The week was filled with exciting news from the world of cryptocurrencies. Here’s a quick recap of the top stories from the week that you might have missed.
Elizabeth Warren Says Legislation that Doesn’t Stop Trump And Family’s Crypto Profiteering Is ‘Failing’ Senator Elizabeth Warren (D-Mass.) on Tuesday criticized any legislation that does not prevent President Donald Trump and his family from profiting from cryptocurrency as a failure to the American people.
Warren stated, “Any crypto legislation that does not stop Donald Trump and his family from continuing to profit off of crypto is failing the American people.”
Read the full article here.
Something Is ‘Brewing’ With Dogecoin, Says Top AnalystLeading cryptocurrency analyst Ali Martinez highlighted a significant increase in Dogecoin‘s (CRYPTO: DOGE) on-chain activity on Saturday, suggesting increased volatility ahead.
Martinez pointed out that active addresses have surged to nearly 50,000 since the start of July, based on data from on-chain analytics firm Glassnode.
Read the full article here.
Eric Trump Says ‘Stacking Continues’ as American Bitcoin Amasses 8,000 BTCEric Trump revealed in a post on X that the firm has achieved a 52% mining profit margin in the first quarter and maintained “one of the lowest” Selling, General, and Administrative ratios in the industry.
“The stacking continues,” Trump said. “Huge congrats to the incredible ABTC team! Onwards we go!”
Read the full article here.
Bitcoin, Ethereum, XRP Got Clobbered in Q2: Here’s What Will Decide Their Fate in Q3Bitwise Chief Investment Officer Matt Hougan called the second quarter the most challenging period for crypto since the 2022 bear market and warned that the market is pricing a 2022-level bottom.
Bitcoin (CRYPTO: BTC) saw a 13.40% drop in the second quarter, extending the crypto winter to nine months, the longest consecutive streak of negative quarterly returns since 2022.
Read the full article here.
Kraken Wants AI to Watch Markets, Build PortfoliosKraken is revamping its app around agentic trading, a move the crypto exchange believes could redefine competition among digital asset platforms.
The technology uses AI agents to monitor markets, identify opportunities, and provide portfolio guidance based on user goals and risk preferences, Kraken told CNBC, according to a Friday report.
Read the full article here.
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I initiate Silence Therapeutics at a speculative Buy, driven by near-term divesiran/SLN124 catalysts in polycythemia vera (PV). SLN's mRNAi GOLD GalNAc-siRNA platform enables infrequent dosing and strong target knockdown, potentially differentiating divesiran from weekly competitors like Rusfertide. Phase 1 SANRECO data show promising phlebotomy reduction and symptom improvement, but safety and efficacy require confirmation in the pivotal Phase 2 readout (August 2026).
Mark Schoenberg, Chief Medical Officer, sold 10,000 ordinary shares of UroGen Pharma Ltd. (URGN 4.15%) on July 9, 2026, for a total value of $400,000, according to an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$400,000Shares sold10,000Post-transaction shares (directly held)119,763Post-transaction value$4.82 millionKey questionsWhat was the mechanism for this transaction?
The sale was conducted under a pre-established Rule 10b5-1 trading plan adopted on August 15, 2025, which provides for automated execution and represents the concluding transaction of that plan's schedule.What is the scale of the insider's remaining direct investment?
Mark Schoenberg continues to hold 119,763 ordinary shares directly.What financial context does UroGen Pharma Ltd. present at this valuation?
The biotechnology company, which develops solutions for urothelial and specialty cancers, reported trailing 12-month revenue of $140.5 million and a net loss of $133.2 million.How does the current market capitalization compare to the transaction level?
The disposition occurred with the company's market capitalization at $2.0 billion, following a period of performance where shares were priced at $40.23 as of the July 9, 2026 market close.Company OverviewMetricValueShare Price (as of market close 2026-07-09)$40.23Market Capitalization$2.0 billionRevenue (TTM)$140.5 millionNet Income (TTM)-$133.2 millionCompany SnapshotUroGen Pharma develops and commercializes innovative solutions for urothelial and specialty cancers, with primary revenue sources including Zusduri, a sustained-release mitomycin formulation for non-muscle invasive bladder cancer, and RTGel, a proprietary reverse thermal gelation hydrogel technology platform.The company operates a commercial-stage biotechnology business model focused on bringing novel therapeutic formulations to market, generating revenue through product sales while continuing to invest in research and development for pipeline expansion.UroGen's primary customers are urology and oncology specialists, with target markets encompassing patients with non-muscle invasive bladder cancer and other urothelial malignancies requiring adjuvant chemotherapy and specialized treatment modalities.UroGen Pharma is a commercial-stage biotechnology company with a $2 billion market capitalization, demonstrating significant growth momentum with a one-year stock appreciation of 191.31%. The company has achieved meaningful revenue scale at $140.5 million TTM while maintaining a focused pipeline strategy centered on proprietary drug delivery technologies for underserved oncology indications. UroGen's competitive advantage derives from its proprietary RTGel platform technology and its established commercial infrastructure for specialty cancer therapeutics, positioning the company as a differentiated player in the niche urothelial cancer treatment market.
What this transaction means for investorsFirst, it’s important to note that this was the final trade in a 10b5-1 plan Schoenberg set almost a year ago, so the timing was locked in long before Schoenberg could know how the firm was necessarily going to be performing. He still holds nearly 120,000 shares worth close to $4.8 million, and a chief medical officer keeping a stake that size while the company's newest drug is inflecting isn't sending any signal about the science.
The launch of Zusduri, UroGen’s new bladder cancer therapy, is what matters here, and it's going well. UroGen's first quarter revenue jumped 152% to $51 million, as a result of the launch, which brought in $29.2 million and more than doubled quarter over quarter after a permanent insurance billing code kicked in. CEO Liz Barrett called January's J-code "a major inflection point," and unique prescribers jumped to 256 from 102 in a single quarter. More recently, the firm announced that the FDA cleared its investigational new drug application for UGN-501, enabling a planned Phase 1 study in patients with non-muscle invasive bladder cancer. It’s expected to begin in the fourth quarter.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Iconiq Strategic Partners VIII Holdings, an entity holding a major stake in Netskope, Inc. (NTSK 0.80%), reported a purchase of 610,291 shares of Class A Common Stock on July 8, according to an SEC Form 4 filing.
Transaction summaryMetricValueShares purchased610,291Transaction value$7.2 millionPost-transaction shares (directly held)610,291Post-transaction shares (indirectly held)66.3 millionPost-transaction value$797.18 millionKey questionsWhat is the structure of the remaining indirect holdings?
The 66.3 million indirectly held shares are distributed across several entities, including ICONIQ Strategic Partners VI, L.P. (~8.7 million shares), ICONIQ Strategic Partners VI-B, L.P. (~12.9 million shares), and ICONIQ Strategic Partners II, L.P. (~13.2 million shares), among others.How does the purchase price align with recent market valuation?
The weighted average acquisition price of $11.82 per share was executed slightly below the July 8 market close of $11.92 and represented a discount to the $12.42 price recorded as of the July 9 market close.Who maintains voting and dispositive power over these shares?
Control is shared among Divesh Makan, William J.G. Griffith, and Matthew Jacobson, who serve as the managing members or equity holders of the various ICONIQ Parent GP entities that oversee the investing funds.What is the financial scale of the issuer?
Netskope currently maintains a market capitalization of $5.0 billion and reported trailing twelve-month revenue of $752.9 million, alongside a net loss of $716.6 million.Company OverviewMetricValueShare Price (as of market close 2026-07-09)$12.42Market Capitalization$5.0 billionRevenue (TTM)$752.9 millionNet Income (TTM)-$716.6 millionCompany SnapshotNetskope, Inc. develops and delivers Netskope One, a unified cloud security platform that provides comprehensive data protection, secure access, threat prevention, and networking capabilities across cloud applications and web services.The company operates a subscription-based software-as-a-service (SaaS) business model, generating recurring revenue from enterprise customers through platform licensing and support services.Netskope serves large enterprises and mid-market organizations that require integrated cloud security solutions to protect data and ensure secure access across modern cloud-native environments.Netskope is a leading cloud security provider with a market capitalization of $5.0 billion and TTM revenue of $752.9 million, serving a growing market of enterprises transitioning to cloud-first architectures. The company's Netskope One platform consolidates multiple security functions into a single, integrated solution, providing competitive differentiation through comprehensive visibility and protection across cloud services and web activity. As a pure-play cloud security vendor, Netskope is positioned to benefit from sustained enterprise investment in cloud infrastructure security and data protection initiatives.
What this transaction means for investorsThis purchase ultimately reads as a big, patient backer leaning into weakness rather than heading for the door. ICONIQ was already Netskope's largest shareholder before adding this stake, and buying roughly 610,000 more shares at $11.82 after the stock got cut down from its post-IPO levels is the opposite of the insider selling you usually see in a name this young. When the firm that knows the company best is averaging down, it's a signal worth more than any single executive's trim would be.
Meanwhile, the business behind the buy is still growing fast, even if the stock hasn't reflected that. Netskope's most recent quarter delivered revenue of $201.6 million, up 28%, with annual recurring revenue climbing 29% to $845 million. But shares tumbled after that report on soft free cash flow and a CFO transition, and the company is still deeply unprofitable. CEO Sanjay Beri leaned hard on the "AI Supercycle," arguing Netskope was built for securing enterprise AI and agents, and ultimately, for long-term investors, ICONIQ's buy is a vote of confidence, but it still warrants caution. Net new ARR actually slipped year over year, and the path to positive free cash flow is important to watch as well.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The stablecoin market has shrunk by roughly $10 billion since its May peak, including a $7.7 billion decline just in June.On a percentage basis, though, it was just a 3% fall; still modest compared with the 26% contraction during the 2022 crypto bear market.Newer regulated issuers are beginning to chip away at the dominance of USDT and USDC, according to data.The stablecoin market posted its biggest retreat in years in June, a sign that onchain liquidity has dwindled as crypto markets continued to consolidate near 2026 lows.
Last month saw a $7.7 billion decline in stablecoin market capitalization, the largest dollar amount since May 2022, when blockchain protocol Terra-Luna collapsed, kickstarting a brutal bear market often dubbed as crypto winter, CoinDesk Data reported.
Stablecoin market capitalization (CoinDesk Data)Zooming out, the total value of stablecoins in circulation has fallen ny roughly roughly $10 billion since its May peak, according to data from RWA.xyz. It's about a 3% drop on a percentage basis, the largest such downtrend since 2023, but well shy of 2022's 26% collapse.
The decline has been driven mainly by the two dominant issuers. Tether's USDT, the largest stablecoin, has seen its market capitalization fall to roughly $184 billion from $190 billion in May, a decline of about $6 billion. Circle's USDC has dropped to around $73 billion from its March 2026 peak of just shy of $80 billion, shedding another $7 billion.
The setback is notable because it runs counter to the bullish outlooks of Wall Street banks on stablecoin growth. Last year, global bank Citi revised its stablecoin growth forecast for 2030 to $1.9 trillion in its base case and $4 trillion in a bull case, up from $1.6 trillion and $3.7 trillion, respectively. Standard Chartered projected a $2 trillion market by 2028.
The decline also carries broader relevance for the crypto market. Major stablecoins are widely used as the quote currency for crypto trading and increasingly for payments and settlement, making changes in their supply a closely watched gauge of liquidity flowing into or out of digital assets.
Nothing like the 2022 crypto winterThe pullback may seem dramatic, but it's modest by historical standards.
A similar pullback occurred between December 2025 and February 2026, when stablecoin supply fell by roughly $9 billion before bouncing to a new record. That coincided with a major correction in cryptocurrencies, with bitcoin plunging from around $95,000 to $60,000.
Altogether, the stablecoin market has largely stalled around $300 billion since October (coinciding with bitcoin hitting its $126,000 record) after more than doubling in size in two years.
The 2022 bear market, marked by major implosions like crypto exchange FTX and lenders Celsius, BlockFi and Genesis, was far more severe for stablecoins.
The combined market capitalization of major stablecoins fell from roughly $166 billion in March 2022 to $122 billion by September 2023, RWA.xyz data shows — a decline of over 26% as investors pulled money from the digital asset market.
Tether's USDT fell from $78 billion to $65 billion between March and November 2022. For USDC, the downtrend took much longer to play out, falling from $55 billion in July 2022 to below $24 billion by November 2023, exacerbated by its banking partner Silicon Valley Bank's collapse in 2023 March.
The implosion of TerraUSD, the algorithmic stablecoin of the Terra-Luna crypto project, also wiped out $18 billion from the stablecoin market.
The current decline is only a temporary setback in a long-term uptrend, one analyst said.
"The recent decline in stablecoin market cap represents a relatively small pullback in what we believe is a long-term growth market," said Paul Howard, senior director at trading firm Wincent.
"Short-term fluctuations in liquidity are normal, but they don’t change our view that stablecoins will continue to play an increasingly important role in the digital asset ecosystem," he added.
Increasing stablecoin competitionLooking beyond the headline decline, the trend appears more nuanced.
Part of the slowdown reflects a changing competitive landscape. As stablecoins move beyond crypto trading and into mainstream payments, new issuers have entered the market following regulatory progress such as the GENIUS Act in the U.S.
While Tether's USDT and Circle's USDC have both seen supply decline recently, several smaller competitors have expanded. Global Dollar (USDG), issued by Paxos and backed by a consortium including Robinhood, surpassed $3.2 billion in circulation, while USDGO, issued by Anchorage Digital with Hong Kong's OSL Group, nearly doubled to $900 million, CoinGecko data shows.
More competition is on the way, too. OpenUSD, backed by a group of payments and financial firms, is among several newcomers looking to challenge the dominance of USDT and USDC.
Even so, stablecoin growth has historically coincided with bull markets by providing fresh onchain buying power. Shrinking aggregate supply removes a tailwind for crypto markets, making it harder for cryptocurrencies to sustain rallies unless new demand emerges.
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Digital Assets: Quarterly Review and Outlook Q2
Digital Assets: Quarterly Review and Outlook Q2
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Jul 10, 2026
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Why it matters:
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Thailand’s central bank is considering measures requiring anyone depositing 5 million baht ($150,000) or more in cash to prove the origin of the funds.
This is part of a fourth-quarter push that also puts Tether (USDT) transactions under a joint audit with securities regulators.
Why Thailand Is Watching USDTBank of Thailand (BOT) Governor Vitai Ratanakorn framed the measures as a strike against the country’s grey economy. The push, reported by Thansettakij, extends the central bank’s grey-money campaign to digital assets.
Vitai said in January that roughly 40% of USDT sellers on local platforms were foreigners. He argued they should not be operating in Thailand.
The BOT is now working with the Securities and Exchange Commission (SEC) to review unusually high-volume USDT trading. Authorities have identified transactions that may indicate disclosure avoidance or the movement of funds outside standard financial channels.
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Cash and Bullion Rules TightenThe deposit rule complements checks already applied to large withdrawals. Since April, cash withdrawals above 5 million baht have faced enhanced due diligence. The value of large cash withdrawals has since fallen 35%.
The BOT is reviewing the legal framework before issuing the deposit requirements.
“In addition, it is considering measures for high-value banknote exchanges — such as bringing in large quantities of 1,000-baht notes to exchange for 100- or 500-baht notes — which may require an explanation of the reason for the transaction,” the report read.
In addition, the BOT has tightened oversight of gold trading to limit its impact on the baht and detect suspicious activity.
“The measures we are implementing are not short-term fixes; they require the continuous deployment of multiple parallel strategies,” Governor Vitai said.
The coming quarter will test how far the BOT can extend its reach.
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TL;DR The Bank of Thailand and the SEC are reviewing high-value USDT transactions over concerns about hidden ownership and remittance bypass. Individuals depositing 5 million baht ($150,000) or more in cash will be required to verify the source of their funds. The measures form part of a wider crackdown on the country’s shadow economy, covering banks, currency exchanges, bullion dealers, and digital assets. Thailand continues aligning its crypto regulations with international AML requirements through stronger monitoring and reporting rules for digital asset transactions. Thailand is stepping up its oversight of high-value cryptocurrency activity as regulators broaden efforts to curb illicit financial flows. The Bank of Thailand (BOT) is working alongside the country’s Securities and Exchange Commission (SEC) to examine large stablecoin transactions, particularly those involving USDT, amid concerns that digital assets could be used to conceal ownership or bypass domestic remittance channels.
The move comes as the central bank prepares to introduce stricter banking rules later this year, requiring anyone depositing 5 million baht (around $150,000) or more in cash to provide evidence showing where the funds originated.
New Rules Expand Scrutiny Beyond Cash According to local reports, the upcoming measures form part of a broader campaign against Thailand’s so-called “grey economy,” economic activity that operates outside normal regulatory oversight.
Governor Vitai Ratanakorn said the new framework is designed to strengthen financial transparency rather than serve as a temporary enforcement campaign. The central bank plans to expand compliance requirements for commercial banks, currency exchange businesses, bullion dealers, and entities handling large digital asset transactions.
The latest proposal follows restrictions introduced earlier this year that required customers withdrawing at least 5 million baht in cash to explain why electronic transfers or other payment methods could not be used. Authorities said those rules contributed to a 35% decline in large cash withdrawals, prompting regulators to introduce similar verification requirements for deposits.
USDT Transactions Come Under the Spotlight Stablecoins have become another area of focus, especially as USDT faces increased scrutiny in Europe.
The Bank of Thailand and the SEC are reviewing sizeable USDT transactions amid concerns that some transfers may obscure beneficial ownership or circumvent traditional cross-border payment systems. Officials are also assessing whether certain market participants are using stablecoins as a channel for unregulated capital movement.
