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NiCE’s CX AI solution supports digital sovereignty and EU data residency requirements

HOBOKEN, N.J.--(BUSINESS WIRE)--NiCE (Nasdaq: NICE) today announced it has been named a launch partner for the Amazon Web Services, Inc. (AWS) European Sovereign Cloud, a new independent cloud for Europe. The announcement marks a further expansion of the strategic relationship between NiCE and AWS, with NiCE making its agentic AI-powered customer experience solution available on the AWS European Sovereign Cloud.

Through this collaboration, organizations will be able to deploy NiCE’s advanced AI capabilities while supporting their data residency, operational autonomy, and digital sovereignty requirements within the European Union (EU). Building on the companies’ previously announced partnership to accelerate AI-powered customer service innovation, this newest alliance extends the reach of NiCE’s agentic AI solution to its growing European customer base, particularly organizations operating in highly regulated industries such as public sector, financial services, and healthcare.

The AWS European Sovereign Cloud is a fully featured, independently operated sovereign cloud backed by strong technical controls, sovereign assurances, and legal protections designed to meet the needs of European governments and enterprises. The AWS European Sovereign Cloud infrastructure is entirely located within the EU and operates independently from existing AWS Regions. Customers using the AWS European Sovereign Cloud benefit from the full power of AWS, including the same service portfolio, security, availability, performance, familiar architecture, APIs, and innovations such as the AWS Nitro System. By making NiCE’s agentic AI solution available on the AWS European Sovereign Cloud, organizations in highly regulated industries can accelerate AI adoption and unlock greater business value while maintaining control over sensitive data and meeting digital sovereignty requirements.

Advancing Agentic AI for Regulated Markets
NiCE is a leader in CX AI, unifying AI agents and human agents to orchestrate intelligent, goal-oriented outcomes across the customer journey. With its agentic AI solution planned for availability on AWS European Sovereign Cloud, European organizations will be able to deploy AI agents, real-time copilots, workflow automation, and AI-powered analytics capabilities in an environment designed to meet digital sovereignty needs and support customer requirements.

For example, a European financial institution could deploy NiCE’s AI agents on AWS European Sovereign Cloud to automate routine service requests, support human agents with real-time guidance, and personalize customer interactions while maintaining operational autonomy and keeping customer data within the EU.

“What sets NiCE apart is enterprise-grade agentic AI engineered for the world’s most regulated organizations, purpose-built with reliability, security, compliance, and privacy that organizations can’t compromise on,” said Dorothy Copeland, Chief Partner Officer at NiCE. “By extending our agentic AI solution to the AWS European Sovereign Cloud, NiCE enables Europe’s most regulated organizations to deploy next-generation AI capabilities on an independent cloud infrastructure located within the EU, supporting their digital sovereignty needs while accelerating AI-first customer experience transformation.”

Supporting Europe’s Digital Sovereignty Priorities
Data governance and compliance remain top priorities for organizations operating under EU regulatory frameworks. NiCE’s sovereign cloud strategy, including existing deployments in the EU, U.K., and Australia, reflects its continued commitment to delivering secure, scalable, AI-driven CX solutions that support customers’ regional and regulatory requirements. The addition of the AWS European Sovereign Cloud gives customers an uncompromising choice: achieving total digital sovereignty while continuing to innovate at pace.

"As AI governance becomes a strategic priority across Europe, sovereign cloud environments are evolving from a compliance requirement to a key enabler of innovation. Organizations increasingly need solutions that not only meet stringent data residency and regulatory obligations, but also deliver the agentic AI, automation, and real-time insights required to transform customer experience,” said Oru Mohiuddin, Research Director, IDC. "The combination of NiCE's agentic AI capabilities with the AWS European Sovereign Cloud addresses a growing market need: enabling regulated organizations to pursue AI-led transformation while maintaining control over data, operations, and governance within the EU."

Thomas Pöppe, CIO, AOK Bayern: “As we operate in an increasingly complex regulatory and competitive environment, especially around the use of AI, we see sovereignty as becoming essential to our long-term AI strategy. The combination of NiCE's agentic AI capabilities and the AWS European Sovereign Cloud offers a compelling path forward, allowing us to innovate while meeting evolving requirements around data residency, governance, and operational control.”

About NiCE
NiCE (NASDAQ: NICE) is transforming the world with AI that puts people first. Our purpose-built AI-powered platforms automate engagements into proactive, safe, intelligent actions, empowering individuals and organizations to innovate and act, from interaction to resolution. Trusted by organizations throughout 150+ countries worldwide, NiCE’s platforms are widely adopted across industries connecting people, systems, and workflows to work smarter at scale, elevating performance across the organization, delivering proven measurable outcomes.

Trademark Note: NiCE and the NiCE logo are trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICE's marks, please see: www.nice.com/nice-trademarks.

Forward-Looking Statements

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Ms. Copeland, are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the “Company”). In some cases, such forward-looking statements can be identified by terms such as “believe,” “expect,” “seek,” “may,” “will,” “intend,” “should,” “project,” “anticipate,” “plan,” “estimate,” or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of changes in general economic and business conditions; competition; successful execution of the Company’s growth strategy; success and growth of the Company’s cloud Software-as-a-Service business; rapid changes in technology and market requirements; the implementation of AI capabilities in certain products and services, decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; difficulties in making additional acquisitions or difficulties or effectively integrating acquired operations; loss of market share; an inability to maintain certain marketing and distribution arrangements; the Company’s dependency on third-party cloud computing platform providers, hosting facilities and service partners; cyber security attacks or other security incidents; privacy concerns; changes in currency exchange rates and interest rates, the effects of additional tax liabilities resulting from our global operations, the effect of unexpected events or geo-political conditions, including those arising from political instability or armed conflict that may disrupt our business and the global economy; our ability to recruit and retain qualified personnel; the effect of newly enacted or modified laws, regulation or standards on the Company and our products and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the “SEC”). For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the SEC, including the Company’s Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.

NuScale Power (SMR 2.24%) -- one of the market's most popular nuclear energy stocks -- is expected to report its second-quarter earnings sometime in early August. I don't expect any major announcements. But I do expect an update on a critical growth catalyst that could revive the company's struggling stock price.

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NuScale is seeking a power purchase agreement this year NuScale has an exciting business model, one that is benefiting directly from some powerful growth tailwinds. Global electricity demand is rising due to the rapid growth of AI technologies, which rely on energy-intensive data centers to operate. At least on paper, nuclear power is a great way to meet this growing demand with a clean energy source that can generate plenty of reliable baseload power.

There's just one problem: Conventionally sized nuclear power plants can take a decade or longer to build. That's why NuScale is focused on small modular reactors, or SMRs.

"When compared to traditional, large-scale [nuclear power plants], SMRs require less land, shorter construction periods, and have enhanced safety features," observes a report from Bank of America. Only two SMRs currently operate worldwide. But more than 80 are currently in some sort of development -- a jump fueled by the ongoing AI data center build-out.

Image source: Getty Images.

NuScale has yet to get an SMR system online. That's understandable given the industry as a whole remains relatively immature. While faster to build than conventional nuclear power plants, SMR systems will still likely take two to five years to build.

NuScale, however, may soon make the biggest leap yet in its journey to build an actual SMR. In September, the company announced a landmark deal to build a 6 gigawatt SMR system for the Tennessee Valley Authority, a federally owned utility corporation. At the time, NuScale's share price hovered around $34. Today, NuScale's stock price is closer to $10, largely because we have yet to see any real traction in the deal since it was signed.

This lack of traction, however, should change soon. In May, NuScale CEO John Hopkins announced that he expects a power purchase agreement (PPA) by the end of 2026. I expect Hopkins to give an update on this prediction on the next quarterly earnings call in August. If there's positive news, we could finally see NuScale stock begin to recover. After all, the resolution of a PPA agreement locks the Tennessee Valley Authority into buying power from NuScale's SMR system over the long haul, vastly improving the odds that construction will begin in 2027.

A frenzied push for artificial intelligence dominance comes with a different kind of cost for Meta, where massive layoffs, employee surveillance and departures have fueled reports of a heated internal climate.

The Cruise Line Invites Guests to Travel Alongside Culinary and Cultural Insiders

Download high-resolution images here. (Credit: Oceania Cruises).

, /PRNewswire/ -- Oceania Cruises® announced its 2027 Specialty Cruises, bringing together destination‑rich itineraries and hosted experiences where cuisine, culture and personal connection take center stage.

From top left to right: Sara Moulton, Claudine Pépin, Eric Barale and Alexis Quaretti. Bottom Left: Samantha Brown. The line's 2027 Specialty Cruises offer guests unique opportunities to engage with renowned guest hosts and celebrated experts while exploring some of the world's most evocative regions. From the sun-drenched Mediterranean and historic Baltic shores to captivating Japan, these thoughtfully crafted voyages offer fresh insights and memorable experiences inspired by culture, cuisine and history. Through exclusive events, expert insights and distinctive experiences, every journey is designed to go far beyond the expected.

"Our 2027 Specialty Cruises represent the pairing of port‑rich itineraries with hosts who bring true depth, access and perspective," said Jason Montague, Chief Luxury Officer of Oceania Cruises. "Each voyage has been created to connect guests more meaningfully with the cultures they're exploring through experiences that are only available on these specialty sailings."

Select voyages will once again be hosted by celebrated culinary icons and beloved television personalities, such as Claudine Pépin, daughter of patriarch chef, Jacques Pépin, and the likes of renowned television host Sara Moulton, alongside Oceania Cruises' own Executive Culinary Directors and lauded Master Chefs of France, Chef Alexis Quaretti and Chef Eric Barale.

