BNB Chain, one of the largest blockchain ecosystems worldwide, today announced the launch of BNB Agent Studio, a new platform that creates a category of AI agents that survive infrastructure failure, accept payments, and can be provably owned and transferred: deployed from a simple prompt in ~15 minutes.
BNB Agent Studio is a developer platform that enables engineers to define what they want inside Claude Code, Cursor, or any MCP-compatible development tool. By abstracting away the complexities of building onchain applications, the launch addresses three fundamental challenges that have prevented AI agents from operating truly autonomously: deployment, discoverability, and continuity.
Co-engineered with the AWS Generative AI Innovation Center, the solution includes an Infrastructure-as-Code generator that automatically provisions an agent’s cloud environment in accordance with current security and least-privilege best practices. It simply generates the code needed and deploys the agent to Amazon Bedrock AgentCore, Amazon’s managed agent runtime.
“Building an autonomous AI agent has typically meant assembling a fragile stack of four or more separate vendor integrations: a wallet, an identity layer, payments, an AI model, and hosting. We’re talking days and weeks of integration work. BNB Agent Studio replaces all of that with a single install, designed as one product from the ground up.” said Nina Rong, Executive Director of Growth at BNB Chain.
Key capabilities:
BNB Agent Studio agents natively integrate LLM aggregators, allowing them to charge for their services and accept crypto payments for the work they perform. Those earnings allow the agent to fund its own operating costs, creating a self-sustaining cycle that keeps the agent running as long as it has work to do. BNB Agent Studio combines AWS AgentCore as the runtime with BNB Chain’s onchain infrastructure, so an agent’s core intelligence is simultaneously hosted on AWS and persisted onchain. The agent can be paused, resumed, migrated, and passed to a new owner without losing any of its accumulated intelligence. Its existence is no longer contingent on any single environment. Each agent is issued a verifiable digital identity (ERC 8004) controlled by cryptographic keys that stay on the owner’s own machine: not held by BNB Chain, not stored with any third party. ‘’With Amazon Bedrock AgentCore as the runtime, BNB Chain will unlock an entirely new category: AI agents as owned, tradeable, persistent digital entities. This vision will enable agents to be paused, resumed, migrated, recovered, and transferred, including through tokenisation.” Nina continued.
Today’s launch builds on BNB Chain’s recently announced BNB Agent SDK, which established a modular standard for identity (ERC8004), commerce (ERC8183), payment, and memory in AI agents. BNB Agent Studio is designed to be the fastest path from concept to a fully operational agent.
This is the initial release of BNB Agent Studio. Financial decisions have always demanded human time and attention to find the right yield, compare options, and act before an opportunity closes. When agents can do all of this autonomously, and when those agents are owned assets that persist, earn, and compound, the way people interact with their money changes fundamentally. BNB Chain intends to ship new capabilities on a fortnightly basis, with each update expanding the platform’s tooling for developers building in the agentic economy.
About BNB Chain
BNB Chain is the leading community-driven decentralized blockchain ecosystem powering Web3 applications across DeFi, AI, gaming, and consumer use cases. Its multi-chain architecture spans BNB Smart Chain (BSC), opBNB, and BNB Greenfield, providing the infrastructure for builders deploying onchain applications at scale. For more information, visit the official website.
About the author
Chainwire is a specialized crypto newswire service providing high-impact distribution for the cryptocurrency and blockchain industry.
A general view shows fairgoers trying out Agentic AI at the Amazon China booth at the Shanghai New Expo Center during the WAIC (World Artificial Intelligence Conference) 2025 in Shanghai, China, on July 27, 2025. (Photo by Ying Tang/NurPhoto via Getty Images)
NurPhoto via Getty Images
"We've seen a bunch of hype videos of agentic credit card companies launched recently, and none of them actually work," Louis, co-founder of a Stripe-backed agent-payments startup, said on the On The Margin podcast. "You'll notice that all of the hype videos are clipped before you actually buy something…"
That is the doubt hanging over a launch this week from BNB Chain, one of the largest blockchain ecosystems in crypto. On Wednesday the company shipped BNB Agent Studio, a developer platform that spins up an autonomous onchain AI agent from a single prompt inside Claude Code, Cursor or any compatible coding tool. Describe the agent you want, and roughly 15 minutes later it is deployed with its own wallet, its own identity and a way to pay its own bills.
Strip the pitch back to its logic and it lands somewhere uncomfortable for anyone who manages other people's money. The financial-AI-agent movement this launch belongs to runs on one premise: if software can hunt yield, rebalance a portfolio and trade while its owner sleeps, the human fund manager becomes a middleman to route around. BNB Chain says the quiet part out loud in its own materials. "Smart money used to mean knowing the right people, being in the right rooms," the company writes. "Now it means having the right agents."
Nina Rong, BNB Chain's executive director of growth, says the tool exists to remove a familiar slog.
"Building an autonomous AI agent has typically meant assembling a fragile stack of four or more separate vendor integrations: a wallet, an identity layer, payments, an AI model, and hosting. We're talking days and weeks of integration work," she said. "BNB Agent Studio replaces all of that with a single install, designed as one product from the ground up."
The tool was co-engineered with the AWS Generative AI Innovation Center. It writes the cloud infrastructure automatically and deploys the agent to Amazon Bedrock AgentCore, Amazon's managed runtime, so the agent keeps running after you close your laptop.
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An agent that owns itselfThe problem the tool is chasing is a real one for developers. "When you build an AI agent today, if you want to build a fully autonomous agent that trades onchain, it's quite hard," a BNB Chain engineer said in a demo of the product. "You have to find a way to deploy it, you have to find a way to get some LLM tokens for your agent to run, and you have to find a way for your agent to pay for those LLM tokens if you want it to be truly sustainable."
Under the single prompt sits a stack of emerging standards meant to solve exactly that. Each agent gets a verifiable identity through ERC-8004, controlled by keys that stay on the owner's machine rather than with BNB Chain. It can take on paid jobs through ERC-8183, a proposed standard that escrows money for a task and releases it once the work is verified. Earn enough that way, and the agent covers its own model costs for as long as work keeps coming.
Louis, whose startup builds payment rails for AI agents, thinks that model ends the subscription. "The hot take is there will be no subscriptions in the future," he said on the podcast.
BNB Chain's bigger claim is about ownership. The agent's intelligence is persisted onchain while it runs on AWS, so the company says it can be paused, moved and handed to a new owner without forgetting what it learned. "With Amazon Bedrock AgentCore as the runtime, BNB Chain will unlock an entirely new category: AI agents as owned, tradeable, persistent digital entities," Rong said. "This vision will enable agents to be paused, resumed, migrated, recovered, and transferred, including through tokenisation."
Founders have been circling this same corner for a year, and many of them keep landing on the wallet. "Wallets are ultimately the authorization and control flow layer of anything that's happening on chain," Nitya Subramanian, founder of Para, said on the On The Margin podcast. "The last time we had a new financial rail was probably credit cards in the 70s."
Give an agent a wallet and you have to give it rules. "I could create a stable coin backed card and give it $200 a week and just have it buy Chipotle," Subramanian said. "So it's only allowed to buy my Chipotle bowl every day." He does not pretend that is risk-free. "Agents are like fundamentally about outsourcing a purchase, and anyone who has ever outsourced a purchase knows that this comes with trade-offs," Subramanian said on the podcast.
The gap between demo and dollarLouis has watched a lot of those launches fail in public. "Technically it's possible, but for fraud reasons, it's not yet possible," he said of agents buying things online.
BNB Chain's own demo is candid about the manual steps. The engineer built an agent that trades BNB sell signals, picked mainnet and connected a third-party model. "You can open another terminal and do something else, or just grab a coffee," he said, because the build takes a while. Then the agent makes its own wallet. "A wallet is created with keystore-based password storage," the engineer said, and a user has to send BNB to that address for gas before the agent can act. It runs, but this is a developer's workflow, not a one-click button.
"The next step, which is already starting, is that the AI agents start transacting on your behalf. So they pay for things, they sign up for services, they probably handle your financial transactions now," Varun Kabra, chief growth officer at Concordium, said on the On The Margin podcast. Concordium builds identity into a layer-1 blockchain, and Kabra says the risk sits with the counterparty. "They have no way to verify where a real accountable human is behind the transaction. And that could open a door to fraud, bots acting as humans, agents operating with no accountability."
"We're probably six to twelve months away where these transactions might overtake the human to human transactions," Kabra said, "and hence the human to agent accountability is the biggest problem I think the world needs to solve for."
Smart money, unfinished plumbingBNB Chain calls this a "smart money era," capital that grows from a prompt instead of a month of research. The standards behind it are real but new, from ERC-8004 for identity to the x402 scheme that tops up an agent's model credits. Louis thinks users should never have to know any of it exists. "It is a fascinating web of lots of different protocols and methods and all sorts of that and acronyms that you and I shouldn't have to memorize or know," he said, "and our agents shouldn't care too much about either."
An identity standard and an escrow standard show how an agent might be held to account. Neither proves to a bank that a real person signed off on a purchase. That, Kabra says, is the piece still missing.
BNB Chain calls BNB Agent Studio a first release and says more will ship every two weeks. The agents can be deployed now. Whether they can be trusted still comes down to the wallet. "Every chain, every DeFi primitive, every action that you can take on chain needs to go through a wallet," Subramanian said on the podcast. "And I feel like people still don't fully get that."
SM Energy (SM - Free Report) closed at $25.73 in the latest trading session, marking a -1.42% move from the prior day. This change lagged the S&P 500's 0.22% loss on the day. Meanwhile, the Dow experienced a drop of 0.03%, and the technology-dominated Nasdaq saw a decrease of 0.66%.
Heading into today, shares of the independent oil and gas company had lost 20.77% over the past month, lagging the Oils-Energy sector's loss of 4.76% and the S&P 500's loss of 1.21%.
The upcoming earnings release of SM Energy will be of great interest to investors. The company is predicted to post an EPS of $1.87, indicating a 24.67% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $2.05 billion, indicating a 158.24% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.3 per share and a revenue of $7.56 billion, signifying shifts of +34.69% and +139.56%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for SM Energy. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.11% higher within the past month. SM Energy is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, SM Energy currently has a Forward P/E ratio of 3.58. This expresses a discount compared to the average Forward P/E of 9.03 of its industry.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 106, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
SAN DIEGO, July 01, 2026 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Hub Group, Inc. (NASDAQ: HUBG) securities between April 28, 2023 and May 11, 2026, inclusive (the “Class Period”), have until August 28, 2026 to seek appointment as lead plaintiff of the Hub Group class action lawsuit. Captioned Lawler v. Hub Group, Inc., No. 26-cv-07596 (N.D. Ill.), the Hub Group class action lawsuit charges Hub Group and certain of Hub Group’s top current and former executive officers with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Hub Group class action lawsuit, please provide your information here:
You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected].
CASE ALLEGATIONS: Hub Group is a supply chain solutions provider that offers transportation and logistics management services.
The Hub Group class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Hub Group’s financial statements prepared for the periods from Q1 2023 to Q4 2024, including annual reports for 2023 and 2024, contained material misstatements caused by the premature and incorrect recognition of certain transactions concerning, among other things, Hub Group’s operating revenue, operating income, revenue recognition, effectiveness of internal controls and procedures, and drivers of financial results and growth; and (ii) Hub Group’s financial statements prepared for the periods from Q1 2025 to Q3 2025 contained material misstatements caused by the understatement of purchased transportation costs and accounts payable concerning, among other things, Hub Group’s operating expenses, purchased transportation and warehousing expenses, operating income, effectiveness of internal disclosure controls and procedures, and drivers of financial results and growth.
On February 5, 2026, Hub Group allegedly announced “that it will restate its financial statements for the first, second and third quarters of 2025” due to “an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025.” Hub Group allegedly further announced that its reports for those quarters “were in each case materially misstated due to the aforementioned error and should no longer be relied upon” and that the “total amount of the reduction to accounts payable and purchased transportation costs related to this issue that was recorded during these periods is $77 million.” On this news, the price of Hub Group stock dropped approximately 18%, according to the complaint.
The Hub Group class action lawsuit further alleges that on May 12, 2026, Hub Group announced that it had “identified certain transactions that were prematurely or incorrectly recognized or not adequately supported,” rendering its 2023 and 2024 financial reports to be materially misstated such that they “should no longer be relied upon.” Hub Group allegedly further announced that it expected “to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for each of the years ended December 31, 2024 and 2023.” On this news, the price of Hub Group stock fell 13%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Hub Group securities during the Class Period to seek appointment as lead plaintiff in the Hub Group class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Hub Group class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Hub Group class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Hub Group class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
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 28, 2026 to file lead plaintiff applications in a securities class action lawsuit against Hub Group, Inc. ("Hub" or the "Company") (NASDAQ: HUBG), if they purchased or otherwise acquired the Company's securities between April 28, 2023, and May 11, 2026, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Illinois.
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https://www.youtube.com/watch?v=aqHdidapNT0
What You May Do
If you purchased securities of Hub 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/nasdaqgs-hubg/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 28, 2026.
