Aevo spustilo spotové trhy pro šest tokenizovaných reálných aktiv od Ondo Finance, která lze držet, obchodovat i zajišťovat ze stejného účtu jako opce a perpetuals.
For the first time on Aevo, traders can hold, trade, and hedge tokenized real-world assets from the same account as their options and perps.
Until today, a trader running options and perps on Aevo and an investor holding tokenized real-world assets on mainnet were in different places, different venues, different balances, different mental models for what each account was for.
That separation ended with spot markets for six tokenized real-world assets now live on Aevo, powered by Ondo Finance.
NVDAon (NVIDIA), TSLAon (Tesla), SPYon (SPDR S&P 500 ETF), QQQon (Invesco QQQ), HOODon (Robinhood), and GOOGLon (Alphabet) are now buyable, holdable, and tradeable on Aevo Chain, sitting inside the same account where traders already run their perpetuals and options.
The account, extended The launch is built on a single premise: a portfolio holds assets and trades from the same place. A trader who runs NVDA perps on Aevo can now hold NVDAon in the same account. A holder whose Ondo assets have been sitting idle on mainnet now has somewhere those assets have a job.
The six assets bridge to Aevo Chain with zero gas, and swaps run on Aevo’s L2 in either direction, stables to Ondo assets and back. The bridge runs both ways, and positions open and close around the clock.
The strategy, day one Every launch asset has its matching perpetual futures market already live on Aevo, so from the first hour, traders can go long NVDAon and short the NVDA perp from the same account, running a delta-neutral position on a real-world asset entirely onchain.
The perp leg earns rewards across Aevo’s trading reward streams, while the spot leg earns nothing. The capability is there across all six launch assets. The strategy is shown as intent and outcome: hedge the stock with its perp, one account, both legs.
The assets, stated precisely The six assets are issued by Ondo Finance, the RWA category leader, and backed one-to-one by the underlying.
The relationship is an ecosystem integration: Ondo assets, powered by Ondo, on Aevo. The assets are cleared through Ondo’s full review and compliance process while Aevo is an approved venue.
What comes next Today’s launch is the foundation layer of a longer story; the assets arrived now, and what they unlock comes next: buy them now, use them soon.
[QUOTE PLACEHOLDER: Getting spot RWA assets on the exchange now enables more trading strategies; users are now able to edge their spot RWA positions with the corresponding perp (and vice versa).]
The direction is capital efficiency, as most tokenized assets sit in wallets with nothing to do, no venue to trade against, no strategy to run, no way to make the holding work.
The account Aevo is building moves in a different direction: assets you hold and derivatives you control, in one place, with each side working alongside the other rather than sitting separately.
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Dva ředitelé Pfizer nakoupili akcie PFE za celkem 1,96 milionu USD, zatímco SVP a kontrolorka společnosti část prodala. Nákupy přišly po silných výsledcích za 2. čtvrtletí a zvýšení celoročního výhledu.
As Pfizer Inc. (NYSE: PFE) stock gained over 5% this week fueled by its strong second quarter 2026 earnings report, Finbold has observed its increased insider trading .
Two Pfizer directors, Ronald E. Blaylock and Mortimer J. Buckley spent a total of $1,959,190 to purchase PFE shares on August 5, according to data from Secform4, which Finbold analyzed on August 7. Specifically, Blaylock spent $998,821 to buy 39,231 Pfizer shares at an average price of $25.46, hence increasing shares stake to 71,688.
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Buckley bought 37,632 PFE shares for $960,369 at an average price of $25.52, thereby inflating the holdings to 37,632 shares. On the other hand, Danica Jennifer, the company’s Senior Vice President (SVP) and Controller, sold 3,278 Pfizer shares for $83,261 at an average price of $25.4, thus currently holding 28,611 shares.
Pfizer’s insider trading. Source: Secform4 As a result, Pfizer insider trading has resulted in a net purchase of about $1,875,929.
Why are top executives net-buying Pfizer stock? Top executives at Pfizer are net buying PFE shares after the company delivered a strong quarterly earnings report, raised its full-year guidance, and announced billions in new cost cuts. Pfizer announced $15.03 billion in revenue, which beat analysts’ expectations of $14.41 billion.
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Additionally, the company raised its full-year 2026 guidance to a range of $60.5 billion to $62.5 billion, up from $59.5 billion to $62.5 billion. The upward adjustment was fueled by its newly acquired drugs that consist of non-COVID portfolio.
As such, several Wall Street analysts, including Vamil Divan at Guggenheim, have reiterated a Buy rating for Pfizer stock in the next 12 months. As of press time, 20 analysts surveyed by TipRanks have set an average 12-month target for PFE shares at $27.94, signaling a potential 5.96% upside.
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PFE stock price outlook Over the last 30 days, PFE stock price has surged by 8.94%, trading at $26.20 on Friday. Consequently, the company had a market capitalization of approximately $149.3 billion.
PFE stock 30D chart. Source: Finbold The company’s stock price is well positioned to rally further as insider net purchases boosts analysts and investors’ confidence.
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Michael Burry says he's shorting AI stars Oracle and Nebius By You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Michael Burry of "The Big Short" fame. James Devaney/WireImage Michael Burry says he's shorting Oracle and Nebius, two companies that are betting big on the AI boom.
The investor of "The Big Short" fame said in a Substack post on Thursday that while researching the fourth part of a series titled "The Heretic's Guide to AI's Stars," he'd shorted the two stocks "because my work just wouldn't let me continue without doing so."
Writing broadly about AI companies, Burry compared them to fish in a barrel.
"The fish have gorged themselves on off-balance sheet liabilities. Backstops. Uncommenced leases. Purchase commitments," he wrote. "The fish have gotten very fat, very large, easy to shoot."
"Also, so large that it shan't be long before every last one keels over for lack of oxygen," he added.
Burry said he'd shorted Oracle stock at about $145. The enterprise-software giant's shares soared from below $130 to nearly $350 between April and September last year, as the AI boom fueled strong demand for its cloud infrastructure.
But they've tumbled nearly 60% since then on mounting concerns that Oracle has taken on too much debt during its data-center buildout.
As for Nebius, Burry said he'd shorted it "in somewhat larger size" at around $212 a share. The AI cloud infrastructure company's stock fell 13% to $190 on Thursday, but rallied 5% in Friday's premarket.
Nebius shares have still more than doubled this year, and have leaped roughly ninefold within the past two years.
Oracle, Nebius, and Burry didn't immediately respond to requests for comment from Business Insider.
'Bit of a pickle'Burry has been one of the most vocal skeptics of the AI buildout, warning that Big Tech companies are overinvesting in microchips and data centers that could quickly become outdated.
In contrast, bulls point to the rapid growth rates at AI companies and say they're only getting started.
Oracle's remaining performance obligations, a measure of total future contract revenue, soared 363% to $638 billion in the year ended May 31.
Nebius' revenue soared nearly sevenfold year-on-year in the first quarter to almost $400 million. Its deferred revenue surged by around 150% over three months to $686 million on March 31.
Burry is best known for predicting and profiting from the collapse of the mid-2000s housing bubble. His contrarian wager was chronicled in the book and movie "The Big Short." He pivoted from running a hedge fund to writing about his personal investments late last year.
He's been negative on Oracle for many months, writing in a recent comment on his Substack, Cassandra Unchained, that it "does seem to be in a bit of a pickle."
"This might be the most expensive tragic fall for a very long time, a Homeresque own goal by a modern deity," he wrote. "Did not have to be this way."
Burry said in an August 4 post that he'd exited a bearish wager he'd placed against Oracle using put options. "The profit there was substantial, and so I left it at that," he wrote, adding that less volatility might prompt him to buy fresh puts.
Back in January, Burry said in a post that he owned bearish puts on Oracle stock and had shorted it during the second half of 2025. He explained that he didn't like the company's positioning and its investments, and found its AI strategy to be inexplicable and unnecessary.
In the chat thread for his latest post, he wrote that Nebius faces a "ton of execution risk" given the high costs and long leases in the data center business, and the difficulty of winning long-term commitments from customers.
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Theron Mohamed You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Theron Mohamed is a London-based correspondent on the Trending team at Business Insider. His coverage spans finance, investing, wealth, markets, and the economy.Theron joined BI in 2019 as a reporter at Markets Insider and rose to the rank of correspondent before moving to the Trending team in 2024. He previously covered tech, media, and telecom stocks for Investors Chronicle magazine and had a brief stint on the Financial Times' Data team. He interned at the Wall Street Journal in New York where he primarily wrote for Heard on the Street.Theron has freelanced for The Independent, The Telegraph, WIRED, and several smaller publications. He holds an undergraduate degree in geography from the London School of Economics, and a master's degree in journalism from Columbia University.Theron often covers Warren Buffett, Michael Burry, Jeremy Grantham and other top-flight investors. He also writes about the world's wealthiest people and shares financial advice from all manner of rich and successful people.Email Theron at [email protected] and follow him on X @theron_mohamed.Expertise
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Ondo Perps překročil kumulativní objem obchodů 7 miliard USD, přičemž zhruba 3 miliardy přišly po zavedení tokenizovaných akcií jako kolaterálu pro perpetuální futures. Platforma tak po spuštění rychle roste.
@OndoPerps, the perpetual derivatives platform built by @OndoFinance, has crossed $7 billion in cumulative trading volume, with roughly $3 billion of that total arriving after the platform activated tokenized stocks as collateral for perpetual futures positions.
How Tokenized Equities Are Driving Volume Ondo Perps launched in July 2026 as the first perpetual futures platform for equities and commodities to support both tokenized equity holdings and stablecoins as collateral for derivatives positions. The platform combines 24/7 trading with leverage of up to 20x, alongside liquidity levels the firm says are comparable to conventional futures and options markets.
Ondo Finance deployed its tokenized stocks as collateral on @OndoPerps starting with SPYon and QQQon, tokenized versions of ETFs tracking the S&P 500 and the Nasdaq-100. The feature lets traders post those tokens as margin rather than converting to stablecoins or selling other holdings. The result is a structure that merges yield-bearing, equity-linked assets with high-frequency leveraged trading, all within a single venue.
Instead of selling tokenized stocks to free up liquidity, users can keep exposure to their holdings while simultaneously opening leveraged perpetual positions. The move targets one of the central questions facing tokenized real-world assets: whether they can become active financial infrastructure rather than static representations of offchain securities. If tokenized stocks can be used as collateral across derivatives markets, they may gain a broader role in trading, margin management, and capital efficiency.
Rapid Growth Since Launch The platform went live on July 7, making it one of the fastest-growing venues focused on real-world asset perpetual futures. Ondo Global Markets, which provides the underlying tokenized equity infrastructure, has grown approximately 5% per week since launching in September 2025 to over $1 billion in total value locked.
The platform supports perpetual contracts on a range of assets, including oil, gold, silver, and tokenized versions of major company stocks such as Intel, AMD, Meta, Tesla, Apple, Nvidia, Oracle, Netflix, Micron, SpaceX, Palantir, Amazon, Alphabet, Coinbase, Microsoft, and Robinhood. The 24/7 permissionless trading is available to traders outside the U.S., Panama, and other prohibited jurisdictions.
Ondo Finance President Ian De Bode said: "We are rapidly approaching an investing experience that is, quite frankly, far better than what a traditional brokerage account can offer." The $7 billion volume milestone suggests early demand for that vision is materializing faster than most expected.
Sources:
Ondo Perps Launch Press Release, PR Newswire
Ondo Finance tokenized stock collateral for perp trading, The Block
Ondo Perps breaks past $300M in 24-hour volume, TheStreet
Take-Two Interactive (TTWO - Free Report) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +16.13%. A quarter ago, it was expected that this publisher of "Grand Theft Auto" and other video games would post earnings of $0.56 per share when it actually produced earnings of $0.8, delivering a surprise of +42.86%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Take-Two, which belongs to the Zacks Gaming industry, posted revenues of $1.39 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.30%. This compares to year-ago revenues of $1.42 billion. 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.