Through intimate culinary experiences, cooking demonstrations, dinners and engaging conversations, travelers are invited behind the scenes of global cuisine, discovering not only remarkable flavors, but the stories and cultures that define them.

Select sailings will also feature travel experts who provide insights on distinctive Mediterranean ports, designed to bring travelers closer to the region's culture, people and experiences. Samantha Brown's Specialty Cruise, sailing from Trieste to Barcelona, is hosted by the popular television personality, who will share her insights, adding an extra layer of connection in select ports. Later in the season, the Reunion Cruise, aboard Oceania Aurelia™, offers an end‑of‑year celebration hosted by senior Oceania Cruises executives, where loyal and first-time guests alike can come together.

2027 Specialty Cruise Highlights

Culinary Luminaries Specialty Cruise: 13 days from Athens to Rome, departing June 2, 2027, aboard Oceania Vista®
Celebrate global cuisine inspired by the flavors, traditions and culinary heritage of the Western Mediterranean. Guests will enjoy enriching onboard programming, including specially crafted menus, tastings and culinary demonstrations with Executive Culinary Directors Chef Alexis Quaretti and Chef Eric Barale, alongside notable guest chefs. Sara Moulton Specialty Cruise: 14 days roundtrip London, departing June 8, 2027, aboard Oceania Marina™
Set sail on an in‑depth culinary journey through the Baltic region with Sara Moulton, renowned chef, author and television personality, formerly of the Food Network and current host of "Sara's Weeknight Meals" on PBS. This sailing celebrates the flavors and culinary heritage found along the shores of the Baltic Sea. Throughout the voyage, guests can look forward to specially crafted menus, culinary demonstrations, exclusive events and a gala brunch, led by Sara, whose approachable style and deep culinary knowledge have made her a trusted voice in kitchens around the world. Claudine Pépin Specialty Cruise: 11 days roundtrip Tokyo, departing September 30, 2027, aboard Oceania Riviera™
Discover the heritage and culinary traditions of Japan alongside Claudine Pépin, James Beard Award winner, president of the Jacques Pépin Foundation, and godmother of Oceania Sirena™. Throughout the voyage, guests can look forward to onboard experiences celebrating regional flavors and culinary storytelling, including live cooking demonstrations and a special gala brunch. Claudine will also join guests on select shore excursions, offering opportunities to connect Japan's cultural traditions with its rich culinary landscape. Samantha Brown Specialty Cruise: 10 days from Trieste to Barcelona, departing November 7, 2027, aboard Oceania Allura™
Hosted by beloved travel expert and television personality Samantha Brown, this Mediterranean voyage offers a fresh way to experience Europe's iconic cities. Bringing destinations to life through personal insights and engaging conversations, Samantha encourages guests to connect more deeply with the history and character of the ports visited. Designed for curious travelers, this specialty cruise is framed by the timeless beauty of the Adriatic and Western Mediterranean. Reunion Cruise: 12 days from Trieste to Athens, departing December 6, 2027, aboard Oceania Aurelia™
Join this special end-of-year sailing aboard the newly launched Oceania Aurelia, bringing together Oceania Club™ members and guests embarking on their first Oceania Cruises voyage for a festive celebration of travel, cuisine and shared experiences. Join Jason Montague, Chief Luxury Officer, and Neli Arias, Head of the Oceania Club, on this special voyage exploring the treasures of the Mediterranean through elegant events and immersive excursions. Open to Oceania Club members and discerning travelers new to Oceania Cruises. Featured hosts and special guests are planned to participate in these specialty sailings; however, appearances and programming are subject to change.

For more information on Oceania Cruises' Specialty Cruises visit here. Explore the line's collection of intimate, luxurious ships and curated global itineraries, here: OceaniaCruises.com or call 855-OCEANIA.

About Oceania Cruises®

Oceania Cruises® is the world's leading destination- and culinary-focused luxury cruise line, celebrated for its port-rich voyages and authentic cultural and culinary experiences. The line's intimate, luxurious ships feature an adults-only environment, with a high proportion of spacious rooms and suites, calling on more than 600 marquee and boutique ports in more than 100 countries across seven continents, with destination-intensive itineraries ranging from seven to 180 days. Aboard the designer-inspired ships, guests enjoy personalized service supported by a strong crew-to-guest ratio, alongside The Finest Cuisine at Sea®, prepared by one of the highest chef-to-guest ratios at sea. Oceania Cruises® is also recognized as one of the world's most awarded cruise lines, with accolades spanning luxury, dining, service and destination experiences. Oceania Cruises® has five Sonata Class ships on order scheduled for delivery in 2027, 2029, 2032, 2035 and 2037. Oceania Cruises® is a wholly owned subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH). 

SOURCE Oceania Cruises

Samsung Electronics, SK Hynix and Micron are facing a new US class-action lawsuit that puts the memory-chip boom under legal scrutiny.

The case lands at an awkward moment for the industry as AI demand has pushed memory prices sharply higher, data-centre buyers are racing to secure supply, and consumer electronics companies are starting to pass higher costs on to customers.

Now the legal question is whether the world’s three biggest DRAM makers simply followed the same market incentives, or coordinated to squeeze supply and lift prices.

The complaint was filed on June 25 in the US District Court for the Northern District of California.

The case is Garciaguirre et al v Samsung Electronics Co Ltd et al, and it has been assigned to Judge Nathanael M Cousins.

The plaintiffs include 14 consumers and three small businesses involved in PC building and distribution.

They are seeking class-action status, an injunction and treble damages, which means damages could be tripled if the plaintiffs ultimately prove antitrust violations.

The core allegation is simple: Samsung, SK Hynix and Micron allegedly restricted output of conventional DRAM, especially older DDR3 and DDR4 memory, while shifting capacity toward higher-margin high-bandwidth memory, or HBM, used in AI systems.

The plaintiffs argue that the AI pivot became a cover for an artificial shortage in mainstream memory.

Together, the three companies control roughly 90% of the global DRAM market, which is why their production choices matter so much.

The complaint says conventional DRAM prices have risen about 700% over four years.

For readers, this is the legal angle behind a price shock they may already be seeing.

Apple recently raised prices on several MacBook and iPad models, with the MacBook Pro 1TB rising by $300, citing soaring memory and storage costs.

This is not the first time DRAM pricing has attracted antitrust scrutiny.

In the mid-2000s, Samsung and Hynix pleaded guilty in a US Justice Department investigation into DRAM price fixing.

Samsung paid a $300 million criminal fine, while Hynix paid $185 million.

Micron cooperated with the earlier probe and avoided a corporate fine, though one Micron employee later pleaded guilty to obstruction of justice.

That history gives the new lawsuit political and legal weight. But it does not make the current case easy.

A similar class action filed in 2018 against Samsung, SK Hynix and Micron was dismissed in 2020, and the dismissal was upheld by the Ninth Circuit in 2022.

Courts found that the plaintiffs had not shown enough evidence of an actual agreement among the companies.

That distinction matters as in antitrust law, companies can independently make the same business decision if they face the same market conditions.

The legal experts call it parallel conduct.

What plaintiffs usually need to prove is coordination, some form of agreement, communication or shared plan to restrict competition.

The new case tries to clear that hurdle by focusing on the timing of production cuts, the industrywide shift toward HBM, and the sharp rise in conventional DRAM prices.

Agreement confirmed following the successful commercial operation of the SB 13-2 project developed by PowerBank Corporation under an Engineering, Procurement and Construction agreement

, /PRNewswire/ - PowerBank Corporation (NASDAQ: PBK) (Cboe CA: PBK) (FSE: 103) ("PowerBank" or the "Company"), a leader in independent energy development and asset ownership in North America, is pleased to announce its wholly owned subsidiary Abundant Solar Power Inc. has executed an Operations and Maintenance Services Agreement (the "Agreement") with Honeywell International Inc. (NASDAQ: HON) ("Honeywell" or "HON") to provide operations and maintenance services for a 21 MW portfolio of three projects named SB 13-1, SB 13-2, and SB-14 (the "Projects"). The Projects are built on an industrial brownfield owned by Honeywell, which is regulated by the New York State Department of Environmental Conservation. The Projects have been moved from Honeywell International Inc. to Honeywell Aerospace Inc., following the planned spinoff of Honeywell Aerospace on June 29, 2026.

The Agreement outlines the roles, responsibilities, and performance standards governing the long-term management of the Projects. It establishes requirements for routine inspection, maintenance, repair, and operational monitoring to ensure the Projects function effectively and in compliance with applicable regulations. The Agreement also defines reporting obligations, cost responsibilities, and coordination protocols between the parties, while setting clear expectations for environmental protection, safety, and system reliability over the term of the Agreement.

PowerBank's President and Chief Operating Officer Andrew van Doorn commented, "Securing the O&M agreement on the Honeywell portfolio is a natural extension of the work our team has been executing from day one. When you develop, permit, build, and commission a project, you know it better than anyone, and that knowledge is exactly what makes for reliable long-term operations. This agreement reflects the strength of our full-cycle platform, and the trust Honeywell has placed in PowerBank to deliver not just megawatts, but lasting performance."

In September 2023, the Company completed the sale of the Projects to Honeywell and entered into an engineering, procurement, and construction ("EPC") agreement to build the Projects through to commercial operation. The Agreement follows the announcement of the successful commissioning of the SB 13-2 project.

