Marine Le Pen, leader of France’s National Rally, faces significant challenges as Brussels’ investigation into her alleged misuse of European Parliament funds could impede her candidacy in the 2027 presidential election. Le Pen, who was convicted in 2025 for embezzling €3 million intended for parliamentary aides, is appealing the verdict that bars her from public office for five years. The investigation and her ongoing legal battles could affect her eligibility, with the Paris Court of Appeal expected to deliver a verdict by the summer of 2026. Markets appear to be adjusting expectations for her candidacy accordingly.
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Key Takeaways Market pricing suggests that the Brussels investigation may significantly hinder Marine Le Pen’s prospects in the 2027 French presidential election. Current market odds for Le Pen winning the election have shown decreases, reflecting the potential impact of her ongoing legal issues. The National Rally may need to pivot to Jordan Bardella as a candidate if Le Pen remains ineligible. What to Watch Observers should monitor the upcoming verdict from the Paris Court of Appeal, as an upheld conviction would maintain Le Pen’s ineligibility. Additionally, any shifts in National Rally’s strategy, including a formal endorsement of Jordan Bardella, could further alter market expectations. Developments in Le Pen’s appeal process and subsequent legal outcomes remain critical to her candidacy outlook.
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Term Structure
Contract Odds Δ since publish Volume 24h 2027 8.5% — — View market → 2027 0.8% — — View market → 2027 1.6% — — View market → 2027 0.8% — — View market → 2027 3.5% — — View market → April 30 2027 2.4% — — View market → April 30 2027 11.5% — — View market → April 30 2027 0.7% — — View market → April 30 2027 2.9% — — View market → April 30 2027 0.7% — — View market → April 30 2027 0.7% — — View market → April 30 2027 0.7% — — View market → April 30 2027 0.7% — — View market → April 30 2027 0.7% — — View market → April 30 2027 0.7% — — View market → April 30 2027 0.7% — — View market → April 30 2027 0.7% — — View market → April 30 2027 0.8% — — View market → April 30 2027 25.5% — — View market → April 30 2027 20.5% — — View market → April 30 2027 0.7% — — View market → April 30 2027 0.7% — — View market → April 30 2027 2.6% — — View market → April 30 2027 1.8% — — View market → April 30 2027 0.7% — — View market → April 30 2027 0.7% — — View market → April 30 2027 0.7% — — View market → April 30 2027 0.7% — — View market → April 30 2027 0.8% — — View market → April 30 2027 0.7% — — View market → April 30 2027 0.7% — — View market → April 30 2027 0.7% — — View market → April 30 2027 0.8% — — View market → April 30 2027 0.7% — — View market → April 30 2027 1.2% — — View market → April 30 2027 0.6% — — View market → ⚡ Also Impacted by This Story
After weeks of heavy selling pressure, XRP price has finally shown signs of a possible recovery, jumping 4% over the past 24 hours to around $1.10. Now, popular crypto analyst Ali Martinez says a key technical indicator has flashed its first buy signal since mid-June.
The last time this signal appeared, XRP rallied about 14%, which means that the price could jump toward $1.24 if history repeats.
XRP Price Flashes Its First Buy Signal Since JuneOn the 4-hour XRP chart, Ali Martinez noted that the SuperTrend indicator has flashed a buy signal for the first time since mid-June.
According to his chart, the same indicator correctly identified the last two major corrections of 19% and 16%, making it one of XRP’s more reliable trend-reversal signals.
XRP: BUY SIGNAL
The SuperTrend indicator has just flashed a buy signal on $XRP for the first time since mid-June.
The last buy signal preceded a 14% rally.
It has also done an excellent job identifying trend reversals, catching the last two major declines of 19% and 16%. pic.twitter.com/tftPM7EaLC
— Ali Charts (@alicharts) July 2, 2026 The last time this buy signal appeared, XRP rallied around 14.2%. If history repeats, a similar move from the current $1.09 level could push the price toward $1.24.
After analyzing the chart, Martinez also noted that XRP is trying to build support around the $1.08-$1.09 zone, where buyers appear to be stepping back into the market.
Whales Are Buying While Most Traders Remain FearfulIt’s not just the indicator flashing a bullish signal. CryptoQuant data also shows whales are quietly accumulating XRP.
The All CEX Whale vs Retail Spread currently stands at 50.9%, while Binance’s reading is 44.6%, indicating that large investors are buying more aggressively even as retail traders remain cautious.
At the same time, XRP has recorded its strongest new wallet growth in three months, suggesting fresh network activity is returning alongside higher trading volume.
Meanwhile, Santiment’s MVRV data shows XRP holders are experiencing some of the deepest unrealized losses in the asset’s history. The 30-day MVRV stands at -45%, while the 365-day MVRV has fallen to -47%.
✍️ TL;DR: XRP Ledger average returns historically low, implying relief rally is probable
📊 Metrics Used: 30-Day & 365-Day MVRV
🔗 Link to chart: https://t.co/z3mjkJzILe
📉 XRP’s average trading returns are sitting at historic pain levels. Its 30-day MVRV is -45% and its… pic.twitter.com/Q5vmHrJ0Sc
— Santiment Intelligence (@SantimentData) July 2, 2026 Historically, such deeply negative MVRV readings have often marked strong long-term buying opportunities, as they reflect periods of extreme fear and heavy selling pressure.
Analyst Predicts One Final Dip Before XRP Price Rally BeginsWhile Ali Martinez sees a bullish signal, another crypto analyst, ChartNerd, believes XRP could see one more dip before the actual rally begins.
He noted that XRP remains below its important 20-week EMA near $1.35, meaning the longer-term trend has not yet turned bullish.
According to him, XRP could still revisit $1.00, $0.93, or even $0.87 before completing its correction. However, he argues that regardless of where the final bottom forms, XRP will see a potential recovery soon.
Story Ends Here
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MONTRÉAL, July 02, 2026 (GLOBE NEWSWIRE) -- OR Royalties Inc. (“OR Royalties” or the “Company”) (OR: TSX & NYSE) notes that today, its operating partner, Agnico Eagle Mines Limited (“Agnico Eagle”), reported that a rock mass movement occurred on July 1, 2026, along the north wall of the Barnat open pit at the Canadian Malartic Complex (“Canadian Malartic”) in Québec, Canada. There were no injuries, equipment damage or environmental impact as a result of the event. As a precautionary measure, Agnico Eagle has temporarily suspended mining operations in the Barnat open pit. Agnico Eagle's technical teams are conducting a detailed geotechnical assessment to confirm the stability of the affected area and determine the appropriate path forward. Planning activities are underway to support the safe and orderly resumption of operations in the Barnat pit.
The long-awaited IPO of Space Exploration Technologies (SPCX +2.83%), or SpaceX for short, finally arrived on June 12. Shares shot up like a rocket on their first day of trading, soaring to $150 and then to $225 in short order. But the stock has reversed course just as quickly, falling back to around $150, a round trip that took place in under two weeks.
A lot is happening with SpaceX right now, from rampant hype around space and artificial intelligence (AI) to the company's recent $60 billion acquisition of Cursor. But there is real, underlying math that helps explain why SpaceX stock is so volatile right out the gate, and what it might mean for the stock price moving forward.
Looking at SpaceX's quick surge and sudden decline SpaceX was the largest IPO in history, and arguably one of the most hyped. There were tons of investors who wanted to buy shares. By design, SpaceX only made a small portion of its total stock publicly available on IPO day, just 4.24%. These publicly tradable shares are called the float.
The small float and overwhelming demand for SpaceX shares created a classic supply-and-demand situation, in which the stock price rocketed higher in the days immediately following its market debut. But demand eventually peaks, and investors saw SpaceX reverse course after reaching about $225 per share.
Image source: The Motley Fool.
So, why did the stock cool off? There are probably a few reasons. First, SpaceX's stock was very expensive at its high. Second, the company is funding its $60 billion acquisition of Cursor with stock, diluting existing investors. The market often sells off stocks in these scenarios to reflect the anticipated dilution. Lastly, IPO day is often when excitement peaks. Investors then have a few days to step back and assess, and that hype and excitement usually fade a bit.
Where is the rest of SpaceX's stock? Newly public companies have lockup periods that prevent insiders and employees from dumping their stock into the buying frenzy on IPO day. While typical lockup periods are around 180 days, SpaceX is using a staggered lockup period that gradually allows insiders to sell and expand the float at a controlled pace.
The earliest selling window opens after SpaceX's first earnings report, assuming the stock meets certain share price thresholds. There are several windows after that, building up to the traditional lockup expiration after 180 days. Additionally, CEO Elon Musk and other significant investors are subject to a 366-day lockup, allowing them to begin selling shares on June 14, 2027.
Remember, investors can currently trade only 4.24% of SpaceX's total shares. The current float of approximately 555.6 million shares could multiply as these lockups expire over the next year. Circling back to the supply-and-demand dynamic, a steadily growing float puts a thumb on the supply side of the scale.
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Looking at where SpaceX's share price might go from here Meanwhile, SpaceX still trades at a $2 trillion market cap, approximately 110 times its 2025 revenue of $18.6 billion. It remains one of the market's most expensive stocks, even after the recent dip. High valuations create high expectations. The selling pressure could intensify if SpaceX cannot deliver the growth to justify such a high valuation.
There are several reasons to love SpaceX as a long-term investment. That said, the stock's quick dip from $225 could be a warning sign of how quickly SpaceX can shed value if market sentiment turns against it. Understanding how the float will expand over the coming year will help investors weigh the risks of buying shares now versus waiting for the dust to settle.
Tesla Inc (NASDAQ:TSLA) delivered 480,126 vehicles in the second quarter, a 25% jump on a year earlier and a decisive beat against a consensus of roughly 406,000. On any conventional reading, it was the rebound the company badly needed after a bruising start to the year. The stock fell about 7.5% anyway. Understanding why means looking past the headline to the three things investors actually care about.
The number beat, but the reason for the beat is the problem
Part of the surge was not new demand. It was Tesla clearing a backlog. In the first quarter, the company built 50,363 more cars than it sold, stacking up inventory as US demand cooled after the $7,500 federal EV tax credit expired. A chunk of the second-quarter total is that stockpile finally moving off the lot.
Selling inventory is not the same as selling growth. If Tesla shifted those cars using discounts, cheap financing or other incentives, the volume comes at the expense of margin. That distinction is the whole story, and investors will not learn the answer until the company reports full financial results on 22 July.
This is now a pattern, not a surprise
The reaction fits a habit. Tesla shares have fallen on each of the past three quarterly delivery reports, a classic sell-the-news response where a strong print is already priced in before it lands. The stock walked into Thursday around $425, up roughly 24% from its April low, which told you the market had positioned for a beat.
When expectations are set that high, clearing them is not enough. A beat has to be large enough and clean enough to justify a rally, and a beat built partly on inventory liquidation does not clear that second test.
Bar was set low, and Tesla set it
There is a structural reason the beat looks bigger than it is. Tesla compiles and publishes its own consensus on its investor relations page, aggregating sell-side estimates into the number it will be measured against. That creates an obvious incentive for the bar to sit at a level the company can comfortably clear.
Even so, Tesla missed its own Q1 consensus. And the full-year picture remains flat. Analysts model roughly 1.65 million deliveries for all of 2026, barely 1% growth on last year, and that figure has already been trimmed by about 35,000 units since March. A company once growing at 50% a year is now modelled for essentially no growth, and one quarterly beat does not rewrite that.
A $1.4 trillion valuation the cars cannot explain
Here is the deeper reason a delivery beat moves the stock less than it once would. At a market value near $1.4 trillion, the vehicle business accounts for only a fraction of the price. The rest is the robotaxi and humanoid robot story, and no delivery print can validate or disprove that. The report that matters for the narrative is 22 July, when Tesla updates on margins, cash flow and its autonomy program.
The energy business offered a genuine bright spot that tends to get overlooked. Storage deployments hit 13.5 gigawatt hours against 9.6 a year earlier, topping expectations. That segment carries roughly double the gross margin of the car business, so it punches above its weight in profit terms. It was not enough to offset the caution around vehicles.
Questions the report left unanswered
One detail investors flagged is what Tesla did not say. SpaceX, which owns xAI, bought $269 million of Tesla Megapacks in April to cut power costs at its data centres, and last year spent $131 million on Cybertrucks. Tesla did not disclose whether such related-party transactions flattered the quarter's numbers.
The underlying demand picture is also lopsided. Europe rebounded, helped by higher fuel prices and easing of the backlash tied to Elon Musk's politics, with registrations more than doubling in France in June. US sales, by contrast, tracked down around 15% to 20% as buyers leaned toward hybrids and Chinese rivals such as BYD, Nio and Xiaomi kept up the pressure. A recovery leaning this heavily on one region is exactly the kind of beat the market treats with suspicion.
An Alibaba logo is displayed at the company's booth at China International Fair for Trade in Services (CIFTIS) in Beijing, China, September 10, 2025. REUTERS/Maxim Shemetov Purchase Licensing Rights, opens new tab
BEIJING, July 3 (Reuters) - Alibaba (9988.HK), opens new tab will ban employees from using Claude Code in workspace environments from July 10 due to alleged security risks involving embedded backdoors, a source familiar with the matter said.
