Key Highlights The Ironwood network upgrade for Zcash will activate on July 28, 2026 The upgrade retires the Orchard pool after discovery of a critical counterfeiting vulnerability ZEC price has rebounded to approximately $492 following a sharp 50% decline to $299 after bug revelation Open Interest in ZEC futures climbed 18% within 24 hours to reach $914.91 million Zcash has now issued more than 80% of its total 21 million token cap The Zcash ecosystem has officially scheduled its Ironwood mainnet upgrade for July 28, 2026. According to core developer Sean Bowe, the activation will occur at block height 3428143, with full backing from every major organization participating in the network.
Zcash (ZEC) Price This upgrade directly addresses a critical vulnerability discovered in May within Zcash’s Orchard pool—the primary privacy-focused transaction layer. The flaw theoretically enabled the undetectable creation of counterfeit ZEC tokens.
Ironwood will permanently deactivate the Orchard pool while blocking any further transactions within it. A newly designed shielded pool will take its place, incorporating formal verification protocols, independent security assessments, and quantum-resistant note structures.
LATEST: ⚡ Zcash developers say they're nearing a mathematical proof that the upcoming Ironwood shielded pool has no hidden counterfeiting bugs. pic.twitter.com/5AmpKYSOEz
— CoinMarketCap (@CoinMarketCap) July 8, 2026
As users migrate their holdings from the deprecated Orchard pool to the new Ironwood infrastructure, all transfers must clear an accounting verification point. This mechanism could potentially expose whether any fraudulent tokens were actually minted during the vulnerability window.
Shielded Labs initially advocated for postponing the launch, citing insufficient preparation time for cryptocurrency exchanges, wallet providers, and mining operations. The confirmed July 28 date represents a one-week extension from the initially proposed July 21 activation.
Token Value Rebounds Following Sharp Correction The ZEC token experienced significant selling pressure immediately after the Orchard vulnerability became public on June 3. Prices tumbled 50% from $602.68 down to a bottom of $299.25. The token has since recovered substantially, currently trading near $492.61.
Source: TradingView FXStreet analyst Vishal Dixit observed that ZEC maintains positions above both its 50-day exponential moving average at $457 and its 200-day EMA at $388. He pinpointed the 78.6% Fibonacci retracement level at $520 as the subsequent resistance target to monitor.
Sean Bowe’s announcement regarding the activation block height on X platform sparked renewed market engagement. The confirmation from all participating organizations strengthened confidence in the upcoming transition.
Futures Markets Reflect Growing Trader Confidence Data from CoinGlass indicates that ZEC futures Open Interest expanded by 18% over a 24-hour window, reaching $914.91 million. Simultaneously, trading volume increased approximately 10% to $1.66 billion during the identical timeframe.
The funding rate registered at 0.0105% positive, demonstrating that traders are accepting premium costs to maintain long exposure.
In a separate development, Zcash achieved a significant supply threshold this week. According to a Monday announcement from ruZCASH, the network has now distributed over 80% of its maximum 21 million ZEC supply cap, with 16,806,723 tokens currently in active circulation.
Zcash is preparing to activate its Ironwood network upgrade on July 28 at block height 3,428,143, a direct response to a serious bug that could have allowed unlimited counterfeit ZEC to be minted from thin air. The privacy-focused blockchain discovered the vulnerability in late May, and the past two months have been a masterclass in crisis management, or at least an attempt at one.
The bug resided in the Orchard shielded pool, the very layer designed to keep Zcash transactions private. In a cruel irony, the privacy feature that made ZEC attractive was also the mechanism that could have let someone quietly print fake coins without anyone noticing.
What happened and how Zcash responded Researcher Taylor Hornby uncovered the soundness flaw in late May 2026. The vulnerability was particularly alarming because it exposed a fundamental weakness in a system that relied heavily on developer trust rather than cryptographic guarantees for supply integrity.
The Zcash team moved quickly with emergency patches in early June. A soft fork temporarily disabled the Orchard pool entirely, followed by a hard fork to further lock down the vulnerability.
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These were stopgap measures. The real fix is Ironwood, which was initially proposed for activation on July 21 but was pushed back one week to July 28 to allow for additional testing and audits.
The upgrade introduces an entirely new shielded pool built on revised Orchard code. The headline feature is a turnstile, or accounting checkpoint, which requires any funds moving from the old Orchard pool to pass through a public checkpoint before entering the new Ironwood pool, allowing for real-time verification of total circulating ZEC supply.
Market reaction tells the story The market did not take the initial disclosure well. ZEC’s price dropped approximately 50% after the bug was revealed, falling to lows near $300.
The recovery has been notable, though. After the emergency patches and the Ironwood upgrade proposal were announced, ZEC bounced back to the $400 to $500 range.
Major stakeholders appear to be rallying behind the fix. Zcash Open Development Lab, Project Tachyon, and Valar Group are all backing the upgrade with full developer support. Rigorous audits are reportedly underway, orchestrated primarily by Project Tachyon and its partners.
What investors should be watching The July 28 activation date is the obvious milestone, but the migration process from the old Orchard pool to the new Ironwood pool will be a critical period. Users will need to move their funds through the public checkpoint.
Watch the audit results closely. Project Tachyon is coordinating these audits, and the findings will likely influence whether institutional investors who fled during the price crash are willing to return.
There’s also the question of whether any counterfeiting actually occurred before the bug was patched. Once funds migrate through the checkpoint, any counterfeit ZEC would theoretically be caught. If the total supply checks out after migration, it would be a powerful signal that the system’s integrity was maintained despite the vulnerability.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
HomeMarketsDRAM makers have been outperforming hyperscalers of lateJuly 10, 2026, 5:31 a.m. ET
Chris Wood worris that future commitments on the leasing of data centers like this are liabilities that the hyperscalers are keeping off balance sheet at present. Photo: Getty ImagesA growing sense of fatigue with the artificial intelligence trade and the related arms race is prompting one strategist to advise that investors stick with the so-called picks and shovels rather than the spenders.
Jefferies chief global strategist Chris Wood prefers the memory chip makers like Micron MU, Samsung Electronics KR:005930 and SK Hynix KR:000660 rather than the hyperscalers, such as Meta META, Microsoft MSFT, Amazon AMZN and Alphabet GOOG who have committed so much capital towards developing AI, and plan to commit so much more.
The public stance of one of the world’s most watched sovereign wealth funds has shifted only slightly since the FTX collapse: no direct crypto exposure, and no plans to add any. Nagi Hamiyeh, chief investment officer at Temasek, repeated that message this week, according to the original report from CNBC. The Singapore state fund took a roughly $275 million impairment on its FTX investment in 2022, and the lesson it drew appears fixed in place.
The fund has no direct crypto holdings, Hamiyeh said, adding that regulatory uncertainty keeps digital assets “outside our investment scope.” That language matters. It is not a temporary pause or a tactical portfolio decision. It is a boundary drawn by institutional risk parameters, the kind that sets a ceiling on the capital that can flow into crypto markets from this class of allocator until the legal ground shifts.
The FTX Shadow and Institutional Memory A $275 million write-off is not large by Temasek standards. The fund manages nearly S$400 billion in assets, so the loss was absorbable. But the reputational sting outlasted the financial hit. An internal review followed the FTX impairment, and the fund’s leadership faced public questioning over due diligence lapses. Temasek subsequently said it had conducted extensive review of FTX’s financials, but it was clearly burned by governance failures that red-team processes missed. Since then, the fund has drawn a clean line around direct crypto exposure.
That line is dotted on the blockchain side. Hamiyeh confirmed Temasek will continue to monitor blockchain and related infrastructure applications in the real economy. That is not a throwaway comment. It signals that the fund is comfortable with the technology layer—settlement systems, supply chain tools, tokenization rails—but views crypto assets as a separate category, one where price discovery is still too loose and regulatory frameworks remain inadequate.
The Regulatory Barrier and the Bank Fight Hamiyeh’s reference to regulatory uncertainty arrives at a moment when the architecture of US crypto law is being fought over. The biggest crypto market-structure bill in years is facing fierce opposition from banks just days before a Senate vote, highlighting how far the industry remains from settled rules. For sovereign funds that require policy stability to commit to new asset classes, that kind of legislative volatility is itself a disqualifier.
Without transparent custody rules, clear definitions of securities versus commodities for digital assets, and cross-border regulatory coordination, large funds like Temasek are structurally unable to build direct crypto positions at any scale that would matter to their portfolio. The boundary Hamiyeh describes is therefore not just philosophical; it is operational.
Diverging Paths in Institutional Allocation Temasek’s posture does not represent every large allocator. The tokenization of real-world assets is accelerating, with tokenized Treasury products crossing $20 billion on-chain and major financial institutions settling trades directly on blockchain rails. The divide is increasingly between those who want exposure to the infrastructure and those who want exposure to the underlying coins. Temasek is firmly on the infrastructure side.
What remains uncertain is whether that distinction can hold. As tokenized funds and on-chain settlement become more mainstream, the line between a blockchain application and a crypto asset will blur. A fund that holds tokenized government bonds on a public ledger is not far from holding a stablecoin-denominated yield product. Temasek’s language leaves room for evolution, but only on the fund’s terms, and only within a tighter regulatory perimeter than exists today.
The developer side of blockchain ecosystems continues to hum despite the institutional caution around spot crypto. Activity across Ethereum, BNB Chain, and Polygon remains robust, with Ethereum leading the pack in weekly developer activity. For a fund that says it monitors blockchain infrastructure, that steady technical output likely registers more than a rally in a memecoin.
What This Means for Crypto Market Depth Temasek’s continued absence from spot crypto is a small data point in the global pool of sovereign capital, but it travels. When a blue-chip state fund that already took a mark-to-market hit declares the asset class off-limits until regulations improve, it reinforces a narrative among pension boards, endowment committees, and family offices that digital assets remain too hot to handle.
That does not cap crypto prices—markets will do what they do—but it does cap the breadth of institutional participation. A deeper, more liquid market depends on exactly the kind of parallel-sideways capital that Temasek represents. For now, that capital is watching the technology but keeping its wallet closed.
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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.
Temasek Holdings has ruled out direct crypto investments, the Singapore state-owned investment firm said Wednesday, pointing to regulatory uncertainty and the lingering damage from its $275 million write-off following the collapse of FTX in 2022.
The firm, which manages S$518 billion (approximately $400 billion) in assets, will instead redirect capital toward artificial intelligence, targeting AI-related holdings of 15% of its portfolio by 2031, up from 6% in the first quarter of 2026.
"We don't have directly any investment in crypto," Nagi Hamiyeh, president of Temasek Global Investments, told CNBC. "I can't forecast what happens in the future, and the role that crypto is going to play in the main economy, depending on the different regulations that might happen."
The FTX shadow
The FTX collapse and subsequent crypto market failures exposed weak consumer protections in Singapore, prompting the Monetary Authority of Singapore (MAS) to tighten supervision of digital asset players operating in the city-state. The result was higher compliance costs and slower licensing timelines – barriers that have made Singapore a more difficult operating environment for crypto businesses.
Those regulatory headwinds, combined with the FTX loss, have kept Temasek on the sidelines of digital assets despite continued interest in the underlying technology.
Blockchain, not crypto
Temasek's position is nuanced: the fund is not abandoning blockchain entirely. Hamiyeh said the firm is continuing to explore blockchain technology and its potential to transform the real economy. The distinction the fund appears to be making is between speculative crypto exposure — particularly direct token holdings — and infrastructure or enterprise applications of distributed ledger technology that may emerge as AI systems become more integrated into financial markets.
The pivot also reflects timing. "The AI investment cycle has just begun and will continue for decades," Hamiyeh said, though he cautioned that valuations in parts of the AI sector have run ahead of business fundamentals — a warning that echoes concerns already voiced by a number of institutional investors watching AI multiples compress after the 2022-2023 surge.
Context for the crypto industry
Temasek's stance is notable as a data point in how major institutional capital continues to treat digital assets with caution despite recovering markets. The firm joins a cohort of large, long-horizon investors — including several sovereign wealth funds — that have publicly distanced themselves from direct crypto exposure even as they acknowledge blockchain's potential.
The regulatory environment Temasek cites has shown some signs of improvement. MiCA full enforcement is now live in the EU, the CLARITY Act draft is expected in the US, and Singapore's updated payment services framework has provided more regulatory clarity. Whether those developments are enough to shift Temasek's position over time remains an open question.
The fund's broader portfolio continues to grow: it reported net portfolio value of S$518 billion for its latest reporting year, up S$49 billion from the prior year, with AI-related investments forming part of that expansion.
, /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today announced that it will report its unaudited financial results for the second quarter ended June 30, 2026 before the U.S. market opens on Thursday, July 30, 2026 (after the trading hours of the Hong Kong Stock Exchange on Thursday, July 30, 2026).
Yum China's management will hold an earnings conference call at 7:00 a.m. U.S. Eastern Time on Thursday, July 30, 2026 (7:00 p.m. Beijing/Hong Kong Time on Thursday, July 30, 2026).
A live webcast of the call may be accessed at https://edge.media-server.com/mmc/p/zubr6dix.
To join by phone, please register in advance through the link provided below. Upon registering, you will be provided with participant dial-in numbers and a unique access PIN.
A replay of the webcast will be available two hours after the event and will remain accessible until July 29, 2027. Earnings release and accompanying slides will be available at the Company's Investor Relations website http://ir.yumchina.com.
