Tento týden nabídne řadu makroekonomických událostí. Trh bude bedlivě čekat na první zápis ze zasedání FOMC pod vedením Kevina Warshe. Zápis ze zasedání bude také uveřejněn Evropskou centrální bankou, která na posledním zasedání zvýšila úrokové sazby o 25 bazických bodů. Pozornost trhu se bude v Evropě ubírat také k inflaci v Německu, kde se očekává 2,3% meziroční růst spotřebitelských cen. V ČR dnes byly zveřejněny předběžné hodnoty inflace, ve čtvrtek budou reportována konečná čísla indexu CPI.
Úterý Ve Spojených státech bude v odpoledních hodinách zveřejněna obchodní bilance za květen. Agentura Bloomberg predikuje prohloubení deficitu na 77 mld. USD, a to vzhledem k tomu, že export USA napříč většinou produktových kategorií poklesl, přičemž import statků plošně vzrostl. Trh v průměru očekává deficit na úrovni 78,4 mld. USD.
Obchodní bilance v USA - úterý Region Datum Makroekonomický ukazatel Sledované období Odhad* Předchozí US 7. 7. Obchodní bilance květen -$78,4 mld. -$55,9 mld. Středa Ve středu bude zveřejněn zápis z posledního zasedání FOMC, které proběhlo ve dnech 16. a 17. června, a to poprvé pod vedením nového předsedy Fedu Kevina Warshe. Podle Bloombergu by zápis měl ukázat silnější podporu pro zvyšování úrokových sazeb. Vzhledem k tomu, že Warsh indikoval změnu způsobu komunikace Fedu, očekává se výrazné zkrácení oficiálního zápisu.
Čtvrtek Ve čtvrtek odpoledne bude tradičně zveřejněn počet nových a pokračujících žádostí o podporu v nezaměstnanosti. Trh v průměru neočekává výrazné změny oproti předchozímu týdnu. Analytici z Bloombergu dodávají, že restrukturalizace pracovních míst z důvodu AI je nejvíce znatelná v technologickém sektoru, nicméně její dopady se prozatím nepřelily do širšího trhu práce v USA.
Nové a průběžné žádosti o podporu v nezaměstnanosti v USA - čtvrtek Makroekonomický ukazatel Sledované období Odhad* Předchozí Nové žádosti o podporu v nezaměstnanosti 4. července 218 tis. 215 tis. Pokračující žádosti o podporu v nezaměstnanosti 27. června 1815 tis. 1814 tis. V průběhu čtvrtka budou zveřejněny také prodeje existujících domů za červen. Očekává se, že prodeje by měly pokračovat v růstu, i když pomalejším tempem než v průběhu května. Podle Bloombergu, růst počtu rozjednaných prodejů od začátku roku 2026 indikuje další oživení trhu s již postavenými nemovitostmi.
Prodeje existujících domů v USA - čtvrtek Region Datum Makroekonomický ukazatel Sledované období Odhad* Předchozí US 9. 7. Prodeje existujících domů červen 4,20 mil. 4,17 mil. US 9. 7. Prodeje existujících domů (m-m) červen 1,0 %. 3,2 % Z evropských makroekonomických událostí bude ve čtvrtek zveřejněn zápis ze zasedání ECB z 10. a 11. června, kdy Rada guvernérů přistoupila ke zvýšení úrokových sazeb o 25 bazických bodů.
V České republice a Německu budou zveřejněny konečné hodnoty inflace za červen. V Německu se index CPI projektuje na úrovni 2,3 %. V meziměsíčním srovnání se očekává pokles spotřebitelských cen o 0,3 %.
Inflace v České republice a Německu Region Datum Makroekonomický ukazatel Sledované období Odhad* Předchozí GE 10. 7. CPI (m-m) červen - konečný -0,3 % -0,3 % GE 10. 7. CPI (y-y) červen - konečný 2,3 % 2,3 % GE 10. 7. CPI - harmonizováno dle EU (m-m) červen - konečný -0,2 % -0,2 % GE 10. 7. CPI - harmonizováno dle EU (y-y) červen - konečný 2,4 % 2,4 % CZ 10. 7. CPI (m-m) červen - konečný -- -0,3 % CZ 10. 7. CPI (y-y) červen - konečný -- 1,5 % *Odhady analytiků se v průběhu týdne mohou měnit.
Crinetics and Vertex have entered into a definitive agreement under which Vertex will acquire Crinetics for $85 per share in cash, representing a total equity value of approximately $10 billion.
Crinetics Pharmaceuticals shares jumped 99.1% to $83.67 in pre-market trading.
Here are some other stocks moving in pre-market trading.
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Talen Energy offers sharper forward growth and a more attractive valuation for aggressive investors, despite higher concentration risk versus Vistra. Vistra is larger, more diversified, and more profitable, with major catalysts from Meta, Helix, and a robust buyback program, making it the safer AI power trade. TLN's near-term catalysts include the Cornerstone acquisition, Amazon-linked demand, and significant free cash flow per share ramp through 2028.
A securities fraud class action lawsuit has been filed on behalf of Peabody investors after its stock plummeted over 9% because Peabody allegedly misled investors regarding the coal production at Centurion, its flagship premium hard coking coal mine.
, /PRNewswire/ -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Peabody Energy Corporation (NYSE:BTU) and certain of the Company's senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.
If you invested in Peabody, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/peabody-class-action-lawsuit.
Key Details of the Peabody ($BTU) Class Action:
Lead Plaintiff Deadline: August 24, 2026 Alleged 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 drop Court: U.S. District Court for the Eastern District of Missouri Action: 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.
Submit your information by visiting:
https://www.bfalaw.com/cases/peabody-class-action-lawsuit
Why Bleichmar Fonti & Auld LLP?
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.
SummaryCredo Technology edges out Marvell Technology as the superior network connectivity play, driven by robust AEC-led growth and a data center focus.Credo boasts stronger revenue growth, higher margins, superior efficiency, and more favorable credit metrics, benefiting from a lack of large acquisitions.Marvell maintains greater product and end-market diversification, a larger market share, and competitive advantages in ASICs and PCIe/CXL retimers. Sundry Photography/iStock Editorial via Getty Images
By Khaveen Jey, CFA, FMVA, Portfolio Manager @ Khaveen Investments & Nicholas Tan, Investment Research Analyst @ Khaveen Investments
We compare Marvell Technology, Inc. (MRVL) and Credo Technology Group Holding Ltd (CRDO) to determine which is the
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Khaveen Investments is registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC). Registration with the U.S. SEC does not imply a certain level of skill or training. No information in this publication is intended as investment, tax, accounting, or legal advice, or as an offer/solicitation to sell or buy. Material provided in this publication is for educational purposes only and was prepared from sources and data believed to be reliable, but we do not guarantee its accuracy or completeness.
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.
Parsons has been awarded a three-year contract to provide program management, construction management, and construction supervision for the Lusail City Infrastructure Program in Qatar, one of the Middle East’s most significant master-planned developments.At 38 square kilometers, Lusail’s 19 districts position it as a key driver of investment, tourism, and sustainable growth in Qatar.The award extends Parsons’ nearly 20-year relationship with Qatari Diar, delivering complex urban development programs across the region. CHANTILLY, Va., July 07, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it has been selected by Lusail Real Estate Development Company (LREDC), to provide program management, construction management, and construction supervision (PMCMCS) to support the delivery of the Lusail City Infrastructure Program, a master-planned development north of Doha. The three-year contract represents a continuation of Parsons’ ongoing engagement in Lusail under a new contractual arrangement.
Under the contract, Parsons will provide oversight of design and construction, interface management, project controls, quality assurance, and coordination with multiple stakeholders across the program to drive the successful delivery.
“Lusail is one of the most significant urban developments in the region, and we are proud to continue supporting its delivery,” said Ahmed El-Essnawi, Vice President – Qatar Country Manager at Parsons. “Since 2006, we have been working with LREDC to provide project management, construction management and site supervision for infrastructure, utilities, and landscape projects. This new program reflects our longstanding relationship in delivering complex, multi-stakeholder developments that support the Qatar National Vision 2030.”
Spanning 38 square kilometers, Lusail comprises 19 residential, mixed-use, commercial, entertainment, and waterfront districts, including four islands and growing hospitality, reinforcing its role as a catalyst for investment, tourism, and sustainable urban growth in Qatar. This award strengthens Parsons’ position as a trusted delivery partner for complex Middle East development programs, supporting public and private‑sector clients with integrated PMCMCS. In November 2026, Qatari Diar is celebrating its 20th anniversary, a true milestone reflecting two decades of improving the quality of life and its commitment to local communities, partnerships and sustainability.
This award builds on Parsons’ nearly 20 years of partnership with Qatari Diar on the Lusail City program, during which the company has supported the delivery of large scale infrastructure and landmark urban development programs including Lusail Marina District, The Seef Lusail Development, Lusail Plaza, the Lusail Commercial Boulevard, as well as the Qetaifan Islands earning multiple industry recognitions including MEED and Big Project Middle East Awards for Road Project of the Year and Residential/Urban Development Project of the Year, respectively.
Parsons has had a presence in the EMEA region for nearly 70 years, supporting clients across the full project lifecycle. From urban and destination development, transport infrastructure and smart mobility to industrial and commercial development, asset management, and defense and security, Parsons draws on its global expertise and local knowledge to deliver projects that are aligned with national strategic frameworks and priorities.
About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn to learn how we’re making an impact.
To join Parsons in creating the future of Europe and the Middle East, visit parsons.com/emea
Investor Relations Contact:
Dave Spille
+1 703.775.6191 [email protected]
Forward-Looking Statements: This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: any issue that compromises our relationships with the U.S. federal government or its agencies or other state, local or foreign governments or agencies; any issues that damage our professional reputation; changes in governmental priorities that shift expenditures away from agencies or programs that we support; our dependence on long-term government contracts, which are subject to the government’s budgetary approval process; the size of our addressable markets and the amount of government spending on private contractors; failure by us or our employees to obtain and maintain necessary security clearances or certifications; failure to comply with numerous laws and regulations; changes in government procurement, contract or other practices or the adoption by governments of new laws, rules, regulations and programs in a manner adverse to us; the termination or nonrenewal of our government contracts, particularly our contracts with the U.S. federal government; our ability to compete effectively in the competitive bidding process and delays, contract terminations or cancellations caused by competitors’ protests of major contract awards received by us; our ability to generate revenue under certain of our contracts; any inability to attract, train or retain employees with the requisite skills, experience and security clearances; the loss of members of senior management or failure to develop new leaders; misconduct or other improper activities from our employees or subcontractors; our ability to realize the full value of our backlog and the timing of our receipt of revenue under contracts included in backlog; changes in the mix of our contracts and our ability to accurately estimate or otherwise recover expenses, time and resources for our contracts; changes in estimates used in recognizing revenue; internal system or service failures and security breaches; and inherent uncertainties and potential adverse developments in legal proceedings, including litigation, audits, reviews and investigations, which may result in materially adverse judgments, settlements or other unfavorable outcomes. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so by law.