Alibaba did not immediately respond to a request for comment.
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The move was previously reported by Chinese financial news outlet Yicai.
Reporting by Eduardo Baptista and Che Pan; Editing by Jacqueline Wong
Our Standards: The Thomson Reuters Trust Principles., opens new tab
The S&P 500 as a whole has had a solid 2026 so far, rising nearly 10%. If it continues this trend throughout the rest of 2026, the index would return a decent amount ahead of the 10% annual returns investors normally pencil in for the S&P 500. However, individual components within the S&P 500 have had far different experiences in 2026.
The best stock in the S&P 500, Sandisk (SNDK 14.00%), is up around 800%. The worst stock, Intuit, is down around 60%. That's quite a delta in performance, but how will these stocks fare in the second half?
Let's take a look at why Sandisk rose to the top and which stock could be the best-performing stock in the second half of 2026.
Image source: Getty Images.
Sandisk is thriving from a memory chip shortage Unless you've been living under a rock, you've likely noticed that one of the biggest overarching themes in the stock market is the artificial intelligence (AI) data center build-out. This is creating a ton of activity in the chip space, as well as in the construction industry. However, it's stretching some industries thin.
The biggest shortage right now in the data center space isn't energy capacity, land, or labor; it's memory chips. The memory chip industry just isn't built for this kind of demand wave, and when demand is high and supply is low, prices skyrocket. Sandisk has benefited from these economic mechanisms, and it's the reason why the stock is soaring.
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Many in the industry predict that this memory chip shortage won't be alleviated in 2026 or in 2027, so there is still a lot of room for Sandisk to run. So, just because Sandisk had a strong start to 2026, it doesn't mean that it won't finish among the top companies. However, I think there is another candidate that could be an excellent investment, and it may surprise you.
Nvidia could arise from its slumber Although Intuit is the worst performer in the S&P 500 so far, I highly doubt it will rise to become the best performer in the second half. Instead, I'm betting on Nvidia (NVDA 1.39%). This may sound odd, as Nvidia is the world's largest company by market cap. But I think it could have an incredible second half of 2026, and investors need to buckle their seatbelts for the returns it's about to deliver.
The investment thesis behind Nvidia's stock is simple: The AI buildout is going to boom through the rest of 2026, into 2027, and beyond. As a result, it's not uncommon to see future growth get priced in, but there is none of that in Nvidia's stock beyond the end of 2026. This primes the stock for huge gains in the second half of 2026, especially as investors realize there will be more spending in 2027.
Nvidia's stock is up only 5% so far in 2026, but I think it could post gains of nearly 100% by the end of 2026 if historical trends persist. Right now, Nvidia trades for 21.5 times forward earnings -- the same as the S&P 500.
NVDA PE Ratio (Forward 1y) data by YCharts
However, in each of the past two years, Nvidia has ended the year trading at 40 times forward earnings or greater. If Nvidia can rise to that level again, we could see the stock double in value. Even if it doesn't, Nvidia is priced at 15 times next year's earnings, which is a very low price to pay for a stock growing as quickly as Nvidia is.
Even if Nvidia isn't the best-performing stock in the second half of 2026, I still think it will rank among the top performers and be a great one to hold onto from now through the end of 2026. If you've got some spare investment dollars sitting around, Nvidia may be a great place to deploy them to.
3 July 2026 | 09:57 XRP is showing signs of potential stabilization as on-chain exhaustion meets an early technical recovery, though market participants are watching for volume confirmation at overhead resistance levels.
Key Takeaways XRP is currently trading near $1.10. Santiment reports record lows in 30-day and 365-day MVRV ratios. The price has pushed back above the 50-period and 100-period SMAs on the 4h chart. Still under all SMAs on the daily chart. XRP is showing signs of potential stabilization as on-chain exhaustion meets an early technical recovery, though market participants are watching for volume confirmation at overhead resistance levels.
Current Market Context On-chain data from Santiment indicates that both short-term and long-term holder cohorts currently hold significant unrealized losses, with 30-day and 365-day MVRV ratios at approximately -45% and -47%. The MVRV (Market Value to Realized Value) ratio serves as a critical thermometer for market sentiment; it essentially compares the current market price to the “average cost basis” of all tokens in circulation. When these figures plummet into negative double digits, it historically signals that speculative “froth” may have been removed, potentially leaving only long-term conviction holders in the market.
XRP Ledger MVRV buy zone. These levels represent extreme realized-value stress when measured against XRP’s 12-year history. Such positioning often precedes a contrarian reaction, as the majority of forced selling may have been absorbed by the market. Price action on the 4-hour chart reflects this potential shift. XRP recently reclaimed the 50-period SMA at $1.0563 and is currently testing the 100-period SMA at $1.0991. This development signals a technical recovery from the $1.035 base formed in late June.
XRP 4-hour technical chart. Convergence and Constraints The on-chain extremes and the recent technical reclaim point in a similar direction. The Relative Strength Index (RSI) is currently at 64.36, rising above the 55.19 signal line, which correlates with the recent momentum shift. However, as the RSI nears the overbought threshold, the current move may be reaching a point of maturity.
Caution remains appropriate for those assessing the strength of this bounce. In professional technical analysis, volume is the “fuel” that validates price movement. The current advance into the 100-period SMA is occurring on lighter volume than the surge seen on July 2. When price rises without a corresponding increase in volume, it may suggest that the move lacks the institutional conviction required for a sustained breakout, often signaling that the rally could be vulnerable to profit-taking.
Key Levels to Monitor Immediate Pivot ($1.0991): The 100-period SMA serves as the immediate threshold. Price holding above this level could keep the relief-rally scenario intact. Overhead Resistance ($1.1388): The 200-period SMA represents the next primary hurdle. Clearing this level may be required to transition from a relief bounce to a broader trend change. Support Floor ($1.0563): A slip back under the 50-period SMA could undercut the current setup, regardless of how stretched the MVRV metrics appear. The convergence of oversold on-chain positioning and an early technical reclaim on the 4-hour chart provides a constructive signal for a potential relief rally. However, it is essential to view this through the lens of the higher timeframe. While the 4-hour chart shows momentum shifting, the 1-day timeframe presents a starkly different reality: price remains firmly below the 50-day SMA ($1.2075), 100-day SMA ($1.2978), and 200-day SMA ($1.4861). These daily moving averages remain stacked in a bearish order, sloping downward and reinforcing a macro downtrend that has been intact since February.
XRP 1-day technical chart. Previous attempts to flip this trend have stalled against these same descending averages. The current price action at $1.10 sits within a falling channel, structurally mirroring earlier failed relief efforts. Furthermore, while the daily RSI is recovering, it remains near 45.88 and has yet to reclaim the 50 midline. Given this, the current move may still be characterized as a counter-trend bounce within a larger bearish structure rather than a confirmed reversal.
Confirmation of sustained buying interest, specifically a reclaim of the 50-day SMA at $1.2075, could be necessary before a more significant trend change is established. Until then, the burden of proof remains on the bulls, as the base case continues to favor a relief rally that may be vulnerable to the same overhead resistance that absorbed prior attempts earlier this year.
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments involve high risk. Consult a professional before making any investment decisions.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
The metals supercycle argument holds that long-term spending on decarbonization, electrification, renewable energy, and AI infrastructure will boost end demand for miners, even as supply constraints remain real and constant. While this presents opportunities for rare earth companies like MP Materials (MP 1.79%) and copper miners like Freeport-McMoRan (FCX +0.73%), there's a key difference in their risk/reward calculations that favors the latter.
Freeport-McMoRan over MP Materials If you believe in the metals supercycle argument, loosely sketched out above, then it makes sense to invest in a stock that best manifests that view, rather than one that contains risks over and above that view. In this context, I think Freeport-McMoRan is a better investment than MP Materials on a risk/reward basis for metals supercycle investors.
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MP Materials carries substantive risk MP Materials is a fine and worthy stock, but investors need to carry the execution risk inherent in its construction of a rare-earth magnet manufacturing facility in Northlake, Texas, known as "10X." On top of that its partnership with the U.S. Department of Defense (DoD) is not without controversy, not least as the DoD has invested in the company and provided it with a 10-year pricing floor guarantee, and, according to the press release, "DoD has agreed to ensure that 100% of the magnets produced at the 10X Facility will be purchased by defense and commercial customers."
Meanwhile, recent export controls imposed by China will make it harder for the company to acquire rare-earth processing technology.
Copper is a safer bet On the demand side, copper looks like a safe bet. It's used extensively in data centers, and the electrification needed to support it. In addition, electric vehicles use multiple times as much copper as internal combustion engines, and copper is also a core part of charging networks and indispensable for connecting renewable energy to the grid. In short, copper lies at the heart of the electrification of everything trend.
Image source: Getty Images.
On the other hand, ongoing supply constraints linked to long development lead times (more than 15 years from discovery to production), increasing political inflexibility in approving new mines, and declining ore grades are challenging supply growth.
Rising demand and curtailed supply growth point to higher prices down the line, and the good news is Freeport-McMoRan is well placed to benefit from them.
Three reasons why Freeport-McMoRan can win out First, the company is on track to recover copper production through 2026 and into 2027 following a traffic accident in Indonesia last year, with management forecasting 3.1 billion pounds of copper sales in 2026, rising to 3.8 billion in 2027 and then 4.1 billion in 2028.
Second, management's cost-effective leaching initiative (recovering copper from existing material stockpiles) targets up to 400 million pounds per annum by 2027 and 800 million pounds per annum by 2030 -- a cost-effective way to increase production.
Image source: Getty Images.
Third, the company has multiple expansion projects in its pipeline, notably in the U.S., where management believes it can expand production (in concert with its leaching initiative) to increase copper production from 1.2 billion pounds to 2 billion pounds by 2030.
All told, Freeport-McMoran presents a lower downside risk option than MP Materials, but still has the upside potential to handsomely reward investors who believe in a long-term metals supercycle.
Record June ADV of 30.6 million contracts All-time monthly records for equity index and agricultural products in June Q2 ADV reached 29.8 million contracts , /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today reported its average daily volume (ADV) reached a new June record of 30.6 million contracts, up 19% year-over-year. The company also hit its second-highest Q2 volume ever, with 29.8 million contracts. Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.
June 2026 monthly highlights across asset classes include:
Interest Rate ADV increased 17% to 13.6 million contracts U.S. Treasury futures and options ADV increased 19% to 7.2 million contracts 10-Year U.S. Treasury Note futures ADV increased 15% to 1.9 million contracts 5-Year U.S. Treasury Note futures ADV increased 16% to 1.4 million contracts 10-Year U.S. Treasury Note options ADV increased 28% to 1.1 million contracts 2-Year U.S. Treasury Note futures ADV increased 37% to 951,000 contracts SOFR futures and options ADV increased 14% to 5.8 million contracts 30-Day Fed Funds futures ADV increased 33% to 533,000 contracts Equity Index ADV increased 54% to a record 10.1 million contracts Record Micro E-mini Nasdaq-100 futures ADV of 3.2 million contracts Micro E-mini S&P 500 futures ADV increased 39% to 1.5 million contracts E-mini S&P 500 options ADV increased 14% to 1.3 million contracts Agricultural ADV increased 8% to a record 2.3 million contracts Corn futures ADV increased 20% to 619,000 contracts Soybean Oil futures ADV increased 12% to 273,000 contracts Chicago SRW Wheat futures ADV increased 14% to 196,000 contracts Metals ADV increased 12% to 967,000 contracts Micro Gold futures ADV increased 33% to 342,000 contracts Micro Silver futures ADV increased 191% to 69,000 contracts Foreign Exchange ADV increased 6% to 1.2 million contracts Canadian Dollar futures ADV increased 21% to 114,000 contracts Cryptocurrency ADV increased 76% to 334,000 contracts ($10.7 billion notional) Micro Bitcoin futures ADV increased 46% to 77,000 contracts International ADV increased 17% to 9.3 million contracts, with EMEA ADV up 15% to 6.7 million contracts and APAC ADV up 21% to 2.2 million contracts Micro Products ADV Micro E-mini Equity Index futures and options ADV of 5.1 million contracts represented 50% of overall Equity Index ADV, Micro Energy futures accounted for 8% of overall Energy ADV and Micro Metals futures accounted for 53% of overall Metals ADV BrokerTec overall average daily notional value (ADNV) increased 17% to $1.078 trillion in June BrokerTec U.S. Repo ADNV increased 11% to $398 billion European Repo ADNV increased 19% to €363 billion U.S. Treasury ADNV increased 5% to $93 billion EBS Spot FX ADNV increased 7% to $68 billion Customer average collateral balances to meet performance bond requirements for rolling 3-months ending May 2026 were $150.7 billion for cash collateral and $173.4 billion for non-cash collateral Q2 2026 quarterly highlights across asset classes include:
Interest Rate ADV of 14.5 million contracts 2-Year U.S. Treasury Note futures ADV increased 9% to 1.2 million contracts 10-Year U.S. Treasury Note options ADV increased 17% to 1.1 million contracts Equity Index ADV of 8.6 million contracts, up 13% Record Micro E-mini Nasdaq-100 futures ADV of 2.4 million contracts E-mini S&P 500 options ADV increased 7% to 1.3 million contracts Energy ADV of 2.7 million contracts Micro WTI Crude Oil futures ADV increased 209% to 283,000 contracts Agricultural ADV of 2.1 million contracts, up 6% Corn futures ADV increased 12% to 536,000 contracts Soybean Oil futures ADV increased 10% to 231,000 contracts Metals ADV of 941,000 contracts Micro Gold futures ADV increased 17% to 350,000 contracts Micro Silver futures ADV increased 263% to 74,000 contracts Cryptocurrency ADV of 250,000 contracts, up 32% ($13.7 billion notional) Ether futures ADV increased 10% to 18,000 contracts As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, cryptocurrencies, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.