Earlier this year, Governor Ratanakorn revealed that roughly 40% of USDT sellers on Thai platforms were foreign nationals, raising additional questions about compliance with domestic trading rules and anti-money laundering operations. Although Thailand’s crypto market remains relatively small compared with the country’s foreign exchange market, regulators believe closer monitoring is necessary as digital asset usage expands.
SEC Strengthens Digital Asset Compliance The crackdown also aligns with broader regulatory initiatives already underway.
In June, Thailand’s SEC launched a public consultation on new Travel Rule requirements for digital asset businesses. The proposal would require licensed platforms to collect and transmit sender and recipient information for crypto transfers, bringing Thailand closer to international anti-money laundering standards.
The regulator has also outlined additional measures aimed at improving blockchain transaction monitoring, strengthening fund-tracing capabilities, and enhancing oversight of stablecoin transactions conducted through licensed digital asset operators. These initiatives are being developed in cooperation with the Bank of Thailand and the country’s Anti-Money Laundering Office.
Thailand has generally positioned itself as one of Southeast Asia’s more active digital asset markets, introducing crypto-friendly policies while maintaining strict licensing requirements for exchanges and service providers.
Thailand’s central bank and Securities and Exchange Commission have initiated a coordinated effort to tighten oversight of significant digital asset transactions, with a focus on the stablecoin USDT. The Bank of Thailand is preparing to implement stricter banking rules, requiring any individual depositing 5 million baht ($150,000) or more in cash to provide clear documentation verifying the origin of those funds.
New compliance rules for financial institutionsThe central bank’s initiative, headed by Governor Vitai Ratanakorn, aims to enhance financial transparency across the country’s banking and financial sectors. Under the new framework, commercial banks, foreign currency exchanges, bullion dealers, and entities managing large digital asset transfers will all need to comply with expanded regulatory requirements.
Authorities have stated that these controls are part of a broader push to address the “grey economy” in Thailand, encompassing economic activities that operate outside standard regulatory channels. By tightening regulations on both cash and digital asset flows, officials hope to reduce opportunities for hidden ownership and unregulated financial movement.
New rules introduced earlier in the year required customers making cash withdrawals above 5 million baht to explain why electronic means could not be used. Officials have reported a 35% drop in large cash withdrawals following these requirements. As a result, similar documentation standards will now apply to corresponding large deposits.
Large USDT transfers under scrutinyAlongside cash deposit reforms, the Bank of Thailand and the SEC have begun closely monitoring high-value USDT transactions. Concerns have been raised that some digital asset transfers may help obscure actual ownership or allow market participants to bypass traditional remittance systems.
Officials are also reviewing whether stablecoins, particularly USDT, are being used to facilitate cross-border capital flows that avoid regulatory oversight. Governor Ratanakorn has reported that about 40% of USDT sellers on Thai exchanges are foreign nationals, prompting further examination of potential compliance gaps with local anti-money laundering standards.
While Thailand’s overall crypto market remains smaller than its deep foreign exchange market, regulators argue that a stronger monitoring approach is necessary as digital asset usage continues to expand.
Mini dictionary: USDT, also known as Tether, is a stablecoin designed to maintain a value pegged to the US dollar. It is widely used in crypto trading for quick, stable transfers between platforms and fiat currency equivalents.
Regulators claim the new compliance framework is intended to “strengthen financial transparency” and not just serve as a temporary crackdown on irregular economic activities.
Transaction TypeMin. Amount for ScrutinyRequired ActionCash Deposit5 million baht ($150,000)Proof of funds’ originCash Withdrawal5 million baht ($150,000)Justification for not using digital transferLarge USDT TransferAny high-value transactionBeneficial ownership checksSEC sharpens digital asset regulationIn June, Thailand’s SEC, the country’s primary securities market regulator, began a public consultation on new Travel Rule requirements. This proposal will oblige licensed digital asset platforms to collect and transmit detailed information about both senders and recipients for all crypto transactions, aligning with international anti-money laundering (AML) guidelines.
The SEC is also working on enhanced measures to improve blockchain transaction monitoring, expand fund-tracing capabilities, and reinforce oversight of all stablecoin operations conducted through licensed providers. Initiatives are being finalized in coordination with the Bank of Thailand and the Anti-Money Laundering Office.
Thailand has developed into one of Southeast Asia’s more active digital asset markets, maintaining a balance between crypto-friendly policy and rigorous licensing requirements for trading platforms and digital asset services.
Officials are reviewing whether digital assets such as USDT are being used to bypass traditional cross-border payment systems and facilitate unregulated capital movement. The SEC expects new measures to bring Thailand’s digital asset oversight closer to international norms for anti-money laundering and transparency.
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.
Meta Platforms (META +6.16%) just closed out quite an eventful week. Shares of the social media giant jumped about 6% on Friday alone as investors warm back up to CEO Mark Zuckerberg's aggressive artificial intelligence (AI) strategy.
The company has given them plenty to work with this year. Growth is accelerating, its new AI lab released its first model this spring, and capital spending guidance now tops $125 billion.
But let's zoom out for a second. How has the stock done over the long haul? Specifically, how much would $10,000 invested in Meta a decade ago be worth today?
Image source: Getty Images.
How the math works out In 2016, Meta -- then still called Facebook -- traded at an average price of about $116 per share. A $10,000 investment at that price would have bought about 86 shares. With the stock trading near $670 as of this writing, those shares would be worth roughly $57,600 today, a nearly sixfold gain.
And dividends sweeten the total a little. Meta initiated its first-ever dividend in early 2024 at $0.50 per share quarterly, and the quarterly payout now stands at $0.525 per share. Those 86 shares would have collected a bit over $400 in dividends so far, bringing the total value to about $58,000.
That works out to a compound annual growth rate of about 19%.
The engine hasn't slowed Of course, none of that return is available to anyone buying today. What matters now is whether the business that produced it is still performing.
What impresses me most is that ten years in, Meta's growth is accelerating, not fading. Revenue rose 22% in 2025 to $201.0 billion, and the growth rate stepped up through the year, from 24% year over year in the fourth quarter to 33% in the first quarter of 2026, when revenue hit $56.3 billion. The formula hasn't changed, either. The company sells more ads, at higher prices, across Facebook, Instagram, WhatsApp, and Messenger. Ad impressions rose 19% year over year in the first quarter, the average price per ad rose 12%, and an average of 3.56 billion people used at least one of Meta's apps each day in March.
All that advertising produces enormous profits. Meta's first-quarter operating income rose 30% year over year to $22.9 billion. And shareholders are seeing plenty of the cash. The company spent over $26 billion on share repurchases in 2025, paid another approximately $5 billion in dividends and dividend equivalents, and still ended the year with more than $81 billion in cash and marketable securities.
And the company is spending like it believes the next decade holds more. Meta recently raised its 2026 guidance for capital expenditures to a range of $125 billion to $145 billion, much of it aimed at AI infrastructure. Its second-quarter outlook, meanwhile, calls for revenue of $58 billion to $61 billion.
"We had a milestone quarter with strong momentum across our apps and the release of our first model from Meta Superintelligence Labs," said Zuckerberg in the company's first-quarter earnings release.
That spending is also the market's biggest worry about the stock. If the AI investments don't pay off in continued growth, today's expense ramp could weigh on profits for years to come. This past week, at least, investors treated the spending as a positive.
Today's Change
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670.40
Should investors expect a repeat? Sure, the backtest is fun. But nobody should buy Meta stock expecting another 19% a year for a decade. The company is vastly larger today than it was in 2016, and growth can get harder with size. Additionally, competition for attention and ad dollars isn't easing, and regulators around the world continue to scrutinize the company.
But the stock's price doesn't demand a repeat, either. Shares trade at about 19 times forward earnings -- a reasonable multiple for a company that just grew revenue 33% year over year -- even accounting for the risks of a $125 billion-plus spending plan. That valuation multiple, of course, could come down if growth slows, but this multiple also hardly assumes another decade of dominance.
After all, the lesson of the decade-long backtest isn't that Meta was a once-in-a-generation bargain in 2016. It's that an enormously profitable business kept compounding while plenty of investors found reasons to sell along the way.
For long-term investors, I think Meta remains a solid holding today. I just wouldn't let a $58,000 backtest set my expectations for the next ten years.
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Artificial intelligence has completely changed the narrative for this decade. Hyperscalers continue committing hundreds of billions of dollars to data centers, Nvidia (NASDAQ:NVDA | NVDA Price Prediction) can’t manufacture AI chips fast enough to satisfy demand, and companies across nearly every industry are racing to deploy generative AI.
Investors have rewarded those building the infrastructure. Yet infrastructure spending is only half the story. The harder question is whether the companies buying AI are generating enough financial returns to justify the investment. According to venture capitalist Chamath Palihapitiya, that answer may soon determine the next stage of the AI boom.
The Productivity Numbers Aren’t Matching the Spending During a recent episode of the All-In podcast, Palihapitiya argued that the AI return-on-investment chickens are finally coming home to roost. His point wasn’t that AI has failed. Rather, he challenged investors to separate the companies selling AI from those buying it.
Excluding Nvidia, the cloud providers, semiconductor equipment manufacturers, and other AI infrastructure leaders, if you examine what the rest of corporate America has actually earned from its AI investments, you find a completely different situation.
The S&P 493 — the S&P 500 excluding the largest technology companies driving the AI boom — has produced roughly 9% earnings-per-share growth since generative AI entered the mainstream. Yet Palihapitiya believes only about 0% to 2% of that growth stems from AI-driven productivity. The remainder reflects inflation-driven pricing power and aggressive share buybacks rather than genuine operating improvements.
That distinction matters because AI spending continues accelerating while measurable productivity gains remain elusive.
The Data Suggests CFOs Are Losing Patience Let’s compare the investment boom with the financial results.
Metric Latest Data Source Enterprise GenAI spending (2025) ~$37 billion Industry estimates Growth versus prior year More than 3x Industry estimates CEOs reporting no AI revenue or cost improvement 56% PwC 2026 CEO Survey CEOs seeing both higher revenue and lower costs 12% PwC 2026 CEO Survey Estimated AI-driven EPS contribution for the S&P 493 0% to 2% Chamath Palihapitiya analysis The PwC 2026 CEO Survey reinforces Palihapitiya’s concern. More than half of CEOs reported AI had neither increased revenue nor reduced costs. Only 12% experienced both outcomes simultaneously.
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The industry even has a name for this phenomenon: pilot purgatory. Companies successfully demonstrate AI in small pilot projects but struggle to deploy it broadly enough to produce measurable financial gains. Meanwhile, spending has shifted from experimental innovation budgets into core operating budgets, placing AI investments under the scrutiny of chief financial officers rather than innovation teams.
Palihapitiya isn’t arguing AI belongs in that category forever. His point is that capital has a cost. If AI spending continues doubling, tripling, or quadrupling, those investments eventually need to generate returns above the risk-free rate available from Treasury securities. Otherwise, companies would have been better off leaving the cash on their balance sheets.
That’s an uncomfortable conversation because investors have largely focused on AI’s astonishing capabilities rather than its financial output. Capabilities alone don’t determine shareholder returns. Earnings growth, free cash flow, and return on invested capital do.
Key Takeaway In short, the AI investment story is entering a new phase. Building powerful models and deploying chatbots impressed investors during the first wave. The second wave will demand proof that AI expands margins, lifts productivity, and generates measurable earnings growth.
That doesn’t spell trouble for AI leaders like Nvidia or the hyperscalers, whose revenues continue reflecting strong infrastructure demand. But for the thousands of companies spending billions to adopt AI, the spotlight is shifting. Investors should spend less time asking whether AI works and more time asking whether it earns more than it costs.
Ultimately, the companies that can answer that question with hard financial results — not demonstrations — are likely to produce the next generation of market winners.
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TOPSHOT - The Netflix logo is displayed at the entrance to Netflix Albuquerque Studios film and television production studio lot in Albuquerque, New Mexico on October 13, 2023. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)
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When it comes to weekly news cycles, Netflix has just had a particularly bad one.
It began when Bloomberg’s Lucas Shaw wrote a piece arguing that Netflix’s subscriber engagement seems to decreasing, and that a number of shows recently returned for a second season to rapidly declining viewing numbers.
That piece set off a fire storm of industry hot takes and gleeful dunking on Netflix from people who believe the streamer has permanently damaged the economic model of Hollywood.
Then on Thursday, the Wall Street Journal published a piece reporting that Netflix executives, concerned about dropping subscriber engagement numbers, are exploring bundles with other streamers as well as what the story describes as “live channels” inside the Netflix app.
That story in particular was aggregated by every media reporter I saw, and many of them took the easy approach of arguing this was just another sign that Netflix was “reinventing the cable bundle,” or “becoming the next TikTok.”
And that argument seemed to be reinforced by recent deals made by the streamer to add a number of video podcasts to its service. “Netflix has lost its way,” critics argued. “It wants to be more like YouTube. It’s going to launch a free version of its service. It’s going to allow creators to upload video directly onto the platform.”
Sure, most of the stories are just based on speculation and a healthy misunderstanding of how Netflix’s business model really works. But why not speculate? Because in the world of hot takes, there is no real penalty for getting it wrong. However, if you somehow stumble across the truth, there’s money to be made hyping your insight.
This is not to say that every piece you’ve read about Netflix over the past week is wrong. But the reporters who actually understand the company and where it may be headed can probably be counted on not much more than one hand.
Part of the blame for this confusion lies on Netflix’s executives, who have never been willing to sit down and provide a look at the company’s strategy. Their interviews tend to be long on vague assurances they’re just following the dictates of their subscriber base. The problem is that in the absence of substantive conversations, the vacuum is filled with a lot of often ill-informed speculation. And it’s especially a bad strategic when you are talking (or not talking) about a company whose stock price has been inextricably linked to its story.
I’ve been covering Netflix since it was a one-DVD warehouse company based in the S.F. Bay area. I’ve been able to nurture a number of sources inside its executive ranks over the years and there are people there I speak with off the record maybe once a month. And while my newsletter letter TooMuchTV tends to punch above its weight when it comes to reporting on the media and the streaming industry, if Netflix executives are speaking with me, they’re certainly speaking to other reporters.
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And yet, I haven’t seen anyone making the argument that much of what you’ve read about Netflix this week is wrong. And that while the company faces some real industry headwinds and challenges as it battles competition in the marketplace, it also has a good story to tell. If anyone in the company was willing to talk about it publicly.
What Netflix Executives Aren’t Telling You
First, Netflix executives will note that while engagement has dipped as has been reported, there are a couple of important caveats to the story. First, engagement issues are very much a problem across the streaming industry and the problem is primarily limited to more mature markets - North America, the UK, Western Europe and some parts of Asia.
Their working theory seems to be the engagement problems are primarily driven by two factors: competition from other non-SVOD platforms as well as the fact that in mature markets, every SVOD is hitting its natural ceiling for market growth. “Our ceiling might be different than Paramount+, as an example,” one Netflix executive shared with me this week. “But at some point, you’re reached all the people likely to subscribe to your service without some substantial discount.”
The other challenge comes from all the other choices for screentime: social media, YouTube, TikTok, gaming, FAST channels, etc. And this is reason that is driving many of Netflix’s recent decisions regarding video podcasts and licensing lifestyle content.
I haven’t seen any indication that bingeing has any substantial impact on engagement. If you examine ratings numbers on the original programs that are released on other SVOD platforms, a weekly or binge release decision doesn’t seem to have much of an impact. Unless it’s a half-hour show that is released weekly and in that case, not releasing multiple episodes seems to negatively impact viewing numbers.
In the end, what seems to matter is not the frequency in which the episodes are released. It comes down to quality and the amount of marketing available for the title.
The Impact Of Netflix PR On Second Season SlumpsIn fact, I would argue that marketing and PR has had a substantial impact on the second season performance of Netflix shows.
Netflix very famously doesn’t have a lot of faith in the traditional press to move the viewing needle on its programs. Executives there have a lot of faith in the ability of the Netflix algorithm and its UI to drive interest and help content discovery. It relies heavily on its inhouse entertainment web site Tudum.com for press coverage. And it generally embargoes reviews in most cases until the day the program premieres.
And while that approach works reasonably well on new titles (although it doesn’t help titles that are a lower priority), it doesn’t seem to work nearly as well on follow-up seasons. Marketing for returning seasons isn’t about introducing a show, it’s about reminding viewers that it’s coming and why they enjoyed it the first time around. And that requires a very different subset of promotional skills.
The Truth About Netflix And FAST Channels
Which brings me to Netflix adding “live” channels.
It was mentioned as part of the Wall Street Journal story, and a number of reporters jumped immediately to “Netflix wants to turn into Pluto or Tubi.” Which is a serious misread of the situation.
The WSJ piece mentioned live channels, but didn’t really specify what that would look like. But one thing that is almost certain is that it won’t include Netflix becoming the new home for the 24/7 UFO Mysteries FAST channel.
When Netflix talks about live channels, they are talking about curated channels that feature programming already on Netflix. And this is an idea they have been circling around for years.
A look at Netflix Direct
Netflix, 2020
In 2020, Netflix briefly launched Netflix Direct in France, which was a series of curated live channels that focused on current Netflix originals. And more than 18 months ago, a couple of Netflix engineers walked me through an early Alpha build of a Netflix interface that included a similar approach.
While it’s not clear that Netflix executives have made a final decision of the approach, that is my hunch on what will be rolled out in North America. A series of curated 24/7 live channels focusing on current Netflix programming. And along those lines, I have heard that in recent months, Netflix has been nailing down the rights to stream licensed titles in their own exclusive 24/7 live channels on Netflix.
The early success of Netflix’s deal in France to stream live and on-demand content from broadcaster TF-1 points to another possibility for Netflix in the U.S. The big challenge here is that it’s not clear if any broadcaster would be interested in cutting such a deal.