About Yum China Holdings, Inc.
Yum China is the largest restaurant company in China with a mission to make every life taste beautiful. The Company operates over 18,000 restaurants under six brands across over 2,600 cities in China. KFC and Pizza Hut are the leading brands in the quick-service and casual dining restaurant spaces in China, respectively. In addition, Yum China has also partnered with Lavazza to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine. Taco Bell offers innovative Mexican-inspired food. Yum China has a world-class, digitalized supply chain which includes an extensive network of logistics centers nationwide and an in-house supply chain management system. Its strong digital capabilities and loyalty program enable the Company to reach customers faster and serve them better. Yum China is a Fortune 500 company with the vision to be the world's most innovative pioneer in the restaurant industry. For more information, please visit http://ir.yumchina.com.
USD/JPY fell to 161.67 on Friday, with the yen fully recovering its losses from the beginning of the week. Market participants are once again increasing expectations of possible intervention by Japanese authorities, following the national currency’s recent move to nearly 40-year lows.
Investors are also awaiting the release of official intervention data later this month to determine whether the Bank of Japan’s actions were behind the yen’s sharp – though brief – gains in recent weeks.
Fresh macroeconomic data has attracted additional attention. Japan’s producer prices rose 7.1% year-on-year in June, marking the fastest pace since March 2023. Cost pressures remain elevated due to the Middle East conflict and the significant weakening of the yen.
At the same time, the Japanese currency found support from lower oil prices following reports that the US and Iran intend to continue peace negotiations despite the recent escalation. The decline in oil prices prompted a retreat in both the dollar and US Treasury yields, while also easing concerns about rising import costs for Japan, which remains one of the largest buyers of Middle Eastern oil.
Technical Analysis On the H4 USD/JPY chart, the market is forming a consolidation range around the 161.57 level, currently extending up to 162.62. A decline towards 161.30 is expected today, followed by a rebound to 162.62, with scope for the trend to extend to 164.15. The MACD indicator supports this scenario, with its signal line above zero and pointing firmly upwards, reflecting continued bullish momentum.
On the H1 chart, the market has completed a downward move to 161.20, with a possible extension to 161.16. A move higher towards 162.62 is expected. A breakout above this level would open the way for a continuation towards 164.15. The Stochastic oscillator confirms this scenario, with its signal line above 20 and pointing upwards towards 80, indicating increasing short-term upside momentum.
Conclusion The yen has fully recovered its losses from the start of the week, supported by renewed expectations of potential Japanese intervention and lower oil prices following signs of US–Iran peace negotiations. Producer prices in Japan rose at their fastest pace since March 2023, reflecting persistent cost pressures from the Middle East conflict and currency weakness. However, falling oil prices eased concerns over Japan’s energy import costs and contributed to a retreat in the dollar and Treasury yields. Technically, USD/JPY may see further downside towards 161.30 in the near term, but the broader uptrend remains intact, with potential for a rebound towards 162.62 and beyond. The market’s focus now turns to official intervention data for confirmation of recent central bank activity.
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Oil is back in the driver’s seat, and both the pound and the aussie are feeling its grip. The Bank of England held rates at 3.75% in June, but with UK inflation at 2.8% and crude oil climbing on renewed Middle East tensions, markets now lean towards a hike before year-end. Down under, the Reserve Bank of Australia held its cash rate at 4.35% after three straight increases, with core inflation stuck at 3.6%, keeping the door open for further tightening. Two hawkish central banks, one shared inflationary culprit—yet it’s the existing 60-basis-point rate gap in Australia’s favour that is giving GBP/AUD its current shape, with the pair holding firm near the 1.93 handle as traders watch which bank blinks first.
Technical Outlook
GBP/AUD pits two currencies backed by hawkish central banks against each other. After a sharp downtrend, the pair found a floor in May 2026 and has since reversed into a medium-term uptrend as sterling claws back ground against the aussie. Price is now testing a key resistance zone that has previously capped upside attempts, making the coming sessions pivotal.
Bullish Scenario
Several sessions of strong bullish momentum have kept sterling supported. The pair is testing a crucial resistance zone at 1.9350–1.9400, which has rejected price before.
A confirmed break above could open the path towards the next resistance at 1.9520–1.9550.
Such a breakout would likely require fundamental support, such as further escalation in the Middle East or an even more hawkish BoE.
Bearish Scenario
Price could reject the resistance zone once again, reinforcing it as a key barrier.
A bearish RSI divergence on the 4H chart adds weight to this scenario, with price posting higher highs while the RSI prints lower highs—a sign of fading momentum.
The ascending trendline is now the nearest relevant support; a break below could expose the intermediate zone at 1.9080–1.9120, where price may pause and consolidate.
Should tensions ease or fresh UK political developments emerge, sterling could lose ground, breaking below this zone to test the next support at 1.8780–1.8820.
Ultimately, GBP/AUD’s next move will hinge on geopolitical and macroeconomic developments, alongside these key technical levels. Which of the two currencies will show greater strength in the sessions ahead?
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NEW YORK, July 10, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Hub Group Inc. (NASDAQ:HUBG) and certain of the Company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.
If you invested in Hub Group, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
Key Details of the HUBG ($HUBG) Class Action:
Lead Plaintiff Deadline: August 28, 2026Alleged Misconduct: Securities fraud relating to Hub Group’s financial results, revenue recognition, accounting of costs, internal controls, and prospects for/drivers of growthLargest Stock Drop: February 6, 2026 – 18% Stock DropCourt: U.S. District Court for the Northern District of IllinoisFiling Law Firm: Bleichmar Fonti & Auld (“BFA Law”)Action: Contact BFA Law to discuss your rights Investors have until August 28, 2026, to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Hub Group securities. The class action is pending in the U.S. District Court for the Northern District of Illinois. It is captioned Lawler v. Hub Group, Inc., No. 1:26-cv-07596.
Why is Hub Group Being Sued for Securities Fraud?
Hub Group is a transportation and logistics freight carrier that provides trucking and related services to operators across the supply chain. Hub Group services a customer base extending across various industries, including retail, consumer products, automotive, and durable goods, and reports to be one of the largest freight transportation providers in North America.
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements concerning the premature and incorrect revenue recognition of certain transactions, the understatement of purchased transportation costs and accounts payable, the effectiveness of internal controls, and the Hub Group’s drivers of financial results and growth.
Why did Hub Group’s Stock Drop?
On February 5, 2026, Hub Group announced that the Company’s financial statements for the first three quarters of 2025 should not be relied upon and would be restated due to “an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025.” Hub Group revealed that its reports for those quarters “were in each case materially misstated due to the aforementioned error and should no longer be relied upon” and that “the Company [wa]s also continuing to assess the effectiveness of its disclosure controls and procedures and internal control over financial reporting and appropriate remediation steps.” Hub Group also estimated that “[t]he total amount of the reduction to accounts payable and purchased transportation costs related to this issue that was recorded during these periods is $77 million.”
This news caused the price of Hub Group stock to decline roughly 18%, from $51.33 per share at close on February 5, 2026, to $41.96 per share at close on February 6, 2026.
On May 12, 2026, Hub Group announced that it had “identified certain transactions that were prematurely or incorrectly recognized or not adequately supported,” causing its 2023 and 2024 annual reports filed with the SEC to be “materially misstated,” such that they “should no longer be relied upon.” Hub Group did not quantify the expected misstatement, although it “expect[ed] to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for each of the years ended December 31, 2024 and 2023.”
This news caused the price of Hub Group stock to decline a further 13%, from $41.86 per share at close on May 11, 2026, to $36.62 per share at close on May 12, 2026.
Click here for more information: https://www.bfalaw.com/cases/hub-group-class-action-lawsuit.
What Can You Do?
If you invested in Hub Group, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
NEW YORK, July 10, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Insulet Corporation (NASDAQ:PODD) and certain of the Company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.
If you invested in Insulet, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/insulet-class-action-lawsuit.
Key Details of the Insulet ($PODD) Class Action:
Lead Plaintiff Deadline: August 31, 2026Alleged Misconduct: Securities fraud relating to the safety of Insulet’s Omnipod productsLargest Alleged Stock Drop: March 12, 2026 – 6.88% Stock DropCourt: U.S. District Court for the District of MassachusettsTake Action: Contact BFA Law to discuss your rights Insulet investors have until August 31, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Insulet securities. The class action is pending in the U.S. District Court for the District of Massachusetts. It is captioned Hu v. Insulet Corporation et al., No. 26-cv-13062.
Why is Insulet Being Sued for Securities Fraud?
Insulet is primarily engaged in the development, manufacture, and sale of insulin delivery systems for people with insulin-dependent diabetes through its Omnipod platform. The Omnipod platform includes: the Omnipod® 5 Automated Insulin Delivery System (“Omnipod 5”), the Omnipod DASH® Insulin Management System (“Omnipod DASH”), and the Omnipod Insulin Management System (“Omnipod Eros”).
Throughout the relevant period, Insulet misrepresented the safety of its Omnipod products as well as its ability to efficiently produce “medical grade quality at consumer electronic scale.” In reality, certain of Insulet’s products suffered from undisclosed manufacturing defects that put patient safety at risk.
Why did Insulet’s Stock Drop?
On March 12, 2026, Insulet disclosed that a manufacturing issue with its Omnipod® 5 Pods caused a “tear in the internal tubing that delivers insulin” resulting in insulin being released inside the Pod “instead of being fully infused into the body as intended.” Accordingly, Insulet “initiated a voluntary Medical Device Correction for specific lots of Omnipod® 5 Pods.”
This news caused the price of Insulet stock to drop $16.23 per share, or 6.88%, from a closing price of $236.07 per share on March 12, 2026, to $219.84 per share on March 13, 2026.
On May 26, 2026, Insulet announced another voluntary Medical Device Correction due to a manufacturing issue, this time to its Omnipod 5, Omnipod DASH, and Omnipod Eros systems. It again indicated that the manufacturing issue resulted in a tear in the tubing which “could result in insulin under-delivery.”
This news caused the price of Insulet stock to drop $7.79 per share, or 5.07%, from a closing price of $218.11 per share on May 26, 2026, to $146.01 per share on May 27, 2026.
Click here for more information: https://www.bfalaw.com/cases/insulet-class-action-lawsuit.
What Can You Do?
If you invested in Insulet, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
NEW YORK, July 10, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into The Ensign Group, Inc. (NASDAQ:ENSG) for potential securities fraud after significant stock drops.
If you invested in Ensign, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/ensign-class-action-lawsuit.
Key Details of the Ensign ($ENSG) Class Action Investigation:
Investigation Overview: Securities fraud relating to Ensign’s misrepresentations about care quality at the company’s nursing facilities, as well as Ensign’s growth, margins, and regulatory complianceStock Declines: June 8, 2026 – 8.2% Stock Drop; June 10, 2027 – 3% Stock DropAction: Contact BFA Law to discuss your rights
Why is Ensign Being Investigated for Securities Fraud?
Ensign is a healthcare services company that operates skilled nursing, senior living, and rehabilitative care facilities through a network of affiliated providers. Ensign relies heavily on Medicare and Medicaid reimbursements, making government funding and regulatory compliance central to Ensign’s business model.
BFA is investigating whether Ensign misled investors about the quality of care at its facilities, as well as Ensign’s growth, margins, and regulatory compliance.
Why did Ensign’s Stock Drop?
On June 8, 2026, Hunterbrook Capital published a research report titled “Ensign: The Nursing Home Empire Built on Fatal Neglect” based on a five month investigation that alleged “Ensign’s profits can be traced to providing less care than its patients need – and less care than it is meant to provide based on the tax dollars it receives from the government.” According to Hunterbrook, Ensign padded its profit margin by understaffing its facilities while routing Medicare and Medicaid payments to affiliate entities owned or controlled by Ensign.
This news caused the price of Ensign stock to decline $13.88 per share, or 8.2%, from a closing price of $170.30 per share on June 5, 2026, to $156.42 per share on June 8, 2026.
On June 11, 2026, Muddy Waters Research published a research report titled “Ensign: Deceiving the Government at Estimated ~20% of Facilities” which alleged that Ensign “rents” required nursing-home administrator licenses from off-site administrators that do not actually oversee its facilities to create the appearance of regulatory compliance. According to Muddy Waters, genuine regulatory compliance would significantly reduce Ensign’s profitability.
On this news, the price of Ensign stock declined $4.52 per share, or 3%, from a closing price of $151.65 per share on June 10, 2026, to $147.13 per share on June 11, 2026.
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BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
Uniswap (UNI) is up 3% at press time on Friday, extending a three-day streak of steady recovery above its 50-day Exponential Moving Average (EMA) around $3.08. Uniswap’s rising market share in stable-to-stable swap volume to 58% over the last 30 days reflects increased network demand. Rising retail demand, with a 5% jump in UNI futures Open Interest, suggests further upside.
Uniswap should clear overhead barriers, including the 200-day EMA barrier at $3.90 and a previous swing high near $4.17, for a sustained rally.
Rising stablecoin activity on Uniswap fuels retail demandUniswap announced in a social media post that it processed 58% of all stablecoin-to-stablecoin swap volume over the last 30 days. Typically, an increase in stablecoin activity on a Decentralized Exchange (DEX) like Uniswap translates into increased liquidity, enabling more efficient transfers. DeFiLlama data shows the 7-day DEX volume on Uniswap is roughly $8.73 billion on Friday, outpacing other DeFi protocols, including PancakeSwap and Pump.fun.