The logo of BioNTech is pictured at Biontech's research laboratory for individualised vaccines against cancer in Mainz, Germany, July 27, 2023. REUTERS/Wolfgang Rattay Purchase Licensing Rights, opens new tab
CompaniesBERLIN, July 3 (Reuters) - BioNTech (22UAy.DE), opens new tab has held confidential talks with potential buyers about the German sites that the COVID‑19 vaccine maker plans to close, which has now grown to four locations, the Handelsblatt newspaper reported on Friday.
The German company had said in May that it would close three sites in Germany - Idar-Oberstein, Marburg and Tuebingen - by the end of 2027, and also end operations in Singapore by the first quarter of next year, affecting up to 1,860 jobs.
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According to Handelsblatt, the Berlin-based BioNTech subsidiary JPT Peptides is also being put up for sale.
The maker of peptides used in immunology and drug discovery is no longer profitable, and BioNTech plans to close it by the end of this year, the report said, citing people familiar with the decisions.
BioNTech and JPT Peptides did not immediately respond to emailed requests for comment.
Writing by Miranda Murray; Editing by Lincoln Feast.
Our Standards: The Thomson Reuters Trust Principles., opens new tab
On July 02, 2026, CNA Financial Corp (CNA) shares rose 3.1% to a current price of $51.17. Over the past year, the stock has fluctuated between a 52-week high of
On July 02, 2026, Generac Holdings Inc GNRC shares fell 6.5% today, closing at $252.66. Over the past week, the stock has lost 14.4%, and it has decreased by 11.2% in the last month. The shares have experienced a 52-week range of $134.80 to $296.44, highlighting significant volatility in the stock price.
GF Value™ verdict: Current price of $252.66 is 56.9% above the GF Value™ of $161.05, indicating overvaluation. GF Score™: 83/100, suggesting strong overall performance. Most notable signal: Insider activity shows that insiders sold $1.4M worth of stock in the last 3 months, with no buying activity. Is GNRC Overvalued or Undervalued? The current market price of Generac Holdings Inc GNRC at $252.66 significantly exceeds the GF Value™ estimate of $161.05, indicating that the stock is overvalued by 56.9%. This overvaluation presents a risk for potential investors, as the price may not be sustainable and could be subject to correction. The GF Valuation label identifies GNRC as significantly overvalued, which suggests that the stock price may not accurately reflect its intrinsic value based on current fundamentals.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. As the current price is well above the GF Value™, investors should exercise caution, as a decline in stock price may occur if the market adjusts to more realistic valuation levels.
How Does GNRC's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 79.2x 35.3x Forward P/E 28.0x - The current P/E ratio of 79.2x is 124% above GNRC's 5-year median P/E of 35.3x, indicating that the stock is trading at a premium compared to its historical valuation. This analysis aligns with the GF Value™ verdict of overvaluation, reinforcing the notion that the current price may not be justified based on past performance metrics.
What Does GNRC's GF Score™ Tell Us? Metric Rating GF Score™ 83/100 Financial Strength 6/10 Profitability 8/10 Growth 8/10 Valuation 3/10 Momentum 9/10 The GF Score™ of 83/100 indicates a strong overall performance for Generac Holdings Inc. The strongest areas are profitability and growth, both rated at 8/10, suggesting that the company has robust earnings and potential for expansion. However, the Valuation rank of 3/10 highlights concerns regarding the stock's current price relative to its intrinsic value, thereby suggesting a weaker position in this aspect.
What Are Insiders Doing with GNRC Stock? In the last three months, insiders have sold $1.4 million worth of Generac Holdings Inc stock, with no reported buying activity during the same period. This pattern of selling may indicate a lack of confidence from insiders regarding the future performance of the stock, which could be a red flag for potential investors.
What This Means for Investors Based on the GF Value™ assessment, Generac Holdings Inc GNRC is currently overvalued. This overvaluation should prompt caution for those considering an investment in the company, as the stock price appears detached from its intrinsic value.
For the complete analysis, visit the Generac Holdings Inc GNRC stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is GNRC's GF Score™?
GNRC's GF Score™ is 83/100, indicating strong overall performance and potential for long-term returns.
Is GNRC overvalued or undervalued?
GNRC is currently overvalued, with a market price that exceeds its GF Value™ estimate by 56.9%.
What is GNRC's P/E ratio?
GNRC's P/E ratio is 79.2x, which is significantly above its 5-year median P/E of 35.3x, reinforcing its overvaluation status.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
On July 02, 2026, WESCO International Inc (WCC) shares fell 4.0% today, closing at $307.89. The stock has experienced significant volatility, with a 52-week hig
Mr. Market was expressing some affection for AppLovin (APP 6.65%) over the past few trading days. Shares of the adtech company were rising by over 10% week to date as of late Thursday evening. A highly positive initiation of coverage from an analyst was a major reason for the pop.
One strong move by a pundit This occurred Monday morning, when Andrew Marok of Raymond James launched his tracking of AppLovin's equity with a strong buy recommendation. Consistent with this highly optimistic rating, he set a price target of $640 per share on the specialized tech stock. That's more than 21% higher than its most recent closing price.
Image source: Getty Images.
According to reports, a key reason for Marok's bullishness is his general view that the e-commerce advertising market will continue to expand. That's fortunate for AppLovin, as in late June the company effectively opened its self-serve platform to all advertisers (previously, a referral was required).
The platform's new name, AppLovin Ads, is buttressed by the greatly expanded Axon artificial intelligence (AI) model that powers it. Having moved from its previous narrow focus on mobile gaming, the platform is now available as a tool for the immense and ever-growing e-commerce crowd.
The analyst added that he's expecting revenue growth of over 40%, accompanied by earnings before interest, taxes, depreciation, and amortization (EBITDA) margins topping 80%.
Today's Change
(
-6.65
%) $
-37.55
Current Price
$
527.06
Pricey but worth it I think the thrust of Marok's argument is compelling and realistic. AppLovin is rapidly becoming a double threat, with its core mobile app advertising business and its continued push into e-commerce making for quite a potentially high-growth combination. This stock isn't cheap, either on price or valuations, but it's one of those companies that has an excellent chance of justifying such levels.
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
On July 02, 2026, TransUnion TRU shares rose 5.2% to a current price of $78.31. The stock is trading within a 52-week range of $63.37 to $99.39, reflecting a significant fluctuation over the past year.
GF Value™ verdict: TransUnion is currently 18.9% undervalued with a GF Value™ of $96.58.GF Score™ of 89/100 indicates a strong overall performance relative to peers.Notable signal: Insiders sold $1.8M in the last 3 months, indicating a lack of buying interest. Is TRU Overvalued or Undervalued? TransUnion's current price of $78.31 is significantly below its GF Value™ estimate of $96.58, suggesting that the stock is undervalued by approximately 18.9%. This price discrepancy presents a potential opportunity for investors, as the margin of safety appears favorable. The GF Valuation label indicates that the stock is modestly undervalued, which aligns with the positive valuation metrics observed.
However, potential investors should consider the risks associated with this opportunity, particularly given the recent insider selling activity. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. This methodology provides a comprehensive perspective on the company's current valuation compared to its historical performance.
How Does TRU's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 21.7x 44.2x Forward P/E 16.4x N/A TransUnion's current P/E ratio of 21.7x is significantly below its 5-year median P/E of 44.2x, indicating that the stock is trading at a lower valuation compared to its historical levels. The forward P/E of 16.4x further supports the notion that the stock is undervalued when considering future earnings potential. This analysis aligns with the GF Value™ verdict, suggesting that TRU is currently undervalued based on its historical trading multiples.
What Does TRU's GF Score™ Tell Us? Metric Rating GF Score™ 89 Financial Strength 5/10 Profitability 8/10 Growth 10/10 Valuation 8/10 Momentum 5/10 The GF Score™ of 89/100 indicates that TransUnion performs strongly across various metrics. Notably, the company excels in growth, with a perfect score of 10/10, suggesting robust growth potential moving forward. However, its financial strength is rated at just 5/10, indicating some concerns in this area. Overall, the combination of strong profitability and growth with moderate financial strength presents a balanced view of the company's operational health.
What Are Insiders Doing with TRU Stock? In the past three months, insiders have sold approximately $1.8 million worth of TransUnion stock, with no notable buying activity reported. This pattern of selling may suggest a lack of confidence from insiders in the company's short-term prospects, which could be a concern for potential investors. The absence of insider purchasing typically raises red flags, as it may indicate that those with the most intimate knowledge of the company's operations do not see an immediate upside.
What This Means for Investors Based on the assessment of GF Value™, TransUnion appears to be undervalued at its current price of $78.31. While there is a notable upside potential according to the GF Value™ estimate, investors should exercise caution given the insider selling activity. This suggests that while the valuation may be attractive, it is essential to remain aware of potential risks.
For the complete analysis, visit the TransUnion TRU stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is TRU's GF Score™?
TransUnion has a GF Score™ of 89/100, indicating a strong overall performance relative to its peers, suggesting it may generate higher long-term returns.
Is TRU overvalued or undervalued?
TransUnion is currently undervalued, with a GF Value™ estimate of $96.58, representing an 18.9% upside from its current price.
What is TRU's P/E ratio?
The P/E ratio for TransUnion is 21.7x, which is significantly below its 5-year median P/E of 44.2x, indicating the stock is trading at a lower valuation compared to its historical levels.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.
On July 02, 2026, Everest Group Ltd (EG) shares rose 3.2% to a current price of $371.35. This price reflects a strong upward trend, with the stock moving within
On July 02, 2026, Regal Rexnord Corp (RRX) shares fell 4.8% today, closing at $218.45. The stock has shown significant volatility over the past year, trading in
THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Teledyne Technologies Incorporated (NYSE:TDY) today announced the promotion of Michelle Hildyard to General Manager of its Teledyne Raymarine and Teledyne FLIR Marine brands.
Hildyard, based in Fareham, England, will lead the company’s Raymarine marine electronics business and its FLIR Marine thermal camera portfolio. She will report to Gregoire Outters, President of Teledyne Marine Group.
In her new role, Hildyard will oversee strategy, product development, and commercial execution. She will focus on strengthening product innovation and operational performance, and on delivering integrated solutions that enhance safety, situational awareness, and enjoyment on the water.
“Michelle is an exceptional leader with deep insight into both the marine electronics and marine thermal markets,” Outters said. “Michelle understands how to connect best-in-class maritime solutions across teams and brands, and her collaborative leadership will help us continue to enable customers to operate more safely, efficiently and confidently on the water.”
Hildyard brings more than two decades of experience across Teledyne Raymarine and Teledyne FLIR Marine, having held a wide range of senior leadership roles across the business. Most recently, she served as Vice President of Operations for Raymarine and FLIR Marine, where she led supply chain, engineering, and product management.
Hildyard holds a Bachelor of Science degree from the University of Reading and a Master of Business Administration from the University of Southampton Business School.
About Teledyne Technologies
Teledyne Technologies is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne’s operations are primarily located in the United States, the United Kingdom, Canada, and Western and Northern Europe. For more information, visit teledyne.com.
On July 02, 2026, Deckers Outdoor Corp (DECK) shares rose 4.3% today, bringing the current price to $104.69. The stock has seen a 52-week range of $78.91 to $12
On July 02, 2026, Onto Innovation Inc (ONTO) shares fell by 12.5%, bringing the current price to $307.58. The stock has experienced a significant 52-week range,
On July 02, 2026, The Cooper Companies Inc (COO) shares rose 3.1% today, bringing the current price to $74.20. The stock has experienced a 52-week range of $58.
Corgi lists 14 single-stock 2x Daily ETFs plus the Corgi Quantum Computing 2x Daily ETF on June 30, each at a 0.45% expense ratio and the lowest net expense ratio of any U.S.-listed 2x daily long ETF tracking the same underlying,* and nine July Series Structured Buffer ETFs on July 2, offering built-in downside buffers at a gross expense ratio of 0.40% and net expense ratio of 0.30%.**
, /PRNewswire/ -- Corgi, an AI fintech startup, announced the launch and listing of 24 ETFs on Cboe BZX Exchange across two product lines this week: 15 leveraged 2x Daily ETFs on June 30 and nine July Series Structured Buffer ETFs on July 2. The launches continue the firm's staged rollout across leveraged and defined-outcome strategies.