Which is one reason I think you are seeing speculation that Netflix might somehow bundle with Peacock. A platform bundle is unlikely - Netflix has notoriously shied away from bundles other than in some telecom deals. In large part because a bundle inherently means less money per subscriber for Netflix.
But what is more likely is a scenario in which Netflix adds Peacock-branded on-demand content from Peacock, along with some live channels that are essentially 24/7 ad-free streams of Peacock content on Netflix.
Netflix Is Not Becoming ‘The Next YouTube’
I’ve seen a lot of comments arguing that by leaning hard into video podcasts, Netflix is trying to somehow become the next YouTube. A point of view that misunderstands both YouTube and Netflix.
Yes, it’s true that one of the reasons why Netflix is licensing video podcasts is because it wants to boost engagement as well as tap into the younger audiences of various creators.
But Netflix is also taking advantage of several YouTube weaknesses. Big-time creators make a lot of money from YouTube, but also are unhappy with the advertising revenue at the company. CPM has been dropping for many streamers, and that is in part due to the fact that advertisers continue to be wary about paying top money to advertise on a platform that contains so much filler and possible problematic programming.
Netflix can offer creators what YouTube can’t - a guaranteed paycheck along with a safe and curated environment. The streamer has been willing to work on the terms of deals - offering everything from a pure licensing deal to exclusive partnerships.
In a sense, Netflix is becoming a premium YouTube for top creators. And while other streamers are experimenting with similar content, Netflix’s UI provides the best presentation now available for the podcasts.
The 23-Episode TV Season Conundrum
Anytime the subject of streaming television comes up in Hollywood, the topic of shortened streaming TV seasons comes up. There are mentions of the golden days of Hollywood when 23-epiosode seasons were the norm and it was still possible to have a middle-class career was a Hollywood creative.
And those expanded seasons had the added benefit of making Hollywood’s programming more popular overseas. Having hundreds of episodes of TV shows available for licensing is an immensely powerful selling point.
But what people in the industry tend to memory hole is that even in the glory days of broadcast television, the 23-episode season was on outlier in the television industry. It was only financially feasible in the United States, where a unique set of constraints - including a massively profitable cable TV bundle - made those long seasons possible.
Nearly every other country has always relied primarily on 8-12 episode seasons for scripted television. And while I agree that those extended seasons here had creative value and boosted the income of Hollywood’s creatives. I don’t see how those golden days can ever return.
No, Netflix Is Not 'Reinventing The Cable TV BundleFinally, I’ve read a number of pieces this week that argue that Netflix is “reinventing the cable TV bundle” or “rediscovering the successful TV model it broke in the first place.”
Netflix gets blamed for a lot of the problems in Hollywood and certainly its success hasn’t been helpful. But the cable TV bundle was only financially successful because it was a near monopoly. If you wanted cable TV, you likely only had two choices. Whatever cable company owned the local cable TV monopoly, or satellite television.
That monopoly allowed media companies and networks to regularly raise their carriage prices and local affiliates to boost their retransmission fees. All of that was passed along to cable TV customers. Yes, it was a great deal for Hollywood and for the media companies. But once the internet came along and other options were available, it was doomed to slowly fade away.
Netflix didn’t severely wound Hollywood. Greed was a large part of it, along with the growth of the internet and the shift of production to parts of the world that now include the deadly mix of world class production facilities and non-union production crews.
I have my own problems with Netflix and it is certainly not the perfect company. But if you’re going to complain about the company, at least complain about the right things.
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Two retirees can both pull $100,000 from $2 million income portfolios and still land in very different places after tax. If one stream is mostly qualified dividends and the other is mostly ordinary income, the first retiree may keep about $79,000 after a 15% federal qualified-dividend rate and 6% state tax. The second may keep about $70,000 after a 24% federal ordinary-income rate and 6% state tax.
That gap is tax classification. The yield shows up on the brokerage screen. The tax character shows up later, when the dividend lands on a 1099-DIV, K-1, or Medicare premium notice.
The Four Buckets Every Dividend Dollar Falls Into Income investors commonly run into four very different tax categories, each with its own rules:
Qualified dividends from U.S. corporations held long enough: taxed at long-term capital gains rates of 0%, 15%, or 20%. Ordinary income distributions from REITs and BDCs: generally taxed at marginal income-tax rates up to 37% federal. Qualified REIT dividends may also qualify for the 20% Section 199A deduction, but BDC dividends generally do not get that same break. Tax-exempt interest from municipal bonds: generally federal-tax-free, and often state-tax-free when the bonds are issued in your home state, though fund holdings and state rules matter. Return of capital from MLPs: generally tax-deferred because it reduces your basis, with taxes due when units are sold. Part of the gain may be taxed as ordinary income because of depreciation recapture, and the rest may be capital gain. That is why two identical yields can produce very different spendable income. A qualified dividend can be taxed at long-term capital-gains rates. A nonqualified dividend is generally taxed as ordinary income. The difference is simple in concept, but expensive in practice.
Five Income Streams, Five Different Take-Home Numbers Assume a married couple in the 24% federal bracket with a 6% state tax rate, and ignore the 3.8% net investment income tax for simplicity. Here is what a $10,000 annual payout can look like after tax across five common income vehicles.
Johnson & Johnson (NYSE:JNJ | JNJ Price Prediction) pays a qualified dividend, with a current annualized payout of $5.36 after its 2026 increase to $1.34 quarterly. At a 15% federal qualified-dividend rate plus 6% state tax, a $10,000 qualified-dividend payout leaves roughly $7,900 before any NIIT. J&J has raised its dividend for 64 consecutive years.
Realty Income (NYSE:O) yields about 5.2% with a recent monthly dividend of $0.271 per share. REIT distributions are generally ordinary income, but qualified REIT dividends may receive the 20% Section 199A deduction. If the full $10,000 qualifies for that deduction, a 24% federal bracket and 6% state tax would leave about $7,480, not $7,000.
Ares Capital (NASDAQ:ARCC), the largest publicly traded BDC by market capitalization as of March 31, 2026, declared a $0.48 quarterly dividend for the second quarter of 2026. BDC distributions are generally taxed as ordinary income, so a $10,000 payout would leave about $7,000 after a 24% federal tax and 6% state tax, before any NIIT.
Enterprise Products Partners (NYSE:EPD) can be powerful on a tax-adjusted basis. The MLP’s 2026 distribution rate is $2.20 per unit annualized, and Enterprise reports 27 consecutive years of distribution growth. Much of an MLP distribution is often tax-deferred return of capital that reduces basis, so current-year take-home can be high. The tradeoff is K-1 paperwork, basis tracking, and potential ordinary-income recapture when units are sold.
iShares National Muni Bond ETF (NYSEARCA:MUB) had a 30-day SEC yield of 3.34%, a 12-month trailing yield of 3.16%, and a 0.05% expense ratio in late June 2026. For an investor facing a combined 30% federal-and-state tax rate, a 3.34% federally tax-exempt yield equals about 4.77% on a taxable-equivalent basis, before considering state tax treatment or AMT exposure.
The IRMAA Cliff That Quietly Costs Retirees Thousands Cross $109,000 in MAGI as a single filer (or $218,000 joint), and your Medicare Part B premium jumps from $202.90 to $284.10 a month, plus a Part D surcharge of $14.50. That is roughly $1,150 a year per spouse, triggered by a single dollar over the line. Municipal bond interest, while federally exempt, still counts toward MAGI for IRMAA. Return-of-capital from EPD does not.
Inflation Is the Other Tax Headline PCE inflation reached 4.1% year over year in May 2026, while the 2026 Social Security COLA came in at 2.8%. A flat 10% BDC distribution loses purchasing power whenever inflation is positive. A 2% qualified dividend compounding at 6% would take about 28 years to reach a 10% yield on cost, so dividend growth helps, but it does not “catch” a 10% starting yield within a decade.
Three Moves That Actually Change Take-Home Asset-locate by tax class. BDCs and REITs often fit better inside retirement accounts because much of their income is taxed as ordinary income in taxable accounts. Qualified-dividend payers like J&J can be attractive in taxable accounts when the investor qualifies for the 15% or 0% qualified-dividend rate. MLPs are often better suited to taxable accounts because retirement-account ownership can create UBTI concerns and may waste some of the tax deferral.
Run the tax-equivalent yield on munis before dismissing them. In high-tax states like California, New York, or New Jersey, an in-state muni can beat a higher-yielding taxable bond on a net basis, but the answer depends on the investor’s federal bracket, state bracket, fund holdings, AMT exposure, and whether the bond income affects IRMAA.
Model your MAGI against IRMAA thresholds. A Roth conversion in a low-income year can reduce future required distributions, but the conversion itself raises MAGI in the year it is done. A deliberate shift from ordinary-income distributions to qualified dividends may also help, but qualified dividends still count in AGI and can still affect IRMAA.
The Number That Actually Funds Retirement The headline yield is the marketing number. The after-tax, after-IRMAA, after-inflation number is the one that funds the grocery bill. In retirement, the best income stream is not always the largest one on paper. It is the one that survives taxes, Medicare thresholds, and inflation with the most spendable cash left over.
Contact [email protected] for any questions or corrections.
Equities rose last week, shrugging off the President Donald Trump’s declaration that the cease-fire with Iran is “over.” The S&P 500 index gained 1.2% while the Nasdaq Composite jumped 1.7%. Wall Street probably looked through the end of the cease-fire as the U.S. also said that it was continuing talks with Iran.
PepsiCo (NASDAQ: PEP | PEP Price Prediction) and Procter & Gamble (NYSE: PG) both just handed investors fresh earnings, and the businesses behind the tickers are steering in noticeably different directions.
Pepsi posted Q2 2026 results on July 8 with international momentum leading the way. P&G’s fiscal Q3 earnings report landed in late April, driven by Beauty. Both beat, both reaffirmed guidance, and both are wrestling with tariffs.
Snacks Wobble at Pepsi. Beauty Powers P&G. Pepsi delivered core EPS of $2.20 on $24.18 billion in revenue, up 6.4% year over year. The tell was geography. Latin America Foods jumped 15%, EMEA rose 10%, and Asia Pacific Foods climbed 12%, while PepsiCo Foods North America slipped 2% on lower effective net pricing.
That is a real business problem for Frito-Lay economics at home, even as CEO Ramon Laguarta pointed to “the highest rate [of global organic volume growth] since 2022”.
P&G’s story was different in texture. Net sales of $21.24 billion grew 7.4%, with Beauty up 7% organically on Hair Care, Skin Care, and Olay premiumization. Every one of the five segments grew. Core EPS came in at $1.59, beating the $1.5552 consensus. New CEO Shailesh Jejurikar framed it plainly: “broad-based growth across product categories and regions.”
Business Driver PepsiCo P&G Main Growth Engine International beverages and foods Beauty and premium innovation Soft Spot PFNA (-2%) Fabric & Home Care organic (+3%) Margin Move Core margin -40 bps Core gross margin -100 bps Functional Beverages vs. Premium Skin Care Laguarta wants Pepsi’s portfolio pulled toward “functional benefits such as hydration, protein and fiber, energy and zero sugar beverage varieties“, alongside affordability initiatives to shore up domestic snacks.
Jejurikar is doing something bolder on the cost side. P&G announced a plan to cut up to 7,000 non-manufacturing roles by end of FY2027 while pushing innovation-based pricing in Oral Care and Skin Care.
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Both companies get hit by tariffs. P&G quantified the pain at roughly $400 million after-tax and now expects results toward the lower end of its FY26 EPS range of $6.83 to $7.09. Pepsi, by contrast, reaffirmed core constant currency EPS growth of 4% to 6% and $8.9 billion in total shareholder returns.
The Next Test Is Domestic Snack Pricing and Tariff Absorption I want to see whether Pepsi can stop the pricing bleed in Frito-Lay without gutting margin, and whether poppi, Gatorade, and the zero sugar push can keep offsetting soft PFNA.
For P&G, the tell will be Beauty holding a 7% organic pace while restructuring hits and tariff costs stay sticky. The 70th consecutive dividend increase and Pepsi’s 54th look secure; the unit economics behind them are the open question.
Why I Lean P&G for Quality, Pepsi for the Rebound Trade If I want the cleaner operating story right now, I lean toward P&G. Every segment grew, Beauty is doing real premium work, and Jejurikar’s cost plan gives me a lever if tariffs stay elevated. The stock reflects it: PG is up 3.95% year to date, while PEP sits down 2.08%.
If I want more upside variance, Pepsi is the more interesting file. A forward P/E of 17 and 3.92% dividend yield pay me to wait while PFNA stabilizes. I would not chase either aggressively until I see two more quarters of margin direction. That is the read.
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TLDR: BNB Chain cut block intervals from 750ms to 450ms between January and June 2026. Benchmark throughput nearly doubled to 5,200 transactions per second in H1 2026. New Layer 1 architecture targets 100,000+ TPS with testnet launch by late 2026. BNB Chain plans quantum resistant upgrades that preserve existing user addresses. BNB Chain published its H2 2026 technical roadmap on July 8, outlining plans to double mainnet throughput after strong first half results.
The network cut block intervals from 750 milliseconds to 450 milliseconds and raised benchmark throughput to roughly 5,200 transactions per second between January and June 2026.
The update also detailed a next generation Layer 1 architecture targeting over 100,000 transactions per second, alongside continued research into quantum resistant security measures.
First Half Performance Gains Set the Baseline BNB Chain measured its January to June progress through three core metrics. Block intervals dropped to 450 milliseconds while memory finality fell from 1,125 milliseconds to 650 milliseconds. Benchmark throughput nearly doubled from about 2,800 transactions per second to 5,200.
BNB Chain glo 🆙 in 2026 so far
Block intervals: 750 ms → 450 ms
Memory finality: 1,125 ms → 650 ms
Benchmark throughput: ~2,800 → ~5,200 TPS
H2 goes further, targeting another 2x throughput increase.
Catch up on the full roadmap 👇https://t.co/jCmjDehLBR
— BNB Chain (@BNBCHAIN) July 11, 2026
The network also became more stable during this period. Following the Osaka and Mendel hard fork, re-org occurrences on the BSC mainnet dropped noticeably compared to earlier months.
Four engineering features drove most of the improvement. Block Level Access List pre-declares state access patterns to support future parallel processing. Incremental Snapshot speeds up chain synchronization for new or lagging nodes.
EVM SuperInstruction reduced interpreter overhead by combining common opcode sequences, which directly boosted throughput. Extended Voting Rules strengthened the fast finality mechanism during adverse network conditions.
The BSC Rust client reached full Reth v2.0 compatibility during this window. This included Sparse Trie Cache, Proof V2, and RocksDB support, delivering a twofold performance gain.
Middleware also advanced, with the BNB Agent Studio and Agent SDK launching alongside the Middleware Payment Protocol SDK.
Second Half Targets a New Architecture BNB Chain set three commitments for the second half of 2026. The first goal is doubling mainnet throughput again, building toward a tenfold increase across the wider network over time.
The second commitment focuses on isolating application traffic so demand spikes in one area do not degrade performance elsewhere. Gas fee structures will also be adjusted to lower entry costs for Web2 and Web3 enterprises.
These goals connect to active workstreams. BEP-675 implementation, dedicated lane solutions for peak activity, and FOCIL inspired technology for transaction inclusion are already underway. BAL based parallel execution aims to cut block import latency further.
Beyond the current stack, BNB Chain is developing a new Layer 1 architecture. It targets over 100,000 transactions per second, sub-50 millisecond preconfirmation, and a TxStream design that removes the public mempool to limit front running.
The new chain will include PriorityLane for reserved block space and native privacy features with selective disclosure.
Testnet release is planned for late 2026, with mainnet following in early 2027. In its closing statement, BNB Chain said its aim remains building infrastructure that holds up under real use.
Quantum resistant research will continue throughout this period, layering new cryptography on top of existing systems without altering user addresses.
The U.S.-Iran standoff in the Strait of Hormuz is approaching a dangerous tipping point, with military conflicts escalating anew.
US officials stated that the U.S. military conducted multiple strikes on missile and air defense systems at several sites around the Strait of Hormuz, as well as small vessels belonging to the Iranian Revolutionary Guard Corps (IRGC) an hour ago. Officials from Iran’s Qeshm Island confirmed that local time on Sunday afternoon, the enemy launched 10 to 11 missiles at Qeshm Island; all targeted military facilities, and no casualties were reported in the attack. Earlier, Iran announced it had launched an attack on a U.S. missile base in Kuwait. The ATACMS missile system facility at the U.S. military base in Kuwait was struck, with smoke rising at the scene. Meanwhile, Lebanon’s National News Agency (NNA) reported that Israeli artillery carried out additional shelling in southern Lebanon. Two Israeli shells hit Kafr Tibtin town in Nabatieh District, southern Lebanon. The agency added that the attack originated from Israeli military positions in the occupied border area. In addition, Israel also shelled the town of Zawtar al-Sharqiya near Meifadoun.
2 hours ago
Iran launches an attack on the U.S. missile base in Kuwait.
According to Iran's Mehr News Agency, Iran launched an attack on a US missile base in Kuwait. The ATACMS missile system facility at the US military base in Kuwait was struck, with smoke rising at the scene. Iran's president also noted: "We are engaged in a complex economic war, and successfully overcoming this phase requires the active participation of citizens." Israeli Prime Minister Benjamin Netanyahu stated: "Trump hopes to reach an agreement with Iran, particularly on the nuclear issue, but if Iran fails to abide by its commitments, he will not hesitate to use military force."
2 hours ago
A whale has collateralized 1.56 million kHYPE on the HyperlendX platform, borrowing 1.06 million WHYPE.
