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SummaryMicrosoft's RPO surged 99% year over year to $627 billion, with approximately $157 billion expected to convert into revenue within 12 months.AI monetization extends beyond inference, driving strong growth across Cosmos DB, OneLake, Azure infrastructure, storage, compliance, and enterprise data services.AI ARR reached $37 billion, up 123% year over year, while Azure is guided to deliver approximately 40% constant-currency growth next quarter.Microsoft's multi-model AI strategy and Maia/Cobalt silicon should reduce inference costs, supporting long-term margin expansion despite elevated infrastructure investments.Risks include a projected $190 billion FY26 CapEx program, declining cloud gross margins, regulatory scrutiny, and increasing competition following OpenAI's reduced exclusivity. tupungato/iStock Editorial via Getty Images

Investment Thesis Microsoft's (MSFT) narrative has changed dramatically over the last few quarters. The question now is not whether Microsoft can monetize AI but how much monetization has been locked in already. MSFT is

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in MSFT 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.

Verizon was just dropped from the Dow Jones Industrial Average and replaced by Alphabet. Verizon has raised its dividend for 19 straight years, one of the longest streaks in telecom.

Vancouver, British Columbia--(Newsfile Corp. - July 2, 2026) - Myriad Uranium Corp. (CSE: M) (OTCQB: MYRUF) (FSE: C3Q) ("Myriad" or the "Company") is pleased to announce that Phase II drilling at the Copper Mountain Uranium Project in Wyoming has commenced.

Highlights

Phase II drilling is now underway at the Copper Mountain Uranium Project in Wyoming. The first four holes will test mineralization at Lucky Cliff, a high-priority target area drilled by Union Pacific in the late 1970s and never followed up with modern techniques (see Figure 3).

Any mineralization confirmed at Lucky Cliff will be outside the 1982 U.S. DOE Bendix Engineering Report "Assessment Area" ("the Bendix Report") previously reported here (see Figure 1).

Once the holes at Lucky Cliff are complete, the Phase II program will turn to drilling areas, other than Canning, that are associated with historical resource estimates totalling 26.63 Mlbs eU3O8 contained in 44.1 Mt at an average grade of 171 ppm eU3O8, which are not being treated as current mineral resources or mineral reserves (see note about Historical Estimates below).

Canning contains roughly half of the historically estimated resources at Copper Mountain and was the focus of Myriad's highly successful 34-hole Phase I drill program in late 2024 (release here).

Phase II will also test new targets identified by our recent geophysics (release here), which have undergone verification by ground truthing using a hand-held gamma spectrometer.

The final stage of Phase II will be infill drilling to support a current mineral resource estimate under NI 43-101.

In 1982, Bendix Engineering for the U.S. Dept. of Energy reported an exploration target for Copper Mountain of 245 to 655 Mlbs eU3O8 contained within 1,111 Mt to 2,971 Mt (at 100 ppm eU3O8) and 222 Mt to 594 Mt (at 500 ppm eU3O8). Reported here and here (see Figure 1 and details below).

The potential tonnages and grades of the Bendix exploration target are conceptual in nature and are based on previous drill results and there has been insufficient exploration to define a current mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. See the section titled "Copper Mountain Exploration Target" below for more details.

Myriad's CEO, Thomas Lamb, commented: "Our aim for Phase II drilling will be to confirm mineralization, not just at the historically estimated areas of Copper Mountain, but also at entirely new targets identified through our successful geophysics programs and subsequent ground truthing. We also hope that Phase II, once complete, will provide support for a compelling current mineral resource estimate."

Mr. Lamb continued: "Beyond Phase II drilling, Myriad has a fast-moving and exciting 12 months ahead.

Our merger with Rush is in the final steps of completion and will consolidate 100% ownership of Copper Mountain. This will have many benefits, including increasing our market cap, attracting institutional investor interest, simplifying operational decision-making, and broadening access to financing.We plan to uplist to a major U.S. exchange.8VC-backed Subatomic will be advancing the Red Basin, NM project, in which we hold a 10% free carried interest (release here). Exploration of our Breccia Pipe Project in Arizona, which includes the Wate Pipe's high grade historical resource estimate, will commence (release here)."

Figure 1: Target positions relative to the Bendix Assessment area.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6301/303712_caea8a6de484c9fa_002full.jpg

Nasco Industrial Services and Supply (NISS) has deployed a Boart Longyear LF90D surface diamond core drill rig to Copper Mountain. The LF90D is a powerful, highly mobile surface diamond core drill rig known for its deep coring capacity and reliable hydraulic systems. It features a telescopic mast designed for both 3-metre (10 ft) and 6-metre (20 ft) rod pulls (Figure 2).

Figure 2: The Boart Longyear LF90D surface diamond core drill rig tramming to the project area at Copper Mountain.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6301/303712_caea8a6de484c9fa_003full.jpg

Lucky Cliff

Lucky Cliff is located about 2000 metres (6,500 feet) north of the Canning deposit, along the Myrtle's Fault trend. The target area was selected by Union Pacific as a drill target on the basis of favourable geological and geochemical criteria. Several strong N45°E structural trends are present, and the associated rock types are similar to those found at other mineralized occurrences in the project area. A close-spaced (500-foot center) stream sediment sampling program undertaken by Union Pacific identified several highly anomalous (to 118 ppm) zones, and follow-up work was designed to test these anomalies. Ground-truthing of radiometric anomalies by Myriad following the helicopter survey completed late last year identified one point above the target area with a surface measurement of 193.2 ppm eU, using a calibrated RS-230 Handheld Gamma-Ray Spectrometer. Handheld spectrometer readings are preliminary and indicative only, may be affected by environmental and geometric factors, are not assay results and may not be representative of uranium concentrations in rock samples.

At least twenty holes were drilled by Union Pacific in the late 1970s. At least 10 holes intersected mineralisation in excess of 100 ppm eU3O8 from depths as shallow as 20 ft (6 m). LK-9 intersected 355 ft of 0.027% eU3O8 starting at 59 ft (including 207 ft of 0.032% eU3O8). LK-11 intersected 31 ft of 0.020% at 21.5 ft and 59.5 ft of 0.025% at 83.5 ft. Other intersections in this target area included 15.5 ft of 0.055% eU3O8 at 55 ft in hole LK-10. Higher grades are associated with a mafic dyke intruding the main fault zone through the target area. There is no historic resource estimate for Lucky Cliff. Reported widths are historical downhole widths and true widths are unknown. Equivalent ("e") uranium grades were determined by AEC gamma probes using appropriate calibration factors. No original assay certificates or complete QAQC records have been reviewed by the Company or the Qualified Person for these historical drill results.

Figure 3: Planned drilling at Lucky Cliff. The purple shaded areas represent anomalous surface uranium measurements from Myriad's recent helicopter radiometric survey.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6301/303712_caea8a6de484c9fa_004full.jpg

Copper Mountain Exploration Target

In 1982, Bendix Field Engineering Corp. ("Bendix") identified an exploration target of 245 to 655 Mlbs eU3O8 contained within 1,111 Mt to 2,971 Mt (at 100 ppm eU3O8) and 222 Mt to 594 Mt (at 500 ppm eU3O8). This was based on previous exploration on the property by Union Pacific Corp. and Bendix own work, including data from over 1,370 historic drill holes. The exploration target and methodology were detailed in two reports by Bendix titled "An Exploration Systems Approach to the Copper Mountain Area Uranium Deposits, Central Wyoming (September 1982)" and "Copper Fountain, Wyoming, Intermediate-Grade Uranium Resource Assessment Project Final Report (September 1982)", respectively. The exploration target potential was derived from geologic reconnaissance and geochemical, geophysical, petrologic, borehole, and structural data interpretations that were used to develop a genetic model for uranium mineralization in these environments. Development of a structural scoring system and application of models in a high-confidence control area established the basis for estimations of the uranium target in the total assessment area covering approximately 39.6 square miles. The volume of the modeled areas determines the potential tonnage statement in the exploration target. The grade range given in the exploration target is determined with consideration to the drill results within the modeled exploration target area and consideration of the geological setting in an established exploration camp. The potential tonnages and grades are conceptual in nature and are based on previous drill results that defined the approximate length, thickness, depth and grade of the portion of the historic mineral resource estimate. There has been insufficient exploration to define a current mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Further details are available in the current NI 43-101 Technical Report.