Leveraged 2x Daily ETFs
The 15 leveraged funds comprise 14 single-stock 2x Daily ETFs plus the Corgi Quantum Computing 2x Daily ETF, each at a 0.45% expense ratio and the lowest net expense ratio of any U.S.-listed 2x daily long ETF tracking the same underlying.* Each single-stock fund is named in the form "Corgi [ticker] 2x Daily ETF" and seeks 2x the daily performance of the referenced stock. The funds are the Corgi AAPL 2x Daily ETF (Cboe BZX: IOSX), referencing Apple; and the corresponding funds referencing ASML (ASMZ), Broadcom (AVGC), Galaxy Digital (GLX), IonQ (IONC), Oracle (ORAC), Rocket Lab (RKX), Super Micro Computer (SMCC), Archer Aviation (ACHX), Arm Holdings (ARMA), Bloom Energy (BEC), Cipher Mining (CIFC), Eos Energy (EO), and GameStop (GMEC).
The Corgi Quantum Computing 2x Daily ETF (Cboe BZX: XQTM) seeks 2x the daily performance of the Corgi Quantum Computing ETF (CQTM), Corgi's actively managed quantum computing fund, for a single day. XQTM carries a 0.45% expense ratio, the lowest net expense ratio of any U.S.-listed 2x daily long quantum-computing-themed ETF.*
July Series Structured Buffer ETFs
The nine buffer funds use FLEX Options (Flexible Exchange Options) to seek exposure to the price return of a reference ETF up to a cap, while seeking to buffer against a defined level of downside losses over an annual outcome period running from July 1, 2026 to June 30, 2027. All nine carry a gross expense ratio of 0.40% and a net expense ratio of 0.30%,** among the lowest net expense ratios in the structured buffer ETF category, based on publicly available data from ETF Central as of June 19, 2026.
U.S. Equities (SPDR S&P 500 ETF Trust): Corgi U.S. Equities 10% Structured Buffer ETF – July Series (Cboe BZX: JULC), 15% (CJUL), 30% (CTJL), and 100% (HJLY).
Growth & Technology (Invesco QQQ Trust, tracking the Nasdaq-100 Index): Corgi Growth & Technology 10% Structured Buffer ETF – July Series (Cboe BZX: QJL) and 15% (QQJL).
U.S. Small-Cap (iShares Russell 2000 ETF): Corgi U.S. Small-Cap 15% Structured Buffer ETF – July Series (Cboe BZX: SCJL).
International Developed (iShares MSCI EAFE ETF): Corgi International Developed Equities 15% Structured Buffer ETF – July Series (Cboe BZX: IDJL).
Buffer levels range from 10% to 100%. CTJL is designed to participate in the price return of the SPDR S&P 500 ETF Trust (SPY) up to a cap, with a 30% downside buffer that absorbs SPY losses between -5% and -35% over each annual outcome period. HJLY is designed to participate in the price return of SPY up to a cap, while targeting a 100% buffer against all SPY losses over each annual outcome period. With the July Series, Corgi's structured buffer lineup spans 27 funds across three monthly series, with an average gross expense ratio of 0.40% and net expense ratio of 0.30%.**
"We launched each leveraged fund with the lowest net expense ratio among U.S.-listed 2x daily long ETFs on its underlying, based on publicly available data as of June 19, 2026, and added a new July Series of Structured Buffer ETFs for investors seeking downside buffers," said Nicolas Laqua, CEO. "We believe investors value greater choice and competitive pricing, and these launches reflect our commitment to delivering both."
All 24 funds are listed on Cboe BZX Exchange and can be bought and sold throughout the trading day through broker-dealers and other financial intermediaries. Investors may pay brokerage commissions and may also incur platform, custodial, advisory, and other fees or expenses charged by their financial intermediary. Leveraged ETFs involve significant risk and are designed primarily for sophisticated investors managing positions daily.
About Corgi
Founded in 2025, Corgi is an AI Financial Infrastructure Company creating innovative products in insurance and finance. We're building the foundation for a new generation of financial services, with AI and technology at the core from day one. To learn more about Corgi, follow us on LinkedIn, on X, or at www.corgifunds.com.
Important Information
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other information about the Funds and should be read carefully before investing. A copy of the prospectus is available at www.corgifunds.com.
Investing involves risk, including possible loss of principal. There is no guarantee that any Fund will achieve its investment objective.
Leveraged Funds. Each leveraged Fund seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of its underlying, for a single day, and does not seek that objective over periods longer than one trading day. Due to the effects of compounding, returns over periods longer than one day may differ significantly from 2x the underlying's performance, particularly during volatile markets. The use of leverage magnifies both gains and losses and may result in significant losses. The leveraged Funds use derivatives, including swap agreements, which add counterparty, liquidity, valuation, and tracking-error risk. Each leveraged Fund is non-diversified and concentrates its exposure in a single underlying security or reference ETF, making it more volatile than a diversified fund, and is intended for sophisticated investors who manage positions actively, not for buy-and-hold investors. The Corgi Quantum Computing 2x Daily ETF seeks 2x the daily performance of the Corgi Quantum Computing ETF, an actively managed, non-diversified fund concentrated in quantum computing and quantum-ready security companies.
Buffer Funds. Each buffer Fund seeks the price return (excluding dividends) of its reference ETF up to a predetermined cap, while seeking to buffer a defined level of reference ETF losses over an approximately one-year outcome period; the buffer is before fees and expenses. There is no assurance the buffer will be achieved. The buffer is not principal protection, and a shareholder may lose some or all of their investment. The intended buffered outcome is generally sought only for shareholders who hold for the full outcome period; investors who buy after the FLEX Options are established, or sell before they expire, may experience different results. Certain Funds employ a "deep buffer" in which shareholders bear the first portion of losses before the buffer applies, and losses beyond the buffer range. Gains are limited by the Cap, which is established at the start of each outcome period based on prevailing market conditions and may rise or fall from one period to the next. The Funds use FLEX Options issued and guaranteed for settlement by The Options Clearing Corporation ("OCC") and are subject to OCC counterparty risk and the risk that FLEX Options trade in less liquid markets.
The companies referenced by the single-stock leveraged Funds, and the reference ETFs used by the buffer Funds, are not affiliated with Corgi Strategies, LLC, Corgi, or Paralel Distributors, LLC, and have not sponsored, endorsed, sold, or promoted the Funds and make no representation regarding the advisability of investing in the Funds.
The Funds are newly organized and have limited or no operating history. ETF shares trade at market price (not NAV), are not individually redeemable, and may trade at a premium or discount to NAV. Brokerage commissions will reduce returns.
This release is informational only and not an offer or solicitation; offers are made only by prospectus.
*Expense ratio comparisons for the leveraged Funds are among U.S.-listed 2x daily long ETFs on the same underlying, based on net expense ratios from ETF Central as of June 19, 2026. For the Corgi Quantum Computing 2x Daily ETF, the comparison is among U.S.-listed 2x daily long quantum-computing-themed ETFs. Expense ratios are subject to change and new funds may launch, which could affect these comparisons.
**The net expense ratio for the buffer Funds reflects a contractual fee waiver by Corgi Strategies, LLC (the "Adviser"), which has agreed to waive a portion of its management fee equal to 0.10% of each Fund's average daily net assets. This agreement has no termination date and may not be terminated without the approval of the Board of Trustees, upon not less than thirty (30) days' prior written notice to the Adviser; provided that the Board may not terminate the agreement with respect to any Fund prior to the one-year anniversary of the effective date of the agreement with respect to such Fund. Amounts waived are not subject to recoupment by the Adviser. The gross expense ratio for each buffer Fund is 0.40%.
Paralel Distributors, LLC (FINRA/SIPC) is the distributor. Corgi Strategies, LLC is the adviser. Paralel is unaffiliated with Corgi Strategies, LLC and Corgi. COR108
Kuaishou Technology shares rose nearly 7% Friday before trimming gains, after the company announced a capital injection of nearly $2.8 billion into its artificial intelligence subsidiary, Kling AI, with backing from tech giant Tencent.
The Beijing-based short video platform disclosed the funding details in a regulatory filing released after the market closed on Thursday. The company was targeting a $15 billion valuation from the raise, Bloomberg reported.
Kuaishou shares rose as much as 6.89% at Friday's Hong Kong market open before paring gains to trade around 0.75% higher.
Tencent, which owns the generative AI platform Hunyuan, a domestic rival to Kling AI, is investing $200 million as part of the funding round, which raised a total of 19 billion yuan ($2.79 billion). The deal will dilute Kuaishou's stake to 68%.
Beyond Tencent, the funding round drew a broad consortium of backers, including 21 independent investors.
CNBC previously reported on the hype and intense competition surrounding China-based AI video generators, with Kling AI increasingly targeting growth outside its home market
Kling AI serves as a core creator studio offering AI-driven features and claims to reach more than 60 million creators globally after launching in June 2024.
Kuaishou is China's second most popular short-video platform, with a reported 700 million monthly active users spending more than 130 minutes per day with its services.
Bitmine, Sharplink und Joe Lubin finanzieren eine neue, eigens für die Markteinführung gegründete Organisation, die von ehemaligen Mitarbeitern der Ethereum Foundation aufgebaut wurde
, /PRNewswire/ -- Ethereum Institutional, eine unabhängige gemeinnützige Organisation, gab heute ihren öffentlichen Start als spezielle Anlaufstelle für institutionelle Anleger im Ethereum-Ökosystem bekannt. Die Organisation bündelt die Ergebnisse eines Jahres institutioneller Engagementarbeit, die vom Go-to-Market-Team der Ethereum Foundation geleitet wurde, und fasst diese in einer eigenständigen Organisation zusammen, die über ein klareres Leitbild, eine breitere geografische Reichweite und eine langfristige Finanzierung verfügt. Bitmine Immersion Technologies, Inc. (NYSE: BMNR), Sharplink, Inc. (NASDAQ: SBET) und der Mitbegründer von Ethereum, Joe Lubin, stehen an der Spitze der Finanzierungsrunde, zusammen mit Dutzenden von privaten und institutionellen Investoren.
Ethereum Institutional Ethereum Institutional wurde ins Leben gerufen, damit die weltweit größten Finanzinstitute bei ihren grundlegenden, langfristigen Plattformentscheidungen in Bezug auf Tokenisierung, Stablecoins und On-Chain-Marktinfrastruktur über einen glaubwürdigen, neutralen Partner mit Ethereum zusammenarbeiten können. Ethereum schreibt keine einheitliche, starre Konfiguration vor, sondern ermöglicht es Institutionen, den Ansatz zu wählen, der am besten zu ihrem jeweiligen Anwendungsfall passt, und dabei von der Sicherheit der weltweit robustesten und zuverlässigsten Abwicklungsschicht für digitale Vermögenswerte zu profitieren.
Diese Gründung ist bereits die zweite große unabhängige Verwaltungsorganisation für das Ethereum-Ökosystem, die in der vergangenen Woche vorgestellt wurde – nach der Ankündigung von Ethlabs, einem Forschungs- und Entwicklungslabor, das ebenfalls von ehemaligen Führungskräften der Ethereum Foundation gegründet wurde. Gemeinsam bilden Ethlabs und Ethereum Institutional die sich ergänzenden Säulen des nächsten Kapitels von Ethereum: Zum einen werden Innovationen auf Protokollebene und die Kerninfrastruktur vorangetrieben, zum anderen wird sichergestellt, dass Institutionen einen glaubwürdigen, engagierten Ansprechpartner an ihrer Seite haben, der sie von der Evaluierung bis hin zur groß angelegten Einführung begleitet. Ethereum Institutional bietet den weltweit größten Finanzinstituten Erfahrung im Ökosystem und unvoreingenommene Fachkompetenz.
Jetzt ist der richtige Zeitpunkt für die Einführung in institutionellen Kreisen. Auf dem Ethereum-Mainnet sind derzeit Stablecoins im Wert von rund 180 Milliarden US-Dollar im Umlauf, was etwa 60 % des gesamten Stablecoin-Angebots und rund zwei Dritteln aller tokenisierten realen Vermögenswerte entspricht. Führende Finanzinstitute aus den Bereichen Vermögensverwaltung, Bankwesen, Zahlungsverkehr, Verwahrung und Marktinfrastruktur bauen das Netzwerk aktiv aus. Unterdessen haben konkurrierende Ökosysteme die institutionelle Einführung zu ihrer ausdrücklichen geschäftlichen Priorität gemacht und betreiben jeweils gut finanzierte Organisationen zur Geschäftsentwicklung, deren ausdrücklicher Auftrag darin besteht, institutionelle Implementierungen zu realisieren.
Die Entscheidungen, die Institutionen in den nächsten 12 bis 24 Monaten hinsichtlich der Plattform treffen, werden die Topologie der On-Chain-Finanzwelt für Jahrzehnte bestimmen. Eine abgestimmte, glaubwürdige Vertretung sorgt nun für Einheit in der Diskussion und unterstützt den Ausbau des robusten Ethereum-Netzwerks, wovon sowohl bestehende als auch zukünftige Nutzer profitieren.
