Micron oznámil tržby za 3. čtvrtletí fiskálního roku 2026 ve výši 41,5 miliardy USD a hrubou marži 84,9 %, tažené cenami HBM a NAND. Firma navíc uzavřela 16 strategických smluv na zhruba 100 miliard USD minimálních tržeb.
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Micron Technology (NASDAQ:MU | MU Price Prediction) at $949.83 looks compelling, and the rally still has room to run. Quarterly revenue jumped from $11.3 billion in Q4 2025 to $41.5 billion in Q3 2026, making memory the scarce commodity of the AI era. Micron is the only U.S.-based supplier.
Micron sells DRAM and NAND memory into cloud, mobile, automotive, and embedded markets. High Bandwidth Memory (HBM) sits alongside every AI accelerator shipped by NVIDIA (NASDAQ:NVDA) and AMD (NASDAQ:AMD), moving from a rounding error to the company’s most strategic revenue stream in under two years.
The move from $118.29 in early September 2025 to $949.83 reflects fundamental repricing. Earnings, margins, and forward guidance have all reset higher in lockstep.
An HBM Franchise That Prices Like a Monopoly
Micron’s Q3 FY26 non-GAAP gross margin hit 84.9%, more than double year-ago levels, driven by HBM pricing and NAND increases in the mid-80s percentage range sequentially. Management has signed 16 Strategic Customer Agreements covering roughly $100 billion of minimum committed revenue, with about $22 billion in cash deposits and letters of credit backing them.
CEO Sanjay Mehrotra said “the gross margins at the floor will be well beyond the peaks that we experienced” in past cycles, meaning even a downturn should clear prior peak profitability. Q4 FY26 guidance calls for $50 billion in revenue and $31 in non-GAAP EPS, leaving the stock near 6x forward earnings.
Insider Selling and Cyclical Risk
The bear case starts with insider behavior. CEO Mehrotra executed 122 separate sell transactions across three months, and CPO April Arnzen sold 35,364 shares at $1,077 to $1,096. No insiders bought.
Citi cut its price target to $1,150 from $1,400 on August 7, arguing memory prices peak in 2027, and SK Hynix announced a $38 billion fab expansion will add competing HBM capacity. Memory is cyclical, and $7.8 billion in quarterly capex assumes AI demand keeps compounding.
Why Patience Has a Real Cost
A Hold case rests on tension between record fundamentals and heavy insider distribution near the top. The stock has returned 665.57% over one year, and pullbacks of 20% or more have been routine. Waiting for the next reset is defensible.
The cost is watching a company under multi-year take-or-pay contracts continue to compound. Watch HBM4E qualification milestones, quarterly SCA disclosures, and any sign that memory pricing rolls over.
What the Data Says
Micron trades at $949.83 with a market cap near $1.03 trillion, a trailing P/E of 20, and a forward P/E of 6. The consensus analyst price target sits at $1,501.98, implying meaningful upside.
Coverage tilts decisively bullish, with 40 Buy ratings, 5 Hold, and zero Sell. Year to date Micron is up 233% against a much smaller gain for the S&P 500, and the beat streak has reached seven consecutive quarters.
Why The Bull Case Holds At $949.83
At $949.83, the bull case remains intact. The path to further appreciation runs through the September earnings report, where guidance of $50 billion in revenue and $31 EPS would annualize to more than $120 in earnings power, leaving forward multiples in the mid-single digits.
Strategic Customer Agreements de-risk the traditional memory bust by locking floor pricing above prior peak margins across roughly half of expected revenue. This structural change separates this cycle from every prior one and is not yet reflected at 6x forward earnings.
The thesis breaks if HBM pricing cracks meaningfully before 2027, if lead customer concentration on HBM4 turns into share loss, or if capex overshoots demand. Watch pricing commentary quarter to quarter and whether SCA coverage grows toward the targeted 50% of revenue.
Memory is now a strategic asset. Micron owns the U.S. supply, and the market is pricing the stock like a commodity cyclical, which is why the current level still looks reasonable on the fundamentals.
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Honeywell hlásí silné červencové objednávky a širokou poptávku napříč regiony, což podpořilo zvýšení výhledu. Pro rok 2027 cílí na zhruba 15% růst EPS.
Vertical Aerospace: Pre-Flight Checks Point to a BreakoutHoneywell International NASDAQ: HON CFO Mike Stepniak said the company is off to a strong start following its portfolio transformation, citing favorable July order trends, broad regional demand and improving prospects for the second half of the year and into 2027.
Speaking at a Deutsche Bank conference, Stepniak said Honeywell has set three-year targets of 4% to 6% revenue growth, double-digit earnings-per-share growth toward $12 in 2029, margin expansion and free-cash-flow conversion above 90%.
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Brady Corp Wires Up a Massive AI-Powered Breakout“We’re off to a good start,” Stepniak said, adding that order activity has supported the company’s decision to raise guidance. He said the company has included contingency in its growth framework for potential demand disruptions, inflation and pricing variability.
Orders Strengthen Across Regions and Cycles
Stepniak said demand has been broad-based geographically, with North America particularly strong and Europe no longer presenting the headwind it had been in prior years. China remains pressured but is performing adequately, while the Middle East and other Asian markets have been strong, he said.
Boarding Passes Now Being Issued for the Ultimate eVTOL ArbitrageHoneywell is seeing both short-cycle growth and long-cycle demand, according to Stepniak. He pointed to improving backlog conversion in the process business and new demand tied to supply-chain resilience, security concerns and rebuilding activity in the Middle East.
The company expects second-half revenue growth of 4% to 6%, with Stepniak saying he hopes results will trend toward the upper end of that range. He also said Honeywell expects more pronounced margin expansion in the near term as it works through stranded costs associated with its portfolio changes.
For 2027, Stepniak said the company sees a favorable setup from improving order trends, lower stranded costs and a supportive macroeconomic backdrop. He said Honeywell is targeting roughly 15% EPS growth next year as part of its path toward its 2029 earnings objective.
Software, AI and New Product Development
Honeywell is targeting 45% of revenue from software and services over time, with its Forge platform central to that effort. Stepniak said the company connected more assets through Forge last year than in the preceding five years combined.
Honeywell currently has about 5 million connected assets and expects that total to reach about 9 million over the next 2.5 years, he said. The connections create opportunities to provide customer solutions and develop data-driven offerings. Stepniak tied that effort to a target of 15% annual revenue growth in software spending.
The company is also applying artificial intelligence internally and within Forge. Stepniak said Honeywell is using AI tools in engineering for drafting, drawing retrieval and proposal development, and in finance for balance-sheet analysis and internal audit work. He said the company has made a significant investment in equipping associates with AI tools and copilots.
New product introduction, or NPI, remains another key focus. Stepniak said Building Automation has the most mature NPI process, while Industrial Automation has been developing its program for about 18 months and is beginning to see results. New products generally carry better pricing or mix and can be accretive within their first two years, he said.
Building and Process Automation Demand
Stepniak said Building Automation’s growth has been supported by its diverse geographic and end-market exposure. While data centers account for about 5% of the segment today, up from close to zero three to four years ago, Honeywell aims to more than double that business to above $1 billion over the next several years.
The company supplies fire sensing, security, physical security, monitoring and building-management systems to data centers. Stepniak also cited opportunities in load management, liquid cooling and heat measurement as computing requirements increase.
Building Automation is expected to finish the year with margins above 27%, and Honeywell has a line of sight to 29% margins in 2029, according to Stepniak. He identified NPI, Forge commercialization and employee leverage as key margin drivers.
In Process Automation and Technology, Stepniak said demand has increased across projects, LNG and catalyst activity. Honeywell’s LNG business is taking orders for slots at the end of 2028 and continues to receive new customer inquiries, he said.
Second-half catalyst demand is expected to rise by double digits versus the first half, while second-half year-over-year catalyst demand is expected to increase by high single digits. However, Stepniak said projects are the larger driver of expected segment growth.
He said Process Technologies is seeing a more pronounced order pickup than Process Automation, which historically trails the technology business by roughly 18 to 24 months. Process Automation is also expanding into life sciences, pharmaceutical and medical-device production, cybersecurity, U.S. onshoring and semiconductors.
Honeywell expects the Process Automation and Technology segment to report about a 22.5% margin for the year, reflecting mix and the integration of Johnson Matthey. Stepniak said the acquired business will take two to three years to reach Honeywell-level margins, though he sees cost and demand-improvement opportunities. Honeywell continues to target 25% segment margins by 2029.
Industrial Automation and Capital Allocation
Industrial Automation is being positioned as a sensing-and-measurement-focused business. Stepniak said improved delivery performance, new product investment, pricing and organizational simplification are supporting its turnaround. The business has improved on-time delivery to approximately 80% and is targeting more than 85%.
Honeywell expects Industrial Automation to reach about a 22% margin rate in the fourth quarter, Stepniak said, adding that he was “100% confident” in its ability to reach 25% margins within three years.
On capital allocation, Stepniak said Honeywell is currently prioritizing debt reduction and aims to reduce its debt ratio below three by year-end. The company expects its dividend payout ratio to be around 35% and plans to keep its share count roughly flat while it focuses on debt repayment. Capital expenditures are expected to be about 3% of revenue.
Honeywell plans to continue pursuing bolt-on acquisitions, with preferred deal sizes of roughly $2 billion to $4 billion. Stepniak identified Industrial Automation as the company’s largest M&A opportunity because of the fragmented nature of the market, but said Honeywell intends to remain disciplined on valuation, strategic fit, synergies and return targets.
About Honeywell International (NASDAQ:HON)Honeywell International Inc is a diversified, publicly traded multinational conglomerate NASDAQ: HON that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.
Honeywell's aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.
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RBC's price assumptions put gold at an average $5,250 an ounce in 2027 and $5,500 in 2028, while JPMorgan sees evidence that buyers are returning after the market established support near $4,000.
The Gold price in US Dollars has begun to recover from its mid-year correction, and two bank research frameworks point to a market that is consolidating rather than ending its longer-term advance.
Latest gold market data: XAU/USD traded at $4,351.05 an ounce at 11:56 BST on 14 August 2026, down 0.17% on the day but 7.34% higher over one month.
Gold remained 6.43% lower over three months and 13.48% lower over six months, yet it was still 30.65% above its level a year earlier.
Gold price performance over one month to 14 August 2026.
RBC's Gold Standard comparable tables assume an average $4,732 for 2026, rising to $5,250 in 2027 and $5,500 in 2028.
The bank's long-term assumption is lower at $4,000, giving the forecast a pronounced medium-term peak rather than an indefinitely rising line.
From current spot, the 2027 average is roughly 21% higher and the 2028 assumption about 26% higher.
These are annual averages used in company valuation work, not year-end targets, so gold would not need to finish either year at precisely those levels.
JPMorgan sees buyers returning above $4,000
JPMorgan's volatility research supplies the market mechanism behind the upside case.
“The fundamental view remains on the upside in the long term, as we continue to see strong inflows from central banks with accelerated buying on the dip,” the bank said.
That official-sector thesis has support beyond the research note: World Gold Council data show reported central-bank reserves rising by a net 41 tonnes in May.
JPMorgan also sees a change in investor behaviour after July's narrow trading range.
“As gold prices are finding the floor at 4000 and trading within a tight 5% range over the whole of July, the first signs of buyers winning over sellers are starting to show,” it said.
Retail demand is part of that turn.
“We are starting to see retail investors warming up to gold again,” JPMorgan said, pointing to renewed call-option interest in the GLD exchange-traded fund.
Gold price performance in 2026 to 14 August.
The two banks are not making identical calls.
RBC supplies a multi-year price deck, while JPMorgan identifies positioning and volatility signals around a $4,000 support area.
Together they describe a bullish medium-term case with real drawdown risk: the long-run floor is well below RBC's projected 2028 peak, but central-bank buying and returning investor demand can keep the recovery alive before that normalisation arrives.
Exchange Rates UK Research
Our currency coverage draws on live market data, official economic releases and published bank research.
Kartoon Studios oznámila za 2. čtvrtletí tržby 5,8 mil. USD a čistý zisk 26,9 mil. USD díky jednorázovému zisku z litigací. Zároveň má asi 40,5 mil. USD v hotovosti a obchodovatelných cenných papírech a žádný dlouhodobý dluh.
Earnings 8-K Filed Announcing Agreement with Amazon Prime
Strengthened Balance Sheet with $40 million in Cash and No Long-Term Debt
Focus on Intellectual Property Ownership for Next Phase of Growth
BEVERLY HILLS, CA / ACCESS Newswire / August 14, 2026 / Kartoon Studios, Inc. (NYSE American:TOON) ("Kartoon Studios" or the "Company"), a global entertainment company creating, producing, distributing and licensing children's and family content, today announced financial results for the second quarter ended June 30, 2026, and provided an update on a strategic transformation designed to focus the Company on the ownership, development and commercialization of high-value intellectual property assets for children.
Following the receipt of approximately $39.2 million from previously announced litigation settlements, Kartoon Studios ended the quarter with approximately $40.5 million in cash and marketable securities and no long-term debt, providing substantial financial flexibility to execute its long-term growth strategy. The Company also filed a separate 8-K notice of a significant distribution partnership for its flagship Hundred Acre Wood franchise based on A.A. Milne's Winnie-the-Pooh with Amazon Prime, while continuing to expand development initiatives surrounding the Stan Lee Universe. Together, these milestones represent important building blocks in the Company's evolution toward a focused, scalable and profitable intellectual property-driven business model.
Recent Operational Highlights
Ended the second quarter with approximately $40.5 million in cash and marketable securities and no long-term debt following receipt of initial litigation settlement proceeds, significantly strengthening the Company's financial position.
An additional $39.2 million remains in escrow and which will be distributed to the Company after legal fees are determined and paid.
8-K disclosed an agreement with Amazon Prime for Hundred Acre Wood, based on A.A. Milne's Winnie-the-Pooh, launching on February 18, 2027 featuring promotional support including Hero Banner placement and participation in Amazon's Shop the Show program, creating integrated streaming and merchandising opportunities.
In July, completed the sale of the Frederator channel network business while retaining Frederator Studios intellectual property, including Castlevania, Bee and Puppycat, among other properties, sharpening the Company's strategic focus on owned and controlled IP assets.
Appointed Brooke Bacon, formerly head of consumer product licensing at Activision, as Senior Vice President of Consumer Products and Licensing to lead the monetization of Kartoon Studios' growing portfolio of owned intellectual property through licensing, retail, consumer products and strategic partnerships.
Strategic Update
Following a comprehensive review of its portfolio, operating structure and capital allocation priorities, Kartoon Studios has implemented a strategic transformation designed to create a leaner, more focused and more profitable enterprise centered on owned and controlled intellectual property for children.
The Company is concentrating investments on high profile animated franchises where it owns or controls the underlying rights and will participate across multiple revenue streams, including content distribution, licensing, consumer products, publishing, digital commerce and brand extensions. Management believes this pivot offers substantial long-term value creation, and a change in direction from the Company's historical reliance on production services and third-party-owned properties.
Consistent with this transformation, the Company completed the sale of the Frederator network business in July while retaining key intellectual property assets. As the Board and management continue to evaluate all operating units and capital investments through the lens of ownership economics, and long-term profitability, the objective is to simplify the business, improve capital efficiency, accelerate franchise monetization and create durable shareholder value.
Management Commentary
"We are building a fundamentally different Kartoon Studios," said Andy Heyward, Chairman and Chief Executive Officer. "Over the last several months, we have strengthened our balance sheet, streamlined our operations, sharpened our strategic focus, and assembled the IP building blocks for our next phase of growth."
"With more than $40 million in cash, no long-term debt, a partnership with Amazon Prime, and ownership of valuable intellectual property including Hundred Acre Wood and the Stan Lee Universe, and another $39.2 million minus legal fees yet to be distributed to Company, we believe we are uniquely positioned to create meaningful long-term shareholder value through the development of what we believe will be enduring global franchises."
"This is not simply a turnaround-it is a strategic transformation. We are transforming Kartoon Studios from a company that historically generated much of its revenue by creating and producing valuable content for others, e.g. Barbie, Cocomelon, and other high-profile IP, we are now focused on producing that high profile IP for ourselves and our shareholders. Specifically that means owning, building and monetizing valuable intellectual property franchises across streaming, consumer products, publishing, gaming, licensing and other platforms."
"Our goal is to own more of the intellectual property we create, participate more fully in the economics generated across multiple platforms, and transform our creative assets into sustainable, high-margin revenue streams. We believe the actions we have taken this year position us to pursue that objective from a position of strength, and we specifically are looking forward to a rollout of Hundred Acre Wood this year to lead, followed by properties from the great Stan Lee, which the Company has developed," Heyward concluded.
"While our reported second quarter results largely reflect the Company's legacy operating model, the strategic actions we have taken over the past several months are designed to reshape Kartoon Studios into a more focused and financially disciplined organization," said Brian Parisi, Chief Financial Officer. "Despite a decline in revenue, during the period, we reduced total expenses by 32%, demonstrating continued cost discipline and progress in aligning our operating structure with our long-term strategic objectives. Combined with our strong cash position and no long-term debt on our balance sheet, we believe Kartoon Studios is well positioned to execute its transformation strategy, as our two flagship brands, Hundred Acre Wood and Stan Lee Universe, are finally coming into the marketplace in 2027."
Hundred Acre Wood
Hundred Acre Wood is expected to serve as the cornerstone of Kartoon Studios' next-generation franchise strategy.
The property combines one of the world's most beloved story universes with distribution support from one of the most influential platforms in entertainment and commerce in the world.
Management believes the property's unique multi-generational appeal creates the potential for a long-term franchise extending across content, publishing, licensing and retail categories worldwide.
Copyright Kartoon Studios, Inc. 2026Stan Lee Superhero Pets
Through its rights to the Stan Lee Universe, Kartoon Studios continues to evaluate multiple opportunities to develop new franchises inspired by one of the most iconic creative legacies in entertainment history.
Initial development efforts include Stan Lee Superhero Pets, which management believes has significant potential across animation, publishing, licensing, consumer products and interactive entertainment. Recent box office based on Stan Lee creations has shown the extraordinary power of this one man's imagination.
Copyright Kartoon Studios, Inc. 2026Second Quarter 2026 Financial Results
The financial results reported for the second quarter primarily reflect Kartoon Studios' historical operating model. They do not yet reflect the anticipated impact of the Company's strategic transformation, the launch of Hundred Acre Wood, growth initiatives surrounding the Stan Lee Universe, or expanded consumer products opportunities.
Management believes these initiatives establish the foundation for the Company's next phase of growth and are intended to improve profitability, expand ownership economics and create long-term shareholder value.
Revenue for the second quarter of 2026 was $5.8 million, compared with $10.3 million in the prior-year period. The decline primarily reflected lower production services revenue and the timing of project activity at Mainframe Studios, the Company's for-hire production studio. The quarter largely reflects the Company's historical operating mix, which management is actively reshaping around owned intellectual property and stronger ownership economics.
Total expenses decreased 32% to $9.2 million, reflecting the Company's continued focus on simplifying operations and aligning its cost structure with a more focused strategy. Direct operating costs declined 35% to $4.6 million, primarily due to lower third-party production-related headcount and reduced Frederator network costs. General and administrative expenses decreased 28% to $4.5 million, driven by lower personnel, consulting and administrative expenses.
Loss from operations was $3.4 million for the second quarter of 2026, compared with $3.2 million in the prior-year period. Despite a 43% decline in revenue, the operating loss increased by only $0.2 million as the Company reduced total expenses by 32% reflecting the impact of ongoing cost discipline and efforts to align the operating structure with a leaner, more focused business model.
Other income, net, was $31.1 million in the second quarter of 2026, compared with other expense, net, of $(2.9) million in the prior-year period. The increase primarily reflected a $39.2 million non-recurring, non-operating gain from the Company's litigation settlements, partially offset by a $4.0 million non-operating charge related to a standstill and voting agreement entered into with one of the settling parties and other non-operating expenses. These items are separate from the Company's underlying operating performance.
Net income was $27.0 million for the second quarter of 2026, compared with a net loss of $(6.3) million in the prior-year period. The improvement was primarily driven by the non-recurring gain recognized from the litigation settlements, partially offset by the Company's $(3.4) million loss from operations and other non-operating expenses.
Cash and marketable securities as of June 30, 2026, was $40.5 million.
About Kartoon Studios
Kartoon Studios (NYSE American:TOON) is a global, vertically integrated children's and family entertainment company turning owned and controlled intellectual property into enduring, multi-platform franchises. The Company develops, produces, distributes, licenses and monetizes content across the full value chain, creating multiple revenue opportunities and long-term brand value.
Kartoon Studios' growth portfolio includes Hundred Acre Wood and the Stan Lee Universe, alongside established brands and an extensive programming library. The Company operates Mainframe Studios and Toon Media Networks, as well as Beacon Media Group, a full-service marketing, communications, and media agency subsidiary of Kartoon Studios focused on children and family. Together, these assets provide production capabilities, direct audience access and distribution across linear television, AVOD, SVOD, FAST channels and streaming platforms in more than 60 territories. Kartoon Studios is focused on converting its intellectual property, infrastructure and global reach into scalable franchise growth and long-term shareholder value.
For more information, visit www.kartoonstudios.com.
