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."
HOT Stories
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
Catheryn O'Rourke
+44 (0) 1753 217 800
General Counsel & Company Secretary
Nick Ashworth
+44 (0) 7408 812350
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.
The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.
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.
Get Concentrix alerts:
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].
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in Concentrix Right Now?Before you consider Concentrix, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Concentrix wasn't on the list.
While Concentrix currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
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.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
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.
Today's Change
(
2.34
%) $
0.12
Current Price
$
5.24
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.
Today's Change
(
2.71
%) $
0.26
Current Price
$
9.85
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.
Arrow Exploration koupila 100% podíl v ropném těžebním aktivu v Albertě za 12,15 mil. CAD, financovanou z hotovosti. Aktivum má produkci 550 boepd a 4,973 mil. boe prokázaných zásob.
Calgary, Alberta--(Newsfile Corp. - August 14, 2026) - Arrow Exploration Corp. (AIM: AXL) (TSXV: AXL) ("Arrow" or the "Company"), the high-growth operator with a portfolio of assets across key Colombian hydrocarbon basins, is pleased to announce a property acquisition in Alberta, Canada.
Highlights
Acquisition of 100% working interest in 550 boepd oil producing property in Thorsby, Central Alberta Canada
Highly cash generative asset having generated $2.0 million CAD of operating income1 in last 12 months
$12.15 million CAD (approximately $8.9 million USD) purchase price funded directly from on-hand cash reserves
Significant 1P reserve base of 4.973 million boe, 2P of 7.537 million boe and prospective opportunities across 9,501 net acres of land
Management plans to deploy development program across lower Cretaceous Sparky reservoir, having identified 22 low-cost, quick payout drilling locations on the property
Current production is approximately 27% oil and liquids. 1P and 2P volumes approximately 55% oil and liquids.
Thorsby Property Acquisition
Arrow is pleased to announce it has acquired an oil producing property in the Thorsby area of Central Alberta Canada. The acquisition is a 100% working interest purchased from a private company. The Thorsby asset has current production of 550 boepd, with low decline rates of 15%, and a third-party reserve report estimating 4.973 million boe of total proved reserves (1P) and 7.537 million boe of total proved plus probable reserves (2P).
The acquisition price is $12.15 million CAD (approximately $8.9 million USD) and is being funded from Arrow's cash reserves. In the last 12 months the property has generated approximately $2.0 million CAD of operating income1. The third-party reserve report, with an effective date of 31 December 2025, has pre-tax NPV 10 for the 1P and 2P reserves of $38 million CAD ($27 million USD) and $71 million CAD ($51 million USD) respectively. Arrow is assuming decommissioning liabilities of $8.7 million CAD ($6.3 million USD).
Thorsby is 9,501 net acres of 100% working interest land approximately 200km north of Calgary. All lands and associated infrastructure have been acquired as part of the transaction. Alberta Energy Regulator applies 55 million stock tank barrels original oil in place with a 3% recovery to date. Arrow believes there is significant original oil in place with secondary recovery potential to arrest declines and boost recovery factor.
The lower Cretaceous Sparky reservoir is up to 25m in places with a 15-meter net pay average at a 9% cutoff. Management has identified 22 upside drilling locations on the property.
1 Revenue less royalties less operating costs and workovers
Marshall Abbott, CEO of Arrow commented:
"The Thorsby acquisition represents a low-risk, exceptional return inventory suite of development drilling opportunities. The development focus is on the Cretaceous Sparky Formation as a proven reservoir where management has years of geologic fluency. It gives the Company a significant increase in reserves, a low-risk development program with 22 initial drilling locations, while the Company remains debt free and financially healthy."
"The 2-mile lateral horizontal wells that Arrow plans to drill at Thorsby are expected to cost approximately $2.2 million CAD . Each well pad is planned to contain 3 wells. The Thorsby area has year-round access and is close to abundant infrastructure."
"The Sparky wells have high initial production (300 BOPD) rates with low declines and pay out very quickly. The Sparky reservoir has a history of reacting positively to secondary recovery, such as water flood."
"Management believes that the Thorsby acquisition complements the Colombian operations very well. Geologically the play type and trapping mechanisms are very similar. That is 3-way structure juxtaposed against a sealing barrier. This also represents very similar reserve capture and adds significant cash flow and IRRs that exceed 500% on a well-by-well basis. Thorsby also represents additional drilling inventory that is complementary to Colombian inventory. This provides significant optionality in pursuing highest value add prospects."
"The dedicated Arrow team remains committed to pursuing additional high return opportunities in both jurisdictions."
Arrow Exploration Corp. (operating in Colombia via a branch of its 100% owned subsidiary Carrao Energy S.A.) is a publicly traded company with a portfolio of premier Colombian oil assets that are underexploited, under-explored and offer high potential growth. The Company's business plan is to expand oil production from some of Colombia's most active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins. By way of a private commercial contract with the recognized interest holder before Ecopetrol S.A., Arrow is entitled to receive 50% of the production from the Tapir block. The formal assignment to the Company is subject to Ecopetrol's consent. Arrow's seasoned team is led by a hands-on executive team supported by an experienced board. Arrow is listed on the AIM market of the London Stock Exchange and on TSX Venture Exchange under the symbol "AXL".
Forward-looking Statements
This news release contains certain statements or disclosures relating to Arrow that are based on the expectations of its management as well as assumptions made by and information currently available to Arrow which may constitute forward-looking statements or information ("forward-looking statements") under applicable securities laws. All such statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results or developments that Arrow anticipates or expects may, could or will occur in the future (in whole or in part) should be considered forward-looking statements. In some cases, forward-looking statements can be identified by the use of the words "continue", "expect", "opportunity", "plan", "potential" and "will" and similar expressions. The forward-looking statements contained in this news release reflect several material factors and expectations and assumptions of Arrow, including without limitation, Arrow's evaluation of the impacts of COVID-19, the potential of Arrow's Colombian and/or Canadian assets (or any of them individually), the prices of oil and/or natural gas, and Arrow's business plan to expand oil and gas production and achieve attractive potential operating margins. Arrow believes the expectations and assumptions reflected in the forward-looking statements are reasonable at this time, but no assurance can be given that these factors, expectations, and assumptions will prove to be correct.
The forward-looking statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Qualified Person's Statement
The technical information contained in this announcement has been reviewed and approved by Grant Carnie, senior non-executive director of Arrow Exploration Corp. Mr. Carnie was formerly a member of the Canadian Society of Petroleum Geologists, holds a B.Sc. in Geology from the University of Alberta and has over 35 years' experience in the oil and gas industry.
The technical information has been prepared in accordance with the standards contained in the most recent publication of the Canadian Oil and Gas Evaluation Handbook (the "COGEH") and the reserves definitions contained in National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101").
This Announcement contains inside information for the purposes of the UK version of the market abuse regulation (EU No. 596/2014) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").
Glossary
bopd Barrel of oil per dayboepd Barrel of oil equivalent per dayboe Barrel of oil equivalentNOT FOR RELEASE, DISTRIBUTION, PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/309604
Source: Arrow Exploration Corp.
Ready to Announce with Confidence?
Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Michael Burry drží medvědí sázky na Nvidia, Palantir a Micron, ale CoreWeave nechce shortovat kvůli riziku prudkého short squeeze. Akcie CoreWeave ve středu po výsledcích vyskočily o více než 19 %.
Michael Burry is becoming more aggressive against the AI trade, but one company he has criticised remains off limits: CoreWeave.
The “Big Short” investor has retained put options on Nvidia and Palantir, increased his Micron short and replaced losing semiconductor ETF puts with a larger bearish position in the Nasdaq-heavy QQQ.
Yet Burry says CoreWeave is too dangerous to short because its limited float, retail following and volatility can overwhelm fundamentals.
His decision is tactical rather than bullish. CoreWeave may be one of the AI companies Burry distrusts most, but it is also the one he sees as most capable of punishing bearish traders.
Burry said his current bearish exposure resembles, and may be even more aggressive in some respects than, his positioning around the 2020 market crash.
His latest portfolio update shows QQQ puts representing about 6% of the portfolio after he exited losing SOXX puts.
An outright SOXX short remains his largest bearish position at roughly 7%, while he retained Nvidia and Palantir puts and increased his Micron short as the memory stock approached $1,000.
Burry has also increased cash to about 12% as partial preparation for a broader decline.
His concern stretches beyond valuations. Burry argues that AI companies increasingly finance one another and recycle capital through the same ecosystem, while growing debt introduces a real cost of capital.
He has identified 2028 as a possible point when excess compute capacity becomes more visible.
CoreWeave would appear to fit Burry’s thesis perfectly.
Earlier this year, he criticised its debt-funded GPU spending, rapid depreciation and customer concentration, comparing the AI cloud provider unfavourably with infrastructure businesses from the dot-com era.
But when asked whether CoreWeave was an attractive short, Burry focused instead on trading risk.
“CRWV has more of a meme vibe,” he said, according to Stocktwits, adding that he would rather avoid shorting the leading candidate for “memesville.”
This week demonstrated the danger.
CoreWeave shares surged more than 19% on Wednesday after second-quarter revenue more than doubled to $2.58 billion.
Revenue backlog reached $104.2 billion, while the company raised its 2026 revenue outlook to $12.4 billion-$13.2 billion.
Bernstein analyst Madison Rezaei, previously critical of CoreWeave’s execution, acknowledged after the results that “in this quarter, they delivered.” She nevertheless retained an Underperform view, with debt and longer-term AI-compute economics still concerns.
The contradiction captures Burry’s problem: questionable fundamentals do not guarantee a falling stock.
Burry is betting against a market where many analysts still see demand, not excess capacity, as the dominant issue.
Brad Neuman, director of market strategy at Alger, told Business Insider that investors should be “more worried about supply than demand,” pointing to constraints around data centres and grid connections.
Micron offers another sharp disagreement. Mizuho analyst Vijay Rakesh reiterated an Outperform rating and $1,375 target this week, arguing that tight DRAM and NAND conditions could persist through 2027 and support unusually high margins.
Nvidia also retains strong analyst support. Bank of America’s Vivek Arya described Nvidia’s new third-party AI infrastructure financing platform as structurally bullish because it shifts much of the capital burden away from Nvidia while reinforcing its CUDA ecosystem.
The Euro (EUR) trades 0.17% higher at around 1.1550 against the US Dollar (USD) during the European trading session on Friday. The major currency pair gains as the Euro rises due to firm expectations that the European Central Bank (ECB) will raise interest rates in the policy meeting in September.
According to a Reuters poll, 57 of 69 economists said that they see the ECB hiking its deposit rates by 25 basis points (bps) to 2.50% in September.
Market experts also seem confident about the ECB tightening its monetary conditions in September to tame hot inflationary pressures.
ECB seen hiking again as other central banks face tougher choices
Analysts at HSBC highlight a growing divergence in the global policy outlook, noting that "although we expect the European Central Bank (ECB) to now deliver another rate rise in September, for other major central banks it is a much tougher balancing act." The bank contrasts the ECB’s readiness to tighten further with a more cautious stance elsewhere, underscoring the challenge facing policymakers outside the Eurozone as they weigh inflation risks against the need to keep policy on hold.
Meanwhile, traders pricing out the possibility of an interest rate hike by the Federal Reserve (Fed) in September is dragging the US Dollar.
Fed hike odds slip as softer inflation data drives dovish repricing
Analysts at Deutsche Bank highlight that the softer inflation backdrop has prompted a notable dovish shift in Fed expectations, with “pricing for a September Fed hike fell to just 35% by the close, down from above 50% on the morning of Wednesday’s CPI release.” They add that the “downside PPI surprise led to an immediate reaction in pricing for the next Fed meeting,” noting that “the probability of a September hike had been at 40% right before the release, but was down to 35% by the close.”
EUR/USD Technical Analysis
EUR/USD trades at around 1.1550, holding the downward-sloping trendline at around 1.1540, but is capped by the 100-day simple moving average (SMA), which is at 1.1567.
The Relative Strength Index (14) around 60 hints at firm bullish momentum, but this improving sentiment is yet to overcome the overhead SMA that continues to act as a ceiling.
On the downside, initial support is seen near the former trend-line break point at 1.1510, where the market previously cleared a descending resistance line, now acting as a structural floor. On the topside, the 100-day SMA at 1.1567 forms the first resistance barrier, and a decisive close above this level would be needed to ease the current bearish bias and open the way to a more sustained recovery. Looking up, the major barricade of the pair would be the round-level at 1.1600.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
ECB FAQs The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its primary tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will usually result in a stronger Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
In extreme situations, the European Central Bank can enact a policy tool called Quantitative Easing. QE is the process by which the ECB prints Euros and uses them to buy assets – usually government or corporate bonds – from banks and other financial institutions. QE usually results in a weaker Euro. QE is a last resort when simply lowering interest rates is unlikely to achieve the objective of price stability. The ECB used it during the Great Financial Crisis in 2009-11, in 2015 when inflation remained stubbornly low, as well as during the covid pandemic.
Quantitative tightening (QT) is the reverse of QE. It is undertaken after QE when an economic recovery is underway and inflation starts rising. Whilst in QE the European Central Bank (ECB) purchases government and corporate bonds from financial institutions to provide them with liquidity, in QT the ECB stops buying more bonds, and stops reinvesting the principal maturing on the bonds it already holds. It is usually positive (or bullish) for the Euro.
EUR/USD stood at 1.1537 on Friday, with markets continuing to digest incoming economic data. Soft US inflation figures have reduced expectations of a Federal Reserve rate hike in September.
Data released on Thursday showed that producer prices were flat in July. Together with the benign CPI report, this suggests that inflationary pressures are not yet accelerating.
Markets are now pricing in a 35% probability of a 25-basis-point Fed rate hike in September, down from 55% a week earlier. Moderate inflation reduces the need for near-term policy tightening.
Recent data also suggest that the initial inflationary impact of the Middle East conflict and high energy prices may be easing. However, uncertainty surrounding a potential agreement and the reopening of the Strait of Hormuz continues to pose risks to the inflation outlook.
Technical analysis
On the H4 chart of EUR/USD, the market continues to trade within a consolidation range, currently extending between 1.1511 and 1.1545, with the upper boundary being tested from below. The consolidation range around the 1.1546 level is nearing completion. An upside breakout would suggest a corrective move towards 1.1570, followed by a decline to 1.1492. A direct downside breakout would open the way for a move towards 1.1492, with scope for the trend to extend to 1.1400. The MACD indicator supports this scenario, with its signal line below zero and pointing downwards, reflecting continued bearish momentum.
On the H1 chart, the market has completed an upward move to 1.1543. A consolidation range is currently forming below this level. A move lower towards 1.1492 is expected, followed by a move higher to 1.1536, and then a continuation of the downward trend to 1.1400, with scope for a further decline to 1.1330. The Stochastic oscillator confirms this scenario, with its signal line below 80 and trending downward towards 20, indicating increasing short-term downside pressure.
ConclusionEUR/USD remains range-bound as markets assess the implications of softer US inflation data, which have reduced the likelihood of a September Fed rate hike from 55% to 35%. Producer prices were flat in July, adding to evidence that inflationary pressures are moderating. The initial impact of the Middle East conflict and high energy prices appears to be fading. However, uncertainty over a potential US–Iran agreement and the reopening of the Strait of Hormuz still poses risks. Technically, the pair may see a short-term corrective move towards 1.1570 before resuming its broader bearish trend towards 1.1492 and potentially 1.1400. The near-term direction will depend on further US economic data and geopolitical developments.
Společnost MONETA Money Bank, a.s., zveřejňuje informaci o předčasném splacení dluhopisů Tier 2 s ISIN CZ0003704918. Více informací ZDE.
(komerční sdělení)
Tagy: Povinně uveřejňované informace
Reklama
Na tomto místě můžete zahájit diskusi. Zatím nebyl zadán žádný názor. Do diskuse mohou přispívat pouze přihlášení uživatelé (Přihlásit). Pokud nemáte účet, na který byste se mohli přihlásit, registrujte se zde.
Aktuální komentáře
14.08.2026 9:55MONETA Money Bank, a.s.: Oznámení k dluhopisům 9:45Uber chce nasadit v Evropě robotaxi. Společně s Pony.ai plánuje rozmístit 2000 autonomních vozů 9:39Mzdy šéfů firem z indexu S&P 500 jsou na rekordu 9:19Rozbřesk: Jak sucho urychlí návrat potravinové inflace? 8:41Trhy sledují OpenAI, dluhopisy i nové sankce proti Íránu 6:04Pátá vlna veder zasahuje Evropu. Pojišťovny varují před rostoucími škodami 13.08.2026 17:04151 let historických zkušeností a 80% pravděpodobnost růstu trhu v následujících letech 15:12Čína rozbila v dodávkách NAND pamětí korejsko-americký triumvirát 13:30Investoři čekali výprodej, přišla rally. Akcie SpaceX po skončení lock-upu překvapily 11:40Cisco překonalo očekávání, investory ale zklamal opatrný výhled na AI tržby 11:07Maersk znovu navyšuje výhled. Těží z vyšších sazeb za přepravu i problémům v dodavatelských řetězcích 10:15Čínská cenzura proniká do odpovědí amerických modelů umělé inteligence 10:12Lenovo překvapilo rekordními tržbami. Akcie vystoupaly na historická maxima 9:42Rozbřesk: Sázky na zářijové zvýšení sazeb Fedu poklesly pod 40 % 8:54Fed získal prostor k vyčkávání, geopolitická rizika však přetrvávají 5:57Analytický radar: AI příběh je po výsledkové sezoně ještě silnější. Favoritem zůstává Nvidia 12.08.2026 22:01S&P 500 po klidných inflačních datech posílil 17:11Jak to dnes vypadá s americkou výjimečností? 16:00Braňo Soták: AI implikace z oznámených výsledků CoreWeave 14:50Akcie Nebiusu letí nahoru o 16 procent. Firma překonala odhady, poptávka po AI infrastruktuře dál zrychluje
Reklama
Související komentáře
Nejčtenější zprávy dne
Nejčtenější zprávy týdne
Nejdiskutovanější zprávy týdne
Kalendář událostí
ČasUdálost 11:00EMU - HDP, q/q 14:30USA - Maloobchodní tržby, m/m 16:00USA - Index spotř. důvěry Mich. university
Quarterly cash dividend increased 19 percent to $0.86 per share
16th consecutive year Cboe has increased its dividend
, /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading global markets operator and pioneer in equity and index derivatives, today announced its Board of Directors has declared an increased quarterly cash dividend of $0.86 per share of common stock for the third quarter of 2026, representing a 19 percent increase from the prior quarter's dividend of $0.72 per share.
The third-quarter 2026 dividend is payable on September 15, 2026, to stockholders of record as of August 31, 2026.
About Cboe Global Markets
Cboe Global Markets (Cboe: CBOE) is a leading global markets operator with a long history of innovation in equity and index derivatives. Since launching the world's first listed options exchange in 1973, Cboe has pioneered landmark products, including the introduction of S&P 500® index options and the creation of the VIX® Index, the world's leading gauge of market volatility, reshaping how investors manage risk and access opportunity. Today, Cboe operates derivatives, equities, and FX markets, providing trading, clearing, and investment solutions for customers worldwide. To learn more, visit www.cboe.com.
Cboe Media Contacts
Cboe Analyst Contact
Angela Tu
Tim Cave
Kenneth Hill, CFA
+1-646-856-8734
+44 (0) 7593-506-719
+1-312-786-7559
[email protected]
[email protected]
[email protected]
CBOE-C
CBOE-OE
Cboe®, Cboe Global Markets®, and VIX ® are registered trademarks or service marks of Cboe Exchange, Inc and S&P 500® is a registered trademark of Standard & Poor's Financial Services LLC. All other trademarks and service marks are the property of their respective owners.
Cashback rates increased and extended to all purchases with Klarna on Plus and above
Plans now include as many as 23 standout subscriptions, including recent additions NordVPN, Livi, foodora and Voi*
NEW YORK--(BUSINESS WIRE)--Klarna, the global digital bank and flexible payments provider, today unveiled its most significant membership upgrade yet. The revamped tiers deliver more cashback, up to €6,000 worth of perks, and remove service fees — built so a Klarna membership pays for itself, and then some.
Klarna's improved membership lineup spans four tiers, each built for a different kind of member but all embodying a flexible ethos: pay only for the Klarna that fits your life. Pay later is free at partner stores, or get broader fee-free access with Everywhere (formerly Core), or climb to Plus, Premium or Max for richer cashback rewards, bigger, everyday perks and a growing set of subscriptions and protections.
A Klarna membership is a fairer alternative to a credit card by design, and one of the biggest differences is freedom. While other cards tie you in for a year, a Klarna membership moves with you. Upgrade for a big travel month and drop back down when things are quieter, with no penalty and no year-long lock-in. There’s no interest on pay later and no pressure to spend, so you simply get more from your money, every month.
The Klarna membership revamp brings three main changes:
Standout new perks worth as much as €6,000 annually: We've recently added NordVPN, Livi, foodora and Voi to existing subscriptions like ClassPass, Headspace, The New York Times, Condé Nast, Storytel, Picsart, Blinkist and Clue*. Plus get travel data, hotel status upgrades, airport lounge access, and UK members can also now enjoy exclusive mobile plans with unlimited data as part of their membership. Removal of all service fees: Pay later at any store, fee-free with Klarna Everywhere. At partner stores, pay later is free for all, no membership needed More cashback: The higher your tier, the more you earn back Membership cashback: Up to 1.5% cashback on every purchase with Klarna Partner cashback: Up to 4x the baseline in-app cashback offering at featured stores This builds on everything members already love about a Klarna membership, like damage and theft cover, a best price guarantee, purchase protection and exclusive merchant discounts. Higher up, there’s also a metal card, travel insurance, airport lounge access and cancel-for-any-reason protection for covering live events and trips.