The Agreement for the portfolio of Projects with Honeywell demonstrates PowerBank's vertically integrated business model, offering services across development, EPC, and Operations and Maintenance to provide megawatts of power. Having now developed and constructed over 100 megawatts of clean energy projects across North America, with a pipeline exceeding one gigawatt, PowerBank is increasingly well-positioned to serve not only traditional utility and community solar offtakers, but also the rapidly growing demand for reliable, on-site power generation driven by AI compute infrastructure and modular data centers.

About PowerBank Corporation

PowerBank Corporation is a vertically integrated and independent North American energy company helping to power the digital economy. The Company develops, builds, owns, and operates solar and battery energy storage systems that deliver reliable, resilient, and behind-the-meter power to the electricity grid, commercial and industrial clients, and municipal and residential off-takers. As AI and digital infrastructure drive unprecedented electricity demand, PowerBank is uniquely positioned to deliver the speed, scale, and energy independence that the next generation of power consumers requires, without waiting years for grid interconnection. The Company has a potential development pipeline of over one gigawatt and has developed energy projects with a combined capacity of over 100 megawatts built. To learn more about PowerBank, please visit www.powerbankcorp.com.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information ‎within the meaning of Canadian securities legislation (collectively, "forward-looking ‎statements") that relate to the Company's current expectations and views of future events. ‎Any statements that express, or involve discussions as to, expectations, beliefs, plans, ‎objectives, assumptions or future events or performance (often, but not always, through the ‎use of words or phrases such as "will likely result", "are expected to", "expects", "will ‎continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", ‎‎"projection", "strategy", "objective" and "outlook") are not historical facts and may be ‎forward-looking statements and may involve estimates, assumptions and uncertainties ‎which could cause actual results or outcomes to differ materially from those expressed in ‎such forward-looking statements. In particular and without limitation, this news release ‎contains forward-looking statements pertaining to the Company's expectations regarding its industry trends and overall market growth; the energy capacity of the Projects; the details of the Agreement and its benefits to PowerBank; potential revenues; and the size of the Company's development pipeline. No assurance ‎can be given that these expectations will prove to be correct and such forward-looking ‎statements included in this news release should not be unduly relied upon. These ‎statements speak only as of the date of this news release.‎

Forward-looking statements are based on certain assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties. In making the forward looking statements included in this news release, the Company has made various material assumptions, including but not limited to: obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; execution of definitive agreements for suitable solar or BESS sites; that power is available to be sufficient to support a modular data center; general business and economic conditions; the Company's ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; the Company's ability to attract and retain skilled staff; market competition; the products and services offered by the Company's competitors; that the Company's current good relationships with its service providers and other third parties will be maintained; and government subsidies and funding for renewable energy will continue as currently contemplated. Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and the Company cannot assure that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors should not place undue reliance on these forward-looking statements.

Whether actual results, performance or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under "Forward-‎Looking Statements" and "Risk ‎Factors" in the Company's most recently completed Annual Information Form, and other public filings of the Company, which include: the Company may be adversely affected by volatile solar power market and industry conditions; failure to execute definitive agreements for suitable solar or BESS sites; power availability may not be sufficient to support a modular data center; the execution of the Company's growth strategy depends upon the continued availability of third-party financing arrangements; the Company's future success depends partly on its ability to expand the pipeline of its energy business in several key markets; governments may revise, reduce or eliminate incentives and policy support schemes for solar and battery storage power; general global economic conditions may have an adverse impact on our operating performance and results of operations; the Company's project development and construction activities may not be successful; developing and operating solar Project exposes the Company to various risks; the Company faces a number of risks involving Power Purchase Agreements ("PPAs") and project-level financing arrangements; any changes to the laws, regulations and policies that the Company is subject to may present technical, regulatory and economic barriers to the purchase and use of solar power; the markets in which the Company competes are highly competitive and evolving quickly; an anti-circumvention investigation could adversely affect the Company by potentially raising the prices of key supplies for the construction of solar power projects; foreign exchange rate fluctuations; a change in the Company's effective tax rate can have a significant adverse impact on its business; seasonal variations in demand linked to construction cycles and weather conditions may influence the Company's results of operations; the Company may be unable to generate sufficient cash flows or have access to external financing; the Company may incur substantial additional indebtedness in the future; the Company is subject to risks from supply chain issues; risks related to inflation and tariffs; unexpected warranty expenses that may not be adequately covered by the Company's insurance policies; if the Company is unable to attract and retain key personnel, it may not be able to compete effectively in the renewable energy market; there are a limited number of purchasers of utility-scale quantities of electricity; compliance with environmental laws and regulations can be expensive; corporate responsibility may adversely impose additional costs; the future impact of any global pandemic on the Company is unknown at this time; the Company has limited insurance coverage; the Company will be reliant on information technology systems and may be subject to damaging cyberattacks; the Company may become subject to litigation; there is no guarantee on how the Company will use its available funds; the Company will continue to sell securities for cash to fund operations, capital expansion, mergers and acquisitions that will dilute the current shareholders; and future dilution as a result of financings.

The Company undertakes no obligation to update or revise any ‎forward-looking statements, whether as a result of new information, future events or ‎otherwise, except as may be required by law. New factors emerge from time to time, and it ‎is not possible for the Company to predict all of them, or assess the impact of each such ‎factor or the extent to which any factor, or combination of factors, may cause results to ‎differ materially from those contained in any forward-looking statement. Any forward-‎looking statements contained in this news release are expressly qualified in their entirety by ‎this cautionary statement.‎

SOURCE PowerBank Corporation

Tokenomics have become one of the most important factors investors evaluate before entering a crypto project.

While narratives and community enthusiasm can attract early attention, long-term performance often depends on how tokens are distributed, how ecosystems grow, and whether incentives remain aligned over time.

Projects such as Floki and Bonk demonstrated that strong community participation can support rapid ecosystem expansion during favorable market conditions.

Today, analysts are beginning to compare MemeToro ($MT) with those earlier models, not because the projects are identical, but because each places significant emphasis on broad community ownership and ecosystem development rather than concentrated insider allocations.

The comparison highlights how meme projects are continuing to evolve.

Floki and Bonk Took Different Paths to Growth Although both projects emerged from the memecoin sector, their strategies differed considerably.

Floki gradually expanded beyond its meme origins by building decentralized finance products, gaming initiatives, and additional ecosystem utilities. Its tokenomics also introduced ongoing deflation through token burns funded by ecosystem activity, while transaction taxes helped support marketing, liquidity, and continued development.

Bonk followed another approach.

Rather than concentrating ownership, the project distributed a significant portion of its supply directly across the Solana ecosystem through community airdrops. NFT holders, developers, liquidity providers, artists, and DAO participants all received meaningful allocations, helping establish broad community participation from the beginning.

Both projects demonstrated that distribution strategy can influence long-term ecosystem growth.

Why Tokenomics Matter More Than Ever Today’s investors pay much closer attention to allocation structures than they did during previous market cycles.

Large insider holdings, aggressive unlock schedules, and concentrated ownership have become major warning signs after several high-profile token collapses. Community-focused distribution models are increasingly viewed as healthier foundations for long-term ecosystem development.

That shift explains why analysts continue evaluating token allocation before considering potential growth.

Strong tokenomics alone cannot guarantee success.

However, they can help create a healthier starting point by aligning incentives between developers, communities, and long-term participants.

MemeToro Takes a Community-First Approach MemeToro ($MT) has adopted a distribution model centered around public participation.

The project has a fixed maximum supply of 1.2 billion $MT, avoiding the extremely large token supplies commonly associated with many meme projects. Of that supply, 857,936,900 tokens (71%) are allocated directly to the public sale.

The remaining allocation supports ecosystem growth.

10% is reserved for centralized exchange liquidity, 7.56% funds marketing and strategic partnerships, 5% supports platform operations, 4.44% is dedicated to ecosystem rewards, and the core team retains only 2% for long-term development.

Many analysts view this structure as emphasizing community ownership while maintaining resources for future expansion.

Utility Extends Beyond Token Distribution Tokenomics represent only one part of the broader ecosystem.

MemeToro ($MT) combines artificial intelligence, SocialFi participation, behavioral finance, decentralized prediction markets, and automated memecoin creation within one platform. Instead of relying solely on community enthusiasm, the project attempts to create continuous user engagement through multiple products.

Its AI Agent continuously analyzes social conversations, market narratives, online trends, and cultural developments to identify emerging opportunities across crypto markets.

Those insights support an automated no-code memecoin creation engine that lowers technical barriers for users while encouraging ecosystem participation.

Prediction markets add another important layer.

Users can forecast outcomes across cryptocurrency, sports, entertainment, politics, and global events using both MemeToro ($MT) and BNB, while staking offers rewards of up to 35% APR.

Exploring MemeToro Memecoin Parameters and Safety Tools MemeToro implements several structural safeguards within its token engine to separate its deployment ecosystem from standard unverified blockchain launches. The underlying system emphasizes transparency, low-latency transaction processing, and user-facing analysis tools.

Permanent Liquidity Layers: Graduate your token to establish independent, permanent external trading pools automatically. Sustainable Developer Economics: Receive reward distributions based directly on community trading engagement and volume milestones. Reduced Front-Running Exploits: Stop malicious trading bots natively using automated platform-level smart contract scripts. Live Safety Diagnostics: Assess vital smart contract components instantly to avoid high-risk project interactions. The platform provides an informational environment through its news portal to assist newer market participants. These resources highlight key blockchain trends, offer comprehensive software instructions, and remind users that memecoin trading carries inherent downside risks.