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 ON 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.
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Bonk (CRYPTO: BONK) plummeted on Monday after hackers drained nearly $20 million worth of the memecoin from the project’s treasury.
‘Malicious Governance Proposal’BonkDAO, the decentralized autonomous organization tied to the Solana (CRYPTO: SOL)-based cryptocurrency, said that it became the target of a “malicious governance proposal,” resulting in the loss of tokens.
BonkDAO added that it has traced the wallets linked to the hack and is currently coordinating with major exchanges, bridges, and the Solana Foundation to “manage the situation.”
“Law enforcement has been notified. BonkDAO continues to work with relevant parties to recover funds and identify those responsible,” it said.
What Really Happened?According to blockchain analytics firm Chainalysis, the attack began on June 30 when an anonymous wallet submitted a proposal to drain BONK’s treasury.
Then, over the weekend, a separate wallet acquired $8 million worth of BONK through exchange purchases and DeFi borrowing to secure 1% of the coin’s total supply—enough to pass the proposal.
The attacker drained $20 million into an exploiter wallet. Of this amount, they transferred $188,000 to a cryptocurrency exchange, likely to cash out, while sending the remaining $19 million to a multisig wallet, where the funds remain.
BONK Loses Further Ground The massive hack added to the mounting challenges plaguing the dog-themed memecoin, which has already plunged 40% year-to-date and 80% over the last year.
It remains the third-largest meme coin in the Solana ecosystem, with a market capitalization exceeding $390 million. At its peak, it was valued at over $4 billion.
Price Action: At the time of writing, BONK was exchanging hands at $0.000004434, down 7.84% in the last 24 hours, according to data from Benzinga Pro.
Photo Courtesy: LEE WA DA on Shutterstock.com
Photo Courtesy: Akif CUBUK on Shutterstock.com
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BonkDAO lost about 20 million dollars on Monday following a governance attack that the team describes as malicious. An adopted proposal allowed transferring 4.4 trillion BONK tokens to the address of a suspected attacker. Will investigators be able to recover the funds?
In Brief: BonkDAO lost $20 million in a malicious governance attack on July 6, 2026. The approved proposal, dubbed “Sowellian BonkDAO,” resulted in 4,400 billion BONK tokens being sent to a suspected attacker. Kraken and Upbit suspended BONK deposits and withdrawals following the incident. How did the governance attack drain the treasury on Solana? The incident occurred around 4 AM Eastern Time on Monday, amidst the buzz around memecoins on Solana. More than 4.4 trillion BONK tokens, worth about 19.3 million dollars at the time of writing, left BonkDAO’s treasury wallet.
The protocol uses an on-chain voting system to validate its governance proposals. This architecture, designed to decentralize decisions, allowed the attacker to have their text adopted without centralized human intervention.
Improvement proposal number 76, titled “Sowellian BonkDAO”, notably planned to “rebuild from its ashes” and reward favorable voters. However, BonkDAO confirmed on X that the suspicious address, funded by a Bybit account according to Solscan, did not redistribute any tokens.
The token was then transferred further. Around 3:30 PM Eastern Time, the funds reached a second Solana address ending in “eh42”.
What are the consequences for exchanges and the BONK price? Upbit and Kraken reacted quickly. Both platforms suspended BONK deposits and withdrawals as soon as the incident was announced.
The South Korean platform justified its decision by measures to protect users after a security incident. Moreover, BonkDAO says it is collaborating with law enforcement and Solana ecosystem cross-chain bridges to trace the funds.
At the same time, the incident renews the debate on the security of on-chain votes in crypto DAOs. Several projects have already suffered similar attacks, usually through the massive purchase of governance tokens before a key vote.
The token dropped about 7% in 24 hours, around 0.0000043 dollar. However, this level remains 93% below its all-time high of 0.000058 dollar.
BONK reached this peak in December 2024, during the memecoin boom on Solana. At that time, the token was among the top 100 cryptocurrencies by market capitalization.
BonkDAO promises regular communication as the investigation progresses. Holder confidence will now depend on the project’s ability to recover the funds. Other crypto DAOs might nonetheless review their voting mechanisms after this governance flaw.
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Fenelon L.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
The PBOC set the USD/CNY reference rate at 6.8054, signaling a managed, gradual tolerance for a softer yuan to absorb economic pressures The fix supports orderly yuan movements amid softer growth data, likely maintaining range-bound trading against a resilient US dollar It influences trade competitiveness, commodity demand, and global portfolios, highlighting policy balance between stability and economic support. Foreign exchange traders focused on Asian markets often start their day at 9:15 AM Beijing time. This is when the People’s Bank of China (PBOC) announces its daily central parity rate for the yuan, also known as the yuan fixing.
On Tuesday, the PBOC set its daily USD/CNY reference rate at 6.8054. This was weaker than the 6.7838 level that economists surveyed by Reuters had anticipated. While this might appear to be a minor adjustment on paper, in the context of Chinese currency policy, such adjustments frequently convey specific messages.
The daily fixing is central to how Beijing manages its currency, and it allow the yuan to fluctuate within a 2% band. Each day’s rate is analyzed for its implications regarding economic growth, capital flows, and the extent of depreciation that authorities are prepared to accept.
Understanding the Reference Rate Mechanism Every trading day, the PBOC announces a central rate. This rate is determined by looking at a mix of different currencies and what’s happening in the market at the time. Then, people trading currencies are allowed to buy or sell within a certain range around this central rate.
If the central rate is higher (meaning it takes more yuan to buy one dollar), it suggests the yuan is a bit weaker. This can actually help Chinese companies that export goods because their products become cheaper for people buying them from other countries.
On the other hand, if the central rate is set stronger, it makes it cheaper to import things and can help keep prices down for imported goods, especially things like commodities.
Since this number is set administratively, not purely by the market, a stronger-than-expected fix usually signals the PBOC is pushing back against depreciation. Conversely, a weaker fix suggests they’re okay with a softer yuan, often in response to a stronger dollar or slower domestic economic momentum.
Effects on the USD/CNY Pair Currency markets usually react in a measured way. Traders watch closely for any difference between the official fix and what the market expects. If the PBOC sets the rate weaker than anticipated, it can ease pressure for depreciation. A firmer fix might encourage appreciation within the trading band.
Currently, the offshore yuan (USDCNH) has traded around similar levels. This reflects general sentiment about China’s growth path. The World Bank, for instance, projects this growth will slow to about 4.4% by 2026. While the PBOC doesn’t control the offshore yuan, which is what most global investors actually use for transactions, it usually follows the onshore fix quite closely and rarely moves more than a few cents away.
So, when the central rate is set weaker, it doesn’t just affect China. It can put pressure on other countries’ currencies, especially those in emerging markets or Asia that compete with China for trade. A cheaper yuan makes Chinese exports more attractive. It also contributes to a broader trend of a stronger dollar, which influences everything from the prices of commodities to how money is invested across Asia.
The PBOC’s strategies for currency management have significant consequences for international investment portfolios. For global investors, a stable and predictable yuan can act as a stabilizing factor for multinational corporations operating throughout Asia. If Beijing manages currency depreciation in a controlled manner, it can reduce the risk of sudden currency fluctuations impacting other emerging markets.
Why does China manage the yuan’s value?
China manages the yuan’s value to achieve a balance between supporting exports, managing import costs, maintaining financial stability, and pursuing economic growth objectives.
Why does the daily yuan fixing matter so much?
It signals Beijing’s currency priorities. Markets interpret weaker or stronger fixings as indicators of the authorities’ tolerance or resistance to depreciation.
What impact does this have on global investors?
It influences asset valuations, commodity demand, and portfolio risk in China-exposed sectors through currency stability.
Okay. Good morning, all, and a warm welcome to ABG Sundal Colliers Q2 Results Presentation. I will shortly walk you through our performance during the second quarter. But before I do that, I'd like to mention that we will, as usual, have a Q&A session after the presentation. And you want to raise a question, please use the Q&A function in teams, and I will answer all questions you might have in turn.
Okay. It's difficult to be anything than pleased with our performance in the second quarter. We have delivered our second strongest Q2 revenue number in our history, growing our top line by 27% in the quarter year-on-year. The top line growth has been achieved with good contribution across geographies, strong growth in Sweden coupled with stellar performance in Denmark, Denmark delivering its strongest quarter ever, highlighting the enhanced position as the #1 adviser in Denmark, post the acquisition of FIH Partners.
From a Product perspective, the biggest contributor to the strong top line growth was our Corporate Finance operations. On Private Banking, we are pleased with the reception of our services, good growth of customers and assets under management with committed capital above SEK 2 billion, supported by the fact that we have delivered a strong performance in our discretionary portfolios outperforming all relevant indices.
And finally, before digging deeper into the numbers and our performance in the quarter, as announced today, I have decided to step down as CEO effective from September 1, after more than 7 years in this position. It has been an extraordinary journey, and I'm grateful to all of our employees, partners, clients
, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Calix, Inc. ("Calix" or "the Company") (NYSE: CALX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of CALX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: January 28, 2026 to April 21, 2026
DEADLINE: July 27, 2026
CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Calix's Q1 performance was improved by the advanced purchase of memory modules. As the Company's supply of memory fell, it suffered from significant margin pressure due to increasing memory prices on the open market. Based on these facts, Calix's public statements were false and materially misleading throughout the class period.
If you are a shareholder who suffered a loss, contact us to participate.
WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.
Join the case to recover your losses.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
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Lighter and Mantle, two Ethereum-adjacent networks with very different value propositions, are both experiencing their highest whale transaction activity in six months, according to on-chain data from Santiment.
Lighter’s whale magnets: buybacks and volume Lighter operates as a zero-knowledge rollup built specifically for decentralized perpetual futures trading on Ethereum, where the ZK infrastructure handles order matching and throughput.
The protocol has been running an aggressive buyback program, repurchasing approximately 15.5 million of its native LIT tokens. That represents roughly 6.3% of the total token supply, funded directly from treasury revenues.
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In a single seven-day window in early January, wallets accumulated over $3.8 million worth of LIT. One particularly notable wallet held around 13.2 million LIT, valued at approximately $40 million at the time.