Members can also convert their Klarna earned cashback points directly to leading travel and hospitality partners, including global airline loyalty programs like The British Airways Club, Flying Blue and Turkish Airlines Miles&Smiles, plus iconic hotel programs like ALL Accor, IHG One Rewards, Hilton Honors, Radisson Rewards, Wyndham Rewards and Global Hotel Alliance Discovery.
"This is the democratisation of banking perks. You shouldn't have to commit for a year and take out a credit card to get cashback and premium benefits. A Klarna membership is flexible, transparent, doesn’t depend on debt, and dollar for dollar, there's nothing in Europe that even comes close on value,” said Klarna Chief Executive Officer and Co-Founder Sebastian Siemiatkowski.
"People want more from their money, without the barriers. Choose the tier that fits your life and change it whenever life changes – the value is always yours. That's money working for you, not the other way around, and it's the everyday money network that we're building,” Siemiatkowski added.
Non-members can use Klarna without service fees anywhere it’s offered at checkout, including Pay in 3, Pay in Full, and Klarna Financing (eligibility applies), as well as use Klarna Balance, Klarna Card in debit mode, get cashback at featured stores in the Klarna app, and access app features like delivery tracking, wishlists, price-drop notifications and loyalty cards.
Klarna Members get all this and much more across four tiers built to fit however they choose to pay, save and spend. New members get their first month of Klarna Everywhere or Plus for just €0.99, or 30% off the first three months of Premium or Max.
The new membership plans are rolling out gradually in the coming weeks in Denmark, Germany, Austria, Italy, France, Spain, Belgium, the UK, Norway, Sweden and Finland, with other regions to follow soon.
The Membership Plans
Klarna Everywhere (€4.99/month) — Use Klarna everywhere
Unlock access to use Klarna everywhere Visa is accepted, without service fees, for the price of a coffee a month. After two fee-free purchases it's already paid for itself.
Use Klarna fee-free anywhere Visa is accepted (subject to credit approval) A Klarna Credit Card, including a physical card (eligibility applies) Access to the One-Time card Exclusive discounts in the Klarna app worth €15 a month Plus access the classic Klarna toolkit: Flexible payments and Pay in Full anywhere Klarna’s offered at checkout Klarna Balance and Klarna Card in debit mode Klarna Financing (eligibility applies) Cashback at featured stores in the Klarna app, and other in-app features like delivery tracking, wishlists, price-drop notifications and loyalty cards. Klarna Plus (€9.99/month) — Earn more, save more, worry less
Cashback on everything you pay for, plus protection on what you buy, and perks worth having.
Everything in Everywhere, plus: Stackable cashback rewards: 0.5% cashback every time you pay with Klarna, whether on debit or pay later, paid out monthly on Klarna Rewards Day 2x in-app partner cashback: Double rewards at featured stores when you shop in the Klarna app Higher interest on your savings: Extra 0.1% on top of the current Klarna standard rate Subscriptions like ClassPass, Bon Appétit, Epicurious and Laundryheap Purchase protection: Damage and theft covered up to €500 30-day best price guarantee: found it cheaper? Get the difference back Exclusive discounts in the Klarna app worth €80 a month, like Booking.com, Nike, MediaMarkt, or Sephora Better travel benefits: Discounted lounge passes at 1,900+ airports worldwide GHA Gold status with the Global Hotel Alliance 1GB travel data: eSIM in 200+ countries Access to Klarna priority customer support Klarna Premium (€19.99/month) — More of everything, with premium access
Get as many as 12 subscriptions for the price of one, plus cashback, purchase protections, travel cover, a metal card, and access to a dedicated support team.
Everything in Plus, plus: 1% membership cashback on all Klarna payments and a 3x in-app partner cashback multiplier Even higher interest on your savings: Extra 0.2% on top of the current rate As many as 12 digital subscriptions, including NordVPN, Classpass, Headspace, New York Times, foodora, Vogue, GQ, Voi, Blinkist, and Clue Expanded purchase protection plus 24-month extended warranty on purchases Even better travel benefits: Global travel and rental car insurance 2GB of travel data GHA Platinum status with the Global Hotel Alliance Further discounted lounge passes at 1,900+ airports worldwide A premium silver metal card Access to a Klarna dedicated support team Klarna Max (€44.99/month) — Max out your money, protections, and subscriptions
The highest cashback rates Klarna offers, as many as 23 subscriptions, and travel cover that even refunds cancelled trips. For members who want it all working, all the time.
Everything in Premium, plus: 1.5% membership cashback on all Klarna payments Plus a 4x in-app partner cashback multiplier Max interest on your savings: Extra 0.5% on top of the current rate As many as 23 digital subscriptions, including NordVPN, Classpass, Headspace, New York Times, foodora, Voi, Blinkist, Clue, The New Yorker, Wired, Vanity Fair, Vogue, GQ, Condé Nast Traveler, Architectural Digest, Bon Appétit & Epicurious A free mobile phone plan with unlimited data (UK only) Cancel-for-any-reason protection on trips and events: 70% refund on non-refundable trips and events canceled 24+ hours before The best travel benefits: Unlimited complimentary airport lounge access GHA Titanium status with the Global Hotel Alliance 5GB of travel data A premium rose gold metal card * Offerings may vary by region.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding our future financial performance, business strategy, growth objectives and market opportunities. Words such as "believe," "expect," "anticipate," "intend," "plan," "will," "may," "could," "estimate," and similar expressions identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed or implied. Forward-looking statements reflect our views as of the date of this release and are based on information currently available to us. We undertake no obligation to update any forward-looking statements, except as required by law. Actual results may differ materially from those anticipated. Investors should not place undue reliance on these forward-looking statements and should review the risk factors in our filings with the SEC for a more complete discussion of risks.
About Klarna
Klarna is a global digital bank and flexible payments provider. With over 119M global active Klarna users and 3.4M transactions per day, Klarna's AI-powered payments and commerce network is empowering people to pay smarter with a mission to be available everywhere for everything. Consumers can pay with Klarna online, in-store and through Apple Pay & Google Pay. More than 1M retailers trust Klarna's innovative solutions to drive growth and loyalty, including Uber, H&M, Saks, Sephora, Macy's, Ikea, Expedia Group, Nike and Airbnb. Klarna is listed on the New York Stock Exchange (NYSE: KLAR). For more information, visit Klarna.com.
SCRI a Merck uzavřely spolupráci na rozšíření přístupu pacientů k onkologickým klinickým studiím v komunitních centrech v USA. Cílem je zrychlit a zjednodušit průběh studií.
Merck will leverage SCRI’s Accelero™ delivery model to streamline trial operations with the goal of expanding patient access to cancer clinical research in the community setting
NASHVILLE, Tenn.--(BUSINESS WIRE)--Sarah Cannon Research Institute (SCRI), one of the world’s leading oncology research organizations conducting community-based clinical trials, announced a strategic collaboration with Merck, known as MSD outside the United States and Canada, to utilize SCRI’s Accelero™ delivery model designed to expand patient access to oncology clinical trials at community-based sites across the U.S.
The oncology clinical research landscape is rapidly evolving, as study designs become more complex, patient eligibility criteria more precise, and the heightened urgency to bring breakthrough science to patients faster continues to grow. These dynamics require modern clinical trial delivery models that are more efficient, data-enabled, and accessible for patients in community settings. SCRI and Merck are working together to address the challenges by advancing a scalable approach to oncology trial execution.
“At Merck, we are focused on advancing research to better understand cancer and potential therapeutic approaches. By leveraging the Accelero™ delivery model, we have the potential to reach patients faster, reduce protocol complexity, and make oncology clinical studies more accessible in the communities where patients live,” said Jennifer Coppola, Associate Vice President and Regional Head for Global Clinical Trial Operations of North America at Merck Research Laboratories.
Through Accelero™, SCRI uses a streamlined operating model to improve the speed and efficiency of oncology drug development. SCRI works closely with its physician network and industry partners to identify specific challenges and tailor fit-for-purpose solutions, including EHR-to-EDC data transfer across portfolios, accelerated site start-up and increased enrollment on high-priority studies. With select industry partners, Accelero™ has delivered site activations up to 50 percent faster than traditional operations, enrollment rates 19 percent higher than the 7 percent national average, and 95 percent fewer data changes than traditional clinical research coordinator data entry processes.1
“Merck has helped shape the modern era of cancer treatment, and we share a commitment to advance the next generation of cancer medicines through innovative approaches,” said Dee Anna Smith, Chief Executive Officer of SCRI. “Together, we are committed to accelerating trial delivery, reduce operational friction, and bring research to patients.”
About Sarah Cannon Research Institute (SCRI)
Sarah Cannon Research Institute (SCRI) is one of the world’s leading oncology research organizations conducting community-based clinical trials. Focused on advancing therapies for patients over the last three decades, SCRI is a leader in drug development. It has conducted more than 900 first-in-human clinical trials since its inception and contributed to pivotal research that has led to the majority of new cancer therapies approved by the FDA in the past decade. SCRI’s research network brings together approximately 1,500 oncology physicians who provide access to clinical trials in SCRI’s research network of over 200 locations in more than 20 states across the U.S. Visit SCRI.com to learn more.
Pan American Silver ve 2. čtvrtletí vykázala volný peněžní tok 344 mil. USD a rekordně vrátila akcionářům 300 mil. USD, přičemž potvrdila celoroční výhled produkce stříbra i zlata.
Gold and Silver Pulled Back—Here’s Why the Bull Case Is IntactPan American Silver NYSE: PAAS reported second-quarter 2026 attributable free cash flow of $344 million and returned a record $300 million to shareholders through share repurchases and dividends, while maintaining its full-year operating outlook for silver and gold production and costs.
President and CEO Michael Steinmann said the company produced 6.5 million attributable ounces of silver during the quarter, at the high end of its quarterly guidance range, supported by performance at La Colorada and Juanicipio. The company reaffirmed its 2026 silver production guidance of 25 million to 27 million ounces.
Get Pan American Silver alerts:
Silver Hits $95—These 3 Miners Could Outrun the MetalSilver segment all-in sustaining costs were $17.80 per ounce in the second quarter. Steinmann attributed the cost level primarily to higher-cost ounces from an inventory drawdown at La Colorada, higher royalties associated with mining on an adjacent third-party concession, unfavorable currency movements and higher labor-related costs.
Gold outlook shifts toward lower end of guidance Attributable gold production totaled about 166,000 ounces in the second quarter, below the company’s quarterly outlook. Pan American expects the quarter to be its weakest for gold output in 2026 and said production should be more heavily weighted toward the fourth quarter.
Gold and Silver Are on Fire—These Canadian Miners Ride the WaveWhile the company reaffirmed its full-year gold guidance range of 700,000 to 750,000 ounces, it now expects to finish at the low end of that range. It also reduced its third-quarter gold outlook to approximately 3,000 to 6,000 ounces below the lower end of its previously issued quarterly range of 178,500 to 192,000 ounces.
The revised near-term outlook reflects lower-than-expected production at Jacobina and El Peñón. At Jacobina, Pan American now expects annual gold production to be about 10,000 ounces below the low end of its original guidance range of 181,000 to 191,000 ounces.
Steinmann said the company has responded to seismic activity at Jacobina by leaving larger pillars, reducing mining rates in some higher-grade areas and increasing development to open additional mining zones. He said the seismic events had not caused injuries or infrastructure damage, and characterized the production impact as a postponement rather than a loss of reserves.
The company is also evaluating alternative mining approaches, including Avoca-type methods with waste-rock and cemented backfill, as part of an optimization program at Jacobina. Process plant upgrades, including new carbon-in-pulp tanks and electrical control systems, are expected to be commissioned this year. Pan American is studying whether to upgrade existing processing circuits or construct a new processing facility for the long-life asset.
At El Peñón, silver production remains expected to fall within its original annual guidance range of 3.65 million to 3.95 million ounces. However, gold production is now expected to be about 10,000 ounces below the low end of the prior 104,000-to-111,000-ounce range. Steinmann said lower continuity in certain secondary structures led the company to replace planned material with ore from more silver-rich and less gold-rich areas.
Financial results and liquidity Revenue was $1.1 billion in the second quarter, while attributable revenue including Pan American’s 44% interest in Juanicipio was $1.3 billion. Net earnings were $305 million, or $0.72 per share, including a $179 million tax expense. Adjusted earnings were $0.73 per share.
Cash flow from operations was $320 million after $205 million in income taxes paid and $17 million used for working capital. Attributable cash flow from operations, including Juanicipio, was $418 million.
The company raised its 2026 guidance for income taxes paid to between $585 million and $635 million, citing higher profitability from metal prices and the settlement of prior-year tax obligations. CFO Ignacio Couturier said Pan American expects its full-year effective tax rate to remain in the low-30% range, though quarterly rates may vary because of adjustments and true-ups.
Pan American ended the quarter with $1.8 billion in cash and short-term investments, including cash attributable to Juanicipio. In July, it renewed and amended its five-year senior unsecured revolving credit facility, doubling its size to $1.5 billion and adding a $750 million accordion feature. The facility was undrawn, bringing total available liquidity to about $3.2 billion.
Projects and shareholder returns At La Colorada, Pan American reached the first cut of the 588 decline in early August, advancing access to the skarn deposit. Engineering work on the material-handling system and ventilation shaft is continuing, with a design, cost estimate, schedule and recommendation expected before year-end.
At Timmins, the company is advancing the first phase of its Timmins Camp project, including the Bell Creek shaft extension and exploration drifts targeting the Vogel and Samson deposits. Pan American expects to issue updated mineral resource and reserve estimates in September and a preliminary economic assessment for the Timmins Camp project in the first half of 2027.
The company said the ILO Convention 169 consultation process for Escobal remains underway, including government and Xinka representative meetings during the quarter. Steinmann said there is no timeline for completing the consultation and no restart date for the mine.
Pan American repurchased more than 7 million shares under its normal course issuer bid through 2026 to date. The company declared a second-quarter dividend of $0.184 per common share. Steinmann said the company remains on track with its shareholder-return framework, which targets distributing approximately 35% to 40% of cash to shareholders through dividends and buybacks. Pan American also said weather associated with El Niño had disrupted road access and personnel transportation in Chile and affected operations in Argentina, though Steinmann said the impacts had not been material to operations so far. The company said it is preparing sites for potential additional rainfall while prioritizing safety.
About Pan American Silver (NYSE:PAAS)Pan American Silver Corp. NYSE: PAAS is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.
With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.
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].
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in Pan American Silver Right Now?Before you consider Pan American Silver, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pan American Silver wasn't on the list.
While Pan American Silver currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Applied Materials oznámila výsledky za 3. fiskální čtvrtletí 2026. V konferenčním hovoru k nim uvedla i upozornění na rizika a ne-GAAP finanční ukazatele.
Applied Materials, Inc. (AMAT) Q3 2026 Earnings Call August 13, 2026 4:30 PM EDT
Company Participants
Michael Sullivan - Corporate Vice President of Investor Relations
Gary Dickerson - President, CEO & Executive Director
Brice Hill - Senior VP, CFO & leads Global Information Services
Conference Call Participants
Christopher Muse - Cantor Fitzgerald & Co., Research Division
Vivek Arya - BofA Securities, Research Division
Stacy Rasgon - Bernstein Institutional Services LLC, Research Division
Timothy Arcuri - UBS Investment Bank, Research Division
Sreekrishnan Sankarnarayanan - TD Cowen, Research Division
Harlan Sur - JPMorgan Chase & Co, Research Division
Blayne Curtis - Jefferies LLC, Research Division
James Schneider - Goldman Sachs Group, Inc., Research Division
Mehdi Hosseini - Susquehanna Financial Group, LLLP, Research Division
Srinivas Pajjuri - RBC Capital Markets, Research Division
Presentation
Operator
Welcome to the Applied Materials Third Quarter of Fiscal 2026 Earnings Call. [Operator Instructions]
I would now like to turn the call over to Mike Sullivan, Corporate Vice President of Investor Relations. Please go ahead.
Michael Sullivan
Corporate Vice President of Investor Relations
Good afternoon, everyone, and thank you for joining today's call. With me are Gary Dickerson, our President and CEO; and Brice Hill, our Chief Financial Officer.
Before we begin, I'd like to remind you that today's call includes forward-looking statements, which are subject to risks and uncertainties that could cause our actual results to differ. Information concerning these risks and uncertainties is discussed in our most recent Form 10-Q and other filings with the SEC.
Today's call also includes non-GAAP financial measures. Reconciliations to GAAP measures can be found in today's earnings press release and in our quarterly earnings materials, which are available on our website at ir.appliedmaterials.com.
In addition, any comments regarding calendar 2026 refer to Q2 of this fiscal year through Q1 of fiscal 2027, which will be a 14-week quarter.
Global Net Lease dokončil akvizici Modiv Industrial a přidal průmyslové portfolio za 535 milionů USD. Transakce má zvýšit průmyslovou expozici na zhruba 50 % a být okamžitě o 4 % akreční k AFFO na akcii.
Adds a $535 Million Primarily Industrial Portfolio at Attractive Pricing of Approximately 7.6% Cash Cap Rate and 8.7% GAAP Cap RateExpected to be Immediately 4% Accretive to AFFO Per Share in Leverage-Neutral TransactionAdvances Portfolio Transformation with Increased Industrial Exposure and Longer Lease Duration NEW YORK, Aug. 13, 2026 (GLOBE NEWSWIRE) -- On August 12, 2026, Global Net Lease, Inc. (NYSE: GNL) (“GNL” or the “Company”) completed its previously announced acquisition of Modiv Industrial, Inc. (“Modiv”), adding a portfolio of high-quality industrial net-lease properties across the United States. The acquisition represents another significant step in GNL’s transformation strategy, increasing industrial exposure to approximately 50% of total straight-line rent1 while enhancing portfolio quality, diversification, and cash flow durability.
Modiv's portfolio features a high-quality tenant base, with approximately 45% of annual base rent generated by investment-grade rated tenants2, a weighted average remaining lease term of 15.0 years3 and annual contractual rent escalations averaging 2.4%4. The acquisition extends GNL's weighted average remaining lease term from 5.7 years as of June 30, 2026 to 6.6 years3 on a pro forma basis and is expected to be immediately 4% accretive to AFFO per share while remaining leverage neutral. Collectively, these attributes are expected to enhance earnings, strengthen the long-term growth profile of cash flows through embedded contractual rent increases, and preserve the balance sheet strength and financial flexibility GNL has built over the past several years.
The transaction closed following approval by Modiv stockholders at a special meeting held on August 10, 2026. No vote of GNL stockholders was required to complete the transaction. Under the terms of the merger agreement, each share of Modiv common stock was converted into the right to receive 1.975 newly issued shares of GNL common stock and each share of Modiv preferred stock converted into the right to receive an amount in cash equal to $25.00, plus any accrued and unpaid dividends. Following the closing of the transaction, Modiv's common stock and preferred stock were delisted from the New York Stock Exchange (“NYSE”), and former Modiv common stockholders now own shares of GNL common stock, which continues to trade on the NYSE under the symbol “GNL.”
“The completion of our Modiv acquisition marks another important milestone as we continue executing our strategy to strengthen GNL's portfolio and enhance the durability of our cash flows,” said Michael Weil, Chief Executive Officer of GNL. “We believe Modiv's industrial assets are an exceptional strategic fit, increasing our industrial exposure to approximately 50% of our annual straight-line rent while extending our weighted average remaining lease term. The transaction is expected to be immediately 4% accretive to AFFO per share, with additional embedded earnings growth supported by annual contractual rent escalations averaging 2.4% that will compound over the portfolio's 15.0-year weighted average remaining lease term. Equally important, we acquired these assets at an attractive valuation, approximately a 7.6% cash cap rate and an 8.7% GAAP cap rate, underscoring the compelling economics of the transaction. We've accomplished this on a leverage neutral basis with the same disciplined capital allocation that has been central to the progress we've made over the last several years. We are pleased to welcome Modiv's stockholders and tenants to GNL and look forward to building on this momentum as we continue working to create long-term value for our stockholders.”
About Global Net Lease, Inc.
Global Net Lease, Inc. (NYSE: GNL) is a publicly traded real estate investment trust that focuses on acquiring and managing a global portfolio of income-producing net lease assets across the United States, and Western and Northern Europe. Additional information about GNL can be found on its website at www.globalnetlease.com.
Footnotes
[1] As of June 30, 2026.
[2] Investment Grade includes both actual investment grade ratings of the tenant or guarantor, if available, or implied investment grade. Implied investment grade may include actual ratings of tenant parent, guarantor parent (regardless of whether or not the parent has guaranteed the tenant's obligation under the lease) or by using a proprietary Moody's analytical tool, which generates an implied rating by measuring a company's probability of default. The term “parent” for these purposes includes any entity, including any governmental entity, owning more than 50% of the voting stock in a tenant or a guarantor. Based on Annual Base Rent and as of December 31, 2025, Modiv’s portfolio was 23% actual investment grade rated, and 22% implied investment grade rated.
[3] Metric based on square feet as of December 31, 2025, adjusted for Modiv’s previously disclosed disposition of Northrop Grumman and Kalera.
[4] Metric based on Annual Base Rent as of December 31, 2025, adjusted for Modiv’s previously disclosed disposition of Northrop Grumman and Kalera.
Important Notice
The statements in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. The words such as “may,” “will,” “seeks,” “anticipates,” “believes,” “expects,” “estimates,” “projects,” “potential,” “predicts,” “plans,” “intends,” “would,” “could,” “should” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of GNL’s control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include the risks that any acquisition or disposition by GNL and any potential future acquisition or disposition by GNL, is subject to market conditions, capital availability and timing considerations and may not be identified or completed on favorable terms, or at all. Some of the risks and uncertainties, although not all risks and uncertainties, that could cause GNL’s actual results to differ materially from those presented in GNL’s forward-looking statements are set forth in the “Risk Factors” and “Quantitative and Qualitative Disclosures about Market Risk” sections in GNL’s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and all of its other filings with the U.S. Securities and Exchange Commission, as such risks, uncertainties and other important factors may be updated from time to time in GNL’s subsequent reports. Further, forward-looking statements speak only as of the date they are made, and GNL undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.
