, /PRNewswire/ -- First Horizon Bank (NYSE: FHN or "First Horizon") announced today it has been honored by United Way of the Mid-South with one of three first-ever 2025 Community Trailblazer Awards. The award recognizes select corporate partners for exemplary support through associate campaigns, corporate giving, fundraising and volunteering.
Pictured L-R: Tomeka Hart-Wigginton, CEO of United Way of the Mid-South, First Horizon: Kate Staggs, Shaneda Porter, Katie Beecroft, LaTina Jones, Ann Simpson, Lemetha Webb and Tondra Hill, United Way of the Mid-South Manager of Corporate Giving. "We're honored to be recognized for the dedication of our company and associates to United Way," said Bo Allen, Mid-South Regional President for First Horizon Bank. "We believe sustainable community impact happens when businesses, nonprofits and our broader community work together to improve lives, build opportunities and strengthen neighborhoods across Memphis."
"United Way of the Mid-South is proud to honor our workplace campaign partners that support our valuable work in the community. First Horizon has been a long-time partner of United Way and was more than deserving of an inaugural Trailblazer Award. First Horizon supports United Way through workplace giving and goes above and beyond with a corporate contribution and sponsorship, year-round community volunteerism, and is represented on our Board of Directors. We are grateful for their deep commitment," said Tomeka Hart Wigginton, President & CEO for United Way of the Mid-South.
About First Horizon Bank
First Horizon Corp. (NYSE: FHN), with $84.1 billion in assets as of March 31, 2026, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states concentrated in the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
-- Conference Call and Webcast to be Held on Monday, July 27, 2026 --
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (“the Company”) (NASDAQ: HOPE) today announced that the Company will report financial results for its second quarter and six months ended June 30, 2026, before the markets open on Monday, July 27, 2026.
A conference call to discuss financial results for the second quarter ended June 30, 2026, will be held on Monday, July 27, 2026, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time. A presentation deck to accompany the earnings call will be available on Hope Bancorp’s investor relations website located at www.ir-hopebancorp.com.
Institutional investors and analysts are invited to access the conference call by dialing 866-235-9917 (domestic) or 412-902-4103 (international) and asking for the “Hope Bancorp Call.” Other interested parties are invited to participate via a live webcast of the call available on Hope Bancorp’s investor relations website located at www.ir-hopebancorp.com.
After the live webcast, the archived webcast will remain available on Hope Bancorp’s investor relations website for one year. A telephonic replay of the call will be available at 855-669-9658 (domestic) or 412-317-0088 (international) for one week through August 3, 2026, with the replay access code 7252988.
About Hope Bancorp, Inc.
Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company for Bank of Hope, with $18.66 billion in total assets as of March 31, 2026. Headquartered in Los Angeles, Bank of Hope is the largest regional bank serving multicultural customers across the continental United States and Hawaii. Bank of Hope offers a comprehensive range of commercial, corporate and consumer banking products and services, including commercial and commercial real estate lending, SBA lending, residential mortgage and consumer lending, treasury management, foreign exchange solutions, interest rate derivatives, and international trade finance. Bank of Hope operates 45 full-service branches in California, New York, New Jersey, Washington, Texas, Illinois, Alabama and Georgia under the Bank of Hope banner, and 28 branches in Hawaii under the Territorial Savings banner. Bank of Hope also operates SBA loan production offices, commercial loan production offices, and residential mortgage loan production offices throughout the United States, and a representative office in Seoul, South Korea. Bank of Hope is a California-chartered bank, and its deposits are insured by the FDIC to the extent provided by law. Bank of Hope is an Equal Opportunity Lender. For additional information, please go to www.bankofhope.com for Bank of Hope and www.tsbhawaii.bank for Territorial Savings, a division of Bank of Hope. By including the foregoing website address links, the Company does not intend to and shall not be deemed to incorporate by reference any material contained or accessible therein.
WEST READING, Pa.--(BUSINESS WIRE)--Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EST on Friday, July 24, 2026, to report its earnings results for the three months ending June 30, 2026. The webcast will be conducted by Sam Sidhu, President & CEO of Customers Bancorp, and Mark McCollom, Chief Financial Officer of Customers Bancorp. Register online for the webcast. The live audio webcast, presentation sli.
BNB Chain has become one of the busiest destinations for memecoin launches. As more creators look for simple deployment tools, launchpads are evolving beyond basic token creation into complete ecosystems with analytics, automation, and community features.
Two projects attracting attention are Four.meme and MemeToro ($MT). While both are built around BNB Chain, they take very different approaches. One focuses on making launches fast and inexpensive, while the other uses artificial intelligence to reshape how new meme projects are created.
Four.meme Helped Standardize BNB Chain Launches Four.meme has become one of the largest launchpads operating on BNB Chain.
The platform has grown its ecosystem to a market capitalization of around $523 million, giving creators an easy way to deploy new tokens with an ultra-low 0.005 BNB launch fee.
Its biggest advantage is simplicity.
Projects can launch quickly and automatically migrate liquidity to PancakeSwap, reducing much of the manual work traditionally associated with decentralized token launches.
That streamlined experience has helped Four.meme become one of the busiest launch platforms on the network.
However, the platform largely leaves trend discovery and project planning to the creator.
MemeToro Brings AI Into the Launch Process Rather than focusing only on deployment, MemeToro ($MT) attempts to improve what happens before a token is launched.
Its AI system continuously monitors news, social platforms, and online communities to identify narratives that are beginning to gain traction. After recognizing a potential trend, the platform helps generate the project’s branding, token structure, and launch package before deployment.
Instead of asking creators to build every element manually, the AI assists throughout the preparation stage.
The objective is not simply faster deployment but smarter launches based on market activity rather than guesswork.
Memecoin Asset Creation and Trading on MemeToro MemeToro combines launch tools with trading infrastructure inside one BNB Chain platform.
MemeToro ($MT) consolidates trend identification and asset deployment into a dual-purpose Web3 engine. The underlying software framework provides creators and market participants with real-time analytics to make more informed data-driven decisions.
Fluid Asset Migration: Move tokens effortlessly from internal tracking to active decentralized exchange trading pools. Incentivize Long-Term Growth: Secure performance fees to keep project operations funded and community initiatives active. Balanced Initial Distribution: Limit maximum early transaction sizes programmatically to prevent centralized supply control. Contextual Trend Analytics: Map shifting social narratives easily with AI assistance to evaluate newly deployed tokens. Alongside these launch features, users can access the platform’s news hub for blockchain updates, educational content, and Web3 guides. While these tools help organize launches, users should still evaluate every project independently before participating.
MemeToro’s Presale Continues to Progress The platform’s native utility token remains available through the ongoing public presale.
MemeToro is currently in Stage 4, having raised $66,670.37, representing 82.52% of its $80,785.59 funding target.
The current token price is $0.00171, increasing automatically to $0.00190 once the next stage begins.
Beyond the presale, the ecosystem is also preparing additional products, including decentralized prediction markets, staking with rewards of up to 35% APR, and SocialFi features powered by the MemeToro ($MT).
These products are designed to give the platform utility beyond token launches alone.
Two Launchpads Built for Different Users Four.meme has established itself as one of BNB Chain’s leading launchpads by making token deployment simple, fast, and affordable. For creators who already know what they want to build, that straightforward model continues to attract significant activity.
MemeToro ($MT) is pursuing a broader vision. Instead of limiting itself to deployment, it combines AI-assisted project creation, launch infrastructure, prediction markets, and community tools into one ecosystem.
As BNB Chain continues expanding its AI-focused roadmap, platforms that combine automation with practical Web3 utility may become increasingly important. That difference is why many investors now include MemeToro among projects to watch when researching the best memecoin to buy in 2026.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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A Wallet Full of ClutterBinance founder Changpeng Zhao, widely known as @cz_binance, has once again sent a batch of unsolicited $BNB Chain memecoins to a burn address, permanently removing them from circulation. Traders on @BNBCHAIN were quick to read meaning into the move, with some interpreting it as a sign of CZ's attitude toward the broader memecoin market. CZ was characteristically blunt in response: it was not that profound.
According to Cryptopolitan, on-chain analyst Ai Yi flagged the transactions, which destroyed three tokens, QUQ, SIREN, and BNBCARD, with estimated values of roughly $305,000, $142,000, and $43,000 respectively. CZ confirmed the cleanup was deliberate, explaining that his public donation address opened to thousands of unsolicited tokens sent by projects hoping to gain visibility or association with one of the industry's most recognised names.
Digital Housekeeping, Not a Market SignalCZ's explanation was straightforward. He opened a wallet he had not checked in some time, found over 10,000 tokens clogging it, and cleared them out. Hokanews reported that he described the decision as "little more than digital housekeeping," dismissing speculation that the burn carried any hidden strategic or symbolic meaning.
He also issued a warning to projects tempted to use the same tactic again. The donation wallet is intended to hold only $BNB, and any future tokens sent to the address may be sold on the open market rather than burned. Coindoo noted that CZ's message served as both a clarification and a warning to project creators who use unsolicited token drops as a marketing tactic.
The pattern is not new. Smaller memecoin projects have long targeted the wallets of high-profile crypto figures to generate attention. This is not the first time CZ has had to sweep his own address, and given the pace at which new tokens are minted on BNB Chain, it is unlikely to be the last.
Unusual transactions were recently identified at the personal BNB Chain address of Binance co-founder and former CEO Changpeng Zhao, widely recognized as CZ. Multiple memecoins were transferred from Zhao’s wallet to a burn address, sparking speculation throughout the crypto community regarding the intention behind these actions.
Blogger Draws Attention to Token BurnsCrypto blogger Crypto小宇 (老炮) was among the earliest to spotlight the transfers. He put forward a theory suggesting the act may have carried symbolic significance, proposing that Zhao’s move represented continued support for Binance users even after his resignation as CEO.
According to the blogger, Binance had scaled from zero to almost 400 million users over nine years. He drew a link between the token burn and the notion of a long-term relationship between Zhao and the Binance community.
However, this narrative received clarification from CZ himself, shifting the focus from symbolism to practicality.
CZ Explains Purpose Behind TransfersZhao addressed the rumors, clarifying that the transfers did not signal any broader message or endorsement. He reported that after not accessing his wallet for some time, he discovered it contained tens of thousands of tokens, many of which had likely been dispatched as spam.
The influx of memecoins caused the wallet’s interface to report the balance inaccurately. Zhao explained that he recommended enhancements to the wallet’s token display features to the development team and subsequently tested the updated system himself.
He emphasized there was no intended message: he simply saw no reason to transfer the tokens back to himself and instead sent them to a burn address to clear out unwanted assets.
A burn address is a wallet without a known private key, meaning assets sent there are irretrievable and permanently removed from circulation.
Mini dictionary: Burn address, a blockchain wallet controlled by no one, where tokens sent are permanently destroyed and removed from supply.
Prominent figures in the cryptocurrency world frequently receive unsolicited memecoins in their public wallets. Such actions are often attempts to attract attention by creating the illusion of affiliation.
Blogger’s Earlier Claims Regarding Other TokensThis incident was not the first time Crypto小宇 (老炮) referenced Zhao’s blockchain activity in relation to BNB Chain memecoins. In early July, he described $CZ, $TCC, and $AB as flagship projects spearheading a new season of memecoins on BNB Chain, linking them to Zhao through either collaboration or personal acquaintance.
TokenAlleged Connection to CZCZ’s Statement$CZSuggested associationDenied involvement$TCCClaimed collaborationDenied involvement$ABSupposed acquaintanceDenied knowledgeZhao responded to these assertions by stating he did not own the tokens, was not connected to their creation, and had no involvement in any partnership.
Ongoing Speculation Around CZ’s WalletNarratives linking Zhao’s activity to specific memecoins have reappeared multiple times. Each occasion has resulted in CZ publicly denying any relationship with the projects or tokens.
The recent transfers to the burn address appear to be a routine measure to dispose of spam assets, with no underlying symbolic motive or endorsement of any memecoin initiative.
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.
SAN FRANCISCO--(BUSINESS WIRE)--PagerDuty, Inc. (NYSE: PD), a leader in AI-first operations management, today announced the appointment of Arnaud Lagarde as vice president of EMEA. Lagarde will lead PagerDuty's next phase of growth in the EMEA region, bringing the entire incident management lifecycle to customers across EMEA to solve their biggest digital challenges. “We are thrilled to appoint Arnaud as vice president of EMEA, since he brings a wealth of enterprise sales relationships and year.
If you purchased or acquired Peabody Energy common stock between October 14, 2024 to May 4, 2026 and would like to discuss your legal rights, contact Bragar Eagel & Squire partners Brandon Walker or Melissa Fortunato by email at [email protected] or by telephone at (212) 355-4648.
Click here to participate in the action.
NEW YORK, July 13, 2026 (GLOBE NEWSWIRE) --
What’s Happening?
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Peabody Energy Corporation (“Peabody Energy” or the “Company”) (NYSE:BTU) in the United States District Court for the Eastern District of Missouri on behalf of all persons and entities who purchased or otherwise acquired Peabody Energy common stock between October 14, 2024 to May 4, 2026, both dates inclusive (the “Class Period”). Investors have until August 24, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Allegation Details:
According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Peabody Energy’s Centurion mine and the multitude of issues causing delays to the ramp-up and the return to full longwall production dates. On March 30, 2026, Peabody Energy issued a press release lowering guidance pertaining to Centurion mine’s expected first quarter 2026 output ahead of the Company’s full earnings release. In pertinent part, defendants announced that sales volume from the Centurion mine was expected to deliver approximately 250,000 tons in the first quarter due to mining commissioning challenges (compared to previous estimates of around 700,000 tons). Following this news, the price of Peabody Energy’s common stock declined dramatically. From a closing market price of $39.50 per share on March 27, 2026, Peabody Energy’s stock price fell to $35.68 per share on March 30, 2026, a decline of about 9.7% in the span of a single trading day.On May 5, 2026, Peabody Energy issued a press release disclosing the Company’s failure to ramp-up Centurion by the long-awaited March 2026 deadline and cutting guidance related to full year met segment volumes to reflect the increased cost and substantial volume decrease. Following this news, Peabody Energy’s common stock declined from a closing market price of $26.52 per share on May 4, 2026, to $25.00 per share on May 5, 2025, a decline of 5.7%.
Next Steps:
If you purchased or otherwise acquired Peabody Energy shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities,
derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Follow us for updates on LinkedIn and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn.
, /PRNewswire/ -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Peabody Energy Corporation (NYSE: BTU) common stock between October 14, 2024 to May 4, 2026. Peabody Energy describes itself as a leading producer of metallurgic and thermal coat. The Company owns interests in 16 active coal mining operations in the United States and Australia.
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
What is the class period? October 14, 2024 – May 4, 2026
What are the allegations? Robbins LLP is Investigating Allegations that Peabody Energy Corporation (BTU) Misled Investors Regarding Production at its Centurion Mine
According to the complaint, during the class period, defendants provided investors with material information concerning Peabody Energy's expected longwall production rates at its Centurion mine for fiscal year 2026. In truth, Peabody Energy's overly optimistic March 2026 Centurion ramp-up date and promises regarding the Company's inflated guidance fell short of reality when numerous issues at Centurion caused a significant delay to the mine's ramp-up.