Important Cautions Regarding Forward-Looking Statements
Certain statements in this press release that are not historical facts may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and are subject to risks and uncertainties. Forward-looking statements include statements concerning the Company accelerating strategic transformation, focus on intellectual property position ownership for next phase of growth, strategic transformation designed to focus the Company on the ownership, development and commercialization of high-value intellectual property assets, the Company's distribution partnership with Amazon; the Company expanding development initiatives surrounding the Stan Lee Universe; the distribution to the Company of any additional amounts from the escrowed litigation settlements; the Company's expectations regarding the distribution of its content, the timing and availability of streaming content, promotional support, consumer product sales, the sale of Federator sharpening the Company's strategic focus on owned and controlled IP assets; the Company implementing a strategic transformation designed to create a leaner, more focused and more profitable enterprise centered on owned and controlled intellectual property; the Company's concentrating investments on high profile animated franchises where it owns or controls the underlying rights and can participate across multiple revenue streams, including content distribution, licensing, consumer products, publishing, digital commerce and brand extensions; management's belief that their owned IP strategy offers substantially greater long-term value creation potential than the Company's historical reliance on production services and third-party-owned properties; building a fundamentally different Company; the Company's belief that it is uniquely positioned to create meaningful long-term shareholder value through the development of what it believes will be enduring global franchises; transforming from a company that historically generated much of its revenue by creating and producing content for others, into one increasingly focused on owning, building and monetizing valuable intellectual property franchises across streaming, consumer products, publishing, gaming, licensing and other platforms; Company's goal to own more of the intellectual property it creates, and to participate more fully in the economics generated across multiple platforms, and transform its creative assets into sustainable, high-margin revenue streams; the Company's belief that the actions taken this year positions the Company to pursue its objectives from a position of strength, two flagship brands, Hundred Acre Wood and Stan Lee Universe, coming into the marketplace in 2027, Hundred Acre Wood is expected to serve as the cornerstone of the Company's next-generation franchise strategy, management's belief that Stan Lee Superhero Pets has significant potential across animation, publishing, licensing, consumer products and interactive entertainment, the belief that the launch of Hundred Acre Wood, growth initiatives surrounding the Stan Lee Universe and expanded consumer product initiatives will establish the foundation for the Company's next phase of growth and are intended to improve profitability, expand ownership economics and create long-term shareholder value.. Words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "potential," "project," "should," "will" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based on the Company's current plans, estimates, assumptions and expectations and are not guarantees that such plans, estimates or expectations will be achieved. Actual events, the timing of events ,results and performance may differ materially from those expressed or implied by these forward-looking statements due to various risks, uncertainties and other factors, including the Company's ability to execute its transition to an intellectual property-driven growth model; the Company's ability to advance its flagship franchise initiatives; the Company's ability to leverage prior investments in platform, content, and infrastructure, to support a more scalable operating foundation and the broader commercialization of the Company's intellectual property portfolio; the Company's ability to advance its flagship franchises as multi-platform initiatives extending across content, licensing, and consumer products; the Company's ability to bring properties to market and convert its franchises into scalable, higher-margin revenue opportunities to drive long-term value; the Company's ability to launch and expand Hundred Acre Wood and the Stan Lee Universe in the US and globally as planned; the Company's ability to capture value across the full lifecycle of its intellectual property by combining production capabilities, owned distribution platforms, marketing infrastructure, and licensing operations; the Company's ability to move quicker and with purpose faster than its competitors; the Company's ability to execute against its platform while continuing to expand higher-margin, IP-driven revenue streams; the Company's ability to improve operating performance and margin profile over time as its initiatives scale; the Company's ability to benefit from its investments in infrastructure and IP; the Company's ability to obtain additional financing on acceptable terms, if at all; fluctuations in the results of the Company's operations from period to period; general economic and financial conditions; the Company's ability to anticipate changes in popular culture, media and movies, fashion and technology; competitive pressure from other distributors of content and within the retail market; the Company's ability to market and advertise its products; the Company's reliance on third parties to promote its products; the Company's ability to keep pace with technological advances; the Company's ability to protect its intellectual property and those other risks described under the heading "Risk Factors" in Part I, Item 1A of the Company's most recent Annual Report on Form 10-K and in its other filings with the Securities and Exchange Commission, which are available at www.sec.gov. Additional risks and uncertainties that are not currently known to the Company or that the Company currently considers immaterial may also cause actual events, results or performance to differ materially from those expressed or implied by the forward-looking statements. All forward-looking statements speak only as of the date of this press release, and Kartoon Studios undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Kartoon Studios, Inc.
Condensed Consolidated Balance Sheets
(in thousands, except for share data)
As of
June 30,
2026
December 31,
2025
(Unaudited)
ASSETS
Current Assets:
Cash
$
7,742
$
2,943
Investments in Marketable Securities (amortized cost of $32,754 and $3,953, respectively)
32,763
3,978
Accounts Receivable (net of allowance of $7 and $3, respectively)
2,059
9,632
Tax Credits Receivable (net of allowance of $427 and $423, respectively)
17,494
16,800
Other Receivable
1,346
1,571
Prepaid Expenses and Other Assets
1,643
841
Total Current Assets
63,047
35,765
Noncurrent Assets:
Property and Equipment, net
1,327
1,635
Operating Lease Right-of-Use Assets, net
4,511
5,114
Finance Lease Right-of-Use Assets, net
210
312
Film and Television Costs, net
7,283
4,878
Investment in Your Family Entertainment AG
1,863
5,481
Intangible Assets, net
16,178
17,604
Other Assets
114
118
Total Assets
$
94,533
$
70,907
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts Payable
$
5,666
$
12,115
Participations Payable
1,161
1,024
Accrued Expenses
1,776
744
Accrued Salaries and Wages
1,390
1,370
Deferred Revenue
2,732
4,391
Production Facilities, net
12,928
11,819
Current Portion of Operating Lease Liabilities
1,080
1,077
Current Portion of Finance Lease Liabilities
116
156
Due to Related Party
-
5
Standstill Agreement Payable
4,000
-
Other Current Liabilities
750
750
Total Current Liabilities
31,599
33,451
Noncurrent Liabilities:
Deferred Revenue
3,415
3,369
Operating Lease Liabilities, net of Current Portion
3,829
4,488
Finance Lease Liabilities, net of Current Portion
86
144
Deferred Tax Liability, net
1,181
1,225
Factoring Liability
776
689
Other Noncurrent Liabilities
22
8
Total Liabilities
40,908
43,374
Commitments and Contingencies (Note 19)
Stockholders' Equity:
Preferred Stock, 10,000,000 shares authorized, 0 shares issued and
outstanding as of June 30, 2026 and December 31, 2025
-
-
0% Series A Convertible Preferred Stock, $0.001 par value, 6,000 shares authorized, 0 shares issued and outstanding as of June 30, 2026 and December 31, 2025
-
-
Series B Preferred Stock, $0.001 par value, 0 shares authorized, 0 shares
issued and outstanding as of June 30, 2026 and December 31, 2025
-
-
Series C Preferred Stock, $0.001 par value, 50,000 shares authorized, 0 shares
issued and outstanding as of June 30, 2026 and December 31, 2025
-
-
Common Stock, $0.001 par value, 190,000,000 shares authorized, 62,629,255
and 55,282,150 shares issued and 62,204,105 and 54,857,000 shares
outstanding as of June 30, 2026 and December 31, 2025, respectively
62
55
Additional Paid-in Capital
799,305
793,814
Treasury Stock at Cost, 425,150 shares of common stock as of June 30, 2026 and
December 31, 2025
(604
)
(604
)
Accumulated Deficit
(743,197
)
(763,817
)
Accumulated Other Comprehensive Loss
(3,188
)
(3,238
)
Total Kartoon Studios, Inc. Stockholders' Equity
52,378
26,210
Non-Controlling Interests in Consolidated Subsidiaries
1,247
1,323
Total Stockholders' Equity
53,625
27,533
Total Liabilities and Stockholders' Equity
$
94,533
$
70,907
Kartoon Studios, Inc.
Condensed Consolidated Statements of Operations
(in thousands, except for share data)
(Unaudited)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Revenues:
Production Services
$
3,459
$
7,359
$
7,552
$
13,931
Content Distribution
1,853
1,992
4,126
3,973
Licensing and Royalties
61
86
134
170
Media Advisory and Advertising Services
448
842
1,247
1,709
Total Revenues
5,821
10,279
13,059
19,783
Operating Expenses:
Marketing and Sales
139
167
331
353
Direct Operating Costs
4,634
7,113
9,352
13,797
General and Administrative
4,458
6,214
9,589
11,927
Total Operating Expenses
9,231
13,494
19,272
26,077
Loss from Operations
(3,410
)
(3,215
)
(6,213
)
(6,294
)
Interest Expense
(175
)
(165
)
(408
)
(293
)
Other Income (Expense), net
31,107
(2,887
)
27,738
(6,271
)
Profit (Loss) Before Income Tax Expense
27,522
(6,267
)
21,117
(12,858
)
Income Tax Expense
(573
)
-
(573
)
-
Net Income (Loss)
26,949
(6,267
)
20,544
(12,858
)
Net Loss Attributable to Non-Controlling Interests
36
104
76
169
Net Income (Loss) Attributable to Kartoon Studios, Inc.
Berkshire Hathaway ve 2. čtvrtletí výrazně zrychlila zpětné odkupy akcií: odkoupila akcie za 4,5 mld. USD a čisté nákupy akcií dosáhly 20 mld. USD. Tržby BRK.B vzrostly na 101,8 mld. USD a provozní zisk na 12,98 mld. USD.
SummaryBerkshire Hathaway is upgraded to Buy as Q2 marks a strategic shift in capital deployment.BRK.B delivered $101.8B in revenue (+10% Y/Y) and $12.98B in operating earnings (+16% Y/Y), but currency effects inflate headline growth.Significant buybacks ($4.5B in Q2, $3.3B+ in July) and net equity purchases ($20B net) signal a new era of active cash use.Valuation at 1.47x book is justified by sustained buybacks, M&A, and a robust liquidity cushion, positioning BRK.B as a defensive S&P 500 alternative. jetcityimage/iStock Editorial via Getty Images
Introduction It has been a while since I last covered Berkshire Hathaway (BRK.A) (BRK.B), as I last gave it a hold rating based on the fact that it was better
3.68K Followers
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in BRK.B over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
, /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that on August 13, 2026, its Board of Directors (the "Board") declared a quarterly cash dividend on its common stock of $0.47 per share. The dividend is payable on September 8, 2026, to shareholders of record at the close of business on August 24, 2026.
About Patrick Industries, Inc.
Patrick (NASDAQ: PATK) is a leading component solutions provider serving original equipment manufacturers and aftermarket customers in the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs approximately 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com.
Forward-Looking Statements
This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements is contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. In addition, future dividends are subject to Board approval. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.
Contact:
Steve O'Hara
Vice President of Investor Relations
[email protected]
574.294.7511
Lantheus získal od FDA schválení pro TAUKLARIFY, PET zobrazovací přípravek pro mozek u dospělých s kognitivním postižením vyšetřovaných kvůli Alzheimerově chorobě. Lék pomáhá identifikovat pacienty s tau neurofibrilárními klubky (NFT).
BEDFORD, Mass., Aug. 14, 2026 (GLOBE NEWSWIRE) -- Lantheus Holdings, Inc. (“Lantheus” or the “Company”) (NASDAQ: LNTH), the leading radiopharmaceutical-focused company committed to enabling clinicians to Find, Fight and Follow disease to deliver better patient outcomes, today announced U.S. Food and Drug Administration (FDA) approval of TAUKLARIFY™ (florquinitau F 18 injection), also referred to as MK-6240, a radiodiagnostic agent indicated for positron emission tomography (PET) of the brain in adults with cognitive impairment who are being evaluated for Alzheimer’s disease to identify patients with tau neurofibrillary tangle (NFT) pathology. TAUKLARIFY has a limitation of use. The safety and effectiveness of TAUKLARIFY have not been established for the evaluation of non-Alzheimer's disease tauopathies.
“Today’s approval of TAUKLARIFY reflects both the increasing importance of tau imaging in Alzheimer’s disease assessment and the innovative development program that supported this milestone,” said Mary Anne Heino, Executive Chairperson and CEO, Lantheus. “As the field continues to advance, clinicians are seeking a more complete understanding of this disease, with tau PET imaging providing information that complements amyloid PET and other diagnostic tools. We remain committed to advancing research that will further define the role of tau imaging in understanding Alzheimer’s disease.”
Following approval, Lantheus intends to continue supporting Alzheimer’s disease therapeutic programs through its Pharma Solutions business while assessing the appropriate path toward broader commercial availability. Lantheus’ approach will remain aligned with the needs of its partners and informed by developments across the Alzheimer’s disease treatment landscape.
“For clinicians and researchers, tau PET imaging is an important tool for identifying tau pathology in the brain and advancing our understanding of Alzheimer’s disease,” said Keith Johnson, Professor of Neurology and Radiology, Massachusetts, General Hospital and Harvard Medical School. “The use of sensitive quantitative tau PET imaging is essential for increasing our understanding of potential disease impacts and moving novel treatments forward.”
TAUKLARIFY's approval is supported by two blinded read studies, Study 1 and Study 2, that analyzed TAUKLARIFY PET images from more than 500 subjects who participated in three clinical trials. The clinical trials included individuals with mild cognitive impairment, mild Alzheimer's disease dementia and cognitively unimpaired individuals, enabling evaluation across a broad spectrum of cognitive function, including earlier stages of disease. All subjects received an approximate intravenous dose of 185 MBq (5 mCi) of TAUKLARIFY for tau PET imaging.
In both studies, TAUKLARIFY scans were interpreted by independent readers who underwent training on image interpretation and were blinded to subjects' clinical information and amyloid beta PET results. Scans were classified as positive or negative for tau neurofibrillary tangle (NFT) pathology and compared against a pre-established reference standard based on cognitive status and amyloid beta PET findings.
In Study 1, which analyzed images from 279 subjects, Positive Percent Agreement (PPA) across readers ranged from 80% to 88% (95% CI: 72% to 93%), and Negative Percent Agreement (NPA) ranged from 98% to 99% (95% CI: 94% to 100%). Inter-reader agreement was high, with a generalized Fleiss' kappa of 0.92, with a 95% confidence interval of 0.89 to 0.96. In Study 2, which analyzed images from 338 subjects, PPA across readers ranged from 68% to 82% (95% CI: 61% to 87%), and NPA ranged from 93% to 99% (95% CI: 89% to 100%). Inter-reader agreement was high, with a generalized Fleiss' kappa of 0.86, with a 95% confidence interval of 0.82 to 0.89.
Safety was evaluated in 1,734 subjects. The most commonly reported adverse reactions, with incidence greater than or equal to 0.1%, were headache (0.7%), nausea (0.2%), injection site reactions (0.1%), dizziness (0.1%) and abdominal discomfort (0.1%).
About Alzheimer’s Disease
Alzheimer’s disease is a degenerative neurological disorder that causes a decline in cognition and function. In the U.S., there are more than 7 million people living with Alzheimer’s disease. As the population ages, it is likely that the prevalence of this disease will continue to rise and, by 2050, the number of people 65 and older with Alzheimer’s disease may grow to more than 13 million.1
TAUKLARIFY™ Indication
TAUKLARIFY is indicated for positron emission tomography (PET) of the brain in adults with cognitive impairment who are being evaluated for Alzheimer’s disease to identify patients with tau neurofibrillary tangle (NFT) pathology.
TAUKLARIFY Limitations of Use
The safety and effectiveness of TAUKLARIFY have not been established for the evaluation of non-Alzheimer’s disease tauopathies.
Important Safety Information
Contraindication: None.
Warning and Precautions
Risk of Misdiagnosis in Patients Being Evaluated For Alzheimer’s Disease
TAUKLARIFY performance for identifying patients with tau NFT pathology was assessed in subjects who were expected to have predominantly no tau NFT pathology (i.e., cognitively unimpaired and amyloid beta PET-negative) or predominantly clinically significant levels of tau NFT pathology associated with Alzheimer’s disease (i.e., cognitively impaired and amyloid beta PET-positive). TAUKLARIFY performance for identifying patients with tau NFT pathology may be lower in patients in earlier stages of the pathological spectrum.
A negative TAUKLARIFY scan does not necessarily exclude the presence of tau NFT pathology, and a positive TAUKLARIFY scan does not necessarily confirm the presence of tau NFT pathology. Consider additional evaluation when clinical uncertainty remains.
Radiation Risk
TAUKLARIFY contributes to a patient’s overall long-term cumulative radiation exposure. Long-term cumulative radiation exposure is associated with an increased risk of cancer. Ensure safe drug handling to protect patients and health care providers from unintentional radiation exposure. Advise patients to hydrate before and after administration and to void frequently after administration.
Adverse Reaction
The most commonly reported adverse reactions (incidence ≥ 0.1%) were headache, nausea, injection site reactions, dizziness, and abdominal discomfort.
Drug Interactions
CYP1A2 inducers: Avoid use of CYP1A2 inducers, including tobacco smoking, at least 7 days before TAUKLARIFY administration.
Use In Specific Population
Lactation: Temporarily discontinue breastfeeding. A lactating woman should pump and discard breast milk for a minimum of 4 hours after TAUKLARIFY administration.
To report SUSPECTED ADVERSE REACTIONS, contact Cerveau, a Lantheus company, at 1-800-362-2668 or FDA at 1-800-FDA-1088 or www.fda.gov/medwatch.
Please see full Prescribing Information for TAUKLARIFY.
About Lantheus
Lantheus is the leading radiopharmaceutical-focused company, delivering life-changing science to enable clinicians to Find, Fight and Follow disease to deliver better patient outcomes. Headquartered in Massachusetts with offices in New Jersey, Canada, Germany, Sweden, Switzerland and the United Kingdom, Lantheus has been providing radiopharmaceutical solutions for more than 70 years. For more information, visit www.lantheus.com.
Safe Harbor for Forward-Looking and Cautionary Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are subject to risks and uncertainties and are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by their use of terms such as “believe,” “continue,” “potential,” “growing,” “improve,” “intends,” “will,” and other similar terms. Such forward-looking statements are based upon current plans, estimates and expectations that are subject to risks and uncertainties that could cause actual results to materially differ from those described in the forward-looking statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein, which speak only as of the date hereof. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Risks and uncertainties that could cause our actual results to materially differ from those described in the forward-looking statements include: (i) our ability and the timing to launch TAUKLARIFY as a commercial product; (ii) the market receptivity to TAUKLARIFY as a radiopharmaceutical diagnostic; (iii) the successful development by pharmaceutical companies of disease-modifying treatments for Alzheimer’s disease, as well as the inclusion of TAUKLARIFY in the prescribing information or guidelines for such disease-modifying treatments; (iv) the existence, availability and profile of competing products; (v) our ability to obtain and maintain adequate coding, coverage and payment for TAUKLARIFY; (vi) the intellectual property protection of TAUKLARIFY; (vii) our ability to successfully develop and scale the manufacturing capabilities to support the launch of TAUKLARIFY; and (viii) the risks and uncertainties discussed in our filings with the Securities and Exchange Commission (including those described in the Risk Factors section in our most recently filed Annual Report on Form 10-K and Quarterly Reports on Form 10-Q).
Akcie Bloom Energy v předobchodní fázi rostou o 0,92 % na 238,40 USD, protože poptávku po její energetické technologii podporuje expanze CoreWeave v AI datových centrech.
Bloom Energy Corp. (NYSE:BE) shares are trading higher during Friday’s premarket session as traders keep leaning into the AI data center power-demand theme tied to CoreWeave’s expansion.
Bloom Energy shares are trending higher. Why are BE shares climbing? What Is Driving Bloom Energy’s Stock Today?CoreWeave posted second-quarter results that beat Wall Street estimates, including $2.58 billion in revenue and a $104 billion revenue backlog tied to AI infrastructure demand. The read-through for Bloom is that CoreWeave’s high-density data centers can lean on Bloom’s solid oxide fuel cell systems for faster on-site power.
Bloom is also catching a macro tailwind this week after July CPI came in as expected, with headline CPI up 3.4% YoY and core inflation at 2.5%, while the CME FedWatch September hike probability slipped to 42% from 45%. Lower yields after the print have helped reopen risk appetite for growth-linked infrastructure names.
CoreWeave Hits Strategic Inflection Point Fueled by Enterprise AI Demand“CoreWeave reached an important inflection point this quarter as our scale began to translate into expanding operating leverage. Customer demand is accelerating, as enterprise adoption broadens and we continue to deepen our technology platform,” said Michael Intrator, co-founder and CEO of CoreWeave.
“CoreWeave is built on the conviction that AI is foundational to every industry and that realizing its full potential requires a purpose-built platform. This quarter reinforced that conviction.”
Bloom Energy Stock: Key Levels To WatchFrom a trend perspective, the stock is trading 13.6% above its 20-day SMA ($210.73) and 30.1% above its 200-day SMA ($183.96), which keeps the longer-term uptrend intact after a huge 12-month run of 423.65%. At the same time, it’s trading 3.6% below its 50-day SMA ($248.39), a reminder that the intermediate trend is still working through a consolidation phase.
RSI is 52.51, which is basically neutral and fits a "digesting gains" setup rather than an overbought chase. RSI measures how stretched the recent move is, and this reading suggests buyers and sellers are closer to balanced right now than they were during the May overbought push.
The chart also has a mixed moving-average message: the 20-day SMA is below the 50-day SMA (a bearish near-term crossover), but the 50-day SMA remains above the 200-day SMA (a bullish longer-term structure). With the most recent swing high in June and swing low in July, traders will likely treat any bounce as needing follow-through back above the 50-day area to confirm momentum is rebuilding.