Freshworks staví EX portfolio na enterprise technologii bez zbytečné složitosti a AI považuje za nutnost v soutěži o zakázky. CFO uvedl, že počet zaměstnanců je o více než 20 % pod maximem, zatímco roční opakované výnosy vzrostly zhruba o 30 %.
CRM Stocks Are Hot in 2024 — Should You Hold for 2025 Gains?Freshworks NASDAQ: FRSH CFO Tyler Sloat said the company is positioning its employee experience, or EX, portfolio around enterprise-grade technology designed to avoid the complexity typically associated with larger software platforms.
Speaking during a company webinar, Sloat said Freshworks faces competition in virtually every deal and that its primary differentiator is delivering products that are easy to use, deploy and manage while still providing enterprise capabilities. He said the company’s roots serving small and midsize businesses helped establish that emphasis on usability.
Get Freshworks alerts:
Freshworks Stock Soars 50% – Is This the Perfect Entry Point?“Our right to win really comes with… being able to deliver an enterprise-grade product without that enterprise-grade complexity,” Sloat said, adding that the approach can also help customers reduce costs relative to competitors.
EX portfolio expands beyond IT ticketing Sloat said Freshworks has broadened its EX offering from core IT service management, or ITSM, ticketing into several adjacent product areas. Those include enterprise service management, or ESM, IT asset management, or ITAM, and IT operations management, or ITOM.
Top 2 CRM Stocks Positioned to Surge Higher With AI in 2025The company’s ESM capabilities are intended to support business functions outside IT, with human resources representing the largest current use case, according to Sloat. He said Freshworks rearchitected its database layer to create separate workspaces with security and compliance controls, allowing functions such as HR to operate separately from IT teams.
Freshworks also expanded its ITAM capabilities through its acquisition of Device42. Sloat said the company initially partnered with and resold Device42’s product before acquiring the business. Freshworks has since rewritten the configuration management database, or CMDB, in its Freshservice product to incorporate Device42 capabilities in a cloud framework.
ITOM is the next major area of focus, Sloat said, following Freshworks’ acquisition of FireHydrant. He described ITOM as a category often used by technology operations teams within product or chief technology officer organizations to respond to incidents. He said FireHydrant was one of Freshworks’ top three deals in the second quarter, involving a large organization that selected FireHydrant without also being a Freshservice customer.
While Freshworks plans to consider additional adjacent markets, Sloat said it intends to prioritize integrating new offerings into a seamless and manageable platform rather than adding disconnected products.
AI viewed as table stakes and internal efficiency driver Sloat said artificial intelligence capabilities have become essential in competitive software evaluations. He pointed to growing attach rates for Freddy Copilot on “significant” deals, which Freshworks defines as transactions above $30,000.
He said Freshworks sees its system of record and ITIL-compliant workflows as a durable competitive advantage, even as AI may make competing products easier to configure or administer. The company is building AI features including AI Agent Studio for EX, Copilot capabilities and AI Insights on top of those workflows.
Internally, Sloat said the engineering organization has been among the largest users of AI tools, using them to improve coding speed and accuracy. He said Freshworks’ headcount is down more than 20% from its peak a couple of years ago, while annual recurring revenue has increased by roughly 30%.
The company has also adopted AI-enabled software it already licenses, selected AI-first vendors for certain new tools, and made tools including Gemini, Claude and OpenAI available to employees, according to Sloat. He said Freshworks is requiring teams to demonstrate returns from those investments rather than treating AI tools as experimental products.
AI pricing and revenue recognition Sloat said Freshworks is monitoring AI-related token costs internally and has teams dedicated to managing usage and evaluating returns. For customers, the company offers Freddy Copilot as an add-on and sells AI Agent Studio through session packs priced at $0.49 per resolution.
He said customer AI use has increased significantly this year and that the company’s pricing structure is intended to support both customer value and Freshworks’ margins. Sloat said Freshworks continues to report gross margins in the mid-80% range.
The CFO said session-pack revenue is recognized ratably rather than immediately upon consumption. For example, if a customer purchases an annual session pack, revenue is recognized over the applicable subscription period, he said.
Sloat also said AI-related revenue assumptions are included in Freshworks’ previously disclosed long-term targets of $1.4 billion in annual recurring revenue and $1.3 billion in revenue. However, he said the company does not plan to provide a separate AI revenue figure every quarter as AI features become embedded across its products.
Capital allocation and October event Freshworks had $664 million in net cash and effectively no debt, according to Sloat. He said the company does not view itself as overcapitalized and expects to continue deploying capital through stock repurchases, net settlement of restricted stock units and selective acquisitions.
Sloat said Freshworks expects to generate $265 million of free cash flow this year and has discussed potentially committing a portion of annual free cash flow to buybacks in the future. He said the company aims to grow free cash flow per share by 20% annually through a combination of revenue growth, profitability and share-count reduction.
The company’s next virtual Refresh event is scheduled for October and will highlight new product features, with a substantial focus on AI capabilities, Sloat said.
About Freshworks (NASDAQ:FRSH)Freshworks, Inc is a global provider of cloud-based customer engagement software designed to help businesses streamline customer support, sales, marketing, and IT service operations. The company's integrated suite of solutions enables organizations of all sizes to deliver seamless experiences across multiple channels, including email, chat, phone, and social media. Freshworks' platform is built on modern, user-friendly interfaces and offers native automation, AI-powered insights, and analytics to improve efficiency and customer satisfaction.
The company's flagship product, Freshdesk, serves as a helpdesk solution for customer support teams, while Freshservice addresses IT service management needs.
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].
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in Freshworks Right Now?Before you consider Freshworks, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Freshworks wasn't on the list.
While Freshworks currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Frontdoor letos čeká návrat růstu počtu členů poprvé od roku 2020 díky oživení realitního trhu, růstu přímého prodeje a silnému obnovování smluv.
CFO Jason Bailey uvedl, že to už spustilo bod zlomu v celkovém růstu počtu členů.
Frontdoor NASDAQ: FTDR Chief Financial Officer Jason Bailey said the home warranty provider expects member growth to return this year for the first time since 2020, supported by improving real estate-channel conditions, continued direct-to-consumer growth and strong renewal rates.
Speaking at a company news event, Bailey described Frontdoor as a capital-light, recurring-revenue home services business operating within the broader $500 billion home services market. The company estimates that home warranties currently cover roughly 5 million of 90 million owner-occupied homes, while the longer-term category opportunity could reach 15 million to 20 million homes.
Get Frontdoor alerts:
Frontdoor sells plans through real estate transactions and directly to consumers, with annual prices generally ranging from $500 to $900 depending on geography, coverage options and service fees. The company’s plans cover 29 major home systems and appliances, including air conditioners, dishwashers and water heaters. Bailey characterized the product as providing consumers with budget protection and convenience when covered systems fail.
Real Estate Recovery and Direct-to-Consumer Growth
Bailey said pressure in the housing market had weighed on Frontdoor’s first-year real estate sales channel over the past five years. Existing home sales declined, while low housing inventory and short time-on-market conditions reduced opportunities associated with home closings.
He said the company focused during that period on protecting market share and improving customer renewal rates through service and renewal experiences. About 18 to 24 months ago, Frontdoor also increased engagement with local real estate agents through several initiatives, including the launch of virtual expert services, the company app and limited promotional discounts in certain markets.
Housing inventory has since risen from roughly two to two-and-a-half months during the COVID-era low to 4.6 months, Bailey said. While existing home sales have remained flat, he said Frontdoor’s field sales organization was prepared to benefit as real estate activity began to improve.
“As real estate has started to grow again, and we’ve had this consistent growth in first-year direct to consumer with these really strong renewal rates, those have combined to hit that inflection point to drive total member growth for the first time since 2020,” Bailey said.
The company has used introductory pricing in its direct-to-consumer channel to acquire customers. Bailey said Frontdoor has found that customers acquired through those offers have renewed at the same or slightly higher rates than other cohorts after being returned to regular pricing in less than two years.
He attributed that performance to clearer communication around introductory pricing, service quality and Frontdoor’s use of dynamic pricing tools. Bailey said the company’s scale, customer data and experience across markets allow it to use dynamic pricing to protect customer lifetime value while pursuing customer growth.
Technology, Contractor Network and Customer Engagement
Bailey said Frontdoor is seeking to build customer engagement beyond service-request frequency. Historically, claims and service requests had a direct relationship with renewal rates, but the company has expanded its approach through onboarding calls, follow-up communications, autopay offers and ancillary services such as tune-ups and rekeying.
The company has also deployed a virtual expert service that lets members interact online with Frontdoor-employed plumbers, appliance repair technicians and electricians. The service can help customers resolve certain issues themselves or provide more information before a contractor visit.
Frontdoor relies on an independent network of 17,000 contractors nationwide. Bailey said approximately 4,000 are designated preferred contractors, which handle about 85% of claims and have delivered better cost and quality outcomes.
Bailey said the Frontdoor app brings virtual expert services and other offerings together in one place for members. He added that the company had reported 36 consecutive months of improvement in five-star scores.
Non-Warranty HVAC Upgrades Expand Revenue Stream
One of Frontdoor’s newer growth initiatives is its non-warranty service business, led by HVAC upgrades and replacements for primarily existing warranty customers. The company uses its purchasing scale and contractor relationships to offer replacement systems at discounts of 20% to 40% versus retail prices, depending on the market, Bailey said.
Bailey said the HVAC upgrade business has grown from approximately $13 million five years ago to an expected nearly $170 million this year. The offering can provide members with newer, more energy-efficient equipment while giving contractors larger installation jobs and generating margin for Frontdoor.
He said the company has not seen evidence that the service reduces the perceived value of a home warranty. Instead, retention rates have remained steady or increased slightly following the HVAC upgrade experience, according to Bailey.
2-10 Integration and Margin Outlook
Bailey called Frontdoor’s acquisition of 2-10 Home Buyers Warranty a “resounding success.” The acquired company includes both traditional home warranty operations and a new-home structural warranty business that covers areas such as foundation issues. Bailey said the structural warranty segment provides an additional channel to market traditional warranty products when homeowners roll off their initial coverage periods.
Frontdoor targeted roughly $10 million in first-year cost synergies from the transaction and delivered nearly twice that amount last year, Bailey said. The company has also moved 2-10 customer accounts onto its platform and is using its contractor network and direct-to-consumer capabilities to pursue revenue synergies.
Frontdoor recently raised its long-term adjusted EBITDA margin outlook to the mid-20% range from the low-20% range. Bailey said the company’s renewal book, which represents more than 75% of its customer base, is a stable source of gross margin. While its non-warranty business carries a lower gross-margin profile of roughly 20% to 25%, Frontdoor is using dynamic pricing and SG&A discipline to support its broader margin target.
On capital allocation, Bailey said Frontdoor’s priorities are organic growth, acquisitions, maintaining a strong balance sheet and returning cash to shareholders. He said the company prefers leverage in the range of two to 2.5 times and expects to complete its second share repurchase authorization by year-end.
About Frontdoor (NASDAQ:FTDR)Frontdoor, Inc NASDAQ: FTDR is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.
Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.
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].
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in Frontdoor Right Now?Before you consider Frontdoor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Frontdoor wasn't on the list.
While Frontdoor currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Guardant Health uvedl, že jeho testy pro onkologii, MRD a screening kolorektálního karcinomu zrychlují růst. Shield zaznamenal zhruba 50% růst objemu mezi čtvrtletími a více než 100násobný meziroční růst.
4 Healthcare Stocks With Massive Gains—and More to ComeGuardant Health NASDAQ: GH highlighted growth across its oncology testing, minimal residual disease, and colorectal cancer screening businesses at the Canaccord Genuity Growth Conference, with co-CEOs Helmy Eltoukhy and AmirAli Talasaz pointing to expanding adoption, new reimbursement developments, and planned product launches.
Eltoukhy said the company’s second-quarter performance reflected “a business that’s really firing on all cylinders,” citing three large and overlapping growth opportunities in therapy selection, recurrence detection and cancer screening. He said Guardant360, the company’s liquid-biopsy therapy selection test, delivered more than 30% year-over-year growth, while its tissue test grew at an even faster rate.
Get Guardant Health alerts:
Deciphering Disruption: Inside Cathie Wood's Latest PlaysAccording to Eltoukhy, adoption of the company’s Smart Platform, which combines genomic and epigenomic capabilities, has supported volume growth in both liquid and tissue testing. He said the platform’s applications and performance have helped differentiate Guardant360 Liquid CDx, including its ability to identify certain disease characteristics and transitions in lung cancer from blood samples.
MRD portfolio expands with Reveal Ultra
Guardant’s MRD business, centered on its Guardant Reveal test, grew more than 100% year over year, Eltoukhy said. The company launched a therapy-monitoring indication for Reveal in November, and he said the business is benefiting from Guardant’s established relationships with oncologists through Guardant360.
3 Fast-Growing Stocks Analysts See Doubling in PriceThe company expects to launch Guardant Reveal Ultra, its first tumor-informed offering, during 2026. Eltoukhy said the addition would give Guardant a broad oncology testing portfolio spanning liquid, tissue, tumor-informed and tissue-free approaches.
He described tumor-informed and tissue-free MRD testing as complementary opportunities. Tissue-free testing can provide results more quickly and may identify disease beyond the tissue removed in surgery, while tumor-informed approaches can offer deeper sensitivity, he said. Guardant believes both approaches will be important across what Eltoukhy characterized as an approximately 18 million-patient MRD market.
Guardant is pursuing reimbursement progress for Reveal in breast cancer and therapy monitoring through MolDX, Eltoukhy said. He added that demand has been strong even before reimbursement, which he viewed as evidence of product-market fit. The company is also working toward eventual ADLT, or advanced diagnostic laboratory test, status for Reveal and its tissue products, potentially through regulatory pathways.
Shield adoption and payer coverage
Talasaz said Shield, Guardant’s blood-based colorectal cancer screening test, has moved from a category-building phase into a category-scaling phase. Shield recorded roughly 50% quarter-over-quarter volume growth and multi-hundred-percent year-over-year growth, according to Eltoukhy.
Talasaz said adoption by healthcare providers and primary-care physicians, as well as sales-representative productivity, has exceeded the company’s expectations. He also pointed to UnitedHealth Group’s decision to provide broad coverage for Shield for eligible patients in its plans.
Guardant had worked with UnitedHealth for several years, including pilots involving employer populations managed by the insurer, Talasaz said. He said recent colorectal cancer screening guideline inclusion, including by the American Cancer Society, served as a final catalyst for UnitedHealth’s coverage decision.
While the company is holding constructive discussions with other payers, Talasaz said Guardant does not expect another major payer coverage decision before the end of 2026. He added that the American Cancer Society guideline may also support state-level coverage mandates in certain states.
Cost reductions and screening pipeline
Guardant received FDA approval for an enhanced Shield workflow designed to increase laboratory throughput and efficiency. Talasaz said the workflow is expected to lower Shield’s cost of goods sold by 15% by year-end. He said the company is targeting Shield cost of goods sold of about $200 at scale in 2028, compared with approximately $400 reported in the second quarter, while projecting an average selling price above $700 at that point.
The company has more than 400 commercial representatives in the field and plans to expand that organization to between 600 and 700 representatives at steady state, Talasaz said. Guardant is also running national direct-to-consumer and influencer campaigns, although most commercial investment remains focused on field-based promotion.
Shield was developed as a multi-cancer detection platform and has been clinically validated for a panel of 10 solid tumor types, Talasaz said. While it is FDA approved for colorectal cancer screening, Guardant is also conducting a lung cancer screening study. Enrollment has been completed, and the company expects to complete clinical follow-up and the database sometime before year-end or in early 2027.
Guardant also offers patients receiving Shield for colorectal cancer screening the option to receive information on nine additional cancer types through its data initiative program. Talasaz said the majority of primary-care physicians ordering Shield are opting into those multi-cancer reports. The resulting commercial database could ultimately support a future FDA submission to expand Shield’s indication from colorectal cancer screening to multi-cancer detection, he said.
Reimbursement and longer-term opportunities
Eltoukhy said Guardant360 Liquid CDx’s recent FDA approval did not materially affect second-quarter results because the company is phasing its launch. Guardant expects the principal launch to occur after obtaining ADLT designation, which Eltoukhy said has been positioned as a first-half 2027 event. The process includes securing a PLA code and then submitting for ADLT status.
He said broader reimbursement for the therapy-selection test would likely occur in stages, beginning with Medicare Part B, followed by Medicare Advantage and commercial payers, in a process that could take 12 to 24 months.
Beyond oncology, Talasaz said Guardant’s epigenomic technologies have generated early proof-of-concept findings in areas including organ health monitoring, fatty liver disease and neurodegenerative diseases such as Alzheimer’s disease and dementia. He stressed that these efforts remain in early stages, but said the company sees potential to apply its oncology model of screening, monitoring and treatment management in other disease areas.
About Guardant Health (NASDAQ:GH)Guardant Health, Inc is a precision oncology company specializing in blood-based cancer diagnostics. Founded in 2012 and headquartered in Redwood City, California, the company develops non-invasive tests that use circulating tumor DNA (ctDNA) to profile genomic alterations in patients with solid tumors. Guardant Health's mission is to advance cancer care by providing actionable data to clinicians, pharmaceutical partners and researchers worldwide.
The company's flagship product, Guardant360, is a next-generation sequencing (NGS) assay designed to detect mutations, copy number variations and select fusions in more than 70 cancer-related genes.
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].
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in Guardant Health Right Now?Before you consider Guardant Health, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Guardant Health wasn't on the list.
While Guardant Health currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
CFO společnosti Trump Media Phillip Juhan prodal 18 817 akcií v rámci automatického prodeje kvůli daňovým povinnostem. Po transakci drží 581 749 akcií.
Phillip Juhan, Chief Financial Officer of Trump Media & Technology Group Corp. (DJT +0.36%), reported the disposition of 18,817 shares on August 13, 2026 per the SEC Form 4 filing.
Transaction summaryMetricValueTransaction value~$157,000Shares sold (directly held)18,817Post-transaction shares (directly held)581,749Post-transaction value~$4.8 millionInsider ownership0.21%Transaction value based on SEC Form 4 weighted average sale price ($8.33); post-transaction value based on August 13, 2026 market close ($8.30).
Key questionsWas this a discretionary market sale by the CFO?
No, the transaction was an automated sell-to-cover event to satisfy tax obligations, which does not reflect the insider's discretionary outlook on the company's valuation or future performance.What is the nature of the insider's remaining equity exposure?
Phillip Juhan continues to hold 581,749 shares directly, and the CFO also holds derivative securities in the form of restricted stock units that remain subject to future vesting schedules.How has the equity performed relative to this liquidity event?
As of the August 13, 2026 transaction date, the shares have declined 54% over the preceding 12 months.What was the execution context for this trade?
The 18,817 shares were disposed of in multiple transactions at prices ranging from $8.16 to $8.49, resulting in the reported weighted average price of $8.33 per share.Company OverviewMetricValueShare Price (as of market close 2026-08-12)$8.27Market Capitalization$2.3 billionRevenue (TTM)$4.5 millionNet Income (TTM)-$1.3 billionCompany SnapshotTrump Media & Technology Group operates Truth Social, a social networking platform that generates revenue through digital advertising and user engagement services within the United States market.The company's business model centers on building and monetizing a proprietary social media platform designed to serve users seeking an alternative to mainstream social networks.The platform targets a defined demographic of users in the United States seeking social networking services aligned with specific ideological preferences.Trump Media & Technology Group Corp., founded in 2021 and headquartered in Sarasota, Florida, operates Truth Social as its primary digital asset. With a market cap of $2.3 billion and minimal revenue generation of $4.5 million over the trailing 12 months, the company remains in an early-stage development phase with substantial operating losses.
The organization is focused on scaling its social networking platform to establish competitive positioning within the crowded social media landscape as it prepares for a merger with TAE Technologies.
What this transaction means for investorsThe August 13 sale of Trump Media stock by CFO Phillip Juhan occurred a few days after the company terminated its previously announced proposed business combination with Crypto.com. Instead, Trump Media’s foray into cryptocurrency will be put aside in favor of a planned merger with TAE Technologies, a privately-held fusion energy enterprise. The deal is expected to close in the fourth quarter.
However, Juhan’s disposition is an unrelated event, as it was a non-discretionary transaction executed to fulfill tax withholding obligations associated with the vesting of restricted stock units (RSUs). The CFO maintained a sizable 581,749 directly-held shares post-disposal, including unvested RSUs, ensuring continued alignment with shareholder interests.
Trump Media posted Q2 sales of $1.7 million, up from $883,300 in the prior year. Even so, the company’s net loss ballooned to $238.1 million from 2025’s loss of $20 million as the value of its cryptocurrency declined.
Trump Media’s efforts to grow its business have met with setbacks, such as the termination of the partnership with Crypto.com. Its path forward to long-term prosperity now seems entirely dependent on its merger with TAE Technologies.
Robert Izquierdo 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.
Mobilicom ve 2. čtvrtletí vykázal tržby zhruba 1,2 mil. USD, protože dodávky v programu U.S. Department of War přešly na měsíční rytmus. Firma má téměř 16 mil. USD upravené hotovosti a žádný dluh.
Mobilicom NASDAQ: MOB reported second-quarter revenue of approximately $1.2 million as deliveries under a U.S. Department of War program of record moved to a monthly cadence, executives said during the company’s first-half 2026 results call.
Founder and Chief Executive Officer Oren Elkayam said all revenue during the period came from off-the-shelf product sales to enterprise and defense customers, with the majority generated in the United States. He said the company continued to generate revenue from both hardware products and software licensing, with hardware gross margins in the 50% to 60% range and software margins that can reach up to 90%.