Ethereum Institutional startet mit einer bewährten Erfolgsbilanz und bereits bestehender Dynamik: Das Team hat über 500 institutionelle Beziehungen aufgebaut, die das gesamte Spektrum der Tier-1-Banken, führender Vermögensverwalter, staatlicher Institutionen, Depotbanken und Anbieter von Marktinfrastrukturen weltweit abdecken. Das Team hat im Rahmen des „Institutional Ethereum Forum" ein Treffen von Vordenkern ins Leben gerufen, an dem mehr als 150 Führungskräfte und Leiter der Bereiche für digitale Vermögenswerte aus Institutionen teilnahmen, die zusammen ein verwaltetes Vermögen von rund 250 Billionen US-Dollar repräsentieren.
Ethereum Institutional wird vom ersten Tag an in fünf Schwerpunktbereichen tätig sein: Institutionelle Bildung und Engagement, institutionelle Intelligenz, ETH- und Ökosystem-Marketing, Standards und Best Practices sowie institutionelle Veranstaltungen. Die geografische Abdeckung wird von New York, London, Hongkong und Singapur auf weitere wichtige Finanzzentren wie Zürich, Frankfurt, Tokio und Abu Dhabi ausgeweitet, wobei in jeder Region eigens dafür zuständige Ansprechpartner für institutionelle Kunden tätig sind, die unter einem gemeinsamen, glaubwürdig neutralen Mandat arbeiten.
Thomas „Tom" Lee, Vorsitzender von Bitmine: „Finanzinstitute treffen heute Infrastrukturentscheidungen, die die Kapitalmärkte über Jahrzehnte hinweg prägen werden, und Ethereum rückt dabei zunehmend in den Mittelpunkt dieser Gespräche. Ethereum Institutional kommt genau zum richtigen Zeitpunkt und schafft eine vertrauenswürdige, unabhängige Plattform, auf der institutionelle Akteure mit dem Ökosystem interagieren, Standards entwickeln und die Verbreitung vorantreiben können. Das ist ein wichtiger Schritt, um Ethereum zum Rückgrat der globalen Finanzinfrastruktur der nächsten Generation zu machen."
Joseph Chalom, Geschäftsführer von Sharplink. „Ich habe zwei Jahrzehnte lang die weltweit größten Institutionen bei der Einführung neuer Technologien unterstützt, und ich habe selten erlebt, dass die Rahmenbedingungen so günstig waren wie im Fall von Ethereum. Diese Institutionen gehen von bloßem Interesse zu konkreten Maßnahmen in den Bereichen Tokenisierung, Stablecoins und einer neuen Finanzmarktinfrastruktur über. Ethereum Institutional wurde entwickelt, um genau in diesem Moment auf diese Anforderungen einzugehen."
Joe Lubin, Mitbegründer von Ethereum und Vorstandsvorsitzender von Consensys. „Ethereum hat sich zur führenden Infrastruktur für dezentralisiertes, überprüfbares und programmierbares Vertrauen entwickelt. Seit mehr als einem Jahrzehnt konzentrieren sich die Forscher, Entwickler und das gesamte Ökosystem darauf, die harte Arbeit zu leisten, ohne Abstriche zu machen: das Netzwerk skalierbarer, kostengünstiger und benutzerfreundlicher zu gestalten sowie durch eine schrittweise und konsequente Dezentralisierung die echte Netzneutralität und die Widerstandsfähigkeit gegen Zensur zu gewährleisten. Aus diesem Grund ist es die erste und vorherrschende Wahl für den Großteil der Aktivitäten im Bereich der Stablecoins, tokenisierter Vermögenswerte, DeFi und anderer On-Chain-Finanzinfrastruktur. Die traditionelle Finanzwelt steigt bereits auf die dezentralen Strukturen von Ethereum um. Ethereum Institutional wird dazu beitragen, dieses nächste wichtige Kapitel voranzutreiben, indem es Institutionen den Einstieg in großem Maßstab ermöglicht und die Offenheit sowie die genehmigungsfreie Innovation fördert, die das Netzwerk so einzigartig leistungsfähig und wertvoll machen."
Abschließend sagte David Walsh, Geschäftsführer von Ethereum Institutional: „Die glaubwürdige Neutralität von Ethereum ist eine seiner größten Stärken, doch Neutralität ohne Vertretung kann oft als Schweigen wahrgenommen werden." Das Ethereum-Ökosystem braucht einen glaubwürdigen, unabhängigen Ansprechpartner, mit dem Institutionen direkt zusammenarbeiten können; jemanden, den Finanzverantwortliche anrufen, den sie ihrem Vorstand vorstellen und auf dessen ehrliche Antworten sie sich verlassen können. Ethereum Institutional wurde gegründet, um genau diese spezielle Rolle zu übernehmen. Unsere Aufgabe ist es, institutionelle Anforderungen in skalierbare Lösungen umzusetzen und Ethereum letztendlich zur grundlegenden Schicht für das institutionelle Finanzwesen zu machen."
Lee, Chalom und Walsh werden als Mitglieder des Verwaltungsrats fungieren.
Informationen zu Bitmine
Bitmine (NYSE: BMNR) ist ein Bitcoin-Miner mit Aktivitäten in den USA. Das Unternehmen setzt sein überschüssiges Kapital ein, um das weltweit führende Ethereum-Treasury-Unternehmen zu werden, und verfolgt eine innovative Strategie für digitale Vermögenswerte für institutionelle Investoren und Teilnehmer an den öffentlichen Kapitalmärkten. Geleitet von seiner Philosophie der „Alchemy of 5 %" setzt das Unternehmen auf ETH als primären Treasury-Reservewert und nutzt dabei protokollnative Aktivitäten, darunter Staking und dezentrale Finanzmechanismen. Das Unternehmen führte im Jahr 2026 MAVAN (Made-in America Validator Network) ein, eine spezielle Staking-Infrastruktur für Bitmine-Vermögenswerte.
Informationen zu Sharplink
Sharplink (NASDAQ: SBET) ist eine führende Ethereum-Treasury-Plattform für institutionelle Anleger, die darauf ausgelegt ist, Anlegern am öffentlichen Markt ein intelligenteres und produktiveres Engagement in ETH zu ermöglichen. Ethereum bildet die Grundlage für den Großteil der weltweiten Stablecoins, tokenisierter realer Vermögenswerte und Abwicklungen im Bereich der dezentralen Finanzen. Sharplink wurde 2019 gegründet und hat seinen Hauptsitz in Miami, Florida. Weitere Informationen finden Sie unter sharplink.com.
Informationen zu Ethereum Institutional
Ethereum Institutional ist eine unabhängige, gemeinnützige Organisation, die sich für die institutionelle Einführung von Ethereum einsetzt. Die Organisation fungiert als neutrale Schnittstelle für Institutionen, die in das Ethereum-Ökosystem einsteigen möchten, und arbeitet direkt mit Banken, Vermögensverwaltern, Verwahrstellen, Marktinfrastrukturen, Fintech-Unternehmen und staatlichen Institutionen zusammen, um deren Anforderungen in On-Chain-Implementierungen umzusetzen. Die Organisation ist in fünf Schwerpunktbereichen tätig: Institutionelle Bildung und Einbindung, institutionelle Intelligenz, ETH- und Ökosystem-Marketing, Branchenanalyse und -anforderungen sowie institutionelle Veranstaltungen. Weitere Informationen finden Sie unter ethereuminstitutional.org.
Zukunftsgerichtete Aussage
Diese Pressemitteilung enthält Aussagen zum erwarteten Interesse institutioneller Anleger an Ethereum, zu Forschungsschwerpunkten und Roadmaps, zu Governance-Regelungen, zur Verfügbarkeit von Finanzmitteln sowie zur Skalierung des Programms. Diese Aussagen basieren auf aktuellen Erwartungen und unterliegen Risiken und Ungewissheiten, die dazu führen könnten, dass die tatsächlichen Ergebnisse erheblich davon abweichen. Dazu zählen unter anderem die Marktbedingungen für digitale Vermögenswerte, regulatorische Änderungen, Entwicklungen auf Protokollebene, der Zeitpunkt institutioneller Implementierungen, die Verfügbarkeit von Finanzmitteln sowie die allgemeine Wirtschaftslage. Zukunftsgerichtete Aussagen beziehen sich ausschließlich auf den Zeitpunkt dieser Pressemitteilung und stellen keine Garantien dar. Ethereum Institutional und seine Geldgeber übernehmen keine Verpflichtung, diese Informationen zu aktualisieren, es sei denn, dies ist gesetzlich vorgeschrieben. Diese Pressemitteilung dient nur zu Informationszwecken.
SpaceX (SPCX +2.69%) went public on June 12 at $135 per share, raising $75 billion in the largest initial public offering (IPO) in history. Three weeks later, the rocket, satellite-internet, and artificial intelligence (AI) company commands a market capitalization of about $2.1 trillion. Only a handful of companies have ever been worth that much -- and every one of them earned billions in profits when it got there.
SpaceX is different. Across 2025 and the first quarter of 2026, its reported losses add up to a trailing net loss of about $9.4 billion, set against roughly $19.3 billion in trailing revenue.
That combination raises a question worth answering before the company joins the Nasdaq-100 on July 7 -- an event that will make index funds automatic buyers of the stock. Has a money-losing business ever been valued this highly? And if it hasn't, should investors care?
Image source: Getty Images.
A price arguably without precedent Start with the historical check. The market has valued unprofitable companies richly before, but the previous standard-bearers operated on a different scale entirely. Rivian, the electric-truck maker, briefly commanded a market value of about $150 billion in late 2021 while deeply unprofitable -- and that stood out as extreme at the time. Uber ran years of losses with a valuation that topped out around $100 billion. Amazon, the dot-com era's favorite money-loser, was worth only tens of billions back when it was losing money.
SpaceX's $2.1 trillion is roughly 14 times the Rivian benchmark. I can't find a money-losing company in market history that has come anywhere close. So it's safe to say that SpaceX appears to be the most valuable unprofitable company the market has ever seen.
Now, the loss itself deserves a closer look, because it isn't the loss of a struggling business. According to the company's IPO prospectus, SpaceX -- whose filings also include xAI, the AI business it absorbed -- generated $18.7 billion of revenue in 2025, up 33% year over year, and lost $4.9 billion. Then it lost another $4.28 billion in the first quarter of 2026.
But the composition matters. Starlink, the satellite-internet business, produced $11.4 billion of 2025 revenue -- about 61% of the total -- and generated $4.4 billion in operating profit. The losses come from everything surrounding it: about $3 billion a year of research and development spending on the Starship rocket program, plus the enormous computing costs of the AI operation. In plain terms, one highly profitable business is funding two gigantic bets.
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What a $2.1 trillion price tag demands What makes the record more than trivia is what it implies about expectations. At about $2.1 trillion, SpaceX trades at more than 100 times its trailing revenue -- not its earnings, its revenue. A price like that requires nearly everything to go right: Starlink must keep compounding for years, Starship must eventually turn its development spending into dramatically cheaper access to space, and the AI bet must justify losses that are widening, not narrowing. The $75 billion raised in the IPO buys time, but it doesn't change what has to happen.
Fresh evidence is coming. SpaceX hasn't yet announced the date of its first earnings report as a public company, but that report -- expected this summer -- will offer the first new numbers since the prospectus, including whether Starlink's growth and margins are holding up and how fast the Starship and AI spending is scaling.
The answer to the headline question, then, is yes: Investors should care -- not because losses disqualify a stock, but because of the expectations this price locks in. Amazon lost money for years and became one of the great investments of all time. The difference is that Amazon's doubters could buy it for tens of billions. SpaceX asks investors to pay a price that already assumes the bets pay off, from a company that has yet to file a single quarterly report as a publicly traded company, with fortunes still closely tied to CEO Elon Musk.
Personally, I'll let the first few earnings reports answer the questions the prospectus can't. Records are fascinating. That doesn't make them buyable.
Shares of Apple (AAPL +4.88%) rose on Thursday, following reports that the iPhone maker was gearing up for a lucrative new product launch.
Image source: The Motley Fool.
Foldable iPhones could make their debut early next year Apple is reportedly planning to launch at least five new iPhone models in the first half of 2027, according to Nikkei Asia. That includes a foldable, premium-priced "iPhone Ultra" model.
Apple is said to have boosted its production goal for its new foldable phones to 10 million units, up from a prior target of about 8 million.
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The iPhone Ultra could carry a price tag of roughly $2,500, according to market intelligence firm IDC, and as high as $3,000 with increased storage.
Hunting for cheaper memory Apple is also reportedly seeking a better deal on memory chips. To do so, it's attempting to source them from Chinese chipmakers ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies (YMTC), according to Bloomberg.
Apple was recently forced to raise prices for Macs and iPads to offset the soaring costs of memory and other components.
If Apple can broaden its production network, it could help to ease supply shortages. Lower memory and other input costs would also bolster Apple's profit margins.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy.
On July 02, 2026, DaVita Inc (DVA) shares rose 3.0% to a current price of $234.91. The stock has experienced significant price appreciation recently, with a 10.
At Wednesday's close, one share of CrowdStrike (CRWD +0.52%) cost $772.74. On Thursday morning, it cost about $193. Nothing about the company changed overnight -- shareholders simply woke up with four times as many shares, each worth a quarter as much. The cybersecurity specialist's first-ever stock split, a 4-for-1 move announced alongside its earnings report in June, took effect with Thursday's trading.
