Hyperliquid jedná s CFTC a SEC o tom, aby regulované firmy mohly nabízet perpetual futures na jeho blockchainu. Platforma loni vykázala čistý zisk přes 900 milionů USD.
Hyperliquid is reportedly lobbying U.S. regulators to open a pathway for regulated firms to offer perpetual futures on its blockchain, according to a report by The Information on Wednesday.
The news comes as market commentators point to improving fundamentals and institutional accumulation around the HYPE token.
Will HYPE Grab the Perps Market?Hyperliquid is engaging with the CFTC and SEC to allow U.S.-regulated companies to offer perpetual futures that trade and settle on its public blockchain, The Information reported.
The decentralized trading platform currently restricts U.S. users from accessing its services but is reportedly seeking no-action letters or new regulatory guidance that could allow its infrastructure to play a larger role in regulated U.S. markets.
The push comes as Hyperliquid’s underlying business continues to gain traction. The platform reportedly generated more than $900 million in profit last year.
In late July, VanEck’s Matthew Sigel highlighted Hyperliquid as an early leader and an example of crypto-native infrastructure expanding beyond digital assets.
He predicts HYPE to generate $800 million in annualized revenue.
Traders Debate if HYPE Is a BuyCrypto trader Michael van de Poppe highlighted HYPE as an asset worth watching during market weakness, arguing investors should focus on buying dips in assets that are gaining traction and have a strong narrative.
"HYPE has been one of those assets for almost a year," he said.
Arkham Intelligence data points to continued demand from Bitwise clients.
Bitwise-linked ETF clients have purchased more than $5 million worth of HYPE over the past week. The wallets tracked by Arkham have not sold any HYPE since last month and have only accumulated the token during August.
Trader Crypto McKenna sees an improving technical setup, noting that HYPE appears to be establishing a higher low following a deviation below its range low.
He also highlighted the upcoming AQAv2 launch at the end of August and increased fee flexibility for HIP-3 deployers as potential fundamental catalysts.
Altcoin Sherpa is also looking for accumulation opportunities but would prefer a deeper correction. He hopes to build a larger spot position if HYPE falls into the $40s. Currently, the setup does not offer attractive trading opportunities.
He added that the token does not currently offer an especially attractive active trading setup.
Price Action: Hyperliquid Strategies Inc (NASDAQ:PURR) is up 1.5% on the day, the 21shares Hyperliquid ETF (NASDAQ:THYP) is up 2.5%.
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Crypto.com spustila Tokenized Stocks, deriváty sledující cenu zhruba 1 500 amerických akcií a ETF pro uživatele mimo USA. Obchodování běží nonstop a startuje od 1 USD.
Summary Crypto.com launched tokenized derivatives tracking roughly 1,500 US stocks and ETFs for users outside America. The product relies on a MiFID license secured through the acquisition of Foris Capital and custody with Alpaca. Kraken, Binance, Robinhood, OKX and Hyperliquid already run competing tokenized equity products with different structures. Regulators shut down a similar Binance and FTX attempt in 2021 within three months of launch. Crypto.com opened access on Wednesday to a new product line called Tokenized Stocks, a set of derivatives that mirror the price of about 1,500 US-listed equities and exchange-traded funds. The rollout targets users in the European Economic Area and other approved jurisdictions outside the United States, letting them buy fractional exposure to names like Apple, Nvidia and Tesla, as well as commodity funds such as SPDR Gold Shares, starting from $1. The exchange built the offering on a Markets in Financial Instruments Directive license it picked up through its acquisition of Foris Capital, and it settles trades instantly on-chain rather than through the traditional two-day clearing window.
A $1 Token Buys Price Exposure, Not a Share Certificate The product does not hand buyers real shares. Each token is a derivative contract that tracks price movement without transferring legal or beneficial ownership, voting rights or any say in corporate governance. Holders can still receive dividend-equivalent payments that mirror the underlying company’s cash distributions, even though they hold no equity stake. Collateral backing the tokens sits with Alpaca, a US self-clearing broker-dealer that already underpins more than 90% of the tokenized US stock market industry-wide. Depending on where a user is based, the legal issuer is either Foris Capital CY Limited in Cyprus or Foris Capital MU Ltd, and the Cyprus arm operates under supervision from the Cyprus Securities and Exchange Commission.
Trading runs continuously, including weekends, and the promotional fee structure currently sets commissions at zero, though the exchange notes that other platform charges may still apply. CEO Kris Marszalek tied the launch to a $400 million investment from Citadel Securities that valued Crypto.com at $20 billion, framing the funding as proof that markets “shouldn’t have to sleep.”
Crypto.com Tracks Prices, Some Rivals Put the Real Share on Chain Crypto.com’s approach sits on one side of a structural split that now defines the tokenized equity market. Synthetic or derivative models, which Crypto.com and Kraken both use, map the price of a stock without putting the actual security on-chain. Issuer-sponsored models instead aim to register real common shares as blockchain assets, giving holders an actual claim on the company. If an issuer like Crypto.com or Kraken runs into financial trouble, a synthetic-token holder has a claim on collateral held by a custodian like Alpaca, not a direct claim on the underlying shares the way a real shareholder would.
Synthetic · MiFID
Crypto.com
~1,500
stocks and ETFs covered
Collateral held in custody with Alpaca
Token Wrapper
Kraken · xStocks
100+
stocks and ETFs, SPL on Solana
Proprietary Chain
Binance · bStocks
$500M+
market cap
Over 90% of volume trades outside Wall Street hours
Proprietary Wrapper
Robinhood
Arbitrum
EU retail focus
Built for a traditional-broker style interface
Liquidity Integration
OKX
40+
tokenized stocks
Secondary liquidity venue, not the issuer
Synthetic Perps
Hyperliquid · HIP-3
$633B
Q1 2026 trading volume
Hosted synthetic SpaceX trading ahead of its 2026 IPO
BaFin Shut This Down Once Already, in Three Months Flat This is not the industry’s first run at putting Wall Street on-chain. Binance and FTX both launched fractional stock tokens in April 2021, covering names like Tesla, Apple and Coinbase, through partnerships with European firms CM-Equity and Digital Assets AG. Neither exchange filed the securities prospectuses regulators expected, and Germany’s BaFin along with the UK’s Financial Conduct Authority moved quickly. Binance pulled the product just three months after it went live.
The current wave looks different on paper. Crypto.com built its launch around an actual MiFID license and regulated custody, and Kraken’s perpetuals run under similar regulatory cover. BaFin’s 2021 objection centered on the absence of a prospectus, not the token mechanism itself; Crypto.com’s MiFID license and Kraken’s regulated derivatives venue are built to satisfy that specific requirement.
Weekend Token Prices Called 92% of Monday’s Gaps Binance’s own research points to something specific: more than 90% of on-chain bStocks trading volume happens while US markets are shut. The exchange’s data found that weekend token pricing correctly anticipated 92% of the Monday morning gaps that later showed up on Wall Street. On-chain volume peaked between 20:00 and 24:00 ET, the start of the Asian trading day, while activity on Binance itself clustered around the US pre-market open. They are running continuous price discovery on assets that traditional exchanges only reopen five days a week, and traders elsewhere are watching those weekend moves for signals.
Hyperliquid pushes the same idea further. Its Layer-1 chain processes roughly 200,000 actions per second and lets external developers list perpetual contracts on equity indices, commodities and even pre-IPO companies through tools like trade.xyz. Synthetic trading for SpaceX tracked closely with the eventual valuation the company reached at its June 2026 listing, giving retail traders a way to price a private company months before it reached a public exchange. Hyperliquid cleared more than $633 billion in trading volume in the first quarter of 2026 alone and now competes with Binance for the position of the world’s second-largest perpetuals venue by open interest.
A $2.49 Billion Market Now Splits Five Ways Between Rivals The tokenized equity market has grown roughly sixfold over the past year to reach a $2.49 billion valuation, and Citigroup expects the broader tokenized securities category to reach $5.5 trillion by 2030, with $2.6 trillion of that coming from tokenized equities specifically. Crypto.com now competes directly with Kraken, Binance, Robinhood and OKX for retail flow in this category, and each platform is betting on a different structure to win users. Investors comparing these products need to look past headline asset counts and check whether they are buying a synthetic price tracker or something closer to real ownership, since the two carry different risk profiles if a platform runs into trouble. Regulatory scrutiny is also likely to intensify as volumes rise, given how quickly authorities acted the last time exchanges tried this without a full licensing framework behind them.
Hyperliquid míří na americký trh, ale jeho rozhraní zůstává pro uživatele v USA uzavřené. Podle zprávy za 2. čtvrtletí HYPE ve 2. čtvrtletí vzrostl o 79,2 %.
Hyperliquid is turning its attention toward the U.S. market, according to a recent report by The Information.
The push comes at an important moment for the crypto industry. Hyperliquid has grown into one of the largest venues for crypto perpetual futures.
U.S. regulators are simultaneously trying to determine how derivatives, decentralized exchanges and other on-chain financial products should fit into a regulatory system largely designed around centralized intermediaries.
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The question, therefore, is not simply whether Hyperliquid wants to enter the United States. It is whether the existing regulatory framework gives a decentralized protocol a workable way to do so.
U.S. prohibition?In practical terms, Hyperliquid's current trading interface is closed to U.S. users. The Hyperliquid blockchain itself has been declared illegal in the United States.
Hyperliquid is a permissionless blockchain. Its network and smart contracts are distinct from the website interface through which many users access the protocol.
Hyperliquid's terms of use identify people and entities located in or resident in the United States as "Restricted Persons" and prohibit them from using the interface.
Perpetual futures are its most important product. In the U.S., derivatives markets are subject to an extensive regulatory framework that has been developed by the CFTC.
The Hyperliquid Policy Center has made precisely this issue the centerpiece of its Washington strategy. The organization says it is seeking a "clear, regulated path" for Americans to access onchain markets.
The Policy Center was launched in Washington in February 2026 and is led by crypto lawyer Jake Chervinsky.
Hyperliquid's remarkable growth Hyperliquid has plenty of economic reasons to pursue the U.S. after it recorded remarkable growth.
According to the Q2 report cited in the recent report on Hyperliquid, HYPE rose 79.2% during the second quarter.
This is the second consecutive quarter in which HYPE substantially outperformed the broader crypto market.
The platform has become large enough that Washington can no longer simply ignore it.
At the same time, American users remain largely excluded from direct access to the derivatives upstart.
Hyperliquid usiluje o vstup na americký trh, přestože čelí regulačním překážkám. Kvůli souladu s předpisy zatím blokuje uživatele z USA na svém front-endu.
Hyperliquid, a decentralized perpetual futures exchange, is reportedly aiming to expand its operations into the United States despite ongoing regulatory challenges. The exchange, which currently blocks U.S. users from its front-end due to compliance issues, is seeking a path to offer on-chain derivatives within the U.S. market. This development comes amid pressure from established exchanges like CME Group and Intercontinental Exchange (ICE), which have urged U.S. regulators to impose tighter controls on Hyperliquid. The exchange’s policy arm has engaged in discussions with U.S. regulators, including a recent meeting with the SEC’s Crypto Task Force, indicating its intent to navigate the complex regulatory landscape.
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Key Takeaways Hyperliquid’s exploration of a U.S. expansion suggests a strategic initiative to tap into the American market despite existing regulatory barriers. The involvement of regulatory bodies like the SEC indicates that the exchange is actively seeking a compliant path for its services in the U.S. Market pricing suggests a cautious outlook, with the current odds of Hyperliquid reaching $100 by the end of 2026 standing at 13.5% YES. What to Watch Observers will be keen to see how U.S. regulators respond to Hyperliquid’s proposed expansion plans and whether they will require the exchange to adopt new compliance measures. Key developments to watch include any announcements from Hyperliquid regarding partnerships or regulatory approvals that could impact their market trajectory. Changes in the odds for Hyperliquid’s price targets, particularly any significant shifts, may indicate evolving market sentiment in response to these regulatory discussions.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 13.5% — — View market → January 1 2027 4.1% — — View market → January 1 2027 3.1% — — View market → January 1 2027 27.5% — — View market → January 1 2027 8.9% — — View market → January 1 2027 3.4% — — View market →
Zlato (XAU/USD) kleslo k 4 400 USD, protože napětí mezi USA a Íránem převažuje nad podporou ze strany mírné americké inflace. CPI v červenci meziročně vzrostl o 3,4 % a jádrový CPI o 2,5 %.
Gold price (XAU/USD) declines to around $4,400 during the early Asian session on Thursday, pressured by escalating geopolitical tensions between the United States (US) and Iran. However, the potential downside for the precious metal might be limited as a tame reading of US inflation eased pressure on the US Federal Reserve (Fed) to raise interest rates as soon as next month.
A senior Iranian official said that Washington and Tehran remain at loggerheads over efforts to agree a permanent end to the war in the Gulf, adding that there had been no progress in talks to revive the interim deal agreed in June and define a time frame to implement it.
Renewed tensions in the Middle East and the continued closure of the Strait of Hormuz weigh on the yellow metal as it raises oil-driven inflation fears. “With the Strait of Hormuz still shut, upside inflation risks will remain top of mind for the foreseeable future,” said Seema Shah, chief global strategist at Principal Asset Management.
The latest US July Consumer Price Index (CPI) inflation moderated across a range of goods and services, cooling September Fed rate hike expectations. This, in turn, could help limit gold’s losses. Data released by the Bureau of Labor Statistics on Wednesday showed that the CPI increased 3.4% YoY in July, versus 3.5% prior. Excluding food and energy, the so-called core CPI increased 2.5% YoY in July, compared to 2.6% in June. Both readings came in line with expectations.
Interest-rate swaps are now pricing in nearly a 40.1% odds of a Fed hike in September, though the odds on an October move fell to about 60% from 75% a day earlier, with the next increase fully priced for December, according to the CME FedWatch tool.
Gold upside persists as US CPI fails to revive Fed hike betsAccording to TD Securities, “precious metals maintain upside” as the latest US CPI release “did little to reignite the Fed hike pricing.” The bank notes that “recent price action highlights the gold market is increasingly not expecting hikes,” underscoring a supportive backdrop for bullion even as investors reassess the policy outlook in light of softer inflation dynamics.
Technical Analysis: Gold keeps a bullish vibe in the near term
In the daily chart, XAU/USD holds a bullish near-term bias as it extends above the 100-day simple moving average (SMA) and remains comfortably over the Bollinger Bands’ 20-day middle line, suggesting a well-supported uptrend structure. Price is now pressing the upper Bollinger band, while the Relative Strength Index (14) at 67.51 flirts with overbought territory, hinting that the latest advance is strong but increasingly stretched.
On the topside, immediate resistance is defined by the Bollinger upper band at $4,410, where a sustained break would open the way to further gains. On the downside, initial support is seen near the current area, with the 100-day SMA at $4,390 acting as the first meaningful floor, ahead of the Bollinger middle band at $4,140; a deeper pullback toward the lower band at $3,865 would only come into focus if the bullish structure starts to unwind.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Pump.fun láká špičkové tradery z FOMO podpisovým bonusem $20 000 a měsíční platbou $30 000 za exkluzivní přechod. Smlouvy vyžadují i uzavření účtů u FOMO a minimální měsíční objem obchodů $25 000.
Pump.fun is writing checks to steal its rival’s best traders. Leaked contract details show the Solana-based memecoin launchpad is offering top traders and key opinion leaders from competitor FOMO a $20,000 signing bonus and $30,000 in monthly payments to switch platforms exclusively.
What the contracts actually require The leaked agreements, which surfaced publicly around August 8, lay out a clear set of obligations for anyone taking the money. Recruits must fully migrate their existing funds and positions to Pump.fun, close their FOMO accounts entirely, and trade exclusively through a new Pump.fun wallet.
There’s also a social media component. Traders are required to link their public X accounts, effectively tying their online identity to the platform. A minimum monthly trading volume of $25,000 is baked into the deal.
The exclusivity clauses raise a separate question. When a trader who makes public recommendations is contractually bound to a single platform, the line between genuine market commentary and paid endorsement gets blurry fast. Legal observers have noted that such recruitment structures are generally permissible within the industry.
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Why Pump.fun is spending aggressively right now The timing isn’t accidental. FOMO has been on a tear, posting six consecutive weeks of all-time high trading volumes exceeding $2 million weekly. The rival platform also briefly overtook Pump.fun in daily fee generation in early August, a metric that tends to reflect genuine user activity rather than just speculative noise.
Pump.fun responded on multiple fronts nearly simultaneously. On August 7, the platform rolled out new interactive social trading features designed to boost daily active users. The recruitment push complements that product update by ensuring the new features have high-profile traders actually using them.
The platform operates a fee-free model for traders, relying instead on a bonding-curve mechanism to drive memecoin launch activity.
There’s also the $PUMP token to consider. Pump.fun has designed its native token to capture half of the protocol’s revenue through buybacks, creating a direct financial link between platform activity and token value. In the month before these contracts leaked, $PUMP had already climbed roughly 87%.
The economics of poaching traders A single top trader costs Pump.fun $20,000 upfront plus $360,000 annually at the $30,000 monthly rate. That’s $380,000 per year per recruit.
Whether the math works depends on retention. If traders take the signing bonus, hit the minimum volume for a few months, and then quietly reduce activity, Pump.fun is left paying premium rates for diminishing returns. The $25,000 monthly volume floor provides some protection, but it’s a low bar for someone earning $30,000 per month in guaranteed compensation.
What this means for the memecoin platform wars For $PUMP token holders, the recruitment push is a double-edged sword. More high-profile traders should mean more volume, which means more revenue, which means more buybacks supporting the token price. But the cost of acquisition eats into the revenue available for those buybacks. An 87% price increase in a single month already prices in a lot of optimism.
Traders considering the offer face their own calculation: guaranteed income versus the reputational risk of being publicly tied to a single platform through an exclusivity deal. Signing a contract that requires closing rival accounts and linking your X profile isn’t exactly a subtle arrangement.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Podíl pump.fun na poplatcích launchpadů se po červencovém propadu z 27 % vrátil na 51,7 % v týdnu do 11. srpna. Za 30 dní do 11. srpna mu poplatky vzrostly o 30 % na 31,83 milionu USD.
Two launchpads on Robinhood Chain cut pump.fun's share of launchpad fees from 80% to 27% in two weeks. Pump.fun's fees are up 30% over 30 days anyway, because the category grew 77% around it. Memecoin prices did not participate.
A wave of launchpads on Robinhood Chain took most of pump.fun's share of the token-launch business in the first two weeks of July. Still, pump.fun is now earning more per week than before they arrived.
The launchpad business grew faster than pump.fun lost ground in it. Weekly fees across the launchpads DefiLlama reports went from about $7 million in late June to roughly $18 million by mid-July and have stayed there, while pump.fun's own weekly take climbed to a 90-day high. Growth in the memecoin space came almost entirely from Robinhood Chain, whose mainnet opened six weeks ago, and it has since begun to reverse.
Fees Nearly DoubledLaunchpads collected $75.39 million in fees over the 30 days to Aug. 11, against $42.53 million in the 30 days before that, June 13 to July 12, a 77% increase, according to The Defiant's calculation from DefiLlama's daily fee data. The comparison covers all 125 launchpads for which DefiLlama reports fees.
Pump.fun took $31.83 million of the July 13 to Aug. 11 total, against $24.45 million in the June 13 to July 12 window, a 30% increase. Its share of the category fell to 42.2% from 57.5%.
The weekly series is sharper. In the week to June 30, pump.fun collected $5.63 million of the category's $7.10 million, or 79.4%. In the week to July 14, it collected $5 million of $18.71 million — 26.7%. In the week to Aug. 11 it collected $9.21 million of $17.83 million, or 51.7%, its largest weekly haul in 90 days.
Two products caused the July collapse in share.
The first was NOXA, a launchpad and DEX that reached Robinhood Chain before the chain reached the public. Its Robinhood Chain factory went live on June 16, two weeks before the chain's public mainnet, and earned a few hundred to a few thousand dollars a day through the end of the month. Fees crossed $99,000 on July 1, ran between $24,000 and $71,000 for the next week, then jumped to $2.22 million on July 8. They peaked at $2.33 million on July 11. NOXA charged a 1% swap fee, so that implies roughly $233 million of trading in a day on a chain then 10 days old.
That day NOXA switched its own launchpad off, and said the reason was that too many people were using it. On July 11, nine seconds after the last token launched through it, the deployer wallet dev.noxa.eth called setLaunchEnabled(false) on the launch factory, according to Robinhood Chain's Blockscout explorer. About a minute later its account posted: "you folks have been vocal about the constant new token spam, vamps, and we identified some bots spamming and copying new tokens every hour." It called the shutdown temporary. "we are finding a workaround for this issue and we have decided to temporarily disable new launches while we work."
Every launch attempted since has reverted.
The second was Pons. Ozzy, the developer who posts as @MEADGod, deployed its first factory on July 13, two days after NOXA stopped accepting launches. "I built a launchpad for Robinhood Chain because the existing ones were extracting without taking care of their communities," he wrote 10 minutes before the second deployment.
Pons charges the same 1% pool fee NOXA charged, plus a 0.0005 ETH launch fee, and splits the pool fee 70% to the creator and 30% to the protocol for tokens launched through the current factory, per its documentation. The 11 hours of launches that went through the first factory keep a 90/10 split in the creator's favor. Eighty percent of the protocol's share funds a PONS buyback and burn. Pons has produced $19.80 million in fees across its two versions in 30 days, more than every launchpad except pump.fun.