Historical Resource Estimates

The historically estimated resources totalling 26.6 Mlbs eU3O8 contained in 44.1 Mt at an average grade of 171 ppm eU3O8 (using 100 ppm cut-off) were compiled from internal progress reports produced by Union Pacific subsidiary, Rocky Mountain Energy Company. In particular, a report titled "Copper Mountain Exploration Project Report" prepared by Southard, G.G., et. al., (1979) for Rocky Mountain Energy Company. The estimates were completed using polygonal methods based on modelled mineralization geometries. The historic resources were classified as Inferred and Indicated using U.S. Bureau of Mines categories at the time and do not necessarily correspond with the resource categories defined by current NI 43-101 definitions and guidelines. Details of the historical resource estimates are available in the current NI 43-101 Technical Report.

While Myriad Uranium has determined that the historical estimates described in this news release are relevant to the Copper Mountain Project Area and are reasonably reliable given the authors and circumstances of their preparation, and are suitable for public disclosure, readers are cautioned to not place undue reliance on these historical estimates as an indicator of current mineral resources or mineral reserves at the Project Area. A qualified person (as defined under NI 43-101) has not done sufficient work to classify any of the historical estimates as current mineral resources or mineral reserves, and Myriad Uranium is not treating the historical estimates as a current mineral resource or mineral reserve. Also, while the Copper Mountain Project Area contains all or most of each deposit referred to, some of the resources referred to may be located outside the current Copper Mountain Project Area. Furthermore, the estimates are decades old and based on drilling data for which the logs are, as of yet, predominantly unavailable. The historical resource estimates, therefore, should not be unduly relied upon.

Inherent limitations of the historical estimates include that the nature of mineralization (fracture hosted) makes estimation from drill data less reliable than other deposit types (e.g. those that are thick and uniform). From Myriad Uranium's viewpoint, limitations include that the Company has not been able to verify the original data itself and that the estimates may be optimistic relative to subsequent work which applied a "delayed fission neutron" (DFN) factor to calculate grades. On the other hand, DFN is controversial, in that the approach is viewed by some experts as too conservative. Nevertheless, it was applied in later resource estimations by Union Pacific relating to Copper Mountain. To verify the historical estimates and re-state them as current resources, a program of re-drilling is required to generate new data that can be used to establish the correlation and continuity of geology and grades between boreholes with sufficient confidence to estimate mineral resources.

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by George van der Walt, MSc., Pr.Sci.Nat., FGSSA, a "Qualified Person" as defined under NI 43-101. Mr. van der Walt is a Principal Consultant with The MSA Group (Pty) Ltd, an independent consultancy. A Qualified Person has not done sufficient work to verify historic exploration results or to classify the historical estimates referred to in this news release as current mineral resources or mineral reserves, and Myriad is not treating such historical estimates as current mineral resources or mineral reserves.

About Myriad Uranium Corp.

Myriad Uranium Corp. holds a 75% interest in the Copper Mountain Uranium Project in Wyoming, USA, with a definitive agreement in place to acquire the remaining 25% via the acquisition of Rush Rare Metals Corp. Copper Mountain hosts multiple historic uranium deposits and past-producing mines, including the Arrowhead Mine (approximately 500,000 lbs U₃O₈ produced). Union Pacific conducted extensive exploration and development in the district during the late 1970s, including approximately 2,000 boreholes and advanced mine planning, before the uranium market downturn in 1980. Union Pacific is estimated to have invested approximately C$125 million (2026 dollars) in the project, generating significant historical resource estimates.

A news release detailing a comprehensive assessment of Copper Mountain's uranium endowment by Bendix Engineering for the US Department of Energy published in 1982 can be viewed here.

Myriad holds a 10% free carried interest in the Red Basin Uranium Project, recently sold to 8VC- and Overmatch-backed Subatomic Industries. Red Basin carries significant historical resource estimates from extensive drilling by Occidental Oil in the late 1970s, and also hosts vanadium, which has been designated a strategic and critical mineral by the U.S. government. Note the caution on historical estimates below.

Myriad's 100%-owned Breccia Pipe Project in Arizona comprises at least 23 breccia pipes that are prospective for uranium and REEs. One of the pipes, the Wate Pipe, was previously owned and explored by Energy Fuels and is the subject of a historical resource estimate. The Breccia Pipe Project has been optioned to Wedgemount Resources (release here).

Note: A qualified person has not done sufficient work to classify the Copper Mountain, Red Basin, and Breccia Pipe Project historical estimates as current mineral resources or reserves and Myriad is not treating historical estimates as current resources or reserves. Myriad intends to conduct further work to determine whether the historical estimates can be verified and, if appropriate, supported by current mineral resource estimates.

Forward-Looking Statements

This news release contains "forward-looking information" that is based on the Company's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, the Company's business, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect, including with respect to the Company's business plans respecting the exploration and development of the Company's mineral properties, the proposed work program on the Company's mineral properties and the potential and economic viability of the Company's mineral properties. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: inability to verify historical data, no assurance of defining mineral resources, permitting, drilling delays and changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and technological or operational difficulties. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.

The CSE has not reviewed, approved or disapproved the contents of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303712

Source: Myriad Uranium Corp.

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Finding good dividend stocks isn't too tall a task. Finding dividend stocks you can feel good about buying and holding forever, however, is a different story. The world is constantly changing. Companies that are firing on all cylinders today may be irrelevant tomorrow.

But there are some businesses that are just built to last, and to pay a reliable dividend as long as they do. Realty Income (O 0.12%) is one of those businesses.

Image source: Getty Images.

Built tough It's not exactly a household name, although it's likely that you or someone in your household regularly steps into one of its properties. Realty Income is a real estate investment trust (REIT), and as such, it owns a portfolio of commercial real estate that it rents to other companies. Realty Income's specialty is brick-and-mortar retailing.

At first blush, this seems risky. The so-called retail apocalypse is still underway, after all. Realty Income is largely defying it, though. With top-20 tenants like Dollar General, FedEx, Home Depot, and Walmart, this REIT is reliably able to maintain occupancy rates in excess of 98%. Even during pandemic-riddled 2020, its full-year occupancy only slipped to 97.9%.

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This resiliency is translating into ultra-reliable monthly dividends and dividend growth for shareholders. Not only has the company paid a monthly dividend like clockwork since its founding in 1969, but it has also raised its per-share payout every quarter since 1998.

And by more than a little. Over the past 10 years, its monthly payment has improved from $0.2115 per share to $0.2710. This dividend growth paired with the stock's capital appreciation has produced a compound average annual return of 13.6% since Realty Income was listed on the New York Stock Exchange in 1994.

Willing and able to adapt, too It's possible that the traditional brick-and-mortar retailing sector could continue deteriorating under the weight of e-commerce's proliferation, to the point where even rock-solid Realty Income starts to struggle. Meanwhile, higher interest rates are a temporary headwind.

But while that's possible, it's not likely. There's plenty of consumer-facing retailing that will never quite work online, and to the extent online shopping poses a threat to the business, many of Realty Income's tenants like Walmart also have e-commerce operations to go with their brick-and-mortar segments. Or they are businesses like FedEx that benefit from online shopping's continued growth.

Even so, concerned investors should know that Realty Income's management is testing the waters of other markets, including artificial intelligence (AI) infrastructure by partnering with AI data center owner/operator Digital Realty on new facilities. While this isn't a significant business yet, Realty Income's willingness to entertain obvious opportunities is encouraging.

Even more encouraging is that Realty Income doesn't need to rush into these new markets. It can take its time, since its well-established retailing portfolio remains a reliable cash cow. This sort of well-managed flexibility ultimately translates into longevity.

James Brumley has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Digital Realty Trust, Home Depot, Realty Income, and Walmart. The Motley Fool recommends FedEx. The Motley Fool has a disclosure policy.

The broader cryptocurrency market is easing downside pressure, with US Federal Reserve Chairman Kevin Warsh's optimism about US growth driving Bitcoin (BTC) above $60,000. Short liquidations outpace long liquidations over the last 24 hours, suggesting renewed near-term buying strength, while Jupiter (JUP) and Morpho (MORPHO) lead gains during the same period.

Kevin Warsh’s optimism provides minor relief to the crypto marketUS Fed Chair Kevin Warsh reaffirmed that returning inflation to 2% remains the Fed's top priority at the ECB Forum in Sintra. In addition, Warsh recognized that inflation risks and short-term inflation expectations had eased in recent weeks, but he reiterated that “prices remain too high”, as previously reported by FXStreet.

Amid stirring optimism over the “prices too high” comment, Gold recovered above $4,000, and Bitcoin reclaimed $60,000 on Wednesday. CoinGlass data reaffirms the mild recovery across the crypto market, with short liquidations of $272 million outpacing long liquidations of $170 million over the last 24 hours, as buyers regain strength. 

Crypto liquidation data. Source: CoinGlassBitcoin hovers over thin ice around $60,000Bitcoin hovers above $60,000 on Thursday, following a 2% recovery the previous day. The King Crypto maintains a broadly bearish near-term bias, with spot trading well below the 50-day Exponential Moving Average (EMA) at $66,146 and the 200-day EMA near $75,948.