A dramatically lower share price has a way of making a stock feel more affordable. And that feeling invites the classic post-split question: Is CrowdStrike a buy at today's price?
The honest answer starts with an unsatisfying truth: The split itself tells us nothing.
Image source: Getty Images.
What a split does -- and doesn't do CrowdStrike executed the split as a stock dividend, giving investors of record on June 25 three additional shares for every one they owned, distributed after the market closed on July 1. Companies typically do this after a big run-up, partly to make shares feel accessible to smaller investors and employees.
But a split adds no value. The business is worth what it was worth on Wednesday. And with most brokerages now offering fractional shares, the practical benefit of a lower share price is smaller than it once was. At most, a first-ever split reads as a statement of confidence from management -- a signal the company expects its best days to continue. That's nice, but it isn't an investment case.
The investment case has to come from the business and the valuation. So let's look at both.
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What $193 actually buys The good news for would-be buyers is that CrowdStrike's business is genuinely accelerating. Revenue in the company's fiscal first quarter of 2027 (the period ended April 30, 2026) rose 26% year over year to $1.39 billion. That was an acceleration from 23% growth in the prior quarter and 22% growth for all of fiscal 2026.
The demand signals underneath look even better. CrowdStrike added $255.8 million of net new annual recurring revenue during the quarter -- a first-quarter record, and up 32% year over year -- bringing total annual recurring revenue to $5.51 billion, up 24%. When net new recurring revenue grows faster than the existing base, it points to demand that is strengthening, not maturing. Management credits the artificial intelligence (AI) boom, as companies deploying AI need to secure the new systems and data that come with it.
"CrowdStrike is AI security infrastructure, critical to successful AI adoption," said founder and CEO George Kurtz in the company's fiscal first-quarter earnings release.
Profitability is finally showing up, too. CrowdStrike swung to generally accepted accounting principles (GAAP) net income of $27.8 million in the quarter, compared to a $104.3 million loss a year earlier. Free cash flow hit a record $468 million -- an impressive 34% of revenue. And management raised its full-year outlook, now guiding for about $5.9 billion in revenue, implying roughly 23% growth.
So the business earns high marks. The problem is that the market has known all of this for a while, and it has bid the stock accordingly.
At about $193 per share as of this writing, CrowdStrike trades at more than 150 times the midpoint of management's non-GAAP (adjusted) earnings guidance for fiscal 2027, and at about 33 times this year's expected revenue. On a GAAP basis, the company has only just crossed into profitability -- that $27.8 million of net income came on $1.39 billion of revenue. A multiple like that assumes the current acceleration persists for years while profits scale dramatically the whole way.
So, does a $193 price tag make CrowdStrike a buy? Not on its own. The split changed the share price, not the price of the business -- and the business, as wonderful as it is, still costs as much as it did on Wednesday. And I wouldn't sell a company executing this well. But I also wouldn't start a position just because the sticker looks smaller, either. Personally, I'd wait for the valuation to come down before buying -- whether through a lower stock price or through a few more years of the earnings growth CrowdStrike keeps delivering.
President Donald Trump defended his billion-dollar cryptocurrency windfall on Thursday, asserting there was nothing “illegal” or “wrong” about it.
Crypto Is A ‘Big Deal’During an interview with CNBC, Trump said cryptocurrency is a “big deal,” reiterating his longstanding position that the U.S. must lead in the space or risk ceding dominance to China.
When questioned about the over $1 billion he and his family made from cryptocurrency ventures during his first year in office, Trump said, “There’s nothing illegal, there’s nothing wrong with it.”
Trump also revealed that he had been involved in the cryptocurrency business before becoming president, while sidestepping questions about conflict of interest.
“I was here before. I was there before I was in office,” he said.
Trump’s Staggering Crypto IncomeTrump said that he takes no personal role in his investments and that “big institutions” manage and allocate the money on his behalf. In a remark that went viral, Trump said, “I am profiting because the stock market is going up. Everybody is profiting.”
A White House spokesperson told Benzinga earlier that all actions by the Trump administration are taken in the "best interest of the American people," while rejecting any suggestions of "conflict of interest."
Photo Courtesy: Joey Sussman on Shutterstock.com
Market News and Data brought to you by Benzinga APIs
Electric vehicle (EV) company Rivian’s (RIVN +8.44%)stock accelerated impressively following its latest news about deliveries on Thursday. That all-important auto industry metric was significantly higher than expected, prompting the company to raise its full-year guidance. Investors rewarded this by pushing the shares up by more than 8% that trading session.
Delivering the goodsThat morning, Rivian provided the delivery and production figures for its just-concluded second quarter. The period saw the EV company produce 12,613 vehicles, with deliveries totaling 12,194. The latter figure topped the company’s own forecast — actually, a better term might be “crushed,” as it was guiding for 9,000 to 11,000 for the period. It was also well above the second quarter 2025 number of 10,661 and first quarter 2026’s 10,365.
Image source: Getty Images,
Management attributed this far better-than-expected result to the uptake of the EDV line of delivery vehicles, as well as demand for the R1 pickups and large SUVs. It also benefited from the rollout of the R2, a crossover SUV it started shipping in June.
With these rather stiff tailwinds at its back, Rivian cranked its full-year 2026 delivery guidance higher. It now anticipates shipping 65,000 to 70,000 units, notably up from the previous estimate of 62,000 to 67,000.
In its update, the company also set a date for the release of that quarter’s financial results. This is slated for Thursday, July 30, after market close.
Rivian’s impressive, guidance-trouncing performance wasn’t an isolated occurrence in the EV sphere. Also on Thursday, Tesla (TSLA 7.35%) , for one, opened the hood on its own second-quarter production and delivery figures. It revealed that its total deliveries were 480,126. Unlike Rivian, Tesla doesn’t provide guidance on this metric; still, for the quarter, it handily beat the consensus analyst estimate of 396,466, per data compiled by Bloomberg.
As for comparisons to previous periods, Tesla’s deliveries for the second quarter of 2025 were 384,122, and for the first quarter of this year, 358,023.
Oil shockSome might think these estimates-beating numbers herald a recovery for the broader EV industry, which has had its struggles this year.
It’s worth bearing in mind, though, that a key reason why deliveries were up more than anticipated is the surge in gasoline prices on the back of the Iran war (which, for obvious reasons, hiked the price of crude oil significantly). A major selling point for EVs has always been their cost-effectiveness in operation compared with traditional internal combustion engine (ICE) models. Assuming the conflict ever ends with a meaningful settlement, prices at the pump should start declining meaningfully.
While that should negatively affect the entire EV space, Rivian still has strong momentum pushing it forward. In the coming years, it will expand its manufacturing footprint significantly, with a factory in Georgia currently under construction aided by a downsized but still substantial low-interest $4.5 billion loan from the Department of Energy (DOE). It still produces its vehicles at a single Illinois facility.
The company also clearly has a compelling new(ish) product with the two EDV models, selling into a niche that should only grow in a world becoming ever more accustomed to quick deliveries from merchants. And while it’s too soon to gauge how much of a hit the R2 will be with consumers, it’s an attractively-priced model that elegantly complements the larger and more expensive R1 SUVs in the lineup.
Personally, I remain somewhat wary of the wider EV sector, as I think its once-explosive growth story has largely played out. But for those who are more bullish on the technology, Rivian is a suitable investment. I do have to caution that the auto industry in general is capital-intensive (and therefore frequently unprofitable), always vulnerable to swings in consumer taste, and cyclical with the broader economy.
Shares of Robinhood Markets (HOOD) closed the holiday-shortened week in strong fashion, surging after the financial technology (fintech) company introduced Robinhood Chain — an internally developed Ethereum-based layer 2 blockchain that will serve as a foundation for the company’s burgeoning presence in the world of tokenized assets.
The news sent the Direxion Daily HOOD Bull 2X ETF (HODU) — designed to deliver 200% of the daily returns of the stock — soaring, confirming the ETF lived up to its billing as a fine one-day instrument. That doesn’t mean tactical traders should ignore the geared Robinhood ETF going forward. As Robinhood Chain evolves, it could be a headline-generator and catalyst for short-term usage of HODU.
“Without institutional-grade oracle infrastructure, tokenized assets cannot scale or maintain the security required by regulated market participants,” according to the company. “Operating as an Ethereum layer-2 network built on Arbitrum’s Orbit technology, Robinhood Chain addresses these inefficiencies with Chainlink by establishing an environment built specifically to unlock advanced onchain finance use cases for everyday Robinhood users.”
Tailwinds Abound for HOOD, HODU Wall Street is taking note of Robinhood’s broadening product base — one that could bring opportunity for traders to embrace the leveraged HODU. On Thursday, Mizuho named the financial services stock one of its top picks for the month of July. Analyst Dan Dolev rates the stock “outperform” with a $115 price target.
“Investors have been concerned historically with HOOD’s user graduation risk (i.e. leaving HOOD for a financial advisor),” Dolev wrote in a report to clients. “We believe that the company has done an impressive job mitigating these factors through the acquisition of TradePMR (financial advisor marketplace) as well as its continued strong execution on its product roadmap of comprehensive financial services.”
Another well-documented catalyst for Robinhood and HODU is the company’s emerging prediction market footprint. A recent report by Artemis suggests that as of June 25, 12.3 billion event contracts changed hands via Robinhood, potentially (not confirmed) stoking revenue of $123 million. If that proves to be the quarterly number, it’d put the company within striking distance of its previously stated goal of a $500 million annual run rate in event contracts.
Robinhood’s event contract growth is important for another reason that’s relevant to traders considering HODU. That business could soon surpass cryptocurrency in terms of revenue contributions. Crypto is arguably the more volatile of those two endeavors. Said another way, Robinhood’s digital currency transaction revenue can and does languish during crypto bear markets.
For more news, information, and strategy, visit the Leveraged & Inverse Content Hub.
@trishoolai, the team behind Bittensor's (@opentensor) subnet 23, has released HaloGuard 1.0, a real-time prompt safety model that claims top-one rankings across seven established safety benchmarks. The launch, announced on July 2, puts a relatively compact model up against offerings from much larger AI labs.
Small models, strong resultsHaloGuard comes in two sizes. The 4B parameter version claims first place across all seven benchmarks it was tested on. The 0.8B version is positioned as a lightweight option that outperforms models several times its size, making low-latency deployment far more practical for developers building on AI pipelines or agent frameworks.
The core design philosophy is interception rather than remediation. HaloGuard screens prompts before they reach the underlying model or agent, catching potentially harmful inputs at the front door rather than filtering outputs after damage is done.
Built to break itselfThe subnet's incentive structure is what distinguishes it from conventional safety tooling. The system creates a competitive environment where miners submit adversarial prompts to identify potentially problematic behaviors. In plain terms, miners are paid to find ways to break the model, and each successful attack feeds back into a patch cycle. Trishool turns AI red-teaming into a decentralized, ongoing process, so that as AI gets smarter, the defenses and safety checks improve alongside it.
Trishool describes itself as a decentralized alignment layer designed to establish sovereign, market-validated safety for artificial intelligence, built to create a trustless mechanism for safe superintelligence by automating the safety loop at a planetary scale.
An earlier alpha version of HaloGuard is already running live on the Chutes subnet, the AI inference subnet that generated $43M in Q1 2026 real AI revenue, where it has reportedly recorded an 87% F1 score on real traffic since May. That live deployment gives the benchmark claims some grounding in production data, rather than controlled test conditions alone.
Bittensor is an open-source platform where participants produce digital commodities including AI inference and training. It is composed of distinct subnets, each an independent community of miners who produce the commodity and validators who evaluate the miners' work. HaloGuard's launch is a concrete example of that model being applied directly to AI safety infrastructure.
Just as US banks fight a landmark crypto bill days before a Senate vote, Mantle is moving in the opposite direction—actively building the infrastructure to bring traditional financial assets onto public blockchain rails. The Ethereum layer-2 network, positioning itself as a distribution layer bridging off-chain capital and on-chain liquidity, released its H1 2026 milestones on Thursday, according to the original report, with a clear emphasis on real-world asset (RWA) integration.
Mantle’s update comes during a quarter when the tokenization of traditional assets has moved from experimentation to execution. In recent weeks, Bullish agreed to buy Equiniti for $4.2 billion, Ondo Finance settled a live Treasury trade with JPMorgan, and the total value of tokenized RWAs crossed $20 billion on-chain. That backdrop makes Mantle’s mid-year report a window into how layer-2 networks are positioning themselves to capture the next wave of institutional flow.
What Mantle Actually Announced The PRNewswire release is light on specifics—it teases H1 2026 achievements but doesn’t enumerate them. Yet the title itself, “Building the Financial System in Full Force for Real-World Assets,” signals that Mantle is deepening its focus on RWA tokenization, likely through partnerships with traditional finance firms or enhancements to its developer tooling. The chain, which uses optimistic rollup technology, has been steadily building a DeFi ecosystem, but this pivot suggests its next growth phase will be tied to assets that originate outside crypto.
For traders and liquidity providers, the implication is a potential expansion of yield-bearing instruments on Mantle—think tokenized bonds, private credit, or money market funds—that could absorb the stablecoin liquidity already sitting idle across DeFi. For institutional users, the network’s low fees and fast finality make it a candidate for settlement layers that don’t require permissioned chains. The missing piece is regulatory clarity, something Mantle’s release conspicuously avoids.