Pons Peaked In JulyPons' first version peaked at $1.54 million of fees on July 21 and took about $340,000 on Aug. 11, a decline of 78%. It has generated $18.89 million all-time and $5.03 million of protocol revenue, per DefiLlama.
Ozzy deployed a second version on Aug. 3, and it began recording fees the next day. Contract reads against the PonsV2LaunchFactory return a 1% curve fee, a 1% post-graduation fee, a 30% protocol share, an optional creator tax capped at 10%, and a 99% opening buy tax that decays over three seconds. Version two spends 50% of the creator's residual buying back the launched token rather than PONS, and vests what it buys over five years instead of burning it. It took about $148,000 in fees on Aug. 12.
Uniswap Takes No CutUniswap Labs opened pools.trade on Aug. 5 on the same chain, with no launchpad fee at all. Each token opens a Uniswap v4 pool with a 0.25% LP fee that autocompounds into a position the creator cannot withdraw; creators can switch on a cut of 0.05% of those 25 basis points. Uniswap's announcement calls that "a fraction of the standard ~1% on other launchpads."
Pump.fun's own fee schedule is the standard Uniswap is pricing against: 1.25% on the bonding curve, split 0.95% to the protocol and 0.300% to the creator. Creating a coin is free; graduating one to PumpSwap costs 0.015 SOL, after which a tiered schedule takes over and the total fee falls as the token's market capitalization rises.
Pools took $266,668 in fees on launch day, its highest since. By Aug. 11 that was $36,390, down 86%. Its 30-day total is $806,000, against $19.80 million for Pons. On Aug. 11 the first version of Pons alone took $343,432, nine times what Pools did. DefiLlama has recorded fees for the Pools contracts since July 31, five days before the interface opened. The Defiant reported that Pools out-launched Pons on its first day with 10,506 tokens against 7,210, and that Pools’ flagship token FRONG was minted six days before the product opened.
PONS has risen 160% in the week since. It traded at $0.05072 at 17:20 UTC on Aug. 12, with a market capitalization of $36.9 million, up 19.3% over 24 hours and 23.6% below its July 27 record, according to CoinGecko. UNI traded at $3.52, down 14.5% on the week.
Four days before launching a competitor on Robinhood Chain, Uniswap's account replied to Pons' with "Powered by Uniswap". Neither Ozzy nor the Pons account has posted about pools.trade.
Every Solana Rival ShrankSolana-based launchpads competing with pump.fun are smaller now than they were a month ago. Trading fees paid by users fell 65% on Bags, 56% on Meteora's Dynamic Bonding Curve, 44% on BONK.fun and 85% on EasyA Kickstart. Four.meme on BNB Chain fell 23%. Each falls by within a point of the same amount measured on protocol revenue instead, and SOL and BNB were flat between the two windows, so the declines are activity rather than price.
Their launch counts fell with them. Over the 30 days to Aug. 10, Bags created 923 tokens, down 78.5%; LetsBonk 4,039, down 34.3%; Jupiter Studio 347, down 45.5%, according to Dune data published by The Block. Pump.fun created 872,202, up 3%, and 99.3% of all tokens launched on Solana.
Growth outside pump.fun came from chains pump.fun does not operate on. Flap.sh on BNB Chain grew 209% to $5.51 million. The o1 Launchpad, which runs mostly on Base, grew from $12,698 to $982,481 after its July 3 launch. The four largest new entrants of the period — Pons, StonkBrokers, LetsCash and Uniswap Pools — all launched on Robinhood Chain.
Robinhood Chain Caught SolanaLaunchpad fees on Solana and on Robinhood Chain over the 30 days to Aug. 11 were $33.61 million and $33.49 million. Solana's grew 18%; Robinhood Chain's grew 236% against a prior 30 days in which it had produced $9.97 million, its own first month. BNB Chain took $6.62 million, up 88%. Base took $1.44 million.
Robinhood Chain's weekly launchpad fees peaked at $11.95 million in the week to July 14 and were $7.07 million in the week to Aug. 11. Solana's ran to $9.59 million, its highest of the 90-day window. On the narrow measure of who is taking money from token launches, Solana is winning again.
Robinhood Chain generated $100.2 million in application fees over 30 days against Solana's $233 million and Base's $39.6 million, per DefiLlama. Over the 30 days to Aug. 12 it did $16.58 billion in DEX volume against $4.49 billion the month before. Solana did $46.41 billion over the same window, down 25%. The Defiant reported in July that Robinhood Chain overtook Base on daily active users three weeks after launch.
The Fight For The TraderOne of the fastest-growing competitors for pump.fun's users on Solana does not launch tokens at all.
FOMO, a social trading app built by FOMO Labs, took $9.76 million in fees over the 30 days to Aug. 11, up 172% from $3.58 million in the 30 days before that. Its revenue over the seven days to Aug. 11 was $3.01 million, more than double the $1.34 million it made in the week to July 11, and above Phantom's $1.51 million and Jupiter's $0.96 million over the same week. Its daily revenue record, $544,444, was set on Aug. 6.
FOMO charges "a minimum fee of 0.50% per transaction (subject to a minimum fee of $0.95 per transaction)," according to its terms of service. It sells copy-trading, a leaderboard, and Apple Pay onboarding. It raised a $75 million Series B led by Index Ventures in June, and says more than 625,000 people have joined and traded over $4 billion. It has no token and no launchpad.
The competition pump.fun faces on Solana is now for the trade rather than the mint, and pump.fun has answered by widening its own app. On July 8 it made Robinhood Chain tokens tradable inside the pump.fun app with no bridging, which The Defiant covered as CASHCAT trading built. Alon Cohen, the pump.fun co-founder who posts as @a1lon9, wrote that "the pump fun app is not just for pump fun coins, it covers all of your crosschain trading."
Fewer Coins, Better OddsThe share of pump.fun tokens that graduate from the bonding curve averaged 2.82% in the first 11 days of August and 2.55% in July, against 0.86% in June and 0.62% in September 2025, per Dune data published by The Block. Launches rose over the same stretch, ruling out a shrinking denominator.
Pump.fun has taken $1.17 billion in fees and $1.083 billion in revenue since March 2024. In April it committed half of revenue to buying back and burning PUMP for a year, after burning roughly $370 million of previously repurchased tokens, about 36% of circulating supply at the time. DefiLlama has attributed $17.9 million of revenue to holders over the past 30 days.
Memecoins Did Not Come BackNone of this reached memecoin prices.
The memecoin sector was worth $25.15 billion on Aug. 12, according to CoinGecko, or 1.11% of the $2.27 trillion crypto market. CoinGecko's own research puts the sector's peak at $150.6 billion in December 2024. The sector is 83% below that. It is roughly flat over 30 days and down about a third over 90, by The Defiant's calculation from CoinGecko market-cap history for the category's 16 largest constituents, which hold 80% of its value.
Of the 20 largest memecoins excluding wrapped duplicates, seven are up over 30 days. BONK is down 42%, SPX6900 down 15%, FLOKI down 7%, TRUMP down 7%, WIF down 7%, FARTCOIN down 6%, DOGE down 2%. Across the 5,774 memecoins CoinGecko prices with a market capitalization, 34% are higher than a month ago and the median one sits 99% below its record, by The Defiant's count.
The exception is PUMP, up 83% over 30 days to $0.00273 and a $1.07 billion market capitalization, per CoinGecko. It remains 69% below its September 2025 high. It is the token of the business this story is about, with buybacks funded from that business's revenue.
The launch business is bigger, better-monetized and more contested than it was in June. The sector its output belongs to is worth 83% less than at its peak.
Zakladatelé Boltz odstupují a nejmenovaná skupina veteránů Bitcoinu přebírá pozastavenou bitcoinovou swapovou službu. Společnost mezitím stále řeší zranitelnosti po útocích, které jí způsobily ztráty.
The service remains offline while incoming operators work to fix vulnerabilities; Boltz said attacks caused losses to the company.
Boltz’s original founders have stepped down, and an unnamed group of “veteran Bitcoiners” has agreed to take over the suspended Bitcoin swap service, the company said Wednesday.
The incoming operators will provide capital and engineering resources, while work to find and fix vulnerabilities is underway, according to Boltz. The company said it was withholding the group’s names for now and that the goal was to restore swaps “as soon as possible.”
All original founders left the company effective immediately and will have no formal or authoritative role in the project, Boltz said. Any future participation by them in its open-source software would be voluntary.
Boltz said it suspended the service on Aug. 3 after AI-assisted attackers targeted it with increasing frequency, intensity and sophistication over several months. The company said several attacks succeeded and caused losses, but that user funds were never at risk because the service is non-custodial.
In its Aug. 3 outage notice, Boltz said attackers were iterating faster than its team could find and patch flaws. On Wednesday, it described itself as a bootstrapped five-person startup that lacked the resources to withstand the attacks over the long term.
Swaps Remain OfflineAs of Wednesday, the Boltz web app still displayed “Swap Services Disabled.” The outage notice said the API remained available for cooperative refunds and that unilateral refunds did not depend on Boltz infrastructure. Boltz also said its support team remained reachable.
Boltz’s API documentation says clients use its REST API to query supported pairs and to create and monitor swaps. Its official software supports swaps involving Lightning, bitcoin and Liquid bitcoin; a broader reference library also lists RBTC, WBTC, USDT and USDC among supported currencies.
The documentation lists Aqua Wallet, Bull Bitcoin Mobile, Klever Wallet and Misty Breez as users of Boltz-related libraries. New swaps remained unavailable at the reporting cutoff.
Americké spotové Bitcoin ETF za týden pohltily asi 13 300 BTC, tedy více než čtyřnásobek nově vytěžených mincí. Přesto cenu brzdil prodejní tlak, včetně prodeje 1 638 BTC společností Strategy.
U.S. spot Bitcoin ETFs absorbed about 13,300 BTC last week, more than four times the roughly 3,150 BTC newly created by the network.
Bitcoin moved toward the top of its range last week as institutional demand through U.S. spot ETFs strengthened. Cooler employment data reduced expectations for an immediate Federal Reserve rate hike, but persistent selling pressure kept the move contained.
The stronger ETF demand was reflected in $865.3 million of net inflows across five straight sessions, the funds’ strongest weekly showing since April. According to a recent Bitfinex Alpha report, the funds absorbed about 13,300 BTC during the period. That was more than four times the roughly 3,150 BTC newly created by the network.
ETF Inflows Return, But Sellers Push Back BlackRock’s IBIT and Fidelity’s FBTC accounted for much of the ETF activity. Ether-focused ETFs also recorded $243.7 million in inflows, extending their weekly streak and showing that demand was not limited to Bitcoin.
The renewed demand came as broader risk assets also moved higher amid easing tensions and falling oil prices. The S&P 500 rose 3.58% for the week, while Bitcoin gained slightly more than 2%, indicating that other sources of supply continued to weigh on its price.
One notable source of that supply came from Strategy, which disclosed the sale of 1,638 BTC for approximately $104.7 million. The company sold the coins at an average price of about $63,957 and said it would use the proceeds for preferred dividends and a discounted share repurchase.
Strategy’s sale adds to a broader supply overhang visible on-chain around Bitcoin’s current trading range. An estimated 1.79 million BTC have cost bases between $62,000 and $65,000, creating potential selling pressure as the price moves through the band.
Why the Macro Picture Remains Mixed U.S. labor data added to the macro backdrop, with July payrolls falling by 23,000 and earlier figures revised lower. The three-month average job gain dropped to about 20,000, while unemployment reached 4.1% as participation declined.
You may also like: Bitcoin Rebound Faces Risk as Futures Demand Outpaces Spot Buying: Analysts Only 90 Bitcoin Wallets Hold 10K+ BTC: And That Number Just Hit a 6-Month High BTC Price Drops Below $64K as Peter Schiff Urges Investors to Sell Bitcoin Initial jobless claims remained low, indicating that the labor market was cooling rather than collapsing. Futures markets lowered the probability of a September rate hike to 43.9%, while Treasury yields and the dollar eased.
However, long-term borrowing costs stayed high, with the 30-year Treasury yield above 5.2% amid inflation concerns and heavy government borrowing. Bitfinex said Bitcoin could break above $65,000 if ETF demand remains strong while inflation and long-term yields ease.
OptimizeRx Corp. (OPRX - Free Report) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +45.46%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced earnings of $0.14, delivering a surprise of +1300%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
OptimizeRx, which belongs to the Zacks Computer - Software industry, posted revenues of $20.5 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.11%. This compares to year-ago revenues of $29.19 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
OptimizeRx shares have lost about 43.6% since the beginning of the year versus the S&P 500's gain of 12.9%.
What's Next for OptimizeRx?While OptimizeRx has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for OptimizeRx was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.24 on $25.92 million in revenues for the coming quarter and $0.91 on $97.89 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Software is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Synopsys (SNPS - Free Report) , another stock in the same industry, has yet to report results for the quarter ended July 2026. The results are expected to be released on August 26.
This maker of software used to test and develop chips is expected to post quarterly earnings of $3.68 per share in its upcoming report, which represents a year-over-year change of +8.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Synopsys' revenues are expected to be $2.44 billion, up 40.3% from the year-ago quarter.
Bank of Montreal ve svém posledním hlášení 13F-HR zveřejnila expozici vůči XRP přes ETF. V portfoliu za více než 303 miliard USD držela 323 akcií Rex Osprey XRP ETF a 20 akcií ProShares Ultra XRP ETF.
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Canada's second-largest bank, Bank of Montreal (BMO), has disclosed positions in XRP-focused financial vehicles. The information appears in its latest quarterly Form 13F-HR filing submitted to the U.S. Securities and Exchange Commission (SEC).
The new filing officially confirms the presence of XRP within BMO's massive investment portfolio, whose total value exceeded $303 billion at the end of June 2026. Specifically, the bank's reportable positions include 323 shares of the Rex Osprey XRP ETF and 20 shares of the ProShares Ultra XRP ETF.
Text file showing XRP ETF from Rex Osprey on Bank of Montreal's balance sheet, Source: Form 13F-HR filingThe bank did not purchase tokens directly on exchanges. Instead, it used regulated U.S. infrastructure in the form of spot and derivatives-based ETF products, allowing it to integrate the volatile token into a giant portfolio within a familiar legal framework and without direct custody risks.
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For Canada's banking sector, this is becoming a systemic trend. Earlier in the same reporting period, National Bank of Canada disclosed a holding of 3,848 shares in the Bitwise XRP ETF, worth approximately $330,000.
Conservative capital has effectively developed a single playbook: entering the cryptocurrency market selectively and through transparent funds.
New force behind institutional XRP accumulationAt the same time, 13F filings revealed a "changing of the guard" among XRP holders. Major first-wave players led by Goldman Sachs, which held positions worth more than $150 million around the turn of 2025–2026, had reduced or fully exited them by the summer, locking in profits.
However, they were replaced by a group of midsize asset managers and family offices, including Arax Advisory Partners, Gerber, Vista Finance and Gallacher Capital.
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These new investors are taking a more flexible approach, splitting capital between traditional spot funds, such as the Franklin XRP Trust and Bitwise, and short-term leveraged instruments such as the ProShares Ultra XRP ETF.
Because 13F filings are published with a 45-day delay, they provide only an interim snapshot. Nevertheless, BMO's filing officially confirms that XRP is now on another top bank's balance sheet.
Ripple může pokračovat v institucionální expanzi i přes další zpoždění amerického CLARITY Act. Firma už má podmíněně schválenou národní trust bank charter od OCC.
Ripple could move ahead with its institutional strategy even as the CLARITY Act faces fresh delays in the US Senate, according to leading crypto researcher SMOKE. SMOKE emphasized that while ongoing regulatory uncertainty poses challenges for digital assets, Ripple’s expansion need not remain on hold.
Alternative regulatory pathwaysThe CLARITY Act is a proposed bill that would create comprehensive digital asset regulations in the US, including clearer guidance on token classification and expanded federal oversight. Although such legislation could offer crucial certainty to the entire crypto industry, analysts point out that it is not the exclusive path to regulatory legitimacy for blockchain firms.
Ripple, a US-based blockchain payments company best known for its XRP token, has already secured a conditional national trust bank charter from the Office of the Comptroller of the Currency (OCC). The OCC granted this approval in December 2025, paving the way for Ripple to potentially operate as a federally supervised trust bank.
Mini dictionary: Office of the Comptroller of the Currency (OCC), a US federal agency that supervises and regulates national banks and federal savings associations, ensuring their soundness and compliance with federal laws.
A federally licensed trust bank structure could position Ripple more strongly with regulated financial businesses. This development could be especially relevant for institutional custody, stablecoin issuance, and RLUSD reserve management—key areas for the company’s growth outside traditional payments.
Conditional progress and broader industry impactSMOKE maintains that if Congress continues to stall on the CLARITY Act, Ripple’s conditional OCC charter can still serve as an important avenue for regulatory advancement. However, the approval remains provisional, meaning Ripple does not yet function as a fully established national bank. Moreover, OCC oversight applies specifically to Ripple’s trust bank, and cannot replace broad industrywide rules that only federal legislation can deliver.
Both the CLARITY Act and the OCC charter could ultimately complement each other. The former would address digital asset regulation at the national level, while the latter offers Ripple a firm-specific regulatory path. Ripple could stand to benefit if both initiatives move forward, gaining both market clarity and an upgraded regulatory infrastructure.
InitiativeScopeStatusPotential Benefit for RippleCLARITY ActAll US digital asset companiesDelayed in US SenateClear federal rules for industryOCC CharterRipple-specificConditionally approved (Dec 2025)Federal trust bank operationsUS regulatory outlook and ongoing expansionMeanwhile, the US Securities and Exchange Commission is evaluating new regulatory strategies for digital assets. Lawmakers are expected to revisit the CLARITY Act after the Congressional recess in August, but prospects for swift passage remain uncertain as attention turns to September.
SMOKE describes Ripple’s regulatory strategy as multi-pronged, arguing that the company can keep building across payments, stablecoins, tokenization, and custody, regardless of congressional delays.
Despite legislative uncertainty, XRP adoption and Ripple’s infrastructure development can continue. The company’s expansion in institutional sectors and cross-border transactions could drive new opportunities for both XRP and the XRP Ledger network.
Ripple’s path is not contingent on the CLARITY Act passing. Should federal crypto legislation advance, Ripple could eventually benefit from having both a broader regulatory framework and its own bank charter. Until then, the company can pursue its ambitions and the use of XRP does not need to pause.
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.
Ripple má ve Velké Británii autorizaci FCA, což může podpořit širší tokenizaci zlata na XRP Ledgeru. Assetiko už na síti spustilo zajištěný pool v hodnotě 3,08 milionu USD.
Tokenizing precious metals on public blockchains has gained momentum in 2026. Ripple‘s XRP Ledger, known for its speed and cost-effectiveness in cross-border payments, was an early entrant in this trend. In 2024, Meld Gold, a specialist in digital gold products, introduced the first batch of tokenized gold shares on the XRP Ledger. Despite this innovation, the amount of gold involved remains modest, with about 1,000 ounces accounting for a few million dollars in assets.
Assetiko expands XRP Ledger tokenizationFollowing Meld Gold’s initiative, Assetiko, a digital asset tokenization platform with a larger gold reserve, implemented a similar strategy. The company released approximately 1,524 certified ounces of gold, establishing an XRP-based collateral pool valued at $3.08 million. Assetiko’s move signaled an ambition for larger-scale tokenization, raising the prospect of multi-billion dollar on-chain gold reserves if broader institutional adoption occurs within the UK.
Crypto analyst SMQKE examined this dynamic and highlighted the connection between ongoing tokenization efforts and new regulatory developments in the UK. SMQKE stated on X that XRP Ledger has the capabilities to tokenize gold and emphasized that Ripple operates as an FCA-authorized fintech firm in the country.
SMQKE observed that Ripple holds formal FCA authorization in the UK, which enables XRP Ledger to potentially support large-scale gold tokenization projects within the United Kingdom’s financial system.
Mini dictionary: FCA (Financial Conduct Authority), the financial regulatory body in the United Kingdom, oversees the conduct of financial services firms and markets to ensure integrity and protect consumers.
Potential UK gold market transformationThe United Kingdom’s Financial Conduct Authority reportedly is considering plans to allow over 70% of the country’s gold reserves to be moved on-chain. The objective is to strengthen London’s position in global gold trading and respond to increased competition from markets in Shanghai and Hong Kong. If the FCA advances this initiative and leverages the XRP Ledger, tokenization efforts could scale from millions to billions of dollars, fundamentally altering gold reserve management in the region.
A decision by the UK to deploy a large portion of its gold reserves on-chain would mark a major institutional endorsement for XRP Ledger and the broader blockchain-based asset tokenization sector. The integration of gold tokenization infrastructure is projected to move significant capital into the digital asset space, making practical factors such as user adoption and operational scalability the next hurdles for progress.
ProjectGold Tokenized (ounces)ValueBase TechnologyMeld Gold~1,000A few million USDXRP LedgerAssetiko1,524$3.08 millionXRP LedgerPotential UK FCA InitiativeOver 70% of UK gold reservesBillions USD (projected)XRP Ledger (proposed)Ripple advances UK strategy after regulatory approvalRipple, a San Francisco-based payments technology company, has recently strengthened its regulatory position in the UK. The company secured an Electronic Money Institution (EMI) license and received registration as a cryptoasset business, updating its compliance with the latest UK financial services framework. These regulatory clearances have enabled Ripple to expand its payment operations inside the UK market.
With established regulatory backing, Ripple is positioned to support a potential transition toward tokenized assets in the UK. As regulatory and technical questions give way to considerations of demand, market adoption will determine the pace and scale of blockchain-based gold reserves in the United Kingdom.