From a technical perspective, BTC price continues to consolidate, with the June 25 low at $58,115 serving as the bottom support floor, while price faces headwinds above $60,000. A decisive follow-through on Thursday could extend recovery toward the $65,000 round figure.

That said, the Moving Average Convergence Divergence (MACD) rises above its signal line after a brief consolidation, suggesting renewed buying pressure. Meanwhile, the Relative Strength Index (RSI) near 38 still hints at weak, only mildly recovering momentum.

BTC/USDT daily price chart.On the downside, immediate demand is seen at the horizontal support zone clustered around $60,000, followed by the $58,115 support floor, where buyers may attempt to slow the decline.

Jupiter and Morpho ready to extend gainsJupiter extends gains on Thursday, following a 10% surge the previous day. With a bullish near-term bias, price sits above both the 50-day and 200-day EMAs, clustered around $0.1991 and $0.2199, respectively.

JUP is testing a reclaimed downward resistance trend line at $0.2377, suggesting a potential transition into a more constructive phase. The resistance trendline coincides near the 78.6% Fibonacci retracement level at $0.2406, measured over the downswing from $0.2766 to $0.1444.

A decisive close above $0.2406 could test the previous swing high around $0.2766, followed by the 127.2% Fibonacci extension level at $0.3300.

The RSI near 64 and a positive, mildly rising Moving Average Convergence Divergence (MACD) line above zero hint that upside momentum remains in play.

JUP/USDT daily price chart.Looking down, initial support is seen at the trendline pivot around $0.2377, followed by the 200-day EMA at $0.2199, and then deeper support at the 50% retracement level at $0.1998, near the 50-day EMA at $0.1991.

On the other hand, Morpho shows a clear recovery trend of over 35% from last week, bouncing off its 200-day EMA at $1.64. At the time of writing, MORPHO is up roughly 4% on Thursday, extending the 9% gains from the previous day.

The recovery run approaches an overhead barrier near $2.24, which previously capped two bullish attempts. If MORPHO clears this resistance, the uptrend could test an ascending resistance trendline near $2.56.

The MACD and signal line show a recovery, with expanding positive histograms suggesting buying pressure is returning, while the RSI is at 65, reaffirming renewed buying strength, though conditions risk approaching overbought levels.

JUP/USDT daily price chart.On the downside, immediate support is seen at the 50-day EMA near $1.89, with additional protection from the prior upward support trendline around $1.6046.

(The technical analysis of this story was written with the help of an AI tool.)

MILWAUKEE, July 02, 2026 (GLOBE NEWSWIRE) -- Ademi LLP is investigating Roku (NASDAQ: ROKU) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Fox.

Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you.

Roku stockholders will receive cash-and-stock transaction valued at $160.00 per Roku share. Fox will pay $96.00 in cash and 0.9693 shares of Fox Class A common stock for each Roku Class A and Class B share. Upon closing, existing Fox shareholders are expected to own approximately 73% of the combined company and Roku shareholders approximately 27%.

Roku insiders will receive substantial benefits as part of change of control arrangements.

The transaction agreement unreasonably limits competing transactions for Roku by imposing a significant penalty if Roku accepts a competing bid. We are investigating the conduct of the Roku board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

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Guri Ademi
Toll Free: (866) 264-3995
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Here are three stocks with buy rank and strong value characteristics for investors to consider today, July 2:

Archer-Daniels-Midland Company (ADM - Free Report) : This nutrition ingredients company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing by 6.6% over the last 60 days

Archer-Daniels-Midland Company has a price-to-earnings ratio (P/E) of 16.36 compared with 22.58 for the S&P. The company possesses a Value Scoreof A.

Eagle Materials Inc. (EXP - Free Report) : This building materials company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing by 4.2% over the last 60 days.

Eagle Materials has a price-to-earnings ratio (P/E) of 17.28 compared with 32.50 for the industry. The company possesses a Value Score of B.

OppFi Inc. (OPFI - Free Report) : This digital finance platform company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 0.6% over the last 60 days.

OppFi has a price-to-earnings ratio (P/E) of 5.52 compared with 24.60 for the industry. The company possesses a Value Score of A.

See the full list of top ranked stocks here.

Learn more about the Value score and how it is calculated here.

Ethena [ENA] has entered a critical stabilization phase after weeks of persistent selling pressure. At press time, ENA was trading near $0.07127, barely above the $0.06993 cycle low.

This indicated that sellers were losing momentum, instead of accelerating further.

However, buyers still seem to lack conviction to trigger a meaningful reversal. So far, every recovery attempt has stalled below the 23.6% Fibonacci level at $0.07663. Repeated rejections might be evidence that demand remains weak despite slowing bearish momentum.

Source: ENA/USD on TradingView Meanwhile, On-Balance Volume flattened between -75 million and -84 million. The price made a fresh low and yet, cumulative volume failed to follow lower. Such a divergence means that sellers might no longer dominate with the same conviction.

Instead, patient buyers might be absorbing the supply gradually near press time levels. Even so, absorption alone cannot reverse the prevailing downtrend. Buyers must reclaim $0.07663 before sentiment can improve sustainably.

Doing so could expose $0.08413 and later $0.08748 as recovery targets. Otherwise, ENA losing $0.06993 would invalidate the developing base. That outcome could quickly expose the $0.06323 extension, reinforcing the broader bearish structure once again.

Institutional momentum builds around Ethena On the 29th of June, Ethena partnered with BlackRock, bringing its synthetic dollar, USDe, into the institutional spotlight. Additionally, it integrated USDe onto the Aladdin platform, which provides support to institutions whose total managed assets exceed $20 trillion.

Source: X Moreover, with BlackRock’s BUIDL fund becoming the primary backing asset for Ethena’s upcoming white-label stablecoin, this creates additional credibility within the institutional space and increases the accessibility of tokenized financial products.

In fact, whale transactions indicated that there are likely large-scale investors positioning themselves for potential opportunities surrounding the ecosystem. For instance – According to Santiment, $5.7 million in USDe was transferred to Bybit as part of one of the top 10 deposits over the last 24 hours.

Source: Santiment Stablecoins made up most of the largest exchange inflows, indicating there may be available capital to be used for future deployments. Larger, more substantial investors have shown their caution in transferring sizeable amounts of Ethereum [ETH] and stETH.

The mixed flow of these transfers may be a sign that many institutional participants might be positioning themselves for possible market opportunities. It might also mean that they are continuing to manage their downside risk given the uncertainty in the markets.

Final Summary Ethena [ENA] must reclaim $0.07663 to confirm a sustainable recovery and weaken the prevailing bearish structure. Ethena is attracting institutional attention, but cautious whale positioning is evidence of sustained market uncertainty.

ONDO, the native token of Ondo Finance, is drawing attention as it approaches a technically significant resistance zone, with both price structure and derivatives activity observed closely by market participants. At the time of reporting, ONDO trades at $0.3182, marking a 2.82% increase over the last 24 hours. The token recorded a daily trading volume of $64.95 million and a market capitalization of $1.55 billion.

Technical outlook: Resistance zone in focusCrypto analyst Umair Orakzai notes that ONDO’s price is nearing a resistance area regarded as crucial in technical analysis, often referred to as the “yellow rejection zone”. Despite this, a cautious tone dominates price action, with analysts warning that trading in such regions without confirmation could heighten risks for investors.

According to current technical patterns, $0.2850 serves as a key support level for ONDO. As long as the price stays above this threshold, the prevailing scenario is considered intact. However, should ONDO fall below this support in the near term, analysts suggest that the technical outlook would likely weaken.

Analysts highlight that after entering the resistance area, a bearish candlestick close or a breakdown in lower timeframes could serve as confirmation signals for investors considering short positions.

Traders seeking short positions are closely monitoring possible bearish closes in the resistance area, as well as structural changes in lower timeframes. The clearer the signal, experts say, the higher the probability of a successful trade.

Strong start for Ondo Perps in betaAccording to data shared by MSB Intel, Ondo Perps surpassed $1.5 billion in trading volume during its ongoing public beta phase. This surge underlines strengthening interest in the platform ahead of its official launch. Ondo Finance has built its reputation as a project specializing in the tokenization of real-world assets and decentralized finance applications.

Mini glossary: Perps refers to perpetual futures contracts with no set expiry date. Decentralized perps platforms allow users to open leveraged long or short positions on the blockchain without the need for an intermediary.

Exceeding this milestone during the beta phase suggests strong early user adoption. Interest in blockchain-based derivatives continues to grow in tandem with the expansion of the DeFi sector, making Ondo Perps increasingly visible in the decentralized derivatives market.