Could MemeToro Surprise the Market? Some analysts believe projects combining balanced tokenomics with expanding utility may have stronger long-term positioning than ecosystems relying primarily on speculation.

That does not guarantee future performance.

However, broader community ownership, multiple participation channels, and continued ecosystem development provide several factors investors continue monitoring throughout the presale.

The project is currently progressing through Stage 3, where $27,284.54 has already been raised toward the round target of $80,644.11. The current presale price stands at $0.00171 per $MT.

As additional milestones are completed, investors will continue evaluating how effectively the platform executes its roadmap.

More Information on MemeToro ($MT) Presale Here:

Website: https://memetoro.com/

X: https://x.com/memetoro_mt

Telegram: https://t.me/memetoro_mt

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

LOS ANGELES, June 29, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Commvault Systems, Inc. (“Commvault” or “the Company”) (NASDAQ: CVLT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between April 29, 2025 and January 26, 2026, inclusive (the “Class Period”), are encouraged to contact the firm before July 17, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Commvault shared overwhelmingly positive statements about its ARR growth while knowing or recklessly disregarding the fact that its growth guidance failed to factor in important variables including the type of sale. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Commvault, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.        

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE:

 The Schall Law Firm

Companies are rapidly changing their minds that artificial intelligence can "do it all" by rehiring employees to propel their businesses forward, as investors fret over the longevity of the ongoing AI boom happening in the financial markets.

Automaker Ford is one of the latest companies to reverse course. It is reportedly re-employing hundreds of experienced human engineers to work on quality issues automated systems couldn't address. "Artificial intelligence is a fantastic tool, but it's only as good as the information you use to train it," Charles Poon, Ford's vice president of vehicle hardware engineering, told the media.

Other companies that have walked back their hiring plans to focus more on human capital include Commonwealth Bank of Australia and software giant IBM.

Last year, CBA laid off more than 40 customer service staff and replaced them with an AI voice bot. However, the AI system was unable to cope, which led to an increase in calls, prompting CBA to reverse the job cuts. "Getting CBA to rescind these job cuts is a massive win," Australia's finance sector union said in a statement.

According to an ABC report in August last year, CBA admitted it "did not adequately consider all relevant business considerations" when announcing the redundancies and acknowledged "we should have been more thorough in our assessment of the roles required".

Similarly, IBM replaced its HR functions with AI that handled around 94% of routine requests but was unable to meet the other 6%, which included ethical dilemmas. IBM then announced plans to triple its U.S. entry-level hiring across all business units in 2026.

"If we don't continue to invest in entry-level hires, what happens in 3–5 years?," IBM chief human resources officer Nickle LaMoreaux said at a Charter AI Summit in New York. "There's no pipeline; the well simply dries up," LaMoreaux added.

These examples echo views presented by analysts that making employees redundant while using more AI may not necessarily offer the best route to business growth.

"Budgeting on 'tech to replace humans' without investing in training or upskilling left teams unprepared to leverage AI," according to a report by Intuition Labs. "Notably, among companies pushing automation, many later 'regretted' layoffs, having cut the very people needed to oversee AI," it added.

According to a report by Orgvue, 39% of business leaders made employees redundant due to AI deployment. However, among that number, 55% admit wrong decisions about those redundancies were made.

"Where AI outputs are inconsistent, inaccurate, or difficult to apply, companies often need to reintroduce human oversight," said Jessica Zhang, senior vice president of APAC at HR solutions provider ADP. "This can lead to duplicated effort, slower decision-making, and diminished productivity gains," Zhang added.

Meanwhile, 32% of U.S. hiring managers said they eliminated a role primarily due to AI and later rehired for the same or a similar position, according to data from Robert Half sent to CNBC.

"AI is changing the workplace, but it's becoming clear that organizations are finding more value in building human-AI collaboration versus replacing human work entirely," Capitol Technology University noted.

LOS ANGELES, June 29, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Graphic Packaging Holding Company (“Graphic Packaging” or “the Company”) (NYSE: GPK) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between February 4, 2025 and February 2, 2026, inclusive (the “Class Period”), are encouraged to contact the firm before July 6, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Graphic Packaging suffered from inventory management problems, increased costs and reduced demand. The Company downplayed the severity of these issues despite the fact they would have a material impact on its financial performance. The Company overstated the strength of its business model. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Graphic Packaging, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.        

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE:

 The Schall Law Firm

LOS ANGELES, June 29, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against FS KKR Capital Corp. (“FSK” or “the Company”) (NYSE: FSK) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between May 8, 2024 and February 25, 2026, inclusive (the “Class Period”), are encouraged to contact the firm before July 3, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. FSK misled investors about the effectiveness of its portfolio restructuring activities. The Company overvalued its portfolio and overstated its portfolio valuation process. The Company overstated the strength of its quarterly dividend program. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about FSK, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.        

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE:

 The Schall Law Firm

LOS ANGELES, June 29, 2026 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Badger Meter, Inc. (“Badger” or “the Company”) (NYSE: BMI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between April 18, 2024 and April 16, 2026, inclusive (the “Class Period”), are encouraged to contact the firm before August 3, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Badger Meter claimed its financial performance was based on “secular growth drivers,” and “solid operating execution.” The Company touted “strong” demand and a “long runway” for growth. In truth, the Company’s performance was partially based on pulling forward customer orders to recognize revenue early. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Badger Meter, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.        

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE:

 The Schall Law Firm

US President Donald Trump’s cryptocurrency ventures generated more income for him in 2025 than his real estate and resort businesses, according to his latest financial disclosures. 

Donald Trump’s annual financial disclosure report was released by the US Office of Government Ethics on Tuesday, revealing more than $1.4 billion in income from crypto-related ventures last year. 

The filings show Trump has profited substantially from an industry that he’s simultaneously regulating, which critics say creates a conflict of interest. In 2025, his administration pushed pro-crypto policy, a friendlier regulatory environment and executive orders favorable to digital assets, while his family’s ventures generated vast income as crypto markets surged to an all-time high. 

In a statement to the media, White House Deputy Press Secretary Anna Kelly said Trump had “proudly made the United States the crypto capital of the world."

"Neither the President nor his family has ever engaged — or will ever engage — in conflicts of interest," she added.

Memecoins and WLFI top earners According to the 927-page disclosure, the licensing and sale of memecoins such as Trump Coin (TRUMP) generated the most income for Trump, with about $635 million coming from “royalties” in a “license agreement with Celebration Coins.”

Meanwhile, the Trump family’s DeFi platform, World Liberty Financial, was the second-biggest earner, generating about $588 million from “proceeds from token sales.” 

The disclosure also revealed that Trump earned $197 million from selling equity in a stablecoin venture.

Trump’s memecoin income disclosures. Source: US OGE

This combined crypto income dwarfs the second category, real estate and resorts, with the president reporting more than $290 million in income related to revenue from his Mar-a-Lago Club in Palm Beach, Florida, and various golf clubs and resorts he owns. 

The filing also shows Trump owns more than $50 million of Bitcoin (BTC) and between $5 million and $25 million in Ether (ETH) stored in cold wallets, along with USDC (USDC) and USD Key (KEY).

Source: Galaxy Digital

Public Citizen calls for action  The Trump Organization said in a statement that “the breadth and depth of this filing further underscores our ​commitment to transparency,” according to Reuters. 

“At nearly 1,000 pages, it represents one of the most comprehensive financial disclosure reports ever submitted and demonstrates ​a level of financial ⁠transparency unmatched in presidential history.”Public Citizen, a nonprofit consumer advocacy group, called it an “obscene crypto grift” in a statement on Tuesday,

“Trump’s personal profit interest has now aligned him with the crypto industry, paving the way for dangerous legislation that will facilitate mass rip-offs and even threaten financial system stability,” said Public Citizen co-president Robert Weissman as he called on Congress to take action.

Magazine: Bitcoin slides to $58K, XRP hits $1 but onchain data promising: Market Moves

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

 San Antonio Tops List, Sun Belt Represents Half of the Ranked Cities

, /PRNewswire/ -- GoDaddy (NYSE: GDDY) today revealed its 2026 list of America's Most Entrepreneurial Cities, with San Antonio, Texas, claiming the top spot. For the first time since launching the annual list, GoDaddy partnered with Zillow (Nasdaq: Z, ZG) to spotlight housing data for each market.

The rankings reveal a continued shift: small business growth isn't concentrated in a handful of expected hubs. It's taking hold in cities of every size, from major metros to places that rarely make these lists. Building on last year's finding that size doesn't determine entrepreneurial success, the 2026 data shows that pattern deepening, with an even more geographically diverse mix rising to prominence. Factors driving entrepreneurship often include real estate costs, talent migration, tax incentives, and remote work flexibility.

"The footprint of American entrepreneurship is shifting deeper into non-traditional places," said Alexandra Rosen, GoDaddy's small business economist. "The idea that you need to be in a major coastal city to build something has evolved. Whether it's a traditional storefront with a digital presence or an online side hustle, entrepreneurs are sustaining momentum and showing there's growing opportunity in every part of the country."

What Zillow's Housing Insights Say About the Most Entrepreneurial Cities
The GoDaddy Small Business Research Lab created the 2026 list by determining the cities with the highest rate of business growth during the previous calendar year.

