DTCC plans to demonstrate blockchain-based real-time stock trade settlement processes this week.
The Depository Trust & Clearing Corporation (DTCC) plans to demonstrate blockchain-powered real-time stock trading processes this Wednesday. Market participants believe this technology can streamline the clearing, settlement, and record-keeping workflows underlying Wall Street stock trades, boosting capital market operational efficiency. The test is viewed as a key step for traditional financial systems in exploring on-chain securities infrastructure. However, the project remains limited in scale during its initial phase. After years of research and development, DTCC—one of the largest U.S. securities clearing institutions—this demonstration is more of a verification exercise rather than a full-scale push to migrate the entire stock market to blockchain. Analysts note that while tokenized securities and on-chain settlement are seen as having the potential to reduce costs and enhance trading efficiency, migrating traditional financial infrastructure to blockchain still faces challenges including regulation, compliance, system compatibility, and coordination among market participants. Earlier, Joseph Spiro, DTCC’s Director of Digital Asset Products, said in a May webinar that DTCC plans to launch its tokenized services this year, will demonstrate relevant use cases in a production environment in July, and officially roll out the service in October.
9 minutes ago
U.S. stocks opened with mixed performance across the three major indexes, with SK Hynix falling more than 8% and SanDisk dropping over 6%.
U.S. stock market opens: Dow Jones rises 0.08%, S&P 500 falls 0.32%, Nasdaq declines 0.73%. Tech stocks are mostly lower, with SK Hynix (SKHY.O) dropping over 8%, SanDisk (SNDK.O) down more than 6%, Micron Technology (MU.O) falling 5%, Qualcomm (QCOM.O) down 1%, and Intel (INTC.O) declining 4%.
9 minutes ago
Coinbase Ventures emerged as the most active crypto venture capital firm in the first half of 2026, with DeFi, AI, and payment sectors being its most favored investment areas.
CryptoRank data shows Coinbase Ventures, with 30 investments completed in H1 2026, is the most active crypto venture capital firm. Animoca Brands, a16z, and Tether followed with 19, 18, and 15 investments respectively. Over the past 12 months, Coinbase Ventures has closed a total of 75 investments, ranking first in the industry, followed by Animoca Brands, YZi Labs (formerly Binance Labs), GSR, and a16z. Despite the crypto market remaining in a slump, industry financing volumes continue to shrink. Total funding for crypto firms fell to $1.4 billion in June, a 63% drop from $3.8 billion in April; the number of financing rounds also decreased from 89 in May to 61. Meanwhile, the number of independent investment firms participating in deals dropped from 452 in October 2025 to 242 in June this year. By sector, DeFi, payments, and AI remain the most capital-favored segments over the past year, with 216, 131, and 128 financing rounds respectively. Coinbase Ventures has focused its investments on payment protocols, DeFi, infrastructure, and RWA tokenization projects.
9 minutes ago
U.S. Senate enters critical window for Clarity Act; next four weeks could decide the bill’s fate this year.
After the U.S. Congress reconvened, the Clarity Act (Crypto Market Structure Act) has entered a critical legislative window. Industry insiders say the next four weeks will determine whether the bill can complete Senate review before Congress adjourns in August and be formally enacted this year. According to reports, the Senate is expected to release this week the latest version of the bill, which integrates texts from the Senate Banking Committee and Agriculture Committee. Currently, the bill faces two core sticking points: one is the final language of the Blockchain Regulatory Certainty Act concerning regulatory liability for non-custodial software developers; the other is ethical provisions on conflicts of interest among government officials, particularly those related to Trump’s crypto business. Sources familiar with the matter noted that the White House and Congress have yet to reach an agreement on the ethical provisions, a key factor in the bill’s effort to hit the 60-vote threshold. Alex Thorn, head of research at Galaxy Digital, said the next four weeks could be the Clarity Act’s last chance to pass in the current congressional session; if the bill fails to become law, the U.S. may further lag behind overseas markets in the race for digital asset innovation.
9 minutes ago
US pre-market news roundup: Intel plans to invest €5 billion to expand its Irish factory; storage and semiconductor equipment sectors fall across the board in pre-market trading.
Key pre-market news for U.S. stocks is as follows: 1. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs will kick off Q2 earnings reports on Tuesday, while Morgan Stanley will release its results on Wednesday. Markets expect U.S. large banks’ investment banking and trading revenues to surge, driven by SpaceX’s IPO, rising M&A activity, and market volatility sparked by the Iran situation; 2. Trump claimed Iran always breaks agreements, so the U.S. will strike hard at Iran, take control of the strait, and likely dominate it in the future; 3. SK Hynix’s U.S. ADR trades at a 23.4% premium to its South Korean shares; 4. Semiconductor equipment and storage sectors fell across the board pre-market, with KLAC down 3.7%, SanDisk and Western Digital both dropping over 5%; 5. Spot gold and silver fell broadly, with gold down 1.32% and silver down 2.23%; 6. Crude oil markets fell broadly, with U.S. crude up 3.35% and Brent crude up 3.53%; 7. Strategy did not add to its Bitcoin holdings last week, selling 4.82 million units to raise $467 million; 8. Bitmine added 27,801 ETH to its holdings last week, bringing its total staked ETH to 4.917 million, with an estimated annual staking income of $242 million.
9 minutes ago
South Korean stock market faces a margin trading crisis, with forced liquidations totaling 344.2 billion won in July.
According to data from the Korea Financial Investment Association, the recent sharp decline in South Korea's stock market has triggered accelerated deleveraging of margin trading positions. The total forced liquidation volume in July has reached 344.2 billion won, with the single-day forced liquidation amount on July 9 hitting 142.2 billion won. As forced liquidation data lags by two trading days, the clearing pressure from the nearly 9% plunge in the KOSPI on July 13 has not yet been fully reflected, and the market expects subsequent liquidation volumes to rise further. On July 13, South Korea's KOSPI index closed down 8.95%, triggering the Sidecar (seller order suspension mechanism) and Level 1 Circuit Breaker during intraday trading. The semiconductor sector plummeted, with SK Hynix falling 15.37%—its largest single-day drop in history—and Samsung Electronics down 10.7%. Meanwhile, South Korean retail investors' margin sizes, margin loan balances, and investor deposits have all continued to decline, with the market trapped in a deleveraging cycle of "stock price drop—forced liquidation—further decline".
Open interest in real-world asset markets on the Hyperliquid platform has surged to a new high of $3.6 billion, according to The Block. This represents a significant increase from the previous record of $2.6 billion set in May 2026. The overall open interest on Hyperliquid has also reached a 2026 peak of $11 billion. This growth is attributed to increased accessibility and interest in tokenized real-world assets, with Hyperliquid offering 24/7 access to synthetic tokens for various equities, commodities, and forex markets. The platform’s real-world asset (RWA) markets now comprise about 30% of its total activity, reflecting a broader trend of institutional and retail adoption of decentralized derivatives.
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Key Takeaways The record $3.6 billion open interest in Hyperliquid’s RWA markets suggests increasing engagement with tokenized real-world assets. Hyperliquid’s total open interest peak at $11 billion indicates robust activity and confidence in decentralized derivatives platforms. Market pricing appears supportive of the view that Hyperliquid’s growth could contribute to potential further increases in its price by the end of 2026. What to Watch Watch for Hyperliquid’s continued expansion and integration into traditional financial markets, which could further influence its price movement. Announcements of major partnerships, especially with Fortune 500 companies, could be pivotal in shaping market sentiment. Additionally, any regulatory developments or technological innovations related to decentralized derivatives could significantly impact the platform’s trajectory and investor confidence.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 41.5% — — View market → January 1 2027 5.4% — — View market → January 1 2027 4% — — View market → January 1 2027 70.5% — — View market → January 1 2027 9.1% — — View market → January 1 2027 4.5% — — View market →
Prologis, Inc. (NYSE:PLD) will release its second quarter earnings report before the opening bell on Thursday, July 16.
Analysts expect the San Francisco, California-based company to report quarterly earnings of 79 cents per share, up from 60 cents per share in the year-ago period. The consensus estimate for Prologis’ quarterly revenue is $2.16 billion. It reported $2.03 billion last year, according to Benzinga Pro.
On July 1, Prologis named Alfred F. Kelly, Jr. to its board of directors.
Shares of Prologis fell 0.4% to close at $140.87 on Friday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
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- Expands PENN's Canadian online gaming footprint, bringing premier sportsbook and online casino experiences to players across Alberta -
TORONTO & WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment (Nasdaq: PENN) (“PENN” or the “Company”) today announced the launch of theScore Bet Sportsbook & Casino in Alberta, as well as theScore Casino and Hollywood Casino standalone apps, further expanding the Company’s Canadian online gaming footprint and bringing its leading digital gaming brands to players across the province. These apps are now available across Alberta on iOS, Android, and are also available on the web.
The Alberta launch marks the next chapter in theScore Bet’s continued growth in Canada, building on its success in Ontario. Players in Alberta can now enjoy the uniquely integrated sports media and betting experience from two of Canada’s most trusted brands, theScore and theScore Bet, bringing live scores, news, stats and betting together in one connected ecosystem.
In addition to sports betting, theScore Bet Sportsbook & Casino gives Alberta players access to a comprehensive online casino experience featuring hundreds of slots, table games, live dealer experiences and exclusive games, including Blue Jays Blackjack.
Complementing theScore Bet Sportsbook & Casino experience, PENN is also launching standalone Hollywood Casino and theScore Casino apps in Alberta. Hollywood Casino, a popular online and retail casino brand, delivers a casino-first experience featuring an extensive portfolio of slots, table games and live dealer content. For players who prefer a dedicated casino app, theScore Casino offers the same premium gaming experience, providing additional choice alongside the all-in-one theScore Bet Sportsbook & Casino app.
“Alberta has an incredible sports culture, and we’re excited to bring theScore Bet Sportsbook & Casino to players across the province,” said Aaron LaBerge, Chief Technology Officer and Head of Interactive at PENN Entertainment. “Fans already know and trust theScore, and with theScore Bet, we’re extending that connection into a seamless sportsbook and casino experience. Whether you’re following your favorite team, placing a bet, or enjoying casino games, we’ve built the experience around the way fans naturally engage with sports. We commend the Alberta government for introducing a regulated online gaming market for private operators and look forward to serving fans in one of Canada’s great sports markets.”
As Canada’s sportsbook, theScore Bet is proud to partner with Canada’s most iconic sports organizations as the exclusive official gaming partner of the Toronto Blue Jays, the exclusive gaming partner of Golf Canada and an official gaming partner of the NHL and PGA Tour.
Alberta customers can now enjoy:
Same Game Parlays, player props and live, in-game betting. Seamless betting integration with theScore's trusted sports news, scores and data. Hollywood Casino's extensive portfolio of slots, table games and live dealer experiences, including Blue Jays Blackjack, the Dancing Drums series, and Sweet Bonanza series. To celebrate the launch, theScore Bet is introducing a series of fan experiences throughout the summer, including its popular Toronto Blue Jays Jersey Swap event. Additional details are available at theScore.bet/alberta.
About theScore Bet Sportsbook, theScore Casino & Hollywood Casino
theScore Bet Sportsbook & Casino, theScore Casino and Hollywood Casino are PENN Entertainment's leading online gaming brands in Canada, offering premium sports betting and online casino experiences powered by PENN's proprietary technology platform. theScore Bet Sportsbook & Casino uniquely integrates with theScore to deliver a connected sports media and betting experience, while Hollywood Casino and theScore Casino provide players with a comprehensive portfolio of slots, table games, live dealer experiences and exclusive content.
About PENN Entertainment, Inc.
PENN Entertainment, Inc., together with its subsidiaries (“PENN,” or the “Company,” “we,” “our,” or “us”), operates in 28 jurisdictions throughout North America, with a broadly diversified portfolio of casinos, racetracks, and online sports betting and iCasino offerings. PENN’s focus is on organic cross-sell opportunities, reinforced by its market-leading retail casinos, sports media assets and technology, including a proprietary state-of-the-art, fully integrated digital sports betting and iCasino platform, and an in-house iCasino content studio. The Company’s portfolio is further bolstered by its industry-leading PENN Play™ customer loyalty program, offering its approximately 34 million members a unique set of rewards and experiences.
Forward Looking Statement
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as “expects,” “believes,” “estimates,” “projects,” “intends,” “plans,” “goal,” “seeks,” “may,” “will,” “should,” “look forward to,” or “anticipates” or the negative or other variations of these or similar words, or by discussions of future events, strategies or risks and uncertainties. These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results, or performance. Therefore, you should not rely on any of these forward-looking statements as predictions of future events. Actual results may differ materially from those contemplated in these statements due to a variety of risks, uncertainties and other factors, including those factors described in PENN Entertainment’s filings with the Securities and Exchange Commission (the “SEC”), including PENN Entertainment's current reports on Form 8-K, quarterly reports on Form 10-Q and its annual report on Form 10-K for the year ended December 31, 2025. Forward-looking statements speak only as of the date they are made and, except for PENN Entertainment’s ongoing obligations under the U.S. federal securities laws, PENN Entertainment undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
PENN Entertainment stock is showing upward bias. What should traders watch with PENN? The LaunchPENN Entertainment is also launching standalone Hollywood Casino and theScore Casino apps in the province. Hollywood Casino delivers a casino-first experience with an extensive portfolio of slots, table games, and live dealer content, while theScore Casino offers a dedicated casino app alternative to the all-in-one theScore Bet Sportsbook & Casino experience.
“Alberta has an incredible sports culture, and we’re excited to bring theScore Bet Sportsbook & Casino to players across the province,” said Aaron LaBerge, Chief Technology Officer and Head of Interactive at PENN Entertainment. “Fans already know and trust theScore, and with theScore Bet, we’re extending that connection into a seamless sportsbook and casino experience.”
theScore Bet is the exclusive official gaming partner of the Toronto Blue Jays and Golf Canada, and an official gaming partner of the NHL and PGA Tour. To celebrate the launch, theScore Bet is introducing a series of fan experiences throughout the summer, including its Toronto Blue Jays Jersey Swap event.
PENN Shares Edge HigherPENN Price Action: At the time of publication, PENN shares are trading 0.69% higher at $20.50, according to data from Benzinga Pro.
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Key Takeaways State Street's Q2 earnings is estimated at $3.30, up 30.4%, while sales are seen rising 11.5%.NII is projected to climb 14.4% to $833.8 million, supported by robust lending and stable funding costs.Total fee revenues are expected to rise 12.6%, led by management, servicing and securities finance fees. State Street (STT - Free Report) is slated to report second-quarter 2026 results on July 16, before market open. The company’s quarterly revenues and earnings are expected to have risen year over year.
In the first quarter of 2026, STT’s earnings outpaced the Zacks Consensus Estimate. Results were aided by growth in fee revenues and net interest income (NII). Also, the company witnessed improvements in the total assets under custody and administration (AUC/A) and assets under management (AUM) balances. However, higher expenses and provisions were undermining factors.
State Street has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering a surprise of 6.97%, on average.
Major Q2 Factors & Estimates for State StreetNII: In the quarter, the Federal Reserve kept interest rates unchanged and signaled a hike later in the year. Further, a solid lending scenario (per the Fed’s latest data, overall loan growth was robust in the quarter) and stabilizing funding/deposit costs are expected to have offered the much-needed support to STT’s NII growth.
The Zacks Consensus Estimate for State Street’s average interest-earning assets is pegged at $294.8 billion, which implies a 3.2% decline from the prior-year quarter.
The consensus estimate for NII (on a fully taxable-equivalent basis) of $833.8 million indicates a 14.4% year-over-year rise.
Fee Revenues: Supported by solid inflows, the company’s AUM and AUC/A balances are expected to have increased in the to-be-reported quarter. Thus, management fees are likely to have benefited. The consensus estimate for management fees of $747.6 million implies a 33% year-over-year jump.
The consensus estimate for securities finance revenues of $133.9 million implies a 6.2% increase.
At the end of the first quarter, STT reported $315 million of servicing fee revenues to be installed. Hence, the metric is likely to have grown in the second quarter. The Zacks Consensus Estimate for servicing fees of $1.48 billion indicates a 13.1% improvement.
The Zacks Consensus Estimate for FX trading services income is pegged at $404.6 million, suggesting a 6.1% year-over-year decline. The consensus estimate for software services fees suggests a 22.8% decrease to $177.6 million.
Overall, the Zacks Consensus Estimate for total fee revenues of $3.06 billion indicates 12.6% year-over-year growth.
Expenses: Total expenses at State Street are expected to have increased in the second quarter, primarily due to higher information systems and communication costs, as well as spending on strategic acquisitions, expansion efforts and franchise investments.
While the company has been taking steps to enhance operating efficiency, ongoing investments in growth initiatives, infrastructure and technology are likely to have exerted upward pressure on costs in the to-be-reported quarter.
