Forward Industries has expanded its Solana treasury after buying more than 500,000 SOL during fiscal Q3 2026.
Summary
Forward Industries bought over 500,000 SOL, raising its treasury to 7.55M SOL by June 30. The company reported 36% annualized SOL-per-share growth while selling 93,642 shares during fiscal Q3 2026. Earlier losses show Solana treasury firms remain exposed to price swings and U.S. accounting rules. The Nasdaq-listed company said its total holdings reached 7.55 million SOL as of June 30.
The company bought the tokens at an average price of about $79 per SOL. It also said SOL per fully diluted share rose to 0.0729 from 0.0669 at the end of the prior quarter.
Forward Industries stock recently traded at $4.70 on Nasdaq, up more than 10% in the past day, with an intraday high of $5.04 and volume above 3 million shares (per Google Finance data).
Source: Google Finance Forward Industries said the increase represented 36% annualized SOL-per-share growth. The update comes as the company continues to build its Solana treasury while earlier filings show how crypto price moves have shaped its reported results.
Forward Industries expands Solana holdings In a July 1 company release, Forward Industries said it sold 93,642 common shares through its At The Market offering during fiscal Q3. The company said it used public market capital in a way that raised SOL per share for existing shareholders.
Forward described itself as the largest Solana treasury company. It said its recent inclusion in the Russell 2000 and Russell 3000 indexes gives it wider access to institutional investors when its shares trade above net asset value.
The company also said it can borrow against fwdSOL collateral through institutional partners. Forward said this lets it seek liquidity at a lower cost than its staking yield, which it placed between 6.4% and 7.3%.
Forward links strategy to SOL per share “Our mandate is simple: maximize SOL per share and create long-term shareholder value,” said Chief Investment Officer Ryan Navi. He said the company uses several capital formation methods to add SOL in a way it views as accretive.
Navi added that Forward can repurchase shares when they trade below net asset value and issue equity when they trade above it. He said the Russell index additions could also widen the company’s investor base and help fund more SOL purchases.
Forward also pointed to Solana network activity in a separate X post. The post quoted SolanaFloor data saying daily, weekly, and monthly Solana transaction counts had reached record levels across measured timeframes.
Earlier losses remain part of the story The latest purchase follows a period of reported losses tied to SOL price changes. As previously reported, Forward Industries neared a $1 billion Solana paper loss after the company reported a $585.6 million net loss for the quarter ended Dec. 31, 2025.
That earlier result included a $560.2 million loss on digital assets and a $33 million impairment under U.S. GAAP treatment. The company said the loss reflected fair-value accounting for its SOL holdings, not a direct cash outflow.
In addition, Forward also transferred 455,784 SOL to Coinbase Prime in June. That move drew attention because deposits to prime brokerage platforms can serve several purposes, including custody, liquidity management, collateral use, or asset sales.
Solana treasury model faces market test Forward launched its Solana treasury strategy in September 2025 with backing from investors and partners including Galaxy Digital, Jump Crypto, and Multicoin Capital. The company says its strategy includes buying, holding, staking, trading, and investing in SOL-related assets and projects.
The broader digital asset treasury sector has faced pressure during crypto market declines. As crypto.news reported, treasury companies tied to Bitcoin, Ethereum, and Solana have carried large unrealized losses as token prices fell.
Forward’s Q3 update shows that the company is still adding SOL despite earlier losses. The central measure it is asking investors to watch is SOL per fully diluted share. That metric now sits higher than the prior quarter, while the value of the treasury still depends on SOL market prices, staking revenue, borrowing costs, and shareholder dilution.
Solana is in the news after its active addresses surged significantly to 4.7 million over the past week. The hike in user interactions across the Solana network could translate into greater demand and eventually feed into investors’ market confidence.
However, will other on-chain and technical developments help sustain the improving market activity?
Source: Santiment On the daily chart, Solana seemeed to be approaching a key turning point at press time.
Its price action struggled for weeks below key resistance levels since it bounced back from its trading price of $59. Lately though, the token has been testing a major Exponential Moving Average(EMA) resistance at $75.
A successful move above that level could mark a shift in market structure and strengthen the case for a broader recovery. Here, the timing matters too. Especially since the altcoin’s improving fundamentals could add to and accelerate its improving network activity.
Source: TradingView Are long-term holders playing along? Accumulation of tokens on the network has been on the surge as well. In fact, holder balances have increased as a result of more investments being made on the platform in this period of consolidation.
However, there has been a drop in the supply too – Meaning that there are fewer tokens being returned to circulation.
The divergence could cause a demand shoot as not enough tokens may be available for circulation. As a result, the token’s price could push higher in the near future.
Source: Token Terminal Is it undervalued? Fundamental metrics seemed to be relaying a similar story. At the time of writing, Solana’s Price-to-Sales ratio was around 2 – A level that suggested the token may be undervalued at its trading price.
While valuation metrics are rarely used as short-term trading signals, they can provide useful context when assessing whether an asset is becoming stretched or remains relatively undervalued.
For some investors, the current ratio may strengthen the case for ongoing accumulation, which will turn out as another positive gain for SOL.
Source: Token Terminal Can buyers clear the next hurdle? The market now faces a clear test. A decisive move above the EMA resistance near $75 would strengthen the bullish structure that has been developing over recent sessions.
Beyond that level, the next major area of interest sits around $83, where previous selling pressure emerged.
At press time, the altcoin’s price action was catching up with its fundamentals. Especially since network activity has been growing and holders have continued to accumulate on the back of supportive valuation metrics. Together, they all appeared to be in support of the anticipated breakout.
Final Summary Solana’s active addresses surged to 4.7 million, signaling renewed activity across the network. Holder accumulation and a P/S ratio of 2 seemed to support SOL’s attempts to truly reclaim the key $75-resistance level.
Umbra Privacy has launched a private payroll system on Solana, giving businesses a way to pay employees in $USDC without exposing transaction details on the public blockchain. The product is the latest feature to emerge from the protocol's broader push to make on-chain finance safe for corporate use.
How It Works The payroll system is built on top of Umbra's existing privacy infrastructure. Operating as the first live consumer application deployed on Arcium's Mainnet Alpha, Umbra's environment is engineered on top of Arcium's multi-party computation (MPC) encrypted execution engine and zero-knowledge cryptographic proofs, hiding the identities of the sender and recipient, alongside total transaction values, from public scrutiny by default.
The platform supports multichain funding and offers instant withdrawals to either a crypto wallet or a traditional bank account. The integration introduces native, private fiat onramping and offramping alongside a corporate payroll engine directly inside the Umbra application, enabling users to fund digital asset wallets and accept corporate compensation without exposing their physical identity or bank routing details to public blockchain trackers. This is handled through a partnership with Onramper. "It's about giving people genuine control over their financial lives," said Krutarth Shah, CEO of Umbra. "Integrating Onramper means our users can fund their wallets and receive payroll with the same level of discretion they expect from every other part of the Umbra experience."
Under the newly activated framework, Umbra users can natively purchase digital assets utilizing 24 major fiat currencies without departing the application's secure perimeter. The financial transaction layer relies on Onramper's algorithmic aggregation engine, which dynamically routes each localized payment flow to the most competitive fiat-to-crypto onramp provider worldwide.
Compliance Built In A recurring concern with privacy protocols is regulatory risk. Umbra has addressed this by embedding compliance tooling directly into the product. This structural privacy does not compromise regulatory compliance. Umbra preserves critical enterprise oversight utilities, natively retaining institutional compliance tools such as developer viewing keys and automated transaction risk screening. The payroll product also includes payroll history tracking for internal record-keeping.
Umbra includes a voluntary audit feature allowing transaction history disclosure to regulators. The Solana Foundation's framing of "confidentiality, not anonymity" is deliberate regulatory positioning. Confidentiality around hidden amounts with visible addresses is defensible for business, payroll, and institutional use.
The launch addresses a structural problem that has long made on-chain payroll impractical for businesses. Solana is one of the most transparent blockchains ever built, with every transaction, including sender, recipient, and amount, publicly readable by anyone with a block explorer and a wallet address. DAOs and businesses risk exposing operational data, payroll, or treasury activity on a public ledger. Umbra's payroll feature is designed to close that gap, giving crypto-native companies a viable path to paying staff in digital assets without broadcasting compensation details to competitors or the wider market.
Sources
The Fintech Times: Umbra Integrates Onramper for Private Fiat Ramps and Crypto Payroll
Onramper: Umbra Integration Announcement
Crypto Economy: Umbra Launches Privacy Wallet on Arcium
Key Takeaways Bitcoin leads the pack as the most reliable long-term hold thanks to its limited supply and institutional backing Ethereum dominates smart contract platforms, DeFi applications, and stablecoin infrastructure Solana delivers exceptional speed and affordability while capturing growing DEX market share Chainlink serves as critical infrastructure by bridging smart contracts with off-chain data sources Sui presents a mid-cap opportunity with elevated risk but potentially significant returns Market observers have identified five digital currencies as the most compelling long-term investment opportunities as we move deeper into 2026. These selections prioritize network fundamentals, real-world utility, and adoption metrics over speculative price movements.
Bitcoin Bitcoin continues to hold its position as the premier long-term cryptocurrency investment. With a hard-coded maximum supply of 21 million coins, it represents the most scarce major digital asset available.
Bitcoin (BTC) Price The introduction of spot Bitcoin exchange-traded funds has simplified institutional access to the asset. Meanwhile, an increasing number of corporations are adding Bitcoin to their balance sheets, further integrating it into traditional financial systems.
Market analysts highlight Bitcoin as presenting the most favorable risk-to-reward profile across the entire cryptocurrency landscape. It serves as the cornerstone for any diversified digital asset strategy.
Experts recommend allocating 35 percent of a crypto portfolio to Bitcoin, representing the highest weighting among these five selections.
Ethereum Ethereum functions as the infrastructure layer for much of the cryptocurrency sector. The network powers thousands of decentralized applications and maintains the industry’s most robust DeFi ecosystem.
The Ethereum blockchain processes billions of dollars in stablecoin transactions. Its role in tokenizing traditional assets such as securities and property continues to expand.