Lighter’s platform surpassed $200 billion in 30-day trading volume on its perpetual DEX, a figure that puts it ahead of several more established competitors. The infrastructure can reportedly process tens of thousands of orders per second with millisecond latency and zero fees for retail traders.
Mantle’s quiet rise in the layer 2 wars Mantle Network positions itself as a modular Ethereum Layer 2 solution with a primary emphasis on liquidity and capital efficiency.
Santiment data flagged Mantle’s token, MNT, as the number one network for increases in transactions worth $100,000 or more back in August 2025.
The Layer 2 landscape is crowded. Arbitrum, Optimism, Base, and zkSync all compete for developer attention and user capital. Mantle’s differentiator has been its treasury, one of the largest in crypto, which gives it significant runway to incentivize adoption and build partnerships.
What this means for investors For Lighter specifically, the combination of a supply-reducing buyback program and surging trading volume creates a relatively straightforward bull case. If the protocol continues generating revenue sufficient to fund buybacks while maintaining its volume trajectory, LIT holders benefit from both reduced supply and growing fundamental utility.
One pattern worth watching: new wallets have been making multi-million-dollar initial investments in both tokens. Fresh wallet creation paired with large first deposits is a classic on-chain signal of institutional or high-net-worth entry, not existing holders reshuffling positions.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Binance will add 10 bStocks tokenized securities as collateral assets.
According to official announcements, Binance will add 10 bStocks tokens as eligible collateral assets for its Cross Margin, Unified Account, and Unified Account Pro products at 21:30 (UTC+8) on July 7, 2026. The new tokens include Alphabet (GOOGLB), Qualcomm (QCOMB), Coinbase (COINB), State Street SPDR S&P 500 ETF Trust (SPYB), Western Digital (WDCB), Corning (GLWB), Nebius (NBISB), Semicon Bull 3X ETF (SOXLB), Roundhill Memory ETF (DRAMB), and Cerebras (CBRSB). Corresponding bStocks trading pairs will also open for leveraged trading, enabling eligible users to use these tokens as margin collateral to expand collateral options for margin trading.
7 minutes ago
UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
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Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
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Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
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Citi assigns SpaceX a "Buy" rating, with a target price of $200.
Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
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He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $60.95 per troy ounce, down 1.79% from the $62.06 it cost on Monday.
Silver prices have decreased by 14.26% 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 67.75 on Tuesday, up from 67.11 on Monday.
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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CHONBURI – Khao Kheow Open Zoo in Chonburi is preparing to welcome tourists and fans for a three-day celebration marking the second birthday of Moo Deng, Thailand’s world-famous pygmy hippopotamus.
The event, titled “Moo Deng HAPPY Deng DAY,” will be held from July 10 to 12, 2026, at the hippopotamus enclosure at Khao Kheow Open Zoo.
Zoo director Narongwit Chodchoi said the celebration will also mark the launch of an exhibition for the new Hippo Village project, a planned exhibit-area development designed to improve animal welfare and create a more modern learning experience for visitors.
The birthday festival is expected to bring renewed attention to Moo Deng, whose baby pictures and playful personality turned her into one of Thailand’s biggest animal celebrities in 2024 before the initial online frenzy softened as she grew older.
Viral star returns to the spotlightMoo Deng became a global sensation shortly after her birth on July 10, 2024, with videos and photos of the tiny pygmy hippo spreading quickly across social media. Her name, often translated as “bouncy pork”, became familiar far beyond Thailand, helping turn Khao Kheow Open Zoo into a must-visit stop for many domestic and international tourists.
At the height of Moo Deng fever, visitors flocked to the zoo to see her in person, while brands and fans embraced her image through memes, merchandise and online fan content. The surge was so strong that the zoo had to manage viewing times and visitor flow to protect the animal and maintain order around the enclosure.
As Moo Deng grew beyond her baby stage, the wave of online attention appeared to cool from its viral peak.
However, the zoo’s second birthday celebration is being positioned as a chance to bring fans back to Chonburi and reconnect Moo Deng’s popularity with wildlife education, family tourism and animal welfare.
Birthday cake, fan meeting and keeper teamOn July 10, Moo Deng’s actual birthday, visitors will be invited to join a birthday song activity and present a special birthday cake to the pygmy hippo.
Fans will also be able to take part in a fan meeting with “Captain Wit” and members of Moo Deng’s popular keeper team, including Phi Benz, Phi Nick and Phi Toad, together with the Zoo Keeper Creator team.
The zoo said the activities are designed to create a warm, family-friendly atmosphere while allowing visitors to learn more about the daily work of animal keepers and the care of pygmy hippos.
Hippo Village project to be showcasedA key highlight of the event will be the exhibition for Hippo Village, a new development project for the hippopotamus display area.
According to the zoo, the project aims to raise the quality of life for animals while offering visitors a more engaging and up-to-date educational experience. The exhibition will introduce the concept and planned development of the new hippo zone to the public during the birthday festival.
The project also reflects the zoo’s effort to move Moo Deng’s fame beyond short-term internet popularity and towards long-term conservation awareness and responsible tourism.
Three days of activities for families and fansThroughout the three-day event, visitors can enjoy a range of activities around the venue, including a wildlife mascot parade, game booths with prizes, a birthday card-writing activity for Moo Deng, and the sale of exclusive Moo Deng souvenirs.
Local products from Chonburi will also be available through One Tambon One Product booths, adding a community tourism element to the celebration.
The zoo hopes the festival will encourage families, tourists and fans to spend more time in Chonburi while supporting local products and zoo-based learning activities.
Free admission for children and seniorsFrom July 10 to 12, Khao Kheow Open Zoo will offer free admission to children aged 12 or under, or those no taller than 135cm as well as visitors aged 60 and above.
The free-entry offer applies throughout the event period, although vehicle entry fees will still be charged.
Khao Kheow Open Zoo is inviting tourists and Moo Deng fans to join the birthday celebration, visit the Hippo Village exhibition and take part in the special activities. THE NATION/ASIA NEWS NETWORK
The Indian Rupee has remained under pressure this year, with the USD/INR exchange rate trading close to 95.30 despite recent signs of stabilisation.
Citi believes decisive action by the Reserve Bank of India should provide near-term support for the Rupee, although it expects the currency to weaken again over the medium term.
The bank has sharply revised its balance of payments outlook, forecasting a surplus instead of a deficit after the RBI introduced measures to attract foreign capital, including concessional swap facilities and incentives for overseas investment.
According to Citi, these policies demonstrate the central bank's willingness to preserve financial stability and reduce depreciation pressure on the Rupee.
The bank expects these inflows to help push USD/INR towards **93.0** in the near term as concerns over India's external position ease.
However, Citi believes this improvement will prove temporary. It forecasts **USD/INR rising back towards 95.0 over the following six to 12 months**, as the boost from capital inflows fades.
Citi expects the RBI's policy measures to provide short-term relief for the Rupee, while cautioning that medium-term performance will depend on the durability of foreign inflows and the broader US Dollar outlook.
The majors are running. Ethereum is up 11.7% on the week, Solana 10%, Bitcoin 6.4%. The meme sector? Dogecoin managed 4.17%. That gap is the whole story of this list: risk appetite is back at the top of the market, and it has not fully rotated down to memes yet. That is either a warning or a window, depending on how you read it.
First, the frame. There is no single best meme coin. Anyone who tells you otherwise is selling something. What exists is a set of tokens with very different liquidity, holder bases and risk profiles, and this guide ranks them by what the data says on July 7, 2026, not by what Twitter is shouting. Every pick below comes with its case and its risk, side by side.
The One Number That Matters Before the list, one figure: 90.62%. That is MemeCore‘s 7-day gain. On the same screen, its 24-hour move reads minus 10.04%. A token that runs 90% in a week and then drops double digits in a day is the meme market in miniature. The upside is real, the reversals are faster, and the people who buy the top of a vertical candle fund the people who bought the bottom. Keep that number in mind while reading everything below.
1. Dogecoin (DOGE): the liquidity king that missed the party Price: $0.07537. Market cap: $11.68 billion. 24h volume: $812.2 million. Live chart on CoinGecko.
The case: DOGE is the only meme coin with the market depth of a mid-cap tech stock. An $812 million daily volume means size can enter and exit without moving the price much, which is why every meme rotation in history has eventually passed through Dogecoin. It is also, right now, the laggard: up just 4.17% on the week while ETH and SOL printed double digits. Historically, when majors run first, the meme majors catch up later. If that pattern repeats, DOGE has the most obvious room.
The risk: DOGE was red on the day (minus 1.53%) while nearly the entire top 10 was green. A coin that cannot stay bid on a broadly green day is telling you conviction is thin. There is no supply cap either, so DOGE needs constant new demand just to stand still.
2. Shiba Inu (SHIB): the sleeping giant with a turnover problem Price: $0.00004360. Market cap: $2.56 billion. 24h volume: $73.9 million. Chart on CoinGecko.
The case: SHIB still holds the second largest meme community and a $2.5 billion base that has survived every drawdown since 2021. It gained 2.92% this week without any visible catalyst, which suggests the holder base simply is not selling. When SHIB moves, it moves late and hard; the coin has a history of compressing for months and then repricing in days.
The risk: the volume. $73.9 million of daily turnover against a $2.56 billion cap is under 3%, the lowest ratio among the large memes on this list. Compare PEPE below. Low turnover means the market is not paying attention, and a coin can stay ignored far longer than a thesis survives.
3. Pepe (PEPE): where the meme money actually is right now Price: $0.000002709. Market cap: $1.12 billion. 24h volume: $207.28 million. Chart on CoinGecko.
The case: PEPE is the strongest large meme of the week, up 15.67%, and the volume backs it. $207 million of turnover on a $1.12 billion cap is roughly 18.5% of the market cap changing hands daily, nearly seven times SHIB’s ratio. That is what genuine rotation looks like. Traders vote with volume, and this week they voted frog.
The risk: what runs first corrects first. A 15% weekly gain in a meme coin is routine, and so is giving half of it back. PEPE also has no ecosystem story to fall back on; it is pure attention, and attention is the least stable asset in crypto.
4. Bonk (BONK): Solana’s house meme, bruised but bid Price: $0.00004402. Market cap: $387.36 million. 24h volume: $130.32 million. Chart on CoinGecko.
The case: BONK remains the flagship meme of the Solana ecosystem, and Solana itself is up 10% on the week. When SOL runs, capital historically spills into its native memes with a lag. BONK’s volume ratio (about a third of its cap trading daily) shows it is anything but forgotten.
The risk: it fell 7.66% in the last 24 hours against a green market, one of the ugliest daily prints on this list. Someone large is selling into strength. Until that flow exhausts, BONK is a knife.