What the Zacks Model Unveils for State StreetPer our model, the likelihood of State Street beating the Zacks Consensus Estimate this time around is high. This is because the company has the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for State Street is +0.35%.
Zacks Rank: STT currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
State Street’s Q2 Earnings & Sales EstimatesThe Zacks Consensus Estimate for State Street’s earnings of $3.30 per share has been revised 2.8% higher over the past seven days. The figure suggests a 30.4% surge from the year-ago quarter.
The consensus estimate for quarterly sales of $3.85 billion indicates an 11.5% increase.
State Street’s Peers Worth a LookHere are STT’s peers that you may want to consider, as our model shows that these, too, have the right combination of elements to post an earnings beat this time:
The Bank of New York Mellon Corporation (BNY - Free Report) is slated to report second-quarter 2026 results on July 15. The company has a Zacks Rank #2 at present and an Earnings ESP of +0.05%.
Quarterly earnings estimates for BNY have been moved north to $2.20 over the past week.
The Earnings ESP for Northern Trust (NTRS - Free Report) is +0.50% and it carries a Zacks Rank of 2 at present. The company is slated to report second-quarter 2026 results on July 22.
Over the past seven days, the Zacks Consensus Estimate for Northern Trust’s quarterly earnings has been revised upward to $2.68.
Strengthened commercial leadership team, including a senior business development executive with operational experience in the French Special Forces, together with a strategic partnership with Offset Links.Expands HPQ’s and Novacium’s capabilities to identify and pursue potential opportunities beyond France across selected industrial and defence markets. MONTREAL, July 13, 2026 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. (“HPQ” or the “Company”) (TSX-V: HPQ, OTCQB: HPQFF, FRA: O08), a technology company specializing in advanced materials innovation and next-generation industrial processes, announces that it and Novacium SAS (“Novacium”) are expanding their commercial and business development capabilities.
This initiative supports Novacium’s transition from technology development toward increased market engagement and commercial development activities across selected industrial and defence markets. It also supports HPQ’s business development strategy for Novacium’s technologies in Canada, the United States and Mexico under HPQ’s exclusive North American commercialization rights.
The expanded business development platform includes the appointment of senior professionals and a strategic advisory relationship intended to support market outreach, identify prospective opportunities and advance discussions with potential industrial and defence-sector stakeholders.
“The addition of commercial leaders with decades of international business development experience, together with operational expertise from the French Special Forces, significantly expands Novacium's business development capabilities by adding experienced professionals in international business development and defence markets,” said Bernard Tourillon, President and CEO of HPQ Silicon Inc. “As Novacium expands its business development organization, HPQ expects to benefit from these expanded capabilities through its strategic investment and exclusive North American commercialization rights. We believe this initiative represents another important step in supporting the identification and evaluation of future commercial opportunities for Novacium's technologies.”
Offset Links: A Strategic Partnership to Support International Growth
HPQ and Novacium have partnered with Offset Links, a consultancy specialising in business development for the industrial and defence sectors.
Under the agreement, Offset Links will provide strategic advisory and business development support to HPQ and Novacium, including identifying potential commercial opportunities, facilitating introductions to prospective industrial and institutional stakeholders, and supporting discussions relating to international business development initiatives.
Initial areas of focus are expected to include Australia and the MENA region markets. No commercial agreements, procurement contracts or customer commitments have been entered into as part of this arrangement.
Jean Deschamps — Founder, Chairman and Chief Executive Officer
Jean Deschamps brings decades of international experience across industry, infrastructure, and defence, including several decades in the Middle East.
Senior leadership roles at SIDEM, THALES, and GIAT Industries.Major Gulf infrastructure and industrial projects, including one of Abu Dhabi's earliest seawater desalination facilities.More than 19 years advising the British Ministry of Defence (MOD) on industrial offset programmes in Saudi Arabia. At HPQ and Novacium, he will support strategic partnerships, international business development and engagement with prospective industrial and institutional stakeholders.
Matthieu Deschamps — Commercial and Strategy Director
Matthieu Deschamps joins as Commercial and Strategy Director with more than 20 years of experience in industry, international business development, and strategic growth.
Led international market expansion programmes and negotiated commercial agreements with major industrial clients.Supported numerous partnership, investment and corporate development initiatives.Skilled in complex negotiations, commercial structuring, strategic account management, and scaling high-growth technology ventures. At HPQ and Novacium, he will lead commercial development initiatives, support strategic partnership discussions and business development activities across selected industrial and defence sectors.
Jean-Louis Florentin — Defence Business Development
Novacium and HPQ have appointed Jean-Louis Florentin to lead defence-sector business development, following a 15-year operational career in the French Special Forces.
Worked closely with defence contractors and military stakeholders to develop and deploy solutions for demanding operational environments.Collaborated with organisations including Nexter, the French Army Technical Section (STAT), and the Integrated Structure for the Operational Maintenance of Land Equipment (SIMMT), bridging technical teams, procurement, and end-users. His understanding of defence procurement processes and operational requirements will support HPQ's and Novacium's efforts to develop advanced energy solutions for applications including drones, embedded electronics and next-generation autonomous systems.
“Over the past several years, Novacium has developed a portfolio of energy technologies and is expanding its business development capabilities,” said Dr. Jed Kraiem. “The addition of Jean Deschamps, Matthieu Deschamps and Jean-Louis Florentin expands our business development capabilities by combining expertise in international business development, strategic partnerships and defence markets. Together, they will support engagement with prospective industrial, institutional and defence stakeholders while helping identify and evaluate potential commercial opportunities for our technologies.”
Salient points about the Offset Links agreement
HPQ and Offset Links have entered into a non-exclusive, arm's-length framework business development agreement with an initial one-year term, renewable unless terminated by either party. Under the agreement, Offset Links will provide strategic advisory and business development services, including identifying prospective opportunities, facilitating introductions to potential partners, and supporting the development of commercial, industrial and technology partnerships. Compensation, if any, will be determined separately for each approved business development assignment.
About HPQ Silicon
HPQ Silicon Inc. is a Quebec-based TSX Venture Exchange industrial issuer (TSX-V: HPQ) focused on innovation in advanced materials and critical process development. In partnership with its research and development partner Novacium—of which HPQ is a shareholder—the Company is advancing next-generation silicon-based anode materials (Gen3 and Gen4) for batteries, commercializing its ENDURA+ lithium-ion cells, and developing breakthrough clean-hydrogen and waste-to-energy technologies, for which HPQ holds exclusive North American rights.
HPQ is also pursuing proprietary technologies to become a low-cost, zero-CO₂ producer of fumed silica with technical support from PyroGenesis Inc. Together, these initiatives position HPQ to capture growth opportunities in the energy storage, clean hydrogen, and advanced materials markets essential to achieving global net-zero goals.
For more information, please visit HPQ Silicon web site.
About NOVACIUM SAS
Novacium is an innovative technology start-up created in 2022, in France. It is an engineering and R&D company dedicated to materials for energy, with a specialization in silicon and hydrogen. Novacium is developing 2 technologies. The first concerns a new silicon-based anode material that significantly increases the capacity of Li-ion batteries. Novacium's second activity is the generation of hydrogen. Novacium is developing an autonomous hydrogen generation system for civil and military applications fueled by a patented alloy based on silicon and aluminum.
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking statements. These statements rely on assumptions about technology performance, market demand, permits, financing, supply chains, and economic conditions but remain subject to significant risks, including delays, regulatory challenges, competition, pricing, financing availability, and macroeconomic uncertainties. Actual outcomes may differ materially from expectations. Detailed risk factors are outlined in HPQ’s Annual Information Form available on SEDAR+. Forward-looking information is provided solely to outline management’s future expectations and objectives.
A more detailed cautionary note regarding forward-looking information related to the HPQ Endura+ batteries project is available for download [here], and METAGENE™ technology is available for download [here].
Further information regarding the Company is available in the SEDAR+ database (www.sedarplus.ca), and on the Company’s website at: http://www.hpqsilicon.com/
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release is available on the company's CEO Verified Discussion Forum, a moderated social media platform that enables civilized discussion and Q&A between Management and Shareholders.
Source: HPQ Silicon Inc.
For further information contact:
Bernard J. Tourillon, BAA, MBA Chairman, President, and CEO
Tel +1 (514) 846-3271 / Email: [email protected]
Americký prezident Donald Trump dnes řekl, že Spojené státy pravděpodobně převezmou kontrolu nad Hormuzským průlivem, a dodal, že by jim za to měla náležet kompenzace. Šéf Bílého domu to uvedl v telefonickém rozhovoru v pořadu Fox & Friends televize Fox News.
"Průliv si necháme a nejspíš ho budeme spravovat. Staneme se strážcem průlivu. Možná to budeme nazývat strážným andělem průlivu a mělo by nám to být proplaceno," řekl Trump.
Kontrola a správa Hormuzského průlivu, který je klíčový pro globální přepravu ropy, je jedním ze stěžejních bodů současného konfliktu. Írán na průliv fakticky uvalil blokádu, což vedlo k nárůstu cen energií a vyvolalo globální obavy z inflace.
"Budeme ho chránit a dostaneme za to zaplaceno hodně peněz," řekl Trump. "Bude nám to proplaceno, protože ostatní země jsou velmi bohaté. Jsou na naší straně a nelze od nás očekávat, že to budeme dělat zadarmo," dodal.
Teherán o víkendu oznámil uzavření průlivu poté, co informoval o proplutí lodi po neschválené trase. V neděli uvedl, že lodní doprava v průlivu je nadále pozastavena a že bude vydávat povolení, jakmile bude obnovena stabilita. Trump v neděli naopak uvedl, že Hormuzský průliv je otevřený pro komerční přepravu.
"Měli jsme dohodu. Byla to hotová dohoda a pak ji porušili. Vždycky ji poruší. Měli jsme s těmito lidmi deset dohod, takže je prostě zasáhneme velmi tvrdě," uvedl Trump.
Íránské revoluční gardy dnes v prohlášení uvedly, že běžná doprava v Hormuzském průlivu bude obnovena pouze za předpokladu, že tam přestanou vojensky zasahovat Spojené státy. Dodaly, že pokračující vměšování ze strany USA povede k závažnějším incidentům, jež budou mít dopad na světový energetický průmysl.
O víkendu a dnes se mezi americkými a íránskými silami odehrály intenzivní raketové a dronové útoky. Teherán uvedl, že zasáhl americká vojenská zařízení v regionu a ponechává Hormuzský průliv uzavřený, což vedlo k prudkému zdražování ropy.
Konflikt na Blízkém východě propukl 28. února, když Spojené státy a Izrael společně zaútočily na Írán. Ten v odvetě zablokoval Hormuzský průliv a začal útočit na americké vojenské základny v okolních zemích. Před vypuknutím války procházelo Hormuzským průlivem zhruba 20 procent světových dodávek ropy a zkapalněného zemního plynu (LNG).
Nejnovější střety představují další prudkou eskalaci konfliktu. Týká se to tempa útoků i jejich rozsahu za uplynulý týden. Události tak vyvolávají vážné obavy o budoucnost prozatímní americko-íránské dohody z minulého měsíce. Ta měla vést ke znovuotevření průlivu a přerušení bojů, zatímco by obě strany využily dalších 60 dní k vyjednávání.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
Considering buying BIIB stock? Here’s what analysts think:
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Key Takeaways PENGU maintains a valuation near $1 billion while trading well below one dollar per token Baseline projection estimates $0.05–$0.10 price range, while optimistic scenario projects $0.25–$0.50 by 2031 Pessimistic outlook forecasts decline to $0.005–$0.01 amid potential NFT sector weakness The project differentiates itself with tangible merchandise, commercial agreements, and major retail distribution Weighted average five-year forecast indicates approximately $0.10 valuation by 2031 Pudgy Penguins defies conventional meme coin characteristics. Unlike similar digital assets that depend exclusively on social media momentum, the organization behind PENGU has dedicated considerable time developing a distinguished consumer-facing brand with tangible merchandise and commercial partnerships.
Pudgy Penguins (PENGU) Price PENGU presently exchanges at pennies on the dollar. The token commands approximately $1 billion in market capitalization, representing modest scale relative to established cryptocurrencies yet positioning it uniquely among NFT-originated projects and digital culture phenomena.
The franchise has transcended blockchain boundaries. Pudgy Penguins has secured retail shelf space for stuffed animals, executed commercial licensing contracts, and cultivated one of Web3’s most active followings. Such widespread consumer adoption remains exceptional within this sector.
Baseline Projection Analysis The central forecast assumes sustained progress on consumer-focused initiatives. Should physical product distribution expand geographically and commercial partnerships multiply, PENGU may achieve valuations between $0.05 and $0.10.
This projection corresponds to market capitalization spanning $4.5 billion through $9 billion. Such valuation would maintain PENGU beneath peak meme coin levels observed during prior bull markets, though the trajectory would demonstrate fundamental substance beyond pure speculation.
Wider cryptocurrency market appreciation would provide additional support. NFT collections and community-driven tokens typically experience revived attention during broader market rallies.
Optimistic and Pessimistic Outlooks The optimistic projection places PENGU between $0.25 and $0.50. Achieving this requires Pudgy Penguins penetrating gaming sectors, animated content, and mass entertainment — effectively transforming into a worldwide recognized property.
These valuations correspond to market capitalization ranging from $22 billion to $45 billion. While aggressive, this target demonstrates potential value creation from robust intellectual property development.
The pessimistic scenario envisions decline toward $0.005–$0.01. Diminished NFT sector interest, stagnating retail performance, reduced community participation, or substantial token unlock events could collectively pressure prices downward through 2031.
Market competition presents genuine challenges. The meme coin landscape evolves rapidly, with emerging projects continuously competing for investor attention and capital.
The probability-adjusted five-year valuation target, incorporating all analytical scenarios, indicates approximately $0.10 by 2031.
PENGU’s present $1 billion market valuation captures the project’s current position — a blockchain-native brand demonstrating preliminary mainstream adoption signals, continuing efforts to establish sustained long-term relevance.
A hacker rug pulled a token called SCATMAN after reportedly seizing control of the SpaceXAI and Starlink accounts on X, walking away with roughly $125,000 in Ethereum (ETH).
On-chain tracker Lookonchain traced the stolen funds across two wallets. The scheme mirrors a run of high-profile account takeovers aimed at promoting fraudulent tokens.
Inside the SCATMAN Rug PullAccording to Lookonchain, the attacker promoted the SCATMAN meme coin after allegedly compromising the SpaceXAI and Starlink X accounts. Screenshots widely shared on social media appeared to show both accounts reposting content from the SCATMAN account.
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Lookonchain said the attacker minted 10 trillion SCATMAN. They then sold the entire supply for 59 ETH, worth about $108,000.
The analytics platform also identified a second wallet linked to the same attacker that sold an additional 59.28 million SCATMAN tokens for 14.7 ETH, worth approximately $27,000.
In total, the two wallets generated nearly $125,000 in ETH. Lookonchain identified the following addresses as belonging to the attacker:
0xfee50d4ce48f2d05f520ce04c875647e4870a8ba 0xdd9f6d3e16ebda7f35cb694ceadb50af3eebba89 As of press time, the reposts were no longer visible on the SpaceXAI and Starlink accounts, and BeInCrypto could not independently verify the claims. BeInCrypto has reached out to SpaceX for comment and will update this story if it receives a response.
Account Hacks Fuel a String of Rug PullsHijacked social media accounts have become a common vehicle for rug pulls. Scammers borrow the credibility of trusted brands to lure buyers.
In February 2025, hackers seized Pump.fun’s X account to push a fake PUMP token. One wallet earned over $135,000 within a minute.
Political figures have faced the same tactic. Attackers hijacked former Malaysian Prime Minister Mahathir Mohamad’s account to promote a token, stealing $1.7 million.
Myanmar’s junta leader and World Liberty Financial co-founder Zach Witkoff faced similar breaches earlier that year.
Victims range from crypto platforms to heads of state. The common thread is a trusted account weaponized for a single, fast payout.
Each case follows the same pattern. A breach, a fast token launch, and a quick sell-off before the platform regains control.
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Launching a memecoin has never been easier. Platforms now allow almost anyone to create a token within minutes, helping thousands of new projects appear every week. But easier launches have also created new problems, including bot activity, recycled developer wallets, and pump-and-dump schemes.
That is why many traders have started looking beyond simple launch tools. MemeToro ($MT) and Pump.fun both target the memecoin market, but they approach fair launches very differently.
Pump.fun Made Launches Easy, But Risks Still Remain Pump.fun changed the memecoin landscape by making token creation accessible to everyone. More recently, it strengthened its infrastructure by integrating the Vyper trading terminal directly into its ecosystem, creating a more complete trading experience for users.
The platform has also matured considerably since its early days.