>>>CLICK HERE for more information
About the Lawsuit
Hub Group and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 5, 2026, the Company disclosed that its financial statements and reports for the first three quarters of 2025 should not be relied upon due to "an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025" and that it planned to restate the statements. On this news, the price of Hub Group shares fell approximately 18%, from $51.33 per share on February 5, 2026 to $41.96 on February 6, 2026.
Then, on May 12, 2026, the Company disclosed that it had "identified certain transactions that were prematurely or incorrectly recognized or not adequately supported," causing its 2023 and 2024 annual reports filed with the SEC to be "materially misstated," such that they should no longer be relied upon, and "expect[ed] to conclude that it did not maintain effective disclosure controls and procedures and internal control over financial reporting for each of the years ended December 31, 2024 and 2023." On this news, the price of Hub Group shares fell an additional 13%, from $41.86 per share at close on May 11, 2026 to $36.62 on May 12, 2026.
The case is Lawler v. Hub Group, Inc., et al, 26-cv-07596.
>>>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
, /PRNewswire/ -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Hub Group, Inc. (NASDAQ: HUBG) securities between April 28, 2023 and May 11, 2026. Hub Group is a transportation logistics company that provides trucking services across North America.
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
The Allegations: Robbins LLP is Investigating Allegations that Hub Group, Inc. (HUBG) Made Materially False Statements that Harmed Investors
According to the complaint, during the class period, the Company's financial statements prepared for the periods from Q1 2023 to Q4 2024, including annual reports for 2023 and 2024, contained material misstatements—caused by the premature and incorrect recognition of certain transactions—concerning, inter alia, the Company's operating revenue, operating income, revenue recognition, effectiveness of internal controls and procedures, and drivers of financial results and growth. The complaint further alleges that the Company's financial statements prepared for periods from Q1 2025 to Q3 2025 contained material misstatements—caused by the understatement of purchased transportation costs and accounts payable —concerning, inter alia, the Company's operating expenses, purchased transportation and warehousing expenses, operating income, effectiveness of internal disclosure controls and procedures, and drivers of financial results and growth.
Plaintiff alleges that on February 5, 2026, Hub Group announced "that it will restate its financial statements for the first, second and third quarters of 2025" due to "an error that resulted in the understatement of purchased transportation costs and accounts payable in the first nine months of 2025." The Company estimated that "[t]he total amount of the reduction to accounts payable and purchased transportation costs related to this issue that was recorded during these periods is $77 million." On this news, the price of Hub Group stock declined roughly 18%, from $51.33 per share at close on February 5, 2026, to $41.96 per share at close on February 6, 2026.
Then, on May 12, 2026, Hub Group further announced that it had "identified certain transactions that were prematurely or incorrectly recognized or not adequately supported," rendering its 2023 and 2024 financial reports to be materially misstated such that they "should no longer be relied upon." On this news, the price of Hub Group stock declined a further 13%, from $41.86 per share at close on May 11, 2026, to $36.62 per share at close on May 12, 2026.
What Now: You may be eligible to participate in the class action against Hub Group, Inc. Shareholders who wish to serve as lead plaintiff for the class must submit their papers to the court by August 28, 2026. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.
To be notified if a class action against Hub Group, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.
Attorney Advertising. Past results do not guarantee a similar outcome.
From crypto markets to the World Cup@chainlink is building a quiet but significant lead as the infrastructure layer beneath one of crypto's fastest-growing product categories. A string of integrations announced in recent months points to a single direction: automated, tamper-resistant settlement is replacing manual resolution across prediction markets, and Chainlink is the common thread.
@Polymarket's 5-minute and 15-minute $BTC markets both run on Chainlink Data Streams. Both markets use Chainlink Data Streams to provide price updates from major trading venues. The combined volume across those short-duration markets has already cleared over $3 billion. The broader picture for Polymarket is equally striking: the platform has cleared $4.9 billion in cumulative volume so far in 2026, after receiving full CFTC approval in the US.
@JupiterExchange, Solana's largest DEX aggregator, has plugged in the same infrastructure for its own 5-minute and 15-minute markets on $BTC, $ETH, and $SOL. Then there is @world_xyz, a Solana project that spent months as little more than a glowing globe with no public details. It revealed itself this week inside Phantom, reaching 20 million users and relying on Chainlink for automated market resolutions.
The FIFA deal cements the patternThe clearest signal yet came on June 9, 2026. ADI Predictstreet, the official prediction market partner of the FIFA World Cup 2026, announced it has adopted Chainlink as its exclusive oracle infrastructure to power accurate market resolutions and unlock instant payouts. To meet the scale of the tournament, ADI Predictstreet adopted the Chainlink Runtime Environment (CRE) to automate market creation, resolution, and settlement using high-quality FIFA data.
The deal placed Chainlink at the center of the official prediction markets for the biggest sporting event in history, a tournament spanning 48 teams, 104 matches, 16 host cities across three countries, and an estimated six billion fans.
While legacy prediction markets suffer from slow manual resolution and market outcome disputes, Chainlink's oracle infrastructure provides a robust source of truth for prediction markets on the world's largest sporting event. That structural shift, away from social-consensus or committee-based resolution and toward cryptographically verified, automated settlement, is what ties all of these integrations together.
The throughline across @Polymarket, @JupiterExchange, @world_xyz, and the official @FIFAWorldCup prediction market is the same: when platforms need fast, reliable, and dispute-free resolution at scale, they are reaching for the same oracle layer.
Sources
ADI Predictstreet official press release via PR Newswire
Chainlink Powers Faster Crypto Prediction Markets on Polymarket, Bitget News
Chainlink Data Streams, chain.link
Chainlink (LINK) showed clear signs of recovery this week, with large-scale purchases by major wallets over the last four days fueling upward price momentum. This surge in buying appetite coincided with a period of improving technical indicators, pushing LINK closer to the upper boundary of its recent trading range.
Whale wallets accelerate accumulationAccording to on-chain analytics platform Nazoku, four wallets classified as whales acquired a total of 512,595 LINK over the past four days. At current price levels, these purchases amount to approximately $3.78 million, marking a significant show of confidence from large holders.
Records show these specific wallets held 251,735, 120,675, 113,068, and 27,116 LINK tokens respectively. At least one of these wallets has demonstrated regular purchasing activity in the past, suggesting the latest accumulation may be part of a broader trend rather than a one-off event.
Nazoku data revealed that four major addresses accumulated a total of 512,595 LINK in the last four days, drawing attention as this wave of buying arrived during a phase of short-term price recovery.
Chainlink operates as a decentralized oracle network, providing external data feeds to smart contracts across different blockchains. Its infrastructure is particularly critical for DeFi applications, facilitating price data and the flow of off-chain information to on-chain protocols.
Price nears $7.40 thresholdData from BraveNewCoin indicated that LINK was trading near $7.39, up about 3.4% over the previous 24 hours. During the same session, the token dipped just above $7.13 before rebounding to nearly $7.43, touching the day’s intraday high.
This recovery helped LINK move away from its recent subdued levels, establishing the $7.20-$7.25 range as a short-term support zone. As long as the price remains above this band, resistance levels around $7.43 and subsequently $7.50 are in focus. Conversely, if LINK breaks lower, the $7.10 level could come back into play as a potential support.
Technical indicators show improving momentumA review of the 30-minute chart shows buyers reclaiming the initiative following several days of sideways movement. The appearance of consecutive higher lows during recent pullbacks points to persistent buying pressure and a constructive recovery structure in the short term.
On the MACD indicator, a positive crossover occurred as the MACD line moved above the signal line, while a shift back into positive territory on the histogram reflected improved short-term momentum. Rather than a sharp spike, this movement suggests a steady and controlled recovery.
Meanwhile, the Relative Strength Index (RSI) has risen to 60.58. Although this reflects strengthening buying sentiment, it also indicates the market has not yet entered overbought territory. The stability in trading volume supports the view that this move is grounded in consistent demand rather than sudden speculative activity.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
New York Life Investment Management is tokenizing a high-yield corporate bond strategy for the first time, partnering with Centrifuge on the NYLIM Anemoy fund settled in USDC.
New York Life Investment Management, a $807 billion asset manager, is putting a high-yield corporate bond strategy onchain for the first time. The firm partnered with tokenization platform Centrifuge to launch the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio, ticker HYB.
The partnership, announced Tuesday, marks NYLIM's first tokenized product and one of the first high-yield corporate bond strategies available onchain. Subscriptions and redemptions settle in Circle's USDC, and the underlying portfolio, investment process and risk management stay under NYLIM's control. Centrifuge, whose protocol carries $1.64 billion in TVL per DefiLlama, provides the tokenization rails.
Junk Bonds Go Onchain"Tokenization represents a compelling evolution in how investment solutions can be accessed, managed and distributed across both public and private markets," said Thomas Sy, head of multi-asset solutions at NYLIM, in the companies' joint release.
HYB is structured as a BVI segregated portfolio, the same wrapper Centrifuge uses across its fund lineup, giving tokenholders direct shareholder recourse to the underlying assets. The offering documents state the product is not being offered or sold to U.S. persons. Centrifuge CEO Bhaji Illuminati told The Block the fund is aimed at stablecoin issuers, DeFi users and DAO treasuries seeking yield beyond Treasury-backed products, with a liquidity arrangement through Grove, part of the Sky ecosystem, meant to support near-instant redemptions.
High-yield corporate bonds, commonly called junk bonds, carry higher credit risk in exchange for higher yields than investment-grade debt. Tokenized real-world assets to date have leaned on Treasuries and private credit; HYB extends that onto sub-investment-grade corporate debt.
Wall Street's Widening ListNYLIM joins Apollo Global Management and Janus Henderson on Centrifuge's roster of traditional asset managers, whose Anemoy-branded funds already span Treasury bills and a AAA-rated CLO portfolio exceeding $700 million in assets. Coinbase separately named Centrifuge its preferred tokenization infrastructure partner and took a stake in the firm.
The deal follows asset managers extending tokenized fixed income beyond government debt, including Baillie Gifford's UK-regulated tokenized bond fund built on Solana and Ethereum with BNY. Centrifuge co-founder Anil Sood said the NYLIM deal "is about moving funds onto infrastructure that is more transparent, more efficient, and more composable."
New York Life Investment Management (NYLIM) has partnered with Centrifuge to launch its first tokenized product, the NYLIM Anemoy U.S. High Yield Corporate Bond Segregated Portfolio. This move marks a significant step towards integrating blockchain technology into traditional finance, allowing institutional access to tokenized fixed-income assets. The new fund, which is settled in USDC, is not available to U.S. investors due to regulatory limitations. The announcement has triggered market discussions, with implications for the perceived value of tokenized asset-related entities.
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Key Takeaways The partnership between New York Life and Centrifuge appears to suggest increased institutional interest in tokenized assets. Market pricing indicates a moderate increase in STRC’s perceived value following the announcement. The launch of the tokenized bond fund is consistent with scenarios where institutional access to blockchain-based financial products expands. What to Watch Observers may find it valuable to monitor further institutional moves towards tokenization, as these could influence market dynamics. Regulatory developments in the U.S. concerning tokenized assets remain a potential catalyst for changes in market sentiment. Key actors such as Michael Saylor and Phong Le may play roles in shaping future discussions around blockchain integration in traditional finance.
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Circle Internet Group (NYSE:CRCL) on Tuesday crashed 17% after a 140-company coalition launched Open USD, a rival stablecoin designed to split reserve yield with distribution partners instead of keeping it.
Why OUSD Is A Direct Threat To Circle’s Business ModelCircle makes roughly 99% of its revenue from interest earned on USDC (CRYPTO: USDC) reserves.
Coinbase is one of USDC’s biggest distributors and now backs a direct rival that pays them a cut of the revenue Circle currently keeps, giving those partners a financial incentive to push OUSD over USDC going forward.
Circle’s CEO Fired Back, Pointing To USDC’s Dominant Network EffectsCircle CEO Jeremy Allaire responded on X, arguing USDC already controls 80% of all dollar stablecoin transactions on blockchains in Q1 2026, processing nearly $30 trillion, while all other stablecoins combined handled less than 0.5%.
Allaire called the consortium model structurally flawed, saying large groups of companies coordinate poorly and starve the infrastructure they’re supposed to support.
He also argued that giving away all reserve income leaves no capital to reinvest in the network, adding that the Coinbase partnership “remains as strong as ever.”
ARK Invest Bought The Dip, Adding $12.9 Million In Circle Shares MondayARK Invest purchased 169,777 shares of Circle worth roughly $12.9 million Monday, the day before the crash, as part of a broader $43.5 million crypto equity buying spree across ARKK, ARKW, and ARKF.
Bernstein Sees 203% Upside Despite The OUSD ThreatBernstein reaffirmed its outperform rating on Circle Wednesday with a $190 price target, implying 203% upside, arguing OUSD validates stablecoins as a category rather than threatening Circle’s position.
They also pushed back on the Coinbase concern, noting the exchange earns roughly 50% of USDC’s reserve income under its distribution deal with Circle, making a full pivot to OUSD financially self-defeating.