5. SPX6900 (SPX): the quiet climber Price: $0.3840. Market cap: $357.57 million. 24h volume: $8.13 million. Chart on CoinGecko.
The case: up 9.46% on the week with barely any turnover ($8.13 million). That combination usually means a tight holder base that refuses to sell, so small buys move the price. Coins with this profile can rerate violently when volume finally arrives.
The risk: the same illiquidity cuts both ways. An $8 million daily volume on a $357 million cap means the exit door is narrow. If sentiment turns, the slippage on the way out will hurt more than the chart suggests.
6. Floki (FLOKI): the marketing machine Price: $0.00002340. Market cap: $223.89 million. 24h volume: $19.15 million. Chart on CoinGecko.
The case: a steady 4.81% weekly gain, no drama, and one of the more persistent marketing operations in the sector. FLOKI survives cycles, which is rarer than it sounds in meme land.
The risk: at $223 million it competes for attention against coins ten and fifty times its size, and this week the attention went elsewhere.
Honorable mentions, and one warning Pudgy Penguins (PENGU), $418 million cap, up 7.48% on the week, is the NFT-brand crossover play and quietly outperformed DOGE. OFFICIAL TRUMP (TRUMP) at $396 million is flat on the week (minus 0.02%) and remains a headline-driven token; treat any position as event risk, not investment. And MemeCore (M), the 90% weekly runner now dumping 10% a day, is the warning label of this entire market: this is speculation at its purest, and buying a vertical chart is how most meme-coin losses happen. That is not a prediction, it is arithmetic.
Key Levels to Watch DOGE: $0.070 is the floor that has to hold; above $0.080 the laggard trade starts working. SHIB: a weekly close above $0.00004800 would be the first sign of the sleeper waking. PEPE: holding $0.0000025 keeps the leadership intact. BONK: the 24-hour dump needs to stop above $0.000040 or the Solana spillover thesis waits.
Bottom Line The data says the meme sector is a step behind the majors this week, PEPE is the one exception with volume to prove it, DOGE has the most room if rotation arrives, and SHIB is the cheapest attention on the list by turnover. None of this is a guarantee. Meme coins are the most reflexive assets in crypto: they rise because they rise, and fall the same way. Size positions accordingly.
This article is for information only and is not investment advice. Crypto assets are extremely volatile and you can lose your entire stake. Always do your own research.
Frequently Asked Questions What is the best meme coin to buy right now? There is no single best one. By weekly performance and volume, PEPE leads in July 2026; by liquidity and room to catch up, Dogecoin; by dormant-base potential, SHIB. The right pick depends on your risk
Why is Dogecoin down while the market is up? On July 7, 2026, DOGE fell 1.53% in 24 hours while most of the top 10 rose. Thin conviction and profit-taking after a modest weekly gain are the simplest explanations visible in the data.
Is PEPE better than SHIB in 2026? This week, yes, by momentum: PEPE gained 15.67% versus SHIB's 2.92%, with a far higher volume-to-cap ratio. Over longer horizons both remain high-risk attention assets.
Which meme coin has the biggest market cap? Dogecoin, at $11.68 billion as of July 7, 2026. Shiba Inu is second at $2.56 billion, PEPE third at $1.12 billion.
Are meme coins a good investment in 2026? They are high-risk speculation, not investments in the traditional sense. Some produce extreme returns; most eventually underperform. Only allocate what you can lose entirely.
Why did MemeCore fall 10% after rising 90%? Vertical rallies in low-float tokens routinely retrace hard as early buyers take profit. A 10% daily drop after a 90% week is normal meme-coin mechanics, not necessarily news.
TLDR Trump acknowledged his cryptocurrency advocacy was motivated “a little bit for politics” after recognizing public interest Competition with China was cited as a primary driver for his cryptocurrency position The Trump family generated over $1.4 billion from cryptocurrency ventures last year, primarily via World Liberty Financial Trump claims he maintains no communication with his children regarding their cryptocurrency operations His cryptocurrency embrace aligned with the industry’s $170 million investment supporting favorable candidates in 2024 Donald Trump has revealed that his transformation into a cryptocurrency supporter was influenced by both political calculations and observing capital movement within the sector.
JUST IN: 🇺🇸 President Donald Trump when asked if Bitcoin will be put in Trump Accounts:
“I've become a big crypto guy…I’m a fan.” 👀 pic.twitter.com/wvrQHVobu4
— Bitcoin Magazine (@BitcoinMagazine) July 6, 2026
The president shared these remarks Monday during a White House media briefing announcing “Trump Accounts,” a newly introduced tax-advantaged savings program designed for minors under age 18.
When reporters questioned whether Bitcoin would be incorporated into these accounts, Trump deflected, instead offering insight into his evolving cryptocurrency perspective.
“I’ve become a big crypto guy only for one reason: If we don’t have it, China’s going to have it,” Trump declared.
He noted that throughout his initial presidential term, he witnessed substantial industry expansion and encountered numerous enthusiastic supporters.
“I got involved in it a little bit for politics,” he admitted. “I realized there are a lot of people that love crypto.”
This represents a dramatic reversal from his previous stance. While serving his first term, Trump labeled Bitcoin “a scam” and publicly stated his opposition to cryptocurrency.
Trump’s Family Has Deep Crypto Ties Trump and his sons hold co-founder positions at World Liberty Financial, a cryptocurrency venture. Financial disclosure documents published June 30 revealed Trump collected more than $1.4 billion from cryptocurrency-related activities throughout the previous year.
During Monday’s briefing, Trump attempted to distance himself from these commercial interests.
“I let my kids do whatever the hell they do. I don’t talk to them, ever, about it,” he stated.
He characterized his cryptocurrency advocacy as motivated by national competitiveness rather than financial benefit.
The disclosure documents have intensified ongoing Washington negotiations. Bipartisan congressional groups have been developing legislation establishing the first comprehensive federal cryptocurrency regulatory framework. These discussions include ethics provisions restricting how government officials and their relatives can profit from digital currencies during their terms.
Crypto Lobby Spent Big in 2024 Trump’s cryptocurrency pivot coincided with the industry’s emergence as a significant political contributor. Cryptocurrency advocacy organizations invested approximately $170 million during the 2024 election cycle, predominantly backing Republican candidates. Industry spending is projected to increase substantially for upcoming midterm contests.
Trump additionally asserted that the Biden administration abandoned cryptocurrency company investigations after his pro-crypto declaration. Under his current administration, the Securities and Exchange Commission has suspended numerous investigations and withdrawn various enforcement proceedings against cryptocurrency firms, several of which contributed to Trump’s campaign.
“Every time I see a crypto guy where they dropped an investigation, I said: You’re lucky I’m president,” Trump remarked.
Trump’s financial disclosure, made public recently, documented hundreds of millions in Bitcoin and Ethereum holdings connected to World Liberty Financial.
Hyperliquid’s suite of spot ETFs just pulled in $112 million in a single week, setting a new record for the decentralized perpetual futures platform. The bulk of that capital flowed into Grayscale’s HYPG, a staking ETF that launched on June 3, 2026, and has already accumulated roughly $128.6 million in assets under management.
The numbers behind the HYPE Three ETFs currently offer exposure to Hyperliquid’s native HYPE token: 21Shares’ THYP, Bitwise’s BHYP, and Grayscale’s HYPG. All three launched between mid-May and early June 2026, and the early data is striking.
Combined cumulative net inflows topped $150 million within just the first month of trading. By mid-June, the trio had amassed roughly $209 million in total assets, representing about 1.4% of HYPE’s market cap.
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Trading volume across the three products surged to nearly $900 million. THYP and BHYP hit peak daily inflows of approximately $25.5 million around May 20-21, contributing to weekly records that exceeded $70 million before HYPG even entered the picture.
Not a single week of net outflows has been recorded across any of the three funds in early data. HYPE experienced an eight-day inflow streak in late May that coincided with the token’s price surging past the $62 to $73 range, with the token hitting multiple all-time highs and peaking somewhere between $60 and $75.
Why institutions are paying attention Grayscale’s HYPG charges a 0.29% management fee and offers staking rewards north of 2% annually, giving investors exposure to HYPE’s price action while earning yield through a regulated wrapper.
Hyperliquid itself runs on a custom Layer-1 blockchain with sub-second transaction finality. The platform built its reputation as the dominant venue for decentralized perpetual futures trading, but it’s been expanding into stocks and commodities.
During the same period that HYPE ETFs were setting records, Bitcoin and Ethereum ETFs experienced outflows, with investors appearing to rebalance toward HYPE products for regulated exposure.
What this means for investors The $209 million in combined ETF assets representing only 1.4% of HYPE’s market cap suggests substantial room for growth if institutional adoption deepens, compared to Bitcoin ETFs where ETF holdings represent a significantly larger share of total supply.
Risks remain real. Hyperliquid’s platform concentration in derivatives trading means a single exploit or regulatory action could dent confidence quickly. The expansion into stocks and commodities adds another variable: if Hyperliquid successfully bridges traditional and crypto markets on a single infrastructure layer, the HYPE token’s value proposition grows considerably.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
12 minutes ago
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
12 minutes ago
Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
12 minutes ago
Citi assigns SpaceX a "Buy" rating, with a target price of $200.
Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
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He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
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Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
12 minutes ago
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
12 minutes ago
Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
12 minutes ago
Citi assigns SpaceX a "Buy" rating, with a target price of $200.
Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
12 minutes ago
He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
12 minutes ago
Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.
UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
12 minutes ago
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
12 minutes ago
Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
12 minutes ago
Citi assigns SpaceX a "Buy" rating, with a target price of $200.
Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
12 minutes ago
He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
12 minutes ago
Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.
UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
12 minutes ago
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
12 minutes ago
Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
12 minutes ago
Citi assigns SpaceX a "Buy" rating, with a target price of $200.
Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
12 minutes ago
He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
12 minutes ago
Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.
Key TakeawaysModerate Projection: $180–$300 Through 2031Optimistic Outlook: $500–$800Conservative Scenario: $40–$80Distinguishing Factors for HYPE Hyperliquid currently dominates decentralized perpetual futures trading by volume Base case projections estimate HYPE between $180 and $300 by 2031 Optimistic outlook projects HYPE could climb to $500–$800 as it captures centralized exchange market share Conservative estimates place HYPE between $40 and $80 if regulatory and competitive headwinds intensify Weighted probability analysis suggests a $315 price target for 2031 In less than two years, Hyperliquid has transformed from an emerging decentralized exchange into a dominant force in on-chain derivatives trading. The platform now handles billions in daily transaction volume.
Hyperliquid (HYPE) Price The exchange operates with a functional revenue model. Trading activity generates protocol fees, and the platform continues attracting users away from traditional centralized exchanges.