Protocols based on DEX volume. Source: DeFiLlamaOn the retail side, a positional buildup is seen in UNI futures as speculative demand rises. CoinGlass data shows the Open Interest (OI) is up 5% over the last 24 hours to $237.91 million, indicating a rise in the notional value of open contracts, while the funding rate of 0.0076% reflects a bullish bias in the positional buildup, with traders willing to buy long positions at a premium.
Uniswap derivatives data. Source: CoinGlassWill Uniswap price extend its gains toward the 200-day EMA?Uniswap hovers around $3.50 on Friday, maintaining a bullish near-term bias as price rises above the 50-day EMA at $3.08 and the 50% retracement of the $4.20 to $2.31 downswing at $3.10. From a technical perspective, Uniswap remains capped below the 200-day EMA at $3.90, which serves as immediate resistance, with the previous swing high at $4.20 as the next level of resistance.
Momentum on the daily chart suggests buyers remain in control. The Relative Strength Index (RSI) at 71 sits in overbought territory, while Moving Average Convergence Divergence (MACD) maintains an uptrend in the positive territory with its signal line. Together, the indicators suggest firm but stretched upside momentum.
UNI/USDT daily price chart.On the downside, the initial support zone is now seen at the 50% retracement and the 50-day EMA near $3.10, where a pullback could attract dip-buying interest.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
US crypto concept stocks rose in pre-market trading, with Circle surging nearly 8%.
According to market data from BIT (bit.com), U.S. crypto-related concept stocks advanced in pre-market trading. Circle jumped nearly 8% after the firm secured approval from the U.S. Office of the Comptroller of the Currency (OCC) to set up its national digital currency bank. Strategy rose nearly 5%, Coinbase gained over 4%, and Robinhood climbed more than 3%.
9 minutes ago
Ark Invest increased its Circle stock holdings by $13.7 million and trimmed its Robinhood positions.
Cathie Wood’s investment firm Ark Invest added to its holdings in Circle Internet Group on Thursday while offloading part of its Robinhood stake. Latest trading disclosures show Ark purchased a total of 217,896 Circle shares via its three ETFs—ARKK, ARKW, and ARKF—valued at roughly $13.7 million based on Thursday’s closing price of $63.01 per share. Separately, Ark sold 85,319 Robinhood shares worth $9.8 million.
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Metaplanet is exploring the introduction of Bitcoin-backed digital credit to Japan.
According to CoinDesk, Tokyo-listed firm Metaplanet is forming a joint research team with Japanese yen stablecoin issuer JPYC and regulated security token platform Progmat to explore Bitcoin-backed digital credit products. The initiative will tokenize BTC collateral for use in debt instruments that accrue interest daily and can be traded and settled 24/7. Siiibo Securities, which Metaplanet acquired this year and plans to rebrand as Metaplanet Securities, will also participate in the research, handling product design and sales. Currently, Metaplanet holds around 43,000 BTC, which it intends to use as credit enhancement, a store of value, and compliant collateral assets to address the high financing costs and cumbersome processes faced by medium-sized and growing Japanese enterprises in the traditional bond market.
9 minutes ago
AI writing startup Marker secures $13 million in seed funding.
London-based AI writing startup Marker, co-founded by a former DeepMind creative lead, has exited stealth mode and announced a $13 million seed funding round. The round was led by Index Ventures, with participation from Local Globe. Angel investors include Writely co-founder Steve Newman, Slack co-founder Cal Henderson, and Hugging Face’s Thomas Wolf.
9 minutes ago
Ledger: Tangem Hardware Wallets Have Laser Attack Vulnerability, No Fix Available for Devices Already Sold
Ledger researchers have discovered that a laser attack can reset the passcodes on all Tangem hardware wallet cards. The attack requires physical access to the device, roughly $250,000 worth of laboratory equipment, and existing cards already in circulation cannot be patched.
9 minutes ago
Bitget expands its pledge-to-borrow service to support 26 stock tokens as collateral.
According to an official announcement, Bitget’s staking and borrowing platform has added stock tokens (rTokens) as collateral assets. The first batch includes 26 popular U.S. stocks and ETF tokens, such as rNVDA, rAAPL, rGOOGL, and rQQQ, covering sectors including technology, semiconductors, and index funds. Users holding these stock tokens can now use them as collateral to borrow mainstream assets like USDT and USDC, unlocking capital liquidity without selling their positions. The web-based feature is already live, while the app version will launch next week. For specific collateral parameters and more details, please refer to Bitget’s official platform. It is noted that rTokens, identified by the format of the letter 'r' plus the stock ticker (e.g., rNVDA for Nvidia), are issued by Reality, Bitget’s licensed Real-World Asset (RWA) protocol. Via a partnership with regulated broker Alpaca, they directly connect to global liquidity pools including the Nasdaq and New York Stock Exchange. Their key features include: 1:1 reserve of underlying assets held by licensed custodians, stock dividends distributed on a 1:1 basis in token form, synchronized mapping of corporate actions (such as stock splits and consolidations), and eligibility as combined margin for unified accounts and U.S. dollar-denominated contracts, enabling users to flexibly manage their funds while holding global stock assets.
Five AI-Focused Funds Go Live on BNB ChainReserve Protocol has launched five tokenized AI equity funds on BNB Chain, using Ondo Finance Global Markets tokenized stocks as the underlying assets. The funds cover AI infrastructure, power, photonics, cloud compute, and robotics, targeting some of the most active corners of public equity markets right now.
The products are available for trading on PancakeSwap, giving eligible users onchain access to AI sector exposure without going through a traditional brokerage. Access is open across roughly 145 countries, though U.S. persons are excluded due to regulatory restrictions, consistent with how Ondo Global Markets operates across its entire platform.
Ondo Global Markets: The Infrastructure Behind the LaunchOndo Global Markets, which powers the underlying assets in these funds, became the first tokenized-stock platform to surpass $1 billion in total value locked, exceeding the combined TVL of competing platforms. Ondo Finance holds more than 70% market share among tokenized equity issuers, per RWA.xyz.
Ondo Global Markets gives non-U.S. investors onchain access to publicly traded U.S. stocks and ETFs, with instant settlement, transparent custody, and no intermediaries, traded through PancakeSwap, BNB Chain's leading decentralized exchange. BNB Chain joined Ondo Global Markets in October 2025.
The Reserve Protocol and Ondo Finance collaboration reflects a broader push to package tokenized equities into structured, theme-based products rather than single-asset offerings. By bundling AI-related stocks into discrete funds and routing them through PancakeSwap, the two protocols are making sector-level equity exposure composable within the BNB Chain DeFi ecosystem.
Sources:
The Defiant: Ondo Finance Adds 173 Tokenized Stocks and ETFs
Yahoo Finance: Ondo Global Markets Tops $1B TVL
Ondo Finance: Global Markets Live on BNB Chain
Vertex Pharmaceuticals (VRTX 0.45%) is a biotech company that has steadily delivered growth to investors, thanks to its dominance in cystic fibrosis (CF) treatment. The company's portfolio of CF drugs has transformed the lives of patients and helped Vertex's earnings soar well into the billions of dollars. This is likely to continue as Vertex's solid intellectual property extends its leadership through at least the late 2030s.
And in recent years, Vertex has made moves to make this story even brighter. This is by broadening its presence into other areas, with launches of a gene editing treatment for blood disorders and a pain management drug. The company has also used acquisitions to grow, and this brings me to the recent $10 billion move.
Vertex this week announced its acquisition of Crinetics Pharmaceuticals (CRNX +0.16%), a company that may add $5 billion in peak annual revenue to Vertex's top line. With this deal taking shape, is Vertex a buy? Let's find out.
Image source: Getty Images.
Vertex's CF leadership First, let's take a look at Vertex's portfolio and general situation prior to the Crinetics move. As mentioned, the biotech is the global CF leader, specializing in CFTR modulators. These therapies correct the malfunctioning protein that causes symptoms of the disease. Since genetic mutations result in different problems with the protein, one CFTR modulator may not work for every patient. But Vertex's top drugs, Alyftrek and Trikafta, cover a lot of territory: They have the potential to treat more than 90% of the CF population.
Meanwhile, the company continues to work on possible treatments, in partnership with Moderna, for patients who can't be treated by the company's CFTR modulators. And Vertex is also developing its next generation of CF therapies. Considering the company's expertise in this area and deep pipeline, there's reason to be optimistic about leadership lasting well into the future -- and fueling steady growth. And an advancing pipeline in serious rare diseases, as well as the more common area of pain, should further bolster growth over the long run.
This expansion into other treatment areas is already bearing fruit. Earlier this year, the biotech predicted that non-CF products would contribute at least $500 million to 2026 revenue. The company has established a long track record of growth, with revenue climbing more than 600% over the past decade to $12 billion in the latest full year. And profit has also advanced, reaching more than $3 billion.
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A recently approved drug Now, let's consider the Crinetics move. Vertex is buying the company, which offers it access to the recently approved Palsonify for acromegaly, a chronic disorder caused by the overproduction of growth hormone. About 20,000 Americans are living with this disorder today. Palsonify could stand out because it's the first daily, oral treatment -- a more convenient option than the current infusions. The companies say early uptake of the drug has been strong.
Along with a pipeline of candidates and research, the deal also gives Vertex phase 3 asset atumelnant for congenital adrenal hyperplasia (CAH). The disorder, impacting 17,000 people in the U.S., involves excess androgen production that results in a variety of serious symptoms. Atumelnant could reshape the treatment landscape for this disease and also holds potential to treat Cushing's syndrome.
Together, these treatments may bring in peak revenue of $5 billion, and Vertex says this would support its goal of producing sustained revenue growth in the double digits.
Vertex is paying $10 billion, or $85 per share, in an all-cash deal. This is two times the projected peak sales figure -- and this level of sales isn't necessarily guaranteed since atumelnant hasn't yet reached the regulatory approval stage. So, this isn't a dirt cheap price, and the intended goals aren't guaranteed. This means some risk is involved.
Still, it's a fair price considering the strength of the late-stage pipeline and a wise move for Vertex as Crinetics fits nicely into its portfolio. Crinetics' specialty in rare endocrine disorders resembles Vertex's focus on CF: Both companies prioritize serious diseases within a specialty area and with significant unmet need. And these diseases involve well-understood biology that may be targeted to transform their treatment. Vertex is also entering this story at the right time, shortly after the Palsonify launch, so that it may apply its commercialization expertise early on. And this adds an important new specialty area to the Vertex portfolio.
Though this deal may not generate enormous results overnight -- it's expected to be accretive to non-GAAP operating income in 2029 -- I think it's worth the wait. And that makes Vertex a fantastic biotech growth stock to buy and hold.
[url="]The Schall Law Firm[/url], a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Concentrix
A wave of payment-focused developments announced in June has significantly boosted Solana’s position in the digital finance ecosystem. According to Solana Payments data, Mastercard has launched seamless stablecoin settlement on the Solana network and brought Solana into its machine-centric Agent Pay initiative. These steps in payment infrastructure signal that the Solana network is gaining visibility not just in crypto transactions but also in everyday financial use cases.
Institutional payment adoption gains tractionIn South Korea, leading payment provider KG Inicis reached an agreement to explore stablecoin payments across its merchant network, which processes close to 25 trillion won per year. MoneyGram has also begun staking SOL to participate in network validation while expanding payment services to over 60 million customers worldwide. These moves underline the growing interest among major institutions in integrating Solana’s blockchain for real-world payment scenarios.
As Mastercard rolled out 24/7 stablecoin settlement on Solana, institutions like KG Inicis and MoneyGram have also begun evaluating the network for their payment services.
Digital bank Toss Bank has started pilot testing stablecoin transfers for its 15 million users. SoFiUSD grew its supply on Solana by $200 million within just five weeks. The Solana ecosystem continues to expand with new offerings like the Canadian dollar-backed CADC stablecoin and Open USD, which is supported by a consortium of major financial institutions.
The addition of subscription and allowance features to Solana means that recurring payments, payroll, and invoicing can now be executed directly on the blockchain, eliminating the need for third-party apps. The platform also highlights solutions such as international corporate banking, digital prepaid cards, and crypto-based lending products that use wallet behavior instead of traditional credit scores.
Network data points to rapid growthSince January 2025, the amount of stablecoins on the Solana network has surged by 154%, reaching $14.75 billion. Payment volume has jumped 87% compared to the same period last year. Card-based payment transactions alone have totaled $420 million. Solana’s share in the cryptocurrency payments sector climbed from 5.43% to an impressive 10.1%.
IndicatorDataStablecoin supply$14.75 billionIncrease since start of 2025154%Annual payment volume growth87%Card payment volume$420 millionMarket share5.43% → 10.1%According to Birdeye’s data from the first half of 2026, over half of Solana’s stablecoin total is made up of USDC, now spread across 7.54 million wallets. For seven consecutive weeks, Solana has ranked first among blockchains in USDC transfer volume. Birdeye is recognized as a leading crypto analysis platform for on-chain data and market tracking.
Mini glossary: Stablecoin settlement refers to the finalization of payments using digital assets that are typically pegged to fiat currencies like the dollar. USDC is a widely used, dollar-pegged stablecoin issued by Circle.
In the current week alone, the network processed 22.7 million transactions, equivalent to about one third of all USDC transaction volume. During the same period, payroll payments on Solana reached $1.6 billion, with peer-to-peer transfers among retail users totaling $803 million.