William Blair separately called OUSD “a solution searching for a problem.”
CRCL’s Chart Shows A Pattern Fully Invalidated In One SessionCircle’s 17% drop erased its entire recovery from early 2026, sending the stock back into the $50 to $65 demand zone that launched early 2026 rally.
Tuesday’s 2% bounce comes off deeply oversold levels with the Supertrend at $82.99 and the full bearish EMA stack overhead confirming the structural damage.
Holding the $50 to $65 zone and reclaiming the 20 EMA at $79.21 targets $82.99 then $89.70. Losing $61 opens a path toward $50 with no support in between.
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Circle CEO Jeremy Allaire has defended USDC’s competitive position following the launch of the Open USD consortium. He argues that stablecoin success depends on long-term network effects rather than fee structures or shared governance models.
In a lengthy post on X, Allaire welcomed Open USD into the stablecoin ecosystem but said Circle’s nearly decade-long investment in liquidity, regulatory approvals, and developer infrastructure has created advantages that would be difficult for new entrants to replicate.
Allaire says stablecoins compete on network effects Responding to questions from investors about Open USD, Allaire said stablecoin networks function more like internet platforms than traditional financial products, with their value increasing as more developers, businesses, and financial institutions integrate them.
He argued that USDC’s ecosystem has grown through thousands of integrations, expanding liquidity and interoperability while reinforcing demand for the stablecoin.
Allaire added that Circle has strengthened those network effects through infrastructure such as Cross-Chain Transfer Protocol [CCTP], Gateway, and other interoperability tools. Also, years of investment in global banking relationships, regulatory licensing, and reserve management.
Citing data from blockchain analytics firm Artemis, he said USDC processed nearly $30 trillion in on-chain transactions during the first quarter of 2026. This accounted for roughly 80% of all dollar-denominated stablecoin transaction volume, while USDT accounted for the remaining 20%.
According to Allaire, all other dollar stablecoins combined accounted for less than 0.5% of transaction activity.
Circle CEO challenges consortium model Much of Allaire’s post addressed Open USD’s core value propositions, including fee-free minting and redemption, shared reserve economics, and consortium governance.
He argued that redemption policies are shaped by broader market realities rather than headline fee structures. He said Circle already shares the majority of its income with distribution partners while retaining sufficient revenue to continue investing in infrastructure.
Allaire was particularly skeptical of large consortium-led governance models. He argues that organizations composed of numerous large companies often struggle to innovate due to competing incentives and slower decision-making.
“We actually tried this in the early days of USDC,” he wrote, adding that Circle found smaller strategic partnerships more effective than broad industry consortia.
The Circle CEO also addressed speculation surrounding Coinbase’s participation in the Open USD initiative. He says the companies’ partnership around USDC “remains as strong as ever”.
He also expresses confidence that many Open USD founding members would continue using USDC alongside the new network.
Despite his criticism of the consortium model, Allaire concluded by welcoming Open USD to the broader stablecoin ecosystem. He reiterated Circle’s commitment to supporting multiple issuers through its expanding infrastructure products.
Final Summary Circle CEO Jeremy Allaire said USDC’s decade-long investment in liquidity, regulation, and developer infrastructure gives it network advantages. In response to Open USD’s launch, Allaire challenged consortium governance and shared-economy models while welcoming the new stablecoin initiative.
Circle Internet Group shares dropped sharply by 17.55% over the past 24 hours, falling to $62 apiece. The USDC issuer now faces a 30-day loss of 40.34%, marking a significant downturn for the company. This decline has come even as Circle continues to make regulatory advances in the European Union, underscoring rising pressure on the firm’s stock.
Index changes heighten selling pressureAs part of the annual Russell index rebalancing that took place on June 26, 2026, Circle was removed from five major growth indexes, including the Russell 1000 Growth, Russell 3000 Growth, and Russell Midcap Growth. This was a routine adjustment, where the index provider updates the portfolio composition based on pre-established rules.
The market impact of this decision is considerable because many funds track these indexes. Index funds and ETFs tend to mirror the compositions and weightings of their target indexes. When a company is delisted from an index, these funds must adjust their holdings in line with the new structure, often prompting immediate selling. As a result, a company’s shares can experience additional supply pressures, independent of its core operations or performance.
Independent analyst Shanaka Anslem Perera attributes Circle’s recent losses not only to new competition but also to the prominent names driving the rival initiative.
This reshuffle may lead to a shrinking base of passive investors. As fewer index-linked funds retain Circle’s shares, the pool of long-term institutional holders is likely to narrow. A decrease in institutional ownership can in turn widen trading spreads and heighten price volatility.
Competitive pressures intensify in core marketsTechnical selling because of index changes has coincided with intensifying competition. The launch of a new stablecoin, Open USD, developed under the Open Standard initiative, has directly targeted Circle’s main area of business. The entry of Open USD signals a tougher competitive environment within the stablecoin space.
Notably, some of Circle’s closest business partners are backing this new project. BlackRock, Coinbase, and custodian bank BNY Mellon have all joined the initiative. BlackRock oversees around 80% of USDC reserves through the Circle Reserve Fund, while Coinbase, a founding partner of USDC, earns roughly $908 million per year from distribution revenue.
Mini glossary: A custodian bank is a financial institution authorized to securely hold and manage assets. In the context of stablecoin reserves, these institutions play a critical role by safeguarding cash and short-term government securities.
The heart of the debate centers on Circle’s revenue model. The company primarily earns income from interest on its $74 billion in cash and short-term U.S. Treasury reserves. In contrast, Open USD’s structure will share a larger portion of interest revenue with distribution partners, rather than retaining most of it with the issuer.
Focus shifts to upcoming Coinbase negotiationsThis new economic arrangement could alter incentives for distribution partners. While Circle’s current model entails revenue sharing or fees, the Open USD structure allows partners to access returns more directly. This shift has the potential to strain Circle’s existing partnership network.
Open USD is set to launch on the Base blockchain, which is owned by Coinbase. With Circle and Coinbase due to renegotiate their agreement in August, Circle now faces the prospect of sitting at the table with a partner that’s backing a direct competitor in the stablecoin market.
Valuation signals are also mixed. CRCL is trading nearly 47% below the consensus target price set by analysts, but review platform Simply Wall St still deems the shares overvalued. Moreover, recent insider selling over the past three months is watched cautiously by investors as a risk indicator.
Despite these challenges, USDC remains liquid, compliant, and in demand as a stablecoin. Circle’s management argues the market is large enough to accommodate several major players. With Open USD expected to debut later this year, investors are closely monitoring both the intensifying competition and the evolution of Circle’s partnership relations.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Circle CEO Jeremy Allaire defended USDC’s competitive position Wednesday after the launch of Open USD sent shares of the stablecoin issuer down 17.5% in the previous session.
We’ve had lots of questions from our investor community looking for thoughts on OUSD, and so I thought I’d share my direct views here for anyone.
Stablecoin networks are platform and network effect businesses that are established over a long period of time, tend towards…
— Jeremy Allaire – jerallaire.arc (@jerallaire) July 1, 2026
Circle closed Tuesday at $62.63 after Open Standard unveiled OUSD, a dollar stablecoin backed by more than 140 companies including Visa, Stripe, Mastercard, BlackRock and Coinbase. Shares recovered about 4% Wednesday morning, trading near $65 at press time.
Open USD is expected to go live later this year. Businesses will be able to mint and redeem the token at no cost and without volume limits. Participating companies will receive the earnings generated by OUSD reserves after a management fee, while governance will sit with an independent company overseen by its partners.
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In response to questions from Circle investors, Allaire argued that stablecoin markets are shaped by liquidity, integrations and network effects developed over long periods rather than by the number of companies supporting a product at launch.
He pointed to USDC’s presence across exchanges, banks, payment companies and decentralized finance platforms, as well as Circle products such as CCTP and Gateway, as infrastructure built over nearly a decade.
Allaire also questioned whether OUSD’s free minting and redemption model could be maintained under real market conditions. He said Circle already uses commercial agreements to reduce costs for large partners without introducing a blanket fee exemption across the network.
The executive was similarly critical of OUSD’s plan to return nearly all reserve earnings to participating businesses. Circle shares most of its income with distribution partners, Allaire said, but retains enough revenue to invest in compliance, liquidity and infrastructure.
Circle generated $653 million in reserve income during the first quarter, while distribution, transaction and other costs reached $407 million. OUSD directly challenges that model by shifting a larger portion of reserve economics toward the companies distributing and using the token.
Allaire also expressed doubts about OUSD’s consortium structure, arguing that large groups of companies often face conflicting incentives, slow decision making and limited product flexibility. Circle initially operated USDC through a consortium but encountered persistent complexity, he said.
The comments addressed Coinbase’s participation in Open Standard. Coinbase remains one of Circle’s most important USDC partners, despite also joining the group backing OUSD. Allaire said the relationship remains strong and that many OUSD participants are expected to continue using Circle’s products and infrastructure.
Allaire cited Artemis data showing that USDC processed nearly $30 trillion in transactions during the first quarter and represented about 80% of dollar stablecoin activity. Circle’s quarterly results separately reported $21.5 trillion in USDC onchain volume and a 63% share based on Visa Onchain Analytics.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)Summary
Circle shares were higher on Wednesday after Tuesday's plunge, but Jefferies warned that rising competition from bank- and fintech-issued stablecoins, including the new Open USD consortium, could pressure USDC’s growth and market share.The Open USD network, backed by more than 140 firms such as Stripe, Coinbase, Visa, Mastercard and BlackRock, aims to share reserve income with participants, potentially making it an attractive alternative for payment providers.Circle CEO Jeremy Allaire and ARK Invest’s Lorenzo Valente questioned whether a large consortium can coordinate effectively and withstand regulatory pressure, arguing that USDC’s existing network effects and regulatory footprint give it an edge over new rivals.Circle (CRCL) shares bounced 5% Wednesday after a 17% plunge, as investors are weighing whether the new Open USD stablecoin consortium backed by Stripe, Mastercard, Coinbase and BlackRock poses a lasting threat to the USDC issuer.
Global brokerage Jefferies isn't convinced the selloff has fully priced in the risks, arguing that Circle faces mounting competitive pressure as banks, payment firms and fintechs increasingly launch their own stablecoins.
"Buy the dip? We wouldn't," the firm's analyst team wrote in a note to clients.
"CRCL headwinds are unlikely to ease," analysts wrote, warning that competition could pressure USDC's supply growth and market share.
The authors argued that Circle, which holds roughly 25% of the $300 billion stablecoin market, is moving into a more competitive phase. While USDC benefited from an early lead after launching in 2018, Jefferies said new entrants now have something Circle lacked in its early years: large built-in distribution networks.
The launch of Open USD, backed by more than 140 companies including Stripe, Coinbase, Visa, Mastercard and BlackRock, points that shift. The consortium plans to share reserve income with participating companies, potentially making the platform more attractive to payment providers and fintechs.
Jefferies analysts also flagged Coinbase's participation as a new risk. Circle derives about 95% of its revenue from interest earned on USDC reserves and relies heavily on Coinbase as its largest distribution partner. The companies' commercial agreement is reportedly up for renewal in August.
While the brokerage doesn't view Coinbase joining Open USD as a sign it's abandoning USDC, it said the exchange could eventually promote competing stablecoins, weighing on USDC's growth.
Network effects vs. new challengersCircle CEO Jeremy Allaire pushed back against the competitive narrative in a lengthy post on X Wednesday, arguing that stablecoins are ultimately network businesses built over years rather than products that can be replicated overnight.
He pointed to USDC's ecosystem of thousands of integrations, deep liquidity across exchanges and decentralized finance protocols and regulatory approvals in markets including Europe and Japan as advantages that would be difficult for newcomers to match.
He also disputed one of Open USD's central selling points: sharing reserve income with partners. Circle already shares the majority of its income with distribution partners, he said, while retaining enough revenue to keep investing in infrastructure.
"Giving away all the income is a recipe for starving an infrastructure," Allaire wrote.
He was also skeptical of the consortium model itself.
"Large groups of large companies coordinate poorly, have misaligned incentives, slow things down and rarely create the space for real durable innovation," he wrote.
Test for the consortium modelThat skepticism is shared by Lorenzo Valente, director of digital asset research at ARK Invest, who noted that crypto has seen several consortium-backed stablecoin initiatives over the years, including Meta's Diem project and Paxos-led Global Dollar Network.
"Every year we get our consortium-style initiative around a stablecoin," Valente wrote in an X post. "While the set of players here is obviously potent, I remain highly skeptical any of these initiatives can hit scale."
He said Open Standard's biggest challenge may be coordinating more than 140 participants with competing interests.
"A consortium of hundreds of rivals has no precedent for working," he said. "The pace of decision-making across competitors is going to be glacial."
Valente likened the model to decentralized autonomous organizations, or DAOs, whose governance structures often struggled to make timely decisions.
"'Owned by everyone' almost always means accountable to no one," he said. "I'd bet on the two operators who can ship unilaterally over a committee that has to ask hundreds of rivals for permission."