Plaintiff alleges that on March 30, 2026, defendants filed a "Regulation FD Disclosure" with the SEC lowering guidance relating to the Centurion mine's output for first quarter 2026 ahead of Peabody Energy's first quarter 2026 earnings release. On this news, Peabody Energy's stock fell from a closing market price of $39.50 per share on March 27, 2026 to $35.68 per share on March 30, 2026, a decline of about 9.7% in the span of a single trading day.
Then, on May 5, 2026, Peabody Energy issued a press release disclosing the Company's failure to ramp-up Centurion by the March 2026 deadline and cutting guidance related to full year met segment volumes to reflect the increased cost and substantial volume decrease. On this news, the price of Peabody Energy's common stock declined from a closing market price of $26.52 per share on May 4, 2026, to $25.00 per share on May 5, 2025, a decline of 5.7%.
What can shareholders do now? You may be eligible to participate in the class action against Peabody Energy Corporation. Shareholders who wish to serve as lead plaintiff for the class must submit their papers with the court by August 24, 2026. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.
To be notified if a class action against Peabody Energy Corporation settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.
Attorney Advertising. Past results do not guarantee a similar outcome.
Contact:
Aaron Dumas, Jr.
Robbins LLP
5060 Shoreham Pl., Ste. 300
San Diego, CA 92122
[email protected]
(800) 350-6003
www.robbinsllp.com
New York, New York--(Newsfile Corp. - July 13, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Peabody Energy Corporation (NYSE: BTU) between October 14, 2024 to May 4, 2026, inclusive (the "Class Period"), of the important August 24, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Peabody Energy common stock 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 Peabody Energy class action, go to https://rosenlegal.com/cases/peabody-energy-corporation/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 August 24, 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 to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Peabody Energy's Centurion mine and the multitude of issues causing delays to the ramp-up and the return to full longwall production dates. On March 30, 2026, Peabody Energy issued a press release lowering guidance pertaining to Centurion mine's expected first quarter 2026 output ahead of Peabody Energy's full earnings release. In pertinent part, defendants announced that sales volume from the Centurion mine was expected to deliver approximately 250,000 tons in the first quarter due to mining commissioning challenges (compared to previous estimates of around 700,000 tons). When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Peabody Energy class action, go to https://rosenlegal.com/cases/peabody-energy-corporation/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.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305008
Source: The Rosen Law Firm PA
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Rossmann, CoStar Group's Managing Director, Europe, brings more than two decades of financial and operational leadership — over the past two years reducing the Company's European cost structure by 25% while delivering double-digit revenue growth and launching CoStar in France
ARLINGTON, Va.--(BUSINESS WIRE)--CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today announced the appointment of Robin Rossmann as Chief Financial Officer, effective July 31, 2026, succeeding Christian Lown, who is stepping down to pursue an opportunity outside the Company's industry. Rossmann will report to Andy Florance, Founder and Chief Executive Officer of CoStar Group.
Rossmann will lead CoStar Group's global finance organization, overseeing the Company's financial and operational performance, capital allocation, financial planning and investor engagement as CoStar Group continues to expand its global platforms, increase profitability and create long-term value for shareholders.
Rossmann currently serves as CoStar Group's Managing Director, Europe, and is a member of the Company's executive leadership team. Over the past two years, he has distinguished himself by dramatically improving the margins of CoStar Group's European business — eliminating approximately $51 million in costs, roughly 25% of the European cost structure — while delivering double-digit revenue growth and launching CoStar in France. Rossmann joined STR in 2016, leading its businesses across EMEA, Asia Pacific and Latin America, and became part of CoStar Group through the Company's acquisition of STR in 2019. Over the past decade with STR and CoStar Group, he has played a central role in launching CoStar Group products across global markets, executing and integrating acquisitions, scaling international operations and advancing strategic initiatives that have strengthened the Company's competitive position.
"Robin is a rare executive who combines deep financial expertise with proven operating leadership and a demonstrated ability to dramatically reduce costs while accelerating growth," said Andy Florance, Founder and Chief Executive Officer of CoStar Group. "During his time with CoStar Group, he has consistently delivered outstanding operating performance across our international businesses — driving strong organic revenue growth, expanding margins, successfully integrating acquisitions and launching our products in new markets. Robin knows our business, strategy and culture exceptionally well, and is deeply respected across our leadership team. I look forward to partnering with him as we sharpen our focus on margin expansion and profitable growth."
"CoStar Group has built one of the strongest and most differentiated real estate technology companies in the world," said Rossmann. "I am honored to assume the role of Chief Financial Officer at such an exciting point in the Company's evolution. I look forward to partnering with Andy, our leadership team and our employees to drive disciplined capital allocation, enhance operational efficiency, expand margins and support continued profitable growth while delivering long-term value for our shareholders."
Prior to joining STR, Rossmann, a Chartered Accountant, spent 13 years at Deloitte, where he served as a Senior Director advising many of the world's leading public and private real estate and hospitality companies across the United States, the United Kingdom and other international markets. His experience included financial assurance, internal controls and risk management, financial and commercial due diligence, capital markets transactions, debt advisory, valuation, business planning and investment appraisal.
Lown will step down as Chief Financial Officer effective July 31, 2026. His departure was not the result of any disagreement with the Company relating to the Company's operations, policies or practices.
"On behalf of the Board of Directors and the entire CoStar Group team, I want to thank Chris for his contributions during his tenure with the Company," said Florance. "We appreciate his service and wish him continued success in his future endeavors."
About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world's real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group's major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia's leading property marketplaces. The Company's industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group's websites attracted 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, the Company is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, CoStar Group plans to utilize its corporate website as a channel of distribution for material Company information. For more information, visit www.CoStarGroup.com.
This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about CoStar Group's plans, objectives, expectations, beliefs and intentions and other statements including words such as “hope,” “anticipate,” “may,” “likely,” “might,” “believe,” “expect,” “observe,” “consider,” “think,” “intend,” “envision,” “will,” “should,” “could,” “would,” “plan,” “target,” “goal,” “estimate,” “predict,” “continue,” “commit,” and “potential” or the negative of these terms or other comparable terminology. Such statements are based upon the current beliefs and expectations of management of CoStar Group and are subject to many risks and uncertainties. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements. The following factors, among others, could cause or contribute to such differences: our inability to attract and retain new clients; our inability to successfully develop and introduce new or updated online marketplace services, information, and analytics; our inability to compete successfully against existing or future competitors in attracting advertisers and in general; the effects of fluctuations and market cyclicality; the effects of global economic uncertainties and downturns or a downturn or consolidation in the real estate industry; our inability to hire qualified persons for, or retain and continue to develop our sales force, or unproductivity of our sales force; our inability to retain and attract highly capable management and operating personnel; the downward pressure that our internal and external investments may place on our operating margins; our inability to increase brand awareness; our inability to maintain or increase internet traffic to our marketplaces, and the risk that the methods, including Google Analytics, that we use to measure average monthly unique visitors to our portals may misstate the actual number of unique persons who visit our network of mobile applications and websites for a given month or may differ from the methods used by competitors; our inability to attract new advertisers; our inability to successfully identify, finance, integrate, and/or manage costs related to acquisitions; our inability to complete certain strategic transactions if a proposed transaction is subject to review or approval by regulatory authorities pursuant to applicable laws or regulations; our inability to realize the benefits of the acquisitions of Matterport, LLC (“Matterport”) and Domain Holdings Australia Pty Limited; the inability of third-party suppliers upon which Matterport relies to fulfill its needs; the effects of cyberattacks and security vulnerabilities, and technical problems or disruptions; the significant costs associated with undertaking a large infrastructure project; our inability to generate increased revenues from our current or future geographic expansion plans; the risks related to acceptance of credit cards and debit cards and facilitation of other customer payments; the effects of climate-related events and other events beyond our control; the effects related to attention to climate-related risks and opportunities; our inability to obtain and maintain accurate, comprehensive, or reliable data; our inability to obtain and maintain stable data feeds, or disruption of our data feeds; our inability to enforce or defend our ownership and use of intellectual property; the effects of use of new and evolving technologies, including artificial intelligence, on our ability to protect our data and intellectual property from misappropriation by third parties; our inability to defend against potential legal liability for collecting, displaying, or distributing information; our inability to obtain or retain listings from real estate brokers, agents, property owners, and apartment property managers; our inability to maintain or establish relationships with third-party listing providers; our inability to comply with the rules and compliance requirements of Multiple Listing Services; the risks related to open source software; the risks related to international operations; the effects of foreign currency exchange rate fluctuations; our indebtedness; the effects of a lowering or withdrawal of the ratings assigned to our debt securities by rating agencies; the effects of any actual or perceived failure to comply with privacy or data protection laws, regulations, or standards; the effects of changes in tax laws, regulations, or fiscal and tax policies; the effects of third-party claims, litigation, regulatory proceedings, or government investigations; the risks related to return on investment; and the risks related to the specific timing, price, and size of repurchases under the Stock Repurchase Program, including that the Stock Repurchase Program may be suspended or discontinued at any time at the Company’s discretion. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar Group’s filings from time to time with the Securities and Exchange Commission (the “SEC”), including in CoStar Group’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar Group’s other filings with the SEC (including Current Reports on Form 8-K) available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar Group on the date hereof, and CoStar Group assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
Action Aligns With Trex’s Stated Long Term Strategic Priority to Optimize our Channels for Growth
Trex Expands with SBP, the Largest and Fastest Growing Distributor of Specialty Building Products in North America
Preliminary Second Quarter Revenue of Approximately $418M, Above Guidance Range
Raising Full Year 2026 Guidance
Trex Will Hold a Conference Call Today at 5:00pm EST
WINCHESTER, Va.--(BUSINESS WIRE)--Trex Company [NYSE: TREX], the world’s largest manufacturer of wood-alternative decking and railing and a leading brand of outdoor living products, today announced the realignment of its North American distribution network.
Specialty Building Products (SBP) will be Trex’s sole national distributor of decking and railing products across North America. In addition to SBP covering national distribution, Trex will also further expand its regional distribution footprint with WS Building Materials (formerly Snavely, Weekes, and Logan), Coastal Forest Products in New England and BlueLinx in the South Central region. These actions further align Trex’s distribution network with the number-one brand in decking and railing while streamlining access to products across key markets nationwide. As part of these distribution actions, Trex will transition away from Boise Cascade as a distributor of Trex products.
“Today’s announcement is a key step towards driving one of our five-stated priorities that define our path to long-term, durable profitable growth and increased shareholder value, namely - Optimize our Channels for Growth. The distribution channel has seen many changes over the last five years with significant consolidation of both distributors and dealers in the two-step channel. We expect the distribution landscape to continue evolving and are taking decisive proactive steps to ensure our products can best reach both the homeowner and the pro contractors across our geographies,” said Adam Zambanini, President and CEO of Trex Company.
“We shifted to SBP as our exclusive national distributor partner based on their dynamic service capabilities and relentless drive for long-term growth. SBP shares our vision for the future—from growth through innovation to the continued evolution of our distribution model,” said Zambanini. “With this expanded relationship, SBP will exclusively carry the breadth of Trex’s decking and railing products across its extensive distribution network.”
SBP is the largest and fastest growing distributor of specialty building products in North America. The company first began distributing Trex decking products in 2002 and has since become one of Trex’s largest and most impactful partners. With the acquisition of OrePac in 2025, SBP expanded its footprint to serve all of North America, providing Trex with unparalleled reach to consumers and contractors.
“This expansion of our relationship with Trex is a strategic milestone for SBP, further strengthening our alignment with Trex - the industry’s leading outdoor living brand,” said Jeff McLendon, CEO of Specialty Building Products. “Throughout our long, and highly successful relationship, Trex has consistently set the standard through innovation, market leadership, and execution. This strategic national distribution partnership builds on that strong foundation and positions us to accelerate our shared growth. Together with the Trex team, we are committed to an ambitious vision for expanding market share in this growing category while continuing to deliver exceptional value and service to our mutual customers.”
To further optimize its channel distribution network, Trex is also expanding its relationship with WS Building Materials, one of the largest regional distributors in the Midwest, MidAtlantic and southern United States. WS Building Materials will now support Trex across Wisconsin, Illinois, North Dakota, South Dakota, Indiana, Iowa, Nebraska, and Missouri.
“Over the past five years, WS Building Materials has consistently demonstrated that Trex is the number-one brand they want to represent,” said Zambanini. “They have steadily expanded Trex across their footprint and now distribute Trex products from all of their existing locations. WS Building Materials also has ambitious plans for continued growth, making them an ideal long-term distribution partner.”
“Trex has been a trusted, long-standing distribution partner to WS Building Materials, and we’re proud to expand that relationship through this expanded distribution alignment,” said Scott Gardner, President of WS Building Materials. “This next phase strengthens our ability to scale Trex’s industry-leading products across our network, expand into new markets, and deliver consistent, high-level service to our customers.”
Trex is also adding Coastal Forest Products as a regional distributor in New England supporting Trex throughout New York, Connecticut, Rhode Island, New Hampshire, Vermont, and Maine.
“Coastal Forest Products has built a strong, respected brand throughout New England that complements the Trex brand extremely well,” said Zambanini. “This distribution relationship enhances our ability to serve dealers and contractors in the region as consumer demand for premium decking and railing continues to grow.”
“We’re thrilled to be joining forces with Trex,” said Pike Severance, President of Coastal Forest Products. “Their success to date has been impressive, and we are taking a meaningful step forward for both organizations. By combining our strengths with their proven foundation, we’re well positioned to scale that success, unlock new opportunities, deepen our impact with customers, and help shape what comes next for the market.”
Finally, Trex is expanding its distribution network in the South Central Region with BlueLinx, further strengthening coverage and service levels in this important market. BlueLinx will distribute Trex in Louisiana, Arkansas, Mississippi, Alabama, Georgia, Tennessee, Kentucky and parts of Missouri, Illinois, Indiana, Ohio, and West Virginia.
“We are excited to announce this new distribution agreement with BlueLinx,” said Zambanini. “Over the past two decades, they have established themselves as a major player within the South Central Region, and we are confident that adding their network of distribution in this important part of the country will continue to fuel Trex’s growth.”
"We appreciate the confidence that Trex has placed in BlueLinx to accelerate their growth strategy in the South Central Region," said Shyam Reddy, President and CEO of BlueLinx. "We are especially excited about offering Trex’s well-known specialty product lines to our customers in these fast-growing markets."
During the transition, Trex will work closely with all distribution partners to ensure uninterrupted product availability, including retail stocking and special orders through major home centers.
“Dual distribution in all major markets has been a key part of our winning strategy for several decades,” added Zambanini. “With SBP’s national coverage and our network of strong regional distribution partners, Trex will continue to be available from two of the top distributors wherever dealers, contractors, and consumers are making their purchase decisions.”