While facing competition from emerging blockchains, Ethereum maintains unmatched developer engagement. This sustained developer interest represents a critical competitive advantage for its long-term prospects.
A 25 percent portfolio allocation to Ethereum is recommended for long-term holders.
Solana Solana stands out for its high-performance capabilities and minimal transaction costs. These characteristics have positioned it as a preferred platform for DeFi protocols, NFT marketplaces, payment systems, and mainstream applications.
Both stablecoin transaction volume and decentralized exchange activity on Solana have shown consistent upward trends. The network has also attracted growing institutional participation.
Analysts suggest a 20 percent allocation to Solana, positioning it as a high-growth blockchain with an increasingly mature ecosystem.
Chainlink Chainlink occupies a unique position among these recommendations. Instead of competing for transaction throughput, it provides critical infrastructure enabling smart contracts to interact with external data sources.
Its oracle technology is considered fundamental to the DeFi sector’s functionality. The platform’s Cross-Chain Interoperability Protocol has gained traction among institutions exploring asset tokenization.
Building a Balanced Portfolio The recommended allocation distributes capital as follows: 35 percent Bitcoin, 25 percent Ethereum, 20 percent Solana, 10 percent Chainlink, and 10 percent Sui.
This distribution aims to balance the stability offered by established networks with growth opportunities from emerging platforms.
Sui completes the portfolio as the highest-risk component. Built using the Move programming language, it prioritizes performance and scalability for gaming, DeFi, and consumer-facing applications.
While Sui’s ecosystem remains in earlier development stages, analysts acknowledge both its elevated risk profile and potential for outsized returns if user adoption accelerates.
No cryptocurrency represents a certain investment. The analysis emphasizes that diversifying across assets with proven fundamentals and practical applications may enhance long-term portfolio performance.
Cryptocurrency investments involve substantial risk and volatility remains inherent to the market. Each of these five digital assets fulfills a specific function within the broader crypto ecosystem as of July 2026.
Solana’s tokenized real-world asset ecosystem has hit a new all-time high of $3.3 billion, cementing the network’s position as the third-largest blockchain for RWA value. That’s a nearly fourfold increase from roughly $873 million at the start of the year.
The milestone puts Solana behind only Ethereum at $15.9 billion and BNB Chain at $4.0 billion. With a 10.39% market share in the RWA space, Solana is no longer a rounding error in the tokenization conversation.
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A trajectory that keeps steepening Solana’s RWA value climbed 27.92% over the previous 30 days, with 692 distinct assets now living on-chain. The network reached roughly $873 million in RWA value back in January 2026. By the end of Q1, that figure had ballooned to somewhere between $1.66 billion and $2.01 billion. The previous all-time high of $2.8 billion was set in May 2026.
Institutional players are already here Citigroup ran a pilot program for tokenized Bill of Exchange settlements on Solana back in February 2026. The pilot highlighted Solana’s low transaction fees and rapid processing speed as core advantages for institutional users.
Ondo Finance, which specializes in tokenized stocks and treasuries, has emerged as one of the key contributors to Solana’s RWA ecosystem. Kamino, another notable player, focuses on RWA-oriented DeFi markets. Together with support from the Solana Foundation and data infrastructure from platforms like rwa.xyz, the ecosystem supports a range of tokenized assets spanning treasuries, equities, and various financial instruments.
What this means for investors Solana’s 27.92% monthly growth rate and its position as the third-largest RWA blockchain changes the competitive dynamics. Ethereum maintains nearly five times Solana’s total RWA value, providing deeper liquidity pools and more composability options. Solana’s network has also historically dealt with outage concerns, and any significant downtime during institutional settlement processes could damage the trust that has taken months to build.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Shiba Inu (CRYPTO: SHIB) has dropped about 20% over the past month, but the meme coin regained a spot among the top 30 cryptocurrencies despite subdued network activity.
SHIB Enters Q3 With Major Supply ShiftData from Arkham Intelligence shows that investors withdrew around 2.6 trillion SHIB tokens from centralized exchanges like Binance and Kraken on June 30, capping a month-long trend of exchange outflows by large holders.
The withdrawals came as SHIB posted its worst-ever second quarter, falling 29.5% in Q2 and 24% in June.
The exchange outflows have fueled speculation of a potential July rebound, as SHIB has historically posted positive July returns over the past four years, U.Today reported.
In 2022, SHIB returned 13.4% while 8.92% in 2025.
However, analysts caution that the transfers could simply reflect routine fund reshuffling rather than a bullish accumulation signal.
Dull Burning Activity, Lull In TransactionsShiba Inu’s token-burning mechanism, once a key driver of supply reduction and price appreciation, has lost momentum in recent months.
Data from Shibburn shows the burn rate has increased by just 1% over the past month, while roughly 410.8 trillion SHIB, or about 41% of the total supply, has been removed from circulation till date.
Network activity has also weakened sharply.
According to Shibarium data, daily transactions have plunged to around 1,280, down from peaks of more than 3 million transactions per day recorded in 2025, highlighting a significant slowdown in ecosystem usage.
Image: Shutterstock
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AMSTERDAM--(BUSINESS WIRE)--Nebius, the AI cloud company, today announced the winners of the AI Discovery Awards, its annual showcase of leading startups that are using AI to deliver advances in healthcare and life sciences.
The 2026 program added Medical Devices and Medical Imaging to the existing BioPharma, Genomics, and Digital Health tracks, reflecting the growing role of AI in connected medical equipment and diagnostic imaging, where inference-intensive workloads are beginning to reshape clinical practice.
Nebius congratulates the following winners in each category:
Place
Biopharma
Digital Health
Genomics
Medical Devices
Medical Imaging
1st
Phylo
Corti.ai
Omniscope
Real Time Imaging Systems
Nucleo Research
2nd
Virgo
VitVio
Twig Bio
BAIBYS™Fertility
Subtle Medical
3rd
Decoy Therapeutics
EverEx
DELFI Diagnostics
Fluent
Hertility Health
Dr. Ilya Burkov, Global Head of Healthcare & Life Sciences at Nebius, said:
“Our winners – and indeed all of the 647 submissions we reviewed – reflect how rapidly AI is changing the pace of healthcare research. Across all categories, startups are compressing timelines that once took years into months or even weeks, and bringing capabilities to clinical and laboratory settings that simply did not exist before. The AI Discovery Awards exist to accelerate that momentum, and to connect the most promising teams with the compute resources, investor networks, and mentorship they need to move from promising research to bringing products to market.”
Alongside the awards program, Nebius previewed the Nebius Scientific AI and Healthcare Platform, AI infrastructure built to meet the specialist needs of healthcare and life sciences organizations. Developed in collaboration with teams from across biotech, pharma, digital health, academia, and research institutions, the Nebius Scientific AI and Healthcare Platform is built around two primary use cases: private model hosting gives biotech and pharmaceutical organizations the ability to securely host proprietary models without dedicated GPU overhead; while “Bring your Own Job” supports the custom, reproducible scientific workflows that researchers prefer over standard inference endpoints.
Now in their second year, the AI Discovery Awards are a core part of Nebius’s broader commitment to supporting startups and enterprises developing AI applications in healthcare and life sciences. Previous winners have included Transcripta Bio, Slingshot AI, Converge Bio and Prima Mente. This year’s awards ceremony was held at Town Hall by Bottaccio, London.
The 2026 AI Discovery Awards were open to companies from pre-seed through to Series D that put AI and machine learning at the core of their product. Category winners were selected from 647 applications received from around the world by an independent panel of 28 judges representing leading pharmaceutical companies, academic institutions, and venture capital firms. Submissions were evaluated based on the use of AI within the product, use of compute, technical innovation, functionality and advantages, performance and efficiency, global impact, and market potential and business sustainability.
Category winners each received $100,000 in compute and inference credits, with second and third place receiving $50,000 and $30,000, respectively, in compute credits.
In addition, Regional Trailblazer awards recognizing exceptional companies advancing AI in healthcare and life sciences around the globe were awarded for the first time. Winners each received $30,000 in compute credits: Check Me (Africa), Hummingbird Bioscience (APAC), Owkin (EMEA), Arkangel AI (Latin America), and Xaira Therapeutics (North America).
A full list of shortlisted companies, as well as qualification criteria and a jury list, can be found on Nebius’s website at: https://nebius.com/ai-discovery-award.
About Nebius
Nebius, the AI cloud company, is building the full-stack platform for developers and companies to take charge of their AI future — from data and model training to production deployment. Founded on deep in-house technological expertise and operating at scale with a rapidly expanding global footprint, Nebius serves startups and enterprises building AI products, agents, and services worldwide.
Nebius is listed on Nasdaq (Nasdaq: NBIS) and headquartered in Amsterdam.
For more information please visit www.nebius.com.
Media kit nebius.com/media-kit.
Disclaimer
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dYdX Labs founder Antonio Juliano launched Arcus, a new DEX combining tokenized stock trading with perpetual futures, built jointly with Robinhood Crypto on Robinhood Chain.
dYdX Labs launched Arcus on Wednesday, a decentralized exchange that combines tokenized stock trading with perpetual futures. Founder Antonio Juliano announced the launch on X, built jointly with Robinhood Crypto.
Arcus runs on Robinhood Chain, the EVM-compatible layer 2 that Robinhood opened to the public earlier the same day. Spot trading across 95 stock tokens is live now, letting users trade tokenized equities around the clock instead of only during market hours. Perpetuals covering 35 real-world-asset markets remain in a waitlist phase, dYdX said in its launch post.
Eddie Zhang, whose trading startup Pocket Protector was acquired by dYdX Labs, runs Arcus as chief executive. Juliano is joining its board, according to the dYdX blog post announcing the launch. The stock tokens give holders contractual economic exposure to the underlying equity rather than direct share ownership, the post said, the same tokenization structure Robinhood uses across the rest of Robinhood Chain.
dYdX, the decentralized perpetuals exchange that runs its own Cosmos-based appchain, holds $92.4 million in total value locked, per DefiLlama. Its DYDX token traded around $0.1451, according to CoinGecko. dYdX Chain v4 keeps operating alongside Arcus, with existing funds and positions unaffected, the blog post said.