Many experienced traders who survived the initial speculative period have adapted their strategies, leading to stronger profitability among active on-chain participants. Even so, analysts continue pointing out that creating a token quickly does not automatically create a fair launch.
Automated liquidity locks reduce some risks, but they cannot stop coordinated bot activity or prevent recycled developer wallets from participating in launches.
As one market analyst recently noted:
“Platforms like Pump.fun haven’t eliminated risk; they have just democratized token generation. The infrastructure is superior on Solana, but traders must remember that viral narratives are noise until confirmed by sustainable on-chain depth.”
For many investors, that means looking beyond launch speed and focusing more on how projects attempt to improve launch quality.
How MemeToro Approaches Fair Launches MemeToro ($MT) takes a broader AI-first approach rather than acting as only a token creation website.
The platform is also being developed alongside the growing BNB Chain AI ecosystem, where new infrastructure focuses on reducing front-running while supporting autonomous blockchain applications.
Instead of asking users to manually monitor market trends, MemeToro ($MT) organizes public information into practical insights before launch decisions are made.
Technical Overview of MemeToro AI Agent: How it Works The MemeToro ($MT) AI Agent is an automated asset-creation tool that manages the end-to-end development of trend-based cryptocurrency tokens.
Core System Functions:
Real-Time Data Analysis: Scans continuous feeds of global news and digital communities to identify rising cultural topics. Automated Creative Output: Generates all essential visual and structural assets, including logos, marketing banners, and the core token concept. Pre-Launch Verification: Displays a comprehensive preview of the generated materials and token mechanics for user evaluation prior to the official launch. Fair-Launch Deployment: Deploys the completed token instantly to the public market without pre-allocations or team advantages. The infrastructure is powered by the $MT token, which is currently available during the active presale phases.
Currently in Stage 4, the project has already raised $66,670.37, reaching 82.52% of its $80,785.59 funding target.
The current token price is $0.00171, while the next stage increases automatically to $0.00190.
Fair Launches Depend on More Than Speed Creating a token in minutes is no longer enough to stand out.
As AI becomes more involved in blockchain applications, traders are beginning to evaluate how launch platforms handle transparency, automation, and long-term ecosystem participation. MemeToro ($MT) combines launch tools with AI-powered trend analysis, staking, and prediction markets, giving users additional ways to interact after a token goes live rather than focusing only on deployment.
That broader ecosystem reflects how many newer blockchain projects are trying to build beyond the launch itself.
Different Platforms for Different Goals Pump.fun remains one of the most recognizable names in memecoin creation and continues attracting significant activity across Solana.
MemeToro ($MT) is targeting a different direction by combining AI-assisted launches with a wider ecosystem built around BNB Chain. Whether one approach ultimately proves stronger will depend on adoption, continued product development, and user participation.
As the memecoin market evolves, investors increasingly appear to value platforms that offer more than simply creating another token.
More Information on MemeToro ($MT) Presale Here:
Website: https://memetoro.com/
X: https://x.com/memetoro_mt
Telegram: https://t.me/memetoro_mt
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This trader has made over $9M on @Aster_DEX in less than a month — an 806% return!
He made just one trade: a 1x short on $ESPORTS.
On June 18, he deposited 1M $USDT into Aster and opened 1x short on $ESPORTS.
He has already realized $4.28M by closing part of the position and still holds a 137.73M $ESPORTS($1.95M) short, with another $4.77M in unrealized profit.
The trader then withdrew his $1M initial capital from #Aster. The remaining $9.05M in the account is all profit.
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.
DTCC plans to demonstrate blockchain-based real-time stock trade settlement processes this week.
The Depository Trust & Clearing Corporation (DTCC) plans to demonstrate blockchain-powered real-time stock trading processes this Wednesday. Market participants believe this technology can streamline the clearing, settlement, and record-keeping workflows underlying Wall Street stock trades, boosting capital market operational efficiency. The test is viewed as a key step for traditional financial systems in exploring on-chain securities infrastructure. However, the project remains limited in scale during its initial phase. After years of research and development, DTCC—one of the largest U.S. securities clearing institutions—this demonstration is more of a verification exercise rather than a full-scale push to migrate the entire stock market to blockchain. Analysts note that while tokenized securities and on-chain settlement are seen as having the potential to reduce costs and enhance trading efficiency, migrating traditional financial infrastructure to blockchain still faces challenges including regulation, compliance, system compatibility, and coordination among market participants. Earlier, Joseph Spiro, DTCC’s Director of Digital Asset Products, said in a May webinar that DTCC plans to launch its tokenized services this year, will demonstrate relevant use cases in a production environment in July, and officially roll out the service in October.
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U.S. stocks opened with mixed performance across the three major indexes, with SK Hynix falling more than 8% and SanDisk dropping over 6%.
U.S. stock market opens: Dow Jones rises 0.08%, S&P 500 falls 0.32%, Nasdaq declines 0.73%. Tech stocks are mostly lower, with SK Hynix (SKHY.O) dropping over 8%, SanDisk (SNDK.O) down more than 6%, Micron Technology (MU.O) falling 5%, Qualcomm (QCOM.O) down 1%, and Intel (INTC.O) declining 4%.
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Coinbase Ventures emerged as the most active crypto venture capital firm in the first half of 2026, with DeFi, AI, and payment sectors being its most favored investment areas.
CryptoRank data shows Coinbase Ventures, with 30 investments completed in H1 2026, is the most active crypto venture capital firm. Animoca Brands, a16z, and Tether followed with 19, 18, and 15 investments respectively. Over the past 12 months, Coinbase Ventures has closed a total of 75 investments, ranking first in the industry, followed by Animoca Brands, YZi Labs (formerly Binance Labs), GSR, and a16z. Despite the crypto market remaining in a slump, industry financing volumes continue to shrink. Total funding for crypto firms fell to $1.4 billion in June, a 63% drop from $3.8 billion in April; the number of financing rounds also decreased from 89 in May to 61. Meanwhile, the number of independent investment firms participating in deals dropped from 452 in October 2025 to 242 in June this year. By sector, DeFi, payments, and AI remain the most capital-favored segments over the past year, with 216, 131, and 128 financing rounds respectively. Coinbase Ventures has focused its investments on payment protocols, DeFi, infrastructure, and RWA tokenization projects.
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U.S. Senate enters critical window for Clarity Act; next four weeks could decide the bill’s fate this year.
After the U.S. Congress reconvened, the Clarity Act (Crypto Market Structure Act) has entered a critical legislative window. Industry insiders say the next four weeks will determine whether the bill can complete Senate review before Congress adjourns in August and be formally enacted this year. According to reports, the Senate is expected to release this week the latest version of the bill, which integrates texts from the Senate Banking Committee and Agriculture Committee. Currently, the bill faces two core sticking points: one is the final language of the Blockchain Regulatory Certainty Act concerning regulatory liability for non-custodial software developers; the other is ethical provisions on conflicts of interest among government officials, particularly those related to Trump’s crypto business. Sources familiar with the matter noted that the White House and Congress have yet to reach an agreement on the ethical provisions, a key factor in the bill’s effort to hit the 60-vote threshold. Alex Thorn, head of research at Galaxy Digital, said the next four weeks could be the Clarity Act’s last chance to pass in the current congressional session; if the bill fails to become law, the U.S. may further lag behind overseas markets in the race for digital asset innovation.
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US pre-market news roundup: Intel plans to invest €5 billion to expand its Irish factory; storage and semiconductor equipment sectors fall across the board in pre-market trading.
Key pre-market news for U.S. stocks is as follows: 1. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs will kick off Q2 earnings reports on Tuesday, while Morgan Stanley will release its results on Wednesday. Markets expect U.S. large banks’ investment banking and trading revenues to surge, driven by SpaceX’s IPO, rising M&A activity, and market volatility sparked by the Iran situation; 2. Trump claimed Iran always breaks agreements, so the U.S. will strike hard at Iran, take control of the strait, and likely dominate it in the future; 3. SK Hynix’s U.S. ADR trades at a 23.4% premium to its South Korean shares; 4. Semiconductor equipment and storage sectors fell across the board pre-market, with KLAC down 3.7%, SanDisk and Western Digital both dropping over 5%; 5. Spot gold and silver fell broadly, with gold down 1.32% and silver down 2.23%; 6. Crude oil markets fell broadly, with U.S. crude up 3.35% and Brent crude up 3.53%; 7. Strategy did not add to its Bitcoin holdings last week, selling 4.82 million units to raise $467 million; 8. Bitmine added 27,801 ETH to its holdings last week, bringing its total staked ETH to 4.917 million, with an estimated annual staking income of $242 million.
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South Korean stock market faces a margin trading crisis, with forced liquidations totaling 344.2 billion won in July.
According to data from the Korea Financial Investment Association, the recent sharp decline in South Korea's stock market has triggered accelerated deleveraging of margin trading positions. The total forced liquidation volume in July has reached 344.2 billion won, with the single-day forced liquidation amount on July 9 hitting 142.2 billion won. As forced liquidation data lags by two trading days, the clearing pressure from the nearly 9% plunge in the KOSPI on July 13 has not yet been fully reflected, and the market expects subsequent liquidation volumes to rise further. On July 13, South Korea's KOSPI index closed down 8.95%, triggering the Sidecar (seller order suspension mechanism) and Level 1 Circuit Breaker during intraday trading. The semiconductor sector plummeted, with SK Hynix falling 15.37%—its largest single-day drop in history—and Samsung Electronics down 10.7%. Meanwhile, South Korean retail investors' margin sizes, margin loan balances, and investor deposits have all continued to decline, with the market trapped in a deleveraging cycle of "stock price drop—forced liquidation—further decline".
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.
While Bitcoin continues to fluctuate around the $62,000 level, macro investor Jordi Visser pointed out a positive development for BTC.
Accordingly, Jordi Visser pointed to a notable development in Bitcoin’s technical outlook, stating that a bullish RSI divergence has occurred for the first time since the end of last year, and that this has changed his expectations for the coming months.
Visser states that the change in the RSI indicator positively affects expectations and argues that this should be seen as a buying opportunity.
Speaking on Anthony Pompliano’s YouTube channel, Visser stated that he detected this technical signal on the 4-hour RSI chart, indicating the possibility of a significant recovery after Bitcoin’s recent decline.
Bitcoin May Be Near Its Bottom! According to the analyst, even though Bitcoin broke the $60,000 level and the price formed a new low, the RSI indicator remained above the previous low. This is considered a bullish divergence in technical analysis, indicating that selling pressure is weakening and buyers are beginning to gain strength.
Visser states that this technical outlook offers an attractive risk-return ratio for investors, arguing that a move above $60,000 could be considered a buying opportunity, while potential risks can be limited with stop-loss levels.
“As an investor, I think, ‘Okay, now that we get above 60, I can buy something and close myself off with a stop loss back below the lows.'”
Visser also stated that he believes Bitcoin is near its lowest point, but a drop to $50,000 or even $45,000 is not out of the question. “Do I think we’ll be above $100 in a year? Yes. So what difference does it make whether I bought something at $60 or another price?” he said.
FED Decision Has Critical Importance for Bitcoin! At this point, Visser stated that he sees a 35% to 40% probability that the US Federal Reserve (FED) will raise interest rates at its July 29 meeting. However, he added that the assessments of FED officials regarding the possibility that artificial intelligence could increase inflation in the short term while having a deflationary effect in the long term indicate that they may be reluctant to raise interest rates.
In this context, according to the analyst, a scenario where the Fed keeps interest rates unchanged could support Bitcoin’s rise back above the $70,000 level.
*This is not investment advice.
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TLDR Weekend military strikes between US and Iran have unsettled global markets Tech-heavy Nasdaq 100 futures tumbled 1%, while S&P 500 futures declined 0.3% Brent crude surged 3.8% approaching $79 amid fears of Hormuz Strait disruption Bitcoin dropped 1.6% to $62,943 as investors flee risky assets Critical inflation reports and major financial earnings reports scheduled this week Market futures took a hit Monday following a weekend of military exchanges between the United States and Iran. The tech-focused Nasdaq 100 futures plummeted 1%, while S&P 500 futures retreated 0.3%. Dow Jones futures remained relatively unchanged.
E-Mini S&P 500 Sep 26 (ES=F) The renewed Middle Eastern hostilities unnerved market participants who were already monitoring the region with heightened concern. Despite both major indices posting modest weekly gains, those advances now face significant headwinds.
According to Iran’s Islamic Revolutionary Guard Corps, the Strait of Hormuz has been declared “closed until further notice.” American officials have challenged this assertion, maintaining the waterway remains operational. However, data from tracking service Kpler indicates zero LNG shipments have passed through since Saturday.
Oil prices experienced a sharp rally in response. Brent crude advanced 3.8% to reach $78.89 per barrel, while West Texas Intermediate gained 3.7% to $74.04. Deutsche Bank’s Jim Reid noted that energy markets had “reacted” to reports of vessel damage, intercepted drone strikes, and attacks targeting energy infrastructure throughout the Gulf region.
President Trump indicated ceasefire negotiations with Iran continue, though he simultaneously declared the existing ceasefire “over.” This conflicting messaging has amplified market volatility and investor confusion.
Inflation Data and Earnings in Focus The timing of this geopolitical crisis couldn’t be more critical for financial markets. Two pivotal inflation measurements arrive this week. Tuesday brings the Consumer Price Index release, with the Producer Price Index following on Wednesday.
These economic indicators will be crucial for determining whether Middle Eastern developments are influencing domestic inflation trends. The data will also inform market expectations regarding Federal Reserve monetary policy decisions through year-end.
Corporate earnings season enters full swing simultaneously. Major financial institutions including JPMorgan Chase, Goldman Sachs, and Bank of America deliver quarterly reports Tuesday. Netflix and UnitedHealth also announce results this week.
Taiwan Semiconductor Manufacturing Company releases its quarterly performance data in coming days. Market analysts anticipate these figures will provide valuable insight into artificial intelligence chip demand, a subject commanding intense Wall Street attention.
The artificial intelligence investment narrative has weakened recently. Questions persist about whether technology giants can sustain their aggressive AI infrastructure spending indefinitely.
South Korean semiconductor manufacturer SK Hynix experienced a 15% share price collapse Monday following its Friday US listing debut. This decline pulled South Korea’s KOSPI index down 9%, underscoring growing doubts about the sustainability of AI-driven market momentum.
Bitcoin Drops as Risk Appetite Fades Bitcoin declined 1.6% during the last 24 hours, settling at $62,943. The cryptocurrency’s weakness mirrors a widespread retreat from speculative investments amid escalating geopolitical uncertainty.
The 10-year US Treasury yield ticked up 1 basis point to 4.57%. Meanwhile, the US dollar weakened 0.1% relative to a basket of major global currencies.
With energy prices spiking, crucial inflation data approaching, and earnings season launching, the coming week promises to be among the most consequential of the year for market participants.
Trump Says the US will Control Hormuz, Crypto at His Mercy Bitcoin (BTC) Market
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Ahmed Barakat
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Ahmed Barakat
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Aug 2025
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Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.
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48 minutes ago
President Trump declaration that the United States would “probably” take control of the Strait of Hormuz, and should be compensated for doing so, landed on crypto and markets like a macro grenade. Bitcoin was already trading near $64,000 before the comments added another geopolitical headache to an already fragile market. The full effect on crypto is still playing out.
Trump’s remarks, made on Monday, hint at a possible U.S. shift toward direct control of one of the world’s busiest oil chokepoints. Around 20% of the global oil supply passes through the Strait of Hormuz each day. Unsurprisingly, risk assets reacted first, with crypto traders stepping back alongside sellers in tech stocks.
🇺🇸TRUMP: COUNTRIES WILL PAY THE US “A LOT OF MONEY” FOR GUARDING THE STRAIT OF HORMUZ
"We're going to keep the Strait and we'll probably run it."
"We'll become the Guardian of the Strait. Maybe you'll call it the Guardian Angel of the Strait."
"And we should be reimbursed for… pic.twitter.com/9aPHAXcsAi
— Coin Bureau (@coinbureau) July 13, 2026 At the same time, the Senate Agriculture Committee advanced a crypto market structure bill along party lines. It marked another regulatory step forward, although the split vote showed Washington still cannot agree without a fight. Politics and crypto have never exactly been best friends.
Both developments are now feeding the same trade: risk off. Trump influence on crypto policy has repeatedly moved markets, and his Hormuz comments only raise the stakes. For now, traders seem more interested in protecting capital than chasing the next green candle.
Discover: The Best Token Presales
Can Bitcoin Hold Its Crypto Support as Trump Geopolitical Risk Mounts?Bitcoin price prediction has turned cautious after BTC slipped below $64,000. The weekly low sits near $61,700, making the $61,500 to $62,000 zone the line in the sand. If that level fails, the next stop could be the upper $50,000s. Two weeks ago, that sounded far-fetched.