Key Support: $230.50 — a nearby pivot zone that sits just below the 100-day SMA ($238.63), making it a practical "line in the sand" if the pullback deepens Bloom Energy’s Benzinga Edge Scorecard BreakdownBelow is the Benzinga Edge scorecard for Bloom Energy, highlighting its strengths and weaknesses compared to the broader market:
Momentum: Bullish (Score: 98.8/100) — The stock is still screening as a market leader despite the recent consolidation under the 50-day average. Value: Weak (Score: 2.57) — The setup implies a pricey stock relative to fundamentals, which can raise the bar for execution. Growth: Bullish (Score: 98.67/100) — The market is rewarding the company’s growth profile, which fits the AI power-demand narrative. The Verdict: Bloom Energy’s Benzinga Edge signal reveals a classic High-Flyer setup, with very strong momentum and growth scores paired with a very weak value profile. For longer-term holders, that usually means the trend can stay powerful, but pullbacks can be sharper if expectations cool or the next catalyst disappoints.
Bloom Energy Stock Price Movement in PremarketBE Stock Price Activity: Bloom Energy shares were up 0.92% at $238.40 during premarket trading on Friday, according to Benzinga Pro data.
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Columbia Banking System schválila čtvrtletní hotovostní dividendu 0,37 USD na kmenovou akcii. Vyplacena bude 14. září 2026 akcionářům k rozhodnému dni 28. srpna 2026.
, /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia"Nasdaq: COLB), parent company of Columbia Bank, today announced its Board of Directors has approved a quarterly cash dividend in the amount of $0.37 per common share, payable September 14, 2026 to shareholders of record as of August 28, 2026.
About Columbia
Columbia Banking System, Inc. (Nasdaq: COLB) is headquartered in Tacoma, Washington and is the parent company of Columbia Bank, an award-winning preeminent regional bank with offices in Arizona, California, Colorado, Idaho, Nevada, Oregon, Texas, Utah, and Washington. Columbia Bank combines the resources, sophistication, and expertise of a national bank with a commitment to deliver superior, personalized service. The bank supports consumers and businesses through a full suite of services, including retail and commercial banking, Small Business Administration lending, institutional and corporate banking, and equipment leasing. Columbia Bank customers also have access to comprehensive investment and wealth management expertise as well as healthcare and private banking through Columbia Wealth Management. Learn more at www.columbiabankingsystem.com.
Note Regarding Forward Looking Statements
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words such as "may," "expected," "anticipate," "continue," or other comparable words. In addition, all statements other than statements of historical facts that address activities that Columbia expects or anticipates will or may occur in the future are forward-looking statements. Readers are encouraged to read the SEC reports of Columbia, particularly its Annual Report on Form 10-K for the Fiscal Year ended December 31, 2025 and its Quarterly Reports on Form 10-Q for the three months ended March 31, 2026 and June 30, 2026, for meaningful cautionary language discussing why actual results may vary materially from those anticipated by management.
MyEtherWallet (MEW) integroval Ondo Perps a umožňuje obchodování perpetual futures 24/7 na americké akcie, ETF a komodity až s 20x pákou. Uživatelé přitom zůstávají v plné self-custody.
[PRESS RELEASE – Los Angeles, United States, August 13th, 2026]
MyEtherWallet (MEW), the world’s most intuitive digital wallet, today announced its integration with Ondo Perps, expanding its suite of decentralized financial products to include perpetual futures, derivative contracts with no expiration date. Through this integration, users can now trade continuous perpetual contracts with up to 20x leverage on leading U.S. stocks, ETFs, and commodities, 24 hours a day, 7 days a week on MyEtherWallet.com.
The integration bridges traditional financial markets and self-custodial Web3 technology. MEW customers can now access Ondo Perps to take long or short positions on major traditional market assets while maintaining full self-custody of their funds. Unlike traditional brokerages that restrict trading to rigid exchange hours and limited geographic access, eligible users can manage exposure to global markets around the clock using any supported wallet connected to the MEW web interface.
“Our mission has always been to make decentralized finance accessible, flexible, and fully self-custodial,” said MEW Founder and CEO Kosala Hemachandra. “Integrating Ondo Perps is the natural next step in our vision for the wallet as an all-in-one financial hub. Whether investors want to buy and hold tokenized equities or manage risk with up to 20x leverage on stocks and commodities, they can now execute advanced trading strategies 24/7 without surrendering control of their assets.”
Key Features of MEW’s Ondo Perps Integration:
24/7 Perpetual Trading: Users can access uninterrupted liquidity and trade leading U.S. equities, ETFs, and commodities outside of traditional stock exchange market hours. Up to 20x Leverage: Execute long and short position strategies with flexible leverage options tailored to different risk profiles. Universal Wallet Compatibility: Users can trade directly on MyEtherWallet.com using any wallet connected through MEW Portfolio—including MEW wallet mobile, Browser Extensions such as Metamask, hardware wallets, and WalletConnect. Non-Custodial Risk Management: Users can maintain full control over private keys while accessing advanced derivative products in a streamlined interface. How to Access Ondo Perps on MEW:
New users can create a wallet at MyEtherWallet.com to begin trading perpetual futures instantly. Existing wallet holders can connect their preferred wallet to MEW Portfolio to access Ondo Perps features directly. For more information on MEW’s Ondo Perps integration and latest portfolio features: www.myetherwallet.com.
This product is not available nor intended for US citizens. Restrictions apply. For more information: https://docs.ondoperps.xyz/
About MyEtherWallet (MEW)
Focused on simple, free, and secure access to the global financial system, MyEtherWallet (MEW) empowers users to build wealth with digital assets. From launching the first Ethereum user interface in 2015 to bringing self-custodial RWAs and advanced trading tools to the masses, MEW is continually innovating its products to turn blockchain technology into a user-friendly and easy-to-use part of daily life.
About the author
Chainwire is a specialized crypto newswire service providing high-impact distribution for the cryptocurrency and blockchain industry.
Ondo Perps Crosses $8B in Cumulative Volume@OndoPerps has hit another milestone, surpassing $8 billion in cumulative trading volume as demand for tokenized perpetual futures continues to accelerate. The latest figure builds on rapid momentum that has seen the platform scale from zero to billions in volume within weeks of its public launch.
The Street reported that the platform had already crossed $7 billion in cumulative volume just weeks after opening to the public in July 2026, with the sharpest gains recorded through early August. The $8 billion mark represents yet another step in what has been a steep, sustained climb.
Open interest has now risen to $90 million, up from the $67 million to $72 million range tracked in earlier weeks, pointing to growing conviction among active traders on the platform.
Tokenized Equities as Margin: The Capital Efficiency PlayA key driver of adoption is the platform's collateral model. Rather than requiring traders to hold stablecoins as margin, Ondo Perps lets traders post tokenized stocks and other real-world assets directly as collateral, keeping holdings productive rather than parked. Ondo calls this its "productive capital" approach.
Institutional investors are increasingly using Ondo tokenized equities as margin to take leveraged positions in decentralized futures markets. The platform offers up to 20x leverage across equities, ETFs, and commodities including names like Tesla, Nvidia, Apple, gold, and silver, with 24/7 trading available to users outside the United States and other restricted jurisdictions.
The model addresses a well-known friction in on-chain derivatives: traders have historically needed to liquidate positions or source separate stablecoin pools to open futures exposure. Ondo Perps removes that step, allowing spot holdings and perpetual positions to be managed on the same platform.
With volume and open interest both climbing, @OndoPerps is positioning itself as a leading venue for real-world asset derivatives, at a moment when tokenized finance is drawing serious institutional attention.
Sources:
The Street: Ondo Perps hits $7 billion in volume weeks after launch
Ondo Finance: Introducing Ondo Perps
Yahoo Finance: Ondo Perps hits $7 billion in volume weeks after launch
Jim Cramer znovu staví polovodiče do centra pozornosti a chystá ve čtvrtek 13. srpna hovor o sektoru. Nejvíc vyzdvihuje NVIDIA, AMD, Broadcom, Qualcomm a Marvell jako klíčové hráče AI infrastruktury.
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Jim Cramer is putting semiconductors back on the marquee. The CNBC host teed up an Investing Club call focused on semis for Thursday, Aug. 13, signaling that the AI silicon complex remains the sector he wants members thinking about heading into the back half of 2026. The teaser itself is thin on specifics, but the timing is deliberate: chip earnings this quarter have redrawn the leaderboard, and the group is fracturing between AI infrastructure winners and everyone else.
Here is what the earnings reports are telling investors across the five names most closely tied to Cramer’s semi thesis.
NVIDIA: Still the Center of Gravity
NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) delivered $81.61 billion in Q1 FY2027 revenue, up 85.2% year over year, with Data Center alone at $75.25 billion and networking up 199%. Management guided Q2 to $91 billion at a 75% gross margin. Shares are up 19.57% year to date, and Polymarket assigns a 66.5% probability that NVDA hits $232 in August. Cramer’s recurring line on the name: “Own it, don’t trade it.”
AMD: The Data Center Breakout
AMD (NASDAQ:AMD) posted $11.54 billion in Q2 revenue, with Data Center revenue of $6.72 billion (+107% YoY) now representing 58% of the company. CEO Lisa Su called out that “EPYC demand accelerates, Instinct deployments scale and Helios begins to ramp.” The Anthropic deal for up to 2 gigawatts of MI450 Series GPUs materially expands the merchant-GPU TAM. Even after a 7.42% pullback over the last month on margin optics, shares are up 121.48% year to date.
Broadcom: The Custom Silicon Juggernaut
Broadcom (NASDAQ:AVGO) is the pure play on hyperscaler ASICs. Q2 AI semiconductor revenue hit $10.80 billion (+143% YoY), and Hock Tan guided Q3 AI semis to $16 billion, up over 200% year over year. Free cash flow ran at 46% of revenue. Polymarket puts the probability of Q3 AI revenue clearing $15 billion at 91%, with the $16 billion threshold at 73%. This is the ASIC narrative Cramer has been circling for months.
Qualcomm: The Diversification Trade
Qualcomm (NASDAQ:QCOM) is the awkward name in the group. Q3 FY2026 revenue of $9.95 billion came in at the high end of guidance, but handsets fell 20% YoY. The offset: automotive at $1.59 billion, up 61%, marking 23 consecutive quarters of double-digit growth. CEO Cristiano Amon is targeting $40 billion in non-handset revenue by FY2029, with non-handset growth accelerating from 24% in FY2026 to greater than 60% in FY2027. Shares are down 4.14% year to date, the laggard of the group.
Marvell: The AI Optics Sleeper
Marvell Technology (NASDAQ:MRVL) is the second custom-silicon and optical interconnect leg of the ASIC trade. Q1 FY2027 revenue hit a record $2.418 billion (+28% YoY), with Data Center at 76% of the mix. CEO Matt Murphy flagged “exceptional AI-related bookings” and raised the FY2027 and FY2028 outlook. The Celestial AI and XConn acquisitions plus the NVLink Fusion partnership with NVIDIA anchor the photonics story. Shares are up nearly 155% year to date.
What the Setup Signals
The five names split cleanly into three trades: merchant GPU compute (NVDA, AMD), custom ASIC and networking (AVGO, MRVL) and the diversification rebuild (QCOM). Cramer’s Thursday call is unlikely to unveil a new name so much as reinforce which lane he thinks investors should be overweight as hyperscaler CapEx compounds. On the AI infrastructure side, “real countries are buying these chips in droves for their sovereign AI programs” is the demand story that keeps expanding beyond the handful of U.S. hyperscalers. That backdrop is what keeps this sector at the center of investor attention.
Contact [email protected] for any questions or corrections.
ON Semiconductor ve 2. čtvrtletí 2026 více než zdvojnásobil výnosy z datových center s AI a volný peněžní tok vzrostl na 425,4 mil. USD. Firma zároveň zvedla výhled hrubé marže na 40,0 % až 42,0 % pro 3. čtvrtletí.
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ON Semiconductor keeps making the case for accumulation, and the Q2 2026 report only strengthened it. Call it a study in conviction. The company I first bought as an auto-and-industrial cyclical is quietly becoming something else, and the market is still pricing it like the old story.
Here is what pulls me back. ON Semiconductor (NASDAQ:ON | ON Price Prediction) sells the intelligent power and silicon carbide content that goes inside AI server racks, EV powertrains, and grid-scale energy storage. CEO Hassane El-Khoury put it plainly on the Q2 call: “As the only broad-based U.S. power semiconductor supplier with technologies spanning the full AI power tree, we are uniquely positioned to support this transition from the grid all the way to the processor.” The thesis, in short: exposure to the whole power tree of AI, from the grid connection all the way to the processor.
The Receipts Behind the Conviction
AI data center revenue more than doubled year over year in Q2, and management expects the segment to more than double in full-year 2026. Content per rack is running at $15,000 today and the company is targeting $115,000 per rack by 2030. The addressable market they now see: $12 billion expanding to roughly $50 billion by 2030. That is the growth engine.
The cash story is what finances my accumulation. Free cash flow reached $425.4 million in Q2 2026, growth of 300.94% year over year. Non-GAAP gross margin came in at 39.3%, and Q3 guidance calls for 40.0% to 42.0%. Utilization moved from 77% to 83%, and CFO Thad Trent said the math is “25 to 30 basis points of gross margin improvement for every point of utilization.” That is operating leverage I can measure.
Capital return closes the loop. With no dividend in place, ON channels capital return entirely through buybacks, repurchasing roughly 105% of free cash flow to shareholders year to date, with $332 million repurchased in Q2 alone under a new $6 billion authorization over three years. FY2025 buybacks totaled $1.377 billion, roughly 100% of that year’s free cash flow. A shrinking share count against a rising earnings base is how shareholders benefit.
Why ON Stands Out Among Power Semi Peers
Texas Instruments (NASDAQ:TXN) is the default quality name in analog power, and Wolfspeed (NYSE:WOLF) is the pure-play silicon carbide bet. My money goes to ON because it holds the verified NVIDIA MGX design wins, an AWS power-supply and battery-backup design win, the Rivian R2 platform win, and silicon carbide revenue in China auto growing between 60% and 70% year over year. That combination of AI, EV, and industrial power inside one balance sheet is what I cannot replicate with the alternatives.
The Risk I Am Willing to Underwrite
The trailing P/E sits near 262 because earnings are still climbing out of the FY2025 trough. If AI data center demand slips or the Synaptics integration goes sideways, that multiple will bite. The Analog and Mixed-Signal Group also declined 2% year over year in Q2, a reminder that the recovery is uneven. My thesis holds because book-to-bill has been running well above 1 for several quarters and lead times stretched from 27 weeks to 32 weeks. Some customers are already ordering into 2028 to lock up supply. That tells me capacity is the current constraint.
The accumulation case rests on a simple point: the power tree of AI has to be built by someone, and few peers offer comparable exposure to that build-out at this valuation reset.
Contact [email protected] for any questions or corrections.
World Liberty Financial odložila plánovaný prodej tokenu navázaného na maledivský resort kvůli válce s Íránem, která narušila cestovní ruch v regionu. Token měl jít do prodeje příští rok a investorům dát podíl na výnosech z úvěrů financujících resort.
World Liberty Financial, the cryptocurrency project backed by the Trump family, delayed plans to sell a token related to a resort in the Maldives.The token’s sale has been pushed back due to the Iran war disrupting travel in the region.The venture is part World Liberty Financial’s plans in tokenization, the representation of RWAs on blockchains in token form. WLFI is exploring this concept not just in real estate, but in commodities like oil and gas.World Liberty Financial, the cryptocurrency project backed by the Trump family, delayed plans to sell a token related to a resort in the Maldives, Bloomberg reported on Friday.
The token was planned to go on sale next year, giving investors a share of revenue from loans financing the Trump-branded resort, but this has been pushed back due to the Iran war disrupting travel in the region, according to the report, citing people familiar with the matter.
World Liberty Financial tapped real-world asset (RWAs) platform Securitize in February to help represent loan interests tied to the resort’s development as a digital token that could be traded onchain.
It is unclear when the token will now be listed.
The venture is part World Liberty Financial’s plans in tokenization, the representation of RWAs on blockchains in token form. WLFI is exploring this concept not just in real estate, but in commodities like oil and gas.
A World Liberty Financial spokesperson declined to comment, according to Bloomberg’s report. The company did not immediately respond when contacted by CoinDesk for additional comment.
The protocol’s native token WLFI rose by 2.7% on the news before giving back all of the gains and returning to parity. It is now down by 88.5% from its record high in September, 2025.
Oksenholt Capital Management zpochybnila ocenění Freddie Mac od Pershing Square a tvrdí, že jeho zisky by měly nést alespoň stejný P/E násobek jako Fannie Mae. Podle firmy by posun z 13x na 16x zvýšil hodnotu FMCC zhruba na 54,31 USD na akcii.
The same business deserves the same multiple. On the evidence, Freddie may deserve more.
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Oksenholt Capital Management LLC today released a valuation analysis challenging Pershing Square’s decision to value Freddie Mac (FMCC) at a materially lower earnings multiple than Fannie Mae (FNMA).
"Freddie’s normalized earnings deserve at least Fannie’s multiple. When you look at the capital efficiency, growth and competitive momentum, I think there is a real argument that Freddie should get the higher multiple.”
Share Let’s start with where we agree. Bill Ackman and Pershing Square have done valuable work showing why Fannie and Freddie may be worth far more than today’s market prices imply. These are exceptional franchises. Our disagreement is narrower, but important. Pershing’s January 16, 2025 presentation valued Fannie at roughly 15.0x earnings and Freddie at 14.5x. [1] Its November 18, 2025 relisting presentation moved Fannie up to 16.0x and Freddie down to 13.0x. [2] The businesses did not suddenly become three turns apart. The operating record points the other way.
“Bill Ackman is obviously a very smart and successful investor. That doesn’t mean he gets every assumption right,” said Jon Oksenholt, founder of Oksenholt Capital Management LLC. “On this one, I think Pershing has it backward. Freddie’s normalized earnings deserve at least Fannie’s multiple. When you look at the capital efficiency, growth and competitive momentum, I think there is a real argument that Freddie should get the higher multiple.”
Start with earnings. In the first half of 2026, Fannie earned approximately $7.7 billion and Freddie approximately $7.4 billion. We do not capitalize a single quarter or pretend reserve releases are recurring income. Our analysis normalizes reserve releases, provisions and other nonrecurring items on the same basis for both companies. Even after doing that work, we find no durable reason to pay 16x for a dollar of Fannie earnings and only 13x for the same dollar earned at Freddie.
The capital numbers matter too. Fannie reported a 10.4% illustrative return on average required CET1 for the first quarter of 2026. Using Freddie’s disclosed required-CET1 figures and first-quarter net income, we calculate a comparable return of approximately 12.3%. That is our calculation, not a Freddie-reported ROE. We use it as a cross-check, not as a shortcut. But those numbers certainly do not make the case for a discount.
Freddie has also gained ground in the market. FHFA’s 2026 deemed-issuance ratio is 52% Freddie and 48% Fannie. From 2019 through 2021, the split was 40% Freddie and 60% Fannie. Deemed issuance is not a valuation formula, and we are not pretending it is. But it is a meaningful fact: Freddie has gained ground. That should matter when somebody is trying to justify a permanent discount.
And this is not a small difference for Freddie shareholders. Keep every other Pershing assumption unchanged and move only Freddie’s multiple from 13x to 16x. The indicated FMCC value rises from approximately $44.13 to $54.31 per share. Using the modeled fully diluted share count, that is roughly $32.9 billion of equity value. The calculation is illustrative and depends on the assumed capital structure, including Treasury’s warrants and other dilution. But one unexplained assumption is moving tens of billions of dollars of value.
“A three-turn discount is a very big deal,” said Jon Oksenholt. “Fannie and Freddie have the same regulator, do essentially the same business, serve the same housing mission, issue into the same UMBS market and jointly own U.S. Financial Technology LLC. Freddie is earning about as much, using capital efficiently and gaining share. If Pershing believes Freddie deserves 13x while Fannie deserves 16x, show us the math. Freddie’s longtime and smaller shareholders deserve a voice. I intend to be that voice. One large investor’s unsupported discount should not set the terms of a merger or policy decision and shift billions away from Freddie shareholders.”
Separate or Combined, Freddie’s Value Comes First
We are not saying Fannie and Freddie have to merge. Keeping two separately traded companies may preserve real competition, benchmarking and price discovery. Ackman suggested a combination in August 2025, citing possible operating and trading synergies. [3] It remains only a proposal; no merger may ever occur, and later reporting identified substantial legal and structural obstacles. [4]
What we should not do is start the merger math with Freddie already marked down. Value both companies fairly on a standalone basis first. Set the exchange ratio second. Then add the merger savings and share them fairly. Those savings come from the transaction; they should not be used as an excuse to take value from Freddie shareholders before the deal even starts.
The Multiple May Be Too Low for Both
The debate may not end at 13x versus 16x. Fannie and Freddie are scarce, government-chartered mortgage franchises with recurring guaranty-fee income, enormous barriers to entry and indispensable roles in U.S. housing finance. They also share the infrastructure behind the UMBS market. Very few businesses occupy comparable positions.
Relisting, a real path out of conservatorship, retained earnings, capital reform, operating savings and policy action under President Trump could support much higher valuations over time. Nobody knows the timing or the final terms. Still, plenty of companies with weaker businesses trade at higher multiples. We can debate the right absolute number separately. The point here is much simpler: we do not see a sound reason for starting Freddie three turns below Fannie.
Look Forward, Not Backward
The current conservatorship is not supposed to be the permanent end state. In our view, the Trump administration and FHFA Chairman William J. Pulte are doing important work to improve and strengthen businesses that were neglected for far too long. Pulte recently wrote that Fannie and Freddie "continue the historic ascension under President Trump." [5] FHFA has also emphasized efficiency, accountability, growth and changes intended to improve the mortgage market. We welcome that direction. These companies should be run as strong businesses, and investors should value what they may become rather than only the structure they inherited.
