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Major Binance Update for Ripple (XRP) Investors: Details

Ripple continues to expand its business, with banks adopting its technology, and spot XRP ETFs have already attracted nearly $1.5 billion. Yet its native token XRP remains nearly 72% below its 2025 peak.

Meanwhile, on-chain data and technical charts suggest XRP may remain stuck in a sideways range until 2028, backed by historical data.

Ripple Is Growing, But XRP Isn’t FollowingRipple has spent the year strengthening its ecosystem. This week alone, the company launched the Ripple Mint platform for its RLUSD stablecoin, expanded across multiple blockchain networks, and continued attracting banks to the XRP Ledger for cross-border payments.

However, stronger business growth has not translated into higher XRP prices.

One reason is how Ripple’s network works. Banks use the XRP Ledger to settle transactions almost instantly. Due to this, they do not need to hold large amounts of XRP for long periods. 

At the same time, Ripple also releases millions of XRP from escrow every month, increasing the available supply.

Meanwhile, spot XRP ETFs have attracted about $1.49 billion in total inflows, but ETF holdings still account for only 1% to 2% of XRP’s circulating supply, limiting their impact on price.

Selling Pressure Continues to Outweigh DemandMarket data also shows that XRP’s futures market has cooled sharply.

Open interest has fallen by nearly 87%, dropping from around $15 billion earlier this year to roughly $1.91 billion. This large wave of deleveraging removed much of the speculative buying that previously helped fuel rallies.

Meanwhile, large investors have quietly bought more than 600 million XRP during recent price drops. But many small investors have sold their XRP after months of little price movement. Because of this, XRP faces selling pressure.

According to analyst Chartnerd, XRP has taken an average of about 1,410 days to reach each new cycle high. Previous cycles lasted 1,490 days (2013-2018), 1,197 days (2018-2021), and 1,556 days (2021-2025). 

Based on both time-based Fibonacci extensions and previous market cycles, Chartnerd believes XRP could target around $27 by 2029 or 2030.

At the same time, the Bollinger Bands are tightening, a sign that volatility is falling and XRP could remain range-bound before its next major move. If history repeats, the current setup mirrors the long accumulation period seen before the 2024 breakout. 

Unless XRP breaks above the 20-week Bollinger Band and key resistance levels, analysts believe the token could continue trading sideways before building momentum for its next bullish cycle.

That outlook closely matches Standard Chartered’s long-term forecast, which projects XRP reaching $7 by 2027, $12.60 by 2028, and nearly $28 by 2030.

🇺🇸🏦 $28 BY 2030 🏦🇺🇸

Standard Chartered projects that XRP could reach $28 by 2030.

The bank believes XRP could benefit from the growth of cross border payments, tokenization, and increasing institutional adoption.

Now it’s the banks. 🚀 pic.twitter.com/tnwEtVW1pL

— John Squire (@TheCryptoSquire) July 21, 2026 Loading article prices

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Ongoing conversations in the US digital asset sector have intensified around whether the proposed CLARITY Act could materially influence the price and institutional adoption of XRP, even after recent regulatory progress.

Legal distinction between court ruling and legislationVincent Van Code, a software engineer specializing in blockchain technology, commented on X that many overlook the critical difference between a landmark court verdict and formal federal legislation. He suggested that while last year’s decision in the SEC v. Ripple case was a notable milestone for XRP, it does not offer lasting legal certainty for major industry players.

In 2023, a US district court ruled that secondary-market transactions of XRP do not qualify as securities. This outcome eased regulatory pressure on Ripple’s ecosystem and sparked optimism across various crypto markets.

Van Code acknowledged that this outcome has already influenced the industry, paving the way for broader adoption. “There is a misconception that the Clarity Act will not affect prices for crypto such as XRP. That is not entirely true,” he noted on social media, responding to speculation about the new legislation’s impact.

In his comments, Van Code emphasized that a single district court decision cannot replace comprehensive federal legislation, leaving uncertain ground for financial institutions considering large-scale XRP investments.

The court’s decision, while groundbreaking for XRP holders and Ripple Labs, remains one federal judge’s interpretation and does not amount to a nationwide precedent or a statutory guarantee of how XRP will be treated going forward.

Institutional caution persists despite legal progressVan Code explained that, following the court ruling, institutional activity around XRP picked up, including new On-Demand Liquidity corridors, pilot projects with banks, custody service growth, and ETF submissions. However, he stressed that the lack of a broad legal framework prevents many major financial firms from making significant commitments.

He warned that the decision’s influence is inherently limited, particularly since it could be revisited by future courts or interpreted differently by other agencies. Without legislation from Congress, he said, banks and institutional investors remain risk-averse—choosing to engage in limited pilot programs rather than large investments or extensive product launches.

Many traditional finance firms are known for their cautious approach, prioritizing strict regulatory compliance. For them, the absence of clear federal law governing digital assets continues to be a key obstacle.

Van Code argued that codifying digital asset definitions into federal law would address remaining concerns in compliance departments and among decision-makers at large firms.

Mini dictionary: CLARITY Act, a proposed US bill that seeks to clarify the legal status and regulatory framework of digital assets, aiming to provide certainty for institutional investors by defining tokens and their treatment under securities laws.

The path ahead for XRP and institutional adoptionHe added that many institutional players are still limiting their exposure to XRP, focusing on experimental or non-custodial activities until a legislative solution arrives. This cautious stance has so far prevented a larger wave of capital inflows.

According to Van Code, the passage of the CLARITY Act would likely provide the comprehensive regulatory clarity needed to shift institutional strategies. This could potentially influence both adoption rates and pricing in $XRP, moving beyond the boundaries set by last year’s court win.

Van Code concluded that “while the Ripple decision eased some uncertainty for XRP, genuine institutional confidence depends on a robust federal framework.”

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

https://starsevendesign.com/project-blackrock.html

BlackRock clients have reportedly sold $52.76 million worth of Ethereum, according to a social media post by @WhaleInsider. The sale appears to be linked to BlackRock’s iShares Ethereum Trust, a spot ETF facilitating ETH exposure for institutional clients. This move is not directly attributable to BlackRock’s proprietary activity but suggests a significant outflow from the ETF, which is a major institutional holder of Ethereum. Such outflows are often observed alongside broader ETF activity and can influence market dynamics, particularly given the large scale of the transaction.

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Key Takeaways The reported sale of $52.76 million in Ethereum by BlackRock clients suggests a substantial institutional outflow, potentially impacting market sentiment. Current market odds for Ethereum dropping to $1,300 in July remain low, indicating limited immediate market impact from this news. Observers note that BlackRock’s iShares Ethereum Trust has previously been a significant driver of spot demand for Ethereum. What to Watch Markets will be closely monitoring any further large-scale transactions linked to the iShares Ethereum Trust, as these could indicate broader trends in institutional sentiment toward Ethereum. Additionally, any future announcements regarding inflows or outflows from major Ethereum ETFs could influence market perceptions and pricing. The impact on Ethereum’s price trajectory will also depend on broader market conditions, including regulatory developments and macroeconomic indicators.

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Term Structure

Contract Odds Δ since publish Volume 24h August 1 2026 0.2% — — View market → August 1 2026 22.5% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 6.5% — — View market → August 1 2026 1.8% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.5% — — View market → August 1 2026 1.6% — — View market → August 1 2026 2.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 15.5% — — View market →

COINTELEGRAPH: Ethereum ETFs close week in red, end 5-day inflow streak

Upbit, one of South Korea’s largest cryptocurrency exchanges, has announced it will list the Korean won trading pair for Morpho (MORPHO).

According to the exchange’s announcement, MORPHO/KRW trading will begin on July 25, 2026, at 12:00 PM Turkish time. Deposits and withdrawals will only be supported via the Ethereum network.