Even so, the recent selling has not been driven by crypto alone. Money has also flowed out of other risk assets, showing this is a wider market move. That is a small comfort, though. If fear came through the front door together, confidence may need a macro spark before it walks back in.
The bullish case remains straightforward. If Hormuz tensions ease and crypto legislation regains momentum, Bitcoin could reclaim the $64,000 to $65,000 area. That would likely catch late bears leaning the wrong way. Markets have a habit of making the largest crowd look clever, right before proving them wrong.
The base case is less dramatic. Bitcoin may keep chopping between $62,000 and $64,000 while traders wait for clearer signals. That kind of price action often tests patience more than conviction. Sideways markets can feel longer than they really are.
The bear case stays valid if Bitcoin closes below $61,500 on strong volume. Fresh escalation around Hormuz or disruption to oil supplies could deepen risk aversion. Previous oil shocks have kept Bitcoin under pressure for longer than many expected.
Discover: The Best Crypto to Diversify Your Portfolio
Bitcoin Hyper Eyes Early-Mover Positioning as BTC Tests Critical SupportWith Bitcoin stalling below $64,000 and macro risk dominating sentiment, spot BTC upside at the current market cap requires a significant catalyst to materialize quickly. Traders looking to express Bitcoin conviction at an earlier point in the risk curve are increasingly eyeing infrastructure plays.
Bitcoin Hyper ($HYPER) is positioning itself at that intersection. It is the first Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration. Hyper’s smart contract execution speed that competes with Solana itself, while anchoring to Bitcoin’s security layer.
The presale has raised $33 million to date at a current price of $0.013683, with staking incentives live. Features include a Decentralized Canonical Bridge for BTC transfers and sub-second transaction finality, directly addressing Bitcoin’s core friction points around speed, fees, and programmability.
For traders who want Bitcoin ecosystem exposure without chasing spot BTC at a $1.4 trillion market cap, the risk/reward calculus is structurally different. Research Bitcoin Hyper before the presale window closes.
Don’t Miss Out on Our $1,000 USDT Airdrop on ByBit
MicroStrategy, a leading enterprise analytics and software firm, announced an increase to its US dollar cash reserves, adding $466.7 million last week through sales of common stock. The move raised the company’s USD reserve to $3 billion, according to a recent regulatory filing published on Monday.
MicroStrategy’s capital raise and reservesThe proceeds were secured via an at-the-market equity program, which allows the company to sell shares to raise capital as market conditions allow. MicroStrategy reported that it holds this substantial cash reserve to support dividends on its preferred shares and interest payments on its outstanding debt obligations.
Despite recent market volatility, MicroStrategy made no changes to its bitcoin position last week. The firm’s bitcoin holdings remain at 843,775 BTC, a figure that has made it one of the largest corporate holders of the cryptocurrency internationally.
MicroStrategy now holds its US dollar reserve at $3 billion, while its bitcoin position remains unchanged at 843,775 coins acquired for a total of approximately $63.69 billion at an average purchase price of $75,476 per bitcoin.
According to the company, the aggregate purchase price for these bitcoin holdings, including fees and expenses, totals about $63.69 billion. The average purchase price per coin stands at $75,476.
MSTR shares were down 3% in pre-market trading as bitcoin traded at $62,800 following a weekend decline for the largest cryptocurrency by market capitalization.
MetricValueUSD Reserve$3 billionBitcoin Holdings843,775 BTCTotal Bitcoin Purchase Price$63.69 billionAverage Price per Bitcoin$75,476Current Bitcoin Price$62,800MSTR Pre-market Change-3%Founded in 1989 and headquartered in Tysons Corner, Virginia, MicroStrategy is known for its business intelligence and cloud-based analytics platforms. In recent years, the company has become widely recognized for its aggressive bitcoin accumulation strategy, spearheaded by Executive Chairman Michael Saylor.
Crypto market dynamicsBitcoin experienced downward pressure over the weekend, falling through several support levels to its current price of $62,800. The decline in the cryptocurrency’s price corresponded with the drop in MSTR’s stock seen before markets opened.
Other factors, including renewed tensions in the Middle East and ongoing profit-taking across major crypto assets, have added volatility after a bullish streak in the previous week.
Crypto market analysts are closely watching developments in inflation data and earnings reports this quarter, anticipating their effect on both traditional equities and digital assets.
While broader market sentiment has been mixed, MicroStrategy’s steady bitcoin position signals continued confidence in the long-term prospects of the cryptocurrency.
Recent fluctuations have not prompted additional purchases or sales by the company, as its reserves are currently allocated for corporate financial obligations.
MicroStrategy’s dual strategy of maintaining a large bitcoin treasury while securing traditional dollar reserves continues to set it apart from other public companies operating in the digital asset sector.
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.
As the new week kicks off, investors are closely watching several significant developments. The release of June CPI inflation data and major bank earnings are expected to influence market dynamics, with potential implications for Bitcoin pricing. Circle has achieved a notable milestone with the U.S. Office of the Comptroller of the Currency granting final approval for Circle National Trust, marking a first for stablecoin issuers. Meanwhile, WisdomTree Funds celebrates its first NYSE-listed ETF, adding to the week’s highlights. These events are poised to impact various financial markets, including Bitcoin price predictions.
Bitcoin’s market activity appears to be influenced by these developments. Current market data indicates a strong likelihood of Bitcoin remaining above $56,000 on July 13, with odds priced at 99.9% YES. Observers suggest that favorable inflation data or positive earnings reports could further support Bitcoin’s price at these levels. Conversely, if inflation data surprises to the upside, it may lead to increased volatility and a potential reevaluation of Bitcoin’s standing.
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In related markets, the price of Bitcoin is also being monitored for movement above other key thresholds, such as $60,000 and $62,000. With the CPI report and major earnings releases looming, market participants are keenly assessing whether these factors will align with scenarios that maintain or elevate Bitcoin’s pricing.
Key Takeaways Bitcoin’s current pricing suggests a strong likelihood of remaining above $56,000, consistent with supportive inflation and earnings data. Circle’s approval as a national trust bank may indicate growing regulatory acceptance of stablecoins, potentially impacting crypto markets. WisdomTree’s ETF launch on the NYSE reflects continued interest and growth in exchange-traded products, which could influence market sentiment. What to Watch The upcoming June CPI report and earnings from major banks like JPMorgan Chase and Bank of America on July 15 could significantly impact market sentiment. Observers will be looking for inflation prints and earnings outlooks that could either bolster or challenge Bitcoin’s current pricing levels. Additionally, Circle’s banking milestone may lead to increased regulatory scrutiny and influence stablecoin market dynamics. Market participants will also monitor the performance of WisdomTree’s ETF debut for potential shifts in investment flows.
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Term Structure
Contract Odds Δ since publish Volume 24h July 13 2026 99.9% — — View market → July 13 2026 99.4% — — View market → July 13 2026 83.5% — — View market → July 13 2026 0.1% — — View market → July 13 2026 0.1% — — View market → July 13 2026 0.1% — — View market → July 13 2026 2.7% — — View market → July 13 2026 0.1% — — View market → July 13 2026 99.9% — — View market → July 13 2026 99.9% — — View market →
Gold lurched, oil spiked, and equities wobbled. Bonds caught a bid. The fourth round of U.S. strikes on Iran on Monday triggered the kind of cross-asset scramble that typically sends risk proxies into a tailspin. But bitcoin did something unusual: it barely moved. The largest cryptocurrency held near $63,800, according to the market update from CoinDesk, even as traditional safe havens and risk assets swung violently.
The juxtaposition was stark. West Texas Intermediate crude surged past $85 a barrel, gold futures shot higher, and the S&P 500 futures pointed to a lower open. Government bonds rallied as traders priced in fresh uncertainty. In crypto markets, however, the reaction was a shrug. Trading volumes on major exchanges ticked up only slightly, and derivatives data showed no surge in hedging activity. Bitcoin’s inaction confounded a market used to seeing the digital asset move in lockstep with equities, especially during macro shocks.
This isn’t the first time bitcoin has decoupled from traditional assets during a geopolitical flare-up. The pattern emerged during earlier Middle East tensions and Russia’s invasion of Ukraine, though each episode played out differently. Back then, bitcoin initially sold off before rebounding, often outperforming gold over a multi-week window. Monday’s steadiness, however, was more immediate. It suggests that a growing cohort of holders is treating bitcoin less as a speculative tech bet and more as a hedge against—or at least an uncorrelated asset during—geopolitical turmoil.
A maturing hedge narrative The idea of bitcoin as digital gold has been tested repeatedly. During the 2022 rate-hiking cycle, it cratered alongside tech stocks. But in 2024 and 2025, the introduction of spot ETFs and greater institutional custody infrastructure changed the ownership profile. Pension funds, sovereign wealth funds, and corporate treasuries now hold a larger share of supply. These players tend to have longer time horizons and are less likely to flee at the first sign of trouble. That structural shift may be cushioning bitcoin’s price when conventional markets panic.
Still, not everyone is convinced. Some traders point out that bitcoin’s weekend trading tends to be thinner, and the post-strike Monday session hadn’t yet seen full liquidity from U.S. and European desks when the data was recorded. If the conflict escalates further, correlations could snap back. The 24-hour nature of crypto markets means price discovery will continue through Asian and European sessions, and a delayed reaction cannot be ruled out.
Regulatory crosscurrents complicate the picture Away from the Middle East, crypto markets are navigating their own Washington drama. Just four days before a critical Senate vote, major banks are pressing lawmakers to water down or block the most significant crypto bill in U.S. history, as reported by BlockchainReporter. The outcome could reshape how digital assets are classified and traded in the world’s largest economy. For institutional participants, the regulatory backdrop is as important as macro events. This may be another reason bitcoin stayed subdued: the market is already bracing for policy-driven volatility later in the week.
Meanwhile, fundamental activity on top blockchains remains robust. Developer engagement on Ethereum, BNB Chain, and Polygon continues to lead the sector, as shown in this week’s developer activity rankings. Steady building activity provides a baseline of confidence that isn’t easily shaken by short-term geopolitical shocks, even if token prices don’t immediately reflect it. The disconnect between on-chain fundamentals and market moves has been a recurring theme in 2026.
What happens next depends largely on the situation in the Strait of Hormuz and Washington. If the U.S. strikes continue and oil prices remain elevated, the risk of a broader market drawdown rises. Bitcoin may not stay immune. But if Monday’s price action is a sign of genuine structural shift, it would be one of the most important developments for the asset’s long-term portfolio role. For now, bitcoin’s calm is the market’s most surprising data point.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Why Did A Dormant Bitcoin Wallet Draw Market Attention? A long-dormant bitcoin whale moved 2,931 BTC to a new wallet address on Sunday, ending more than seven years of inactivity and drawing attention from onchain analysts watching older supply re-enter circulation.
The transfer was worth roughly $188 million at the time of movement. The whale address had last moved the bitcoin on Oct. 23, 2018, when bitcoin traded near $6,475. Based on that reference price, the holdings have increased nearly tenfold in value since the wallet’s last activity.
Onchain Lens, citing Arkham data, said the wallet identified as “356my…BAsmK” transferred the 2,931 BTC to an unmarked address, “bc1qn…8gp25,” at around 3:41 p.m. ET. The recipient wallet had not moved the bitcoin again after receiving the funds.
The reason for the transfer remains unclear. Dormant whale movements can reflect custody changes, internal wallet restructuring, inheritance planning, collateral preparation, or a potential intention to sell. Without movement to an exchange or identifiable trading venue, the transfer alone does not confirm that a sale is imminent.
What Does The Transfer Say About Older Bitcoin Supply? Large dormant-wallet activity is closely watched because older bitcoin supply is often treated as high-conviction holding. When coins remain untouched for years, analysts tend to view them as less likely to enter active market circulation. A sudden movement can therefore attract attention even when there is no immediate selling pressure.
This case is notable because of the length of inactivity and the change in market value. The wallet last moved coins during the 2018 bear-market period, when bitcoin traded below $7,000. Moving the same holdings after a nearly tenfold increase highlights how much unrealized profit long-term holders can still carry across older wallet cohorts.
For traders, the key question is not the transfer itself but the next destination. A move to a fresh unmarked address usually leaves several possibilities open. A later transfer to an exchange would carry a stronger market signal because it could indicate preparation for liquidation. A continued hold in the new wallet would suggest custody rotation rather than immediate distribution.
Investor Takeaway The whale transfer is a monitoring event, not proof of selling. The market impact depends on whether the 2,931 BTC remains in the new wallet, moves into custody infrastructure, or is sent to an exchange where liquidity could be tapped.
Why Do Whale Wallets Matter For Bitcoin Market Structure? Bitcoin whale movements can influence sentiment because large holders control enough supply to affect order books if they decide to sell. A $188 million transfer is not large enough to define the market on its own, but it can still shape short-term positioning when liquidity is thin or when traders are already sensitive to macro pressure and ETF flows.
Old-wallet activity also matters because it can challenge the assumption that dormant supply is permanently inactive. Bitcoin’s long-term holder base includes early miners, early adopters, institutional custodians, lost wallets, and entities that have held through several market cycles. When a wallet reactivates after years, the market does not immediately know which category it belongs to.
That uncertainty is why onchain labels are important. In this case, the receiving wallet is unmarked. The absence of a known exchange label weakens the case for an immediate bearish interpretation, but it does not remove the need to track follow-on transactions.
During periods of elevated prices, dormant whale movements tend to become more visible because long-held coins carry larger dollar values. The same number of bitcoin that looked modest in earlier cycles can now represent hundreds of millions of dollars in potential supply.
How Should Investors Read The Move? The transfer fits a broader pattern in which older bitcoin holders occasionally move assets after long periods of inactivity, especially when prices are near historically high levels or when market liquidity allows large holders to rebalance more easily.
During bitcoin’s all-time high period last year, several large holders moved coins after decade-long dormancy. One individual or entity moved more than $8.7 billion worth of bitcoin in July 2025 after 14 years of inactivity, showing that dormant-wallet reactivations can occur at much larger scale.
For investors, the main takeaway is that whale movement should be interpreted in stages. A wallet reactivation shows that old supply is no longer completely dormant. A transfer to a new private address suggests repositioning. A move to an exchange or broker would carry stronger selling implications. A sale confirmed through exchange inflows or order-book activity would be the clearest market event.
Until then, the 2,931 BTC transfer remains an onchain risk marker rather than a confirmed supply shock. It shows that long-term holders can become active after years of silence, but it does not yet show that the whale has decided to exit the position.
DTCC plans to demonstrate blockchain-based real-time stock trade settlement processes this week.
The Depository Trust & Clearing Corporation (DTCC) plans to demonstrate blockchain-powered real-time stock trading processes this Wednesday. Market participants believe this technology can streamline the clearing, settlement, and record-keeping workflows underlying Wall Street stock trades, boosting capital market operational efficiency. The test is viewed as a key step for traditional financial systems in exploring on-chain securities infrastructure. However, the project remains limited in scale during its initial phase. After years of research and development, DTCC—one of the largest U.S. securities clearing institutions—this demonstration is more of a verification exercise rather than a full-scale push to migrate the entire stock market to blockchain. Analysts note that while tokenized securities and on-chain settlement are seen as having the potential to reduce costs and enhance trading efficiency, migrating traditional financial infrastructure to blockchain still faces challenges including regulation, compliance, system compatibility, and coordination among market participants. Earlier, Joseph Spiro, DTCC’s Director of Digital Asset Products, said in a May webinar that DTCC plans to launch its tokenized services this year, will demonstrate relevant use cases in a production environment in July, and officially roll out the service in October.
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U.S. stocks opened with mixed performance across the three major indexes, with SK Hynix falling more than 8% and SanDisk dropping over 6%.
U.S. stock market opens: Dow Jones rises 0.08%, S&P 500 falls 0.32%, Nasdaq declines 0.73%. Tech stocks are mostly lower, with SK Hynix (SKHY.O) dropping over 8%, SanDisk (SNDK.O) down more than 6%, Micron Technology (MU.O) falling 5%, Qualcomm (QCOM.O) down 1%, and Intel (INTC.O) declining 4%.
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Coinbase Ventures emerged as the most active crypto venture capital firm in the first half of 2026, with DeFi, AI, and payment sectors being its most favored investment areas.