Robinhood Crypto supplies the trading infrastructure and distribution to Robinhood's user base for Arcus, but the brokerage has not issued its own statement naming Arcus or dYdX as of publication.
dYdX said a future Arcus token will reserve allocation for people who traded, staked or validated on dYdX, prioritizing the existing dYdX community over new entrants when the token launches. No launch date for that token or for the Arcus perpetuals waitlist has been set.
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.
The company behind the dYdX decentralized exchange (DEX) has partnered with Robinhood to rebrand and launch the protocol as Arcus on the Robinhood Chain.
An X account for Arcus posted on Wednesday that “dYdX is now Arcus” and would launch on the Robinhood Chain, Robinhood’s Arbitrum-based layer 2 blockchain that went live the same day.
The dYdX Foundation said that dYdX Labs created Arcus “in partnership with Robinhood” and that the dYdX blockchain “is not affected by it in any way.” The platform is set to be blockchain’s “leading DEX” and will give users access to perpetual products and fee-free trading of 95 tokenized stocks.
Source: Charles d’Haussy
The DEX is part of Robinhood’s expanded push into tokenized assets and perpetual trading, two areas of crypto that have recently exploded in popularity as US regulators have shown interest in allowing the products to more easily come to market.
Robinhood’s embrace of perpetual trading comes as it looks to entice traders who have flocked to the crypto perpetual futures platform Hyperliquid, whose token has climbed nearly 150% so far this year as it has captured market share.
Arcus to offer tokenized stock, perps trading“Until now, traders have been shut out of the most valuable markets on earth — US equities, commodities, and indices — because of where they live, market hours, and institutions restricting access,” Arcus said in a blog post. “We built Arcus to reduce these barriers.”
The protocol said that it will offer perpetuals and tokenized stock trading that will go live this month, allowing tokenized stocks to be used as collateral for perpetuals and providing access to pre-IPO markets.
It added that Robinhood Crypto, the company’s crypto technology arm, made an investment in Arcus but did not disclose further details.
The dYdX Foundation said that Arcus “is a distinct, independent product built on separate infrastructure” and that the dYdX blockchain would continue to operate and be owned by its community.
Major retail-focused trading platforms have been moving to expand their offerings to remain competitive. Crypto exchange Coinbase has looked to rival Robinhood and become a full-service trading platform, having added access to thousands of stocks earlier this year.
Robinhood’s blockchain also follows a similar move from Coinbase in 2023, when the latter launched its Ethereum layer-2 blockchain Base that has grown to be the fifth-largest by value locked, according to DeFiLlama.
Meanwhile, Bitget Wallet, the self-custodial wallet from the Bitget crypto exchange, said on Wednesday that it partnered with Robinhood Crypto to integrate the company’s blockchain to allow its users to trade tokenized stocks.
The decentralized exchange 1inch also said on Wednesday that it would be among the first major swap platforms to support Robinhood Chain.
Big Questions: Do we really only need 2–5 cryptocurrencies?
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
The company behind the dYdX decentralized exchange (DEX) has partnered with Robinhood to rebrand and launch the protocol as Arcus on the Robinhood Chain.
An X account for Arcus posted on Wednesday that “dYdX is now Arcus” and would launch on the Robinhood Chain, Robinhood’s Arbitrum-based layer 2 blockchain that went live the same day.
The dYdX Foundation said that dYdX Labs created Arcus “in partnership with Robinhood” and that the dYdX blockchain “is not affected by it in any way.” The platform is set to be blockchain’s “leading DEX” and will give users access to perpetual products and fee-free trading of 95 tokenized stocks.
Source: Charles d’Haussy
The DEX is part of Robinhood’s expanded push into tokenized assets and perpetual trading, two areas of crypto that have recently exploded in popularity as US regulators have shown interest in allowing the products to more easily come to market.
Robinhood’s embrace of perpetual trading comes as it looks to entice traders who have flocked to the crypto perpetual futures platform Hyperliquid, whose token has climbed nearly 150% so far this year as it has captured market share.
Arcus to offer tokenized stock, perps trading“Until now, traders have been shut out of the most valuable markets on earth — US equities, commodities, and indices — because of where they live, market hours, and institutions restricting access,” Arcus said in a blog post. “We built Arcus to reduce these barriers.”
The protocol said that it will offer perpetuals and tokenized stock trading that will go live this month, allowing tokenized stocks to be used as collateral for perpetuals and providing access to pre-IPO markets.
It added that Robinhood Crypto, the company’s crypto technology arm, made an investment in Arcus but did not disclose further details.
The dYdX Foundation said that Arcus “is a distinct, independent product built on separate infrastructure” and that the dYdX blockchain would continue to operate and be owned by its community.
Major retail-focused trading platforms have been moving to expand their offerings to remain competitive. Crypto exchange Coinbase has looked to rival Robinhood and become a full-service trading platform, having added access to thousands of stocks earlier this year.
Robinhood’s blockchain also follows a similar move from Coinbase in 2023, when the latter launched its Ethereum layer-2 blockchain Base that has grown to be the fifth-largest by value locked, according to DeFiLlama.
Meanwhile, Bitget Wallet, the self-custodial wallet from the Bitget crypto exchange, said on Wednesday that it partnered with Robinhood Crypto to integrate the company’s blockchain to allow its users to trade tokenized stocks.
The decentralized exchange 1inch also said on Wednesday that it would be among the first major swap platforms to support Robinhood Chain.
Big Questions: Do we really only need 2–5 cryptocurrencies?
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
When shares of Space Exploration Technologies (SPCX 7.80%) opened to the public at $150 per share on June 12, some interested investors had difficulty filling their orders. With massive demand for the stock in its first few days of trading, the price shot up to an intraday peak of $225.64 on June 16.
Since then, however, it's been a different story. By late June, it had given up most of those gains, and even briefly traded below $150. As of the close of trading July 1, SpaceX stock was changing hands for under $158 -- around 5% above where it opened to the public on June 12.
There appear to be two reasons for this decline, as well as two upcoming events that could drive meaningful short-term price movements for the stock.
Image source: Getty Images.
The stock price falls as demand fades Highly anticipated initial public offerings (IPOs) can soar during their first few days of trading based on excitement alone. After all, investors have been hearing about these private companies for years, but were never able to buy shares. Many who buy in early do so because they don't want to miss out on what could be the next Amazon or Nvidia.
After a few days, however, those who particularly wanted to own the stock probably have already bought it. Active demand starts to decline. At that point, there isn't much left to help propel the stock price higher over the short term.
Then came the company's announcement of a $25 billion bond offering on June 22. That debt sale, coming so soon after the IPO, created fresh worries about the capital-intensive nature of SpaceX's ambitions. That day alone, shares dropped by more than 12% to close at $154.60.
What moves the SpaceX stock from here Over the next two months, two events could create short-term price movements for SpaceX stock. On July 7, the company will be added to the Nasdaq-100 index, which includes the 100 largest non-financial companies listed on the Nasdaq. As a consequence, mutual funds and exchange-traded funds that track that index will have to buy SpaceX shares, which may prop up the stock price in the short term.
In August, SpaceX is expected to deliver its first earnings report as a publicly traded company. There may not be much new information in that readout, as SpaceX just went public, but based on recent trading, it's hard to imagine a muted response to whatever the company presents.
Perhaps more important is that the arrival of that earnings report will trigger the end of one of the company's lock-up periods, allowing insiders and early investors to start selling a fraction of their shares.
SpaceX created a staggered system for when insiders are allowed to sell shares. Starting on the second full day of trading after that first earnings report, insiders will be permitted to sell up to 20% of their eligible, previously locked-up shares. If the stock is trading 30% or more above the IPO price -- so, $175.50 -- those insiders can sell another 10% of their shares.
There's likely to be a lot of price action over the next two months, but that doesn't suggest the stock price will make meaningful moves higher or lower. It may remain stuck in a range for the short term, but that's not as important for long-term investing.
What will be more important is seeing continuous progress from SpaceX in building out artificial intelligence (AI) infrastructure, which will allow it to capitalize on what it predicts will be a $26.5 trillion total addressable market in AI.
Apple remains resilient amid industry-wide memory chip shortages, leveraging strong supplier agreements and a robust services segment to protect margins. I expect Q3 2026 revenue of $107–$109B and EPS of $1.80–$1.84, with a reiterated price target of $290, reflecting optimism from upcoming Siri AI enhancements and product launches. Despite recent price hikes and margin pressures, AAPL's negative 62-day cash conversion cycle and stable inventory management position it ahead of peers like Dell and HP.
Amazon is focusing on building chips for its "critical" consumer devices, the company's top hardware executive told CNBC.
In a wide-ranging interview on CNBC's "The Tech Download" podcast, Panos Panay, the head of devices and services at Amazon, discussed, for the first time, the company's approach to semiconductors in its own hardware and how it's experimenting with different types of AI-enabled gadgets.
"We do make our own end-to-end silicon for the devices that we ship," Panay said.
He said Amazon's custom silicon is in devices such as the Echo Show 8, Echo Show 11 and Fire TV.
In October, Amazon unveiled the AZ3 and AZ3 Pro chips designed to run AI models on-device rather than in the cloud. Many device makers see locally run AI as faster and more secure.
Some hardware makers like Apple design their own chips, which can give a consumer electronics company more control over the integration of hardware and software.
"On some of the more critical devices right now, our focus is end-to-end silicon, because to your point, if you really want that hardware and software connection ... and if we're going to go deliver this ambient experience in the home for people in the most secure way, we definitely need to think about how that end-to-end delivery of hardware comes together," Panay said.
Panay added that the company still also uses chips from companies like Qualcomm.
For Amazon, the focus on custom chips is part of its broader push to improve AI on devices.
Amazon launched Alexa+ for general availability in the U.S. this year. Alexa+ is a souped-up version of Amazon's digital assistant, which can handle more complex queries and tasks. Alexa+ can learn context and user patterns. Amazon has a range of hardware from Ring doorbells to Echo Devices and Fire TV. Alexa+ is intended to help users tie all their Amazon products together.
What Panos Panay said about future AI gadgetsAs Amazon's digital assistant gets advanced capabilities, Panay said he was thinking about how users will interact with devices and what that means for future gadgets.
"I think we might be moving away from a world of apps and screens," Panay said, adding that "conversation and context" will be more important for AI assistants.