Take-Two shares have lost about 9.2% since the beginning of the year versus the S&P 500's gain of 12.6%.
What's Next for Take-Two?While Take-Two 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 Take-Two 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 #1 (Strong 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 $0.90 on $1.81 billion in revenues for the coming quarter and $6.86 on $8.56 billion 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, Gaming is currently in the bottom 27% 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 same industry, Bally's (BALY - Free Report) , has yet to report results for the quarter ended June 2026.
This casino operator is expected to post quarterly loss of $2.10 per share in its upcoming report, which represents a year-over-year change of +44.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Bally's' revenues are expected to be $778.5 million, up 18.4% from the year-ago quarter.
For the quarter ended June 2026, Take-Two Interactive (TTWO - Free Report) reported revenue of $1.39 billion, down 2.6% over the same period last year. EPS came in at $0.36, compared to $0.61 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.35 billion, representing a surprise of +2.3%. The company delivered an EPS surprise of +16.13%, with the consensus EPS estimate being $0.31.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Take-Two performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total net bookings: $1.39 billion versus the 16-analyst average estimate of $1.36 billion.Net bookings by platform - Mobile: $739.5 million versus the 14-analyst average estimate of $761.78 million.Net bookings by distribution channel - Physical retail and other: $17.3 million versus the nine-analyst average estimate of $41.01 million.Net bookings by distribution channel - Digital online: $1.37 billion versus the nine-analyst average estimate of $1.31 billion.Net bookings by platform - PC and other: $121.2 million versus $108.1 million estimated by four analysts on average.Net bookings by platform - Console: $525.2 million compared to the $485.2 million average estimate based on four analysts.Net bookings by geographic region - United States: $805.4 million versus the two-analyst average estimate of $798.83 million.Net Revenue- Advertising: $111.1 million compared to the $102.6 million average estimate based on four analysts. The reported number represents a change of -8.4% year over year.Net Revenue- Game: $1.42 billion versus the three-analyst average estimate of $1.37 billion. The reported number represents a year-over-year change of +2.9%.Net Revenueby platform- PC and other: $131.1 million compared to the $106.17 million average estimate based on two analysts. The reported number represents a change of -13.5% year over year.Net Revenueby platform- Console: $640.5 million compared to the $574.85 million average estimate based on two analysts. The reported number represents a change of +16.3% year over year.Net Revenue by platform- Mobile: $762.3 million versus the two-analyst average estimate of $794.94 million. The reported number represents a year-over-year change of -4.9%.View all Key Company Metrics for Take-Two here>>>
Shares of Take-Two have returned -5.5% over the past month versus the Zacks S&P 500 composite's +2.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
Realty Income zvýšila čtvrtletní dividendu už po 115. v řadě a oznámila společný projekt hyperscale datového centra za 6 miliard USD s Cloud Capital. Zároveň zvýšila výhled upraveného FFO (AFFO) na rok 2026 na 4,44 až 4,45 USD na akcii.
Realty Income (NYSE:O | O Price Prediction) just notched its 115th consecutive quarterly dividend increase and announced a $6 billion hyperscale data center joint venture with Cloud Capital.
Shares trade at $62.70 and are up 14.62% YTD, yet the market treats this like a boring bond proxy. The question: can O reach $100 by 2027?
Why Realty Income Shares Are Stuck Despite a Guidance Raise The stock slipped 3.93% in the past week and is roughly flat over the last month (-0.35%). GAAP EPS of $0.37 came in below consensus, missing expectations, dragged by $54.19 million in real estate impairment provisions.
Net debt to EBITDAre ticked up to 5.4x from 5.2x. With a beta of 0.72, O doesn’t move fast in either direction. The market is punishing the headline miss while ignoring that revenue topped expectations and AFFO/share grew 3.8% YoY.
Wall Street Sees Modest Upside. Our Model Says 38% The Street consensus target is $68.01, built from 3 Strong Buy, 5 Buy, 15 Hold, and 1 Strong Sell ratings. Our base case is $86.79 for a 38.42% total return by August 2027, with a bull scenario of $95.15 and a bear of $75.27. Confidence sits at 0.9.
Only 33% of analysts are bullish, too low given quarterly earnings growth of 17.9% YoY and the fact O just became the only fourth U.S. REIT to receive an “A” rating from Fitch. The Street is anchored to the old retail net lease story. The data center pivot changes the growth algorithm.
The Path to $100 Per Share Reaching $100 from today’s price of $62.70 would require a gain of 59.5%. With forward EPS of $2.45, a $100 price implies a forward P/E of 41x. Our base case of $86.79 already implies roughly 29x, meaning the bold target needs about 12x of additional multiple expansion.
Two things are required. First, the market must re-rate O out of the “bond proxy” bucket and into a “hybrid infrastructure REIT” bucket. CEO Sumit Roy laid out the case directly: “we are leveraging our scale, relationships, and track record to access new sources of growth while maintaining the same disciplined underwriting standards that have defined Realty Income for decades.”
Second, AFFO growth must accelerate. Management raised 2026 AFFO guidance to $4.44 to $4.45 and lifted investment volume to $10 billion, deploying capital at a 7.3% initial cash yield. The primary risk is a funding-cost spike that compresses spreads on the deals driving the story.
Where Realty Income Trades Today vs Its Earnings Power At $62.70, O trades at a forward P/E near 26x on the $2.45 forward EPS figure, though the more relevant REIT lens is roughly 14x forward AFFO on $4.44.
That is inexpensive for a name compounding AFFO in the mid-single digits with an “A” credit rating and a 5.14% yield. Shares sit between the 52-week low of $53.77 and high of $66.87. Over 10 years, the stock has returned 51.63% in price alone, before dividends.
$100 Is a Stretch, But Here’s Why It’s Possible Getting to $100 by 2027 requires a 59.5% gain and a re-rating to 41x forward earnings.
Three things need to go right: the Cloud Capital hyperscale JV must scale into a repeatable growth engine, AFFO growth needs to move from 4% toward high single digits, and the rate backdrop needs to cooperate enough to preserve investment-grade funding advantages.
A sharp move higher in long rates would derail it. The base case of $86.79 remains more probable. Returns at this level shouldn’t be expected every year, but the blueprint for reaching $100 in 2027 is clear.
Airbnb začíná testovat vyhledávání s využitím AI s přepínačem vedle stávajícího hledání a filtrů. AI mu zároveň zkrátila dobu od nápadu po uvedení funkcí až o 60 %.
Airbnb might be taking slow steps to roll out AI features to its consumer-facing interface, but the company is rapidly adopting the tech to build product. Earlier this year, the company said AI is writing 60% of its code. In its latest earnings call, co-founder and CEO Brian Chesky said AI is helping Airbnb create features a at rapid rate.
Chesky said that because of AI, the company has reduced time from conceptualization to finally shopping features by 60%.
“Today, we’re building, testing, and iterating faster than we could just a year ago. Across some of our key initiatives, we’ve reduced the time from concept to launch by as much as 60%. And compared to the same six months last year, we’ve increased the number of features and improvements we shipped this year by nearly 80%,” he said during the company’s second-quarter earnings call.
He pointed out that AI has helped the company in areas like search, sign-up, checkout, and payments. Airbnb has also released features designed to help hosts with things like quicker onboarding flow.
Airbnb’s adoption of consumer-facing AI features has been slower, and mostly isolated to features like review summaries and listing highlights.
Until now, Chesky has maintained that just adopting a chatbot-like interface won’t work for travel use cases. Instead, the company has focused on developing an AI for search, discovery, and support.
Chesky said during the earnings call that the company will finally start testing AI search. Even with the new test, Airbnb doesn’t want to impose AI search on customers who are used to the current search and filter feature on the app. To accommodate that, Airbnb is adding a toggle that lets users switch to AI search, where they can type in natural language to get results, which would be in a visual format.
“The titles [in the answer] could actually be AI-generated and they can be conversational as if you’re reading a chatbot, but more visual. Then you get to the product description page and the highlights are AI generated in real-time and personalized to you,” Chesky said.
On the back end, customer support is one area where Airbnb has heavily deployed AI. The company launched its AI-powered bot in North America in 2025, and this year, it has expanded it to more than 50 languages with plans to make it available for voice calls later this year.
The company said that nearly 45% of the customer issues that start with its AI agent are completed without any human intervention. Because of this, the company’s support cost per booking is down 16% year-over-year.
Airbnb posted positive results for the quarter ended in June with revenue up 17% year-over-year to $3.6 billion and adjusted EBITDA jumping 21% to $1.3 billion.
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Investors piling into the Direxion Daily PLTR Bull 2X Shares (NASDAQ:PLTU) just watched their fund rip 63.76% in a single week. The catch: over the past 12 months, Palantir stock is essentially flat, yet PLTU holders are down more than a third.
That gap, between a shrugging underlying and a bleeding leveraged product, is the story behind this fund and the reason the retail crowd keeps buying it anyway.
What PLTU Actually Is PLTU is a 2X leveraged single-stock ETF from Direxion designed to deliver daily returns of 200% of Palantir Technologies (PLTR). It is not a long-term buy-and-hold vehicle; leveraged ETFs reset their exposure every day, so multi-day returns can diverge sharply from a simple “2x the stock.” Assets have swelled to $486.9 million as of the fund’s latest NPORT filing dated April 30, 2026, with direct PLTR shares making up 20.97% of net assets and the remainder achieved through cash collateral and swap positions.
The catalyst pulling money in is obvious. Palantir’s Q2 2026 report, filed August 3, 2026, showed adjusted EPS of $0.41 versus the $0.28 consensus and revenue of $1.94 billion, up 92.83% year over year. CEO Alex Karp called the earnings report “otherworldly” and pointed to 149% U.S. commercial revenue growth as evidence the “sovereign AI” thesis is unlocking.
The One-Week Payoff Palantir’s response to the earnings report was violent to the upside. From July 28 to August 4, 2026, PLTR climbed 31.68%, rising from $123.53 to $162.66. PLTU, doing exactly what a 2x fund is supposed to do over a short, trending stretch, jumped from $27.37 to $44.82 in that same window.
Zoom out to one month and the pattern holds: PLTR gained 25.8%, PLTU gained 46.09%. That is the fund working as advertised, and it is the version of the story getting shared on Reddit, where a post titled “Palantir posts blowout Q2 numbers, with U.S. commercial revenue soaring nearly 150%” pulled 491 upvotes and 311 comments in r/stocks.
The Decay Trap Nobody Is Posting About Over the past year, Palantir stock returned 1.24%, moving from $160.66 on August 4, 2025 to $162.66 on August 4, 2026. A naive reader would expect a 2x fund to be up roughly 2.5%. Instead, PLTU lost 34.56%, sliding from $68.49 to $44.82.
A hypothetical $10,000 invested in PLTR one year ago would be worth roughly $10,124 today. The same $10,000 in PLTU would be worth about $6,544.
The mechanism is volatility decay. Because leveraged ETFs reset every day, a stock that swings hard and finishes near where it started still generates real losses in the fund. Palantir did exactly that: it hit $187.75 in December 2025, then bottomed at $133.02 in February 2026, then chopped its way back. Hold this fund through that kind of trip and the daily-reset math grinds capital away, even if the underlying ends the year unchanged.
Year to date, the same picture: PLTR is down 8.49%, PLTU is down 38.09%.
Why Traders Still Want It The bull case for using PLTU lives in the day, not the year. Palantir carries a beta of 1.56 and a forward implied P/E of 133, meaning any earnings surprise or AI-adjacent headline moves the stock in double-digit chunks. Wall Street is broadly onside, with 19 buy ratings against just 1 sell and 1 strong sell, and a consensus 12-month target of $182.20. For a trader who thinks the next catalyst hits in a straight line, 2x exposure without margin is the appeal.