Broader market influences on ONDO and altcoinsThe recent uptrend in ONDO also reflects broader market conditions. Limited upward momentum in Bitcoin has positively impacted altcoins, and ONDO has generally followed this trend. Increased trading activity on the derivatives platform, combined with a rising market, provided short-term positive momentum for the token.

Reaching a trading volume exceeding $1.5 billion during the public beta positions Ondo Perps at a key threshold ahead of the project’s official launch.

Nevertheless, the market continues to seek direction. The response to the technical resistance zone and whether the $0.2850 support holds will play a decisive role in ONDO’s performance 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.

Synopsis

Donald Trump's latest financial disclosure revealed that crypto ventures generated an estimated $1.4 billion of his 2025 income, eclipsing much of his traditional real estate business. The filing also spotlighted World Liberty Financial's growing ties with Pakistan, raising questions over potential geopolitical and conflict-of-interest implications.

IANSDuring his first term as president, Trump had publicly said he was "not a fan" of cryptocurrencies and described Bitcoin as being "based on thin air."U.S. President Donald Trump's latest mandatory financial disclosure has revealed the scale of his gains from the cryptocurrency boom, with businesses linked to digital assets, including some with connections to Pakistan, generating more revenue than much of the real estate empire that first built his fortune.

A 927-page disclosure filed with the U.S. Office of Government Ethics showed Trump earned at least $2 billion in revenue during 2025. Of this, an estimated $1.4 billion came from cryptocurrency ventures controlled by trusts that benefit him. The disclosure has renewed debate in Washington over potential conflicts of interest while also drawing attention to Pakistan's growing association with Trump's crypto business, a development that could have implications for India.

Trump’s crypto U-turnThe filing highlights Trump's dramatic shift on cryptocurrencies. During his first term as president, he had publicly said he was "not a fan" of cryptocurrencies and described Bitcoin as being "based on thin air." Since returning to the White House, however, he has rolled back much of the Biden administration's regulatory approach to digital assets, signed legislation supporting the sector and pledged to make the United States the "crypto capital of the world."

According to the disclosure, around $799 million in revenue came from Trump's interest in World Liberty Financial (WLF), the decentralised finance company that he co-founded, where he is listed as "co-founder emeritus." The company is managed by his sons, Donald Trump Jr. and Eric Trump. The filing also attributed roughly $636 million to sales of the $TRUMP memecoin launched shortly before his inauguration. Together, these businesses account for the bulk of Trump's newly reported wealth.

Also read: Crypto, real estate, watches: How Donald Trump made over $1 billion last year

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The filing further showed that CIC Digital LLC generated another $600 million through sales of Trump-themed meme coins and collectibles. Additional income came from licensing agreements and sales of Trump-branded Bibles, watches and sneakers.

The White House has maintained that there is no ethical issue because Trump does not directly manage these businesses and that administration decisions are made solely in America's national interest. Critics, however, argue that unlike several previous presidents who either divested assets or placed them in blind trusts, Trump continues to benefit from trusts overseen by his sons.

Trump & PakistanThe debate also extends into foreign policy. WLF has become closely associated with Pakistan's efforts to establish itself as a digital finance hub after years of strained ties with Washington. Earlier this year, Pakistan's Ministry of Finance and the Pakistan Virtual Assets Regulatory Authority signed a memorandum of understanding with a WLF affiliate to explore integrating the company's dollar-backed stablecoin, USD1, into Pakistan's regulated payments infrastructure. The initiative aims to support billions of dollars worth of remittances and cross-border transactions.

The signing ceremony in Islamabad was attended by Prime Minister Shehbaz Sharif, Finance Minister Muhammad Aurangzeb, Pakistan Army Chief Field Marshal Asim Munir and WLF Chief Executive Zachary Witkoff, the son of Trump's close associate and Middle East envoy Steve Witkoff.

For Pakistan, the partnership represents more than a financial technology initiative, the report said. It also signals a broader reset in relations with Washington, marking a sharp departure from Trump's first term between 2017 and 2021, when he accused Pakistan of giving the United States "nothing but lies and deceit", suspended hundreds of millions of dollars in military assistance and repeatedly alleged that Islamabad was sheltering terrorists while receiving American aid.

Read more: ‘Profiting from Presidency?’: Trump denies conflict concerns despite family’s $1.2 Bn Crypto income

Trump's rhetoric has since changed significantly. He has repeatedly praised Pakistan's leadership, particularly Field Marshal Asim Munir, while highlighting renewed cooperation on security and economic issues. Zachary Witkoff's engagement with Pakistani leaders, along with the leadership roles of Donald Trump Jr. and Eric Trump at WLF, has prompted foreign policy experts to question whether commercial ties could also influence geopolitical alignments, the report added.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Türkiye-based digital asset platform Paribu has launched DeFi access inside its main app, adding DEX trading, perpetual contracts through Hyperliquid, and Polymarket-linked option markets. 

Summary

Paribu now offers Hyperliquid perpetuals and Polymarket markets through its main self-custodial DeFi app section. The platform opened a waitlist for NYSE, Nasdaq, and Borsa Istanbul stock trading access soon. Paribu says users can trade DeFi products without separate wallet apps, seed phrases, or transfers. The company also opened a waitlist for stock trading as it works to combine crypto, DeFi, yield products, and equities in one app.

Paribu said it is the first regulated exchange to offer both Hyperliquid perpetuals and Polymarket option markets through a centralized exchange interface. Users can access the DeFi section with their existing balance, without a separate wallet app, seed phrase, or new account. The company said each DeFi position remains self-custodial, while trades settle onchain through linked protocols.

DeFi access targets Türkiye’s retail market Paribu framed the launch around Türkiye’s active crypto market. The company cited TRM Labs data showing Türkiye ranked fifth globally in retail crypto activity, with $40 billion in volume in Q1 2026. The figure rose 7% year over year while global retail crypto volume fell 11%.

The company said many local retail users keep their main crypto holdings inside one app and have not used DeFi wallet tools. Paribu’s DeFi access is designed to let these users reach onchain markets without switching platforms. Its blog post on DeFi access says the wallet setup uses passkeys and recovery tools instead of seed phrases.

Hyperliquid and Polymarket enter the app The Hyperliquid integration lets Paribu users trade perpetual contracts from the DeFi section of the app. Trades route to Hyperliquid’s decentralized blockchain, while positions remain in users’ self-custodial wallets. Paribu said Hyperliquid has processed more than $4 trillion in cumulative trading volume.

The launch follows wider activity around Hyperliquid. As reported by crypto.news, Kalshi launched CFTC-regulated HYPE perpetual futures, lifting HYPE futures open interest to $2.48 billion. Moreover, crypto.news reported thatHyperliquid added validator-settled outcome markets under HIP-4, expanding beyond perpetual futures.

Paribu also added access to Polymarket markets through the same DeFi section. The company said it will list curated markets only, with each contract reviewed for integrity, liquidity, and risk profile before appearing in the app. Paribu serves as the interface, while execution and settlement happen onchain through Polymarket infrastructure.

The rollout comes as prediction markets face closer review in several jurisdictions. As crypto.news reported, the CFTC is preparing new rules that could affect Polymarket and Kalshi. Crypto.news also reported that the CFTC sued Kentucky to block state action against Kalshi, Polymarket, and related partners.

Stock trading remains pending Paribu is also preparing to offer equities. Its brokerage arm has received establishment authorization from Türkiye’s Capital Markets Board and is waiting for an operating license. The company said NYSE, Nasdaq, and Borsa Istanbul stocks will become tradable after the license process is complete.

For now, users can view real-time market data for U.S. and Turkish stocks inside the app. Paribu said the stock waitlist is open before trading goes live. Founder and CEO Yasin Oral said, “Paribu is becoming a single app for all of finance: crypto, DeFi, equities, and yield.”

The expansion follows other Paribu moves. Previously, crypto.news reported that Paribu’s $240 million CoinMENA acquisition led a weekly crypto funding period in December 2025. The company has also said Clave joined Paribu in 2026 to support passkey-based account abstraction and self-custody tools.

Hyperliquid (HYPE) Token Analysis: Future Investment or Speculative Gamble?