Director of Finance Liad Gelfer said the majority of first-half revenue arrived in the second quarter as the program transitioned to ongoing monthly deliveries. While backlog declined from the end of the first quarter, Gelfer said that reflected shipments rather than weakening demand, describing backlog as “throughput rather than a stock of waiting orders.” Orders received after the first-half close are being built for second-half fulfillment, he said.
Get Mobilicom alerts:
Cash Position and Spending Mobilicom said it ended the period with nearly $16 million in adjusted cash on hand. Gelfer said the company has no debt, credit facilities or at-the-market equity program, and characterized its balance sheet as providing a multiyear runway at its current spending rate.
Gelfer said the company’s EBITDA loss was roughly $500,000 per month, in line with adjusted cash burn. The difference between the two measures reflected working capital accumulated to support anticipated second-half deliveries, he said.
He added that the company’s reported IFRS net loss was affected primarily by non-cash share-based compensation, currency movements and warrant valuation changes. Cash received during the half came from holders exercising existing instruments rather than from a new equity issuance, according to Gelfer.
Responding to an analyst question, Gelfer said Mobilicom does not need to raise capital to execute its stated plan. Any future financing would be considered for opportunities such as accelerating operations or pursuing mergers and acquisitions, rather than for operating necessity, he said.
New Products and Design Wins Elkayam said Mobilicom launched two products during the period: SkyHopper Multiband and Scarper Tactical. The company also secured two design wins based on those products, including a win with an Israeli Tier 1 manufacturer for a short- to mid-range loitering munition platform.
The chief executive said the loitering munition program could support larger volumes if it advances to mass production. He also highlighted a separate design win for an AI-enabled autonomous weapon system that incorporates two Mobilicom software products and two hardware products, including the Scarper data link and a 10-inch mobile ground control station.
Elkayam said the initial order for that program has already been delivered and described the selection as evidence that the company can sell an integrated hardware, cybersecurity and software stack rather than individual components.
Mobilicom reported nine Tier 1 customer platforms during the first half, meeting its full-year target range of eight to 10 platforms. The company said one platform had entered a monthly delivery cadence, compared with its goal of having two platforms in that stage during 2026.
Approximately 1,000 units were produced during the first quarter, with deliveries continuing into the second quarter. Production of another 1,000 units began in the second quarter. The company accelerated procurement of long-lead components for an additional 1,000 units in response to supply-chain constraints. Elkayam said the inventory of long-lead items is intended to support Mobilicom’s first U.S. production run in 2026 and help the company respond more quickly to demand.
U.S. Manufacturing and Defense Market Efforts The company said it continued to deliver monthly under a U.S. Marine Corps program of record through a Tier 1 customer. Mobilicom also said one of its customers is advancing through the U.S. Army’s LASSO validation process.
Mobilicom has narrowed its search for a U.S. manufacturing partner to two candidates after reviewing multiple prospective manufacturers, conducting site inspections and evaluating factors including tax benefits, location, capacity and capabilities. Elkayam said the company is in the final stages of selecting a partner and that the Pentagon is monitoring its progress on the onshoring plan.
The company also said it received FCC Trusted Drone exemption status across its cybersecurity software and hardware offerings. Elkayam said its products hold several U.S. endorsements and validations that support participation in federal and Department of War programs, including Blue UAS Select, Trusted Cyber certification, NDAA validation and frequency allocation under DD Form 1494.
Mobilicom was selected to demonstrate its secure autonomy technology at Northern Strike 2026, which Elkayam described as a major Department of War exercise involving military users and decision-makers.
Drone Dominance Opportunity During the question-and-answer session, Elkayam discussed the Department of War’s Drone Dominance Program. He said the first phase focused on low-cost, small first-person-view drones and did not present a direct opportunity for Mobilicom because requirements were largely price-driven and involved basic missions.
However, he said the program’s second phase is shifting toward secured, encrypted digital communications and cybersecurity compliance requirements. Those requirements align with Mobilicom’s Scarper product family, according to Elkayam.
While Mobilicom is monitoring the market, Elkayam said the company has not yet decided whether to target the lower-cost, high-volume FPV segment. He said later phases expected in 2027 could be more relevant to the company’s capabilities, particularly as security, certified-vendor and U.S.-manufacturing requirements increase.
Looking ahead, Mobilicom said it is focused on supporting OEM customers through integration and qualification, maintaining monthly deliveries in the second half, finalizing its U.S. manufacturing agreement and expanding its higher-margin cybersecurity and software licensing business.
About Mobilicom (NASDAQ:MOB)Mobilicom Ltd. NASDAQ: MOB is an Israel-based technology company specializing in secure communications, cybersecurity and edge computing solutions for unmanned systems, ground vehicles and critical assets. The company's core platform integrates advanced encryption, artificial intelligence and resilient networking capabilities to protect data and command-and-control links in contested or degraded environments.
The company's flagship offerings include AerialGuard, a turnkey cyber-hardened communications suite for unmanned aerial vehicles (UAVs); VehicularGuard, designed to secure vehicle-to-everything (V2X) communications in ground systems; and MissionCore, a software-defined command-and-control framework that delivers real-time situational awareness and autonomous decision support.
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].
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in Mobilicom Right Now?Before you consider Mobilicom, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mobilicom wasn't on the list.
While Mobilicom currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we’ll send you MarketBeat’s list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Swarmer ve 2. čtvrtletí zvýšil tržby na přibližně 216 tis. USD z 138 tis. USD, ale čistá ztráta se prohloubila na 7,2 mil. USD. Firma zároveň rozšířila program SkyKnight na potenciální hodnotu 14,2 mil. USD.
Swarmer NASDAQ: SWMR reported second-quarter 2026 revenue of approximately $216,000, up from $138,000 in the prior-year period, as the autonomous-systems software company completed its first full quarter as a public company. The company also reported a wider net loss as it increased spending on personnel, engineering, product development and public-company operating costs.
President and U.S. CEO Alex Fink said the company expanded its customer base, advanced deployments across unmanned platforms and continued investing in technology and partnerships during the quarter. Swarmer develops software intended to enable a single operator to coordinate large numbers of autonomous systems across air, land and maritime applications.
Get Swarmer alerts:
Fink said Swarmer's technology has supported more than 100,000 combat missions in Ukraine since April 2024. He characterized the operational data generated through those missions as a differentiator that helps the company refine its artificial intelligence and autonomy capabilities.
SkyKnight Program and Revenue Accounting
A central focus of the call was Swarmer's expanded SkyKnight program. During the quarter, the customer added approximately $1 million in contracted license value, bringing the combined contract's potential value to approximately $14.2 million if all options are exercised. The program currently represents approximately $3.9 million of contracted license value, according to management.
Swarmer received $1.4 million under the SkyKnight program during the quarter after delivering software licenses. However, CFO Brooks Ensign said the accounting treatment limited the amount recognized in reported revenue. Approximately $200,000 was recognized as revenue, $100,000 was recorded as deferred revenue, and the remainder was recorded as an advance on the balance sheet.
Fink said the contract expansion was outside the scope of the original agreement. He explained that SkyKnight, also called Meta, increased its projected quantity of fixed-wing drones and acquired additional autonomy licenses. The customer retains an option to upgrade certain drones equipped with Swarmer's operating system to the company's full autonomy platform.
Ensign said the SkyKnight program also included a separate, one-time contractual prepayment of approximately $2.2 million that contributed to the company's cash usage during the quarter.
Costs, Loss and Liquidity
Gross profit totaled approximately $184,000 in the second quarter, compared with $82,000 a year earlier. In response to an analyst's question, Ensign said cost of goods sold currently consists of web-based data services. He said engineering services could be included in future revenue arrangements and that the company was still evaluating its methodology, but estimated gross margins could be around 80%.
Operating expenses rose to approximately $7.5 million from approximately $855,000 in the second quarter of 2025. Ensign attributed the increase primarily to investments in personnel, engineering and product development, as well as higher consulting, legal and professional-service expenses related to being a public company.
The quarter's operating expenses included one-time equipment purchases that Ensign said are unlikely to recur in most quarters, along with $1.2 million in non-cash stock compensation expense. Net loss widened to approximately $7.2 million, compared with a loss of approximately $1.6 million in the prior-year quarter.
Cash and cash equivalents stood at approximately $25.3 million as of June 30, compared with $9.3 million at the end of 2025. Swarmer raised approximately $8.8 million through its equity line of credit during the quarter and collected an additional $17.9 million subsequent to quarter-end through Aug. 10. Fink said the company had raised more than $26 million through the facility since it was announced.
Partnerships and Platform Integrations
Management highlighted several partnerships intended to expand Swarmer's software reach and data access. Fink said the company's relationship with Oak Grove Technologies has resulted in Swarmer software being integrated on a U.S. platform. He also said Oak Grove's training presence in the special operations community could help increase operator awareness of Swarmer's autonomy capabilities.
Swarmer is working with Lantronix on a compute platform for small unmanned systems. Fink said the company sees an opportunity between lower-end Raspberry Pi systems and higher-end NVIDIA Jetson products, with Swarmer's operating system intended to be built into the proposed platform.
The company also cited its cooperation with Molfar for access to open-source intelligence data and its relationship with Brightline for operational data from unmanned platforms. Fink said the company believes additional data sources can support a “data flywheel” in which deployment data helps improve models and drives further deployments.
Integration Timelines and Strategic Opportunities
During the question-and-answer session, Fink said work had begun and was continuing under Swarmer's memorandum of understanding with Powers to integrate its software into several of that company's platforms. He did not provide a timeline for converting the memorandum into a commercial contract, stating that an announcement would be made if and when the platforms are ready to scale and have buyers.
Integration timelines can range from two to four weeks, including field testing, for platforms similar to systems Swarmer has previously deployed, Fink said. More unusual platforms can take several months. He added that revenue may be delayed even after a technical integration is completed because customers must sell the final product to end users, which are typically government entities.
Fink also said Swarmer is evaluating opportunities to invest in, acquire or help scale complementary defense technologies, though he did not announce any potential transactions. Management said it remains focused on expanding adoption, deepening manufacturer integrations and supporting programs as they progress toward scaled deployment.
About Swarmer (NASDAQ:SWMR)We are launching the future of autonomous warfare through combat-proven software that enables military forces to deploy and coordinate drone swarms at significant scale. While hardware manufacturers compete and as the go-to in an increasingly commoditized market, we seek to establish ourself as a critical software layer operating system for autonomous swarm operations positioning us to capture increased value as the global military drone market experiences growth projected to exceed 12% compound annual growth through 2030.
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].
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in Swarmer Right Now?Before you consider Swarmer, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Swarmer wasn't on the list.
While Swarmer currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2026 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Airbnb dál roste díky silné výsledkové zprávě za 2. čtvrtletí a plánům kolem AI. Tržby meziročně vzrostly o 17 % na 3,6 miliardy USD a volný cash flow stoupl o 30 % na 1,25 miliardy USD.
Shares of Airbnb (ABNB +2.80%) furthered their ascent on Thursday, as investors continue to price in the vacation rental company's strong second-quarter report and artificial intelligence (AI)-powered expansion initiatives.
Image source: Getty Images.
AI-driven gains Airbnb's revenue jumped 17% year over year to $3.6 billion in the second quarter, boosted by higher travel demand for the FIFA World Cup.
Nights and seats booked on its platform increased 10% to 148.3 million, fueling a 16% rise in gross booking value to $27.2 billion.
Today's Change
(
2.80
%) $
5.04
Current Price
$
185.13
CEO Brian Chesky said AI was also helping to drive Airbnb's sales and profits higher. AI is making it easier for hosts to list properties and for guests to find them. It's also enabling Airbnb to roll out new features faster.
"We've rebuilt Airbnb from the ground up to be an AI-native company, and it's showing up in our results," Chesky said in a letter to shareholders.
All told, Airbnb's free cash flow surged 30% to $1.25 billion.
Acquisitions could accelerate Airbnb's growth That robust cash flow provides Airbnb with considerable optionality.
The travel platform is expanding beyond short-term house rentals to include hotel stays, car rentals, grocery deliveries, and other services. All of which offer Airbnb potential acquisition prospects.
"Entrepreneurs would love to be part of Airbnb and to hold stock," Chesky said during a conference call with analysts. "So, I think there's a huge number of opportunities for us."
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Airbnb. The Motley Fool has a disclosure policy.
StoneCo ve 2. čtvrtletí zvýšila TPV o 4 % meziročně a výnosy na BRL 3,6 miliardy, ale uvedla, že vyšší úrokové sazby a tlak na úvěrovém trhu komplikují celoroční cíle. Firma potvrdila výhled pro rok 2026.
2 Digital Payment Platforms That Are Crushing PayPal and SquareStoneCo NASDAQ: STNE reported second-quarter 2026 results marked by accelerating total payment volume growth, expanding banking deposits and a larger credit portfolio, while management said elevated interest rates and credit-market pressure have made its full-year targets more challenging.
Chief Executive Officer Mateus Scherer Schwening said the company made “steady progress” on its priorities, including merchant retention, banking and credit expansion, cost discipline and shareholder returns. Total payment volume, or TPV, grew 4% year over year, an improvement from the first quarter that management said reflects early progress from retention initiatives.
Get StoneCo alerts:
StoneCo Stock May be Basing Like a Rock StoneCo also introduced a new brand positioning, “Stone, the bank for entrepreneurs,” intended to increase awareness of its broader payments, banking and credit offerings. Schwening said many customers continue to view Stone mainly as a payments company, while the company is seeking to deepen relationships through its full financial-services ecosystem.
Financial performance and 2026 outlook Revenue reached BRL 3.6 billion in the quarter, supported by the scaling of the credit business, according to Chief Financial Officer and Investor Relations Officer Diego Ventura Salgado. Adjusted gross profit was broadly unchanged from a year earlier at BRL 1.6 billion, as revenue growth and lower financial expenses were offset by higher loan-loss provisions tied to credit portfolio expansion.
StoneCo Ltd. Stock is in Turnaround Adjusted net income declined slightly year over year, while adjusted earnings per share increased 9%, which Salgado attributed to a lower share count following share repurchases.
For the first half, StoneCo generated BRL 3.1 billion in adjusted gross profit and BRL 4.58 in adjusted basic earnings per share. The company maintained its 2026 guidance of BRL 6.6 billion to BRL 7 billion in adjusted gross profit and BRL 10.80 to BRL 11.40 in adjusted basic EPS.
However, Schwening said the company is focused on reaching the lower end of those ranges because interest rates have remained higher for longer than management expected at the start of the year. Salgado said StoneCo had assumed Brazil’s Selic benchmark rate would end 2026 at 12.5%, compared with a current expectation closer to 14%. He said each 100-basis-point change in the Selic rate has a pretax impact of roughly BRL 200 million to BRL 250 million.
Management expects performance to be weighted toward the second half as credit revenue compounds and commercial retention efforts gain traction.
Retention efforts and payments mix StoneCo’s active client base reached 4.8 million merchants. Management said its efforts to reduce churn have produced faster results among micro merchants, where products and distribution channels are simpler. The company is working to simplify offerings and bundles, align sales-force incentives and reduce operational friction for clients.
For small and medium-sized businesses, the process is more gradual because merchants have a wider range of needs, offerings and channels, Schwening said. He said the company is seeing improvement in both micro-merchant and SMB trends, but cautioned that a broader recovery in retention and TPV would not occur “at the flip of a switch.”
Pix QR-code volumes continued to grow faster than card volumes. Salgado said payment take rates are declining at the margin, primarily due to mix as Pix becomes a larger portion of TPV, as well as certain pricing actions. He said StoneCo evaluates customer economics across the broader relationship rather than on payments or credit as standalone products.
The company also integrated Pagar.me, its historical digital-commerce platform, into Stone. Management said the integration gives merchants a single account and view of online and in-person sales, while potentially improving StoneCo’s ability to cross-sell services and assess credit opportunities.
Credit growth, government programs and risk StoneCo’s credit portfolio reached BRL 3.8 billion, more than double its level a year earlier. Working-capital products were the principal driver, while government-backed loans accounted for roughly BRL 300 million of the portfolio and credit cards represented BRL 400 million.
Retail deposits rose more than 20% year over year to BRL 10.8 billion. Salgado said the growing deposit base has helped reduce funding costs to roughly 85% of CDI, though he expects assets to grow faster than deposits through year-end, which could create pressure on financial expenses.
Credit revenue increased 14%, with a broadly stable yield. Salgado said the growth of government-backed lending reduced average yields because these programs carry lower rates but also lower risk.
Under the FGI Pix program, the government guarantees about 75% of a defaulted amount on average, according to Salgado. This reduces the loss given default and allows StoneCo to hold lower upfront provisions for eligible loans. The company said the programs can help it extend credit to merchants where it was previously less competitive while managing the risk profile of portfolio growth.
Provision expenses totaled BRL 188 million in the quarter, while the cost of risk stood at 21.5%. Management cited rapid portfolio growth, the aging of late-2025 and early-2026 loan vintages, and pressure in its dedicated lending desk. The dedicated desk serves larger clients and has experienced defaults involving some of its largest individual exposures amid a rise in bankruptcy-protection filings in Brazil.
Schwening said the company is responding by shifting more originations toward government-backed products for clients without longstanding relationships or sufficient historical data, and by reducing maximum ticket sizes on the dedicated desk. Management characterized the pressure as mostly macroeconomic rather than fraud-related.
StoneCo said its automated lending desk has shown improvement following second-quarter changes, with first-payment defaults trending down and the June cohort producing its best result in 12 months. The company expects its cost of risk to trend toward the mid- to high-teens over the medium term and to reach the high teens by year-end, though management warned that individual large cases could create quarterly volatility.
Capital returns and issuer-related provision StoneCo’s capital ratio stood at 26% following an extraordinary dividend paid in May from Linx sale proceeds. The company said it returned BRL 4.3 billion to shareholders during the first half through dividends and share repurchases.
During the quarter, StoneCo also recorded a provision related to selected card issuers in distress after a large financial group’s credit-card-issuer subsidiary was liquidated. Salgado said more than 90 days had passed since StoneCo last received cash flows from the issuer, prompting the company to treat the exposure as distressed for accounting purposes.
Management said it expects card networks to ultimately settle the amounts and noted that it has historically collected 100% of such receivables from networks when issuers have failed. Still, Salgado said StoneCo may need to record additional provisions because the current balance reflects weighted-probability scenarios that include the possibility of litigation.
About StoneCo (NASDAQ:STNE)StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.
Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil's retail, restaurant and services sectors.
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].
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in StoneCo Right Now?Before you consider StoneCo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and StoneCo wasn't on the list.
While StoneCo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
T. Rowe Price OHA Select Private Credit Fund za 2. čtvrtletí vykázal čistý investiční výnos 0,61 USD na akcii a oznámil distribuce 0,60 USD na akcii. Čistá hodnota aktiv na akcii klesla na 25,96 USD.
, /PRNewswire/ -- T. Rowe Price OHA Select Private Credit Fund (the "Company" or "OCREDIT") today reported financial results and total distributions of $0.60 per share for the quarter ended June 30, 2026.
As private credit remains a key driver of financing solutions within credit markets, OCREDIT closed the second quarter with the addition of 7 new portfolio companies across a diverse range of industries, representing portfolio net growth of nearly $124.0 million. OCREDIT's $3.1 billion investment portfolio is now comprised of exposure to 144 portfolio companies across 25 unique sectors, and a weighted average portfolio yield at cost of 9.8%3. "The second quarter reinforced our conviction in private credit. We believe stable borrower fundamentals and continued demand for private capital support a compelling opportunity set for investors," said Eric Muller, OCREDIT's Chief Executive Officer.
QUARTERLY HIGHLIGHTS3
Inception-to-date1 annualized total return of 10.58%2;
Net investment income per share was $0.61 with weighted average yield on debt and income producing investments, at amortized cost of 9.8%3, and earnings per share were $0.41;
Distributions declared were $0.60 with an annualized distribution rate of 9.2%;
Net asset value per share as of June 30, 2026 was $25.96;
Gross investment fundings were $176.1 million;
Debt-to-equity as of June 30, 2026 remained consistent with March 31, 2026 at 0.93x;
The Company had total net debt outstanding of $1,522.5 million with a weighted average interest rate of debt of 6.0%.
During the second quarter of 2026, the Company issued 511,070 of Class I common shares for proceeds of $13.3 million, 198,044 of Class S common shares for proceeds of $5.2 million, and 531,599 of Class D common shares for proceeds of $13.9 million. From July 1, 2026 through August 13, 2026, the Company received total proceeds of $14.8 million from common shareholders in connection with its public offering.4
Subsequent to quarter end on July 2, 2026, the Company entered into an Indenture relating to the issuance of $400.0 million in aggregate principal amount of Notes, due July 2, 2031, with a fixed interest rate of 6.50% per year.
DISTRIBUTIONS5
During the second quarter of 2026, the Company declared total distributions of $0.60 per share. As of June 30, 2026, the Company's annualized distribution rate was 9.2%.6
From July 1, 2026 through August 13, 2026, the Company declared the following distribution on July 28, 2026 which is payable on or about August 31, 2026 to common shareholders of record as of July 31, 20266:
($ per share)
July 28, 2026
Base Distribution
$ 0.20
Total Distribution
$ 0.20
SELECTED FINANCIAL HIGHLIGHTS
($ in thousands, unless otherwise noted)
Q2 2026
Q1 2026
Net investment income per share
$ 0.61
$ 0.59
Net investment income
$ 38,339
$ 36,113
Earnings per share
$ 0.41
$ (0.05)
($ in thousands, unless otherwise noted)
As of June 30,
2026
As of March 31,
2026
Total fair value of investments
$ 3,100,822
$ 2,983,663
Total assets
$ 3,209,163
$ 3,152,168
Total net assets
$ 1,641,847
$ 1,638,402
Net asset value per share
$ 25.96
$ 26.15
INVESTMENT ACTIVITY
For the three months ended June 30, 2026, net investment fundings were $124.0 million. The Company invested $176.1 million during the quarter, including $114.7 million in 7 new companies and $61.4 million in existing companies. The Company had $52.1 million of principal repayments and sales during the quarter.