Asked what kind of gadgets the company was working on, Panay said: "When you think about the future of AI devices, you got to be super skeptical right now for anyone who tells you they know what they are. I have a lab full of devices."
Last month, Qualcomm CEO Cristiano Amon told "The Tech Download" that the company was working on 40 new AI-powered devices as consumer electronics companies look for the next big hit after the smartphone.
Alexa+ will continue to compete with offerings from ChatGPT with OpenAI and Google Gemini which are also going after the consumer experience. Google is using the reach of the Android operating system to acquire more users, while companies like Samsung are building a lot of their AI features on Gemini models.
For Amazon, Alexa+ is a way for the company to lock users into its own ecosystem of devices and e-commerce.
Last year, Amazon made a major foray into wearables when it acquired Bee, a company that makes $49.99 wristbands that can understand voice and create lists, answer questions and draft notes.
Panay said there is a "whole roadmap of on-the-go devices." The executive described these devices as gadgets that people carry with them, that collect data and that people talk to.
"So when you are back in the home or when you are at work, that connection stays consistent and contextual," Panay said.
He added that "you won't have to wait long" for an Amazon product like this.
Netflix (NFLX +3.94%) is scheduled to report quarterly financial results that could have huge implications for shareholders.
*Stock prices used were the afternoon prices of June 29, 2026. The video was published on July 1, 2026.
Parkev Tatevosian, CFA has positions in Netflix. The Motley Fool has positions in and recommends Netflix. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
AbbVie is acquiring Apogee Therapeutics for $10.9B, reinforcing its immunology franchise and addressing future patent cliffs proactively. Skyrizi and Rinvoq have already replaced Humira's revenue, with combined sales surpassing Humira's peak and continuing to grow at 20–30% post-LOE. Zumilokibart, Apogee's lead asset, offers best-in-class efficacy and dosing convenience in atopic dermatitis, with Phase 3 data expected in 2028 and approval in 2030.
PwC pegs global M&A at $4 trillion for 2026, the biggest deal wave in a decade. Wall Street is trying to decide whether that firehose of activity is a tailwind or a warning sign, and the strategists on CNBC this week landed on both.
Jay Woods of Freedom Capital Markets thinks the second half starts sluggish before it ends euphoric. “We’re going to have a little bit of a sputter out of the gates in quarter three… knocking on the door of new highs and probably finish the year very strong,” he said. The setup has some historical rhyme. The VIX sits at 16.45, below the 12-month average of 18.09, and Polymarket bettors already saw Q1 2026 resolve to a negative S&P 500 return. Complacency plus a fat deal calendar is a strange cocktail.
Stephanie Guild at Robinhood Markets frames the mechanical problem. “The market is not used to ingesting this much equity because typically over the last few years it’s been a lot of stock buybacks,” she said. When companies spin off subsidiaries or issue paper for acquisitions, float goes up. Buybacks shrink float. The reflex trade of the last five years is running in reverse, and every announced deal below is proof.
Honeywell just finished the most public breakup on the tape Honeywell (NASDAQ:HON | HON Price Prediction) completed the Aerospace spin-off on June 29, 2026, capping what CEO Vimal Kapur called “the final steps to conclude our multi-year portfolio transformation.” Solstice Advanced Materials is already trading separately, Productivity Solutions is going to Brady, and Warehouse and Workflow is going to American Industrial Partners. Q1 revenue landed at $9.14 billion with a $38.30 billion backlog, per the Q1 2026 8-K.
The stock is up significantly year to date, most of that concentrated in the last month as the spin-off resolved. Honeywell trades at a forward multiple of 22, with an analyst target of $474.75 that reflects the sum-of-parts thesis rather than the current single ticker.
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Rocket Lab is running a roll-up in space Rocket Lab (NASDAQ:RKLB) closed the Mynaric acquisition, signed for Motiv Space Systems, and Reddit chatter already flags an Iridium deal as “the third space consolidation move this quarter”. Peter Beck told investors, “We exited the quarter with $2.2 billion in backlog and currently have access to more than $2 billion in liquidity, putting us in a very strong position for continued growth and M&A execution.”
Alcoa, Comcast, and the AI question underneath everything Alcoa (NYSE:AA) booked a $786 million gain on its Ma’aden stake sale and took an $895 million restructuring charge to shut Kwinana. Comcast (NASDAQ:CMCSA) completed the tax-free Versant Media spin on January 2, 2026, and Brian Roberts said it created “a more focused NBCUniversal centered on streaming, live sports, and premium content.” Both stocks trail the tape year to date, which is the point. Portfolio moves take a while to reprice.
Then there is NVIDIA (NASDAQ:NVDA), running strategic partnerships with Meta, Anthropic, and Groq instead of traditional M&A, all funded by an additional $80 billion share repurchase authorization. Eva Ados used NVIDIA to make the deflation argument. “AI is deflationary… the benchmark for the S&P 500 is 600 thousand per employee… NVIDIA, that’s 6 million,” she said. Q1 FY27 revenue hit $81.6 billion and Jensen Huang guided Q2 to $91 billion.
What to watch next Three variables decide H2. Whether Woods’ October bottom shows up on schedule, whether the market can absorb spin-off float without a re-rating, and whether Ados is right that AI productivity blunts the inflation that would otherwise force the Fed’s hand. The deal wave is real. The digestion is the trade.
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Largest IPO and Highest Volume of Capital Raised in U.S. Exchange History, with $129.3 Billion Raised in the First Half of 2026
7 of the 10 Largest IPOs of the Year Listed on Nasdaq, as Leading Companies in AI, Aerospace and Biotech Choose Nasdaq to Accelerate Growth
Nasdaq Texas Debuts as a New Dual Listing Venue with First Cohort of Companies and Inaugural Advisory Board
NEW YORK, July 01, 2026 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) announced today that the first half of 2026 marked the strongest start in U.S. exchange history, with $129.3 billion raised from new listings. The milestone reflects a public markets environment defined by renewed confidence, broad sector participation, and the arrival of landmark companies whose listings signal a new era of ambition in the global economy.
The record capital raised reflects sustained momentum across high-growth sectors and reinforces Nasdaq's standing as the trusted partner for companies seeking access to global capital markets. SpaceX propelled the period with its landmark listing, raising $85.7 billion in the largest IPO of all time. Additional marquee listings included Cerebras, the largest semiconductor IPO of all time, Quantinuum, the largest pure-play quantum IPO of all time, and Parabilis, the largest biotech IPO of all time.
“Nasdaq was founded with a clear purpose to build markets that were more transparent, more efficient and more accessible, leveraging technology as the engine to drive that vision forward. We became the exchange for innovators — a home for the companies that build what comes next. Today, the 10 largest companies in the U.S. by market capitalization are all listed on Nasdaq. This reflects decades of investment in market infrastructure and an unwavering commitment to the companies we serve. The first half of 2026 is a powerful reminder of what public markets make possible — not just for the companies that list, but for the people who get to share in that growth,” said Nelson Griggs, President, Nasdaq.
A video accompanying this announcement is available here.
Advancing Nasdaq Texas
Nasdaq Texas launched as a dual listing venue in March 2026, with Rachel Racz appointed as President, and an inaugural Advisory Board established to guide the exchange's approach to capital formation, governance, and market development. At the time of its IPO on Nasdaq, SpaceX dual-listed on Nasdaq Texas, making Nasdaq Texas the largest listing venue in Texas by market capitalization. The exchange is designed to serve the growth of the Texas capital markets and expand access to public markets for companies across the region.
Powering the Innovation Economy
In the first half of 2026, Nasdaq listings spanned the breadth of the innovation economy. Parabilis Medicines completed the largest biotech IPO of all time, Fervo Energy delivered the biggest energy IPO of the year, and the listings of SpaceX, Arxis, and Honeywell Aerospace expanded Nasdaq's presence in the space and defense sector. From the internet, to mobile, to cloud, to AI, the companies defining each era of the global economy have chosen Nasdaq, drawn to a partner built on continuous innovation and a global platform designed to help companies scale from ambition to enduring value.
As the innovation economy continues to expand across sectors and geographies, Nasdaq intends to build on the momentum of the first half of the year as it continues to modernize its markets, advance capital formation, and ensure public markets remain a powerful engine for long-term growth. The pipeline ahead reflects that same strength, with companies across AI, biotech, energy, aerospace, and defense among those signaling readiness, reinforcing that the diverse sectors driving Nasdaq’s record first half are those poised to define what’s next.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the infrastructure of the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying advanced technology, data, and intelligence solutions that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to (i) projections relating to our future financial results, total shareholder returns, growth, dividend program, trading volumes, products and services, ability to transition to new business models, taxes and achievement of synergy targets, (ii) statements about the closing or implementation dates and benefits of certain acquisitions, divestitures and other strategic, restructuring, technology, de-leveraging and capital allocation initiatives, (iii) statements about our integrations of our recent acquisitions, (iv) statements relating to any litigation or regulatory or government investigation or action to which we are or could become a party, and (v) other statements that are not historical facts. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, geopolitical instability, government and industry regulation, interest rate risk, and U.S. and global competition. Further information on these and other factors are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q, which are available on Nasdaq’s investor relations website at https://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), one of the world's leading providers of financial market technology and data powering global capital markets, and NATIVX, the public exchange for compute, today announced plans to launch GPU compute futures contracts based on NATIVX's COIL Index, which tracks the price of tokenized, energy-normalized compute and connectivity.
"Driven by the transformative force of AI, compute has quickly become an important asset class and is uniquely situated to benefit from the additional pricing transparency and risk management that comes from futures markets," said Trabue Bland, SVP of Futures Markets at ICE. "The new contracts will offer price discovery for customers globally through a hedgeable index that will benefit from trading alongside ICE's natural gas and power futures contracts."
COIL is designed to track tokenized GPU compute prices in an energy-normalized index that is built around maximizing constituent capacity. It reflects compute and connectivity, normalized to one stable unit and auditable at every step. The new futures contracts will be U.S. dollar denominated and cash-settled.