Key technical levels in focus for SOLAnalyst Celal Kucuker notes that SOL’s price continues to demonstrate resilience and retains its upward potential. He highlights the $77 level as a critical support zone, marking the intersection of previous price action and important Fibonacci retracement points.
Celal Kucuker assesses that if SOL breaks above the descending monthly trend established at the start of 2025, resistance areas at $145 and $188 may come into play.
Should SOL maintain its position above the downward trendline, the $145 and $188 levels are likely to emerge as the next resistance points. However, if the support is lost, the current bullish scenario may weaken, possibly delaying broader upward momentum in the market.
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.
Wells Fargo has adjusted its portfolio of crypto-related assets, according to its latest filing with the US Securities and Exchange Commission (SEC). The bank boosted its holdings in Strategy shares—a company known for holding large Bitcoin reserves—as well as in Ethereum and Solana-linked investment products. In contrast, Wells Fargo scaled back certain Bitcoin ETF positions, reflecting a more defensive approach amid increased geopolitical tension.
Shift in Strategy and Bitcoin ETF PortfolioThe filing shows that Wells Fargo increased its holdings in Strategy shares, led by Michael Saylor, by approximately 125% from the previous quarter to nearly 726,000 shares. This expansion cost about $41.5 million. Strategy, formerly known as MicroStrategy, is closely tied to Bitcoin price movements due to its massive Bitcoin reserves.
While growing its position in Strategy, Wells Fargo also restructured its portfolio of Bitcoin ETFs, taking a more cautious stance in several areas.
The bank reduced its investment in BlackRock’s iShares Bitcoin Trust by 75,102 shares, but simultaneously opened a new call option position on the product. The filing also reveals increased exposure to put options on IBIT, indicating a more conservative outlook. These changes come against the backdrop of rising tensions between the US and Iran, prompting a more risk-averse strategy.
Additionally, Wells Fargo trimmed its positions in the Invesco Galaxy Bitcoin ETF, ARK 21Shares Bitcoin ETF, and Fidelity Wise Origin Bitcoin Fund. However, the bank did not fully exit Bitcoin exposure; instead, it increased investments in Grayscale Bitcoin Mini Trust, Grayscale Bitcoin Trust, and Bitwise Bitcoin ETF. Notably, the Bitwise Bitcoin ETF position grew by 24% quarter-over-quarter.
Expansion in Ethereum and Solana InvestmentsWells Fargo expanded its exposure to Ethereum-linked products as well. The bank increased its stake in BlackRock’s iShares Ethereum Trust by nearly 65%. This position now stands at over 1.10 million shares, valued at approximately $17.56 million.
According to the filing, the bank also holds 257,157 Bitwise Ethereum ETF shares, 4,637 Grayscale Ethereum Staking ETF shares, and 623 VanEck Ethereum ETF shares. In a first, Wells Fargo took positions in Solana, buying 13,280 shares of Grayscale Solana Trust and 1,638 shares of Fidelity Solana Fund.
Glossary: Strategy, formerly known as MicroStrategy, is a US-based software company notable for holding a significant volume of Bitcoin on its balance sheet. An Ethereum staking ETF is a type of exchange-traded fund that aims to provide investors with returns tied not only to the price of Ethereum but also to validation income generated by staking.
Broader Moves in Crypto-Linked EquitiesBeyond exchange-traded products, Wells Fargo also broadened its portfolio in crypto-related equities. The bank dramatically increased its holding in Bitmine Immersion from 2,323 shares to 21,547 shares, an increase of about 828%, valued at approximately $426,000.
The filing indicates that Wells Fargo is building a diversified portfolio connected not only to Bitcoin, but also to Ethereum and Solana assets.
The disclosure also lists new treasury-related positions in American Bitcoin Corp. and Strive Asset Management. American Bitcoin Corp. has previously received backing from the Trump family. In addition, Wells Fargo increased its Robinhood stake by 65% to roughly 2.56 million shares and opened a new put option position valued at around $116,000 in Robinhood.
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.
Bitwise named the CLARITY Act as one of the key catalysts for crypto markets in the third quarter, saying its passage could likely mark the bottom of the current bear market.
The asset manager laid out four catalysts in its Q3 2026 report. It added that this quarter is make-or-break for the market structure bill.
Why the CLARITY Act Tops Bitwise’s Q3 ListThe CLARITY Act has been one of the most-watched bills for the crypto sector. However, it has faced key hurdles, with two issues now stalling its progress.
First, ethics provisions tied to the president’s family’s crypto interests have become a sticking point. Section 604, which shields non-custodial developers from money transmitter rules, has also drawn contested debate among lawmakers and law enforcement groups.
Prediction markets put the odds of the bill passing in 2026 near 40%. That figure has fallen sharply from 75% in mid-May.
Polymarket Odds For The CLARITY Act Passing in 2026. Source: PolymarketNonetheless, Bitwise remains cautiously optimistic about the bill’s chances. It said a successful vote would likely mark the bottom of this bear market. According to the firm, a failure would bring early volatility.
“If it passes, we believe it likely marks this bear market’s bottom. If it fails, expect volatility initially, then a clearing of uncertainty as the industry keeps building under a pro-crypto SEC and CFTC,” the statement read.
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The Other Q3 Crypto Market Catalysts on Bitwise’s RadarIn addition to the CLARITY Act, the asset manager outlined three more upcoming catalysts. Stablecoins sit second on the list. Regulators are due to finalize GENIUS Act rules this quarter, ahead of the law taking effect in January 2027.
Bitwise expects more large firms to announce stablecoin projects before go-live. It pointed to OpenUSD, backed by Stripe, BlackRock, Visa, Coinbase, and about 140 other firms.
“Stablecoin supply has held near $300 billion since last fall, a quiet show of resilience through crypto’s selloff. We see accelerating stablecoin growth as a catalyst for chains like Ethereum and Solana in Q3, as attention builds ahead of January’s effective date,” it added.
The firm also flagged the new Federal Reserve under Chair Kevin Warsh, whose approach remains largely unknown to markets. He has held rates steady so far. Bitwise expects a much clearer read on his Fed by the end of the quarter. The direction of rates is still hard to call. However, the firm noted that the Fed shapes sentiment across all risk assets, so any rate decision could move markets.
Finally, Bitwise highlighted a quiet re-rating in Decentralized Finance (DeFi). In the past month, Bitcoin (BTC) fell about 22%, yet the firm’s DeFi index dropped just 4%.
“DeFi usually swings much harder than Bitcoin, so holding up this well is unusual, and almost no one is talking about it. We think DeFi is quietly re-rating,” the report read. “We expect DeFi’s outperformance to keep playing out in Q3, the kind of shift the market tends to notice late.”
Bitwise’s outlook follows a punishing Q2, crypto’s third straight quarter of losses and its worst run since 2022. How the current quarter progresses will show whether that streak extends or breaks.
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Key Highlights The banking institution expanded its Strategy position by 125%, reaching approximately 726,000 shares with roughly $41.5 million in additional exposure BlackRock’s Bitcoin ETF saw a reduction of 75,102 shares, though the bank redistributed holdings across alternative Bitcoin investment vehicles Ethereum-based ETF positions grew by 65%, with BlackRock’s Ethereum ETF holdings exceeding 1.10 million shares Initial investments in Solana-focused funds appeared in the filing, alongside an 828% expansion in Bitmine positions Galaxy Digital holdings were slashed by 97%, while Coinbase positions decreased by 25% A comprehensive SEC filing from Wells Fargo reveals the financial institution’s extensive digital asset holdings, demonstrating significant portfolio adjustments across Bitcoin, Ethereum, and Solana investment products, along with cryptocurrency-focused equities.
The financial powerhouse, managing $2.5 trillion in assets, amplified its stake in Michael Saylor’s Strategy by 125%, elevating total ownership to nearly 726,000 shares. This strategic move represents approximately $41.5 million in additional exposure to the prominent Bitcoin treasury enterprise.
Strategic Bitcoin ETF Portfolio Reallocation Despite reducing its BlackRock Bitcoin ETF stake by 75,102 shares from the previous quarter, Wells Fargo maintained its overall commitment to Bitcoin investment products. The institution similarly decreased positions in Invesco Galaxy’s Bitcoin ETF, ARK 21Shares Bitcoin ETF, and Fidelity’s Bitcoin offering.
Conversely, the bank strengthened investments in Grayscale’s Bitcoin Mini Trust, Grayscale Bitcoin Trust, and Bitwise’s Bitcoin ETF. The Bitwise allocation specifically increased by 24% on a quarterly basis.
Additionally, Wells Fargo initiated a fresh call option position in BlackRock’s Bitcoin ETF while simultaneously expanding put exposure—strategic decisions made during heightened market volatility linked to geopolitical tensions involving the United States and Iran.
Growing Commitment to Ethereum and Initial Solana Entry The bank’s Ethereum ETF strategy demonstrated notably different momentum. Wells Fargo increased its BlackRock Ethereum ETF allocation by approximately 65%, elevating total holdings beyond 1.10 million shares valued at roughly $17.56 million.
Supplementary Ethereum positions include 257,157 shares in Bitwise’s Ethereum ETF, 4,637 shares in Grayscale’s Ethereum Staking ETF, and 623 shares in VanEck’s Ethereum product.
Notably, the disclosure documents the bank’s inaugural positions in Solana investment vehicles. Wells Fargo acquired 13,280 shares of Grayscale’s Solana Trust alongside 1,638 shares of Fidelity’s Solana Fund.
Regarding cryptocurrency-related equities, Bitmine Immersion holdings surged dramatically from 2,323 to 21,547 shares—an extraordinary 828% increase—boosting Ethereum treasury exposure to approximately $426,000.
The institution also established new positions in American Bitcoin Corp, the Trump family-affiliated Bitcoin treasury enterprise, and Strive Asset Management’s treasury investment vehicle.
Wells Fargo enhanced its Robinhood position by 65%, reaching approximately 2.56 million shares. Concurrently, the bank initiated put option positions in Robinhood valued at nearly $116,000.
However, certain cryptocurrency stocks experienced significant reductions. Wells Fargo decreased its Galaxy Digital ownership by approximately 97% and trimmed its Coinbase stake by roughly 25%, according to regulatory disclosures.
The comprehensive filing illustrates a major financial institution actively reconfiguring its cryptocurrency market presence, prioritizing treasury-focused companies and diversified ETF instruments while strategically reducing exposure to specific individual equities.
Key Takeaways Fear and uncertainty surrounding Solana hit 2026 peaks while trading volumes plunged to yearly lows A critical resistance barrier exists between $79 and $85 where approximately 105 million SOL tokens were previously traded Successfully breaching $85 could trigger a rally toward $100, followed by $127; failure may result in a decline to $53 or beyond Network fundamentals remained robust in Q2 despite bearish price action and market sentiment Crypto analyst Michaël van de Poppe emphasizes that maintaining the $73-$76 zone is essential for any upward movement past $100 Solana currently confronts unprecedented levels of market anxiety and skepticism for 2026. Simultaneously, trading activity has plummeted to its weakest point this year, data from Santiment reveals.
Solana (SOL) Price Market participants have adopted a wait-and-see approach. Disappointment has set in after SOL underperformed relative to expectations, despite heightened interest in tokenized equities and real-world asset initiatives built on its blockchain.
Santiment observed that the convergence of pessimistic sentiment with diminished trading volumes can occasionally weaken selling pressure. This environment may allow institutional buyers to accumulate positions with minimal resistance.
✍️ TL;DR: Solana FUD hits highest point of 2026, generally a bullish sign
📊 Metrics Used: Trading Volume, Negative Sentiment
🔗 Link to chart: https://t.co/3d3XHYAsY3
😬 Solana is getting hit with a rough sentiment combo: trading volume has fallen to its lowest level of 2026,… pic.twitter.com/e020pDoOJ9
— Santiment Intelligence (@SantimentData) July 9, 2026
Crypto strategist Michaël van de Poppe shared his perspective on X, stating that maintaining support within the $73-$76 corridor and establishing a bounce from that level would signal market readiness for a breakout above $100. He cautioned that losing this critical zone could trigger widespread declines.
Things start to become interesting here for $SOL.
If it is able to hold between $ 73- $ 76 and bounce back upwards, it is a strong signal that the markets are ready to run to higher than $100.
If that doesn't happen, boy, we'll be seeing new lows across the board. pic.twitter.com/XRz4iMfxY6
— Michaël van de Poppe (@CryptoMichNL) July 8, 2026
Massive Supply Cluster Creates Overhead Resistance Market analyst Ali Charts identified approximately 105 million SOL tokens that previously traded hands within the $79-$85 price band. This concentration represents significant overhead resistance, as holders approaching their entry prices may be inclined to liquidate positions.
SOLANA: BIG SUPPLY WALL
Solana is currently attempting to reclaim a resistance zone between $79 and $85.
According to URPD data, roughly 105 million SOL were transacted within this range, establishing a dense supply cluster.
Reclaiming this zone as support clears the overhead… https://t.co/CZXB9kPtOz pic.twitter.com/jiZI3GJ8z4
— Ali Charts (@alicharts) July 8, 2026
Should buying pressure drive SOL beyond $85 while establishing that threshold as new support, subsequent price objectives would be $100 followed by $127. Conversely, rejection at this resistance could precipitate a retreat toward $53, with additional support zones located between $45 and $36.