($ in millions, unless otherwise noted)
Q2 2026
Q1 2026
Investment Fundings
$ 176.1
$ 221.0
Sales and Repayments
$ 52.1
$ 94.5
Net Investment Activity
$ 124.0
$ 126.5
As of June 30, 2026, the Company's investment portfolio had a fair value of $3,100.8 million, comprised of investments in 144 portfolio companies operating across 25 different industries. The investment portfolio at fair value was comprised of 90.8% first lien loans, 7.1% second lien loans, 1.4% preferred equity investments, 0.2% common stocks and 0.5% asset backed securities. In addition, as of June 30, 2026, 97.0% of the Company's debt investments based on fair value were at floating rates and 3.0% were at fixed rates. There was one debt investment placed on non-accrual status as of June 30, 2026 with $29.4 million cost and $16.0 million fair value.
FORWARD-LOOKING STATEMENTS
Certain information contained in this communication constitutes "forward-looking statements" within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by the use of forward-looking terminology, such as "outlook," "indicator," "believes," "expects," "potential," "continues," "may," "can," "will," "should," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates", "confident," "conviction," "identified" or the negative versions of these words or other comparable words thereof. These may include financial projections and estimates and their underlying assumptions, statements about plans, objectives and expectations with respect to future operations, statements regarding future performance, statements regarding economic and market trends and statements regarding identified but not yet closed investments. Such forward-looking statements are inherently uncertain and there are or may be important factors that could cause actual outcomes or results to differ materially from those indicated in such statements. OCREDIT believes these factors also include but are not limited to those described under the section entitled "Risk Factors" in its prospectus, and any such updated factors included in its periodic filings with the Securities and Exchange Commission (the "SEC"), which are accessible on the SEC's website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document (or OCREDIT's prospectus and other filings). Except as otherwise required by federal securities laws, OCREDIT undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
ABOUT T. ROWE PRICE OHA SELECT PRIVATE CREDIT FUND
OCREDIT is a non-diversified, closed-end management investment company that has elected to be regulated as a business development company ("BDC") under the Investment Company Act of 1940, as amended. The Company also intends to elect to be treated as a regulated investment company under the Internal Revenue Code of 1986, as amended. OHA Private Credit Advisors LLC (the "Adviser") is the investment adviser of the Company. The Adviser is registered as an investment adviser with the SEC under the Investment Advisers Act of 1940. OCREDIT's registration statement became effective on September 29, 2023. From inception through June 30, 2026, the Company has invested approximately $4.4 billion in aggregate cost of debt investments prior to any subsequent exits or repayments. The Company's investment objective is to generate attractive risk-adjusted returns, predominately in the form of current income, with select investments capturing long-term capital appreciation, while maintaining a strong focus on risk management. OCREDIT invests primarily in directly originated and customized private financing solutions, including loans and other debt securities with a strong focus on senior secured lending to larger companies.
Please visit www.ocreditfund.com for additional information.
ABOUT OAK HILL ADVISORS
Oak Hill Advisors ("OHA") is a leading global credit-focused alternative asset manager with over 30 years of investment experience. OHA works with institutions and individuals and seeks to deliver a consistent track record of attractive risk-adjusted returns. The firm has approximately $112 billion in assets under management ("AUM") as of June 30, 2026 across credit strategies, including private credit, high yield bonds, leveraged loans, private capital solutions and collateralized loan obligations. Additional information on OHA's AUM calculation methodology can be found on the OHA website. OHA's emphasis on long-term partnerships with companies, sponsors and other partners allows for the provision of customized credit solutions across market cycles. With over 400 experienced professionals across seven global offices, OHA brings a collaborative approach to offering investors a single platform to meet their diverse credit needs. OHA is the private markets platform of T. Rowe Price Group, Inc. (NASDAQ – GS: TROW). For more information, please visit www.oakhilladvisors.com.
ABOUT T. ROWE PRICE
T. Rowe Price (NASDAQ-GS: TROW) is a leading global asset management firm, entrusted with managing $1.87 trillion in client assets as of July 31, 2026, about two-thirds of which are retirement-related. Renowned for nearly 90 years of investment excellence, retirement leadership, and independent proprietary research, the firm leverages its longstanding expertise to ask better questions that can drive better investment decisions. Built on a culture of integrity and prioritizing client interests, T. Rowe Price empowers millions of investors worldwide to thrive amid evolving markets. Visit troweprice.com/newsroom for news and public policy commentary.
T. Rowe Price OHA Select Private Credit Fund
Consolidated Statements of Assets and Liabilities
(in thousands, except per share amounts)
As of
As of
June 30, 2026
December 31, 2025
(Unaudited)
ASSETS
Investments at fair value:
Non-controlled/non-affiliated investments (cost of $3,170,452
and $2,905,803 at June 30, 2026 and December 31, 2025,
respectively)
$ 3,100,822
$ 2,893,559
Cash, cash equivalents and restricted cash
65,048
140,859
Subscription receivable
—
950
Interest receivable
23,960
21,267
Deferred financing costs
10,037
12,197
Receivable for investments sold
559
1,476
Derivative assets, at fair value (Note 5)
7,619
10,981
Other assets
1,118
$ —
Total assets
$ 3,209,163
$ 3,081,289
LIABILITIES
Debt (net of unamortized debt issuance costs of $2,004 and
$2,366, at June 30, 2026 and December 31, 2025, respectively)
$ 1,522,471
$ 1,441,856
Payable for investments purchased
248
3,259
Interest and debt fee payable
8,329
9,417
Distribution payable
12,516
13,465
Management fee payable
5,100
4,753
Income incentive fee payable
5,657
5,391
Distribution and/or shareholder servicing fees payable
132
124
Due to counterparty
5,710
10,740
Accrued expenses and other liabilities
6,035
4,038
Derivative liability, at fair value (Note 5)
1,118
—
Total liabilities
$ 1,567,316
$ 1,493,043
Commitments and contingencies (Note 9)
NET ASSETS
Common shares, $0.01 par value (63,250,367 and 59,072,291
shares issued and outstanding at June 30, 2026 and December
31, 2025, respectively)
$ 633
$ 591
Additional paid in capital
1,725,884
1,615,011
Distributable earnings (loss)
(84,670)
(27,356)
Total net assets
$ 1,641,847
$ 1,588,246
Total liabilities and net assets
$ 3,209,163
$ 3,081,289
Net asset value per share
$ 25.96
$ 26.89
See accompanying notes to consolidated financial statements.
sec.gov
T. Rowe Price OHA Select Private Credit Fund
Consolidated Statements of Operations
(in thousands, except per share amounts)
(Unaudited)
For the Three Months Ended
For the Six Months Ended
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Investment income from non-controlled / non-affiliated
investments:
Interest and dividend income
$ 70,453
$ 60,964
$ 137,614
$ 115,071
PIK income
4,670
2,840
9,473
5,058
Other income
2,302
2,985
3,800
4,248
Total investment income
77,425
66,789
150,887
124,377
Expenses:
Interest and debt fee expense
$ 24,394
$ 19,960
$ 47,588
$ 37,926
Management fees
5,100
4,105
10,110
7,888
Income incentive fee
5,657
5,048
10,682
9,192
Distribution and shareholder servicing fees
Class S
268
179
538
305
Class D
126
28
240
30
Professional fees
666
642
1,265
1,106
Board of Trustees fees
98
98
195
195
Administrative service expenses
773
532
1,564
1,045
Other general & administrative expenses
2,428
872
4,677
1,637
Amortization of deferred offering costs
—
61
—
220
Total expenses before fee waivers and expense support
39,510
31,525
76,859
59,544
Expense support
(424)
—
(424)
—
Recoupment of expense support
—
556
—
1,576
Management fees waiver
—
—
—
—
Income incentive fee waiver
—
—
—
—
Total expenses net of fee waivers and expense support
39,086
32,081
76,435
61,120
Net investment income
38,339
34,708
74,452
63,257
Realized and unrealized gain (loss):
Realized gain (loss):
Non-controlled/non-affiliated investments
25
801
526
(1,696)
Foreign currency transactions
(1,103)
1,997
(1,160)
1,680
Foreign currency forward contracts
1,357
(7,101)
4,161
(8,455)
Net realized gain (loss)
279
(4,303)
3,527
(8,471)
Net change in unrealized appreciation (depreciation):
Non-controlled/non-affiliated investments
(14,535)
(5,247)
(57,386)
(15,322)
Foreign currency translation
(22)
161
(147)
167
Foreign currency forward contracts
1,351
(2,313)
1,486
(2,402)
Net change in unrealized appreciation (depreciation)
(13,206)
(7,399)
(56,047)
(17,557)
Net realized and unrealized gain (loss)
(12,927)
(11,702)
(52,520)
(26,028)
Net increase (decrease) in net assets resulting from operations
$ 25,412
$ 23,006
$ 21,932
$ 37,229
See accompanying notes to consolidated financial statements.
sec.gov
For a more detailed description of OCREDIT's investment guidelines and risk factors, please refer to the prospectus. Consider the investment objectives, risks, and charges and expenses carefully before investing or sending money. For a free prospectus containing this and other information, call 1-855-405-6488 or visit www.ocreditfund.com. Read it carefully.
OCREDIT is a BDC, which offers individual investors access to private lending, historically only accessible to institutions and high-net-worth investors. At least 70% of a BDC's investments must be in U.S. private companies with less than $250 million in market capitalization.
OCREDIT is a non-exchange traded BDC that expects to invest at least 80% of its total assets (net assets plus borrowings for investment purposes) in private credit investments. An investment in OCREDIT involves a high degree of risk. An investor should purchase securities of OCREDIT only if they can afford the complete loss of the investment.
Neither the SEC nor any state securities regulator has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Securities regulators have also not passed upon whether this offering can be sold in compliance with existing or future suitability or Regulation Best Interest standard to any or all purchasers.
For OCREDIT's full historical performance figures, please visit https://www.troweprice.com/en/us/ocredit/performance for more information.
As of June 30, 2026, OCREDIT is available in 54 states and territories.
As of June 30, 2026, OCREDIT is not registered for offer or sale outside of the United States.
BDCs may charge management fees, incentive fees, as well as other fees associated with servicing loans. These fees will detract from the total return.
OCREDIT may in certain circumstances invest in companies experiencing distress increasing the risk of default or failure. OCREDIT is not listed on an exchange which heightens liquidity risk for an investor. OCREDIT has limited prior operating history and there is no assurance that it will achieve its investment objectives. The Company's public offering is a "blind pool" offering and thus investors will not have the opportunity to evaluate the Company's investments before they are made. Investors should not expect to be able to sell shares regardless of performance and should consider that they may not have access to the money invested for an extended period of time and may be unable to reduce their exposure in a market downturn.
OCREDIT employs leverage, which increases the volatility of OCREDIT's investments and will magnify the potential for loss. Fixed-income securities are subject to credit risk, call risk, and interest rate risk. As interest rates rise, bond prices fall. Investments in high-yield bonds involve greater risk than higher rated bonds. International investments can be riskier than U.S. investments and subject to foreign exchange risk. These risks are magnified in emerging markets.
OCREDIT is "non-diversified," meaning it may invest a greater portion of its assets in a single company. OCREDIT's share price can be expected to fluctuate more than that of a comparable diversified fund. OCREDIT may invest in derivatives, which may be riskier or more volatile than other types of investments because they are generally more sensitive to changes in market or economic conditions.
Account opening and closing fees may apply depending on the amount invested and the timing of the account closure. There may be costs associated with the investments in the account such as periodic management fees, incentive fees, loads, other expenses or brokerage commissions. Fees for optional services may also apply.
Opinions and estimates offered herein constitute the judgment of OHA as of the date this document is provided to an investor and are subject to change as are statements about market trends. All opinions and estimates are based on assumptions, all of which are difficult to predict and many of which are beyond the control of OHA. In preparing this document, OHA has relied upon and assumed, without independent verification, the accuracy and completeness of all information. OHA believes that the information provided herein is reliable; however, it does not warrant its accuracy or completeness. Certain information contained in the press release discusses general market activity, industry or sector trends, or other broad-based economic, market or political conditions and should not be construed as research or investment advice.
Diversification cannot assure a profit or protect against loss in a declining market. Potential investors are urged to consult a tax professional regarding the possible economic, tax, legal, or other consequences of investing in OCREDIT in light of their particular circumstances.
In the United States, the Company's securities are offered through T. Rowe Price Investment Services Inc., a broker-dealer registered with the SEC and a member of FINRA. OHA is a T. Rowe Price company.
2 Annualized total return based on net asset value calculated as the change in net asset value per share during the respective period, assuming distributions that have been declared are reinvested on the effects of the performance of the Company during the period. Past performance is no guarantee of future results.
3 Computed as (a) the annual stated interest rate or yield plus the annual accretion of discounts or less the annual amortization of premiums, as applicable, on income producing securities, divided by (b) the total relevant investments at amortized cost or fair value, as applicable.
4 Does not include common shares sold through the Company's distribution reinvestment plan.
5 Future distribution payments are not guaranteed. The Company may pay distributions from the sale of assets, offering proceeds, or borrowings.
6 Performance and share activity shown is indicative of Class I only, unless otherwise indicated.
Gemini zvýšila firemní bitcoinovou pokladnu na 5 528 BTC v hodnotě zhruba 324 mil. USD. Asi 80 % pozice financovala půjčkami od bratří Winklevossových.
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has built up a corporate Bitcoin treasury totaling 5,528 BTC. At current market prices, that stash is worth roughly $324M, placing Gemini among a growing cohort of crypto-native firms treating Bitcoin as a balance sheet asset rather than just a product to sell.
Approximately 80% of that Bitcoin position was financed through borrowing from the Winklevoss twins themselves. In other words, the founders are lending Bitcoin to their own company to beef up its treasury.
How the numbers stack up
Activity from Winklevoss Capital, the twins’ personal investment vehicle, appears to support this buildup. In April 2026, roughly 572 BTC worth approximately $43M was transferred to Gemini custody addresses. That suggests the treasury expansion isn’t a one-time event but an ongoing, actively managed process.
Advertisement
Meanwhile, Gemini Space Station, a publicly associated entity tied to the exchange, holds between 3,839 and 4,827 BTC with valuations ranging from $240M to $306M. Together, the Gemini-affiliated ecosystem’s total Bitcoin exposure could be substantially north of $500M depending on how these entities overlap.
The gap between the Space Station’s reported range and the 5,528 figure attributed to Gemini’s broader treasury raises questions about which entity holds what, and whether these positions are additive or partially overlapping.
The founder-lending dynamic
Cameron and Tyler Winklevoss are simultaneously Gemini’s controlling shareholders, its most visible public advocates, and now its largest creditors on the Bitcoin side. The arrangement means that if the twins ever called those loans back, or if market conditions forced a restructuring, the exchange’s treasury position could change dramatically overnight.
Why exchanges are hoarding Bitcoin
Gemini has had its share of turbulence in recent years. The exchange navigated the fallout from its Gemini Earn program and regulatory scrutiny from multiple agencies.
Precise details regarding the reported 5,528 BTC figure and the specifics of the Winklevoss lending arrangement have not been extensively covered in prominent financial media outlets, raising questions about transparency and market communication.
Traders watching this space should pay attention to future on-chain transfers between Winklevoss Capital and Gemini custody addresses. The April transfers suggest more accumulation could be coming.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Veřejně obchodované těžební firmy v roce 2026 prodaly asi 28 000 BTC za zhruba 1,78 miliardy USD, protože rostoucí náklady tlačí část odvětví do ztráty. Jejich rezervy klesly z 127 000 BTC na zhruba 99 000 BTC.
Bitcoin miners are selling. Fast. Publicly traded mining companies have offloaded approximately 28,000 BTC in 2026, a liquidation worth around $1.78 billion at current prices, as the gap between what it costs to produce a coin and what the market will pay for it keeps widening.
Their collective reserves have fallen from 127,000 BTC at the start of the year to roughly 99,000 BTC, a drawdown of about 22% in just a few months.
The cost problem is the whole problem Average production costs for publicly traded miners sit at approximately $74,300 per BTC. With Bitcoin’s price down 27% year-to-date in 2026, a meaningful slice of the industry is running at a loss on every coin it produces. Around 20% of miners are estimated to be operating in the red under current conditions.
Advertisement
The companies driving the bulk of the sales include some of the sector’s biggest names: MARA Holdings, CleanSpark, Riot Platforms, Cango, Core Scientific, and Bitdeer.
Mining difficulty has dropped roughly 18% since its November 2025 peak, which marks the longest sustained difficulty decline on record. In plain terms: the network has gotten easier to mine because weaker operators are shutting off machines and leaving.
Miners are not the only sellers, but they are consistent ones To put the miner liquidation in context, it is not the largest source of selling pressure on Bitcoin this year. ETF outflows have exceeded $4.4 billion over the same period, dwarfing the $1.78 billion in miner sales by a factor of roughly 2.5.
The AI pivot is reshaping the mining business Many mining companies are not just selling Bitcoin to survive. They are selling it to fund a transition toward artificial intelligence and high-performance computing data center operations.
Mining rigs and AI compute infrastructure share a common dependency: cheap power and purpose-built facilities. Companies that have already built out large-scale data center footprints are finding that renting that capacity to AI workloads can be more predictable and more profitable than mining Bitcoin at a loss.
A company like Core Scientific is increasingly less a Bitcoin miner and more a data center operator that happens to mine some Bitcoin on the side. The BTC sales fund that transformation.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The XRP Ledger's decentralized exchange is seeing a pickup in activity. Weekly DEX volume climbed 45% to $19.89 million, while daily transactions approached 3 million in the latest 24-hour window, with 48,403 active addresses recorded on the network.
Onchain Trading Still a Fraction of Total Volume Despite the uptick, XRPL's onchain trading remains a small slice of its overall market footprint. DEX activity accounts for roughly 0.04% of total $XRP volume when measured against centralized venues, underscoring how dominant exchange-based trading continues to be for the asset.
DeFi total value locked (TVL) on the ledger sits at $29.97 million, according to DefiLlama data. That figure is down sharply from a peak of nearly $120 million reached in July 2025, reflecting a broader pullback in locked liquidity even as transaction counts hold near multi-month highs.
Stablecoin Supply Nears $920 Million, RLUSD Dominant One area where XRPL continues to show structural growth is stablecoins. The chain's total stablecoin supply stands at $920 million, with Ripple's RLUSD accounting for 88% of that figure. DefiLlama data shows RLUSD dominance on XRPL at 88.39%, with the chain's stablecoin market cap near $925 million. The stablecoin's rapid rise tracks a broader expansion: supply on the XRP Ledger more than doubled since December 2025, reaching $568 million as of March before continuing higher.
The fee picture illustrates just how low-cost the network remains. Those 2.96 million daily transactions generated only $333 in chain fees over the same period, with app-level fees reaching $26,874, per DefiLlama. XRPL supports native tokenization through built-in ledger objects and includes a built-in decentralized exchange that automatically provides order-book-based liquidity for issued tokens. That low-cost design has helped the ledger attract stablecoin issuers and institutional settlement flows, even as DeFi TVL has yet to recover to prior highs.
The gap between XRPL's stablecoin footprint and its DeFi TVL points to a network where capital sits largely in transit or custody rather than deployed into lending or liquidity pools. Whether rising DEX volume and transaction counts can close that gap remains a key question for the ledger's onchain economy.
Sources
DefiLlama: XRPL Chain Overview (TVL, Fees, Stablecoins)
Bitcoin Foundation: 5 Major XRPL Changes in 2026
XRP Ledger přidal za poslední tři měsíce 32 nových milionářských adres, i když cena XRP ve stejném období klesla o 29 %. Síť zároveň zvýšila počet transakcí o 33 %.
XRP Ledger has added 32 new millionaire addresses in the past three months, according to data from blockchain analytics firm Santiment, defying the prevailing negative sentiment in the wider market.
XRP price and network activityDespite a 29% decline in XRP’s price during the same period, the number of high-value holders continues to climb. Santiment also indicated that XRP’s price recently hit its lowest level since 2024, testing a significant demand zone at $1.
Activity on the XRP Ledger has also surged, with a 33% increase in transaction count. On August 11, 2026, the network recorded its highest daily activity in six months, processing approximately 35,700 transactions per day, a sharp rise compared to July’s daily average of around 26,400.
While the price of XRP fell 29%, network activity on XRP Ledger jumped 33% in three months, hitting its busiest day in half a year on August 11, 2026.
However, this increase in transactions appears to stem primarily from existing XRP holders rather than new wallet creation. The data suggests that current investors are becoming more active, signaling ongoing engagement and possibly a shift toward a long-term holding strategy.
Trading volumes and market sentimentOn the technical front, XRP has remained within a falling wedge pattern between $1 and $3, typically suggesting a potential for future volatility. Analysts continue to watch closely to determine whether XRP will break upward or downward from this formation. Spot trading volumes remain relatively muted, with XRP posting $858 million in volume over a recent 24-hour period, according to CoinGecko.
Futures market activity paints a more dynamic picture. Leveraged traders drove $1.49 billion in 24-hour trading volume, heavily skewed toward long positions. However, the majority of liquidations affected bullish bets, with $1.77 million from a total of $1.85 million wiped out on the long side. The long-to-short ratio across the market now stands at 0.92, indicating more traders are wagering against a price increase.
MarketLong/Short Ratio24h Futures VolumeDaily Liquidations (Longs)Global0.92$1.49 billion$1.77 millionBinance3.0225N/AN/AIn contrast, Binance, one of the world’s leading cryptocurrency exchanges, recorded a significantly higher long-to-short ratio on XRP at 3.0225, suggesting greater bullish sentiment among its users. CoinGlass, a platform specializing in derivatives market data, provided these figures, indicating varying sentiment across exchanges.