Upbit stated that transaction support may be delayed if sufficient liquidity is not provided after deposit and withdrawal operations begin.

Buy orders will be restricted for the first 5 minutes after listing. During the same period, sell orders placed at more than 10% below the previous day’s closing price will also not be allowed. Furthermore, order types other than limit orders will be unavailable for approximately the first two hours.

*This is not investment advice.

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Changxin's pre-IPO price drops to $6, corresponding to an RMB share price of 40.62 yuan on its first day of listing.

According to Hyperinsight’s monitoring, the Pre-IPO contract price of CXMT (Changxin Memory Technologies, whose listed entity is Changxin Technology) on Hyperliquid has fallen to $6, with a more than 5.7% drop in 24 hours. The corresponding RMB share price stands at 40.62 yuan. Calculated based on the post-issue total share count of 66.881 billion shares, the on-chain implied market capitalization is approximately $400 billion, equivalent to around 2.7 trillion yuan. At this valuation, the subscription cost per lot of 500 shares for retail investors who win the online application is 4,330 yuan. The estimated market value of 500 shares on the first day of listing is 20,310 yuan, translating to a profit of roughly 16,000 yuan per lot.

1 hours ago

The latest draft of the CLARITY Act includes an incentive clause for white hat hackers, proposing to offer rewards to individuals who identify security vulnerabilities.

The latest draft of the U.S. Senate’s Cryptocurrency Market Structure Act (the CLARITY Act) includes provisions encouraging white hat hackers to responsibly disclose cybersecurity vulnerabilities, proposing to authorize rewards for individuals who identify and report such flaws to bolster protection for digital asset infrastructure before they are maliciously exploited. The provision incorporates the views of former CFTC Chairman J. Christopher Giancarlo, a long-time advocate for digital asset innovation.

1 hours ago

US tech giants have cut nearly 140,000 jobs this year, with the four leading players' AI capital expenditure totaling $725 billion.

According to statistics from the Financial Times in partnership with Challenger, Gray & Christmas, U.S. tech industry layoffs since 2026 have accounted for more than one-third of all announced layoffs nationwide. Amazon, Oracle, Meta and Microsoft alone have cut nearly 50,000 jobs, roughly 6% of their total workforce. In sharp contrast, Amazon, Alphabet, Meta and Microsoft are projected to invest a combined $725 billion in AI infrastructure such as data centers this year. After laying off staff in March, Oracle’s total headcount dropped by 21,000 for the full year; this month, S&P downgraded its credit rating, citing weak cash flow and uncertain AI returns. Microsoft cut 4,800 jobs this month, mainly in its Xbox gaming division, essentially a full reset of its $75 billion acquisition of Activision Blizzard three years ago. The narrative that "AI causes layoffs" is met with skepticism in academic circles. Enrico Moretti, an economics professor at the University of California, Berkeley, notes that AI-related layoffs are more of an excuse for management to correct over-hiring during the pandemic. "Claiming AI-driven efficiency gains is easier than admitting to over-hiring back then," he said. Market pricing also contradicts this narrative: within 30 trading days of announcing layoffs, companies that attributed cuts to AI saw their stock prices underperform the Nasdaq by nearly 10%, while companies laying off for other reasons lagged by only around 4%. Amazon and Microsoft have explicitly stated that AI adoption is not a decisive factor in their layoffs. In contrast to the tech giants’ non-core business contractions, AI-native startups like Anthropic and OpenAI are still rapidly expanding their workforce, driving fast growth in AI sector employment. "What is being cut is merely all other non-core business segments."

1 hours ago

Layer1 project Vanar will begin migrating its infrastructure to Base next Tuesday.

Layer 1 blockchain project Vanar announced that its infrastructure migration to Base will kick off next Tuesday. Users currently staking VANRY must first unstake, wait for the cooldown period to elapse before claiming their tokens. Earlier, Vanar stated that existing VANRY token holders can complete the migration at a 1:1 ratio, with their holding amounts remaining unchanged. Additionally, VANRY’s total supply will rise from 2.4 billion to 10 billion tokens, approximately 62% of which will stay locked during the migration. Once the migration is complete, staking for Vanarchain validators will be halted.

1 hours ago

2035年数据中心将占美国电力消耗的约20%，成为下一个AI瓶颈

U.S. data center power demand is projected to surge by 253% from 2026 levels, reaching a record 194 gigawatts by 2035 — with 1 gigawatt roughly matching the capacity of a traditional nuclear reactor. Currently, data centers consume 6% of the U.S.’s annual electricity; that share is estimated to climb to around 12% by 2030, and will account for roughly 20% of total U.S. electricity consumption by 2035. Most of the growth in U.S. power demand is concentrated in a handful of grid regions, such as the PJM Interconnection, which serves Washington, D.C. and 13 states including Virginia, Pennsylvania and Ohio. Power will be the next AI bottleneck.

1 hours ago

Robinhood Chain's 24-hour network fee revenue reached $350,000, ranking fourth among all blockchains.

According to DeFiLlama data, Robinhood EVM Chain generated $350,000 in 24-hour network fee revenue, ranking fourth among all blockchains, trailing only Canton, Tron, and Solana. Launched on July 1, the Robinhood EVM Chain has seen its total value locked (TVL) quickly rise to $315 million. Though originally designed for on-chain stocks and ETFs, it has emerged as a major hub for meme coin activity.

1 hours ago

Key Takeaways Friday saw Ethereum ETFs experience $70.62 million in net withdrawals, terminating a consecutive five-day period of capital inflows Weekly performance remained positive with $103.9 million in net ETF inflows for ETH, marking the third straight week of gains The ETH/BTC ratio fell to 0.028, marking its weakest position since August of the previous year Blockchain metrics indicate ETH is currently valued beneath its collective cost basis of $2,304, a condition that typically depletes selling pressure Critical bottom indicators including MVRV and exchange deposit volumes haven’t achieved the extreme thresholds that typically signal a definitive price floor Ethereum (ETH) concluded the trading week at $1,837 following net outflows of $70.62 million from US-based spot Ethereum ETFs on Friday, July 25. This marked the end of a consecutive five-day period of positive inflows that had accumulated $211.25 million between July 17 and July 24.

Ethereum (ETH) Price While Friday’s data showed a reversal, the broader weekly picture remained positive with Ethereum ETFs securing $103.9 million in aggregate net inflows. This performance marked the third successive week of positive capital movement. Throughout July, ETH ETFs have accumulated total inflows reaching $337.74 million.

Bitcoin ETFs demonstrated a comparable trajectory, registering $240.08 million in net withdrawals on Friday, concluding a seven-day streak of inflows. BTC hovered slightly below $64,000, retreating from Tuesday’s weekly peak of $66,892.

U.S. Spot Bitcoin and Ethereum ETFs Record Net Outflows on July 24

According to SoSoValue data, spot Bitcoin ETFs recorded total net outflows of $240 million on July 24 (ET). Spot Ethereum ETFs saw total net outflows of $70.62 million on the same day, ending a five-day streak of… pic.twitter.com/qvg2L12fD6

— Wu Blockchain (@WuBlockchain) July 25, 2026

Market analyst Ted (@TedPillows) commented via social media that ETH continues to maintain its position above critical support levels. He observed that Ethereum is demonstrating relative strength versus Bitcoin and suggested the current upward movement may have additional momentum remaining.

ETH has experienced a significant decline from its record peak of $4,946 established last year, reaching as low as $1,400 in June before staging a recovery. The cryptocurrency currently trades approximately 17% beneath its realized price—the mean on-chain acquisition cost for all ETH tokens—which stands at $2,304.

Examining ETH Bottom Formation: The On-Chain Evidence A CryptoQuant analysis published Thursday indicates Ethereum is displaying preliminary indications of a market floor formation, though it hasn’t satisfied all criteria necessary to confirm a durable upward trend.