The problem, and it needs saying directly, is that the fund is engineered for that exact use case and nothing more. Direxion’s own prospectus language on its 2X funds warns that “the Fund will lose money if [the underlying’s] performance is flat, and it is possible that the Fund will lose money even if [the underlying’s] performance increases over a period longer than a single day.” The last 12 months of PLTU are that warning in chart form.
What to Watch Next Palantir’s Q3 2026 revenue guide of $2.160 to $2.164 billion sets the next catalyst, with adjusted operating income guided to $1.292 to $1.296 billion. If PLTR keeps trending, PLTU keeps compounding upward. If the stock chops between its 52-week range of $106.37 to $207.52, the decay math resumes its quiet work. The fund is doing exactly what it was designed to do. The question is whether the people buying it know which version of the trade they are in.
Contact [email protected] for any questions or corrections.
Albemarle zvýšila výhled pro poptávku po stacionárním ukládání energie na 900–1 100 GWh a čeká, že výsledky společnosti i segmentu Energy Storage za rok 2026 budou blízko horní hranice scénáře 20 USD/kg LCE. Ve 3. čtvrtletí však mají tržby, EBITDA i marže segmentu Energy Storage klesnout sekvenčně.
Key Takeaways Albemarle sees 2026 results near the high end of its $20/kg LCE scenario, aided by volume and cost gains.Albemarle raised its 2026 storage forecast to 900-1,100 GWh; global lithium demand rose 45% year over year.Q3 Energy Storage sales, adjusted EBITDA and margins should decline sequentially on lower volume and pricing. Albemarle Corporation (ALB - Free Report) used its second-quarter 2026 earnings call to stress tight lithium inventories, stronger stationary-storage demand and cost execution, while warning that third-quarter Energy Storage sales, EBITDA and margins should decline sequentially.
Adjusted earnings of $3.75 per share topped the Zacks Consensus Estimate of $3.35, while revenues of $1.74 billion exceeded the $1.59 billion estimate. Management kept company scenario ranges intact, raised Specialties expectations and cut planned capital spending.
ALB Holds to the $20 Lithium ScenarioCFO Neal Sheorey said that Albemarle expects results near the high end of the $20-per-kilogram LCE scenario for both the company and Energy Storage. The company’s scenario calls for 2026 sales of $5.7-$6 billion and adjusted EBITDA of $2.4-$2.6 billion.
Sheorey cited first-half lithium pricing slightly above $20, better volumes, cost and productivity gains and stronger Specialties performance.
A Deutsche Bank analyst asked whether the high-end comment applied to the company or Energy Storage. Sheorey clarified that it applied to both.
Albemarle Raises Its Storage Demand ViewChairman and CEO Kent Masters said that global lithium demand rose 45% year over year through May, with supply additions lagging demand and inventories tight.
Masters stated that Albemarle raised its 2026 stationary-storage battery production forecast to 900-1,100 gigawatt hours and lifted the low end of its 2030 range to 1,500-2,000 gigawatt hours. The low end of the 2030 total lithium demand forecast increased by 100,000 tons.
Chief commercial officer Eric Norris told a Bank of America analyst that an anticipated storage-demand pullback did not occur. Norris said that management has greater confidence in the next couple of years, while the five-year outlook needs more work.
ALB Flags Softer Q3 Energy Storage ResultsSheorey expects third-quarter Energy Storage sales and adjusted EBITDA to fall sequentially on lower volumes and lower assumed pricing. Margins should also decline as higher-priced spodumene inventory flows through results after an approximately four-month lag.
Full-year Energy Storage sales volume is expected at 225,000-235,000 tons LCE, or flat to down 4% year over year. Masters said that Greenbushes CGP3 restarted Aug. 1, and is assumed to reach full run rate in the first quarter of 2027, while Wodgina continues to outperform.
Asked by an RBC analyst about 2027, Sheorey pointed to 240,000-260,000 tons LCE, consistent with the company's previously discussed volume-growth trajectory.
Albemarle Lifts Specialties OutlookSheorey raised 2026 Specialties sales expectations to $1.4 billion-$1.6 billion and adjusted EBITDA to $275-$325 million after stronger pricing, volume and productivity.
Sheorey expects third-quarter Specialties sales and EBITDA to decline sequentially as bromine pricing normalizes. The outlook still includes a $70-$90 million unmitigated full-year impact from Middle East-related supply-chain disruption.
A Morgan Stanley analyst pressed management on bromine normalization. Chief commercial officer Norris said that the Chinese bromine index applies to well under one-third of the business, while most Specialties sales are downstream derivatives with localized pricing.
ALB Keeps Growth Spending SelectiveSheorey said that year-to-date run-rate cost and productivity improvements reached about $100 million, putting Albemarle on track toward the high end of its $100 million-$150 million full-year target. Capital expenditures are now expected at about $500 million.
CEO Masters told BMO and Wolfe Research analysts that Albemarle wants a conservative balance sheet while evaluating brownfield growth at Wodgina and Talison, along with Salar de Atacama and Kings Mountain. No new brownfield project has reached final investment decision.
On direct lithium extraction, Masters said the phased Atacama plan starts with one train. The pilot has logged more than 3,000 operating hours and demonstrated recoveries above 90%.
Albemarle Stays Focused on ExecutionMasters closed by emphasizing operational excellence, disciplined capital allocation and growth tied to Albemarle's resource base.
Management's near-term focus balances tight lithium conditions with softer third-quarter expectations, cost productivity, selective growth and continued CGP3 ramp-up.
ALB's Zacks Rank and Style Score SignalsALB carries a Zacks Rank #3 (Hold). It has a Growth Score of B and a VGM Score of B, while its Value Score is C and Momentum Score is C, giving it stronger marks on growth and the combined style measure than on value or momentum.
The Zacks Style Score complements the Zacks Rank, with A and B grades preferred and the strongest combinations centered on Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks. ALB's current mix is more balanced than top-tier, and the Zacks Rank can change as earnings estimates are revised after the just-reported results. You can see the complete list of today’s Zacks #1 Rank stocks here.
Akcie Micron Technology klesly v pátek o více než 1,8 % poté, co Citi snížila cílovou cenu na 1 150 USD z 1 400 USD kvůli slabšímu výhledu cen pamětí DRAM a NAND.
Micron Technology MU shares fell more than 1.8% on Friday as investors weighed fresh investment plans from South Korean memory chip maker SK Hynix alongside a more cautious outlook for memory pricing from Citi.
The memory-chip maker has declined about 9% over the past month, although the stock remains up more than 660% over the past 12 months.
Investor attention remains focused on when memory chip supply will catch up with surging demand driven by artificial intelligence infrastructure.
On Friday, SK Hynix said its board approved 54.3 trillion won ($38.15 billion) in investments for new chip fabrication facilities in South Korea.
The announcement follows even larger investment commitments made earlier this year.
In June, SK Hynix and Samsung said they would spend a combined 800 trillion won ($518.58 billion) to build new semiconductor manufacturing hubs in southwest Korea.
However, additional supply is not expected to arrive immediately.
Large semiconductor fabrication plants typically require years to construct.
Micron's own $100 billion manufacturing project in New York, announced in 2022, is not expected to begin production until 2030, while no major new memory manufacturing capacity is expected to come online until roughly next year, with additional capacity planned for 2028.
Citi lowered its price target on Micron to $1,150 from $1,400 while maintaining its Buy rating, reflecting a more moderate outlook for DRAM and NAND pricing over the coming quarters.
The bank reduced its valuation multiple to 8 times revised calendar-year 2027 earnings estimates from 10 times previously.
"We trim MU TP to $1,150 from $1,400 based on 8x P/E vs prior 10x times revised C27 EPS to reflect lower market multiples on mixed memory peer results," the Citi analyst wrote.
The revision followed meetings with memory supply chain participants and third-party experts during the "Future of Memory and Storage" conference.
"We see both DRAM and NAND prices decelerating Q/Q in the next four quarters with prices peaking in 2Q of next year," the analyst said.
Citi now expects DRAM prices to decline 3% in the second half of 2027 compared with its previous expectation for flat pricing.
NAND prices are projected to fall 5% during the same period. The firm also reduced its fiscal 2027 and 2028 earnings estimates by 1% and 2%, respectively.
The bank also expects Micron's profitability to moderate as pricing eases.
"We expect Micron's gross margins to decline from current mid-80s and sustain in mid-70s next year as prices decline from a high base with ~40% DRAM bits under LTA pricing contracts," the analyst wrote.
China expansion remains a longer-term concernBeyond near-term pricing, Citi identified expanding Chinese memory production as its biggest structural concern.
"China competition and capacity additions in both NAND and DRAM markets is the biggest risk to our thesis," the analysts said.
According to Citi, China's leading NAND producer YMTC plans to increase capacity by adding 50,000 to 60,000 wafer starts next year to its existing 200,000-unit capacity and aims to become the world's largest NAND manufacturer by 2030.
DRAM producer CXMT also plans to expand production from roughly 350,000 wafers to around 400,000 next year, with a longer-term target of approximately 600,000 wafers by 2030, although Citi noted that yields remain low.
While US export restrictions limit Chinese-made memory sales into the United States, Citi warned that competition could still affect Micron internationally.
"While US government is unlikely to allow made in China memory sales to US, sales to data centers in other regions like Europe could indirectly impact Micron," analysts wrote.
Occidental Petroleum míří do roku 2030 na více než 4 mld. USD ročních udržitelných volných peněžních toků navíc. Zhruba 85 % cíle má být dosažitelných i při nižších cenách bez růstu produkce.
Key Takeaways Occidental targets more than $4B in annual sustainable cash flow improvement by 2030.About 85% of OXY's 2030 cash flow target is expected at lower prices without requiring production growth.OXY targets sustaining capital of $4.5B by 2030, down from about $5.0B-$5.1B in 2027. Occidental Petroleum Corporation (OXY - Free Report) used its Q2 earnings call to center the story on a multiyear cash flow plan built on lower costs, lower sustaining capital and a stronger balance sheet.
Management sees more than $4 billion of annual sustainable cash flow improvement by 2030. Adjusted EPS of $2.40 topped the Zacks Consensus Estimate of $1.92, and revenue of $8.33 billion exceeded the $7.18 billion estimate.
OXY Puts Sustainable Cash Flow at CenterPresident and CEO Richard Jackson said Occidental expects more than $1.2 billion of free cash flow improvement in 2026 before higher oil prices.
Jackson said the company sees more than $4 billion of annual sustainable cash flow improvement by 2030 versus 2025. About 85% is expected to be achievable at lower prices, without requiring production growth.
Senior vice president and CFO Sunil Mathew said 2027 should add roughly $700 million to $800 million versus 2026. Management expects to capture nearly half of the 2030 target by year-end 2027.
Occidental Raises Production OutlookMathew said second-quarter production averaged 1.43 million BOE per day, 23,000 BOE per day above the guidance midpoint. Permian strength and higher Gulf of America uptime offset lower international volumes tied to Middle East disruptions.
The CFO said Occidental raised full-year production guidance and expects third-quarter output of 1.40 million to 1.44 million BOE per day. Domestic lease operating expense guidance remains $8.10 per BOE for 2026.
Mathew cited adjusted midstream and marketing income of about $960 million, more than double the guidance midpoint. Full-year guidance rose by $300 million, though third-quarter income is expected to fall as the Waha-to-Gulf Coast gas spread narrows.
OXY Keeps Deleveraging Ahead of BuybacksMathew said principal debt fell to $11.8 billion, reducing the annual interest run rate to about $760 million. The board also approved an 8% dividend increase to $0.28 per share.
The CFO reiterated that the immediate priority is reaching $10 billion of principal debt. After that, management plans to reduce net debt while building cash ahead of the preferred equity redemption in August 2029.
A Wolfe Research analyst asked whether buybacks would remain secondary. Jackson favored net debt reduction, while Mathew said large continuous repurchases would remain a lower priority until the preferred redemption.