"AI's continued growth depends on turning compute from a fragmented, unpredictable operating cost into transparent and manageable market infrastructure,” Cole Crawford, Founder and Chairman of NATIVX. “Compute is now an asset class, and like every asset class, it needs a public price and a market. By combining our energy-normalized index with ICE's global futures marketplace, we're giving the world's largest new commodity the transparent and regulated venue it has been missing."
GPU compute and energy are deeply intertwined — power represents a significant input cost in running large-scale compute infrastructure, and fluctuations in electricity prices directly impact the economics of AI workloads. By normalizing compute prices to a consistent energy unit, the COIL Index strips out the noise introduced by regional power cost disparities, giving market participants a clearer basis for comparison.
Listing these contracts alongside ICE's established power and natural gas futures creates a uniquely integrated hedging environment where operators and consumers of compute can manage their GPU exposure in the same venue where they already hedge their underlying energy costs, while energy market participants gain a direct window into one of the fastest-growing sources of electricity demand in the world.
The contracts are expected to be launched later this year, subject to completion of relevant regulatory processes.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on February 5, 2026.
About NATIVX
NATIVX is the public market for compute and connectivity, the exchange where capacity is priced, traded, and settled against the COIL Index. Based in San Juan, Puerto Rico, NATIVX publishes the COIL index, including its COIL-T (training), COIL-I (inference), COIL-G (graphics), and COIL-CO (connectivity) sub-indices, and operates the exchange on technology licensed from Synova Global. Learn more at NATIVX.exchange.
About Synova Global
NATIVX is built on technology licensed from Synova Global, its underlying technology provider. Synova Global develops the core index, exchange, and settlement technology; NATIVX publishes the COIL index and operates the public exchange on that licensed foundation.
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-07-02 13:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Injective (INJ) network to support its network upgrade and hard fork to ensure the best user experience. The network upgrade and hard fork will take place at the block height of 172,502,000, or approximately at 2026-07-02 14:00 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-07-02
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.
Binance will temporarily pause INJ token deposits and withdrawals tomorrow as the Injective protocol rolls out its latest mainnet upgrade. Trading on the exchange will continue as normal, so holders won’t be locked out of their positions, just their on-chain movements.
The upgrade, designated IIP-665 or v1.20.1, is scheduled for a chain halt at approximately 14:00 UTC on July 2, 2026.
What IIP-665 actually does IIP-665 is focused on performance optimizations and technical improvements across Injective’s on-chain modules and economic structures.
The upgrade builds on the much larger Vulcan mainnet upgrade, version 1.20.0, which went live on June 9, 2026. That one introduced native USDC support, new real-world asset markets, lower transaction fees, and an advanced oracle engine that slashed gas costs for price data by approximately 90%.
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IIP-665 smooths out the technical infrastructure that Vulcan laid down, optimizing the systems that now handle native stablecoins, RWA tokenization, and perpetual trading on the network.
Binance has supported multiple Injective mainnet upgrades previously, including ones in December 2025 and earlier in 2026. Pausing deposits and withdrawals during a chain halt prevents tokens from getting stuck in limbo between the old chain state and the new one.
Injective’s upgrade velocity in context Injective operates as a Cosmos SDK-based Layer-1 blockchain built specifically for decentralized finance. The protocol is tailored for perpetuals, stablecoin functionalities, and RWA tokenization.
The governance of Injective has produced multiple upgrades since the protocol launched in 2021. Two significant mainnet upgrades within a single month, Vulcan on June 9 and IIP-665 on July 2, reflects an accelerating development pace.
On July 1, 2026, the Injective community executed buybacks totaling over $246,000. INJ functions as both the native utility token and the governance token for the protocol, meaning upgrade proposals like IIP-665 go through on-chain voting.
What this means for investors The Vulcan upgrade’s 90% reduction in oracle gas costs is a meaningful competitive advantage in DeFi, where transaction fees directly impact trader profitability and protocol adoption.
Injective’s recent addition of native USDC support and RWA markets, combined with ETF filing activity noted in recent ecosystem developments, adds institutional interest that could drive future demand for INJ.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The energy drink segment is growing faster than the overall beverage market.
*Stock prices used were the afternoon prices of June 29, 2026. The video was published on July 1, 2026.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Celsius Holdings and Monster Beverage. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Hong Kong-listed shares of Chinese electric vehicle makers surged Thursday after June delivery figures buoyed investor sentiment, with BYD gaining around 9% and Xiaomi climbing about 5%.
Xiaomi reported its third consecutive month of having over 30,000 deliveries in June. The company's shipments from January to June totaled over 180,000 units, representing about 33% of its 2026 delivery target of 550,000 units, according to Citi.
Xiaomi share price
Citi said Xiaomi's shares could rebound in August with the launch of its YU9 luxury sport utility vehicle.
"Any sign of memory peaking given more capex announcement from global Chinese memory makers could be positive to Xiaomi shares," it added.
Meanwhile, BYD posted a vehicle sales volume of 403,472 units in June, up 5.46% from 382,585 units in the same period a year ago.
Deutsche Bank said BYD's second-quarter sales volume rose 58% from the previous quarter to 1.1 million units.
"We forecast the company's quarterly net profit to increase 145% QoQ to RMB 10 billion in the second quarter," according to a note by Deutsche Bank.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Empowering investors, brokers, owners, and occupiers with the data and analytics needed to succeed in France’s estimated €300 billion commercial real estate market
PARIS--(BUSINESS WIRE)--CoStar Group (NASDAQ: CSGP), an S&P 500 company and the global leader in real estate marketplaces, information, analytics and 3D digital twin technology today announces the official launch of the CoStar platform in France – bringing its commercial real estate intelligence platform to one of Europe’s largest markets. The launch builds on CoStar Group’s acquisitions of BureauxLocaux and Business Immo and significant investment in local proprietary research to create one of the most comprehensive commercial property databases ever built for the French market.
For the first time, investors, brokers, owners, corporate occupiers, and lenders in France can use a single platform to access curated property records, live availabilities, verified sale/lease comparables, exclusive industry news and real-time market analytics built from the ground up for the French market.
The launch was made possible by CoStar Group’s investment of more than $5 billion in proprietary data and technology over four decades to build a proprietary global database that is unmatched in the industry. Globally, the CoStar platform draws on:
9 million properties tracked 8 million commercial tenants and 2 million owners connected to properties 7 million lease activities and 5 million sales comparables 15,000 analytical reports covering markets and submarkets Industry news articles linked directly to properties and people. From launch in France, CoStar will deliver one of the most comprehensive commercial real estate datasets in France spanning office, logistics, and hospitality sectors across the country’s major metropolitan areas – including Greater Paris, Lyon, and Marseille. CoStar clients immediately benefit from more than 290,000 properties tracked, 385,000 commercial tenants, 90,000 availabilities, 75,000 lease activities and sales comparables, over 134 market and submarket analytical reports, and market-leading real estate news.
“France is one of the most important real estate markets in the world, and we are delighted to bring to France the same platform that has transformed how commercial real estate is transacted in the United States, the United Kingdom and Canada. French brokers, investors, owners and occupiers will now be able to source opportunities faster, underwrite more robustly and make decisions with greater confidence,” said Andy Florance, Founder and CEO of CoStar Group. “Commercial real estate operates across borders, and CoStar’s subscriber base of over 320,000 CRE professionals around the world will now find it easier to evaluate opportunities in France, while French CoStar subscribers will be able to access opportunities abroad.”
Sandra Roumi, General Manager France of CoStar Group: "French real estate is entering a new era. Our ambition is clear: to support the real estate ecosystem with the highest standards in data quality, transparency, and technology. CoStar Group is investing heavily to build, alongside the French market, a new generation of tools and services designed to support performance, confidence, and growth."
About CoStar Group
CoStar Group (NASDAQ: CSGP), an S&P 500 company, is the global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986 and headquartered in Arlington, Virginia, CoStar Group has delivered 60 consecutive quarters of double-digit revenue growth, generating $3.2 billion in revenue in 2025. The company has invested more than $5 billion in building its proprietary database, employs over 1,500 researchers worldwide, and operates in more than 15 countries. CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of ON Semiconductor Corporation ("Onsemi" or the "Company") (NASDAQ: ON). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Onsemi and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On June 25, 2026, Onsemi announced an agreement to buy the internet-of-things company Synaptics Incorporated ("Synaptics") in an all-stock transaction. Pursuant to the terms of the agreement, Synaptics shareholders will receive 1.35 shares of Onsemi stock for each Synaptics share, representing an enterprise value of around $7 billion.
Following announcement of the agreement, Onsemi's stock price fell $28.09 per share, or 23.66%, to close at $90.65 per share on June 26, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
OSLO, Norway--(BUSINESS WIRE)--Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE: TDY), and STORM have announced a partnership that will bring Teledyne FLIR's Black Recon™ vehicle reconnaissance system to RADS™, the Rapid Adapt and Deploy System. As a RADS Application Partner, Teledyne FLIR gains a standardised route to field Black Recon across many more vehicle types, while joining STORM's growing ecosystem of certified technology partners. The partnership was signed at E.
Dutch Bros (BROS +2.09%) shares gained 23.8% last month. The stock surged from approximately $56 to over $65 between June 10 and June 11. Trading volume during those two sessions reached roughly 6 million shares per day, well above the stock's typical average.
According to data from S&P Global Market Intelligence, this marked one of the coffee chain's biggest two-day surges since Dutch Bros went public in 2021. Combined with two high-volume spikes in the second half of the month, Dutch Bros treated shareholders right in June.
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A perfect storm (the good kind) Credit the June 10 Consumer Price Index report for getting things started. Inflation came in cooler than expected, and growth stocks across the board caught a bid. As a consumer-discretionary name amid an ambitious expansion, Dutch Bros fits the profile perfectly.
However, macroeconomic tailwinds only tell part of the story. Dutch Bros entered June with short interest representing roughly 44.5% of its float. When shares began climbing on the inflation news, short sellers rushed to cover their positions, creating a feedback loop that amplified the price gains and drove unusually high trading volume. I've seen more intense short squeezes, but it was still a classic example of that trading pattern.
The company's own story helped too. A Q1 earnings beat in May, raised full-year revenue guidance ($2.05 billion to $2.08 billion), and plans for at least 185 new locations this year gave investors something to point to beyond just a nice inflation report. The company's expansion into Chicagoland and continued mobile ordering rollout added to the sense that Dutch Bros is still in growth mode.