Source: CryptoQuant The ETH/BTC ratio has contracted to 0.028, representing its weakest reading since August of last year. While this degree of underperformance relative to Bitcoin has historically preceded significant altcoin rallies, market observers emphasize that additional confirmation remains necessary.

The ETH/BTC MVRV ratio has decreased from 0.95 last August to approximately 0.65. According to CryptoQuant’s research, a reliable bottom formation typically materializes when this metric falls beneath 0.45, a threshold observed during 2019-20 and early 2025.

Critical Technical Price Levels for ETH Ethereum is presently challenging its 20-day and 50-day Exponential Moving Averages (EMAs) positioned at $1,839 and $1,831 respectively. A decisive move below these technical indicators could reveal support zones near $1,806, followed by $1,741.

ETH witnessed $67.79 million in liquidations throughout the previous 24-hour period, with long position liquidations accounting for $44.18 million of that total.

However, one indicator is currently suggesting bottom formation. The ETH/BTC relative spot trading volume has contracted from 1.75 in August to approximately 0.5, a threshold that has historically coincided with Ethereum price bottoms.

Institutional ETF demand has also shown signs of shifting, with the ETH/BTC ETF holdings ratio climbing to 0.13 in July following a decline to 0.115 in June.

After 13 straight nights of US strikes on Iranian targets, Washington hit the pause button. President Trump confirmed that diplomatic talks with Tehran are underway, but made clear the military is standing by if negotiations stall.

For crypto markets, the damage is already done. The extended campaign of strikes, centered on threats to shipping routes through the Strait of Hormuz, triggered a classic risk-off flight that drained roughly $80 billion from crypto’s total market capitalization.

What happened and why it matters US Central Command carried out at least 13 consecutive nights of strikes focused on Iranian military capabilities deemed a threat to commercial shipping. The campaign represented one of the most sustained periods of direct US military action against Iran, and it followed the collapse of a ceasefire that had been established in June.

That June ceasefire had briefly calmed nerves across global markets. Its breakdown reignited hostilities and pushed oil prices above $100 per barrel for the first time since May.

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Trump’s messaging has been deliberately dual-track. He’s touting the existence of negotiations while simultaneously reminding Tehran, and the world, that the US military remains on high alert. Temporary pauses in military operations have historically coincided with diplomatic windows involving Gulf allies.

The crypto market fallout During the recent escalation, Bitcoin dropped from around $65,500 to below $64,000. That’s roughly a 2.3% decline that was part of a broader wipeout that saw the entire crypto market shed approximately $80 billion in value. Ethereum wasn’t spared either, with both leading assets falling sharply as traders moved capital out of anything perceived as risky and into traditional safe havens like the dollar and treasuries.

Oil prices surging past $100 per barrel raises the specter of inflation, which raises the specter of tighter monetary policy, which raises the specter of reduced liquidity. Crypto, for all its decentralization ethos, still runs on the same liquidity plumbing as every other risk asset.

Background and broader context Roughly 20% of the world’s oil supply passes through the Strait of Hormuz on any given day. The June ceasefire had offered a brief reprieve, with crypto recovering some lost ground as traders cautiously re-entered positions. The ceasefire’s collapse and the subsequent 13-night strike campaign reversed those gains and then some.

The current conflict gained momentum in late February 2026 with US and Israeli operations, termed Operation Epic Fury, targeting Iranian nuclear and military installations. Iran’s response included the imposition of blockades and tolls on shipping routes, triggering a cycle of strikes, ceasefires, and intermittent hostilities.

What this means for investors The sensitivity of crypto to geopolitical shocks is no longer debatable. Each escalation cycle during this conflict has produced measurable drawdowns in digital asset prices.

Oil prices are the canary in the coal mine here. As long as crude stays above $100, the inflationary pressure narrative keeps traditional finance in a defensive crouch, bleeding directly into crypto through reduced institutional appetite for speculative positions.

Traders should be watching three things in the coming days: whether diplomatic talks produce any concrete framework, whether oil prices retreat from their current elevated levels, and whether Bitcoin can hold the $64,000 level that served as recent support.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

13 mins ago Updated 13 mins ago

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.

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Highlights

The crypto market faces bearish pressure into the weekend as buying pressure eases. Solana tops losses among the top ten coins while DEXE has recovered from its all-time lows with a 90% jump. Robinhood's talks with Crypto.Com and TRUMP Coin's $17M transfer are the biggest news in the market today. The crypto market slipped lower into the weekend, with Bitcoin (BTC) moving below $64,000 while Ethereum (ETH) held $1,800 amid easing buy-side pressure.

Top Movers DeXe (DEXE) is up by 90% today, July 25, to trade at $88 at the time of writing, making it the biggest gainer in the crypto market. The gain follows a massive crash on July 21 where DEXE moved from $41 to $2 amid a $6M transfer by project wallets. DEXE Price Chart (Source: TradingView) Solana (SOL) is the biggest loser among the top-ten crypto market coins with a 2.2% drop to trade at $73.47. Solana’s drop reflects the bearish outlook on Bitcoin and tech stocks amid AI spending fears. ZCash (ZEC) is also down by 5.5% to trade at $478 as selling pressure intensified after the price dropped below the psychological support of $500. Biggest News of the Day Robinhood is in talks with Crypto Com to expand its footprint in the prediction market, per a report by the Wall Street Journal HOOD stock dropped by 6.57% on July 24 despite the partnership news to close trading at $94. HOOD Price Chart (Source: TradingView) The drop follows a recent hack on the X account of Robinhood’s CEO, Vlad Tenev, to promote a fake meme coin. The team behind the TRUMP meme coin has moved $17M TRUMP coins ahead of a potential vote for CLARITY Act before the Senate breaks for recess in August TRUMP meme coin is down 2.62% on the news to trade at $1.55 at the time of writing. Crypto Market Data Total Market Cap: $2.19 trillion (-1.19%) 24-Hour Volumes: $55.11 billion Bitcoin: $64,013 (-1.49%) Ethereum: $1,857 (-1.26%) XRP: $1.09 (-1.32%) Bitcoin Dominance: 58.7% Ethereum Dominance: 10.3% Altcoin Season Index: 53/100 24-Hour Liquidations: $243 million ($214 million in long liquidations & $29 million in short liquidations) Fear and Greed Index: 27 (Fear) What to Watch in the Crypto Market Today The US-Iran war is the main macro factor to watch in the crypto market on July 24. Iran has rejected ceasefire talks and is reportedly ready for the “massive attacks” announced by President Trump. Historical patterns suggest that the conflict usually escalates on the weekend. An escalation could push Bitcoin and altcoin prices lower. Catch up on yesterday’s biggest moves in our Crypto Market Brief for July 24.

Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Frequently Asked Questions (FAQs)

1. Why is the crypto market down today?

The crypto market is down today amid a "fear" snetiment that is making buyers hesitant.

2. What is the biggest news in the crypto market today?

The biggest news in the crypto market today include the ongoing partnership talks between Robinhood and CryptoCom to expand prediction markets.

3. What should traders watch in the crypto market today?

Traders should watch out for escalating geopolitical tensions that could push the prices lower.

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About Author

About Author

Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.

Littelfuse: Evaluating Recent RevenueLittelfuse (LFUS -2.48%) generates revenue primarily by designing and manufacturing electronic components and circuit protection technologies for various transportation and industrial applications.

It outlined its strategic long-term objectives at a May 2026 investor event, and it reported about an 11% net income margin for the quarter ended March 28, 2026.

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Corning: Evaluating Recent RevenueCorning (GLW -6.16%) earns revenue largely by producing specialty glass, optical fiber, and ceramic substrates for telecommunications, displays, and vehicles.