Johannesburg, South Africa, 2nd July 2026, Chainwire

[PRESS RELEASE – Johannesburg, South Africa, July 2nd, 2026]

Africa’s largest crypto exchange by trade volume expands its derivatives architecture, integrating Hyperliquid to offer access to perpetuals on equities, indices, precious metals, commodities, forex, and crypto.  This marks the first time a major regulated exchange has natively integrated an on-chain Layer-1 protocol to source liquidity and execute trades across global cross-asset perpetuals. Perps on VALR are set to go live on the web on Monday, 6 July, with mobile app availability to follow shortly after. VALR has announced the imminent launch of ‘Perps’, a new cross-asset class perpetuals product that introduces more than 200 markets to the platform. This expansion enables users to express directional views by going long or short with leverage across a comprehensive selection of global equities, commodities, precious metals, stock indices, forex pairs, and crypto assets. The launch adds to VALR’s established derivatives infrastructure, which pioneered the exchange’s initial perpetuals offering in 2023.

Strategic Infrastructure Integration with Hyperliquid The new product is delivered through an integration of Hyperliquid, a high-performance decentralised blockchain. Using Hyperliquid’s permissionless infrastructure, VALR users can open and manage positions directly on VALR, ensuring a seamless user experience.

Advanced Cross-Asset Market Exposure The inclusion of over 200 new markets marks a major development in the diversity of assets available through a single digital platform and marks the first time that a major regulated exchange has natively integrated an on-chain Layer-1 protocol to source liquidity and execute trades across global cross-asset perpetuals. The newly available contracts span multiple global asset classes, enabling traders to express their views on macroeconomic events and capitalise on volatility:

Global Equities and Benchmarks: Perpetual contracts on trending global enterprises and pre-IPO markets, including SpaceX, NVIDIA, Tesla, Apple, SK Hynix, Samsung, and Palantir Technologies, alongside exposure to leading global equity indices such as the S&P 500 and other international indices. Commodities and Precious Metals: Exposure to vital energy markets, including Brent Crude Oil, WTI Crude Oil, and Natural Gas, metals such as Gold, Silver, Platinum, and Copper. Foreign Exchange: Institutional currency pairs including EUR/USD, GBP/USD, and USD/JPY. Crypto Assets: Comprehensive coverage of the digital asset ecosystem, ranging from foundational protocols like Bitcoin, Ethereum, and Solana, to a wide selection of alternative layer-1 and layer-2 networks, decentralised finance tokens, and high-volume tokens. Gianluca Sacco, Chief Operating Officer at VALR, said:

“With this launch, we’re putting over 200 perpetuals markets directly inside the VALR app. 24/7 access to crypto, commodities, currencies, and equities – both listed and pre-IPO – all through the regulated exchange our customers already trust. Perps are how crypto traders take a view on price – a market now exceeding hundreds of billions of dollars in daily volume. We believe they will become how people trade every market. Our integration of Hyperliquid will give our users the deepest on-chain liquidity available anywhere. For VALR customers in South Africa and beyond, this is access to the markets that matter, in real-time.”

About VALR Founded in 2018, headquartered in Johannesburg, and backed by leading investors including Pantera Capital, Coinbase Ventures, and Fidelity’s F-Prime Capital, VALR is the leading digital asset exchange and infrastructure provider on the African continent, offering a comprehensive suite of products, including Spot Trading, Spot Margin, Perpetuals, Staking, Lending, Borrowing, OTC services, VALR Invest, Crypto Bundles, and VALR Pay. Licensed by South Africa’s FSCA, and with a provisional licence from the Cayman Islands Monetary Authority, VALR serves over 1.9 million registered users and 1,900 corporate and institutional clients worldwide. The exchange is dedicated to advancing a just financial future that upholds human dignity and the unity of mankind. For more information, visit valr.com.

About Hyperliquid Hyperliquid is a decentralised layer one blockchain best known for perpetuals and spot trading. It is the largest and most liquid decentralised exchange, with support for crypto and real-world assets, such as oil and precious metals. In addition, the ecosystem supports borrowing, lending, and a full-fledged EVM.

Risk Disclosure

Futures trading is provided by VALR DAM Pty Ltd, a licensed Financial Services Provider (FSP #54897) and Over-the-Counter Derivatives Provider.

VALR Perps order management, order execution, liquidation, margin requirements, position management, mark prices, and funding rates are managed by, and provided through, certain third-party liquidity provider(s). VALR acts only as an intermediary that enables account holders to access the services offered by such third-party liquidity provider(s) and disclaims any liability arising from or in connection with the acts, omissions, services, pricing, liquidity, order execution, system availability, or operational failures of such third-party liquidity provider(s).

Use of VALR Perps involves risk; please refer to VALR’s Risk Disclosures and Futures Terms of Service.

About the author

Chainwire is a specialized crypto newswire service providing high-impact distribution for the cryptocurrency and blockchain industry.

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

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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BlackRock’s flagship Bitcoin fund just hemorrhaged $219.41 million in a single day, roughly 3,648 BTC walking out the door. The July 1 redemption from the iShares Bitcoin Trust (IBIT) marks one of the largest single-day outflows the fund has ever recorded.

June was a bloodbath for Bitcoin ETFs US spot Bitcoin ETFs collectively saw approximately $4.06 billion in net outflows during June 2026. That’s the most substantial monthly redemption since these products launched.

IBIT, the largest spot Bitcoin ETF by assets, was the primary culprit. The fund accounted for roughly 73% of outflows during peak weeks, including a jaw-dropping $1.30 billion in redemptions during one late-June week alone.

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To put that in perspective, the entire month of May saw IBIT post a $528 million outflow that felt significant at the time. June made May look like a rounding error.

Bitcoin prices during this period traded in a range between $58,000 and $60,000 through late June, a compressed band that suggests sellers were meeting just enough buyer demand to prevent a full capitulation, but not enough to spark any meaningful recovery.

Institutional rebalancing, not panic selling These outflows represent BlackRock clients, primarily institutional investors, redeeming their shares. BlackRock itself isn’t dumping Bitcoin on the open market. The redemption process works through authorized participants who transfer the underlying Bitcoin to custodians like Coinbase Prime.

The pattern points to strategic portfolio rebalancing rather than a loss of faith in Bitcoin as an asset class. Higher Treasury yields have made risk-free returns more attractive. Macroeconomic uncertainty has pushed institutions toward more liquid, traditional assets. And shifting sentiment across risk markets has given portfolio managers reason to trim crypto exposure.

What this means for investors When institutional holders redeem ETF shares at this scale, it creates downstream selling pressure on spot Bitcoin markets. Authorized participants who process these redemptions need to offload the underlying Bitcoin, which adds supply to an already cautious market.

The $58,000 to $60,000 trading range during late June suggests the market found a floor, at least temporarily. The $219 million redemption on July 1 is not an encouraging start to July.

IBIT has been the dominant spot Bitcoin ETF since launch, which means its flows carry outsized influence on market sentiment. When IBIT accounts for nearly three-quarters of all outflows during peak weeks, it’s essentially setting the tone for the entire Bitcoin ETF ecosystem.

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

Metaplanet just added another 2,823 Bitcoin to its balance sheet, pushing its total stash to 43,000 BTC. For a company that didn’t own a single satoshi before April 2024, that’s a remarkable trajectory.

The Tokyo-listed firm, which trades on the Tokyo Stock Exchange under ticker 3350.T and as an ADR under MPJPY in the US, has been on a relentless accumulation spree. This latest purchase puts Metaplanet in direct competition with Twenty One Capital, which holds roughly 43,514 BTC, for the title of third-largest corporate Bitcoin holder on the planet.

The numbers behind the buying binge To appreciate how fast Metaplanet is moving, look at the timeline. The company ended 2025 with 35,102 BTC. By March 31, 2026, it had reached 40,177 BTC after scooping up 5,075 BTC in Q1 alone, a haul worth approximately $398 million to $405 million at an average price between $78,000 and $80,000 per coin.

Now, with this fresh 2,823 BTC purchase, the total sits at 43,000 BTC. That’s a jump of roughly 22.5% from where the company started the year.

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The average acquisition cost across Metaplanet’s entire portfolio sits somewhere between $97,000 and $104,000 per BTC, depending on the reporting period. With Bitcoin trading well above that range in recent weeks, the company is sitting on meaningful unrealized gains.

Metaplanet has publicly stated its goal of reaching 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. That means CEO Simon Gerovich and his team need to acquire another 57,000 BTC in roughly the next six months.

How Metaplanet keeps funding the machine Metaplanet has been financing its purchases through a combination of equity raises, debt arrangements, and mNAV warrants — a financing mechanism designed to let Metaplanet raise capital while managing dilution for existing shareholders.

The company also opened Level I ADRs for US investors in December 2025, giving American traders a straightforward way to get exposure to Metaplanet’s stock without the friction of buying on the Tokyo Stock Exchange. Level I ADRs don’t require full SEC registration, which makes them cheaper to issue, though they also come with trading limitations compared to higher-tier listings.