There's one notable wrinkle in Dutch Bros' bullish June story. Insiders were selling into the rally. Executive Chairman Travis Boersma and CEO Christine Barone offloaded about 1.5 million shares over those two days of intense trading volume. Before anyone panics, the sales were executed through pre-arranged Rule 10b5-1 trading plans. In other words, the executives were simply monetizing some of their Dutch Bros holdings according to plan.
The market shrugged it off and kept buying.
Image source: The Motley Fool.
So now what? The June rally dropped Dutch Bros' short interest considerably. The easy gains from squeeze mechanics are probably in the rearview mirror. That's not necessarily bad news; it just means Dutch Bros stock will need to move on fundamentals from here rather than benefiting from an amplified short-squeeze panic.
The underlying investment thesis remains the same: Dutch Bros is a high-growth coffee chain executing an aggressive expansion strategy. Its friendly customer service plus the low cost of building and maintaining small drive-through shops add up to a vibrant growth story. The stock is just a bit more expensive than it was in early June.
For anyone considering Dutch Bros stock from the sidelines, the calculus is simple: if the growth thesis appealed to you before, it should still look tempting now. If it didn't, a temporary short squeeze shouldn't make you an instant bull anyway.
Robinhood just shipped its own blockchain. The company launched the public mainnet of Robinhood Chain on July 1, an Arbitrum-based Ethereum Layer 2 network unveiled during a keynote event in London by CEO Vlad Tenev and SVP Johann Kerbrat.
The chain isn’t just another L2 looking for a reason to exist. It’s designed to let users trade tokenized US equities and ETFs around the clock, access DeFi lending products, and interact with decentralized exchanges, all through Robinhood Wallet. The service is available to users in over 120 countries, though notably not to US persons.
What Robinhood Chain actually does The core product here is Stock Tokens, which are tokenized versions of US equities and ETFs. In English: Robinhood is putting traditional stocks on a blockchain so they can be traded 24/7 and used as collateral in DeFi applications. That’s a meaningful difference from just listing crypto assets on a centralized exchange.
Alongside the chain launch, Robinhood introduced Robinhood Earn, a lending product offering an estimated 7% annual percentage yield on USDG stablecoins. The product is backed by Lloyd’s insurance, which adds a layer of institutional credibility that most DeFi lending protocols can’t match.
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The chain has also integrated with Uniswap, one of the largest decentralized exchanges, to facilitate trading and liquidity. Other infrastructure partners include Alchemy, BitGo, and Chainlink. To sweeten the launch, Robinhood is covering gas fees for the first 90 days for selected Wallet users.
From testnet to mainnet, faster than expected Robinhood Chain’s public testnet went live on February 10, 2026, at the Consensus event in Hong Kong. The testnet processed roughly 4 million transactions in its first week alone, which apparently gave the team enough confidence to push the mainnet launch ahead of schedule.
The chain is designed to be permissionless, meaning developers can build on it without needing Robinhood’s approval. That’s a deliberate architectural choice that signals the company wants third-party DeFi protocols to set up shop on its network, not just serve as a walled garden for Robinhood’s own products.
The global expansion playbook The London keynote wasn’t just about the chain launch. It was also a statement about Robinhood’s international ambitions, which have been accelerating rapidly.
The company recently completed its $180 million acquisition of WonderFi to support its push into the Canadian market. It has secured a capital markets services license in Singapore. And it’s planning to roll out crypto trading services in the UK, along with expanded perpetual futures offerings across Europe.
By excluding US persons from Stock Tokens while aggressively expanding internationally, Robinhood is effectively building a parallel business that isn’t constrained by the SEC’s approach to tokenized securities. The US regulatory environment has made it functionally impossible to offer tokenized stocks domestically without navigating a thicket of securities law. Robinhood’s solution: build for everyone else first.
The 7% APY on USDG through Robinhood Earn, combined with Lloyd’s insurance backing, positions the product somewhere between traditional savings accounts and DeFi yields. For context, most major US banks still offer savings rates well below that level.
The integration with Uniswap deserves particular attention. If significant liquidity pools form around Stock Tokens on Uniswap, it could create a new category of DeFi activity that blends traditional equity exposure with on-chain composability.
The first 90 days of covered gas fees suggest the company knows onboarding friction is a real barrier. What happens when those subsidies expire will be a telling indicator of genuine demand versus launch-week curiosity.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Boardwalk, the permissionless protocol built for launching and discovering token economies, is moving its protocol token to Arbitrum. The migration is set to open on July 17, 2026, marking the latest step in the project’s multi-chain expansion.
What Boardwalk actually does The protocol’s native token, BMX, functions as what the project calls a “deflationary consumption token.” BMX gets burned when people use it to launch tokens, spent when participants vote in discovery mechanisms, and staked when holders want to direct how protocol fees are routed.
Those fee routes include buybacks, burns, liquidity locks, and staking rewards.
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BMX has a maximum supply of 10 million tokens, with roughly 2.7 million currently in circulation.
Why Arbitrum, and why now Boardwalk isn’t new to multi-chain deployment. The protocol has previously operated across Ethereum, Base, Fraxtal, and Katana.
The announcement surfaced in mid-to-late June 2026, with the July 17 date serving as the official opening for the Arbitrum deployment. Community discussions on X and Reddit have pointed to the migration as a potential catalyst for increased BMX utility, though the exact mechanics of the transition, including whether existing BMX holders on other chains need to take any action, remain part of the rollout details.
The token naming situation One wrinkle worth noting: the original announcement referenced the migrating token as “MTB,” while the protocol’s public-facing documentation and community predominantly reference “BMX” as the native protocol token. This appears to reflect either a transition from an earlier token version or a naming convention that varies across deployment stages.
What this means for investors For existing BMX holders, the migration could serve as a catalyst if it successfully introduces the protocol to Arbitrum’s user base. The tight circulating supply of 2.7 million tokens against a 10 million max supply means the deflationary mechanics have room to compress supply further, assuming usage materializes.
Investors watching this space should be tracking launch activity on the platform, liquidity depth on Arbitrum pairs, and whether the BMX burn rate accelerates post-migration.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
PANews, July 2 – According to a report by The Block, Robinhood has announced a series of global expansion and product updates, including the mainnet launch of Robinhood Chain, 24/7 tokenized stock trading, perpetual contracts, and planned crypto agentic trading. Robinhood Chain is an Ethereum Layer 2 network built on the Arbitrum technology stack, with launch partners including Uniswap, Pleiades, Alchemy, BitGo, and Chainlink. Robinhood describes it as a permissionless, AI-native network purpose-built for RWAs.
Robinhood launched Stock Tokens, tokenized stocks that allow eligible users to trade 24/7 on Robinhood Chain and deploy assets into lending pools or use them as collateral for trading in the DeFi ecosystem, covering over 120 countries but not available to U.S. users. Robinhood Wallet has integrated Lighter perpetual contract trading in select regions. Lighter has committed to distributing 11 million LIT tokens to the Robinhood community, and for the first 90 days, Robinhood will cover on-chain Gas fees for Robinhood Wallet users with zero fees on perpetual contracts. Robinhood Earn is now available to U.S. users, enabling lending of the USDG stablecoin through self-custody wallets with an estimated annualized yield of around 7%, underpinned by Morpho, with other supporting partners including Steakhouse, Ethena, Spark, and Maple.
Additionally, Robinhood announced its official launch in Canada, that its Singapore subsidiary has obtained a Capital Markets Services license from the MAS, plans to launch commodities, ETFs, and forex perpetual contracts in Europe, and that crypto trading in the UK is coming soon. For the U.S. market, Robinhood plans to introduce Agentic Accounts, an agentic trading account that allows users to connect AI models to execute trading strategies.
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.
New York, New York and New Orleans, Louisiana--(Newsfile Corp. - July 1, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with substantial losses that they have until August 25, 2026 to file lead plaintiff applications in a securities class action lawsuit against Futu Holdings Limited ("Futu" or the "Company") (NASDAQ: FUTU), if they purchased or otherwise acquired the Company's securities between May 24, 2023 and May 27, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
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What You May Do
If you purchased securities of Futu as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgm-futu/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 25, 2026.
>>>CLICK HERE for more information
About the Lawsuit
Futu and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company was not in compliance with the requirements of the China Securities Regulatory Commission, including because it continued to conduct securities business, public fund sales business and futures business in mainland China without obtaining the requisite licenses or approval; (ii) as a result, the Company was reasonably likely to face regulatory penalties, including the disgorgement of ill-gotten gains and other penalties; (iii) as a result of the foregoing, the Company's financial results were overstated; and (iv) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
The case is Tang v. Futu Holdings Limited, et al, 26-cv-05453.
>>>To Learn More, Click HERE
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
>>>For More Information about the case, Click HERE
Shares of Meta Platforms (META +8.88%) spiked on Wednesday, following reports that the social media titan plans to sell its excess computing capacity to recoup some of its enormous artificial intelligence (AI) spending.
Image source: The Motley Fool.
Monetizing its massive AI investments CEO Mark Zuckerberg has been ultra-aggressive in his efforts to build Meta into an AI powerhouse. From billion-dollar acquisitions to reportedly offering top AI researchers $100 million recruiting bonuses, Zuckerberg is sparing no expense.
In all, Meta plans to spend as much as $145 billion on capital expenditures in 2026 alone.
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Now, Zuckerberg has a plan to recover some of that cash sooner than investors expected.
The cloud computing colossus is considering launching a new business centered on selling its excess AI computing resources, as well as access to its AI models, according to a report by Bloomberg.
Meta would continue to operate its sprawling data centers and rent access to developers.
Competition would be fierce The move could place Meta in more direct competition with AI infrastructure providers such as Nebius and CoreWeave, along with hyperscalers like Microsoft and Alphabet's Google Cloud.
Those aren't easy rivals to challenge, but Meta may be one of the few companies that could compete successfully in this rapidly expanding AI compute arena.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Meta Platforms, and Microsoft. The Motley Fool has a disclosure policy.