The Regulatory Wildcard No discussion of real-world assets on public blockchains can ignore the regulatory environment. The same US banks that are demanding last-minute changes to a pro-crypto bill have enormous influence over the legal treatment of tokenized securities. If the GENIUS Act (or a successor) passes without adequate safe harbors for on-chain assets, platforms like Mantle could face an uphill battle convincing risk-averse asset managers to issue directly on a public L2 rather than through a licensed alternative trading system. That legislative drama creates a binary situation: either a flood of new tokenized instruments arrives, or DeFi-native RWAs remain a niche experiment.
Mantle’s announcement doesn’t engage with this directly, but the network’s choice to double down on RWAs is a bet that the regulatory path will eventually clear. It’s a bet shared by most of the tokenization sector, which has been accumulating infrastructure even as legal frameworks lag.
Meanwhile, network data suggests Mantle’s developer activity is edging upward, though it remains behind heavyweights like Ethereum and BNB Chain. A sustained RWA push could change that, drawing developers who previously worked on private blockchain projects into the public layer-2 ecosystem. The network’s low fee structure and Ethereum compatibility lower the barrier for financial engineers to experiment with tokenized asset protocols.
On-Chain Finance Without the Middlemen What sets Mantle apart from other layer-2 solutions is its explicit role as a distribution layer—not just a scaling solution for Ethereum, but a venue where traditional financial products can be assembled, packaged, and distributed to on-chain users without the full stack of intermediation. That vision aligns with a broader industry shift toward direct-to-wallet assets, but it also invites competition from institutional-focused chains like Avalanche, Polygon, and even Ethereum mainnet with its growing institutional DeFi tools.
The H1 2026 milestones, however vague, suggest Mantle is not waiting for consensus. The network is proceeding as if the market structure for on-chain finance will be built in the open, rather than behind closed doors by banking consortiums. Whether that confidence is rewarded depends on how quickly regulators decide whether public chains can host regulated assets at scale.
For now, Mantle’s report is less a roadmap and more a directional signal. It tells the market that layer-2 networks are no longer content to simply process transactions; they want to become the rails for the assets themselves. The tokenization race has a new entrant—one that plans to force the issue in the second half of 2026.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Ondo Finance has announced a partnership with financial infrastructure provider Broadridge to grant shared proxy voting rights and access to corporate documents for holders of tokenized stocks and exchange-traded funds (ETFs). This move aims to address a longstanding gap in blockchain-based securities: investor participation in governance.
Expanded rights and access for investorsAccording to a statement released on Thursday, investors holding more than 250 tokenized securities issued via Ondo can now participate in proxy voting and obtain corporate documents, including regulatory notifications. This enhancement is designed to let investors engage not only with the price action but also with the underlying corporate processes of the assets they hold.
Glossary: Broadridge is a US-based infrastructure firm that provides technology for the financial sector, covering investor communications, proxy voting, and back-office operations. Proxy voting allows shareholders to participate in general meeting votes either directly or by assigning voting rights to someone else.
Web3 integration for streamlined governanceThe new service integrates Broadridge’s investor communication platform in a Web3-compatible manner. Investors can verify their identities via blockchain wallets and, in turn, gain access to governance features typically reserved for direct shareholders in traditional markets.
Investors in more than 250 tokenized securities issued through Ondo will be able to cast proxy votes and access documents, including regulatory notifications, aimed at shareholders.
Tokenized stocks have attracted growing interest among digital asset platforms looking to bridge traditional financial products with blockchain technology. While this model offers benefits like faster settlement and 24/7 trading, it has left questions about how closely investors could approximate the rights of classic shareholders.
Ondo Finance will introduce these governance capabilities with its first US-custodied tokenized securities, including tokenized versions of BlackRock’s iShares Core S&P 500 ETF (IVV) and Micron Technology stock (MU). These assets are reported to be among the first issued under the US Securities and Exchange Commission’s third-party custody framework for tokenized securities.
The company announced it will launch its first US-custodied tokenized securities, including BlackRock’s iShares Core S&P 500 ETF IVV and Micron Technology shares MU.
Rapid growth in the tokenization marketOndo is among several firms seeking a share of this fast-growing market. Backed Finance, which offers tokenized stocks through its xStocks platform, recently expanded its scope, bringing products to multiple crypto exchanges and blockchain networks.
According to company data, the tokenized stock market has grown nearly fourteenfold since May 2025.
CategoryDetailOndo coverageOver 250 tokenized securitiesNew rightsProxy voting and corporate document accessMarket growthNearly 14x since May 2025RWA growthAbout 600% in the past yearTokenization has emerged as one of the fastest-growing trends in the crypto asset sector heading into 2026. A recent 21Shares report ties this momentum to accelerating institutional adoption and more robust infrastructure. Binance data also highlights that the total value of tokenized real-world assets, including stocks, has surged by around 600% over the past year.
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.
Ondo Finance has completed the first live onchain deployment of third-party tokenized U.S. securities under a structure designed to operate within the existing U.S. regulatory framework.
Summary
Ondo tokenized BlackRock’s IVV ETF and Micron shares on Ethereum. The model keeps underlying securities within regulated U.S. custody rails. Ondo’s launch follows rising competition from Exodus, Robinhood, and Securitize. According to Ondo Finance, the deployment brings shares of BlackRock’s iShares Core S&P 500 ETF (IVV) and Micron Technology (MU) onto the Ethereum blockchain while keeping the underlying securities inside the traditional U.S. custody system.
As America turns 250, U.S. securities have come onchain on U.S. rails.
Today, Ondo Finance announced the first-ever live solution of third-party tokenized U.S. securities operating entirely within the existing regulatory perimeter in the U.S., in partnership with @Broadridge… pic.twitter.com/auHGrXFtrv
— Ondo Finance (@OndoFinance) July 2, 2026 The company said the rollout coincides with July 4, when the United States celebrates 250 years of independence, and represents its first live implementation of this issuance model.
SEC-aligned structure keeps traditional custody intact Unlike many tokenized stock offerings launched outside the United States, Ondo said its model follows the third-party custodial framework outlined in a January 2025 staff statement from the U.S. Securities and Exchange Commission. Under that structure, the underlying IVV and Micron shares remain with regulated custodians instead of moving onto a blockchain.
Ondo said its registered transfer agent, Oasis Pro, issues Ethereum-based tokens backed 1:1 by the underlying shares. Financial infrastructure company Broadridge manages shareholder communications, proxy voting, and regulatory disclosures, allowing token holders to receive the same shareholder rights as investors holding the securities through traditional U.S. brokerage accounts.
Discussing the rollout, Ondo Finance CEO Ian De Bode said the milestone demonstrates the company’s approach to issuing tokenized securities within existing U.S. regulatory requirements.
“Ondo has built the regulatory, product, and service infrastructure to support all major models within the United States. Today’s milestone shows we can tokenize securities in ways that satisfy both market and regulatory requirements.”
The company noted that the product is not yet available to U.S. investors and is currently intended for eligible international users outside the country.
Tokenized securities race gathers momentum The launch comes as regulated tokenized securities continue to attract investment across financial markets. As previously reported by crypto.news, Ondo Finance recently partnered with Exodus Movement to introduce Exodus Markets, enabling eligible users in selected jurisdictions to trade more than 200 tokenized stocks, exchange-traded funds, and real-world assets through the Exodus self-custodial wallet on the Solana blockchain.
Competition in the sector has also intensified following Securitize’s public listing on the New York Stock Exchange under the ticker SECZ after its SPAC merger with Cantor Equity Partners II. Backed by BlackRock and Morgan Stanley, the company became the first publicly traded tokenization platform.
Questions over shareholder rights have remained a major issue for tokenized equities. The debate intensified in mid-2025 after OpenAI stated that it had not authorized Robinhood’s tokenized product linked to its shares and clarified that the tokens did not represent equity ownership in the company. The incident increased calls for clearer regulatory standards governing tokenized securities.
Ondo said its issuance framework addresses those concerns by routing token creation through a registered transfer agent while preserving the conventional custody chain, a structure the company believes aligns with existing U.S. market requirements.
Industry forecasts also point to continued expansion. In its June 2026 report, Citi projected the tokenized securities market could reach about $5.5 trillion by 2030. At the same time, Robinhood has introduced a public blockchain for tokenized stocks, the DTCC has expanded its blockchain infrastructure, and both the NYSE and Nasdaq have disclosed tokenization initiatives.
Ondo said it already manages more than $1 billion in tokenized stocks and ETFs covering over 430 securities outside the U.S. Separately, Ripple recently unveiled a lending protocol on the XRP Ledger that allows banks to borrow against tokenized assets, adding another example of financial institutions building infrastructure around tokenized real-world assets.
ONDO, the native token of Ondo Finance, has recently made headlines both for its price surge and growing attention from long-term investors. As of the latest data, ONDO was trading at $0.3337, entering what analysts describe as a crucial accumulation zone. The token notched a 7.44 percent gain in the last 24 hours, with trading volumes reaching $84.29 million and its market capitalization touching $1.62 billion, fueling rising expectations for a broader market recovery.
Accumulation zone attracts attentionCrypto analyst Crypto Patel notes that ONDO’s chart is drawing long-term investors’ eyes, as the token enters the key accumulation range of $0.28 to $0.20. Analysts suggest this zone could become one of the most significant entry points for spot purchases in the current cycle.
According to Crypto Patel, the $0.28 to $0.20 band has become a critical accumulation area vigilantly watched by long-term investors in ONDO. Consistent buying in this range could lay the groundwork for a wider market rebound.
If the buying interest continues in this zone, analysts believe ONDO may see a stronger recovery trend. Nevertheless, overall market conditions remain the decisive factor for such scenarios. Notably, Bitcoin’s bullish moves have been supporting increased risk appetite in altcoins, including ONDO.
Real-world asset theme strengthens the outlookOndo Finance stands out among blockchain projects focused on real-world assets. The platform positions itself within the fast-growing sector of tokenizing traditional financial instruments, a theme that has gathered momentum as institutional investors increasingly migrate assets into digital formats. This trend is seen as a key factor supporting Ondo’s long-term prospects.
Mini glossary: Real-world assets refer to traditional financial products such as stocks, bonds, or funds that have been transformed into digital tokens on the blockchain. Tokenized stocks, for instance, are digital representations that allow investors to access these assets via on-chain infrastructure.
Some market observers argue that if the accumulation process remains intact, ONDO could test higher price levels. However, they also caution that such projections are far from guaranteed, given that cryptocurrency prices often fluctuate rapidly with changing market sentiment, liquidity, and investor behavior.
Rapid expansion in tokenized stocksData from Ondo Finance highlights that tokenized stocks have become one of the fastest-growing segments in the digital asset space. Over the past year, this sector has expanded roughly 13.6-fold, with the on-chain value reaching $1.67 billion. This spike is attributed to rising investor demand for blockchain-based access to conventional financial instruments.
A major portion of this growth has come from Ondo Global Markets, a primary component of the Ondo ecosystem that aims to bridge decentralized finance with traditional market instruments. As institutional adoption gains traction, tokenized stocks are becoming a hot spot, straddling the intersection of blockchain and traditional finance.
Market dynamics also drive price actionThe recent surge in ONDO is not solely rooted in project-specific developments. Signs of a broader recovery across the crypto market, particularly Bitcoin’s renewed upward momentum, are also fueling upward movement in altcoins. For this reason, ONDO’s progress is being closely monitored through both its fundamentals and overall market trends.
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.
Ondo Finance’s latest solution, which enables the fully on-chain usage of third-party tokenized securities in compliance with US regulations, has renewed market interest in the ONDO token. While the tokenization of real-world assets is not a new concept, this move has been highlighted as a significant development that further bridges traditional financial markets and blockchain infrastructure.
Regulatory milestone achievedOndo Finance has announced a partnership with Broadridge Financial Solutions, a company well-established in financial infrastructure and market technologies. Through this collaboration, Ondo has taken the lead by deploying the first viable framework that allows third-party tokenized US securities to operate within the existing US regulatory environment.
Mini glossary: A tokenized security refers to the digital representation of a stock or similar financial asset on a blockchain. Third-party tokenization means this process is carried out technically by an entity other than the original issuer of the security.
Ondo Finance has revealed that, for the first time, a third party has tokenized US-listed securities on a public blockchain, all while ensuring compatibility with the current US regulatory and market infrastructure.
This announcement is regarded not only as a new product launch but also as a clear sign of growing institutional interest in blockchain-based securities markets that meet regulatory requirements. The sector is increasingly cited among key drivers for the long-term growth of the crypto industry.
ONDO price outlook shows key levelsFollowing the news, ONDO has come under close market scrutiny. The token is presently trading around $0.33, having retreated roughly 3% over the last 24 hours. Despite this decline, technical indicators suggest that while short-term selling pressure lingers, signs of weakening are also emerging.
According to TradingView data, ONDO remains below the middle Bollinger Band at $0.36, indicating that sellers are still active in the short-term. However, the price holding above the lower Bollinger Band at $0.32 implies that the latest selling wave has temporarily slowed down.