Gerovich has been tracking what he calls “Bitcoin yield,” a metric that measures how much additional Bitcoin per share the company generates through its treasury operations. That figure hit 2.8% year-to-date in recent reports.

What this means for investors The risk profile here is worth examining carefully. Metaplanet is using equity dilution and debt to buy a volatile asset. In a prolonged downturn, the company’s average cost basis of $97,000 to $104,000 per BTC becomes the line in the sand investors need to watch.

The 100,000 BTC target by year-end also deserves scrutiny. Acquiring 57,000 BTC in six months would require spending somewhere north of $5 billion at current prices, meaning Metaplanet will likely need multiple large equity raises and debt issuances, each of which carries execution risk and potential dilution.

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

Key Highlights Wall Street firm Cantor Fitzgerald believes Bitcoin has entered the concluding phase of its bear market Analysis of past cycles points to a possible trough in late October 2026 BTC has declined approximately 51% from its 2025 all-time high, currently near $59,500 Analysts highlight Hyperliquid, Ethereum, and Bitcoin as prime selections for sustained value Coverage initiated on two digital asset treasury firms with bullish ratings Major Wall Street institution Cantor Fitzgerald projects that Bitcoin could reach its cyclical floor within the coming months. In a comprehensive Tuesday analysis authored by Gareth Gacetta and team, the firm stated that digital asset markets are transitioning into the terminal phase of the ongoing bearish period.

JUST IN: 🇺🇸 Wall Street bank giant Cantor Fitzgerald says Bitcoin is entering the final stages of the bear market 👀

"Ultimately, our belief is that we are only a few months away from the bottom of this pullback"🚀 pic.twitter.com/xuMK0sl2Eh

— Bitcoin Magazine (@BitcoinMagazine) July 1, 2026

Data as of June 10 reveals Bitcoin has been trading 252 days beyond its 2025 zenith, registering a roughly 51% decline. Analysis of the prior three market cycles shows Bitcoin historically reached its nadir an average of 384 days following peak prices. Applying this framework to current conditions suggests a potential bottom around late October 2026.

The financial institution emphasized that this analytical framework shouldn’t be viewed as an exact forecasting instrument. Variables including macroeconomic conditions, regulatory developments, and international political tensions could alter the timeline. However, the firm observed that cryptocurrency’s self-reinforcing characteristics mean historical patterns often repeat themselves.

At press time, Bitcoin was changing hands near the $59,500 level.

Bitcoin (BTC) Price The wider cryptocurrency marketplace has faced headwinds over recent months. An aggressive June correction, fueled by continuous ETF capital withdrawals, elevated borrowing costs, and diminished appetite for risky assets, drove Bitcoin more than 50% beneath its late-2025 record.

Ether alongside most prominent alternative cryptocurrencies have lagged Bitcoin throughout this downturn. Select segments, particularly decentralized finance protocols and asset tokenization projects, have demonstrated comparative strength.

Cantor’s Value Investment Thesis As markets approach a prospective inflection point, Cantor advised investors to pivot away from speculative positioning toward blockchain networks demonstrating sustainable value capture mechanisms.

The institution stressed that transaction volume alone doesn’t guarantee token appreciation. Projects positioned for long-term success must transform network activity into consistent revenue streams or enduring monetary demand.

Cantor identified Hyperliquid as the most transparent example of fee-based token economics, highlighting its buyback and burn mechanism. Bitcoin received recognition as the foundational monetary asset. Ethereum earned designation as the preeminent collateral infrastructure for onchain financial systems.

Solana, Sui, XRP, and Zcash each possess unique competitive advantages, according to Cantor’s assessment, though these networks must still demonstrate ability to convert ecosystem expansion into persistent token value.

The bank additionally spotlighted digital asset treasury corporations as an underappreciated investment category. It noted that leading companies in this space are evolving beyond simple cryptocurrency custody toward active operations generating yield and developing critical infrastructure.

Cantor launched coverage of Forward Industries and Cypherpunk Technologies with overweight recommendations. Price objectives were established at $7.90 and $0.90, respectively.

Broader Market Landscape Information from CoinShares indicates BTC-focused investment vehicles have dominated net capital inflows to cryptocurrency products throughout 2026. Nasdaq documented IPO volume reaching $129.3 billion on its exchange during the initial six months of 2026.

A Bitcoin recovery could serve as a trigger for increased exchange listings and venture capital deployment across the blockchain sector. Regulatory transparency from authorities like the SEC continues to represent a critical factor.

Primary downside threats include macroeconomic turbulence and regulatory ambiguity. Key upside catalysts encompass enhanced ETF infrastructure and more favorable market architecture.

Metaplanet has added 2,823 Bitcoin to its treasury, raising its total holdings to 43,000 BTC while second-quarter revenue from its Bitcoin income business fell.

Summary

Metaplanet bought 2,823 more Bitcoin, raising its total holdings to 43,000 BTC at an average overall cost of 15.3 million yen per coin. The company’s Bitcoin income business generated ¥1.747 billion in Q2 FY2026, down about 41% from the previous quarter. The latest purchase came as Metaplanet’s stock remained under pressure near its 52 week low, keeping investor focus on its Bitcoin NAV and capital strategy. According to Metaplanet’s July 2 disclosure, the Tokyo-listed company purchased 2,823 BTC at an average price of 12.7 million yen per coin, lifting its total Bitcoin balance to 43,000 BTC. The company said its overall average purchase price now stands at 15.3 million yen per Bitcoin.

The latest purchase keeps Metaplanet among the largest public corporate holders of Bitcoin, alongside companies such as Strategy and Twenty One Capital. The company had ended the first quarter with 40,177 BTC, bought for roughly $4.18 billion at an average cost of $104,000 per coin.

Bitcoin income revenue slows in Q2 Alongside the new Bitcoin purchase, Metaplanet disclosed that its Bitcoin Income Generation business recorded ¥1.747 billion in operating revenue for the second quarter of the fiscal year ending December 31, 2026. The figure was down from ¥2.969 billion in the first quarter and far below the ¥4.242 billion recorded in the fourth quarter of FY2025.

The second-quarter result represented a decline of roughly 41% from the previous quarter and nearly 59% from the Q4 FY2025 peak, based on the company’s disclosed figures. First-half FY2026 revenue from the business stood at ¥4.717 billion.

On a trailing-twelve-month basis, Metaplanet reported ¥11.396 billion in Bitcoin Income Generation revenue, up from ¥10.780 billion in the previous quarter. The company uses the trailing-twelve-month figure to present the business over a longer period rather than through a single quarter.

The income business has become a closely watched part of Metaplanet’s Bitcoin strategy because the company has used Bitcoin options as part of its treasury operations. The latest numbers show weaker quarterly revenue even as the longer-period figure remained higher than the previous quarter.

Metaplanet has set a long-term target of holding 210,000 BTC by the end of 2027, equal to about 1% of Bitcoin’s fixed supply. At the end of June, the company said it planned to accumulate roughly 170,000 more Bitcoin to reach that target, including the latest purchase.

The company has continued adding Bitcoin even as its stock has come under pressure in recent weeks and was seen touching a 52-week low.

The valuation debate has centered on Metaplanet’s mNAV ratio, which compares the company’s market value with the value of its Bitcoin-backed asset base. 

In comments published on June 9, CEO Simon Gerovich said management would strongly consider common share buybacks if the company traded below the value of its underlying Bitcoin holdings, though he said the comments were not a formal buyback announcement.

Beyond Bitcoin accumulation Metaplanet is also moving to build services around its Bitcoin treasury. In a June 12 announcement, the company said it agreed to acquire Siiibo Securities for JPY 2.1 billion and convert the Japanese securities firm into a wholly owned subsidiary. The transaction is expected to close on July 13, after which Siiibo Securities will be renamed Metaplanet Securities.

Company documents described the deal as the first major acquisition under Project Nova, Metaplanet’s plan to build a Bitcoin-focused financial services ecosystem. The acquisition gives Metaplanet control of a Type I Financial Instruments Business Operator in Japan, which the company plans to use for Bitcoin-linked investment products and yield-focused offerings.

Metaplanet has also said it is pursuing Japan’s first listed perpetual preferred share product while building systems for recurring dividend distributions. The company has previously identified preferred shares, additional fundraising, and possible buybacks as capital allocation tools tied to its Bitcoin strategy.

FBI Director Kash Patel disclosed a purchase of between $100,001 and $250,000 in MicroStrategy stock roughly six months after the trade, breaching the STOCK Act reporting window.

According to NOTUS, Patel bought the shares on November 21, 2025, but only reported the transaction to federal regulators on May 26, 2026, stating he had “inadvertently omitted” it from an earlier filing.