Ripple’s recent regulatory approvals have paved the way for integrated growth of payment services and asset tokenization initiatives across the UK financial sector.
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.
Počet peněženek s více než 1 milionem XRP vzrostl za poslední tři měsíce o 32, i když tržní kapitalizace sítě klesla o 29 %. XRP Ledger zároveň hostí přes 212 milionů USD v tokenizovaných amerických státních dluhopisech.
The XRP Ledger is drawing renewed attention from major investors, as institutional activity grows despite broader market weakness. Data from blockchain analytics firm Santiment Intelligence revealed that the number of wallets holding over 1 million XRP increased by 32 in the past three months, even as the network’s total market capitalization contracted by 29% during the same period.
Whale accumulation defies market downturnThis divergence between wallet growth and declining market cap suggests that some large holders are actively accumulating XRP, potentially taking advantage of lower prices while the broader market trends downward. Such accumulation by major investors can often precede renewed market interest or signal confidence in the asset’s long-term prospects.
XRP’s price performance over the summer showed relatively limited gains. However, strategic developments in Ripple’s ecosystem may be shaping the asset’s future narrative. Ripple, the technology company behind the XRP Ledger, is recognized for its global payment network and ongoing expansion into blockchain products targeting financial institutions. The firm is advancing its stablecoin, custody, and tokenization services, which some analysts consider key drivers for future adoption.
XRP Ledger is seeing ongoing accumulation of large wallets, with over 32 new million-XRP holders emerging in the past three months, despite a 29% drop in total market value.
The ongoing growth in the number of high-balance wallets is closely watched by market participants aiming to identify the next potential move for XRP. This trend could influence trading strategies and investment decisions as sentiment shifts in the digital asset market.
Institutional adoption and tokenized TreasuriesWithin the XRP Ledger ecosystem, RLUSD has established itself as a notable institutional stablecoin. Ripple continues to broaden its payments infrastructure, offering enterprise-level custody and advancing tokenization initiatives designed to bridge traditional finance into blockchain-based systems. These efforts are increasing blockchain utility and positioning the XRP Ledger as a potential settlement layer for large-scale financial institutions.
One of the most significant institutional moves includes the integration of tokenized US Treasuries on the XRP Ledger. BlackRock, the world’s largest asset manager, has positioned tokenization at the forefront of financial innovation. CEO Larry Fink recently described tokenization as “the next generation for markets.” This statement aligns with the ongoing rollout of tokenized Treasury products by companies such as Ondo Finance on XRPL.
Ondo Finance, a blockchain firm specializing in institutional DeFi solutions, has issued the OUSG token on XRP Ledger, providing on-chain access to US Treasury assets. These assets are secured through the BlackRock BUIDL fund, bringing approximately $212 million in tokenized Treasuries onto the network.
Mini dictionary: Ondo Finance, a company providing decentralized financial tools for institutions, enables access to traditional assets like US Treasuries on blockchain networks through tokenization.
BlackRock’s CEO Larry Fink refers to tokenization as a transformative step for markets, as XRP Ledger already hosts over $212 million in tokenized Treasuries through projects like Ondo Finance’s OUSG.
This milestone signals XRP Ledger’s capacity to support asset tokenization at scale, offering rapid settlement, continuous availability, and compliance-focused infrastructure that appeals to institutions looking to bridge traditional assets onto decentralized platforms.
XRP Ledger’s institutional story builds momentumAs more companies seek efficient blockchain-based settlement solutions, tokenized Treasury products could become a key link connecting traditional finance and decentralized markets. While BlackRock and other major traditional players articulate their vision for the future, XRP Ledger is already implementing solutions that demonstrate the practical use of tokenized assets.
Market observers suggest that continued accumulation by large holders, increased adoption of Ripple’s payment technology, and growing tokenization activity will reinforce the narrative around XRP Ledger as a critical settlement layer for institutions.
However, the trajectory of XRP’s price will likely depend on whether sustained buying momentum emerges. If large-scale buying gains pace, XRP could begin to recover, but increased selling pressure may continue to delay any substantial upward movement.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Circle National Trust custodies the backing, while published Bitcoin addresses and Chainlink Proof of Reserve provide onchain visibility; Arc support remains forthcoming.
Circle renewed its push for cirBTC as neutral institutional collateral in an Aug. 12 post, but the product is not a new launch. It has been live on Ethereum since June 8 and had only about 40 tokens outstanding at the time of review, compared with more than 116,000 WBTC and 97,000 cbBTC.
cirBTC exists onchain and can be minted and redeemed by eligible institutional participants, but distribution remains limited. An Etherscan page for the contract showed a maximum total supply of 40.01955869 cirBTC and 11 holder addresses. CoinGecko labels the asset “preview only” and says it is unavailable on the centralized and decentralized exchanges it tracks.
Circle says Circle Mint provides the institutional workflow for minting and redeeming cirBTC. Ethereum is currently the only live chain Circle identifies for the token; Arc is the next named deployment, with broader multichain support planned.
How the Backing WorkscirBTC is issued by Circle International Bermuda Limited, which Circle identifies as a Class F digital asset business regulated by the Bermuda Monetary Authority. The underlying bitcoin is held through Circle’s Bermuda affiliate and custodied by Circle National Trust for the exclusive benefit of cirBTC holders, according to Circle. The company describes Circle National Trust as a federally chartered national trust bank and qualified custodian supervised by the Office of the Comptroller of the Currency.
Circle’s June launch post also said the underlying BTC is segregated from the company’s corporate assets.
A Circle reserve dashboard timestamped Aug. 11 at 8 a.m. showed 40.02159077 cirBTC in supply against 42.5070808 BTC in reserves. The dashboard lists the BTC reserve addresses and their individual balances, allowing counterparties to inspect the holdings on the Bitcoin blockchain.
Circle says cirBTC uses Chainlink Proof of Reserve rather than a monthly attestation model. Chainlink describes the system as publishing verified reserve data onchain so users and protocols can monitor whether tokenized assets remain collateralized.
Circle’s neutrality claim is commercial rather than a claim of decentralized issuance. The company defines neutrality as not operating a competing centralized exchange, decentralized exchange or lending protocol. Minting and redemption run through Circle Mint, while Etherscan identifies the cirBTC token as a proxy contract.
A Long Way From WBTC and cbBTCCoinGecko put WBTC at 116,132 tokens in circulation and a $7.362 billion market capitalization at the time of review. Coinbase Wrapped BTC had 97,231 tokens in circulation and a $6.162 billion market capitalization.
The incumbents also have broader chain footprints. WBTC’s official site identifies Ethereum, Solana, Tron, BNB Chain, Base, Kava and Osmosis as native networks. CoinGecko lists cbBTC deployments on Ethereum, Base, Monad, Solana and Arbitrum.
cirBTC, by comparison, does not yet have a tracked CoinGecko price or market capitalization. For now, Ethereum is the only live chain Circle identifies, while Arc support is “coming soon,” subject to applicable regulatory approvals.
Nano Nuclear Energy Inc. (NNE - Free Report) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.28. This compares to a loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +32.14%. A quarter ago, it was expected that this company would post a loss of $0.32 per share when it actually produced a loss of $0.18, delivering a surprise of +43.75%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Nano Nuclear Energy Inc., which belongs to the Zacks Alternative Energy - Other industry, posted revenues of $0.21 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 78.6%. This compares to zero revenues a year ago.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Nano Nuclear Energy Inc. shares have lost about 19.3% since the beginning of the year versus the S&P 500's gain of 12.9%.
What's Next for Nano Nuclear Energy Inc.?While Nano Nuclear Energy Inc. has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Nano Nuclear Energy Inc. was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.36 on $1 million in revenues for the coming quarter and -$0.93 on $2 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Alternative Energy - Other is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, FuelCell Energy (FCEL - Free Report) , is yet to report results for the quarter ended July 2026.
This fuel cell power plant maker is expected to post quarterly loss of $0.39 per share in its upcoming report, which represents a year-over-year change of +59%. The consensus EPS estimate for the quarter has been revised 16.2% higher over the last 30 days to the current level.
FuelCell Energy's revenues are expected to be $39.12 million, down 16.3% from the year-ago quarter.
Cerebras Systems oznámila rekordní tržby za 2. čtvrtletí ve výši 209,9 mil. USD a zvýšila celoroční výhled tržeb na 880 až 890 mil. USD. Firma zároveň dál rozšiřuje kapacitu datacenter i výrobu.
AMD and Cerebras Create A New Blueprint For HardwareCerebras Systems NASDAQ: CBRS reported record second-quarter core revenue and raised its full-year outlook, as the AI infrastructure company said it is expanding data-center capacity, manufacturing output and customer deployments to support anticipated growth beginning in 2027.
Chief Executive Officer Andrew Feldman said the company beat its guidance for core revenue, core gross margin and core operating margin during the quarter, which also included the completion of Cerebras’ public offering. Management characterized 2026 as a “foundation-building year” as it prepares to serve more than $25 billion in remaining performance obligations, or RPO.
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CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test“We delivered record core revenue and beat guidance on all metrics,” Feldman said. He added that the company expects to more than triple core revenue in 2027 and continue growing at multiples in subsequent years, based on progress in capacity, technology and customer additions.
Revenue Growth and Updated Outlook Chief Financial Officer Bob Komin said second-quarter core revenue was $209.9 million, up 103% from a year earlier. Core cloud and other services revenue rose 287% year over year to $127.7 million, while core hardware revenue increased 17% to $82.1 million.
AI Insider Activity: Are Sales Across 3 Key Stocks Noteworthy or Just Noise?Komin said cloud and services growth reflected the ramp of the company’s OpenAI deployment, greater usage from other cloud customers and timing related to hardware customers’ data-center expansions. He said the company has several late-stage hardware opportunities representing hundreds of millions of dollars, along with new cloud opportunities for 2027.
Core gross margin was 40.6%, up about 940 basis points from the prior-year quarter. Core cloud and other services gross margin was 41.8%, improving 1,600 basis points year over year. Core hardware gross margin was 38.8%, up 510 basis points from a year earlier. Core operating loss was $33.6 million, while core operating margin improved to negative 16% from negative 42% a year earlier. Management said sequential gross margin declined from 46.5% in the first quarter because Cerebras has temporarily rented back some of its systems from cloud customers to meet demand through its private cloud. Komin said this higher-cost rented capacity reduced second-quarter core gross margin by approximately 500 basis points.
The company expects the third quarter to be the low point for core gross margin before an anticipated improvement in the fourth quarter as it brings online more data centers using company-owned systems. Cerebras expects core gross margin to trend toward its target of more than 60% over time.
For the third quarter, Cerebras forecast core revenue of $214 million to $216 million, core gross margin of 38% to 40%, and core operating margin of negative 25% to negative 23%. For the full year, it raised its core revenue outlook to $880 million to $890 million, core gross margin guidance to 41% to 43%, and core operating margin guidance to negative 19% to negative 17%.
Capacity Build-Out Targets Data-Center Bottleneck Feldman said data-center space remains a bottleneck for both Cerebras and the wider AI industry. Over the past seven months, the company secured more than 600 megawatts of data-center capacity that is either operating now or contracted for delivery by the end of 2027. Its pipeline for further expansion is measured in gigawatts, he said.
The company listed capacity in Alabama, Dallas, Denver, Minneapolis, Santa Clara and Stockton, as well as sites in France, Finland, Manitoba, Montreal, Norway, Saskatchewan and Toronto.
Cerebras also said it is expanding manufacturing through Flex and Sanmina. Komin said manufacturing capacity was already four times above its level in the first half of 2025 and is expected to exceed a tenfold increase during 2026. The company has contracted facilities supporting an additional three to four times growth in 2027, Feldman said in response to an analyst question.
Management said its supply relationship with TSMC has secured wafers needed for planned growth. Feldman noted that Cerebras uses TSMC’s 5-nanometer node and does not use high-bandwidth memory, CoWoS packaging or 3-nanometer fabrication capacity, which he said reduces exposure to some industry supply constraints.
Inference Technology and Disaggregation Plans Feldman said Cerebras added support during the quarter for OpenAI’s GPT-5.6 Sol model and said the company can serve the model at ten times faster speed. He said supporting frontier models has given Cerebras additional insight that can inform its hardware and software roadmap.
The company also highlighted disaggregated inference partnerships with AMD and AWS. In a disaggregated setup, GPUs or other processors handle the prefill stage of inference, while Cerebras systems handle decode, the process of generating output tokens.
According to Feldman, the combined AMD Helios and Cerebras configuration is designed to maintain Cerebras’ speed while increasing throughput fivefold. He said higher throughput can increase tokens produced per system and per watt, potentially improving data-center economics and gross margins. Cerebras expects disaggregated inference using GPUs to be deployed and available in the fourth quarter, he said during the question-and-answer session.
The company plans to unveil its fourth-generation CS-4 system at its Supernova conference, while remaining on track to launch the CS-5 in the second half of 2027. Management expects new systems to double speed annually for the next several years and plans to increase throughput by more than 20 times over the next 18 months.
Customer Expansion and AWS Availability Feldman said Cerebras expects its offering to become generally available through AWS’s Amazon Bedrock platform in the first quarter of 2027. He said the company expects first hyperscaler revenue beginning in mid-2027, with a ramp through 2028 and beyond. The company’s $25.4 billion RPO at June 30 did not include backlog from AWS or other hyperscalers, management said.
Outside of OpenAI and hyperscalers, Cerebras signed six deals exceeding $30 million in the second quarter. The company cited new agreements with Figma, Cognition, Lovable, Block, AlphaSense, GSK and CrowdStrike.
Feldman said OpenAI is expected to remain a meaningful share of revenue next year, though AWS, coding companies and security applications are expected to become larger portions of the business over time. He also said the company sees emerging “neo-cloud” providers as a potentially important part of its business in 2027.
Cerebras ended the quarter with more than $8.6 billion in cash equivalents, restricted cash and marketable securities, along with an unused revolving credit facility of up to $850 million.
About Cerebras Systems (NASDAQ:CBRS)Cerebras Systems is a technology company focused on building artificial intelligence infrastructure, including hardware and software designed to accelerate deep learning and large-scale AI workloads. The company is best known for its wafer-scale processor architecture, which is intended to provide high-performance compute for training and inference applications.
In addition to its AI chips, Cerebras offers systems and related software tools that support researchers and enterprises working with machine learning models.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Virgin Galactic odložila první komerční lety do roku 2027 z dříve očekávaného konce roku 2026. Akcie po výsledcích v after-hours obchodování klesly o 14,55 %.
Virgin Galactic Holdings Inc (NYSE:SPCE) posted its second-quarter results after Wednesday’s closing bell. The company said that the first commercial space flights have been pushed into 2027, from the previously expected end of 2026.
SPCE stock is moving. Watch the price action here. Virgin Galactic Q2 Details Virgin Galactic reported quarterly losses of 50 cents per share, which beat the analyst consensus estimate for losses of 66 cents, according to Benzinga Pro data.
Quarterly revenue came in at $134,000. It beat the Street estimate of $127,000, but was down from $406,000 in the same period last year.
The company said that it expects free cash flow to improve beginning in the third quarter.
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“Our tranche of spaceflight expeditions priced at $750,000 was oversubscribed and booked out ahead of schedule, demonstrating strong demand from a wide range of customers. We expect to release a new tranche of spaceflight expeditions at higher price points this fall,” said CEO Michael Colglazier.
“Our first ship is now expected to enter commercial service in February 2027 rather than the fourth quarter of 2026, allowing additional time to complete avionics and systems installations. We expect to commence the flight test phase with this vehicle in October, and with our second spaceship planned to join the fleet in March 2027, we expect to deliver positive quarterly cash flow within 2027,” Colglazier added.
SPCE Stock Price Activity: According to data from Benzinga Pro, Virgin Galactic stock was down 14.55% to $2.82 in Wednesday’s extended trading.
Photo: Shutterstock
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Virgin Galactic (SPCE - Free Report) came out with a quarterly loss of $0.58 per share versus the Zacks Consensus Estimate of a loss of $0.6. This compares to a loss of $1.47 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +3.33%. A quarter ago, it was expected that this company would post a loss of $0.79 per share when it actually produced a loss of $0.81, delivering a surprise of -2.53%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Virgin Galactic, which belongs to the Zacks Aerospace - Defense industry, posted revenues of $0.13 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 34.00%. This compares to year-ago revenues of $0.41 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Virgin Galactic shares have added about 2.5% since the beginning of the year versus the S&P 500's gain of 12.9%.
What's Next for Virgin Galactic?While Virgin Galactic has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Virgin Galactic was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.64 on $0.19 million in revenues for the coming quarter and -$2.59 on $9.17 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Aerospace sector, AeroVironment (AVAV - Free Report) , has yet to report results for the quarter ended July 2026.
This maker of unmanned aircrafts is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of +6.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
AeroVironment's revenues are expected to be $474.57 million, up 4.4% from the year-ago quarter.
Faster consensus, even under load (CAP-83)Every few seconds, validators on the Stellar network agree on the next ledger. Today, part of that process requires validators to receive a full transaction set before they can make progress—and sharing those transaction sets across the network takes time.
CAP-83 lets validators begin voting before the transaction set has fully arrived, and gives them a clean, explicit way to drop a transaction set that is late or invalid instead of stalling while they wait for it. In practice that means consensus keeps moving even when transaction data is slow to propagate, which will improve throughput and help keep the network running smoothly at scale and at low cost. The full performance gains will be phased in after mainnet as parallel transaction-set downloading is gradually enabled.
Why you should care: This is a behind-the-scenes improvement—you don't need to change anything to benefit from it as it rolls out—but it's foundational. A faster, more resilient consensus process is what lets Stellar keep growing without getting slower. (Teams that consume raw ledger data directly should see the “Breaking changes” section of the upgrade guide, as the change adds a new value type they'll want to handle.)
Atomic upgrades for fleets of contracts (CAP-85)Many protocols deploy lots of copies of the same contract—a “fleet” that all share the same underlying code. When that shared code needs an upgrade (say, to ship a security fix), the admin has to update each instance one by one. For large fleets, that can't be done in a single transaction, which leaves a window where some contracts are running the new code and some are still on the old code.
CAP-85 introduces an externally managed executable: contracts can point to a shared, updatable code reference owned by another contract. Update that one reference, and every contract that points to it upgrades at once—atomically, no matter how large the fleet.
Why you should care: This is the Stellar equivalent of the “beacon proxy” pattern developers know from other chains. It makes managing large deployments dramatically safer and less error-prone, and it removes the risk of a partial upgrade leaving contracts in inconsistent states.
Migration-friendly contract data (CAP-86)As contracts evolve, their data structures often need to change—adding a field, removing an unused one, or extending a shared interface. Today the standard host functions that read and write these structures reject anything that doesn't match the exact expected shape, which makes evolving a live contract's data surprisingly hard and, in some known cases, has left contracts stuck.
CAP-86 adds new “sparse” host functions that handle missing or extra fields gracefully instead of failing. That gives developers a standard, supported way to migrate contract data to a new schema over time.
Why you should care: If you maintain contracts that you expect to upgrade over their lifetime, this makes schema changes safe and routine instead of a source of breakage. You'll get it by rebuilding against an updated SDK—no changes to how you write contracts. When the Protocol-28 versions of your SDK is out, make sure to check out the migration docs for more details.
Ford od roku 2030 přesune výrobu některých modelů Lincoln z Číny do USA. Šéf Jim Farley uvedl, že rozhodnutí urychlila cla a pravidla o propojených vozidlech.
The Lincoln Nautilus SUV is displayed at the Los Angeles Auto Show in Los Angeles, California U.S. November 29, 2017. REUTERS/Lucy Nicholson Purchase Licensing Rights, opens new tab
SummaryCompaniesFord plans to shift production of some Lincoln models to US from China beginning in 2030, CEO saysUS-produced models would be sold in US market, where China-built Lincoln Nautilus faces 52.5% tariffCEO Farley says tariffs drove Ford’s decision; rule banning some Chinese tech in US cars was also a factorDETROIT, Aug 12 (Reuters) - Ford Motor (F.N), opens new tab plans to move production of some Lincoln models from China to the U.S. beginning in 2030, Ford's CEO told Reuters on Wednesday, saying the move was difficult but necessary to strengthen the U.S. auto manufacturing base.
Gasoline-powered cars and electric vehicles imported from China are subject to hefty duties. The U.S. tariff on the Lincoln Nautilus, the main vehicle Ford imports from China, is 52.5%, Ford confirmed.
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“We made this decision as soon as the policy of the administration was set," Ford CEO Jim Farley said, referring to the tariffs. "We knew exactly what they wanted to do, and we knew exactly what it meant for Ford," Farley said in a joint interview with U.S. Commerce Secretary Howard Lutnick.
The U.S.-made Lincolns would be sold in the domestic market as part of a significant effort to scale up output, Farley said, although the company did not disclose where they would be produced.
Lutnick added: "Ford's got an edge. Domestic manufacturing has an edge."
Crosstown rival General Motors has announced it will move production of its Buick Envision to the U.S. from China starting in 2028.
Along with tariffs, automakers have faced restrictions under the Connected Vehicle Rule, which bans some Chinese technology and hardware in U.S. models. Farley said that both regulations prompted Ford to make the decision, although he pointed to tariffs as the driving factor.
Ford was one of several companies requesting authorization from the U.S. Commerce Department to continue selling vehicles potentially restricted under the rule. Automakers denied an authorization, such as EV company Polestar, face bans from selling certain products in the U.S. market.
A spokesperson for the Dearborn, Michigan-based automaker said on Wednesday that, after discussions with the Commerce Department, it realized the Lincoln Nautilus no longer needed an authorization to sell in the U.S.