According to OnchainLens monitoring, a crypto whale deposited approximately $107.21 million in assets on the HyperlendX platform and borrowed around $70.94 million using this deposit as collateral. The address currently holds 1.56 million kHYPE as collateral, has borrowed 1.06 million WHYPE, with a health factor of 1.31, indicating relatively prudent operations. Additionally, the whale has staked 12,305 HPL.
2 hours ago
During the World Cup, high-frequency sports prediction whale swisstony emerged, with its account notching up over 139,000 predictions and generating nearly $20 million in profits.
Data from prediction market platform Predict.fun shows that top high-frequency sports trader swisstony emerged during the 2026 FIFA World Cup (co-hosted by the U.S., Canada, and Mexico). Since entering the market in July 2025, the whale has generated total profits of $18.648 million, with a single largest profit of $1.2 million, having made a total of 139,304 predictions, and its profit curve has been steadily rising. Its World Cup prediction record is impressive: it excels in contrarian trades when popular odds are overvalued, amassing huge profits through high-frequency, small-margin trades. While average per-trade gains are modest, its stable win rate leads to strong cumulative returns. In June, the whale earned around $9.5 million by contrarian betting on popular teams including England, Spain, and Belgium, briefly becoming the platform’s 5th highest-earning user. Currently, swisstony is focusing on the France vs Spain match on July 14 (local time), placing heavy positions across multiple sub-markets for the game. Its core strategy remains making large volumes of "No" predictions—especially for low-probability exact scores—paired with some handicap and over/under bets. The whale consistently ranks at the top of prediction market monthly profit leaderboards, with a single-day profit exceeding $2 million. Analysts believe swisstony likely uses automated tools or real-time data to assist its trading.
2 hours ago
Data: 48% of Nasdaq 100 constituent stocks have corrected over 20% from their respective peaks, while 64% still trade above their 200-day moving average.
In the Nasdaq 100, 48% of constituent stocks have corrected at least 20% from their respective peaks. This proportion has doubled over the past 12 months, but remains lower than the 60% level recorded before the market bottomed at the end of March, and is still short of the extreme 80% hit during the 2022 bear market. Meanwhile, 64% of constituents are still trading above their 200-day moving average, near the year's highest level — a figure that stood at just 38% before the market bottomed on March 30. The rally in the U.S. stock index is increasingly relying on a small number of stocks for support.
2 hours ago
Analysis: BTC reclaiming the $70,700 level is the primary signal of a trend reversal, with some long-term investors accumulating at lower levels.
Analyst Darkfost points out that Bitcoin trading below the Short-Term Holder (STH) cost base is a hallmark of every bear market cycle. BTC has remained below this level for over nine months. The STH cost base currently stands at $70,700 and has consistently acted as a resistance level. In May, Bitcoin attempted to test the nearby level of roughly $82,000, only to pull back immediately. Since then, the STH cost base has dropped significantly, signaling that some investors have accumulated positions at lower prices, lowering their average holding cost. However, the price has yet to effectively hold above this key level. The analysis notes that a sustained recovery above the STH cost base will mark the first positive signal. Bitcoin is currently trading in a range of $59,000 to $64,000, a notable distance from the $70,700 resistance level. If BTC can later break through and hold above this level effectively, it will mean the entire short-term holder cohort has exited unrealized losses, and market sentiment could shift from bearish defense to structural recovery. Conversely, if resistance persists, the STH cost base will continue to decline, potentially extending the bear market bottoming cycle.
The stablecoin market has lost about $10 billion since reaching a record high in May 2026. Total supply fell by $7.7 billion during June to about $312 billion, marking the largest monthly decline in dollar terms since the TerraUSD collapse in May 2022. The decrease equaled roughly 2.4% for June and about 3% from the May peak.
Summary
Stablecoin supply lost $10 billion since May as USDT and USDC redemptions reduced crypto liquidity. June recorded the largest monthly dollar decline since Terra, but the market contracted only 3%. Transaction volumes remained strong while tokenized assets expanded, showing blockchain finance activity continued despite redemptions. Current DefiLlama data places the market near $312.23 billion. The dashboard shows Tether’s USDT at about $184.15 billion and Circle’s USDC at roughly $73.41 billion. USDT still controls close to 59% of the market, leaving the sector heavily dependent on its two largest dollar-backed tokens.
USDT and USDC lead the supply reduction USDT fell from about $190 billion in May, cutting roughly $6 billion from its circulating value. USDC declined from a March peak near $80 billion, losing almost $7 billion over four months. Together, those changes account for most of the retreat, although smaller regulated issuers continued expanding during the same period.
Paul Howard, senior director at trading firm Wincent, described the decline as “a relatively small pullback in what we believe is a long-term growth market.” The current drawdown remains far below the 26% stablecoin contraction recorded across the 2022 bear market. That earlier decline followed the Terra failure, lender collapses, and the failure of FTX.
Stablecoin Market Loses $10B Since May in Biggest Retreat Since the Terra Crash
According to CoinDesk, stablecoin market capitalization has fallen by roughly $10 billion from its May peak, including a $7.7 billion drop in June—the largest monthly decline in dollar terms since… pic.twitter.com/RafAPoaerJ
— Wu Blockchain (@WuBlockchain) July 12, 2026 Lower supply points to thinner crypto liquidity Traders use stablecoins as settlement assets and quote currencies across exchanges and decentralized markets. A falling supply can show that users redeemed tokens for bank dollars or moved capital outside crypto. It can also reduce the amount of dollar-linked buying power available for Bitcoin, Ether, and other digital assets.
The reduction arrived during a weak month for crypto investment products.Crypto.news reported that U.S. spot Bitcoin exchange-traded funds lost more than $4 billion in June, their worst monthly outflow since launch. The parallel declines show that institutional fund demand and on-chain dollar liquidity both weakened as digital asset prices remained under pressure.
Activity did not fall at the same pace as supply. The adjusted stablecoin transaction volume reached a record $1.78 trillion in June. USDC processed about $1.21 trillion, while USDT handled $573 billion. USDT still recorded more individual transfers, showing that fewer tokens can continue supporting heavy payment and trading activity.
Tokenized assets grow while stablecoins retreat Tokenized real-world assets moved in the opposite direction. However, their on-chain value crossed $30 billion during 2026, led by tokenized Treasury products, funds, and private credit. CoinDesk Research also recorded a 145% rise in tokenized equity volume during June to a record $3.86 billion.
Regulation and new issuers continue reshaping the stablecoin market. The U.S. GENIUS Act created a federal framework for payment stablecoins, while regulators are drafting customer identification, sanctions, and reserve rules. Crypto.news has also tracked new reserve products from Fidelity and State Street designed for regulated issuers.
The latest supply figures point to a pause in market expansion rather than a Terra-style collapse. USDT and USDC remain near their dollar pegs, transaction activity remains high, and the total market retains most of its recent growth. Further monthly contractions would provide clearer evidence that crypto liquidity is leaving the system rather than moving between issuers or on-chain products.
Investors will now watch July issuance, redemption data, exchange volumes, and ETF flows for signs that demand is returning or weakening further.
Artificial intelligence has already stretched the semiconductor supply chain to its limits. High-bandwidth memory (HBM), advanced packaging, and leading-edge chip manufacturing remain bottlenecks even after chipmakers spent hundreds of billions of dollars expanding capacity.
Yet one recent forecast from Goldman Sachs suggests today’s AI infrastructure race may look modest compared to what’s being discussed for the next decade. Investors should treat the projection with caution, but it also highlights why companies supplying AI memory, particularly Micron Technology (NASDAQ:MU | MU Price Prediction), could enjoy demand that extends well beyond today’s data center boom.
Goldman Sachs’ SpaceX Forecast Is Almost Hard to Believe Goldman Sachs recently published a research note outlining a long-term vision for SpaceX’s Starship program that includes 5,288 dedicated AI missions by 2031. These would most likely target Elon Musk’s space-based data centers, as well as Starlink and SpaceX’s new AI satellites. According to the report, each Starship launch could carry 30 to 50 AI satellites, with every satellite housing roughly one GB300-equivalent AI rack.
To put that into perspective, Nvidia‘s (NASDAQ:NVDA) latest Blackwell architecture — and its successor Vera Rubin — is expected to rely on eight HBM stacks per accelerator. A single AI rack contains many accelerators, meaning every launch could require thousands of HBM stacks before accounting for conventional DRAM and flash storage needed throughout the system.
Some analysts extrapolating Goldman Sachs’ assumptions estimate those launches could eventually translate into millions of Nvidia accelerators in orbit. Others have pushed the math even further, suggesting the cumulative installed base could exceed 200 million accelerators by 2031 if every projected mission ultimately flies.
Whether those figures prove accurate is almost beside the point. Even a fraction of that demand would require memory production on a scale the industry has never attempted.
Micron, along with SK hynix and Samsung, is one of only three companies capable of manufacturing leading-edge HBM at scale. Micron has already revealed long-term HBM supply agreements extending well into future production cycles, reflecting how constrained supply remains.
Here’s what Goldman Sachs’ scenario implies:
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
AI Component Demand Implication Nvidia accelerators Potentially millions required HBM stacks Eight per accelerator before future increases DRAM and NAND Additional memory required for every rack Advanced packaging Capacity would need to expand alongside memory production Some observers have even suggested that such deployment would ultimately consume every advanced wafer Taiwan Semiconductor Manufacturing (NYSE:TSM) could produce. Even if that is an exaggeration, it illustrates just how large these assumptions have become.
Investors Still Need A Reality Check Granted, Goldman Sachs’ projections represent a best-case scenario, not a roadmap. Everything would need to go right. Starship must achieve routine launch reliability. Regulators would need to approve thousands of launches. Orbital AI data centers must prove technically and economically viable. Early missions during 2027 and 2028 would almost certainly be demonstration projects before any meaningful scaling occurs.
There’s also an interesting contradiction buried inside the broader investment thesis. Goldman Sachs ‘ estimates assume orbital AI data centers could cost roughly $15 billion to $20 billion per gigawatt, well below the approximately $28 billion to $32 billion per gigawatt often cited for terrestrial AI facilities. However, that cost advantage would necessitate a future SpaceX-Tesla (NASDAQ:TSLA) Terafab manufacturing effort producing custom AI chips internally rather than continuing to rely primarily on Nvidia hardware.
In other words, the model initially assumes enormous Nvidia deployment, while the long-term economics become more attractive only if Nvidia eventually becomes less central.
Key Takeaway In short, investors should not buy Micron because Goldman Sachs predicts exactly 5,288 AI missions. That figure demands nearly flawless execution across launch technology, satellite engineering, manufacturing capacity, and regulation. What matters is the direction of travel.
Even if Starship completes only a fraction of those launches, AI infrastructure demand appears poised to outgrow memory supply for years. Every advanced accelerator needs HBM, and every AI rack requires even more conventional memory around it.
Whether those chips sit inside terrestrial hyperscale data centers or eventually orbit Earth, Micron remains one of the few companies positioned to supply a resource the entire AI industry cannot function without. For long-term investors, that’s the part of Goldman Sachs’ ambitious forecast worth paying attention to.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut. Grab the names FREE today.
New York, New York--(Newsfile Corp. - July 12, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A or Class C common stock of Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) between February 11, 2025 and May 7, 2026, both dates inclusive (the "Class Period"), of the important August 10, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.
SO WHAT: If you purchased Zillow common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Zillow's agreement with Redfin Corporation was not a "partnership," but rather an acquisition of Redfin's business; (2) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (3) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (4) as a result, defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/304844
Source: The Rosen Law Firm PA
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San Diego, California--(Newsfile Corp. - July 12, 2026) - The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Roblox Corporation (NYSE: RBLX) common stock between October 30, 2025 and April 30, 2026, inclusive (the "Class Period"), have until Friday, August 7, 2026 to seek appointment as lead plaintiff of the Roblox class action lawsuit. Captioned Mukherjee v. Roblox Corporation, No. 26-cv-05489 (N.D. Cal.), the Roblox class action lawsuit charges Roblox as well as certain of Roblox' top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Roblox class action lawsuit, please provide your information here:
You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected].
CASE ALLEGATIONS: Roblox operates as a global video gaming and social networking company.
The Roblox class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants created the false impression that they possessed reliable information pertaining to Roblox' bookings growth expectations and the overall anticipated impact from the age verification rollout while also minimizing risks associated with the rollout and its potential knock-on effects; (ii) Roblox misled investors when discussing tailwinds resulting from the age verification process while continuing to be "enormously bullish" on their tech rollouts as well as claiming to be able to "rely on [their] tremendous organic growth"; and (iii) Roblox relied far too heavily on viral events to drive growth and failed to communicate to investors the potential knock-on impacts of the age verification rollout, including how it could impact the platform's ratings, engagement, and overall public perception.
On April 30, 2026, Roblox announced its 2026 first quarter results, allegedly reporting declines in revenue guidance and projected annual bookings growth, as well as reductions in communication engagement, app store ratings, and organic sign-ups as a result of the age verification rollout. On this news, the price of Roblox stock fell more than 18%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Roblox common stock during the Class Period to seek appointment as lead plaintiff in the Roblox class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Roblox class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Roblox class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Roblox class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
New York, New York--(Newsfile Corp. - July 12, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Zoetis Inc. (NYSE: ZTS) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Zoetis securities between January 14, 2025 and May 6, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/ZTS.
Zoetis Case Details
The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements concerning the growth, competitive positioning, market share, and veterinarian adoption of key products within the Companion Animal segment while failing to disclose that:
veterinarian prescription growth and adoption of Zoetis' Librela, a canine pain treatment, were sharply weakening as clinicians became more cautious following FDA safety warnings concerning serious neurological complications in dogs; Zoetis' Simparica Trio was losing significant market share to a lower-priced competing canine parasiticide with broader indicated use in a slowing overall market; and Zoetis' dermatology products, Apoquel and Cytopoint, were losing substantial market share to a newly launched competing canine treatment.What's Next for Zoetis Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/ZTS, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Zoetis you have until July 27, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Zoetis Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Zoetis Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299402
Source: Bronstein, Gewirtz & Grossman, LLC
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Lending markets on alternative layer‑1 networks rarely command the attention of their Ethereum‑mainnet peers—until a multimillion‑dollar drain forces the issue. That moment came for Hedera’s Bonzo on July 11, when the protocol disclosed it had lost roughly $9.05 million in an oracle manipulation attack. The incident, first documented in the original report, immediately spotlighted the fragility of price feeds on chains where liquidity is thinner and user safeguards often rely on a single oracle provider.
Bonzo functioned as Hedera’s largest lending protocol by total value locked, a critical piece of an ecosystem still building its DeFi footprint. The protocol paused all activity after the exploit. Bonzo Labs and the Bonzo Finance Foundation are now coordinating what they describe as recovery and remediation efforts, though no timeline or roadmap for user compensation has been offered publicly.
What Went Wrong: Supra’s Oracle and a Signature Verification Loophole The exploit did not originate in Bonzo’s own smart‑contract logic. According to the team, a flaw in Supra’s signature verification mechanism allowed an attacker to feed manipulated SAUCE prices into the lending market. With a distorted price feed for SAUCE—the native token of the SaucerSwap decentralized exchange on Hedera—the exploiter was able to borrow assets far in excess of the collateral they had posted. The mechanics follow a pattern DeFi has seen before: inflate the collateral’s value artificially, then drain borrowable liquidity before the oracle corrects.
Supra’s role is central here. As a cross‑chain oracle network, it supplies pricing data to protocols across multiple ecosystems. When a verification flaw sits at the oracle level, the blast radius can extend beyond a single application. Bonzo paused quickly, but the speed of the drain suggests an attacker who understood precisely where the weak link sat.
Hedera’s DeFi Moment and the Thin‑Margin Reality For Hedera, whose enterprise‑governed consensus model has attracted institutional interest, the Bonzo incident is a formative stress test. The chain’s DeFi sector is still immature relative to Ethereum or Solana; lending protocols on Hedera typically hold lower total value locked and face thinner order‑book depth. That environment can make oracle manipulation less costly for an attacker because markets are easier to move temporarily.
The exploit also underscores a persistent dilemma for chains that rely on third‑party oracles rather than native price‑discovery mechanisms. When a single oracle provides the pricing for a suite of applications, an error at the supplier can cascade. Bonzo’s case joins a list of prior oracle attacks—from Cream Finance to Mango Markets—where manipulated prices were the entry point, not the exit. The difference here is the chain: a network that has marketed itself as enterprise‑ready is now dealing with a DeFi blow that retail and institutional users alike will scrutinize.
Recovery, Pause, and the Unanswered Questions Bonzo Labs and the affiliated foundation have not released a post‑mortem or detailed the scope of affected user positions. The protocol remains paused, a status that freezes all withdrawals and borrows. Communication so far has been sparse beyond confirming the loss figure and the flareup of the Supra verification bug. Users are left waiting for clarity on whether any funds can be recovered, whether the treasury holds sufficient reserves, and what compensation mechanisms might be proposed.
Law enforcement involvement has not been announced. In many DeFi exploits, the window for freezing funds is exceptionally narrow because attackers route stolen assets through cross‑chain bridges or privacy mixers before the community can coordinate a response. Whether the Bonzo exploiter moved the funds off Hedera, or if chain analytics can trace them, remains unknown.
The timing also matters. DeFi across the industry is under renewed regulatory scrutiny, with lending protocols increasingly required to demonstrate robust risk management. An oracle exploit on Hedera’s flagship lending market could influence how auditors and governance teams across other non‑Ethereum chains assess single‑provider dependencies. Even if Bonzo manages to make users whole, the damage to confidence in immature DeFi environments may take longer to repair.