Q2 Results Above the High End of Range and Reiterate 2026 Guidance
“We anticipate second quarter sales to come in at approximately $418 million, above our guidance of $388 to $403 million with strong sell through driven by consumer demand across our channels and products. Adjusted EBITDA is expected to be approximately $112 million. We are also increasing our full year guidance, shown in the table below, given our strong start to the year and continuing strong execution by the Trex team,” said Prith Gandhi, Senior Vice President and Chief Financial Officer.
These preliminary results are estimates based on information available to management of Trex as of the date of this release and are subject to change upon completion of Trex’s standard closing procedures and review by its independent registered public accounting firm. As a result, there can be no assurance that Trex’s final results will not differ from these preliminary estimates. Trex has not provided a reconciliation of forward-looking Adjusted EBITDA to net income, the most directly comparable GAAP measure, because certain items required for such reconciliation are outside of Trex’s control and/or cannot be reasonably predicted without unreasonable efforts. The probable significance of these items cannot be determined at this time. See “Forward-Looking Statements” below for information on certain factors that could cause actual results to differ from these preliminary estimates.
Full Year 2026 Guidance
Low
High
Net sales
$1.215B
$1.250B
Adjusted EBITDA
$335M
$350M
Depreciation and amortization
~$85M
SG&A
~18% of net sales
Interest expense
$8M
$10M
Effective tax rate
25.5%
27.0%
CapEx
$100M
$120M
Conference Call & Webcast Information
Trex will hold a conference call on Monday, July 13, 2026, at 5:00 p.m. ET. To participate on the day of the call, dial 1-844-792-3734, or internationally 1-412-317-5126, approximately ten minutes before the call, and tell the operator you wish to join the Trex Company Conference Call.
A live webcast of the conference call will be available in the Investor Relations section of the Trex Company website at Investor Relations. For those who cannot listen to the live broadcast, an audio replay of the conference call will be available within 24 hours of the call on the Trex website. The audio replay will be available for 30 days.
Use of Non-GAAP Measures
The Company reports its financial results in accordance with accounting principles generally accepted in the United States (GAAP). To supplement our consolidated financial statements reported on a GAAP basis, we provide the following non-GAAP financial measure, adjusted earnings before interest, income taxes, depreciation and amortization (Adjusted EBITDA). Management believes this non-GAAP financial measure provides investors with additional meaningful financial information that should be considered when assessing our underlying business performance and trends. Further, management believes this non-GAAP financial measure also enhances investors’ ability to compare period-to-period financial results. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the Company’s reported results prepared in accordance with GAAP and are not meant to be considered superior to or a substitute for our GAAP results. Our non-GAAP financial measures do not represent a comprehensive basis of accounting. Therefore, our non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies. A reconciliation of this non-GAAP financial measure to GAAP information is included below. Management uses these non-GAAP financial measures in making financial, operating, compensation and planning decisions and in evaluating the Company’s performance. Disclosing these non-GAAP financial measures allows investors and management to view our operating results excluding the impact of items that are not reflective of the underlying operating performance.
Non-GAAP Reconciliation Tables
Trex Company, Inc. Three Months Ended
June 30, 2026 ($ in millions) Net Income $
61.9
Interest 2.3
Income taxes 22.0
Depreciation and amortization 19.4
Non-operating expenses 4.7
Arkansas start up 0.6
Digital transformation 1.1
Adjusted EBITDA $
112.0
About Trex Company
For more than 30 years, Trex Company [NYSE: TREX] has invented, reinvented and defined the composite decking category. Today, the company is the world’s #1 brand of sustainable, wood-alternative decking and railing, and a leader in high performance, low-maintenance outdoor living products. Boasting the industry’s strongest distribution network, Trex sells products through more than 6,700 retail outlets across six continents. Through strategic licensing agreements, the company offers a comprehensive outdoor living portfolio that includes deck drainage, flashing tapes, LED lighting, outdoor kitchen components, pergolas, spiral stairs, fencing, lattice, cornhole and outdoor furniture – all marketed under the Trex® brand. Based in Winchester, Va., Trex is proud to have been named America’s Most Trusted® Outdoor Decking^ for the past 6 years (2021-2026). The company also holds a place on Barron’s list of the 100 Most Sustainable U.S. Companies (2024 and 2025), was named one of America’s Most Responsible Companies 2024 by Newsweek, ranked as one of the 100 Best ESG Companies by Investor’s Business Daily, and named the Sustainable Brand Leader in the decking category by Green Builder Media for the 16th consecutive year. For more information, visit Trex.com.
^Trex received the highest numerical score in the proprietary Lifestory Research 2021-2026 America’s Most Trusted® Outdoor Decking studies. Study results are based on experiences and perceptions of people surveyed. Your experiences may vary. Visit www.lifestoryresearch.com.
Forward-Looking Statements
The statements in this press release regarding the Company’s expected future performance and condition constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to risks and uncertainties that could cause the Company’s actual operating results to differ materially. Such risks and uncertainties include, but are not limited to: risks associated with the realignment of the Company's distribution network, including potential disruption to product availability, loss of dealer or contractor relationships, and the ability of new or expanded distribution partners to perform as expected; the extent of market acceptance of the Company’s current and newly developed products, including fire-rated and PVC decking products; the costs associated with the development and launch of new products and the market acceptance of such new products; the sensitivity of the Company’s business to general economic conditions; the impact of seasonal and weather-related demand fluctuations on inventory levels in the distribution channel and sales of the Company’s products; the availability and cost of third-party transportation services for the Company’s products and raw materials; the Company’s ability to obtain raw materials, including scrap polyethylene, wood fiber, and other materials used in making our products, at acceptable prices; increasing inflation, oil prices, and tariffs in the macro-economic environment; the Company’s ability to maintain product quality and product performance at an acceptable cost; the Company’s ability to increase throughput and capacity to adequately match supply with demand; the level of expenses associated with warranty claims, product replacement and consumer relations expenses related to product quality; the highly competitive markets in which the Company operates; cyber-attacks, security breaches or other security vulnerabilities; the impact of current and upcoming data privacy laws and the EU General Data Protection Regulation and the related actual or potential costs and consequences; material adverse impacts from global public health pandemics and geopolitical conflicts, including the ongoing conflict in the Middle East and its potential effect on consumer confidence; risks associated with the Company’s digital transformation initiatives and related costs; risks associated with the startup, construction, and operational transition of the Company’s Arkansas facility; and material adverse impacts related to labor shortages or increases in labor costs. Documents filed with the U.S. Securities and Exchange Commission by the Company, including in particular its latest annual report on Form 10-K and quarterly reports on Form 10-Q, discuss some of the important factors that could cause the Company’s actual results to differ materially from those expressed or implied in these forward-looking statements. The Company expressly disclaims any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
DULUTH, Ga.--(BUSINESS WIRE)--Specialty Building Products (SBP), a leading distributor of specialty building products in North America, today announced that Trex® (NYSE: TREX), the world's largest manufacturer of wood-alternative decking and residential railing products, has named SBP its sole national distributor partner, further reinforcing SBP's position as the nation's premier source for specialty building products. The expanded agreement solidifies a relationship that dates back more than.
Bridge security is one of those crypto topics that only gets attention when something breaks. Mantle’s decision to migrate Super Portal infrastructure to Chainlink CCIP is a reminder that serious networks cannot afford to treat cross-chain transfers as an afterthought.
The reason is simple: bridges have historically been among the most expensive failure points in crypto. When they fail, they do not just create technical headaches. They can threaten liquidity, confidence, and the credibility of whole ecosystems.
For more details, visit the official Chainlink platform.
TL;DR Mantle is migrating its Super Portal bridge infrastructure to Chainlink CCIP.The move is designed to strengthen cross-chain transfer security.Bridge infrastructure remains one of crypto’s most important risk points. Why Mantle’s Choice Matters Mantle is not just adding another integration badge. It is changing the infrastructure that helps assets move between environments. That makes the decision more consequential than an ordinary partnership headline.
Chainlink CCIP is designed to provide secure cross-chain messaging and transfer functionality. For a large ecosystem, using a more established cross-chain framework can reduce some of the risk that comes with maintaining custom bridge logic.
The Cross-Chain Security Race As more liquidity moves across L2s, appchains, and modular networks, the bridge layer becomes even more important. Users may not care what system handles the transfer, but they definitely care if funds get stuck or stolen.
That is why infrastructure upgrades like this matter. The next phase of crypto scaling will depend not just on faster chains, but on safer connections between them.
Why The Detail Matters Now The practical takeaway is that Chainlink stories now have to be read through both market structure and product execution. A headline can create attention, but the more durable signal is whether the underlying source points to real activity, a real filing, a real integration, or a measurable change in how users and institutions behave.
That is why this development is worth separating from ordinary market noise. It gives readers a specific point to track over the next few sessions rather than a vague reason to be bullish or bearish. If follow-up data confirms the direction, the story can build. If not, it still gives the market a clearer snapshot of where attention is concentrating today.
The Market Read The cleaner way to read this story is not to force it into a simple bullish or bearish box. For Chainlink readers, the useful part is the change in context. A new filing, integration, market signal, or regulatory step can alter how traders think about the next few sessions even when it does not instantly change price.
That is especially true after the last few volatile weeks, when crypto has been dealing with a mix of ETF flows, legal updates, exchange listings, protocol upgrades, and shifting liquidity. The market is no longer reacting to one dominant theme. It is weighing several smaller signals at once, and that makes source-backed developments more important than ordinary chatter.
Why Readers Should Keep This On The Radar For NewsBTC readers, the important question is what this changes from here. If follow-up data, filings, governance updates, or wallet movement confirm the direction, the story can develop into a larger market theme. If the next update is weak, delayed, or contradicted by new data, the market may quickly move on.
That is why the scope matters. This article is not treating the development as a guaranteed price trigger. It is treating it as a fresh signal inside a market that is trying to sort durable activity from short-term noise. The distinction is important because crypto narratives can move faster than the facts behind them.
The next thing to watch is whether this becomes part of a wider pattern. In some cases that means more institutional flows. In others it means stronger developer adoption, cleaner regulatory access, deeper exchange liquidity, or a clearer technical roadmap. Either way, the story is strongest if it is followed by measurable execution rather than another round of speculative headlines.
This report is based on information from Chainlink.
This article was written by the News Desk and edited by Samuel Rae.
@chainlink has crossed 900,000 non-empty $LINK wallets on Ethereum, an all-time high, with roughly 20,000 new addresses added in the past month alone. The milestone lands while the token trades near local lows in the $7.80 range, a gap that on-chain analytics firm @SantimentData describes as quiet accumulation: holders building exposure while the price stays flat and broader market attention sits elsewhere.
Wallets Rising, Price Not Following The divergence is not new to Chainlink watchers. Santiment data shows $LINK added more than 8,000 non-empty wallets in just five days earlier this month, pushing the total holder count toward 900,000. That kind of wallet growth at a price near local lows typically signals accumulation rather than speculation. The broader trend also extends to larger holders. The number of Chainlink wallets holding at least 100,000 $LINK climbed to a fresh all-time high earlier in 2026, with 805 such addresses on record. Over a seven-week stretch, that cohort expanded by 8.2%, marking the fastest pace of accumulation since the metric was tracked.
Santiment classifies these as whale-tier addresses, typically associated with institutions, high-net-worth individuals, and long-term strategic holders. The growth in this bracket does not come from short-term speculation. A wallet holding nearly $1 million in a single altcoin is likely structured around a multi-month or multi-year thesis.
Adoption Running Ahead of the Chart The on-chain activity sits against a backdrop of expanding real-world integrations. Robinhood activated its Ethereum-based layer 2 blockchain mainnet on July 1, 2026, and selected Chainlink to provide data feeds, data streams, and its cross-chain interoperability protocol from the initial block, powering tokenized stock tokens and on-chain products for millions of users. The DTCC also selected Chainlink's technology in May 2026 to power a new collateral system targeted for the fourth quarter, while more than fifty banks across sixteen countries joined Chainlink's Project Pangea in June 2026 to build faster foreign exchange settlement.
Chainlink has had one of its biggest institutional stretches of the year, and the price has barely noticed. The broader pattern is clear: $LINK has fallen around 20% over the past three months despite positive ecosystem announcements, showing that the market has been discounting good news and focusing more on macro and technical pressure than on long-term adoption headlines. Whether the steady build in holder counts eventually translates into price momentum remains the central question for Chainlink in the months ahead.
Sources:
Blockchain Reporter: Chainlink Whale Wallets Hit All-Time High, Signaling Solid Accumulation
Crypto Briefing: Chainlink Posts Two Highest Network Growth Days of 2026
MEXC: Chainlink LINK Price Prediction July 2026
A leading stablecoin issuer has secured federal approval to launch a dedicated trust bank for digital asset custody services.
Circle Internet Group says it has received final approval from the U.S. Office of the Comptroller of the Currency to establish First National Digital Currency Bank, N.A., operating as Circle National Trust.
The new institution will provide institutional custody for USDC and other digital assets under full federal oversight.
Circle Chairman and CEO Jeremy Allaire says the milestone strengthens Circle’s regulated infrastructure and places the bank under direct OCC supervision.
“OCC approval to establish Circle National Trust marks a defining step in bringing blockchain technology and digital assets into the core of the U.S. financial system.
Federal oversight of our trust bank sets a new standard for transparency, governance, and scale for Circle’s infrastructure and unlocks a new phase of adoption, where leading financial institutions can build on public blockchains with clarity and confidence.”
The approval follows a conditional nod in December 2025 after an application submitted in June 2025.
WTI and Brent crude oil both rose more than 6% intraday, as Houthi militants in Yemen attacked a Saudi airport.
According to Bitget market data, both WTI and Brent crude oil prices rose more than 6% intraday. Reports say Yemen’s Houthi forces attacked a Saudi airport.
5 hours ago
The three major U.S. stock indexes fell across the board, with the Nasdaq Composite once dropping more than 1.3% and SanDisk’s stock plummeting over 12%.
According to Bit.com market data, U.S. stock markets continue to slump, with all three major indexes falling. The Nasdaq once dropped over 1.3%, led by tech stocks: SanDisk fell 12.28%, Western Digital and Seagate Technology both dropped more than 6%, Micron fell 5.53%, SK Hynix fell 7.6%, Intel fell over 6%, and SpaceX fell 4.36%. On the news front, Trump said he would immediately reimpose a blockade on Iran and impose a 20% fee on cargo shipments. Later, Federal Reserve Governor Waller stated that if the core inflation data released this week remains high, the Federal Reserve will need to consider raising interest rates in the near term. Waller noted that the recent rise in core inflation is a cause for concern, with tariffs, rising energy prices, and demand for AI investment being the main factors driving up inflation.
5 hours ago
Waller sets tone on Tuesday's CPI: Hot inflation will support near-term interest rate hikes.