Zillow's data, including this year's home values, rent prices, and Market Heat Index, adds housing-market context for each breakout hub. For every Most Entrepreneurial City, Zillow details whether home values and rents sit above or below national averages, and whether a market favors buyers or sellers via the Market Heat Index.

"A thriving local economy and a thriving housing market tend to go hand in hand," says Zillow Chief Economist Mischa Fisher, "When housing is attainable and plentiful, entrepreneurs feel more confident putting down roots and businesses find it easier to attract and keep talent. The pandemic fundamentally changed where people want to live and work, and new energy flowed to markets outside of the traditional hotspots. The map of economic opportunity has been redrawn along with it."

Most Entrepreneurial
Cities Rankings

GoDaddy Small
Business Research Lab
Data

Zillow Housing Market Data*

Rank

City

Growth
Year
Over
Year

Number of
new
businesses
created

Typical Home
Value
National
Avg:
$366,712

Typical Rent
National
Avg: $1,930

Market Heat Index

1

San Antonio, TX

11 %

9,232

$278,644

$1,398

50 – Neutral Market

2

Miami, FL

8 %

36,565

$472,249

$2,683

38 – Buyer's Market

3

Milwaukee, WI

8 %

2,816

$382,830

$1,540

85 – Strong Seller's Market

4

El Paso, TX

6 %

1,029

$231,010

$1,471

54 – Neutral Market

5

Portland, OR

5 %

4,399

$547,023

$1,789

67 – Seller's Market

6

Fresno, CA

4 %

757

$408,560

$1,998

59 – Seller's Market

7

Bronx, NY

4 %

1,073

$717,750

$3,406

77 – Strong Seller's Market

8

Tampa, FL

4 %

3,798

$357,226

$1,997

45 – Neutral Market

9

Albuquerque, NM

3 %

1,277

$349,292

$1,485

60 – Seller's Market

10

Washington, DC

3 %

2,590

$579,216

$2,375

67 – Seller's Market

*Zillow data provides insight into the housing market trends for these cities, however it did not factor into the rankings of the cities. The Most Entrepreneurial Cities list was determined by GoDaddy Small Business Research Lab data.

Key Findings and Market Trends

San Antonio Emerges as the Nation's Top Entrepreneurial Hub
San Antonio's first-place ranking shows strong momentum and the highest rate of small business growth at 11% year over year. For every small business added in the San Antonio area, five new jobs are created, driving economic benefits for the surrounding community. Zillow data shows the city maintains a highly stable housing foundation, featuring a balanced Market Heat Index score of 50, representing a neutral housing market, favoring neither buyers nor sellers, with below-average home and rent values.

The Great Migration South: Founders Planting Roots in the Sun Belt
Texas, Florida, and New Mexico accounted for half of the cities on the list, underscoring continued entrepreneurial momentum across the Sun Belt. This region attracts founders with financial incentives, including no state personal income taxes in Florida and Texas. Past research has found that migration from other states and countries drives higher rates of new small businesses in the area. Zillow data, however, reveals founders across these two states are navigating very different housing environments. San Antonio, El Paso, and Albuquerque are below the national average for home values, making cost of living more affordable, while Miami and Tampa are above the national average for rent.

One small business founder in Miami, Florida, Anik Sahai, co-founder of Ethics Lab with Michael Gomez, a youth-focused organization shaping conversations around AI ethics, shared what he appreciates about this region. "South Florida's entrepreneurial ecosystem is built on a culture of collaboration and forward-looking innovation. For young builders, it provides a unique environment where you can connect across industries, find mentorship, and turn complex, real-world problems into scalable AI solutions. It is an incredible place to build."

The Surprising Standouts
Some cities in the top 10 demand a second look. Washington, D.C. - a city synonymous with big government - earned a top 10 spot on the strength of new business formations, while in New York it's the Bronx, not Manhattan, leading the way. Zillow's data shows the trend spans every kind of housing market, underscoring that there's no wrong place to start a business.

To learn more about the 2026 Most Entrepreneurial Cities, including additional city data, comprehensive interactive maps, Zillow housing insights, or to get more information on GoDaddy's Small Business Research Lab, visit godaddy/research.

About GoDaddy
GoDaddy, the world's largest domain name registrar, helps millions of entrepreneurs globally start, grow, and scale their businesses. People come to GoDaddy to name their idea, build a website and logo, sell their products and services and accept payments. GoDaddy Airo®, the company's AI-powered experience, makes growing a small business faster and easier by helping them to get their idea online in minutes, drive traffic and boost sales. GoDaddy's expert guides are available 24/7 to provide assistance. To learn more about the company, visit www.GoDaddy.com.

About GoDaddy Small Business Research Lab
The GoDaddy Small Business Research Lab analyzes more than 20 million online businesses with a digital presence, defined by a unique domain and active website. Most of these businesses employ fewer than ten people, classifying them as microbusinesses. Since 2019, the program has surveyed more than 70,000 entrepreneurs, making it a leading source of data and insights on microbusiness trends. To learn more, visit godaddy/research.

About Zillow Group

Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more and more people.

As the most visited real estate app and website in the United States, Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions. With industry-leading tools and resources, Zillow supercharges real estate professionals so they can grow their businesses and deliver exceptional client experiences. For renters and housing providers, Zillow offers not only a robust marketplace but a set of end-to-end products and services to streamline applications, leases, payments and more.

Zillow's ecosystem spans the entire home journey — from dreaming and shopping to renting, buying, selling and financing.

Zillow Group's affiliates, subsidiaries and brands include Zillow®, Zillow Premier Agent®, Zillow Home Loans®, Zillow Rentals®, Zillow® New Construction, Trulia®, StreetEasy®, Out East®, HotPads®, Follow Up Boss®, ShowingTime®, dotloop® and Zillow® Closing.

All marks herein are owned by MFTB Holdco, Inc., a Zillow affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS #10287 (http://www.nmlsconsumeraccess.org/). © 2026 MFTB Holdco, Inc., a Zillow affiliate.

Source: GoDaddy Inc.

SOURCE GoDaddy Inc.

NEW YORK--(BUSINESS WIRE)--KKR, a leading global investment firm, today announced that KKR has agreed to acquire the operations and assets of EDF power solutions in the United States (EDF power solutions Inc.) and Canada (EDF power solutions Canada Inc.) from EDF group, one of the world's largest power producers. This transaction values the equity interest in EDF power solutions Inc. and EDF power solutions Canada Inc. at approximately $4.2 billion, with potential additional payments of up to $.

Bittensor cut its emissions in half in December, and roughly 70% of the supply is locked in staking. The supply side looks tight, but a halving only moves price if demand shows up to meet it.

Summary

Bittensor (TAO) ran its first halving on Dec. 12, 2025, cutting daily emissions from 7,200 to 3,600 TAO against a fixed 21 million cap, the same hard-cap design Bitcoin uses. TAO trades near $250 as of late June 2026, roughly 65% below its early-2024 record near $757, ranked around #27 to #37 with a market cap close to $3 billion and only about 11 million tokens in circulation. The bull case rests on a tightening float: with around 70% of supply staked for roughly 10% yield, the halved emissions slowly thin out sell-side pressure, which can lift price if demand holds or grows. The bear case is that a halving is a supply event the market already knew about, and TAO’s real problem is proving its subnets capture lasting value instead of riding AI-narrative momentum that fades. Analyst forecasts for 2026 run wide, from Gate near a $236 average to Coinpedia eyeing a $500 reclaim, with the outcome hinging on subnet revenue, ETF flows, and the broader AI trade more than on the halving alone. Bittensor’s first halving is already in the past. It happened on Dec. 12, 2025, and the daily issuance of TAO dropped from 7,200 tokens to 3,600 overnight. So the live question for 2026 is not whether the halving will happen. It is what a halving actually does to a token whose price sits 65% below its record, whose technical picture is bearish, and whose deeper story is still unproven. The supply math is real. Whether it matters depends on demand, and that is the harder part of the forecast.

This piece walks through how the Bittensor halving works, why a supply cut takes months to filter into the market, the demand-side question the halving does not answer, what the charts say at current levels, the institutional wildcard around a possible spot ETF, and where analysts think TAO could trade in 2026. It closes with bull, base, and bear scenarios and a short FAQ.

How the Bittensor halving actually works Bittensor is an open marketplace for machine intelligence. Models, compute, and data compete inside specialized markets called subnets, and the network scores their output through a mechanism known as Yuma Consensus.

TAO is the settlement token that pays for useful work and secures the network through staking. The protocol was started in 2019 by AI researchers Ala Shaabana and Jacob Steeves, and its token design borrows directly from Bitcoin: a fixed cap of 21 million coins and a halving schedule that cuts new issuance over time.

The December 2025 halving was the first of these events. Daily emissions fell from 7,200 TAO to 3,600. In plain terms, the network now mints half as much new TAO each day as it did before. Miners and validators who earn TAO for their contributions receive a smaller flow of new tokens, which over time means less fresh supply hitting the market. The mechanism is the same logic that underpins Bitcoin halvings, where reduced issuance has historically preceded periods of price strength, though the cause and effect is never as clean as the charts make it look in hindsight.

The key difference between a halving in theory and a halving in practice is timing. Issuance dropped instantly on the halving date, but the effect on circulating supply is gradual. The tokens already in circulation do not disappear, and the slower drip of new supply only changes the balance of buyers and sellers over weeks and months, not in a single candle. That is why the halving is better understood as a structural shift in the background rather than a switch that flips price higher on the day.