Why Kash Patel’s MicroStrategy Trade Draws ScrutinyThe delayed filing has raised questions because it falls outside the STOCK Act’s reporting window. The STOCK Act, the Stop Trading on Congressional Knowledge Act, is a US federal law signed by former President Obama in April 2012. 

The law requires covered federal officials to disclose securities trades worth at least $1,000 within 45 days. First-time violators face a $200 fine, which the Justice Department has not imposed on Patel so far, according to NOTUS.

MicroStrategy, rebranded as Strategy, ranks as the largest corporate holder of Bitcoin (BTC). The firm also works as a contractor for the federal government and has done millions of dollars’ worth of business with the Justice Department, which oversees the FBI. 

Meanwhile, the bureau itself investigates cryptocurrency fraud, and Patel has publicly promoted its enforcement record, including a $15 billion Bitcoin seizure announced in October 2025.

The overlap raises questions about federal officials trading shares of companies tied to their agencies. However, late STOCK Act filings are not uncommon. According to NOTUS, more than 30 members of Congress submitted overdue disclosures over the past year.

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Ethics Officials and Watchdogs Split on the ViolationDeputy Assistant Attorney General William Taylor reviewed the amended filing, which attributed the delay to a “miscommunication.” In a May 28 letter, he said,

“I continue to believe that Director Patel is in compliance with applicable laws and regulations governing conflicts of interest.”

However, Dylan Hedtler-Gaudette of the Project on Government Oversight said the disclosure was “absolutely” late under the statute.

“That’s violating the law — no other way to put it,” he stated.

The trade has also proven costly. MicroStrategy stock has lost nearly 48% since Patel’s purchase date. In late June, BeInCrypto reported that MSTR dropped below $100 for the first time since March 2024, before the company announced a financial overhaul plan. 

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In This Article Crypto News Today: SOL USD Spikes on News of Record Network ActivityCrypto Hackers Make Off With Nearly $76M in June as Attacks Slow: Sign of an Exhausted Market? In crypto news today (July 2), Bitcoin is sitting at $58,600, down another -1.2% over the past 24 hours as July continues to lean bearish for crypto. However, there was a brief rally overnight, which caused daily liquidations to spike to $448M, with $265M of that figure coming from short positions, highlighting that overleveraged bears were the biggest victims.

ETF flows are still bleeding heavily, with yesterday seeing a further -$296M in Bitcoin sold across various products, with BlackRock’s IBIT ETF accounting for $219M of that total. With IBIT selling more than $2.1Bn worth of BTC over the past 10 sessions, the worlds largest asset manager is firmly in control of current price action.

While nearly every major cap token is currently in the red over the past 24 hours, Stellar (XLM) and Cardano (ADA) are two of the more prominent projects in the green today, up +11% and +4.5% respectively. Daily trading volume continues to decline, currently at $75Bn, down from $82Bn yesterday.

With the brief overnight rally across crypto, the Fear & Greed Index spiked to 19/100, up from 11/100 yesterday, although most tokens have already retraced the move, which is likely to cause a drop back toward single digits on the next update.

Crypto News Today: SOL USD Spikes on News of Record Network Activity Solana is continually setting new records for network activity and ecosystem revenue. However, broader weakness in the cryptocurrency market is preventing these strong fundamentals from translating into sustained price growth.

A significant recent development is the launch of Solana Governance Proposals (SGP), a new on-chain governance system that enables validators and delegators to directly participate in decisions regarding the network’s future.

This initiative represents one of Solana’s most important steps towards greater decentralization and is expected to make the ecosystem more appealing to institutional investors.

Meanwhile, the network’s core metrics continue to reach new heights. Over the past 30 days, Solana processed 3.77 billion non-vote transactions, marking the highest monthly total in the blockchain’s history.

Furthermore, applications built on Solana generated $257 million in revenue during the second quarter, allowing the network to maintain its position as the leading Layer 1 blockchain by dApp revenue for the ninth consecutive quarter.

Despite these robust fundamentals, the SOL token has not yet experienced a significant rally. The primary reason for this stagnation is the overall weakness in the cryptocurrency market and the ongoing outflow of institutional capital from digital assets.

THE TOKENIZATION TREND IS HARD TO IGNORE. 📈

June tokenized equities volume:

🟢 Solana: $3.31B (95.6% market share)
🔵 Base: $81.0M
🟡 BNB: $59.6M
⚪ Ethereum: $2.0M

solana:So11111111111111111111111111111111111111112 network processed over 40x Base's volume and more than… pic.twitter.com/t4Lq1mLwM0

— CryptosRus (@CryptosR_Us) July 2, 2026

Crypto Hackers Make Off With Nearly $76M in June as Attacks Slow: Sign of an Exhausted Market? ​In other crypto news today, hackers stole approximately $75.9M in June across 40 major crypto incidents. According to blockchain security firm PeckShield, this figure represents a 7.1% decrease from May, when losses totaled $81.7M.

As reported by The Block, the largest incident of the month was the Humanity Protocol exploit, which PeckShield estimates accounted for $31M. On-chain analyst Specter was the first to reveal that wallets linked to the project lost over $31M on June 9.

However, Humanity Protocol’s own investigation later reported the damage to be closer to $36M. Project founder Terence Kwok stated that the attack resulted from a compromised private key.

The second-largest incident involved the $10M Syscoin Bridge exploit. PeckShield noted that the attacker exploited a validation flaw, enabling them to mint billions of unbacked SYS tokens without burning the corresponding assets.

Another notable victim was a bot associated with the address JaredFromSubway.eth, known for conducting MEV sandwich attacks. PeckShield estimated that the bot itself was exploited for $7.5M.

Other significant incidents in June included attacks on Secret Network, Polymarket users, SecondFi, and TESSERA, with losses ranging from $2.4M to $4.67M.

🚨CRYPTO HACKS HIT $75.9M ACROSS 40 INCIDENTS IN JUNE, DOWN FROM MAY!

According to PeckShield data, hackers stole roughly $75.9 million from crypto projects in June across 40 separate incidents, a 7% drop from May’s $81.7 million.

The biggest loss came from the Humanity… pic.twitter.com/tNcFIoyoC8

— Crypto Banter (@crypto_banter) July 1, 2026

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Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging "meta" trends and high-volatility narratives. Notably, Alex... Read More

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The Tokyo-listed company expanded its Bitcoin treasury to 43,000 BTC even as its shares remain down nearly 49% this year.

Metaplanet announced it had acquired 2,823 BTC after a three-month pause, completing its second-quarter accumulation under its ongoing Bitcoin Treasury Operations.

The company spent a total of 35.89 billion yen, or around $222 million, on the purchases after paying an average of over 12.7 million yen per coin. As a result, its total holdings increased from 40,177 BTC at the end of March to 43,000 BTC as of June 30.

Metaplanet’s Fresh Buy According to the official announcement, the lower average purchase price for the quarter also reduced Metaplanet’s overall average acquisition cost from 15.51 million yen per unit to 15.3 million yen. Across its entire treasury, the company revealed investing 659 billion yen to acquire 43,000 BTC. The company also reported generating $10.95 million, or about 1.747 billion yen, in revenue from its Bitcoin Income Generation activities during the quarter.

After offsetting that revenue against its purchases, the effective acquisition cost fell to 34.14 billion yen, or about 12.093 million yen per unit.

The latest purchase moves the Tokyo-listed firm closer to its long-term Bitcoin goals, though it still has a significant distance to cover. The company has set a target of 100,000 BTC by the end of 2026, which requires it to add 57,000 more BTC in the remaining months of the year.

Stock Slumps, Expansion Continues Despite expanding its treasury to 43,000 BTC, Metaplanet’s stock has remained under heavy pressure this year. The shares are down nearly 49% year-to-date.

Alongside its Bitcoin accumulation efforts, the company announced plans to acquire Japanese securities firm Siiibo Securities in a deal worth around $13 million. The move, which is expected to close in July, will result in the firm being rebranded as Metaplanet Securities.

You may also like: Bitcoin Whales Are Dumping: But This Rare Signal Says the Bottom May Be Close Bitcoin Bulls Fight for $60K as Markets Digest US-Iran News (Market Watch) Bitcoin Could Fall Into the $40,000s Before Bottoming: Bitfinex Analysts CEO Simon Gerovich described the transaction as their first major acquisition and the first concrete step under Project Nova, its long-term initiative to build a Bitcoin-focused financial ecosystem in Japan.

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South Korean media company K Wave Media has exited its Bitcoin treasury position after once setting an ambitious target of accumulating 10,000 BTC, marking another reversal in the digital asset treasury trade as weaker market conditions pressure balance-sheet strategies.