The Relative Strength Index has recovered to 48.7. Although this suggests that the momentum is approaching neutral territory, a definitive upward breakout has yet to materialize.
Cautious optimism in derivatives marketData from CoinGlass also sheds more light on the situation. Although there has been a correction in ONDO’s price during June, open interest in the market has not seen a sharp fall, staying relatively stable between $140 million and $150 million. This indicates that participants in the derivatives market are largely holding their positions, rather than closing them out.
Looking ahead, the area between $0.36 and $0.37 is being watched as the main resistance zone. Should the price break above this range and open interest increases, this could pave the way for stronger capital inflows and a more robust recovery. Conversely, if ONDO loses support at $0.32, the risk remains for renewed selling pressure in the short term.
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.
A small portion of society lacks a banking relationship, which makes it very difficult to operate in the modern world. Most people have at least one banking relationship, if not more. The economy simply wouldn't function without a place for consumers to put cash or a way for them to get loans. And that doesn't even get into the business-related services banks provide.
Most investors should have some exposure to the banking sector. However, not all banks are created equally. You need to tread with care, focusing on financially strong banks that have proven they know how to reward investors with reliable dividends in good times and bad. Here are some banks to consider today.
Image source: Getty Images.
The Great Recession was an important lesson Some of the most iconic U.S. banks got caught up in the housing crisis that precipitated the Great Recession. The list includes Bank of America (BAC +0.63%), Citigroup (C 0.11%), and Wells Fargo (WFC 0.50%). (Some once notable U.S. banks didn't survive the crisis, having taken on too many risky mortgages.) All three cut their dividends. Wells Fargo also found itself caught up in a business scandal that exposed internal operating weaknesses (accounts being created without customer consent). It cut its dividend again in the early 2000s.
These aren't bad banks. And it wouldn't be a mistake to buy any of them. But you can probably do better. For example, Goldman Sachs (GS +0.19%) had a dividend blip in the Great Recession, but for the most part, it survived that difficult period in relative stride. It has many of the attributes an investor should look for in a bank, offering investment and asset management services, among others. However, it appears expensive right now with a 2.9x price-to-book ratio. That's well above the 1.4x five-year average. The dividend yield is a fairly modest 1.8%.
GS Dividend data by YCharts
More compelling choices, north of the border Toronto-Dominion Bank (TD 2.41%) and Bank of Nova Scotia (BNS 2.23%), more commonly known as Scotiabank, are likely to be more attractive choices. TD Bank's yield is currently 2.6%, while Scotiabank's yield is 3.7%. So you are getting paid more to own them. And, notably, neither was forced to cut their dividends during the Great Recession. That said, like Wells Fargo, TD Bank ran afoul of banking regulators. Only it didn't end up in a position where it had to cut its dividend because of the issue (weak money-laundering controls).
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Meanwhile, TD Bank and Scotiabank aren't as cheap as they once were, but neither is as expensive as Goldman Sachs. TD Bank's P/B ratio is 2.5x compared to a five-year average of 1.5x. Scotiabank's P/B ratio is 2x versus a five-year average of 1.3x. One notable difference here is that both TD Bank and Scotiabank are Canadian, where banking regulations are more strict. They tend to operate in a fairly conservative manner throughout their businesses, which span beyond Canada's borders.
That said, there's an added benefit here. Canadian banking regulations have basically resulted in a small number of large banks having protected market positions. TD Bank and Scotiabank are two such banks. So each of them has a very strong foundation. TD Bank's growth is largely in the U.S. market, where it mostly operates on the East Coast. So it has long-term growth potential. It is also focused on expanding in the investment banking space, where Goldman Sachs is an industry leader.
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Scotiabank is a bit of a turnaround story. It had skipped over the U.S. market, focusing instead on Central and South America for growth. That plan didn't work out as well as hoped, so it is now refocused on the Mexico-to-Canada trade corridor, with renewed interest in the U.S. market. Given its historically minimal U.S. exposure, it has a sizable growth opportunity in the U.S., too.
Good banks, attractive and reliable dividends All of the banks highlighted above are well capitalized today. However, the U.S. banking system did not exemplify itself during the Great Recession. Among the domestic banks noted here, Goldman Sachs comes out on top when you examine that deep industry downturn. It is expensive today, however, and you can find banks rewarding you with more generous dividend yields.
Two attractive alternatives are TD Bank and Scotiabank. Neither is exactly cheap, but they are cheaper than Goldman Sachs. And both have diversified businesses, strong operating histories, and attractive growth opportunities in the U.S. market. Take some time to dig into the finer details, and you'll likely consider adding one of these two banks to your portfolio in July.
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 PODD over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Financial disclosures included in the public ethics filings of US President Donald Trump have revealed that his income linked to digital assets has topped $1.4 billion. The documents show that the majority of this revenue came from licensing deals associated with the TRUMP memecoin and activities related to World Liberty Financial.
Majority of revenue tied to memecoin licensing and financial operationsAccording to notifications submitted to the US Office of Government Ethics, more than $600 million derived from licensing and royalty income connected to the TRUMP memecoin. Another line item, totaling over $500 million, came from operations involving World Liberty Financial. Together, these two entities affiliated with the Trump family account for almost the entire reported digital asset income.
Mini glossary: World Liberty Financial is a digital asset startup focused on governance tokens and stablecoin products. A stablecoin is a type of crypto asset whose value is generally pegged to an asset like the US dollar.
In response to reporters’ questions, Trump stated he does not directly oversee his personal investments. He said his assets are managed through blind trust arrangements handled by external fund managers, meaning he is not involved in day-to-day financial decisions.
Donald Trump explained that he does not personally manage his investment portfolio; instead, his assets are managed by professional fund managers via blind trust structures.
Income sourceAmountTRUMP memecoin licensing and royaltiesOver $600 millionWorld Liberty Financial incomeOver $500 millionTotal digital asset incomeOver $1.4 billionResurgent debate on ethics and conflict of interestThe revelations have reignited debate among ethics experts and Democratic politicians. Critics argue that blind trust mechanisms are only effective if the beneficiary has no meaningful information or influence over the underlying assets. Increased scrutiny is also falling on the overlap between Trump-branded enterprises operating in the digital asset space and policy measures that support the sector.
Following the launch, the TRUMP memecoin’s price surged above $74 before retreating to around $1.68. Market analysts estimate that retail investors may have collectively lost billions of dollars during this decline. In contrast, Trump-linked businesses continued to report strong licensing income.
While the TRUMP memecoin spiked above $74 after launch and later fell to around $1.68, licensing revenues connected to the token remained strong.
World Liberty Financial’s governance tokens also saw steep losses after hitting the market. Additionally, a $500 million investment reportedly originating from the United Arab Emirates just before Trump’s inauguration has fueled calls for greater ethics oversight.
Digital asset policies under the microscopeThe Trump administration remains vocal in its support of digital asset initiatives. This includes backing stablecoin regulation through the proposed GENIUS Act. Opponents maintain that closer examination is needed where family-associated commercial interests intersect with policy developments in cryptocurrencies. Nevertheless, official authorities have not yet identified any legal violations at this stage.
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.
VALR will become the first major regulated exchange to natively integrate Hyperliquid, sourcing onchain liquidity for 200+ perps markets.
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VALR, Africa's largest crypto exchange by volume, is launching over 200 Hyperliquid-powered perpetuals markets, marking the first major regulated exchange to integrate the chain to expand its own offerings.
What's the Scoop?The Launch: Starting July 6th, users will be able to go long or short markets directly through VALR's web app, with mobile to follow. The product builds on the exchange's existing derivatives infrastructure, which launched its first perpetuals in 2023.Available Markets: At launch, coverage will include pre-IPO and listed equities (SpaceX, NVIDIA, Tesla, Apple, Samsung, Palantir), global indices like the S&P 500, energy and metals (Brent, WTI, natural gas, gold, silver, copper), major forex pairs (EUR/USD, GBP/USD, USD/JPY), and a broad crypto selection.The Reach: VALR serves over 1.9 million registered users and 1,900 institutional clients, licensed by South Africa's FSCA with a provisional Cayman license.
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Written by David Christopher
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David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.
TradingView has expanded its market coverage by adding real-time data for Hyperliquid and Trade[XYZ], giving users access to onchain perpetual and spot markets directly through its charting platform.
Summary
TradingView has added real-time Hyperliquid and Trade[XYZ] market data to its charting platform. Users can now track crypto, equities, commodities, forex, and pre-IPO perpetual markets around the clock. The integration comes days after Singapore’s MAS placed Hyperliquid on its Investor Alert List. According to TradingView, the new integration brings live pricing for Hyperliquid’s crypto perpetual and spot markets alongside Trade[XYZ] markets covering equities, commodities, foreign exchange, and pre-IPO companies.
Trade[XYZ] and Hyperliquid data is now live on @tradingview. Putting this data where traders live has been a top priority for us.
Markets are increasingly shaped by events unfolding around the clock, and price discovery shouldn't stop when traditional venues close.
Users now…
— trade.xyz (@tradexyz) July 2, 2026 The data is available through TradingView’s Supercharts, allowing traders to follow price movements throughout the day, including when traditional financial markets are closed.
The addition extends the range of assets available on TradingView without requiring users to leave the platform for onchain market data. Hyperliquid markets appear under the HYPERLIQUID symbol prefix, while Trade[XYZ] listings can be accessed using the HIP3XYZ prefix through the platform’s symbol search.
Hyperliquid expands beyond its core exchange Built on its own layer-1 blockchain, Hyperliquid operates an onchain perpetual futures exchange that currently supports more than 300 perpetual and spot markets across cryptocurrencies, commodities, and indices.
The ecosystem has also grown through HIP-3, a protocol upgrade that allows third-party developers to launch perpetual markets using Hyperliquid’s infrastructure. Under that framework, Trade[XYZ] has become the first major deployment, offering perpetual markets tied to multiple asset classes, including cryptocurrencies, equities, as well as crypto spot trading.
By adding both Hyperliquid and Trade[XYZ] feeds, TradingView has made those markets available alongside its existing charting tools, enabling traders to monitor perpetual contracts and spot assets from a single interface.
Regulatory attention has continued alongside platform growth The TradingView integration comes days after the Monetary Authority of Singapore added Hyperliquid to its Investor Alert List, as previously reported by crypto.news.
According to the regulator, the listing covers both the Hyper Foundation website and the Hyperliquid trading application. MAS said the Investor Alert List is intended as a consumer protection measure identifying entities that could be mistakenly viewed as licensed or regulated by the authority. The regulator also stated that inclusion on the list does not constitute a ban or an enforcement action.
Following the listing, Hyperliquid said it had never claimed to be licensed or authorized by MAS.
Despite the regulatory attention, the decentralized exchange has remained one of the largest trading platforms in the sector. According to CoinGecko, Hyperliquid ranks as the sixth-largest decentralized exchange by trading volume. Separately, DefiLlama estimates that the protocol currently secures about $5.76 billion in total value locked.
The latest TradingView integration gives market participants another way to follow activity across Hyperliquid’s expanding ecosystem, combining live data from crypto perpetuals, spot assets, and Trade[XYZ]’s cross-asset markets within a single charting environment.
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.
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.
Pudgy Penguins (PENGU) is hovering near $0.0064. The chart shows the early stage of an uptrend. Pudgy Penguins (PENGU) is battling to move in any direction within the extreme fear market. Bulls are attempting to flip the asset’s momentum green. Moreover, the technical structure is leaning bullish, and the short-term price movement shows a positive trend to set in the PENGU market.
If the buyers firmly work on the ground, the momentum stays green. Significantly, Pudgy Penguins is currently trading at around the $0.006448 range, with a 4.84% rise in value over the last 24 hours. The current price is holding above the daily low at $0.006084, with the highest trading level noted at $0.006451.
Pudgy Penguins’ price structure depends on its upcoming ranges, and the initial resistance level might be positioned at $0.006490. The price action would climb higher with the assistance of bulls to the $0.006548 level. A stronger move above $0.0066 confirms that buyers are in control, gradually aiming higher targets.
On the flip side, the immediate support after the bears re-enter the PENGU market would be at $0.006401. The price momentum may follow the downside correction and hit a low of $0.006358. A deeper plunge toward or below $0.0062 is crucial for the token’s trajectory, where it may continue to retrace or stall.
Is Pudgy Penguins Heading Toward the Green Side? The four-hour technical chart of PENGU reveals that the MACD is above the zero line while the signal line is just below the zero line. It hints that the bullish momentum is starting to strengthen. The short-term trend has turned positive, and the broader momentum is still catching up.
This setup often reflects an early stage of a bullish trend, with buyers gradually gaining control if the asset’s momentum continues to improve.
Furthermore, Pudgy Penguins’ daily Relative Strength Index (RSI) is stationed at the 60.26 level, and it exhibits a healthy bullish momentum. The value is comfortably staying above the neutral level, with the buyers currently having the upper hand.
At the same time, it also remains below the 70 overbought threshold, suggesting there is still room for more upside before the market becomes overstretched. This supports a positive price outlook, provided buying momentum continues to hold.
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Ethereum (ETH) Bears Pressure the $1,100 Support: Can Buyers Defend It?
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