The company had previously said the Nautilus software was developed in the U.S. but installed into the vehicle in China, requiring government approval to continue selling it in the United States. Ford sold about 34,000 Nautilus vehicles in the U.S. last year.
U.S. lawmakers have sought to further tighten prohibitions beyond those introduced in the Connected Vehicle Rule. One such push, approved by the U.S. Senate Commerce Committee in July, would bar companies that are more than 15% owned by Chinese entities from selling vehicles in the United States. If implemented, it would prevent Mercedes-Benz from selling new vehicles in the U.S.
Ford said the move announced on Wednesday builds on Lincoln's U.S. production base. Lincoln assembles the Navigator at a plant in Louisville, Kentucky, and the Aviator at the Chicago Assembly Plant, and exports both models to markets including Canada, Mexico and the Middle East.
Reporting by Nora Eckert; Editing by Rod Nickel and Edmund Klamann
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Nora Eckert reports on the automotive industry from Detroit. She covers Ford, GM, Stellantis and the United Auto Workers, with a focus on the industry's transition to EVs. She was previously a reporter for The Wall Street Journal in Detroit, where she broke news on major automakers and the UAW. She was earlier part of a WSJ investigations team that was recognized as a finalist for the 2021 Pulitzer Prize. Nora began her career as an investigative reporter with the Rochester Post Bulletin in Minnesota, where she focused on the state's organ transplant system and prisons.
Chevron ve 2. čtvrtletí snížil dluh o rekordních 8,4 miliardy USD a zlepšil poměr čistého dluhu k CFFO na 0,6x z 1,3x. Současně utratil 6,5 miliardy USD za odkupy akcií a dividendy.
Imagine being a contestant on Jeopardy! and Investing being one of the categories. Taking it a step further, one of the clues requires contestants to call out the three pillars of shareholder yield: buyback yield, dividend yield, and? Bueller?
The last one is where many market participants trip up. It's debt reduction. For many investors, reducing liabilities isn't as glamorous or as tangible as dividends or share repurchases, but it's important nonetheless. So it's commendable that Chevron (CVX -0.03%) trimmed its obligations by a record $8.4 billion during the second quarter.
Image source: The Motley Fool.
Sure, in the context of Chevron's $392.4 billion market cap, $8.4 billion doesn't sound like much. But as a famous senator once said, "A billion here, a billion there, and pretty soon you're talking real money." More importantly, Chevron's debt-reducing efforts confirm the stock is worth evaluating, even by investors with small grubstakes.
Chevron debt reduction definitely matters S&P rates Chevron AA-, which is at the higher end of the investment-grade range. As such, it's in the upper tier of oil stocks in terms of effective interest rates. Chevron's is 4.3%. A few rivals have lower effective interest rates. Plenty more have higher rates.
The point is that with the Federal Reserve providing little indication that it will cut interest rates this year, it's prudent for companies of all shapes and sizes to reduce debt. Last year, Chevron spent $1.2 billion on interest expenses alone. Erasing $8.4 billion from its debt tally implies that, by some estimates, the oil giant could save as much as $336 million annually in interest expenses.
Chevron's second-quarter liabilities-reducing efforts are important for another reason. It's a matter of keeping up with the Joneses. In this case, the Joneses are Chevron competitors ExxonMobil and Shell. These rivals pared obligations by more than $7 billion and $10.8 billion, respectively, during the June quarter.
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The point is that in a sector-specific game of debt-cutting musical chairs, it's best not to be left standing up when the music stops. Chevron has a chair, and that's good news for investors.
Chevron is sending a message Actually, the oil major is arguably sending several messages by shedding $8.4 billion in debt. That move cuts Chevron's net debt-to-cash flow from operations (CFFO) ratio to 0.6x from 1.3x in the first quarter, confirming that balance sheet health is a priority.
Image source: Getty Images.
Chevron's debt paring also occurred as the company spent $6.5 billion on buybacks and dividends, confirming its cash flow position is sturdy. The subsequent drop in interest expenses could be used to fortify the energy company's status as a buyback machine and as a blue chip dividend stock.
Timing is also relevant. Chevron shedding some of its obligations while it notched earnings per share (EPS) that more than quadrupled year over year may be a sign that management wanted to capitalize on high prices while the getting was good. After all, oil prices are notoriously cyclical, and that's exactly the type of prudence that makes this energy stock worth considering.
Insiderka Phillips 66 Ann M. Kluppel prodala 7 834 akcií za 210,78 USD za kus po uplatnění opcí. Firma zároveň oznámila čistý zisk za 2. čtvrtletí ve výši 3,8 miliardy USD, oproti 877 milionům USD před rokem.
Ann M. Kluppel, SVP and controller, sold 7,834 shares of Phillips 66 (PSX +0.54%) at $210.78 per share, according to an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$1.7 millionShares sold (directly held)7,834Post-transaction shares (directly held)25,401Post-transaction shares (indirectly held)3,638Transaction value based on SEC Form 4 weighted average sale price ($210.78); post-transaction value based on the August 10 market close ($215.52).
Key questionsWhat was the structural nature of this transaction?
The transaction was an exercise-and-sell event where Ann M. Kluppel exercised 7,834 stock options at strike prices of $89.05 and $100.435 per share. These shares were then sold in the open market at a weighted average price of $210.78, with execution occurring across two trading days.What is the insider's remaining equity exposure in the company?
Following these sales, the SVP and Controller retains 25,401 shares held directly and 3,638 shares held indirectly through the Phillips 66 Savings Plan. The insider also continues to hold derivative securities in the form of stock options.What financial metrics define the company at the time of these transactions?
Phillips 66, a Houston-based energy company with a market capitalization of $86.4 billion, reported trailing twelve-month revenue of $153.6 billion and net income of $7.1 billion. The stock was priced at $215.52 at the August 10 market close.Company OverviewMetricValueShare Price (as of market close 2026-08-10)$215.52Market Capitalization$86.4 billionRevenue (TTM)$153.6 billionNet Income (TTM)$7.1 billionCompany SnapshotPhillips 66 operates a diversified energy platform spanning midstream infrastructure, chemical manufacturing, petroleum refining, and marketing & specialties, generating revenue across the full value chain from crude oil transportation to refined product distribution.The company generates earnings through four primary business segments: Midstream operations managing energy commodity transportation and storage; Chemicals producing specialty chemical products; Refining converting crude oil into petroleum products; and Marketing & Specialties distributing refined products and specialty fuels to end markets.The company serves a broad customer base, including petroleum refineries, petrochemical manufacturers, transportation fuel consumers, and industrial end-users requiring specialty chemical products and energy logistics solutions.Phillips 66 is a diversified energy company headquartered in Houston, with an $86.4 billion market capitalization. The company operates an integrated business model spanning midstream logistics, chemical manufacturing, refining, and product marketing, generating $153.6 billion in TTM revenue with $7.1 billion in net income. As a vertically integrated energy infrastructure operator, Phillips 66 maintains competitive advantages through its extensive pipeline and terminal network, refining capacity, and downstream distribution capabilities.
What this transaction means for investorsKluppel exercised options struck around $89 and $100 against a stock north of $210, so this was a controller converting years-old equity at more than double the grant price, the kind of well-earned cash-in that follows a strong run rather than any warning. She kept more than 25,000 shares directly, so the position that remains dwarfs what she sold across the two days.
And to be clear, the run behind it was extraordinary. Phillips 66 posted second-quarter net income of $3.8 billion, up from $877 million a year earlier, as refining margins jumped to $24 a barrel and the company ran its plants at 96% of capacity. It cut total debt by $6.6 billion in the quarter and lifted its buyback authorization by $10 billion. Of course, refining is deeply cyclical, and margins this fat rarely hold, so much of this quarter's power came from conditions that tend to swing back.
Ultimately, that cyclicality is the real thing to weigh, not a controller's option exercise, because the same refining spreads that drove a fivefold jump in profit can compress just as fast, and this quarter almost certainly caught them near a high.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends Phillips 66. The Motley Fool has a disclosure policy.
Hyliion Holdings Corp. (HYLN) Q2 2026 Earnings Call August 12, 2026 11:00 AM EDT
Company Participants
Greg Standley
Thomas Healy - Founder, President, CEO & Director
Jon Panzer - Chief Financial Officer
Conference Call Participants
Sean Milligan - Needham & Company, LLC, Research Division
Edward Jackson - Northland Capital Markets, Research Division
Presentation
Operator
Hello, everyone. Thank you for joining us and welcome to the Hyliion Holdings Second Quarter 2026 Earnings Conference Call. [Operator Instructions]
I will now hand the conference over to Greg Standley, Chief Accounting Officer. Greg, please go ahead.
Greg Standley
Thank you, and good morning, everyone. Welcome to Hyliion Holdings' Second Quarter 2026 Earnings Conference Call. Joining us today are Thomas Healy, Chief Executive Officer; and Jon Panzer, Chief Financial Officer. A slide presentation accompanying today's call is available on Hyliion's Investor Relations website at investors.hyliion.com.
Please note that during today's call, we will be making certain forward-looking statements regarding the company's business outlook. Forward-looking statements are predictions, projections, and other statements about anticipated events that are based on current expectations and assumptions as such, are subject to risks and uncertainties. Many factors could cause actual results to differ materially from forward-looking statements made on this call.
Factors that may cause such differences are discussed in our presentation and press release, as well as our filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on forward-looking statements, and we undertake no duty to update this information except as required by applicable law.
With that, I'll turn the call over to Thomas.
Thomas Healy
Founder, President, CEO & Director
Hello, and thank you for joining us for Hyliion's second quarter 2026 earnings call. This was a strong quarter for Hyliion, and we have a lot to cover on today's call. I'll organize my remarks around
Novo Nordisk podala žalobu proti Eli Lilly kvůli reklamě na léky na hubnutí a tvrdí, že srovnání není úplné. Sporné je hlavně použití starších dávek Wegovy místo novější vysokodávkové verze 7,2 mg.
Novo Nordisk CEO Mike Doustdar on Wednesday defended the drugmaker's decision to sue rival Eli Lilly over its weight-loss drug advertising.
"I am a big fan of competition. I think competition has to be fierce, but I also think competition has to be fair," Doustdar said on CNBC's "Mad Money." "I believe that patients deserve to know the full truth together with their physicians before they make a choice of what product to take."
Last month, Novo Nordisk filed a lawsuit, alleging that Lilly's advertising for its blockbuster injectable GLP-1 drugs misleads consumers about their efficacy relative to Novo's rival treatments. In a statement at the time, Lilly said it stands "firmly behind our advertising."
In its ads, Lilly cites a head-to-head trial it conducted of its obesity drug Zepbound versus Novo Nordisk's rival treatment Wegovy. The results appeared in The New England Journal of Medicine in May 2025. The trial data showed that the maximum tolerated dose of 10 mg or 15 mg of Zepbound over 72 weeks yielded average weight loss of 20.2%, or around 50 pounds, compared to 13.7%, or roughly 33 pounds, for the then-maximum tolerated dose of 1.7 mg or 2.4 mg for Wegovy.
Doustdar argued Lilly's comparisons do not give consumers the full picture because they rely on an older, lower-dose version of Novo's Wegovy rather than the company's newer high-dose 7.2 mg offering, which was approved by the Food and Drug Administration back in March. Novo said it conducted a study of 7.2 mg Wegovy and saw average weight loss over 72 weeks of about 19%, or 47 pounds — much closer to the max-dose Zepbound in the previous study.
"We believe that the advertisements that they have been doing, while truthful, is not the complete picture," Doustdar said. "It's built on older generations of these products and old doses," he added. "People need to know that there is a more advanced version of Wegovy in the market with a different profile, and then they can make their choice and decide which product is the best."
When asked for comment, an Eli Lilly spokesperson said, "We're glad to see Novo Nordisk's own CEO confirm what we've said all along: Lilly's advertising is truthful. As for the suggestion that Wegovy HD is on par with Zepbound, that comparison isn't supported by any head-to-head clinical trial. Novo knows this and that is why you have never before heard them say this in their paid consumer advertising. The reality is that Zepbound is the most prescribed obesity medicine in the U.S. Lilly stands behind its science and the only head-to-head trials comparing these two medicines."
The legal fight comes as competition between Novo Nordisk and Eli Lilly intensifies across the booming GLP-1 market. Doustdar acknowledged Lilly has gained market share, particularly in injectable weight-loss drugs. Since the suit was filed, Novo shares have fallen 6%, while Eli Lilly has climbed nearly 4%.
"There is no secret that Lilly has been quite successful, actually, in having volume uptake and market share uptake above and beyond Novo" in injectables, Doustdar said.
At the same time, Doustdar touted the company's new Wegovy pill, which launched in early January following late December 2025 approval from the FDA. He said prescriptions in the U.S. have surpassed 5 million, claiming the Wegovy pill has been the "best product launch in the history of pharmaceuticals."
Lilly has its own weight-loss pill, called Foundayo, which was approved by the FDA on April 1 and started shipping days later. The Wegovy pill has a head start, and that was evident in Lilly's latest earnings report. While results were strong, Foundayo missed expectations as the company works to build up consumer awareness.
Lilly is a stock in Jim Cramer's Charitable Trust, which is the portfolio used by the CNBC Investing Club.
Zcash Labs spustila jako nezávislá organizace financující integrace, infrastrukturu a retroaktivní granty pro ekosystém Zcash. Prvním příjemcem grantu je zcashtocash, služba propojující $ZEC se šesti platebními aplikacemi jako Venmo, Cash App a Zelle.
A New Kind of Organization for the Zcash EcosystemZcash Labs (@ZcashLabs) has launched as an independent organization with three stated priorities: technical integration work for businesses and institutions, infrastructure support including a Shielded Vote Validator, lightwalletd and full-node instances, and planned RPC services, and a retroactive grants program for ecosystem projects.
On the grants side, Zcash Labs plans to cover project costs upfront and then seek reimbursement from ZEC coinholders, with a 20% markup applied per retroactive grants period rather than per individual request. The decision on whether to approve each reimbursement ultimately rests with coinholders. Zcash Labs has also been clear about its independence, stating it has no affiliation with the Zcash Foundation, a separate nonprofit that has historically supported Zcash development and research.
First Grantee Connects $ZEC to Everyday Payment AppsThe organization's first launched grantee is zcashtocash (@zcashtocash), a service that facilitates peer-to-peer $ZEC settlement linked to six widely used payment applications, including Venmo, Cash App, and Zelle. According to Zcash Labs, the service uses Peer for matched P2P conversions, with enclaves releasing ZEC only after the corresponding fiat payment has been verified.
The launch of Zcash Labs adds another independent entity to a Zcash ecosystem that has seen significant organizational activity in 2026. Earlier this year, the Zcash Open Development Lab (ZODL) was formed by the former engineering and product team of the Electric Coin Company following a governance dispute. ZODL raised over $25 million in seed funding from backers including Paradigm, a16z crypto, and Coinbase Ventures to continue core protocol development.
Sources:
Zcash Labs: Announcing Zcash Labs
CoinDesk: Zcash Open Development Lab raises $25 million in seed funding
Alexandria Real Estate Equities upsala veřejnou emisi dluhopisů za 1 miliardu USD s kuponem 7,250 % splatných v roce 2057. Výnosy z emise chce použít na obecné firemní účely a splácení dluhu.
, /PRNewswire/ -- Alexandria Real Estate Equities, Inc. ("Alexandria" or the "Company") (NYSE: ARE) today announced that it has priced a public offering of $1,000,000,000 aggregate principal amount of 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 (the "notes"). J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, BBVA Securities Inc., Mizuho Securities USA LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., TD Securities (USA) LLC, Truist Securities, Inc., U.S. Bancorp Investments, Inc., BNP Paribas Securities Corp. and PNC Capital Markets LLC are acting as joint book-running managers in connection with the public offering, and Fifth Third Securities, Inc., M&T Securities, Inc., Santander US Capital Markets LLC, Capital One Securities, Inc., Huntington Securities, Inc., Regions Securities LLC and Samuel A. Ramirez & Company, Inc. are acting as co-managers in connection with the public offering.
The notes were priced at 100.000% of the principal amount. The notes will initially bear interest at 7.250% per year through, but excluding, February 15, 2032, and thereafter at a rate equal to the five-year U.S. Treasury Rate plus 2.889%, reset every five years, subject to a floor of 7.250%. The notes will be junior subordinated unsecured obligations of the Company and fully and unconditionally guaranteed on a subordinated unsecured basis by Alexandria Real Estate Equities, L.P., an indirectly 100% owned subsidiary of the Company. The closing of the sale of the notes is expected to occur on or about August 21, 2026, subject to customary closing conditions.
The Company intends to use the net proceeds from the notes for general corporate purposes, which may include working capital, the reduction of the outstanding balance, if any, on the Company's unsecured senior line of credit, the reduction of the outstanding indebtedness, if any, under the Company's commercial paper program, the repayment of other debt and the selective development, redevelopment or acquisition of properties. Pending such use, the Company may invest the net proceeds in high-quality short-term securities and/or use such proceeds temporarily for general working capital and other general corporate purposes.
The notes are being offered pursuant to an effective registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Company's securities, including the notes, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Copies of the prospectus supplement relating to this offering, when available, may be obtained by contacting: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-212-834-4533 or by email at [email protected] and [email protected]; BofA Securities, Inc., by telephone at 1-800-294-1322; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-800-831-9146 or by email at [email protected]; Goldman Sachs & Co. LLC, Attn: Prospectus Department, at 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, by fax at (212) 902-9316 or by email at [email protected]; or RBC Capital Markets, LLC, by toll-free telephone at (866) 375-6829.
About Alexandria Real Estate Equities, Inc.
Alexandria, an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative Megacampus™ ecosystems in AAA life science and advanced technology innovation cluster locations, including Greater Boston, San Diego, the San Francisco Bay Area, Seattle, Maryland, Research Triangle, and New York City.
Forward-Looking Statements
This press 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. Such forward-looking statements include, without limitation, statements regarding the Company's offering of the notes, the expected closing of the offering and its intended use of the proceeds. These forward-looking statements are based on the Company's present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by the Company's forward-looking statements as a result of a variety of factors, including, without limitation, the risks and uncertainties detailed in its filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update this information. For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in the Company's forward-looking statements, and risks and uncertainties to the Company's business in general, please refer to the Company's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q.
Algorand vydal go-algorand v5.0.0, který přímo do protokolu přidává postkvantové zabezpečení účtů. O aktivaci upgradu nyní rozhodnou hlasováním provozovatelé uzlů.
@Algorand has shipped go-algorand v5.0.0, a consensus upgrade release that embeds post-quantum account security directly into the protocol rather than layering it on top via workarounds.
Node Runners Decide What Happens NextThe release now moves to a governance step: node runners will vote on whether to activate the consensus upgrade. If the vote passes, accounts will be able to use Falcon-1024 signatures at addresses that no Ed25519 key could ever control, drawing a clean cryptographic boundary between legacy and quantum-resistant accounts.
That added security comes with trade-offs. Falcon-1024 transactions cost three times the standard minimum fee, and the signatures cannot be batch verified, meaning each one must be checked individually. Developers and users choosing post-quantum accounts should factor both costs into their workflows.
The v5.0.0 release also brings support for larger app sizes and AVM v13 , with the smart contract size limit doubling to 16,384 bytes. Crucially, live applications can grow into that expanded limit without being redeployed, which removes a significant operational burden for teams running production contracts.
Part of a Broader Quantum-Resistance Push The first post-quantum transaction hit Algorand's mainnet on November 3, 2025, using Falcon signatures. Since then, over 140,000 such transactions have been processed. The v5.0.0 upgrade represents the next logical step: moving from Falcon accounts backed by LogicSignatures to native protocol-level support.
The Q3 2026 protocol release introduces network-level support for multiple concurrent signature schemes, a foundational step toward cryptographic agility, while continuing to support traditional Ed25519 accounts alongside the new Falcon-1024 scheme.
In June 2026, Algorand announced a roadmap targeting broad quantum resilience by the end of 2027, covering native post-quantum accounts, post-quantum multisig for institutions and treasuries, and research into post-quantum-resilient VRF and signatures for consensus messaging.
Northrop Grumman odpojil MEV od satelitu Optus a v roce 2027 ho má nahradit MRV se dvěma robotickými rameny a MEP. Cílem je prodloužit životnost satelitů o roky.
High above the Earth, a new generation of robots designed to keep satellites working longer is replacing its predecessor — quite literally.
This week, a spacecraft built and operated by Northrop Grumman called a Mission Extension Vehicle (MEV) unplugged from a communications satellite operated by the Australian firm Optus. For more than a year, the MEV spacecraft has been stuck to the back of the Optus satellite, keeping it in the right place in space so it can continue its mission.
Now, the satellite life-extension spacecraft is leaving to make room for its replacement. In July, four new Northrop spacecraft launched into orbit on a SpaceX Falcon 9 rocket. One is called the Mission Robotic Vehicle (MRV), a powerful satellite equipped with two advanced robotic arms that was developed by DARPA, the U.S. military research organization. The other three are called Mission Extension Pods, or MEPs, smaller, simpler satellites that are essentially modular propulsion systems.
Those four spacecraft are currently headed for targets around 27,000 miles above the Earth. In 2027, the MRV will use its robotic arms to attach one of the MEP pods to the Optus satellite, which should keep it in orbit for years to come.
The satellites that provide communications or scan the planet with various sensors only last for so long. They typically fail when they run out of fuel to stay in the right place, not because their computers and transceivers stop working. The Optus satellite was launched in 2009, and designed for a 15-year lifespan. If all goes well, the satellite could fly — and generate revenue — for another six years.