President Trump has been direct as well. He has said publicly that he is working on “TAKING THESE AMAZING COMPANIES PUBLIC.” In a 2021 letter to Senator Rand Paul, he said he would have directed FHFA to release the enterprises from conservatorship and called the prior treatment of investors a “travesty.” We do not claim to know the timing, structure or treatment of any security. We do take the direction seriously. We believe investors should analyze Fannie and Freddie as future public companies, not permanent wards of the government.
If you look at the companies that way, 13x versus 16x may eventually seem like the smaller argument. Relisting, a cleaner capital structure and an exit from conservatorship could bring in investors who cannot or will not own these securities today. If the companies are combined, there could be real savings and enormous scale. But Freddie’s value has to be protected first. Establish a fair exchange ratio, and only then divide the benefits created by the merger.
“A lot of the market is waiting to see what the government does next. I understand that,” said Jon Oksenholt. “But as investors, we also have to look at what these companies could be before, during and after relisting or an eventual exit from conservatorship. When I do that, I do not see a reason Freddie should get a lower multiple today. And I think there is a fair question whether both companies may eventually be worth more than 16x.”
Supporting Valuation Analysis
The accompanying Oksenholt Capital Management LLC Freddie Mac Valuation Analysis provides the calculations, comparisons and supporting charts discussed here.
About Oksenholt Capital Management LLC
Oksenholt Capital Management LLC is a private investment firm focused on fundamental, long-term opportunities and special situations.
Important Information
This information and the accompanying valuation analysis are for informational and illustrative purposes only. They are not investment, legal or tax advice, and are not a recommendation, offer or solicitation to buy or sell any security. Information comes from sources believed reliable, but Oksenholt Capital Management LLC does not guarantee its accuracy or completeness. The analyses, estimates and opinions are current only as of the date presented and may change without notice. Oksenholt Capital Management LLC and/or its affiliates hold positions in GSE securities, including Freddie Mac common shares and Fannie Mae and Freddie Mac junior preferred securities, and may change those positions at any time. References to Pershing Square and Bill Ackman rely on publicly available information and are made solely for investment analysis and comparison. Oksenholt Capital Management LLC alleges no misconduct or improper motive.
Sources and Reference Materials
[1] Pershing Square, Fannie Mae and Freddie Mac Presentation, January 16, 2025, pp. 88–89.
[2] Whitney Tilson’s Daily, summary of Pershing Square’s November 18, 2025 Fannie Mae and Freddie Mac presentation (including the 16.0x / 13.0x framework), November 19, 2025.
[3] Reuters, Investor Bill Ackman Proposes Combining Fannie Mae and Freddie Mac, August 10, 2025.
[4] Reuters, Pershing Square’s Ackman Says Fannie-Freddie IPO ‘Not Feasible or Desirable’ Now, November 18, 2025.
[5] William J. Pulte (@pulte), X post: "I am excited to spend even more time on Fannie Mae and Freddie Mac, as the companies continue the historic ascension under President Trump." https://x.com/pulte/status/2083605173855801528
Freddie Mac Slide Presentation: https://oksenholtcapital.com/equities#freddie-mac-slide-presentation
Freddie at a Glance: https://oksenholtcapital.com/equities#freddie-at-a-glance
Hyperliquid spouští HIP-4, který mění poplatky u výsledkových trhů a zavádí postupné zavádění na mainnetu. Developeři budou zpočátku omezeni na 100 souběžných výsledků a 500 nasazení výsledků denně.
Hyperliquid announces HIP-4 has rolled out multiple new features: Deployers can now add named results after a question is created, with the new results’ initial balances matching the pending fallback balance; Template instantiation now requires setting a deployerFeeScale — a fee multiplier similar to HIP-3, which deployers can configure between 0 and 10 to charge result fees; A new shortString type hint has been added for template-side names, simplifying interface field parsing; Settlement details have been pruned from L1 state, so dependent node APIs or precompiled application readers can index required data independently; Multiple new template sets have been added to the testnet, with template IDs using sequential suffixes — all except the highest sequential ID in each set are marked as deprecated templates. After the next network upgrade, the fee mechanism will activate for validator-deployed result markets, with the average transaction fee for these markets set at half the rate of non-result spot trades. The HIP-4 mainnet launch will follow a conservative phased rollout: Each deployer will initially be capped at 100 concurrent results and a maximum of 500 result deployments per day; Once the technology stabilizes, these limits are expected to quickly rise to 1000 concurrent results and 5000 daily deployments, with further limit increase plans to be developed based on feedback.
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Bitcoin longové pozice jsou pod tlakem, protože cena klesá k měsíčním minimům a hrozí likvidace pákových obchodů. Binance open interest zároveň klesl z maxima 8,15 miliardy USD.
Bitcoin (BTC) long positions are coming under pressure as increased volatility points to an imminent range breakout. Analysts have observed that recent moves in the BTC price are heightening the risk of liquidation for leveraged traders, particularly as the market challenges new monthly lows.
Rising threats for Bitcoin long positionsAnalysts have noted multiple threats to long positions as Bitcoin price action edges closer to the lowest levels seen in August. The combination of declining prices and market-wide shifts in derivative positioning has created an uncertain environment for bullish traders. Community analyst BorisD, writing on onchain analytics platform CryptoQuant, pointed out that leveraged long BTC positions are increasingly being liquidated as BTC/USD approaches month-to-date lows.
Recent data show a growing correlation between Bitcoin’s price and open interest (OI) on Binance. As both dropped on Thursday, the correlation reached 0.25. Open interest, which measures the total value of active derivative positions in the market, had been on a steady upward trajectory until recently, peaking at $8.15 billion on Wednesday.
“In the Bitcoin market, the Binance Open Interest (OI) Correlation and liquidation warning signals clearly reveal the process of leveraged positions being flushed out. Initially, as the price fell, the correlation shifted to the negative side, indicating that OI was rising despite declining prices,” BorisD stated.
“The simultaneous drop in both price and OI indicates that leveraged long positions are giving up, getting stopped out, or facing liquidation.”
The current market turmoil is evident in the 24-hour liquidation data, with CoinGlass reporting total cross-crypto liquidations hitting $236 million at the time of publication.
Mini dictionary: Open interest (OI) refers to the total number of outstanding derivative contracts, such as futures or options, that have not been settled. It is a metric widely used to gauge trading activity and market sentiment in derivatives markets.
MetricRecent ValueEarlier ValueBinance Open Interest$8.15 billion(peak) on Wednesday24h Crypto Liquidations$236 million(latest data)Correlation (Price & OI)0.25(Thursday)Binance open interest and leveraged liquidationsThe relationship between price and open interest is a crucial indicator of market sentiment. As the Bitcoin price began to fall, open interest at Binance initially continued to rise, suggesting that traders were increasing positions despite weakening spot prices. This divergence later gave way to a parallel decline in both price and OI, which analysts interpret as a sign of forced closing or liquidation of long positions.
The overlapping drop in both price and open interest has led to speculation that the market is undergoing a “cleanout” of excessive leverage and risk-taking. The swift shift in correlation values highlights this transitional phase, with leveraged traders appearing to exit en masse amid price volatility.
CryptoQuant CEO weighs in: “No bull market yet”CryptoQuant is a leading onchain analytics company that provides data-driven insights for investors and traders in the digital assets space. Its CEO, Ki Young Ju, shared his perspective on the current market conditions via social media. He wrote that a new Bitcoin bull market is yet to materialize, referencing several onchain indicators that remain in what he termed “bear” territory.
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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.
Hyperscale Data (NYSE American: GPUS) sold roughly 685 Bitcoin for approximately $43 million, using the proceeds to slash about $30 million in debt and funnel remaining capital into its Michigan AI data center campus. The company now holds around 275 Bitcoin, down from over 1,000 just weeks ago.
The numbers behind the sell-off As of July 19, Hyperscale Data’s Bitcoin stash sat at 1,087.4527 BTC, valued at roughly $70.3 million at the time. Then came a sale of approximately 100 Bitcoin in late July, earmarked for the Michigan data center project. The 685-coin sale announced around August 14 was considerably larger, generating around $43 million in gross proceeds.
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Of that $43 million, an estimated $30 million went directly toward paying down corporate debt. The remainder is being directed toward expanding the company’s AI data center operations through its subsidiary Sentinum.
Executive Chairman Milton “Todd” Ault III affirmed that Bitcoin will remain central to the company’s strategy, positioning the sale as a capital allocation decision rather than a philosophical shift away from crypto.
Why Michigan, why now Hyperscale Data operates at the intersection of two capital-hungry industries: Bitcoin mining and AI data centers. The dual-track approach, running Bitcoin mining alongside AI data center operations via Sentinum, lets the company play both sides.
Selling 685 BTC for $43 million implies an average sale price of roughly $62,700 per coin. The debt reduction cuts $30 million in liabilities, improves interest coverage, frees up future cash flow, and leaves 275 Bitcoin still on the balance sheet as residual crypto exposure.
The company also plans to divest Ault Capital Group in 2027 to concentrate efforts more squarely on data centers and digital asset management.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Hedgeový fond Verition Fund Management zvýšil pozici v Bitcoin ETF o 19 % na 3,07 milionu akcií v hodnotě zhruba 110 milionů USD. Podle článku ale není jasné, zda jde o IBIT od BlackRocku, nebo o jiný Bitcoin ETF.
Verition Fund Management, a Connecticut-based hedge fund overseeing roughly $15 billion in assets, has reportedly increased its Bitcoin ETF holdings by 19%. The move brings the firm’s total position to 3.07 million shares valued at approximately $110M.
The numbers and the nuance
The most recent publicly available 13F filings, covering Q1 2026 and submitted in May, showed Verition holding roughly 238,911 shares of BlackRock’s iShares Bitcoin Trust (IBIT) worth about $9.2M. That Q1 figure actually represented an 87% reduction from the prior quarter.
The gap between the Q1 filing and the reported 3.07 million shares is significant. It suggests one of two possibilities: either Verition dramatically reversed course after Q1 and loaded up on Bitcoin ETF shares in Q2, or the position involves a different Bitcoin ETF product entirely, not IBIT.
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Institutional sentiment is anything but uniform
The first quarter of 2026 saw a general decline in professional Bitcoin ETF holdings when measured in equivalent Bitcoin terms. Millennium Management, one of the most closely watched names in the hedge fund world, notably cut its IBIT stake during the same period.
Why Bitcoin ETFs remain the institutional on-ramp
Spot Bitcoin ETFs have fundamentally changed how traditional finance interacts with crypto. Before their approval, institutions that wanted Bitcoin exposure had to navigate custody solutions, prime brokerage relationships, and compliance headaches. ETFs simplified that equation dramatically, with custody handled by established players like Coinbase within a clear regulatory framework.
For perspective, $110M buys roughly 1,000 to 1,200 Bitcoin at recent price levels.
What to watch next
The key date to circle is the next 13F filing deadline. That’s when Verition’s Q2 2026 holdings will become public record, confirming or complicating the reported 19% increase. It will also reveal which specific Bitcoin ETF product the fund is accumulating, whether that’s BlackRock’s IBIT, Fidelity’s FBTC, or another issuer.
As of mid-August 2026, no widespread reports have corroborated Verition’s 19% position increase, suggesting it may mark a breaking development ahead of the forthcoming 13F filing cycle.
Verition was founded in 2008 and has navigated multiple market cycles. The firm operates as a diversified multi-manager platform focusing on absolute returns through strategies including credit, macroeconomic, event-driven, equity long/short, and quantitative.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bank Leumi plánuje od začátku roku 2027 nabídnout 2,5 milionu klientů obchodování s Bitcoinem, Ethereum a Solanou přes Leumi Trade a aplikaci Pepper. Čeká ale ještě na schválení izraelské centrální banky.
Israel’s largest commercial bank is finally ready to put crypto on the same screen as your savings account. Bank Leumi has announced a partnership with Galaxy Digital and its custody subsidiary GK8 to offer trading in Bitcoin, Ethereum, and Solana directly through its Leumi Trade platform and Pepper mobile app, with a planned rollout in early 2027.
The bank’s roughly 2.5 million retail clients would be able to buy, hold, and sell digital assets alongside stocks and bonds, all in one place. Leumi will handle custody through GK8’s infrastructure and take responsibility for tax compliance on behalf of customers.
The second act
This is not Leumi’s first attempt at getting into crypto. In 2022, the bank tried to launch Bitcoin and Ethereum trading through a partnership with Paxos, only to shelve the whole project when the Bank of Israel declined to grant regulatory approval.
What’s changed since then is the regulatory environment. Israel has made meaningful progress on its framework for virtual asset service providers, creating a clearer path for banks that want to offer digital asset services. That updated landscape is what makes this 2026 announcement feel more durable than its predecessor, though final sign-off from the Bank of Israel is still pending.
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Galaxy Digital’s announcement of the partnership came in mid-August 2026. The involvement of GK8, a custody-focused subsidiary, addresses one of the thorniest problems banks face when integrating crypto: keeping clients’ assets safe without taking on operational risk the bank can’t manage.
Why 2.5 million clients is a meaningful number
Bank Leumi is not a niche fintech running a pilot for early adopters. It is the largest commercial bank in Israel, with a retail customer base that spans essentially every demographic. Dropping a crypto trading feature into an app that 2.5 million people already use for mortgages, payroll, and bill payments is a very different distribution strategy than launching a standalone exchange.
The specific mechanics of the service, including fees, withdrawal options, and the granular details of how custody works in practice, have not been publicly disclosed yet. The structural architecture is clear: Leumi owns the client relationship, GK8 owns the security infrastructure, and Galaxy Digital provides the broader digital asset expertise tying it together.
What this means for the Israeli market and beyond
More than 25% of Israel’s population has engaged with cryptocurrencies, according to available reports. A green light from the Bank of Israel for Leumi’s new service would carry symbolic weight that goes beyond the bank itself, given that Galaxy Digital oversees approximately $9 billion in client assets and holds the necessary financial licenses.
Israel’s regulatory environment has also seen relaxed deposit requirements for funds originating from digital assets, showcasing a more accommodating environment for banks to integrate crypto services. The Leumi model, combining an established custody partner with an existing retail app, offers a blueprint that competitors could replicate without building from zero.
There is still a meaningful caveat sitting over all of this: regulatory approval. Leumi’s 2022 effort is a reminder that bank announcements and bank launches are not the same thing. The Bank of Israel will need to formally bless the arrangement before a single client can execute a trade.
What to watch between now and early 2027: the Bank of Israel’s formal response, the fee structure Leumi chooses to publish, and whether any competing Israeli banks announce similar partnerships in the months that follow.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
XRP se drží kolem 1,01 USD, zatímco velcí držitelé během jednoho dne nakoupili přes 72 milionů tokenů. Spot XRP ETF zároveň přilákaly tento týden čistý příliv 2,25 milionu USD.
Ripple’s XRP hovered near $1.01 on Friday, keeping just above the key $1 mark after recording its most bearish daily close since November 2024. The token remains down about 69% from its January 2025 peak of $3.30, continuing to lag beneath major technical averages.
Major holders boost accumulationDespite the recent downturn, large investors are actively increasing their XRP positions. Blockchain analytics specialist Ali Martinez reported that whales amassed over 72 million XRP within a 24-hour period. Martinez questioned whether these acquisitions suggest that major players may be positioning themselves ahead of an anticipated price recovery.
Ali Martinez observed that major XRP holders accumulated more than 72 million tokens in a single day, raising questions about whether significant investors are preparing for a potential bull rally.
This accumulation trend extends beyond one day. According to Santiment, the number of addresses holding at least 1 million XRP has grown by 32 over the last three months, bringing the total to approximately 2,033. These large wallets acquired over 380 million XRP during the week ending August 9, pushing their total holdings above 8 billion XRP, currently valued at around $8.2 billion.
ETF inflows and shifting investor behaviorInstitutional activity remains favorable even as price action struggles. SoSoValue data shows that spot XRP exchange-traded funds recorded $2.25 million in net inflows by Thursday of the current week. If the week closes in positive territory, this would be XRP’s fifth straight week with net ETF inflows, reflecting persistent institutional appetite.
Investor behavior also indicates greater focus on self-custody. Around 81% of XRP withdrawals from Binance moved to private wallets, hinting that holders are opting to store assets away from exchanges for longer holding periods.
Recent data reveals a rise in blockchain activity as well. The average number of daily active wallets climbed to roughly 35,700 in August, up from 26,400 in July. August 11 marked the highest on-chain activity since early June. The rate of new XRP address creation held steady at about 2,260 per day, suggesting that increased engagement stems mainly from existing participants rather than new entrants.
Key levels and technical outlookWith XRP’s realized price at approximately $0.75—below the spot price near $1.01—the token has yet to retest historically discounted levels seen at previous market cycle lows. Technically, XRP trades under its 50-day EMA at $1.09, 100-day EMA at $1.17, and 200-day EMA at $1.36. The Relative Strength Index stands at 36, below the neutral 50, and the MACD still points to negative momentum.
Analyst Diana identified support at $0.87, with a critical decision area between $0.77 and $0.80. Resistance is expected near $1.06, where roughly 3 billion XRP are positioned at their cost basis.
Cryptocurrency analyst Diana emphasizes that XRP’s next critical move hinges on active support zones around $0.87, with immediate resistance levels concentrated near $1.06 as large volumes gather at these price points.
If current supports persist, Diana’s upside targets range from $1.46 to $3.56–$3.66, approaching the prior all-time high. This outlook underscores the significance of monitoring price action closely, particularly as technical indicators reach pivotal levels.
In an environment where one Federal Reserve decision or a surprise altcoin listing can trigger rapid price swings, traders have become more attentive to real-time data and market alerts. Many investors are turning to privacy-first platforms such as CryptoAppsy, which provide live charting, portfolio monitoring, smart price notifications, coin-specific headlines, and macroeconomic data on a single interface—without requiring registration or account creation.
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.
BridgeBio Pharma oznámila cenu sekundární nabídky 5 milionů akcií od KKR Genetic Disorder L.P.; společnost sama žádné akcie neprodává a nezíská žádný výnos.
- The transaction supports the evolution of the Company’s shareholder base toward further high-quality, long-term ownership
PALO ALTO, Calif., Aug. 14, 2026 (GLOBE NEWSWIRE) -- BridgeBio Pharma, Inc. (Nasdaq: BBIO) (“BridgeBio”), a commercial-stage, multi-product biopharmaceutical company focused on developing medicines for genetic conditions, announced today the pricing of a secondary offering of 5,000,000 shares of its common stock by the selling stockholder KKR Genetic Disorder L.P. The Company is not selling any shares and will not receive any of the proceeds of the offering. The offering is expected to close on August 17, 2026, subject to customary closing conditions.
William Blair, Goldman Sachs & Co. LLC and KKR Capital Markets LLC are acting as joint book-running managers for the offering.
The securities described above are being offered pursuant to an automatic shelf registration statement on Form S-3ASR (File No. 333-297701) that was previously filed by the Company with the Securities and Exchange Commission (the “SEC”) and automatically became effective upon filing on July 24, 2026.
A prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. A copy of the prospectus supplement and accompanying prospectus can be obtained, when available, by contacting William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, Illinois 60606, by telephone at 1-800-621-0687 or by email at [email protected]; Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing [email protected]; KKR Capital Markets LLC, 30 Hudson Yards, Suite 7500, NY, NY 10001; or by accessing the SEC’s website at www.sec.gov.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About BridgeBio Pharma, Inc.
BridgeBio exists to develop transformative medicines for genetic conditions. Millions of people worldwide living with genetic conditions lack treatment options, often because drug development for small patient populations can be commercially challenging. We aim to bridge the gap between advancements in genetic science and meaningful medicines for underserved patient populations. Our decentralized, hub-and-spoke model is designed for speed, precision, and scalability. Autonomous and empowered teams focus on individual conditions, while a central hub provides the clinical, regulatory, and commercial capabilities needed to bring innovation to market.
BridgeBio Pharma, Inc. Forward-Looking Statements
This press release contains forward-looking statements. Statements in this press release may include statements that are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which are usually identified by the use of words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “will,” and variations of such words or similar expressions. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. These forward-looking statements reflect our current views about our plans, intentions, expectations and strategies, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations and strategies as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a number of risks, uncertainties and assumptions, including, but not limited to, those risks set forth in the Risk Factors section of our Annual Report on Form 10-K for the year ended December 31, 2025, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 filed with the SEC on August 10, 2026 and our other filings with the SEC. Moreover, we operate in a very competitive and rapidly changing environment in which new risks emerge from time to time. These forward-looking statements are based upon the current expectations and beliefs of our management as of the date of this press release, and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as required by applicable law, we assume no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Morgan Stanley ve svém podání u SEC zveřejnila nové podíly ve třech XRP ETF a 50 540 akcií v SPAC Armada Acquisition Corp II spojeném s Evernorth Holdings. XRP ETF zároveň ve čtvrtek přilákaly čistý příliv 2,25 milionu USD.
Morgan Stanley disclosed new holdings in three XRP ETFs through a Q2 2026 SEC filing.
The bank also revealed 50,540 shares in Ripple backed Evernorth Holdings’ SPAC, Armada Acquisition Corp II.
The XRP ETF positions are small compared to Morgan Stanley’s other crypto investments.
Spot XRP ETFs saw 2.25 million dollars in inflows this week, though total assets under management dropped.
XRP price traded near 1.01 dollars with mixed signals in futures open interest.