Federal Reserve Governor Christopher Waller said Monday that the U.S. Federal Reserve may need to raise interest rates in the near term if future data shows inflation remains well above the 2% target, describing current monetary policy as being at a crossroads. Waller noted that the path forward will be determined by new data such as the CPI report to be released Tuesday, adding that if data trends turn unfavorable, the Fed is currently in a phase where it should not slack off. Waller stated: "At the current policy level, inflation still has a chance to gradually fall back to the 2% target. But I am equally concerned about the opposite scenario: data in the coming weeks will show inflation remaining at high levels or even continuing to rise, which would require tighter monetary policy in the near term." He specifically noted that he is concerned recent inflation reports show price pressures appear to be broadening across the economy, beyond the impacts of last year’s import tariff hikes or recent energy cost increases, which may reflect broader systemic inflation and would require tighter monetary policy. Waller added: "If this week’s core inflation rate comes in hot again, the Federal Open Market Committee (FOMC) will have to consider tightening monetary policy in the near term. It will take months of sustained lower inflation data to confirm that inflation is moving in the right direction." (Jinshi)
5 hours ago
Mizuho: Circle’s Approval by U.S. National Trust Bank Fails to Alter Its Fundamentals, USDC Still Faces Growth and Competitive Pressures
Japanese investment bank Mizuho stated that Circle’s final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish the First National Digital Currency Bank is a positive development, but it does not address the firm’s core current challenges. Mizuho maintains a "neutral" rating on Circle, warning that the market’s reaction to this positive news may be overly optimistic. The firm notes that since March this year, USDC’s circulating market capitalization has fallen by roughly $70 billion to around $740 billion, a sign of slowing growth momentum that could weigh on Circle’s transaction revenue and reserve earnings. Additionally, Mizuho highlights that Open USD (OUSD), a stablecoin complying with the GENIUS Act and launched by over 140 financial and tech firms including Mastercard, Stripe, and Coinbase, is intensifying market competition. As more consortium-based stablecoins emerge, the stablecoin sector may become more homogeneous, making it increasingly difficult for Circle to retain its competitive advantage.
5 hours ago
Brent crude oil breaks through $80 per barrel, rising 5.35% on the day.
According to Bitget market data, Brent crude oil has broken through $80 per barrel, rising 5.35% intraday; WTI crude oil is up more than 5.7% on the day, currently trading at $75.45.
5 hours ago
Waller: If the AI bubble bursts or sees a sharp correction, financial conditions will undergo significant changes.
Fed Governor Christopher Waller said that if an AI-related asset bubble bursts or the market experiences a sharp correction, financial conditions will undergo "considerable changes." Waller noted he does not want the Federal Reserve to raise interest rates prematurely to avoid triggering a recession, but also emphasized that the Fed must not repeat the mistake of being slow to respond to inflation in 2021. He believes the current labor market remains stable, and there are "credible reasons" to expect inflation to continue falling without further policy tightening. However, Waller warned that relying solely on market expectations of inflation declining is insufficient to justify the Fed holding pat. If the Fed waits until market confidence fades to act, it may have to raise interest rates more aggressively to catch up with inflation. "We cannot afford to turn a blind eye to inflation until it is completely gone," he said.
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.
WTI and Brent crude oil both rose more than 6% intraday, as Houthi militants in Yemen attacked a Saudi airport.
According to Bitget market data, both WTI and Brent crude oil prices rose more than 6% intraday. Reports say Yemen’s Houthi forces attacked a Saudi airport.
5 hours ago
The three major U.S. stock indexes fell across the board, with the Nasdaq Composite once dropping more than 1.3% and SanDisk’s stock plummeting over 12%.
According to Bit.com market data, U.S. stock markets continue to slump, with all three major indexes falling. The Nasdaq once dropped over 1.3%, led by tech stocks: SanDisk fell 12.28%, Western Digital and Seagate Technology both dropped more than 6%, Micron fell 5.53%, SK Hynix fell 7.6%, Intel fell over 6%, and SpaceX fell 4.36%. On the news front, Trump said he would immediately reimpose a blockade on Iran and impose a 20% fee on cargo shipments. Later, Federal Reserve Governor Waller stated that if the core inflation data released this week remains high, the Federal Reserve will need to consider raising interest rates in the near term. Waller noted that the recent rise in core inflation is a cause for concern, with tariffs, rising energy prices, and demand for AI investment being the main factors driving up inflation.
5 hours ago
Waller sets tone on Tuesday's CPI: Hot inflation will support near-term interest rate hikes.
Federal Reserve Governor Christopher Waller said Monday that the U.S. Federal Reserve may need to raise interest rates in the near term if future data shows inflation remains well above the 2% target, describing current monetary policy as being at a crossroads. Waller noted that the path forward will be determined by new data such as the CPI report to be released Tuesday, adding that if data trends turn unfavorable, the Fed is currently in a phase where it should not slack off. Waller stated: "At the current policy level, inflation still has a chance to gradually fall back to the 2% target. But I am equally concerned about the opposite scenario: data in the coming weeks will show inflation remaining at high levels or even continuing to rise, which would require tighter monetary policy in the near term." He specifically noted that he is concerned recent inflation reports show price pressures appear to be broadening across the economy, beyond the impacts of last year’s import tariff hikes or recent energy cost increases, which may reflect broader systemic inflation and would require tighter monetary policy. Waller added: "If this week’s core inflation rate comes in hot again, the Federal Open Market Committee (FOMC) will have to consider tightening monetary policy in the near term. It will take months of sustained lower inflation data to confirm that inflation is moving in the right direction." (Jinshi)
5 hours ago
Mizuho: Circle’s Approval by U.S. National Trust Bank Fails to Alter Its Fundamentals, USDC Still Faces Growth and Competitive Pressures
Japanese investment bank Mizuho stated that Circle’s final approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish the First National Digital Currency Bank is a positive development, but it does not address the firm’s core current challenges. Mizuho maintains a "neutral" rating on Circle, warning that the market’s reaction to this positive news may be overly optimistic. The firm notes that since March this year, USDC’s circulating market capitalization has fallen by roughly $70 billion to around $740 billion, a sign of slowing growth momentum that could weigh on Circle’s transaction revenue and reserve earnings. Additionally, Mizuho highlights that Open USD (OUSD), a stablecoin complying with the GENIUS Act and launched by over 140 financial and tech firms including Mastercard, Stripe, and Coinbase, is intensifying market competition. As more consortium-based stablecoins emerge, the stablecoin sector may become more homogeneous, making it increasingly difficult for Circle to retain its competitive advantage.
5 hours ago
Brent crude oil breaks through $80 per barrel, rising 5.35% on the day.
According to Bitget market data, Brent crude oil has broken through $80 per barrel, rising 5.35% intraday; WTI crude oil is up more than 5.7% on the day, currently trading at $75.45.
5 hours ago
Waller: If the AI bubble bursts or sees a sharp correction, financial conditions will undergo significant changes.
Fed Governor Christopher Waller said that if an AI-related asset bubble bursts or the market experiences a sharp correction, financial conditions will undergo "considerable changes." Waller noted he does not want the Federal Reserve to raise interest rates prematurely to avoid triggering a recession, but also emphasized that the Fed must not repeat the mistake of being slow to respond to inflation in 2021. He believes the current labor market remains stable, and there are "credible reasons" to expect inflation to continue falling without further policy tightening. However, Waller warned that relying solely on market expectations of inflation declining is insufficient to justify the Fed holding pat. If the Fed waits until market confidence fades to act, it may have to raise interest rates more aggressively to catch up with inflation. "We cannot afford to turn a blind eye to inflation until it is completely gone," he said.
Kraken just became the first major US centralized exchange to offer native support for USDC.e deposits and withdrawals on Tempo, the payments-first Layer 1 blockchain that’s been quietly building with some very recognizable backers.
The move, which also includes support for USDT0 on the same network, marks a significant step in connecting traditional exchange infrastructure with a chain specifically designed to make stablecoin transactions feel less like blockchain and more like, well, payments.
What Tempo actually is, and why it matters Tempo is a Layer 1 blockchain developed in collaboration with Paradigm and Stripe. Paradigm is one of crypto’s most influential venture firms, and Stripe is the payments giant that processes transactions for millions of businesses worldwide.
The technical specs reflect that focus. Settlement times on Tempo average roughly 0.5 to 0.6 seconds, with no chain reorganizations. Tempo also features stablecoin-native gas fees, eliminating the need to hold a separate volatile token just to move money around. Tempo also features dedicated processing lanes for payments, creating express lanes for different transaction types rather than forcing everything into a single congested queue.
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The Kraken partnership in context This integration didn’t come out of nowhere. Kraken and Tempo announced their partnership on June 4, 2026, roughly five weeks before the deposit and withdrawal support went live on July 10.
The partnership scope goes well beyond simple asset listings. Kraken is providing Tempo’s ecosystem with a unified suite of institutional services, including liquidity provision, custody solutions, on/off-ramp capabilities, and trade execution.
The target audience tells you everything about the strategic intent. Kraken is positioning these services for fintech firms, neobanks, payment companies, and stablecoin issuers building on Tempo.
There are caveats worth noting. Trading for USDT0 and USDC.e on the Kraken app will depend on sufficient liquidity materializing, and geographic restrictions will apply. Neither Kraken nor Tempo disclosed specific trading volumes or liquidity metrics in their announcements, so the actual market depth remains an open question.
The bigger stablecoin picture The use cases Tempo is targeting — remittances, payroll processing, and embedded finance — represent some of the largest addressable markets in global payments.
What investors should watch For market participants, the most immediate thing to monitor is liquidity development for USDC.e and USDT0 trading pairs on Kraken. Without meaningful depth in the order books, the integration remains more symbolic than functional. The fact that Kraken explicitly conditioned trading availability on liquidity suggests even they’re taking a wait-and-see approach on actual market demand.
Geographic restrictions add another variable. Depending on where you are, access to these assets may be limited, which fragments the potential user base and could slow adoption in key markets.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Jeremy Allaire, Co-Founder, Chairman and CEO. (HK Fintech Week)Summary
Mizuho said Circle's final OCC approval for a national trust bank is a positive step but doesn't address the company's core challenges. The bank pointed to USDC's declining market capitalization since March as a key concern. The report also warned that Open USD, a new consortium-backed stablecoin, could accelerate competition and pressure Circle's business.Circle Internet Group's (CRCL) final approval from the Office of the Comptroller of the Currency to establish First National Digital Currency Bank is a positive milestone, but investors may be overestimating its significance, according to Japanese investment bank Mizuho.
"While a positive development, we believe the market reaction is likely overly optimistic, as this does not resolve fundamental issues that have been hurting the stock of recent," analysts led by Dan Dolev said in the Friday report.
Shares of the stablecoin issuer closed 5% higher on Friday following the news. The stock on Monday has given back most of those gains, trading 4.7% lower at $63.03 at publication time.
Mizuho reiterated its neutral rating, arguing that the regulatory approval does not resolve the fundamental issues weighing on the stock.
Those challenges include a decline in USDC's market capitalization since March 2026, which the bank said raises questions about the stablecoin's growth trajectory.
Circle's USDC stablecoin has faced headwinds in recent months, with its circulating supply falling by roughly $7 billion from its March peak to about $74 billion in July as redemptions outpaced new issuance. The contraction marks the largest monthly decline since 2022 and has raised concerns among analysts that slowing supply growth could weigh on the firm's transaction and reserve-income outlook, even as on-chain usage remains strong
The stablecoin market posted its largest monthly contraction in years in June, signaling an outflow of on-chain liquidity as crypto markets remained stuck near their 2026 lows.
The analysts also highlighted increasing competitive pressure from Open USD, a newly launched, GENIUS Act-compliant dollar-backed stablecoin developed by a consortium of more than 140 financial and technology companies, including Mastercard (MA), Stripe and Coinbase (COIN).
According to Mizuho, the emergence of consortium-backed stablecoins underscores the risk that the sector becomes increasingly commoditized, making it more difficult for Circle to sustain its competitive position despite securing a national trust bank charter.
"We remain on the sidelines," the report added.
Read more: Circle soars after securing U.S. trust bank approval in crypto expansion
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
While much of DeFi has been busy watching its TVL shrink, Morpho has been doing the opposite. The decentralized lending protocol now holds approximately $2.8 billion in USDC deposits, making it the single largest venue for USDC lending in decentralized finance.
How Morpho became DeFi’s stablecoin magnet Morpho’s architecture sets it apart from traditional pooled lending protocols. Unlike systems where everyone’s deposits sit in one big liquidity pot with uniform risk parameters, Morpho uses a modular, curator-managed vault system. Curators, most notably Steakhouse Financial, manage vaults with tailored strategies that optimize yield while adjusting risk exposure. Steakhouse Financial’s curated vaults handle significant portions of the platform’s USDC deposits, including hundreds of millions on Base.
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Morpho previously raised $175 million at a $2 billion valuation from investors including a16z and Paradigm. The protocol operates on both Ethereum and Base.
Strategic partnerships fueling capital inflows Morpho secured a major distribution channel when Coinbase introduced USDC lending powered by Morpho’s vault technology in September 2025. That partnership put Morpho’s infrastructure in front of Coinbase’s user base, funneling capital from retail and institutional users alike.
In June 2026, Morpho teamed up with Zama and Steakhouse Financial to launch the first confidential DeFi yield vaults. These allow users to make encrypted USDC deposits while still earning on-chain yield, a product designed for institutional investors who want DeFi returns without having their positions visible to anyone with a block explorer.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Japanese investment bank Mizuho reaffirmed its neutral stance on Circle Internet Group after the US Office of the Comptroller of the Currency granted final approval for Circle’s First National Digital Currency Bank. While the regulatory approval marks a significant step for Circle, Mizuho indicated that the move does not resolve key challenges facing the stablecoin issuer.
USDC faces declining market capitalizationMizuho analysts, led by Dan Dolev, highlighted Circle’s continuing struggle with the shrinking circulation of its USDC stablecoin. According to the team, USDC’s circulating supply dropped by approximately $7 billion from its March peak, settling near $74 billion in July, as redemptions outpaced new issuance. This marks the largest monthly contraction since 2022, reflecting broader market conditions and reduced demand for dollar-backed tokens.
The decline contributed to a limited rise in Circle’s share price. After gaining 5% on Friday amid news of the OCC approval, shares retreated 4.7% to $63.03 by Monday, erasing most of the initial gains. Mizuho maintained its neutral rating, noting that Circle’s core issues, such as stablecoin market dynamics and competitive risks, remain unresolved despite the regulatory breakthrough.
While Mizuho’s analysts acknowledged the OCC approval as a positive development, they questioned whether the market’s optimism accurately reflects underlying business challenges, particularly the stagnant growth trajectory of USDC amid market headwinds.
The wider stablecoin market also experienced its steepest monthly contraction in years during June, with overall on-chain liquidity falling as cryptocurrency prices hovered near 2026 lows.
Competition from consortium-backed stablecoinsCircle now faces intensified competition from new entrants, notably Open USD—a recently launched, GENIUS Act-compliant stablecoin backed by a consortium of over 140 financial technology companies. Major firms such as Mastercard, Stripe, and Coinbase have joined this initiative, which Mizuho believes could exert additional pressure on Circle’s market position.
The emergence of Open USD demonstrates industry efforts to create more secure, compliant, and widely accepted stablecoins. Mizuho suggested that as consortium-based stablecoins proliferate, the sector could become increasingly commoditized, making differentiation more difficult for individual issuers like Circle.