Beyond perpetual futures, the ecosystem is evolving. The introduction of HyperEVM and additional financial instruments is expanding the platform’s capabilities and use cases.
Moderate Projection: $180–$300 Through 2031 The moderate forecast presumes that decentralized trading platforms will continue capturing market share from their centralized counterparts. Hyperliquid maintains its leadership position in perpetual futures while successfully expanding into spot trading, lending protocols, and tokenized financial products.
In this scenario, HYPE is projected to reach a price range of $180 to $300 by 2031. This corresponds to a fully diluted market capitalization of approximately $180 billion to $300 billion.
Even at these valuations, significant growth potential remains compared to the largest cryptocurrency networks.
Optimistic Outlook: $500–$800 The optimistic projection envisions Hyperliquid transcending competition within the decentralized space and directly capturing significant market share from major centralized exchanges like Binance, Bybit, and OKX.
Institutional market participants would increasingly execute perpetual futures contracts on-chain. Meanwhile, HyperEVM matures into a comprehensive ecosystem supporting decentralized lending, stablecoin infrastructure, and tokenized real-world assets.
Under these conditions, HYPE could reach valuations between $500 and $800, representing a fully diluted market cap ranging from $500 billion to $800 billion.
Conservative Scenario: $40–$80 Hyperliquid operates in an intensely competitive environment. Platforms including dYdX, GMX, Vertex, and Drift are all vying for the same liquidity pools and user base.
Regulatory scrutiny of perpetual futures markets represents another significant risk factor. Numerous jurisdictions continue examining this sector with heightened attention.
Additionally, scheduled token unlocks and expanding circulating supply could create sustained selling pressure, particularly if user growth and volume fail to meet expectations.
Under conservative assumptions, HYPE would trade within a $40 to $80 range through 2031.
Distinguishing Factors for HYPE Unlike numerous alternative cryptocurrencies, HYPE derives its value from measurable trading volume rather than speculative narratives alone. This positions it more similarly to exchange equity than traditional crypto tokens.
Hyperliquid already produces verifiable economic value. Should decentralized derivatives markets continue outpacing broader market growth, the platform is strategically positioned to capture disproportionate benefits.
The probability-weighted forecast derived from this analysis indicates a price target of approximately $315 by 2031.
According to official announcements, blockchain analytics platform Nansen has officially launched Hyperliquid Perpetual (Perp) trading functionality, now available to all web and mobile users. Users can execute Hyperliquid perpetual trades directly within Nansen while tracking on-chain activities of Smart Money, whale addresses, and prominent investors, with real-time access to key metrics including funding rates, long-short position ratios, and wallet-level position distributions—enabling an integrated "research-to-trade" experience. Nansen added that the platform has also launched the Hyperliquid Perps Leaderboard, which supports filtering by Smart Money, whales, and top traders, and sorting by performance over the past 7 days, 30 days, or all-time, helping users quickly identify top-performing wallet addresses. Additionally, users can deposit funds from external wallets within the app, bridge assets from connected Solana or Base wallets to Hyperliquid, and receive asset transfers directly from other Hyperliquid addresses. Beyond trading features, Nansen has expanded its data coverage of the Hyperliquid ecosystem, including on-chain activity monitoring for HyperFND and the Hyperliquid Data API. Users can track real-time active HyperEVM addresses, contract deployments, and ecosystem growth, while development teams can access real-time Smart Money perpetual positions, unrealized profit and loss (PnL), account health, full transaction history, and performance data via the API—supporting quantitative analysis, strategy development, and application building.
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UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
12 minutes ago
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
12 minutes ago
Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
12 minutes ago
Citi assigns SpaceX a "Buy" rating, with a target price of $200.
Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
12 minutes ago
He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
12 minutes ago
Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
7 minutes ago
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
7 minutes ago
Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
7 minutes ago
Citi assigns SpaceX a "Buy" rating, with a target price of $200.
Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
7 minutes ago
He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
7 minutes ago
Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.
The play is straightforward in concept. Hold Bitcoin, sell call options against it, collect premium income. The only catch is that you agree to sell if the price rockets past a certain level.
BlackRock launched its iShares Bitcoin Premium Income ETF, ticker BITA, on June 16, 2026, built entirely around a covered call strategy designed to deliver monthly income to shareholders.
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Grayscale’s Bitcoin Covered Call ETF, trading under BTCC, has been reporting a distribution rate of 47.60% as of late June 2026. Roundhill’s Bitcoin Covered Call Strategy ETF, YBTC, has been promoting distribution rates north of 30% using synthetic covered calls on spot Bitcoin.
How covered calls actually work A covered call strategy involves owning the underlying asset, in this case Bitcoin, and simultaneously selling call options at a predetermined strike price. The seller collects a premium upfront, which becomes their yield. If Bitcoin stays below the strike price when the option expires, the seller keeps both the Bitcoin and the premium. If Bitcoin blows past the strike, the seller has to hand over their coins at the agreed price, missing out on further upside.
Distribution rates in this space currently range from about 12% to over 30% annually, depending on market volatility and how aggressively the strike prices are set.
The competitive landscape is getting crowded Ribbon Finance’s Theta Vaults popularized automated covered call strategies on BTC and ETH from 2023 through 2025.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
This is a general announcement. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, Binance Earn is excited to launch BTC Yield, a BTC-denominated yield strategy designed for long-term BTC holders. BTC Yield gives a simple way to seek weekly BTC income without actively trading options. BTC Yield is powered by options strategies – specifically, a covered call approach which aims to generate option premium by selling BTC call options. Simply subscribe with BTC in exchange for BTCY, maintain BTC-denominated exposure through BTCY, and become eligible for potential weekly BTC distributions. With competitive APY, large quotas, and direct access through Binance Earn, BTC Yield offers an intuitive way to capture returns from an institutional-grade strategy. Product Highlights: Weekly Distributions: The product seeks to automatically distribute BTC to your Spot Account every week.BTC-related exposure: Your BTCY holdings are BTC-denominated, maintaining BTC-denominated exposure.Professionally Managed Strategy: Executed by Binance team using a covered call strategy that continuously harvests option premiums as yield.Flexible Redemption: Supports both Fast Redemption and Scheduled Redemption (bi-weekly settlement) to meet different liquidity needs.Open-Ended Structure: No fixed maturity date. Yield Mechanism: Users subscribe with BTC in exchange for BTCY; principal and yield are settled in BTC upon redemption. The strategy systematically sells BTC call options and distributes the collected premiums as yield to holders. Realized option premiums each week may be distributed to BTC Yield holders in two ways: BTC Distribution: A portion of yield is automatically distributed weekly to the holder's Spot Account in BTC, proportional to their BTCY holdings. Strategy Value Appreciation: A portion of yield remains in BTC-denominated Yield and is reflected in the daily-updated value, so the BTC amount represented by each BTCY value increases over time. Risk Warning: BTC Yield is not principal-protected. The value of BTCY may fluctuate with market and strategy performance, and loss of your BTC principal is possible. BTC distributions are not guaranteed. How to Get Started: AppStep 1: Tap [More] on the App homepage.Step 2: Go to [Earn] > [BTC Yield].Step 3: Tap [Subscribe] and enter the amount of BTC to commit.Step 4: Read and agree to the terms and tap [Confirm].WebsiteStep 1: Navigate to the [Earn] section, select [Advanced Earn] and click [BTC Yield].Step 2: Click [Subscribe] and enter the amount of BTC to commit.Step 3: Read and agree to the terms and click [Confirm]. Important Risk Warning: BTC Yield is a high-risk product and is not principal protected. Users are exchanging their BTC for BTCY. The value of BTCY may rise or fall as denominated in BTC, and users may receive back less BTC than they originally allocated, including in some cases a significant loss of value or loss of the full amount allocated. Any weekly BTC distribution is not guaranteed and may be zero. BTC Yield uses a covered call strategy, which may limit participation in upward BTC price movements. As a result, BTC Yield may underperform a direct holding of BTC, particularly in strongly rising markets. The product may also be affected by market volatility, options pricing, execution factors, fees, costs and Binance’s valuation methodology. Redemptions of BTC Yield are subject to processing rules, valuation timing, liquidity, operational availability and possible delays. The BTC amount returned on exit is determined by the applicable valuation at the relevant processing time, not the value displayed when the request is submitted. Fast Exit or Scheduled Exit may be unavailable, delayed or subject to limits and fees. BTC Yield is an on-platform book-entry product. It is not an on-chain token, cannot be withdrawn off-platform and cannot be transferred to another user. Participation in BTC Yield also exposes users to Binance credit risk. In the event of Binance’s insolvency, operational failure, or if BTC Yield is suspended or discontinued, users may be unable to exit promptly or recover some or all of their allocated BTC. Users should read the BTCY Product Terms, FAQ, and General Risk Warning. BTC Yield Launch Promotion: Subscribe to BTC Yield with BTC and Share a 100,000 USDC Valued Prize Pool To celebrate the launch of BTC Yield, Binance Earn is running a limited-time exclusive campaign. Eligible users who hold BTCY during the Promotion Period will share a 100,000 USDC valued prize pool, to be allocated to a Discount Buy position. To clarify, rewards are in the form of, and will be automatically distributed, as a Discount Buy position to eligible users’ Earn Accounts. Promotion Period: 2026-07-07 08:00 (UTC) to 2026-07-21 23:59 (UTC) Reward Rules: During the Promotion Period, the system will automatically snapshot eligible users’ BTCY holding balance daily at 16:00 (UTC). After the Promotion Period ends, users will receive airdrop rewards in Discount Buy positions based on their daily average BTCY holding and the rewards structure and caps below. Reward Structure: Eligible Users’ BTCY Daily Average Holding of During the Promotion PeriodShared Prize Pool Amount (Equally Shared, Subject to a Per-User Cap)Per-User Cap0.5 BTCY ≤ Daily average holding < 1 BTCY15,000 USDC50 USDC1 BTCY ≤ Daily average holding < 10 BTCY40,000 USDC300 USDC10 BTCY ≤ Daily average holding < 30 BTCY20,000 USDC1,000 USDCDaily average holding ≥ 30 BTCY25,000 USDC2,500 USDC Reward Calculation: The prize pool for each tier will be equally shared, subject to the per-user cap, among all eligible users of that tier after the campaign ends. Every eligible user within the same tier will receive the same reward amount;Per-User Reward = Tier Prize Pool / Total Number of Eligible Users in that Tier, rounded down to the nearest whole unit;Per-User Cap: The reward for each eligible user in each tier is capped at the maximum reward amount specified in the table above.If the calculated per-user share exceeds the cap, each user will receive only the cap amount, and any remaining pool will not be further distributed.The more eligible users, the smaller each user's share; the fewer eligible users, the larger each user's share (up to the per-user cap).The final list of eligible users and per-user reward amount will be subject to platform verification, including a risk review of all qualifying accounts. Example 