Now, cheaper launch costs and lower-cost space components are making spacecraft repair missions a reality.
The goal is “a paradigm shift where we can see space as sustainable, with a more resilient architecture and infrastructure base where we can do things like spacecraft repairs, life extension, or even upgrades and maintenance of satellites,” according to Northrop’s director of logistics and servicing, Cassie Wong.
There are two MEVs in orbit right now, launched in 2019 and 2020, which have provided 10 years of life extension to three customers, including two different Intelsat spacecraft and the Optus satellite. MEV-1 will wait in a parking orbit for another customer, while MEV-2 is currently attached to its Intelsat customer until 2030.
The Mission Robotic Vehicle, or MRV, represents an evolution of the business model. Satellite operators buy and own the MEPs, which are permanently attached to their spacecraft. That frees up the MRV to service more vehicles, creating a cheaper offering.
The offering requires some serious technology chops. The vehicles need to autonomously approach one another and dock safely, not a simple task when both are moving at velocities of thousands of miles an hour. The MEVs use a docking probe to plug in and hang onto satellite thruster nozzles. Meanwhile, the MRVs will need to carefully attach the MEPs using their robotic arms.
Unlike most satellites, the MRV is designed to be refueled in orbit — in part, a proof of concept for the kind of capabilities other satellites will need if this kind of in-orbit servicing becomes a norm. Right now, the extra cost and weight of such adaptations keeps spacecraft operators from investing in them.
Indeed, the current trend in satellites is flying lots of cheap, effectively replaceable spacecraft in low orbits, as Starlink and Amazon LEO do. On the other hand, spacecraft keep getting bigger, and there are plenty of expensive, large satellites in orbit that could benefit from life extension. Wong hopes that the MRV will take on other missions in the future, adding new components to satellites as well as adjusting their orbits.
That’s likely to include defense customers, given the number of expensive satellites it owns in high orbits, and DARPA’s involvement in developing the MRV’s arms. Indeed, the U.S. Space Force has previously characterized a Chinese servicing spacecraft with robotic arms as a weapon, since it could theoretically grapple and degrade a rival satellite. Northrop says that its vehicles are focused on servicing missions.
The vehicle could also be used in LEO, Wong says, to extend the life with valuable assets there. The startup Katalyst Space is attempting a similar mission to extend the life of a NASA space telescope after malfunctions left its vehicle tumbling last month. The company has a fix in place and hopes to complete the mission.
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Tim Fernholz is a journalist who writes about technology, finance and public policy. He has closely covered the rise of the private space industry and is the author of Rocket Billionaires: Elon Musk, Jeff Bezos and the New Space Race. Formerly, he was a senior reporter at Quartz, the global business news site, for more than a decade, and began his career as a political reporter in Washington, D.C. You can contact or verify outreach from Tim by emailing [email protected] or via an encrypted message to tim_fernholz.21 on Signal.
Uniswap spustil veřejný dashboard s živými daty o financování, objemu obchodů, likviditě, integracích a bezpečnosti. Zobrazuje také více než 4 miliardy USD na poplatcích vyplacených poskytovatelům likvidity od roku 2018.
Uniswap just did something most companies in traditional finance still won’t do: it published a live, comprehensive dashboard showing its financial performance, trading volume, liquidity, integrations, and security history for anyone to see.
The public dashboard, which went live on August 12, gives users, developers, and investors a consolidated view of the protocol’s key performance indicators in real time.
What the dashboard actually shows The tool tracks several categories of data across the protocol’s operations. Financial metrics, trading volume, Total Value Locked, integration partnerships, and security records are all surfaced in one place.
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One number worth noting: Uniswap has distributed more than $4 billion in cumulative fees to liquidity providers since the protocol launched in 2018. That’s not protocol revenue sitting in a treasury. It’s yield that flowed directly to the people supplying capital to the exchange’s trading pools.
The dashboard also reflects Uniswap’s sprawling multi-chain footprint. The protocol now operates across more than 36 blockchain networks, with aggregate 30-day trading volumes reaching tens of billions of dollars.
Third-party analytics platforms like Dune Analytics and Allium have been tracking Uniswap metrics for years, but this dashboard consolidates those insights into an official, protocol-endorsed resource.
The v4 context This dashboard launch comes roughly 18 months after Uniswap deployed its v4 upgrade in January 2025. That update introduced hooks, a system that lets developers customize pool behavior with modular code, along with a singleton architecture that consolidates all pools into a single smart contract for gas efficiency.
With v4 maturing over the past year and a half, the dashboard provides a way to measure whether those technical innovations are actually translating into growth. Users can now track v4-specific metrics including TVL, volume, and swap counts across different chains, giving a clearer picture of adoption patterns.
For liquidity providers weighing where to deploy capital, the dashboard offers something genuinely useful: data. Instead of relying on anecdotal reports or third-party estimates with varying methodologies, LPs can now reference a single source for cross-chain performance comparisons.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Uniswap Labs přesměruje 100 % creator fees z test tokenů do programu buyback a spálení UNI. Poplatky tak půjdou na nákup UNI na trhu a jeho trvalé spálení.
Uniswap Labs is giving up creator fees on test tokens, redirecting 100% of that revenue into the protocol’s existing UNI buyback-and-burn program. The change means that every fee generated by test tokens on Uniswap’s newer launch environments now flows directly into smart contracts designed to buy UNI on the open market and permanently destroy it.
The UNIfication backstory This latest fee redirection is part of a larger structural overhaul known as UNIfication, a governance framework approved by the Uniswap DAO in November 2025. The proposal activated the protocol fee switch, establishing vault and burn contracts to ensure that protocol-level fees contribute directly to UNI token burns rather than flowing to Uniswap Labs or the foundation.
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In December 2025, the DAO initiated a treasury burn of 100 million UNI tokens, valued at approximately $600 million at the time. Protocol fees are now live on Ethereum v2 and v3 pools, generating an estimated annualized burn rate of around $26 million from those pools alone.
How TradePools and creator fees fit in Uniswap has been building out new features including TradePools, which allow token creators to impose optional fees of up to 0.05% of the 0.25% LP fee tier on their pools. For test tokens, these creator fees now exclusively contribute to the UNI burn mechanism rather than going to Uniswap Labs.
This particular change did not require a formal governance vote. Under the UNIfication framework, certain operational decisions around early-stage tokens can be made without going through the full DAO proposal process.
What the burn rate actually means for UNI UNI’s fully diluted supply is 1 billion tokens. The December treasury burn of 100 million tokens represented a one-time reduction of 10% of total supply. The ongoing annualized burn rate of $26 million from v2 and v3 protocol fees adds a smaller but continuous reduction, with potential increases as Uniswap expands to v4 and additional blockchain ecosystems.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
NEAR Intents Hits $25B in Cumulative Volume$NEARProtocol's NEAR Intents platform has crossed $25 billion in cumulative transaction volume, underscoring rapid adoption of its intent-based cross-chain execution layer. The milestone marks a sharp acceleration in growth: NEAR Intents reached $5 billion in November 2025, doubled to $10 billion by January 2026, and has continued to compound since. According to Crypto Briefing, the platform was adding roughly $1 billion in volume per week at certain points earlier this year, reflecting sustained demand for bridgeless cross-chain execution.
The architecture at the centre of this growth is an intent-driven model where competing solvers bid to fulfil user requests. Users specify a desired outcome, such as swapping USDC on Ethereum for another asset on a different chain, while third-party solvers handle execution behind the scenes. The result is a seamless experience that abstracts away the complexity of multi-chain infrastructure.
Chain Signatures and Confidential Execution Drive AdoptionA core technical enabler is Chain Signatures, NEAR's decentralised multi-party computation (MPC) framework. The technology allows NEAR smart contracts to sign and settle transactions natively on external chains, including $BTC and $ETH, without relying on bridges or destination contracts that introduce counterparty risk. A signed Bitcoin transaction, for example, can be broadcast directly to the Bitcoin mainnet with no wrapped asset or bridge involved. The protocol currently supports transactions across 30 blockchains.
Privacy is also emerging as a material driver. According to @BSCNews, 69% of all trades on the platform now use private execution, helping users avoid front-running and MEV extraction. This aligns with a broader industry trend toward confidential transaction layers in DeFi. Nansen's Q2 2026 NEAR report noted that confidential Intents TVL had crossed $30 million, pointing to growing institutional and retail appetite for private on-chain settlement.
The volume figures place NEAR Intents among the more consequential cross-chain infrastructure plays in the current cycle, with its bridgeless settlement model and privacy features setting it apart from traditional bridge-based competitors.
Sources
Crypto Briefing: NEAR Intents surpasses $20B in all-time transaction volume
Nansen: NEAR Protocol Q2 2026 Report
NEAR Protocol: Chain Signatures Launch Blog
@NEARProtocol has handed verification of its confidential AI workloads to @intel's Trust Authority, shifting the chain of trust away from the platform operator and anchoring it directly at the chipmaker level.
What Changed and Why It Matters NEAR AI Cloud has run on Intel and NVIDIA confidential computing hardware since December 2025. What is new is who validates the proofs. Every workload now returns an Intel-signed attestation token confirming that the job ran inside sealed, tamper-resistant hardware. @NEARProtocol operates the service, but @intel independently checks it, meaning users no longer have to take the operator's word for it.
That distinction is significant. Intel Trust Authority decouples the roles: Intel itself is the appraiser, the host is only the host, and the relying party receives a token signed by an independent third party with no operational stake in the workload. This resolves a long-standing weakness in confidential computing deployments, where infrastructure providers have historically relied on self-attestation.
Intel Trust Authority is a zero-trust attestation service that helps verify apps, data, and workloads are running in trusted environments. It validates infrastructure, applications, and AI workloads using Intel confidential computing Trusted Execution Environments (TEEs) on CPUs and GPUs.
How NEAR AI Cloud Works NEAR AI Cloud delivers private inference in three steps: a user's prompt is encrypted locally and transmitted to a Confidential Virtual Machine (CVM) inside a TEE; processing occurs inside a Trusted Execution Environment that prevents external access, including from NEAR itself; and inside the enclave, the model decrypts the input, performs inference, and re-encrypts the result before returning it.
By running models in TEEs with cryptographic attestation, the platform creates an auditable chain of trust. Organizations can verify not just that their data was encrypted in transit, but that it remained encrypted during processing and that the model executing the inference was the one they expected.
The integration is live now. For enterprises handling sensitive data, the move addresses a core concern: one misconfiguration or insider action can break traditional software-level trust signals instantly, which is why the AI industry needs verifiable privacy, not unsupported promises.
Sources:
NEAR AI: Introducing NEAR AI Cloud and Private Chat
Intel: Intel Trust Authority Overview
Crypto Briefing: NEAR AI Builds Infrastructure for Private AI Model Execution
PancakeSwap přidal na BNB Chain podporu pro $GMEB, tokenizovanou verzi akcií GameStop krytou 1:1 skutečnými akciemi u regulovaného správce. Binance ve stejný den, 12. srpna 2026 v 20:00 UTC+8, spustila spotový obchodní pár GMEB/USDT s maržovým obchodováním.
PancakeSwap has added trading support for $GMEB, a tokenized version of GameStop shares, on BNB Chain.
$GMEB is a BEP-20 token issued under Binance’s bStocks program, backed 1:1 by actual GameStop shares held by a regulated custodian. The contract address is 0x46ceefda28dd7207059ed19b0acdc026955bb15c.
How the bStocks model works Binance’s bStocks program takes traditional equities, parks the underlying shares with a regulated custodian, and issues blockchain tokens that mirror their value on a one-to-one basis. Each $GMEB token represents economic exposure to one share of GameStop.
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Binance listed the GMEB/USDT spot pair with margin trading support on August 12, 2026, at 20:00 UTC+8. PancakeSwap’s integration happened in parallel, giving decentralized traders an alternative venue to access the same asset without relying on a centralized exchange’s order book.
Traditional stock markets close on evenings, weekends, and holidays. Tokenized equities don’t, enabling 24/7 on-chain trading.
PancakeSwap’s growing RWA playbook This isn’t PancakeSwap’s first foray into tokenized real-world assets. The DEX has been building out this category since October 2025, when it integrated with Ondo Finance. That partnership added over 100 tokenized stocks, bonds, and ETFs to PancakeSwap’s offerings on BNB Chain.
As of mid-2026, PancakeSwap had surpassed $50 million in cumulative trading volume for tokenized assets on BNB Chain.
What this means for tokenized equities Binance listing the GMEB/USDT pair on the same day PancakeSwap added support creates a two-track system where traders can choose their preferred environment. Centralized exchange users get familiar interfaces and margin trading. DeFi users get self-custody and composability with other on-chain protocols.
The regulatory picture remains unresolved. Tokenized equities that provide economic exposure to real securities exist in a gray zone across many jurisdictions. The 1:1 custodial backing model adds legitimacy, but different regulators have different opinions on whether these instruments constitute securities themselves.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
V červnu získali emitenti stablecoinů na Avalanche 6,9 milionu USD z výnosu rezerv, zatímco on-chain ekonomika sítě vytvořila jen 3,1 milionu USD. Na $AVAX z toho neplyne žádný příjem.
Issuers Pocket More Than the Network EarnsA notable gap has emerged inside the Avalanche ecosystem. According to figures from the @AvalancheFDN, stablecoin issuers collected $6.9 million in yield on the reserves backing Avalanche-resident tokens in June alone. Over the same month, Avalanche's on-chain economy produced just $3.1 million in nominal Gross Chain Product, the Foundation's own measure of on-chain value added, defined as on-chain profit plus transaction fees. Issuers are earning more from parked reserves than the network itself generates, and none of that income flows back to $AVAX.
The cumulative picture is starker. Lifetime issuer income on Avalanche has reached $242.8 million. That sits against $23.5 million in @avax C-Chain fees burned since 2024, itself a fraction of the $954.8 million in lifetime on-chain production the Foundation estimates. The burn is also highly concentrated: the two largest stablecoin issuers account for roughly 96% of total issuer income, at $173.2 million and $59.7 million respectively. On the fee side, Avalanche burns 100% of C-Chain transaction fees, both base and priority, which goes further than Ethereum's EIP-1559 design, which burns only the base fee and directs priority fees to validators. That structural advantage has not been enough to close the value-capture gap.
The issuer income stream is also more stable than the network's own output. Issuer revenue swings 2.1 times from peak to trough, against a 7.5 times swing for Avalanche's on-chain output. Reserve yield tracks broader interest rate conditions rather than the ebbs and flows of on-chain activity, which makes it inherently steadier regardless of network usage.
Proposed Fixes and a Cautionary Case StudyThe Foundation has identified two protocol-level levers. ACP-67 proposes a protocol-owned stablecoin as a direct route to capturing reserve yield for the network rather than leaving it with external issuers. ACP-283 makes the C-Chain minimum gas price adjustable through validator voting, replacing the current static setting, allowing validators to respond to network conditions dynamically. The logic is that higher minimum fees mean more AVAX burned per unit of activity, improving the network's own value retention.
The Foundation's paper also points to Hyperliquid as a live example of what protocol-owned yield capture looks like in practice, and of its limits. Hyperliquid launched USDH, a native stablecoin designed to redirect reserve yield back into its own ecosystem. Under a subsequent arrangement with Coinbase, the exchange agreed to treat USDC on Hyperliquid as on-platform and pay around 90 percent of reserve income back to the protocol. Hyperliquid ultimately pushed incumbents into sharing economics directly instead of building a large standalone stablecoin ecosystem around USDH. The Foundation cites this as evidence that even a well-executed protocol stablecoin can be outcompeted by negotiating yield-sharing terms with an established issuer. It is a foundation publishing a data point that complicates the easy version of its own plan, and it is arguably the most honest part of the paper. Whether ACP-67, ACP-283, or a combination of both can meaningfully shift the value-capture balance for $AVAX holders remains an open question. All figures cited are Foundation estimates.
Sources:
From Static Constants to Dynamic Variables: What Three ACPs Say About Avalanche's Economics (Avalanche)
Avalanche Retro9000 Initiative's C-Chain Phase Goes Live (Yahoo Finance)
Avalanche Transaction Fees (Avalanche Builder Hub)
Kalshi přidává do svého order booku nízkolatenční datový feed od DoubleZero, podporovaného Solanou, aby uspokojil poptávku institucí po rychlých datech. Feed má traderům nabídnout strojově čitelný pohled na predikční trh pro pricing, hedging a generování signálů.
Kalshi’s order book is adding Solana-based DoubleZero’s low-latency market data feed to meet institutional demand. The DoubleZero Foundation described DoubleZeroEdge as a transport layer, sending live exchange and onchain data over dedicated fiber, distributing it simultaneously to all connected traders.The model has underpinned traditional financial exchanges, including NYSE, Nasdaq and the CME, for decades, the foundation said.The growing presence of financial institutions in cryptocurrency brings with it increasing demand for Wall-Street style systems in digital asset markets, such as servers that offer split-second advantages when executing trades.
Kalshi is looking to meet that demand by adding Solana-based DoubleZero’s low-latency market data feed to its prediction market order book.
The DoubleZero Foundation said this will provide trading firms with a machine-readable view of a prediction market for pricing, hedging and signal generation on Solana, one of the major layer-1 blockchains.
The foundation described DoubleZeroEdge as a transport layer, sending live exchange and onchain data over dedicated fiber, publishing the data and distributing it simultaneously to all connected traders.
In traditional finance (TradFi), institutions use specialized networks to access data at high speed, whereas in crypto, traders still largely rely on the internet. DoubleZero attempts to address that through a bespoke onchain system.
“This is the same distribution model that has underpinned traditional financial exchanges, from NYSE to Nasdaq to the CME, for decades,” the foundation said in an emailed announcement on Wednesday.
Prediction markets like Kalshi provide a probability assessment of macroeconomic releases like interest-rate cuts and inflation statistics, geopolitical events and asset price movements. Such statistics have the ability to cause significant price movement within milliseconds of their release, hence the demand for a Kalshi feed built into onchain data infrastructure.
Kalshi, one of the world’s two largest prediction markets (the other is Polymarket), will provide its most actively traded contracts at rollout, including crypto perpetual futures, derivatives contracts allowing traders to speculate on an asset’s price without an expiration date.
DoubleZero aims to give traders “the complete picture of Kalshi,” according to Wednesday’s announcement, “all on one low-latency connection.”
CORRECTION (Aug. 12, 2026, 19:40 UTC): Clarifies relationship with this new partnership.
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Building the Zcash Machine: Tachyon and Quantum Readiness
Building the Zcash Machine: Tachyon and Quantum Readiness
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
PLANO, Texas--(BUSINESS WIRE)--Cinemark Holdings, Inc. (“Cinemark”) (NYSE: CNK), one of the largest and most influential theatrical exhibition companies in the world, announced today that its Board of Directors has declared a quarterly cash dividend of $0.09 per share of common stock. The dividend will be paid on September 9, 2026, to stockholders of record on August 26, 2026.
Also announced today, Lawrence Burian has been elected as a Class II director of Cinemark Holdings, Inc. Board of Directors, effective immediately. With Mr. Burian’s appointment, the Board has expanded to 12 members as part of its ongoing succession planning efforts.
"We are pleased to welcome Lawrence to Cinemark's Board of Directors," said Carlos Sepulveda, Chairman of the Board. "His diverse leadership experience, strategic insight and governance expertise make him a valuable addition to the Board. As part of our ongoing commitment to thoughtful board refreshment and succession planning, we seek directors whose backgrounds complement the Company's long-term objectives, and Lawrence's experience across media, entertainment, capital markets and corporate development aligns well with those priorities."
Mr. Burian, 56, is a seasoned executive with more than three decades of leadership experience and a proven track record of driving growth and strategic transformation across global sports, media and entertainment organizations. He brings extensive expertise in operations, strategy, corporate governance, corporate development, mergers and acquisitions, legal affairs, capital markets and real estate. He currently serves as Chief Executive Officer and Board Director of PRG, a leading global provider of entertainment and live event technology solutions. Prior to that, he served as Chief Operating Officer of LIV Golf, where he oversaw a broad portfolio of business functions. During his tenure, he helped drive significant revenue growth, expand global media distribution, advance digital transformation initiatives and support the organization's international expansion.
Prior to LIV Golf, Mr. Burian founded LJB Ventures, LLC, an advisory firm serving private equity and venture capital-backed sports and entertainment growth-oriented companies. Earlier in his career, he held leadership positions across Madison Square Garden Sports, MSG Networks, MSG Entertainment and Cablevision Systems Corporation, and he began his career as an associate in the mergers and acquisitions practice at Davis Polk & Wardwell.
About Cinemark Holdings, Inc.:
Cinemark Holdings, Inc. (NYSE: CNK) provides extraordinary out-of-home entertainment experiences as one of the largest and most influential theatrical exhibition companies in the world. Based in Plano, Texas, Cinemark makes every day cinematic for moviegoers across nearly 500 theaters and more than 5,500 screens, operating in 42 states in the U.S. (301 theaters; 4,219 screens) and 13 South and Central American countries (194 theaters; 1,401 screens). Cinemark offers guests superior sight and sound technology, including Barco laser projection and Cinemark XD, the world’s No. 1 exhibitor-branded premium large format; industry-leading penetration of upscale amenities such as expanded food and beverage offerings, Luxury Lounger recliners and D-BOX motion seats; top-notch guest service; and award-winning loyalty programs such as Cinemark Movie Club. All of this creates an immersive environment for a shared, entertaining escape, underscoring that there is no place more cinematic than Cinemark. For more information go to https://ir.cinemark.com.