Santiment’s report links the growth in high-value wallets to possible optimism over ongoing regulatory developments and potential for broader XRP adoption.
Ripple, the US-based technology company behind XRP, continues to support legislative initiatives such as the CLARITY Act. The bill is expected for consideration in mid-September and could deliver clearer regulatory guidance for digital asset markets.
Mini dictionary: CLARITY Act, a proposed US legislative bill aimed at clarifying the regulatory status of digital assets and offering a standardized framework for crypto market participants.
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.
Disclaimer: In compliance with MiCA requirements, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here. This is a general announcement and marketing communication. Products and services referred to here may not be available in your region.
Fellow Binancians,
From 2026-08-14 00:00 (UTC), Binance will launch an airdrop campaign rewarding all eligible users who hold Ripple USD (RLUSD) on our platform. Eligible users will share rewards from a grand prize pool of 1 million XRP tokens.
XRP will be distributed as weekly rewards to RLUSD holders every Friday.
Campaign Period: 2026-08-14 00:00 (UTC) - 2026-09-11 00:00 (UTC)
How to Participate:
Eligible users must hold RLUSD in balance (net assets), in any of the following account categories on Binance:
Earn Account (RLUSD in Flexible Savings);Margin Account (RLUSD in Cross Margin, Isolated Margin, or Portfolio Margin);
Eligible users will have to maintain at least 0.01 RLUSD in their Earn or Margin Accounts, and an average daily Margin or Futures trading volume of at least $500 on any trading pairs to qualify for rewards during the Reward Period.
Qualifying Trading Volume: $500 in Margin or Futures trading volume can be in any tokens, as long as users are using RLUSD as collateral.
RLUSD acquired by borrowing the other stablecoins will receive a haircut of 60%, after accounting for liabilities in Margin Accounts from other stablecoins, including USDT, USDC, U, USD1, and FDUSD.
Campaign Details:
Prize Pool: 1 million XRP tokens will be distributed over 4 weekly installments. Distribution: Rewards will be airdropped directly to eligible users’ Spot Accounts of their Binance master accounts. Distribution Frequency: Weekly airdrops during the Campaign Period.
Reward Distribution:
Rewards start accruing from 2026-08-14 00:00 (UTC). Weekly rewards will be distributed by 18:00 (UTC) every Friday in XRP tokens. Distribution records can be found in Distribution history.
The Weekly Reward Amount will be roughly calculated as follows:
Qualifying Balance of each day = the lowest RLUSD balance recorded across all hourly snapshots for that day.Weekly Rewards = (7-day average of the Qualifying Balance * Effective APR on the distribution day * 7) / 365
After each weekly distribution, the effective APR for that period will be updated in this announcement. In determining the effective APR on the distribution day, Binance will take into account a number of factors, including, without limitation:
Lowest balance of the snapshots each day;The daily aggregated amount of Qualifying Balances across all eligible holders of RLUSD;7-day average across all eligible holders of RLUSD
For RLUSD acquired through borrowing other stablecoins:
Eligible balance in Margin Account = RLUSD Balance Before Leverage + Leveraged Amount * (1 - 60%):
RLUSD Balance before Leverage = MAX [RLUSD Balance in Margin Account - Margin Account Liabilities of the Other Stablecoins, 0] Leveraged Amount = RLUSD Balance in Margin Account - MAX [RLUSD Balance in Margin Account - Margin Account Liabilities of the Other Stablecoins, 0]
Note: ”Other Stablecoins” include USDT, USDC, U, USD1, FDUSD.
PeriodEffective APRXRP Token Value1st Distribution on 2026-08-21Reward Period: 2026-08-14 00:00 (UTC) to 2026-08-21 00:00 (UTC)To be updated on 2026-08-21To be updated on 2026-08-212nd Distribution on 2026-08-28Reward Period: 2026-08-21 00:00 (UTC) to 2026-08-28 00:00 (UTC)To be updated on 2026-08-28To be updated on 2026-08-283rd Distribution on 2026-09-04Reward Period: 2026-08-28 00:00 (UTC) to 2026-09-04 00:00 (UTC)To be updated on 2026-09-04To be updated on 2026-09-044th Distribution on 2026-09-11Reward Period: 2026-09-04 00:00 (UTC) to 2026-09-11 00:00 (UTC)To be updated on 2026-09-11To be updated on 2026-09-11
Case examples:
User A holds 10,000 RLUSD as collateral in Margin throughout week 1, trades a total of $7,000 qualifying trading volume in Margin throughout week 1. Effective APR is 20%, User A's rewards due to be received at the end of week 1 will be as follows:$7,000 / 7 = $1,000 > $500, qualify for rewards. (10,000 * 20% * 7) / 365 = 38.35 USD worth of XRPUser B borrowed 5,000 RLUSD from VIP loan or Margin, which is treated as a “liability”. Among this borrowed 5,000 RLUSD, 4,000 RLUSD was used as collateral in Margin, the remaining 1,000 RLUSD was held in their EARN Account in week 1. The effective APR is 20%, User B’s rewards due to be received at the end of week 1 will be as follows:Qualifying Balance = 0 [(0 * 20% * 7) / 365] = 0 USD worth of XRPUser C traded a total of $7,000 qualifying trading volume in Margin throughout week 1. The user had 1,000 RLUSD in the Margin Account and used it as collateral to borrow 4,000 USDT through Margin (“Liabilities of the other Stablecoins”), then converted this 4,000 USDT to RLUSD. The user therefore holds 5,000 RLUSD in the Margin Account (“RLUSD Balance”) during week 1. The effective APR is 20%, User C’s rewards due to be received at the end of week 1 will be as follows:$7,000 / 7 = $1,000 > $500, qualify for rewards. Qualifying Balance = MAX [5,000 - 4,000, 0] + {5,000 - MAX[5,000 - 4,000, 0] } * (1 - 60%) = 1,000 + (5,000 - 1,000) * (1 - 60%) = 2,600(2,600 * 20% * 7) / 365 = 9.97 USD worth of XRP
Important Notes:
Users may not be eligible for rewards if there are active restrictions on their accounts.Sub-account trading volume and balances are aggregated at the Master Account level for calculation, and rewards are distributed only to the Master Account. For Broker accounts, the rewards will be distributed to virtual sub-accounts. Users’ RLUSD Qualifying Balance will be calculated as net assets (assets minus liabilities). RLUSD as liabilities (e.g., borrowed from VIP loans, Margin loan, etc) will be excluded from the Qualifying Balance for this campaign. Snapshots of user balances and total qualifying balances will be taken at any time during each hour to get users’ hourly balances in the above mentioned account categories. The lowest RLUSD balance captured during those snapshots on each day will constitute their Qualifying Balance and be used to calculate their rewardsFor example, a user’s lowest RLUSD balance captured on day 1 is zero, then their qualifying balance for that day is zero. At any snapshot time, any one of users’ supported assets must be greater than 0.01 RLUSD to be included in the calculation.Users are recommended to maintain their RLUSD holding throughout the Campaign Period to maximize their rewards. Qualifying Trading Volume is rounded up to the nearest whole number. If all of a user’s qualifying trading volume is recorded under a sub-account, and that sub-account is deleted on a given day, then the user’s qualifying trading volume for that day will be treated as zero.Rewards distributed are rounded down to 2 decimal places. Kindly note that the distribution time is not guaranteed and may change from time to time.There is no individual cap on rewards. Users’ rewards depend on their qualifying balance relative to the total qualifying balance of all eligible users and other factors.Stay tuned for weekly reward distributions and updates on the Campaign.
Terms and Conditions:
Users may not be eligible for rewards if there are active restrictions on their accounts.XRP token value for airdrop distribution will be based on the official Binance market closing price on the day before the airdrop distribution date.Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly balances in the abovementioned account categories. The lowest RLUSD balance captured during those snapshots on each day will constitute the user’s Qualifying Balance and be used to calculate their rewards.At any snapshot time, a user's balance must be greater than 0.01 RLUSD to be included in the calculation.Broker accounts are eligible for this campaign. Binance reserves the right to periodically update the rules to accommodate changes in legal, regulatory, or other factors.Users must complete account verification (KYC) and also be from an eligible jurisdiction to participate in the campaign. Currently, users residing in the following countries or regions will not be able to participate in the RLUSD campaign (notwithstanding that they may hold RLUSD): Åland Islands (Finland), Austria, Belgium, Bulgaria, Canada, Crimea (Ukraine – disputed territory), Croatia, Cyprus, Czech Republic, Denmark, Democratic People’s Republic of Korea, Donetsk People’s Republic, Estonia, Faroe Islands, Finland, France, French Guiana, Germany, Gibraltar, Greece, Guadeloupe, Guernsey, Hungary, Iceland, Ireland, Isle of Man, Islamic Republic of Iran, Italy, Japan, Latvia, Liechtenstein, Lithuania, Luhansk People’s Republic, Luxembourg, Malta, Martinique, Mayotte, Netherlands, Norway, Poland, Portugal, Republic of Cuba, Réunion, Romania, Russian Federation, Saint Martin (French part), Slovakia, Slovenia, Spain, Sweden, United Kingdom, United States of America and its territories.Please note that the list of excluded countries provided here is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments.Binance reserves the right to suspend any user's Margin borrowing at any time, without prior notice, in its sole discretion, if any abnormal or suspicious activity is detected.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2026-08-14
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
Find us on
TelegramWhatsAppXFacebookInstagramDiscord
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. The APR is calculated weekly, and is expressed as an annualised percentage yield for illustrative purposes only. Each APR is not indicative of future results. The APR is likely to fluctuate week-to-week and the estimated rewards may differ from the actual rewards generated. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use, and our Risk Warning. To learn more about how to protect yourself, visit our Responsible Trading page.
Norský státní fond Government Pension Fund Global odhalil podíl 6 151 062 akcií v BitMine Immersion Technologies v hodnotě 81,87 milionu USD. Tím získává nepřímou expozici vůči Ethereu přes firmu, která drží asi 5,8 milionu ETH.
The world’s largest sovereign wealth fund just quietly bought its way into one of the most aggressive Ethereum accumulation plays on public markets. Norway’s Government Pension Fund Global disclosed a 6,151,062-share position in BitMine Immersion Technologies, valued at $81.87 million, according to a Norges Bank holdings filing for the quarter ended June 30.
The stake gives Norway’s $1.7 trillion fund indirect exposure to Ethereum through BMNR, a company that has pivoted from Bitcoin mining to hoarding ETH like it’s going out of style. As of early August, BitMine held approximately 5.8 million ETH, representing roughly 4.8% of Ethereum’s total circulating supply.
From Bitcoin miner to Ethereum whale BitMine’s transformation has been swift and deliberate. The company launched its ETH treasury strategy on June 30, 2025, raising $250 million in a private placement to fund the pivot. That same day, Thomas Lee was appointed chairman, marking a clean break from the firm’s legacy mining operations.
The playbook borrows heavily from MicroStrategy’s Bitcoin treasury model, but applies it to Ethereum with one crucial twist: staking. Of BitMine’s 5.8 million ETH holdings, more than 5 million are currently staked, generating yield that the company projects will produce hundreds of millions in annual revenue.
Advertisement
BitMine has been winding down its self-mining operations while maintaining some ancillary Bitcoin holdings. The company now focuses on ETH per share as its primary performance metric, a framework that makes it easier for traditional investors to evaluate the stock as a leveraged bet on Ethereum’s price.
The target is ambitious. BitMine wants to hold 5% of Ethereum’s circulating supply, and at 4.8%, it’s nearly there.
Why Norges Bank’s position matters Norges Bank hasn’t publicly commented on its strategic rationale for the BMNR stake, which is typical for the fund. Norway’s wealth fund holds thousands of positions across global equity markets, and individual holdings don’t necessarily reflect targeted conviction bets. The fund’s mandate is broad diversification across public equities, fixed income, and real estate.
Norway’s fund has previous form with crypto-adjacent investments. It has held positions in companies like Coinbase, MicroStrategy, and various Bitcoin mining firms through its broad equity portfolio. But a stake in a company whose explicit corporate strategy is to accumulate and stake as much ETH as possible represents a different category of exposure.
The distinction matters because staking introduces yield dynamics that don’t exist in Bitcoin treasury plays. When MicroStrategy holds Bitcoin, it sits there. When BitMine stakes Ethereum, it earns protocol rewards. That transforms the investment thesis from pure price appreciation to something closer to a yield-bearing digital asset strategy, wrapped in a public equity shell.
Institutional validation and market implications For Ethereum’s market dynamics, having a single entity control nearly 5% of circulating supply creates interesting pressure. That volume of ETH locked in staking reduces available supply on exchanges, which can amplify price movements in either direction.
When the world’s largest sovereign wealth fund shows up in the shareholder registry of an ETH accumulation vehicle, it lowers the perceived career risk for portfolio managers at pension funds, endowments, and family offices considering similar exposure. The logic is straightforward: if Norway’s fund can hold it, the compliance conversation gets easier for everyone else.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tether oznámil dokončení prvního nezávislého auditu rezerv USDT od KPMG U.S. Firma uvedla, že KPMG fyzicky ověřila i zlaté cihly v rezervách. USDT má tržní kapitalizaci přes 183 miliard USD.
Tether, the issuer of the world’s largest stablecoin USDT, has announced the completion of its first independent audit of reserves, conducted by KPMG U.S. The El Salvador-based company described the review as the most extensive inaugural financial audit in history.
KPMG signs off on Tether’s reservesFor years, Tether faced criticism for a lack of transparency regarding its reserve holdings. Industry observers regularly questioned the absence of an independent, thorough audit conducted by one of the Big Four accounting firms.
According to Tether, KPMG performed a detailed review, including the physical verification of each gold bar held in its reserves. The audit included independent substantive testing and verification of all assets and statements, rather than relying solely on reports from external custodians or counterparties.
Tether stated that this process involved KPMG physically counting and inspecting each gold bar to confirm its existence and identifying features.
CEO Paolo Ardoino addressed the doubts surrounding the review, stating that detractors have long claimed an audit of Tether could not be completed and accused the company of avoiding rigorous scrutiny. “We have once again proven them wrong. Completing our financial statement audit sets a new standard for the industry and reflects the leadership we’ve brought to this market from the start,” Ardoino said.
“They said the Company refused to subject itself to the most rigorous scrutiny. We have once again proven them wrong. Completing our financial statement audit sets a new standard for the industry and reflects the leadership we’ve brought to this market from the start.”
Tether did not refer specifically to its sizeable Bitcoin reserves within the audit statement and did not immediately respond to external inquiries on this point.
Mini dictionary: KPMG, one of the “Big Four” accounting firms, provides audit, tax, and advisory services for major corporations and financial institutions worldwide, and an independent reserve audit by such a firm is considered a significant benchmark of transparency in the financial sector.
Breakdown of Tether’s reservesTether, established as a leading stablecoin issuer, holds a diversified reserve portfolio that includes gold, U.S. Treasuries, and substantial holdings of Bitcoin. Recent years have seen the company increase its gold acquisitions and amass nearly $60 billion in Bitcoin, according to Arkham Intelligence.
With its USDT stablecoin, Tether has reached a market capitalization of over $183 billion, making it the world’s third largest cryptocurrency by market value.
AssetDetailsGoldPhysically inspected and verified by KPMGBitcoinNearly $60 billion held in reserves (Arkham Intelligence)US TreasuriesHoldings exceed reserves of some countriesArdoino further highlighted Tether’s evolution, emphasizing that the firm has grown from a disruptive stablecoin issuer into one of the most significant private financial companies globally. He commented, “This audit demonstrates that our financial infrastructure and governance have evolved alongside that responsibility.”
“This audit demonstrates that our financial infrastructure and governance have evolved alongside that responsibility.”
The completion of the audit marks a milestone for Tether and the broader stablecoin sector, addressing longstanding calls for transparency and independent validation of reserves.
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.
Savers Value Village oznámila sekundární nabídku akcií za 10,25 USD za kus, což stlačilo sentiment investorů. Akcie byly ve čtvrtek večer za týden o více než 11 % níže.
The stock of thrift store chain operator Savers Value Village (SVV +1.12%) has landed in the discount bin.
The retailer announced a secondary stock issue at a relatively bargain price, which dampened investor sentiment on the company. Its stock was down by more than 11% week to date as of Thursday evening, according to data compiled by S&P Global Market Intelligence.
Reduction of the majority stake Savers initially announced the sale after market close on Monday. It wrote that affiliates of the company's majority stockholder, alternative investment company Ares Management, were unloading 15 million shares of its common stock for $10.25 apiece in a public offering.
Image source: Getty Images.
The sale was soon upsized to 20 million shares, with the issue's underwriters granted an option to collectively sell an additional 3 million.
Savers stressed that it would earn no proceeds from the sale, as it wasn't part of the selling syndicate. In fact, it bought just over 1 million shares from the underwriters' allotment.
Neither Savers nor Ares provided a reason for the latter's share divestment. It won't change Ares' ownership position, as the company will continue to hold a majority after the offering is completed.
Today's Change
(
1.12
%) $
0.12
Current Price
$
10.83
Exit velocity I feel Ares is doing what companies like it always try to do -- exiting an investment at an opportune and suitable time. The company first bought into Savers in 2019, and it's likely time to produce some financial returns from this. I doubt this is a panic sale.
That $10.25-per-share price was well below the $12.29 level at which the stock closed just before the announcement of the issue. Also, the sale of 23 million shares at once had quite an impact, given that the total shares outstanding tally was a bit over 154 million.
Since Ares likely isn't making a desperation move here, I'd consider this as an opportunity to -- appropriately -- own Savers stock at a discount. The company increased its net sales by over 7% in its recently reported second quarter and its headline net income by 14%, so its fundamentals look rather healthy.
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Savers Value Village. The Motley Fool has a disclosure policy.
JFrog Stock Gets Punished for Solid Results: Buy the DipJFrog NASDAQ: FROG said its latest quarterly results reflected continued growth in cloud usage, security adoption and enterprise spending, with management highlighting the company’s role in handling the growing volume of software artifacts generated by artificial intelligence-driven development.
At the Canaccord Genuity Growth Conference, Chief Financial Officer Ed Grabscheid said JFrog delivered 29% top-line growth during the quarter, while cloud revenue rose 53%. He attributed the performance to security demand, customers exceeding minimum cloud commitments and expansions into higher annual commitments.
Get JFrog alerts:
JFrog leaps on EPS beat and raised guidance“Security continues to be a significant growth driver for the company,” Grabscheid said, adding that the company also saw strong cloud-product usage across its portfolio. He said the company had expected the operational trends, though investors and analysts may have been more surprised by the strength of the results.
AI Development Drives More Artifacts
Management repeatedly pointed to the effect of AI coding tools and agents on software development volumes. Grabscheid said organizations are increasingly operating as “software factories” that move at the speed of machines, resulting in more code creation and, consequently, more binaries and other artifacts.
2 Tech stocks getting bullish upgrades ahead of Q1JFrog views its Artifactory product as a system of record not only for software binaries but also for large language models, model context protocol, or MCP, connections and agent skills registries, according to Vice President of Investor Relations Jeff Schreiner.
Schreiner said customers have begun looking to host agent skills and MCP connections in Artifactory. He also noted that AI models can create different storage dynamics because earlier model versions may need to be retained rather than deleted.
“The models are becoming first-class binaries because they’re, in fact, the largest form of a binary,” Schreiner said.
The company has introduced integrations with Claude Code and Cursor, which Schreiner said are intended to let customers integrate JFrog’s tools with their preferred coding agents. Through native integrations, customers can use JFrog Curation to scan packages that agents may pull during software builds, including packages from repositories such as PyPI, Go and npm.
Cloud Consumption and Commitments
Grabscheid said cloud usage trends have changed materially over the past three quarters, with customers consuming above their minimum commitments. He said the elevated usage level seen in the first quarter remained consistent in the second quarter and extended broadly across the product portfolio.
According to Grabscheid, reduced friction between developers and budget holders, along with shifting technology budgets to support AI spending, has helped support consumption. JFrog’s model allows customers to use more than their contracted minimums at an overage rate, which the company recognizes as revenue.
Management said its sales team is working to convert elevated usage into higher annual commitments, but does not intend to force customers to make such changes before their budgeting and renewal processes support them. Grabscheid said JFrog expects customers to recommit at higher levels as organizations plan for 2027, potentially improving revenue durability and predictability.
Security Adoption Gains Momentum
Security has shifted from an attached product to a leading component of JFrog’s customer discussions, executives said. Grabscheid said security was included in 80% of the company’s $1 million customer cohort wins during the quarter, while 40% of new customers landed with security.
He said buyer conversations increasingly begin with security rather than Artifactory, as customers focus on protecting software supply chains. JFrog’s security offerings include Curation, which manages what packages or models are permitted to enter an organization, and Advanced Security, which is integrated with Artifactory.
Grabscheid said Curation is particularly important because it operates outside an organization’s firewall and can apply centralized policies to open-source packages and models. Schreiner said JFrog believes its native integration and scalability differentiate it from point-solution competitors.
Security contributed to 80% of the company’s $1 million cohort wins, management said.
Forty percent of new customers adopted security products.
Management said Curation is a primary asset in new security customer wins.
OpenAI Relationship and Profitability Approach
JFrog disclosed that OpenAI is a customer after previously being unable to identify the company publicly. Grabscheid said OpenAI used a self-hosted JFrog environment in connection with a reported sandbox incident involving Hugging Face and an Artifactory zero-day vulnerability. He said JFrog and OpenAI worked to remediate, patch and distribute an update.
Grabscheid said the episode highlighted a difference between self-hosted and cloud deployments: cloud customers receive updates immediately, while self-hosted customers may take days to apply remediation. He said the situation could help revive cloud-migration discussions as customers assess their AI deployment strategies.