CryptoRank data shows Coinbase Ventures, with 30 investments completed in H1 2026, is the most active crypto venture capital firm. Animoca Brands, a16z, and Tether followed with 19, 18, and 15 investments respectively. Over the past 12 months, Coinbase Ventures has closed a total of 75 investments, ranking first in the industry, followed by Animoca Brands, YZi Labs (formerly Binance Labs), GSR, and a16z. Despite the crypto market remaining in a slump, industry financing volumes continue to shrink. Total funding for crypto firms fell to $1.4 billion in June, a 63% drop from $3.8 billion in April; the number of financing rounds also decreased from 89 in May to 61. Meanwhile, the number of independent investment firms participating in deals dropped from 452 in October 2025 to 242 in June this year. By sector, DeFi, payments, and AI remain the most capital-favored segments over the past year, with 216, 131, and 128 financing rounds respectively. Coinbase Ventures has focused its investments on payment protocols, DeFi, infrastructure, and RWA tokenization projects.
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U.S. Senate enters critical window for Clarity Act; next four weeks could decide the bill’s fate this year.
After the U.S. Congress reconvened, the Clarity Act (Crypto Market Structure Act) has entered a critical legislative window. Industry insiders say the next four weeks will determine whether the bill can complete Senate review before Congress adjourns in August and be formally enacted this year. According to reports, the Senate is expected to release this week the latest version of the bill, which integrates texts from the Senate Banking Committee and Agriculture Committee. Currently, the bill faces two core sticking points: one is the final language of the Blockchain Regulatory Certainty Act concerning regulatory liability for non-custodial software developers; the other is ethical provisions on conflicts of interest among government officials, particularly those related to Trump’s crypto business. Sources familiar with the matter noted that the White House and Congress have yet to reach an agreement on the ethical provisions, a key factor in the bill’s effort to hit the 60-vote threshold. Alex Thorn, head of research at Galaxy Digital, said the next four weeks could be the Clarity Act’s last chance to pass in the current congressional session; if the bill fails to become law, the U.S. may further lag behind overseas markets in the race for digital asset innovation.
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US pre-market news roundup: Intel plans to invest €5 billion to expand its Irish factory; storage and semiconductor equipment sectors fall across the board in pre-market trading.
Key pre-market news for U.S. stocks is as follows: 1. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs will kick off Q2 earnings reports on Tuesday, while Morgan Stanley will release its results on Wednesday. Markets expect U.S. large banks’ investment banking and trading revenues to surge, driven by SpaceX’s IPO, rising M&A activity, and market volatility sparked by the Iran situation; 2. Trump claimed Iran always breaks agreements, so the U.S. will strike hard at Iran, take control of the strait, and likely dominate it in the future; 3. SK Hynix’s U.S. ADR trades at a 23.4% premium to its South Korean shares; 4. Semiconductor equipment and storage sectors fell across the board pre-market, with KLAC down 3.7%, SanDisk and Western Digital both dropping over 5%; 5. Spot gold and silver fell broadly, with gold down 1.32% and silver down 2.23%; 6. Crude oil markets fell broadly, with U.S. crude up 3.35% and Brent crude up 3.53%; 7. Strategy did not add to its Bitcoin holdings last week, selling 4.82 million units to raise $467 million; 8. Bitmine added 27,801 ETH to its holdings last week, bringing its total staked ETH to 4.917 million, with an estimated annual staking income of $242 million.
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South Korean stock market faces a margin trading crisis, with forced liquidations totaling 344.2 billion won in July.
According to data from the Korea Financial Investment Association, the recent sharp decline in South Korea's stock market has triggered accelerated deleveraging of margin trading positions. The total forced liquidation volume in July has reached 344.2 billion won, with the single-day forced liquidation amount on July 9 hitting 142.2 billion won. As forced liquidation data lags by two trading days, the clearing pressure from the nearly 9% plunge in the KOSPI on July 13 has not yet been fully reflected, and the market expects subsequent liquidation volumes to rise further. On July 13, South Korea's KOSPI index closed down 8.95%, triggering the Sidecar (seller order suspension mechanism) and Level 1 Circuit Breaker during intraday trading. The semiconductor sector plummeted, with SK Hynix falling 15.37%—its largest single-day drop in history—and Samsung Electronics down 10.7%. Meanwhile, South Korean retail investors' margin sizes, margin loan balances, and investor deposits have all continued to decline, with the market trapped in a deleveraging cycle of "stock price drop—forced liquidation—further decline".
You don’t often hear such news in the crypto mining world. Yet, when they arise, a breath of hope sweeps through the entire community. A bitcoin miner just hit the jackpot with a low-end machine. A story that defies all statistics and questions the very nature of chance.
In brief A solo miner using a 150-dollar Bitaxe Gamma mined a bitcoin block on July 9, 2026. The total reward amounts to 3.1382 BTC, approximately 200,000 dollars at the time of mining. The Bitaxe had been running for eight hours with a hashrate of 995.2 GH/s versus the network’s 874 EH/s. In the past year, solo miners have found 24 blocks, up 41% compared to the previous year. 874 EH/s vs 1 TH/s : the Bitaxe takes on bitcoin’s giants Again the same story with a low-price device? On July 9, 2026, at 03:30 UTC, a small box about the size of a palm beat the mining giants. A solo miner using a Bitaxe Gamma mined block #957382 via Public Pool, claiming 3.1382 BTC, approximately 200,000 dollars.
The device, sold between 60 and 150 dollars, had been running for eight hours with a hashrate of 995.2 GH/s.
Meanwhile, the bitcoin network was deploying 874 exahash per second. The comparison to an ant facing a herd of elephants is no exaggeration. The Bitaxe is powered by the BM1370 chip, consumes 15 to 21 watts, and plugs into a household outlet.
This toy for enthusiasts, designed for learning, just proved that mining lottery remains accessible to all. How could such a modest device beat industrial machines? The answer lies in the very essence of the bitcoin protocol: every hash has an equal chance to solve the block.
The mining difficulty does not affect the individual probability of each attempt.
Solo mining explodes : 24 bitcoin blocks in one year, a dream for small crypto miners Since the beginning of 2026, solo crypto miners have found 12 bitcoin blocks. Over the last twelve months, the total reached 24 blocks, up 41% compared to the previous year. Total rewards amount to 75.44 BTC, with an average interval of 15.2 days between each discovery.
This success is not a matter of chance: mining difficulty dropped by 5% on July 12, falling to 127.17 T.
At the same time, Public Pool, which charges 0% fees in solo setup, is becoming a preferred choice for enthusiasts.
Meanwhile, mining giants like Bitdeer and MARA Holdings are turning to AI, freeing up symbolic space for smaller players. This economic paradox raises questions: why are the big players abandoning the ship when small ones find their place? The answer lies in electricity costs and profitability.
Small BTC miners, with their low energy expenses, can still pull through in this challenging environment.
Never let anyone tell you that you can’t mine a block ! The Bitaxe story spread like wildfire on the X platform. Under the hashtags #Bitaxe and #SoloMining, the crypto community celebrates this feat with contagious enthusiasm. “Don’t let anyone tell you that you can’t mine a block!!!” proclaims a post that went viral.
However, this success also fuels a sometimes misleading fantasy. Most solo crypto miners mine for years without ever finding anything. Sites tracking solo successes, like Soloblocks.io, log a handful of wins among thousands of participants.
The Bitaxe faced odds of 1 in 874 million, a staggering figure. A miner with 70 TH/s on CKpool, meanwhile, has odds of 1 in 100,000 per day. The gap between these probabilities remains abyssal and reminds us that exceptions do not make the rule.
Key figures of the jackpot: Total reward: 3.1382 BTC (200,000 dollars); Device hashrate: 995.2 GH/s; Network hashrate: 874 EH/s; BTC price at the time of writing: 62,996 dollars. Bitcoin mining has long generated losses for small miners, faced with increasing difficulty. Yet, a new wind now blows across the sector. Mining difficulty has just declined, offering welcome relief for those who persevere.
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Mikaia A.
La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Strategy, the largest corporate holder of Bitcoin, raised fresh capital by selling MSTR shares through its at-the-market (ATM) offering last week while leaving its BTC treasury unchanged.
Strategy sold 4.8 million shares of its Class A common stock for $466.7 million between July 6 and July 12, according to a Monday 8-K filing with the US Securities and Exchange Commission.
The company did not buy or sell any Bitcoin during the period and reported holdings of 843,775 BTC at an average purchase price of $75,476 per BTC.
The update comes as investors continue to watch how Strategy balances equity issuance, Bitcoin accumulation and its growing preferred stock offerings as it expands its BTC-focused corporate strategy.
Ahead of Monday's Nasdaq open, MSTR shares were trading down roughly 3%, to $91.80 apiece, according to Yahoo Finance. Bitcoin was trading at about $62,580, down more than 2% in the past 24 hours.
Cash buffer grows to $3 billionStrategy increased its US dollar reserve to $3 billion as of July 12, up from $2.55 billion a week earlier. The reserve is used to fund dividend payments on its preferred stock and interest payments on its outstanding debt.
The reserve includes expected proceeds from MSTR shares sold through the company's ATM offering that had not yet settled as of the reporting date.
Source: SEC
Strategy has $23.8 billion of remaining capacity under its MSTR ATM offering, including capacity from a new $21 billion offering the company announced on March 23. The company said it may begin selling shares under the additional capacity once the existing offering is substantially depleted.
Last week, Strategy announced it sold 3,588 BTC for about $216 million to replenish its US dollar reserve and fund preferred stock dividend payments.
The transactions included the sale of 1,363 BTC at an average price of $59,256 between June 29 and June 30, followed by another 2,225 BTC at an average price of $60,773 between July 1 and July 5.
In the same June 29 8-K filing, Strategy also reported no BTC purchases, while disclosing the sale of 12.7 million MSTR shares through its ATM offering, generating $1.15 billion in net proceeds.
STRC moves to twice-monthly dividend scheduleStrategy is boosting its USD reserve as it readies its first semi-monthly dividend payment to its STRC preferred stock holders on Wednesday.
Under a new schedule announced on June 8, STRC will use record dates on the 15th and the last day of each month, with payments made on the following record date.
The first semi-monthly record date was June 30, 2026, with the first payment date scheduled for July 15.
Magazine: Bitcoin nearing late stages of bear market: Jamie Coutts, Real Vision
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Strategy (MSTR) sold about $466.7 million worth of its stock last week and put the proceeds toward cash rather than bitcoin, according to an 8-K filing with the Securities and Exchange Commission on Monday. The move lifted the company’s U.S. dollar reserve to $3 billion and marked another week without a purchase from the largest corporate holder of bitcoin.
Between July 6 and July 12, the Michael Saylor–led firm sold 4,818,781 Class A common shares through its at-the-market equity program. It issued no preferred stock under its other ATM facilities during the period.
The company said the fresh cash pushed its dollar reserve up by some $450 million, and that it holds the reserve to cover dividend payments on its preferred stock and interest payments on its outstanding debt.
Strategy neither bought nor sold bitcoin over the week. Its holdings stand at 843,775 BTC, a position the company acquired for an aggregate price of about $63.69 billion including fees and expenses, at an average of $75,476 per coin.
At current prices near $63,000, that stack is worth about $53 billion, which leaves the firm with roughly $10.7 billion in paper losses. The holdings equal around 4% of bitcoin’s 21 million supply cap.
Markets read the filing without much enthusiasm. MSTR fell close to 3% in premarket trading on Monday, extending a slide that has erased 38% of the stock’s value since the start of the year. Bitcoin dropped through the weekend to trade around $62,500, a decline that pulled the so-called bitcoin proxy lower with it.
A shift in Saylor’s posture For most of Strategy’s history, the pattern ran one direction: raise capital, buy bitcoin, repeat. This year has broken that rhythm. The company has leaned on a wider capital structure, and its recent disclosures show cash building rather than coins.
The clearest break came on July 5, when Strategy sold 3,588 BTC for $216 million — the largest bitcoin sale in its history. The disposal followed a Sunday post from Saylor on X, part of a weekly ritual that market watchers treat as a signal.
In the past, captions such as “A good time to add more dots” and “Looks better with more dots” landed ahead of purchase announcements. The tone has turned harder to read. A June 28 message reading “We’re gonna need more charts” preceded a new capital framework instead of a buy, and Sunday’s post, captioned “Orange dots tell only part of the story,” arrived before a filing that showed no purchase at all.
The building block behind the change is STRC, a preferred instrument that expanded the company’s capital structure and created new obligations to service. That structure is what makes the cash reserve matter. Dividend and interest commitments now form a fixed cost that
Strategy must meet whether bitcoin rises or falls, and the dollar reserve exists to keep those payments funded.
How much runway does Strategy have? For now, the near-term picture looks manageable. A $3 billion reserve gives Strategy a cushion against its dividend and interest commitments, and Monday’s filing shows the company can raise cash without touching its bitcoin.
Selling stock dilutes shareholders but leaves the treasury whole; selling coins does the opposite. This week, Strategy chose the first path.
The open question is what happens if the choice starts to narrow. As long as the equity market absorbs new share sales at prices the company finds workable, the ATM program can fund its obligations. A sustained slide in MSTR, or a longer bitcoin downturn, would tighten that math and could turn optional sales into forced ones.
The firm’s paper losses give the shift its weight. Strategy sits on about $10.7 billion in unrealized losses, and its stock has surrendered 38% this year. Against that backdrop, the pivot from buyer to cash-builder reads less as a retreat than as a company managing a capital structure that now carries fixed costs of its own.
Bitcoin traded flat near $62,500 in the hours after the disclosure.
Micah Zimmerman
Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.
Bitcoin’s move back toward the $64,000 area gives bulls something to work with, but it does not remove the market’s next problem. After a sharp recovery, the focus now shifts to overhead supply and whether buyers can absorb the next wave of profit-taking.
That is often how rebounds work in crypto. The first move higher proves that demand still exists. The second move has to prove that demand is strong enough to break through sellers waiting above.
For more details, visit the official Arkham platform.
TL;DR Bitcoin has recovered toward the $64,000 region.The move follows a difficult stretch marked by liquidations and supply concerns.The next question is whether buyers can push through overhead resistance near $65,000. Why The $64,000 Area Matters Round numbers matter because they concentrate attention, but the more important point is the cluster of supply above the current range. Traders who bought the dip may take profit, while others who were trapped during the drawdown may look for an exit.
That creates a real resistance test. A clean break higher could reset sentiment quickly. A rejection would suggest the market still needs more time to digest recent volatility.
ETF Flows And Wallet Data Are Part Of The Picture This is not just a chart story. Bitcoin has also been dealing with ETF flow swings, government wallet movement, and broader liquidity changes. Those factors can either reinforce the rebound or make it harder to sustain.
For now, the market has moved from panic to a more balanced test. Bulls have reclaimed ground, but the next few sessions will show whether that recovery has depth.
Why The Detail Matters Now The practical takeaway is that Bitcoin 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 Bitcoin 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 market and wallet data from Arkham Intelligence.
This article was written by the News Desk and edited by Samuel Rae.
Bitcoin’s long-term valuation model suggests it could have significant upside potential, with its next investor-top target set near $437,000. In the near term, however, analysts point to possible short-lived price advances before a reversal towards lower support levels.
Cycle Model Signals Potential for Six-Figure BitcoinAccording to a model constructed on Bitcoin’s two-year simple moving average (SMA), the major cryptocurrency may be far from its projected cycle top. The model, followed by market analyst Michaël van de Poppe, sets the upper boundary for the ongoing cycle at around $437,000, with van de Poppe indicating that a move above $500,000 cannot be excluded if momentum builds.
The two-year SMA model measures Bitcoin’s long-term valuation by identifying underlying accumulation and overheated phases. The lower band, which follows two times the SMA, is viewed as a region where large investors tend to accumulate Bitcoin during market lows. The upper band, calculated at five times the same moving average, has historically coincided with cycle tops and periods of extreme euphoria.
Currently, Bitcoin trades close to the lower investor band near $64,000, positioning it well beneath the cycle’s upper limit, according to the chart shared by van de Poppe. Despite this distance, there is no assurance that Bitcoin’s price will reach $437,000 during this cycle, as market factors and investor sentiment can shift unexpectedly.
Van de Poppe, a well-known Dutch market analyst and educator in the cryptocurrency sector, stated that the last market cycle ended with a more modest advance than many traders had anticipated. He argued that this may prompt investors to remain cautious and take profits early, potentially missing out if the current bullish trend strengthens further.
Van de Poppe has explained that many may use the previous cycle as a psychological anchor, which could trigger premature sell-offs in the event of stronger upward momentum.
A move to the $437,000 target would require an expansion in demand, deeper liquidity, and increased risk-taking from market participants. Bitcoin would also need to hold above prior highs and maintain a robust long-term uptrend, while avoiding any decisive drops below the model’s lower boundary.
While the model provides an ambitious projection, it does not specify a timeline nor guarantee a breakout to new all-time highs. The target should be interpreted as a cyclical estimate rather than a predetermined outcome.
Mini dictionary: Two-year simple moving average (SMA): A technical analysis tool that tracks the average closing price of an asset over a two-year period. In Bitcoin’s case, it is often used to identify long-term trends and potential support or resistance zones in market cycles.