Analyst Astekz similarly identified $45.60 and $36.64 as critical downside objectives should SOL fail to maintain its current trading range.
Robust On-Chain Metrics Contrast Bearish Price Action Contrary to the pessimistic market sentiment, Solana’s Q2 blockchain metrics painted an encouraging picture. The network handled approximately 100 million transactions daily. Average daily active addresses reached 1.93 million, while decentralized exchange volumes averaged $2.09 billion per day.
Decentralized applications operating on Solana produced $262 million in quarterly revenue. This achievement marked the ninth consecutive quarter where Solana led all blockchains in Web3 application revenue, capturing 41% of the total market share.
Real-world assets deployed on the platform expanded from $2 billion in March to surpass $3.48 billion by July. Stablecoin transaction volume climbed to $1.79 trillion in June, representing a 63% increase from the previous month.
Pump.fun contributed $91.43 million in revenue throughout Q2. The first week of July witnessed a historic milestone with over one billion non-vote transactions recorded on the network.
SOL remains trapped between compelling blockchain fundamentals and hesitant trader positioning, with the $79-$85 supply concentration serving as the decisive battleground.
Yassine Bounou, the Moroccan goalkeeper better known as Bono, just did something no keeper has managed since FIFA started tracking the stat in 1966. He saved four penalties in a single World Cup tournament. And because this is 2026, the internet responded the only way it knows how: by launching a memecoin.
A Solana-based token trading under the ticker $Bono appeared on decentralized exchanges almost immediately after Bounou’s record-setting performance, with no official connection to the player, his club Sevilla FC, or any of his sponsors. Welcome to the intersection of world-class goalkeeping and degenerate crypto speculation.
The saves that broke the record Bounou’s most dramatic stop came on July 9, 2026, during the quarter-final against France. The man standing over the ball was Kylian Mbappe, arguably the most dangerous penalty taker on the planet. Bounou dove the right way and kept it out.
That save pushed his career World Cup penalty record to a staggering seven saves from nine attempts, with only two goals conceded. In English: he stops nearly 78% of the penalties he faces in World Cup play, a rate that would make most keepers weep into their gloves.
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The 2026 tournament wasn’t Bounou’s first rodeo. He built his reputation during Morocco’s surprise run at the 2022 World Cup in Qatar, where the Atlas Lions reached the semi-finals and Bounou became the first Moroccan goalkeeper to save a penalty outside of a shootout in World Cup history.
From penalty box to memecoin casino The token trades on Solana-based decentralized exchanges, which means low transaction fees and near-instant settlement. There are no official endorsements from Bounou, his management, or any football organization. The token exists purely because the internet decided it should.
The lack of any official backing is the biggest red flag. Memecoins without real utility or institutional support are essentially pure speculation, and the decentralized exchange environment where $Bono trades offers none of the consumer protections found on regulated platforms. Price swings of 50% or more in a single day are not unusual in this corner of the market.
NFTs enter the pitch The memecoin isn’t the only blockchain-adjacent development tied to Bounou’s World Cup heroics. Panini America, the trading card company that has been a fixture in sports collectibles for decades, released blockchain-based Prizm NFT trading cards featuring the goalkeeper as part of its 2026 World Cup collection.
Unlike the $Bono memecoin, Panini’s NFTs carry the weight of an established brand with licensing agreements across major sports leagues.
What investors should actually watch The $Bono memecoin and Panini NFTs represent two very different risk profiles for anyone looking to put money where Bounou’s gloves are.
The memecoin is a pure momentum trade. It has no fundamentals, no revenue model, and no connection to Bounou himself. Its value is entirely a function of attention and sentiment.
The Panini NFTs sit in a different category entirely. They’re backed by a recognized brand, tied to officially licensed content, and part of a collectibles ecosystem that has decades of history in physical form. Bounou saving penalties is legitimately historic. A Solana token named after his nickname is legitimately a gamble. Knowing the difference between the two is the whole game.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Kylian Mbappe scored his eighth goal of the 2026 World Cup, assisted on the second, and somehow managed to miss a penalty, all in the same match. France beat Morocco 2-0 in the quarterfinals on July 9 at Gillette Stadium in Foxborough, Massachusetts. And while the footballing world was processing another masterclass from the French captain, crypto traders were doing what they do best: gambling on it.
Solana-based meme tokens loosely tied to Mbappe saw sharp spikes in trading volume during and after the match. None of these tokens are authorized or endorsed by the player.
What happened on the pitch Mbappe missed a penalty in the first half, a rare stumble from a player who has otherwise been surgically precise in front of goal this tournament.
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He made up for it in the 60th minute, finding the back of the net to break the deadlock. That goal, his eighth of the tournament, puts him alongside Lionel Messi at the top of the Golden Boot race.
Six minutes later, Ousmane Dembele doubled the lead. After the match, Dembele credited Mbappe’s instructions before the goal as the key to unlocking Morocco’s defense. Mbappe drew defenders toward him, creating the space Dembele needed to finish.
Morocco, who made a historic run to the semifinals in the 2022 World Cup in Qatar, couldn’t replicate that magic. France will now face either Spain or Belgium in the semifinal round.
The crypto sideshow Solana-based tokens, many of them bearing Mbappe’s name or likeness without any official connection, experienced noticeable trading volume surges that correlated directly with goal announcements and match results. We saw similar dynamics during the 2022 World Cup, when fan tokens and speculative assets moved in tandem with match outcomes. But the 2026 version is faster, more fragmented, and almost entirely concentrated on Solana’s low-fee infrastructure.
Investors were not thrilled during similar cycles in previous tournaments when tokens pumped 300% and then cratered within the same day.
Major football leagues and player associations have experimented with official fan tokens through platforms like Socios. But those products have struggled with utility and sustained engagement. The unauthorized meme coins, ironically, sometimes generate more trading volume than their official counterparts, precisely because they’re unregulated and can move faster.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Robinhood just went from selling crypto to building the infrastructure it runs on. The company launched Robinhood Chain’s public mainnet on July 1, and within a week, projects started migrating away from Solana to join it.
What Robinhood actually built Robinhood Chain is a permissionless Ethereum Layer 2 built on Arbitrum’s infrastructure. The chain is designed specifically for on-chain financial services and tokenized real-world assets. Block times clock in at 100ms, and the platform already supports tokens representing shares of major companies including NVIDIA, Google, and Apple.
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Early partners include Uniswap, the largest decentralized exchange by volume, and Pleiades.
Solana’s problem just got more concrete World.xyz, a decentralized prediction market, initially launched on Solana. Then, on July 8, it packed up and moved to Robinhood Chain. The entire lifecycle from Solana debut to migration took roughly one week.
World.xyz cited lower fees and access to Robinhood’s massive retail user base as key motivations.
To be fair, Robinhood hasn’t abandoned Solana entirely. The company has supported SOL with listings and staking options since as early as 2022, and it continues to offer Solana-based services.
Wall Street noticed Robinhood’s stock surged over 8% following the mainnet launch announcement. The stock jump reflects broader market enthusiasm for DeFi innovation and stock tokenization. Robinhood Chain sits at the intersection of both, and Robinhood, as an already-regulated broker-dealer, potentially solves both regulatory clarity and distribution simultaneously.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Crypto market traders are bracing for Bitcoin, Ethereum (ETH), XRP, and Solana (SOL) options expiry today. Traders anticipate short-term volatility in the broader crypto market ahead of next week’s US CPI and PPI inflation data releases. Seasonality, cooling jobless claims, and US-Iran technical talks have sparked a recovery in crypto prices.
Bitcoin, ETH, XRP, and SOL jumped amid a fall in oil prices, US Treasury yields, and the US dollar index. Crypto market sets eyes on max pain amid potential recovery further.
Crypto Market Braces for $1.5 Billion Bitcoin Options Expiry According to Deribit data, more than 23K BTC options with a notional value of almost $1.5 billion expire on July 10, with a put-call ratio of 1. In the last 24 hours, call volume remains higher than put volume with a put-call ratio of 0.75, indicating a neutral stance among traders.
Moreover, max pain price is at $62,000, lower than the current Bitcoin price of $64,100. This shows a high odds of a pullback, but implied volatility and 25-delta skew signaled traders expect crypto market to remain flat.
Options traders are selling out-of-the-money calls, which indicates that institutions generally agree the market lacks upward momentum. This could keep Bitcoin price below $65K resistance level.
Bitcoin Options Open Interest. Source: Deribit Ethereum Options with $250 Million in Notional Value to Expire Over 140K ETH options with a notional value of $248 million are set to expire. The put-call ratio is 1.27. However, call volume has exceeded put volumes over the last 24 hours, with a bullish put-call ratio of 0.81.
Also, the max pain point is at $1,700, below the current market price. Notably, the call bets are higher at the strike price, indicating lower chances of massive selling pressure. Traders expect ETH price to move towards $1,800 after this week’s options expiry.
Ethereum Options Open Interest. Source: Deribit Ethereum price jumped almost 2% over the past 24 hours amid hopes of US-Iran talks to continue and broader crypto market recovery. The 24-hour low and high are $1,730 and $1,786, respectively. However, trading volume has dropped by 13%.
XRP and Solana (SOL) Max Pain Price XRP options of notional value $2.47 million to expire, with a put-call ratio of 0.76. The max pain price is at $1.06, indicating the key level to watch as the crypto asset shows higher volatility amid whale moves.
XRP price climbed 1.50% to $1.11, rising above the max pain price despite massive net outflows of $7.29 million from Bitwise XRP ETF. It saw a massive drop in trading volume over the past 24 hours.
XRP Max Pain Price. Source: Deribit Meanwhile, $17 million in Solana options will expire today, with a put-call ratio of 0.40. The max pain price is $75, lower than the current market price. However, traders eye upside momentum towards $80 strike price.
Crypto market traders await US CPI inflation data for cues before making further trades. Core inflation is projected to come in at 0.3% against 0.2% US CPI inflation print last month, keeping Core CPI YoY stable at 2.9%.
Cleveland Fed data showed the annual CPI inflation rate cooled from 4.2% in May to 3.9% in June. However, Goldman Sachs claims the combined effects of AI-induced increases in memory, software, and electricity prices are boosting inflation in the US.
AI Driven Memory Chips Costs Boosts Inflation. Source: Goldman Sachs Aside from adjusting their options positions, many macro-focused traders are actively placing wagers on the best crypto prediction markets to speculate directly on whether the core CPI will meet expectations.
Solana is struggling to hold its ground at key support levels on both the weekly and daily charts, with the overall market focusing on the $78 mark as a decisive short-term pivot. If this crucial support is maintained, the price could attempt a recovery toward $98, according to recent market analyses. However, failure to preserve this level may weaken the outlook and shift attention to lower ranges.
Broader targets in the weekly outlookExamining the weekly chart, Solana is once again testing a fundamental horizontal support zone, under continued pressure from a descending trendline originating from previous highs. This area has proven itself as a fiercely defended region by buyers throughout the wider market correction. Successfully maintaining support here could reinforce the case for a sustained recovery over longer timeframes.
Analyst Celal Kucuker highlights that Solana currently showcases one of the strongest defenses in the market. He suggests that as long as the current structure endures, there is potential for Solana to reach a new all-time high by the end of the year.
Celal Kucuker believes that Solana’s present structure continues to leave room for upward movement, and that holding the strong support keeps the possibility of new highs on the table.
On the weekly chart, the first significant upward resistance is around $188.25. Surpassing this level would signal renewed buyer strength. In the broader outlook, a long-term target of approximately $417.40 is identified, echoing Kucuker’s projection of reaching $400 within six to nine months.
Nonetheless, this optimistic scenario depends on a clear breakout above resistance. Should Solana fail to defend its current support and remain below the descending trendline, bullish expectations could be dampened.
$78 to $98 range in focus for the short termOn the daily chart, Solana is retesting the lower edge of its trading range, an area previously serving as dependable support. The $78 level now stands as the central defense zone for buyers, determining the immediate short-term structure.
Trader Daan Crypto Trades emphasizes that bulls must protect the lower limit of this zone. A strong rebound from here would indicate active buyers and the preservation of Solana’s current price range.
Daan Crypto Trades underscores that holding the $78 region is crucial for short-term prospects, and sustained support at this level could see Solana move back toward $98.
TimeframeCritical supportUpside targetRisk levelDaily$78$98$67WeeklyCurrent horizontal support zone$188.25 and $417.40Sustained move below trendlineShould Solana rebound from these levels, the initial short-term target stands at $98, a major resistance zone that previously capped upward moves. However, a daily close below $78 could weaken the bullish scenario and bring the lower support area near $67 into focus.
The market’s main signal right now is whether Solana can sustain the $78 support. If this level holds, targets of $98 and—over longer horizons—even $188 or $417 may come back into play for Solana.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
NEW YORK, July 10, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Peabody Energy Corporation (NYSE:BTU) and certain of the Company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.
If you invested in Peabody, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/peabody-class-action-lawsuit.
Key Details of the Peabody ($BTU) Class Action:
Lead Plaintiff Deadline: August 24, 2026Alleged Misconduct: Securities fraud relating to Peabody’s statements about the coal production at Centurion, its flagship premium hard coking coal mine.Largest Alleged Stock Drop: March 30, 2026 – 9.7% stock dropCourt: U.S. District Court for the Eastern District of MissouriAction: Contact BFA Law to discuss your rights Investors have until August 24, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Peabody common stock. The class action is pending in the U.S. District Court for the Eastern District of Missouri. It is captioned McGeachy v. Peabody, et al., No. 26-cv-01020.