Mini dictionary: GENIUS Act, short for Guidelines for Ensuring the Neutral and Inclusive Use of Stablecoins, is a legislative framework in the US aimed at establishing standards for stablecoin issuance and oversight to ensure security, transparency, and regulatory compliance.
The entry of Open USD signals a more competitive environment for stablecoin issuers. Mizuho argued that Circle’s recently secured national trust bank charter may not be sufficient to maintain its competitive edge as the stablecoin landscape evolves.
StablecoinBackersKey FeaturesCirculating Supply
(July 2026)USDCCircleFully backed, transparent, long-time market presence~$74 billionOpen USDConsortium (Mastercard, Stripe, Coinbase, etc.)GENIUS Act-compliant, consortium-governedN/A (recently launched)Industry outlook and ongoing challengesCircle Internet Group, founded in 2013, is known primarily for its USDC stablecoin, which has become one of the top dollar-backed tokens in the industry. However, the recent competitive dynamics and ongoing market contraction point to growing challenges for standalone stablecoin providers.
Mizuho concluded that while regulatory progress is notable, investors should recognize the persistent risks posed by slowing growth, increased competition, and broader market volatility.
Mizuho’s report indicated that the stablecoin sector may be entering a transition phase, with new regulatory standards and product innovations shaping future competition and sustainability.
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.
WTI and Brent crude oil both rose more than 6% intraday, as Houthi militants in Yemen attacked a Saudi airport.
According to Bitget market data, both WTI and Brent crude oil prices rose more than 6% intraday. Reports say Yemen’s Houthi forces attacked a Saudi airport.
5 hours ago
The three major U.S. stock indexes fell across the board, with the Nasdaq Composite once dropping more than 1.3% and SanDisk’s stock plummeting over 12%.
According to Bit.com market data, U.S. stock markets continue to slump, with all three major indexes falling. The Nasdaq once dropped over 1.3%, led by tech stocks: SanDisk fell 12.28%, Western Digital and Seagate Technology both dropped more than 6%, Micron fell 5.53%, SK Hynix fell 7.6%, Intel fell over 6%, and SpaceX fell 4.36%. On the news front, Trump said he would immediately reimpose a blockade on Iran and impose a 20% fee on cargo shipments. Later, Federal Reserve Governor Waller stated that if the core inflation data released this week remains high, the Federal Reserve will need to consider raising interest rates in the near term. Waller noted that the recent rise in core inflation is a cause for concern, with tariffs, rising energy prices, and demand for AI investment being the main factors driving up inflation.
5 hours ago
Waller sets tone on Tuesday's CPI: Hot inflation will support near-term interest rate hikes.
Federal Reserve Governor Christopher Waller said Monday that the U.S. Federal Reserve may need to raise interest rates in the near term if future data shows inflation remains well above the 2% target, describing current monetary policy as being at a crossroads. Waller noted that the path forward will be determined by new data such as the CPI report to be released Tuesday, adding that if data trends turn unfavorable, the Fed is currently in a phase where it should not slack off. Waller stated: "At the current policy level, inflation still has a chance to gradually fall back to the 2% target. But I am equally concerned about the opposite scenario: data in the coming weeks will show inflation remaining at high levels or even continuing to rise, which would require tighter monetary policy in the near term." He specifically noted that he is concerned recent inflation reports show price pressures appear to be broadening across the economy, beyond the impacts of last year’s import tariff hikes or recent energy cost increases, which may reflect broader systemic inflation and would require tighter monetary policy. Waller added: "If this week’s core inflation rate comes in hot again, the Federal Open Market Committee (FOMC) will have to consider tightening monetary policy in the near term. It will take months of sustained lower inflation data to confirm that inflation is moving in the right direction." (Jinshi)
5 hours ago
Brent crude oil breaks through $80 per barrel, rising 5.35% on the day.
According to Bitget market data, Brent crude oil has broken through $80 per barrel, rising 5.35% intraday; WTI crude oil is up more than 5.7% on the day, currently trading at $75.45.
5 hours ago
Waller: If the AI bubble bursts or sees a sharp correction, financial conditions will undergo significant changes.
Fed Governor Christopher Waller said that if an AI-related asset bubble bursts or the market experiences a sharp correction, financial conditions will undergo "considerable changes." Waller noted he does not want the Federal Reserve to raise interest rates prematurely to avoid triggering a recession, but also emphasized that the Fed must not repeat the mistake of being slow to respond to inflation in 2021. He believes the current labor market remains stable, and there are "credible reasons" to expect inflation to continue falling without further policy tightening. However, Waller warned that relying solely on market expectations of inflation declining is insufficient to justify the Fed holding pat. If the Fed waits until market confidence fades to act, it may have to raise interest rates more aggressively to catch up with inflation. "We cannot afford to turn a blind eye to inflation until it is completely gone," he said.
The supply of non-USDC/USDT stablecoins on the Solana network has experienced a remarkable increase, growing approximately 15 times since January 2025, according to data from @tokenterminal. This escalation has brought the supply to $3.8 billion by mid-2026, although initial reports suggested a higher figure. The growth in alternative stablecoin supply reflects increased capital inflows and places Solana as a significant player in the stablecoin market, ranking third globally after Ethereum and TRON. The surge in stablecoin supply appears consistent with a broader trend of liquidity growth and network adoption.
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In response to these developments, market participants seem to be evaluating the potential impact on Solana’s native token, SOL. The current market pricing suggests a cautious outlook, with a 12.5% probability of SOL reaching $90 by the end of July 2026. The increase in non-USDC/USDT stablecoin supply may indicate growing liquidity and potential demand for SOL, influencing its price dynamics in the coming weeks.
Key Takeaways The non-USDC/USDT stablecoin supply on Solana appears to have grown significantly, suggesting increased network liquidity. Market pricing implies limited expectations for SOL to reach $90 by the end of July, with a 12.5% likelihood. The expansion in stablecoin supply may indicate enhanced capital inflows and adoption of the Solana network. What to Watch Watch for any further developments in Solana’s stablecoin ecosystem, as continued growth could influence SOL’s market dynamics. Key indicators include potential regulatory changes, technological upgrades, and shifts in broader market sentiment. Additionally, any announcements regarding new partnerships or projects on the Solana network could provide further insights into its growth trajectory and impact on SOL’s pricing.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 12.5% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 2.2% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.9% — — View market → August 1 2026 4% — — View market → August 1 2026 0.7% — — View market → August 1 2026 15% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 60% — — View market →
Dexcom G7 15 Day is the longest‑lasting and most accurate1-4 CGM system authorized by Health Canada, providing real-time glucose readings for an industry-leading 15.5 days5.
BURNABY, British Columbia--(BUSINESS WIRE)--Dexcom, Inc. (NASDAQ: DXCM), the global leader in glucose biosensing, announced today that Health Canada has authorized the Dexcom G7 15 Day Continuous Glucose Monitoring System (CGM) for people 18 years and older living with diabetes.
Dexcom G7 15 Day is the longest‑lasting and most accurate1-4 CGM system authorized by Health Canada, providing real‑time glucose readings for an industry‑leading 15.5 days5. Building on the performance of Dexcom CGM which is clinically proven to lower A1C and increase time in range6-10, Dexcom G7 15 Day sets a new standard in CGM technology that’s easy to use, painless to insert* and requires fewer sensor changes per month.
Diabetes is a complex and challenging condition that affects more than four million Canadians11 and requires around-the-clock management of glucose levels and decision‑making to manage safely.
“Small improvements can make a meaningful difference for people living with diabetes. Dexcom G7 15 Day reflects our ongoing commitment to simpler, more seamless diabetes management,” said André Côté, Vice President and General Manager, Dexcom Canada.
New with Dexcom G7 15 Day:
Longest lasting CGM system with 15.5 days of wear.5 Best-in-class accuracy with an overall MARD of 8.0%.1-4 Easier glucose management with fewer monthly sensor changes and reduced waste. Dexcom G7 features included with Dexcom G7 15 Day:
The only waterproof† CGMs available Direct to Apple Watch‡ connectivity, so you can leave your phone behind and still see your glucose numbers. 12-hour grace period to replace finished sensors for a more seamless transition between sessions. Innovative and simple mobile app with Dexcom Clarity integration to easily view glucose patterns, trends and statistics for meaningful conversations with your healthcare provider.§ Ability to remotely share glucose numbers with caregivers and loved ones for added support and peace of mind. ||,12 Customizable alert settings for improved discretion and personalized diabetes management. While authorized by Health Canada, Dexcom G7 15 Day is not yet available for purchase. André Côté shares, “Our focus is on ensuring that when the product becomes available, Canadians living with diabetes and their healthcare providers have the support, education, and experience they need from day one. We look forward to sharing more details as we move closer to availability.”
Visit Dexcom.com to get started with Dexcom G7 today, and register your details to opt in and receive information when Dexcom G7 15 Day becomes available.
About Dexcom
Dexcom empowers people to take control of health through innovative biosensing technology. Founded in 1999, Dexcom has pioneered and set the standard in continuous glucose monitoring for more than 25 years. Its technology has transformed how people manage diabetes and track their glucose, helping them feel more in control and live more confidently.
Dexcom. Discover what you’re made of. For more information, visit www.dexcom.com.
Category: IR
* 96% of patients reported mild/no pain.
† The Dexcom G7 Sensor is waterproof and may be submerged under eight feet of water for up to 24 hours without failure when properly installed.
‡ Smart devices sold separately. To view a list of compatible devices, visit dexcom.com/compatibility. Compatible smartphone is required to pair a new Dexcom G7 sensor with a compatible Apple Watch.
§ An internet connection is required for users to send their glucose data to Dexcom Clarity via a compatible smart device: dexcom.com/compatibility. Healthcare providers will only be able to view a patient’s glucose data if the patient elects to share it with them through Dexcom Clarity.
|| Separate Dexcom Follow app and internet connection required. Users should always confirm readings on the Dexcom G7 app or receiver before making treatment decisions.
1 Garg SK, et al. Diabetes Technol Ther. 2025;27(6):413-502.
2 Dexcom G7 15 Day User Guide.
3 FreeStyle Libre 3+ User Manual.
4 Medtronic Guardian Sensor User Guide.
5 Dexcom, Data on File, 2025.
6 Beck RW, et al. JAMA. 2017;317(4):371-378.
7 Beck RW, et al. Ann Intern Med. 2017;167(6):365-374.
8 Martens T, et al. JAMA. 2021;325(22):2262-2272.
9 Laffel LM, et al. JAMA. 2020;323(23):2388-2396.
10 Welsh JB, et al. J Diabetes Sci Technol. 2024;18(1):143-147.
11 Diabetes Canada. Diabetes in Canada. https://www.diabetes.ca/advocacy-policies/advocacy-reports/national-and-provincial-backgrounders/diabetes-in-canada. Accessed May 7, 2026.
OKLAHOMA CITY--(BUSINESS WIRE)--Paycom Software, Inc. (NYSE: PAYC) (“Paycom”), a leading provider of comprehensive, cloud-based human capital management software, is included for the second consecutive year on Selling Power's 60 Best Companies to Sell For list, which highlights companies with robust and elite sales programs. “At Paycom, we have built an environment where record-breaking performance is the expectation. The recognition in Selling Power's 60 Best Companies to Sell For list reflect.
July 13, 2026 17:48 ET | Source: Weatherford International, LLC
HOUSTON, July 13, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that it will hold Special Shareholder Meetings on September 3, 2026, to consider the Company's proposed redomestication from Ireland to Delaware. The definitive proxy statement for the meetings was filed with the U.S. Securities and Exchange Commission today and is being distributed to all shareholders.
The Weatherford Board of Directors unanimously recommends that shareholders vote FOR all proposals related to the proposed redomestication, which the Board believes will simplify the Company's organizational, statutory and regulatory structure while creating a more appropriate corporate framework to support Weatherford's long-term strategy. The expected financial benefits for Weatherford are estimated to be approximately $20 million to $30 million in annual cash savings beginning in 2027 if the redomestication and related corporate restructuring is completed in 2026. The Company views the redomestication transactions as a significant pillar in its continued improvement in adjusted free cash flow conversion.
Shareholders are reminded that new voting instructions are required for this meeting. Any votes submitted in connection with the Company's June 11, 2026, shareholder meetings will not be counted for the September 3 meetings.
To ensure your shares are voted, shareholders must complete and submit BOTH proxy cards, one for the Scheme Meeting and one for the Extraordinary General Meeting. Approval of the proposed redomestication requires shareholder approval at both meetings.
The definitive proxy statement contains important information regarding the proposed redomestication, voting procedures, and the proposals to be considered. Shareholders are encouraged to review the proxy materials carefully and vote as soon as possible.
Shareholders requiring assistance with voting their shares should contact Weatherford's proxy solicitor, Innisfree M&A Incorporated:
Shareholders may call (toll-free) (877) 750-8226Banks and brokers may call (212) 750-5833 Additional information, including the definitive proxy statement, is available through the SEC and the Company's investor relations website.
About Weatherford
Weatherford is a global energy services company that helps customers drill smarter, complete wells more effectively, and maximize production across the entire well lifecycle. With a differentiated portfolio of market-leading solutions, integrated technologies, and a broad global customer footprint across six continents, we blend advanced engineering, digital intelligence, and world-class field expertise to reduce risk, improve performance, and maximize the value of customer assets. Together, we elevate every operation, delivering stronger wells, sharper decisions, and better energy for the world. Visit weatherford.com for more information and connect with us on social media.
Forward-Looking Statements
This release, as well as other statements we make, include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not historical facts, including statements about Weatherford’s beliefs, plans, estimates, or expectations, are forward-looking statements. Forward-looking statements often use words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “plan,” “potential,” “should,” “target,” “will,” and other words of similar meaning. Such forward-looking statements include, but are not limited to, statements regarding the redomestication, that include, among other things, the anticipated timing and benefits of the redomestication, including the realization of additional cost savings and operational efficiencies, and statements relating to future financial performance and results and goals. These statements are based on current beliefs, plans, estimates, and expectations, all of which involve risk and uncertainty. Actual results may differ materially from those included in such forward-looking statements and therefore you should not place undue reliance on them.
The factors that could cause actual results to differ materially from current expectations include, but are not limited to, our ability to receive, in a timely manner and on satisfactory terms, required shareholder and court approval, and to satisfy the other conditions to the redomestication within the expected timeframe or at all; our ability to realize the expected benefits from the redomestication; the occurrence of difficulties in connection with the redomestication, including any costs related thereto; the risk that the redomestication disrupts current plans and operations; any changes in tax laws, tax treaties or tax regulations or the interpretation or enforcement thereof by the tax authorities in Ireland, the United States and other jurisdictions following the redomestication; and the future financial performance of Weatherford following the redomestication.
The foregoing factors are in addition to those other risks, uncertainties, and factors included in the “Risk Factors” section and elsewhere in Weatherford’s reports filed with the SEC, including annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, the proxy statement for the meetings, and other documents filed with the SEC. There may be other risks and uncertainties that we are not currently aware of or are unable to predict and which may also affect Weatherford’s forward-looking statements and may cause actual results and the timing of events to differ materially from those anticipated. The forward-looking statements made in this communication are made only as of the date hereof or as of the dates indicated in the forward-looking statements and Weatherford undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
Additional Information and Where to Find It
In connection with the Redomestication, Weatherford filed a definitive proxy statement with the SEC on July 13, 2026. Weatherford may also file other relevant documents with the SEC regarding the Redomestication. The definitive proxy statement is being mailed to shareholders of Weatherford. This communication is not a substitute for any proxy statement or any other document that is or may be filed with the SEC or sent to Weatherford’s shareholders in connection with the Redomestication.