Occidental Maps Lower Sustaining CapitalA Barclays analyst asked about the pace of sustaining-capital reductions. Mathew said the 2027 capital starting point is $5.9 billion, with sustaining capital at about $5 billion to $5.1 billion after excluding exploration and certain multiyear and growth projects.
Mathew said sustaining capital is targeted to reach $4.5 billion by 2030. The plan combines a lower base decline rate, targeted at about 20% by 2030 from roughly 25%, with further well-cost efficiency.
Senior vice president and president of International Oil and Gas Operations Kenneth Dillon highlighted waterflooding as a decline-management tool. Jackson added that Permian unconventional CO2 pilots delivered more than 45% uplift in estimated ultimate recovery.
OXY Frames Growth as Efficiency-LedA Mizuho analyst asked how management would approach growth as cash flow improves. Jackson said the near-term bias remains toward free cash flow, with added investment required to preserve returns and capital efficiency.
Mathew said the baseline assumes no production growth. A moderate-growth scenario with about a 2% production CAGR produced greater free cash flow improvement by 2030 than the baseline.
A Goldman Sachs analyst asked about sustainable cost savings. Jackson pointed to drilling efficiency, while Mathew said the Permian plan calls for dropping three rigs in the fourth quarter while still bringing 15 more wells online.
Occidental Leaves a Disciplined Capital MessageJackson closed with execution, cost efficiency, lower sustaining capital and balance-sheet strength as core priorities. He described the $4 billion plan as a baseline that can improve through efficiencies and measured growth.
Mathew kept capital allocation centered on debt reduction and a sustainable dividend, with reinvestment expected to remain measured and efficiency-led.
What Zacks Signals Say About OXYOXY carries a Zacks Rank #4 (Sell), with a Value Score of A, Growth Score of C, Momentum Score of F and VGM Score of B. Value and VGM are favorable, while Growth is middling and Momentum is weak under the Zacks framework.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks methodology places greater weight on the Rank, which reflects earnings-estimate revisions, while Style Scores complement the Rank.The Zacks Rank can change as analysts revise estimates after the just-reported results, so the current mix is not a fixed assessment.
Analysts on Wall Street project that Pan American Silver (PAAS - Free Report) will announce quarterly earnings of $0.84 per share in its forthcoming report, representing an increase of 95.4% year over year. Revenues are projected to reach $1.16 billion, increasing 43.2% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Pan American Silver metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Ounces Produce - Gold (Silver and Gold Production)' should arrive at 176 thousands of ounces. Compared to the current estimate, the company reported 179 thousands of ounces in the same quarter of the previous year.
Analysts' assessment points toward 'Ounces Produce - Silver (Silver and Gold Production)' reaching 6476 thousands of ounces. The estimate is in contrast to the year-ago figure of 5094 thousands of ounces.
The consensus estimate for 'Ounce Production - La Colorada Operation - Silver' stands at 1468 thousands of ounces. Compared to the current estimate, the company reported 1507 thousands of ounces in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Ounce Production - Huaron Operation - Silver' of 806 thousands of ounces. The estimate is in contrast to the year-ago figure of 844 thousands of ounces.
Analysts predict that the 'Ounce Production - San Vicente Operation - Silver' will reach 694 thousands of ounces. Compared to the present estimate, the company reported 755 thousands of ounces in the same quarter last year.
According to the collective judgment of analysts, 'Ounce Production - Dolores Operation - Silver' should come in at 109 thousands of ounces. The estimate is in contrast to the year-ago figure of 291 thousands of ounces.
It is projected by analysts that the 'Ounce Production - Dolores Operation - Gold' will reach 5 thousands of ounces. The estimate is in contrast to the year-ago figure of 10 thousands of ounces.
Analysts expect 'Ounce Production - Shahuindo Operation - Silver' to come in at 57 thousands of ounces. Compared to the present estimate, the company reported 60 thousands of ounces in the same quarter last year.
The average prediction of analysts places 'Ounce Production - Shahuindo Operation - Gold' at 28 thousands of ounces. Compared to the current estimate, the company reported 34 thousands of ounces in the same quarter of the previous year.
The consensus among analysts is that 'Ounce Production - Timmins Operation - Gold' will reach 27 thousands of ounces. The estimate is in contrast to the year-ago figure of 25 thousands of ounces.
The combined assessment of analysts suggests that 'Average Realized Prices per ounce - Silver' will likely reach $73.70 . The estimate compares to the year-ago value of $32.91 .
Analysts forecast 'Average Realized Prices per ounce - Gold' to reach $4632.88 . Compared to the current estimate, the company reported $3305.00 in the same quarter of the previous year.
View all Key Company Metrics for Pan American Silver here>>>
Shares of Pan American Silver have demonstrated returns of +8.9% over the past month compared to the Zacks S&P 500 composite's +2.3% change. With a Zacks Rank #4 (Sell), PAAS is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Gross Law Firm upozornila akcionáře společnosti Roblox na hromadnou žalobu kvůli údajným zavádějícím tvrzením o růstu a dopadech zavedení age verification. Po oznámení výsledků za 1. čtvrtletí fiskálního roku 2026 akcie za den klesly o 18,33 %.
NEW YORK, Aug. 07, 2026 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Roblox Corporation (NYSE: RBLX).
Shareholders who purchased shares of RBLX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
ALLEGATIONS: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Roblox’s organic growth potential; notably, that Roblox would see a significant slowdown in its growth rates as enrollment in the age verification rollout would quickly taper, compounding the resulting slowdown in on-platform communication, resulting in app store rating reductions and a swift reduction in organic growth. On April 30, 2026, Roblox announced its financial results for the first quarter of fiscal 2026. Management slashed bookings growth guidance down to 8-12% and a corresponding decline to margin expectations. Defendants disclosed the age verification rollout had caused much more significant impacts to engagement and organic growth than management had previously suggested and age check adoption had only increased to 51% global daily active users, from 45% at the end of the previous quarter. Following this news, the price of Roblox’s common stock declined dramatically. From a closing market price of $55.26 per share on April 30, 2026, Roblox’s stock price fell to $45.13 per share on May 1, 2026, a decline of about 18.33% in the span of just a single day.
DEADLINE: August 7, 2026 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/roblox-corporation-loss-submission-form-2/?id=199095&from=3
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of RBLX during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 7, 2026. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903
Navrhované etické pravidlo by Donaldu Trumpovi při nuceném prodeji kryptofirem mohlo umožnit odložit federální daň z kapitálových zisků na roky, a možná i na neurčito.
The divestiture requirement Democrats demanded as the price of their Clarity Act votes could hand Trump a years-long deferral on capital gains, Bloomberg reported.
Original Image Credits: noamgalai / Shutterstock.com
Posted August 7, 2026 at 6:36 am EST.
The bipartisan ethics proposal senators have offered President Donald Trump to unlock the Clarity Act could produce a substantial tax benefit for him, Bloomberg reported Thursday. The provision would require the president to divest from crypto-related businesses, and that forced sale is expected to let him defer federal taxes on the resulting gains for years, and possibly indefinitely, people familiar with the matter told Bloomberg.
The proposed ethics addendum has not been made public and remains under negotiation between the White House and lawmakers.
This story is an excerpt from the Unchained Daily newsletter.
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Trump reported more than $1.4 billion in crypto income for last year in a financial disclosure released in June, including roughly $636 million in memecoin royalties, about $594 million tied to World Liberty Financial, and close to $197 million from a stablecoin venture. Those figures make crypto the dominant source of his personal income.
The ethics fight has been the central obstacle to the bill for months. Trump had accepted language brokered by Senator Cynthia Lummis, but Democrats and Republicans including Senators Thom Tillis and Ruben Gallego, who sent the counter-proposal to the White House in late July. Senate Democrats have separately demanded hearings into the president’s crypto earnings. These disputes have fueled delays that have now pushed a Clarity vote to September.
Related Listen: Kristin Smith on Why the Clarity Act Comes Down to a Memecoin
AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.
Cloudflare ve 2. čtvrtletí zvýšila počet zákazníků s útratou nad 100 000 USD ročně na 4 698, což je meziročně o 27 % více, a čistá retence dosáhla 120 %.
Firma zároveň uvedla, že Workers a agentic AI táhnou růst, a pro 3. čtvrtletí čeká tržby ve výši 736 až 737 milionů USD.
Key Takeaways Cloudflare ended Q2 with 4,698 $100K customers, up 27%, as net retention reached 120%.Workers, agentic workloads and go-to-market execution helped drive current RPO up 35% year over year.NET guided Q3 revenues to $736M-$737M as usage-based contracts add quarter-to-quarter variability. Cloudflare, Inc. (NET - Free Report) used its second-quarter 2026 earnings call to frame Workers, agentic AI and large-customer expansion as key growth drivers. CEO Matthew Prince also emphasized improving sales productivity and broader adoption across customer tiers.
CFO Thomas Seifert paired that momentum with a caution on forecasting: Cloudflare’s growing mix of consumption, pool-of-funds and other usage models can make quarter-to-quarter revenues less predictable even as multi-quarter trends remain strong.
NET Sees Workers and Large-Customer MomentumPrince said Cloudflare ended the quarter with 4,698 customers spending more than $100,000 annually, up 27% year over year, while dollar-based net retention reached 120%. The platform topped 7.4 million developers after adding nearly 2 million in the second quarter.
The company’s second-quarter 2026 adjusted earnings of $0.29 per share topped the Zacks Consensus Estimate of $0.27. Revenues of $696.1 million also exceeded the Zacks Consensus Estimate of $665.4 million by 4.60%.
Seifert said strength came from Workers, agentic workloads, large-customer momentum and go-to-market execution. Current RPO grew 35% year over year.
Cloudflare Expands Agentic Commerce AmbitionsPrince said more than half of traffic across Cloudflare’s network was nonhuman in the second quarter, reflecting rapid growth in AI-agent activity. He framed that shift as a major change in how Internet traffic will be generated and monetized.
The company introduced Monetization Gateway, wallets and cloudflare.pay as building blocks for agent-driven commerce. Prince said the goal is to let agents access resources, establish trust and pay autonomously.
Prince also highlighted a research pilot with OpenAI aimed at a more sustainable relationship between AI companies and content owners. He said additional initiatives are planned over the coming months.
NET Guidance Reflects Growth With More VariabilitySeifert guided third-quarter 2026 revenue to $736 million to $737 million, with operating income of $129 million to $130 million and diluted earnings of $0.34 per share.
For full-year 2026, he expects revenue of $2.864 billion to $2.870 billion, operating income of $443 million to $445 million and diluted earnings of $1.25 to $1.26 per share.
Asked about pool-of-funds renewals by a Morgan Stanley analyst, Seifert said Cloudflare is shifting from a ratable SaaS model toward more pool-of-funds, consumption and T-shirt-size structures. Faster usage and renewals can raise quarter-to-quarter variability, supporting prudent guidance.
Cloudflare Q&A Highlights Security and MonetizationA Morgan Stanley analyst asked about securing AI agents. Prince said demand is already visible, with large organizations increasingly asking how to deploy AI securely and with agent-aware controls across SASE and Zero Trust.
A Citi analyst asked about Workers monetization. Prince said Workers has moved beyond an adoption-focused phase and has become a meaningful revenue contributor, with more pool-of-funds contracts incorporating the platform.
An RBC Capital Markets analyst asked about Cloudflare OS. Prince said its security, auditability and control framework has helped extend AI tools beyond developers to finance, legal and procurement.
NET Holds the Line on Capital EfficiencyA Scotiabank analyst asked why Cloudflare is not joining the AI infrastructure spending race. Prince said commodity compute is not an attractive model and emphasized extracting more utilization from each capital dollar.
Non-GAAP gross margin was 73.1%, and Seifert said he expects it to stabilize around that level while total unit economics expand in the second half.