Why is Peabody Being Sued for Securities Fraud?
Peabody is a producer of metallurgic and thermal coal that owns interests in 16 active coal mining operations in the United States and Australia.
According to the complaint, during the relevant period, Peabody announced it would be increasing production from its flagship premium hard coking coal mine, Centurion due to an acceleration of longwall operations. Peabody stated that shipments of Centurion’s premium hard coking coal would expand sevenfold in 2026 to 3.5 million tons and even more beyond that time. On February 5, 2026, Peabody indicated that the team was “putting the finishing touches on the Centurion mine in advance of starting longwall mining, well ahead of its original schedule.”
As alleged, in truth, the Centurion mine was facing significant commissioning challenges resulting in increased costs and volume decreases in its production.
Why did Peabody’s Stock Drop?
On March 30, 2026, Peabody announced lower sales volume from the Centurion mine due to a delivery of only 250,000 tons in the first quarter. Peabody attributed the low volume to “greater than anticipated mine commissioning challenges.”
This news caused the price of Peabody common stock to drop $3.82 per share, or 9.7%, from $39.50 per share on March 27, 2026, to $35.68 per share on March 30, 2026.
Then, on May 5, 2026, Peabody announced additional delays to the commissioning of the Centurion mine as well as increased costs and lower volume. Peabody stated it only expected to sell about 300,000 tons in the second quarter and reduced its full year sales outlook for Centurion from 3.5 million tons to 2.5 million tons.
This news caused the price of Peabody common stock to drop $1.52 per share, or 5.7%, from $26.52 per share on May 4, 2026, to $25.00 per share on May 5, 2025.
Click here for more information: https://www.bfalaw.com/cases/peabody-class-action-lawsuit.
What Can You Do?
If you invested in Peabody, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
OCBC strategists Christopher Wong and Sim Moh Siong highlight that Gold has rebounded as Oil prices eased, reducing inflation and Fed tightening concerns, while a softer US Dollar also supported the move. However, ETF holdings remain lower month-to-date, suggesting the recovery is more relief-driven than a decisive return of investor demand. Near term, Gold could trade with a better tone if Oil and yields stay contained.
Relief-driven recovery in Gold"Gold. Tentative stabilisation on oil relief. Gold rebounded as oil prices eased from their recent spike, taking some pressure off inflation expectations, yields and Fed tightening concerns. A softer USD also helped the recovery, after the recent selloff across the precious metals complex."
"But ETF flows have yet to confirm a broader investor rebuild. Bloomberg data show total known gold ETF holdings remain lower month-to-date, even though holdings have stabilised slightly in recent days. This suggests the move is still mainly about relief from oil and yield pressures, rather than a decisive return of investor demand."
"That said, the structural support remains intact. Central banks continue to add to gold reserves, with Poland standing out as a notable buyer this year. Governor Glapinski said that Poland has bought 82t of gold this year and now holds 632.4t."
"The target is to accumulate 700t of gold. Near term, gold can trade with a better tone if oil stays contained and yields remain capped, but stronger follow-through likely requires softer US data or a further easing in Fed tightening concerns. Gold last seen at 4125 levels."
"Mild bullish momentum on daily chart intact while RSI rose. Risks skewed to the upside for now. Resistance at 4140 (21 DMA), 4200 levels. Support at 4021 (week’s low), 3943 (year’s low)."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Copia Power develops, owns and operates integrated large-scale energy and digital infrastructure campuses across the U.S. Copia works alongside utilities to help unlock new power capacity, accelerate infrastructure development, and support sustainable long-term grid reliability and ratepayer affordability Highly thematic investment supporting the build-out of U.S. AI infrastructure, where access to scalable, reliable power has become an increasingly critical enabler of continued data center development EQT will partner with Copia Power's management team to scale the platform, accelerate priority development projects, and expand its integrated campus model across the U.S. , /PRNewswire/ -- EQT is pleased to announce that EQT Infrastructure VII ("EQT") has agreed to acquire Copia Power ("Copia" or the "Company") from global investment firm Carlyle (NASDAQ: CG).
Copia develops integrated energy campuses that bring generation, high-voltage transmission, and data center load together at the same interconnection position, providing a differentiated approach that enables AI infrastructure growth on an accelerated timeline. Today, the Company has over 2.6 GW of energy generation and storage assets in operation or under construction and is actively developing over 9 GW of grid-connected data centers supported by Copia's portfolio of gigawatt-scale energy campuses, comprising more than 25 GW of solar and storage and 7 GW of natural gas generation assets.
The transaction aligns with EQT's focus on investing behind the infrastructure underpinning global demand for artificial intelligence and supporting energy security. The rapid adoption of AI is driving a new era of infrastructure investment, with global demand for compute capacity accelerating at an unprecedented pace. Data center and energy investment is expected to reach into the trillions of dollars over the coming years, and energy has become the primary bottleneck to data center growth. As a result, digital and energy infrastructure must increasingly scale together. Copia's integrated model addresses that constraint, giving utilities a single route to add generation and load on an accelerated timeline, and providing hyperscalers and other customers a path to firm, grid-connected power in markets where interconnection queues have become a key hurdle, while supporting ratepayer affordability through the promotion of bring-your-own generation models.
The acquisition of Copia further expands EQT's growing portfolio of AI infrastructure investments in the U.S., which spans data centers, energy, and fiber connectivity through companies including EdgeConneX, Zayo, Cypress Creek Energy, and Scale. EQT is actively encouraging collaboration across this portfolio — connecting power generation, digital infrastructure, and connectivity capabilities to deliver integrated solutions for hyperscalers and utilities. Copia's integrated campus model is a natural complement to these capabilities, and EQT sees meaningful opportunity for Copia to contribute to these collaborations as demand for AI infrastructure accelerates. EQT will support Copia's management team in scaling the platform, advancing priority development projects, and expanding its integrated campuses strategy throughout the U.S.
Ray Henger, CEO of Copia Power, said: "We are excited to partner with EQT as we enter Copia's next phase of growth. Since our founding, we have focused on solving one of the most important challenges facing the U.S. power market: bringing generation, transmission and large-scale load together in a way that accelerates delivery for customers and utilities. EQT's deep infrastructure experience and long-term perspective bring the ideal partner as we continue to scale our platform and develop the energy infrastructure needed to support AI and electrification."
Alex Darden, Partner and Head of EQT Infrastructure Americas, said: "The rapid adoption of AI is transforming infrastructure demand, making energy an increasingly critical enabler of digital infrastructure. Copia has built a differentiated platform at the intersection of these two themes, and we believe it is exceptionally well positioned for long-term growth. We look forward to partnering with the management team to accelerate development, scale the platform, and help build the infrastructure that will support the next generation of AI."
The transaction is subject to customary conditions and approvals. It is expected to close by the end of 2026.
EQT Infrastructure VII is currently expected to be activated and begin charging management fees around year-end 2026. Upon activation, and with the acquisition of Copia Power, EQT Infrastructure VII is expected to be 0-5 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on target fund size and subject to customary regulatory approvals. EQT Infrastructure VI is currently 75-80 percent invested and continues to be in its commitment period, management fees will, following activation of EQT Infrastructure VII, be based on net invested capital.
The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of EQT Infrastructure VII will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.
Contact
EQT Press Office, [email protected]
This information was brought to you by Cision http://news.cision.com
3 Stocks With Monopoly Power—and Minimal CompetitionCopart NASDAQ: CPRT Executive Chairman and incoming Chief Executive Officer Jay Adair told investors the company is preparing to accelerate growth initiatives as he returns to the CEO role, emphasizing that the leadership change is not temporary and that the salvage vehicle auction company remains focused on long-term expansion.
Speaking on a conference call held between earnings releases, which Adair said was the first such call in Copart’s more than three decades as a public company, he said his return was decided jointly with outgoing CEO Jeff, whom he described as a “dear friend.”
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3 Oversold Stocks Flashing Bullish Reversal Signals“My intent is to lead the company for the next 10+ years,” Adair said. “This is not an interim arrangement.”
Adair, who said he joined Copart 37 years ago in 1989, used the call to outline the company’s history in online auctions and international expansion, as well as its current priorities. He said Copart’s strategy rests on three growth pillars: international insurance expansion, domestic whole-car expansion and technology services for customers.
Copart Points to Three Growth Pillars These 2 Auto Stocks Are Profiting as Used Cars and Parts ThriveAdair said Copart is “going to focus and double down” on initiatives tied to its three core growth areas. He said the company plans to speed up some of those efforts, which will require building a “more robust team,” including promotions and outside hiring.
When asked how long it would take to reinvigorate the growth engine, Adair said the timeline would be measured in quarters rather than years.
He also said mergers and acquisitions will be part of the strategy across all three pillars, alongside internal investment. Asked about build versus buy, Adair said, “We’re going to do both.”
Adair said Copart would remain disciplined in M&A and focus on opportunities within its industry. “We’re not going to go out and buy something that has nothing to do with our industry,” he said. He added that the company could take on debt for the right deal, despite its historically conservative balance sheet approach.
International Expansion Expected to Accelerate Adair said Copart plans to “fire” its international growth engine “back up again,” after previously slowing expansion while working through different operating models, including in Germany. He said the company is now profitable in Germany and understands how to grow in that market.
Copart reported that international unit volumes grew 5.9% and international revenue grew 14.1% year over year in the third quarter of fiscal 2026, with contributions from both insurance and non-insurance channels, according to Adair.
He said the company’s buyer network spans more than 160 countries and remains a key driver of auction returns. Adair highlighted international buyers, crossover buyers and finance buyers as critical contributors to U.S. insurance average selling prices, which he said reached an all-time high in the most recent quarter and rose approximately 4.1% year over year.
Management Sees Insurance Pressures as Cyclical Adair addressed what he described as cyclical headwinds in the U.S. insurance market, saying the company is seeing the impact of an “unprecedented dislocation” across the industry. He said inflation from 2022 to 2024 pushed carrier combined ratios out of balance, leading to rate increases and prompting some consumers to reduce coverage through higher deductibles or liability-only policies.
However, Adair said he believes those pressures are beginning to soften and that insurers are becoming more aggressive again. “We believe the consumer retrenchment is cyclical, not structural,” he said.
Adair also reiterated that total loss frequency reached approximately 23.6% in the most recent period, up nearly five percentage points over the past four years. He said higher repair costs and strong auction returns make total loss decisions more attractive to carriers. He noted that total loss frequency was about 8% when he began at Copart.
Balance Sheet and Capital Allocation Adair said Copart had nearly $4.2 billion in cash as of the third quarter of fiscal 2026, after deploying $1.6 billion into share repurchases. He said the company has “no debt on the balance sheet to speak of” and has the liquidity to evaluate strategic options.
Asked about recent land purchases, Adair said Copart has built an “amazing network” of locations and acreage. He said land buying and development, which he described as roughly half a billion dollars a year over the last decade, is “definitely going to slow down,” though some development and add-ons remain.
AI, Whole Cars and Purple Wave Adair said artificial intelligence is becoming a near-term focus, saying Copart thinks about AI “in quarters, not years.” He said the company has a head of AI and has guided employees on preferred tools. He described efficiencies as the obvious use case and said strategic applications are also being evaluated, though he declined to provide details.
On domestic whole-car growth, Adair said the business has historically been a growth engine and that he wants to see it “increase dramatically.” He said Copart is considering restructuring and other strategic moves, with a goal for the business to look “very different” in three to four quarters.
Chief Financial Officer Leah Stearns also addressed Purple Wave, saying its expansion strategy is focused primarily on building out a territory sales force to serve enterprise accounts. She said Purple Wave is domestically focused and is expanding from its Central Time Zone base toward coastal markets, initially targeting areas with the highest gross merchandise potential, with that roadmap expected to continue through 2027.
Adair closed the call by saying Copart remains customer-focused and will continue to emphasize auction liquidity. He said he expects to provide more detail when the company reports its quarter and fiscal year results in the coming months.
About Copart NASDAQ: CPRTCopart NASDAQ: CPRT is a global provider of online vehicle auction and remarketing services, focused primarily on the sale of salvage and clean-title vehicles. The company operates a technology-driven auction platform that connects sellers — including insurance companies, vehicle finance firms, rental car companies, dealerships and fleet owners — with a broad buyer base consisting of vehicle dismantlers, recyclers, rebuilders and retail buyers. Copart's business model centers on efficient vehicle disposition using digital bidding and logistics services to maximize recovery value for its clients.
Core services include hosting live and timed online auctions, vehicle listing and inspection support, title processing, and transportation and storage solutions.
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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Investors looking for a cheap stock with significant upside potential may want to consider Ally Financial (ALLY +1.42%). Ally is one of just a few dozen stocks in the Berkshire Hathaway portfolio, added several years ago by former CEO Warren Buffett. That says a lot right there.
Ally is also one of the first fully online banks, with its origins as General Motors' auto financing arm. While it is a full-service online bank, it is one of the largest auto loan lenders, and that segment of its business is the largest.
The stock has sputtered this year -- it's down 2.7% year to date and up about 9% over the past year. But it has a solid track record, averaging about 10.7% returns over the past 10 years.
But there are some strong reasons why Ally stock should be headed higher over the next year or so.
Image source: Getty Images.