Morgan Stanley has disclosed new holdings tied to XRP through a fresh regulatory filing. The investment bank revealed positions in three separate XRP exchange traded funds.
The disclosure came through a 13F filing for the second quarter of 2026, submitted to the US Securities and Exchange Commission. Morgan Stanley manages more than 1.9 trillion dollars in its investment portfolio.
The filing showed the bank holds 6,715 shares in Franklin’s XRP fund. It also listed 255 shares in the REX-Osprey XRP fund and 67 shares in the Bitwise XRP fund.
🚨BREAKING: MORGAN STANLEY EXPANDS XRP ETFs & EVERNORTH SPAC ARMADA's EXPOSURE
50,540 Shs in Evernoth Holdings SPAC Armada Acquisition Corp II
Q1: Volatility Shares XRP ETF (1,700 Shs),…
— Rednirav (@CryptoRednirav) August 14, 2026
Morgan Stanley’s Growing Crypto Exposure
These new positions follow a pattern from earlier in the year. In the first quarter of 2026, Morgan Stanley held Grayscale’s XRP fund and a Volatility Shares XRP fund.
That earlier disclosure led to speculation that Morgan Stanley might launch its own XRP fund. The bank had already rolled out Ethereum and Solana funds before that speculation began.
The XRP holdings remain small next to Morgan Stanley’s broader crypto book, which includes larger Bitcoin and Ethereum fund positions. Even so, the filing shows the bank continuing to build out its XRP exposure.
Morgan Stanley also disclosed 50,540 shares in Armada Acquisition Corp II, the SPAC partner working with Ripple backed Evernorth Holdings. This filing came one day after JPMorgan Chase reported its own holdings in a Bitwise XRP fund, a Grayscale XRP fund, and the Evernorth SPAC.
XRP ETF Flows and Price Action
Spot XRP ETFs in the US continue to draw interest from institutions. On Thursday, these funds recorded 2.25 million dollars in combined inflows.
Bitcoin funds saw redemptions on the same day. The Bitwise XRP fund was the only XRP product to post inflows.
Data from SoSoValue shows XRP funds have taken in 1.51 million dollars total since launch. Total assets under management fell to 942.25 million dollars, down from a peak above 1.25 billion dollars.
That drop happened even as banks like Morgan Stanley and JPMorgan added XRP exposure. The price of XRP has stayed fairly flat during this period.
XRP traded near 1.01 dollars over the past day. The 24 hour low was 0.998 dollars and the high was 1.01 dollars.
XRP Price on CoinGecko
Trading volume fell 22 percent over the same 24 hour window. The number of wallets holding more than one million XRP coins has grown.
Still, price forecasts point to selling pressure building near the 1 dollar mark. XRP needs to close above a key trendline resistance to change that outlook.
Futures data from Coinglass shows open interest fell 1.23 percent to 2.69 billion dollars. At the same time, open interest on the CME exchange rose 1.84 percent within a single hour, pointing to fresh institutional futures activity even as spot markets stayed quiet.
FG Nexus prodala veškerá digitální aktiva a ukončila svou Ethereum treasury strategii. V první polovině roku vykázala z těchto operací ztrátu 45,207 milionu USD.
FG Nexus sold all its digital assets before June 30, ending its Ethereum treasury strategy entirely.
First-half digital asset operations lost $45.207 million, while staking generated only $144,000.
ETH sales brought in $60.956 million cash, with another $14.983 million collected in July.
The company held 50,770 ETH at its peak in September 2025 before starting the unwind.
Management plans to shift capital into manufactured housing real estate, though no FG Communities deal is final.
FG Nexus has closed the book on its Ethereum treasury plan. The Nasdaq-listed company disclosed in an Aug. 12 filing that it sold all of its digital assets before June 30, 2026.
The filing reclassifies the digital asset business as discontinued operations. That means the company no longer counts crypto as part of its core business going forward.
FG Nexus received $60.956 million in cash from ETH sales during the first half of the year. Another $14.983 million was still owed at quarter end, and that amount was fully collected in July.
Nasdaq-Listed FG Nexus Sold All Its Digital Assets by June 30, Ending Its Ethereum Treasury Strategy Less Than a Year After Launch; ETH Holdings Had Peaked Above 50,000
Nasdaq-listed FG Nexus sold all its digital assets by June 30 and held no cryptocurrency at quarter-end,… pic.twitter.com/ZgUuDVNNK3
— Wu Blockchain (@WuBlockchain) August 14, 2026
The Cost of the Ethereum Bet
The exit came at a steep price. FG Nexus reported a $45.207 million loss tied to its discontinued digital asset operations for the first six months of 2026.
That figure includes a $41.167 million loss on the ETH holdings themselves. It also includes a $2.793 million impairment on digital intangible assets and $1.789 million in general and administrative costs.
Staking revenue, meanwhile, added up to just $144,000 over the same period. The company’s total consolidated net loss for the first half reached $56.928 million.
The strategy began in July 2025, when FG Nexus said Ethereum would become its primary treasury asset. By Sept. 28, the company held 50,770 ETH, worth about $207 million at the time, with an average purchase price near $3,860.
The plan was funded with $200 million raised specifically for the Ethereum push. The company aimed to generate returns through staking and other opportunities tied to the asset.
By June, FG Nexus was already unwinding the position. A separate report showed the company moving another 10,000 ETH as losses on the treasury kept growing.
New Direction for the Cash
On July 1, FG Nexus announced its board had approved a full exit from digital assets. The plan is to build a real estate subsidiary focused mainly on manufactured housing properties with land leases.
CEO Kyle Cerminara said the company intends to move its capital from digital assets into real estate that produces steady cash flow. That plan is still forward looking and has not been finalized.
FG Nexus is also weighing a possible deal with FG Communities. The filing states that board discussions remain early stage, with no agreement reached yet.
An independent special committee is reviewing the potential transaction. It has hired a financial adviser to provide a fairness opinion before any deal moves forward.
The ETH sales have boosted the company’s cash position. FG Nexus reported $24.9 million in cash and equivalents at June 30.
After collecting the ETH receivable and receiving $15.5 million from the redemption of FG Merger II shares, cash climbed to about $51.4 million by July 31.
The company’s existing property in Quebec remains on its books. An earlier proposal to sell that property is now unlikely to close.
Shares of FG Nexus traded at $7.59 on Aug. 13, up about 8.9% from the prior close. That move follows the company’s earlier July 1 announcement of its crypto exit, so it cannot be tied only to the quarterly filing itself.
JPMorgan v Q2 výrazně zvýšil expozici vůči Bitcoin a Ethereum ETF. Zároveň se vrátil k XRP prostřednictvím dvou ETF pozic a nově přidal i Bitwise Solana Staking ETF (BSOL).
JPMorgan, with AUM of $5.1 trillion, has revealed its quarter two (Q2) report with the U.S SEC. Its latest SEC filing shows a sharp rise in Bitcoin exposure and a 338% jump in Ethereum ETF holdings.
The bank also returned to XRP through two ETF positions and added a new position in the Bitwise Solana Staking ETF.
JPMorgan Doubles Down on Bitcoin ETF ExposureAccording to JPMorgan’s Q2 2026 13F filing, the bank held a combined 10.4 million shares of BlackRock’s IBIT, worth about $355.7 million as of June 30. These shares appear across three separate IBIT fund entries in the filing and add up to the reported total.
That marks a sharp increase from the first quarter, when JPMorgan reported about 8.3 million IBIT shares worth nearly $162 million.
JPMorgan’s options position also shifted during the quarter. IBIT call options increased to 3.94 million, while put options dropped from 4.75 million to about 3.5 million.
The increase comes even as Bitcoin ETF flows have remained unstable. U.S. spot Bitcoin ETFs recorded $131.1 million in net outflows on Aug. 13, following a much larger $61.16 million outflow on Aug. 12.
Ethereum ETF Exposure Jumps 338%JPMorgan’s Q2 filing also showed a much larger position in BlackRock’s iShares Ethereum Trust (ETHA). The bank held nearly 1.17 million ETHA shares worth about $14.3 million, marking a 338% increase from the previous quarter.
The ETHA position shows that JPMorgan has increased its exposure to both Bitcoin and Ethereum through U.S.-listed ETF products.
However, the size of the Bitcoin position remains much larger. JPMorgan’s IBIT holdings are more than 20 times the value of its reported ETHA position.
JPMorgan Added XRP Back Through ETFsThe biggest surprise in the filing may be JPMorgan’s return to XRP.
The bank’s Q1 filing showed that its Bitwise XRP ETF position had fallen from 3,870 shares to zero. The latest filing reverses that move, showing fresh exposure through both the Bitwise XRP ETF and Grayscale XRP Trust ETF.
The Bitwise position was worth about $1,356, while the Grayscale XRP ETF holding was valued at roughly $3,763.
JPMorgan also reported 19,894 shares of Armada Acquisition Corp II, worth approximately $207,295. The company is linked to a Ripple-backed deal and trades under the XRPN ticker.
In addition, JPMorgan initiated a new position in the Bitwise Solana Staking ETF (BSOL), holding roughly 47,500 shares.
The next 13F filing, expected in November, will show whether the bank continued adding Bitcoin, Ethereum, and XRP exposure during Q3 or reduced its positions.
Story Ends Here
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SecondFi ukončuje provoz a spouští nástroj pro migraci peněženek, který má být dostupný 13. srpna. Pro postižená aktiva plánuje recovery portál do 10. září.
Cardano ecosystem wallet project SecondFi has announced the launch of a wallet migration tool and unveiled a recovery plan for assets affected by the June 2026 incident. SecondFi stated that as the project will cease operations, users need to migrate remaining assets still held in SecondFi wallets. The migration tool is scheduled to go live on August 13, supporting eligible ADA, Cardano-native tokens, and NFTs to be transferred to new Cardano wallets created by users’ chosen service providers. The tool currently only supports Cardano network assets; non-Cardano assets must be transferred separately via their respective networks and wallet processes. SecondFi noted that the migration tool has passed an independent security assessment by security firm Bitdefender, and users should read the official usage instructions and security tips before proceeding. Additionally, for assets affected by the June 2026 security incident, SecondFi plans to launch a recovery portal by September 10. Users can verify wallet ownership via zero-knowledge proof (ZK Proof) and submit claims for affected assets. SecondFi reminds users to only use links from official channels, including @secondfiapp, @secondfi_jp, and the official support website, to avoid phishing sites and impersonation accounts that have emerged recently.
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SoFi Technologies (SOFI +2.73%) shares have been on a disappointing trend. As of Aug. 12, they have fallen 32% in 2026. And they trade 45% below their peak from last November.
That performance takes away from the underlying company's solid financial results. Lending activity has been exceptional, as SoFi's loan originations totaled $14.8 billion in the second quarter (ended June 30), up 69% year over year. The growth is superb.
Personal loans continue to be the focal point, with record originations of $10.7 billion in Q2. But investors should understand where this fintech stock's credit risk actually sits.
Image source: Getty Images.
Take a closer look at the loan book
SoFi's headline numbers were terrific. Last quarter, it reported year-over-year revenue growth of 43%. Net income soared 61% compared to Q2 2025. The digital bank also added 1.1 million net new customers, and now commands a user base of 15.8 million members.
It's hard to find any faults with SoFi's impressive trajectory. As with any lender, however, there is credit risk. And because this company leans heavily on personal loans, an unsecured product with shorter terms and higher monthly payments, it's worth taking the time to look under the hood.
Of the $10.7 billion in personal loans originated in the second quarter, "$7.6 billion was originated for our balance sheet," said chief financial officer Chris Lapointe on the Q2 2026 earnings call. The rest was sold via the loan platform segment, offloading risk to third parties.
SoFi's balance sheet currently categorizes $27.6 billion, or 100%, of its personal loans as held for sale. But there isn't a strict amount that is kept or sold. It likely depends extensively on market demand and maintaining adequate capital ratios.
If a recession leads to deteriorating credit conditions that pressure borrowers' ability to make payments, SoFi could see higher defaults and losses. As of June 30, personal loans accounted for 57% of the business's entire loan book. What's encouraging, though, is that the net charge-off rate for personal loans was 3.7% in Q2, down from 4.5% in the year-ago period.
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Shareholders should certainly be encouraged by the company's ability to drive substantial personal loan growth, especially at a time when the Federal Reserve is leaning away from taking an accommodative stance and cutting rates. The demand is robust. And it could lead to durable interest or fee income for SoFi.
Don't forget, however, that an increase in originating record volume is only a positive development if credit risk is properly managed and controlled. Understanding this takes more effort on the part of investors.
So far, SoFi looks to be in good shape, as indicated by its strong financial results. But investors should pay close attention to the lending book's credit performance for any signs of weakness.
Tidewater Renewables vykázala rekordní upravený EBITDA za 2. čtvrtletí C$56 milionů díky vyšší výrobě obnovitelné nafty a programu Biofuel Production Incentive. Zvedla také výhled upraveného EBITDA pro rok 2026 na C$130 milionů až C$140 milionů.
Tidewater Renewables TSE: LCFS reported record second-quarter adjusted EBITDA of C$56 million, supported by above-nameplate renewable diesel production, stronger pricing and contributions from Canada’s Biofuel Production Incentive program.
Chief Executive Officer Jeremy Baines said the company’s HDRD complex achieved record average daily throughput of 3,315 barrels per day in the quarter, representing 111% utilization. Low-cost debottlenecking projects and facility reliability allowed the complex to operate consistently above nameplate capacity, he said.
The performance came as the company sold renewable diesel at record margins under offtake contracts indexed to U.S. import-parity pricing. Tidewater also captured an additional C$0.16 per litre of margin through the Biofuel Production Incentive, according to Baines.
Get Tidewater Renewables alerts:
Biofuel incentive agreement supports cash flow
Tidewater Renewables received conditional approval from Natural Resources Canada for the Biofuel Production Incentive during the first quarter. The company executed its contribution agreement on July 7, securing funding aligned with the HDRD complex’s full annual production capacity.
Baines said Tidewater expects to receive C$13.8 million in cash contributions covering the first and second quarters during the third quarter of 2026. Contributions are then expected quarterly in arrears.
CFO Ian Quartly said second-quarter adjusted EBITDA included C$7.7 million of expected Biofuel Production Incentive proceeds recognized during the period. The result also included C$7.7 million of adjusted EBITDA from Tidewater’s equity investment in a cattle company, primarily reflecting higher cattle prices.
SAF project targets fourth-quarter investment decision
The company continues to advance its sustainable aviation fuel project toward a final investment decision in the fourth quarter. On June 19, Tidewater executed a new initiative agreement with the Government of British Columbia that is intended to provide additional BC-LCFS credits for critical pre-final-investment-decision work.
The work includes engineering, regulatory advancement, preservation of vendor and fabrication capacity, and maintaining the project schedule, Baines said. Tidewater expects to receive the BC-LCFS credits in the third and fourth quarters as milestones are achieved.
In response to an analyst question, Baines said a final investment decision depends on a supportive regulatory environment, including targeted amendments under the Clean Fuel Regulations and other potential programs supporting Canada’s sustainable aviation fuel sector. He put the project’s estimated capital cost at about C$1.2 billion and said the company has completed a class 3 front-end engineering design study.
Baines said the project would have a three-year construction period and could enter service in 2030. Tidewater expects it could contribute funds from operating cash flow during construction and is also evaluating potential investment from a First Nations partner and other interested parties.
Guidance rises as leverage declines
Tidewater increased its 2026 adjusted EBITDA guidance for the renewables business to C$130 million to C$140 million. The company raised consolidated adjusted EBITDA guidance to C$230 million to C$250 million, up 20% at the midpoint from its prior outlook.
Quartly attributed the higher guidance to increased facility utilization, sustained strength in forward crack spreads, and improved renewable diesel and emissions-credit pricing. Forecast 2026 capital expenditures for Tidewater Renewables remain unchanged at C$2 million to C$3 million.
The company reduced Tidewater Renewables’ debt by C$13.5 million during the second quarter. Its debt-to-adjusted-EBITDA ratio was 1.47 times as of June 30, while the consolidated company’s ratio was 1.7 times, within its target range of 1.2 times to 2.5 times.
Quartly said the company intends to direct free cash flow primarily toward debt reduction while maintaining its disciplined capital program.
Broader Tidewater operations benefit from strong refining markets
Tidewater Midstream generated deconsolidated adjusted EBITDA of C$32.9 million in the second quarter, up C$7.3 million from the first quarter. The improvement was driven mainly by higher crack spreads at the Prince George Refinery, partly offset by realized losses on crack-spread hedges.
Prince George Refinery throughput averaged 10,032 barrels per day because of a planned 17-day partial outage in April. Excluding that outage, throughput averaged 12,060 barrels per day, or 101% of design capacity. The Prince George crack spread averaged C$118 per barrel, 16% higher than in the first quarter.
Tidewater has hedged about half of its crack-spread exposure from April through December 2026. It also added hedges during the second half of July covering approximately 40% of its 2027 crack-spread exposure at fixed prices that Baines said were significantly above mid-cycle pricing and 2026 realized hedge pricing.
Baines said Tidewater will continue pursuing non-core asset sales, prioritizing assets that do not fit its strategy or generate appropriate returns, while focusing on refinery and HDRD utilization, midstream volumes, commercial offtakes and the advancement of the sustainable aviation fuel project.
About Tidewater Renewables (TSE:LCFS)Tidewater Renewables is a multi-faceted, energy transition company. The Corporation is focused on the production of low carbon fuels, including renewable diesel and sustainable aviation fuel. The Corporation was created in response to the growing demand for renewable fuels in North America and to capitalize on its potential to efficiently turn a wide variety of renewable feedstocks (such as canola oil, soybean oil, used cooking oil, distillers corn oil, tallow, and other biomasses) into low carbon fuels.
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Studie USENIX Security identifikovala 65 340 rizikových adres na sítích Ethereum a BNB Smart Chain s odhadovanými ztrátami přes 574,8 milionu USD. Největší část tvořily úniky privátních klíčů a záměny kontraktních adres.
A USENIX Security ’26 study has identified 65,340 high-risk address instances across Ethereum and BNB Smart Chain, linking them to 126,982.94 ETH and 17,726.7 BNB in native-token losses.
Summary
Researchers identified 65,340 high-risk address instances across Ethereum and BNB Chain in their large-scale study.
Estimated losses reached 126,982.94 ETH and 17,726.7 BNB, valued by researchers above $574.8 million overall.
Researchers extracted 16.3 million private keys from 63,004 GitHub repositories for their cross-chain analysis dataset.
Their detection framework achieved 99.11% precision after manual sampling validation across both analyzed blockchain networks.
Two newly described attack vectors exploited deterministic contract addresses and EIP-7702 delegated account control mechanisms.
The paper, presented at the 35th USENIX Security Symposium in Baltimore, estimates their dollar value at more than $574.8 million.
The dollar figure needs context. The researchers say they valued the token losses using reference prices of $4,408 per ETH and $847 per BNB rather than prices at the time of every transaction. They describe their findings as a “conservative lower bound” because the analysis covers only native ETH and BNB on the two networks and may miss less obvious cases.
USENIX Security '26 Study Identifies 65,000+ High-Risk Crypto Addresses Linked to $574.8M in Losses
A study presented at USENIX Security '26 identified 65,340 high-risk cryptocurrency addresses involved in abuse across Ethereum and BNB Chain, with estimated losses exceeding… pic.twitter.com/JAX3IR6Kgy
— Wu Blockchain (@WuBlockchain) August 13, 2026
Ethereum address misuse spans contract and private-key risks
The researchers divide “Address Misuse” into two categories. Contract Account misuse happens when users treat an address without deployed contract code as a contract address, often because the same address is used in another network context. The study identified 49,344 such instances, associated with losses of 22,738.41 ETH and 8,681.41 BNB.
Externally Owned Account misuse involves addresses whose private keys are exposed or show strong onchain signs of compromised control. Researchers identified 15,996 EOA misuse instances associated with 104,244.53 ETH and 9,045.29 BNB in losses. More than 95% of EOA misuse losses came from the GitHub exposed-key subtype.
Two new attack paths account for about $15.7M
The first newly described attack takes advantage of deterministic contract-address creation. Attackers can promote a contract address on a testnet, wait for users to mistakenly send mainnet funds to the matching no-code address, and later deploy withdrawal code at the same location. Researchers linked 469 malicious contracts to 3,446.37 ETH and 431.79 BNB in losses.
The second uses EIP-7702 against accounts with already exposed private keys. Attackers delegate those EOAs to malicious code that automatically sweeps incoming funds. The paper found 17,270 cases, producing losses of 25.86 ETH and 33.45 BNB. Using the paper’s reference prices, the two newly described vectors together account for roughly $15.7 million.
The 99.11% figure is precision, not universal verification
The team mined 63,004 GitHub repositories created between January 2015 and May 2025, extracting 10.3 million unique candidate addresses and 16.3 million private keys after deduplication. It also used Ethereum Stack Exchange and Stack Overflow data before analyzing transactions on Ethereum and BNB Smart Chain.
Researchers manually sampled results and reported 99.11% overall detection precision. That does not mean every one of the 65,340 instances was individually manually verified. The authors acknowledge possible heuristic false positives and incomplete data, while ERC-20, NFT and other chains are excluded from the headline loss calculation.
EIP-7702 security concerns are widening
Ethereum’s official guidance warns that malicious EIP-7702 delegation can give hostile contract code control over assets. A separate USENIX Security ’26 study found more than 63% of analyzed EIP-7702 authorization transactions were associated with malicious EOA-targeted attacks, identifying 924 malicious contract accounts across seven supported chains.