Seifert said full-year restructuring charges are expected to be up to $165 million, with up to $130 million cash-related, higher than initially anticipated. In response to a William Blair analyst, he said Cloudflare is pacing ahead of its goal of GAAP profitability by the end of 2028.
Cloudflare Keeps Focus on ExecutionPrince and Seifert maintained a confident posture on demand while tying Cloudflare’s direction to disciplined execution and capital efficiency.
Their priorities center on converting developer adoption into revenue, deepening large-customer use, building agentic commerce infrastructure and improving unit economics as the contract mix evolves.
NET's Zacks Signals Point to a Mixed Style ProfileNET carries a Zacks Rank #2 (Buy) at present. Its Growth Score of A is the strongest Style Score signal, while the Value Score of F, Momentum Score of C and VGM Score of C indicate a mixed profile. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Within the Zacks framework, top-ranked stocks pair most favorably with A or B Style Scores. NET’s A Growth Score fits that preference, while its other grades do not. The Zacks Rank can change as earnings estimates are revised after the reported results.
Lucid ve 2. čtvrtletí zvýšil dodávky vozů o 19 % meziročně, ale akcie po zveřejnění výsledků spadly o více než 10 % a k pátku byly za týden níže o 6 %. Nový CEO Silvio Napoli spouští „operational reset“ se zaměřením na hotovost, zákazníky a kulturu a čtyři strategické směry.
Lucid Group (LCID +2.51%) reported second-quarter results this week, and the stock plunged more than 10% on the news. The stock pared some of that drop but was still down 6% for the week as of Friday morning, according to data provided by S&P Global Market Intelligence.
Lucid CEO Silvio Napoli has been in the job for two months, and this week he let the market know exactly what his plan is. Let's look at what Napoli's "operational reset" for Lucid will look like.
Image source: Getty Images.
Napoli is tightening the company's focus to four strategic paths. While Lucid increased vehicle deliveries by 19% in Q2 versus last year, selling its current electric vehicle (EV) lineup is no longer a priority. Lucid's Air sedan and even its newer Gravity SUV are luxury vehicles with a limited market appeal.
The new CEO summarized his plan this way:
We are going back to basics, with a clear focus on cash, customers, and culture. We are focused on delivering on our four must-win priorities, including our $1.4 billion cash flow improvement plan and the advancement of our Robotaxi, AMP-2, and Midsize programs, which will establish a strong foundation for Lucid's next chapter.
Lucid is working with Uber Technologies and autonomous vehicle technology company Nuro for a robotaxi fleet program. AMP-2 is its manufacturing facility in Saudi Arabia, and the company is working to offer a smaller, more affordable model.
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This new plan could be Lucid's last chance for survival. Buying the stock now would mean believing that the new CEO can successfully implement the new strategy on all fronts. That remains to be seen, and I would wait until progress is made before jumping into Lucid at this stage.
Howard Smith has positions in Lucid Group. The Motley Fool recommends Uber Technologies. The Motley Fool has a disclosure policy.
Zoetis snížil celoroční výhled tržeb na 9,12–9,32 mld. USD, protože červencové trendy neukázaly stabilizaci trhu. Tahounem tlaku je segment Companion Animal, kde globální tržby klesly o 6 % a v USA o 11 %.
Key Takeaways Zoetis' global Companion Animal revenues fell 6% organically, while U.S. Companion Animal declined 11%.ZTS cut 2026 revenue guidance to $9.12B-$9.32B as July trends showed no market stabilization.Zoetis is using targeted rebates, promotions and bundles to defend volume and share without broad price cuts. Zoetis Inc. (ZTS - Free Report) used its second-quarter 2026 earnings call to reset expectations for 2026 as weaker veterinary clinic traffic, pet-owner price sensitivity and heavier competition pressured major Companion Animal franchises.
CEO Kristin Peck said management is not assuming the market becomes easier soon. The response centers on targeted promotions, sharper commercial execution, cost discipline and continued investment in innovation.
ZTS Faces Tougher Companion Animal ConditionsCEO Kristin Peck said pressure intensified in the second quarter, particularly in Dermatology and U.S. parasiticides. Global Companion Animal revenues fell 6% on an organic operational basis, while U.S. Companion Animal declined 11%.
CFO Wetteny Joseph said Key Dermatology revenues fell 16%, with Apoquel facing softer demand and stronger promotional competition. The Simparica franchise was flat globally as international growth offset U.S. weakness.
ZTS’ second-quarter 2026 adjusted earnings of $1.87 per share exceeded the Zacks Consensus Estimate of $1.84. However, revenues of $2.47 billion missed the Zacks Consensus Estimate of $2.49 billion by 0.90%.
Zoetis Cuts Its 2026 OutlookCFO Wetteny Joseph revised full-year revenue guidance to $9.12 billion to $9.32 billion, implying an organic operational decline of 3% to 1%. Adjusted diluted earnings are now expected at $6.15 to $6.25.
Adjusted net income is projected at $2.57 billion to $2.62 billion, down 9% to 5% organically. CFO Wetteny Joseph said management incorporated July trends, which had not shown market stabilization.
CFO Wetteny Joseph said the high end assumes contained pricing and competitive pressure, manageable share losses in Dermatology and parasiticides, and continued strength in Livestock and Diagnostics. The low end assumes worsening competition, continued July weakness and slower Livestock uptake.
ZTS Uses Promotions to Defend ShareA Morgan Stanley analyst pressed management on pricing. CEO Kristin Peck said Zoetis is avoiding broad list-price cuts and instead using targeted gross-to-net investments, including rebates, promotions, cross-portfolio bundles and point-of-sale support.
A William Blair analyst asked about the margin implications. CEO Kristin Peck reiterated that these actions are intended to protect volume and share while preserving the longer-term value of the franchises.
CFO Wetteny Joseph later told a Stifel analyst that full-year price realization could range from flat to negative 1%, and potentially negative 2% near the low end of guidance, depending on competitive responses.
Zoetis Leans on Livestock and DiagnosticsCEO Kristin Peck highlighted diversification as an important counterweight. Livestock revenue grew 11% organically, while Companion Animal Diagnostics increased 12%.
CFO Wetteny Joseph said U.S. Livestock rose 23%, helped by cattle demand, supply timing and New World screwworm-related demand. He said some Q2 drivers were transitory and expects second-half U.S. Livestock growth to moderate.
CEO Kristin Peck also pointed to Diagnostics as a growth platform. Zoetis completed the VitalRADS acquisition and continued developing Vetscan OmniMax, with commercial validation still expected by year-end.
ZTS Keeps Innovation and Costs in FocusCEO Kristin Peck said Zoetis continues to advance a pipeline containing more than 12 potential blockbusters, including opportunities in chronic kidney disease, oncology, cardiology, anxiety and obesity.
The company is also expanding its OA pain portfolio with Lenivia and Portela in Canada and Europe. CEO Kristin Peck said early experience supported broader launches and reinforced management’s confidence in the category.
CFO Wetteny Joseph said adjusted SG&A declined 4% operationally as cost actions took hold, while adjusted R&D rose 4%. Zoetis also repurchased more than $550 million of shares during the quarter.
Zoetis Reshapes Leadership for ExecutionCEO Kristin Peck framed leadership changes as part of the push for faster execution. Abhay Nayak was promoted to lead U.S. Commercial Operations, where performance has been under pressure.
Jay Saccaro is joining as executive vice president, CFO and COO, combining finance with oversight of global manufacturing and supply. CEO Kristin Peck said the new structure is intended to improve decision-making and connectivity across operations.
Management’s tone remained cautious on the near-term market but firm on its priorities: defend share, control costs, support innovation and use portfolio diversification to navigate weaker Companion Animal demand.
ZTS Zacks Signals Show Conflicting FactorsZTS carries a Zacks Rank #4 (Sell) at present. Its Value Score of A, Momentum Score of A and VGM Score of B are favorable Style Scores, while the Growth Score of D is weaker.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Under the Zacks framework, favorable Style Scores are designed to complement top Zacks Rank #1 or 2 (Buy) stocks, while a Zacks Rank #4 indicates an unfavorable estimate-revision backdrop. The Zacks Rank can change as analysts revise estimates following the latest results.
Antimonopolní závazky Paramountu v Británii kvůli schválení dohody za 111 miliard USD s Warner Bros. Discovery posilují pozici 12 státních zástupců amerických států, kteří se snaží fúzi zablokovat.
Paramount‘s antitrust commitments in the UK to secure approval for its $111 billion Warner Bros. Discovery deal strengthens the hand of the 12 state attorneys general suing to block the merger.
That’s the view of Block the Merger, a creative industries coalition that has come together to campaign against the union between Paramount and Warner. The coalition has won the support of The Traitors host Alan Cumming, as well as industry groups including the Archival Producers Alliance and the International Documentary Association.
In a statement following the UK government’s decision to greenlight WarnerMount, Block the Merger said: “UK Secretary Nandy’s ability to obtain major concessions from Paramount lends powerful credibility to the case 12 state attorneys general have brought here in the U.S.
“If this merger required binding remedies even in the UK, where Paramount and Warner hold a far weaker market position and the CMA has grown reluctant to block big mergers, the dangers in the more concentrated U.S. market are unmistakable.”
Paramount has agreed to a “deed of covenant” with the Department for Digital, Culture, Media and Sport. This includes a commitment not to combine linear channels with its streaming services and maintain the editorial independence of its news services and children’s networks.
The commitments, which come into effect once the transaction completes and will remain in force for five years, will ensure that Channel 5 News’ editorial direction remains entirely separate from CBS News and CNN International. Fair access to the CNN, CBS, and Channel 5 archives was also an undertaking.
Block the Merger said these were “encouraging” but not “the whole fight.” The group added: “Our position remains the same – the Paramount Skydance-Warner Bros. Discovery merger is a dangerous consolidation that will harm film, entertainment, and independent press in markets around the world. State attorneys general hold independent authority to enforce antitrust laws, and we are confident they will prevail at trial and fully block this merger.”
The U.S. lawsuit will go to trial in March 2027. Attorneys general, including California’s Rob Bonta, allege that the transaction stifles competition across wide-release theatrical film distribution, big-budget blockbusters, and basic cable television channel licensing.
Hyperliquid Policy Center požádal CFTC o rámec, který by v USA povolil obchodování s on-chain perpetual deriváty pro občany USA. CFTC podle šéfa Mikea Seligy připravuje cílený rámec pro takové platformy.
The @HyperliquidX Policy Center has formally petitioned the U.S. Commodity Futures Trading Commission (CFTC) to establish a regulatory framework that would allow on-chain perpetual derivatives trading for U.S. citizens, marking one of the most direct regulatory pushes yet from a decentralized platform seeking access to American markets.
A First-of-Its-Kind Regulatory Push The move is notable for its directness. The Hyperliquid Policy Center is an independent research and advocacy organization dedicated to advancing a clear, regulated path for Americans to access onchain markets. Rather than sidestepping U.S. jurisdiction, as many decentralized platforms have done for years, the Center is asking regulators to build a framework that accommodates non-custodial, on-chain trading of $HYPE and other assets.
The Hyperliquid Policy Center was established in early 2026 with the explicit goal of advocating for regulatory clarity around onchain markets. Its petition to the CFTC is part of a broader effort that has also included a joint comment letter filed with Phantom Technologies. The two organizations urged the agency to update rules that currently keep American users walled off from onchain derivatives markets.
At the core of the proposal is a challenge to how legacy financial rules treat decentralized software. HPC and Phantom argue that simply building onchain trading software should not trigger registration requirements as an exchange or clearinghouse, and that non-custodial front-end providers like Phantom do not have to register as introducing brokers. The initiative also calls for decentralized clearinghouse protocols to be formally integrated into the U.S. derivatives ecosystem, enabling transparent, non-custodial trading without the intermediary structures that traditional regulations assume.