New York, New York--(Newsfile Corp. - July 1, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Microsoft Corporation (NASDAQ: MSFT) between May 1, 2025 and January 28, 2026, inclusive (the "Class Period"), of the important August 11, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Microsoft common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Microsoft class action, go to https://rosenlegal.com/cases/microsoft-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 11, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Microsoft's Copilot family of products had experienced significant brand positioning, user experience, usage, data siloing, computational capacity, organizational, and interoperability problems; (2) Microsoft's flagship proprietary AI model ranked well below competitors on a number of benchmark tests; (3) Microsoft needed to increase by billions of dollars its capital expenditures and divert graphics processing unit ("GPU") and central processing unit ("CPU") capacity away from fulfilling demand for its profitable Azure services in order to improve the competitive positioning of its critical Copilot family of products and increase its AI-related research and development ("R&D"); and (4) as a result, Microsoft had failed to convert a significant percentage of its commercial Microsoft 365 users to paid Copilot subscriptions and Microsoft's Copilot offerings had lost market share to rival products, a trend that was increasing. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Microsoft class action, go to https://rosenlegal.com/cases/microsoft-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303648
Source: The Rosen Law Firm PA
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A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, March 25, 2024. REUTERS/Gonzalo Fuentes/File Photo Purchase Licensing Rights, opens new tab
July 2 (Reuters) - A consortium including Microsoft (MSFT.O), opens new tab and telecom startup Lightstorm plans to build a new undersea cable linking India with Malaysia and Singapore as technology firms compete to expand AI and cloud infrastructure in India, one of the world's fastest-growing data markets.
The consortium, whose other members include Tata Communications (TATA.NS), opens new tab, Singapore Telecommunications (STEL.SI), opens new tab, Singapore's ASEAN Cableship and Japan's NEC Corporation, will construct the I-2SEA cable to support AI, cloud and hyperscale workloads, the companies said on Thursday.
The Reuters Inside Track newsletter is your essential guide during the World Cup. Sign up here.
They did not provide additional details including the investment size.
The network will span 3,600 km and have landing stations in Machilipatnam in the southern Indian state of Andhra Pradesh, where Meta (META.O), opens new tab and Alphabet (GOOGL.O), opens new tab have announced data centers.
The cable is expected to be operational in the fourth quarter of 2029, Lightstorm Group CEO and Managing Director Amajit Gupta told Reuters in an interview.
The I Squared-backed company currently connects 19 AI and cloud zones across India through terrestrial fiber cable networks, with the new network expected to bring this number up to 29, Gupta said.
India's operational data center capacity could double from the current 1.4 gigawatts by 2027, based on projects under construction, and increase five-fold by 2030 if planned projects are fast-tracked, Macquarie Equity Research said in a report last October.
Undersea cables carry roughly 95% of the world's internet traffic. India currently has 17 active submarine cables with a maximum potential capacity of 960 terabits per second, and at least 10 more have been publicly announced, according to TeleGeography, a telecommunications research firm.
Separately, Lightstorm plans to list in India in mid-2027, Gupta said, without disclosing any other details. The company was seeking a valuation of up to $1.5 billion in March, according to a media report, opens new tab.
Reporting by Abhirami G in Bengaluru; editing by Chandini Monnappa and Sonia Cheema
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Nike (NYSE: NKE) delivered another middling quarter on Tuesday afternoon, but investors had a surprising response.
After the stock fell as much as double digits after hours on Tuesday, Nike rallied to finish the regular session on Wednesday up 4.9%.
Is the company's long-awaited turnaround finally materializing? Let's take a closer look at the quarterly update.
Image source: The Motley Fool.
What we learned from Nike's Q4 Nike's revenue was down 1%, or 4% on a currency-neutral basis, to $11 billion, which was slightly ahead of estimates at $10.85 billion.
The company received a one-time windfall of $986 million from the reversal of some tariffs. Excluding that, gross margin was down 10 basis points to 40.2%, which shows the key metric stabilizing after several quarters of steep declines, though tariffs were the primary reason for lower gross margins. Selling, general, and administrative expenses fell 2% to $4.08 billion as it scaled back on advertising spending, and excluding the tariff-related benefit, earnings per share was $0.20, up from $0.14, marking its first quarter of EPS growth in two years.
Looking ahead, Nike once again offered cautious guidance, citing a volatile macro environment, and said it did not expect conditions to improve over the next six months. The company continues to see flat earnings over the next two quarters, though it's dialing down its revenue forecast and raising its gross margin guidance. For the first quarter, it forecast a low-to-mid-single-digit decline in revenue.
However, Nike is seeing some green shoots as it works to restore the brand to health. Comparable sales and revenue at Foot Locker, long a key partner for Nike, was positive for the first time in four years, showing that its efforts to repair relationships with its wholesale partners are paying off. Wholesale revenue was up 10% in the quarter in North America, while Nike Direct was down 6%.
It also reported its fifth consecutive quarter of double-digit growth in running, one of its biggest categories, showing it has successfully responded to competition from upstart brands like Deckers' Hoka and On Holding.
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The stock rose in regular trading on Wednesday as investors seemed to bet the bottom was finally in on the stock. There are clearly some positive signs as gross margin is finally stabilizing and set to return to growth.
However, fiscal 2027 looks set to be another year of basically flat EPS growth, unless the macro environment dramatically changes in the second half of its fiscal year, and that seems like a missed opportunity for Nike.
With the New York Knicks winning the NBA Finals and driving the highest ratings for a Finals in a generation, and the U.S. hosting the World Cup, sports in the last month have been about as buzzworthy as they get. Against that backdrop, however, Nike's ad spend declined in the fourth quarter, which closed at the end of May. The company expects "demand creation expense" to increase in high single digits as it invests in the World Cup, but the revenue guidance shows it's not expecting any kind of boost from the event.
The bar for Nike's turnaround seems to be getting lower. This was once a company that frequently delivered double-digit revenue growth, but it hasn't done that in three years now.
After falling more than 75%, the stock seems to be near the bottom, but until the company puts up meaningful revenue growth or at least forecasts it, it's not a buy. There are better opportunities elsewhere in the market.
Artificial intelligence (AI) software giant Palantir Technologies has endured a difficult time on the stock market in 2026, losing 30% of its value as of this writing, and that's despite the impressive growth that it has been clocking due to the fast-growing demand for its generative AI software solutions.
Palantir's valuation has been the primary reason behind its underperformance. However, shares of BigBear.ai Holdings (BBAI 0.82%), which are significantly cheaper than Palantir, have met with the same fate. Like Palantir, BigBear.ai also offers AI tools that enterprises and business customers can use to make decisions and predict outcomes. The company's solutions are used in border security, defense and intelligence, and supply chain applications.
However, BigBear.ai stock is down 37% so far this year. However, its 12-month median price target of $5 points to potential upside of 36%. So, should investors consider buying this beaten-down stock in anticipation of a turnaround? Let's find out.
Image source: Getty Images.
BigBear.ai's financial performance is improving in 2026 BigBear.ai had a forgettable 2025. Its revenue fell by 19% last year to $127.7 million. Additionally, the company's gross margin fell by 17 percentage points in the fourth quarter last year due to low-margin contracts.
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BigBear.ai notes that the majority of its revenue comes from federal government contracts. As a result, its revenue is dependent on the timing of government contracts, their funding, and budgets. The company's revenue decline clearly indicates that these factors can severely impact it. However, BigBear.ai has gotten off to a much better start in 2026.
Its revenue dropped just 1% in Q1 to $34.4 million. What's more, the company's gross margin increased by almost 13 percentage points to 34%. However, the improved performance was driven by the contribution from Ask Sage, which BigBear.ai acquired in December 2025. BigBear.ai spent $250 million on this acquisition to enhance its presence and capabilities "across defense, intelligence, and other highly regulated environments."
BigBear.ai notes that Ask Sage's generative AI products and software platforms have higher margins. So, the company seems well-placed to deliver a stronger margin performance in 2026. Also, BigBear.ai recorded new contract wins worth almost $75 million in Q1. This encouraged management to maintain its full-year revenue forecast of $135 million to $165 million, with the midpoint implying a 17% jump in its top line this year.
Will BigBear.ai's improving growth profile translate into stock price upside? BigBear.ai's turnaround seems primarily driven by its acquisition of Ask Sage. So, it remains to be seen whether the company can sustain its momentum in 2027 once the inorganic boost from Ask Sage fades.
Analysts are projecting $159 million in revenue for BigBear.ai next year, indicating that its top-line growth could slow to mid-single digits. Given that this AI stock is trading at 12 times sales, a significant premium to the tech-laden Nasdaq Composite index's sales multiple of 5.4, it needs to do much better to justify its premium.
So, even though the median price target points to a nice jump in BigBear.ai's stock price, the expensive valuation and slow growth could continue to weigh on its shares. That's why investors should consider investing in other fast-growing AI niches, as it seems too early to bet on a turnaround at BigBear.ai.
Don't let the strong bull market of recent years confuse you. Over the long term, stocks may trend higher in price, but during periods of stock market weakness, they can be very volatile. That's why, if you're looking for your portfolio to generate income and/or steady returns over a long time frame, you need to make sure to own a few high-quality blue chip dividend stocks.
Why? Regardless of the stock market's direction, these names can generally be counted on to deliver steady cash returns. A prime example of what I'm talking about is Altria Group (MO 0.57%). Altria may have its own set of controversies, and it's not the right stock for everyone, but if you have no issues with its underlying business, it is a top choice for an anchor position in a long-term portfolio.
Image source: Getty Images.
Altria Group is a strong fit for an income-focused investor The main reason I'm selecting Altria Group, the parent company of Philip Morris USA, is not that the company operates in a recession-resistant industry with inelastic demand. There are several U.S.-listed tobacco stocks, but none match Altria's strong combination of a high dividend yield, a long track record of dividend growth, and relatively low price volatility.
Currently, Altria shares sport a high forward dividend yield of 5.9%. The company has also raised its quarterly dividend for 57 consecutive years. This makes Altria one of the Dividend Kings, or stocks with at least 50 consecutive years of annual dividend growth. Altria's annual dividend growth has also come in at mid-single-digit levels over the past decade.