What This Means for Multi‑Chain DeFi Security Bonzo’s $9 million loss is not the largest oracle exploit DeFi has seen, but it carries an outsized signal because it hit a chain where lending is still trying to prove it can operate securely at scale. The incident will likely accelerate discussions about redundancy in oracle design, specifically whether protocols should require multiple independent price sources before executing large loans.
For now, the immediate uncertainty centers on Bonzo’s next steps. The protocol’s ability to coordinate a transparent recovery and patch the oracle dependency will either set a precedent for Hedera DeFi or reinforce skepticism about lending markets on chains with concentrated liquidity. Either outcome will be watched closely—not just by Hedera users, but by any protocol team that relies on a single oracle for its pricing backbone.
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.
Bonzo Finance, a lending protocol on the Hedera network, saw its total value locked crater by 77% after an attacker exploited a verification flaw in a third-party oracle contract, siphoning approximately $9.05 million. The incident, reported by CoinDesk, highlights the cascading risk when DeFi applications depend on external price feeds without sufficient safeguards.
The vulnerability sat not in Bonzo’s own smart contracts but in a Supra oracle integration. That distinction matters. Protocols often audit their internal code extensively, yet the attack surface extends to every piece of infrastructure they plug into. A single flawed verification routine inside an oracle contract was enough to drain nearly all of the protocol’s liquidity. The attacker moved fast, and by the time the issue was detected, the damage was done.
How the Oracle Exploit Unfolded According to the details available, the attacker manipulated the price oracle logic to borrow assets against inflated collateral values. Because the Supra contract failed to properly verify incoming data, the malicious actor was able to present fake prices that Bonzo’s lending logic trusted implicitly. That trust was the entire mechanism for loan-to-value calculations. Once broken, the protocol’s solvency evaporated.
Oracle exploits are not new to DeFi. They have hit protocols across multiple chains for years. But this one stings for Hedera specifically because Bonzo had become one of the largest lending markets on the network. The 77% drop in TVL translates to millions in removed liquidity, stranded positions, and a sudden loss of confidence in the ecosystem’s ability to handle adversarial stress.
A Setback for Hedera’s DeFi Ambitions Hedera has been quietly building its DeFi footprint, attracting projects with its high throughput and fixed low fees. Yet the network remains a relatively small player compared to Ethereum or BNB Chain. While top blockchains by developer activity show Ethereum, BNB Chain, and Polygon far ahead, networks like Hedera operate with a thinner margin for error. A single high-profile exploit can reset months of user acquisition.
For institutional users and liquidity providers who had been cautiously testing Hedera’s DeFi waters, the Bonzo incident introduces a new risk premium. It also forces the question of how dependent the network’s lending protocols are on a narrow set of oracle providers. Supra’s role in this event will undoubtedly draw attention to the oracle landscape on permissioned and quasi-permissioned ledgers.
The Oracle Problem Isn’t Going Away What happened at Bonzo is not a one-off anomaly. Oracle manipulation remains one of the top attack vectors in decentralized finance because it exploits the gap between off-chain data and on-chain execution. Solutions exist—multiple price sources, time-weighted average prices, circuit breakers—but each adds complexity and cost. Smaller protocols often trade security for simplicity, and smaller chains may lack the deep infrastructure to offer robust alternatives.
Recovery for Bonzo users remains uncertain. While some past exploits led to partial fund returns through negotiations or white-hat bounties, no immediate path has been confirmed. The protocol’s team will need to assess whether a reimbursement plan is feasible and how to rearchitect the oracle integration. For the Hedera community, the next weeks will test whether liquidity returns or migrates elsewhere.
The broader lesson is clear. As DeFi spreads to new chains, the same old vulnerabilities follow. Unless oracle security becomes a first-class priority from day one, more protocols will find themselves emptying their liquidity pools in minutes.
AUTHOR
Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
Bonzo Lend—a DeFi lending protocol—experienced a major security incident resulting in approximately $9.05 million in losses. The exploit, which occurred on July 11, 2026, stemmed from a vulnerability in a third-party oracle service rather than any flaw in Bonzo’s own smart contracts. The incident began when an attacker, operating through a specific wallet, deposited a modest amount of just 250 SAUCE tokens—valued at only a few dollars at the time—into the lending pool.
Shortly afterward, this actor submitted a fraudulent price update to Supra’s on-chain oracle system.
The manipulated data dramatically inflated the perceived value of SAUCE by about 12 orders of magnitude compared to its actual market price of roughly 0.2 HBAR.
This false valuation allowed the attacker to borrow far more assets than the collateral justified, specifically around 6.63 million USDC and 34.5 million wrapped HBAR.
At the core of the breach was a critical weakness in Supra’s oracle verifier contract.
The system incorrectly accepted a price update that included a zeroed BLS signature instead of rejecting it as invalid.
Supra’s verification logic failed to properly check for non-zero inputs and subgroup validity before performing the pairing check via Hedera’s precompile, enabling the bogus data to be recorded on-chain.
Bonzo Lend’s contracts operated exactly as programmed, relying on the oracle’s reported price to calculate collateral value and borrowing capacity.
No issues were found in Bonzo’s lending logic, the Hedera network itself, or through market manipulation, flash loans, or abnormal trading activity.
A secondary wallet later borrowed an additional roughly $1 million in assets while the inflated price remained active.
The operator of this wallet quickly reached out to the Bonzo team via Discord, self-identifying as a white-hat responder and committing to return the funds.
This portion is being handled separately as a potential recovery effort and was excluded from the primary $9.05 million loss figure.
Bonzo Finance Labs promptly paused the affected lending pool and points system to contain further damage, while other components like vaults, bridging, and staking continued unaffected.
Supra acknowledged the verifier issue and rapidly deployed a fix to the relevant contract on Hedera mainnet.
The team emphasized transparency in their preliminary report, providing on-chain references for independent verification and stressing that the root cause lay upstream in the oracle infrastructure.
The exploit has had broader repercussions for the Hedera DeFi ecosystem. Bonzo Lend’s total value locked (TVL) dropped sharply by about 77%, contributing to a roughly 40% decline in overall Hedera TVL within 24 hours.
This event underscores ongoing challenges in DeFi, particularly the risks associated with relying on external oracle providers for accurate price data in lending protocols.
Such dependencies can create single points of failure even when core protocol code remains secure.
Bonzo Labs and the Bonzo Finance Foundation are actively collaborating on fund recovery strategies, user compensation plans, and steps to resume operations safely.
The incident serves as yet another stark reminder of the importance of proper multi-layered security in decentralized systems, including thorough auditing of oracle integrations. Further updates on remediation and withdrawals are expected in the coming days.
Uniswap has recorded a sharp rise in active traders following its integration with Robinhood Chain, as daily users reached 220,000, a figure over ten times higher than the previous week. Cumulative trading volume on Robinhood Chain through Uniswap also soared, approaching $1 billion in less than a week, according to initial on-chain data.
Uniswap-Robinhood integration drives growthThe recent surge is largely attributed to the deployment of Uniswap — a leading decentralized exchange (DEX) protocol — on Robinhood Chain, the blockchain network launched by Robinhood Markets to support its expanding crypto trading ecosystem. Uniswap Labs leads the protocol’s development, while Robinhood Markets is the well-known stock and crypto broker famed for its broad retail user base.
As a result of the integration, liquidity providers and traders are increasingly shifting from centralized exchanges to on-chain venues like Uniswap, seeking greater transparency and control over their assets.
With Uniswap’s technology combined with Robinhood’s large customer base, the number of active traders has exceeded 220,000 on Robinhood Chain in just a week.
The deepening link between these entities is allowing retail investors to access DeFi trading tools within a familiar brokerage platform, signaling a potential shift in how mainstream investors engage with crypto markets.
Mini dictionary: Robinhood Chain is a blockchain platform developed by Robinhood Markets to facilitate fast, low-cost digital asset transfers and DeFi applications within its retail trading ecosystem.
Strategic and industry implicationsIndustry observers state that this trend reflects a growing convergence between traditional finance (TradFi) and decentralized finance (DeFi). The integration could help regulated investment firms and high-net-worth individuals discover crypto opportunities, while staying compliant with regulations via the brokerage’s custody and compliance tools.
For developers and projects building on Robinhood Chain, the partnership creates new potential for wallet aggregation, compliance solutions, and additional user-facing services.
Decentralized and centralized exchanges alike may now seek stronger collaboration models with distribution platforms, facing pressure to move beyond organic user growth strategies to stay competitive.
WeekActive traders on Uniswap (Robinhood Chain)Cumulative trading volume (USD)Previous week~22,000~$100 millionThis week220,000~$1 billionNext steps: Growth, regulation, and platform evolutionAs investment services are integrated into more apps and “app-chains” become prevalent in 2026, the Robinhood-Uniswap partnership is attracting the attention of both users and regulators. Regulatory challenges, such as safeguarding client funds and executing trades when automated market makers (AMMs) are in use, remain in focus for authorities and platforms alike.
Looking ahead, Uniswap aims to expand its user base while Robinhood seeks to further develop its crypto offerings. Liquidity providers are assessing fee structures and economic incentives as on-chain activity scales up.
Uniswap’s success in retaining new users, and Robinhood’s roadmap for supporting more assets or stablecoins on Robinhood Chain, may set the pace for brokerage-DeFi integration across the industry.
Should trading retention stay strong, the partnership could establish a new standard for brokerage and decentralized exchange collaboration in crypto markets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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.
BlackRock’s BUIDL, a tokenized U.S. Treasury money market fund on the Avalanche blockchain, has reached over $900 million in assets under management (AUM). This notable increase, from approximately $464 million just a week ago, highlights a significant surge in institutional interest in tokenized assets on Avalanche. The BUIDL fund, maintaining a stable value of $1.00 per token with daily accrued dividends, has become the largest tokenized treasury product on-chain and the biggest real-world asset (RWA) on Avalanche. This development underscores Avalanche’s rising prominence as a key player in the institutional tokenization sector, second only to Ethereum in terms of BUIDL’s AUM.
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Key Takeaways BlackRock’s BUIDL fund on Avalanche has seen its AUM increase from $464 million to over $900 million within a week. The rapid growth in BUIDL’s AUM suggests accelerating institutional adoption of Avalanche for tokenized assets. Avalanche is now the second-largest blockchain for BUIDL by AUM, reinforcing its role as a leading institutional tokenization venue. What to Watch The surge in BUIDL’s AUM could indicate broader institutional adoption of blockchain-based financial products, potentially influencing Ethereum price predictions. Market participants may monitor whether this trend continues and if other blockchains follow suit in attracting large institutional investments. Observers will also be keen to see if BlackRock’s growing involvement in tokenized assets impacts Ethereum-related markets and if similar trends develop within the Ethereum ecosystem.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 59.5% — — View market → August 1 2026 3.2% — — View market → August 1 2026 30% — — View market → August 1 2026 6% — — View market → August 1 2026 2.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 14% — — View market → August 1 2026 13% — — View market → August 1 2026 1.6% — — View market → August 1 2026 2.8% — — View market → August 1 2026 4.2% — — View market → August 1 2026 6.6% — — View market → August 1 2026 0.3% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.4% — — View market → August 1 2026 0.9% — — View market → August 1 2026 59.5% — — View market →
BlackRock’s USD Institutional Digital Liquidity Fund, known as BUIDL, has passed $900 million in assets on Avalanche. The figure rose from about $464 million within seven days, adding roughly $436 million and marking a 105% weekly increase.Wu Blockchain cited current RWA.xyz data when reporting the move on July 12.
Summary
BlackRock’s BUIDL assets on Avalanche doubled within one week, passing the $900 million mark today. Avalanche now holds the second-largest BUIDL allocation behind Ethereum, according to the latest RWA.xyz data. BUIDL’s total value reached about $2.87 billion as tokenized Treasury demand continued growing across blockchains. RWA.xyz’s BUIDL dashboard places the fund’s total asset value at about $2.87 billion across supported networks. Its Avalanche position now represents close to one-third of the full fund. Current data also puts Avalanche behind Ethereum as BUIDL’s second-largest network allocation. The increase comes without a change to the token’s target value of $1 per share.
BUIDL gives institutions on-chain Treasury access BlackRock launched BUIDL in March 2024 through tokenization platform Securitize. The fund invests mainly in U.S. Treasury bills, cash, and repurchase agreements. Its stated goal is “current income” while maintaining liquidity and stability of principal. Investors receive tokenized fund shares and daily accrued dividends, subject to eligibility and transfer controls.
BUIDL first launched on Ethereum before expanding to Aptos, Arbitrum, Avalanche, Optimism, and Polygon in November 2024. It later reached Solana and BNB Chain.Crypto.news reported that the added share classes gave approved investors more options for transfers, settlement, and on-chain yield across several blockchain environments.
BNY Mellon supports the fund’s administration across digital and traditional systems. RWA.xyz lists a seven-day annualized yield of 3.40% and management fees ranging from 0.20% to 0.50%. These figures can change with short-term interest rates, expenses, and the share class used by each investor. BUIDL’s on-chain tokens record ownership, while the underlying portfolio remains managed under the fund’s legal structure. The fund reports a net asset value of $1.
Avalanche’s tokenized asset market expands Current RWA.xyz Avalanche data shows about $2.10 billion in distributed real-world asset value on the network, up more than 58% over 30 days. Based on those figures, the Avalanche share of BUIDL accounts for roughly 43% of the network’s distributed asset value. Avalanche also hosts tokenized products from Franklin Templeton and other asset managers.
Source: RWA.xyz Avalanche data
BUIDL has also entered decentralized finance on Avalanche. Crypto.news reported that sBUIDL, a token backed one-to-one by BUIDL and issued by Securitize, became collateral on Euler in May 2025. Eligible users can borrow USDC or AUSD against the asset through curated lending markets.
Tokenized Treasury demand continues growing The BUIDL increase comes as tokenized real-world assets gain a larger place in institutional crypto activity.Crypto.news reported in June that tokenized real-world assets had crossed $29 billion by April 2026. Tokenized U.S. Treasuries rose from about $380 million in 2023 to $13.4 billion during the same period.
BUIDL remains concentrated among a limited number of approved investors. RWA.xyz lists 113 holders, even as the fund approaches $2.87 billion in value. That structure reflects its focus on qualified purchasers rather than broad retail access. The latest Avalanche increase may therefore represent one or several large allocations rather than a broad rise in wallet numbers.
BlackRock and Securitize have not publicly identified the investors behind the weekly Avalanche increase. The available data confirms the asset growth but does not show whether the capital came from new subscriptions, network transfers, or both. Market participants can track future changes through the RWA.xyz dashboards as BUIDL’s multi-chain distribution develops.
PANews, July 12 news, according to CoinDesk report, the stablecoin market in June saw its largest pullback in recent years, with total market cap shrinking by $7.7 billion that month, the biggest single-month decline since the Terra-Luna collapse in May 2022. Since the peak in May, the stablecoin market has cumulatively shrunk by about $10 billion, with a total market cap decline of about 3%. Among them, two major stablecoin issuers were the main drivers of this pullback. The market cap of USDT issued by Tether fell from about $190 billion in May to $184 billion, a decrease of about $6 billion; USDC issued by Circle retreated from a peak of nearly $80 billion in March 2026 to about $73 billion, a contraction of about $7 billion.
However, compared with the cumulative decline of over 26% in the stablecoin market during the crypto winter of 2022, the magnitude of this round of adjustment is still relatively mild. Data shows that from March 2022 to September 2023, the total market cap of major stablecoins fell from about $166 billion to $122 billion, during which the TerraUSD crash, FTX bankruptcy, and failures of multiple crypto lending institutions severely hit market liquidity.
Despite overall market pressure, the competitive landscape of the stablecoin industry is changing. As regulatory developments like the U.S. GENIUS Act drive the expansion of stablecoins into payment and settlement scenarios, more issuers are entering the fray. The circulation of USDG, issued by Paxos and supported by institutions such as Robinhood, has exceeded $3.2 billion, while the circulation of USDGO launched by Anchorage Digital and Hong Kong's OSL Group has nearly doubled to $900 million.
Wall Street institutions remain optimistic about the long-term prospects of stablecoins. Citi previously estimated that the global stablecoin market size would reach $1.9 trillion under a base-case scenario and $4 trillion under an optimistic scenario by 2030; Standard Chartered Bank predicts that the stablecoin market size will grow to $2 trillion by 2028. Analysts point out that stablecoin supply growth has historically been one of the important drivers of a crypto bull market, while the current overall supply contraction means reduced new on-chain liquidity. Without support from new capital demand, the difficulty for crypto assets to sustain their rise may increase.
The U.S.-Iran standoff in the Strait of Hormuz is approaching a dangerous tipping point, with military conflicts escalating anew.
US officials stated that the U.S. military conducted multiple strikes on missile and air defense systems at several sites around the Strait of Hormuz, as well as small vessels belonging to the Iranian Revolutionary Guard Corps (IRGC) an hour ago. Officials from Iran’s Qeshm Island confirmed that local time on Sunday afternoon, the enemy launched 10 to 11 missiles at Qeshm Island; all targeted military facilities, and no casualties were reported in the attack. Earlier, Iran announced it had launched an attack on a U.S. missile base in Kuwait. The ATACMS missile system facility at the U.S. military base in Kuwait was struck, with smoke rising at the scene. Meanwhile, Lebanon’s National News Agency (NNA) reported that Israeli artillery carried out additional shelling in southern Lebanon. Two Israeli shells hit Kafr Tibtin town in Nabatieh District, southern Lebanon. The agency added that the attack originated from Israeli military positions in the occupied border area. In addition, Israel also shelled the town of Zawtar al-Sharqiya near Meifadoun.
1 hours ago
Iran launches an attack on the U.S. missile base in Kuwait.