A Regulator Signaling Openness The CFTC, for its part, appears receptive to rethinking its approach. CFTC Chair Mike Selig has said the agency is crafting a tailored regulatory framework for on-chain perpetual derivatives platforms like Hyperliquid, noting that 1930s-era exchange rules are ill-suited to DeFi. Under the Trump administration, the CFTC has taken a more accommodating approach to regulating the crypto industry, most notably approving the first U.S.-regulated bitcoin perpetual futures contract in May and opening the door to bringing more perps onshore.
That regulatory opening has not been without controversy. The proposal lands while the CFTC faces legal action from CME Group, which sued the regulator in June after it approved perpetual futures products from platforms including Kalshi. CME argues that perpetual contracts should be classified as swaps rather than futures under the Dodd-Frank framework and claims the regulator bypassed the required legal process.
The Hyperliquid Policy Center's petition reflects a broader shift in how decentralized platforms are engaging with regulators. Rather than operating in legal grey areas, projects are increasingly seeking defined rules. As the regulatory conversation matures, the CFTC's response could set a precedent for how on-chain derivatives platforms gain, or are denied, access to U.S. liquidity.
Sources:
The Block: Hyperliquid Policy Center, Phantom urge CFTC to stop treating onchain protocols like traditional brokers
Crypto.news: Hyperliquid Policy Center and Phantom call for DeFi-specific CFTC regulations
CryptoRank: CFTC Chair signals regulatory path for on-chain perpetual platforms like Hyperliquid
HYPE se odrazil nad 56,80 USD po silných výsledcích za 2. čtvrtletí a zpětných odkupech za 141 milionů USD. Hyperliquid vykázal výnosy 169 milionů USD.
HYPE price climbed above $56.80 as strong quarterly revenue, token buybacks, and rising RWA trading activity helped it rebound from the $51 support area.
Summary
HYPE price gained 2.5% in 24 hours and traded about 3.7% higher over the past week. Hyperliquid generated $169 million in Q2 revenue, allocating $141 million to HYPE buybacks. The daily chart shows a potential breakout from a descending channel, but momentum is nearing overbought levels. Liquidation clusters at $57.20 and $55 could determine HYPE’s next short-term move. HYPE price rebounds from $51 support According to data from crypto.news, Hyperliquid (HYPE) price traded near $56.80 on Aug. 7, gaining about 2.5% over 24 hours after recovering from an early-August low around $51.20. The token reached an intraday high near $57.04 before buyers and sellers began competing around the $57 level.
The rebound has lifted HYPE roughly 11% from its weekly low, although its net seven-day gain remained closer to 3.7%. Trading volume stood near $250 million over the previous 24 hours.
The 4-hour chart shows HYPE establishing a sequence of higher lows after defending the $51–$52 region. Price has also moved above the Supertrend indicator, which currently provides dynamic support near $54.44.
Hyperliquid price 4-hour chart — Aug. 7 | Source: crypto.news The 4-hour relative strength index stood at 60.08, slightly above its signal average of 59.49. This reading points to improving buying pressure without placing HYPE in overbought territory on the shorter timeframe.
However, the token remains about 26% below its June record near $76.70. The broader chart therefore shows a recovery within a larger correction rather than a confirmed return to its previous uptrend.
Hyperliquid buybacks support the recovery The latest move followed the release of Hyperliquid’s second-quarter performance figures. The protocol reported $169 million in quarterly revenue and said $141 million was directed toward HYPE buybacks.
Hyperliquid also passed $1 billion in cumulative protocol revenue during the quarter. HIP-3 real-world asset perpetual contracts generated $213 billion in trading volume and represented 32.2% of activity in the category covered by the report.
RWA trading contributed 6.6% of total quarterly revenue, according to the Q2 figures. The data strengthened the view that Hyperliquid is expanding beyond crypto perpetual futures into tokenized commodities, equities and other traditional-market products.
Buybacks can support HYPE by creating recurring demand using protocol revenue. Still, their effect depends on whether platform trading activity and fee generation remain high enough to offset token sales and future supply growth.
HYPE’s fully diluted valuation stood near $54 billion, compared with a circulating market capitalization of approximately $12.6 billion. That gap remains a longer-term risk because only part of the maximum token supply currently circulates.
HYPE price faces $57.30 liquidation wall The daily chart shows HYPE attempting to move above the upper boundary of a descending channel that has guided price lower since early July. A sustained daily close above $57 would strengthen the breakout case.
Hyperliquid price daily chart — Aug. 7 | Source: crypto.news The Awesome Oscillator remained negative at -5.39, showing that the broader momentum structure has not fully turned bullish. Its histogram bars have nevertheless shifted higher, indicating that bearish momentum is weakening.
The Stochastic RSI presents a more immediate warning. Its two lines stood at 95.80 and 88.35, placing the indicator deep in overbought territory. That setup does not guarantee a decline, but it raises the chance of consolidation or a short pullback before another advance.
CoinGlass’ 24-hour liquidation heatmap shows the largest nearby liquidity concentration above the market at approximately $57.20–$57.35. A move through that zone could force leveraged short positions to close and push HYPE toward $58 and $60.
Hyperliquid liquidation chart | Source: CoinGlass Below the current price, another major liquidation cluster sits around $54.90–$55. Losing that area could accelerate a decline toward the 4-hour Supertrend support at $54.44. The next lower zones are $52 and the recent low near $51.
Analysts Split Over HYPE’s Next Target Crypto trader Altcoin Sherpa said HYPE may be building a bottom near its current range, although he expected the outcome to depend on wider market conditions.
“The level to watch is still $50; lose that and I think we see low/mid $40s in a slow fashion,” he wrote in an Aug. 6 post.
The analyst added that he remained constructive on HYPE over the longer term. His chart placed a broader demand zone across the low-to-mid-$40 region if the $50 floor fails.
HypeDojo offered a more bullish scenario, comparing the latest $51.50 bottom with the token’s earlier rebound from $52.50 to its June record. The trader projected a possible move toward $80 by the end of August.
Can we expect a $HYPE ATH in August??
In early and mid-June, we saw two $HYPE ATHs, and although there was a profile of an ATH in July, it ended with a Monthly High with the BTC Market Crash.
In early August, that means we are currently in a Bottom. After the first ATH in June,… pic.twitter.com/5bnrCMiibP
— HypeDojo (@HypeDojo) August 7, 2026 That target would require HYPE to clear several resistance areas, including $60, $64, $68 and the previous record around $76.70. The overbought daily Stochastic RSI also suggests that such a move may not develop in a straight line.
US competition adds risk to HYPE outlook JPMorgan analysts have warned that momentum in HYPE-linked investment products weakened after strong inflows during May and June. A reported 12-session outflow streak reached approximately $29.8 million through Aug. 3.
The bank also pointed to competition from regulated derivatives and prediction-market platforms, according to Blockhead. That risk is particularly relevant in the United States, where regulated venues are expanding access to perpetual-style contracts.
For now, the HYPE price outlook depends on whether buyers can convert the rebound into a confirmed daily channel breakout. A close above $57.30 would open a path toward $60, while rejection and a break below $54.40 would bring $52 and $50 back into focus.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
In its upcoming report, Trimble Navigation (TRMB - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.80 per share, reflecting an increase of 12.7% compared to the same period last year. Revenues are forecasted to be $950.94 million, representing a year-over-year increase of 8.6%.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Trimble metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Segment revenue- AECO' should come in at $402.27 million. The estimate indicates a year-over-year change of +14.8%.
Analysts' assessment points toward 'Segment revenue- T&L' reaching $140.23 million. The estimate points to a change of +5.7% from the year-ago quarter.
The combined assessment of analysts suggests that 'Segment revenue- Field Systems' will likely reach $407.21 million. The estimate indicates a change of +3.7% from the prior-year quarter.
The average prediction of analysts places 'Revenue- Subscription and services' at $628.64 million. The estimate suggests a change of +7.9% year over year.
Based on the collective assessment of analysts, 'Revenue- Product' should arrive at $313.08 million. The estimate points to a change of +6.9% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Annualized Recurring Revenue (ARR)' of $2.51 billion. The estimate is in contrast to the year-ago figure of $2.21 billion.
It is projected by analysts that the 'Segment operating income- AECO' will reach $127.34 million. The estimate is in contrast to the year-ago figure of $106.40 million.
Analysts expect 'Segment operating income- T&L' to come in at $31.43 million. The estimate is in contrast to the year-ago figure of $28.60 million.
The consensus estimate for 'Segment operating income- Field Systems' stands at $121.32 million. Compared to the present estimate, the company reported $121.00 million in the same quarter last year.
View all Key Company Metrics for Trimble here>>>
Shares of Trimble have demonstrated returns of +11.1% over the past month compared to the Zacks S&P 500 composite's +2.3% change. With a Zacks Rank #2 (Buy), TRMB is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Binance prodloužila airdrop WLFI pro držitele USD1 až do 4. září 2026 a vyčlenila odměnový fond 170 milionů WLFI. U futures účtů s USD1 jako kolaterálem platí 1,2x multiplikátor odměn.
Binance Extends WLFI Airdrop for USD1 Holders Through September 2026@Binance has extended its ongoing multi-phase airdrop campaign with @worldlibertyfi, putting a 170 million $WLFI token prize pool in front of $USD1 holders. The latest round runs with weekly distributions through September 4, 2026, continuing a partnership that has now spanned several months and multiple reward cycles.
To qualify, users must hold a net $USD1 balance across eligible Binance account types, including Spot, Margin, and Futures accounts. Rewards are calculated using snapshots of net balances rather than gross holdings, meaning borrowed positions are factored out of the equation.
Futures Collateral Users Get a Bonus MultiplierParticipants who use $USD1 as collateral in Futures accounts receive a 1.2x reward multiplier, provided they maintain a daily open interest threshold of $1,300 in $USD1. The boost is consistent with terms seen in earlier campaign phases, where Margin and Futures users have routinely received the same 1.2x incentive for putting $USD1 to work as collateral rather than simply parking it in a Spot account.
The campaign is the latest chapter in what has become a sustained effort by Binance to deepen adoption of the $USD1 stablecoin. Earlier phases distributed pools ranging from $40 million to 235 million $WLFI tokens, with each round structured as a series of weekly payouts. @worldlibertyfi transferred 170 million $WLFI tokens to Binance ahead of one of the recent extensions, a move that analysts noted fueled speculation around continued campaign activity.
$USD1 is the dollar-pegged stablecoin issued by World Liberty Financial, a decentralized finance project with reported ties to the Trump family. $WLFI serves as the project's governance token. The repeated airdrop campaigns on Binance reflect a broader industry pattern in which exchanges use token incentives to drive stablecoin liquidity and retain user balances on-platform.
Sources:
AMBCrypto: Why is WLFI's price up today? USD1 buzz, Binance transfer and more
Stablecoin Insider: Binance Launches 135 Million Airdrop for World Liberty Financial USD1 Stablecoin Holders
CryptoRank: Binance Launches $40M WLFI Airdrop Campaign for USD1 Holders
Bhútán po 30 dnech znovu přesunul 434.87 BTC v hodnotě asi 27,93 milionu USD na adresy napojené na burzy. Tím pokračuje v postupném rozprodávání svých bitcoinových rezerv.
Bhutan Breaks a 30-Day Silence With Fresh Bitcoin TransferThe Royal Government of Bhutan has returned to the market, transferring 434.87 $BTC worth approximately $27.93 million to exchange-linked addresses, according to on-chain data flagged by Lookonchain. The move ends a 30-day period of inactivity from the kingdom's tracked wallets and signals that Bhutan's steady monetization of its sovereign Bitcoin reserves remains ongoing.
The transfer fits a well-established pattern. Transfers to trading firms appear to reflect a planned treasury drawdown and liquidity management strategy rather than panic selling, with every sale effectively pure profit given Bhutan's near-zero mining costs. Bhutan has typically broken sales into smaller batches rather than executing large single transactions.