Why the supply cut takes months to bite The most important number for the supply thesis is not the emission rate. It is how much TAO is locked away and cannot be sold. Roughly 70% of the circulating supply is staked by validators and delegators, who earn an annual yield in the region of 10% for securing the network. Staked tokens are not idle, but they are also not sitting on exchange order books waiting to be dumped. That combination, halved emissions plus a high staking ratio, is what makes the Bittensor float look unusually thin compared with most tokens of similar size.

Here is the chain of logic the bulls lean on. New supply has been cut in half. A large majority of existing supply is staked and earning yield, so holders are paid to keep it locked. If demand for TAO stays flat or rises while the liquid, sellable float shrinks, the price pressure shifts upward over time. This is the classic supply-shock argument, and on paper it is coherent. With only about 11 million of the 21 million cap in circulation and most of that staked, the genuinely tradable supply is a fraction of the headline number.

The honest caveat is that supply shocks are slow and conditional. The phrase doing the heavy lifting is “if demand stays flat or rises.” Reduced emissions cannot lift a price by themselves if buyers walk away faster than sellers do. Through the first half of 2026, that is roughly what happened: TAO slid toward $200 in early June before rebounding, even though the halving was months in the rearview mirror. The supply setup was already in place, and it did not stop the drawdown. The lesson is that the halving loads the spring, but something on the demand side has to pull the trigger.

The demand side the halving does not solve This is the part of the forecast that actually decides where TAO goes, and it has nothing to do with the halving. Bittensor’s value depends on whether its subnets capture real, durable economic demand for machine intelligence, or whether TAO is mostly a high-beta proxy for AI enthusiasm that rises and falls with the narrative.

There is a real case to make. The subnet ecosystem has expanded past 120 active markets, each handling a specialized task such as inference, compute, data, or prediction. The network reported around $43 million in Q1 2026 revenue from AI services, which is a concrete sign that money is moving through the system instead of just speculation.

The Dynamic TAO, or dTAO, upgrade lets subnets allocate emissions based on real demand instead of fixed rewards, which is meant to price intelligence by the market and push Bittensor from a research project toward actual economic activity. The ambition is large: to be the settlement layer for intelligence itself, the place where models, compute, data, and incentives meet in one market.

The bear reading is that this is still unproven, and the network has shown it can break. In April 2026, a high-profile subnet exit triggered a roughly 25% price drop, exposing how much concentration and governance fragility sit underneath the optimistic story. The market punished the weak decentralization signal fast.

The deeper worry is value capture: even if subnets generate revenue, it is not yet clear how much of that value flows back to the TAO token itself rather than to the subnet operators or token holders downstream. An AI token can have busy subnets and still struggle to translate that activity into sustained token demand.

When AI excitement runs hot across the market, TAO tends to jump, and when attention rotates elsewhere, it tends to fade. That correlation is the bear case in one sentence: if TAO is mostly AI-hype beta, the halving will not save it.

NEW: $TAO rallies 30% in 12 hours after Anthropic AI model suspension. The move highlights interest in decentralized AI alternatives like Bittensor pic.twitter.com/YrNJDKlks3

— crypto.news (@cryptodotnews) June 16, 2026 What the charts say right now At current levels near $250, TAO sits in a bearish-to-neutral technical posture. Through June, it traded below the cluster of 50-day, 100-day, and 200-day exponential moving averages sitting roughly between $256 and $270, which means the medium-term trend has been pointing down and that band overhead acts as resistance. Momentum readings have hovered in weak-to-neutral territory, with relative strength index values in the mid-30s to mid-50s depending on the day, not oversold enough to scream reversal and not strong enough to confirm one.

TAO daily price chart — June 30 | Source: crypto.news The levels traders watch are clear. On the downside, the $200 area has acted as a line in the sand through June, and a decisive break below it opens the door toward the February low near $163. On the upside, the first hurdle is reclaiming that $256 to $270 moving-average band, and above it the structure points toward $352 and then $396, the levels several analysts flag as the gateway to a larger move.

The longer-term chart frames the whole range: an accumulation floor around $160 to $200 and a distant ceiling near the $720 to $760 zone that produced the record in early 2024. TAO has cycled inside that channel before, finding demand at the lows and heavy profit-taking at the highs.

The takeaway from the charts is that TAO is not in a breakdown, but it is not in an uptrend either. It needs to reclaim its moving averages before the supply thesis gets any technical confirmation, and until it does, the halving narrative is a fundamental tailwind fighting a bearish trend.

The institutional wildcard The most underpriced catalyst in the TAO forecast may be the one that has nothing to do with the chart. Grayscale filed an S-1 for a Bittensor trust on Dec. 30, 2025, and its Grayscale Bittensor Trust is already live over the counter, giving accredited investors a regulated wrapper for TAO exposure. Bitwise has also filed for a spot TAO product, with a U.S. regulatory decision expected around August 2026. The exact timing is not guaranteed, and approval is not certain, but the direction of travel matters.

The reason this is a wildcard rather than a sure thing is the corridor it opens. Once an asset is treated as ETF-eligible, it stops being dismissed as a pure speculation and starts being treated as infrastructure exposure that funds can hold without touching spot crypto directly. Bitcoin went through this in its earlier institutional phase, and Ethereum followed.

TAO is now entering the same corridor as the leading decentralized-AI asset. Anticipation alone can move price, because spot buyers tend to position early when future access looks credible.

There is a broader narrative tailwind too. When confidence in centralized AI wobbles, capital has flowed toward decentralized alternatives, and one such episode pushed an estimated $2.87 billion into AI crypto tokens inside a single week. TAO is the default beneficiary of that rotation given its position as the category leader by market cap. The flip side is that this same dependence on the AI narrative is exactly the fragility the bears point to: flows that arrive on a narrative can leave on one too.

What analysts forecast for TAO in 2026 Forecasts for TAO in 2026 span an enormous range, which is itself the honest signal: the outcome depends on variables no model can pin down. The figures below are third-party projections, presented as a spread of views, not as targets this publication endorses.

On the cautious end, Gate’s model centers 2026 around an average near $236, with a projected low close to $130 and a high around $318, essentially expecting TAO to hold near current levels with wide swings. Coindataflow’s experimental forecast sits in a similar low band, with a 2026 high near $281. In the middle and higher, Changelly’s analysis points to a 2026 range of roughly $388 to $472 with an average near $402, while Cryptopolitan’s technical read frames a $134 to $570 band with an average around $475.

Coinpedia takes a more constructive technical view, arguing that if TAO clears resistance at $352 and $396 in the 1st half of the year, the path opens toward a $500 reclaim. Looking further out, long-term projections from several of these firms cluster in a $900 to $3,000 range for 2030, premised on decentralized AI demand expanding and TAO holding its category lead.

The width of that spread, from a low near $130 to highs above $570 in the same year, is not a failure of analysis. It is an accurate reflection of how much hinges on whether subnet demand compounds, whether an ETF arrives, and whether the AI trade stays in favor. The halving sets the supply backdrop. These other forces decide the magnitude.

How the Bittensor halving compares with Bitcoin’s The halving thesis borrows its emotional weight from Bitcoin, where four-year supply cuts have lined up with major bull runs. The comparison is useful, but it breaks down in ways that matter for the forecast. Bitcoin’s halving reduces the new supply paid to miners who secure a settlement network whose demand driver is, broadly, monetary: people want to hold Bitcoin as a store of value.

Bittensor’s halving reduces the new supply paid to miners and validators who produce and verify machine intelligence, and TAO’s demand driver is supposed to be usage of that intelligence through subnets. Those are different engines.

The practical consequence is that a Bittensor halving cannot lean on the same reflexive narrative. Bitcoin’s halvings work partly because a huge population of holders believes they work, which makes the belief partly self-fulfilling. TAO does not yet have that scale of conviction, and its price has shown it: the token fell after the December halving instead of rallying on it, because the AI-token market cared more about subnet performance and the broader risk environment than about a supply chart. The halving is real and structurally helpful, but anyone modeling TAO on a clean Bitcoin-style post-halving curve is importing an assumption the data has not yet earned.

There is also a proportionality difference. Bitcoin’s reduced issuance is a small fraction of its already-large circulating supply, so the supply effect is gradual while the narrative effect is immediate.

For TAO, the emission cut is proportionally larger against a much smaller circulating base, which should make the mechanical supply effect more potent over time, yet the narrative effect is weaker because fewer participants treat the halving as gospel. The net is a token where the fundamentals of the halving may matter more than they do for Bitcoin, while the storytelling matters less.

The deeper design point sits underneath all of this. Bittensor was built by Ala Shaabana and Jacob Steeves in 2019 around Yuma Consensus, the mechanism that scores and rewards useful machine-intelligence work. That design is what lets the network claim it pays for output instead of raw hardware uptime, and it is the foundation of the value-capture argument. The halving sharpens the supply side of that design, but it does not resolve whether the scoring turns into durable token demand, which remains the open question the price keeps asking.

What to watch through the rest of 2026 For readers tracking TAO instead of chasing headlines, a short list of signals will reveal which scenario is unfolding well before the price confirms it. The first is subnet revenue: the roughly $43 million reported for the first quarter is the number to watch for growth, because rising real revenue is the strongest evidence that the value-capture story is working instead of stalling. The Second is the moving-average band between $256 and $270; reclaiming and holding above it would be the first technical sign the bearish trend has turned.

The third is the ETF timeline, with a U.S. decision expected around August 2026. An approval, or even rising odds of one, would open the institutional corridor the bull case needs, while a denial or a delay removes a catalyst the market has started to anticipate.