He also questioned whether large banks, payment networks and technology companies would remain committed if the project encounters regulatory pressure. Circle and Tether, he noted, have spent years building global regulatory infrastructure and licensing, while a consortium could find it harder to stay aligned if conditions become more challenging.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jeremy Allaire argued that stablecoin networks are winner-take-most businesses built over years, two days after the launch of the 140-plus-firm Open USD consortium sent Circle's stock down more than 17% in a single session.
Circle co-founder and CEO Jeremy Allaire published a lengthy rebuttal on X on July 1 to the pitch behind OUSD, the stablecoin launched by the Open Standard consortium, arguing that USDC's advantages in distribution, liquidity and regulatory licensing are not easily replicated.
"We've had lots of questions from our investor community looking for thoughts on OUSD, and so I thought I'd share my direct views here," he wrote, describing stablecoin networks as "platform and network effect businesses that are established over a long period of time" and built on three layers: developer and application integrations, liquidity depth, and regulatory licensing accumulated over years, including USDC's approvals in the European Union and Japan.
Open Standard, the independent company formed to govern Open USD, unveiled the token on June 30. According to Open Standard's announcement, OUSD rests on three design principles: partner businesses can mint and redeem the token without fees or volume caps; partners receive nearly all reserve earnings after a management fee; and the token is governed collectively by a board of partner companies rather than a single issuer.
Reserves are described as maintained at financial institutions in compliance with U.S. regulatory requirements, though specific custodians and attestation practices had not been disclosed as of launch, as The Defiant reported.
Zach Abrams, Open Standard's founding CEO and a co-founder of Bridge, the stablecoin infrastructure company Stripe acquired for $1.1 billion in 2025, said in the announcement: "Existing stablecoins have great strengths, but to use them at scale, businesses need something that's open, low-cost, high-throughput, broadly accessible, and aligned to their interests."
Stripe president of technology and business Will Gaybrick said Open USD will be the default stablecoin for businesses running on Stripe.
The partner list spans more than 140 companies, including payment networks Visa, Mastercard, American Express and Discover; financial institutions BlackRock, BNY and Standard Chartered; technology firms Google and Shopify; and crypto platforms Coinbase, Ripple and Solana, according to Open Standard's site. Circle, Tether and PayPal are not among the backers.
Allaire's Point-by-Point RebuttalAllaire addressed three specific arguments made for OUSD. On fee-free minting and redemption, he said Circle already addresses large-partner economics through contractual arrangements rather than a blanket policy, and questioned whether removing fees entirely is sustainable market-wide.
On revenue sharing, he argued that distributing nearly all reserve income to partners risks starving the infrastructure needed to run a global stablecoin network — "giving away all income is a recipe for starving your infrastructure, systematically underinvesting and ensuring that your platform will remain limited in scope" — noting Circle already shares the majority of its income with distribution partners.
On consortium governance, Allaire pointed to Circle's own history — it co-founded the Centre Consortium with Coinbase before consolidating USDC issuance under Circle alone — and said the track record of similar multi-company products reaching scale "is absolutely dismal," citing coordination problems and slow decision-making among large corporate partners.
On usage, Allaire cited data he attributed to Artemis showing USDC processed roughly $30 trillion in onchain transactions in the first quarter of 2026, about 80% of dollar-stablecoin transaction volume, with USDT accounting for most of the rest and all other stablecoins combined under 0.5%.
On Coinbase specifically — notable because Coinbase is both a USDC revenue-sharing partner and an OUSD backer — Allaire wrote that Circle's "stablecoin partnership with Coinbase remains as strong as ever."
The Coinbase Economics at StakeCircle's own SEC filing spells out why the Coinbase relationship draws scrutiny: Coinbase earns 100% of interest income on USDC held within its own products, and 50% of the residual reserve income on USDC held elsewhere — a split that moves with how much USDC sits on Coinbase's platform, which Circle's filing put at 20% of total supply in 2024. That mechanism traces back to the actual Circle-Coinbase Collaboration Agreement, filed as an exhibit to Coinbase's 10-K, which defines Coinbase's cut through an "Issuer Retention" and "Residual Payment Base" formula and sets an initial three-year term running from the agreement's August 18, 2023 effective date — putting it up for renewal around August 18, 2026, with automatic three-year renewals contingent on Coinbase meeting the product and reseller thresholds in Section 3.2.
Bernstein analysts wrote in a research note that the arrangement accounts for close to 20% of Coinbase's total revenue, flagging Coinbase's participation in the 140-company OUSD consortium as something that "has raised eyebrows" given how much the exchange earns from USDC.
Market ReactionCircle's stock fell more than 17% on June 30 to close at $62.63, its weakest level in four months and down 55% from mid-May. CRCL had priced its IPO at $31 per share in June 2025 and reached an intraday all-time high of $298.99 (closing high of $263.45) on June 23, 2025, before its prolonged decline. As of DefiLlama, USDC's market capitalization stood at $73.9 billion against USDT's $184.9 billion, with total stablecoin market capitalization at $313.2 billion.
Circle reported first-quarter 2026 revenue and reserve income of $694 million, up 20% year-over-year, with reserve income of $653 million making up 94% of total revenue, according to Circle's Q1 2026 results.
Wall Street's initial read was skeptical of the selloff's magnitude. Bernstein reaffirmed an "Outperform" rating and $190 price target, citing Visa onchain data showing USDC processed $5.3 trillion in the first half of 2026 alone. William Blair kept its own Outperform rating, calling OUSD "a solution searching for a problem" and telling clients the selloff was a buying opportunity
Analysts pointed to Paxos's Global Dollar Network (USDG) — a similar consortium-backed, revenue-sharing stablecoin launched in 2024 — which has grown to only about $3 billion in supply, as a precedent for how new entrants have struggled against USDC and USDT.
Allaire closed his thread by saying Circle continues to work with OUSD's founding members as USDC customers and partners, and that Circle welcomes continued competition in the stablecoin market.
Circle CEO Jeremy Allaire (@jerallaire) moved quickly to address investor concerns after shares of Circle Internet Group ($CRCL) fell more than 16% following the announcement of Open USD (OUSD), a new rival stablecoin launched by a consortium called Open Standard.
A formidable line-up, but Allaire is not convinced Open Standard announced OUSD on June 30, 2026, backed by more than 140 companies spanning payments, banking, tech, and crypto, with founding supporters including Visa, Mastercard, Stripe, Coinbase, BlackRock, and Google. The token is governed collectively by a partner board rather than a single issuer, and its pitch to businesses rests on three pillars: free minting and redemption with no volume caps, reserve yield shared across the partner network, and consortium governance.
Responding to what he described as numerous investor questions, Allaire addressed each of those selling points directly and dismissed them in turn. He argued that returning nearly all reserve income to partners risks "starving an infrastructure," and questioned whether unlimited free minting could remain sustainable at scale. His sharpest critique was reserved for the governance model. Allaire called the track record of consortium products "absolutely dismal" at achieving scale or product-market fit, noting that large groups of large companies tend to coordinate poorly and move slowly. He also disclosed that Circle itself tried a consortium model in $USDC's early days and "ran into endless challenges and complexity" even with a small group.
Underpinning his rebuttal is a broader argument: that stablecoins are not commodity products but platform businesses that tend toward winner-take-most outcomes, built on compounding layers of integrations, liquidity, regulatory approvals, and financial infrastructure that take years to replicate.
USDC's numbers remain hard to argue with Allaire pointed to transaction volume as the clearest measure of USDC's moat. According to Artemis Analytics data cited by Circle, $USDC handled nearly $30 trillion in onchain transactions in Q1 2026, accounting for roughly 80% of all dollar stablecoin volume. $USDT took the remainder. Every other stablecoin combined barely registered.
Analysts were divided on the threat. Bernstein reaffirmed its Outperform rating on Circle with a $190 price target, while also acknowledging OUSD could become the "strongest and first new entrant to challenge the duopoly of Circle and Tether," though it flagged that governance, operational architecture, and the revenue-sharing formula remain unresolved. William Blair separately called OUSD "a solution searching for a problem," arguing Circle already offers comparable incentives to partners. ARK Invest research director Lorenzo Valente pointed to a cold-start liquidity problem, a lack of established trading pairs, and governance friction as structural hurdles for the new consortium.
Coinbase's position remains the most closely watched variable. The exchange is Circle's largest $USDC distribution partner and a founding OUSD backer. Notably, Jefferies flagged that Circle derives roughly 95% of its revenue from interest on USDC reserves and that its commercial agreement with Coinbase is reportedly up for renewal in August. Allaire moved to defuse that tension directly, saying the stablecoin partnership with Coinbase "remains as strong as ever." He closed on a deliberately measured note, welcoming OUSD as a new member of the stablecoin community and pointing to Circle's expanding infrastructure stack, including CCTP and its Circle Payments Network, as evidence the company is building for a multi-stablecoin world rather than against one.
OUSD is expected to go live later in 2026 on Solana, Stellar, Base, and Polygon. The core question is whether 140 companies with aligned financial incentives can outmaneuver a decade of entrenched network effects. Allaire is betting they cannot.
Sources:
The Defiant: Circle CEO Rebuts OUSD Pitch, Defends USDC's Network Effects After Stock Slide
CoinDesk: Jefferies Warns Against Buying the Dip in Circle as Open USD Raises Competition Fears
Fortune: Stripe, Visa and over 140 other businesses to launch stablecoin to rival Tether and Circle
Bitcoin Rallied To $82,000 In April Then Reversed HardCrypto entered Q2 with momentum, with Bitcoin and Ethereum (CRYPTO: ETH) both climbing roughly 20% from early April as geopolitical anxiety briefly eased and institutional demand improved.
That recovery didn’t hold. Three forces hit at once: oil prices spiked with Brent crude hitting $126.41, the Fed turned more hawkish, and capital started rotating into AI stocks where earnings momentum stayed intact.
The divergence became clear toward the end of May.
Bitcoin now sits near $60,000, roughly 52% below its all-time high of $126,000 set in late 2025.
All Three Major Demand Channels Weakened At The Same TimeCoin Metrics identified three pillars that normally support Bitcoin’s price, which all cracked in Q2.
Spot Bitcoin ETFs started strong with a single-day inflow peak of $474 million on April 20, then flipped.
Outflows dominated the rest of the quarter with 53 outflow days against just 30 inflow days. June alone accounted for $3.84 billion of the quarter’s total $4.08 billion in net outflows.
MSTR buying pace slowed materially as STRC fell to a record low near $74 and its mNAV compressed toward 1.0, weakening the funding mechanism behind its accumulation.
The stablecoin market contracted by $4.2 billion across Q2, removing a layer of dry powder that supports on-chain activity.
The Market Enters Q3 Deleveraged But ThinnerCombined Bitcoin and Ethereum long liquidations totaled $8.35 billion across Q2, with more than half occurring between May 25 and June 7 as overleveraged longs were flushed out.
Bitcoin open interest fell 32% from its peak to $33.5 billion, while Ethereum open interest dropped 40% to $16.2 billion.
Bitcoin’s orderbook depth declined from nearly $70 million in early May to roughly $35 to $40 million by late June, leaving the market thinner and more sensitive to selling pressure heading into Q3.
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Crypto exchange balances saw a notable withdrawal wave heading into July 1, with USDC and Bitcoin leading approximately $850 million in net outflows from centralized platforms. The move adds another layer to a market already watching liquidity, ETF flows, and investor positioning closely.
TL;DR Centralized exchanges reportedly saw around $850 million in net withdrawals over 24 hours. USDC led stablecoin outflows with about $503 million leaving exchanges. Bitcoin recorded around $352.7 million in net withdrawals over the same period. Exchange outflows are wallet movements, not direct evidence of spot buying or selling. Exchange flows are useful because they show where traders are moving assets, but they need careful interpretation. A withdrawal does not tell us exactly what the owner plans to do next. It may reflect self-custody, institutional settlement, collateral movement, treasury management, or DeFi deployment.
USDC leads the stablecoin move The largest reported component of the outflow was USDC, with roughly $503 million leaving centralized exchanges. Stablecoin withdrawals can mean several things. Sometimes traders are moving dollars on-chain to use in DeFi. Sometimes market makers are shifting liquidity between venues. Sometimes funds are simply being pulled into custody after a trading period ends.
Because USDC is widely used as a settlement asset, its movement can offer clues about where liquidity may appear next. If stablecoins leave exchanges and move into wallets or protocols, that may support on-chain activity. If they move into custody and stay idle, the signal is more defensive.
Bitcoin withdrawals add a second signal Bitcoin also saw significant reported withdrawals, with around $352.7 million in net outflows during the same 24-hour window. BTC leaving exchanges is often interpreted as a sign of holding conviction because coins moved into self-custody are usually less immediately available for sale.
That reading is useful, but it should not be pushed too far. Large holders can move coins between wallets for operational reasons. Institutions can rebalance custody arrangements. Traders can withdraw funds without making a long-term investment statement. The signal is strongest when exchange outflows persist across several days and align with improving price action.