According to Iran's Mehr News Agency, Iran launched an attack on a US missile base in Kuwait. The ATACMS missile system facility at the US military base in Kuwait was struck, with smoke rising at the scene. Iran's president also noted: "We are engaged in a complex economic war, and successfully overcoming this phase requires the active participation of citizens." Israeli Prime Minister Benjamin Netanyahu stated: "Trump hopes to reach an agreement with Iran, particularly on the nuclear issue, but if Iran fails to abide by its commitments, he will not hesitate to use military force."
1 hours ago
A whale has collateralized 1.56 million kHYPE on the HyperlendX platform, borrowing 1.06 million WHYPE.
According to OnchainLens monitoring, a crypto whale deposited approximately $107.21 million in assets on the HyperlendX platform and borrowed around $70.94 million using this deposit as collateral. The address currently holds 1.56 million kHYPE as collateral, has borrowed 1.06 million WHYPE, with a health factor of 1.31, indicating relatively prudent operations. Additionally, the whale has staked 12,305 HPL.
1 hours ago
During the World Cup, high-frequency sports prediction whale swisstony emerged, with its account notching up over 139,000 predictions and generating nearly $20 million in profits.
Data from prediction market platform Predict.fun shows that top high-frequency sports trader swisstony emerged during the 2026 FIFA World Cup (co-hosted by the U.S., Canada, and Mexico). Since entering the market in July 2025, the whale has generated total profits of $18.648 million, with a single largest profit of $1.2 million, having made a total of 139,304 predictions, and its profit curve has been steadily rising. Its World Cup prediction record is impressive: it excels in contrarian trades when popular odds are overvalued, amassing huge profits through high-frequency, small-margin trades. While average per-trade gains are modest, its stable win rate leads to strong cumulative returns. In June, the whale earned around $9.5 million by contrarian betting on popular teams including England, Spain, and Belgium, briefly becoming the platform’s 5th highest-earning user. Currently, swisstony is focusing on the France vs Spain match on July 14 (local time), placing heavy positions across multiple sub-markets for the game. Its core strategy remains making large volumes of "No" predictions—especially for low-probability exact scores—paired with some handicap and over/under bets. The whale consistently ranks at the top of prediction market monthly profit leaderboards, with a single-day profit exceeding $2 million. Analysts believe swisstony likely uses automated tools or real-time data to assist its trading.
1 hours ago
Data: 48% of Nasdaq 100 constituent stocks have corrected over 20% from their respective peaks, while 64% still trade above their 200-day moving average.
In the Nasdaq 100, 48% of constituent stocks have corrected at least 20% from their respective peaks. This proportion has doubled over the past 12 months, but remains lower than the 60% level recorded before the market bottomed at the end of March, and is still short of the extreme 80% hit during the 2022 bear market. Meanwhile, 64% of constituents are still trading above their 200-day moving average, near the year's highest level — a figure that stood at just 38% before the market bottomed on March 30. The rally in the U.S. stock index is increasingly relying on a small number of stocks for support.
1 hours ago
Analysis: BTC reclaiming the $70,700 level is the primary signal of a trend reversal, with some long-term investors accumulating at lower levels.
Analyst Darkfost points out that Bitcoin trading below the Short-Term Holder (STH) cost base is a hallmark of every bear market cycle. BTC has remained below this level for over nine months. The STH cost base currently stands at $70,700 and has consistently acted as a resistance level. In May, Bitcoin attempted to test the nearby level of roughly $82,000, only to pull back immediately. Since then, the STH cost base has dropped significantly, signaling that some investors have accumulated positions at lower prices, lowering their average holding cost. However, the price has yet to effectively hold above this key level. The analysis notes that a sustained recovery above the STH cost base will mark the first positive signal. Bitcoin is currently trading in a range of $59,000 to $64,000, a notable distance from the $70,700 resistance level. If BTC can later break through and hold above this level effectively, it will mean the entire short-term holder cohort has exited unrealized losses, and market sentiment could shift from bearish defense to structural recovery. Conversely, if resistance persists, the STH cost base will continue to decline, potentially extending the bear market bottoming cycle.
TL;DR Stablecoin market capitalization fell by about $10 billion from its May peak, with June recording the biggest monthly dollar decline since the 2022 Terra crash. USDT’s supply dropped from around $190 billion to $184 billion, while USDC declined to approximately $73 billion, leading the overall contraction. Despite the headline decline, the stablecoin market shrank by only about 3%, indicating that most of the sector’s recent growth remains intact. Even as stablecoin supply declined, tokenized real-world assets reached new highs. The stablecoin market has recorded its largest monthly contraction since the collapse of TerraUSD in 2022, with total market capitalization falling by roughly $10 billion from its May peak.
While the decline has raised concerns about liquidity across the digital asset market, analysts note that the overall contraction remains relatively modest at around 3%, suggesting the sector continues to retain most of the gains accumulated over the past year.
The retreat comes as crypto markets navigate weaker investor sentiment, persistent ETF outflows, and heightened macroeconomic uncertainty that has weighed on demand for digital assets.
Tether’s USDT, the world’s largest stablecoin, accounted for much of the decline, with its circulating supply falling from roughly $190 billion to $184 billion. USDC also contracted, dropping to around $73 billion during the same period. Together, the two dominant dollar-backed stablecoins represent the overwhelming majority of on-chain liquidity used across centralized and decentralized crypto markets.
Stablecoin Data | Source: X Although the market lost billions of dollars in capitalization, the overall decline represented only a small percentage of the sector’s total value, highlighting that stablecoin adoption remains significantly higher than it was before the recent expansion cycle.
Stablecoin Market Liquidity Concerns Return to The Spotlight Stablecoins are widely viewed as the primary source of liquidity within the cryptocurrency ecosystem because they are commonly used to enter and exit positions without converting back into traditional fiat currencies.
A shrinking stablecoin supply is often interpreted as a sign that capital is leaving digital asset markets or remaining on the sidelines. The combined supply of USDT and USDC had been falling since early May, reflecting weaker on-chain liquidity during a period marked by declining crypto prices and softer institutional inflows.
The reduction also coincided with several weeks of net outflows from U.S. spot Bitcoin exchange-traded funds, reinforcing concerns that investor demand cooled during June.
Despite the decline in supply, trading activity remained relatively resilient. Stablecoin trading volume on centralized exchanges rose 10.8% in June to approximately $981 billion, marking the first monthly increase in five months. The increase suggests that stablecoins continue to play a central role in crypto trading even as total circulating supply contracts.
Tokenized Assets Continue Expanding While stablecoins experienced their sharpest pullback in years, tokenized real-world assets continued moving in the opposite direction.
Recent data found that the total market capitalization of tokenized assets climbed to a record $30.1 billion in June, driven by continued growth in tokenized U.S. Treasuries and public equities. Tokenized Treasury products alone expanded to approximately $17 billion, while tokenized equity trading volumes surged to fresh highs during the month.
The contrasting trends suggest that although short-term liquidity has weakened, institutional interest in blockchain-based financial infrastructure continues to grow.
The broader stablecoin sector is also benefiting from increasing regulatory clarity. Recent developments include new licensing approvals for major issuers and expanding institutional support for dollar-backed digital assets.
Circle, the issuer of USDC, recently received approval to operate as a federally regulated trust bank in the United States, allowing it to directly oversee reserves backing its stablecoin as it now dominates over USDT. The move reflects growing integration between traditional finance and digital asset infrastructure despite the recent market slowdown.
Market participants will now be watching whether stablecoin issuance resumes in the coming months. A return to supply growth would likely signal renewed capital entering the crypto ecosystem, while continued contraction could point to a more cautious investment environment during the second half of the year.
The stablecoin sector has experienced its largest single-month decline since the collapse of TerraUSD in 2022, with total market capitalization falling by approximately $10 billion from its peak in May. Although this represents the steepest monthly drop in over two years, the contraction only accounts for about 3% of the sector’s total value, indicating that much of the gains from recent growth remain in place.
Leading stablecoins drive contractionTether (USDT), the most widely used stablecoin globally, saw its circulating supply fall from nearly $190 billion to $184 billion in recent weeks. Circle’s USD Coin (USDC) also contributed to the sector’s decline, with its total supply sliding to around $73 billion over the same period. As the two largest dollar-backed stablecoins, USDT and USDC together dominate on-chain liquidity for both centralized and decentralized exchanges.
Despite the significant dollar reduction, stablecoins’ total market capitalization remains well above levels seen prior to the recent expansion phase, signaling continued adoption across the cryptocurrency ecosystem.
StablecoinMay SupplyCurrent SupplyDollar ChangeUSDT$190 billion$184 billion– $6 billionUSDC~$74 billion~$73 billion– $1 billionMarket analysts have noted that recent stablecoin outflows are coinciding with reduced risk appetite in digital assets, persistent outflows from spot Bitcoin ETFs, and macroeconomic uncertainty affecting broader investor participation in cryptocurrencies.
Liquidity and trading activityStablecoins, serving as the main source of liquidity in the crypto market, are widely used for moving capital in and out of digital asset positions without the need to convert back into traditional fiat currencies. A declining stablecoin supply is often interpreted as capital exiting crypto markets or waiting on the sidelines, and recent numbers align with this sentiment.
Data shows that the combined supply of USDT and USDC had been falling since early May, mirroring slower trading activity and softer institutional inflows into the sector. This reduction overlapped with a multi-week stretch of net outflows from US spot Bitcoin ETFs, further reflecting wariness among investors in June.
Despite these factors, trading volumes for stablecoins on centralized exchanges rose 10.8% to nearly $981 billion in June. This marked the first monthly growth in five months, underlining stablecoins’ enduring role at the heart of daily crypto trading activity.
Growth in tokenized real-world assetsIn contrast to the stablecoin supply contraction, tokenized real-world assets have continued to expand. The total market cap of these assets reached a record $30.1 billion in June, fueled by the ongoing growth of tokenized US Treasuries and public equities. Tokenized Treasury products alone grew to about $17 billion, as equity trading volumes rose to new heights.
Mini dictionary: Tokenized real-world assets, also called RWAs, are traditional financial assets such as government bonds, real estate, or public equities that are converted into digital tokens and traded on a blockchain. This allows investors to access, trade, and settle these assets with greater efficiency and transparency.
These opposite trends highlight continued institutional interest in blockchain-based financial infrastructure, even as short-term liquidity for stablecoins wanes.
Regulatory clarity and sector outlookRegulatory progress has also offered a boost to the stablecoin market. Major issuers have recently gained new licenses and expanded institutional backing for their dollar-pegged digital assets.
Circle, the company behind USDC, received regulatory approval to operate as a federally regulated trust bank in the United States. This move enables the firm to directly manage reserves backing USDC and signals deeper integration between the digital asset industry and traditional finance systems.
With these shifts, market observers are closely watching whether stablecoin issuance will rebound in the second half of the year. Renewed supply growth could indicate a return of capital to the crypto ecosystem, while further declines may point to continued caution among investors.
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.
TL;DR BlackRock’s BUIDL fund exceeded $900 million in assets on Avalanche after growing by approximately 105% in just one week. The tokenized U.S. Treasury fund now manages around $2.87 billion in total assets, making it one of the world’s largest on-chain Treasury products. Ethereum remains the largest BUIDL deployment, while Solana ranks third, reflecting growing multi-chain adoption of tokenized assets. The milestone highlights accelerating institutional interest in tokenized Treasuries as real-world asset adoption continues to reshape blockchain-based finance. BlackRock’s tokenized U.S. Treasury fund BUIDL has crossed another milestone, with assets on the Avalanche blockchain surpassing $900 million, underscoring the growing institutional appetite for real-world assets (RWAs) on public blockchains.
Fresh data from RWA.xyz shows the Avalanche allocation more than doubled in just one week, helping lift the fund’s total assets under management (AUM) to approximately $2.87 billion.
The rapid expansion adds to evidence that tokenized Treasuries are becoming one of crypto’s fastest-growing sectors as traditional financial institutions increasingly adopt blockchain infrastructure for cash management and settlement.
Launched in March 2024 by BlackRock in partnership with Securitize, BUIDL invests primarily in short-term U.S. Treasury bills, cash and repurchase agreements while allowing qualified investors to hold fund shares on-chain. Since its debut, the product has expanded beyond Ethereum to several networks, including Avalanche, Solana, Aptos, Arbitrum, Optimism, Polygon and BNB Chain.
According to the latest RWA.xyz figures, Avalanche now hosts roughly $902.7 million of BUIDL assets, representing an increase of about $436 million, or 105%, over the past week. Ethereum remains the largest deployment with just over $1.02 billion, while Solana ranks third with more than $616 million.
Treasury Product Metrics Data | Source: RWA.XYZ Avalanche strengthens its position in institutional tokenization The sharp rise in BUIDL assets has reinforced Avalanche’s role as one of the leading destinations for tokenized financial products.
Earlier this year, analysts noted that a major allocation into BUIDL pushed Avalanche’s total tokenized asset market above $1 billion, making it the second-largest blockchain for institutional RWAs behind Ethereum. The latest growth suggests that momentum has continued as asset managers seek networks capable of supporting compliant, high-value financial products with lower transaction costs and faster settlement.
Unlike stablecoins, tokenized Treasury funds generate yield from underlying government securities while offering investors the operational benefits of blockchain-based ownership, including near-instant transfers and continuous settlement.
The broader tokenized Treasury market has also expanded rapidly. Industry data indicates that the sector now manages well over $15 billion in on-chain Treasury assets, with BlackRock’s BUIDL remaining among the largest products globally by assets under management, having been recently made available on OKX.
Institutional adoption continues to reshape crypto markets The latest milestone reflects a broader shift as traditional finance firms increasingly view blockchain networks as infrastructure rather than speculative ecosystems.
Major financial institutions including Franklin Templeton, Janus Henderson, Apollo, and others have introduced tokenized investment products over the past two years, while regulators in several jurisdictions have shown growing support for real-world asset tokenization through clearer digital asset frameworks.
Market observers increasingly see tokenized Treasuries as one of the strongest use cases for blockchain technology because they combine regulated fixed-income products with programmable settlement and improved capital efficiency.
With BUIDL approaching the $3 billion mark and Avalanche emerging as one of its fastest-growing deployment networks, the data suggests institutional capital continues flowing toward tokenized government securities even as broader crypto markets experience periods of volatility. For many analysts, that trend signals that tokenization is evolving from an experimental concept into a core component of modern financial infrastructure.
Crypto markets held firm on Sunday, with Bitcoin (BTC) near $64,000, as digital assets absorbed fresh US strikes on Iran and the closure of the Strait of Hormuz once more.
The muted move breaks from earlier in the war. Bitcoin fell about 2% and slid toward $61,000 after June’s escalation, a far steeper reaction than today’s 0.33% dip.
US Launches Third Round of Strikes on IranIran declared the Strait of Hormuz closed and fired on a commercial vessel. The move defied a US demand to guarantee passage through the waterway.
In response, US Central Command (CENTCOM) launched a third round of strikes. Forces hit roughly 140 targets.
Those targets included missile and drone sites, naval assets, and coastal surveillance posts.
“During three nights of strikes this week, CENTCOM has struck more than 300 targets… to degrade Iran’s ability to attack civilian mariners and commercial vessels freely transiting the strait,” CENTCOM said.
The conflict widened across the Gulf. Iran claimed attacks on Bahrain, Kuwait, Jordan, Qatar, the UAE, and Oman.
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#بيان | تعرب وزارة الخارجية عن إدانة واستنكار المملكة العربية السعودية بأشدّ العبارات استمرار إيران في سلوكها المزعزع لأمن المنطقة واستقرارها، وانتهاكها لمبادئ القانون الدولي وميثاق الأمم المتحدة وميثاق منظمة التعاون الإسلامي وقواعد حسن الجوار، وذلك بتكرار الاعتداءات الإيرانية… pic.twitter.com/PlXIfEyKjR
— وزارة الخارجية 🇸🇦 (@KSAMOFA) July 12, 2026 Crypto Shrugs Off the EscalationDespite the escalation, major tokens barely moved. Bitcoin posted a 0.33% daily loss. Ethereum (ETH) traded around $1,801, up 2.18% over the past 7 days. XRP (XRP) and Solana (SOL) each fell less than 2% on the day.
Crypto Markets Show Resilience as US-Iran Conflict Escalates. Source: BeInCrypto MarketsOil markets, shut for the weekend, could open higher on Monday. Brent held near $76 a barrel on Friday. Another prolonged closure could rattle energy markets and lift prices as traders price in tighter supply.
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Widespread Disruption Hits Phantom Users@phantom, one of the most widely used self-custody wallets in the crypto space, suffered a significant service outage on July 11, 2026, leaving thousands of users unable to access their portfolios during peak trading hours. The wallet, which first gained traction through the @Solana $SOL ecosystem before expanding to Ethereum and other networks, acknowledged the problem publicly, confirming that some users were experiencing degraded performance.
The service interruption began during peak trading hours across multiple time zones, affecting users primarily on the Solana and Ethereum networks. Many users reported seeing zero balances or frozen price data across various decentralized applications connected to their Phantom wallets.
According to analysts, the fault originated in Phantom's data-aggregation layer rather than its key storage infrastructure, leaving user funds secure on-chain while exposing weaknesses in functional reliability. In practical terms, that layer sits between the blockchain and the user interface, fetching balances, token prices, and related state to help the wallet display information and draft transactions.
Service Restored, But Questions RemainThe outage began around 13:00 UTC and appeared fixed by 16:40 UTC, hitting Phantom during peak trading hours across Solana and Ethereum. Within hours of the initial incident, Phantom confirmed that its mobile app had returned to normal operation and apologised to affected users.
Over 161 user-submitted outage reports were logged within 24 hours, with confirmed issues spanning the mobile app, Phantom backend, and browser extension.