1 (below cap): If a tier's shared prize pool amount is 40,000 USDC, the per-user cap is 300 USDC, and 200 users are qualified, each user will receive 40,000 / 200 = 200 USDC (below the per-user cap, each user will receive the full amount).Example 2 (cap triggered): If a tier's prize pool is 25,000 USDC, the per-user cap is 2,500 USDC, and only 8 users are qualified, the calculated share would be 25,000 / 8 = 3,125 USDC, which exceeds the cap. Each user will therefore receive 2,500 USDC only (cap applied). Notes: Minimum Threshold: Users must maintain a daily average BTCY holding greater than or equal to (≥) 0.5 BTCY.Flexible Holding: Subscribe or redeem at any time during the Promotion Period; rewards are calculated based on the daily average of the snapshots.Account Aggregation: Holdings of the master account and its sub-accounts will be aggregated for calculation and are subject to a single reward cap; sub-accounts are not eligible for a separate allocation. Reward Distribution: Rewards will be automatically distributed as a Discount Buy position to eligible users’ Earn Accounts within 14 days (2026-08-04) after the Promotion Period ends.Disclaimer: Discount Buy is a high risk product and your position may go up or down resulting in you not getting back the amount invested. You may be required to trade at a less favourable rate on the Settlement Date. More Information: BTC Yield Product PageFrequently Asked Questions on BTC YieldBTC Yield Product Terms Terms and Conditions: These terms and conditions (“Activity Terms”) govern users’ participation in the activity above (“Activity”). By participating in this Activity, users agree to these Activity Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Activity Terms, and any other incorporated terms, the provisions of these Activity Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Only users who complete identity verification and confirm their participation during the Promotion Period can qualify for rewards in the Promotion. The products or features referred to above may not be available in your region. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance services in each country from which the services are accessed.Holdings of the master account and its sub-accounts shall be aggregated and subject to a single reward cap. Sub-accounts shall not be entitled to a separate allocation.The BTC Yield Terms apply.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments. There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-07-07 Trade on-the-go with Binance’s crypto trading app (iOS/Android) Find us on TelegramWhatsAppXFacebookInstagramDiscord Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice. Disclaimer: Digital asset prices can be highly volatile. The value attributable to your BTCY strategy position may go down or up, and you may not receive back the amount of BTC you allocated. By participating in BTC Yield, you are converting your subscribed BTC to BTCY. BTC Yield is not capital protected, and you may lose some or all of your BTC. Any BTC Credits, APY, realised APY, illustrative yield, or similar figures shown in connection with BTCY are for information purposes only, are not guaranteed, may be zero, and refer to BTC-denominated amounts only rather than actual or predicted returns in fiat or any other digital asset such as BTC. BTC Yield uses a strategy that may underperform holding BTC directly, including in periods of strong BTC price appreciation. When you exit BTC Yield, the amount of BTC returned to you will depend on the applicable valuation at the relevant processing time, and this may be higher or lower than the valuation shown when you submitted your request. Fast Exit may be unavailable, and Standard Exit may be subject to processing windows, capacity limits, delays and fees. Binance does not provide financial, legal, tax or investment advice, and you are solely responsible for your investment decisions. For more information, please see the BTCY Terms, Terms of Use and Risk Warning.
UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
7 minutes ago
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
7 minutes ago
Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
7 minutes ago
Citi assigns SpaceX a "Buy" rating, with a target price of $200.
Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
7 minutes ago
He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
7 minutes ago
Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.
UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
7 minutes ago
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
7 minutes ago
Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
7 minutes ago
Citi assigns SpaceX a "Buy" rating, with a target price of $200.
Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
7 minutes ago
He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
7 minutes ago
Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
[PRESS RELEASE – Zug, Switzerland, July 7th, 2026]
Premium virtual assets pioneer BTCS (Middle East) Ltd. is now fully authorized by the Financial Services Regulatory Authority (FSRA) of ADGM, enabling regulated institutional services across the UAE.
Building on its position as Switzerland’s leading crypto financial services provider, Bitcoin Suisse is further accelerating its international expansion. Bitcoin Suisse Group’s subsidiary, BTCS (Middle East) Ltd. (“BTCS ME”) has received Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, marking another significant step toward the Group’s international growth strategy becoming a leading global wealth management partner.
The FSP marks the completion of a thorough, multi-stage licensing process and enables BTCS ME to deliver a comprehensive suite of regulated digital asset financial services to institutional and professional clients in the United Arab Emirates. Bitcoin Suisse brings more than a decade of experience across multiple digital asset market cycles to the UAE. The Group currently safeguards USD 3.7 billion in crypto assets and ranks as the fourth-largest staking operator globally.
With the FSP, clients benefit from the same foundations that have made Bitcoin Suisse a trusted partner to investors, institutions, and blockchain innovators for more than a decade. Across multiple market cycles, Bitcoin Suisse has built a reputation for resilience, combining a robust, proprietary infrastructure with a service philosophy centered on long-term client relationships.
Institutional and professional clients can access a regulated digital asset financial infrastructure designed for sophisticated needs, including managing and hedging digital asset exposure, in a fully compliant environment, institutional-grade custody, and trading approved virtual assets. All supported by a dedicated relationship manager, ensuring access not only to institutional-grade technology and regulatory clarity, but also to personal attention, continuity, and deep expertise. As the market evolves, BTCS ME is also positioned to support clients in accessing tokenized real-world assets in the future.
By combining regulatory strength, operational depth, and a highly personalized approach to client service, BTCS ME is designed to support clients through the next phase of institutional adoption.
Ceyda Majcen, Chief Executive Officer and SEO of BTCS ME, leads Bitcoin Suisse Group’s expansion in the Middle East and brings extensive, long-standing senior leadership experience across the Group.
Receiving the FSP from the FSRA is a major milestone in our international growth strategy. The authorization reflects more than a decade of experience building resilient infrastructure, risk frameworks, and trusted client relationships. We are excited to bring our unique combination of institutional-grade capabilities and highly personalized service to the UAE, one of the world’s most dynamic hubs for digital assets.”
Arvind Ramamurthy, Chief Market Development Officer at ADGM, said “We congratulate Bitcoin Suisse on receiving its FSP from the FSRA. Its expansion into ADGM reinforces the strength and maturity of our digital assets’ ecosystem, which continues to attract leading global institutions seeking regulatory clarity, market access and long-term growth opportunities. As Abu Dhabi further strengthens its position as a leading financial hub in the region, ADGM remains committed to enabling innovation within a robust, internationally recognized regulatory environment.”
About Bitcoin Suisse
Bitcoin Suisse is a leading premium digital assets financial services provider. Founded in 2013 by digital asset experts, it provides a cohesive suite of trading, custody, staking and lending services for institutional clients, digital asset foundations, family offices, asset managers and high-net-worth individuals. Bitcoin Suisse is headquartered in Zug with over 200 employees in Switzerland, Liechtenstein, the United Arab Emirates, and Bermuda. www.bitcoinsuisse.com
UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
7 minutes ago
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
7 minutes ago
Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
7 minutes ago
Citi assigns SpaceX a "Buy" rating, with a target price of $200.
Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
7 minutes ago
He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
7 minutes ago
Strive CEO: No need to sell the company's reserve Bitcoin holdings even if Bitcoin falls to 1 cent.
Strive CEO Matt Cole said in an interview that even if Bitcoin falls to 1 cent and remains at that level for 18 months, Strive will face no issues, does not need to take any action, and will not have to sell a single BTC. No price level will trigger a forced liquidation for Strive.
UBS Group has assigned a "Buy" rating to SpaceX, with a target price of $210.
UBS Group initiates research coverage on SpaceX (SPCX.O), assigns a Buy rating, and sets a target price of $210.
7 minutes ago
Coinbase Secures UK MiFID License, Enabling It to Offer Investment Services in the UK
According to official announcements, Coinbase today announced it has received authorization from UK regulators to offer investment services in the UK. In simple terms, this means Coinbase is no longer limited to crypto-related services, and can now provide traditional financial investment products to UK users. This authorization is not merely a regulatory milestone, but will bring more investment options to UK users. Going forward, institutional investors and professional traders will be able to trade derivatives including cryptocurrencies, stocks, and commodity perpetual futures; retail users will also be able to trade stocks on the Coinbase platform for the first time. Coinbase noted this is just the first step in its product expansion, with more investment services planned for launch in the future.
7 minutes ago
Morningstar: Samsung Electronics' revenue expectations may disappoint investors.
Morningstar analyst Jing Jie Yu said investors may feel somewhat disappointed with Samsung Electronics' revenue outlook. He noted that the company’s projected operating profit is in line with market expectations, but its revenue forecast of 171 trillion won is slightly below the consensus. This underperformance is likely due to DRAM price increases falling short of expectations, which may have spooked investors who were increasingly betting on a structural rally in memory chip prices. As investors grew more cautious, Samsung Electronics’ stock closed down 6.9%, trimming its year-to-date gain to just under 150%.
7 minutes ago
Citi assigns SpaceX a "Buy" rating, with a target price of $200.
Citigroup initiates coverage on SpaceX (SPCX.O), assigning a Buy rating and setting a target price of $200.
7 minutes ago
He Yi: Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders.
Binance co-founder He Yi stated in a social media post that "A key metric I’ve long focused on is the value created for users. Since 2022, Binance Earn has cumulatively distributed over $1.2 billion in yields to stablecoin holders. In the long run, the real opportunity lies not only in providing users with market access, but also in helping them continuously generate value from their assets."
7 minutes ago
US stock storage sector is generally down in pre-market trading, with Western Digital falling more than 6%.
According to BIT (bit.com) market data, the US stock market's storage sector is seeing broad pre-market declines, with Seagate Technology (STX) down 4.96%, Western Digital (WDC) down 6.14%, SanDisk (SNDK) down 5.43%, and Micron Technology (MU) down 5.46%.
Blockchain trade association the Digital Chamber filed an amicus brief in the New York lost property case seeking ownership of thousands of dormant Bitcoin addresses.
The Monday filing is the second amicus brief in the case. It opposes the claims of ownership, arguing that treating dormant wallets as abandoned property would create a “pervasive cloud on title across self-custody wallets.”
Digital Chamber argues that a ruling based on the plaintiffs’ theory would undermine the “foundational principles of digital property ownership, with negative ripple effects reaching the traditional finance industry.”