Short-Term Resistance and Support LevelsOn a shorter timeframe, Bitcoin may attempt to sweep above recent highs near $64,664 as traders position themselves before the consumer price index (CPI) data release. The analysis projects that this move could encounter resistance between $64,700 and $65,200, followed by a sharp reversal if buyers fail to establish support above that range.
The zone above $64,664 contains a liquidity pool likely filled with short stop-losses and breakout buy orders. A rapid move through this area could trigger a brief price spike as liquidity is collected, but may not result in a sustained rally if sellers regain control.
Van de Poppe indicated that the CPI release may provide the volatility needed to trigger such a sweep. However, for the outlined bearish scenario to play out, Bitcoin’s price would need to drop back below $64,664 after the run-up, signaling that the breakout failed to attract enduring buying pressure.
The analysis highlights that Bitcoin’s initial downside support is near $62,100, with heavier support between $59,700 and $61,000 if the retracement deepens.
If sellers maintain momentum below $62,100 and especially under $61,000, analysts foresee that the lower liquidity targets closer to $59,700 may become relevant. Conversely, should Bitcoin clear $65,200 and stabilize above these former highs, the outlook could turn bullish as buyers demonstrate enough strength to absorb existing liquidity and push the market higher.
LevelKey ActionImplication$64,700-$65,200Potential resistance, possible price sweepRejection could trigger reversal$62,100First supportHolds if minor retracement$59,700-$61,000Deeper support/liquidity zoneTarget if correction accelerates$437,000Cycle model topRequires major breakoutDisclaimer: 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.
DTCC plans to demonstrate blockchain-based real-time stock trade settlement processes this week.
The Depository Trust & Clearing Corporation (DTCC) plans to demonstrate blockchain-powered real-time stock trading processes this Wednesday. Market participants believe this technology can streamline the clearing, settlement, and record-keeping workflows underlying Wall Street stock trades, boosting capital market operational efficiency. The test is viewed as a key step for traditional financial systems in exploring on-chain securities infrastructure. However, the project remains limited in scale during its initial phase. After years of research and development, DTCC—one of the largest U.S. securities clearing institutions—this demonstration is more of a verification exercise rather than a full-scale push to migrate the entire stock market to blockchain. Analysts note that while tokenized securities and on-chain settlement are seen as having the potential to reduce costs and enhance trading efficiency, migrating traditional financial infrastructure to blockchain still faces challenges including regulation, compliance, system compatibility, and coordination among market participants. Earlier, Joseph Spiro, DTCC’s Director of Digital Asset Products, said in a May webinar that DTCC plans to launch its tokenized services this year, will demonstrate relevant use cases in a production environment in July, and officially roll out the service in October.
4 minutes ago
U.S. stocks opened with mixed performance across the three major indexes, with SK Hynix falling more than 8% and SanDisk dropping over 6%.
U.S. stock market opens: Dow Jones rises 0.08%, S&P 500 falls 0.32%, Nasdaq declines 0.73%. Tech stocks are mostly lower, with SK Hynix (SKHY.O) dropping over 8%, SanDisk (SNDK.O) down more than 6%, Micron Technology (MU.O) falling 5%, Qualcomm (QCOM.O) down 1%, and Intel (INTC.O) declining 4%.
4 minutes ago
Coinbase Ventures emerged as the most active crypto venture capital firm in the first half of 2026, with DeFi, AI, and payment sectors being its most favored investment areas.
CryptoRank data shows Coinbase Ventures, with 30 investments completed in H1 2026, is the most active crypto venture capital firm. Animoca Brands, a16z, and Tether followed with 19, 18, and 15 investments respectively. Over the past 12 months, Coinbase Ventures has closed a total of 75 investments, ranking first in the industry, followed by Animoca Brands, YZi Labs (formerly Binance Labs), GSR, and a16z. Despite the crypto market remaining in a slump, industry financing volumes continue to shrink. Total funding for crypto firms fell to $1.4 billion in June, a 63% drop from $3.8 billion in April; the number of financing rounds also decreased from 89 in May to 61. Meanwhile, the number of independent investment firms participating in deals dropped from 452 in October 2025 to 242 in June this year. By sector, DeFi, payments, and AI remain the most capital-favored segments over the past year, with 216, 131, and 128 financing rounds respectively. Coinbase Ventures has focused its investments on payment protocols, DeFi, infrastructure, and RWA tokenization projects.
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U.S. Senate enters critical window for Clarity Act; next four weeks could decide the bill’s fate this year.
After the U.S. Congress reconvened, the Clarity Act (Crypto Market Structure Act) has entered a critical legislative window. Industry insiders say the next four weeks will determine whether the bill can complete Senate review before Congress adjourns in August and be formally enacted this year. According to reports, the Senate is expected to release this week the latest version of the bill, which integrates texts from the Senate Banking Committee and Agriculture Committee. Currently, the bill faces two core sticking points: one is the final language of the Blockchain Regulatory Certainty Act concerning regulatory liability for non-custodial software developers; the other is ethical provisions on conflicts of interest among government officials, particularly those related to Trump’s crypto business. Sources familiar with the matter noted that the White House and Congress have yet to reach an agreement on the ethical provisions, a key factor in the bill’s effort to hit the 60-vote threshold. Alex Thorn, head of research at Galaxy Digital, said the next four weeks could be the Clarity Act’s last chance to pass in the current congressional session; if the bill fails to become law, the U.S. may further lag behind overseas markets in the race for digital asset innovation.
4 minutes ago
South Korean stock market faces a margin trading crisis, with forced liquidations totaling 344.2 billion won in July.
According to data from the Korea Financial Investment Association, the recent sharp decline in South Korea's stock market has triggered accelerated deleveraging of margin trading positions. The total forced liquidation volume in July has reached 344.2 billion won, with the single-day forced liquidation amount on July 9 hitting 142.2 billion won. As forced liquidation data lags by two trading days, the clearing pressure from the nearly 9% plunge in the KOSPI on July 13 has not yet been fully reflected, and the market expects subsequent liquidation volumes to rise further. On July 13, South Korea's KOSPI index closed down 8.95%, triggering the Sidecar (seller order suspension mechanism) and Level 1 Circuit Breaker during intraday trading. The semiconductor sector plummeted, with SK Hynix falling 15.37%—its largest single-day drop in history—and Samsung Electronics down 10.7%. Meanwhile, South Korean retail investors' margin sizes, margin loan balances, and investor deposits have all continued to decline, with the market trapped in a deleveraging cycle of "stock price drop—forced liquidation—further decline".
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Trump and Iran deliver tough, tit-for-tat statements, with both sides refusing to back down on the Strait of Hormuz issue.
US President Donald Trump and an advisor to Iran’s Supreme Leader have successively made tough remarks on the Strait of Hormuz. Trump stated that the US will become the "guardian" and "guardian angel" of the Strait of Hormuz, claiming that the US has guarded the strait for free in the past and will recover its operational costs and compensate for the risks it has taken to maintain the strait’s security in the future. He also said that the US will control the Strait of Hormuz and "is very likely to dominate the strait" in the future, adding that every time Iran deploys drones, the US will strike back fiercely. In addition, Trump revealed that the US and Iran held 11-hour talks yesterday. The advisor to Iran’s Supreme Leader responded that no Iranian believes Iran should give up the Strait of Hormuz. Iran defends the Strait of Hormuz to avoid being forced to pay "ransom" for the passage of its own ships in the future. He emphasized that the strategic, security and economic status of the Strait of Hormuz is irreplaceable, and Iran will never back down on the issue of the Strait of Hormuz.
Strive, Inc. (Nasdaq: ASST) bought 18 bitcoin last week, a modest addition that lifted the Dallas-based company’s treasury to 19,900 coins, according to an 8-K filing with the Securities and Exchange Commission on Monday.
The purchases ran from July 6 through July 10 at an average price of about $64,028 per bitcoin, including fees and expenses, for a total of some $1.2 million. The buy is small next to Strive’s earlier moves this year, and it tracks a bitcoin price that has fallen well below the levels the firm paid in prior rounds.
Alongside the purchase, Strive reported cash and cash equivalents of $154.1 million as of July 10, up $700,000 from July 2. The company still holds 505,000 shares of Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC, with a fair value of $44.2 million, down $202,000 over the same stretch.
Its own preferred instrument, the Variable Rate Series A Perpetual Preferred Stock that trades as SATA, remains at 7.83 million shares outstanding.
Strive’s jump from an asset manager to treasury company Strive traces its bitcoin strategy to a fast run of moves that began last year. Vivek Ramaswamy and Anson Frericks founded Strive Asset Management in 2022, and in 2025 the firm went public through a reverse merger with Asset Entities, taking the ASST ticker and reframing itself as the first public asset-management bitcoin treasury company. Its stated aim is to accumulate bitcoin and outperform the asset over the long run.
The accumulation came in bursts. Strive bought 1,567 bitcoin in late 2025 at an average of $103,315 and funded the effort through preferred-stock offerings. In January 2026, it added 123 more at $91,561 and won Semler Scientific shareholder approval for an all-stock acquisition that would bring about 5,048 bitcoin onto its balance sheet.
The combined company would hold close to 12,800 coins at that time, a total that would rank among the largest corporate holders and place it ahead of names such as Tesla and Trump Media. By May 1, Strive’s own treasury had reached 15,000 bitcoin.
A smaller step in a lower market Monday’s filing shows a different pace. An 18-coin purchase at $64,028 stands in contrast to the six-figure prices Strive paid a few months ago, a gap that reflects a broad decline in bitcoin through the first half of the year.
The measured addition, paired with a cash balance that held near $154 million, points to a company adding to its position at a slower cadence while it works through the Semler deal.
Micah Zimmerman
Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.
Silver is trading under the $60 level, with support at $57 and $50 marked below. Source: TradingView. The silver market has shown itself to be a little bit negative during the early part of the trading session on Monday, as the attacks in the Middle East, of course, are causing some concerns out there when it comes to risk appetite. Keep in mind, though, from a longer-term standpoint, silver most certainly has a lot of demand out there and not enough supply. So, with that being said, I think you’ve got to look at this as a situation where traders are going to look at a lot of concerns in the form of the US dollar and higher rates.
Macro Headwinds Threaten Key Technical Support Boundaries And as long as both of those are strong markets, the rates and the US dollar, that puts a little bit of downward pressure here. If we break down below the $57 level, I suspect it opens up a drop down to the $50 level. If we rally from here, I think those who are looking a little more short-term at the markets will interpret rallies that show signs of exhaustion as selling opportunities.
VENTURA, Calif.--(BUSINESS WIRE)--The Trade Desk (Nasdaq: TTD), the world's leading independent advertising technology company, today announced the appointment of Penry Price to its board of directors.Price brings more than two decades of experience across the advertising industry, including as the Vice President of Marketing Solutions at LinkedIn and as President at Dstillery. Prior to that, he was the Vice President of Agency Sales and Partners at Google, where, among other strategic initiativ.
Built on one of the world’s largest networks, Precursor is the only defense of its kind to replace disruptive checkpoints to stop evasive bots without slowing down users
SAN FRANCISCO--(BUSINESS WIRE)--Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced the general availability of Precursor, a next-generation, continuous behavioral validation engine for bot management. Built directly on Cloudflare’s edge, Precursor runs seamlessly inside web browsers to monitor entire user sessions in order to detect bot automation. Unlike traditional, static CAPTCHAs, it analyzes ongoing interactions in real time to catch advanced bots, improving detection precision without interrupting legitimate users.
For the first time, automated bot traffic has eclipsed human activity on the Internet, now generating roughly 57% of all web requests. This milestone emphasizes a seismic evolution from an Internet built for human clicks to a digital landscape now dominated by AI agents. For organizations and everyday consumers, this means that legacy defenses are blind to a new breed of automated threats that drive up infrastructure costs, manipulate inventory, and compromise data. While a modern bot can easily fake a single action to pass a one-time security check, replicating an entire human journey remains a massive engineering hurdle. To protect the integrity of the global Internet, organizations must move away from static, point-in-time defenses and embrace continuous behavioral validation—analyzing telemetry across an entire session to unmask automated imposters trying to blend into the crowd.
"Traditional security checks look at a single moment in time, but modern bots have gotten smart enough to fake their way through the front door," said Dane Knecht, CTO of Cloudflare. "Instead of just checking an ID at the gate, we are looking at behavior over the entire visit. This makes life seamless for real users, while making it incredibly difficult and expensive for bad actors to fake human behavior. Cloudflare already protects users billions of times a day at critical moments like login and checkout, but until now, the space between those moments was a black box. With Precursor, we’re now eliminating that blindspot."
Now generally available, Precursor provides a session-level view of site activity by continuously collecting robust browser signals to block unwanted automated traffic through:
Privacy-Led Defense: Built to protect end user confidentiality, Precursor logs aggregate behavioral patterns rather than recording specific user inputs. For example, keyboard activity is recorded exclusively as timing rhythm and cadence—never capturing actual keystrokes. Zero-Code, One-Click Setup: Precursor is enabled with one click, automatically allowing Cloudflare to inject a compact, dynamic script passing through the network, requiring no modifications to underlying code. The script evaluates interaction trail dimensions such as mouse movement, scrolling rhythm, typing cadence, clipboard activity, and page visibility duration. A Real-Time Analysis Engine: Cloudflare's servers instantly unpack the telemetry data sent from a user's browser and scan it for signs of faked or computer-generated activity. We then validate whether interaction streams map rationally to human behavior, such as cross-referencing that pointer activity aligns with page visibility or text fields are focused during typing events. Session-Long Security Measures: Unlike traditional defense challenges that reset per every request, Precursor continuously evaluates the visitor’s user journey across a web or single page application. Automated agents cannot reset their behavioral signatures by refreshing a page, allowing defensive algorithms to adjust a session's Bot Score with compounding context. To learn more, please check out the resources below:
Blog: Introducing Precursor: detecting agentic behavior with continuous client-side signals Cloudflare Precursor About Cloudflare
Cloudflare, Inc. (NYSE: NET) is the leading connectivity cloud company. It empowers organizations to make their employees, applications and networks faster and more secure everywhere, while reducing complexity and cost. Cloudflare’s connectivity cloud delivers the most full-featured, unified platform of cloud-native products and developer tools, so any organization can gain the control they need to work, develop, and accelerate their business.
Powered by one of the world’s largest and most interconnected networks, Cloudflare blocks billions of threats online for its customers every day. It is trusted by millions of organizations – from the largest brands to entrepreneurs and small businesses to nonprofits, humanitarian groups, and governments across the globe.
Learn more about Cloudflare’s connectivity cloud at cloudflare.com/connectivity-cloud. Learn more about the latest Internet trends and insights at radar.cloudflare.com.
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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “explores,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of these words, or other similar terms or expressions that concern Cloudflare’s expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding the capabilities and effectiveness of Cloudflare Precursor and Cloudflare’s other products and technology, the benefits to Cloudflare’s customers from using Cloudflare Precursor and Cloudflare’s other products and technology, the timing of when Cloudflare Precursor or any of its related features will be generally available to all current and potential Cloudflare customers, Cloudflare’s technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflare’s CTO. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Cloudflare’s filings with the Securities and Exchange Commission (SEC), including Cloudflare’s Quarterly Report on Form 10-Q filed on May 8, 2026, as well as other filings that Cloudflare may make from time to time with the SEC.
The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Cloudflare undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Cloudflare may not actually achieve the plans, intentions, or expectations disclosed in Cloudflare’s forward-looking statements, and you should not place undue reliance on Cloudflare’s forward-looking statements.
Integrated subsea production system and local capabilities enable accelerated deepwater development
HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) announced today that its OneSubsea™ joint venture has been awarded a major multi-well engineering, procurement, and construction (EPC) contract by Eni for Phase 3 of the deepwater Baleine project offshore Côte d’Ivoire.
Under the contract, SLB OneSubsea will deliver complete subsea production systems (SPS) for 13 wells, reinforcing its role as a core technology and execution partner on one of the most strategically significant offshore developments currently underway in the region.
The EPC scope includes subsea trees, umbilical, manifolds, multiphase flowmeters and control systems, along with installation, commissioning and life-of-field support. The integrated delivery model is designed to streamline execution and support the project’s fast-track development schedule.
"Baleine Phase 3 brings together scale and execution certainty," said Mads Hjelmeland, chief executive officer of SLB OneSubsea. "Through our subsea production system technology and by leveraging our established local presence, we are supporting Eni’s efforts to advance a complex, deepwater project efficiently while contributing to the long-term development of offshore resources in Côte d’Ivoire."
Project execution will be supported by SLB OneSubsea’s in-country presence and local capabilities, contributing to efficient delivery across the life of the project.