Ally is seeing solid margin improvement Ally launched its "Focused. Forward" strategic plan in 2025, and the results of this effort to reduce complexity, refocus on core strengths, and enhance expense and capital discipline have started to pay off.
In the first quarter, Ally increased net financing revenue by 8% to $1.6 bilion and lowered noninterest expenses by 24%. That resulted in net income of $291 million, or $0.93 per share, up from a net loss of $253 million in Q1 of 2025.
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Further, its net interest margin (NIM) rose 17 basis points year over year to 3.5%. And management expects that to widen over the rest of the fiscal year. In its first-quarter guidance, Ally targeted a NIM of 3.6% to 3.7%, which would mark significant year-over-year growth from Q1.
This is due to several factors, including expense reduction and anticipated revenue gains. Ally had a record 4.4 million auto loan applications in Q1 and was selective, with originations of $11.5 billion, up 13% year over year. This resulted in improved credit quality, as net charge-off rates dropped year over year in Q1, and management expects them to move lower at the midpoint in 2026.
An underlying tailwind for Ally has been a boost in the average loan yield to 9.27%, up from 9.11% in the same quarter a year ago. Auto loan originations generated a robust 9.6% yield.
Looking forward, Ally should benefit from $18 billion in CDs maturing in 2026, management said on the Q1 earnings call. Those CDs carry a weighted average yield of close to 4%. So with deposit rates lower, Ally should be able to replace those higher-yield CDs with new, lower-rate funding.
In addition to this momentum, Ally stock is currently dirt cheap, trading at just 11 times earnings and 8 times forward earnings. That clearly makes it a good buy right now.
Opendoor Technologies (OPEN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Shiba Inu has recorded an unusual on-chain anomaly after its daily transaction count plunged by 95% within 24 hours.
According to data from CryptoQuant, Shiba Inu’s daily transaction count soared to 78,558 on July 6—its highest level since October—before tumbling to 3,922 the following day. At press time, the metric had recovered slightly to 4,184 transactions. Even so, it remains 94.67% below the July 6 peak.
Despite the sharp fluctuation in network activity, SHIB’s price remained relatively stable throughout the period, indicating that the surge had little or no direct impact on the broader market.
Shiba Inu Transaction Count Potential Reason Behind Sudden Surge Initially, the spike resembled the type of large-scale wallet reorganization that cryptocurrency exchanges occasionally perform when transferring funds to cold storage.
However, data from the blockchain analytics platform Arkham showed no notable exchange inflows or outflows during the period. This effectively ruled out exchange wallet management as the source of the unusual activity.
Since Arkham tracks total transfer volumes, any major exchange movements would have appeared on its liquidity charts. Instead, exchange-related activity remained largely unchanged.
The lack of price volatility, coupled with the abrupt 95% drop in transactions, suggests the spike resulted from automated, non-market activity rather than retail trading.
As a result, analysts believe the anomaly was likely caused by either a large SHIB holder redistributing tokens across private wallets or developers conducting automated tests involving smart contracts or blockchain infrastructure.
A Similar Trend? The unusual transaction activity comes as Shiba Inu’s on-chain address count continues to expand.
Notably, Shiba Inu has added more than 1,700 addresses since the beginning of July, pushing the total above 1.6 million. At press time, SHIB’s address count stood at 1,675,798 (1.67 million).
Recently, WoofSwap, a Shibarium-based decentralized exchange (DEX), disclosed that it was responsible for much of the recent address growth. The DEX used a smart contract to generate multiple wallet addresses and transferred 1 SHIB to each in an effort to increase the number of on-chain holders.
The disclosure quickly sparked controversy within the Shiba Inu community, with some supporters accusing WoofSwap of artificially inflating holder statistics as a marketing strategy for its token.
In response to the criticism, WoofSwap said it would discontinue the practice and explore alternative marketing initiatives that provide greater value to the SHIB ecosystem.
At press time, Shiba Inu traded at $0.00000429, up 1.54% over the past 24 hours. Meanwhile, its daily trading volume declined 8.46% to $67.61 million, reflecting relatively muted trading activity despite the recent on-chain anomaly.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Shiba Inu is one of those altcoins that annoy as much as they intrigue. Far, very far from the dreamed and once proclaimed dollar, the token oscillates without a compass. The burns follow one another, but the falls remain more violent than the flaps of a butterfly’s wings. At one time, these massive destructions served as spectacular springboards. Yet, the operational magic seems to have lost its allure.
In brief Shiba Inu burned 110 million tokens on July 8, its biggest burn in six months. SHIB’s price nevertheless dropped 5% during the day and 9% over the month. Total supply remains colossal with 585 trillion SHIB in circulation, rendering burns insignificant. Memecoins’ market share collapsed, falling from 10% to 3.7% in two years. 110 million SHIB go up in smoke, but the price keeps tumbling On July 8, 2026, the Shiba Inu community carried out its biggest burn in six months. More than 110 million SHIB were sent to dead wallets, permanently removed from circulation.
A wallet linked to Robinhood led the way by burning 109 million tokens in a single transaction. Smaller wallets completed the rest of the operation.
This massive destruction should have, in theory, supported the price. Yet, SHIB dropped 5% during the day and 9% over the month. The token now moves in a narrow range, unable to break its immobility.
Weekly burns rose to 152 million, a 55.77% increase. This surge in activity nonetheless did not convince the most seasoned traders.
Meanwhile, whales dumped more than 1,000 billion SHIB on exchanges, nullifying any positive effect of the burns.
585 trillion tokens : the ocean that burns can’t dry up Since its launch, the Shiba Inu community has burned over 410 trillion tokens. Yet, there are still 585.6 trillion SHIB in circulation. Even by maintaining the record pace of July 8 for an entire year, only a tiny fraction of this colossal mass could be reduced.
In May 2021, Vitalik Buterin, Ethereum co-founder, received half of the total SHIB supply as an unsolicited gift. He burned 410.24 trillion tokens, amounting to 6.7 billion dollars at the time. This single event still represents almost all SHIB ever destroyed.
Recent community burns are therefore just a drop in the ocean. Trader James Wynn has even called SHIB “dead.” Whales continue to offload their positions, a sign that confidence is eroding.
The real problem is not on the supply side, but on the demand side. And demand is evaporating from the memecoin sector.
Memecoin freefall hits Shiba Inu head-on In the fourth quarter of 2024, memecoins represented more than 10% of the total altcoin market capitalization. Today, this share has fallen to 3.7%. Dogecoin has experienced heavy retail selling, while memecoin dominance reached its lowest level in two years.
Capital is fleeing the sector, and burns are not enough to reverse this heavy trend. Memecoin bullish cycles have always been fueled by renewed retail interest, not supply mechanisms. Traders therefore do not reward deflationary tokens in the absence of real demand.
Analysts believe that the adoption of Shibarium, Shiba Inu’s layer 2 blockchain, will have more impact on price than any burn. The real battle is happening elsewhere, on utility and adoption. As long as interest in memecoins does not return, burns will only have a marginal impact on prices.
Key figures to remember: Record burn on July 8: 110 million SHIB; Total circulating supply: 585.6 trillion SHIB; Historic Vitalik burn: 410.24 trillion SHIB; SHIB price at time of writing: 0.00000427 dollar. No matter the challenges faced, Shiba Inu did not fail to shine at the end of June. The historic milestone of 1.6 million holders was reached. Proof that the community endures despite market tremors.
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Mikaia A.
La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Shiba Inu is showing early bullish divergence signals as its price challenges a descending trendline, sparking optimism over a rebound.
Shiba Inu (SHIB) is beginning to attract attention as two early signs show a bullish development could be on the horizon. Chart data shows a bullish divergence on multiple momentum indicators, as SHIB is attempting to break above a descending trendline on the daily timeframe.
SHIB Momentum Indicators Show Improving Strength Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are displaying bullish divergence, indicating momentum has improved. Shiba Inu continues to make lower lows, yet these indicators are making higher lows, a conflicting trend that suggests underlying strength.
This divergence became very noticeable last month. After an early dip to $0.00000430 on June 6, the RSI also dropped to 20. After a brief recovery, SHIB formed a low, dropping to $0.00000405 on June 26. However, the RSI didn’t make a new low but hit a higher low of 21.44.
At the same time, the MACD line trended upwards in a higher low pattern, aligning with the RSI. Its trend histogram also moved from red bars to green bars, printing longer bars last seen in March.
Shiba Inu RSI and MACD Bullish Divergence Notably, analysts often view this divergence as an early sign that selling pressure is fading. It usually precedes a strong market reversal to higher prices.
Shiba Inu Nears Descending Trendline Breakout Meanwhile, SHIB is also pressing against a descending resistance line, making this a critical area to watch. The token has remained below this trendline since its high of $0.00000670 in May, with subsequent upside attempts capped near the line.
Today’s nearly 2% rise to $0.00000437 places SHIB on the cusp of a breakout. Should the current momentum persist, Shiba Inu could finally break above this multi-month resistance.
Interestingly, a successful breakout, followed by a close above the trendline, would strengthen the bullish case and confirm that buyers are beginning to regain control.
The target for this breakout is a potential 28% rally to the June high of $0.00000558. Further upside could take SHIB to the May high of $0.00000670, a 53% increase from the current market price.
Shiba Inu Accumulation Adds Momentum Further bolstering the breakout optimism is the ongoing Shiba Inu accumulation trend. The CryptoQuant exchange netflow shows a negative figure of 131.88 billion SHIB in the past 24 hours, suggesting strong buying activity.
Shiba Inu Trending Metrics/CryptoQuant The total exchange netflows calculate the difference between inflows into and outflows out of exchanges. A negative figure shows more withdrawals than deposits. This means that users shifted Shiba Inu massively out of trading platforms into self-custody wallets, highlighting accumulation.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
WD-40 stock jumped 15% ahead of the open Friday after its earnings highlighted the old-fashioned value in having a good product and knowing how to sell it
Shawn Quill z KPMG hovořil na Bloombergu o současném mistrovství ve fotbale, na které „americký soccer čekal“. Mohamed El-Erian si myslí, že americká centrální banka letos se sazbami nepohne ani nahoru, ani dolů. A bude podle něj probíhat lehčí forma globalizace. Goldman Sachs poukazuje na vztah mezi zisky v polovodičích, výdaji a volným tokem hotovosti u hyperscalerů. A Tim Urbanowicz z Goldman Sachs se domnívá, že akcie malých firem budou svou dosavadní dynamiku do konce roku postupně ztrácet.
Zisky v polovodičích a výdaje u hyperscalerů
Goldman Sachs v následujícím grafu porovnává vývoj zisků výrobců polovodičů s meziroční změnou volného toku hotovosti hyperscalerů. Tedy toho, co jim z provozního toku hotovosti zůstane po investicích. V roce 2024 se obě křivky začaly znatelně oddělovat. Zatímco volný tok hotovosti hyperscalerů prudce ztrácí na tempu růstu kvůli rostoucím investicím, zisky v polovodičích si i díky těmto investicím udržují vysoká tempa růstu:
Zdroj: X
Na tohle americký „soccer“ čekal
Shawn Quill z KPMG hovořil na Bloombergu o tom, že návštěvnost současného mistrovství světa ve fotbale výrazně převyšuje návštěvnost mistrovství předchozího. Od toho se pak odvíjí to, jaké tržby v řadě oblastí událost generuje. Expert místo výrazu fotbal důsledně používal jeho americkou verzi soccer, který se podle něj v USA nyní stává předmětem zájmu běžných lidí. Poslední zápas Američanů sledoval podobný počet lidí jako finále NBA. Přestávky na hydrataci pak komentoval s tím, že někdy je teploty během zápasu skutečně vyžadují, ale „pro sponzory není na škodu, pokud existuje další přestávka.“
Profesionální fotbal v USA podle Quilla „na tento moment čekal, nyní z něj těží.“ Budují se stadiony speciálně určené pro tento sport, existuje přitom i určitý „Messi efekt“, který lidi k fotbalu přitahuje. „Myslím, že už brzy to v USA nebude jen pátý sport,“ dodal expert. Ziskovost domácí ligy se přitom bude samozřejmě odvíjet od zájmu společnosti, souvisejících televizních práv a dalších příjmů. Quill hovořil i o tom, že sport představuje investiční příležitosti, ty jsou ale poměrně vzácné kvůli tomu, že neexistuje mnoho investovatelných aktiv. Za zajímavé považuje to, že o tuto oblast jeví znatelný zájem private equity společnosti. A velká část potenciálních investic není v USA, ale jinde, včetně Evropy.
Euronews pak přináší v souvislosti s probíhajícím mistrovstvím informaci, že Evropský parlament hodlá požadovat vyšetření kauzy s červenou kartou pro amerického hráče Folarina Baloguna. Konkrétně by měla být vyšetřena role šéfa organizace FIFA Infantino poté, co americký prezident Trump hovořil o tom, že mu ohledně této karty volal. FIFA pak její platnost odvolala a hráč mohl nastoupit do zápasu s Belgií. Podle Trumpa tím eliminovala „velkou nespravedlnost“. Infantino zdůrazňuje nezávislost disciplinární komise FIFA, ale Evropský parlament hovoří o „bezprecedentnosti a neospravedlnitelnosti“ tohoto kroku.