While entering a multiyear commercial partnership to expand domestic manufacturing capacity in May 2026, it recorded an approximately 15% EBIT margin for the quarter ended March 31, 2026.

Why Revenue Matters for Retail InvestorsRevenue here refers to the data provider's standardized income-statement revenue line item, providing investors with a fundamental measure of the total money a business brings in before any expenses are deducted.

Quarterly Revenue for Littelfuse and CorningQuarter (Period End)Littelfuse RevenueCorning RevenueQ2 2024 (period ended June 2024)$558.5 million $3.3 billionQ3 2024 (period ended Sept. 2024)$567.4 million$3.4 billionQ4 2024 (period ended Dec. 2024)$529.5 million$3.5 billionQ1 2025 (period ended March 2025)$554.3 million$3.5 billionQ2 2025 (period ended June 2025)$613.4 million$3.9 billionQ3 2025 (period ended Sept. 2025)$624.6 million$4.1 billionQ4 2025 (period ended Dec. 2025)$593.9 million$4.2 billionQ1 2026 (period ended March 2026)$657.0 million$4.1 billionData source: Company filings. Data as of July 13, 2026.

Foolish TakeRevenue figures can give investors a snapshot of a company’s overall financial health, trajectory, and valuation. The data above can tell us a few things. The most obvious is that Corning is a much bigger business than Littelfuse. Indeed, it sports a $134 billion market cap, compared to Littelfuse’s $10.5 billion. Both companies are also growing their revenue: For the time period in question, Littelfuse’s revenue increased by 17.6%, while Corning’s increased by 24%. What’s remarkable about that is that Corning is showing more revenue growth despite being a much larger company.

Corning is benefiting from the current AI data center boom and boasts partnerships with Nvidia, Broadcom, Meta Platforms, and Amazon, in addition to its long-standing relationship with Apple to supply the glass for iPhones. That’s a pretty impressive moat that captures both ongoing stability and current market trends.

Yet Littelfuse posted a revenue gain in Q1, while Corning’s revenue declined. One quarter of reporting doesn’t make a trend, but interested investors may want to do a deeper dive into the companies’ quarterly results for specifics. If Littelfuse can accelerate its revenue growth and continue to close the gap with Corning, it could be a worthy investment, despite its smaller size.

Both Corning and Littelfuse could be affected by cyclicality in the technology, transportation, and industrials markets, which are affected by economic cycles, tariffs, oil prices, and other macroeconomic factors. Investors should consider both companies’ net income margins, which indicate how much of each dollar earned converts into profit after expenses, taxes, and interest. Ongoing and future partnerships will also be something to watch here, as they can give investors visibility into future revenue as well as overall market demand.

Sarah Sidlow has positions in Apple, Meta Platforms, and Nvidia. The Motley Fool has positions in and recommends Amazon, Apple, Broadcom, Corning, Meta Platforms, and Nvidia. The Motley Fool has a disclosure policy.

Reddit remains a strong buy despite a 14% decline since my last coverage and underperformance versus the benchmark. RDDT has consistently beaten analyst estimates and accelerated revenue growth, posting a 69% top-line expansion last quarter. EPS surged over 7x year-over-year, from $0.13 to $1.01, reinforcing confidence in management and operational momentum.

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For months, Hong Kong’s compliant crypto trading environment has largely kept retail brokerage access under tight wraps. That changed on Friday—at least for a subset of the market—when Futu Securities, the city’s largest retail brokerage, rolled out BNB order-book trading pairs. As the original report noted, the service is available only to Hong Kong-qualified Professional Investors, a designation that typically requires a portfolio of at least HK$8 million. Futu itself stated it is the first licensed brokerage in Hong Kong to offer real-time BNB trading through an order book.

The move lands at a moment when BNB Chain continues to rank among the most active ecosystems by developer engagement. In a recent developer activity snapshot, the chain appeared alongside Ethereum and Polygon, signaling sustained technical momentum that now has a new, regulated on-ramp for well-capitalized participants.

A Calculated Step in Hong Kong’s Crypto Framework Hong Kong’s virtual asset licensing regime has moved at its own deliberate pace. The Securities and Futures Commission has approved a small number of trading platforms, mandating strict investor protection measures. By limiting BNB order-book trading to Professional Investors, Futu is testing the framework without extending full retail exposure. That structure mirrors how other regulated entities have approached initial crypto offerings in the city—starting with institutions and high-net-worth individuals before any broader rollout.

The brokerage’s claim to be first in this specific niche matters less for bragging rights than for what it says about custodial and liquidity infrastructure. Running an order book for a non-stablecoin crypto asset inside a licensed environment means the firm has satisfied compliance standards around asset custody, real-time data feeds, and transaction monitoring. Whether that template gets replicated across other large-cap tokens will now depend on how smoothly the BNB product performs and how regulators react.

What BNB Chain Gains From Regulated Exposure BNB has long been one of the most liquid tokens in the crypto market, but its trading volume has been concentrated on offshore exchanges and on-chain decentralized venues. Having a licensed brokerage provide order-book depth could gradually attract a different class of participant—family offices, asset managers, and professional trading firms that require regulatory cover before committing capital.

This also ties into broader institutional trends. Recent institutional tokenization developments show that regulated market infrastructure is becoming a serious theme across jurisdictions. Futu’s launch is not an isolated event; it sits alongside a growing list of traditional finance gateways into crypto, from tokenized Treasuries to bank-grade settlement pipelines.

Liquidity and the Professional-Only Hurdle The most obvious question is how much volume a Professional Investor-only product will generate. Trading activity on similar restricted offerings in other markets has often been modest, with early adopters using them more for price discovery than for large-scale execution. Without broader retail access, the order book might stay thin, limiting the value of real-time data for professional traders who rely on depth to size positions.

Still, the infrastructure is now live. If volumes pick up and client interest proves durable, Futu could push to expand eligibility—a step that would require further regulatory dialogue. For BNB Chain, the benefit is less about immediate trading volumes and more about cementing its place in the investable universe of licensed Asian brokerages.

Hong Kong’s next move will be watched by other regional players. Several brokerages across Asia have been weighing similar launches but have hesitated due to compliance complexity. If Futu’s order book operates without friction, it may lower the perceived risk for others to follow. The BNB trading pairs are currently a niche product, but they open a door that many in the market have been waiting for.

AUTHOR

Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.

Changxin's pre-IPO price drops to $6, corresponding to an RMB share price of 40.62 yuan on its first day of listing.

According to Hyperinsight’s monitoring, the Pre-IPO contract price of CXMT (Changxin Memory Technologies, whose listed entity is Changxin Technology) on Hyperliquid has fallen to $6, with a more than 5.7% drop in 24 hours. The corresponding RMB share price stands at 40.62 yuan. Calculated based on the post-issue total share count of 66.881 billion shares, the on-chain implied market capitalization is approximately $400 billion, equivalent to around 2.7 trillion yuan. At this valuation, the subscription cost per lot of 500 shares for retail investors who win the online application is 4,330 yuan. The estimated market value of 500 shares on the first day of listing is 20,310 yuan, translating to a profit of roughly 16,000 yuan per lot.

1 hours ago

The latest draft of the CLARITY Act includes an incentive clause for white hat hackers, proposing to offer rewards to individuals who identify security vulnerabilities.

The latest draft of the U.S. Senate’s Cryptocurrency Market Structure Act (the CLARITY Act) includes provisions encouraging white hat hackers to responsibly disclose cybersecurity vulnerabilities, proposing to authorize rewards for individuals who identify and report such flaws to bolster protection for digital asset infrastructure before they are maliciously exploited. The provision incorporates the views of former CFTC Chairman J. Christopher Giancarlo, a long-time advocate for digital asset innovation.