As previously reported, EIP-7702 delegations were linked to automated wallet-draining activity after Ethereum’s Pectra upgrade. In related coverage, attackers later drained about $3.1 million from Polymarket users through phishing and malicious delegated execution.
The authors recommend wallet warnings for known exposed keys and cross-chain contract mismatches, stronger secret management for developers and clearer address-to-network documentation. They also propose considering chain identifiers in future contract-address derivation. Those are research recommendations, not adopted Ethereum or BNB Chain protocol changes.
The researchers plan to expand future work to additional chains and token types. Until then, the 126,982.94 ETH and 17,726.7 BNB totals are best read as measured native-token losses within the study’s defined scope, while $574.8 million remains a standardized valuation estimate.
Hardfork Pasteur dorazí na mainnet BNB Smart Chain 25. srpna v 02:30 UTC a přinese silnější bridge, staking i governance. Uzly mainnetu musí předtím běžet na klientu v1.7.7.
TL;DRPasteur activates on BNB Smart Chain mainnet at 02:30 AM UTC on 25 August 2026.Mainnet nodes must be running client v1.7.7 before then.BEP-682 and BEP-695 harden the bridge, staking, and governance.BEP-675 fills blocks fuller: 1,237 to 2,324 TPS in testnet benchmarks.Two things get better on 25 August:
Assets crossing the BNB Chain bridge get a stronger guarantee that a genuine supermajority of validators signed off on them.Blocks start carrying more transactions without the chain running any faster or charging any more gas.That's what the Pasteur hardfork is for. It's been live on BSC testnet since 21 July, and mainnet activation is set for 02:30 AM UTC on 25 August 2026.
The last two upgrades were about speed: Fermi took block times to 0.45 seconds, and Osaka/Mendel steadied the network at that pace. Pasteur is about using that speed more fully, and closing two ways a validator could hold onto power it shouldn't have. Three proposals ship in the fork, grouped under BEP-673.
Stronger bridge verification (BEP-682)When assets move between chains, BSC doesn't take the other chain's word for it. It checks that enough validators over there signed the block first. Enough real signatures, or nothing moves.
That check runs in a precompile at 0x67, which counts signatures against a validator set. Before Pasteur it didn't verify that each validator appeared only once, so a crafted set could list the same validator repeatedly, count their power several times over, and clear the threshold with far fewer real signers than it's meant to require. BEP-682 rejects duplicates outright.
Validator keys that properly retire (BEP-695)Validators rotate consensus keys as normal hygiene. When they do, the old key should stop working, and anything pending against them should follow to the new one. BEP-695 makes that hold in three places:
A rotated key loses validator-admin authority. It used to keep privileges it should have given up.Slash eviction follows a key rotation, so a pending eviction can't be shed by rotating.Blacklisted addresses are rejected on signature-based governance votes (castVoteBySig and castVoteWithReasonAndParamsBySig), which had been a way around a check that already applied to direct votes.Fuller blocks at the same speed (BEP-675)Most blocks on BSC are assembled by specialist builders competing to submit the most valuable set of transactions to whoever produces next. Right now the work happens twice: the builder runs the transactions to check the block is valid, hands it over, and the validator runs all of them again before signing.
That repeat costs time, and it costs it inside a 450ms window. Whatever the validator spends re-executing comes straight out of the time builders have to pack the next block, so some blocks were going out under half full because the clock ran out, not because there was nothing to include.
BEP-675 lets a builder submit a block it's already executed. The validator checks it against consensus rules, signs and broadcasts, then finishes full verification afterwards. On QANet, an internal testnet mirroring mainnet's cross-region validator topology, that cut the validator's slice of the critical path from 125ms to 15ms. Throughput went from 1,237 to 2,324 TPS at the same 450ms interval and 100M gas limit, and average block gas used rose from 46.35M to 84.15M of the 100M available. Finality lag didn't move. Full methodology is in our BEP-675 testnet benchmark.
Those are testnet figures under a controlled workload, not mainnet measurements. BEP-675 also doesn't need a hardfork of its own. The SendBidBlock path is gated behind Pasteur and then switched on via RPC, which gives builders time to integrate first.
What changes for builders and usersFor most developers: more room in each block, and nothing to do to get it. Pasteur touches bridge verification, the staking and governance system contracts, and the path a block takes from builder to validator. There's no migration.
Block builders have the most to gain and the only real work to do. Using the BEP-675 path means running a fullnode rather than a fastnode, since the builder now produces a fully executed block. Legacy bids keep working, with less packing time.
Users won't notice anything different day to day. Security fixes are invisible when they're working, and what BEP-675 buys is headroom: busier periods get absorbed instead of transactions queueing behind a half-empty block.
For validators and node operatorsMainnet nodes need v1.7.7 before 02:30 AM UTC on 25 August. A binary replacement is enough, with one thing to check first: [Eth] EnableBAL must come out of config.toml, or the node won't start.
Several CLI flags are gone or now inert, including --journalfile, --miner.txgaslimit (EIP-7825 enforces per-transaction gas limits instead), --enablebal, --multidatabase, --txpool.overflowpoolslots and the --fake-beacon family. The full list is in the docs announcement and the v1.7.6 release notes.
What’s nextBEP-675 is the capacity workstream in the H2 2026 roadmap. The stated objective for the half doubling mainnet throughput, scaling toward a long-term10x improvement across BNB Chain. Whether QANet's gains hold at mainnet scale is the open question.
Node operators: pull v1.7.7, check config.toml for EnableBAL, and upgrade before 25 August. Builders who want the BEP-675 path should read the BEP and plan for a fullnode.
Chainlink představil Chainlink for Agents, infrastrukturu pro autonomní AI agenty na blockchainu. Nabízí ověřená data, cross-chain funkce a chráněné výpočty prostřednictvím CCIP a CRE.
Chainlink unveils “Chainlink for Agents,” a foundational infrastructure designed for autonomous AI agents in blockchain environments
The platform delivers tamper-proof data access, cross-blockchain functionality, and protected computation capabilities for AI-driven operations
Through the Cross-Chain Interoperability Protocol (CCIP), agents can transfer assets and perform operations across multiple blockchain networks
The Chainlink Runtime Environment (CRE) bridges offchain artificial intelligence processing with onchain smart contract functionality
Compatible frameworks at launch encompass Claude Code, Cursor, OpenClaw, Hermes, and Codex
Chainlink has introduced a groundbreaking infrastructure solution named Chainlink for Agents, purpose-built to equip autonomous artificial intelligence agents with essential capabilities for secure and dependable blockchain operations.
👀👀 Yet to be announced, it already appears in #chainlink's webpage.
CHAINLINK ENGINE
FOR AGENTIC ECONOMY
Agent micropayments & agents requiring data for their workflows is gonna be a big boom in coming years starting from now on. $LINK pic.twitter.com/iBLqQNrNAc
— David Miller ⬡ (@CryptoDavid_) August 13, 2026
This infrastructure grants agents entry to authenticated market intelligence, cross-blockchain asset movement, and protected transaction execution. The primary objective is eliminating the technical barriers that have historically hindered AI agent advancement within cryptocurrency ecosystems.
According to Chainlink’s description, the platform serves as the authenticated data, execution, and interoperability foundation for the emerging agent-driven economy.
Technical Architecture Explained
The foundation of this ecosystem rests on the Chainlink Runtime Environment, abbreviated as CRE. This component functions as a coordination mechanism linking offchain artificial intelligence decision-making with onchain smart contract operations.
CRE additionally manages transaction fee processing and exception management, addressing two significant challenges developers encounter when building blockchain-enabled agents.
Regarding information access, agents utilize Chainlink Data Feeds alongside Data Streams. These resources deliver verifiable market intelligence and minimal-latency pricing data, enabling agents to execute decisions grounded in reliable information.
Cross-blockchain capabilities operate through Chainlink’s Cross-Chain Interoperability Protocol. This technology enables an agent operating on a single blockchain to retrieve funds or execute operations on completely separate networks.
The infrastructure also incorporates Chainlink Confidential Compute. This feature preserves the privacy of sensitive business or financial information while permitting automated directive execution.
Applications and Development Resources
Among the prominent applications is yield maximization. An agent possesses the ability to evaluate authenticated interest rates spanning numerous blockchains, transfer assets to the most profitable chain through CCIP, and allocate funds into platforms such as Aave, operating entirely without manual intervention.
Additional agent applications encompass automated trading mechanisms, inter-chain token exchanges, and direct cryptocurrency wallet-based payments for computational services.
For the development community, Chainlink has introduced a comprehensive skills library. This resource integrates with AI development environments and enables creators to construct agent processes utilizing standardized Skill.md documentation.
The solution accommodates any agent framework utilizing these file specifications. Initially supported frameworks comprise OpenClaw, Hermes, Cursor, Claude Code, and OpenAI’s Codex.
Development teams can initiate implementation by executing a simple command-line instruction to deploy the Chainlink for Agents skill package.
Built-in agent transaction processing operates via x402 pay-per-call mechanisms, providing agents immediate access to Chainlink-enabled operations without supplementary configuration requirements.
Chainlink characterizes this offering as core infrastructure supporting what it terms the “agentic economy,” an environment where software agents independently conduct transactions and engage with decentralized platforms.
Tokenized US Stocks Go Live on HyperliquidChainlink has confirmed that tokenized exposure to US stocks and ETFs is now available on Hyperliquid, marking a notable step in the push to bring traditional equity markets onchain. The integration is powered by xStocks and Chainlink's Cross-Chain Interoperability Protocol (CCIP), which handles the movement of supported assets across chains and into Hyperliquid's trading environment.
that now sit on Hyperliquid's spot trading infrastructure.
How the Integration Works
The setup means spot holders and perpetual traders can operate within the same ecosystem, rather than across separate platforms.
Chainlink frames the opportunity in broad terms. The $150+ trillion global equity market is moving onchain, the protocol said, pointing to growing institutional and retail demand for always-on access to equity exposure. Chainlink's infrastructure plays a critical role, providing price feeds to track the asset, Proof of Reserve to confirm backing, and CCIP to enable secure cross-chain transfers.
Chainlink tento týden vzrostl o 10 % a obchoduje se poblíž 8,86 USD. Otevřený zájem na LINK stoupl o 4,58 % na 568,75 milionu USD, i když objem obchodů klesl o 12,86 %.
Chainlink price rose 10% this week, trading near $8.85 after a 2.14% daily gain.
Analyst Ali Charts pointed to an MVRV golden cross that has historically preceded major LINK rallies.
The same signal appeared before a 155% rally in November 2024 and an 85% rally in July 2025.
LINK open interest climbed 4.58% to $568.75 million even as trading volume fell 12.86%.
Chainlink launched “Chainlink for Agents,” an infrastructure platform for autonomous AI agents on blockchains.
Chainlink price rose to $8.86, up 2.14% over the past 24 hours. The gain extends a broader move higher for the token this week.
LINK has climbed 10% over the last seven days. That places it among the stronger performers in the market this period.
Bitcoin traded above $63,400 as the wider crypto market steadied after a volatile stretch. The calmer backdrop coincided with LINK’s climb.
Analyst Ali Charts flagged an on-chain signal that may support further gains for Chainlink. The analyst shared the data point in a tweet posted on August 13, 2026.
CHAINLINK READY FOR A 30% PRICE SURGE
1/7 🧵👇
— Ali Charts (@alicharts) August 13, 2026
In the post, Ali Charts wrote that Chainlink was “ready for a 30% price surge” and laid out the reasoning across a seven-part thread. The analyst pointed to LINK’s Market Value to Realized Value ratio, which had formed a golden cross against its 200-day simple moving average for the first time in over a year.
Ali Charts noted that the same crossover appeared in November 2024, right before LINK rallied 155%. Another crossover showed up in July 2025, followed by an 85% gain, according to the thread.
On-Chain Signals Point Higher
The MVRV ratio compares a token’s market value to the average price paid by current holders. A golden cross like this suggests the token’s value is rising faster than what people originally paid for it.
LINK derivatives volume fell 12.86% to $367.59 million during the same period. Open interest, however, rose 4.58% to $568.75 million, based on data from Coinglass.
Chainlink Price on CoinGecko
The rise in open interest despite lower volume suggests traders opened new positions even as overall activity slowed. On the four-hour chart, LINK’s Relative Strength Index sat at 65.28, close to overbought territory near 70.
The MACD line remained just below the signal line, at 0.119 versus 0.118. The next resistance sits at $9.00, with $9.50 and $10.00 as further targets if that level breaks.
A drop below $8.50 support could send the price toward $8.00. Continued selling pressure could push LINK down to $7.50.
Chainlink Expands Into AI Agent Infrastructure
Separately, Chainlink introduced Chainlink for Agents, a platform built for autonomous AI agents operating on blockchains. It gives agents access to tamper-resistant data feeds, cross-chain transfers, and protected computing.
The platform runs on the Chainlink Runtime Environment, which connects offchain AI decisions to onchain smart contract actions. Agents can move assets between blockchains using Chainlink’s Cross-Chain Interoperability Protocol.
Chainlink Confidential Compute lets agents handle sensitive financial data while still executing transactions on their own. One example involves an agent scanning interest rates across chains and shifting funds into platforms like Aave without human input.
The platform works with development tools including Claude Code, Cursor, OpenClaw, Hermes, and Codex. Developers can start using it by running a single command-line instruction to install the skill package.
Investor přišel o zhruba 550 000 USDC po kliknutí na podvodnou reklamu ve vyhledávání Google na Hyperliquid. Ukradené prostředky byly rozděleny do tří peněženek a účet inzerenta na Googlu byl deaktivován.
Key Takeaways An investor using Hyperliquid lost approximately $550,000 in USDC after interacting with a fraudulent Google search advertisement DarcyAri from FlashRescue identified the incident through on-chain analysis The stolen assets were distributed among three separate attacker-controlled wallets Following notification, Google disabled the malicious advertiser’s account Trezor wallet users have also been recent targets of comparable phishing campaigns On August 13, a cryptocurrency investor suffered losses totaling around $550,000 in USDC after becoming victim to a sophisticated phishing operation executed through a paid Google search advertisement.
Hacker Uses Google Search Ad for Hyperliquid to Phish Users, Causing About $550,000 in Losses
According to DarcyAri, a hacker used a Google sponsored ad for “Hyperliquid” to lure users into a phishing site, resulting in a Google Search paid-ad phishing attack that has caused… pic.twitter.com/lbZnNmmuVy
— Wu Blockchain (@WuBlockchain) August 13, 2026
DarcyAri, who co-founded the blockchain tracing company FlashRescue, shared on-chain evidence revealing three separate fund transfers from the victim’s account to wallets associated with the scammer.
The stolen cryptocurrency was divided across three outbound transfers: $27,500 sent to the first wallet, $82,500 routed to a second destination, and $440,020 directed to a third address.
The malicious advertisement redirected the trader to a counterfeit website mimicking Hyperliquid’s legitimate platform, where sensitive information such as login credentials or wallet permissions were presumably compromised.
Google verified that it deactivated the fraudulent advertiser’s account. A company representative stated that their systems prevent 99% of policy-breaking advertisements from appearing and that they eliminated more than 602 million fraudulent ads throughout the previous year.
Recurring Trend of Cryptocurrency Phishing via Sponsored Listings This incident represents just one of multiple occasions where malicious advertisements have exploited crypto investors through Google’s search platform.
During April, cryptocurrency security organization SEAL reported successfully blocking 356 dangerous Google advertisement URLs across multiple weeks. A portion of these malicious links specifically targeted Hyperliquid users.
SEAL observed that threat actors frequently leverage hijacked advertiser credentials to circumvent Google’s automated verification processes.
The organization emphasized that malicious advertisements may remain active for mere minutes before successfully deceiving a victim, complicating swift removal efforts.
This Hyperliquid attack occurred shortly after a distinct operation that focused on Trezor customers. On August 7, Trezor released an alert regarding phishing domains appearing as sponsored listings when users searched for “Trezor wallet.”
Trezor cautioned that submitting recovery seed phrases on these fraudulent platforms could result in complete asset forfeiture.
In July, a different cryptocurrency holder lost $999,999 in USDT after authorizing a malicious token approval on Ethereum, as documented by Web3 security company Scam Sniffer.
Platform Expansion Remains Unaffected Importantly, there is no evidence suggesting the Hyperliquid platform itself experienced any security breach.
User engagement on the exchange has demonstrated consistent expansion. The total count of active perpetual contract traders achieved a record high of 263,666 on August 6, based on data from HyperTracker analytics.
Active participant numbers have climbed from approximately 150,000 during early January 2026, with accelerated momentum observed throughout the spring and summer months.
The HYPE token delivered returns of 79.2% during the latest quarter, peaking at an all-time high of $76.90 on June 16 before settling at $66.04 by quarter’s end.
The phishing incident showed no impact on the platform’s technical infrastructure or its trajectory of user expansion.
Cryptocurrency participants are strongly encouraged to bypass sponsored search listings when navigating to trading platforms and to independently confirm website URLs before connecting digital wallets or submitting sensitive information.
The British Pound (GBP) trades 0.35% higher to near 1.3533 against the US Dollar (USD) during the European trading session on Friday. The GBP/USD pair reflects strength as the US Dollar declines, with traders pricing out the possibility of an interest rate hike by the Federal Reserve (Fed) in the September policy meeting.
At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.23% lower to near 99.70.
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar.
USDEURGBPJPYCADAUDNZDCHFUSD-0.34%-0.39%-0.24%-0.35%-0.31%-0.65%-0.27%EUR0.34%-0.05%0.07%-0.06%0.03%-0.32%0.06%GBP0.39%0.05%0.15%0.00%0.08%-0.25%0.12%JPY0.24%-0.07%-0.15%-0.11%-0.08%-0.43%-0.03%CAD0.35%0.06%-0.00%0.11%0.04%-0.29%0.08%AUD0.31%-0.03%-0.08%0.08%-0.04%-0.34%0.05%NZD0.65%0.32%0.25%0.43%0.29%0.34%0.39%CHF0.27%-0.06%-0.12%0.03%-0.08%-0.05%-0.39%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
The CME FedWatch tool shows that the odds of the Fed holding policy rates steady in September have increased to almost 65%. This represents a major repricing from the 75% odds of two Fed hikes by the September meeting recorded a month earlier.
Soft United States (US) Consumer Price Index (CPI) data for July allowed traders to pare back hawkish Fed interest rate expectations.
US inflation data temper September Fed hike oddsAnalysts at Commerzbank note that "July US CPI came in broadly in line with expectations," reinforcing the view that price pressures, while still elevated, are not re-accelerating. They highlight that "overall, the report suggested that underlying inflation remains above the Fed's target but showed no broad-based re-acceleration, giving policymakers more room to remain on hold." In response, Commerzbank points out that "the Fed funds futures subsequently pared expectations for a September rate hike, with markets pricing around a 40% probability of a 25bp increase compared with 52% on Monday," underscoring a modest but notable shift in near-term Fed tightening expectations.
Meanwhile, the British Pound is expected to trade highly volatile next week as the United Kingdom (UK) labor market data for three months ending June and the CPI data for July are scheduled to be released on Tuesday and Wednesday, respectively.
GBP/USD Technical Analysis
In the daily chart, GBP/USD trades at 1.3535, having pushed decisively above the former downward resistance trend line, which now offers support around 1.3451. Price action above this reclaimed structural level suggests a bullish near-term bias, while the Relative Strength Index (14) at 62.7 shows firm positive momentum without yet reaching overbought territory, hinting that buyers retain control.
On the downside, the broken trend-line region near 1.3451 is immediate support, and a daily close back below that level would signal waning bullish pressure. On the topside, the next notable hurdle is the origin of the previous trend line around 1.3871, where a sustained break would open the way for a broader continuation of sterling gains against the dollar.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
US Dollar FAQs
The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022.
Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away.
The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates.
When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback.
In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system.
It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar.
Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.
eToro tento týden klesá o 17,9 % navzdory lepším výsledkům za 2. čtvrtletí. Investoři váhají kvůli akvizici TradeZero za 231 milionů USD a opatrnému výhledu.
Etoro (ETOR +1.65%) stock is falling this week despite a better-than-expected second-quarter report. The trading platform specialist's share price was down 17.9% in the week's trading heading into Friday's market open.
Etoro published its Q2 results on Aug. 11 and reported sales and earnings for the period that topped Wall Street's forecasts. On the other hand, investors are taking a cautious approach to the company's near-term outlook and to the announcement of a significant acquisition.
Image source: Getty Images.
Etoro sinks despite Q2 beats Etoro recorded non-GAAP (adjusted) earnings of $0.68 per share on sales of $229 million in the second quarter. The average analyst estimate called for adjusted earnings per share of $0.61 on revenue of roughly $225.7 million. Revenue in the period was up 9% year over year, and adjusted income increased roughly 17% to $63 million.
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Investors aren't sure about Etoro's new acquisition and outlook With its Q2 report, Etoro announced that it will be buying U.S. trading platform TradeZero in a $231 million deal. Investors and analysts appear to be split on the value of the move, and multiple investment firms noted some uncertainty surrounding the deal as a factor in lowering their price targets on the stock.
Additionally, some analysts were concerned about the key performance metrics that the company shared for July. While funded accounts rose 18% year over year in the month to reach 4.32 million, assets under administration declined 5% year over year to $18.5 billion.
Cryptocurrency activity saw substantial drawdowns, and trading activity for capital markets and equities, commodities, and currencies was flat. With trading momentum on the platform decelerating and some questions about the TradeZero acquisition, Etoro could remain under pressure in the near term.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Core Scientific dokončila akvizici Polaris DS za zhruba 444 milionů USD v hotovosti a získala asi 440 MW připojené kapacity. Firma dál míří ke škálování kampusu Muskogee na přibližně 1,5 GW hrubého výkonu.