INVESTORS AND SECURITY HOLDERS OF WEATHERFORD ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT WEATHERFORD AND THE REDOMESTICATION AND RELATED MATTERS.
Investors and security holders are and will be able to obtain free copies of the definitive proxy statement and other documents containing important information about Weatherford and the Redomestication through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by Weatherford are available free of charge on Weatherford’s website at www.weatherford.com.
Participants in the Solicitation
Weatherford and its directors, executive officers and other members of management and employees may, under the rules of the SEC, be deemed to be participants in the solicitation of proxies from Weatherford’s shareholders in connection with the Redomestication. Information about the directors and executive officers of Weatherford and their ownership of Weatherford’s securities is set forth in the definitive proxy statement relating to the Redomestication, which was filed with the SEC on July 13, 2026 https://www.sec.gov/Archives/edgar/data/1603923/000119312526302022/d136463ddef14a.htm. You may obtain free copies of these documents using the sources indicated above.
For Investors:
Luke Lemoine
Weatherford Investor Relations
+1 713-836-7777 [email protected]
For Media:
Kelley Hughes
Weatherford Communications, Marketing and Sustainability [email protected]
Your feed is full of Arista Networks screenshots. Green candles, giddy captions, someone’s cousin bragging about a 40% run. Arista Networks (NYSE:ANET | ANET Price Prediction) has become the poster child for the AI networking trade, and if you didn’t buy it, the FOMO is real.
Here’s the part nobody’s screenshotting: the Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) is up plenty over the same stretch. You didn’t need to pick the winner. You just needed exposure to the theme that made winners.
The Window and the Numbers From December 31, 2025 through July 10, 2026, Arista is up 42.68% on a price basis, climbing from $131.03 to $186.96. Over that identical window, AIQ returned 24.74%, moving from $50.86 to $63.44.
A quarter added to your money in a little over six months is the kind of return that makes financial planners smile. If you had put a chunk into AIQ on New Year’s Day and never checked the ticker, you would have participated in the same rising tide that lifted Arista, just spread across a basket of names.
What’s Actually Driving This The Arista story is the AI data center story. Q1 2026 revenue hit $2.71 billion, up 35.1% year over year, with product revenue jumping to $2.31 billion from $1.69 billion on AI networking demand. Non-GAAP EPS of $0.87 beat estimates of $0.81, marking a fourth straight EPS beat. CEO Jayshree Ullal framed it plainly: “We are uniquely positioned to deliver the mission-critical confluence of secure client-to-campus-to-cloud and AI networking.”
[anet_price_scenario]
Hyperscalers are wiring out AI clusters at a pace that has bent the entire compute supply chain. Switches, optics, accelerators, memory, foundry capacity, cloud platforms. Arista sits in one lane of that buildout. AIQ owns a broad slice of the whole road: a diversified basket of AI and technology names spanning U.S. and Asian markets, with $6.97 billion in net assets as of April 3, 2026. The theme is the driver. The stock is one expression of it.
The Trade-Off You Skipped Yes, Arista holders made more. 42.68% beats 24.74%. Nobody is arguing otherwise.
They also took on single-stock risk. Ask the folks who piled into Super Micro Computer during its 2024 AI ascent, then watched auditor resignations and delayed filings gut the stock within months. Same theme, same tailwind, wildly different outcome. Arista also carries a rich valuation: a trailing P/E near 62 and a forward P/E around 46 leaves little room for a stumble. Insider activity has skewed toward selling across 205 recent transactions, which is worth noting even if the analyst desk stays firmly bullish with 30 buy or strong-buy ratings and zero holds or sells.
[anet_analyst_ratings]
AIQ spreads that concentration risk across a global basket of AI-linked names, with its top 10 positions capped in the mid single digits each and no single holding above 4.5%. It charges a 0.68% expense ratio. You gave up the top of the trade to skip the bottom of it.
Process Over Prediction Chasing hot tickers is stock-picking with extra regret. If you nail it, you’re a genius on the group chat. If you don’t, you’re refreshing an earnings page at 4:05 p.m. wondering whether guidance just wrecked the thesis you barely understood.
Owning the theme is a different game. You accept that some names in the basket will outrun the index, some will lag, and a few will blow up. The bet is on the direction of the whole thing: that AI infrastructure spending keeps flowing, that networking, semis, cloud, and software all draft off the same wave. Analysts project AI-related revenue growth at roughly a 35% CAGR through 2029, and Arista’s Q2 guide of around $2.80 billion in revenue suggests the buildout isn’t slowing this quarter.
You didn’t buy Arista. Fine. The trade was AI networking, and there was more than one door into that room.
Contact [email protected] for any questions or corrections.
The crypto market never sits idle, and this week is proof of that. The Ethereum price prediction looks cautiously optimistic near $1,752, with a break above $1,843 seen as the trigger toward $2,000. The Zcash price tells a similar story, sitting between $460 and $480 as it approaches the critical $490 resistance level that could decide its next major swing.
Away from the charts, one project is pulling in users with utility: BlockDAG! Its casino has already amassed over $150 million in wagers, and the network is rolling out an upgrade aimed at pushing network speeds to 7,000 TPS in the coming days.
On top of this, it just made entry cheaper than ever with the EARLY code, which is handing early buyers 100% extra BDAG on every purchase. Let’s break down their outlook and decide which of the three is the best crypto to buy now.
Ethereum Price Prediction: ETH Targets $2,000 The Ethereum price prediction remains cautiously optimistic despite recent weakness, with ETH trading around $1,752 after touching $1,828. Fresh buying interest is returning as spot Ethereum ETFs recorded $26.9 million in inflows, extending a four-day streak that has brought total inflows to roughly $90 million.
These funds now oversee more than $9.5 billion in assets. Market sentiment is also improving, with the Crypto Fear and Greed Index rising from 15 to 27, while Ethereum futures open interest has climbed from $22 billion to over $25 billion, reflecting stronger market participation.
From a technical perspective, the Ethereum price prediction is supported by a bullish double-bottom pattern. If ETH breaks above the key $1,843 resistance level, analysts believe it could gain momentum and target the psychological $2,000 mark, although market volatility remains a key risk.
Zcash Price Moves Toward $490 Resistance The Zcash price is approaching an important resistance level near $490, where many traders believe the next major move will be decided. Some analysts expect the Zcash price to climb toward higher Fibonacci targets if it breaks above this barrier, as the token has already reclaimed key support levels and recently traded between $460 and $480 after gaining around 12% to 16% earlier this month.
Another positive factor is that 80% of Zcash’s fixed 21 million coin supply has now been mined, reinforcing its long-term scarcity narrative. However, some analysts remain cautious, warning that ZEC could still face a sharp rejection near $490 due to bearish chart patterns. Overall, the longer-term trend remains constructive, but traders are looking for a confirmed breakout before becoming more confident about the next upward move.
Why Buyers Are Rushing to Secure BlockDAG’s 100% Bonus! Most platforms take years to build real adoption, so it says something that BlockDAG’s casino already has 13,000+ users, over $15 million deposited, and $150 million wagered in its first 30 days. Numbers like that don’t happen on a weak network, and that’s precisely the point.
Every one of those transactions runs on BlockDAG’s DAG-based architecture, which allows both high-speed payments and smart contract functionality to operate on a single platform. This is something most legacy chains still can’t manage. Plus, an upgrade to 7,000 TPS is rolling out in the next few days, giving the network more room to handle demand across gaming, payments, lending, and stablecoins as usage keeps climbing.
The technology isn’t the only thing accelerating either; a series of new launches is pulling buyers in fast. BDAG AI just went live, adding an estimated $500 million to the project’s valuation. Right behind it, pre-registration for the BlockDAG X exchange has opened, with spot trading, futures, and dedicated apps set to arrive in just 14 days. Then there’s the Super App, landing on August 20 and expanding utility further!
What ties it all together is timing. Despite everything happening at once, entry remains remarkably cheap: BDAG is priced at $0.00000033, the buyback price sits at $0.03, and the new EARLY code adds 100% extra BDAG on every purchase. The return potential between the entry price and the buyback price is massive, and it soars when you factor in the free coins from the bonus.
Essentially, real usage, real technology, and a heavily discounted entry point rarely overlap this cleanly, which is exactly why those seeking the best crypto to buy now are rushing to join today.
Which Is The Best Crypto to Buy Now? Both charts still leave room for debate. The Ethereum price prediction stays tied to that $1,843 ceiling, and a clean break could open the door to $2,000, while the Zcash price needs to clear $490 before bulls can talk about the next leg toward higher Fibonacci targets. Until then, patience remains the name of the game for holders of both.
BlockDAG, though, isn’t waiting around. With 13,000+ users already active on its casino and a 7,000 TPS upgrade in the works, the network has backed up its hype with real numbers.
Plus, when you consider the BDAG AI launch, worth an estimated $500 million, BlockDAG X, and a Super App landing soon, it’s easy to see why entry at $0.00000033 with the EARLY bonus stands out. For anyone still hunting the best crypto to buy now, this is the one moving fastest.
July 13, 2026 16:15 ET | Source: Par Pacific Holdings, Inc.
HOUSTON, July 13, 2026 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific”) today announced that it will release its second quarter 2026 results after the New York Stock Exchange closes on Tuesday, August 4, 2026. This release will be followed by a conference call for investors on Wednesday, August 5, 2026, at 9:00 a.m. Central Time (10:00 a.m. Eastern). The full text of the release will be available on Par Pacific’s website at http://www.parpacific.com.
Par Pacific Second Quarter 2026 Earnings Conference Call
Wednesday, August 5, 2026
9:00 a.m. Central time (10:00 a.m. Eastern)
Dial-in number: 1-800-715-9871 (toll free) or 1-646-307-1963 (toll)
Individuals who would like to participate should dial the applicable dial-in number at least 10 minutes before the scheduled conference call time.
To access the live audio webcast and related presentation materials, please visit the Investors section of Par Pacific's website at http://www.parpacific.com.
A replay will be available shortly after the call and can be accessed by dialing 1-800-770-2030 (toll-free) or 1-609-800-9909 (toll). The passcode for the replay is 5483514. The replay will be available until August 19, 2026.
About Par Pacific
Par Pacific Holdings, Inc. (NYSE: PARR), headquartered in Houston, Texas, is a growing energy company providing both renewable and conventional fuels to the western United States. Par Pacific owns and operates 219,000 bpd of combined refining capacity across four locations in Hawaii, the Pacific Northwest and the Rockies, and an extensive energy infrastructure network, including 13 million barrels of storage, and marine, rail, rack, and pipeline assets. In addition, Par Pacific operates the Hele retail brand in Hawaii and the “nomnom” convenience store chain in the Pacific Northwest. Par Pacific also owns 46% of Laramie Energy, LLC, a natural gas production company with operations and assets concentrated in Western Colorado. More information is available at www.parpacific.com.
SAN FRANCISCO, July 13, 2026 (GLOBE NEWSWIRE) -- Hagens Berman (HBSS), a securities litigation leader, is broadening its investigation into Verra Mobility Corp. (NASDAQ: VRRM) following the company's disclosure of an abrupt leadership transition. The news comes in the wake of a securities action suit stemming from the catastrophic loss of a major contract.
VRRM Investors Submit Your Losses Now to HBSS
Class Period: Feb. 24, 2026 – May 26, 2026
Lead Plaintiff Deadline: Aug. 4, 2026
Visit: www.hbsslaw.com/investor-fraud/vrrm
Contact the Firm Now: [email protected] | 844-916-0895
Leadership Vacuum
On June 1, 2026, Verra Mobility announced that long-time CEO David Roberts has abruptly stepped down, ending a 12-year tenure. This departure follows a volatile period for the company, initiated by the unexpected termination of a key contract with Avis Budget Group—a move that wiped out approximately $1.4 billion in shareholder value.
The Board of Directors has appointed former Chief Transformation and Legal Officer Jon Keyser as interim President and CEO while retaining a global search firm for a permanent replacement. Hagens Berman is investigating whether the departure is causally related to the allegations in the securities class action suit.
Verra Mobility Corporation (VRRM) Securities Class Action:
The complaint alleges Verra made false and misleading statements and did not disclose important information to investors about the true state of the Verra/Avis relationship and the likelihood of Verra receiving an Avis contract renewal.
The truth allegedly emerged on May 26, 2026, when Verra disclosed that it received a termination notice effective September 2026 from Avis regarding the companies’ contract, that it is taking immediate actions to cut costs, adapt operations, and reposition its business, and revised its 2026 outlook that significantly deviated from that given just twenty days prior.
Verra also revealed that it was reviewing the parties’ negotiations and handling of confidential information.
The news promptly sent the price of Verra shares 70% crashing lower on May 27, 2026, amputating $1.4 billion from the company’s market capitalization in a single day.
View our latest video summary of the allegations: youtu.be/FVEw5XACoGA
“Our investigation is focused on the extent to which and when Verra and its executives knew that renegotiations with Avis were far from constructive, as the May 26 surprise reveals,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.
If you invested in Verra 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 other frequently asked questions about the Verra case and the firm’s investigation, read more.
Whistleblowers: Persons with non-public information regarding Verra 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.
New York, New York--(Newsfile Corp. - July 13, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Calix, Inc. (NYSE: CALX) between January 28, 2026 and April 21, 2026, inclusive (the "Class Period"), of the important July 27, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Calix 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 Calix class action, go to https://rosenlegal.com/cases/calix-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 27, 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, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Calix's first quarter margins had significantly benefited from advanced purchasing of memory components; (2) Calix's advanced supply of memory components was dwindling; (3) as a result, Calix was experiencing negative margin pressure as it was forced to purchase memory components at rising market prices; and (4) as a result of the foregoing, defendants' positive statements about Calix's margins, business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Calix class action, go to https://rosenlegal.com/cases/calix-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.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305005
Source: The Rosen Law Firm PA
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ARLINGTON, Va., July 13, 2026 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. ("Fluence") (NASDAQ: FLNC), a global market leader delivering intelligent energy storage systems, services, and asset optimization software, today announced an agreement with Avantus to provide its advanced Smartstack™ energy storage solution and turnkey Engineering, Procurement, and Construction (EPC) services for the Rexford 2 project.
Located in Tulare County, California, Rexford 2 will include a 200 MW / 800 MWh battery energy storage system paired with a solar facility. Once operational, the project is expected to deliver firm, on-demand capacity to the California grid, enough to power 84,000 Southern California homes with clean, reliable energy.
Fluence will deploy its 4-hour duration Smartstack system incorporating U.S. domestic content. The system will utilize Fluence’s network of partner manufacturing facilities in states including Utah, South Carolina, and Texas, where key components such as battery cells, modules, enclosures, and thermal management systems are produced. By drawing on this U.S.-based manufacturing network, the project will support the continued advancement of domestically produced energy storage technology.