1 hours ago

US tech giants have cut nearly 140,000 jobs this year, with the four leading players' AI capital expenditure totaling $725 billion.

According to statistics from the Financial Times in partnership with Challenger, Gray & Christmas, U.S. tech industry layoffs since 2026 have accounted for more than one-third of all announced layoffs nationwide. Amazon, Oracle, Meta and Microsoft alone have cut nearly 50,000 jobs, roughly 6% of their total workforce. In sharp contrast, Amazon, Alphabet, Meta and Microsoft are projected to invest a combined $725 billion in AI infrastructure such as data centers this year. After laying off staff in March, Oracle’s total headcount dropped by 21,000 for the full year; this month, S&P downgraded its credit rating, citing weak cash flow and uncertain AI returns. Microsoft cut 4,800 jobs this month, mainly in its Xbox gaming division, essentially a full reset of its $75 billion acquisition of Activision Blizzard three years ago. The narrative that "AI causes layoffs" is met with skepticism in academic circles. Enrico Moretti, an economics professor at the University of California, Berkeley, notes that AI-related layoffs are more of an excuse for management to correct over-hiring during the pandemic. "Claiming AI-driven efficiency gains is easier than admitting to over-hiring back then," he said. Market pricing also contradicts this narrative: within 30 trading days of announcing layoffs, companies that attributed cuts to AI saw their stock prices underperform the Nasdaq by nearly 10%, while companies laying off for other reasons lagged by only around 4%. Amazon and Microsoft have explicitly stated that AI adoption is not a decisive factor in their layoffs. In contrast to the tech giants’ non-core business contractions, AI-native startups like Anthropic and OpenAI are still rapidly expanding their workforce, driving fast growth in AI sector employment. "What is being cut is merely all other non-core business segments."

1 hours ago

Layer1 project Vanar will begin migrating its infrastructure to Base next Tuesday.

Layer 1 blockchain project Vanar announced that its infrastructure migration to Base will kick off next Tuesday. Users currently staking VANRY must first unstake, wait for the cooldown period to elapse before claiming their tokens. Earlier, Vanar stated that existing VANRY token holders can complete the migration at a 1:1 ratio, with their holding amounts remaining unchanged. Additionally, VANRY’s total supply will rise from 2.4 billion to 10 billion tokens, approximately 62% of which will stay locked during the migration. Once the migration is complete, staking for Vanarchain validators will be halted.

1 hours ago

2035年数据中心将占美国电力消耗的约20%，成为下一个AI瓶颈

U.S. data center power demand is projected to surge by 253% from 2026 levels, reaching a record 194 gigawatts by 2035 — with 1 gigawatt roughly matching the capacity of a traditional nuclear reactor. Currently, data centers consume 6% of the U.S.’s annual electricity; that share is estimated to climb to around 12% by 2030, and will account for roughly 20% of total U.S. electricity consumption by 2035. Most of the growth in U.S. power demand is concentrated in a handful of grid regions, such as the PJM Interconnection, which serves Washington, D.C. and 13 states including Virginia, Pennsylvania and Ohio. Power will be the next AI bottleneck.

1 hours ago

Robinhood Chain's 24-hour network fee revenue reached $350,000, ranking fourth among all blockchains.

According to DeFiLlama data, Robinhood EVM Chain generated $350,000 in 24-hour network fee revenue, ranking fourth among all blockchains, trailing only Canton, Tron, and Solana. Launched on July 1, the Robinhood EVM Chain has seen its total value locked (TVL) quickly rise to $315 million. Though originally designed for on-chain stocks and ETFs, it has emerged as a major hub for meme coin activity.

1 hours ago

It's been a tough year for NuScale Power (SMR -8.17%) investors. Since 2026 began, shares of the popular nuclear energy stock have fallen by roughly 45%.

NuScale's market cap is now down to just $3.2 billion. That looks like a bargain compared to the company's growth potential. Bank of America believes nuclear energy will be a $10 trillion opportunity in the coming decades. Small modular reactors, or SMRs -- the exact nuclear technology that NuScale specializes in -- are expected to take a big share of that opportunity.

NuScale's stock price has struggled in 2026 for several reasons. The biggest, perhaps, has been a lack of tangible catalysts. NuScale has several impressive opportunities in its project pipeline, but there hasn't been much traction in converting these deals into revenue-generating assets.

NuScale's biggest project is a 6 GW system intended for the Tennessee Valley Authority (TVA), a major utility serving the eastern U.S. The deal between NuScale and TVA was signed in September 2025. At the time, NuScale's stock price hovered around $40 per share. At least from a headline perspective, there has been little progress on the deal since, sending NuScale's stock price below $10 earlier this month.

But there's good news: A major catalyst for NuScale's TVA project should be arriving soon. This catalyst is so meaningful that it wouldn't be surprising to see NuScale shares double as the catalyst approaches.

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Here's the growth catalyst NuScale Power investors should be monitoring closely Right now, the deal between NuScale and TVA is largely non-binding. The next step would be to sign a power purchase agreement (PPA). This agreement would commit TVA to buy power from NuScale's SMR system at a predetermined price for years, or even decades, to come. In short, it guarantees that NuScale will generate revenue from the nuclear project, allowing it to begin construction.

Image source: Getty Images.

In May, NuScale's management team noted that it remains very bullish on signing a PPA agreement with TVA by the end of 2026.

"ENTRA1 [NuScale's financing partner, which will be the party that actually signs the PPA with TVA] has updated us the discussions with TVA are advancing well toward a definitive PPA," NuScale's CEO revealed on a call with investors. "We remain highly encouraged by the progress and the strategic alignment between ENTRA1, TVA, and NuScale."

NuScale's CFO was even more specific. "We're hopeful that TVA can come across the line at some point later this year," he added. "We believe that's a strong possibility."

There is no guarantee that a PPA will be signed before the end of 2026. And to be clear, NuScale has failed to meet its own guidance in the past. But it is hard to overstate how valuable a signed PPA would be for the company.

With its stock price tumbling, NuScale's access to capital is growing more limited and costly. If the company's biggest project gets a firm revenue pathway, expect shares to rebound aggressively. A PPA not only improves access to capital, but it would also be a huge vote of confidence in the viability of the reset of NuScale's project pipeline.

Artificial intelligence has become the biggest growth story in global technology, but this week's earnings from Alphabet and Tesla have reminded investors that building the infrastructure behind that boom is becoming increasingly expensive.

And, investors are not okay with this.

While both companies reported robust revenue growth and highlighted expanding demand for AI-related products and services, their results also reinforced concerns that the industry's largest players are spending at an unprecedented pace, squeezing free cash flow and raising questions about when those investments will begin generating meaningful financial returns.

The concern was evident immediately after the results.

Alphabet shares fell 7.1% on Thursday, while Tesla plunged 14.5%, marking the electric vehicle maker's worst single-day decline since March 2025.

The sharp market reaction has also set the tone for the next wave of Big Tech earnings, with Microsoft, Meta Platforms and Amazon due to report next week.

Investors are expected to closely examine not only revenue growth but also whether AI spending is accelerating faster than profits.

Tesla delivers record revenue growth but margins remain under pressureTesla's second-quarter report illustrated the growing divide between strong top-line expansion and increasing costs.

Revenue rose 26% year over year to $28.2 billion, comfortably exceeding the company's compiled consensus estimate of $27.6 billion.

Vehicle deliveries also reached a record 480,126 units during the quarter, up 25% from a year earlier.

Automotive revenue increased 23% to $20.5 billion, while energy generation and storage revenue climbed 13% to $3.1 billion.

Despite those gains, profitability deteriorated significantly.

Adjusted earnings came in at 33 cents per share, well below analyst expectations of 55 cents.

Operating expenses surged 47% to $4.4 billion, including a 49% jump in research and development spending to $2.4 billion.