The fourth is governance stability: after the April subnet exit that triggered a 25% drop, any repeat of concentration or governance trouble would confirm the fragility the bears emphasize and could undo months of recovery in days. The fifth is the health of the broader AI trade, since TAO has behaved as a high-beta proxy for AI sentiment, and a rotation out of AI tokens would pressure it regardless of its own progress.

Watched together, these five tell a more reliable story than any single price target. If subnet revenue climbs, the moving averages flip, and the ETF path advances, the supply setup from the halving finally has demand to work with, and the bull case gains real footing. If revenue stalls, governance wobbles, and the AI trade cools, the thin float will amplify the downside instead of cushioning it. The halving set the stage in December. These signals decide whether anyone shows up to use it.

Bull, base, and bear scenarios for TAO The scenarios below combine the supply setup with the demand and institutional variables that actually drive the outcome. They are illustrative ranges built from the third-party forecasts above and current market structure, not guarantees.

Bull case In the bull scenario, the halving thesis works as designed and demand shows up to meet the tightening float. Subnet revenue keeps climbing from the $43 million Q1 pace, dTAO routes emissions toward markets with real usage, and the value-capture question starts to resolve in TAO’s favor. A spot ETF decision lands favorably or looks likely, pulling regulated capital into a thin float where roughly 70% of supply is staked and out of reach. TAO reclaims the $256 to $270 moving-average band, breaks $352 and $396, and runs toward the $500 area that Coinpedia and others flag, with the more aggressive long-term models pointing higher into 2027 if the AI trade stays hot. This case depends on the AI narrative staying strong and the network avoiding another governance shock.

Base case In the base scenario, the halving slowly does its quiet work but no single catalyst fires hard. Subnet activity grows unevenly, the ETF path advances but without a clean approval inside 2026, and the AI trade runs warm instead of euphoric. TAO spends the year chopping inside its broad trading channel, roughly between the $200 floor and the low-$400s, with the average landing near the $236 to $402 zone that the Gate and Changelly models bracket. The thin float keeps downside contained on dips, but the unproven value-capture story caps rallies. This is the “constructive but unconfirmed” outcome where the supply setup helps at the margin without overpowering a cautious market.

Bear case In the bear scenario, the halving is revealed as a supply event the market already priced, and TAO behaves as AI-hype beta. The value-capture question stays unanswered, another subnet exit or governance dispute dents confidence the way April’s did, and the broader AI trade rotates out. TAO loses the $200 floor and slides toward the February low near $163 or lower, with the bearish low-end forecasts near $130 coming into view. In this case, the staking lockup offers little protection, because holders unwind positions when yield no longer offsets falling token value, and the thin float that amplifies rallies amplifies declines just as efficiently.

Frequently Asked Questions When was the Bittensor halving and what changed? The first Bittensor halving took place on Dec. 12, 2025. Daily TAO emissions were cut in half, from 7,200 tokens to 3,600. The network follows a Bitcoin-style design with a fixed 21 million supply cap, so issuance steps down over time. The supply effect is gradual, filtering into circulating supply over months instead of moving price on the halving date itself.

Does a halving guarantee TAO goes up? No. A halving reduces the rate of new supply, which can support price if demand holds or grows, but it cannot lift a token on its own. TAO slid toward $200 in the months after the December halving before rebounding, which shows that reduced emissions do not override weak demand or a bearish trend. The halving loads the supply side, but demand has to do the rest.

Why is roughly 70% of TAO staked, and why does it matter? Holders stake TAO to help secure the network through validators and delegators, and they earn an annual yield around 10% for doing so. Staked tokens are locked and not readily available to sell, which thins the liquid float. Combined with halved emissions, the high staking ratio is the core of the supply-shock argument, since it shrinks the genuinely sellable supply.

What is the biggest risk to the TAO forecast? The biggest risk is that TAO is valued mostly on AI-narrative momentum instead of durable demand for its subnets. The subnet ecosystem generates revenue, but how much value flows back to the TAO token is unproven, and a high-profile subnet exit in April 2026 triggered a roughly 25% drop. If the AI trade cools or governance fragility resurfaces, the supply setup will not protect the price.

Could a spot TAO ETF change the picture? Possibly. Grayscale’s Bittensor Trust is already live over the counter, Grayscale filed an S-1, and Bitwise has filed for a spot product, with a U.S. decision expected around August 2026. A favorable outcome would open a regulated channel for institutional capital into a thin float, which the bull case leans on. Approval and timing are not guaranteed, so it remains a catalyst to watch instead of a certainty.

Where do analysts think TAO could trade in 2026? Third-party forecasts span a wide range. Cautious models such as Gate center near a $236 average with a low around $130, while higher views from Changelly and Cryptopolitan point to averages around $400 to $475 and Coinpedia flags a possible $500 reclaim if key resistance breaks. Long-term 2030 projections from several firms cluster between $900 and $3,000. The spread reflects genuine uncertainty about subnet demand, ETF flows, and the AI trade.

Disclaimer: This article is for information purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency prices are highly volatile, and price predictions are speculative estimates that may not occur. Nothing here is a recommendation to buy or sell any asset. Always do your own research and consider consulting a licensed professional before making financial decisions. Figures are accurate as of June 30, 2026, and will change.

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

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President Donald Trump disclosed at least $1.4 billion in income tied to crypto during 2025, making digital assets the largest reported source of revenue across his business holdings.

The figures were included in a 927 page annual financial disclosure received by the US Office of Government Ethics on June 29. The report covers income generated through companies and trusts connected to Trump, though some entities also include ownership interests held by family members.

CIC Digital, an entity wholly owned by the Donald J. Trump Revocable Trust, reported about $635.1 million in royalties from a licensing agreement with Celebration Coins. The company also disclosed Bitcoin holdings valued above $50 million, along with Ethereum and USDC wallets valued between $5 million and $25 million each.

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CIC Digital reported an additional $510,808 in Ethereum staking rewards and $45,932 in interest from its USDC holdings. The entity manages licensing fees related to Trump branded nonfungible tokens and meme coins.

World Liberty Financial related holdings generated more than $592 million across token distributions and an equity sale, according to the filing. The disclosure included $236.3 million from token sales, $65.6 million from the sale of an interest in WLF Holdco and additional distributions paid through wallets holding Bitcoin, Ethereum, USDC and other tokens.

Trump also disclosed $196.9 million in proceeds from new capital contributions and the sale of units in Stablecoin Holdco. The stablecoin business generated a further $8.3 million in operating income and was valued between $5 million and $25 million in the filing.

The crypto income far exceeded revenue from Trump’s traditional properties. Mar-a-Lago generated about $77.5 million in resort revenue, while his golf club in Bedminster, New Jersey, reported $37.6 million.

The disclosure offers the most detailed account yet of how significantly Trump’s business interests have shifted toward digital assets. It also renews scrutiny of potential conflicts as his administration shapes policies affecting stablecoins, crypto markets and financial regulation.

Trump transferred several holdings into his revocable trust, of which he remains the sole beneficiary, rather than selling the assets or placing them in an independently managed blind trust. The Office of Government Ethics concluded that the filing complied with applicable disclosure laws and regulations.

The report comes as Bitcoin continues to show signs of weakness after weeks of declines, trading near $58,500 and close to its yearly low of about $58,000, while remaining more than 53% below its record high of roughly $126,200 reached last October.

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

Synopsis

President Trump's latest financial disclosures reveal over $1.4 billion in income from crypto ventures last year, a significant surge from previous filings. His companies reportedly earned nearly $800 million from World Liberty Financial, a crypto firm he co-founded, alongside $635 million from Trump meme coins. This highlights a dramatic shift in his financial portfolio, with traditional businesses also showing growth, particularly his golf resorts.

ET CONTRIBUTORSU.S. President Donald Trump reported more than $1.4 billion in income from his family's crypto ventures last year, showing how Trump now derives most of his income from digital assets that have benefited from his policies, according to a review of his latest financial disclosures on Tuesday. The filings, his annual disclosure for 2025 with the U.S. Office of Government Ethics, disclosed that his companies received almost $800 million from World Liberty Financial, a crypto venture he and his sons co-founded. That income, which the president splits with family members, included more than $520 million from sales of crypto tokens and more than $250 million from the ‌sale of interests in the ⁠World Liberty ⁠business.

Trump reported another $635 million from the sale of his Trump meme coins. The news underlines how crypto has transformed the president's fortunes. In his disclosure a year ago, for example, the president reported $57.35 million from token sales at World Liberty, which then leaped nine-fold in this year's filing. Reuters recently estimated the Trump family has made at least $2.3 billion from crypto-related projects since Trump returned to the White House in 2025.

On taking office, Trump began to put in place policies and initiatives that the industry saw as beneficial, from implementing federal rules for stablecoins to dialing back policing of the industry by the U.S. Justice Department and the Securities and Exchange Commission.

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For 2025, the president also reported over $80 million in income from settlements with various media companies and $52 million in income from his company licensing his name to overseas property developers, driven principally by deals with Middle Eastern partners.

White House spokesperson Anna Kelly said in a statement, "Neither the ⁠President nor ‌his family has ever engaged - or will ever engage - in conflicts of interest. President Trump proudly made the United States the crypto capital of the world through executive actions."

Kelly added: "All actions by President Trump and his administration are taken in the best interest of the American people - and any so-called 'reporters' pushing otherwise are recycling the ⁠same, tired, false narrative that Democrats and the legacy media have been pushing for a decade."