“Delivering a project of this magnitude requires deep expertise to help ensure long-term performance. By combining our end-to-end EPC capabilities with our advanced, U.S.-built Smartstack solution, we are streamlining deployment for Avantus,” said John Zahurancik, Chief Customer Success Officer at Fluence. “We are proud to leverage our proven track record to build a highly reliable and flexible power foundation for California’s energy future.”
“Providing affordable, reliable clean energy solutions at scale requires the right partners. Our work with Fluence on Rexford 2 will strengthen the grid, build domestic supply chains, and bring much-needed energy capacity to California,” said Tony Frontino, Executive Vice President of Strategic Sourcing and Asset Management at Avantus.
Rexford 2 is expected to create more than 500 union jobs at peak construction, in addition to permanent local operations roles. The project is projected to generate hundreds of millions of dollars in local tax revenue for Tulare County, supporting public services and infrastructure. Additionally, Rexford 2 will be constructed on previously disturbed land, minimizing environmental impacts.
Construction is expected to begin in 2027, and the project is targeted to reach commercial operation in late 2028.
About Fluence
Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The company's solutions and operational services are helping to create a more resilient grid, from powering the next generation of AI-driven data centers to unlocking the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed, and under management across nearly 50 markets, the company is transforming the way we power our world for a more sustainable future.
For more information, visit our website, or follow us on LinkedIn or X. To stay up to date on the latest industry insights, sign up for Fluence's Full Potential Blog.
Cautionary Note Regarding Forward-Looking Statements
The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the anticipated operational performance of the Rexford 2 project, including capacity, projected construction and commercial operation timelines, expected impact of these projects on the local economy, including local labor force, tax revenue, public services and infrastructure, and environment, de-risking expectations, and statements regarding beliefs, assumptions, prospects, plans, and objectives of management. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as "may," "possible," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "commits", "believes," "estimates," "predicts," "potential," or "continue," or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, severe weather events impacting the project and timelines, changes to the regulatory environment in the United States and/or California, general economic conditions, the potential for political, social, or economic unrest, terrorism, hostilities or war, unforeseen circumstances outside of Fluence’s control which may cause the energy storage system to not perform as anticipated, and such factors set forth under Item 1A."Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025, filed with the Securities and Exchange Commission ("SEC") on November 29 2025, and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.
Media Contact
Shayla Ebsen, Director of Communications
Email: [email protected]
Analyst Contact
Chris Shelton, Vice President of Finance, GID, and IR
Email: [email protected]
The privacy coins are once again making headlines amid renewed pressures from Chinese legal researchers. The impact is also visible with the declining prices of Zcash (ZEC) and Monero (XMR), among others, signaling the waning risk-bet appetite of investors.
Meanwhile, the latest development stems from a research article published on the website of China’s Supreme People’s Procuratorate. The report recommends treating privacy coins and crypto mixers as potential indicators of money laundering activity, adding another layer of uncertainty for the sector.
Privacy Coins Face Fresh Scrutiny in Chinese Legal Research Report The research paper on the website argues that digital assets have created new challenges for law enforcement because of their decentralized, anonymous, and borderless nature. While blockchain technology improves transaction efficiency, the report says these same features can also make it easier for criminals to move illicit funds across jurisdictions.
According to the translated document, prosecutors should consider the use of crypto mixers, privacy coins, and unusually large or irregular transactions as possible warning signs when investigating suspected money laundering cases. The paper also recommends stronger use of blockchain-based evidence and standardized procedures for handling seized digital assets.
Although the article does not introduce a new law, it reflects the direction legal experts believe authorities should take. Market participants often view such recommendations as an indication of stricter enforcement ahead, especially in a country that already maintains a restrictive stance on crypto-related activities.
Notably, this report also follows a similar development in Dubai earlier this year. For context, Dubai has previously banned privacy coins over AML and sanction concerns in January this year.
Zcash & Monero Prices Slip Amid Renewed Pressure The overall market cap of the privacy coins segment fell more than 2% to $50.41 billion, led by the dip in Zcash and Monero prices. As of writing, Zcash price was down more than 4% to $504.21, while the Monero or XMR price fell 2% to $322.5.
The latest dip also suggests that the report by the Chinese legal researchers has spooked investors over its potential impact on the privacy coins. However, it’s worth noting that investors are also keeping close track of the Zcash price prediction, amid the much-anticipated Ironwood upgrade, which will roll out on July 28 this year.
Meanwhile, privacy coins have historically attracted users seeking enhanced transaction confidentiality. Despite that, regulatory attention continues to weigh on their long-term outlook. For investors, the latest developments reinforce the importance of monitoring regulatory trends alongside price movements.
However, as global financial regulators make anonymous spending increasingly difficult, privacy-conscious users are carefully tracking the availability of any functional no-KYC crypto card option still active in the market.
Decred [DCR] surged 24.03% over the past 24 hours at press time and attracted renewed market attention after buyers returned aggressively. Daily trading volume jumped 400.65% to roughly $8.3 million, while market capitalization climbed 24.07% to $242.93 million.
Those gains reflected stronger participation rather than isolated buying activity. Investors also returned after DCR spent months trading inside a persistent downtrend. As a result, the rally shifted market sentiment and placed the token among the strongest performers during the session.
Even so, higher trading activity alone did not confirm that buyers had gained complete control. Instead, the rapid expansion in volume suggested the market had entered a decisive phase where both buyers and sellers actively competed for direction.
Selling pressure lingered beneath the rally Despite the impressive price recovery, spot market positioning painted a more balanced picture.
The 90-day Spot Taker Cumulative Volume Delta remained seller-dominant, indicating market sell orders continued to exceed aggressive buy orders throughout the broader period. Such a reading highlighted that sellers still entered positions even as the price advanced sharply. However, buyers absorbed much of that supply instead of allowing the rally to reverse immediately.
Such behavior often reflected improving demand because sustained buying managed to offset continuous selling pressure. Even so, the indicator showed that bullish conviction had not become one-sided. If aggressive selling continues to increase near higher price levels, DCR could face stronger resistance before extending its recovery.
Source: CryptoQuant Large orders hinted at stronger market conviction Spot Average Order Size showed the appearance of big whale orders during the rally, revealing that larger participants had become increasingly active. This development aligned with the sharp increase in trading volume instead of contradicting it.
Larger transactions generally reflected stronger capital deployment than retail-driven activity. Although the indicator did not reveal whether every order represented buying or selling, it confirmed institutional-scale participation had increased.
Such participation often carried greater influence over short-term price direction because larger orders absorbed liquidity more efficiently. As interest from bigger players expanded, Decred attracted broader market attention.
Even so, continued participation from these traders would remain necessary if buyers intend to sustain the recent advance.
Source: CryptoQuant Channel breakout shifted DCR’s technical outlook DCR broke above its multi-month descending channel after spending several months respecting lower highs and lower lows. The breakout marked the first decisive violation of the bearish structure visible on the daily chart. Price also rebounded strongly from support near $10.67 before climbing toward the next major resistance at $16.68.
Meanwhile, the Relative Strength Index reached 73.74 as of writing, placing the indicator inside the overbought territory after a sharp rise from neutral conditions. Such readings typically indicate exceptionally strong buying activity, but they also warn of potential short-term exhaustion.
Even so, the breakout remained technically significant because the price closed above the descending channel rather than rejecting from its upper boundary. If buyers defend the breakout zone, DCR could challenge $16.68. Otherwise, profit-taking could trigger a healthy pullback before another attempt higher.
Source: TradingView Decred’s breakout significantly improved its technical structure after months of sustained weakness.
Rising volume and increased whale-sized orders supported that shift, although seller dominance within Spot Taker CVD showed supply had not disappeared.
If buyers continue absorbing aggressive selling, DCR could reclaim $16.68 and strengthen the recovery. Otherwise, persistent selling pressure near resistance could slow the advance before the next directional move develops.
Final Summary Decred broke its long-term downtrend while rising volume reflected renewed market participation. Seller pressure persisted, yet buyers absorbed supply as DCR approached key resistance near $16.68.
, /PRNewswire/ -- ONE Gas, Inc. (NYSE: OGS) has appointed Nickolas Stavropoulos to its board of directors, effective July 13, 2026, expanding its board from eight to nine members.
Stavropoulos, 68, is the retired chief operating officer for Pacific Gas & Electric (PG&E) and National Grid, and the former chief financial officer of Colonial Gas Company. He has over 40 years of experience in the energy industry, as well as detailed knowledge of the U.S. natural gas industry.
"Nick brings extensive knowledge and experience to our board," said Deborah A.P. Hersman, ONE Gas chair of the Board. "His operational and safety expertise and proven leadership capabilities will greatly benefit our board, shareholders and other stakeholders."
Stavropoulos has well-rounded experience working in safety, utility operations, information technology, regulatory affairs, strategic planning, supply chain, finance, sales, business development and marketing. During his time with PG&E, he led a multi-billion dollar recovery and restoration effort to enhance PG&E's natural gas system. He has been a strong advocate for improving safety measures for workers and the public.
Stavropoulos holds a Bachelor of Science degree in accounting from Bentley University and a Master of Business Administration from Babson College and has completed executive education certificates from Harvard and MIT. He has served on multiple public company and not-for-profit boards over his career. He currently serves on the board of directors of Ameresco.
About ONE Gas, Inc.
ONE Gas, Inc. (NYSE: OGS) is a 100-percent regulated natural gas utility, and trades on the New York Stock Exchange and the NYSE Texas under the symbol "OGS." ONE Gas is included in the S&P MidCap 400 Index and is one of the largest natural gas utilities in the United States.
Headquartered in Tulsa, Oklahoma, ONE Gas provides a reliable and affordable energy choice to more than 2.3 million customers in Kansas, Oklahoma and Texas. Its divisions include Kansas Gas Service, the largest natural gas distributor in Kansas; Oklahoma Natural Gas, the largest in Oklahoma; and Texas Gas Service, the third largest in Texas, in terms of customers.
For more information and the latest news about ONE Gas, visit onegas.com and follow its social channels: @ONEGas, Facebook, LinkedIn and YouTube.
Papa John's International Inc (NASDAQ:PZZA) was downgraded to 'Underperform' from 'Neutral' by Bank of America, with analysts citing the company's chief financial officer's departure, persistent competitive pressures and a less optimistic outlook for same-store sales growth (SSSG).
The brokerage lowered its price objective to $34 from $42, in line with current levels, and reduced its earnings forecasts, writing that former CFO Ravi Thanawala's departure "suggests rapid SSSG turn unlikely."
"While former CFO Ravi Thanawala's departure for AEO will allow him to return to his previous industry, we think it's unlikely he would have left his post after less than three years if he believed a sharp turnaround were imminent," the analysts wrote.
"In addition, the disruption that comes with management turnover - particularly at a time when Papa John's is trying to execute a turnaround - may translate into less earnings predictability."
Bank of America also pointed to heightened competition in the pizza segment, arguing that larger operators continue to benefit from greater scale.
The analysts noted that Papa John's reported negative first-quarter 2026 same-store sales growth despite easier year-over-year comparisons, while Domino's Pizza outperformed. They said Domino's larger domestic system sales base provides lower costs and stronger unit economics, supporting investments in customer experience and value.
The firm estimates Domino's average co-op restaurant EBITDA at about $200,000 compared with approximately $140,000 for Papa John's, adding that the difference in franchisee cash flow is likely proportionate.
Bank of America lowered its second quarter North American same-store sales growth forecast to negative 6.7% from negative 6.4%, while reducing its international same-store sales growth estimate to 2.5% from 3.5%. Its adjusted EBITDA forecast was cut to $199 million from $204 million, compared with the company's full-year guidance range of $200 million to $210 million.
The analysts believe that competitive intensity increased further during the second quarter and that high-frequency data indicated Papa John's sales growth remained largely unchanged despite the launch of a Toy Story 5 promotional tie-in in late May.
Explaining the valuation change, Bank of America wrote that it lowered its price objective by applying a lower earnings multiple, while noting valuation multiples across the limited-service restaurant sector have compressed.
The analysts added that the recent sale of Yum Brands' Pizza Hut business also suggests limited upside for Papa John's valuation, concluding they see more near-term upside opportunities elsewhere.
Papa John's International Inc (NASDAQ:PZZA) was downgraded to 'Underperform' from 'Neutral' by Bank of America, with analysts citing the company's chief financial officer's departure, persistent competitive pressures and a less optimistic outlook for same-store sales growth (SSSG).
The brokerage lowered its price objective to $34 from $42, in line with current levels, and reduced its earnings forecasts, writing that former CFO Ravi Thanawala's departure "suggests rapid SSSG turn unlikely."
"While former CFO Ravi Thanawala's departure for AEO will allow him to return to his previous industry, we think it's unlikely he would have left his post after less than three years if he believed a sharp turnaround were imminent," the analysts wrote.
"In addition, the disruption that comes with management turnover - particularly at a time when Papa John's is trying to execute a turnaround - may translate into less earnings predictability."
Bank of America also pointed to heightened competition in the pizza segment, arguing that larger operators continue to benefit from greater scale.
The analysts noted that Papa John's reported negative first-quarter 2026 same-store sales growth despite easier year-over-year comparisons, while Domino's Pizza outperformed. They said Domino's larger domestic system sales base provides lower costs and stronger unit economics, supporting investments in customer experience and value.
The firm estimates Domino's average co-op restaurant EBITDA at about $200,000 compared with approximately $140,000 for Papa John's, adding that the difference in franchisee cash flow is likely proportionate.
Bank of America lowered its second quarter North American same-store sales growth forecast to negative 6.7% from negative 6.4%, while reducing its international same-store sales growth estimate to 2.5% from 3.5%. Its adjusted EBITDA forecast was cut to $199 million from $204 million, compared with the company's full-year guidance range of $200 million to $210 million.
The analysts believe that competitive intensity increased further during the second quarter and that high-frequency data indicated Papa John's sales growth remained largely unchanged despite the launch of a Toy Story 5 promotional tie-in in late May.
Explaining the valuation change, Bank of America wrote that it lowered its price objective by applying a lower earnings multiple, while noting valuation multiples across the limited-service restaurant sector have compressed.
The analysts added that the recent sale of Yum Brands' Pizza Hut business also suggests limited upside for Papa John's valuation, concluding they see more near-term upside opportunities elsewhere.
The shared currency begins the week on a lower note, down 0.31% as risk aversion fueled flows towards the US Dollar amid heightened tensions in the Middle East. Also, hawkish comments by a Fed official underpinned US Treasury yields, suggesting markets expect the US central bank to raise rates. The EUR/USD trades at 1.1379 after reaching a high of 1.1445.
EUR/USD falls as Oil shock revives Fed tightening fearsThe strength of the US Dollar is the main reason the Euro is being battered. The positive correlation between the Greenback and Oil prices suggests that a rally in crude prices triggers a flight to safety in the foreign exchange market. Why? Because high energy prices fuel speculation that major central banks — including the Federal Reserve- might need to raise interest rates.