Operating income declined 57% year over year to $398 million, leaving Tesla with an operating margin of just 1.4%, compared with 4.1% during the same period last year.

The biggest concern for investors was capital expenditure.

Tesla increased capex by 142% from a year earlier to $5.8 billion during the quarter, pushing free cash flow to negative $1.1 billion.

The company also said it expects to spend more than $25 billion in capital expenditures this year.

Chief Executive Elon Musk sought to reassure investors that the elevated spending reflects investments designed to transform Tesla beyond electric vehicles.

"This is a massive capex year. I'm confident that all the things that we're investing in will yield incredible returns. Really, maybe the best capex returns that we've ever seen," Musk said during the earnings call.

Much of that investment is being directed toward Tesla's next-generation semiconductor production capabilities and its Optimus humanoid robot programme.

The company said it is "installing the first-generation lines for Optimus" and expects production to begin soon.

For Musk, those initiatives represent future revenue streams that could ultimately outweigh the near-term financial pressure currently weighing on margins.

Alphabet posts record cloud growth but spending dominates investor attentionAlphabet delivered another quarter of exceptional cloud performance, but investors focused instead on the scale of the company's AI investment plans.

Google Cloud revenue surged 82% year over year to $24.8 billion during the quarter ended June, significantly outperforming analysts' expectations of approximately 64% growth, according to LSEG.

The performance reinforced Google's growing position in enterprise AI infrastructure, with cloud demand continuing to accelerate as businesses expand adoption of generative AI applications.

However, those strong results were overshadowed by another increase in capital expenditure guidance.

Chief Financial Officer Anat Ashkenazi said Alphabet now expects capital expenditure of between $195 billion and $205 billion during 2026, compared with previous guidance of $180 billion to $190 billion.

The revised outlook also exceeded analysts' expectations of roughly $188 billion, according to Visible Alpha.

Perhaps more striking was Alphabet's free cash flow.

The company reported negative free cash flow of $5.9 billion during the quarter, reversing nearly $25 billion in positive free cash flow generated during the same period a year earlier.

Alphabet executives argued the spending increase simply reflects overwhelming customer demand.

"The increase in the range is primarily due to an acceleration in the delivery of capacity to meet growing demand," Ashkenazi told analysts.

She said Google continues to face supply constraints despite multiple quarters of infrastructure expansion.

"We're still in a supply-constrained environment," she said. "I think we've said this now for multiple quarters in a row, and we are seeing very strong demand both from external cloud customers as well as across the business."

Ashkenazi, however, acknowledged that free cash flow will likely remain under pressure as Alphabet continues building technical infrastructure.

"We expect the free cash flow will remain under pressure, driven by our investments in technical infrastructure, which enables us to capitalize on the AI opportunity and continue to drive attractive returns," she said.

While operational performance received widespread praise, analysts questioned how sustainable current spending levels may become.

Bloomberg Intelligence analyst Mandeep Singh said Alphabet's financial results left little room for criticism operationally but warned that future capital expenditure could keep cash flow negative.

"Right now they are probably $10 billion-$15 billion free cash flow for this year, next year if this goes to $300 billion there is no way they're going to be positive free cash flow," Singh said on a Bloomberg Podcasts episode.

He argued that investors increasingly want stronger earnings contributions from Search, YouTube and Alphabet's other businesses instead of relying primarily on Google Cloud.

Thomas Monteiro, senior analyst at Investing.com, expressed similar concerns.

"After a negative cash flow quarter, the new raise in capex does not sit well for Alphabet," he said.

"The market's most reliable cash generators are now spending more than they bring in. As long as revenue keeps accelerating, investors will tolerate it. But capital has a real cost again, and the room for error is shrinking every quarter."

The spending surge reflects a broader transformation underway across the technology sector.

For years, companies such as Alphabet, Microsoft, Meta and Amazon generated enormous free cash flow that comfortably funded acquisitions, buybacks and new product development.

The AI race has changed that equation.

Industry capital expenditure is expected to exceed $700 billion this year as companies rapidly expand data centres, purchase AI chips and develop proprietary infrastructure.

As a result, investors are becoming less focused on revenue growth alone and increasingly attentive to whether AI-related investments can ultimately produce returns that exceed their cost.

That shift is expected to dominate discussions when Microsoft, Meta and Amazon publish earnings next week.

Alphabet's results have heightened expectations that rival technology companies could also increase investment plans.

Both Meta and Amazon shares declined alongside Alphabet following Wednesday's report.

"The risk is tilted towards further increases, particularly while Microsoft and others remain capacity-constrained," said Charu Chanana, chief investment strategist at Saxo Markets.

"But investors will increasingly focus on how much of that cash must be reinvested simply to remain competitive — and whether AI revenue can grow faster than capital expenditure, depreciation and operating costs."

Consensus estimates suggest Alphabet and Amazon could continue burning cash into 2026, while Meta's free cash flow is expected to decline 95.7% to just $1.9 billion.

Microsoft is forecast to generate $25.4 billion in free cash flow during its current fiscal year ending next June, compared with an estimated $58.7 billion during the previous financial year.

Meanwhile, capital expenditure relative to revenue is projected to rise sharply across the sector.

Meta's capex-to-revenue ratio is expected to increase to 54.9% from 35.9%, Alphabet's to 41% from 23%, Microsoft's to 45% from 31%, and Amazon's to 25% from 18%.

The latest earnings also underscored shifting competitive dynamics within cloud computing.

Google Cloud's 82% revenue growth substantially outpaced expectations and highlighted the division's rapid expansion.

Alphabet executives said customer demand has become so strong that the company plans to rent additional third-party data centre capacity despite the negative impact on margins.

Analysts say the performance raises pressure on both Amazon Web Services and Microsoft Azure.

AWS is expected to report revenue growth of 31.04%, accelerating from 28.4% during the previous quarter.

Microsoft Azure is forecast to deliver growth of 39.98%, broadly matching the prior quarter's 40%.

Competition could intensify further after reports that Meta is discussing renting computing capacity to Anthropic, adding another major buyer to an increasingly crowded AI infrastructure market.

"As compute becomes more available and models become cheaper, cloud capacity may look increasingly interchangeable. That could force providers to spend more while accepting lower returns," said Lale Akoner, global market strategist at eToro in a Reuters report.

Although not part of the so-called Magnificent Seven, Intel also reinforced the industry's AI narrative this week.

The chipmaker reported better-than-expected second-quarter results, recording its fastest revenue growth since 2011 as demand for server processors benefited from AI infrastructure spending.

Shares initially rose following the announcement before retreating during Friday's trading session.

"AI is driving unprecedented demand for compute," Intel Chief Executive Lip-Bu Tan said.

"As we continue to execute, Intel is well-positioned to capture sustainable growth across our CPU franchise."

The mixed reaction across the sector suggests investors remain supportive of AI's long-term potential but are becoming increasingly selective about how much they are willing to pay for that growth while companies continue pouring hundreds of billions of dollars into infrastructure.

Super Micro Computer (SMCI -3.53%) shares surged nearly 20% on July 22 after the company pre-announced strong preliminary results. While its second-quarter revenue is expected to come in toward the low end of its $11 billion to $12.5 billion range, that is still about double the revenue it generated a year ago. More importantly, it projected that its gross margins would rise to a range of 15% to 17%, well above its 8.2% to 8.4% guidance.

Supermicro, which designs and assembles servers and rack solutions for data centers, has struggled with margins, so this is a piece of welcome news. However, this is generally a low-margin business, and the surprising jump in margins is likely largely due to supply shortages.

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There have been shortages of key AI infrastructure components for things like memory, central processing units (CPUs), and graphics processing units (GPUs), so hyperscalers and enterprises that want complete systems right away are more likely to pay up for a complete system from an integrator. A shift toward enterprise or sovereign clients, which have less buying power, can also positively impact margins.