MIAMI--(BUSINESS WIRE)--Core Scientific, Inc. (Nasdaq: CORZ) (“Core Scientific” or the “Company”), a leader in digital infrastructure for high-density colocation (“HDC”), today announced that it has completed its previously announced acquisition of Polaris DS LLC (“Polaris”).
Through the acquisition, Core Scientific has secured the approximately 440 currently in service megawatts (“MW”) of gross, grid-connected power capacity being used by Polaris under existing electric service agreements with Oklahoma Gas & Electric. The aggregate purchase price for the acquisition was approximately $444 million in cash.
“The Polaris acquisition is another example of how we are strategically expanding our power portfolio to support our long-term growth,” said Adam Sullivan, Chief Executive Officer of Core Scientific. “Through site acquisitions this year, we have added more than 600 MW of leasable power to our portfolio, while continuing to further scale our campuses.”
Core Scientific reiterates its plan to scale its Muskogee campus to approximately 1.5 GW of gross power, or approximately 1.0 GW of leasable power, through a combination of grid-connected and behind-the-meter solutions. The Company is on track to deliver the next approximately 82 MW at Muskogee to its customer beginning in the second half of 2027.
About Core Scientific, Inc.
Core Scientific is a leader in designing, building and operating large scale, purpose-built data centers for high-density colocation (“HDC”) services. Core Scientific operates facilities for high-density colocation services serving artificial intelligence-related (“AI”) workloads and is a premier provider of digital infrastructure and services to its third-party customers. The majority of the Company's revenue is derived from high-density colocation services, with the remainder derived from earning digital assets for the Company's own account and from digital asset mining hosting services. The Company is in the process of repurposing its remaining mining facilities to support its high-density colocation services business as circumstances allow. Core Scientific’s facilities are located in Alabama (1), Georgia (2), Kentucky (1), North Carolina (1), North Dakota (1), Oklahoma (1) and Texas (4). To learn more, visit www.corescientific.com.
Special Note Regarding Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended, (the “Exchange Act”). Forward-looking statements may include words such as “aim,” “estimate,” “plan,” “project,” “forecast,” “goal,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the Company’s ability to scale and grow its business, successfully complete construction of its data centers, source sufficient electrical energy, necessary long lead infrastructure components, supplies and equipment, the advantages and expected growth of the Company, the Company’s ability to source and retain talent, and our ability to source and consummate acquisitions of entities holding suitable land and power. These statements are provided for illustrative purposes only and are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s management. These forward-looking statements are not intended to serve, and must not be relied on by any investor, as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company.
These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions, known or unknown, that could cause actual results to vary materially from those indicated or anticipated. These risks, assumptions and uncertainties include those described in Part I. Item 1A. — “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, Quarterly Reports on Form 10-Q, and the Company’s other filings with the Securities and Exchange Commission. If one or more of these risks or uncertainties materializes, or if underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements.
There may be additional risks that the Company could not presently know or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company’s expectations, plans or forecasts of future events and views as of the date of this press release and should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this press release. The Company anticipates that subsequent events and developments will cause the Company’s assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. Accordingly, you should not place undue reliance on these forward-looking statements, which speak only as of the date they are made.
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SanDisk po Investor Day představil dlouhodobé cíle do fiskálního roku 2030 a akcie v den oznámení vyskočily o 14 %. Analytici zůstávají optimističtí hlavně kvůli vyšším maržím a technologii HBF.
SanDisk (NASDAQ: SNDK) laid out its Investor Day targets on August 13, presenting a new financial model that sent the stock price soaring 14% and reinforced analyst confidence in long-term Sandisk stock price targets.
Evercore ISI analyst Amit Daryanani reiterated an ‘Outperform’ rating and $2,800 price target on the company, highlighting the potential for higher margins, improved free cash flow, and capital returns.
Indeed, SanDisk management outlined long-term financial targets through fiscal 2030, including mid-to-high-teens revenue growth, approximately 80% gross margins, roughly 75% operating margins, and about 50% adjusted free cash flow margins.
On his part, Daryanani believes SanDisk could sustain gross margins around 80% through the peak of the current semiconductor cycle, supported by NAND prices that have more than tripled over the past year, before settling at roughly 65%-70% post-peak.
The analyst also estimates SanDisk could generate as much as $35 billion in annual free cash flow during the early stages of the cycle, potentially supporting substantial buybacks beginning in 2027.
A potentially crucial catalyst comes in the shape of the company’s High-Bandwidth Flash (HBF) technology. SanDisk expects to begin shipping HBF samples in 2027 and says the technology is designed to deliver HBM-class read bandwidth with approximately 16 times the capacity.
Mizuho doubles on its Sandisk stock price target on HBF optimism
Mizuho Securities analyst Vijay Rakesh likewise reiterated an ‘Outperform’ rating and a $1,900 Sandisk stock price prediction 2026, focusing primarily on the aforementioned HBF technology, which the company believes can deliver HBM-like bandwidth at a fraction of the cost.
Notably, Rakesh estimates a 16-stack HBF configuration could provide HBM-like bandwidth at roughly one-eighth the cost while offering 8-16x the capacity at a similar cost to HBM. SanDisk expects its first HBF dies and controllers in the C26E/C27E timeframe, with potential revenue beginning in C28E.
However, SanDisk emphasized that HBF is not necessarily intended to replace HBM. Instead, the technology could enable disaggregated memory architectures for AI inference, potentially improving system economics and efficiency, and the company is already working with major technology players, including Google (NASDAQ: GOOGL).
Moreover, Mizuho expects NAND pricing to remain supportive and sees demand as stronger than current consensus assumptions. While consensus estimates call for 2027 ASPs to decline 15-20% year over year, Mizuho expects ASPs to remain roughly flat to higher, citing strong demand from agentic and edge AI, HBF, and undersupplied consumer markets.
Wall Street Sandisk stock consensus
Citi analyst Asiya Merchant also reiterated a ‘Buy’ rating on SanDisk, as did Barclays’ Thomas O’Malley, with $2,100 and 2,300 price targets, respectively.
With these numbers, the average SNDK share price target for the next 12 months sits at $2,181, which suggests a nearly 43% upside potential from the current levels, based on the latest TipRanks data.
Sandisk price target 2026. Source: TipRanks
As per the same data, Sandisk is currently rated a ‘Strong Buy,’ with 14 buying and two holding recommendations over the past three months.
Groq začne ve svých datových centrech používat systémy Nvidia, takže zákazníci GroqCloud získají přístup i k technologii Nvidia. Je to další obrat po loňské dohodě za 20 miliard USD.
Nvidia CEO Jensen Huang. Bloomberg/Getty Images Nvidia is squeezing even more value out of its deal with AI chipmaker Groq by turning a former rival into a customer.
Groq said Wednesday it plans to put Nvidia systems in its data centers — meaning customers of its AI cloud service, GroqCloud, can access Nvidia technology alongside Groq's signature language processing units (LPUs), chips designed as a fast and efficient alternative to Nvidia's AI chips.
It's an about-face from where the companies started — and highlights Nvidia's strategic approach to fending off competition, analysts said.
Futurum Group CEO Daniel Newman said Groq's surviving entity "is proving something different: that the fastest way to scale in AI infrastructure is to build on Nvidia, not against it."
In December, Nvidia announced it struck a $20 billion deal with Groq to license its technology and hire its senior leadership, including founder Jonathan Ross and president Sunny Madra. Nvidia has since incorporated LPUs into its product lineup.
At the same time, Groq remained independent and continued operating its AI cloud. It announced a $650 million funding round in June. Now that Groq and Nvidia work together more closely, it eliminates some competition for Nvidia.
"This makes the original Groq transaction look even more strategic," said Brad Gastwirth, global head of research and market intelligence at Circular Technology.
"It potentially neutralized part of a competitive threat while preserving Groq as a growing platform that can now drive additional demand back toward Nvidia," he added.
Gastwirth said Nvidia doesn't need all AI workloads to run exclusively on its chips as long as it can still capture at least some of the business.
"It can absorb the IP, hire the founding talent, invest in the surviving entity, and then sell that entity the compute," Newman said. "Every layer of that sequence deepens the moat."
Gil Luria, head of technology research at D.A. Davidson, said that the LPU technology was the real prize for Nvidia in the original deal. While many specialized AI cloud providers, known as neoclouds, were already buying Nvidia's AI chips, this new partnership with Groq fits a broader pattern of the chipmaker making savvy moves to strengthen its position, he said.
"They play chess when everybody else is playing checkers," Luria said.
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Geoff Weiss You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Geoff Weiss is a senior reporter on Business Insider’s tech team, where he writes about AI startups and Y Combinator, the intersection of AI and the media industry, and workplace dynamics within top AI labs and chip companies.Previously, Geoff was on the media desk, covering YouTube and Netflix, and themes like the intersection of Hollywood and the creator economy. His work on Netflix’s video podcasting ambitions and Mr Beast’s lessons for Hollywood won second and first prize, respectively, at the 2025 LA Press Club Awards.Prior to joining Business Insider, Geoff was the senior editor of Tubefilter and a staff writer at Entrepreneur. He graduated from New York University with a degree in English Literature.He can be reached at [email protected], on Signal @geoffweiss.25, and on LinkedIn. Have a tip? Use a personal email address and a nonwork device; here's our guide to sharing information securely.Selected stories:Nvidia crushed its quarter — and CEO Jensen Huang said in a leaked all-hands that 'the market did not appreciate it'Nvidia will foot the bill for Trump's new visa fees. Here's what CEO Jensen Huang told staff.Massive AI salaries and RTO are fueling a real estate boom in San Francisco: 'It's going to rain money'The AI talent wars are ricocheting across startups. Here's how they're competing with Big Tech.
BlackRock ve 2. čtvrtletí zvýšil výnosy o 31 % na 7 miliard USD a upravený provozní zisk o 42 % na 2,92 miliardy USD. Upravená provozní marže stoupla na 45,9 %, nejvýše za téměř pět let.
In the world of asset management, BlackRock (BLK +1.89%) stands out among the rest. BlackRock ushered in the era of passive investing and exchange-traded funds (ETFs) and has become a powerhouse in financial services, with a staggering $15.3 trillion in assets under management (AUM).
BlackRock continues to evolve and build on its strong foundation, offering a range of products for its diverse clientele. In the process, the company continues to grow its AUM and, more importantly, its profit margins in the competitive financial industry.
Here's what BlackRock's massive scale earns it and why it's well-positioned to continue building on its growth.
Image source: Getty Images.
BlackRock capitalizes on specialized investments to drive strong margin growth
While BlackRock's staggering $15.34 trillion AUM captures attention, the company is seeing strong revenue growth and operational leverage that outpace its impressive asset growth. In the second quarter, AUM increased by 22%, while revenue increased by 31% to $7 billion. Meanwhile, adjusted operating income grew 42% to $2.92 billion, while adjusted operating margin increased from 43.3% to 45.9% -- its highest in nearly five years.
This margin growth is more important because it shows the company isn't focused purely on increasing AUM but on providing in-demand financial products that deliver strong margins. CEO Larry Fink said in the company's release, "The scale and depth of our client relationships globally have never been greater."
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The company's mix has shifted over time as it prioritizes specialized, high-margin vehicles where BlackRock's expertise shines through. For example, private markets and alternative investments account for only 3% of BlackRock's total AUM but contribute 15% of its total base fees.
Broken down by investment styles, BlackRock's active investment strategies, which include equities, fixed income, and alternatives, represent 24% of AUM but generate 42% of its total fees. Over the past year, its institutional active assets have seen inflows of $106 billion, while institutional index assets, which earn significantly lower fees, have seen outflows of $104 billion.
BlackRock's technology platform provides an alternative source of revenue
In addition, technology is a stream of non-market-related revenue that helps serve "sticky" clients and provides recurring revenue. Unlike asset-based fees, which can decline during market downturns, technology revenue offers greater stability.
The company has taken steps in recent years, including integrating Preqin and eFront, allowing its Aladdin technology to incorporate private market data directly into its risk management ecosystem. Subscription revenue was $566 million, up 13% year over year, while annual contract values, which provide insight into future growth, grew by 15%.
BlackRock's massive scale and stellar margins make it a financial stock to own long-term
BlackRock has done an excellent job building its investment platform, and the recent quarter shows it's effectively monetizing its scale. The company has integrated high-margin alternative and active investments along with technology offerings into its platform, diversifying earnings and delivering stellar profit margins.
Following its strong quarter, BlackRock updated its share buyback target to $2 billion. This, coupled with its 2% dividend, shows a company that steadily rewards shareholders over time. For investors seeking exposure to the financial sector, BlackRock is a solid stock to buy today.
Oracle byl v první polovině roku 2026 mezi nejvíce shortovanými akciemi hedge fondů. Investoři sází na pokles kvůli masivním výdajům na datová centra a AI infrastrukturu.
Oracle (ORCL +1.92%) was one of the most shorted stocks by hedge funds in the first half of 2026, according to the Data Insights Crowding Report.
This meant that a lot of investors were betting that the shares will fall. Only two companies were more heavily shorted, Data Insights found: Charter Communications (NASDAQ: CHTR) and Super Micro Computer (SMCI +4.12%).
It has been a wild 12 months for Oracle stock. It spiked to an all-time high last summer on strong earnings and a growing backlog. As of June, the end of its fiscal year, it had amassed a huge order backlog, with a whopping $638 billion in remaining performance obligations.
Image source: Getty Images.
The backlog was highlighted by a $300 billion deal with OpenAI for cloud computing.
But it also has infrastructure deals with Nvidia (NVDA +0.54%), Microsoft (MSFT +0.90%), AMD (AMD +0.02%), and Meta (META +2.79%), to name just some of the major partnerships.
Oracle stock soared to an all-time closing high of $324 on Sept. 10, 2025. It's now trading at about $153 per share, after losing more than half its value. What happened?
Shorting Oracle A confluence of factors are responsible.
The major factor is the huge capital spending plans to build out data centers and artificial intelligence (AI) infrastructure to fulfill these contracts. Oracle reported $21 billion in capital expenditures (capex) last year and a whopping $55 billion in fiscal 2026. This left Oracle with negative cash flow of $23.7 billion in fiscal 2026.
And in fiscal 2027, the company plans to raise another $40 billion through debt and equity financing to fund its capex.
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Its debt is through the roof at $167 billion and a sky-high 388% debt-to-equity ratio.
Investors also are concerned about OpenAI's finances and whether it can fulfill all its contracts, including those with Oracle. It certainly plays into the growing investor narrative that AI stocks are spending too much on infrastructure in relation to the potential return.
Is Oracle stock a buy now? So, with a series of setbacks, not to mention a high valuation, it is clear to see why investors have been betting on Oracle's stock to drop.
However, after such a steep drop, the share valuation has returned to a reasonable level. Oracle stock has a price-to-earnings (P/E) ratio of 25, a forward P/E of 18, and a low five-year price/earnings-to-growth ratio, or PEG ratio, of 0.85. A PEG of less than 1 indicates that the stock is undervalued relative to its anticipated earnings expectations.
Oracle is poised for a rebound, according to Wall Street analysts. Some 82% of analysts rate the stock as a buy, and the median price target is $241 per share. That would suggest a 57% return during the next 12 months.
But there are a lot of balls in the air for Oracle. There is a lot of money being spent on AI as it continues to rack up debt, which can weigh on earnings because at some point it must be paid down. If you're a long-term investor, there are probably better AI stocks out there that you don't have to worry so much about.
Dave Kovaleski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Meta Platforms, Microsoft, Nvidia, and Oracle. The Motley Fool has a disclosure policy.
Solana chystá upgrade Alpenglow, který má zkrátit finalitu transakcí zhruba z 12,8 sekundy na asi 150 milisekund. Aktivace může přijít už v září, ale oficiálně je rollout zatím plánován na 3. čtvrtletí 2026.
Solana is preparing for one of the biggest changes to its consensus architecture. The upcoming Alpenglow upgrade targets a dramatic reduction in transaction finality from roughly 12.8 seconds to about 150 milliseconds.
The upgrade will make reaching cryptographic finality (the point at which the network has reached sufficient consensus) dramatically faster.
The change could arrive as soon as September, and Solana's finality is on track to fall from 12.8 seconds to 150 milliseconds and make transactions "feel almost instant."
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Solana's official documentation, however, currently places the Alpenglow rollout in the third quarter of 2026. A recent Solana Foundation update says the upgrade is expected to activate through Agave 4.3, which is targeted for October. The exact September date therefore should not be treated as confirmed.
Finality is not the same as confirmationThe distinction is crucial to understanding why a 150ms finality target matters.
When a Solana transaction is submitted, users can already receive confirmation very quickly. Solana's current slot time has also been reduced as part of a separate upgrade, with the network moving from 400ms slots toward 200ms slots. A transaction therefore does not normally leave a user staring at a screen for 12.8 seconds before seeing an indication that it succeeded.
A transaction can be included in a block and viewed as confirmed while the network has not yet reached its strongest level of consensus about that block. In an extreme situation, the chain could reorganize and an earlier state could be rolled back. Finality is the mechanism that gives applications stronger certainty that the state they are observing will not subsequently be reversed.
Under Solana's current TowerBFT consensus, that stronger finality can take roughly 12.8 seconds. Alpenglow's goal is to compress that process into roughly 150 milliseconds.
Responding to the discussion about faster finality, Solana co-founder Anatoly Yakovenko has argued that finality is "really only important at the cash register."
Imagine buying a product with cryptocurrency. A merchant may be willing to accept a transaction after a fast confirmation, but for larger-value payments it may want much stronger assurance that the payment cannot disappear from the canonical chain.
However, for an ordinary Solana user, the change may not feel as dramatic as the raw numbers indicate.
Reckitt uvedl, že v nabídce odkupu a souhlasu s dluhopisy Mead Johnson Nutrition splatnými v roce 2044 bylo platně nabídnuto 400,415 mil. USD. Po vypořádání má zůstat nesplaceno 99,585 mil. USD.
, /PRNewswire/ -- Reckitt Benckiser Group plc ("Reckitt") (LSE: RKT) announced today (i) the expiration and results of its wholly-owned subsidiary, Mead Johnson Nutrition Company's ("MJN"), previously announced cash tender offer (the "Tender Offer") to purchase any and all of its outstanding 4.600% Senior Notes due 2044 (CUSIP No. 582839 AG1; ISIN US582839AG14) (the "Notes") and (ii) receipt of consents in connection with MJN's previously announced solicitation of consents (the "Consents") from registered holders (each, a "Holder" and, collectively, the "Holders") of the Notes (the "Consent Solicitation") to proposed amendments to the indenture governing the Notes, as supplemented (the "Indenture"), providing for, among other things, the elimination of substantially all of the restrictive covenants and certain events of default and the release of Reckitt's guarantee of the Notes (the "Proposed Amendments"). The terms and conditions of the Tender Offer and the Consent Solicitation are described in the Offer to Purchase and Consent Solicitation Statement, dated August 5, 2026 (the "Statement").
$400,415,000 aggregate principal amount of Notes were validly tendered and not validly withdrawn prior to 5:00 p.m., New York City time, on August 13, 2026 (the "Expiration Time") pursuant to the Tender Offer and Consents delivered pursuant to the Consent Solicitation. The settlement date for Notes validly tendered and not validly withdrawn prior to the Expiration Time and accepted for purchase by MJN is expected to be August 18, 2026 (the "Settlement Date"). Holders of Notes that were validly tendered and not validly withdrawn prior to the Expiration Time will receive the total consideration of $898.00 per $1,000 principal amount of Notes tendered and accepted for purchase, plus accrued and unpaid interest from the last date on which interest had been paid to, but excluding, the Settlement Date. $99,585,000 in aggregate principal amount of Notes will be outstanding on the Settlement Date after giving effect to the settlement of such tendered Notes.
The Tender Offer and the Consent Solicitation expired at the Expiration Time and no tenders of Notes submitted after the Expiration Time are valid. The Tender Offer and the Consent Solicitation were subject to the satisfaction or waiver of certain General Conditions (as defined in the Statement), all of which were satisfied or waived as of the Expiration Time.
In conjunction with receiving the Requisite Consents (as defined in the Statement), MJN intends to execute a supplemental indenture with respect to the Indenture (the "Supplemental Indenture") to effect the Proposed Amendments. The Supplemental Indenture is expected to become operative on the Settlement Date. Upon becoming operative, the Proposed Amendments will apply to all Holders of the Notes remaining outstanding after the Settlement Date, and Holders may obtain the Supplemental Indenture from Reckitt upon request.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. Neither the delivery of the Statement nor any purchase of Notes nor acceptance of Consents shall, under any circumstances, create any implication that there has been no change in MJN or its affiliates' affairs since the date thereof, or that the information included in the Statement or incorporated by reference therein is correct as of any time subsequent to the date thereof, as applicable.
Deutsche Bank Securities Inc. and Merrill Lynch International are the dealer managers in the Tender Offer and the solicitation agents for the Consent Solicitation (each a "Dealer Manager"). Global Bondholder Services Corporation has been retained to serve as the tender and information agent (the "Tender and Information Agent") for the Tender Offer and the Consent Solicitation. Questions regarding the Tender Offer and the Consent Solicitation should be directed to the Dealer Managers at Deutsche Bank Securities Inc., Telephone (Europe): +44 20 7545 8011, Telephone (U.S.): +1 (212) 250-2955 and Telephone (U.S. Toll Free): +1 (866) 627-0391 and Merrill Lynch International, Telephone (Europe): + 44 20 7996 5420, Telephone (U.S. Toll Free): +1 (888) 292-0070 and Telephone (U.S.): +1 (980) 387-3907. Requests for copies of the Statement and other related materials should be directed to the Tender and Information Agent, Telephone (U.S. Toll Free): +1 (855) 654-2015, Telephone (U.S. Collect): +1 (212) 430-3774, Email: [email protected], Website: https://www.gbsc-usa.com/meadjohnson.