Alongside the challenging geopolitical environment, Fed Governor Christopher Waller noted that a high core inflation reading would prompt immediate consideration of a rate hike. Although he maintains a hawkish stance, he believes it's plausible inflation could hit the 2% target without increasing rates and mentioned that the labor market is nearer to the Fed’s maximum employment objective.
This triggered a jump in US Treasury yields, with the US 10-year T-note surging 6 basis points to 4.624%, indicating that investors are preparing for an imminent rate hike by the Fed.
Consequently, the US Dollar Index (DXY), which measures the value of the American currency against six other currencies, is up 0.32% at 101.28.
Money markets are pricing in nearly 42 basis points of Federal Reserve tightening, according to Prime Terminal data.
Source: Prime TerminalBreaking news revealed that US CENTCOM announced at 16:45 ET that it began launching a third consecutive night of strikes against Iran. Iranian media reported that explosions were heard in Bandar Abbas and revealed that Iran’s army targeted US military facilities in Kuwait and a “hostile” US vessel with cruise missiles.
The US economic docket will feature the release of crucial US inflation data and the testimony of Fed Chair Kevin Warsh before the US Congress. Across the pond, the Eurozone schedule ill feature a speech by the European Central Bank (ECB) President Christine Lagarde.
EUR/USD Price Forecast: Technical outlook
EUR/USD daily chartIn the daily chart, EUR/USD trades at 1.1385, keeping a bearish near-term bias as the pair holds beneath the clustered 50-, 100- and 200-day Simple Moving Average (SMA) around 1.1554 and within a downward parallel channel. The Relative Strength Index (RSI) at about 37 stays in bearish territory, suggesting downside pressure persists while the price remains capped by the channel structure and the descending trend-line that was previously broken near 1.1600.
On the topside, initial resistance is seen near 1.1422, where the lower boundary of the current downward channel now sits above spot, followed by the grouped daily SMAs around 1.1554, which reinforce the broader cap. Further up, the channel top near 1.1596 and the prior trend-line break area at 1.1600 form a dense resistance band ahead of the horizontal barrier at 1.1849, while the absence of clearly defined support below the market leaves EUR/USD vulnerable to further weakness if selling resumes.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Euro FAQs The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.
Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.
Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
Japanese yen volatility has returned as traders unwind record short positions ahead of US CPI. With USD/JPY testing major resistance below 163 and intervention risks lingering, futures positioning suggests gains may become harder to come by. Here are the key USD/JPY and AUD/JPY trade setups to watch.
View related analysis:
Yen Bears Capitulate, US Dollar Nearing Sentiment Extreme? | COT report Australian Dollar Outlook: AUD/USD Bounce Losing Steam Ahead of US CPI Gold Price Outlook: Bulls Weigh the Odds of Another Bounce Above $4,000 How to Read the COT Report to Track Forex Market Sentiment Japanese Yen Short Covering Puts USD/JPY at a Critical Juncture Japanese Yen Volatility Returns Ahead of US CPI Volatility has perked up for the Japanese yen over the past few weeks, and it has cut both ways. A market-led selloff heading into the 2 July non-farm payrolls (NFP) report saw USD/JPY fall by as much as 200 pips before recouping those losses over the following four days. On Friday, USD/JPY fell more than 100 pips on reports that Japan's largest pension fund had been instructed to purchase domestic assets.
This is quite a significant development because it suggests Japan is exploring alternative ways of supporting the yen besides traditional currency intervention. It could prove a shrewd approach, allowing policymakers to avoid swimming against the tide while the Federal Reserve maintains a hawkish stance and US economic data continues to outperform.
Source: ICE, TradingView
Yen Gains May Be Harder to Come By I think the bigger takeaway is that easy gains on USD/JPY may be harder to come by, but that is not the same as saying the pair cannot move higher. The combination of traders remaining wary of potential intervention, alongside efforts to support the yen without directly intervening, could allow USD/JPY to grind higher while keeping volatility elevated. Put another way, the broader uptrend may remain intact, but traders should expect more frequent bouts of two-way price action.
With USD/JPY testing resistance ahead of today's US inflation report, traders are on high alert for either a bullish breakout or a sharp reversal. Markets continue to price in a hawkish Fed, so it may not take much of a downside CPI surprise to shake the market from these elevated levels, particularly as Japanese yen bears continue to capitulate in the futures market.
Japanese Yen Futures Positioning: USD/JPY COT Report I have been warning for several weeks about the potential sentiment extreme in Japanese yen futures. Gross short positions had climbed to record highs among both asset managers and large speculators, while long positions also edged higher despite the yen's persistent downtrend (USD/JPY uptrend). That pushed net-short exposure close to two-year highs for both groups of traders.
However, the latest Commitment of Traders (COT) report showed a clear reduction in bearish positioning last week. Gross short exposure was cut by a combined 48.8k contracts across both trader groups, falling 11.6% among large speculators and 12.7% among asset managers. Long positions increased only marginally, making this a story of short covering rather than fresh bullish conviction.
The conditions are not yet in place for a sustained yen rally, but if bearish traders continue heading for the exit, gains on USD/JPY may become harder to come by than they have been over recent months.
Source: CFTC (COT), CME, LSEG
USD/JPY Technical Analysis: US Dollar vs Japanese Yen The 1-hour chart shows a decent uptrend from Monday's low. Prices are testing the weekly R1 pivot point while remaining above their daily, weekly and monthly VWAPs. We could see an early breakout attempt during today's session towards the cycle highs, although traders should note the July VPOC at 162.69, which aligns with last week's high and could provide resistance.
Bulls may also want to tread carefully around the cycle highs and take note of the pre-NFP price action, as it could trigger another pre-emptive pullback. Even so, several support levels are clustered around 162, including the 2024 high, the weekly pivot point and Monday's VPOC.
It could then come down to the US inflation report to determine whether we see a meaningful breakout or a deeper pullback. While a hot CPI report could tempt bulls to push above 163, I suspect the bigger move may come from a softer-than-expected print. That could see USD/JPY rotate lower within its recent choppy range between 160 and 162.50.
Ultimately, I suspect CPI will need to surprise decisively to the upside for any breakout above 163 to prove sustainable.
Source: ICE, TradingView
This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of FOREX.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com
AUD/JPY Technical Analysis: Australian Dollar vs Japanese Yen Compared with USD/JPY, volatility remains lower on AUD/JPY. Yet it has caught my attention because it presents several clusters of support and resistance that could provide attractive trading setups. It also partially removes some of the event risk associated with the US inflation report.
The daily chart shows prices oscillating between the 50-day and 100-day EMAs. Momentum has turned slightly lower from last week's high and monthly pivot point, while Monday's shooting star signals a failed attempt to retest Friday's doji high.
Even if prices spike above last week's high, the June VPOC sits at 113.09 and could provide resistance, followed by the May VPOC at 113.48. While 112 may offer initial support, a break below that level brings the 100-day EMA into focus, near the Ministry of Finance (MOF) intervention low.
NEW YORK, July 13, 2026 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP encourages investors who suffered losses in Badger Meter, Inc. (NYSE: BMI) to contact the firm. Those who purchased BMI securities between April 18, 2024 and April 16, 2026 may be entitled to recover damages. Find out if you are eligible to recover losses or contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.
BMI shares declined more than 24%, losing $36.75 per share, following the final corrective disclosure on April 17, 2026. The lead plaintiff deadline is August 3, 2026.
April 18, 2024 — "Record" Results Attributed to "Ongoing Favorable Industry Fundamentals"
Badger Meter opened the Class Period by reporting 1Q 2024 results, including total sales 23% higher year-over-year. Management described "robust customer demand" and a "long runway" for growth, the lawsuit contends.
July 19, 2024 — "Customer-Accelerated Backlog Conversion" Touted
The Company reported 2Q 2024 results with sales again up 23% year-over-year. Management attributed performance to "underlying secular growth drivers" and "an encouraging opportunity funnel," as alleged in the complaint.
January 31, 2025 — "Robust Demand Environment" Emphasized
Badger Meter reported 4Q and full-year 2024 results. The filing states management described a "track record of differentiated performance" and "robust adoption rates" for cellular AMI solutions while guiding to high single-digit average top line growth.
April 17, 2025 — Pull-Forward Concerns Dismissed
When analysts directly asked whether customers had pulled forward orders, as set forth in the complaint, management stated 75% of revenue goes direct to end users who "really, in many ways, cannot pull forward" and that order patterns were "pretty normal."
Timeline of Alleged Disclosure Failures
July 22, 2025: 2Q 2025 results disappointed with EPS below consensus; management warned of sequential sales decline but blamed AMI project timing, not demand weakness. BMI fell 16.5%.January 28, 2026: 4Q 2025 results revealed a 6% sequential decline in utility water sales; management continued attributing shortfalls to "previously communicated project pacing effects." BMI fell 11%.April 17, 2026: 1Q 2026 results showed total sales 9% lower year-over-year and utility water sales down 10%; management acknowledged "softer short-cycle municipal customer ordering" and admitted the variability "has always existed" but was previously obscured by backlog. BMI fell 24%+.Cumulative impact: From $245.22 before the first disclosure on July 21, 2025, shares fell to $115.54 by April 17, 2026. Submit your claim before the deadline or call (212) 363-7500.
"Timely disclosure of material developments is fundamental to fair and efficient markets. The chronology in this case raises important questions about the gap between what Badger Meter's management was communicating about demand durability and the short-cycle weakness that was allegedly always present but hidden by backlog conditions." -- Joseph E. Levi, Esq.
ABOUT THE FIRM — For over two decades, Levi & Korsinsky has represented shareholders in securities class actions. Ranked in ISS Top 50 for seven consecutive years. The window to apply for lead plaintiff closes on August 3, 2026.
Frequently Asked Questions About the BMI Lawsuit
Q: When did Badger Meter allegedly mislead investors? A: The class period runs from April 18, 2024 to April 16, 2026. During this time, the complaint alleges management made materially false or misleading statements about the durability of demand and the drivers of record financial results. The alleged fraud was revealed through corrective disclosures on July 22, 2025, January 28, 2026, and April 17, 2026.
Q: How much did BMI stock drop? A: Shares fell approximately 24%, a decline of $36.75 per share, after the Company disclosed softer short-cycle municipal ordering and admitted demand variability had always existed but was previously masked by backlog. Earlier disclosures caused additional declines of 16.5% and 11%.
Q: What do BMI investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible as a class member.
Q: What if I already sold my BMI shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the class period and sold at a loss may still participate.
Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. You submit a claim form to receive your portion of recovery.
Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.
Q: What if I missed the lead plaintiff deadline? A: The deadline applies only to investors seeking lead plaintiff appointment. Class members who miss it can still participate in any settlement or recovery.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004 [email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
Key Takeaways MaxLinear's infrastructure revenue surged 136% in first-quarter 2026, led by optical data center products.MaxLinear raised its 2026 optical data center revenue outlook to $150 million-$170 million.MaxLinear used $8.9 million in operating cash flow as inventory and wafer capacity needs increased. MaxLinear (MXL - Free Report) has a clearer growth story than it had a year ago, but not a simpler one. Optical data center products are moving from promise to production, giving investors a visible AI-linked revenue driver.
The offset is timing. Broadband, connectivity and industrial demand remain uneven, while the optics ramp is pulling cash into inventory and wafer capacity before revenue fully converts into operating cash flow.
MaxLinear’s Business Mix is ChangingMaxLinear is a fabless semiconductor company serving broadband, wired and wireless infrastructure, data centers and industrial applications. Its products combine radio frequency, analog, mixed-signal, digital signal processing, networking, compression, security and power management technologies.
The mix is shifting. In 2025, Broadband represented 44% of revenues, Infrastructure accounted for 32%, Connectivity made up 17% and Industrial and Multi-Market contributed 8%. Customers include original equipment manufacturers, original design manufacturers, module makers and distributors, with the top 10 customers accounting for about 65% of 2025 revenues.
MXL Optics Ramp is Driving the ThesisInfrastructure has become the clearest growth engine. The segment grew 136% year over year in the first quarter of 2026 and became MaxLinear’s largest revenue category, driven by optical data center-oriented platforms.
Keystone, the company’s PAM4 digital signal processor platform, is ramping at multiple major hyperscale customers across the United States and Asia. Management raised its 2026 optical data center revenue outlook to $150-$170 million and expects a step-function increase beginning in the second quarter.
MaxLinear expects production ramps for Rushmore, its 200 gigabit per lane PAM4 digital signal processor for 1.6 terabit platforms, to begin in late 2026, with growth continuing into 2027.
MaxLinear Has More Than One Growth LeverOptics is not the only route to growth. Panther storage accelerators are gaining design-win activity, and management expects storage accelerator revenues to at least double in 2026 from 2025 levels.
MaxLinear has also won USB bridge controller designs with two major hyperscalers for rack-level artificial intelligence system management. Its first XGS-PON design win at a U.S. hyperscale data center through a Tier 1 OEM partner adds another data center adjacency.
MaxLinear is executing fiber passive optical network and Wi-Fi 7 gateway deployments with a second major North American Tier 1 service provider, with additional European ramps expected later in 2026. DOCSIS 4.0 certifications are complete.
MXL Risks Still Limit a Bullish CallThe issue is not whether MaxLinear has growth avenues. The issue is whether the company can fund and time them without creating new earnings and cash-flow volatility.
Data center ramps require wafer prepayments and inventory builds. At March 31, 2026, inventory rose to $85.8 million from $78.1 million at year-end 2025, while cash and cash equivalents declined to $61.1 million from $72.8 million.
Operating cash flow remains a watch item. MaxLinear used $8.9 million of cash in operating activities in the first quarter of 2026, reflecting the working-capital demands that come with preparing for larger optics programs.
Customer timing is another constraint. Broadband is still digesting prior growth, DOCSIS deployment depends on operator readiness and early hyperscaler programs can be concentrated. The terminated Silicon Motion deal also remains a legal overhang.
MXL Faces Stiff CompetitionMaxLinear faces stiff competition from the likes of Broadcom (AVGO - Free Report) , Marvell (MRVL - Free Report) and MACOM Technology (MTSI - Free Report) .
Broadcom is MaxLinear's strongest competitor in high-speed networking and AI infrastructure, backed by a far broader portfolio spanning custom AI accelerators, Ethernet switching, optical interconnects, broadband chips and enterprise software. Broadcom's leadership in hyperscale networking and custom silicon gives it significantly greater scale and customer reach.
Marvell competes directly with MaxLinear in optical DSPs, networking silicon and data center connectivity. Marvell already has an established position in electro-optics through its PAM4 DSPs, optical networking processors and custom silicon business, making it one of the primary beneficiaries of AI-driven data center spending.
MACOM competes with MaxLinear across optical networking, RF, analog and high-speed semiconductor solutions serving data centers, telecom and defense markets. MACOM has built a strong franchise in optical components, including lasers, drivers, TIAs and RF technologies, giving it deep exposure to AI networking infrastructure.
ConclusionThe bottom line is that MaxLinear has visible upside drivers, but the proof point is still conversion. Optics must translate from orders and ramps into durable revenues, earnings leverage and cash generation. Stiff competition remains a headwind.
MaxLinear currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