The amicus brief was filed in a lawsuit brought by "Noah Doe" and two Wyoming-based companies in late May, seeking ownership of 39,069 dormant Bitcoin addresses, in what could become a test of how inactive crypto may be treated under the state’s lost-property law.
The listed addresses hold an estimated 3.7 million Bitcoin (BTC) worth about $234 billion and include some of the wallet addresses associated with Bitcoin creator Satoshi Nakamoto, according to Sani, founder of analytics platform Timechain Index.
The Digital Chamber files an amicus brief to dismiss the case seeking ownership of 39,069 Bitcoin wallets. Source: iapps.court.state.ny.us
The Digital Chamber describes itself as the oldest and largest digital asset trade association representing over 250 members, including crypto exchanges, banks, investment firms and other industry participants.
Dormant Bitcoin wallets awaken after lawsuitSome of the long-dormant Bitcoin wallets named in the lawsuit have been waking up.
At least 31 of the listed addresses moved 17,527 Bitcoin in June, up from five addresses that transferred 4,834 BTC in February, according to Galaxy Digital head of research Alex Thorn.
Source: Alex Thorn
Bitcoin address "1KV47" transferred 30 BTC, worth about $1.88 million, on Saturday, marking the wallet’s first movement in almost 15 years, since August 2011.
Regardless of the lawsuit's outcome, it is unclear how the plaintiffs could gain control of the assets without holding the private keys to the wallets.
On Thursday, a pseudonymous defendant filed a notice of appearance and motion to dismiss, claiming they control one of the dormant wallets named in the lawsuit.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Vocal cryptocurrency critic and gold advocate Peter Schiff has labelled digital asset treasury Strategy company's evolving business model a "mid-cycle Ponzi."
Schiff has slammed the company's move to sell parts of its Bitcoin reserves in order to fund dividend payments and service corporate debt.
A 'completely different business model'During the initial phases of the company's Bitcoin accumulation, Michael Saylor's firm issued convertible debt and sold stock to purchase the digital asset. Now, Schiff notes, the flow of capital has reversed.
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"Strategy now has a completely different business model," Schiff stated. "Instead of selling common and preferred stock and issuing debt to buy Bitcoin, the new strategy is to sell Bitcoin to pay interest and dividends, pay off debt, buy back shares it sold, and hope that Bitcoin’s price goes way up."
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He pointed out that Strategy spent roughly $17 billion purchasing Bitcoin since October 2025. Yet, the asset's price still experienced severe drawdowns. "If Bitcoin was that weak with Strategy buying $17B, imagine how much weaker it will be with Strategy selling $3.25B, plus more to maintain its minimum U.S. dollar reserve," he warned.
The dividend spiralAccording to Schiff, the current yield on $STRC has spiked to roughly 15% due to price depreciation. "That means to get the price back up to $100, Strategy must raise the dividend rate," Schiff explained.
Schiff believes this creates a negative feedback loop: declining preferred stock prices force higher dividend payouts, which in turn require heavier Bitcoin liquidations. This ultimately puts even more pressure on the asset's price.
Looming downside risks Schiff predicted that Bitcoin's technical support levels are in jeopardy due to fresh selling pressure.
The analyst believes that the $58,000 support level might now hold. "Once it gives way, Bitcoin could collapse below $50,000, testing the August 2024 low," he projected.
Blockchain trade association the Digital Chamber filed an amicus brief in the New York lost property case seeking ownership of thousands of dormant Bitcoin addresses.
The Monday filing is the second amicus brief in the case. It opposes the claims of ownership, arguing that treating dormant wallets as abandoned property would create a “pervasive cloud on title across self-custody wallets.”
Digital Chamber argues that a ruling based on the plaintiffs’ theory would undermine the “foundational principles of digital property ownership, with negative ripple effects reaching the traditional finance industry.”
The amicus brief was filed in a lawsuit brought by "Noah Doe" and two Wyoming-based companies in late May, seeking ownership of 39,069 dormant Bitcoin addresses, in what could become a test of how inactive crypto may be treated under the state’s lost-property law.
The listed addresses hold an estimated 3.7 million Bitcoin (BTC) worth about $234 billion and include some of the wallet addresses associated with Bitcoin creator Satoshi Nakamoto, according to Sani, founder of analytics platform Timechain Index.
The Digital Chamber files an amicus brief to dismiss the case seeking ownership of 39,069 Bitcoin wallets. Source: iapps.court.state.ny.us
The Digital Chamber describes itself as the oldest and largest digital asset trade association representing over 250 members, including crypto exchanges, banks, investment firms and other industry participants.
Dormant Bitcoin wallets awaken after lawsuitSome of the long-dormant Bitcoin wallets named in the lawsuit have been waking up.
At least 31 of the listed addresses moved 17,527 Bitcoin in June, up from five addresses that transferred 4,834 BTC in February, according to Galaxy Digital head of research Alex Thorn.
Source: Alex Thorn
Bitcoin address "1KV47" transferred 30 BTC, worth about $1.88 million, on Saturday, marking the wallet’s first movement in almost 15 years, since August 2011.
Regardless of the lawsuit's outcome, it is unclear how the plaintiffs could gain control of the assets without holding the private keys to the wallets.
On Thursday, a pseudonymous defendant filed a notice of appearance and motion to dismiss, claiming they control one of the dormant wallets named in the lawsuit.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
The Trump administration’s ambition to establish a Strategic Bitcoin Reserve is running into the hard reality of Washington’s legal machinery. The U.S. Treasury, which was supposed to manage the reserve, now faces internal doubts about whether it even has the statutory authority to hold and manage the government’s Bitcoin, according to the original report citing Bloomberg. That legal gap has thrown the project into a bureaucratic review, with officials exploring alternative structures—including shifting custody and oversight to the Commerce Department. The Justice Department’s Office of Legal Counsel is now working with both agencies to find a legally viable path forward.
The uncertainty over the Treasury’s authority reflects a broader problem: the U.S. government still lacks a clear, codified framework for holding digital assets as sovereign reserves. While the Department of Justice routinely seizes Bitcoin via criminal forfeiture and the U.S. Marshals Service auctions it off, the notion of the Treasury actively managing a long-term Bitcoin portfolio crosses into uncharted fiscal territory. That distinction matters. For a reserve to function as anything more than a holding account, the managing agency would need explicit authority to custody, transact, and potentially rebalance the asset—powers that current statutes do not explicitly grant.
The Authority Question The Treasury’s hesitation is not just bureaucratic foot-dragging. The department operates under tightly defined mandates, and introducing a volatile, non-sovereign asset into the government’s balance sheet raises novel legal questions about fiduciary duty, accounting treatment, and liability. The Office of Legal Counsel’s involvement signals that the administration is treating this as a serious structural question, not a political talking point. Moving the reserve to the Commerce Department could sidestep some of those restrictions, but it would also shift the asset away from the financial arm of the government, potentially weakening its perceived stability.
For market participants, the legal tangle is a reality check. The idea of a U.S. Bitcoin reserve has been a component of the bullish institutional narrative for months, helping to anchor the view that sovereign demand would eventually provide a floor for Bitcoin’s price. The revelation that the plan lacks immediate legal grounding could temper that narrative, at least in the short term. It also highlights a disconnect: while Washington debates whether the Treasury can hold Bitcoin, private and public companies, ETFs, and foreign governments continue to build positions. El Salvador’s daily purchases and MicroStrategy’s treasury strategy have become routine, yet the world’s largest economy cannot figure out which department is allowed to hold the keys.
Market Implications of a Delayed Reserve The bureaucratic friction arrives at a sensitive moment for crypto legislation more broadly. A landmark crypto bill is facing intense last-minute resistance from banking lobbyists, illustrating how entrenched financial interests can stall even bipartisan efforts. If a bill with broad industry support struggles to clear the Senate, the path for a strategic Bitcoin reserve—which carries far more political and legal weight—looks even steeper. The delay also raises uncomfortable questions for the administration’s broader digital asset strategy. Without a legal foundation, the reserve concept risks becoming a reputational liability, a headline-grabbing announcement that cannot be implemented without congressional action or a novel legal interpretation that could be challenged in court.
The contrast with the private sector’s embrace of tokenized assets is stark. As the government wrestles with custody authority, traditional finance has quietly moved forward. On-chain real-world assets have crossed $20 billion, with major institutions like JPMorgan and Bullish executing live settlements and large-scale acquisitions. The infrastructure for institutional-grade digital asset management exists; the government just isn’t plugged into it.
What Comes Next for the Idea The next few weeks will clarify whether the administration can force a resolution through executive action or whether the idea requires quiet legislative work behind the scenes. The Office of Legal Counsel’s opinion will be pivotal. A narrow reading of Treasury authority could kill the reserve outright, while a broader interpretation could open the door but invite lawsuits. If the Commerce Department emerges as the designated manager, the structure would be unconventional but possibly faster to implement. The longer the review drags on, the more the market will discount the reserve as a near-term catalyst, treating it instead as a multi-year regulatory puzzle.
What remains uncertain is how the government will handle the Bitcoin it already controls. The U.S. Marshals Service has historically sold seized Bitcoin in batches, a practice that periodically unsettles spot markets. A shift toward a holding strategy—even without a formal reserve designation—would mark a significant change in supply dynamics. For now, the only certainty is that the legal machinery grinds slowly, and Bitcoin’s path to becoming a U.S. sovereign asset is far from assured.
AUTHOR
Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
From its all-time high of $126,198 in October 2025, Bitcoin has fallen over 51% to its current price of slightly above $62,000.
Recent releases from three on-chain datasets that came out in quick succession paint a picture that goes beyond a simple price chart: this correction seems to be structurally distinct from the ones that came before it.
The Efficiency Problem Is Real, And It's Not Going Away
On July 1, Ki Young Ju, CEO of CryptoQuant, offered a comprehensive examination of capital efficiency over Bitcoin's cycles.
This research offers a different viewpoint on the idea that "Bitcoin still has 10x left" regarding its potential for growth.
The astounding return of 55,436% was the product of $2.7 billion in net inflows in 2011. A return of around 2,000% was achieved on an investment of $365 billion between 2018 and 2021.
A meager 689% gain has been produced by $697 billion in realised-cap growth in the current cycle.
An injection of about $5 million in fresh cash was necessary in 2011 to accomplish a doubling of the price. Currently, $101 billion is the anticipated sum needed.
It's time to reevaluate Bitcoin's essence, and that's not merely a minor point.
Institutional investors are now needed to make a dent in a market where millions used to be enough to make a dent.
Ju's analysis emphasizes how dire the situation is: Bitcoin needs to gain more than $1 trillion in fresh market capitalization to experience another parabolic leap.