Momentum na malých firmách bude slábnout
Tim Urbanowicz z Goldman Sachs se domnívá, že akcie malých firem, které doposud získávaly před velkými společnostmi znatelný náskok, už budou tuto dynamiku do konce roku postupně ztrácet. Hlavním tahounem uvedeného dění přitom byly podle experta vysoké investiční výdaje hyperscalerů, tento faktor ale bude postupně slábnout, a bude se tudíž méně projevovat na výsledcích a akciích menších společností. Na to, aby tento segment trhu zase znatelně ožil, „musí přijít cyklický příběh a příběh týkající se sazeb.“
Klíčový je pro akcie malých firem zejména vývoj ekonomického cyklu, což je podle experta faktor, který bude nyní působit pozitivně. Významnou roli ale hrají i zmíněné sazby. U nich se domnívá, že trhy dělají chybu, když nyní reflektují jejich zvyšování. „Nemyslím si, že k tomu dojde, jsou tu slabší data z trhu práce, poněkud polevuje tlak z Íránu a Fed klade důraz na inflaci,“ řekl Urbanowicz. Podle něj se tak bude názor na další vývoj sazeb obracet a s tím bude opět růst zájem o akcie menších společností. A nejen o ně – podle experta bude tento obrat podporovat i širší rally na akciovém trhu.
Fed se sazbami nepohne, končí zneužívaná globalizace
Mohamed El-Erian si myslí, že americká centrální banka letos se sazbami nepohne ani nahoru, ani dolů. Ekonom přitom očekává, že inflace v USA nyní kulminuje a již brzy by měla začít klesat. Zůstanou ale inflační tlaky ze strany umělé inteligence, respektive ty vyvolané vysokými investicemi do této technologie. Fed by ale podle ekonoma neměl celkově na přechodné faktory reagovat, což se nyní týká zejména vlivu cen ropy a cel.
K tomu ekonom dodal, že za Jay Powella centrální banka učinila několik chyb a její nový předseda Kevin Warsh by měl napravit fungování této instituce tak, aby k něčemu podobnému už nedocházelo. El-Erian již dříve kritizoval centrální banku za to, co je podle něj přílišný důraz na aktuální data přicházející z ekonomiky. Podle experta by Fed měl mnohem více spoléhat na svůj výhled a předpovědi. Proč by ale Fed neměl kvůli očekávanému poklesu inflačních tlaků sazby snižovat? Na to je podle ekonoma ještě příliš brzy, je lepší počkat. Nižší sazby také nevyžaduje ekonomika, která si vede dobře.
El-Erian si tedy myslí, že v americké centrální bance budou probíhat reformy, jedna z nich se týká odklonu od tzv. forward guidance. Tedy snahy dopředu indikovat postup a reakce Fedu. K tomu ekonom dodal, že snaha o reformy je „nakažlivá“, což je znát například na tom, že nyní se od forward guidance chce odvrátit i ECB. Mezi trhy a Fedem se přitom „vytvořila vzájemná závislost“, která podle experta není přínosná a bylo by vhodné, aby ji Fed narušil. Trhy ale mohou být na nějaký čas volatilnější právě kvůli tomu, že Fed nebude pokračovat ve forward guidance.
Ekonom zmínil i to, že v politice nastal odklon od čistě ekonomického uvažování a podle něj může být do určité míry přínosné, pokud se nebude vše točit jen kolem volných trhů. Za příklad uvedl globalizaci, která šla v duchu svobodných trhů, ale přinesla mimo jiné i významné, ačkoliv ne vždy vítané redistribuční efekty. Podobné tomu bylo s přijetím Číny do systému mezinárodního obchodu, které sebou mělo nést z hlediska Číny i plnění určitých závazků, k němuž ne vždy došlo. „Využila globalizaci, ale nedostála své zodpovědnosti.“ El-Erian si tak myslí, že nastává přechod k „lehčí globalizaci“. Ta bude stále probíhat, ale bude více pod kontrolou, „aby nedocházelo k jejímu zneužívání.“
SummaryCentury Communities remains a buy at deep value, supported by a strong balance sheet and despite sector-wide secular headwinds.CCS faces margin and demand headwinds, with gross margins at historic lows and Q1 deliveries down 12% year-over-year.Despite revenue and delivery declines, CCS maintains robust capital management via buybacks and a 2% dividend, with debt-to-capital stable at 32.2%.Valuation is compelling: CCS trades at a rock-bottom 0.73 P/B, offering 33% upside to historical cycle highs if market conditions normalize. PixelVista/E+ via Getty Images
When I upgraded Century Communities Inc. (CCS) to a buy last October, I made a bullish case from valuation, buybacks, and positive seasonal dynamics. While I looked forward to a price breakout to establish follow-through momentum, I also
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CCS over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
ApeCoin [APE] finally broke out of an extended period of tight consolidation, trading between $0.13 and $0.14.
At press time, APE traded at $0.168 after rising by 15% on the daily charts. Over the same period, the memecoin’s trading volume surged 218%, indicating strong market participation.
What’s driving ApeCoin APE buyers increased capital deployment and defended the higher price levels. Thus, the memecoin rebounded, driven by strong market demand.
For starters, on the spot side, the memecoin recorded 27.3 million in Buy Volume over the past 24 hours. At the same time, the memecoin’s Sell Volume declined to 25 million.
Source: Coinalyze As a result, the market Buy-Sell Delta skyrocketed to 2.3 million, a significant surge from -234k before the market pump. Such a jump in market delta signaled that buyers had retaken the market and displaced sellers.
On the derivatives side, speculative traders also returned to the market. In doing so, they pushed the memecoin’s Open Interest (OI) to climb 40% to $38 million.
At the same time, the Derivatives Volume climbed by 236% to $144.7 million. Rising OI and volume together suggested that traders aggressively opened new positions, either longs or shorts.
Source: Coinglass Historically, strong demand across both the spot and derivatives markets has preceded stronger upward price movement. Thus, if sustained, it could clear a path for continued gains.
Can the upside momentum hold? In the short term, APE has shown relative strength, with bulls retaking the market. In doing so, the memecoin’s Stochastic Momentum Index (SMI) formed a bullish crossover and rose to 54 as of writing.
The SMI’s upward trajectory validated the trend’s strength, confirming traders are in total control of the market. At this level, the indicator indicates that if demand holds, APE could make further gains.
Source: TradingView If the current trend continues, APE could target a breakout above the $0.18 resistance in the short to medium term.
Impact of ApeCoin’s Q3 accelerator Beyond market performance, ApeCoin seeks to expand its reach with the upcoming accelerator launch in Q3. The accelerator, led by ApeCo, is designed to incubate Web3, metaverse, and gaming projects, with the goal of expanding market reach and driving broader adoption.
This could be a major boost for APE, since the token’s utility will require APE for project submissions and investments. Thus, once launched, the initiative will greatly expand APE usage, which will, in turn, translate into price action.
Therefore, for Q3, the accelerator could boost ApeCoin’s market direction and help the memecoin reclaim $0.25, with $0.3 as the most bullish case.
Final Summary Apecoin broke out of a tight range, surging 15% to a monthly high of $0.168 before retracing at press time. APE rebounded, driven by recovered demand across the spot and derivatives market
Jason Kidd is the chief operating officer at Chipotle. Chipotle Chipotle chief operating officer Jason Kidd visits roughly a dozen Chipotle stores every week — and said he's always on the hunt for talent.
At the end of each day, Kidd told Business Insider he sits down for a roughly 90-minute dinner with three or four members of the regional team in the market he's visiting.
He said these meals help strengthen day-to-day operations and offer him a chance to get to know employees. It also gives him an opportunity to scan for internal promotions.
"We're constantly identifying internal talent during these visits, seeing how people show up and see how they react," said Kidd. Last year, Chipotle promoted 23,000 workers.
As of March of this year, the restaurant chain had over 4,100 locations globally and employed over 135,000 people. All of the company's regional vice president promotions last year were internal, Kidd said. The company plans to open up to 370 new restaurants this year.
Those dinners provide a chance to "get to know people in a different way," said Kidd, who joined Chipotle last year, after serving as COO at Taco Bell.
Specifically, the dinners are a chance to learn more about employees — what they want to do and whether they're interested in advancing their careers. When he's considering someone for a promotion, he said he's looking for four key qualities.
The first is people who take care of one another and work well in groups.
"At the end of the day, we run a people business," Kidd said. "So you need to make sure you take care of your people."
As workers climb the leadership ladder, Kidd said, collaboration becomes increasingly important, along with building both personal and professional connections.
The second quality he looks for is people who "own the outcome."
When he asks them how things are going, they take responsibility — whether the news is good or bad — and give him an honest assessment.
"They know how to deliver results," Kidd said, adding that "if somebody can own the outcome of what they're doing, they're likely going to be a good leader."
The third trait is the ability to anticipate problems instead of simply reacting to them.
"We don't need firefighters; we need people who could be ahead of the issues and anticipate what's going on," he said.
The fourth quality is strong problem-solving skills. In the restaurant business, plenty can go wrong. Kidd said he's looking for leaders who don't just flag issues — anyone can identify a problem — but also come up with solutions.
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MUFG’s Derek Halpenny highlights that European Central Bank (ECB) minutes added little new information but confirmed openness to another rate hike, consistent with MUFG’s call for a 25bp move in September. Despite the Euro being July’s weakest G10 currency, a turning 2-year yield spread and potential US yield declines could support renewed EUR/USD upside in coming weeks.
ECB stance and yields guide Euro outlook"The ECB will be certainly less concerned over longer-term inflation expectations becoming un-anchored with the 5y5y inflation swap rate having declined since the initial ceasefire was agreed."
"If crude oil and/or natural gas prices were to rebound sharply then risks will rise of course but at this point longer-term inflation expectations remain well anchored."
"In that context we see continued risks of the ECB acting again consistent with our current forecast of another 25bp hike in September."
"The euro is currently the worst performing G10 currency in July but the 2-year yield spread has started to turn in favour of some moderate EUR/USD recovery."
"We continue to see risks of US yields turning lower that should reinforce renewed upward momentum for EUR/USD."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $59.47 per troy ounce, down 0.86% from the $59.98 it cost on Thursday.
Silver prices have decreased by 16.34% since the beginning of the year.
The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 68.90 on Friday, up from 68.75 on Thursday.
Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
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Ledger: Tangem Hardware Wallets Have Laser Attack Vulnerability, No Fix Available for Devices Already Sold
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The US Dollar (USD) holds losses below 161.75 against the Japanese Yen (JPY) on Friday following a 100-pip reversal earlier on the day. Japanese Finance Minister Satsuki Katayama announced a plan to boost pension funds’ investment in domestic assets, which sent the Yen surging across the board during the Asian trading session.
Katayama said on Friday that the government wants the giant Japanese pension funds, which manage more than USD 1.8 trillion in assets, to redirect their investment into the domestic market. The market has seen this plan as more effective than interventions to support the Yen, and the immediate reaction was a strong JPY recovery.
The US Dollar, on the other hand, remains moderately soft, amid rumours that Qatar and Pakistan are working to bring US and Iran back to the negotiating table. Beyond that, the release of the minutes of June’s Federal Reserve (Fed) meeting, released on Wednesday, showed a split committee on interest rates, which cast doubt over the timing of the next hike, and added pressure on the USD.
Technical Analysis: Dollar bears are gaining momentum
USD/JPY trades at 161.70, with bulls capped below a previous support area at 161.75 so far. The loss of momentum is evident following Friday's reversal, with the four-hour Relative Strength Index (14) slipping toward the low-40s and the Moving Average Convergence Divergence (MACD) turning slightly negative.
Downside attempts, so far, have been contained near 161.30, which keeps the key 160.50 support area (July 2 low) out of sight for now. On the topside, bulls would need to breach the mentioned resistance area around 161.75 and Thursday's lows at 162.30 to look at the 40-year high, at 162.84, again.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Canadian Dollar.
USDEURGBPJPYCADAUDNZDCHFUSD-0.02%-0.03%-0.47%-0.00%-0.02%-0.18%-0.07%EUR0.02%-0.01%-0.46%0.02%-0.02%-0.17%-0.05%GBP0.03%0.01%-0.46%0.03%-0.01%-0.16%-0.05%JPY0.47%0.46%0.46%0.48%0.46%0.27%0.39%CAD0.00%-0.02%-0.03%-0.48%-0.03%-0.19%-0.08%AUD0.02%0.02%0.01%-0.46%0.03%-0.16%-0.07%NZD0.18%0.17%0.16%-0.27%0.19%0.16%0.10%CHF0.07%0.05%0.05%-0.39%0.08%0.07%-0.10% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
Here are three stocks with buy rank and strong value characteristics for investors to consider today, July 10:
Nexa Resources S.A. (NEXA - Free Report) : This zinc mining company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing by 34% over the last 60 days.
Nexa Resources has a price-to-earnings ratio (P/E) of 4.61 compared with 22.80 for the S&P. The company possesses a Value Scoreof A.
Cimpress plc (CMPR - Free Report) : This printing products company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing by 5.3% over the last 60 days.
Cimpress has a price-to-earnings ratio (P/E) of 21.70 compared with 27.39 for the S&P. The company possesses a Value Score of A.
Hudson Pacific Properties, Inc. (HPP - Free Report) : This real estate investment trust carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 4% over the last 60 days.
Hudson Pacific Properties has a price-to-earnings ratio (P/E) of 14.55 compared with 22.80 for the S&P. The company possesses a Value Score of A.
See the full list of top ranked stocks here.
Learn more about the Value score and how it is calculated here.