Key points
Eni has awarded SLB OneSubsea a multi-well EPC contract for the Baleine Phase 3 development. The SPS contract covers 13 wells and includes subsea trees, umbilicals, manifolds, flowmeters and control systems, along with installation and commissioning. SLB OneSubsea will execute the project through its established in-country presence and local capabilities, supporting efficient project delivery. About SLB
SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at SLB.com.
About SLB OneSubsea
SLB OneSubsea is driving the new subsea era that leverages digital and technology innovation to optimize our customers’ oil and gas production, decarbonize subsea operations and unlock the large potential of subsea solutions to accelerate the energy transition. OneSubsea is a joint venture backed by SLB, Aker Solutions and Subsea7 headquartered in Oslo and Houston, with 10,000 employees across the world. Find out more at onesubsea.com.
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB’s new technologies and partnerships; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits of SLB’s strategies, initiatives or partnerships; and other risks and uncertainties detailed in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
, /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced June month-end assets under management of $1.89 trillion. Net inflows for June 2026 were $0.8 billion, including a large subadvised equity inflow. Net outflows for the quarter-ended June 2026 were $6.5 billion. Quarterly net flows include $0.5 billion of manager-driven distributions.
The below table shows the firm's assets under management as of June 30, 2026, and for the prior month-, quarter- and year-end by asset class and in the firm's target date retirement portfolios.
As of
(in billions)
6/30/2026
5/31/2026
3/31/2026
12/31/2025
Equity
$ 919
$ 919
$ 810
$ 879
Fixed income, including money market
222
221
215
212
Multi-asset
690
691
625
627
Alternatives
62
61
60
58
Total assets under management
$ 1,893
$ 1,892
$ 1,710
$ 1,776
Target date retirement portfolios
$ 622
$ 623
$ 561
$ 561
Q2 2026 EARNINGS RELEASE AND EARNINGS CALL
T. Rowe Price will release Q2 2026 earnings on Friday, July 31, 2026 at 7:00 AM ET. The company will host an earnings call from 8:00 – 8:45 AM ET that day. To access the webcast and accompanying materials, visit the company's investor relations website at: investors.troweprice.com.
OTHER MATTERS
T. Rowe Price (NASDAQ-GS: TROW) is a leading global asset management firm, entrusted with managing $1.89 trillion in client assets as of June 30, 2026, about two-thirds of which are retirement-related. Renowned for over 85 years of investment excellence, retirement leadership, and independent proprietary research, the firm leverages its long-standing expertise to ask better questions that can drive better investment decisions. Built on a culture of integrity and prioritizing client interests, T. Rowe Price empowers millions of investors worldwide to thrive amidst evolving markets. Visit troweprice.com/newsroom for news and public policy commentary.
New division will target ATM deployment, merchant payment processing, point-of-sale services, and a venue-integrated payment solution for adult entertainers
NEW YORK--(BUSINESS WIRE)--Tradewinds Universal (OTC: TRWD), a holding company building an experiential hospitality platform, today announced the establishment of its Financial Services Division.
TRWD is building a new recurring-revenue adult payment processing, POS services and venue-integrated technology—with multimillion-dollar potential.
ShareThe division is being developed to generate recurring, transaction-based revenue from services used every day across adult entertainment venues, bars, restaurants, nightclubs, and related hospitality businesses.
The Financial Services Division will initially focus on:
ATM deployment, management, and transaction servicesMerchant payment processing and point-of-sale servicesA professional, venue-integrated payment solution for adult entertainers and customersThe division is intended to complement TRWD's venue acquisition strategy, Club Management Group, technology initiatives, and strategic alignment with Peppermint Hippo and affiliated brands.
Capturing Revenue Already Moving Through the Industry
Adult entertainment and nightlife venues process significant cash and electronic payment volume every night. Customers withdraw cash, purchase food and beverages, reserve VIP tables, pay admission charges, and complete other transactions throughout the guest experience.
TRWD intends to participate in that activity through ATM surcharges, interchange and processing arrangements, merchant-processing residuals, equipment programs, software services, and transaction-based fees. Unlike revenue dependent on opening another venue, these services can scale with both the number of participating locations and the transaction volume generated inside each location.
"ATM withdrawals, card transactions, and digital payments are already happening throughout this industry every night," said Andrew Read, CEO of Tradewinds Universal. "Our opportunity is to bring those transactions into a professional platform that improves the customer experience while creating recurring revenue for TRWD."
ATM Deployment Across Entertainment and Hospitality Venues
Cash remains an important part of the adult nightlife and hospitality economy. TRWD plans to pursue ATM deployment and management opportunities across Peppermint Hippo and affiliated locations, future acquired venues, Club Management Group clients, and independently owned hospitality businesses.
ATM revenue is generated each time a customer accepts a disclosed surcharge to complete a withdrawal. In adult entertainment venues, where immediate access to cash is an important part of the customer experience, ATM charges can be substantially higher than those commonly found in traditional retail locations. On certain transactions, particularly smaller withdrawals, the ATM surcharge can represent up to approximately 25% of the amount withdrawn.
TRWD may participate in this revenue through ATM ownership, placement, management, processing relationships, interchange revenue, or negotiated revenue-sharing agreements with participating venues.
The global payment processing solutions market is projected to reach approximately $86.1 billion in 2026, while the global ATM market is estimated at approximately $25.7 billion in 2026. These adjacent markets demonstrate the scale of the transaction infrastructure supporting TRWD's specialized strategy. NCR Atleos Corporation, traded on the NYSE, and Euronet Worldwide, Inc., traded on Nasdaq, demonstrate the scale that can be achieved through ATM networks, transaction processing, and managed services.
TRWD intends to apply a more specialized model focused on entertainment and hospitality locations where demand for convenient access to cash remains significant.
Merchant Processing and Point-of-Sale Services
The Financial Services Division also intends to offer merchant-processing and point-of-sale services to adult entertainment venues, bars, restaurants, nightclubs, and other hospitality operators.
Payment-service providers commonly earn a percentage of payment volume, fixed per-transaction charges, and recurring fees for equipment, software, account services, and support. Restaurant and hospitality payment-processing costs frequently range from approximately 1.5% to 3.5% of transaction value, depending on card type, processing volume, risk profile, and services provided.
Adult entertainment businesses are often classified as higher-risk merchants, resulting in higher processing costs, stricter underwriting, reserve requirements, account restrictions, and fewer available providers. TRWD intends to use its industry knowledge and relationships to connect participating businesses with qualified acquiring banks, payment processors, point-of-sale providers, and related technology partners.
Shift4 Payments, Inc. and Toast, Inc., both traded on the NYSE, demonstrate how payment volume, point-of-sale technology, software, and recurring transaction fees can be combined into scalable business models.
TRWD believes it can apply a similar transaction-driven approach to a specialized hospitality market where it already has industry access and potential participating locations.
Developing a Professional Payment Solution for Adult Entertainers
A major initiative of the Financial Services Division will be the development of a professional payment method that allows adult entertainers to accept authorized customer payments through a secure, transparent, and venue-integrated system.
Customers and entertainers currently rely heavily on cash and credit-card transactions. The growth of consumer peer-to-peer payment applications has created circumvention issues, with some entertainers attempting to accept electronic payments directly from customers outside the venue's approved systems. These applications were not specifically designed for transactions inside adult entertainment venues, and their rules may restrict certain commercial transactions or require approved business accounts and merchant relationships.
When payments occur outside a venue's approved systems, the club can lose transaction visibility, financial controls, and potential participation in revenue generated inside its own location.
TRWD's proposed solution is intended to:
Provide customers with a professional digital payment optionGive entertainers a safer and more reliable alternative to cash and informal payment applicationsIntegrate payments with venue operations and financial controlsProtect customer and entertainer privacyImprove transaction visibility and recordkeepingCreate additional transaction-based revenue for participating venues and TRWD"The customer wants convenience, the entertainer wants confidence that the payment will be received, and the venue needs a professional system that protects everyone involved," said Alan Chang, founder and Chief Executive Officer of Peppermint Hippo and a director of TRWD. "This is a real operational need throughout the industry. Solving it correctly can improve the guest experience, reduce payment friction, and create an important new revenue stream."
Building a Scalable Financial Services Platform
TRWD has retained a specialized payments-technology developer to begin building the integration, reporting, and venue-onboarding infrastructure for the Financial Services Division. The Company intends to combine this technology with its relationships across adult entertainment, nightlife, bar, and restaurant operations to deploy ATM, merchant-processing, point-of-sale, and related transaction services through qualified third-party providers.
The opportunity is supported by operating data provided by TRWD's strategic partner, Peppermint Hippo, and its affiliated brands. Using a conservative benchmark of approximately $100,000 in annual ATM surcharge sales per established venue, a network of only 20 participating locations could represent approximately $2 million in annual ATM surcharge volume.
TRWD also intends to offer its services to independently owned clubs and hospitality businesses outside its affiliated network. When combined with merchant-processing residuals, point-of-sale services, equipment programs, entertainer payments, and other transaction-based revenue, management believes the Company's industry relationships could support rapid adoption and position the Financial Services Division to pursue eight-figure annual revenue potential as the platform expands.
"The value of this division grows with every location and every transaction," Read added. "We are beginning with an industry network we already understand, but the opportunity extends well beyond our affiliated venues. The goal is to build a financial-services platform that can serve operators throughout the entertainment and hospitality industries."
Clarification of TRWD's Role
TRWD's Financial Services Division is being established as a non-bank services platform. The Company does not intend to operate as a bank, depository institution, lender, or independent money transmitter.
TRWD intends to provide, manage, integrate, and market ATM, merchant-processing, point-of-sale, and related transaction services through relationships with qualified acquiring banks, payment processors, ATM networks, technology providers, and other appropriately authorized third parties.
Those providers would remain responsible for applicable merchant underwriting, transaction authorization, processing, clearing, settlement, and movement of funds. TRWD's anticipated role will center on commercial relationships, technology integration, program management, venue implementation, customer support, and participation in transaction-based fees and revenue-sharing arrangements.
About Peppermint Hippo
Founded in 2018 by Alan Chang, Peppermint Hippo has grown from Toledo, Ohio into the fastest-expanding adult nightlife brand in the country. Its Las Vegas flagship opened in April 2022 as the only gentlemen's club on the Las Vegas Strip. The brand now operates 12-plus clubs nationwide, including affiliated Las Tóxicas locations, delivering a "Mini-Vegas" experience through upscale design, professional entertainment, and elevated hospitality standards. Visit ThePeppermintHippo.com.
About Tradewinds Universal
Tradewinds Universal (OTCID: TRWD) is a fully reporting, publicly traded holding company acquiring and scaling adult hospitality businesses. The Company is consolidating a fragmented industry under a public structure, in strategic alignment with Peppermint Hippo and affiliated brands. Its long-term goal is to build a national, multi-brand platform comprising 100 or more venues.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding TRWD's operational plans, acquisition timing, revenue expectations, growth prospects, expansion targets, and anticipated strategic developments. Factors that could cause actual results to differ include, but are not limited to, risks associated with the Company's ability to consummate acquisitions, obtain necessary licensing and regulatory approvals, integrate acquired businesses, access capital on favorable terms, achieve projected revenue targets, and navigate general economic and market conditions. Revenue figures attributed to Peppermint Hippo and affiliated brands reflect the performance of entities that are not yet wholly owned subsidiaries of TRWD; actual revenue contribution to TRWD's consolidated financial statements will depend on the timing and completion of definitive acquisition agreements. Forward-looking statements speak only as of the date of this release. Tradewinds Universal disclaims any obligation to update or revise any forward-looking statements except as required by law.
Data Sources and References
Peppermint Hippo and affiliated brandsFortune Business Insights — Payment Processing Solutions Market Size and Industry OverviewMordor Intelligence — ATM Market Size and Share AnalysisNerdWallet — Credit Card Processing Fees: What Small Businesses Should KnowNCR Atleos Corporation — Company InformationEuronet Worldwide, Inc. — Investor Relations
At first, I was a bit skeptical of the barrage of bearish bets placed by Dr. Michael Burry, the man made famous by The Big Short film. Indeed, it can be pretty dangerous to go looking for that next big short, especially in a market climate that continues to favor the bulls. Not to mention, shorting stocks outright has become dangerous in the post-meme stock era, where the shorts can be squeezed out in excruciating fashion.
In any case, Dr. Burry’s bearish put options have, for the most part, landed pretty well. And I think there’s a good chance that he’s still early in the game. On the surface, it feels like the man is just looking to bet against the AI bubble. When you look at the moves he’s been making, though, I think it’s more apparent that he’s betting on the bubble within AI.
Michael Burry isn’t just shorting His long position in Microsoft (NASDAQ:MSFT | MSFT Price Prediction), an undervalued and neglected AI champion (at least in my view), seems to signify that there is still value to be had in AI, but not everything in the AI waters is going to be a safe bet.
In any case, Dr. Burry’s recent long bets on the sports-betting plays, I think, are unrelated to the AI boom, but do seem to target another boom that most other investors may be ignoring as they themselves gamble on the hottest stocks in AI (most notably, the DRAM stocks).
Indeed, the appetite for gambling and speculation is still quite high despite the lacklustre performance of the sports-betting stocks. It just feels like bettors have taken their disposable incomes to the prediction and stock markets.
Perhaps there’s no smarter way to bet on that than by betting big on sports-betting stocks, rather than seeking to short red-hot momentum stocks, which, while overvalued and bubbly, might not implode within a timeframe that allows one’s bearish bets to be profitable.
The sports-betting stars have gone bust While I have respected Dr. Burry’s moves, I must say that I haven’t found any that have been worth following until his latest bets on DraftKings (NASDAQ:DKNG) and Flutter Entertainment (NYSE:FLUT). Shares of both sports-betting plays have had their boom days. But, more recently, they’ve gone bust in a big way. And that’s exactly why value seekers, like Dr. Burry, tend to be more than willing to swoop in as investors move on, perhaps to gamble on the hottest of the hot AI stocks.
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With a 60% allocation in Flutter, the firm behind FanDuel, and 40% in DraftKings, Dr. Burry is making a bold bet, and one that’s tilted in his favor, at least in my humble opinion. Of course, much buzz has been made about prediction markets and how they’ve stepped on the feet of the big players in the sports-betting market. With guidance moving lower and many bettors growing discouraged by unusually unpredictable results, questions linger as to whether the sports-betting stocks themselves can ever be great bets again.
Indeed, one way to even the playing field is for the two firms to make a deeper dive into prediction markets. But the big question is whether regulators will put hurdles in front of prediction market platforms. If regulators do start cracking down, perhaps the sports-betting plays will rise up again.
Dr. Burry sees room for improvement Aside from the competitive threats from prediction market platforms, which might fade away at the drop of a hat, Dr. Burry sees past mismanagement and poor capital allocation as an opportunity to shift the cards around to spark a turn. Indeed, the firms can pull back on the marketing spend (how many sports-betting app ads have we already been bombarded with in recent years?), DraftKings and Flutter might actually be able to pull in some seriously impressive profits.
In essence, perhaps Flutter and DraftKings have already acquired enough interest such that they can move into a “year of efficiency,” so to speak. Bettors already know the names. And when they’re ready to place a bet, they’ll know where to go.
Dr. Burry raises some very interesting points, and it’s hard not to feel that much more bullish about the firms and where they could go next now that the price of admission has fallen to the floor.
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DETROIT, July 13, 2026 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (NASDAQ: WKHS) (“Workhorse”), a North American OEM and provider of all-electric trucks, step vans, shuttles and buses, today announced the appointment of Jody Davis as Chief Financial Officer (CFO), replacing current CFO Bob Ginnan, who is retiring.
Davis is a finance executive with approximately 15 years of finance leadership experience across manufacturing, energy storage, aerospace, and technology companies, with a track record of closing large capital rounds and guiding development-stage businesses into full production. His experience includes roles in strategic finance, capital formation, capital markets, treasury, financial planning & analytics, as well as building the finance infrastructure needed to support capital intensive companies as they move from development into commercialization and production.
“Jody is a company-builder who has deep and direct experience in numerous areas that are critical to Workhorse at this stage in our journey,” said Scott Griffith, CEO of Workhorse. “His experience raising later-stage growth capital combined with experience developing relationships with analysts and investors will be a strong addition to the Workhorse leadership team. We believe he’s the right CFO for where we are and where we’re going.”
Immediately prior to joining Workhorse, Davis served as Vice President of Strategic Finance at Unimacts, where he led financing initiatives across multiple entities within a complex capital structure. Previously, he served as Chief Financial Officer of Evio, formerly EOS Aircraft Inc., a hybrid-electric regional aircraft program, where he led the strategic repositioning of the business to Montreal, Canada as part of an Industrial and Technological Benefits (ITB) partnership with Boeing Canada. In connection with that transition, he built integrated financial models linking design, production and certification milestones to capital deployment.