This calls for seeing it as an essential macro allocation instead of just an ETF transaction aimed at ordinary investors.
The market value of gold is over $27 trillion.
About $1.3 trillion is the market capitalization of Bitcoin.
While the gap suggests a bright future, the difficulties in streamlining processes are to blame for the slower pace of development and higher capital needs compared to the plans for 2017 or 2021.
Even if the monetary quantities involved are historically unprecedented, the technical conclusion is that future rallies will look less steep in percentage terms when compared to the last one.
Some important mathematical discoveries were recently brought to light by CryptoQuant, which makes it difficult for anybody to predict if Bitcoin will maintain its 2017 percentage increases.
The Float Is Drying Up - And That Cuts Both Ways
There is a change on the supply side that is arguably more closely related to the present price fluctuations than the efficiency narrative.
A record high of 79% of the supply was held by long-term investors, according to a study published June 15 by K33 Research.
Furthermore, as of June 6, just 218,421 BTC that had been dormant for more than two years were activated, which is the lowest amount seen since the same date in 2012, when just 70,600 BTC had migrated.
During what K33 calls a distribution phase in June 2024, 1.18 million BTC were released from cold storage.
Contrarily, according to on-chain tracker Alphractal, the percentage of long-term holders has risen to 78% from 74% in the last cycle.
Also, in the past few months, some 830,000 BTC have been moved out of temporary wallets.
K33's Vetle Lunde argues that record holder concentration, low reactivation, and dropping trading volume are not signs of fresh selling forces but rather a tendency that usually emerges in the later stages of Bitcoin downturn markets.
Logic dictates that there will be fewer coins available for trade when over 80% of them are dormant.
So, because the order book isn't as strong, prices are more affected by any spike in demand, be it from institutions, individual investors, or ETFs.
The way one sees liquidity dynamics is rather bullish, but it doesn't show whether demand will come through or not.
Investments from ETFs, stablecoin growth, and institutional interest have not yet reached levels that would suggest a long-term recovery, and this is the key point that businesses like Bitfinex, Wintermute, and Glassnode have been stressing.
Although supply-side tightening is critical, it is not sufficient to ensure a market bottom on its own.
CoinDesk data from late June showed that long-term investors were holding almost 5.58 million BTC at a loss, which was the second-highest total ever recorded, second only to March 2020.
Despite this group's total percentage of supply continuing to expand, this occurs. In the same tales, one will find both confidence and hardship.
The P&L Signal: Fourth Time This Metric Has Flashed Since 2022
Among the data points published by CryptoQuant on July 3, the most recent and important aspect stands out.
The realized profit-and-loss ratio of Bitcoin has dropped to -0.35, the lowest level in 43 months.
This slump is reminiscent of December 2022, just after the FTX collapse, when BTC was worth less than $16,000.
Significant market rallies followed readings below -0.35 in 2015 and 2019, according to CryptoQuant's historical data.
This indicator shows how much of the total supply is now making money as opposed to losing money, as calculated on a realized basis.
Capitulation has already taken place, not that it is imminent; according to readings, this is negative.
Crucial is the context.
With a low of around $57,950 achieved on July 1, BTC hit its lowest price in 652 days. In the duration after, it saw a 7% bounce and is now trading between $61,000 and $63,000.
Adam Livingston of Swan Bitcoin points out that the current price of Bitcoin is just 16% higher than its realized value.
Returns of 41% for six months and 81% for twelve months have been achieved in the past thanks to this spread.
Matt Hougan, CIO of Bitwise, brought up the unwinding of Strategy's Stretch (STRC) preferred shares in a recent thread.
There were worries regarding the long-term viability of dividends connected to Michael Saylor's treasury concept when this stock dropped below its $100 par value to about $75 in June.
Instead of portending imminent stress, Hougan posited that this occurrence could have contributed to the system's elimination of unnecessary risk.
The market is currently assessing a clearly defined barrier.
Despite four separate tests this year, $60,000 support has remained strong, and centralized exchange inflows have remained around 50,000 BTC per day, suggesting a tendency of exhaustion rather than aggressive selling, whenever selling pressure has escalated.
If one looks at the daily and weekly charts, one could see a potential "W" reversal forming.
This would coincide with the lower Bollinger Band and show tiny fractal patterns inside the bigger framework, according to experienced technician John Bollinger.
If the price falls below $60,000, it will expose the realized-price region around $53,000, which proponents of the capitulation bottom argument must defend if it is to remain valid.
The Macro Overlay
All of these deals take place within a larger macro framework.
BlackRock's IBIT has led the way in redemptions, with spot Bitcoin ETFs marking their worst month since their launch in June, seeing net outflows of over $4.5 billion.
K33 reports that sales have slowed but have not yet translated into cash inflows.
The markets are still adjusting to the idea of a Federal Open Market Committee headed by Kevin Warsh, and the change in leadership at the Federal Reserve creates substantial uncertainty.
Interest rate policy has always been a major short-term driver for Bitcoin.
There has been a little reduction in the probability of rate rises following a June employment report that was disappointing, adding just 57,000 jobs instead of the expected 100,000+.
With the launch of meinKrypto by DZ Bank for Bitcoin trading and custody under MiCA and the preparations underway for a similar rollout by DekaBank across about 340 German savings banks, institutional plumbing is slowly but surely evolving at the periphery.
But this is more of a demand driver than a flow catalyst.
A future upward rise, should it materialize, will require far more institutional finance than earlier cycles to accomplish comparable percentage increases, according to the synthesis: declining capital efficiency.
The amount of accessible float to absorb that capital is more constrained than ever before due to record-long-term holder concentration.
The market has probably taken a lot of surrender into consideration, as the P&L reading is at a 43-month low.
When taken independently, each data point provides unique insights.
Taken as a whole, they show how the market is structured to facilitate bottom-forming, but a key component, institutional demand on a broad scale, is still up in the air.
Michael Saylor and Strategy faced criticism after announcing the latest BTC sales, as Bitcoin price tumbled to $61K lows before bouncing back. Grayscale argues Strategy’s recent BTC sales are positive for Bitcoin’s long-term price stability and broader markets, rather than bearish.
Grayscale Research Supports Strategy’s Latest BTC Sales $216 million BTC sales by Michael Saylor’s Strategy, a leading Bitcoin digital asset treasury (DAT), may reduce financing risk, Grayscale Research noted.
The crypto firm claimed it would restore market confidence over Strategy’s financing structure as there is nothing wrong with its balance sheet. The largest Bitcoin treasury now holds 843,775 BTC worth nearly $53 billion and has almost $7 billion in debt.
Notably, annual dividend obligations on its preferred equities are less than $2 billion. “Strategy clearly has sufficient financial resources to service its debt and dividend obligations,” said Grayscale Head of Research Zach Pandl.
In addition, Grayscale claimed these BTC sales will support Bitcoin price stability. “In our view, it may help Bitcoin’s price find a more durable bottom,” Pandl added.
STRC Stock Closes Higher Despite Bitcoin Sales Grayscale revealed that the recent $216 million BTC sale by Strategy boosted US dollar reserves to cover almost 17 months of dividend payments. The company now has $2.55 billion in cash reserves.
The Bitcoin treasury announced a framework and monetization program to confirm it would issue shares and sell Bitcoin as needed to maintain sufficient US Dollar reserve cover for its dividend obligations.
Moreover, STRC stock closed 0.81% higher at $88.58 on Monday, suggesting investors are responding positively to the decision. The stock is up 0.51% at $89 in premarket trading on Tuesday. Meanwhile, Binance launched STRC stock trading, allowing traders to gain exposure without needing traditional brokerage accounts.
STRC Stock Rises amid USD Reserve Buildup. Source: Grayscale Meanwhile, MSTR stock is trading 0.80% lower at $99.97 in premarket today. The stock is still up almost 18% in a week as analysts remain bullish on the MSTR stock price. Cantor Fitzgerald has maintained a buy rating on MSTR stock, with a 12-month price target of $212.
Bitcoin price is trading above $63K, with a 24-hour low and high of $61,275 and $64,597, respectively. The positive momentum comes amid first inflows into BlackRock Bitcoin ETF after weeks and seasonality. Furthermore, trading volume has increased by 77% over the last 24 hours.
Navigate the fluctuations of the crypto market by following the trades of experienced traders with our recommendations for Best Crypto Copy Trading Platforms.
Cayman Islands Trademark Secures Legal FoundationRipple-backed Evernorth has taken another step toward building a publicly traded $XRP treasury, registering its trademark in the Cayman Islands as its Digital Asset Treasury (DAT) initiative advances.
The Evernorth trademark has been publicly recorded in the Cayman Islands, with the filing handled by HSM IP Ltd., a Cayman-based intellectual property firm that frequently manages trademark registrations for companies operating in the jurisdiction. Public records show the word mark was registered under filing number T0004840, with an expiry date of April 1, 2036.
According to the Cayman Islands Gazette, the Evernorth word mark (No. T0004840) has been registered under Classes 36 and 42, covering a wide range of digital asset-related financial and technology services. Under Class 36, the trademark protects services related to digital asset portfolio creation and management, financial advisory and consulting for digital assets, digital asset treasury management, financial custody solutions, and investment strategy information for publicly traded investment funds.
The XRP Digital Asset Treasury is currently pursuing a business combination with Armada Acquisition Corp. II, a Cayman-domiciled SPAC. Establishing the trademark in the Cayman Islands complements this structure, as the jurisdiction is widely used by global investment vehicles due to its tax neutrality, asset protection framework, and efficient intellectual property and global licensing regime.
473 Million XRP and an Active Treasury StrategyEvernorth Holdings and Pathfinder Digital Assets held about 473.1 million XRP as of the end of last year. Ripple contributed 126.8 million XRP to Pathfinder under a contribution agreement, while the sponsor separately contributed 211.3 million XRP through a Series C subscription tied to the broader deal.
Rather than operating as a passive investment vehicle, Evernorth plans to actively grow its XRP reserves. Its strategy includes institutional lending, liquidity provisioning, and participation in decentralized finance (DeFi) yield opportunities to generate additional returns on its holdings.
If the deal closes, the combined company will list under the ticker XRPN and operate as a publicly traded XRP treasury. The company said it has raised over $1 billion in gross proceeds to create the largest public XRP treasury company on Nasdaq. Investors in the transaction include Ripple, SBI Holdings, Pantera Capital, Kraken, and Arrington Capital.
Sources:
The Crypto Basic: Ripple-Backed Evernorth Registers Trademark in Cayman Islands
CoinDesk: Evernorth Unveils 473 Million XRP Treasury and DeFi Strategy
SEC Filing: Evernorth Holdings Inc. Form 425