The Nasdaq-listed company sold its remaining 88 BTC and used the proceeds to repay $6 million of debt obligations, according to a June 30 SEC filing cited by market coverage. The sale reduced K Wave’s Bitcoin holdings to zero, ending its status as a Bitcoin treasury company less than a year after it promoted plans to become a major corporate holder of the asset.

K Wave’s shift is striking because the company had previously positioned Bitcoin as a core part of its corporate strategy. In July 2025, it said it had secured up to $1 billion in total capital capacity through a $500 million convertible note agreement with Anson Funds and a $500 million standby equity purchase agreement with Bitcoin Strategic Reserve. At the time, the company said it had completed an initial purchase of 88 BTC and planned to scale holdings toward 10,000 BTC as quickly as possible.

The reversal shows how fragile some digital asset treasury models can become when they depend on external financing, investor enthusiasm and favorable market conditions. Instead of continuing to buy Bitcoin, K Wave has now halted its treasury strategy and redirected attention toward AI infrastructure, including data centers, GPU compute operations and potential acquisitions.

Bitcoin Treasury Strategy Breaks Under Debt Pressure K Wave’s exit underscores a key risk facing smaller digital asset treasury firms: the Bitcoin strategy can become difficult to sustain when debt obligations, equity-market pressure and weak crypto prices collide. Unlike Strategy, which has built a deep capital-markets machine around Bitcoin accumulation, smaller companies often have less financing flexibility and weaker investor support.

The company’s sale was tied to repayment of $6 million of Initial Notes under an amended securities purchase agreement. That makes the transaction less a discretionary portfolio rebalance and more a liquidity event. Selling the entire Bitcoin position to meet debt obligations suggests that balance-sheet management overtook the original treasury narrative.

The episode also raises questions about how investors should evaluate companies that announce large crypto accumulation targets before demonstrating durable funding capacity. A 10,000-BTC goal would require hundreds of millions of dollars even at depressed Bitcoin prices. K Wave’s actual position never moved beyond the initial 88 BTC purchase before the strategy was halted.

For shareholders, the shift creates uncertainty. The company is no longer primarily a Bitcoin treasury story, but its new AI infrastructure plan also requires capital, execution capability and market credibility.

DAT Sector Faces Wider Scrutiny K Wave’s reversal comes as the broader digital asset treasury sector faces greater scrutiny. The model became popular after Strategy’s long-running Bitcoin accumulation program created a template for public companies seeking crypto-linked investor demand. But the trade works best when companies can raise capital at favorable terms and when their shares trade at a premium to the value of their crypto holdings.

When that premium disappears, the model becomes harder. New equity issuance can become dilutive, debt can become expensive and crypto holdings may need to be sold to support operations or satisfy creditors. That dynamic is especially dangerous for smaller companies that adopted treasury strategies without a strong underlying business.

The market impact of K Wave’s Bitcoin sale is limited because 88 BTC is small relative to global liquidity. The symbolic impact is larger. It shows that not every company announcing a Bitcoin reserve strategy will become a long-term holder, and aggressive accumulation targets can quickly become irrelevant when corporate priorities change.

The pivot toward AI also reflects a broader rotation in public markets. Investors have rewarded AI infrastructure narratives more than crypto treasury stories in recent months, especially as Bitcoin has struggled and ETF flows have turned negative. K Wave’s move suggests management sees better financing or valuation opportunities in AI than in holding Bitcoin.

For the digital asset treasury sector, the lesson is clear. Bitcoin accumulation plans need durable funding, transparent governance and credible balance-sheet discipline. Without those, treasury companies risk becoming short-lived market narratives rather than long-term institutional holders.

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

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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Michael Saylor reiterated on X that Strategy’s corporate objective remains for STRC to trade between $99 and $100, as the preferred stock attempts to climb back from its all-time low set on June 26.

The comment came as STRC rebounded from that record low of $71.25 to around $87.46 off the back of a new capital framework announcement. Even so, the gap to par remains wide with Bitcoin’s price also languishing.

STRC Still Trades Below Saylor’s TargetSTRC, Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock, is not common stock. It is a preferred security designed to trade near a $100 face value. Strategy adjusts its dividend rate monthly to keep the price anchored, unlike common shares.

Bitcoin (BTC) had dropped below $60,000 in the same week STRC recorded its low, deepening a preferred stock crash that had already alarmed investors. STRC has since recovered but the stock is still about $13 short of the par value Saylor says remains the company’s goal.

STRC is mounting a recovery thanks to its new capital framework announcement, but it still has more to climb. Image Source: Trading ViewOn Monday, June 29, Strategy raised STRC’s dividend rate by 50 basis points to 12%. The increase takes effect for July record dates and is part of the capital management overhaul Strategy announced the same day.

Strategy reviews the rate using STRC’s trading level, Bitcoin’s price and volatility, and its own cash reserves. It will not raise the rate automatically just because the stock trades below par.

“As Strategy disclosed Monday: our corporate objective is for $STRC to trade over time at $99–$100.”

Saylor

The tweet repeats language from Monday’s press release without adding new detail. Its timing during STRC’s rebound suggests Strategy wants the market to read the recovery as validation of its plan.

The reiteration follows weeks of criticism from Ripple (XRP) CEO Brad Garlinghouse. He called STRC’s slide a damning indictment of Strategy’s financing model. Rosen Law Firm has also opened a securities investigation into the company’s disclosures.

Whether STRC can climb back to par depends largely on Bitcoin’s trajectory. Bitcoin remains the primary driver of Strategy’s capital structure and dividend coverage.

Jul 2, 2026, 6:20 a.m.

2 min read

Summary

XRP is showing signs of accumulation above the $1.00 support, with higher lows forming even as the price remains below key moving averages and major resistance near $1.10.Network and institutional signals are strengthening, with daily new wallet creations hitting a three-month high and June XRP ETF inflows topping $62 million for roughly $1.48 billion in cumulative net flows.Traders are watching the $1.0560–$1.0590 breakout zone and $1.0665 resistance, with a sustained move above $1.10 needed to signal a more convincing recovery rather than another range-bound bounce.XRP is starting to show signs of accumulation near $1, but the chart has not fully caught up. The token edged higher after a sharp intraday volume spike, while new wallet creation reached its strongest level in three months and whale activity diverged from cautious retail positioning. That puts the focus on whether buyers can turn support defense into a move back above $1.10.

News Background• XRP Ledger recorded 4,941 new wallet creations in a single day, the strongest daily growth in more than three months.

• CryptoQuant data showed the All CEX Whale vs Retail Spread at 50.9%, with Binance’s measure at 44.6%, pointing to stronger large-holder activity while retail participation remained cautious.

• XRP spot ETFs added $15.34 million in net inflows on June 29, with Bitwise accounting for $11.94 million of that total.

• June inflows across XRP ETFs surpassed $62 million, taking cumulative net flows to roughly $1.48 billion.

Price Action Summary• XRP rose 1.41% to $1.0613 during the 24-hour session ending July 2 at 04:16 UTC.

• The token underperformed the broader crypto market by 1.27%, showing that the move was still modest despite stronger network and whale activity.

• The main breakout came at 03:27 UTC, when XRP pushed through $1.0560 on volume of 5.34 million, a 1,433% jump from the preceding hourly average.

• Buying continued through the 03:27-03:53 UTC window, with total volume of 11.31 million as price reached a session high near $1.0665.

Technical Analysis• The key development is that XRP continues to build higher lows above the $1.00 support area, with $1.0318 and $1.0410 forming the base of the latest recovery attempt.

• The breakout above $1.0560 improved the short-term structure, but the move still needs follow-through above $1.0665 to avoid turning into another range-bound bounce.

• Volume was strong during the breakout window, but 24-hour activity was only 5.95% above the seven-day average, which keeps the broader move from looking like a full trend shift.

• XRP remains below major moving averages, with the 20-day EMA near $1.11, the 50-day near $1.20, the 100-day near $1.31 and the 200-day near $1.52.

• Momentum has improved from oversold levels, but RSI near 33 and negative Chaikin Money Flow show that buyers still have not fully regained control.

What traders should watch• $1.0560-$1.0590 is the immediate breakout zone bulls need to defend.

• $1.0665 is the first resistance level after capping the latest advance.

• $1.10-$1.11 remains the key test, where the 20-day EMA and Bollinger midline sit.

• A reclaim of $1.10 would shift attention toward $1.20, while failure to hold $1.04 would put the $1.00 support area back in focus.

• Until XRP clears $1.10, the market remains a support-base trade with improving network data and whale activity, not a confirmed recovery.

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Building the Zcash Machine: Tachyon and Quantum Readiness

Building the Zcash Machine: Tachyon and Quantum Readiness

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Jun 30, 2026

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Why it matters:

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.