Forward-looking Statements
Certain matters within this press release include “forward–looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify forward-looking statements by the use of words such as “may,” “should,” “could,” “estimates,” “predicts,” “potential,” “continue,” “anticipates,” “believes,” “plans,” “expects,” “future” and “intends” and similar expressions which are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict. Such risks and uncertainties could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. These forward-looking statements are based on information currently available as well as management’s assumptions and beliefs today. For a description of these factors, please review the “Risk Factors” section or other sections in the Company’s Annual Report on Form 10-K filed February 18, 2026, and quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission. All forward-looking statements are expressly qualified in their entirety by such risk factors. Forward-looking statements contained in this press release reflect our view only as of the date of this press release. We undertake no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
, /PRNewswire/ -- M/I Homes, Inc. (NYSE:MHO) today announced that its Board of Directors approved a share repurchase authorization, pursuant to which the Company may purchase up to $250 million of its common shares. The $250 million authorization replaces the Company's prior authorization.
Such common shares may be purchased through open-market transactions, privately negotiated transactions or otherwise in accordance with all applicable laws. The timing and amount of any purchases will be determined by the Company's management at its discretion based on a variety of factors, including the market price of the Company's common shares, business considerations, general market and economic conditions and legal requirements. The authorization has no expiration date and may be modified, discontinued or suspended at any time.
M/I Homes, Inc. celebrating its 50th year in business in 2026, is one of the nation's leading homebuilders of single-family homes. The Company has homebuilding operations in Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St. Paul, Minnesota; Detroit, Michigan; Tampa, Sarasota, Fort Myers/Naples and Orlando, Florida; Austin, Dallas/Fort Worth, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina; and Nashville, Tennessee.
Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "anticipates," "targets," "envisions," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements. These statements involve a number of risks and uncertainties. Any forward-looking statements that we make herein and in any future reports and statements are not guarantees of future performance, and actual results may differ materially from those in such forward-looking statements as a result of various factors, including, without limitation, factors relating to the economic environment, interest rates, availability of resources, competition, market concentration, land development activities, construction defects, product liability and warranty claims various governmental rules and regulations including changes in trade policy affecting business such as new or increased tariffs, as well as the potential impact of retaliatory tariffs and other penalties, as more fully discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2025, as the same may be updated from time to time in our subsequent filings with the Securities and Exchange Commission. All forward-looking statements made in this press release are made as of the date hereof, and the risk that actual results will differ materially from expectations expressed herein will increase with the passage of time. We undertake no duty to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. However, any further disclosures made on related subjects in our subsequent filings, releases or presentations should be consulted.
READING, Pa.--(BUSINESS WIRE)--EnerSys (NYSE: ENS), a global leader in stored energy solutions for industrial, infrastructure, and defense applications announced today that its Board of Directors has approved an increase to its quarterly cash dividend of 10% to $0.2875 per share of common stock payable on October 2, 2026, to holders of record as of September 18, 2026.
“Our decision to increase the dividend reflects our confidence in EnerSys’ earnings growth, strong cash flow generation, and long-term value creation framework,” said Shawn O’Connell, EnerSys President and Chief Executive Officer. “We remain committed to a disciplined capital allocation strategy that balances organic and inorganic investment in the business with consistent returns to shareholders, including a competitive dividend that grows with earnings, excluding 45X benefits, and share repurchases under our authorization, which has approximately $900 million remaining as of the end of the first quarter.”
About EnerSys
EnerSys is a global leader in stored energy solutions helping industrial, infrastructure and defense customers address critical power and operational needs with batteries, chargers and other power equipment. The company delivers integrated solutions that combine energy storage technologies, power electronics, software-enabled intelligence, technical expertise and comprehensive global customer support. EnerSys supports customers across communications networks, data centers, energy infrastructure, material handling, transportation, aerospace and defense — including applications where power continuity is essential. Serving customers in more than 100 countries, EnerSys helps organizations manage energy more reliably, efficiently and intelligently in complex operating environments where uptime, safety and resilience matter. For more information, visit www.enersys.com.
Caution Concerning Forward-Looking Statements
This press release, and oral statements made regarding the subjects of this release, contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, or the Reform Act, which may include, but are not limited to, statements regarding EnerSys’ earnings estimates, intention to return capital to stockholders, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts, including statements identified by words such as “believe,” “plan,” “seek,” “expect,” “intend,” “estimate,” “anticipate,” “will,” and similar expressions. All statements addressing operating performance, events, or developments that EnerSys expects or anticipates will occur in the future, including statements relating to sales growth, continuing to pay cash dividends at the current rate, earnings or earnings per share growth, its intention to pay quarterly cash dividends and return capital to stockholders, execution of its stock repurchase program, and market share, as well as statements expressing optimism or pessimism about future operating results or benefits from either its cash dividend or its stock repurchase programs, are forward-looking statements within the meaning of the Reform Act. The forward-looking statements are based on management’s current views and assumptions regarding future events and operating performance, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies and changes in circumstances, many of which are beyond EnerSys’ control. The statements in this press release are made as of the date of this press release, even if subsequently made available by EnerSys on its website or otherwise. EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.
Although EnerSys does not make forward-looking statements unless it believes it has a reasonable basis for doing so, EnerSys cannot guarantee their accuracy. For a list of other factors which could affect EnerSys’ results, including earnings estimates, see EnerSys’ filings with the Securities and Exchange Commission, including “Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations,” and “Forward-Looking Statements,” set forth in EnerSys’ Annual Report on Form 10-K for the fiscal year ended March 31, 2026. The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements. No undue reliance should be placed on any forward-looking statements.
Coherent ve 4. čtvrtletí překonal odhady zisku i tržeb, když EPS činil 1,74 USD a tržby 2,05 mld. USD. CEO uvedl „mimořádnou“ poptávku a pro 1. čtvrtletí čeká vyšší EPS i tržby, než se čekalo.
Coherent Corp. (NYSE:COHR) posted its fourth-quarter results after Wednesday’s closing bell, beating Street estimates across the board. Here’s a look at the key figures from the quarter.
COHR stock is moving. Watch the price action here. Coherent reported quarterly earnings of $1.74 per share, which beat the consensus estimate of $1.61 by 7.41%, according to Benzinga Pro data.
Quarterly revenue came in at $2.05 billion, which beat the analyst consensus estimate of $1.99 billion and was up from $1.53 billion the same period last year.
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“Fiscal 2026 was an outstanding year for Coherent, with record revenue, significant margin expansion, and non-GAAP EPS growth that was more than twice the rate of revenue growth” said Jim Anderson, CEO.
“We enter fiscal 2027 with exceptional customer demand, expanding production capacity, and multiple new growth platforms beginning to ramp,” Anderson added.
Coherent Issues Strong GuidanceCoherent expects first-quarter adjusted EPS of $1.85 to $2.05, versus the $1.77 analyst estimate, and revenue of $2.2 billion to $2.4 billion, versus the $2.14 billion analyst estimate.
COHR Stock Price Activity: According to data from Benzinga Pro, Coherent stock was down 2.12% to $348.50 in Wednesday’s extended trading session at publication time.
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Watts Water Technologies zvyšuje výhled na FY2026 díky prudkému růstu tržeb z datových center a návratu Evropy k organickému růstu. Tržby z datových center se meziročně ztrojnásobily.
SummaryI upgrade Watts Water Technologies to buy, driven by surging data center sales, European recovery, and raised FY2026 guidance.Data center revenues tripled year-over-year, now representing 8% of FY2026 sales, with management projecting continued rapid growth.WTS’s European segment returned to organic growth, with margin expansion and limited disruption from product rationalization efforts.Despite a 28x NTM P/E, robust earnings growth, and upgraded guidance support attractive upside, even without multiple expansion. CasarsaGuru/E+ via Getty Images
Investment action I upgrade Watts Water Technologies (WTS) to buy from hold after Q2 2026 showed Europe returning to organic growth, data-center sales more than tripling y/y, and FY2026 guidance rising. As a recap, I kept WTS
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
NEW YORK--(BUSINESS WIRE)--Pershing Square Inc. (NYSE:PS) (“Pershing Square” or the “Company”) today reported its second quarter 2026 results.
Pershing Square’s full second quarter 2026 report is available here: https://pershingsquareinc.com/investor-relations/financial-reporting/.
A letter to shareholders from Pershing Square CEO Bill Ackman and CIO Ryan Israel is also available here: https://pershingsquareinc.com/investor-relations/financial-reporting/.
Dividend
On July 21, 2026, Pershing Square Inc. paid a dividend of $0.122 per common share to shareholders of record as of the close of business on July 13, 2026.
Quarterly Investor Call Details
Pershing Square CEO Bill Ackman and CIO Ryan Israel will host a live audio webcast and conference call on August 13, 2026, at 9:00 a.m. ET. The conference call may be accessed by dialing (800) 330-6710 (U.S. callers) or +1 (646) 769-9200 (non-U.S. callers); confirmation code 7272456. The audio webcast will be available on the Events page of the Investor Relations section of the Company’s website at https://pershingsquareinc.com/investor-relations/. Participants are encouraged to dial into the call or link to the webcast at least fifteen minutes prior to the scheduled start time. A replay of the webcast will be available through the same link approximately 24 hours after the conference call.
Following the Company’s earnings conference call, Bill Ackman and Ryan Israel will host a live Spaces Q&A event at 10:00 a.m. ET on X at https://x.com/BillAckman open to all investors, media and members of the public. The Spaces event will also be simulcast on the Events page of the Investor Relations section of the Company’s website. A replay will be available on X and on the Investor Relations section of the Company’s website through the same link.
About Pershing Square Inc.
Pershing Square Inc. is an alternative asset management company that manages pools of permanent capital invested in long-term, high-return investment strategies. Our growth is principally driven by the long-term compounding of our assets under management and the opportunistic launch of new permanent capital vehicles that enable us to pursue new investment verticals or to pursue our core investment strategies in new jurisdictions. To learn more about the Company, please visit www.pershingsquareinc.com.
Flywire ve spolupráci s Trustly rozšiřuje v USA a Kanadě podporu open banking plateb. Zákazníci tak mohou autorizovat bezpečné domácí i přeshraniční platby přímo z bankovního účtu.
Flywire is expanding support for open banking payments in the U.S. and Canada.
The expansion, done in partnership with Trustly, is designed to let payers authorize secure, large domestic and cross-border payments from their bank accounts and in their local currency, the payments enablement company said in a Wednesday (Aug. 12) news release.
“Our clients tell us their payers want modern, digital payment experiences that eliminate friction,” said Kate Moran, vice president of global payments at Flywire.
“This expansion delivers exactly that – a fully online payment option that improves accuracy, reduces payment failures, and gives payers real-time visibility into their transactions. We’re applying the open banking infrastructure we’ve successfully scaled across Europe to North America, enabling our clients to confidently offer their payers a proven experience.”
According to the release, the partnership builds on a nearly 20-year collaboration between Flywire and Trustly in Europe while expanding support across North America.
When choosing to pay with Trustly Pay by Bank, payers use their existing online bank login credentials at checkout, with no need to re-enter bank account information to finish the transaction, Flywire said.
“Combined with Flywire, the partnership offers a secure and transparent payment option for high-value bank transfers,” the release added.
In other open banking news, recent PYMNTS Intelligence research shows that while many institutions look at open banking as a key to retaining consumer and business relationships, consumers are not yet entirely sold on the concept.
According to “Consumer Sentiment About Open Banking Payments,” completed in collaboration with Trustly, about 46% of American consumers said they would be willing to use open banking payments for at least one type of purchase, with monthly bills, groceries and subscriptions garnering the greatest interest. Still, only 11% of those consumers said they had actually made an open banking payment.
“The read across is that providers still face work explaining when consumers should choose account-to-account payments instead of cards, digital wallets or traditional bank bill pay,” PYMNTS wrote last month.
Trustly announced earlier this year it now has more than 120 million users worldwide, coming amid rising adoption of Pay by Bank in the U.K.
Around 15 million consumers and businesses in the U.K. are Pay by Bank users, the equivalent of almost a third of the country’s adult population, with the country’s open banking system marking its billionth payment late last month.
Resideo oznámila rekordní tržby ve výši 1,98 mld. USD za 2. čtvrtletí, meziročně o 2 % vyšší, a čistý zisk 97 mil. USD oproti ztrátě 825 mil. USD loni.
Revenue of $1.98 billion, up 2% year-over-year; a new record and above the high-end of outlook range; Products & Solutions ("P&S") up 4% and ADI Global Distribution segment ("ADI") up 1% Gross margin of 30.0%, a new record; 13 consecutive quarters of year-over-year gross margin expansion achieved at P&S Net income of $97 million, compared to net loss of $825 million in second quarter of 2025; Adjusted EBITDA (1) of $249 million, up 19% year-over-year; a new record and above the high-end of outlook range GAAP diluted EPS of $0.51; Adjusted EPS (1) of $0.83, up 26% year-over-year and above the high-end of the outlook range Successfully completed the business separation of ADI on August 3, 2026 (2) , /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global developer and manufacturer of critical control and sensing solutions for residential end-markets, today announced financial results for the second fiscal quarter ended July 4, 2026.
ADI Global Distribution Spin-Off
On August 3, 2026 (the "Distribution Date"), Resideo completed the separation (the "ADI Spin-Off" or the "Separation") of its former ADI Global Distribution segment by distributing to Resideo common shareholders on a pro rata basis all of the issued and outstanding common stock of ADI Global Distribution Inc. ("ADIG"). To effect the Separation, Resideo distributed to its common stockholders one share of ADIG common stock for every two shares of Resideo's common stock outstanding and held as of July 20, 2026, the record date for the distribution.
Resideo's consolidated results for the three and six months ended July 4, 2026 include the historical results of ADI as a consolidated business segment of Resideo since the ADI Spin-Off occurred subsequent to the second fiscal quarter. Beginning with the third quarter of 2026, Resideo will no longer consolidate ADI and the historical results of ADI will be reflected as discontinued operations in our financial statements. Also beginning with the third quarter, the results of the P&S segment, with revenue adjusted to reflect ADI as an external customer and to reflect allocated corporate costs, will be presented as "continuing operations" in Resideo's financial statements and results of operations.
ADIG has announced that it will present its second quarter and year-to-date results derived from Resideo's accounting records and presented on a carve-out basis on August 13, 2026.
Management Remarks
"Resideo's second quarter consolidated results were strong, reporting record high revenue and financial results that were above the high-end of the outlook range for all our key financial metrics. The Products and Solutions segment had another standout quarter with year-over-year revenue growth and the thirteenth consecutive quarter of year-over-year gross margin expansion," said Tom Surran, Resideo's President and CEO.
"With the business separation now complete, Resideo is entirely focused on leveraging our competitive strengths to increase the value we deliver to customers as a standalone building technologies company. With our track record of execution and our focused strategic plan coupled with a stronger gross and operating margin profile, we are poised to deliver profitable growth and drive greater shareholder value."
(1)
This press release includes certain "non-GAAP financial measures" as defined under the Securities Exchange Act of 1934. Resideo management believes the use of such non-GAAP financial measures, including Adjusted EBITDA, Adjusted Net Income, Adjusted EPS, and Adjusted Cash Provided by Operations, assists investors in understanding the ongoing operating performance of Resideo by presenting the financial results between periods on a more comparable basis. See reconciliations of U.S. GAAP results to adjusted results in the accompanying tables.
(2)
The historical results of the ADI segment are included in our unaudited consolidated financial statements for all periods presented as the ADI Spin-Off occurred subsequent to the end of the reported period. In future filings, we will no longer consolidate ADI and the historical results of ADI will be reflected as discontinued operations in Resideo's consolidated financial statements.
Consolidated Second Quarter 2026 Financial Highlights
Revenue of $1,981 million, up 2% compared to $1,943 million in the second quarter of 2025; a new record and above the high-end of the outlook range Gross margin of 30.0%, up 70 basis points year-over-year, a new record impacted by the receipt of $27 million of tariff refunds, of which approximately $20 million was received by ADI Net income of $97 million, compared to net loss of $825 million in the second quarter of 2025 Adjusted EBITDA (1) of $249 million, up 19% compared to $210 million in the second quarter of 2025; second quarter 2026 Adjusted EBITDA was a new record and above the high-end of outlook range Diluted EPS of $0.51 and Adjusted EPS (1) of $0.83 compared to diluted loss per share of $5.59 and Adjusted EPS(1) of $0.66 in the second quarter of 2025; second quarter 2026 Adjusted EPS (1) was above the high end of the outlook range Cash provided by operating activities was $148 million compared to cash provided by operating activities of $200 million in the second quarter of 2025 Products and Solutions Segment Second Quarter 2026 Highlights
Revenue of $695 million, up 4% compared to $666 million in the second quarter of 2025; above the high-end of the segment outlook range Gross margin of 43.6%, up 70 basis points compared to the second quarter of 2025, a new record Income from operations of $138 million, compared to $142 million in the second quarter of 2025 Segment Adjusted EBITDA (1) of $177 million, or 25.5% of revenue, up 6% compared to $167 million, or 25.1% of revenue, in the second quarter of 2025; above the high-end of the segment outlook range P&S revenue of $695 million in the second quarter of 2026 includes a favorable impact of approximately 35 basis points from foreign currency. Revenue grew year-over-year across substantially all of our sales channels and product families due primarily to volume increases given customer demand for our products.
Gross margin of 43.6%, compared to 42.9% in the second quarter of 2025 due primarily to volume increases, favorable manufacturing and supply chain variances, and tariff refunds, partially offset by unfavorable product sales mix. We also incurred inflationary input costs that were partially offset by the price actions we announced last quarter.
Research and development expenses increased $5 million from the second quarter of 2025 as we continue to invest behind new product launches to drive future growth. Selling, general and administrative expenses were up $6 million from the second quarter of 2025, driven primarily by higher legal settlement costs. Restructuring expenses increased $10 million from the second quarter of 2025 as we continue to strategically optimize our manufacturing and operating footprint.
Income from operations of $138 million in the second quarter of 2026 was down 3% from $142 million in second quarter 2025. Segment Adjusted EBITDA (1) of $177 million was up 6% compared to $167 million in the second quarter of 2025.
ADI Global Distribution Segment Second Quarter 2026 Highlights
Revenue of $1,286 million, up 1% compared to the second quarter of 2025; a new record and above the high-end of the segment outlook range Gross margin of 22.7%, up 50 basis points compared to the second quarter of 2025 Income from operations of $64 million, compared to $71 million in the second quarter of 2025 Segment Adjusted EBITDA (1) of $103 million, or 8.0% of revenue, down 4% compared to $107 million or 8.4% of revenue in the second quarter of 2025; above the high-end of the segment outlook range ADI second quarter 2026 revenue of $1,286 million reflects average daily sales growth of 2% year-over-year and one fewer sales day in the current quarter. Revenue growth was driven by security, professional audio-visual, and data communications categories, partially offset by weakness in the residential audio-visual category due primarily to a continued soft U.S. residential housing market.
Gross margin was 22.7%, compared to 22.2% in the second quarter of 2025, and was favorably impacted by the receipt of tariff refunds of approximately $20 million, partially offset by unfavorable price and mix shift and higher fuel costs for freight.
Research and development expenses increased $2 million from the second quarter of 2025 due primarily to investments supporting new product launches to drive future growth. Selling, general and administrative expenses were up $8 million from the second quarter of 2025, driven primarily by higher employee and facility costs. Restructuring expenses increased $4 million from the second quarter of 2025 and were related to the optimization of ADI's operating footprint to better align its cost structure with strategic objectives.
Income from operations of $64 million in the second quarter of 2026 was down 10% from $71 million. Adjusted EBITDA (1) of $103 million decreased 4% compared to $107 million in the second quarter of 2025.
Cash Flow and Liquidity
Net cash provided by operating activities was $148 million in the second quarter of 2026, compared to net cash provided by operating activities of $200 million in the second quarter of 2025. The decrease was driven primarily by approximately $45 million of non-recurring business separation costs and settlement payments, including the payment made in connection with the termination of the Honeywell Tax Matters Agreement, and $20 million of higher cash interest paid, partially offset by higher net income and less cash taxes paid. At July 4, 2026, Resideo had cash, cash equivalents, and restricted cash of $949 million, which included $400 million of cash proceeds from the ADIG notes offering that were funded into escrow. The proceeds of the ADIG notes offering were released to ADIG in connection with the consummation of the ADI Spin-Off and satisfaction of the escrow release conditions. Resideo had total outstanding debt of $3.62 billion at July 4, 2026.
In connection with the ADI Spin-Off, the $400 million of ADIG notes were moved onto the ADIG balance sheet. The ADIG notes are no longer an obligation of Resideo or any of its subsidiaries and will not be included in future balance sheets for Resideo. Also in connection with the ADI Spin-Off, Resideo received a $900 million dividend from ADIG and used the proceeds to repay $900 million of outstanding principal under its Term Loan B credit facility. Resideo expects to make a further repayment of approximately $200 million under its Term Loan B credit facility following the completion of the post-closing cash adjustment under the separation agreement with ADIG. We expect to make this repayment by the end of the third fiscal quarter. Resideo's outstanding Series A Cumulative Convertible Participating Preferred Stock ("Preferred Stock") was reduced by 150,000 shares in connection with the completion of the ADI Spin-Off, leaving 350,000 shares outstanding, with a proportional adjustment to the conversion price thereof. On a go-forward basis, this will result in a proportionally smaller quarterly dividend payable on Resideo's outstanding Preferred Stock.
Standalone Resideo Outlook
Resideo is initiating a standalone 2026 outlook for the third quarter and the full year. This standalone outlook is presented as if we had operated as a standalone company for the first half of 2026 coupled with our standalone outlook for the remainder of the year.