Davis was part of the founding team and served as Chief Financial Officer of Our Next Energy, Inc., (ONE), a Michigan-based LFP battery innovator. During his time with the company, ONE scaled from pre-seed stage to production while expanding to approximately 500 employees, and Davis built the finance, human resources, financial planning & analytics functions needed to support this rapid growth. He played a key role across capital formation, various debt structures, investor diligence, board reporting, treasury, working capital discipline, and manufacturing scale-up.
“Workhorse is at an inflection point. I believe it has something rare: a product that already wins on real operator economics, a commercial-grade manufacturing facility, and a customer base that includes many of the largest medium-duty fleets in North America,” said Davis. “Workhorse is in the early stages of an exciting growth plan, and with the right capital partners, I believe there is significant upside ahead. My focus will be to bring in those partners and work to maintain a financial architecture that keeps pace with the opportunity: the right capital structure, rigorous cost management, and the systems that give Workhorse’s team, customers and investors the visibility they need. I’m thrilled to join the Workhorse team and look forward to getting to work.”
The Company believes Davis’ background is well-suited to help Workhorse achieve its near-term priorities, including securing additional growth capital, developing relationships with analysts and institutional investors, and accelerating cost reductions on the W56 and next-generation Class 5–6 platforms. Davis replaces current CFO Bob Ginnan, who is retiring. Ginnan served as CFO at Workhorse since January, 2022, helping the company navigate through several key corporate financial events, including capital raises, a divestiture and the merger with Motiv Electric Trucks.
“I want to thank Bob for his years of leadership and tireless work, including his most recent efforts to assist with finalizing and closing the Workhorse-Motiv merger and his efforts to lead several key aspects of integration,” said Griffith. “We all wish him well.”
About Workhorse Group Inc.
Headquartered in the Detroit area with a commercial-scale manufacturing plant in Union City, Indiana, Workhorse (Nasdaq: WKHS) is redefining what a medium-duty truck should be. Workhorse builds software-first, electric trucks, shuttles and buses that are powerful, cost-efficient, reliable, safe and comfortable — all with zero tailpipe emissions. Our deep experience building electric vehicles at scale drives intentional innovations designed to help customers lower operating costs, improve fleet performance, enhance the driver experience, and maximize uptime without compromise. More information is available at www.workhorse.com.
Media Relations Contacts:
Workhorse
John Williams, Communications
+1-206-660-5503, [email protected]
This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that are not historical facts, including statements regarding the impact of Mr. Davis’ appointment, and those regarding the Company's achievement of its priorities and its other plans, objectives, expectations, business strategies, future operations, financial performance, prospects, and other future events or developments, are forward-looking statements. These forward-looking statements are based on management's current expectations, assumptions, and estimates as of the date of this press release and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties are described in greater detail under the caption "Risk Factors" in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable law.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/92a2014d-8229-4cbb-a588-2b25e1a0886b
Jody Davis, Chief Financial Officer at Workhorse Jody Davis joins Workhorse as CFO, replacing current CFO Bob Ginnan, who is retiring.
The US cryptocurrency ETF market saw renewed confidence in the trading week from July 6 to July 10, with significant inflows into Bitcoin and Ethereum funds. However, spot XRP ETFs diverged from this trend, recording $7.18 million in net outflows despite the broader recovery, according to crypto analytics platform SoSoValue.
Large single-fund withdrawal ends XRP inflow streakFor nearly two months, XRP funds had attracted steady inflows, yet this trend came to a halt last week. The outflows were driven entirely by a sharp move in a single fund. Investors pulled $7.29 million from the Bitwise XRP ETF, primarily during Wednesday’s trading session on July 8. This marked the most significant capital exit from a single XRP ETF in recent weeks.
Other prominent US XRP fund issuers, including Canary, Franklin, and Grayscale, experienced no net capital movement during the same period, keeping their weekly flows neutral. The only attempt to reverse the net loss came from the 21Shares TOXR product, which recorded a comparatively modest $107,400 inflow.
Mini dictionary: Bitwise is a US-based asset manager specializing in cryptocurrency index and thematic funds, including a range of publicly traded crypto ETFs.
While investors sold heavily in the Bitwise XRP ETF, other providers such as Canary, Franklin, and Grayscale posted zero net flows for the week, highlighting the isolated nature of the XRP movement.
Bitcoin and Ethereum ETFs break losing streaksIn contrast to XRP’s weak performance, institutional investors intensified their accumulation of Bitcoin and Ethereum ETFs. Bitcoin funds attracted $197 million after eight consecutive weeks of outflows, signifying a notable shift in sentiment. Similarly, Ethereum products ended their two-month slide with $84.42 million in fresh inflows.
Investors also allocated funds to products tracking newer altcoins. HYPE-based offerings saw $10.36 million in net purchases, while Solana ETFs drew $930,400.
ETF/FundNet Inflows/OutflowsBitcoin ETFs+$197 millionEthereum ETFs+$84.42 millionXRP ETFs-$7.18 millionHYPE-based products+$10.36 millionSolana ETFs+$930,400XRP’s total assets and price remain steadyDespite outflows from the past week, the XRP fund ecosystem retains substantial capitalization. Across the seven spot XRP ETFs approved in the US, total net assets stood at $996.65 million, just under the significant $1 billion threshold. Since their launch, these funds collectively gathered $1.48 billion in net inflows, underscoring persistent investor interest over the longer term.
Amid these developments, the XRP price maintained stability, holding to a narrow trading window between $1.10 and $1.11. Analysts stated that the market’s lack of volatility suggested a period of consolidation, rather than the onset of a prolonged exit.
Market analysts noted that, despite short-term redemptions in the ETF sector, the overall XRP price remained resilient within its recent range near $1.10.
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.
XRPL validator Vet (Hussein Zangana) has argued that the XRP Ledger’s consensus mechanism is better suited for long-term sustainability than Bitcoin’s proof-of-work (PoW) model.
According to Vet, Bitcoin’s mining system was highly effective at distributing BTC in the network’s early years. However, he believes it could face economic challenges as block rewards continue to decline.
In a post on X and an accompanying video presentation, Vet compared the supply dynamics of Bitcoin and XRP. He argued that “supply distribution is only a short-term challenge, while consensus algorithms are permanent.”
Bitcoin Early Success Came With Long-Term Trade-Offs Zangana explained that Bitcoin’s PoW mechanism originally served two purposes. It secured the blockchain while distributing new BTC through mining rewards.
Bitcoin launched with a 50 BTC block reward, which halves roughly every four years. Vet noted that about 95.5% of Bitcoin’s fixed 21 million supply has already been distributed, leaving relatively little new issuance over the coming decades.
He acknowledged that PoW helped democratize Bitcoin’s early distribution because users could mine coins with relatively modest hardware. However, he argued that the system becomes more expensive and less efficient as new issuance declines.
According to Vet, Bitcoin will increasingly rely on transaction fees to incentivize miners once block rewards become negligible. He also argued that wider adoption of Layer-2 networks could reduce on-chain activity, making it harder for miners to earn enough fee revenue over the long term.
XRP Ledger Was Built for Long-Term Efficiency Meanwhile, Vet contrasted this with the XRP Ledger, which did not use its consensus mechanism to distribute XRP. Instead, the network created its entire 100 billion XRP supply at genesis, with tokens distributed over time.
Because XRPL has no mining rewards, Vet said its consensus mechanism focuses solely on validating and settling transactions. This allows for low costs, fast confirmations, and minimal transaction fees.
He argued that this approach made XRP’s early distribution more difficult. However, it also removed the long-term burden of maintaining an expensive mining incentive once token distribution is complete.
According to Zangana, Bitcoin prioritized efficient early distribution, while the XRP Ledger accepted a more challenging launch in exchange for a consensus model built for long-term operation.
Network Performance Will Matter More Than Launch History Vet also argued that future users will care less about how a cryptocurrency was originally distributed.
Whether Bitcoin relied on mining rewards or Ripple distributed XRP over time, he said most new users will judge a network by how well it works today rather than by its launch history.
He added that the XRP Ledger has grown into a mature ecosystem with numerous developers and applications. As a result, he believes it is now well positioned to benefit from its consensus design after overcoming its initial distribution challenges.
Concluding his analysis, Vet said the next five to ten years will be a key test for Bitcoin as block rewards continue to shrink and the network relies more heavily on transaction fees.
By contrast, he argued that the XRP Ledger can continue operating efficiently without facing the same structural pressures.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
XRP is now pushing against the upper boundary of a descending channel that has dictated its movement for the past 12 months.
At press time, XRP trades at $1.0801, leaving little room between its current price and the channel’s falling resistance line. With the trading range now squeezed to nearly nothing, the chart suggests a breakout or rejection could happen soon.
This current situation resembles the pattern that appeared before XRP climbed to $3.60 in July 2025. Once again, the asset has compressed beneath a declining trendline, and this makes the coming sessions especially important.
A Year of Selling Has Shaped the Current Trend XRP reached a high of about $3.60 in July 2025 before entering the descending channel that has guided its price ever since. From this peak, the upper trendline continued to slope lower, stopping every recovery attempt over the past year and sending the price back down after each test.
The lower trendline developed alongside it, beginning around the $2.00 area before leading XRP through the $1.50 range, then the $1.30 area, and finally toward its current level near $1.08.
The channel has remained intact from the second half of 2025 into mid-2026, contributing to a decline of more than 70% from the July 2025 peak.
XRP Descending Channel Now, XRP sits almost directly below the upper trendline. Since there is barely any gap left between the price and resistance, the chart suggests that a move may not be far away.
XRP Historical Data Before its major rally, XRP spent about 16 months moving sideways inside an accumulation range defined by a parallel channel between $0.45 and $0.75.
This period ended with a breakout in November 2024, which pushed the price to around $3.30 by January 2025. The move showed that buyers had built enough demand to break through long-standing resistance.
After the rally, XRP formed a symmetrical triangle that stretched from $3.30 down to support between $1.90 and $2.00. As the price tightened beneath the upper boundary of the triangle, it eventually broke above the trendline in mid-2025, leading to the rally that reached $3.60 in July 2025.
The current situation shares many of the same features. XRP now presses against the upper boundary of the present channel with the same type of price compression that came before the previous breakout.
Key XRP Price Levels to Watch The next major signal will come if XRP closes a daily candle above the channel’s upper trendline, which now sits around $1.10. A confirmed close above that area would mark a technical breakout and push attention to the next resistance zone.
The first major target lies between $1.50 and $1.60. This area acted as support throughout late 2025 before the price fell below it as the descending channel continued lower. Moving back above that range would strengthen the overall market structure.
If buying pressure continues, $2.00 becomes the next major level to watch. This price acted as the foundation for the mid-2025 rally to $3.60 and has remained an important turning point on the chart.
From the current price of $1.0801, a move to $2.00 would represent a gain of about 85%. Above that, XRP could face additional resistance around $2.50 and $3.00 as it attempts to recover the July 2025 high.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
XRPL validator Hussein Zangana, better known as Vet, has urged the XRP community to stop spreading claims that SWIFT is using XRP or will adopt it soon.
According to Vet, these claims distract from the real progress happening across the XRP Ledger (XRPL) ecosystem.
His comments came after former SWIFT Chief Innovation Officer Tom Zschach publicly dismissed renewed speculation that SWIFT would integrate XRP.
Focus on Real XRPL Growth In a post on X, Vet told investors to “block” influencers who claim SWIFT is already using XRP or say with certainty that it will in the future.
He said these rumors are similar to earlier unverified claims involving the Depository Trust & Clearing Corporation (DTCC). According to Vet, such narratives are unnecessary and hurt the community’s credibility.
Instead, he encouraged the community to focus on ongoing XRPL developments. These include security upgrades, on-chain lending, stablecoins, foreign exchange capabilities, permissioned domains for compliant trading, and privacy improvements.
Vet also said Ripple and the XRPL ecosystem are working to onboard institutions and consumers while expanding real-world adoption. He argued that building useful infrastructure is “10000x better” than relying on unfounded speculation.
XRP Doesn’t Need SWIFT Responding to Vet’s post, XRP community member CharuSan said XRP’s long-term success does not depend on SWIFT integration. He pointed to Ripple’s existing network of financial institutions as a stronger foundation. He also highlighted future developments such as AI agents on XRPL, lending protocols, and other ecosystem innovations as better reasons for optimism.
CharuSan added that XRP could eventually compete with traditional payment networks instead of operating alongside them.
Former SWIFT Executive Rejected XRP Rumors The discussion follows comments made on July 10 by former SWIFT Chief Innovation Officer Tom Zschach. He rejected viral claims that SWIFT planned to support XRP.
Responding to social media posts claiming SWIFT would adopt public digital assets like XRP instead of launching its own cryptocurrency, Zschach replied, “Not happening.”
The speculation came from posts citing an alleged SWIFT document that supposedly said the organization would support existing digital assets such as XRP. However, no official SWIFT document or announcement backed those claims.
Zschach’s response is consistent with his long-standing skepticism toward Ripple and XRP. During his time at SWIFT, he questioned XRP’s utility and decentralization. He also criticized Ripple’s technology.
If you haven’t read former SWIFT (@swiftcommunity) Chief Innovation Officer, @TomZschach latest piece on tokenized assets yet, you might want to. In addition, if you haven’t watched his recent appearance on the @CryptoAmerica_ podcast, you should. Both are excellent, and… https://t.co/CeoCmXfavM
— 🌸Eri ~ Carpe Diem (@sentosumosaba) July 10, 2026
Despite recurring speculation whenever SWIFT announces blockchain or digital asset initiatives, neither SWIFT nor Ripple has announced any partnership involving XRP. Instead, Ripple executives have said the company is building an alternative to the SWIFT system.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Ripple has announced that onchain financial products are rapidly transforming the global finance sector, signaling a clear shift from the experimental phase of blockchain toward widespread adoption. The technology company, which specializes in digital payment protocols and the XRP Ledger, cited increasing evidence that tokenized funds, bonds, and repurchase agreements (repos) are delivering significant improvements in settlement speed, cost reduction, transparency, and round-the-clock operational efficiency when compared to traditional systems.
UK takes the lead in digital assetsThe UK government has set out a strategic plan to establish itself as a center for tokenized wholesale finance. Ripple stated that the country’s robust capital markets, strong regulatory framework, and long-standing credibility in global finance give it a competitive advantage in driving digital asset innovation.
Industry forecasts suggest tokenized wholesale markets in the UK could achieve up to £33 billion, or approximately $45 billion, in annual economic output by 2035. Advocates claim that moving conventional financial instruments onto blockchain networks could deliver notable economic benefits as well as modernize financial infrastructure.
Ripple projects that tokenized funds, bonds, and repos are already enabling faster settlements, lower operational costs, and continuous market access, supporting the case for blockchain as a core element of future financial infrastructure.
Ripple also confirmed its ongoing participation in the UK Treasury’s Wholesale Digital Markets Taskforce. The Taskforce, working with regulators and private firms, is developing policies to advance the United Kingdom’s digital markets and support the rollout of blockchain-based financial products.
The UK initiative aims to increase the tokenization of real-world assets, including government bonds, corporate debt, money market funds, and repos. These efforts are designed to modernize financial markets while enabling real-time, transparent, and resilient transactions.
Mini dictionary: Repurchase agreement (repo), a short-term loan where one party sells securities to another with an agreement to repurchase them at a set date and price. Repos are widely used in money markets to manage liquidity between financial institutions.
Ripple and institutional adoption of blockchainThe momentum in tokenization is not confined to the UK. Financial institutions around the world are increasingly recognizing the advantages of bringing capital markets onchain. JPMorgan, one of the largest global banks, has underlined the growing importance of tokenized assets and programmable money, describing them as building blocks for the financial market’s next evolution.
Country/InstitutionTokenization StrategyAnnual Output TargetUKWholesale market and real-world asset tokenization£33 billion ($45 billion) by 2035RippleXRP Ledger as core infrastructure for regulated digital marketsGlobal scale (no explicit target)JPMorganAdoption of tokenized assets and programmable moneyNo direct output target statedRipple maintains that the XRP Ledger is well positioned to meet the needs of regulated digital markets. David Schwartz, Ripple’s Chief Technology Officer, has recently highlighted tokenized loans, securities, and repo markets as a significant opportunity for the network, stating that the platform could serve as an institutional backbone for bond issuance, securities processing, tokenized lending, and wholesale funding.
Ripple is working with regulators, financial institutions, and technology partners to shape frameworks that support regulated tokenization and encourage adoption of blockchain solutions in global finance.
As governments and leading institutions accelerate tokenization strategies, Ripple aims to ensure the XRP Ledger is prepared to facilitate large-scale, regulated trading of real-world assets. Observers say that the global financial system is increasingly positioning blockchain not simply as a vehicle for cryptocurrencies but as a foundational technology for markets and payments infrastructure.
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.