Repeated outages risk eroding Phantom's market position as users prioritise wallets with consistent access during critical trading windows. While the swift resolution and transparent communication helped contain the fallout, the incident underlines how dependent DeFi activity has become on wallet infrastructure that can falter under pressure. Users wanting to monitor Phantom's service health going forward can check its official status page at status.phantom.com.
Sources:
Phantom Official Status Page - Incident History
StatusGator - Phantom Mobile App Outage Tracker
CryptoRank - Phantom Wallet Outage Report
Deposits of Solana on Aave v4 have doubled in the past month, according to data shared by @tokenterminal. This significant increase highlights a growing interest in decentralized finance (DeFi) on the Solana blockchain, as Aave’s latest version continues to attract capital. The expansion of Aave’s Unified Liquidity Layer beyond Ethereum suggests a broadening adoption of Solana-based yield infrastructure. This development comes amidst a wider trend of institutional-grade DeFi liquidity migrating to Solana, reflecting its emerging role in the crypto ecosystem.
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Key Takeaways The doubling of Solana deposits on Aave v4 appears to reflect heightened interest in Solana’s DeFi capabilities. Market pricing suggests that the rise in deposits is consistent with increased capital inflow to Solana-based yield mechanisms. The surge in deposits could indicate a strategic shift toward Solana’s DeFi infrastructure, which might influence Solana’s competitive position. What to Watch In the coming weeks, watch for further capital movements into Aave v4 and other Solana-based DeFi platforms, which could indicate sustained growth momentum. Key indicators will include any announcements of upgrades or partnerships involving Solana’s infrastructure, as well as regulatory developments impacting DeFi. Additionally, any significant fluctuations in Solana’s market pricing will be closely observed for their potential impact on DeFi adoption trends.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 21.5% — — View market → August 1 2026 0.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 2.8% — — View market → August 1 2026 1.1% — — View market → August 1 2026 0.8% — — View market → August 1 2026 5.5% — — View market → August 1 2026 0.9% — — View market → August 1 2026 10.5% — — View market → August 1 2026 0.1% — — View market → August 1 2026 2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 46% — — View market →
The U.S.-Iran standoff in the Strait of Hormuz is approaching a dangerous tipping point, with military conflicts escalating anew.
US officials stated that the U.S. military conducted multiple strikes on missile and air defense systems at several sites around the Strait of Hormuz, as well as small vessels belonging to the Iranian Revolutionary Guard Corps (IRGC) an hour ago. Officials from Iran’s Qeshm Island confirmed that local time on Sunday afternoon, the enemy launched 10 to 11 missiles at Qeshm Island; all targeted military facilities, and no casualties were reported in the attack. Earlier, Iran announced it had launched an attack on a U.S. missile base in Kuwait. The ATACMS missile system facility at the U.S. military base in Kuwait was struck, with smoke rising at the scene. Meanwhile, Lebanon’s National News Agency (NNA) reported that Israeli artillery carried out additional shelling in southern Lebanon. Two Israeli shells hit Kafr Tibtin town in Nabatieh District, southern Lebanon. The agency added that the attack originated from Israeli military positions in the occupied border area. In addition, Israel also shelled the town of Zawtar al-Sharqiya near Meifadoun.
1 hours ago
Iran launches an attack on the U.S. missile base in Kuwait.
According to Iran's Mehr News Agency, Iran launched an attack on a US missile base in Kuwait. The ATACMS missile system facility at the US military base in Kuwait was struck, with smoke rising at the scene. Iran's president also noted: "We are engaged in a complex economic war, and successfully overcoming this phase requires the active participation of citizens." Israeli Prime Minister Benjamin Netanyahu stated: "Trump hopes to reach an agreement with Iran, particularly on the nuclear issue, but if Iran fails to abide by its commitments, he will not hesitate to use military force."
1 hours ago
A whale has collateralized 1.56 million kHYPE on the HyperlendX platform, borrowing 1.06 million WHYPE.
According to OnchainLens monitoring, a crypto whale deposited approximately $107.21 million in assets on the HyperlendX platform and borrowed around $70.94 million using this deposit as collateral. The address currently holds 1.56 million kHYPE as collateral, has borrowed 1.06 million WHYPE, with a health factor of 1.31, indicating relatively prudent operations. Additionally, the whale has staked 12,305 HPL.
1 hours ago
During the World Cup, high-frequency sports prediction whale swisstony emerged, with its account notching up over 139,000 predictions and generating nearly $20 million in profits.
Data from prediction market platform Predict.fun shows that top high-frequency sports trader swisstony emerged during the 2026 FIFA World Cup (co-hosted by the U.S., Canada, and Mexico). Since entering the market in July 2025, the whale has generated total profits of $18.648 million, with a single largest profit of $1.2 million, having made a total of 139,304 predictions, and its profit curve has been steadily rising. Its World Cup prediction record is impressive: it excels in contrarian trades when popular odds are overvalued, amassing huge profits through high-frequency, small-margin trades. While average per-trade gains are modest, its stable win rate leads to strong cumulative returns. In June, the whale earned around $9.5 million by contrarian betting on popular teams including England, Spain, and Belgium, briefly becoming the platform’s 5th highest-earning user. Currently, swisstony is focusing on the France vs Spain match on July 14 (local time), placing heavy positions across multiple sub-markets for the game. Its core strategy remains making large volumes of "No" predictions—especially for low-probability exact scores—paired with some handicap and over/under bets. The whale consistently ranks at the top of prediction market monthly profit leaderboards, with a single-day profit exceeding $2 million. Analysts believe swisstony likely uses automated tools or real-time data to assist its trading.
1 hours ago
Data: 48% of Nasdaq 100 constituent stocks have corrected over 20% from their respective peaks, while 64% still trade above their 200-day moving average.
In the Nasdaq 100, 48% of constituent stocks have corrected at least 20% from their respective peaks. This proportion has doubled over the past 12 months, but remains lower than the 60% level recorded before the market bottomed at the end of March, and is still short of the extreme 80% hit during the 2022 bear market. Meanwhile, 64% of constituents are still trading above their 200-day moving average, near the year's highest level — a figure that stood at just 38% before the market bottomed on March 30. The rally in the U.S. stock index is increasingly relying on a small number of stocks for support.
1 hours ago
Analysis: BTC reclaiming the $70,700 level is the primary signal of a trend reversal, with some long-term investors accumulating at lower levels.
Analyst Darkfost points out that Bitcoin trading below the Short-Term Holder (STH) cost base is a hallmark of every bear market cycle. BTC has remained below this level for over nine months. The STH cost base currently stands at $70,700 and has consistently acted as a resistance level. In May, Bitcoin attempted to test the nearby level of roughly $82,000, only to pull back immediately. Since then, the STH cost base has dropped significantly, signaling that some investors have accumulated positions at lower prices, lowering their average holding cost. However, the price has yet to effectively hold above this key level. The analysis notes that a sustained recovery above the STH cost base will mark the first positive signal. Bitcoin is currently trading in a range of $59,000 to $64,000, a notable distance from the $70,700 resistance level. If BTC can later break through and hold above this level effectively, it will mean the entire short-term holder cohort has exited unrealized losses, and market sentiment could shift from bearish defense to structural recovery. Conversely, if resistance persists, the STH cost base will continue to decline, potentially extending the bear market bottoming cycle.
TL;DR The Solana three-day SuperTrend indicator has turned bullish for the first time since October, hinting at a potential trend reversal. Around 100 million SOL left exchanges while 1.4 million new addresses joined the network, pointing to growing adoption and reduced sell-side pressure. Analysts say Solana must secure a three-day close above $85 to clear a major resistance zone and target $100 and $127. A drop below $70 would invalidate the bullish setup and could expose SOL to a deeper correction toward $53. Solana may be showing early signs of a trend reversal after months of weakness, but analysts say the cryptocurrency still faces a crucial technical hurdle before a broader recovery can take shape.
Recent chart analysis suggests momentum is improving, supported by stronger on-chain activity and declining exchange reserves. However, a large historical supply zone between $76 and $85 continues to stand in the way of a sustained rally. If buyers fail to overcome that resistance, the recovery could lose steam despite improving fundamentals.
Bullish Technical Indicators Begin to Align According to the latest chart analysis shared by crypto analyst Ali Martinez, Solana’s three-day SuperTrend indicator has turned bullish for the first time since October, signaling what could be the beginning of a new market cycle.
The previous bearish signal accurately captured roughly a 74% correction in SOL’s price, making the latest flip noteworthy for technical traders. The accompanying Wyckoff Accumulation chart also suggests Solana may be transitioning from a prolonged accumulation phase toward a potential markup phase, provided buyers maintain control above key support levels.
The Wyckoff structure identifies a completed “spring” and a successful last point of support (LPS), patterns that are often associated with renewed buying interest before a larger move higher. While technical formations are not guarantees of future performance, they are widely monitored by market participants when assessing trend reversals.
Exchange Outflows Point to Lower Selling Pressure on Solana Technical indicators are being reinforced by improving on-chain data.
Over the past week, approximately 100 million SOL reportedly left exchange reserves, reducing the amount of tokens immediately available for sale. Large exchange outflows are often interpreted as investors transferring assets into self-custody or staking rather than preparing to sell, which can ease short-term selling pressure.
Network activity has also strengthened. During the past three weeks, roughly 1.4 million new addresses joined the Solana network, suggesting continued user growth despite broader market uncertainty. Recent industry data likewise shows expanding activity across the Solana ecosystem, including higher real-world asset adoption and increasing transaction volumes.
These trends suggest that underlying network participation continues to improve even as price remains below previous highs.
Heavy Resistance on Solana Still Blocks the Path Higher Despite the improving outlook, Solana still faces a significant technical challenge.
The UTXO Realized Price Distribution (URPD) shows that approximately 125 million SOL previously changed hands between $76 and $85. Investors who bought within that range may choose to sell once prices revisit their entry points, creating substantial overhead resistance.
SOL/USD Chart | Source: X Analysts believe a convincing three-day close above $85 would clear much of this supply zone and potentially open the way toward higher liquidity targets around $100 and $127. Until that breakout occurs, price action could remain volatile as buyers attempt to absorb selling pressure from holders trapped during previous declines.
While optimism has returned, the bullish outlook depends on Solana maintaining its current support structure.
A decisive break below $70 would invalidate the current bullish setup and cause the SuperTrend indicator to flip bearish once again. Under that scenario, technical analysts see the next major support zone near $53, where historical trading activity suggests stronger buying interest could emerge.
For now, the crypto appears to be at an important crossroads. Improving network metrics, exchange withdrawals, and bullish chart signals are strengthening the recovery narrative, but the market must still overcome one of its largest historical resistance zones before traders can confidently call the start of a broader uptrend.
An 18-year-old is making every defender at the 2026 FIFA World Cup look like they’re standing in quicksand. Lamine Yamal, Barcelona’s teenage phenom, leads the entire tournament with 5.8 successful dribbles per 90 minutes.
Several unofficial fan tokens trading under the ticker $YAMAL have appeared on the Solana blockchain, riding the hype of his performances. None carry endorsement from Yamal, Barcelona, or the Spanish national team. And with market caps typically sitting below $10,000, they’re less “investment opportunity” and more “digital sports memorabilia that nobody asked for.”
Dribbling at a generational level Here’s some context for that 5.8 number. At certain stretches of the tournament, Yamal has averaged as high as 12 successful dribbles per 90 minutes. That figure matches Jay-Jay Okocha’s record from the 1998 World Cup among players who logged over 200 minutes of action.
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Okocha was 25 when he set that mark. Yamal is 18.
The young winger has completed over 30 successful dribbles across the tournament so far. On July 10, 2026, he earned Man of the Match honors in Spain’s 2-1 victory over Belgium, leading his team in both dribble attempts and completions.
From pitch to blockchain Multiple $YAMAL tokens have been minted on Solana, capitalizing on the teenager’s tournament-defining performances. The tokens are entirely speculative. They have no official backing, no utility beyond trading, and no connection to Yamal’s actual brand or likeness rights.
Trading volumes on these tokens have been limited. The sub-$10,000 market caps suggest that even the most degen traders aren’t convinced there’s real upside here.
What this means for investors The $YAMAL tokens themselves are not worth a serious investor’s time. Sub-$10,000 market caps with negligible liquidity mean that even a small buy order can move the price dramatically, and getting out of a position can be nearly impossible when interest evaporates.
For the official fan token market, projects like Chiliz and its Socios platform, Yamal’s dominance is a double-edged sword. On one hand, it proves there’s genuine demand for athlete-linked digital assets. On the other, the proliferation of unofficial tokens on permissionless chains like Solana undercuts the value proposition of licensed, regulated alternatives.
The risk landscape here is straightforward. These unofficial tokens could face legal challenges if rights holders decide to act, their liquidity profiles make them essentially untradeable at scale, and their value is entirely dependent on continued media attention around a single player’s tournament performance.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana (SOL), the blockchain platform known for its high-speed transactions, is facing a critical technical juncture as its price hovers near key support in the $75 region. The asset recently slipped below a rising price channel after struggling to overcome a descending trendline multiple times.
Key resistance and downside targetsSOL is caught between pressure from recent sellers and the possibility of a rebound toward higher resistance. Bulls must reclaim and hold the $78-$79 range for the market to shift toward recovery. If this happens, upward momentum could target the $95 mark, although earlier resistance levels could slow any climb.
Repeated attempts to overcome resistance can gradually weaken it by absorbing sell orders, but Solana still has not managed a daily close above critical levels. Unless buyers defend $78 and above, bears could remain in control and threaten deeper price declines.
Continued rejection from the $78-$79 resistance and a recent breakdown below the channel continue to pressure SOL’s structure, leaving the asset vulnerable to further losses unless buyers can reverse the move quickly.
If the near-term recovery fails, price watching focuses on the $73-$74 region. A stronger bearish scenario may bring the $60 zone back into view, representing a sizable drop from the current price.
Key LevelBullish ScenarioBearish Scenario$78–$79Reclaim opens path toward $95Failure increases risk of downside$75Possible support for bounceBreak exposes $73–$74$60Major support if lower levels breakTarget in strong bearish case$95Next major resistance if bullish reversalUnlikely without reclaim above $78.50Short-term structure and outlookRecent price action shows Solana losing the lower edge of its former rising channel. Sellers have maintained control, pushing the asset below prior support and weakening its recovery outlook. Multiple failed rebounds and a pattern of lower highs signal waning demand in the short term.
Immediate attention centers on the $75 area as buyers attempt to stabilize price. If SOL manages to move back above $78.50, its short-term structure would improve and downside risk may ease. Otherwise, the chart suggests ongoing weakness, and failure to hold above $75 would likely open the door to further declines.
Solana’s next moves will depend on whether buyers can reclaim lost support zones or if sellers push the price toward the $73-$74 range or even lower.
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.
NEW YORK, July 12, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against CommVault Systems, Inc. (NASDAQ: CVLT) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired CommVault securities between April 29, 2025 and January 26, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/CVLT.
CommVault Case Details
The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:
(1) Defendants provided investors with misleading guidance and projections regarding CommVault's anticipated annual recurring revenue (“ARR”) growth for fiscal year 2026, including projections related to new net ARR growth;
(2) Defendants simultaneously disseminated overly positive statements while concealing material adverse facts concerning the true state of the Company’s ARR growth environment;
(3) Defendants knew or recklessly disregarded that the Company’s ARR growth guidance failed to properly account for critical variables, including the type of sales driving ARR performance; and
(4) as a result, Defendants’ statements about the Company’s business, operations, and prospects lacked a reasonable basis and were materially false and misleading at all relevant times.
What's Next for CommVault Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/CVLT. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in CommVault you have until July 17, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to CommVault Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for CommVault Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
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Prior results do not guarantee similar outcomes.
Venture capital in crypto has rarely been quiet, but the first half of 2026 is shaping up as a period of concentrated aggression from the industry’s biggest names—and a few unexpected ones. According to data compiled by CryptoRank and highlighted in the original report, Coinbase Ventures led all investors by a wide margin, participating in 30 deals through the first six months of the year. It wasn’t just a numbers game. The distribution of deals tells a story about which balance sheets are most willing to keep writing checks while regulatory fights drag on and token prices search for direction.
Animoca Brands posted 19 deals, a16z crypto recorded 18, and Tether landed at 15. After that, a cluster of firms—Castrum Capital, Becker Ventures, and Galaxy—each recorded 10 deals. The list itself doesn’t include deal sizes or sector breakdowns, but the sheer count places Coinbase Ventures in a position it hasn’t occupied so visibly since the last true venture boom. Animoca’s second-place finish is consistent with its expansionist approach to web3 gaming and metaverse infrastructure, while a16z’s 18 deals suggest the firm’s multi-billion-dollar crypto fund remains in deployment mode despite a market that has punished late-stage valuations.
Tether’s quiet venture buildout Tether’s presence in the top four is the variable that changes the narrative. The company that prints the world’s largest dollar-pegged stablecoin has been steadily investing its profits into adjacent infrastructure, energy projects, and now apparently early-stage startups. Fifteen deals in six months is not a passive treasury management exercise. It signals that Tether is building a venture portfolio that could eventually rival dedicated crypto funds in pace and influence. Combined with its push into payment rails and commodity trade finance, Tether is assembling a vertically integrated stack that other stablecoin issuers have not attempted at this scale.
These rankings don’t reveal whether Tether’s activity is concentrated in pre-seed rounds, strategic token deals, or more traditional equity. But the volume alone forces a re-evaluation of the stablecoin issuer’s ambitions. In the same period that Tether was writing 15 checks, Circle Ventures was far less visible. That asymmetry may matter for protocols looking for capital from entities that also control liquidity rails.