($ in millions)
Q3 2026
2026
Revenue
$705 - $730
$2,900 - $2,950
Non-GAAP Adjusted EBITDA (1)
$145 - $155
$605 - $625
Conference Call and Webcast Details
Resideo will hold a conference call with investors on August 12, 2026, at 5:00 p.m. ET. The webcast can be accessed at https://investor.resideo.com, where the webcast link and related materials will be posted before the call. A replay of the webcast will be available following the presentation.
About Resideo
Resideo is a global building technologies company that is a leading developer and manufacturer of critical control and sensing solutions for residential markets. The company serves professional installers and integrators across diverse product categories, such as heating, ventilation, and air conditioning controls, combustion, life safety, security, and water. Its comfort and protection solutions can be found in more than 150 million residential and commercial spaces globally, with tens of millions of new devices sold annually. More information about Resideo and its trusted brands, including BRK, First Alert, and Honeywell Home, is available at resideo.com.
Contacts:
Investors:
Media:
Christopher T. Lee
Kevin Hunt
Global Head of Strategic Finance
Director, Corporate Communications
[email protected]
[email protected]
Forward-Looking Statements
This release and the related conference call contain "forward-looking statements." All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Although we believe forward-looking statements are based upon reasonable assumptions, such statements involve known and unknown risks and uncertainties, which may cause the actual results or performance of the Company to differ materially from such forward-looking statements. Such risks and uncertainties include, but are not limited to, (1) our ability to achieve our outlook regarding the third quarter 2026 and full year 2026, (2) the ability of Resideo to drive increased customer value and financial returns and enhance strategic and operational capabilities, (3) risks and uncertainties relating to tariffs that have been or may be imposed by the United States and other governments, (4) risks related to our ability to achieve some or all of the expected benefits of the separation of Resideo Technologies' Products & Solutions and ADI Global Distribution businesses into two independent publicly traded companies, (5) our ability to repay outstanding debt obligations on the timing we anticipate or at all, and (6) the other risks described under the headings "Risk Factors" and "Cautionary Statement Concerning Forward-Looking Statements" in our Annual Report on Form 10-K for the year ended December 31, 2025 and other periodic filings we make from time to time with the Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and actual results, developments, and business decisions may differ from those envisaged by our forward-looking statements. Except as required by law, we undertake no obligation to update such statements to reflect events or circumstances arising after the date of this press release and we caution investors not to place undue reliance on any such forward-looking statements.
Use of Non-GAAP Measures
This press release includes certain "non-GAAP financial measures" as defined under the Securities Exchange Act of 1934 and in accordance with regulations issued thereunder. Management believes the use of such non-GAAP financial measures assists investors in understanding the ongoing operating performance of the Company by presenting financial results between periods on a more comparable basis. Such non-GAAP financial measures should not be construed as an alternative to reported results determined in accordance with U.S. GAAP. Readers should also consider the limitations associated with these non-GAAP financial measures, including the potential lack of comparability of these measures from one company to another.
We have included reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated and provided in accordance with U.S. GAAP at the end of this release. A reconciliation of the forecasted range for Adjusted EBITDA for the third quarter of 2026 and for the full year 2026 is not included in this release due to the number of variables in the projected range and because we are currently unable to quantify accurately without unreasonable efforts certain amounts that would be required to be included in the U.S. GAAP measure or the individual adjustments for such reconciliation. In addition, we believe such reconciliation would imply a degree of precision that would be confusing or misleading to investors. However, for the third quarter of 2026 and full year 2026 respectively, on a standalone company basis, we anticipate the following expenses in our GAAP to non-GAAP reconciliation: depreciation and amortization of $23 million and $91 million, interest expense, net of $32 million and $129 million, and stock-based compensation expense of $8 million and $32 million.
Table 1: CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in millions, except par value)
July 4, 2026
December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents
$ 549
$ 661
Restricted cash
400
—
Accounts receivable, net
1,214
1,073
Inventories, net
1,392
1,354
Other current assets
270
270
Total current assets
3,825
3,358
Property, plant and equipment, net
445
447
Goodwill
3,088
3,100
Intangible assets, net
1,049
1,091
Other assets
374
437
Total assets
$ 8,781
$ 8,433
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable
$ 1,116
$ 1,131
Accrued liabilities
605
624
Total current liabilities
1,721
1,755
Long-term debt
3,560
3,167
Other long-term liabilities
494
594
Total liabilities
5,775
5,516
Stockholders' equity:
Preferred stock, $0.001 par value: 100 shares authorized, 0.5 shares issued
and outstanding, and $500 liquidation preference at July 4, 2026 and
December 31, 2025
482
482
Common stock, $0.001 par value: 700 shares authorized, 160 and 152
shares issued and outstanding at July 4, 2026, respectively, and 158 and 150
shares issued and outstanding at December 31, 2025, respectively
—
—
Additional paid-in capital
2,424
2,391
Retained earnings
463
345
Accumulated other comprehensive loss
(186)
(157)
Treasury stock at cost
(177)
(144)
Total stockholders' equity
3,006
2,917
Total liabilities and stockholders' equity
$ 8,781
$ 8,433
Table 2: CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
Three Months Ended
Six Months Ended
(in millions, except per share data)
July 4, 2026
June 28, 2025
July 4, 2026
June 28, 2025
Revenue
$ 1,981
$ 1,943
$ 3,893
$ 3,713
Cost of goods sold
1,386
1,374
2,747
2,633
Gross profit
595
569
1,146
1,080
Operating expenses:
Research and development expenses
48
41
96
76
Selling, general and administrative expenses
332
319
672
625
Intangible asset amortization
31
30
62
60
Restructuring expenses
22
2
28
6
Business separation costs
31
—
55
—
Total operating expenses
464
392
913
767
Income from operations
131
177
$ 233
$ 313
Indemnification Agreement expense (1)
—
882
—
972
Other (income) expense, net (2)
(81)
9
(81)
15
Interest expense, net
46
24
93
49
Net income (loss) before taxes
166
(738)
221
(723)
Provision for income taxes
69
87
86
96
Net income (loss)
97
(825)
135
(819)
Less: preferred stock dividends
8
8
17
17
Less: undistributed income allocated to preferred
stockholders
10
—
13
—
Net income (loss) available to common
stockholders
$ 79
$ (833)
$ 105
$ (836)
Earnings (loss) per common share:
Basic
$ 0.52
$ (5.59)
$ 0.70
$ (5.65)
Diluted
$ 0.51
$ (5.59)
$ 0.68
$ (5.65)
Weighted average common shares outstanding:
Basic
151
149
151
148
Diluted
154
149
155
148
(1)
Represents the expense incurred pursuant to the Indemnification Agreement, which, prior to its termination, we paid our regularly scheduled payments of $70 million during 2025. The following table summarizes information concerning the Indemnification Agreement.
(2)
Primarily represents the $77 million gain recognized pursuant to the termination of the Tax Matters Agreement.
Three Months Ended
Six Months Ended
(in millions)
July 4, 2026
June 28, 2025
July 4, 2026
June 28, 2025
Accrual for Indemnification Agreement liabilities
deemed probable and reasonably estimable
$ —
$ 882
$ —
$ 972
Cash payments made to Honeywell
—
(35)
—
(70)
Indemnification Agreement non-GAAP adjustment
$ —
$ 847
$ —
$ 902
Table 3: CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
Three Months Ended
Six Months Ended
(in millions)
July 4, 2026
June 28, 2025
July 4, 2026
June 28, 2025
Cash Flows From Operating Activities:
Net income (loss)
$ 97
$ (825)
$ 135
$ (819)
Adjustments to reconcile net income (loss) to net
cash in operating activities:
Depreciation and amortization
50
49
101
96
Restructuring expenses
22
2
28
6
Stock-based compensation expense
14
15
28
30
Deferred income taxes
43
—
43
4
Other, net
—
2
—
4
Changes in assets and liabilities:
Accounts receivable, net
(107)
(72)
(149)
(85)
Inventories, net
(39)
(13)
(45)
4
Other current assets
(8)
(35)
(2)
(26)
Accounts payable
98
109
(8)
8
Accrued liabilities
64
185
(50)
73
Non-current obligations payable under the Tax
Matters Agreement
(88)
—
(88)
—
Non-current obligations payable under the
Indemnification Agreement
—
847
—
902
Other, net
2
(64)
10
(62)
Net cash provided by operating activities
148
200
3
135
Cash Flows From Investing Activities:
Capital expenditures
(29)
(20)
(65)
(51)
Other investing activities
10
—
10
—
Net cash used in investing activities
(19)
(20)
(55)
(51)
Cash Flows From Financing Activities:
Proceeds from issuance of long-term debt
400
—
400
—
Repayments of long-term debt
(4)
(2)
(9)
(2)
Acquisition of treasury stock to cover stock
award tax withholding
(1)
(1)
(33)
(16)
Preferred stock dividend payments
(8)
(8)
(17)
(17)
Other financing activities, net
(3)
—
1
2
Net cash provided by (used in) financing
activities
384
(11)
342
(33)
Effect of foreign exchange rate changes on cash,
cash equivalents and restricted cash
(4)
7
(3)
10
Net increase in cash, cash equivalents and restricted
cash
509
176
287
61
Cash, cash equivalents and restricted cash at
beginning of period
440
578
662
693
Cash, cash equivalents and restricted cash at end of
period
$ 949
$ 754
949
754
Table 4: SUMMARY OF FINANCIAL RESULTS (UNAUDITED)
Q2 2026
Full Year 2026
(in millions)
Products
and
Solutions
ADI Global
Distribution
Corporate
Total
Company
Products
and
Solutions
ADI Global
Distribution
Corporate
Total
Company
Revenue
$ 695
$ 1,286
$ —
$ 1,981
$ 1,401
$ 2,492
$ —
$ 3,893
Cost of goods sold
392
994
—
1,386
803
1,944
—
2,747
Gross profit
303
292
—
595
598
548
—
1,146
Research and development
expenses
37
11
—
48
73
23
—
96
Selling, general and
administrative expenses
110
187
35
332
229
373
70
672
Intangible asset amortization
6
25
—
31
12
49
1
62
Restructuring expenses
12
5
5
22
18
5
5
28
Business separation costs
—
—
31
31
—
—
55
55
Income (loss) from operations
$ 138
$ 64
$ (71)
$ 131
$ 266
$ 98
$ (131)
$ 233
Q2 2025
Full Year 2025
(in millions)
Products
and
Solutions
ADI Global Distribution
Corporate
Total Company
Products
and
Solutions
ADI Global Distribution
Corporate
Total Company
Revenue
$ 666
$ 1,277
$ —
$ 1,943
$ 1,315
$ 2,398
$ —
$ 3,713
Cost of goods sold
380
994
—
1,374
760
1,873
—
2,633
Gross profit
286
283
—
569
555
525
—
1,080
Research and development
expenses
32
9
—
41
59
17
—
76
Selling, general and
administrative expenses
104
179
36
319
205
352
68
625
Intangible asset amortization
6
23
1
30
12
46
2
60
Restructuring expenses
2
1
(1)
2
1
5
—
6
Income (loss) from operations
$ 142
$ 71
$ (36)
$ 177
$ 278
$ 105
$ (70)
$ 313
Q2 2026 % change compared with prior
period
Full Year 2026 % change compared
with prior period
Products
and
Solutions
ADI Global Distribution
Corporate
Total Company
Products
and
Solutions
ADI Global Distribution
Corporate
Total Company
Revenue
4 %
1 %
N/A
2 %
7 %
4 %
N/A
5 %
Cost of goods sold
3 %
— %
N/A
1 %
6 %
4 %
N/A
4 %
Gross profit
6 %
3 %
N/A
5 %
8 %
4 %
N/A
6 %
Research and development
expenses
16 %
22 %
N/A
17 %
24 %
35 %
N/A
26 %
Selling, general and
administrative expenses
6 %
4 %
(3) %
4 %
12 %
6 %
3 %
8 %
Intangible asset amortization
— %
9 %
(100) %
3 %
— %
7 %
(50) %
3 %
Income (loss) from operations
(3) %
(10) %
97 %
(26) %
(4) %
(7) %
87 %
(26) %
NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS
ADJUSTED NET INCOME AND ADJUSTED DILUTED EARNINGS PER SHARE
(UNAUDITED)
Three Months Ended
Six Months Ended
(in millions, except per share data)
July 4, 2026
June 28, 2025
July 4, 2026
June 28, 2025
GAAP Net income (loss)
$ 97
$ (825)
$ 135
$ (819)
Less: preferred stock dividends
8
8
17
17
Less: undistributed income allocated to preferred
stockholders
10
—
13
—
GAAP Net income (loss) available to common
stockholders
79
(833)
105
(836)
Indemnification Agreement expense (1)
—
847
—
902
One-time tax impact of Indemnification Agreement
—
42
—
42
Tax Matters Agreement settlement (2)
(33)
—
(33)
—
Intangible asset amortization
31
30
62
60
Business separation costs
31
—
55
—
Restructuring expense
22
2
28
6
Stock-based compensation expense
14
15
28
30
Litigation settlement
1
—
19
—
Undistributed income allocated to preferred
stockholders
10
—
13
—
Other (3)
(5)
11
(5)
18
Tax effect of applicable non-GAAP adjustments (4)
(22)
(15)
(43)
(29)
Non-GAAP Adjusted net income
$ 128
$ 99
$ 229
$ 193
Three Months Ended
Six Months Ended
July 4, 2026
June 28, 2025
July 4, 2026
June 28, 2025
GAAP Net income (loss) available to common
shareholders per diluted common share
$ 0.51
$ (5.59)
$ 0.68
$ (5.65)
Indemnification Agreement expense (1)
—
5.61
—
5.97
One-time tax impact of Indemnification Agreement
—
0.28
—
0.28
Tax Matters Agreement activity (2)
(0.21)
—
(0.21)
—
Intangible asset amortization
0.20
0.20
0.40
0.40
Business separation costs
0.20
—
0.35
—
Restructuring expense
0.14
0.01
0.18
0.04
Stock-based compensation expense
0.09
0.10
0.18
0.20
Litigation settlement
0.01
—
0.12
—
Undistributed income allocated to preferred
stockholders
0.06
—
0.08
—
Impact of incremental dilutive shares
—
0.07
—
0.11
Other (3)
(0.03)
0.08
(0.03)
0.12
Tax effect of applicable non-GAAP adjustments (4)
(0.14)
(0.10)
(0.27)
(0.19)
Non-GAAP Adjusted diluted earnings per share
$ 0.83
$ 0.66
$ 1.48
$ 1.28
(1)
Refer to the Unaudited Consolidated Statements of Operations herein.
(2)
We recognized a gain of $77 million in Other income and derecognized $44 million of deferred tax assets that were no longer realizable to Income tax expense in connection with the termination of the Tax Matters Agreement.
(3)
For 2026 periods, Other includes net periodic pension benefit costs, excluding service costs, foreign exchange transactions loss (income), gain on sale of assets, and miscellaneous other non-recurring, non-operating income and losses. For 2025 periods, Other includes net periodic pension benefit costs, excluding service costs, foreign exchange transaction loss (income), gain on sale of business, acquisition-related integration costs, and miscellaneous other non-recurring, non-operating income and losses.
(4)
We calculate the tax effect of relevant non-GAAP adjustments by applying a flat statutory tax rate of 25% for all non-deductible and taxable adjustments.
NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS
GAAP NET INCOME AND ADJUSTED EBITDA
(UNAUDITED)
Three Months Ended
Six Months Ended
(in millions)
July 4, 2026
June 28, 2025
July 4, 2026
June 28, 2025
Revenue
$ 1,981
$ 1,943
$ 3,893
$ 3,713
GAAP Net income (loss)
$ 97
$ (825)
$ 135
$ (819)
GAAP Net income (loss) as a % of revenue
4.9 %
(42.5) %
3.5 %
(22.1) %
Provision for income taxes (1)
69
87
86
96
GAAP Net income (loss) before taxes
166
(738)
221
(723)
Indemnification Agreement expense (2)
—
847
—
902
Termination of Tax Matters Agreement (1)
(77)
—
(77)
—
Depreciation and amortization
50
49
101
96
Interest expense, net
46
24
93
49
Business separation costs
31
—
55
—
Stock-based compensation expense
14
15
28
30
Restructuring expenses
22
2
28
6
Litigation settlement
1
—
19
—
Other (3)
(4)
11
(4)
18
Non-GAAP Adjusted EBITDA
$ 249
$ 210
$ 464
$ 378
Non-GAAP Adjusted EBITDA as a % of revenue
12.6 %
10.8 %
11.9 %
10.2 %
(1)
We recognized a gain of $77 million in Other income and derecognized $44 million of deferred tax assets that were no longer realizable to Income tax expense in connection with the termination of the Tax Matters Agreement.
(2)
Refer to the Unaudited Consolidated Statements of Operations herein.
(3)
For 2026 periods, Other includes net periodic pension benefit costs, excluding service costs, foreign exchange transactions loss (income), gain on sale of assets, and miscellaneous other non-recurring, non-operating income and losses. For 2025 periods, Other includes net periodic pension benefit costs, excluding service costs, foreign exchange transaction loss (income), gain on sale of business, acquisition-related integration costs, and miscellaneous other non-recurring, non-operating income and losses.
NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS
(UNAUDITED)
PRODUCTS AND SOLUTIONS SEGMENT
Three Months Ended
Six Months Ended
(in millions)
July 4, 2026
June 28, 2025
July 4, 2026
June 28, 2025
Revenue
$ 695
$ 666
$ 1,401
$ 1,315
GAAP Income from operations
$ 138
$ 142
$ 266
$ 278
GAAP Income from operations as a % of
revenue
19.9 %
21.3 %
19.0 %
21.1 %
Litigation settlement
—
—
18
—
Restructuring expense
12
2
18
1
Stock-based compensation expense
5
4
10
9
Other
1
—
—
—
Non-GAAP Adjusted Income from Operations
$ 156
$ 148
$ 312
$ 288
Depreciation and amortization
21
19
42
37
Non-GAAP Adjusted EBITDA
$ 177
$ 167
$ 354
$ 325
Non-GAAP Adjusted EBITDA as a % of
revenue
25.5 %
25.1 %
25.3 %
24.7 %
.
ADI GLOBAL DISTRIBUTION SEGMENT
Three Months Ended
Six Months Ended
(in millions)
July 4, 2026
June 28, 2025
July 4, 2026
June 28, 2025
Revenue
$ 1,286
$ 1,277
$ 2,492
$ 2,398
GAAP Income from operations
$ 64
$ 71
$ 98
$ 105
GAAP Income from operations as a % of
revenue
5.0 %
5.6 %
3.9 %
4.4 %
Stock-based compensation expense
4
5
8
9
Restructuring expense
5
1
5
5
Litigation settlement
(1)
—
(1)
—
Other
2
2
1
4
Non-GAAP Adjusted Income from Operations
$ 74
$ 79
$ 111
$ 123
Depreciation and amortization
29
28
58
56
Non-GAAP Adjusted EBITDA
$ 103
$ 107
$ 169
$ 179
Non-GAAP Adjusted EBITDA as a % of
revenue
8.0 %
8.4 %
6.8 %
7.5 %
BRIDGE FROM P&S SEGMENT RESULTS TO RESIDEO
(UNAUDITED)
Q1 2026(3)
Q2 2026(3)
1H 2026(3)
(In millions)
P&S Reported Segment Revenue
$ 706
$ 695
$ 1,401
Sales to ADI
46
43
89
Standalone Adjusted Revenue
752
738
1,490
Standalone Adjusted COGS (1)
457
435
892
Standalone Gross Profit
295
303
598
Research and development expenses
37
37
74
Selling, general and administrative expenses
120
109
229
Incremental SG&A (ex: Depr & SBC)
19
20
39
Incremental Depreciation
1
1
2
Incremental SBC
3
3
6
Standalone SG&A (2)
143
133
276
Intangible asset amortization
6
6
12
Incremental Intangible Asset Amortization
1
1
2
Restructuring expenses
6
12
18
Standalone Adjusted Income from operations
102
114
216
Reported Segment AEBITDA
177
$ 177
$ 354
Incremental SG&A (ex: Depr & SBC)
19
20
39
Standalone AEBITDA
$ 158
$ 157
$ 315
Standalone Adjustments in Blue have been calculated as if the ADI Spin-Off had been completed on January 1, 2026.
(1)
Standalone Adjusted COGS reflects a gross up adjustment for intercompany sales to ADI.
(2)
Q1 2026 does not include approximately $7 million of executive, pension, and other nonrecurring costs associated with the Spin-Off of the ADI Global Distribution business.
(3)
Does not include continuing operations basis of accounting. The ADI Spin-Off was completed on August 3, 2026. For the second quarter, Resideo has not yet completed the procedures to account for the ADI segment as discontinued operations. Beginning in the third quarter, Resideo will account for the ADI segment as discontinued operations for such quarter and prior periods.
PTC Therapeutics vyhrála aukci na koupi programu ST-920 pro Fabryho chorobu od Sangamo Therapeutics za 111 milionů USD předem a až 100 milionů USD v milníkových platbách. Podání BLA se očekává ve 4. čtvrtletí 2026.