A Sovereign Reserve in Steady DeclineThe state-owned investment arm Druk Holding and Investments (DHI) accumulated Bitcoin through mining operations powered by the country's abundant hydroelectric resources, but holdings have fallen sharply from a peak of roughly 13,000 BTC. At its peak in late 2024, the country's holdings were estimated at nearly 13,000 BTC. Since then, more than 70% of that balance has been moved out through repeated transfers.
Bhutan has sold more than $200 million worth of Bitcoin since the start of 2026. Bhutan's realized profit from Bitcoin is estimated at more than $750 million, and because the coins were mined using domestic hydropower, the cost basis may be far lower than open-market purchases.
The April 2024 block reward halving doubled the cost of producing each coin, and Bhutan's mining output experienced a significant drop compared to 2023, a period when the country mined an estimated 8,200 BTC. It has now been over a year since Bhutan registered a mining inflow exceeding $100,000 to its identified addresses. Without fresh production replacing sold coins, the reserve continues to shrink with each transfer.
The government previously pledged up to 10,000 BTC for its Gelephu Mindfulness City project, but current reserve levels have dropped to a point where achieving that target appears increasingly difficult. At the current pace, analysts estimate that Bhutan's remaining Bitcoin could be exhausted by around October 2026, assuming the government continues selling at recent rates and does not restart major mining operations.
Sources:
CoinDesk: Bhutan moves another 500 Bitcoin to exchanges as 2026 outflows top $150 million
CoinPaper: When Will the Royal Government of Bhutan Stop Selling Bitcoin?
Cryptopolitan: Bhutan sells another 100 BTC as sovereign reserve heads toward zero
Dunamu získala roční kontrakt od jihokorejské policie na úschovu zabavených kryptoměn. Službu zajistí přes Upbit Custody s nepřetržitým monitoringem a cold storage.
Key HighlightsGovernment Procurement Process Awards Contract to DunamuAdvanced Security Infrastructure Protects Seized AssetsAsset Disappearances Drive Demand for Enhanced Security Dunamu secures one-year contract to protect digital assets confiscated by South Korean law enforcement. The Upbit Custody platform will handle seized cryptocurrencies with 24/7 security monitoring. Multi-signature technology and cold storage wallets will protect assets in criminal cases. Previous Bitcoin disappearances prompted authorities to seek enhanced custody solutions. Competitive government procurement process selected Dunamu as the winning bidder. The National Police Agency of South Korea has selected Dunamu to handle the storage of digital assets confiscated in criminal cases. The parent company of Upbit obtained this one-year arrangement via the country’s competitive government procurement system. This decision comes after previous incidents of asset disappearances highlighted the need for improved security measures in police cryptocurrency storage.
Government Procurement Process Awards Contract to Dunamu Dunamu emerged victorious from an open bidding process administered by South Korea’s Public Procurement Service. The firm achieved the top technical evaluation score and was designated as the leading candidate for negotiations on July 8. Following successful technical discussions, Dunamu cleared all procurement requirements and was formally awarded the contract.
The contract encompasses custody and management solutions for cryptocurrencies and additional digital assets confiscated by law enforcement authorities. Government procurement documentation indicated the one-year agreement was valued at approximately 267 million won. This figure represented around $195,000 according to prevailing exchange rates during the tender period.
The services will be delivered through Upbit Custody, Dunamu’s specialized institutional-grade digital asset storage solution. The platform operates continuous surveillance and incident response capabilities around the clock. Security operations remain active during overnight hours, weekends, and national holidays to maintain uninterrupted asset protection.
Advanced Security Infrastructure Protects Seized Assets Upbit Custody maintains confiscated digital holdings in a fully offline cold storage environment. The infrastructure keeps custody systems completely disconnected from internet access, minimizing vulnerability to external cyber threats. Dunamu implements multiple key-management protocols engineered to mitigate risks associated with credential compromise.
The custody solution integrates Multi-Party Computation alongside Distributed Key Generation to enhance private key protection. Additionally, multi-signature technology requires multiple authorizations before any asset movement can occur. These security layers distribute key control responsibilities and eliminate single points of failure in credential management.
The platform enables segregated wallet architectures for various asset types and operational requirements. This configuration allows law enforcement to maintain organized records of seized holdings without consolidating all digital assets into a single wallet. Dunamu will deliver these custody capabilities through ongoing surveillance and rigorous internal security protocols.
Asset Disappearances Drive Demand for Enhanced Security South Korean law enforcement agencies encountered heightened scrutiny following multiple incidents of missing cryptocurrencies during criminal proceedings. The Gangnam Police Department reported in February that 22 Bitcoin had vanished from their custody. Officials estimated the value of these missing assets at approximately 2.1 billion won at the time of disclosure.
The Bitcoin in question had been seized during a 2021 criminal inquiry before authorities detected an unauthorized transaction. The hardware cold wallet reportedly remained in police possession throughout the period when the loss occurred. Subsequent investigations examined access logs, key-handling protocols, and blockchain records connected to the disappeared funds.
Additional reported cryptocurrency losses amplified calls for enhanced digital asset security across law enforcement organizations. This pressure led authorities to pursue an external custody provider with specialized infrastructure and continuous protection mechanisms. Dunamu will now oversee police-seized digital assets through the Upbit Custody platform for the duration of the one-year contract term.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Donald Trump řekl, že rostoucí využívání bitcoinu snižuje tlak na dolar a prospívá americké ekonomice. Zároveň varoval, že USA nesmí v digitálních aktivech zaostávat za Čínou.
President Donald Trump offered a take on Bitcoin and the dollar that would have sounded like science fiction four years ago: the two aren’t in competition. During a White House press conference on June 27, 2025, Trump said that the rising acceptance of Bitcoin for transactions “takes a lot of pressure off the dollar” and positively impacts the US economy.
What Trump actually said Trump’s comments came during a press conference tied to a Supreme Court announcement. He argued that broader cryptocurrency adoption can create jobs and contribute to economic resilience during downturns. He also framed US leadership in crypto as a competitive necessity, warning that allowing China to gain dominance in digital assets would be a strategic mistake.
Trump made a similar statement in November 2025 at the America Business Forum in Miami, where he reiterated his warning against letting foreign competitors lead in digital asset innovation.
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The policy backdrop In March 2025, Trump signed an executive order creating a Strategic Bitcoin Reserve, utilizing forfeited Bitcoin already held by the Treasury Department.
Beyond the reserve, the administration has been pushing broader digital-asset legislation, including stablecoin frameworks and bills like the GENIUS Act. The goal, as Trump has repeatedly framed it, is to establish the US as a “crypto superpower.”
The dollar argument, unpacked Trump’s claim that Bitcoin relieves pressure on the dollar inverts the narrative that has dominated crypto discourse for over a decade. The traditional Bitcoin pitch positions it as a hedge against dollar debasement: if the Fed prints too much money, Bitcoin’s fixed supply makes it a lifeboat. Trump is arguing something subtly different — that if global transactions increasingly settle in Bitcoin, the dollar faces less inflationary pressure from its role as the world’s reserve currency.
This echoes a concept economists have debated for decades, sometimes called the Triffin dilemma. Because the dollar serves as the global reserve currency, the US must run persistent trade deficits to supply enough dollars to the world. If Bitcoin absorbs some of that transactional demand, the argument goes, the dollar gets breathing room.
What this means for markets The Strategic Bitcoin Reserve creates a structural floor of demand. The government isn’t just talking about Bitcoin — it’s holding it, intentionally, as a reserve asset. By casting crypto leadership as a race against China, Trump has also given bipartisan cover to legislators who might otherwise be skittish about supporting digital-asset bills.
The executive order establishing the Strategic Bitcoin Reserve creates institutional inertia that’s harder to unwind than a press conference quote. Once Bitcoin sits formally on the government’s balance sheet, removing it becomes a political act that requires its own justification.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Circle oznámila 11 zakládajících validátorů pro blockchain Arc, včetně BlackRock, Visa, Mastercard, DTCC a Galaxy. Arc je síť Layer-1 pro institucionální platby a tokenizaci aktiv.
Circle has revealed the 11 founding validators for its Arc blockchain, underscoring the participation of prominent financial institutions such as BlackRock, Visa, and Mastercard. Arc, which is powered by USDC, is designed as a Layer-1 blockchain for institutional payments and the tokenization of financial assets.
Financial giants join Arc launchArc’s founding validators also include DTCC, Galaxy, Global Payments, ICE, MoneyGram, SBI Group, Standard Chartered, and Sumitomo Corporation. According to a post by Coin Bureau on X, the roster signals a significant step as leading global payment and financial processing companies move to play a direct role in emerging blockchain ecosystems.
USDC issuer Circle, a key player in digital finance infrastructure, recently secured full National Trust Bank approval from the Office of the Comptroller of the Currency, enabling it to expand its institutional service offerings further.
Arc brings a new degree of institutional credibility with the involvement of longtime traditional finance leaders such as BlackRock, Visa, and Mastercard, joining technical and financial specialists in the validation process.
ChartNerd, a crypto market analyst, emphasized that this development not only highlights Arc’s institutional credentials but could also have wider implications for blockchain sector partnerships.
Ripple’s connections with Arc participantsShifting focus to Ripple, ChartNerd pointed out that the company already maintains established relationships with several institutions featured in Arc’s validator group. Ripple, a fintech company known for its cross-border payment solutions powered by the XRP Ledger, has engaged in strategic partnerships within the sector for over a decade.
He specifically named SBI Group, which reportedly holds a 9% equity stake in Ripple. He also referenced Ripple’s interactions with BlackRock’s BUIDL and Securitize for smart-contract based solutions, as well as joint tokenization pilots involving JPMorgan and Ondo.
Mastercard’s exploration of agentic payments on the XRP Ledger and Standard Chartered’s longstanding investment in Ripple were cited as further examples of these overlapping networks.
The Depository Trust & Clearing Corporation (DTCC), a major provider of clearing and settlement services in US markets, is also present in both Arc’s validator lineup and Ripple’s ecosystem, participating in tokenization initiatives such as Ripple Prime.
Mini dictionary: DTCC (Depository Trust & Clearing Corporation), a US-based financial services company that provides clearing, settlement, and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, and other financial instruments.
Approval process for RippleChartNerd underlined the significance of regulatory timelines for Ripple, reporting that the company has until July 2027 to obtain full approval from the Office of the Comptroller of the Currency. This follows the conditional approval Ripple received in December 2025, launching an 18-month window to fulfill final requirements.
The potential for Ripple to fully realize its infrastructure stack and deliver financial services across the asset lifecycle hinges on regulatory clearance, in addition to its track record of institutional partnerships.
If Ripple secures the necessary approvals, ChartNerd indicated that its technology could serve a broader set of institutions, drawing on these integrated relationships and experience in payments and tokenization.
CompanyRole in ArcLink to RippleBlackRockFounding ValidatorBUIDL, Securitize collaborationVisaFounding ValidatorParticipated in blockchain initiativesMastercardFounding ValidatorAgentic payments on XRP LedgerSBI GroupFounding Validator9% equity stake in Ripple, decade-long partnershipStandard CharteredFounding ValidatorInvestor in RippleProspects for XRP and RLUSDChartNerd concluded that XRP and RLUSD, the dollar-backed digital asset operated within Ripple’s ecosystem, are both positioned amid increasing institutional engagement in digital assets. He emphasized that while Circle’s validator group features several companies with Ripple ties, this does not automatically mean these institutions will integrate with the XRP Ledger or use Ripple’s solutions.
The convergence of major financial institutions in blockchain validator roles reflects growing interest in tokenization and digital payments. ChartNerd identified Ripple’s next step as leveraging its network of partnerships, along with a comprehensive regulatory approval, to expand its footprint in institutional financial services.
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.
IMC-Chicago, market maker s AUM 418 miliard USD, ve 2. čtvrtletí výrazně navýšil expozici v XRP ETF a otevřel nové call opce na Bitwise XRP ETF a XXRP. Zároveň drží 135 900 put opcí na XXRP jako zajištění.