That said, this dynamic could be temporary, and Supermicro is still, by and large, a low-margin middleman. It also has a history of controversy, and its offices in Taiwan were raided at the end of June, related to employees smuggling chips to China. So instead of owning Supermico shares, I think buying Nvidia (NVDA -1.01%) is the much safer and smarter bet.

Image source: The Motley Fool.

Nvidia is the better stock to own

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Supermicro and most other integrators build their servers around Nvidia GPUs, so the strong demand it is seeing and its ability to boost margins speak volumes to the current high-demand environment for Nvidia's chips and components. In fact, this can be a great leading indicator.

When looking at where most of the value resides, this is with Nvidia and its GPUs. Supermicro is largely passing along high GPU prices to its customers; that's why its revenue is so high and its gross margins are generally low. Nvidia, on the other hand, has gross margins around 75%. So, what is good news for Supermicro is ultimately even better news for Nvidia, and you are getting a much more attractive company in Nvidia with a lot less controversy.

As Supermicro's preliminary Q2 numbers show, there is no current let-up in demand for AI infrastructure. At the same time, earlier commentary and an increase in capex from leading foundry Taiwan Semiconductor Manufacturing also point to strong long-term demand. With the king of AI infrastructure trading at a forward P/E of only 16 times fiscal 2028 (ending January 2028) estimates, investors don't need to overthink this and can just buy the stock of the high-quality market leader.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Triple-A, a global fiat-to-crypto payment gateway, has become the latest victim of a multimillion-dollar hack. Blockchain security firm Peckshield reports that more than $9.7 million was drained after attackers drained its hot wallets across Ethereum, Solana, TRON, and TON.

Here’s how the attack happened.

Triple-A Hot Wallets Drained Across Multiple NetworksPeckshield reported that the exploit targeted Triple-A’s hot wallet infrastructure, affecting Ethereum, Solana, TRON, TON, Polygon, and Arbitrum.

According to the investigation, attackers stole over $9.7 million worth of crypto before swapping the assets and bridging them to Ethereum. 

Blockchain records show the wallet currently holds 5,226.66 ETH, worth roughly $9.72 million. 

Most of the stolen funds were transferred on July 24 and July 25.The largest single transaction moved 4,140 ETH into the wallet.Additional deposits included 615 ETH, 157 ETH, 112 ETH, 100 ETH, 72 ETH, and 23 ETH.After receiving these transfers, the attacker consolidated the funds into a single Ethereum wallet (0x01F…253b1).

How the Triple-A Exploit Happened?Security researchers believe the attacker first gained control of Triple-A’s internet connected hot wallets, which are commonly used to process customer payments quickly.

After gaining access, the hacker focused on stealing stablecoins and other liquid assets, then rapidly swapped them on decentralized exchanges. 

Meanwhile, the stolen funds were then bridged to Ethereum, making it easier to consolidate the assets into one wallet.

No Official Response YetIt’s been more than 8 hours, and Triple-A has not released an official statement explaining the incident or confirming the exact cause of the exploit.

Security experts say companies handling large amounts of customer funds should strengthen wallet management, improve private key protection, and reduce the amount of assets kept online to limit future losses.

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Read the Next News

Across Protocol’s Risk Labs-operated relayer lost less than $4 million after an attacker fabricated $41.7 million in Solana deposit events, according to a post-incident report released by the cross-chain protocol.

Summary

1,627 fake deposits worth $41.7 million targeted 18 chains during the Solana attack. Risk Labs’ relayer paid $4.5 million across 581 fraudulent requests before suspending service. Around $500,000 in attacker funds remained trapped, reducing the net loss below $4 million. Across restored Solana transfers through CCTP, while user funds and the ACX buyback remained unaffected. Across attacker forged 1,627 Solana deposits The attack occurred between 05:07 and 06:14 UTC on July 17, according to the Across Protocol post-mortem. The attacker used 1,627 single-use Solana wallets to create the same number of fake deposit events.

Those deposits carried a combined face value of approximately $41.7 million and requested payments across 18 destination chains. Across reported that the funds were directed toward one recipient address on an Ethereum Virtual Machine-compatible network.

Risk Labs’ relayer filled 581 requests before Across stopped Solana operations. Those payments represented about 35.7% of the fraudulent requests but only 10.8% of their stated value.

The relayer advanced approximately $4.5 million of its own capital. Across invalidated the remaining 1,046 requests, preventing about $37 million in additional payouts.

Approximately $500,000 belonging to the attacker remained trapped within the protocol. Across deducted that amount from the gross payout to place its net loss below $4 million.

Why Across users avoided the relayer loss Across attributed the breach to a flaw in Risk Labs’ off-chain event-reading software rather than a vulnerability in its smart contracts. The protocol also reported that the attacker did not compromise the Solana network.

Across uses relayers that advance their own assets to complete cross-chain transfers before claiming repayment. That structure left Risk Labs’ relayer responsible for the loss instead of users who had submitted legitimate transactions.

All valid transfers were completed or fully refunded on July 17, according to Across. The protocol’s website shows that it has processed more than $34 billion in transfers without reporting a loss of user funds.

The incident differed from the Lien Finance exploit reported by crypto.news on July 24. SlowMist found that Lien’s attacker exploited a smart contract validation flaw to mint unsupported bond tokens and withdraw approximately 542,144.63 USDC.

crypto.news also reported that a wallet linked to the $285 million Drift Protocol exploit moved 23,095.1 ETH, worth about $44.4 million, through Tornado Cash on July 23 and July 24. Together, the incidents involved separate attack methods: off-chain software failure at Across, faulty contract logic at Lien, and post-exploit laundering tied to Drift.

What the CCTP shift means for US users Across restored Solana service in approximately 12 hours by routing transfers through Circle’s Cross-Chain Transfer Protocol. The protocol reported that its engineers deployed the root-cause fix about five hours after the attack.

The change has a direct U.S. connection because Circle issues USDC and operates CCTP. Circle states that CCTP burns native USDC on the source network and mints the same amount on the destination network without using traditional bridge liquidity pools or third-party fillers.

For U.S. users moving USDC to or from Solana, the fallback allowed transfers to resume without relying on the affected Risk Labs event reader. The Across breach did not involve USDC’s reserves or Circle’s minting contracts, according to the protocol’s findings.

The shift also comes after the United States established its first federal payment-stablecoin framework through the GENIUS Act. The law requires permitted issuers to maintain qualifying reserves and publish regular disclosures, according to a White House fact sheet. Those rules govern stablecoin issuers rather than the separate relayer software that caused the Across loss.

ACX buyback remains unchanged ACX traded near $0.041 after the post-mortem, with a market capitalization of about $29 million, according to CoinGecko. The token remained more than 97% below its all-time high.

Across stated that the loss would not affect its planned ACX token buyback. However, the protocol did not disclose whether Risk Labs would change its relayer funding, monitoring systems or operating limits.

Solana order flow remains routed through CCTP. Across has not provided a timeline for returning to its earlier routing system or announced the recovery of any additional funds.

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.

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Key Takeaways Suspicious withdrawals exceeding $9.7 million were detected from Triple-A’s hot wallets spanning several blockchain networks The breach affected Ethereum, Solana, TRON, and TON, with potential involvement of Polygon and Arbitrum The alleged attacker converted stolen assets into roughly 5,226.66 ETH and moved them to Ethereum Triple-A remains silent on whether the incident occurred and if user deposits are compromised The Singapore-based firm operates under payment licenses across the United States, European Union, and Singapore A suspected security breach targeting Triple-A, a Singapore-headquartered stablecoin payment infrastructure provider, has resulted in unauthorized withdrawals exceeding $9.7 million from the company’s hot wallets, according to blockchain security researchers monitoring on-chain activity.