In terms of volatility, Altria shares have a five-year monthly beta of 0.50. Beta is a measure of an individual stock's volatility relative to the S&P 500 (^GSPC 0.22%) index. A beta above 1 signals a stock with higher-than-average volatility, while a beta under 1 signals lower volatility. Altria's current beta suggests that it fluctuates half as far as the stock market on an average day.
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Finding similar names to anchor your portfolio Don't get me wrong. I'm not saying you should include only Altria in your low-volatility, income-focused portfolio. Like any individual stock, Altria comes with its own set of company- and industry-specific risks and uncertainties. For instance, Altria's future earnings and dividend growth hinge heavily on the success of the company's efforts to "move beyond smoking," or to pivot toward non-combustible tobacco and nicotine products.
Altria's efforts in this field, coupled with cigarette price hikes, have helped the company maintain enough growth to sustain its Dividend Kings status. However, this uncertainty still lingers until such products become a significantly higher portion of its overall business. That's also the case with Philip Morris International (PM 1.78%), formerly Altria's spun-off overseas subsidiary, but now a direct competitor in verticals like nicotine pouches.
Hence, while Altria is my top low-volatility choice for income investors, to truly "anchor" a portfolio, consider adding stocks with similar defensive and dividend-growth bona fides. That is, seek out shares in companies operating in recession-resistant sectors like consumer staples, healthcare, and utilities that, alongside earnings consistency, have decades-long dividend growth track records. With enough of these anchoring a portfolio, even during down markets, investors can generate steady income without needing to sell positions.
Within the past 24 hours, Bitcoin [BTC] bounced from a local low of $57,800 to $60,536. This 4.73% bounce has begun to recede, and the leading crypto was trading at $60,048 at the time of writing.
On Tuesday, June 30, close to $410 million worth of leveraged positions were liquidated across the market. This included $8.3 million worth of Worldcoin [WLD] positions, with $8.06 million worth of longs alone.
Worldcoin traders were willing to go long but have been met with relentless losses over the past two weeks. The altcoin has fallen from $0.7229 to $0.3686, a 49% depreciation within a fortnight.
Yet, there’s reason for swing traders and investors to be bullish.
Worldcoin bulls have the potential to fight off the sellers Source: WLD/USDT on TradingView The rally above $0.65 in June brought about a bullish swing structure break for WLD. Since then, a deep correction has come about. The OBV was at the June lows once again, and the RSI was falling toward the oversold level at 30.
Yet, from a structural point of view, the trend remained bullish for the altcoin. Moreover, it has fallen into the golden pocket between the 61.8% and 78.6% Fibonacci retracement levels.
Moreover, despite the OBV’s deep drop, the CMF signaled short-term stability. If the CMF drops below -0.05, the OBV loses the local low, and Worldcoin prices fall below $0.333, a bearish shift would become more likely.
Traders’ call to action- Cautious bullishness Source: WLD/USDT on TradingView The 4-hour chart showed that this lower timeframe’s latest impulse move to $0.723 originated from $0.416. This short-term support has been ceded without much of a fight. It appeared likely that the $0.333 support would soon be tested.
The technical indicators were unanimously bearish on this timeframe for the past two weeks of correction.
Source: CoinGlass The liquidation data revealed that many of the magnetic zones built up over the past month have been swept and cleared, with $0.348 being the next to watch out for.
As things stand, the drive southward, which has been forced by steady waves of liquidations and forced selling, could soon be ending.
Worldcoin traders and investors have reason to be cautiously bullish, but a Bitcoin sell-off could negatively impact WLD trends. Therefore, a move back above $0.416 could be a safe trigger for the buyers.
Final Summary The Worldcoin correction measured just over 49% in the past two weeks, a large figure that has impacted holder sentiment. Despite the large drawdown since June’s high, buyers have another chance to keep the higher timeframe upward trend going.
HP's business continues to rebound, with Q2 revenues up 9% and three consecutive quarters of accelerating top-line growth. The Personal Systems segment outperformed; the Nvidia RTX Spark chip launch could spark an AI PC upgrade super cycle despite Apple's competitive push. Margins expanded, Q2 adjusted EPS of $0.86 beat expectations, and the stock boasts a 5.47% dividend yield, though debt levels warrant monitoring.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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Unity Bancorp is maintained as a 'strong buy' due to robust fundamentals, expanding margins, and attractive valuation. UNTY's organic deposit growth, low uninsured deposit ratio (21.6%), and focus on debt reduction and liquidity strengthen its balance sheet. Net interest margin improved to 4.53%, with net profits rising from $11.6M to $14.3M and a low P/E multiple of 9.7.
Shares of AeroVironment (AVAV +4.47%) soared more than 20% this week, to around $171, after the drone and defense specialist reported its fiscal fourth-quarter results. The quarter was a blowout by almost any measure -- record revenue, adjusted profits that more than doubled, and a funded backlog that swelled past $1 billion.
Is this the start of a multiyear up cycle in military drones and the systems built to stop them, or a one-quarter spike that borrows from future demand and leaves a harder comparison behind?
The answer rests less on the drones AeroVironment is already known for and more on what it's building next.
Image source: Getty Images.
AeroVironment's fiscal fourth-quarter revenue (the period ended April 30, 2026) jumped 133% year over year to a record $641.6 million. That headline figure, however, was bolstered by the company's acquisitions of defense technology firms BlueHalo and Empirical Systems Aerospace. Strip the deals out, and organic growth was about 31% -- still a strong rate, and the better gauge of underlying demand.
Profitability climbed even faster. AeroVironment's non-GAAP (adjusted) earnings before interest, taxes, depreciation, and amortization (EBITDA) more than doubled to $140.1 million, lifting the adjusted EBITDA margin to 22%. Adjusted earnings per share were $1.84, up from $1.61 a year earlier.
The figure that speaks most directly to the up-cycle question, though, is backlog. AeroVironment closed the year with a funded backlog of $1.2 billion, up about 65% from $726.6 million a year earlier. Full-year bookings reached $2.7 billion against revenue of roughly $2 billion, for a book-to-bill ratio of 1.4 -- orders came in well ahead of what the company could ship. That kind of forward visibility isn't what a one-quarter spike looks like.
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Looking ahead, counter-drone is the story This is where the multiyear thesis lives. Sure, AeroVironment is best known for its Switchblade loitering munitions -- the small, low-cost attack drones that have become a fixture of modern warfare. But the faster-growing opportunity may sit on the other side of that fight: knocking enemy drones out of the sky.
Counter-drone, or counter-unmanned aircraft systems (counter-UAS), brought in about $200 million of revenue in fiscal 2026. Next to the loitering munitions business, that's still modest.
But management doesn't expect it to stay that way.
"It will not surprise me in the next 3-5 years that our directed energy and our counter-UAS business would be equally as large, if not 2-3 times bigger," CEO Wahid Nawabi said on the company's fiscal fourth-quarter earnings call.
AeroVironment builds its counter-drone defense in three layers. The first is the Titan family of radio-frequency jamming systems, whose sales roughly doubled over the prior year. The second is an early stage directed-energy weapon called LOCUST. And the third is a kinetic interceptor, Freedom Eagle-1, that physically destroys an incoming drone. The pitch to customers is that no single tool stops every threat.
Demand, for now, is moving the right way. Management pointed to "unprecedented" levels of demand across its markets and guided for fiscal 2027 revenue of $2.125 billion to $2.225 billion. The midpoint implies about 10% growth -- a step down from this year's acquisition-boosted pace, but healthy for a business this size, and it doesn't lean on the counter-drone ramp inflecting yet.
So, is the growth stock a buy? At about $171, AeroVironment trades at roughly 54 times the midpoint of management's fiscal 2027 adjusted earnings guidance -- a rich multiple. And even after this week's jump, the stock sits well below the 52-week high near $420 it touched before a steep slide earlier this year.
Personally, I read the backlog and the demand signals as the start of an up cycle rather than a one-off -- but the stock's valuation already bakes a lot of that in. For investors who want exposure to the drone and counter-drone theme, I'd keep any position small or maybe even wait for a more attractive entry point.
, /PRNewswire/ -- Suzhou Ribo Life Science Co., Ltd. (06938.HK), and its subsidiary Ribocure Pharmaceuticals AB (collectively referred to as "Ribo"), in collaboration with Madrigal Pharmaceuticals, Inc. (Madrigal, NASDAQ: MDGL) announce the successful achievement of the first candidate drug nomination milestone within their siRNA partnership. This milestone is the result of efficient collaboration and will be followed by immediate initiation of IND-enabling studies to support planned clinical studies.
This partnership fully underscores Ribo's and Madrigal's joint commitment to advancing cutting-edge RNA therapeutics for liver diseases, with a primary focus on metabolic dysfunction-associated steatohepatitis (MASH), a field with tremendous unmet medical need. The collaboration covers multiple preclinical assets and further broadens the potential liver-directed therapeutic landscape for MASH.
"We are delighted to achieve the first key milestone in our joint MASH program with Madrigal in just a few months. Madrigal has established a market leading presence and profound clinical expertise in the MASH field, while Ribo possesses world-class capabilities in siRNA drug discovery and delivery technology. Our complementary strengths have driven the rapid progress of this project. Both parties are dedicated to accelerating the development of our novel siRNA candidate for MASH. We look forward to advancing this collaborative program together and bringing promising new therapeutic options to patients worldwide living with MASH," said Li-Ming Gan, co-CEO & Global R&D President of Ribo.
About Suzhou Ribo Life Science Co. Ltd. and Ribocure Pharmaceuticals AB
Suzhou Ribo Life Science Co. Ltd. (Ribo, 06938.HK) is an innovative clinical stage R&D company devoted to the development of nucleic acid drugs and related products based on the RNA interference (RNAi) technology. With its innovative R&D capabilities with vertically integrated technological platforms, Ribo has built a strong product pipeline, aiming to make contribution to the treatment of serious diseases with unmet medical needs.
As a subsidiary of Suzhou Ribo Life Science, Ribocure Pharmaceuticals AB (Ribocure) is dedicated to globalized development of life-saving oligonucleotide therapies, with focus on development of assets and pipeline as well as new target ideas and on building innovative capacities to conduct clinical trials and developing siRNA drugs to address real unmet medical needs globally.
For more information, please visit www.ribolia.com and www.ribocure.com.