A market looking for cleaner signals The latest outflow wave comes as Bitcoin and the wider crypto market are searching for direction after a difficult June. Spot ETF flows have weakened, US demand indicators remain mixed, and traders are watching liquidity closely. In that environment, exchange reserve data can help show whether investors are preparing to sell or moving assets away from trading venues.
For now, the takeaway is balanced. USDC and Bitcoin withdrawals suggest capital is moving off centralized exchanges, which can be constructive if it reflects custody confidence or on-chain deployment. But the data does not prove immediate buying pressure. It is one piece of the market puzzle, and it becomes more meaningful if the trend continues through the next several sessions.
For readers, the cleanest takeaway is to separate the raw data from the market interpretation. The figures are useful because they show how capital is moving, but they should still be read alongside price action, liquidity conditions, and the wider risk environment.
This report is based on information from CryptoQuant.
This article was written by the News Desk and edited by Samuel Rae.
2 July 2026 | 00:45 The launch of Open USD, the 140-plus company stablecoin consortium backed by Visa, Mastercard, Stripe, Coinbase, and BlackRock, drew a direct response from the person with a lot to lose.
Key Takeaways Circle CEO Jeremy Allaire publicly argued Open USD won’t dethrone USDC. He cites Artemis data putting USDC at 80% of on-chain dollar stablecoin volume. His sharpest point: consortium products have a “dismal” track record at scale. It’s the incumbent’s rebuttal, not neutral proof, and he has a clear stake. Circle co-founder and CEO Jeremy Allaire, whose company issues USDC, laid out a methodical argument via post on X for why he isn’t worried, which is itself a signal that the launch registered as a genuine competitive event worth answering.
The Market Is Already Asking the Question The timing tracks with the data. Per Santiment’s trending dashboard, the Open USD launch was one of crypto’s top trending stories, sitting alongside whale activity and MiCA licensing, with social volume spiking sharply and sentiment leaning mixed-to-bearish. The dashboard framed the open question plainly: whether another major stablecoin can truly compete with USDC and USDT. Allaire’s post is the incumbent’s direct answer to exactly that question, and the accurate read is that the market hasn’t resolved it, it has simply heard the market leader’s strongest case for why the answer is no.
His Core Argument: Stablecoins Are Winner-Take-Most Allaire’s foundational claim is that stablecoin networks behave like internet platform utilities, tending toward winner-take-most market structures built over long periods. The strength, in his framing, isn’t the token but the number and range of applications integrated to it. Every developer integration compounds network effects, which drives currency demand, which reinforces liquidity, a loop he argues a new entrant can’t simply buy its way into with a big logo list. As he put it, stablecoin networks “tend towards winner-take-most market structures.”
The Market-Share Numbers His hardest weapon is usage data. Citing third-party info from Artemis , Allaire states that in Q1 2026, USDC handled nearly $30 trillion in on-chain transactions, which he frames as “80% of all dollar stablecoin transactions on blockchains,” with USDT handling the remaining 20% and all other dollar stablecoins combined accounting for effectively zero, under half a percent. On the other hand Circle’s report declares USDC onchain transaction volume in Q1’26 of $21.5 trillion grew 263%. His point is that other stablecoins may have circulation, but real usage is minimal because they lack liquidity and network utility. These are his cited figures via Artemis, not independently verified here, and they are the incumbent’s strongest data point precisely because they measure usage rather than announcements.
The Liquidity Moat Allaire extends that into a liquidity argument. He contends USDC is a top-three most liquid digital asset alongside Bitcoin and USDT, with liquidity falling off sharply after those three. The closest competing dollar stablecoins, in his telling, are roughly 10 times smaller, with liquidity concentrated in promotional order books on single exchanges rather than dispersed across dozens of venues the way USDC’s is. It’s a direct counter to Open USD’s implicit pitch that a coalition of large companies can manufacture liquidity: his claim is that liquidity is earned over a decade, not assembled by consortium.
We’ve had lots of questions from our investor community looking for thoughts on OUSD, and so I thought I’d share my direct views here for anyone.
Stablecoin networks are platform and network effect businesses that are established over a long period of time, tend towards…
— Jeremy Allaire – jerallaire.arc (@jerallaire) July 1, 2026
The Consortium Critique This is his sharpest and most pointed argument, and it targets Open USD’s core differentiator directly. Allaire’s claim is that the track record of consortium products achieving scale, product-market fit, or basic agility is, in his words, “absolutely dismal.” Large groups of large companies, he argues, coordinate poorly, carry misaligned incentives, move slowly, and starve the venture out of self-interest. He notes Circle tried a consortium model in USDC’s early days, even with a small group, and hit endless complexity.
From there he makes a prediction: smaller, tighter commercial partnerships with a market leader will outcompete large consortiums, and the same firms lending their logos to Open USD will, in practice, direct their operating units to partner with USDC because that serves their customers best. It’s worth being precise that this is a forecast of how Open USD will struggle, not evidence that it has, but as a structural argument it’s his most persuasive, because it reframes Open USD’s main selling point, broad shared governance, as its main weakness.
His Rebuttals to Open USD’s Selling Points Allaire also pre-empts Open USD’s three headline pitches:
On “free mint and burn”: he argues the payments industry runs on small basis-point fees, and that a stablecoin with strong redemption facilities and no fees simply becomes the off-ramp for its competitors. Circle, he says, handles this through contractual mechanisms instead of blanket fee exemption. On “everybody shares the reserve income”: he counters that giving away all reserve income starves infrastructure investment, and that Circle already shares the majority of its income with distribution partners while retaining enough to keep investing. On shared governance: the consortium critique above. The Diplomatic Close Notably, Allaire doesn’t dismiss Open USD outright. He says Circle’s partnership with Coinbase “remains as strong as ever,” that Circle works closely with many Open USD founding members he expects will stay large USDC partners, and he welcomes Open USD “as a new member of the community.” Welcoming a competitor rather than attacking it is a posture only the market leader can afford, and it’s part of the message: confidence, not alarm.
The Honest Read Allaire’s argument is strong precisely because it leans on the two things Open USD can’t replicate overnight: cited market-share dominance, 80% of on-chain dollar volume by his Artemis figures, and a decade of accumulated liquidity and regulatory licensing, including USDC’s availability across all of Europe and Japan. The consortium critique is his most compelling point because it’s structural rather than defensive.
But it should be read as the incumbent’s perspective, not settled fact. Allaire has an obvious interest in dismissing a competitor backed by Visa, Mastercard, and BlackRock. The Artemis figures are his citation, and the consortium critique, however well-argued, is a prediction about how Open USD fails, not proof that it will. The Santiment data captures the real market uncertainty his confidence is designed to counter. The honest conclusion is that the question, can a new consortium stablecoin challenge USDC, remains open. What Allaire has provided is the clearest version of the market leader’s case for why it can’t.
This article is for informational purposes only and does not constitute financial advice. Consult a professional before making investment decisions.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Tradeweb has announced the successful completion of a transaction involving a tokenized US Treasury bond on blockchain infrastructure. In this transaction, asset manager Franklin Templeton transferred a tokenized Treasury security to Virtu Financial. The counterpart asset was tokenized cash, with settlement taking place on the Canton Network.
Instant settlement achieved on blockchainTradeweb facilitated the formation of the transaction price and execution of orders, while the Canton Network coordinated simultaneous settlement for both the bond and tokenized cash components. According to the participants, the transaction was finalized in real time. The financial terms of the deal were not disclosed.
Tradeweb emphasized that this marks the first instance in the industry where a tokenized US Treasury bond issued on Canton was transacted in real time in exchange for USDCx—a USDC-backed stablecoin.
Several major players took part in the process, including Blockdaemon, Digital Asset, Societe Generale, Franklin Templeton, Tradeweb, and Virtu Financial. Virtu Financial stands out as a global financial firm known for its high-frequency trading and market making activities. The Canton Network is a permissioned blockchain network dedicated to institutional financial applications.
Glossary: Tokenization refers to the creation of a blockchain-based digital representation of a traditional asset. Settlement refers to the final completion of a transaction, with transfer of assets and funds between parties.
Advance comes ahead of DTCC’s tokenization rolloutAccording to the statement, this transaction came ahead of the Depository Trust & Clearing Corporation’s upcoming launch of its Tokenization Services later this year. DTCC aims to enable the tokenization of select stocks, exchange-traded funds (ETFs), and US Treasury securities through the new service. The firm stresses that investor protection and ownership rights will be preserved under the same framework as traditional assets.
Franklin Templeton, too, has recently accelerated its moves into tokenized financial assets. Earlier this year, the asset manager partnered with Binance to let institutional clients use tokenized money market fund shares as trading collateral. Additionally, the company has started work with Ondo Finance to bring tokenized ETFs onto blockchain networks.
Blockchain adoption grows in sovereign debt marketsGovernments are also taking steps to bring sovereign debt instruments onto blockchain systems. Multiple regulatory jurisdictions have launched digital bond pilots to test issuance, settlement, and market infrastructure using digital ledgers.
Hong Kong emerged as a pioneer in 2023 by issuing its first digital green bond. In November 2025, the government completed its third digital green bond issuance, raising 10 billion Hong Kong dollars—approximately $1.3 billion—across four currencies.
Last month, the Hong Kong government announced plans to establish a digital asset platform through the Hong Kong Monetary Authority to support the issuance and settlement of tokenized bonds. The platform is expected to expand to other digital assets and connect with regional tokenization networks. In the UK, the government assigned HSBC Orion to manage the Digital Gilt Instrument pilot, testing blockchain-based issuance, settlement, and secondary market operations for sovereign bonds.
Tokenized Treasury market hits $14.6 billionAccording to data from RWA.xyz, the market for tokenized US Treasury products has reached $14.6 billion. Comprising 84 on-chain products, this segment now stands as the largest in the tokenized real-world assets market.
CategoryValueTokenized US Treasury market$14.6 billionNumber of on-chain products84Hong Kong digital green bond issuance10 billion Hong Kong dollarsUS dollar equivalent of Hong Kong issuance$1.3 billionDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--National Beverage Corp. (NASDAQ: FIZZ) today announced its Board of Directors has declared a special cash dividend of $3.25 per share to shareholders of record on July 13, 2026 to be paid on or before July 30, 2026. “This special dividend marks the thirteenth cash payment to FIZZ holders in the past 22 years, distributing $19.78 per share, or over $1.8 billion. Thirteen special dividends in twenty-two years seems to have a regular cadence,” asserted a com.
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., notifies investors in PicS N.V. ("PicS" or the "Company") (NASDAQ: PICS) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors of PicS who were adversely affected if they purchased the Company's Class A common stock in and/or traceable to its January 30, 2026 initial public offering (the "IPO"). This action is pending in the United States District Court for the Southern District of New York.
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PicS investors should 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/nyse-ses/?prs=nf to learn more.
CASE DETAILS: According to the Complaint, PicS and certain of its executives are charged with failing to disclose material information in the Offering Documents, violating federal securities laws. The alleged false and misleading statements and omissions include, but are not limited to, that: (i) in December 2025, the Company determined that its credit assessment procedures were deficient and required enhancement; (ii) following implementation of revised procedures, the Company reclassified approximately R$590 million of exposures from Stage 2 to Stage 3, resulting in an incremental ECL charge of R$88 million for the quarter ended December 31, 2025; (iii) the Company experienced an undisclosed Stage 3 formation rate exceeding 7% in the fourth quarter of 2025, materially departing from the historical trends disclosed in the offering documents; (iv) the offering documents materially overstated the effectiveness of PicS N.V.'s credit models, user data, and underwriting and risk-monitoring capabilities; and (v) prior to the IPO, PicS N.V.'s expansion into riskier business lines had led to deteriorating credit quality, increased default and impairment risk, and adverse financial and operational trends that were expected to continue worsening and materially impact the Company's business and financial results.
The case is FirstFire Global Opportunities Fund, LLC v. PicS N.V., No. 26-cv-04793.
WHAT TO DO? If you invested in PicS and suffered a loss during the relevant time frame, you have until August 4, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.
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.
BOZEMAN, Mont.--(BUSINESS WIRE)---- $FICO--More than a decade of loan-level performance data has been released to support evaluation and adoption of FICO Score 10T.
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.
FAIR LAWN, N.J., July 01, 2026 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (NASDAQ: CLBK), a Delaware corporation and the mid-tier holding company for Columbia Bank (the “Holding Company”), announced today that at its Annual Meeting of Stockholders held on June 25, 2026, its stockholders approved the Plan of Conversion and Reorganization whereby Columbia Bank MHC, the mutual holding company of the Holding Company and the Bank, will convert from mutual holding company form to the fully public stock holding company form (the “Conversion”), and approved its acquisition of Northfield Bancorp, Inc. (“Northfield”), which will occur simultaneously upon completion of the Conversion. In addition, at a Special Meeting of Members of Columbia Bank MHC held on June 29, 2026, the depositors of the Bank approved the Conversion.
July 01, 2026 16:30 ET | Source: O'Reilly Automotive Stores, Inc.