⚠️ALERT: Triple-A wallets are under an apparent active exploit with over $9.7M drained.

Onchain analyst Specter has flagged suspicious outflows from Triple-A hot wallets across TRON, Ethereum, Polygon, and Arbitrum, with the stolen assets consolidated into 5,227 ETH.

Triple-A… pic.twitter.com/1RykKuPGwA

— Coin Bureau (@coinbureau) July 25, 2026

Blockchain investigator Specter initially identified the anomalous fund movements. Cybersecurity firm PeckShield subsequently confirmed the findings, with damage assessments climbing from an early estimate of $9.3 million to more than $9.7 million as additional transactions were discovered.

Assets Drained From Six Blockchain Networks The unauthorized withdrawals targeted wallets operating on Ethereum, Solana, TRON, and TON blockchains. Additional evidence suggests Polygon and Arbitrum may also have been compromised, potentially expanding the attack surface to six separate networks.

Following extraction, the stolen digital assets underwent conversion and cross-chain bridging operations before landing on Ethereum. The destination wallet contained approximately 5,226.66 ETH when security analysts flagged the activity.

Converting multiple tokens into ETH represents standard procedure following cross-chain breaches, as it simplifies the movement of disparate assets through a single, liquid cryptocurrency.

The variance between initial and updated loss figures likely stems from ongoing transfers or fluctuations in Ethereum’s market value during the incident window.

Triple-A’s Business Operations and Official Silence Triple-A delivers payment processing solutions enabling businesses to accept, exchange, and disburse funds through stablecoin rails and conventional banking channels. Its product suite encompasses point-of-sale integrations, enterprise payment systems, and international money transfers.

The firm maintains regulatory approval across multiple jurisdictions, including American, European, and Singaporean territories. It secured Major Payment Institution status from Singapore’s Monetary Authority and became part of Circle Payments Network during March 2026.

Triple-A has issued no official acknowledgment of the security incident. The company has not revealed how unauthorized access occurred, the timeline of suspicious activity, or whether client assets face exposure.

Fireblocks serves as Triple-A’s digital asset custody provider. Currently available information contains no indication that Fireblocks infrastructure suffered any compromise.

Attacker Identity Unknown, Customer Impact Unclear Security analysts have not publicly attributed the attack to any specific threat actor. No confirmed reports indicate whether the consolidated funds subsequently moved through cryptocurrency exchanges or privacy-enhancing mixing services.

Absent official disclosure or forensic analysis, this incident remains classified as a suspected hot wallet security failure rather than a verified smart contract vulnerability.

Triple-A has not announced whether it has paused deposit acceptance, withdrawal processing, or cross-blockchain transfer capabilities in response to the suspected breach.

This event occurs separately from a July 17 attack wherein an adversary generated fraudulent Solana deposit records targeting Across Protocol. That unrelated incident caused losses below $4 million after Across suspended Solana integration. No connection exists between the two security breaches.

Stakeholders await Triple-A’s official response addressing the verified loss amount, the attack vector employed, and whether the company intends to reimburse impacted users.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Intuit To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Intuit between August 22, 2025 and May 20, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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New York, New York--(Newsfile Corp. - July 25, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Intuit Inc. ("Intuit" or the "Company") (NASDAQ: INTU) and reminds investors of the September 8, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) they had overstated Intuit's competitive advantages and growth, as well as the overall strength and sustainability of its business model and operations; (2) in reality, Intuit was losing significant business in its tax-related business, particularly in its Turbo Tax business, as a result of, inter alia, increasing competitive and pricing pressures; (3) accordingly, Intuit's previously issued FY 2026 TurboTax revenue growth guidance was unreliable and/or unrealistic; and (4) as a result, Defendants' public statements were materially false and misleading at all relevant times.

On May 20, 2026, Intuit released its fiscal Q3 2026 financial results, which included its 2026 tax season revenue. Intuit stated that it "did not have the overall tax season we expected" and that it "faced pressure among the most price-sensitive DIY filers." Intuit said that "[w]e [lost] on price," and revealed that the Company needed to evolve its business model by delivering the right lineup and price points to meet simple filers' needs at the low end. Intuit also announced that TurboTax online paying units were expected to grow by only 2% as total IRS filers were expected to decline by approximately 30 basis points, representing the "most significant industry-wide contraction since the post-COVID tax season."

On this news, Intuit's stock price fell $76.86 per share, or 20.02%, to close at $307.07 per share on May 21, 2026.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Intuit's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Intuit class action, go to www.faruqilaw.com/INTU or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Frequently Asked Questions (FAQ) for Investors Regarding the Intuit Securities Class Action Lawsuit:

What is the Intuit securities fraud lawsuit about?

The lawsuit alleges Intuit misled investors by overstating TurboTax growth, competitive strength, and FY2026 guidance while failing to disclose increasing pricing and competitive pressures.

Who may be eligible to participate in the lawsuit?

Investors who purchased Intuit (NASDAQ: INTU) securities between August 22, 2025 and May 20, 2026 may be eligible if they suffered losses.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff represents the proposed class. Eligible investors must file a motion with the court by September 8, 2026. Participation does not require serving as lead plaintiff.

What should investors do if they purchased Intuit stock during the Class Period?

Investors should review their transactions and consider consulting counsel regarding their legal rights, participation in the lawsuit, or seeking lead plaintiff status.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi has represented investors since 1995 and recovered hundreds of millions of dollars. The firm offers free evaluations of potential securities fraud claims.

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Intuit securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306275

Source: Faruqi & Faruqi LLP

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Shiba Inus are once again getting close to a significant milestone that seemed unattainable only a short time ago. Exchange reserves have fallen to about 86.1 trillion SHIB, according to the most recent on-chain data, putting the network dangerously close to dropping below the 100 trillion threshold, a level that previously seemed unachievable given the massive circulating supply. 

Shiba Inu's centralized effortExchange reserves show how much SHIB is kept on centralized trading platforms. When that balance drops, it usually means that investors are taking tokens out of their private wallets, which lowers the amount of liquidity that can be sold right away. The longer-term trend has been steadily declining, despite the daily change being relatively small at about -0.17%. 

SHIB/USDT Chart by TradingViewThat story is supported by the more comprehensive exchange flow data. At about -145 billion SHIB, the total exchange netflow is still extremely negative, indicating that more tokens are leaving exchanges than are entering them. Additionally, daily exchange outflows are greater than inflows, indicating that holders continue to prefer self-custody over getting assets ready for sale. 

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In essence, declining exchange balances tend to sustain bullish conditions over time since fewer coins are available if demand starts to pick up speed. Unfortunately for bulls, this improving supply dynamic has not yet been reflected in price. SHIB is still stuck in a long-standing downtrend that has lasted for months, trading close to $0.0000041. All major moving averages are still pointing downward. 

Shiba Inu's momentumThe token trades below the 26-day, 50-day, and 100-day exponential moving averages, while the 200-day moving average is still much higher, demonstrating the continued dominance of bearish momentum. A number of attempts at recovery have also been rendered invalid by recent price action. Before SHIB could reach a higher high, earlier consolidation patterns eventually broke to the downside, with sellers consistently defending each rally. 

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The most recent candles are still printing lower lows, indicating that the overall trend is still in place. Momentum indicators provide little encouragement. The RSI is currently at 38, comfortably below the neutral 50 level despite a minor rebound from oversold territory. This implies that although selling pressure has somewhat subsided, buyers have not created enough momentum to buck the current downward trend. 

Technical performance and on-chain fundamentals diverge in an intriguing way as a result. Tokens are being removed from exchanges by on-chain investors, which is gradually lowering the liquid supply and bringing reserves closer to the psychologically significant 100 trillion SHIB milestone.