While the White House has previously said the president's business interests are currently overseen by his children, the president remains the beneficiary of the assets in the trust that ultimately receives the income.

NEW WEALTH DRIVEN BY CRYPTOAlthough crypto is by far the largest driver of income for Trump, his traditional businesses - in particular golf courses and resorts - continued to bring in millions.

Trump reported a 15% rise in revenue at his golf and resort facilities to just over $500 million in 2025. The strongest increases were at clubs where the president has spent considerable time since his 2025 inauguration.

Revenue at his Mar-a-Lago club in Florida, which Trump dubbed the Winter White House, soared to $77 million from $50 million in 2024, while revenue at his golf club in nearby West Palm Beach jumped 27%. Revenue fell at Trump's Los Angeles course last year. Trump hosted winners of his second annual meme coin contest at Mar-a-Lago in ‌April. Trump's income from his real estate interests - the business in which he made his name - had less spectacular growth. He reported income from a dozen significant commercial real estate ventures, mainly interests in buildings he built or acquired decades ago. The filing doesn't give specific rent figures for properties like Trump Tower in New York but rather income ranges. For most, the income range ⁠in 2025 was the same or lower than Trump reported a decade prior.

A spokesperson for the Trump family business, The Trump Organization, said in a statement that "the breadth and depth of this filing further underscores our commitment to transparency. At nearly 1,000 pages, it represents one of the most comprehensive financial disclosure reports ever submitted and demonstrates a level of financial transparency unmatched in presidential history."

A spokesperson for World Liberty Financial declined to comment.

Don Fox, a former acting head of the federal ethics office, which oversees ethics regulations for federal workers and reviews financial disclosures, including Trump's, said presidents and vice presidents are exempted from the ethics laws that prohibit conflicts of interest among executive branch employees.

"Every president in the post-Watergate era has managed his finances as though he were subject to conflicts of interest," said Fox. "With Trump, those norms are just totally out the window."

"He makes the case better than anyone that it's time for additional ethics reforms. I think in terms of legislation, one thing that could be done would be to limit the types of investments he and the vice president ... can hold."

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According to Donald Trump’s 2025 financial disclosure, the former US President’s income from cryptocurrency-linked ventures soared to approximately $646 million. The filings show that revenue from the Trump family’s digital asset activities outpaced other sources during a period marked by friendlier administration policies toward crypto. However, critics argue that this surge in income has reignited debates about potential conflicts of interest.

Crypto revenues take the leadOne of the most notable entries in the disclosure is World Liberty Financial, a decentralized finance (DeFi) platform operated by the Trump family, which generated about $588 million through token sales. DeFi platforms facilitate financial transactions on the blockchain without intermediaries—offering an alternative to traditional banking systems.

Glossary: DeFi refers to blockchain-based services delivering financial products without the need for traditional intermediaries, such as banks or brokers. A cold wallet is a type of storage method that keeps digital assets offline, enhancing security against online threats.

Trump’s crypto-related earnings surpassed even his well-known real estate and resort income. The disclosure listed more than $290 million in combined revenue from Florida’s Mar-a-Lago Club and various golf resorts and vacation properties.

Income SourceAmountTotal crypto-linked incomeApproximately $646 millionWorld Liberty Financial token salesApproximately $588 millionReal estate and resort incomeOver $290 millionWhite House Deputy Press Secretary Anna Kelly argued that Trump has positioned the US as a global crypto leader, insisting that neither the former president nor his family face any conflicts of interest and will continue to avoid such situations in the future.

Bitcoin and Ether holdings declaredThe disclosure also revealed that Trump holds more than $50 million in Bitcoin stored in cold wallets. In addition, he reported between $5 million and $25 million in Ether, along with declarations of USDC and USD Key assets.

Throughout 2025, the Trump administration gained attention for introducing more crypto-friendly regulatory frameworks, executive actions supporting digital assets, and policy choices favoring the sector. As a result, crypto markets reached all-time highs, further boosting revenues from the family’s digital ventures.

Criticism and responseThe Trump Organization defended the scope of the financial disclosure, stating it demonstrates a commitment to transparency. The company highlighted that the detailed nature of these documents serves to inform the public.

Robert Weissman, co-president of the advocacy group Public Citizen, contended that Trump’s personal financial interests are now closely tied to the crypto industry, warning that this could pave the way for regulations potentially harmful to consumers and financial stability.

Public Citizen, a nonprofit focused on consumer rights, issued a sharp critique of the earnings report. The organization has called on Congress to investigate potential conflicts of interest and take appropriate action if necessary.

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.

The Solana wallet is bringing on the three-person team behind a pre-IPO perpetuals platform, deepening its push into derivatives.

Phantom, the largest Solana wallet by market share, said the team behind Ventuals is joining the company this week, weeks after the Hyperliquid-based perpetuals venue shut down.

The hires are Ventuals co-founders Alvin Hsia and Emily Hsia, along with engineer Aris Samad, Phantom said in an announcement on its X account and a company blog post. The deal is not a purchase of the company or its product.

Ventuals wound down its onchain pre-IPO trading platform in mid-June, reporting more than $650 million in lifetime trading volume and over 500,000 HYPE raised across its run.

The move folds talent from one of Hyperliquid's earliest pre-IPO perpetuals builders into a consumer wallet that has been expanding aggressively into derivatives. Phantom added in-wallet perpetual futures, powered by Hyperliquid, in July 2025, and has since extended into equity and pre-IPO-style markets. Hiring the Ventuals founders gives Phantom people who built and operated their own markets on Hyperliquid.

HYPE, the token underpinning Hyperliquid, traded around $65, down about 2% over 24 hours, roughly in line with Bitcoin's 2.8% slide over the same period, and up about 6% over the past week, according to CoinGecko.

Phantom has not said what the Ventuals founders will build at the company or whether the hire signals a deeper move into pre-IPO or equity perpetuals.

A Team With Hyperliquid PedigreeVentuals described itself as the first onchain derivatives protocol for private, pre-IPO company valuations, with each market tracking a synthetic price rather than a claim on shares. Alvin Hsia was the company's chief executive and Emily Hsia its chief technology officer; both previously worked at Goldfinch and Airbnb, and earlier co-founded a project called Shadow.

The team built its markets through Hyperliquid's HIP-3 framework, which lets outside developers deploy and run their own perpetual-futures markets backed by a HYPE stake. Ventuals' flagship contracts let traders take leveraged positions on the valuations of OpenAI and Anthropic, neither of which is publicly traded. In the wind-down, those markets were frozen at their trailing 24-hour average prices and settled, and the team confirmed there would be no Ventuals token.

Phantom's Derivatives PushPhantom is the dominant wallet in the Solana ecosystem, with roughly 39% of Solana wallet market share and 15 million to 20 million monthly active users, and a $3 billion valuation set in a January 2025 Series C led by Sequoia Capital and Paradigm. The wallet has moved well beyond storage, adding swaps, staking, a prediction-market feature and, since mid-2025, perpetuals.

Phantom's perps product runs on Hyperliquid and surpassed $10 billion in cumulative trading volume within months of its July 2025 launch, the company has said. It has since added equity perpetuals deployed through HIP-3. The Ventuals founders' background in deploying and running such markets maps directly onto that roadmap, though Phantom did not detail the team's specific roles.

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

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

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Although Hyperliquid [HYPE] sits 15% below its $76k high recorded a week ago, the market still exhibits strong bullish pressure. In fact, the altcoin successfully held $60 and bounced back to a local high of $67 before slightly retracing. 

At press time, Hyperliquid traded around $65, up 4.58% on the daily charts. At the same time, the volume climbed 88%, reflecting heightened market activity. 

A whale offloads $5.18M in HYPE After HYPE rebounded from its recent slip to $60, some whales have turned to profit-taking. 

According to Lookonchain, a whale linked to a16z deposited 77,402 HYPE, worth $5.18 million, into OKX and Bybit. After previously accumulating HYPE aggressively, the whale now appears to be rotating into other assets.

Shortly after selling, Lookonchain reported that the whale purchased $782,000 worth of ETH, signaling a shift in preference toward Ethereum, which continues to trade well below its peak price. 

Market demand remains steady Although some whales are cashing out, the broader market remains optimistic. As a result, investors have continued to accumulate HYPE. 

Looking at the Exchange Activity, buyers still dominate the market. Over the past week, for example, Spot Netflow has remained negative, dropping 155% to -$32.8 million. 

Source: CoinGlass With Netflow holding negative for a sustained period, it suggests that investors are mostly bullish and continue to accumulate. Often, higher buying pressure strengthens the market, leading to more gains on the price charts. 

It’s important to note that retail traders largely drive the accumulation. A look at Spot Retail Activity shows that retailers have remained increasingly active.

Source: CryptoQuant Over the past week, the Spot Market saw ‘Too Many Retail’ orders for five days and only recorded ‘Few Retail’ orders on the last two days.

What’s next for HYPE? Retail investors continue to drive hyperliquid momentum, which is slightly bullish overall.

Source: TradingView With the ADX rising alongside the +DI, upside momentum currently holds the advantage. This suggests the indicator points toward continued upward movement. If momentum persists, Hyperliquid could retest the $70 level.

However, if reduced retail participation signals weaker activity, the $70 resistance may remain difficult to break, potentially leading the altcoin to drop back toward $60. 

Final Summary A whale deposited 77,402 HYPE, worth $5.18 million, into OKX and Bybit.  Hyperliquid market structure remains bullish, with retailer traders holding the market, seeking a move above $70. 

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

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

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

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