Earnings Release Date – Wednesday, July 29, 2026, after 3:30 p.m. Central TimeConference Call Date – Thursday, July 30, 2026, at 10:00 a.m. Central Time SPRINGFIELD, Mo., July 01, 2026 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, announces the release date for its second quarter 2026 results as Wednesday, July 29, 2026, with a conference call to follow on Thursday, July 30, 2026.
The Company’s second quarter 2026 results will be released after 3:30 p.m. Central Time on Wednesday, July 29, 2026, and can be viewed, at that time, on the Company’s website at www.OReillyAuto.com by clicking on “Investor Relations.”
Investors are invited to listen to the Company’s conference call discussing the financial results for the second quarter 2026, on Thursday, July 30, 2026, at 10:00 a.m. Central Time, via webcast on the Company’s website at www.OReillyAuto.com by clicking on “Investor Relations.” Interested analysts are invited to join the call. The dial-in number for the call is (888) 506-0062 and the conference call identification number is 532005. A replay of the conference call will be available on the Company’s website through July 29, 2027.
About O’Reilly Automotive, Inc.
O’Reilly Automotive, Inc. was founded in 1957 by the O’Reilly family and is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both the do-it-yourself and professional service provider markets. Visit the Company’s website at www.OReillyAuto.com for additional information about O’Reilly, including access to online shopping and current promotions, store locations, hours and services, employment opportunities, and other programs. As of March 31, 2026, the Company operated 6,644 stores across 48 U.S. states, Puerto Rico, Mexico, and Canada.
For further information contact:Investor Relations Contacts Leslie Skorick (417) 874-7142 Eric Bird (417) 868-4259 Media Contact Sonya Cox (417) 427-8071
Vertiv Holdings Co. (VRT - Free Report) ended the recent trading session at $311.42, demonstrating a -6.99% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.22%. Elsewhere, the Dow lost 0.03%, while the tech-heavy Nasdaq lost 0.66%.
The stock of company has risen by 0.1% in the past month, leading the Computer and Technology sector's loss of 2.58% and the S&P 500's loss of 1.21%.
The upcoming earnings release of Vertiv Holdings Co. will be of great interest to investors. It is anticipated that the company will report an EPS of $1.42, marking a 49.47% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $3.37 billion, showing a 27.69% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.37 per share and a revenue of $13.73 billion, representing changes of +51.67% and +34.2%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Vertiv Holdings Co. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.02% higher. At present, Vertiv Holdings Co. boasts a Zacks Rank of #2 (Buy).
In the context of valuation, Vertiv Holdings Co. is at present trading with a Forward P/E ratio of 52.6. Its industry sports an average Forward P/E of 13.09, so one might conclude that Vertiv Holdings Co. is trading at a premium comparatively.
It's also important to note that VRT currently trades at a PEG ratio of 1.45. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computers - IT Services was holding an average PEG ratio of 0.93 at yesterday's closing price.
The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 106, this industry ranks in the top 44% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
NEW YORK--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA) will issue a press release announcing its second-quarter 2026 financial results after the market closes on Tuesday, August 4, 2026 and host a call to review the results on Wednesday, August 5, 2026, from 10 a.m. to 11 a.m. ET via live webcast available to the public at investors.voya.com. The announcement, investor supplement and analyst presentation will be available on investors.voya.com upon issuance of the press release. A replay.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- STARZ (NASDAQ: STRZ) announced today the company will report its second quarter financial results for 2026, ended June 30, 2026, on Friday, August 7. Senior management will also hold an analyst and investor call to discuss results at 5:00AM PT/8:00AM ET before market open on August 7. To listen to the live audio webcast, click here. A full replay will be available later the same evening by clicking here.
About STARZ
STARZ (NASDAQ: STRZ) is the leading premium entertainment destination for women and underrepresented audiences, and home to some of the most popular franchises and series on television. STARZ offers a robust programming mix for discerning adult audiences, including boundary-breaking originals and an expansive lineup of blockbuster movies, and is embodied by its brand positioning "We're All Adults Here." Complementary to any platform or service, STARZ is available across a wide range of digital OTT platforms and multichannel video distributors and is a bundling partner of choice. STARZ is powered by an industry-leading advanced technology, data analytics and digital infrastructure and the highly rated and first-of-its-kind STARZ app.
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In the latest trading session, Datadog (DDOG - Free Report) closed at $264.48, marking a +1.58% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.22% for the day. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.66%.
The stock of data analytics and cloud monitoring company has fallen by 3.26% in the past month, lagging the Computer and Technology sector's loss of 2.58% and the S&P 500's loss of 1.21%.
The investment community will be closely monitoring the performance of Datadog in its forthcoming earnings report. The company is predicted to post an EPS of $0.58, indicating a 26.09% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.08 billion, up 30.22% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.41 per share and revenue of $4.34 billion, indicating changes of +17.56% and +26.62%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Datadog. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 5.3% higher. Datadog currently has a Zacks Rank of #2 (Buy).
With respect to valuation, Datadog is currently being traded at a Forward P/E ratio of 107.87. For comparison, its industry has an average Forward P/E of 19.05, which means Datadog is trading at a premium to the group.
We can also see that DDOG currently has a PEG ratio of 7.04. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.06.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 81, putting it in the top 33% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Self-custody means holding your own keys instead of trusting an exchange to hold them for you. After FTX, Celsius, and Mt. Gox, the case is obvious. Yet most people still leave their crypto on a platform. Here is why, and how to change it.
Summary
Self-custody means you control the private keys to your crypto, so no exchange, company, or third party can freeze, lose, or spend your funds. The trade is that you carry full responsibility for keeping those keys safe. The alternative is custodial storage, where an exchange holds your keys for you. It is convenient and offers support and recovery, but it exposes you to counterparty risk if the platform is hacked, goes insolvent, or freezes withdrawals. The phrase “not your keys, not your coins” captures the core lesson from collapses like FTX, Celsius, and Mt. Gox, where users who left funds on a platform lost access when it failed. Self-custody wallets come in two forms: hot wallets, which stay connected to the internet for convenience, and cold wallets, which keep keys offline for maximum security, usually on a hardware device. Despite the risks, surveys show most users still keep crypto on exchanges, because self-custody means managing a seed phrase and accepting that a lost phrase or a phishing mistake can mean permanent loss. Table of Contents
What self-custody meansNot your keys, not your coinsHot wallets versus cold walletsThe seed phraseHow to set up self-custodyThe mixed approachNewer options and the responsibility tradeThe main risks to manageFrequently Asked Questions Self-custody is one of the founding ideas of crypto and one of the least practiced. The promise of Bitcoin and the systems that followed was that you could hold value directly, without a bank or a broker standing between you and your money. Self-custody is that promise made real: you hold the keys, and no one else can touch your funds. The catch is that holding the keys means holding all the responsibility, and after years of exchange collapses that wiped out users who trusted platforms to hold their crypto, most people still do exactly that. This guide explains what self-custody is, how it differs from leaving crypto on an exchange, the difference between hot and cold wallets, how to set it up, and the real risks on both sides.
To understand self-custody, you first have to understand what a crypto wallet actually holds. Your crypto does not sit inside your wallet the way cash sits in a leather one. The coins live on the blockchain, a public ledger copied across thousands of computers. What you truly own is the private key, a secret piece of data that authorizes moving those coins. Whoever controls the private key controls the crypto. A wallet is really just a tool for storing and using that key.
Self-custody, also called non-custodial storage, means you hold the private keys yourself. You alone can authorize transactions, and no company sits between you and your funds. Because no third party has your keys, no exchange bankruptcy, no regulatory seizure, and no corporate decision can freeze or take your crypto. You have complete control, and with it complete responsibility, since there is no help desk that can recover your funds if you lose your key.
The opposite arrangement is custodial storage, the default when you buy crypto on an exchange. There, the platform holds the private keys on your behalf. You see a balance in your account, and you can trade and withdraw, but the exchange controls the keys and therefore the crypto. You are trusting the company to safeguard your funds and to let you access them when you want. That trust is convenient, and it is also the entire source of the risk that self-custody is designed to remove.
Not your keys, not your coins The phrase that has circulated in crypto for years is “not your keys, not your coins,” and it is the single most important idea in this whole subject. It means that if you do not control the private keys, you do not truly control the crypto, no matter what balance an app shows you. When your funds sit on an exchange, what you own is a claim against that company, not the coins themselves. As long as the company is solvent and honest, the claim is as good as the coins. When it is not, the difference becomes everything.
History has proven the point repeatedly. When large exchanges and lenders collapsed, users who had left their crypto on those platforms found they could not withdraw, and many never recovered their funds. The failures of Mt. Gox years ago, and of FTX, Celsius, and other platforms more recently, all delivered the same lesson: a balance on a platform is only as safe as the platform, and platforms fail. In each case, users who held their own keys were untouched, while those who trusted a custodian shared in its collapse.
This is the argument for self-custody in one sentence: it removes counterparty risk. There is no company that can go bankrupt with your coins, no platform that can freeze your account, no custodian that can be hacked and drained. The price of removing that risk is taking on the responsibility yourself, which is exactly where the difficulty, and the reason most people still avoid it, begins.
Hot wallets versus cold wallets Within self-custody, wallets divide into two families based on whether they are connected to the internet. A hot wallet is a self-custody wallet that stays online, usually as a phone app or a browser extension. It is convenient: you can send, receive, and interact with on-chain applications quickly, which makes it well suited to small balances and daily use. The trade is exposure, because anything connected to the internet is more reachable by attackers, malware, and phishing.
A cold wallet keeps the private keys offline, most often on a dedicated hardware device that looks like a small USB stick. The keys are generated and stored on the device and never leave it; when you want to send crypto, the transaction is signed on the device itself, so the secret key is never exposed to your internet-connected computer or phone. This offline design makes cold wallets far more resistant to remote attacks, which is why they are the standard for larger amounts and long-term holding. The trade is convenience, since using one takes more steps and the physical device can be lost, damaged, or stolen.
It is worth separating two ideas that are often confused. Hot versus cold describes internet exposure. Custodial versus non-custodial describes who holds the keys. A hardware cold wallet is non-custodial and offline. An exchange account is custodial and online. You can have self-custody that is hot, such as a phone wallet, or self-custody that is cold, such as a hardware device. The safest arrangement for meaningful sums is self-custody that is also cold, because it combines your control of the keys with their isolation from the internet.
The seed phrase At the center of nearly every self-custody wallet sits the seed phrase, and understanding it is non-negotiable. When you set up a wallet, it generates a sequence of 12 to 24 ordinary words, called the seed phrase or recovery phrase. Those words are a human-readable form of your master key. From them, the wallet derives all of its private keys, which means the seed phrase can restore your entire wallet on any compatible device if your phone breaks or your hardware wallet is lost.
That power cuts both ways. Anyone who obtains your seed phrase can recreate your wallet and take everything in it, from anywhere in the world, with no way to reverse the theft. And if you lose your seed phrase and lose access to your device, your funds are gone permanently, because no company holds a copy and no one can regenerate it for you. The seed phrase is the thing you are really protecting in self-custody, and the rules are strict: write it down and store it offline in a secure place, never type it into a website or share it with anyone, and never store it as a photo or in a cloud account where it could be leaked or hacked.
The seed phrase is also the reason self-custody feels intimidating, and it should command respect rather than fear. It replaces the bank’s password-reset and fraud-reversal safety nets with a single artifact that you alone are responsible for. Most catastrophic self-custody losses trace back to a seed phrase that was lost, exposed, or handed to a scammer, so mastering how to store it safely is most of the battle.
How to set up self-custody The path is more approachable than it sounds. Start by deciding how much you are protecting and for how long. Small amounts you actively trade can live in a hot wallet or on a regulated exchange; larger amounts you intend to hold belong in cold storage. That decision drives which wallet you set up.
To set up a hot wallet, download a reputable wallet app or extension, triple-checking that you are on the official site to avoid the fake wallet apps that scammers publish. The wallet will generate your seed phrase; write it down on paper, store it securely offline, and never save a digital copy. To set up a cold wallet, buy a hardware device directly from the manufacturer or an authorized seller, never secondhand, then follow its setup to generate and record the seed phrase on the device. Once the wallet exists, you fund it by sending crypto to its receiving address.
A concrete example shows the flow. Suppose you hold Ether on an exchange and want to move it into self-custody. In your wallet, you find your receiving address for Ether and copy it. On the exchange, you choose to withdraw Ether, paste in your wallet’s address as the destination, confirm the network is correct, and review the fee before sending. After the network confirms the transaction, the Ether now sits in your self-custody wallet, controlled by your keys, and it will stay there untouched until you decide to move it. That single transfer is the moment custody changes hands, from the exchange to you.
The mixed approach In practice, most experienced users do not choose between an exchange and self-custody; they use both, with a deliberate split. The common model is to keep the bulk of holdings in cold self-custody, isolated from the internet and from platform risk, while keeping a smaller working balance on an exchange or in a hot wallet for active trading and quick access. A frequently cited starting ratio is roughly 70% in cold storage and 30% on a platform or hot wallet, adjusted to how actively you trade.