What dealers are really buying Transaction counts can obscure as much as they reveal. A high deal count with small check sizes looks different than a concentrated bet on a handful of large rounds. Coinbase Ventures, for its part, has a history of writing relatively small checks into a high volume of early-stage deals, using its exchange ecosystem as a distribution funnel. The strategy makes sense when capital is abundant and founders are fighting for exchange listings, but its durability depends on whether those early bets mature into liquid tokens that can actually be distributed.
The broader institutional appetite for crypto infrastructure has already produced blockbuster deals, such as the $4.2 billion acquisition of Equiniti by Bullish, covered in a recent tokenization roundup. A separate indicator of infrastructure demand comes from Sui, where institutional staking products helped push the token price up 18% in a single day in May, as reported earlier. When VCs sink capital into layer-1 ecosystems and staking infrastructure, they are implicitly betting that these networks will capture the same kind of institutional flow that is now beginning to arrive.
At the same time, deal volume alone doesn’t answer the harder question: how many of these bets are marking-to-market? With limited token liquidity and a secondary market that remains skittish about private valuations, the gap between portfolio mark-ups and realized returns is widening. That tension will become harder to ignore if the deal count stays elevated but exit opportunities don’t materialize.
Regulatory noise, venture continuity The regulatory picture is similarly unsettled. A landmark US crypto bill faces an 11th-hour assault by banking lobbyists just days before a Senate vote, as detailed in this coverage. For venture firms, that kind of brinkmanship makes every deal a bet on political outcomes, not just product-market fit. It is notable, then, that the pace of early-stage crypto investing hasn’t slowed. Either the investors believe the bill will pass in some form, or they’ve already priced in the worst-case regulatory environment.
While VC deal counts reveal where money is flowing, blockchain developer activity provides a measure of organic ecosystem health. In the latest weekly tally, Ethereum, BNB Chain, and Polygon topped the rankings, demonstrating that the ecosystems with the deepest builder communities remain the most resilient, as highlighted in a developer activity analysis. The correlation between high developer counts and sustained VC interest is not perfect, but it is often a leading indicator of where protocols can attract enough engineering talent to ship meaningful upgrades.
For now, the data shows a market where conviction capital is still being deployed, but in a more concentrated and strategic fashion than during the froth of 2021. The firms at the top of the list are not merely throwing darts; they are using their existing platform advantages to create deal flow that smaller funds cannot replicate. Whether that approach generates superior returns over the 2026–2028 cycle is the real metric to watch.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Shibarium, which is Shiba Inu's L2, saw a decline in activity over the last 24 hours. According to Shibariumscan explorer, the daily transaction count on the Shibarium blockchain fell from 5,170 recorded on July 10 to 1,280 on July 11, a 75% drop.
After days running into weeks of flat network activity, the Shibarium transaction count showed a rise, increasing 361% from 1,120 on July 9 to 5,170 on July 10. However, this was swiftly reversed, as before, with Shibarium transactions dropping to 1,280 consequently.
Shibarium saw a massive 3,152% transaction spike in mid-June when the daily transaction count rose from 1,160 to 37,730 on June 17.
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This also sharply reversed, with Shibarium daily transaction counts dropping to the baseline subsequently. The trend of an increase followed by a drop, as seen currently on Shibarium, matches the broader trend in the market where rallies are quickly met with selling pressure.
Activity on a specific blockchain can fluctuate due to market conditions, a decrease in active users, and the completion of major ecosystem initiatives. It cannot be ascertained which of these factors might be responsible for the current trend seen on the Shibarium blockchain.
Crypto market awaits catalystThe general cryptocurrency market has entered a calm phase after months of selling, leading many traders to decrease on-chain activity while waiting for further catalysts. This quietness might result in fewer blockchain transactions across different networks, including Shibarium.
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Developers also continue to build infrastructure across the Shibarium ecosystem, implying that current transaction figures may not fully reflect long-term adoption.
The market is currently flashing mixed signals: open interest has stopped falling, leverage is increasing, and the funding rate has turned positive. The next major price increase likely depends on whether spot demand returns. At the time of writing, SHIB was down 2.43% in the last 24 hours to $0.0000043 and down 1.23% on the week.
Though the crypto derivatives market is showing signs of stabilization, a definitive bottom has yet to be confirmed for most crypto assets.
Shibarium, Shiba Inu’s layer-2 scaling solution built to enhance transaction speed and lower costs on the Ethereum network, experienced a substantial drop in network activity over the past day. Data from the Shibariumscan explorer showed that the number of daily transactions on the Shibarium blockchain fell sharply from 5,170 on July 10 to 1,280 on July 11, reflecting a 75% decrease within 24 hours.
Volatility and sharp reversals in transaction countThis fall followed a brief surge in on-chain activity. Daily transactions on Shibarium had climbed from 1,120 on July 9 to 5,170 on July 10, marking a 361% increase. However, this rally was short-lived, with the network’s transaction count quickly retreating to 1,280.
A similar pattern was previously observed in mid-June. On June 17, Shibarium’s daily transactions surged by 3,152%, ballooning from 1,160 to 37,730 in one day. The spike did not hold, as transaction volumes dropped back to their usual levels soon after.
DateDaily TransactionsChange (%)July 91,120–July 105,170+361%July 111,280-75%June 161,160–June 1737,730+3,152%Market conditions drive network activityTransaction volumes on blockchains like Shibarium often fluctuate in response to changing market conditions and levels of user engagement. Broadly, participants in the cryptocurrency sector have reduced on-chain activity, waiting for new market catalysts after an extended period of volatility and selling pressure.
It remains unclear which specific factors are driving the current shifts in Shibarium activity. Possible reasons include a decline in active users or the recent completion of significant ecosystem projects.
Mini dictionary: Shibarium is a layer-2 blockchain network designed to increase the speed and efficiency of transactions within the Shiba Inu ecosystem by operating atop the Ethereum network.
Developers continue to build out new infrastructure in the Shibarium environment, suggesting that current transaction data might not accurately represent future user adoption or network growth.
Broader crypto market trendsThe cryptocurrency market is currently experiencing a period of relative calm following months of downward momentum. Many traders have stepped back from on-chain engagement, contributing to the overall decline in blockchain transactions, including on Shibarium.
Despite the slowdown, a stabilization in crypto derivatives trading has been noted. Open interest, which had been falling, has now steadied. Leverage is on the rise while funding rates have turned positive, reflecting some cautious optimism among active traders.
Any significant upward move in token prices will likely require fresh spot market demand to return. As of the latest available data, SHIB, the native token of the Shiba Inu ecosystem, traded at $0.0000043, down 2.43% in the past 24 hours and 1.23% over the past week.
After periods of heightened activity, Shibarium again saw transaction figures fall sharply, in line with broader market cooling effects.
While recent indicators in derivatives markets suggest some stability, most digital assets have yet to signal a clear bottom.
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.
Marvell Technology has become one of the loudest AI infrastructure stories of the past twelve months, and the numbers back it up. Marvell Technology (NASDAQ:MRVL | MRVL Price Prediction) shares are up 186.61% year to date as custom XPU silicon, 800G/1.6T optics, and 51.2T Ethernet switches ride the hyperscaler capex wave.
CEO Matt Murphy told investors the company is seeing “exceptional AI-related bookings” and just raised the fiscal 2027 and 2028 outlook. The question I want to answer is simple. Can this stock hit $400 by 2027?
What’s Holding Marvell Back Right Now Despite the parabolic YTD move, shares have cooled off. Marvell is down 8.85% in the last month and 0.82% on the week, sitting 24% below the 52-week high of $329.88.
The pullback lines up with two real concerns. First, customer concentration risk is real. Data center now accounts for 76% of revenue, and hyperscaler vertical integration is a genuine overhang.
Second, a beta of 2.197 means every macro wobble hits harder here than in a broad index. Add in net insider selling across 129 recent transactions, and the profit-taking narrative writes itself. I do not think that changes the multi-year thesis, but it explains why the tape looks tired.
Wall Street Sees 4% Upside. Our Model Says 16% Consensus analyst target is $252.26, which is essentially where the stock trades today. The rating breakdown is heavily bullish: 7 Strong Buys, 31 Buys, 5 Holds, and 1 Strong Sell, an 86% bullish share. Our own base case is $282.97 with 90% confidence, implying 16.32% upside, and the bull case runs to $351.97.
The sell side is likely behind the curve. Analysts anchored their targets before management raised the fiscal 2028 outlook. If bookings acceleration is real, the current consensus is a lagging indicator. That is the gap I am trying to price.
The Path to $400 Per Share Reaching $400 from today’s price of $243.27 would require a gain of 64.4%. With forward EPS of $4.36, a price of $400 implies a forward P/E of 92x. Our base case of $282.97 already implies 80x, meaning the bold target requires roughly 12x of additional multiple expansion.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Marvell Technology didn't make the cut. Grab the names FREE today.
Is that achievable? The forward P/E compression story only works if EPS growth outruns expectations. Q1 FY2027 revenue grew 27.6% YoY to $2.418 billion, and Q2 is guided to $2.70 billion, roughly 35% YoY. Free cash flow jumped 126.8% to $483.1 million.
Murphy said flatly, “We expect revenue growth to continue accelerating each quarter throughout fiscal 2027.” The Celestial AI and XConn deals close the interconnect gap, and the 247Factor adjustment of 1.104, driven by 1.15 sector momentum and 86% analyst bullishness, tells you the setup is aligned. The main risk is a hyperscaler pausing custom silicon orders.
Where Marvell Trades Today vs Its Earnings Power At $243.27 against forward EPS of $4.36, Marvell trades at roughly 56x forward earnings. That is a premium multiple, priced for durable AI capex growth.
The stock sits between the 52-week low of $61.32 and high of $329.88, and the 10-year return of 2,517.21% shows what compounding at AI-adjacent margins can do. Fiscal 2026 non-GAAP EPS grew 81% to $2.84. If that operating leverage continues, today’s multiple compresses fast.
Is $400 Realistic? Here’s My Take My read: $400 by 2027 is a stretch, but it is not a fantasy.
It requires a 64.4% gain, driven by three things going right: fiscal 2028 guidance rising again on custom XPU wins, gross margin holding near 59%, and no hyperscaler pulling in-house. What would derail it is a broader semiconductor spending pause. Returns at this level shouldn’t be expected every year, but we’ve outlined the blueprint for how Marvell could reach $400 in 2027.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Marvell Technology didn't make the cut. Grab the names FREE today.
New York, New York--(Newsfile Corp. - July 12, 2026) - Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against AeroVironment, Inc. (NASDAQ: AVAV) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired AeroVironment securities between June 25, 2025 and March 10, 2026, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/AVAV.
AeroVironment Case Details
The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that:
AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the SCAR program and the U.S. Space Force's ongoing efforts to modernize the SCN; accordingly, Defendants overstated AeroVironment's business and financial prospects; and as a result, Defendants' public statements were materially false and misleading at all relevant times.What's Next for AeroVironment Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/AVAV, or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in AeroVironment you have until July 27, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to AeroVironment Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for AeroVironment Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
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NEW YORK, July 12, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Verra Mobility Corporation (NASDAQ: VRRM) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Verra securities between February 24, 2026 and May 26, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/VRRM.
Verra Case Details
The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that:
Defendants misrepresented the nature and stability of Verra’s relationship with Avis Budget Group (“Avis”), including the likelihood of securing a contract extension; Defendants downplayed the risk that major rental car companies, including Avis, could replace Verra’s services with in-house solutions or alternative third-party providers; and as a result, Defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading at all relevant times. What's Next for Verra Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/VRRM. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Verra you have until August 4, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Verra Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Verra Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
Follow us for updates on LinkedIn, X, Facebook, or Instagram.
Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
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NEW YORK, July 12, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Calix, Inc. (NYSE: CALX) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Calix securities between January 28, 2026 and April 21, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/CALX.
Calix Case Details
The Complaint alleges that throughout the Class Period, defendants failed to disclose to investors:
(1)the Company’s first quarter margins had significantly benefited from advanced purchasing of memory components; (2)that the Company’s advanced supply of memory components was dwindling; (3)that, as a result, the Company was experiencing negative margin pressure as it was forced to purchase memory components at rising market prices; and (4)that, as a result of the foregoing, Defendants’ positive statements about the Company’s margins, business, operations, and prospects were materially misleading and/or lacked a reasonable basis. What's Next for Calix Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/CALX. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Calix you have until July 27, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Calix Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Calix Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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Contact Info
Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]
Attorney advertising.
Prior results do not guarantee similar outcomes.
Element Solutions Forming Flat Base After Q2 Earnings Solstice Advanced Materials said it has agreed to acquire Element Solutions NYSE: ESI in a cash-and-stock transaction valued at approximately $14.5 billion, including the assumption of net debt, as the companies outlined plans to create a larger advanced materials platform with a heavier focus on electronics, data centers and related thermal management applications.
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Under the agreement, Element Solutions shareholders will receive $10 in cash and 0.5 shares of Solstice common stock for each Element Solutions share. Solstice President and CEO David Sewell said the offer represented a 15% premium to Element Solutions’ closing share price on Friday. Upon closing, Element Solutions shareholders are expected to own approximately 44% of the combined company.
The transaction is expected to close in the first half of 2027, subject to approvals from both companies’ shareholders, regulatory approvals and customary closing conditions. The combined company will operate as Solstice, with Sewell serving as CEO. Element Solutions CEO Ben Gliklich is expected to join Solstice’s board, along with two other designees from Element Solutions’ board, subject to standard governance procedures.
Companies Emphasize Electronics and Data Center Growth Sewell said the deal accelerates Solstice’s strategy as an independent company and creates what he described as a global advanced materials leader with expected combined 2025 net sales of approximately $6.8 billion and adjusted EBITDA of $1.7 billion. He said the combined company would have leading positions across end markets and more than 8,300 patents and pending applications.
Solstice executives framed the acquisition around the growth of advanced computing, artificial intelligence and data centers, particularly the need for materials used in semiconductor fabrication, advanced packaging, assembly and thermal management.
“We believe this combination creates an unmatched electronic materials platform,” Sewell said, adding that the portfolios are “highly complementary” across semiconductor fabrication, packaging, assembly and thermal management.
Gliklich said Element Solutions has been positioning its businesses toward faster-growing, higher-value customers and markets. He noted that Element Solutions generates just over 70% of its revenue from electronics, with about 75% of electronics sales coming from business-to-business markets. He also said more than 20% of Element Solutions’ sales come from the data center market and that percentage is growing.
Gliklich said the deal combines Solstice’s expertise in synthesis and engineering with Element Solutions’ expertise in formulation, process chemistry and applications development. He said the combination should help accelerate innovation and time to market.
Synergies and Financial Targets Solstice said it has identified more than $180 million in expected annualized run-rate cost synergies on a net basis, which it expects to realize within three years of closing. Sewell broke down the expected savings as follows:
Approximately $100 million from operational initiatives and operating model integration, including efficiencies in G&A, sales and marketing, and R&D; About $25 million from supply chain improvements, including raw material and procurement scale and copper recovery from deposition processes; Around $20 million from footprint optimization; About $35 million from other initiatives. Solstice CFO Tina Pierce said the combined company, including run-rate synergies, is expected to have an adjusted EBITDA margin of approximately 26%. She said revenue is expected to grow at a mid- to high-single-digit rate over the medium term, with adjusted EBITDA growing faster than revenue as synergies phase in. Pierce also said the company expects cash conversion of approximately 75% and expects the transaction to be accretive to adjusted earnings per share in year one.
Solstice expects net leverage of approximately 3.5 times at closing and said it anticipates deleveraging to below 3 times within 18 months after the transaction closes. Pierce said the longer-term net leverage target is 2 times to 3 times, in line with the company’s current credit rating profile.
Portfolio Fit and Integration Plans Sewell said Solstice’s strengths are concentrated in front-end semiconductor fabrication, including chemistries used in deposition, patterning, etching and cleaning. Element Solutions, he said, largely complements those capabilities in advanced packaging, printed circuit board building and assembly. He highlighted copper interconnects and thermal management as areas where the companies believe they can offer more complete solutions together.
In response to analyst questions, Sewell said the timing of the deal reflected the importance of advanced electronics to Solstice’s long-term strategy and the increasing demands customers are placing on suppliers for solutions. He said the integration is expected to be manageable because of the complementary nature of the businesses, though he stopped short of calling it a simple “drop-in” acquisition.
Gliklich said Element Solutions was approached by Solstice and had not put itself up for sale. He described the offer as attractive for Element Solutions shareholders because it includes upfront cash, a premium and continued participation in the expected value creation through Solstice stock.
Executives also said they see potential revenue synergies, though Pierce said the company’s revenue growth target depends only on a relatively small amount of revenue synergy. Sewell said some opportunities could come from cross-selling into each company’s customer base, while longer-term opportunities may require qualification processes that could take about two years.
Asked about possible divestitures, Sewell said it was premature to provide details but said the transaction gives Solstice more flexibility to tailor its portfolio to its long-term vision. He said the combined company would not be a pure-play electronics company, emphasizing that refrigerants and nuclear services also fit into Solstice’s view of data center infrastructure, including cooling and power needs.
Solstice executives said planned investments, including Kuprion facilities at Element Solutions and Solstice’s nuclear expansion and sputtering targets expansion, are included in the company’s financial model. Sewell said those investments are not expected to prevent the company from meeting its deleveraging goals.
About Element Solutions NYSE: ESIElement Solutions Inc is a global specialty chemicals company that develops and supplies highly engineered chemistries to performance-driven end markets. The company's solutions serve customers across the electronics, energy, transportation, consumer and industrial sectors, with a particular emphasis on electronics chemicals, metal plating, and industrial coatings additives.
In the electronics market, Element Solutions provides a range of plating and surface-treatment chemistries used in the manufacture of printed circuit boards, semiconductor devices, and advanced display technologies.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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