– Planned acquisition leverages existing regulatory and commercial infrastructure and leadership's experience in Fabry therapy commercialization –
– ST-920 is a one-time administered AAV gene therapy for the enzyme deficient in Fabry disease with demonstrated long-term clinical benefits and safety profile –
– BLA submission expected to be completed in Q4 2026 with potential for commercial launch in 2027 –
– PTC will host a conference call today, Aug. 12, at 5 p.m. ET –
, /PRNewswire/ -- PTC Therapeutics, Inc., (NASDAQ: PTCT) today announced that it was selected as the winning bidder to acquire ST-920 – a BLA-stage one-time administered AAV gene therapy for Fabry disease – from Sangamo Therapeutics in a competitive bankruptcy auction. The terms include $111 million upfront and up to $100 million in contingent milestone payments based on certain regulatory approvals. A rolling BLA submission to FDA for accelerated approval of ST-920 is expected to be completed in Q4 2026. The BLA is based on evidence of meaningful favorable clinical effect on renal function and safety and tolerability profile over 52 weeks in the Phase 1/2 STAAR study.
"This transaction advances our strategy of leveraging our accomplished existing rare disease global commercial infrastructure to accelerate short- and intermediate-term revenue growth," said Matthew B. Klein, M.D., Chief Executive Officer. "The ST-920 gene therapy program puts another innovative and valuable product in the demonstrated capable hands of our customer-facing teams. This was a unique opportunity with the potential for significant return on investment without the need for any development or commercial build and without impacting our objective of reaching cashflow break even in 2026. We look forward to working to bring ST-920 to all individuals who may benefit from this therapy as quickly as possible."
Fabry disease is a rare, inherited lysosomal storage disorder caused by mutations in the GLA gene, resulting in deficiency of the alpha-galactosidase A (α-Gal A) enzyme and causing a range of serious signs and symptoms that require lifelong treatments. It is estimated that there are 11,000 people living with Fabry disease in the United States with similar prevalence rates in markets where PTC has the potential to commercialize.
ST-920 is designed as a one-time administered AAV gene therapy that enables long-term production of the deficient α-Gal A enzyme and significant reduction in globotriaosylceramide (Gb3) levels with demonstrated durable clinical benefit and reduction of the burden associated with chronic Enzyme Replacement Therapy (ERT). ST-920 has received Regenerative Medicine Advanced Therapy (RMAT) designation as well as Orphan Drug and Fast Track designations from FDA.
The Phase 1/2 STAAR study demonstrated positive mean annualized estimated glomerular filtration rate (eGFR) slope at 52 weeks following ST-920 administration, as well as evidence of favorable effect on other aspects of Fabry disease including cardiac function and quality of life. The finding of improved eGFR over 52 weeks is differentiated from other Fabry therapies which demonstrated improved renal function but still negative eGFR slope from baseline. Furthermore, all study participants on ERT at study start were withdrawn from ERT. Durability of effect has been demonstrated with sustained increased α-Gal A activity maintained for up to 4.5 years for the earliest treated study participant, and evidence of maintained improvements in renal function across the study population. In addition, ST-920 has demonstrated an encouraging safety and tolerability profile and there is no requirement for routine prophylactic or post-infusion systemic immunosuppressive agents.
The BLA submission for accelerated approval is based on the intermediate clinical endpoint of annualized eGFR at Week 52 as aligned with FDA, with 104-week results from the STAAR study planned to provide confirmatory evidence to support traditional approval. The nonclinical and clinical BLA modules have already been submitted as part of a rolling submission, with the CMC package expected to be submitted in Q4 2026. PTC will also pursue regulatory approval outside of the United States, again leveraging existing regulatory and commercial rare disease infrastructure.
The acquisition remains subject to definitive documentation, bankruptcy court approval, antitrust review, and other customary closing conditions. It is expected to close in late Q3 or early Q4 2026.
Conference Call and Webcast Details
PTC will hold a conference call today at 5 p.m. ET to discuss this news. To access the live webcast, please visit Events & Presentations within the Investors section of the PTC website. A replay of the webcast will be available on the PTC website for 30 days following the event. To participate via phone, please register in advance here to receive dial-in details.
About the STAAR Study
The Phase 1/2 STAAR study was a global open-label, single-dose, dose-ranging, multicenter clinical study designed to evaluate isaralgagene civaparvovec, or ST-920, a gene therapy product candidate in patients with Fabry disease. Isaralgagene civaparvovec requires a one-time infusion without preconditioning. The STAAR study enrolled patients who were on ERT, were ERT pseudo-naïve (defined as having been off ERT for six or more months), or who were ERT-naïve. The FDA has granted Orphan Drug, Fast Track, and RMAT designations to isaralgagene civaparvovec, which has also received Orphan Medicinal Product designation and PRIME eligibility from the European Medicines Agency and Innovative Licensing and Access Pathway from the U.K. Medicines and Healthcare products Regulatory Agency.
About Fabry Disease
Fabry disease is a lysosomal storage disorder caused by mutations in the galactosidase alpha gene (GLA), which leads to deficient alpha-galactosidase A (α-Gal A) enzyme activity, which is necessary for metabolizing globotriaosylceramide (Gb3). The buildup of Gb3 in the cells can cause serious damage to vital organs, including the kidney, heart, nerves, eyes, gut and skin. Symptoms of Fabry disease can include decreased or absent sweat production, heat intolerance, angiokeratoma (skin blemishes), vision problems, kidney disease, heart failure, gastrointestinal disturbance, mood disorders, neuropathic pain and tingling in the extremities.
About PTC Therapeutics, Inc.
PTC is a global biopharmaceutical company dedicated to the discovery, development and commercialization of clinically differentiated medicines for children and adults living with rare disorders. PTC is advancing a robust and diversified pipeline of transformative medicines as part of its mission to provide access to best-in-class treatments for patients with unmet medical needs. The company's strategy is to leverage its scientific expertise and global commercial infrastructure to optimize value for patients and other stakeholders. To learn more about PTC, please visit www.ptcbio.com and follow us on LinkedIn, X, Facebook and Instagram.
For more information please contact:
Investors:
Ellen Cavaleri
+1 (615) 618-8228
[email protected]
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. All statements contained in this release, other than statements of historic fact, are forward-looking statements, including the Company's expectations regarding the proposed acquisition, including the expectation of finalizing definitive documentation for the transaction and the entry of an bankruptcy court order approving the transaction; the Company's ability to complete the acquisition; the anticipated benefits of ST-920; the timing of and potential for regulatory submissions and potential commercial launch for ST-920, if acquired; and PTC's strategy, future operations, future financial position, future revenues, projected costs; and the objectives of management. Other forward-looking statements may be identified by the words, "guidance," "plan," "anticipate," "believe," "estimate," "expect," "intend," "may," "target," "potential," "will," "would," "could," "should," "continue," "aim," and similar expressions.
PTC's actual results, performance or achievements could differ materially from those expressed or implied by forward-looking statements it makes as a result of a variety of risks and uncertainties, including those related to: uncertainty surrounding the bankruptcy's court entry of an order approving the acquisition and the possibility that the acquisition is not completed; the outcome of pricing, coverage and reimbursement negotiations with third party payors for PTC's products or product candidates that PTC commercializes or may commercialize in the future; expectations with respect to Sephience, including commercialization and the potential achievement of sales milestones and contingent payments that PTC may be obligated to make; PTC's ability to maintain its marketing authorization of Translarna for the treatment of nmDMD in geographies in which it has been approved and the effect of the European Commission's adoption of the negative opinion from the Committee for Medicinal Products for Human Use (CHMP) on Translarna and the withdrawal of the Translarna NDA in the US on other regulatory bodies; expectations with respect to PTC's license and collaboration agreement with Novartis Pharmaceuticals Corporation for votoplam for the treatment of Huntington's disease including its right to receive development, regulatory and sales milestones, profit sharing and royalty payments from Novartis, the design and expected timing of clinical trials and studies, the availability of data, and regulatory submissions and responses, including potential accelerated approval; expectations with respect to Upstaza/Kebilidi, including commercialization, manufacturing capabilities, and the potential achievement of sales milestones and contingent payments that PTC may be obligated to make; expectations with respect to vatiquinone, including with respect to the design and expected timing of clinical trials and studies, the availability of data, and regulatory submissions and responses and potential approvals and other matters; expectations with respect to the commercialization of Evrysdi under PTC's SMA collaboration; expectations with respect to the commercialization of Tegsedi and Waylivra; expectations regarding PTC's product candidates, including the timing of clinical trials and studies; significant business effects, including the effects of industry, market, economic, political or regulatory conditions; changes in tax and other laws, regulations, rates and policies; the eligible patient base and commercial potential of PTC's products and product candidates; PTC's scientific approach and general development progress; PTC's ability to satisfy its obligations under the terms of its lease agreements; the sufficiency of PTC's cash resources and its ability to obtain adequate financing in the future for its foreseeable and unforeseeable operating expenses and capital expenditures; and the factors discussed in the "Risk Factors" section of PTC's Annual Report on Form 10-K, as well as any updates to these risk factors filed from time to time in PTC's other filings with the SEC. You are urged to carefully consider all such factors.
The forward-looking statements contained herein represent PTC's views only as of the date of this press release and PTC does not undertake or plan to update or revise any such forward-looking statements to reflect actual results or changes in plans, prospects, assumptions, estimates or projections, or other circumstances occurring after the date of this press release except as required by law.
GnosisDAO začíná hlasovat o GIP-153, který by z Gnosis Chain udělal první instanci EEZ. Pokud projde, síť se přebuduje na ZK-provený EEZ rollup bez změny adres, zůstatků ani xDAI.
The Ethereum Economic Zone was just a vision in March. Today, Gnosis Chain has moved to become the first implementer.
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Earlier this year, the introduction of the Ethereum Economic Zone (EEZ) vision catalyzed plenty of optimism. Through ambition and determination, the Ethereum community can tackle its UX thorns.
However, upon its announcement the EEZ was only that, a vision. Fast forward to today, though, and this idea has come much further into focus.
GIP-153 is live: the proposal for Gnosis Chain to become the first instance of the @etheconomiczone.
What it proposes:
> Gnosis Chain re-based onto Ethereum. Same chain, same addresses, xDAI stays the gas token
> Every mainnet asset, pool and oracle one atomic call away, and… pic.twitter.com/VeYdzfJcru
— Gnosis Chain (@gnosischain) August 12, 2026 Today the Gnosis community began voting on GIP-153, a proposal to change the strategic direction of Gnosis Chain that, if passed, would greenlight design work to recenter the network from a standalone Layer 1 into the inaugural instance of the EEZ.
If you missed the news back in March, the EEZ is a Gnosis and ZisK-led effort, funded by the Ethereum Foundation as shared public infra, aimed at giving Ethereum L1 and its rollups synchronous composability: the ability for a contract on one chain to call a contract on another and get a result back in the same atomic transaction without bridging.
What’s the Ethereum Economic Zone? on Bankless
Ethereum’s liquidity fragmentation problem might not be an issue for much longer.
BanklessWilliam M. Peaster
The grand idea is that if this architecture is brought to fruition, then Ethereum's whole ecosystem can have UX that feels like using a single chain again, just like in the days before Layer 2s. And this advance could be pulled off without Ethereum itself needing to make any protocol-level changes. Beyond the technical work needed here, though, you also need chains to commit to joining the EEZ.
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We haven't seen such commitment intrigues yet until today with the official opening of GIP-153, which specifically asks GnosisDAO to align on transitioning Gnosis Chain directly onto Ethereum as a ZK-proven EEZ rollup.
Notably, this transition wouldn't entail a literal migration to some new chain, as addresses, balances, and the xDAI gas token would stay exactly as they are now. What would happen is the sunsetting of Gnosis Chain's validator, shifting the responsibilities entirely to Ethereum's validators. GnosisDAO's treasury-funded staking subsidy would end too, replaced by a fee-capture model tied to network usage.
The rollout would be phased, as well. The first deployment could be out as early as December 2026 and would aim to provide "80% of the synchronous-composability unlock for around 40-50% of the total engineering effort," with the full finished release prepared throughout next year.
Again, this is the first real EEZ greenlighting effort the Ethereum community has seen, and it won't be the last. Future EEZ adopters will likely follow the same playbook Gnosis has modeled here, i.e. public debate, formal proposal, Snapshot vote, and then implementation work. At the time of writing, the GIP-153 vote was sitting around 98% in favor, though quorum is still early (9% of the threshold) and the vote will be open through August 19th.
Thus it seems the promise of the EEZ is now a little closer within reach. If passed, one could hold a position on a Gnosis lending market before closing it out directly into a stablecoin sitting on Ethereum mainnet, all without ever bridging or touching a second wallet. The reverse works too: funds that only ever existed on Ethereum could open or fund something on Gnosis in the same atomic step.
Of course, it's worth keeping in mind that GIP-153 is an alignment vote, so if it passes, Gnosis's engineering team still has to chart the path forward, including how sequencer decentralization gets handled and other related technical issues. But even with these sorts of outstanding matters, GIP-153 is a milestone that suggests the EEZ will, in fact, become more than just a theoretical roadmap. Now, let's see what other chains might decide to follow suit next.
, /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, today announced that its Board of Directors has declared a quarterly cash dividend of $0.32 per share. This dividend is payable on September 9, 2026 to stockholders of record as of the close of business on August 26, 2026.
About Century Communities:
Century Communities, Inc. (NYSE: CCS) is one of the nation's largest homebuilders and a recognized industry leader in online home sales. Newsweek has named the Company one of America's Most Trustworthy Companies for four consecutive years. Century Communities has also been designated as one of U.S. News & World Report's Best Companies to Work For (2025–2026). Through its Century Communities and Century Complete brands, Century's mission is to build attractive, high-quality homes at affordable prices to provide its valued customers with A HOME FOR EVERY DREAM®. Century is engaged in all aspects of homebuilding — including the acquisition, entitlement and development of land, along with the construction, innovative marketing and sale of quality homes designed to appeal to a wide range of homebuyers. The Company operates in 16 states and over 45 markets across the U.S., and also offers mortgage, title, insurance brokerage, and escrow services in select markets through its Inspire Home Loans, Parkway Title, IHL Home Insurance Agency, and IHL Escrow subsidiaries. To learn more about Century Communities, please visit www.centurycommunities.com.
Contact Information:
Tyler Langton, Senior Vice President of Investor Relations and Finance
303-268-8345
[email protected]
Delek Logistics Partners spustila veřejnou nabídku kmenových jednotek v objemu 175 milionů USD. Upisovatelé mohou navíc koupit až za 26,25 milionu USD.
BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) announced today that it has commenced an underwritten public offering of $175 million of common units representing limited partner interests in Delek Logistics pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission (the “SEC”). A preliminary prospectus supplement relating to the offering will also be filed with the SEC. Delek Logistics intends to grant the underwriters a 30-day option to purchase up to an additional $26.25 million of common units. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Delek Logistics intends to use the net proceeds from the offering (including any net proceeds from the underwriters’ exercise of their option to purchase additional common units) to repay outstanding borrowings under its revolving credit agreement and for general partnership purposes.
Truist Securities, Inc., Mizuho, and Raymond James & Associates, Inc. are acting as joint book-running managers for the offering. A copy of the preliminary prospectus supplement and accompanying base prospectus relating to this offering may be obtained from any of the underwriters, including Truist Securities, Inc. at 740 Battery Ave SE, 3rd Floor, Atlanta, Georgia 30339, Attention: Equity Capital Markets or by email at [email protected]; Mizuho at 1271 Avenue of the Americas, 3rd Floor, New York, NY 10020, Attention: Equity Capital Markets or by email at [email protected]; and Raymond James & Associates, Inc. at 880 Carillon Parkway, St. Petersburg, Florida 33716, Attention: Equity Syndicate or by email at [email protected]. You may also obtain these documents for free when they are available by visiting the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”).
About Delek Logistics Partners, LP
Delek Logistics is a midstream energy master limited partnership headquartered in Brentwood, Tennessee. Through its owned assets and joint ventures located primarily in and around the Permian Basin, the Delaware Basin and other select areas in the Gulf Coast region, Delek Logistics provides gathering, pipeline and other transportation services primarily for crude oil and natural gas customers, storage, wholesale marketing and terminalling services primarily for intermediate and refined product customers, and water disposal and recycling services.
Delek Holdings (NYSE: DK) owns the general partner interest as well as a majority limited partner interest in Delek Logistics and is also a significant customer.
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, including statements regarding the closing of the offering and the anticipated use of the net proceeds therefrom. These statements may contain words such as “possible,” “believe,” “should,” “could,” “would,” “predict,” “plan,” “estimate,” “intend,” “may,” “anticipate,” “will,” “if,” “expect” or similar expressions, as well as statements in the future tense, are made as of the date they were first issued and are based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Delek Logistics’ control. Delek Logistics’ actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including, but not limited to, market risks and uncertainties, including those which might affect the offering. These and other potential risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Delek Logistics’ filings and reports with the SEC, including the Annual Report on Form 10-K for the year ended December 31, 2025, the Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2026 and June 30, 2026 and other reports and filings with the SEC.
Ředitel společnosti Remitly Global Nigel W. Morris prodal 8 938 akcií za průměrnou cenu 25,43 USD a stále drží 1 882 056 akcií. Akcie jsou letos výše, ale zůstávají asi 45 % pod post-IPO maximy.
Remitly Global, Inc. (RELY +2.63%) Director Nigel W. Morris reported a sale of 8,938 shares of common stock on August 7, according to an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$227,293Shares sold (directly held)8,938Post-transaction shares (directly held)1,882,056Post-transaction value$45.96 millionTransaction value based on SEC Form 4 weighted average sale price ($25.43); post-transaction value based on the August 7 market close ($24.42).
Key questionsWhat was the nature of this transaction?
Morris executed a direct open-market sale of 8,938 shares at a weighted average price of $25.43 per share. This was a discretionary move that did not involve tax-related withholding or a pre-arranged trading plan, according to the filing.How does this impact the insider's equity position?
The sale reduced the director's total direct equity stake by 0.5%. Despite the transaction, the reporting person maintains a substantial position of 1,882,056 shares with a market value of $45.96 million as of the August 7 close.What is the broader ownership context for Remitly Global?
The current holding reported by the director is held entirely in a direct capacity, with no indirect holdings or derivative securities disclosed in this specific filing.Where does the stock price sit relative to the transaction?
The shares were sold at $25.43, slightly above the market close of $24.42 on the day of the trade. As of the August 10 market close, the stock was priced at $23.14.Company OverviewMetricValueShare Price (as of market close 2026-08-10)$23.14Market Capitalization$4.9 billionRevenue (TTM)$1.8 billionNet Income (TTM)$305.0 millionCompany SnapshotRemitly Global specializes in digital financial services for immigrants and their families, with a primary focus on international money transfers operating across 170 countries, generating revenue through transaction fees and value-added financial services.The company operates a digital-first platform that enables customers to send money internationally with competitive pricing and fast settlement times, monetizing through transaction fees, foreign exchange margins, and complementary financial products.Remitly's primary customers are immigrant workers and their families in developing markets who rely on remittances for household income, with a strategic focus on emerging markets where traditional banking infrastructure remains limited.Remitly Global is a leading digital remittance platform serving the global immigrant population with a market capitalization of $4.9 billion and TTM revenue of $1.8 billion. The company has established a scalable technology infrastructure that enables cross-border payments at lower costs than traditional money transfer operators, positioning itself as a disruptive alternative to legacy remittance channels. With a growing base of digital-native customers, Remitly maintains competitive advantages through its technology platform, operational efficiency, and deep understanding of emerging market customer needs.
What this transaction means for investorsMorris trimmed just half a percent of his stake and kept more than 1.8 million shares, which reads closer to a small housekeeping sale than a signal long-term investors should read into. Yes, this was a discretionary open-market trade, not tax withholding or a scheduled exercise, but in light of the transaction size, that simply makes the restraint more telling than the sale.
Meanwhile, Remitly has more than earned investor patience lately. It grew second-quarter revenue 20% to $495 million, crossed 10 million active customers for the first time, and lifted adjusted EBITDA 79% to a record $115 million. New CEO Sebastian Gunningham called the quarter "a direct reflection of" the company's strategy and share gains, with the stock roughly doubling off its lows this year. Even after that run, shares sit around 45% below their post-IPO highs, so it could be that Morris is waiting for the stock to finish closing that gap, and that’s ultimately a good indication for long-term investors, along with the firm’s latest earnings.
Jonathan Ponciano 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.
H.B. Fuller potvrdila nevyžádaný návrh od Ancora Holdings na koupi divize Building Adhesives Solutions za 1,1 až 1,2 miliardy USD v hotovosti. Představenstvo nabídku posoudí.
ST. PAUL, Minn.--(BUSINESS WIRE)--H.B. Fuller Company (“H.B. Fuller” or “the Company”) (NYSE: FUL), the world’s largest pureplay adhesives company, confirmed receipt of an unsolicited proposal today from Ancora Holdings Group to acquire its Building Adhesives Solutions (“BAS”) business for between $1.1 billion and $1.2 billion in cash.
Although Ancora previously expressed a passing verbal interest in BAS, the letter received today, simultaneous to the news being made public, represents the first offer that Ancora has made for this business.
H.B. Fuller’s management team and Board of Directors regularly review the Company’s portfolio to maximize shareholder value creation. Consistent with that focus, the Board will carefully evaluate the proposal in consultation with its financial and legal advisors.
About H.B. Fuller
As the largest pureplay adhesives company in the world, H.B. Fuller’s (NYSE: FUL) innovative, functional coatings, adhesives and sealants enhance the quality, safety and performance of products people use every day. Founded in 1887, with 2025 revenue of $3.5 billion, our mission to Connect What Matters is brought to life by more than 7,100 global team members who collaborate with customers across more than 30 market segments in 150 countries to develop highly specified solutions that enable customers to bring world-changing innovations to their end markets. Learn more at www.hbfuller.com.