The logic is that different funds have different jobs. Money you may need to move or trade at short notice benefits from the speed and liquidity of an exchange, and keeping only a small operational balance there limits how much is exposed if the platform fails. Money you intend to hold for the long term has no reason to sit exposed to counterparty risk, so it belongs in cold storage where your keys, offline, protect it. Splitting deliberately captures the convenience of a platform for the funds that need it while keeping the majority safe.
This is also the arrangement that shows up at the level of large holders and institutions, who typically hold reserves in cold storage, sometimes behind multiple required approvals, and keep only operational liquidity on exchanges. The broader on-chain trend of crypto leaving exchanges and moving into private wallets, often read as a sign of accumulation, is the same behavior at scale: participants moving coins they intend to keep off platforms and into custody they control.
Newer options and the responsibility trade The seed phrase problem has driven a wave of newer wallet designs aimed at keeping self-custody while removing its sharpest edge. Multi-party computation, or MPC, wallets split the signing key into several encrypted shares held in different places, so there is no single seed phrase to lose or steal, and no one share can move funds alone. Some seedless wallets use this approach with familiar phone-based security like biometrics, letting beginners hold their own keys without memorizing or safeguarding a 24-word phrase. These designs aim to make self-custody accessible to people who found the seed phrase too risky to manage.
Even so, self-custody remains a trade-off instead of a free upgrade, and that is why most people still leave crypto on exchanges despite the risks. Surveys of crypto users capture the gap clearly: a large majority say self-custody is important and many fear a major exchange breach, yet most still keep their assets on centralized platforms and only a minority use a cold wallet. The reasons are convenience and fear of self-inflicted loss. An exchange offers password resets, customer support, and the comfort of not being solely responsible, while self-custody offers control at the cost of accepting that a lost phrase or a single phishing mistake has no undo.
The honest framing is that self-custody removes counterparty risk and replaces it with personal responsibility. Neither approach is strictly correct for everyone. A beginner with a small balance may reasonably start on a reputable exchange while learning, and a long-term holder with meaningful sums has a strong case for cold self-custody. The goal is to match the method to the amount, the time horizon, and your own comfort with responsibility, and to make that choice deliberately rather than by default.
The main risks to manage Self-custody shifts the risks instead of removing them, so it helps to name what you are now guarding against. The first is seed phrase loss: misplace the phrase and lose your device, and the funds are unrecoverable, so secure, redundant, offline backups matter.
The second is exposure: a seed phrase photographed, stored in the cloud, or typed into a website can be stolen, so it must stay offline and private. The third is phishing and scams, the most common way self-custody users actually lose funds, where attackers trick you into entering your seed phrase on a fake site, signing a malicious transaction, or downloading a counterfeit wallet app.
The fourth risk is physical, since a hardware device can be lost, damaged, or stolen, which is why the seed phrase backup, stored separately from the device, is what actually protects you rather than the device itself. Practical defenses follow directly from these risks: store the seed phrase offline in more than one secure location, never share it or enter it anywhere online, verify every website and app through official channels, and treat any unexpected request for your phrase or an urgent prompt to sign something as an attack until proven otherwise.
The reassuring part is that these risks are manageable with discipline, and none of them involve trusting a company that could fail. The custodial user worries about the platform’s security, which they cannot see or control. The self-custody user worries about their own practices, which they can. For many people, trading a risk they cannot control for one they can is the entire appeal, and the reason the phrase “not your keys, not your coins” has outlasted every platform that tested it.
Frequently Asked Questions What does self-custody mean in crypto? Self-custody means you hold the private keys to your crypto yourself, so you alone can authorize transactions and no exchange or company can freeze, lose, or spend your funds. Your coins live on the blockchain, and the private key is what controls them. The trade is that you take on full responsibility for keeping those keys safe, with no help desk to recover them if lost.
What is the difference between a custodial and a non-custodial wallet? A custodial wallet, such as an exchange account, has a third party hold your private keys for you. It is convenient and offers support and recovery, but it exposes you to counterparty risk if the platform fails. A non-custodial wallet, meaning self-custody, has you hold the keys, removing counterparty risk but making you solely responsible for security. The distinction is simply who controls the keys.
What does “not your keys, not your coins” mean? It means that if you do not control the private keys, you do not truly control the crypto, regardless of what balance a platform shows you. Funds on an exchange are a claim against that company, not the coins themselves. If the company is hacked, goes bankrupt, or freezes withdrawals, that claim can fail, as users learned when platforms like FTX, Celsius, and Mt. Gox collapsed.
What is the difference between a hot wallet and a cold wallet? A hot wallet is a self-custody wallet that stays connected to the internet, usually as a phone app or browser extension. It is convenient for small amounts and daily use but more exposed to online attacks. A cold wallet keeps the private keys offline, typically on a hardware device, signing transactions without exposing the key to the internet, which makes it far more secure for larger, long-term holdings.
What is a seed phrase and how should I protect it? A seed phrase is a sequence of 12 to 24 words generated when you set up a wallet, and it is a human-readable master key that can restore your entire wallet on any compatible device. Anyone who obtains it can take your funds, and losing it can mean permanent loss. Write it down, store it offline in secure locations, never share it, and never save it online or as a photo.
Is self-custody safer than keeping crypto on an exchange? It removes counterparty risk, the danger that a platform is hacked, goes insolvent, or freezes withdrawals, which is a real and repeatedly proven threat. But it adds personal responsibility, since a lost seed phrase or a phishing mistake has no undo. Self-custody is safer against platform failure and riskier against your own errors, so the right choice depends on the amount, your horizon, and your discipline.
Can I use both an exchange and self-custody? Yes, and most experienced users do. The common approach keeps the bulk of holdings in cold self-custody, protected from platform risk, while keeping a smaller working balance on an exchange or hot wallet for trading and quick access. A frequently cited split is around 70% in cold storage and 30% on a platform, adjusted to how actively you trade. Different funds get matched to different needs.
What are MPC or seedless wallets? Multi-party computation wallets split the signing key into several encrypted shares held separately, so there is no single seed phrase to lose or steal and no one share can move funds alone. Some seedless wallets use this with phone-based security like biometrics, letting users hold their own keys without safeguarding a 24-word phrase. They aim to keep the control of self-custody while reducing the seed phrase risk.
Disclaimer: This article is for information and educational purposes only and does not constitute financial, investment, or security advice. Self-custody carries the risk of permanent loss if keys or seed phrases are lost or stolen. Nothing here is a recommendation to use any specific product or service. Always do your own research and consider consulting a qualified professional before making decisions about storing digital assets. Information is accurate as of July 1, 2026, and may change.
PulteGroup (PHM - Free Report) closed the most recent trading day at $132.59, moving -3.37% from the previous trading session. This move lagged the S&P 500's daily loss of 0.22%. Meanwhile, the Dow experienced a drop of 0.03%, and the technology-dominated Nasdaq saw a decrease of 0.66%.
Prior to today's trading, shares of the homebuilder had gained 16.51% outpaced the Construction sector's gain of 5.89% and the S&P 500's loss of 1.21%.
Investors will be eagerly watching for the performance of PulteGroup in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 22, 2026. It is anticipated that the company will report an EPS of $2.38, marking a 21.45% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $3.98 billion, indicating a 9.61% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.95 per share and a revenue of $16.4 billion, representing changes of -13.02% and -5.25%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for PulteGroup. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.22% decrease. PulteGroup presently features a Zacks Rank of #4 (Sell).
In the context of valuation, PulteGroup is at present trading with a Forward P/E ratio of 13.79. This denotes a discount relative to the industry average Forward P/E of 15.87.
It's also important to note that PHM currently trades at a PEG ratio of 1.75. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Building Products - Home Builders industry stood at 2.6 at the close of the market yesterday.
The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 221, putting it in the bottom 11% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
In the latest trading session, Arista Networks (ANET - Free Report) closed at $166.62, marking a -1.92% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.66%.
Shares of the cloud networking company witnessed a loss of 3.11% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 2.58%, and the S&P 500's loss of 1.21%.
The upcoming earnings release of Arista Networks will be of great interest to investors. The company is predicted to post an EPS of $0.89, indicating a 21.92% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $2.82 billion, indicating a 27.95% upward movement from the same quarter last year.
ANET's full-year Zacks Consensus Estimates are calling for earnings of $3.63 per share and revenue of $11.57 billion. These results would represent year-over-year changes of +21.81% and +28.46%, respectively.
It is also important to note the recent changes to analyst estimates for Arista Networks. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Arista Networks is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Arista Networks is currently being traded at a Forward P/E ratio of 46.75. This indicates a premium in contrast to its industry's Forward P/E of 19.05.
We can additionally observe that ANET currently boasts a PEG ratio of 2.35. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry had an average PEG ratio of 1.06 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 81, this industry ranks in the top 33% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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., notifies investors in AeroVironment, Inc. ("AeroVironment" or the "Company") (NASDAQ: AVAV) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors of AeroVironment, Inc. who were adversely affected if they purchased the Company's securities between June 25, 2025 and March 10, 2026, both dates inclusive (the "Class Period"). This action is pending in the United States District Court for the Eastern District of Virginia.
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AeroVironment investors should 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/nasdaqgs-avav/ to learn more.
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CASE DETAILS: According to the Complaint, AeroVironment 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 understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the U.S. Space Force's Satellite Communication Augmentation Resource program and the U.S. Space Force's ongoing efforts to modernize the Satellite Control Network; (ii) accordingly, defendants overstated AeroVironment's business and financial prospects; and (iii) as a result, defendants' public statements were materially false and misleading at all relevant times.
The case is Norrell v. AeroVironment, Inc., et al, No. 26-cv-01429.
WHAT TO DO? If you invested in AeroVironment and suffered a loss during the relevant time frame, you have until July 27, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.
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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.
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AeroVironment stock is building positive momentum. Why is AVAV stock advancing? AeroVironment Awarded C-UAS ContractAeroVironment was awarded a $500 million firm-fixed-price contract to supply commercial counter-unmanned aerial systems (C-UAS) and counter-small-UAS capabilities.
Work locations and funding will be set with each order. The contract has an estimated completion date of June 29, 2029.
The award comes as the Pentagon continues to focus on counter-drone defense as low-cost drone threats proliferate.
AVAV Shares Move Higher After HoursAVAV Price Action: AeroVironment shares were up 3.19% in after-hours, trading at $177.94 at the time of publication, according to Benzinga Pro.
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Interest in AAVE, which experienced billions of dollars in outflows following the KelpDAO attack in April, continues to grow.
At this point, AAVE has recently managed to get on the radar of corporate companies, and has also experienced a huge surge in the number of new wallets.
Cryptocurrency analytics platform Santiment has reported that the DeFi lending protocol Aave (AAVE) has reached its highest daily number of new wallets since 2021. According to Santiment, this signals a recovery in DeFi.
According to data shared by Santiment, the number of wallets opened on Aave on the Ethereum network on June 30th reached 1806. This was the highest daily number of wallets recorded since October 2021.
Santiment stated that it sees this increase in AAVE as a sign of new participants entering the DeFi ecosystem.
The firm stated that, from a price perspective, this is the kind of signal investors want to see as July begins.
“…Last week, AAVE, ranked 46th by market capitalization, experienced a 23% increase.”
Furthermore, the emergence of new wallets at this rate indicates growing interest in AAVE and supports its price momentum. If this new participation translates into deposits, borrowing demand, and protocol revenue, AAVE could be poised for an even stronger recovery in the second half of 2026.”
Despite falling approximately 2.4% in the last 24 hours, AAVE has gained about 13% in value over the past week. Having approached $100 last week, AAVE was negatively impacted by the sharp drop in Bitcoin and fell to around $86.
As expectations for AAVE continue to grow recently, Standard Chartered and Grayscale have also issued bullish forecasts for the company. Accordingly, Standard Chartered predicts that the AAVE price could reach $3,500 by 2030, while Grayscale forecasts it could reach $175 within a year.
*This is not investment advice.
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Aave, the decentralized finance lending protocol, reported its strongest daily network growth in recent years on June 30. Within just 24 hours, 1,806 new Ethereum wallets were created on the platform. This surge stands out against the backdrop of broader weakness in cryptocurrency markets and signals a fresh wave of user interest in the Aave ecosystem.
Sharp jump in network growthAccording to data from Santiment, the number of new wallets on Aave reached its highest point since October 2021. The metrics indicate that the growth is driven primarily by the arrival of new addresses, rather than increased activity from existing users. Analysts view this as an early sign of renewed interest in DeFi platforms.
Santiment announced that Aave saw 1,806 new wallets on the Ethereum network within 24 hours, making it the largest day of network expansion since 2021.
Aave remains one of the largest DeFi protocols, enabling users to deposit crypto assets for yield and to borrow funds against their collateral. The uptick in new addresses suggests that enthusiasm for lending and borrowing products on the platform could be reviving.
Glossary: Total value locked is a key measure representing the total value of assets deposited in a DeFi protocol. Network growth tracks the expansion of a user base by counting newly created wallets over a defined period.