About Reckitt and MJN
Reckitt makes the products people trust to care for the ones they love. Reckitt is home to some of the world's best-loved consumer health and hygiene brands, including Dettol, Durex, Finish, Gaviscon, Harpic, Lysol, Mucinex, Nurofen, Strepsils, Vanish and Veet. Consumers are at the heart of everything Reckitt does. By creating innovative, science-backed solutions, Reckitt supports people every day to live healthier lives. Reckitt exists to protect, heal and nurture in the pursuit of a cleaner, healthier world. This commitment goes beyond the products it makes. Through its actions, Reckitt expands access to healthcare, education and economic opportunities. Reckitt supports the planet by reducing waste, conserving resources and driving sustainable innovation. Reckitt believes good health starts at home. With every action it takes, Reckitt strives to make its consumers' lives easier, cleaner and healthier, to strengthen communities and to create a more sustainable future. Find out more or get in touch with Reckitt at www.reckitt.com.
*Reckitt is the trading name of the Reckitt Benckiser group of companies
MJN, a wholly owned subsidiary of Reckitt, is a global provider of paediatric nutrition products. Its "Enfa" family of brands includes Enfamil infant formula and other established brands in the sector.
Forward-Looking Statements
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terms such as "anticipate," "estimate," "believe," "continue," "could," "intend," "may," "plan," "potential," "predict," "should," "will," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target," "trajectory" or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyses made by Reckitt and its subsidiaries, including MJN (together, the "Group") in light of the Group's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors the Group believes are appropriate in the circumstances.
These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause or contribute to a material difference include the general economic, business, political, geopolitical and social conditions in the key markets in which the Group operates; the Group's ability to innovate and remain competitive; the Group's investment choices in its portfolio management; the ability of the Group to address existing and emerging environmental and social risks and opportunities; the ability of the Group to manage regulatory, tax and legal matters, including changes thereto; the reliability of the Group's technological infrastructure or that of third parties on which the Group relies including the risk of cyber-attacks; interruptions in the Group's supply chain and disruptions to its production facilities; economic volatility including tariffs, and increases in the cost of labor, raw materials and commodities; the execution of acquisitions, divestitures and business transformation projects; product safety and quality, and the reputation of the Group's global brands; and the recruitment and retention of key management.
All forward-looking statements set forth in this release are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to or effects on us or our business or operations. Forward-looking statements set forth in this release speak only as of the date hereof, and we do not undertake any obligation to update forward-looking statements to reflect subsequent events or circumstances, changes in expectations or the occurrence of unanticipated events, except to the extent required by law.
Contact Details
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General Counsel & Company Secretary
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Investor Relations
Akcie Applied Materials před otevřením trhu klesly asi o 5 %, protože silný výhled investory neuklidnil kvůli rostoucí konkurenci. Firma po prudkém růstu letos více než zdvojnásobila cenu akcií.
A smartphone with a displayed Applied Materials logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
Aug 14 (Reuters) - Applied Materials (AMAT.O), opens new tab shares fell about 5% in premarket trading on Friday, as the chip equipment maker's upbeat outlook failed to soothe investors worried about the threat from intensifying competition.
The muted reaction illustrates the high bar chip stocks have to clear and suggests that investors have little tolerance for any hint that a company may be falling behind peers.
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After a sharp rally that has more than doubled Applied's shares this year, investors want clearer signals that the company's growth is outpacing rivals in the wafer-fab-equipment market.
Summit Insights Group said Applied's topline performance has lagged peers such as Dutch chip-equipment maker ASML (ASML.AS), opens new tab and Lam Research.
The company forecast fourth-quarter revenue of about $10.25 billion a day earlier, above the $9.54 billion consensus estimate and forecast that margin would be steady at 50.4% in the October quarter.
Morgan Stanley said the flat outlook was not a major concern amid capacity expansion, but leaves the company exposed to investor demands.
Rivals Lam Research (LRCX.O), opens new tab and KLA (KLAC.O), opens new tab last month reported upbeat results, and ASML lifted its 2026 outlook.
Applied Materials shares are at 32.14 times the expected earnings over the next 12 months, according to data from LSEG. That compares with 34.59, 36.85 and 33.39 for Lam, KLA and ASML, respectively.
Reporting by Akriti Shah in Bengaluru; Editing by Mrigank Dhaniwala
Our Standards: The Thomson Reuters Trust Principles., opens new tab
NZD/USD roste, protože USD slábne kvůli klesajícím očekáváním rychlého zvýšení sazeb Fedu. Pár se obchoduje nad 0,5880 a míří k rezistenci v oblasti 0,5905 až 0,5920.
The New Zealand Dollar (NZD) appreciates on Wednesday as the US Dollar (USD) loses ground across the board amid dwindling hopes of immediate Federal Reserve interest rate hikes. The NZD/USD pair has bounced up to session highs beyond 0.5880 at the time of writing after bouncing from 0.5820 lows on Thursday, with bulls eyeing two-month highs right above 0.5900.
Brown Brothers Harriman’s Elias Haddad highlights that “cooling US CPI and PPI inflation in July” have “trimmed the implied odds of a Fed rate hike in September to nearly 30%, the lowest since the June 17 FOMC decision.”
Haddad notes that this repricing “is keeping USD in check and lifting risk appetite despite the ongoing US-Iran conflict,” adding that “today’s US data releases are unlikely to shift the dial on Fed fund futures pricing.”
Technical Analysis: Key resistance is at the 0.5920 area
NZD/USD held above the 200-day SMA on Thursday and has bounced up strongly, trading at 0.5883 at the time of writing and honouring the upward trendline support from late-June lows.
Momentum indicators in the daily chart are neutral to bullish, with the Relative Strength Index (RSI) near 59 hinting at a constructive bias, while a slightly negative Moving Average Convergence Divergence (MACD) warns about the frail upside pressure.
Bulls are looking at the area between 0.5905 and 0.5920 where August 3 and 7 highs meet the 61.8% Fibonacci retracement of June's selloff. Further up, the 0.6000 area, where bulls were capped in May and early June, emerges as the next target.
On the downside, initial support, the area between the upward trendline, now at 0.5850, and the 200-day SMA at 0.5831, remains a significant challenge for bears. Below here, the late July lows, near 0.5760, would come into play.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Swiss Franc.
USDEURGBPJPYCADAUDNZDCHFUSD-0.22%-0.31%-0.22%-0.31%-0.23%-0.54%-0.11%EUR0.22%-0.09%0.00%-0.13%0.00%-0.34%0.11%GBP0.31%0.09%0.11%-0.03%0.09%-0.22%0.21%JPY0.22%0.00%-0.11%-0.07%-0.01%-0.35%0.12%CAD0.31%0.13%0.03%0.07%0.07%-0.24%0.20%AUD0.23%-0.00%-0.09%0.00%-0.07%-0.32%0.13%NZD0.54%0.34%0.22%0.35%0.24%0.32%0.46%CHF0.11%-0.11%-0.21%-0.12%-0.20%-0.13%-0.46%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Concentrix uvedla, že objednávky AI řešení ve 2. čtvrtletí meziročně vzrostly o 400 %. Zároveň ale čelí silnějšímu tlaku offshoringu, který letos zvyšuje protivítr tržeb na zhruba 300 bazických bodů.
Concentrix: High Debt and Struggling MarginsConcentrix NASDAQ: CNXC said its investments in artificial intelligence are reshaping its customer-experience business, with management emphasizing higher-margin technology and services revenue even as near-term sales growth faces pressure from accelerated offshoring and selected client spending changes.
Speaking at a Canaccord event, Chief Executive Officer Chris Caldwell described Concentrix as a global customer-experience provider operating in about 75 countries with revenue of just under $10 billion. He said the company’s work extends beyond call centers and includes designing customer-experience systems, implementing the technology behind them, and providing the associated services.
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Caldwell said the company has long-standing client relationships, with its top 25 customers averaging roughly 18 years of tenure. He also highlighted geographic diversification, saying approximately one-third of revenue comes from North America-based clients, one-third from Europe-based clients, and one-third from Asia-Pacific-based clients. Its top 10 clients account for less than 20% of revenue, he said.
AI bookings rise as company prioritizes margin expansion While Caldwell characterized recent revenue growth as “relatively anemic,” he said Concentrix is making progress in deploying its Intelligent Experience, or IX, offerings. AI solution contract bookings increased 400% year over year in the company’s second quarter, according to Caldwell.
The IX suite includes fully autonomous tools that can handle customer interactions such as calls and chats, as well as AI tools designed to augment employees and improve productivity. Caldwell said the company is seeing its strongest momentum in the human-augmentation category, where customers can see operational savings and process improvements from technology deployments.
Concentrix expects IX annual recurring revenue to reach about $120 million by the end of the year, up from nearly nothing a little more than a year ago, Caldwell said. The suite currently influences roughly $1.4 billion to $1.5 billion of company revenue.
Management said AI deployments can initially reduce revenue as automation takes effect. Caldwell said revenue commonly declines during the first one or two months of a deployment, bottoms around months six or seven, and then begins growing. After a year, clients using the platform have generally grown faster than Concentrix’s corporate average and faster than before the technology was implemented, he said.
Caldwell also said that after a year of deployment, non-GAAP operating income has increased by about 350 basis points for affected clients. He attributed that improvement to greater operating efficiency, improved pricing and additional volume, as well as software revenue generated through SaaS-style charges.
Offshoring pressure accelerates Management said accelerated offshoring has become a larger revenue headwind than initially anticipated. The company entered the year expecting a 200-basis-point headwind but now expects about 300 basis points, Caldwell said.
About 15% of Concentrix’s business can potentially be delivered from a lower-cost location than where it is currently performed, he said. The company expects that figure to decline to around 11% by year-end as work transitions offshore.
Caldwell said the trend is being driven by clients seeking cost savings after not receiving as much value as expected from certain AI investments. Though offshoring reduces revenue dollars, he said gross-margin dollars remain comparable and the transition becomes more accretive after implementation, which typically takes three to four quarters.
He expects offshoring to remain a recurring industry headwind, though at a more normal annual level of roughly 150 to 200 basis points after the current acceleration. Some work is likely to remain onshore because of brand, customer-service or “white glove” requirements, he said.
Separately, Caldwell said some large clients have pulled back support for certain small-business customer segments, particularly in higher-cost European and Asia-Pacific markets, while directing more investment toward enterprise customers. He characterized that development as narrow and specific to a limited customer set rather than a broader trend across Concentrix’s client base.
Deployment capacity and human interaction remain important Caldwell said deployment capacity is currently constraining the pace at which Concentrix can roll out IX technology. The company is seeking technical talent and forward-deployed engineers, while also working to shorten implementation cycles through more self-service capabilities and improved onboarding tools.
He said autonomous AI has expanded the types of tasks that can be automated, including collections in some countries and application-related processes. However, management believes human interactions will remain important in higher-stakes customer moments, such as healthcare questions or resolving a problem with a brand.
Caldwell also said increased automation does not necessarily reduce customer-contact volumes. Faster, easier access to service can lead consumers to contact brands more frequently, he said, while clients seek to use those interactions to improve sales, loyalty, customer service and overall delivery costs.
Cash flow targeted for debt reduction Chief Financial Officer Andre Valentine said Concentrix expects margin improvement to continue through the second half of the year, supported by IX adoption, offshoring, and restructuring actions that use AI in back-office and general-and-administrative functions.
Valentine said the company expects free cash flow of $630 million to $650 million this year. Management plans to use the majority of that cash flow, after dividends, to reduce debt. The company is targeting leverage below 2.6 times this year and around 2.2 times by the end of fiscal 2027.
Share repurchases remain paused while debt is reduced, although Valentine said buybacks could return if management continues to view the shares as undervalued. He added that Concentrix would also consider accretive acquisitions that fit its long-term strategy.
About Concentrix (NASDAQ:CNXC)Concentrix Inc NASDAQ: CNXC is a global business services company specializing in customer engagement solutions and technology‐driven business process outsourcing. The firm’s offerings encompass customer care delivered across voice and digital channels, back‐office processing, analytics and consulting, and automated workflow management. By integrating proprietary platforms, strategic partnerships and advanced automation, Concentrix helps clients enhance customer experiences and streamline operations.
Its capabilities extend to digital marketing and technology implementation, leveraging artificial intelligence, machine learning and data analytics to optimize customer journeys.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Upbit a Bithumb společně oznámily vyřazení Storj (STORJ), ThunderCore (TT) a JasmyCoin (JASMY) z obchodování kvůli nevyřešeným problémům. Obchodování skončí 14. září v 09:00.
Upbit and Bithumb have announced, in a joint statement, that they have decided to delist Storj (STORJ), ThunderCore (TT), and JasmyCoin (JASMY).
South Korea’s leading cryptocurrency exchanges, Upbit and Bithumb, have announced in a joint statement that they have delisted Storj (STORJ), ThunderCore (TT), and JasmyCoin (JASMY). The exchanges stated that the tokens would be removed from their platforms due to unresolved issues that previously led to their inclusion on a trading alert list.
According to the announcement, trading support for STORJ, TT, and JASMY will end on September 14th at 09:00. Users will no longer be able to trade these tokens after this date. Exchanges emphasized that investors should complete any necessary transactions before the specified date to avoid potential losses.
Upbit and Bithumb periodically review the digital assets they list, evaluating criteria such as project development, trading volume, liquidity, community activity, transparency, and regulatory compliance. Projects that struggle to meet these standards are first placed on watchlists or trading alert lists to warn investors. If the problems persist, a delisting decision may be implemented.
Meanwhile, Coinone, another major South Korean cryptocurrency exchange, has also made a new announcement regarding Storj (STORJ). Coinone announced that the delisting review process previously initiated for STORJ has been extended. This means that the final decision regarding the token’s future on the platform will be made at a later date.
Following these developments, investors began closely monitoring the price performance of the relevant tokens and their trading volumes on exchanges. Delisting decisions by major exchanges in the cryptocurrency market can generally put downward pressure on prices in the short term.
Experts say investors should pay attention not only to price movements but also to statements regarding the technical development level of projects, the size of the ecosystem, and the regular review processes of exchanges. It is believed that these decisions made in the South Korean market could have significant consequences for the global visibility of the relevant projects.
*This is not investment advice.
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Akcie Under Armour tento týden klesly o více než 12 % po snížení doporučení od Barclays na underweight z equal weight. Firma zároveň po výsledcích za 1. fiskální čtvrtletí 2027 snížila celoroční výhled tržeb.
Investors weren't all that eager to try Under Armour's (UA +2.34%) equity on for size these past few days. According to data compiled by S&P Global Market Intelligence, the apparel maker's shares were down in excess of 12% week to date as of Friday before market open. It wasn't hard to determine the key reason why -- an analyst downgraded her recommendation on the stock.
Falling behind in the race?
Tuesday morning, Adrienne Yih of Barclays adjusted her takes on several clothing stocks under her coverage. In doing so, she downshifted her Under Armour rating to underweight (read: sell) from equal weight (hold). However, she maintained her price target of $5 per share.
Image source: Getty Images.
Yih's move came less than a week after Under Armour reported its first quarter of fiscal 2027 results. For the period, net revenue slipped by 3% year over year to just under $1.1 billion, while net income not under generally accepted accounting principles (non-GAAP, or adjusted), rose to $0.05 per share from $0.02.
Under Armour also lowered its full-year revenue guidance.
According to reports, Yih indicated that the company's relatively long product development cycle likely won't yield major improvements in fundamentals this fiscal year. She also waxed bearish on what she considers a delay in its brand recovery, stiff competition in the athletic apparel segment, and other negative factors.
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Better days
These days, it feels like Under Armour's burst of popularity on the consumer market was a long time ago. I'm not seeing any buzz about the brand anywhere, and those recent financials aren't particularly encouraging. I think there are more promising stocks in the specialty clothing space just now.
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Barclays Plc and Under Armour. The Motley Fool has a disclosure policy.
NuScale Power (SMR +2.71%) is worth about $4.2 billion at today's stock price. Its revenue over the past 12 months totals about $10.7 million.
With a gap that wide, the market is paying for what the small modular reactor (SMR) developer might build (reactors for the utilities and artificial intelligence (AI) data-center operators now shopping for around-the-clock power), not for anything it sells today. That isn't automatically a mistake, of course. But the United States has run the new-reactor experiment before, recently, and the results are worth having in hand before paying for this one.
Image source: The Motley Fool.
The 26-to-2 record In the late 2000s, the United States launched what was called a nuclear renaissance. By mid-2009, utilities had filed combined license applications with the U.S. Nuclear Regulatory Commission (NRC) for 26 new reactors at 17 sites.
Two of them were finished.
Georgia's Vogtle Units 3 and 4, originally estimated at $14 billion and expected in service in 2016 and 2017, entered commercial operation in July 2023 and spring 2024. The final cost was more than $30 billion. Seven years late, more than double the money.
South Carolina's V.C. Summer expansion got far enough to start construction before its utilities halted the project in 2017. The rest never produced an operating reactor. Some were withdrawn or suspended, and several won licenses only to be left to lapse. And when Vogtle's second new unit entered service in 2024, no other reactor was under construction anywhere in the country.
The failure mode wasn't the technology. Nuclear projects died in the delivery -- the years and the billions between an application and a working plant.
NuScale's answer NuScale's pitch is aimed at exactly that problem. Its 77-megawatt reactor modules are built in a factory rather than assembled on site, and they can be deployed in configurations of up to 12 modules per plant. The company holds the only SMR design certification the NRC has issued, and it received approval for an updated design in May 2025.
It also says it has built a supply chain of more than 60 partners and has executed over 30 supply agreements. But a 12-module plant tops out at 924 megawatts -- less than a single new Vogtle unit produces.
"[T]he question for off-takers is no longer whether to go with nuclear -- it is which technology can actually deliver, and when," CEO John Hopkins said in the company's second-quarter release.
The financials, however, describe a company still waiting for its market to arrive. Second-quarter revenue came in at $75,000, down from $8.1 million a year earlier, when NuScale was still collecting engineering fees from its Romanian project work. That work wrapped up in late 2025, and revenue for the first half of 2026 totaled just $640,000. The company's second-quarter net loss attributable to its Class A shareholders was $47.5 million.
NuScale does hold $1.9 billion in cash and investments, so it can fund itself for years to come. But that cushion has come from shareholders. The weighted-average Class A share count nearly tripled year over year, to about 365 million shares, and the company added a new $750 million at-the-market stock sale program on Tuesday.
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Two deals, both pending To me, the last cycle sets a clear test for a growth stock like NuScale: not interest, not agreements to study -- a signed, funded order.
Neither of NuScale's two lead opportunities has reached that line yet. The Tennessee Valley Authority is in discussions with ENTRA1 Energy, NuScale's commercialization partner, toward a definitive power purchase agreement the company says would potentially be the largest nuclear deployment program in U.S. history. And in Romania, the six-module RoPower project, the most advanced SMR effort in Europe by NuScale's description, is still working through conditions attached to a shareholder vote to advance it.
Both could get there. Sure, this cycle has something the last one lacked: a new class of buyer in data-center operators, with urgent power needs and deep pockets. But the last boom had committed utilities, federal support, and 26 proposed reactors on file. It ultimately produced two reactors, both late and far over budget.
A $4.2 billion valuation on $10.7 million of trailing sales is arguably priced for the moment the orders arrive. In the last cycle, getting the order turned out to be the easy part.
Akcie Nintendo v Japonsku uzavřely o 7 % výše poté, co prodeje „Pokémon Pokopia“ na Switch 2 překročily 5 milionů kopií. Hra toho dosáhla za něco přes čtyři měsíce od uvedení 5. března.
Nintendo shares closed 7% higher in Japan on Friday after it revealed sales of "Pokémon Pokopia" surpassed 5 million units on its flagship Switch 2 console.
The milestone was hit just over four months after it launched on March 5, Nintendo said on Thursday. This would make it the second-best-selling game on the Switch 2, ahead of "Donkey Kong Bananza" and behind "Mario Kart World."
First announced in September last year, the game wasn't seen as a huge blockbuster, given it is a spin-off from the main Pokémon franchise. Its gameplay has elements of "Animal Crossing," one of Nintendo's most popular games on the original Switch.
Investors watch updates of game sales closely because hit titles can often drive shipments of Nintendo's console, which has faced some headwinds.
Rising memory prices forced the company to raise prices of the Switch 2, which went on sale just over a year ago.
watch now
In the June quarter, Nintendo sold 3.82 million Switch 2 consoles, down 34.4% year-on-year. The company forecast sales of 16.5 million Switch 2 consoles in its fiscal year ended Mar. 31, 2027, which would also be lower than the same period the previous year.
Nintendo on Thursday also announced expansion packs and updates to "Pokémon Pokopia" as it looks to bring new gamers to the title and keep current players engaged.
Shares of Nintendo are still down more than 16% this year. But, over the last month, the stock has rallied more than 26% as investors bet on an improving outlook and hope upcoming blockbuster games spur console sales.
Nintendo plans to launch "The Legend of Zelda: Ocarina of Time," a remake of the classic first released on the Nintendo 64 in the last 1990s, on the Switch 2.
Two new Pokémon games are also slated for next year. Pokémon and Zelda are among of Nintendo's two most popular franchises.