Management also emphasized its effort to balance growth and profitability. The operator cited high-20% growth and a 33% free-cash-flow margin for the quarter. Grabscheid said JFrog’s philosophy has been to maintain a balance between growth and profitability, though the company would consider giving up a point of margin to accelerate growth.
On guidance, Grabscheid said JFrog has sought to account conservatively for variability from large enterprise deals and cloud usage above minimum commitments. He said the company’s cloud guidance represented a 34% to 42% range at the midpoint, while its net dollar retention rate floor was increased to 120%.
About JFrog (NASDAQ:FROG)JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company's platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.
Among JFrog's flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.
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].
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in JFrog Right Now?Before you consider JFrog, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JFrog wasn't on the list.
While JFrog currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.
Kain Warwick ze Synthetix označil 50% podíl Hyperliquidu z poplatků pro externí tvůrce trhu za neudržitelný. Upozornil, že klesající tržby i buybacky HYPE ukazují, proč se to podle něj změní.
On Uneasy Money, the Infinex and Synthetix founder called Hyperliquid’s decision to hand outside market builders half of all trading fees “a bit crazy,” and argued that falling revenue and shrinking HYPE buybacks show why it will have to change.
Original Image Credits: ddRender / Shutterstock.com
Posted August 13, 2026 at 6:46 pm EST.
Hyperliquid lets outsiders spin up their own trading markets and keep half the fees they generate. On the August 12 episode of Unchained’s Uneasy Money, Kain Warwick, the founder of Infinex and Synthetix, argued that the arrangement cannot hold, and that the exchange will be forced to claw back the cut it now shares with those builders.
Hyperliquid’s HIP-3 system lets anyone stake 500,000 HYPE, worth about $28 million at current prices, to deploy a permissionless perpetual-futures market and keep up to half of the trading fees it generates. Those builder-run markets, most of them tokenized real-world assets such as stocks and commodities, have grown from roughly 2% of Hyperliquid’s volume at the start of 2026 to about half today, DefiLlama data shows.
A fee split Warwick calls ‘a bit crazy’ Warwick said he had watched the same fight play out at Synthetix, where market makers pushing to run the order books “always wanted it to be like 80/20,” and never got there. At Synthetix, “the highest it ever got to was like 30%,” he said on the show, adding that outside parties asking for a bigger share always arrive with a sob story about how expensive and difficult the work is. Against that history, Hyperliquid’s terms struck him as an outlier. “The fact that Hyperliquid has landed on 50% of the fees is a bit crazy,” he said on the podcast. “I can’t see how that’s sustainable.”
His reasoning was that Hyperliquid holds the pricing power. Builders can take their markets elsewhere, but “there is no competitor to Hyperliquid” itself, Warwick said on the show — the “mothership,” as he put it — so the exchange can lower the builder cut over time without losing the underlying venue. “I think 50% was an opening offer that probably is gonna change,” he said on the podcast.
Revenue and buybacks are falling as usage climbs The numbers behind the segment show why the split matters to HYPE holders. Hyperliquid routes nearly all of its own share of trading fees, about 99% excluding the builders’ cut, into an Assistance Fund that buys back the token, so a smaller protocol take means a smaller buyback. Gross revenue has fallen for four straight quarters even as trading volumes held up, sliding from roughly $357 million in the third quarter of 2025 to about $202 million in the second quarter of 2026, a 43% drop, DefiLlama data shows. Quarterly buybacks fell over the same span, from nearly $290 million to about $149 million.
Volume is barely down, Warwick noted, so the gap is a matter of who collects the fees rather than fewer fees being paid. The fees are “just going to different people,” he said on the show.
One builder holds most of the risk The open interest is heavily concentrated. A single builder, trade.xyz, accounts for more than 90% of all HIP-3 open interest, and tokenized real-world-asset perpetuals hit a record $3.6 billion in open interest in July, surpassing bitcoin’s open interest on the platform, DefiLlama data shows. Warwick’s concern cut both ways: the platform depends heavily on one counterparty, and that counterparty depends entirely on a protocol it does not control. “You never wanna be fully reliant on one platform,” he said on the show, noting that Hyperliquid could cut a builder’s fees, or absorb its markets, at any time.
HYPE recently traded around $57.66, DefiLlama data shows, below its June record of $76.67, with the protocol still burning tokens from daily fees.
Related Listen: Claude Found a 4-Year Zcash Bug. Now It Won’t Audit DeFi: Uneasy Money
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Polkadot [DOT] fell below $0.80 as sellers erased another part of the token’s early-August recovery.
The weakness comes after Grayscale abandoned plans for its proposed Polkadot Trust ETF, with the decision removing a potential US-listed investment product for DOT. Although, before the withdrawal, the token was already losing ground, according to analysis of its price chart.
Grayscale walks away from Polkadot ETF Grayscale submitted its withdrawal request to the US Securities and Exchange Commission on August 7, saying it was not continuing with the planned distribution of the trust’s shares.
Its registration statement had been active since August 2025, but the product never reached the market, and the latest filing provides no reason for the decision.
Importantly, the SEC did not reject the ETF, but it was Grayscale that chose to withdraw its registration before any shares were issued or sold.
The company also withdrew some other proposed products within minutes of the Polkadot filing, making it difficult to see the move as a negative judgement on DOT.
But with this move, Polkadot loses a possible route for investors seeking exposure through a regulated US-listed product, and whether another issuer eventually pursues a DOT ETF remains unclear.
Can Polkadot price recover above $0.80? DOT traded near $0.774 on August 13 after its latest rebound was unable to move beyond $0.87.
The token has now dropped below $0.79–$0.80, an area that previously helped buyers contain declines, but as it is unable to hold that level, it leaves the recovery looking increasingly shaky.
There was an increase in trading activity picked up when DOT turned lower in early August. On-Balance Volume has also continued to fall, suggesting buying interest has weakened alongside the price.
Source: TradingView The next area to watch is around $0.75. Buyers defending that level could give DOT another opportunity to challenge $0.80, and a break below it would instead put $0.70 back in view.
Even a return above $0.80 would only be an early improvement, but DOT would still need to overcome $0.86–$0.90, where its witnessed a sell-off, before the broader recovery becomes more convincing.
Final Summary Grayscale voluntarily withdrew its proposed Polkadot ETF alongside other planned crypto products. DOT has lost $0.80, making $0.75 important for preventing another move towards $0.70.
Digimarc přeorientuje prodej na retail a CPG, zatímco ve 2. čtvrtletí výnosy klesly na 7,4 milionu USD z 8 milionů a koncové ARR na 11,6 milionu USD z 15,9 milionu USD.
Digimarc NASDAQ: DMRC outlined a commercial restructuring centered on retail and consumer packaged goods, while reporting lower second-quarter revenue and annual recurring revenue following previously disclosed customer contract changes.
Chief Executive Officer Paul Carreiro, who said he was 30 days into the role, described the company’s primary challenge as commercial execution rather than technology differentiation. He said the company is building a more focused go-to-market organization designed to convert its digital and physical watermarking technology into more repeatable and forecastable revenue.
Get Digimarc alerts:
Retail and CPG become primary commercial focus
Carreiro said Digimarc will concentrate dedicated sales resources on retail and CPG, which he characterized as the company’s most developed verticals and the areas where its current product portfolio has the greatest differentiation.
In retail, the company is emphasizing its Secure Gift Card solution, which is deployed chainwide at Schnucks across 115 stores. Carreiro said gift card fraud represents measurable financial leakage for retailers and that Digimarc has built partnerships across the card issuance, point-of-sale, scanning, card production, serialization and packaging supply chain.
The company’s partners include Blackhawk Network and InComm for card issuance and distribution; Zebra Technologies, Datalogic and Honeywell for point-of-sale and scanning infrastructure; Graph-Tech USA and SDL Labels for card production and serialization; and WestRock for packaging integration.
Carreiro said Digimarc’s retail pipeline has grown more than 30 times since the start of the year, when it was working with one retailer. The company now has more than 31 large and mid-sized retailers in stages ranging from initial discussions to pilots and production rollouts.
Chief Financial Officer Charles Beck said two additional retailers have committed to deploy the Secure Gift Card solution across their stores. One is expected to begin rolling out later in August, while another is scheduled to begin in October. A large retailer that had postponed a pilot because of software availability constraints is now planning a smaller pilot in September, with the objective of supporting a broader deployment beginning in the first quarter of 2027, Beck said.
Several other retailers are planning rollouts during the first half of 2027. Carreiro said he did not anticipate additional gift-card-program revenue that he could commit to for the balance of 2026, as the company and its partners build demand through the second half of the year.
Within CPG, Carreiro highlighted a global rollout of the company’s Digimarc Digital Link platform covering 45,000 SKUs for a global manufacturer and distributor. He said the company sees external demand drivers from the GS1 Sunrise 2027 initiative and the European Union’s Digital Product Passport mandate.
New leadership structure and customer engagement model
Digimarc has hired a chief revenue officer with responsibility for quota, pipeline and forecasting across verticals, as well as a vice president of retail solutions. Carreiro said the company expects to add one or two senior hires by the end of August or September and complete its senior leadership buildout by the end of the third quarter. The company plans to add account executive capacity through the third and fourth quarters.
The planned structure includes dedicated retail and CPG sales teams, revenue operations, value engineering, marketing, product leadership and partner ecosystem management. Carreiro said the company will move pharma, life sciences, media and technology, and most government opportunities to a more partner-led, horizontal approach rather than maintaining dedicated vertical sales capacity.
He also said Digimarc will implement a “360-degree customer engagement model,” with go-to-market teams engaging accounts ahead of contract decision points to support retention, upselling and cross-selling. The company plans to conduct an investor roadshow in coming weeks led by Carreiro and Beck.
Second-quarter results and ARR decline
Digimarc reported second-quarter revenue of $7.4 million, down from $8 million in the same period last year. Subscription revenue declined to $3.7 million from $4.6 million, primarily due to a customer contract that expired in October 2025. Service revenue increased to $3.6 million from $3.4 million, with contributions from commercial and government business.
Ending ARR was $11.6 million, compared with $15.9 million a year earlier.
Subscription gross margin increased to 89% from 85%.
Service gross margin increased to 60% from 59%.
Operating expenses were $16.7 million, compared with $13.1 million a year earlier.
GAAP net loss per diluted share was $0.54, compared with a loss of $0.38 per share a year earlier.
Non-GAAP net loss per diluted share improved to $0.08 from $0.11.
Beck said the ARR decline reflected the expiration of a $3.1 million contract in October 2025 and a $2.6 million contract reduction in June 2026, partly offset by $1.5 million in net ARR growth. The reduction stemmed from two projects canceled after the government end customer changed requirements.
Digimarc is working with its direct customer to restructure that agreement, pursue recertification of three legacy projects and seek certification for two new projects. Beck said those efforts could restore a meaningful portion of lost ARR and potentially increase ARR, but the timing and outcome remain uncertain.
Given the contract reduction, no committed upsell from that customer and limited time left in the year, Beck said Digimarc no longer expects to achieve its original target for significant ARR growth by year-end. The company still expects meaningful ARR growth from gift cards as deployments progress, though that opportunity has shifted by several quarters.
Cash position and capital allocation
Digimarc ended the quarter with $8.8 million in cash and short-term investments and no debt. The company used $1.03 million of cash flow during the quarter, spent $600,000 repurchasing shares associated with employee equity programs, and raised $300,000 through its at-the-market program at an average share price of $12.59.
Carreiro said more than 90% of planned investment from its capital-raising efforts is expected to support the go-to-market buildout, while the company seeks to execute the expansion in as cost-neutral a manner as possible.
About Digimarc (NASDAQ:DMRC)Digimarc Corporation is a technology company specializing in digital identification and authentication solutions. Its core offering centers on embedding imperceptible digital watermarks into images, audio, video and packaging materials. These watermarks carry unique identifiers that enable secure tracking, brand protection and content provenance across print and digital channels.
The company's product suite includes software development kits and cloud-based services that allow enterprises to integrate digital watermarking into their existing workflows.
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].
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Should You Invest $1,000 in Digimarc Right Now?Before you consider Digimarc, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Digimarc wasn't on the list.
While Digimarc currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.
Ethereum-based decentralized exchange (DEX) Uniswap is grossly undervalued according to digital asset manager Bitwise. The firm’s leadership said the DEX is currently viewed as a “crypto trading app” eyeing the $2 trillion market.
But this is a “wrong framing” according to Bitwise CIO Matt Hougan. For him, the DEX is now not restricted to the crypto market. Credit and stock markets, amid a rapid tokenization boom, are also up for grabs.
For his part, Hunter Horsely, Bitwise CEO, noted,
The TAM for platforms like Uniswap, Aave, Morpho, etc is expanding beyond just crypto asset volume. ‘Onchain finance’ is a big opportunity for the space.
Amid tokenization and prediction markets, most analysts believe DEXs and crypto venues’ total addressable market (TAM) covers traditional capital markets.
Currently, the crypto segment is only $2T. Gold’s market is $30T, while the stock and credit sectors stand at $150T and $350T, respectively.
In other words, crypto trading venues can eye a nearly $600T capital market. And Uniswap is already making moves for this expanded potential.
Since the Robinhood Chain integration last month, Uniswap has seen massive traction. One of the major growth segments is real-world assets (RWA) tokenization. The sub-sector has hit record $2.5B in volume, dominated by tokenized stocks.
Source: Blockworks
Reacting to the explosive traction, Uniswap CEO Hayden Adams said,
Crazy to see it actually happening after all these years.
To further capture the tokenization boom and allow U.S investors regulated access to the products, Uniswap unveiled ‘permissioned pools.’ It comes with an allow-list for screening against sanctioned persons and organizations.
Will it boost UNI’s next leg of rally?
That said, the boom is expected to improve collected revenue, which directly goes into UNI buyback and burn program. In Q3, UNI rallied 95% from $2.3 to $4.5 thanks to the traction and renewed speculative activity across Robinhood Chain.
But UNI has since cooled off by 25% and eased to $3.46. Still, the pullback has hit a pivot inflection point of the 50% Fibonacci retracement level and the 200-day Moving Average (MA).
Source: UNI/USDT, TradingView
If Uniswap [UNI] bulls defend the 200-day MA, the altcoin could recover the August losses and reclaim $4.5. But cracking below the support would open the possibility of an extended dump to $3.0.
However, in the long run, Standard Chartered Bank expects UNI to rally 40x to $100, citing the tokenization boom.
Final Summary
Uniswap RWA volume hit record $2.5B, led by tokenized stocks
UNI’s 25% pullback in August has hit an inflection point at $3.46
Circle získala souhlas OCC k zřízení specializované banky Circle National Trust, která zatím nebude přijímat vklady ani poskytovat úvěry. USDC se tím zatím nemění.
Circle Internet Group (CRCL +5.75%) now has a bank. Sort of.
It won't hold your paycheck, give you a mortgage, or hand out a toaster for opening an account. In fact, Circle won't open an account for you at all. It's not that kind of bank.
On July 10, the U.S. Office of the Comptroller of the Currency (OCC) gave Circle final approval to establish a specialized bank named Circle National Trust. The doors opened on July 24.
A trust bank is the financial equivalent of a very serious safe-deposit vault. Circle's own FAQ says it plainly: No deposits, no lending. Its job is to hold things carefully and answer to a federal regulator while doing it.
A footnote on the company's site says the bank is expected to operate primarily as a sub-custodian at launch, serving Circle affiliates. Outside institutions might get access later, "depending on demand," which is corporate for "if anyone asks."
The fine print
What it does today is narrower than the headlines suggest:
Circle's USDC (USDC +0.00%) stablecoin did not change when the bank opened. Reserves still sit mostly with BNY as the custodian and BlackRock as the asset manager, attested monthly by Deloitte. Sorry for the accounting jargon, but the three companies play very different roles here. Circle CFO Jeremy Fox-Geen said USDC's underlying operations may move to Circle National Trust someday, but they have not changed yet.
Circle is not first in this area. BitGo received its unconditional charter before Circle did, from the same December 2025 batch of five conditional approvals.
The bank charter isn't a moat. Ripple, Paxos, and Fidelity have been sitting on conditional approvals for eight months, and at least three more firms filed applications in early August.
The market reaction
Shares jumped 15.6% intraday on approval day but closed at a milder 5.7% gain. Mizuho's Dan Dolev called the pop "likely overly optimistic," noting that the charter fixes neither USDC's shrinking market value nor the pending arrival of rival stablecoin Open USD.
Circle's stock bounced around for a few weeks. As of Aug. 13, after last week's earnings bump, it sits 13.1% above its close before the charter approval.
Image source: Getty Images.
Building the vault early
So why bother? It's a timing issue. The federal stablecoin law called the GENIUS Act takes effect in January 2027. Fox-Geen described the charter as regulatory bedrock laid down ahead of rules that have yet to arrive. Circle built a custodial vault before anyone required it, on the theory that showing up early beats scrambling later.
Not everyone applauded. The Independent Community Bankers of America (ICBA) pointed out that trust banks carry no deposit insurance, and the National Community Reinvestment Coalition (NCRC) noted they also skip Community Reinvestment Act obligations. NCRC called Circle's plan "the most dangerous banking charter of the century."
The charter is a permission slip, not a revenue line. Circle still earns its keep the same way it did in June: collecting interest on the dollars and Treasuries backing USDC.
Today's Change
(
5.75
%) $
4.10
Current Price
$
75.38
The trust bank doesn't do much for Circle's business, at least not yet. It would start to matter if reserve management actually moved under OCC supervision, custody opened to institutions outside Circle's own corporate family, or the GENIUS Act's arrival turned federal supervision from a nice-to-have bonus into a regulatory requirement.
Until then, you should judge Circle the way its income statement does: by how much USDC is in circulation and what interest rates are being paid on the reserves behind it.
XRP krátce spadl pod 1 USD a za měsíc odepsal přes 5 %, zatímco dlouhodobí držitelé dál hromadí. Toky do ETF jsou ale téměř nulové a na derivátech převládá prodejní tlak.
XRP has just lost a level it had defended since late 2024. Briefly falling below $1, Ripple’s token now shows more than a 5% drop over one month, unlike Bitcoin, Ethereum, and Solana. Yet behind this weakness lies a paradox: long-term investors are massively accumulating, while derivatives markets intensify selling pressure and flows to ETFs have sharply dried up. Two opposing forces now clash around XRP, and their duel could determine the token’s next move.
In Brief
XRP suffers a drop of more than 5% over one month and slips below $1, against the modest gains of Bitcoin, Ethereum, and Solana.
The cohort of wallets holding at least 1 million XRP has grown by 32 in three months, taking advantage of the drop to accumulate.
XRP deposit addresses on Binance have dropped by 96%, confirming investors’ intention to keep their tokens out of selling circuits.
Net flows on XRP spot ETFs have fallen to zero over the last four sessions, totaling only one million dollars in the first twelve days of August.
The silent accumulation of major investors and the drying up of deposits
Despite a continuously falling double-digit market capitalization over recent weeks, on-chain indicators attest to massive accumulation by the biggest holders in the market. According to analysts at Santiment, 32 new wallets have been added to the number of addresses holding at least one million XRP during the last three months. Thus, these gradual acquisitions methodically absorb the coordinated bearish pressure from retail investors.
Santiment’s team of experts views such dynamics as a long-term conviction strategy. They state: “when the number of wallets holding at least one million XRP increases while market capitalization decreases, it means the strong hands absorb the panic. Patience takes precedence over mere speculative enthusiasm related to price, and the prospects of future volatility become all the more attractive for buyers.” Additionally, there is a quantitative increase in daily interactions due to user behavior on the network. Active addresses rose from 26,400 in July to 35,700 in August. August 11th saw a peak in activity, unmatched since June 5th.
The current state of centralized exchanges shows tokens locked outside immediate selling circuits. Data published by CryptoOnchain reveals a considerable drop of 96% compared to monthly and quarterly norms. Meanwhile, inflow and outflow volumes have respectively fallen by 79% and 85% relative to their 90-day moving averages. Moreover, for CryptoOnchain’s analyst, this trend reflects strict retention of XRP coins: “The network records strong activity, but tokens are not transferred to exchanges to be sold.” In this context, the majority of long-term XRP holders, far from succumbing to general panic, deliberately chose to isolate their positions off-exchange despite the price correction.
Such resilience by the network’s historical holders is reflected through various accumulation metrics :
Growth in the number of whales : wallets holding at least one million XRP have increased by 32 over the last three months, amidst falling prices ;
Collapse of deposit activity on Binance : a 96% drop in XRP deposit addresses compared to usual averages, alongside a decline in inflows (-79%) and outflows (-85%) ;
Steady increase in network usage : daily active addresses rose to an average of 35,700 in August (up from 26,400 in July), peaking on August 11.
Stagnant adoption under selling pressure from derivatives
Despite the strength of activity from historical wallets, this does not demonstrate an ecosystem growth nor buying momentum on futures markets. In this perspective, Santiment nuances the overall picture. The analytics platform indicates that new address creation is stubbornly stagnant at 2,260 per day currently, compared to 2,270 in July. Analysts state: “presenting the situation as growing user activity is only half true. The existing user base is simply conducting more transactions, but the overall number of wallets is not increasing.”
Without new dynamism in the network, short-term speculation would continue to influence prices. Regarding the derivatives market on the Binance exchange, selling pressure is firmly established. The taker buy/sell ratio plunged to 0.86, its lowest value since May. Analyst Arab Chain highlights the significance of this figure: “a value below 1 indicates that the volume of sell orders executed by traders exceeds buy orders, thus reflecting clear selling pressure from market participants operating directly on the market.”