Token price and value lockedAt the time of publication, the AAVE token was trading around $86.20. While the asset had dropped by 2.4% over the previous 24 hours, it recorded an approximate 9% gain over the past week. This performance points to relative resilience in the AAVE token despite ongoing market pressures.
IndicatorDataNew wallets in 24 hours1,806AAVE price$86.2024-hour change2.4% decline7-day changeApprox. 9% increaseTotal value locked$12.2 billionThe value locked in Aave’s lending pools currently stands at around $12.2 billion. This substantial figure reflects both robust user deposits and sustained borrowing demand, confirming Aave’s status as one of the leading players in the DeFi market.
Santiment highlighted that this pace of new wallet creation points to growing interest behind the scenes and may support price stability during periods of uncertainty.
Upgrades and ongoing risk discussionsDevelopment continues on Aave’s V4 upgrade, which aims to improve the protocol’s lending efficiency and system design. A new structure called Smart Value Recapture is also in the works to further strengthen the platform’s revenue streams.
Within the Aave community, discussions on borrowing limits and risk management are front and center. These debates reflect the ongoing effort to balance the platform’s growth ambitions with system security. Although the influx of new users is significant, its lasting impact will depend on whether these wallets translate into active engagement and sustained DeFi demand.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Decentralized lending protocol Aave has recorded its strongest day of network growth in nearly five years, signaling renewed interest in decentralized finance (DeFi) despite broader weakness across the cryptocurrency market. According to on-chain analysis from Santiment, the protocol added 1,806 new wallets on Ethereum in a single day on June 30, its highest daily network growth since October 2021.
The surge comes as Aave’s native token has outperformed much of the crypto market over the past week, buoyed by renewed optimism around DeFi, growing institutional interest, and expectations of further protocol upgrades. While Bitcoin and several major digital assets remain under pressure, Aave is one of the market’s strongest performers, suggesting investors may once again be rotating capital into DeFi infrastructure.
New Wallet Creation Hits Highest Level in Nearly Five Years Santiment said Aave’s network added 1,806 new wallets in just 24 hours, marking the protocol’s biggest single-day increase in new participating addresses since October 2021.
Wallet creation surges on Aave. Source: Santiment
The analytics firm views network growth as one of the strongest indicators of organic adoption because it measures the number of new addresses interacting with a token rather than trading activity among existing holders.
In its analysis, Santiment said:
“AAVE’s many turning gears helped network growth hit its highest level since 2021.” The firm added that the spike suggests new participants are entering the ecosystem rather than existing investors simply rotating assets between wallets, which is a trend that historically precedes stronger network activity. The increase also reflects growing interest in Aave’s expanding ecosystem and recent protocol developments.
The wallet surge coincides with improving fundamentals across the Aave ecosystem. According to reported data, Aave currently secures approximately $12.2 billion in total value locked (TVL), maintaining its position as one of the largest decentralized lending protocols in crypto.
The protocol has also benefited from anticipation surrounding upcoming version upgrades and governance proposals focused on improving protocol revenue and tokenholder value.
Market sentiment has also been supported by growing institutional confidence in DeFi. Last week, Standard Chartered projected that AAVE could reach $3,500 by 2030, citing the protocol’s dominant position in decentralized lending and its role in the tokenization of real-world assets.
The bullish forecast helped fuel renewed investor interest in the token despite the market struggles.
Network Growth Is an Early Signal, Not a Guarantee While the latest on-chain data is encouraging, analysts caution that rising wallet creation alone does not necessarily translate into sustained user adoption.
Analysts noted that the increase in new addresses will need to be followed by higher borrowing activity, deposits and protocol usage for the momentum to have a lasting impact on Aave’s fundamentals.
Without meaningful engagement from new users, network growth can sometimes reflect short-term speculation rather than durable adoption.
Nevertheless, the timing of the surge is significant because Aave has spent much of the past year strengthening its competitive position through governance reforms, protocol upgrades and revenue-focused initiatives.
Morpho received two major institutional endorsements in a single day after Standard Chartered initiated coverage of the DeFi lending protocol and Robinhood unveiled a new Crypto Earn product powered by Morpho’s infrastructure.
The back-to-back developments strengthen Morpho’s position as one of the fastest-growing decentralized lending platforms competing alongside Aave. The MORPHO token’s price is up over 12% on the day.
MORPHO Price Performance. Source: BeInCryptoRobinhood Brings Morpho to Mainstream UsersRobinhood has begun rolling out its Crypto Earn product, a decentralized lending service powered by Morpho, to eligible users through the Robinhood app and Robinhood Chain.
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The first lending vault is curated by Steakhouse Financial and incorporates Maple Finance’s newly launched syrupUSDG, an institutional credit product backed by the regulated Global Dollar (USDG) stablecoin issued by Paxos on behalf of the Global Dollar Network.
According to Maple, the company has originated more than $22 billion in institutional loans since 2022. Through the new integration, Robinhood users will gain access to on-chain credit strategies built on Morpho’s open lending infrastructure.
“Morpho provides the open credit network that enables specialized credit strategies to reach users at scale,” Morpho CEO and co-founder Paul Frambot said in the announcement.
Standard Chartered Strengthens the Bullish NarrativeThe Robinhood announcement follows Standard Chartered’s decision to initiate coverage on MORPHO, calling the protocol one of the strongest long-term plays in decentralized finance.
The bank highlighted Morpho’s Vaults architecture as a key differentiator, arguing that its modular design makes it well suited for institutional asset managers, fintech platforms, and tokenized real-world assets. Analysts also pointed to the protocol’s rapid growth and expanding integrations across the digital asset ecosystem.
Together, the research note and Robinhood integration suggest growing institutional confidence in Morpho’s infrastructure rather than simply its token.
What’s Next for Morpho?Robinhood said access to Crypto Earn will expand gradually over the coming weeks, while Maple plans to extend syrupUSDG to additional blockchain networks beyond Ethereum and Robinhood Chain.
For investors, the latest announcements suggest Morpho is evolving from a leading DeFi lending protocol into critical financial infrastructure for regulated stablecoins, institutional credit, and mainstream fintech platforms, a trend that could further accelerate adoption as tokenized finance continues to grow.
@aave recorded its strongest single day of network growth in nearly five years on June 30, adding 1,806 new wallets on Ethereum in 24 hours, its highest tally since October 2021, according to @SantimentData. The milestone stands out against a broader crypto market that has spent much of the first half of the year under pressure.
$AAVE Holds Up While the Market Slides $AAVE has gained roughly 19% over the past week even as Bitcoin hovers around $60,000. CoinDesk notes that network growth measures new addresses interacting with or holding a token, so the surge points to fresh participants arriving rather than existing holders rotating positions. The protocol holds approximately $12.6 billion in total value locked.
Several developments are converging to draw attention. Aave is rolling out its V4 upgrade on Ethereum, which introduces a hub-and-spoke architecture designed to separate individual lending markets while keeping liquidity centralised in shared pools. The Aave DAO is also actively debating borrowing limits, and a new revenue mechanism called Smart Value Recapture is under focus as the protocol looks to route more value back into the system.
V4 and a Bold Bank Call Add to the Momentum Aave V4 launched on Ethereum mainnet in March 2026 after more than two years of development. The upgrade introduces three liquidity hubs at launch, each with conservative supply and borrow caps that the Aave DAO can expand as the protocol proves itself in production. The Defiant reported that Aave has processed over one trillion dollars in cumulative loans and holds more than 50% of the decentralised lending market.
Adding to the positive backdrop, Standard Chartered initiated coverage of Aave in late June with a $3,500 price target for $AAVE by end-2030. Crypto Briefing reported that Geoff Kendrick, the bank's global head of digital assets research, argued Aave is positioned to retain its lead in decentralised lending as tokenised real-world assets move onto blockchain networks, with the bank projecting that tokenised assets used in DeFi could grow 37 times by 2030.
The wallet spike is an encouraging signal, though analysts caution it is not a guarantee of sustained activity. As CoinDesk put it, new wallets show attention rather than commitment, and the figure matters only if it converts into deposits, borrowing, and the protocol revenue that follows.
Sources:
CoinDesk: Aave logs biggest network-growth day in nearly 5 years
Aave: Aave V4 is Live on Ethereum
Crypto Briefing: Standard Chartered initiates Aave coverage with $3,500 target for 2030
Conference call scheduled for the same day at 10:00 a.m. ET
, /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, today announced the details of its second quarter 2026 financial results press release and conference call. The Company plans to issue an advisory press release regarding the availability of its consolidated quarterly financial results at 8:00 a.m. ET on Wednesday, July 29th, 2026. Newmark's advisory release will notify the public that a full-text financial results press release will be accessible at the following pages:
http://ir.nmrk.com (PDF version of the full press release, PDF of a quarterly results investor presentation, link to the webcast, and supplemental Excel financial tables)
https://www.nmrk.com/media (PDF version of the full press release only)
Newmark will host a conference call on Wednesday, July 29th, 2026, at 10:00 a.m. ET to discuss its results.
For those who are unable to join the webcast, the Company expects to post dial-in information before the day of the call on the event's page at http://ir.nmrk.com.
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ABOUT NEWMARK
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
DISCUSSION OF FORWARD-LOOKING STATEMENTS ABOUT NEWMARK
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q, or Form 8-K.
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Graphic Packaging Holding Company (NYSE: GPK) between February 4, 2025 and February 2, 2026, inclusive (the “Class Period”), of the important July 6, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Graphic Packaging securities 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 Graphic Packaging class action, go to https://rosenlegal.com/submit-form/?case_id=64523 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 July 6, 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) Graphic Packaging was experiencing, inter alia, significant inventory management issues, as well as significantly reduced demand and volumes and increased costs; (2) defendants downplayed the true scope and severity of the foregoing issues, which were likely to, and did, have a material negative impact on Graphic Packaging’s business and financial results; (3) defendants likewise overstated the strength and sustainability of Graphic Packaging’s business model and operations, as well as its ability to weather ongoing macroeconomic headwinds; (4) accordingly, Graphic Packaging’s previously issued full year 2025 financial guidance was unreliable and/or unrealistic; and (5) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Graphic Packaging class action, go to https://rosenlegal.com/submit-form/?case_id=64523 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/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
SAN DIEGO, July 01, 2026 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Verra Mobility Corporation (NASDAQ: VRRM) securities between February 24, 2026, and May 26, 2026. Verra Mobility Corporation provides smart mobility technology solutions in the United States, Australia, Europe, and Canada. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions.
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
What is the class period? February 24, 2026 - May 26, 2026
What are the allegations? Robbins LLP is Investigating Allegations that Verra Mobility Corporation (VRRM) Misled Investors Regarding its Business Prospects
According to the complaint, during the class period, defendants provided investors with material information concerning Verra’s growth potential for full-year 2026, including confidence in the Company’s projected revenue outlook and anticipated growth of its Commercial Services segment, assurances regarding contract renewals with major rent-a-car (“RAC”) customers, and expectations for continued growth in its rental car tolling business. At the same time, defendants disseminated materially false and misleading statements and/or concealed material adverse facts concerning the true state of Verra’s relationship with Avis Budget Group (“Avis”), particularly with respect to obtaining a contract extension with Avis. Defendants also minimized concerns that major RAC customers could replace Verra with in-house solutions or outsourced alternatives. By omitting these material facts while making overwhelmingly positive statements about the Company’s prospects, defendants caused Plaintiff and other shareholders to purchase Verra securities at artificially inflated prices.
Plaintiff alleges that on May 26, 2026, Verra issued a press release announcing a termination notice from Avis regarding its contract and accordingly lowered its 2026 full-year financial outlook. Then, on June 1, 2026, the Company announced a sudden and surprising transition of its President and Chief Executive Officer David Roberts. On this news, the price of Verra's common stock declined dramatically from a closing price of $13.08 per share on May 26, 2026, to $3.85 per share on May 27, 2026, a decline of approximately 71%.
What can shareholders do now? You may be eligible to participate in the class action against Verra Mobility Corporation. Shareholders who wish to serve as lead plaintiff for the class must file their papers with the court by August 4, 2026. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.
To be notified if a class action against Verra Mobility Corporation settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.
Attorney Advertising. Past results do not guarantee a similar outcome.
MSC Industrial (MSM - Free Report) reported $1.05 billion in revenue for the quarter ended May 2026, representing a year-over-year increase of 7.8%. EPS of $1.43 for the same period compares to $1.08 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.03 billion, representing a surprise of +1.74%. The company delivered an EPS surprise of +12.1%, with the consensus EPS estimate being $1.28.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how MSC Industrial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Inventory Turnover: 4 compared to the 3 average estimate based on five analysts.Total Company ADS Percent Change: 7.8% versus 5.6% estimated by five analysts on average.Sales Days: 64 versus the five-analyst average estimate of 64.Average Daily Sales (ADS): $16.4 million versus the four-analyst average estimate of $16.1 million.Days Sales Outstanding: 37 compared to the 38 average estimate based on two analysts.View all Key Company Metrics for MSC Industrial here>>>
Shares of MSC Industrial have returned +3.3% over the past month versus the Zacks S&P 500 composite's -1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