A Cumulative Volume Delta (CVD) confirms this clear dominance of sellers. The indicator remains in the red around –4.15 million, despite maintaining a 0.84 correlation with price. Arab Chain draws this conclusion: “despite strong CVD-price correlation, the CVD value remains anchored in negative territory. This shows market flows strongly favor selling, proving buying activity is insufficient to shift net flow balance into positive territory.” Therefore, short-term sellers continue setting the pace against buyers unable to reverse the trend in order books.
The scarcity of flows on XRP ETFs
Institutional investors are also slowing down. Data from SoSoValue shows that XRP ETFs have recorded a zero net balance over the last four sessions. Such a steep decline was spectacular in the week ending August 7.
Indeed, these products, after accumulating $14.86 million the previous week, attracted only $1.01 million, a colossal drop of 93%. Thus, over the last twelve days of this August, cumulative inflows barely exceed this mere million dollars, indicating temporary disinterest from professional investors.
Ultimately, the confrontation between whales’ firmness and retail investors’ disinterest in ETFs as well as derivatives places XRP in a precarious balance. The absence of new users contributes to limiting the market’s capacity to absorb aggressive selling by short-term traders. A resumption of inflows into ETFs could trigger sustainable bullish dynamics.
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Join the program
A
A
Lien copié
Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Forward Industries nakoupila dalších 254 000 $SOL mezi 1. červencem a 3. srpnem za zhruba 75 USD za kus a zvýšila svůj podíl na asi 7,8 milionu SOL. Firma je největším veřejně obchodovaným držitelem Solana treasury.
Solana digital asset treasury (DAT) companies continued expanding their positions as firms reported new SOL purchases, staking results, operational changes, and ecosystem investments.
Forward Industries, the largest publicly traded Solana treasury holder, resumed its $SOL accumulation campaign by purchasing an additional 254,000 $SOL between July 1 and August 3 at an average price of approximately $75 per token. The purchases lifted Forward’s total $SOL and SOL equivalent holdings to approximately 7.8 million SOL.
Forward Industries Grows $SOL Treasury
Forward Industries reported its fiscal Q3 2026 results on August 12, highlighting continued growth in its Solana treasury strategy.
The company also reported a 9% quarter-over-quarter increase in fully diluted $SOL per share, which rose from 0.0669 to 0.0730. By August 3, SOL per share increased further to approximately 0.0754.
Forward continues to stake nearly all of its $SOL holdings through its validator, with an approximately 1.38% network stake weight, according to Solana Beach data. The company generated approximately 106,000 $SOL in staking rewards during Q3, bringing cumulative staking rewards since launching its treasury strategy in September 2025 to approximately 300,000 $SOL.
Forward also continued exploring acquisitions of digital asset treasury companies and other strategic businesses. Earlier in 2026, the company attempted acquisitions of Solana Company, Solmate, and SkyAI as part of a broader consolidation strategy but had no success.
DeFi Development Corp. Focuses on Efficiency
DeFi Development Corp. also released its Q2 2026 shareholder update, reporting $SOL and $SOL-equivalent holdings of 2,311,523 as of August 12.
The company reported $SOL per share of 0.066, representing a 24% year-over-year increase. DeFi Dev Corp. also announced cost reductions planned for Q3 and further simplification of its capital structure.
The company repurchased approximately $3.5 million in principal of July 2030 convertible notes for $2.3 million in cash, representing a discount of about 35% to par value.
DeFi Dev Corp. reaffirmed its long-term goal of reaching 1.0 SOL per share by December 2028. It also discontinued its Treasury Accelerator program while concentrating activity on a smaller number of institutional-scale protocols.
SkyAI and Solmate Add to Treasury Positions
SkyAI, formerly Sharps Technology, reported approximately 2 million $SOL in its treasury as of June 30. The company also held approximately $12.1 million in cash and generated $2.3 million in net staking revenue during Q2.
SkyAI reported that its staking operations produced an approximately 6% gross annualized yield on a $SOL-denominated basis. The company also appointed Arthur Levine as Chief Financial Officer as it continues developing its agentic finance platform built around its Solana treasury.
Meanwhile, Solmate increased its $SOL holdings by acquiring an additional 1,001 $SOL. The company now holds approximately 1.26 million $SOL, with its treasury valued at roughly $94 million.
SOL Strategies Expands Beyond SOL Holdings
SOL Strategies continued building infrastructure businesses around the Solana ecosystem after acquiring Houdini Swap, a privacy-focused cross-chain swap aggregator.
The company reported that Houdini generated approximately $1.1 million CAD in revenue and $740,000 CAD in EBITDA during its first full month under SOL Strategies. The business processed approximately $92 million CAD in transaction volume across 34,427 orders.
Houdini also integrated with pump.fun’s Terminal platform, adding private deposits, withdrawals, and multi-wallet funding features. The integration allows traders to manage separate wallets without creating direct onchain links between funding sources and destination wallets.
The growth of Solana DAT companies shows an increasingly competitive race among public firms seeking exposure to $SOL accumulation, staking revenue, and broader Solana infrastructure opportunities.
Read More on SolanaFloor
DoubleZero Embraces Prediction Market Data, Adds Kalshi Orderbooks to Edge Dataset
Solana’s Tokenized Fund Market Surges $468M in 2026 as RWA Ecosystem Hits $3.9B ATH
Mike Dudas řekl, že Solana je dobře pozicionovaná jako „everything chain“ pro obchodování, platby i vypořádání na jedné síti. Zároveň podpořil návrh na zpomalení emise SOL a vyšší spalování poplatků.
In brief 6th Man Ventures Co-Founder Mike Dudas said Solana is positioned to attract mainstream users because it supports trading, payments, and settlement on a single network. He argued that corporate-backed networks such as Coinbase’s Base and Robinhood’s blockchain face pressure to steer users toward fee-generating products. His comments come as Solana validators consider proposals to slow token issuance and burn more SOL. Solana could bring hundreds of millions of people into crypto without most of them realizing they are using a blockchain, investor Mike Dudas said on a recent episode of Decrypt's Fomo Hour podcast.
Dudas, co-founder of crypto venture firm 6th Man Ventures and an early backer of Pump.fun and various other Solana projects, said the network's advantage is the range of activity it supports.
“The reason I think Solana is in a great position is because it is sort of the everything chain of trading and money movement and settlement,” he told Decrypt. “So it’s performant, it’s flexible, and it’s multi-use case.”
Dudas said consumer apps have made crypto easier to use by hiding many of its technical elements. Users can now fund accounts through services such as Apple Pay without handling wallets or interacting directly with a blockchain.
Today we sat down with @mdudas to chat about @solana and its ecosystem!
3:30 - Solana's place this cycle
7:10 - Thoughts on the latest Solana Governance vote
8:40 - Are Memecoins back?
14:40 - El Toad Pepe backstory
18:07 - How to make a memecoin a "good coin" ?
21:05 - The… pic.twitter.com/zR7LewjEll
— Decrypt (@DecryptMedia) August 12, 2026
“I think that’s how most people are going to experience ‘on-chain’ moving forward,” he said.
Dudas argued that Solana’s less visible infrastructure—including round-the-clock availability, deep liquidity, low fees, and near-instant settlement—makes those consumer products possible.
“The unsexy stuff enables the stuff that people use,” he said.
Corporate-backed blockchains face different pressures, Dudas said, pointing to Coinbase’s Base and Robinhood Chain. He argued that both companies have an incentive to direct users toward products that generate revenue.
Dudas also said he supported efforts to reduce Solana’s token issuance—a topic that’s making the rounds of late as calls to reduce inflation in both the Solana and Ethereum ecosystems intensify.
“The notion that you need massive amounts of inflation for security has been overdone,” he said, calling the latest proposal “reasonable.”
Solana validators are considering two measures bundled under SGP-0003. The proposals would accelerate reductions in new SOL issuance and increase the amount of SOL burned through network fees. If it goes through, it could result in the kind of supply-size squeeze investors would likely benefit from, assuming demand stays steady or increases.
Dudas said Solana’s meme coin ecosystem also proved more resilient than much of the crypto market during the downturn, arguing that the network’s willingness to support uses ranging from speculative tokens to stock trading has become one of its strengths.
“The beauty of Solana is that the chain supports all of these different use cases,” he said. “As much crap as the Solana Foundation gets, and as much crap as I sometimes give it, they unequivocally and vocally support all of these broad use cases—and you can see it.”
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
Bitwise ve spolupráci se Superstate zkoumá tokenizaci podílů některých fondů, první má být BSOL. Tokenizované akcie by měly stejná práva jako běžné podíly.
, /PRNewswire/ -- Bitwise Asset Management, a global crypto asset manager, today announced a partnership with Superstate, a financial technology firm that partners with issuers and asset managers to bring securities onchain, to develop the capability for shares of certain Bitwise funds to be held in tokenized form.
Under the framework the firms are developing, tokenization would change only the form in which share ownership is recorded. Investors would continue to purchase the same shares of the applicable fund, with the same rights, through the same channels as today. Shareholders could then elect to hold those shares either in traditional book-entry form through The Depository Trust Company or in tokenized form recorded on a blockchain and maintained through Superstate's transfer agency infrastructure. Shares held in tokenized form would carry rights identical to shares held in book-entry form and would not be freely transferable outside that recordkeeping system.
Bitwise expects the Bitwise Solana Staking ETF (NYSE: BSOL) to be its first fund for which the tokenized share option may become available. Availability of the tokenized share option remains subject to applicable legal and regulatory requirements. There can be no assurance as to whether or when a tokenized share option will become available for BSOL or any other Bitwise fund.
About Bitwise
Bitwise Asset Management is a global crypto asset manager with $9 billion in client assets and a suite of over 70 investment products spanning ETFs, separately managed accounts, private funds, DeFi strategies, and staking. The firm has a nine-year track record and today serves more than 5,500 private wealth teams, RIAs, family offices and institutional investors as well as 21 banks and broker-dealers. The Bitwise team of technology and investment professionals is backed by leading institutional investors and has offices in San Francisco, New York, and London.
About Superstate
Superstate partners with issuers to bring securities onchain, enabling access to new investor capital and modern financial markets. Through Opening Bell, Superstate partners with companies issuing tokenized equity. Through FundOS, it serves asset managers launching tokenized funds. Both platforms support compliant issuance, record keeping, direct investor registration, and onchain market integration via their SEC-registered transfer agency infrastructure. Superstate's flagship funds USTB (now the Invesco Short Duration US Government Securities Fund) and USCC (now the Bitwise Crypto Carry Fund) validated this infrastructure at institutional scale before transitioning to leading asset managers on FundOS. Learn more at superstate.com.
Risks and Important Information
This material must be accompanied by a prospectus. Please read the prospectus carefully before investing. To obtain a current prospectus visit bsoletf.com/welcome.
The Bitwise Solana Staking ETF (BSOL) is not suitable for all investors. An investment in BSOL is subject to a high degree of risk, has the potential for significant volatility, and could result in significant or complete loss of investment. BSOL is not an investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act") and therefore is not subject to the same protections as ETFs and mutual funds registered under the 1940 Act. An investment in BSOL is not the same as a direct investment in Solana (SOL).
Shares of ETPs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The NAV may not always correspond to the market price of SOL and, as a result, Creation Units may be created or redeemed at a value that is different from the market price of the Shares. Authorized Participants' buying and selling activity associated with the creation and redemption of Creation Units may adversely affect an investment in the Shares.
The amount of SOL represented by a Share will continue to be reduced during the life of the Fund due to the transfer of the Fund's SOL to pay for the Sponsor's management fee, and to pay for litigation expenses or other extraordinary expenses. This dynamic will occur irrespective of whether the trading price of the Shares rises or falls in response to changes in the price of SOL.
There is no guarantee or assurance that the Fund's methodology will result in the Fund achieving positive investment returns or outperforming other investment products.
Investors may choose to use the Fund as a means of investing indirectly in SOL. Because the value of the Shares is correlated with the value of the SOL held by the Fund, it is important to understand the investment attributes of, and the market for, SOL.
SOL Risk. There are significant risks and hazards inherent in the SOL market that may cause the price of SOL to fluctuate widely. The Fund's SOL may be subject to loss, damage, theft or restriction on access. Investors considering a purchase of Shares should carefully consider how much of their total assets should be exposed to the SOL market, and should fully understand, be willing to assume, and have the financial resources necessary to withstand the risks involved in the Fund's investment strategy.
Liquidity Risk. The market for SOL is still developing and may be subject to periods of illiquidity. During such times it may be difficult or impossible to buy or sell a position at the desired price. Possible illiquid markets may exacerbate losses or increase the variability between the Fund's NAV and its market price. The lack of active trading markets for the Shares may result in losses on investors' investments at the time of disposition of Shares.
Regulatory Risk. Future and current regulations by a U.S. or foreign government or quasi-governmental agency could have an adverse effect on an investment in the Fund.
Blockchain Technology Risk. Certain of the Fund's investments may be subject to the risks associated with investing in blockchain technology. The risks associated with blockchain technology may not fully emerge until the technology is widely used. Blockchain systems could be vulnerable to fraud, particularly if a significant minority of participants colluded to defraud the rest. Because blockchain technology systems may operate across many national boundaries and regulatory jurisdictions, it is possible that blockchain technology may be subject to widespread and inconsistent regulation.
Staking Risk. The Trust intends to implement a staking program under which a significant portion of the Trust's SOL will be staked. While staking Solana offers the potential to earn rewards in the form of additional Solana tokens, it also exposes the Trust to several risks, such as loss of rewards, slashing penalties, and operational uncertainties. Staking activities could impair the ability to satisfy redemption orders on a timely basis.
Nondiversification Risk. The Fund is nondiversified and will hold a single issue. As a result, a decline in the market value of a particular issue held by the Fund may affect the Fund's value more than if it invested in a larger number of issuers.
Recency Risk. The Fund is recently organized, giving prospective investors a limited track record on which to base their investment decision. If the Fund is not profitable, the Fund may terminate and liquidate at a time that is disadvantageous to Shareholders.
Bitwise Investment Advisers, LLC serves as the sponsor of the Fund. Foreside Fund Services, LLC serves as the Marketing Agent for BSOL, and is not affiliated with Bitwise Investment Advisers, LLC, Bitwise, or any of its affiliates.
Media Contact
Stephanie Dressler
[email protected]
Fireblocks has added TRON to its Flow payment infrastructure, letting payment service providers and fintech companies accept stablecoin payments directly from TRON wallets. The integration, which went live on August 12, opens up TRON’s sprawling stablecoin ecosystem to the more than 2,400 institutions already using Fireblocks.
What Fireblocks Flow actually does
Fireblocks Flow launched on June 2, 2026, during Money20/20 Europe. Think of it as a universal adapter for digital asset payments: one integration that handles wallet connectivity, compliance, settlement, and reconciliation all in a single stack.
Before this update, Flow supported EVM-compatible networks, Solana, Sui, and Bitcoin. TRON is now the newest addition to that source-chain roster.
Advertisement
A payment service provider can now accept a TRON-based stablecoin deposit from a customer’s wallet and settle it in whatever stablecoin the merchant has configured. No juggling multiple integrations, no bolting together separate compliance layers for each chain.
Flutterwave was among Flow’s initial launch partners, signaling that the product was designed with emerging-market payment corridors in mind from day one.
Why TRON matters for stablecoin payments
Fireblocks itself has secured over $14 trillion in cumulative digital asset transactions across more than 100 chains.
The institutional stablecoin push accelerates
Earlier mentions of TRON’s potential integration with Fireblocks Flow surfaced in July 2026, with official confirmation arriving in mid-August.
Both Fireblocks and TRON DAO framed the move as bringing TRON’s established payment infrastructure into a professional-grade environment used by over 2,400 institutions.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Tesla plánuje v San Francisku Supercharger hub se 124 stáními na adrese 75 Waterloo Street, což by z něj udělalo jednu z jejích největších stanic na světě. Projekt zatím čeká na povolení a termín výstavby ani otevření není znám.
Tesla is planning one of its largest supercharger stations yet — right in the middle of San Francisco
By
Katherine Li
You're currently following this author!
Want to unfollow? Unsubscribe via the link in your email.
Tesla is planning a 124-stall Supercharger hub in San Francisco at 75 Waterloo Street.
Marcin Golba/NurPhoto via Getty Images
Tesla is making a major bet on demand from urban EV owners by planning an unusually large charging hub in San Francisco.
Plans filed with the city show that Tesla is planning for 124 V4 Supercharger stalls at 75 Waterloo Street, a triangular vehicle storage lot near the intersection of Alemany Boulevard and Bayshore Boulevard, alongside Highway 101.
The proposed station would be among Tesla's largest globally, and a rare project of that scale inside a major city. By comparison, Tesla's planned V4 Supercharger at 25 Mason Street, near Market Street in the city, would have 35 stalls. That permit application was submitted on May 18.
Tesla's 124-stall Supercharger hub plan, as seen in the company's permit application to the city of San Francisco.
Official Tesla Filings
Tesla's biggest charging hubs are typically built along heavily traveled interstate corridors, where land is cheaper and demand surges during road-trip season. The hub sits at the crucial location where the 101 meets Interstate 280, which leads to the Peninsula, Silicon Valley, and San Francisco International Airport. It's also not far from Bernal Heights and the Bayview, which have significant residential populations.
Some of Tesla's largest charging locations include a 200-stall station in Yeehaw Junction, Florida, and a 164-stall station in Kern County, California. While the latter became fully operational in November 2025, the largest hub in Florida has yet to open.
Based on maps submitted to the city, the 124 stalls would use a conventional parking configuration rather than the pull-through stalls Tesla has introduced at some newer locations.
The plans include a roughly 416-square-foot "micro-amenity" building.
Official Tesla Filings
The plans indicate the station would operate around the clock and include a roughly 416-square-foot "micro-amenity" building. Sketches show that the building contains two gender-neutral, accessible restrooms with diaper-changing stations, water fountains, and vending machines, as well as space for storage, cleaning equipment, and the site's security and IT systems. The vending area would offer coffee, hot drinks, and snacks.
The plans do not appear to include solar canopies or Tesla Megapack batteries, features used at some of the company's other large charging hubs. Solar canopies are typically used to lower peak-demand costs and keep chargers operating during some outages.
The latest version of the application was submitted on July 29, but the project still needs to go through the city's permitting process. No construction or opening date has been announced.
Tesla did not respond to a request for comment.
Read next
Katherine Li
You're currently following this author!
Want to unfollow? Unsubscribe via the link in your email.
Pony.ai a Uber rozšiřují partnerství a plánují nasadit více než 2 000 robotaxi v Evropě. Projekt se rozšíří ze Záhřebu do čtyř dalších evropských měst.
Expanded partnership builds on the partnership in Zagreb and targets four additional cities in Europe.
, /PRNewswire/ -- Pony AI Inc. ("Pony.ai") (NASDAQ: PONY; HKEX: 2026), a global leader in the large-scale commercialization of autonomous driving technology, and Uber Technologies, Inc. ("Uber") (NYSE: UBER), today announced an expansion of their strategic partnership, with plans to collaborate on the deployment of more than 2,000 Pony.ai Robotaxis across Europe.
The partnership will expand from the existing commercial service in Zagreb, coming soon to the Uber platform, to four additional cities in Europe. Additional details about the rollout will be announced in phases and the expanded partnership also includes plans to deploy in the Middle East.
The expanded agreement gives Pony.ai's joint-deployment model a clearer path to commercial scale. The model brings together three core functions required to operate Robotaxi services at scale: Level 4 (L4) autonomous driving technology, a leading mobility platform, and day-to-day fleet operations. It allows technology, platform, and fleet partners to work together in the same market, while individual partners may also take on more than one role. Vehicle funding and ownership can sit with different partners depending on the market.
Under the expanded partnership, Pony.ai will provide its L4 autonomous driving technology, rider-experience and operational expertise developed through multiple large-scale Robotaxi deployments while Uber will provide customer access through its leading global mobility platform, including booking, payment, and customer service capabilities, alongside its growing network of human drivers. Day-to-day fleet operations may be carried out by established local fleet partners selected for each market.
Pony.ai operates paid, fully driverless Robotaxi services in China's four tier-one cities, where it has achieved city-wide breakeven unit economics in multiple markets, validating its commercially sustainable model for operating Robotaxis at scale.
For Pony.ai, the expanded partnership with Uber marks a further evolution of its growth strategy, complementing continued expansion into new markets with fleet deployments at regional scale. The collaboration dates back to May 2025, when Pony.ai and Uber first announced plans to bring Pony.ai Robotaxis onto the Uber platform in international markets. In 2026, the companies worked with Croatian mobility company Verne to launch Europe's first commercial Robotaxi service in Zagreb, with Verne serving as the local fleet owner and operator.
"This expanded agreement marks an important new phase in the partnership between Pony.ai and Uber. It reflects our shared commitment to bringing safe, reliable Robotaxi services to more European cities," said Dr. James Peng, Founder and CEO of Pony.ai. "By combining Pony.ai's proven autonomous driving technology and operational know-how with Uber's global mobility platform and extensive market reach, we aim to build sustained commercial operations at scale across Europe and beyond."
"The next chapter for autonomous mobility is about moving from individual launches to repeatable commercial scale," said Sarfraz Maredia, Global Head of Autonomous Mobility & Delivery at Uber. "Together with Pony.ai, we're combining advanced autonomous technology with Uber's hybrid platform, on-the-ground experience, and operational excellence, to build a model that can quickly and reliably expand across cities."
About Pony AI Inc.
Pony AI Inc. is a global leader in achieving large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology, a full-stack autonomous driving technology that seamlessly integrates Pony.ai's proprietary software, hardware and services, Pony.ai is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases. Founded in 2016, Pony.ai has expanded its presence across China, Europe, Asia, the Middle East and other regions, ensuring widespread access to its advanced technology.
About Uber Technologies, Inc.
Uber's mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 79 billion trips later, we're building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.
Safe Harbor Statement
This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about Pony.ai's beliefs, plans, and expectations are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Pony.ai's filings with the SEC and the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Pony.ai does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