IMC-Chicago, a proprietary trading firm and market maker with $418 billion AUM, has disclosed massive holdings in XRP ETFs. The trading giant also revealed millions in options positions, increasing its bullish calls on multiple XRP ETF positions.
IMC-Chicago Bullish on XRP as it Boosts Exposure in ETFs Chicago-based market maker IMC-Chicago disclosed significant exposure to multiple XRP ETFs in its Q2 filing with the US SEC. The firm has boosted its total portfolio value by almost 50% this quarter amid rising interest in crypto and other areas.
IMC-Chicago opened key positions in multiple spot and leveraged XRP exchange-traded funds, along with direct holdings. The trading firm purchased 28,237 shares in Bitwise XRP ETF, 12,207 shares in Teucrium 2x Long Daily XRP ETF (XXRP), and 10,531 shares in Volatility Shares 2x XRP ETF (XRPT).
In addition, the firm opened new call bets in Bitwise XRP ETF and XXRP. IMC-Chicago also held call positions in Canary XRP ETF, XXRP, XRPT, and ProShares Ultra XRP ETF. This indicates the firm has turned more bullish on XRP amid Ripple and XRPL’s tokenization push.
Meanwhile, the presence of 135,900 put options on the leveraged Teucrium ETF XXRP indicates hedging activity. This comes as crypto market uncertainty remained high amid the US-Iran war.
The disclosure comes as institutional interest in XRP continues to grow. As CoinGape reported earlier, $3.6 billion AUM EverSource Wealth Advisors disclosed significant holdings in multiple XRP funds. Also, Bank of America (BofA) holds 13,000 shares of the Volatility Shares XRP exchange-traded fund.
Will XRP Price Bounce amid Growing Institutional Interest? XRP price has rebounded nearly 2% after falling, following Senate Majority Leader John Thune promised Clarity Act vote first in September. The price is still trading in the red at $1.03, with a 24-hour low and high of $1.02 and $1.05, respectively.
The latest rebound comes amid a consistent rise in trading volume over the last 24 hours, while Ripple announces XRPL 3.3.0 upgrade. Institutional interest also helped resist further fall. Notably, Grayscale’s GDLC ETF increased XRP weight in the fund and growing institutional interest in XRP.
However, the derivatives market shows mixed activity today, as per CoinGlass data. The total XRP futures open interest held near $2.35 billion amid whale buying and XRP ETF inflows. The cumulative inflows in XRP exchange-traded funds have reached above $1.51 billion, as funds saw $3.45 million in inflows on Thursday.
As per the latest XRP price prediction, XRP price has immediate resistance at $1.08. A breakout may trigger the price to $1.12 and then to $1.18. However, failure to stay above $1.00 may expose XRP to $0.96 and $0.92 support levels.
Traders looking to capitalize on this momentum can compare features on the best crypto derivative futures trading platforms to find competitive funding rates, advanced order types, and deep liquidity.
Ripple potvrdil, že jeho Senior Director of Engineering J.A. Akinyele vystoupí na XRP Seoul 2026. Zároveň XRP Ledger 3.3.0 přinesl šest nových amendmentů k hlasování.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
J.A. Akinyele, Senior Director of Engineering at Ripple, has been named one of the speakers for the upcoming XRP event, XRP Seoul 2026. The official XRP Seoul 2026 event X account announced this in a recent post.
Akinyele, the Senior Director of Engineering at Ripple, leads the development of AI, privacy, scalability, and institutional-grade infrastructure for the XRP Ledger and is well-positioned to speak about what comes next for the XRPL ecosystem, driving innovation to advance the next generation of decentralized finance.
The XRP Ledger has just welcomed a major upgrade, version 3.3.0, which introduced six amendments for voting as well as major non-feature amendment changes.
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We're honored to welcome @ja_akinyele ,Senior Director of Engineering of @Ripple.
Ayo Akinyele is the Senior Director of Engineering at Ripple, where he leads the development of AI, privacy, scalability, and institutional-grade infrastructure for the XRP Ledger. With more than… pic.twitter.com/PsamQwbQA7
— XRP Seoul 2026 🇰🇷 (@XRPSEOUL) August 7, 2026 Akinyele joins a rich speaker list for the XRP Seoul event, including Ripple President Monica Long, Markus Infanger, SVP of RippleX, and Chandler Fang, Founder of t54ai.
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The XRP Seoul 2026 event, hosted by XRPL Korea with Ripple as Title Sponsor, is scheduled to be held on October 3 at Grand Hyatt Seoul.
XRP Ledger 3.3.0 arrivesXRP Ledger version 3.3.0 has launched, introducing six new amendments for voting, including Confidential Transfer, Batch, Sponsor, Permission Delegation, Dynamic MPT, and fixCleanup, which includes bundled fixes.
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software engineer Mayukha Vadari outlined non-feature-amendment changes in the XRPL version release, including over a 15% reduction in memory usage, improved online_delete performance, and 60 fixes for bugs uncovered by the AI red team effort.
Other changes include assorted small fixes in the fixCleanup3_3_0 amendment, such as deleting expired credentials in Permissioned DEX trades; improved invariants that ensure the XRPL is behaving the way it should; an upgrade from C++20 to C++23; several old amendments that have been activated for over 2 years, such as Clawback, retired to simplify the codebase; and test coverage increased across the repo from 82% to 82.9%.
Vadari added that a large number of little fixes, refactors, and improvements across the codebase and build system were introduced through the upgrade, which are relatively invisible to users and operators but help make xrpld incrementally better and easier to maintain.
Ethereum is experiencing a quiet but significant squeeze. Exchange reserves are draining at a pace of roughly $25.6 million per week, while new smart contract deployments have jumped approximately 50% above the trailing three-month average.
As of August 5, ETH was trading around $1,907, stuck in a tight band between $1,840 and $1,950.
The liquidity drain The amount of ETH sitting on major exchanges has fallen to multi-year lows, with reports pegging total exchange reserves as low as 16.2 million ETH by mid-2026. Some measures suggest these levels haven’t been this low since 2016.
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Staking now accounts for more than 30% of the total ETH supply. Cold storage withdrawals tell a similar story, with holders pulling ETH off exchanges and parking it in wallets they don’t plan to touch anytime soon.
Developer activity tells a different story Smart contract deployments surged roughly 50% above the three-month trailing average around August 5-7, a sign that builders are still betting on Ethereum as their platform of choice. Deploying contracts costs gas and represents a commitment to building something on-chain.
More contracts mean more on-chain activity, which means more ETH gets used as gas, which means more demand for the token even as tradeable supply declines. Throughout 2025 and into 2026, Ethereum has been experiencing a gradual shift from speculative trading asset to productive economic layer, reflected in staking numbers, contract deployment numbers, and exchange reserve numbers.
What the consolidation zone reveals ETH has been hovering around $1,900 within the $1,840-$1,950 range. If a sudden wave of buying interest hits an order book that’s been steadily depleted, the price impact per dollar of buying pressure is larger than it would be in a deep, liquid market. Over 30% of total supply is locked in staking contracts, and those positions tend to be sticky.
Thin liquidity cuts both ways: a sudden macro shock or regulatory crackdown could trigger forced selling into a thin order book, amplifying downside volatility just as the supply dynamics could amplify upside.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
TD Securities strategists Ryan McKay and Bart Melek highlight that strong discretionary and Asian buying is supporting Gold, even as CTA (Commodity Trading Advisors) positioning has plateaued. They argue CTAs would likely add length only on a move toward $4,600/oz, while softer United States (US) jobs data, subdued energy prices and expectations that Chair Warsh stays on hold could reinforce a stagflation narrative that benefits Gold.
CTA thresholds and macro tailwinds"Precious metals holding on to gains. Flows have proven strong enough to maintain the upside in gold, but the bar remains high to see additional length from CTAs. Prices would need to make another material leg higher to the $4,600/oz region before CTAs buy more."
"This suggests macro discretionary and Asian appetite will need to continue their buying trends to keep the rally alive. Thus far, Asian appetite remains strong for the yellow metal with broad-based buying across cohorts on SHFE, and continued ETF inflows."
"Meanwhile, the much weaker-than-expected jobs report should see Fed pricing pressures ease, especially with energy prices remaining subdued alongside. These are the first signs of a material shift in the tides for precious metals, with discretionary appetite leading the recovery."
"Higher energy prices could still be a major hurdle, with US inflation data next week in focus. But if the market becomes convinced Chair Warsh won't hike anytime soon, any upside in energy prices could strengthen the stagflation narrative, adding further fuel to the gold bulls."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Array Digital Infrastructure (AD - Free Report) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +3.23%. A quarter ago, it was expected that this wireless telecommunications service provider would post earnings of $5.74 per share when it actually produced earnings of $2.08, delivering a surprise of -63.76%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Array Digital, which belongs to the Zacks Wireless National industry, posted revenues of $54.07 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.26%. This compares to year-ago revenues of $916 million. The company has topped consensus revenue estimates three 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.
Array Digital shares have lost about 33.5% since the beginning of the year versus the S&P 500's gain of 12.6%.
What's Next for Array Digital?While Array Digital 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 Array Digital 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 $0.15 on $49.42 million in revenues for the coming quarter and $2.96 on $201.62 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, Wireless National is currently in the top 45% 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, Ondas Holdings Inc. (ONDS - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 13.
This company is expected to post quarterly loss of $0.07 per share in its upcoming report, which represents a year-over-year change of +12.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Ondas Holdings Inc.'s revenues are expected to be $66.68 million, up 963.5% from the year-ago quarter.
Service Properties Trust ve 2. čtvrtletí vykázal normalizované FFO ve výši 55 mil. USD, tedy 0,43 USD na akcii, a potvrdil celoroční výhled na rok 2026 na úrovni 124 až 144 mil. USD, tedy 1,20 až 1,35 USD na akcii. Hotelové RevPAR vzrostlo meziročně o 6,6 % a portfolio net lease přidalo 2,2 % na cash-basis NOI.
Silvaco Stock: Consider Early Investment in New SemiconductorService Properties Trust NASDAQ: SVC reported second-quarter results that management said reflected continued progress on its strategic priorities, including strengthening its balance sheet, improving hotel operations and shifting the portfolio toward net lease assets.
Normalized funds from operations totaled $55 million, or $0.43 per share, during the quarter. The company said the per-share result was in line with consensus expectations and reaffirmed its full-year 2026 outlook for normalized FFO of $124 million to $144 million, or $1.20 to $1.35 per share.
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5 Best REIT Alternatives for Passive Real Estate IncomePresident and Chief Executive Officer Chris Bilotto said the company’s net lease portfolio continued to provide predictable cash flow, while its hotel portfolio outperformed the industry benchmark on revenue per available room, or RevPAR, for a seventh consecutive quarter.
Hotel Revenue Gains Offset by Renovation Disruption For its retained hotel portfolio, excluding 15 hotels designated for sale, SVC reported a 6.6% year-over-year increase in RevPAR during the second quarter. Growth was supported by occupancy and average daily rate gains, with particular strength among full-service and upper-upscale hotels.
Hotel Stocks - Best Hotel Stocks Invest InBilotto said RevPAR growth was partly offset by renovation-related disruption, especially at the Nautilus South Beach in Miami Beach. Excluding the Nautilus disruption, underlying RevPAR growth for the remaining portfolio was 9%, he said. Preliminary July RevPAR for retained hotels rose 7.1% from a year earlier.
Retained hotel adjusted EBITDA increased 4.2% year over year to $57 million. The portfolio generated an adjusted hotel EBITDA margin of about 19.4%, compared with negative EBITDA margins at the 15 hotels being sold, according to Bilotto.
“This gap is the core economic logic behind our capital recycling strategy,” Bilotto said, describing the company’s effort to redirect capital away from assets with negative returns and toward hotels with improving margins.
Chief Financial Officer Brian Donley said the company’s 93 comparable hotels generated adjusted hotel EBITDA of $55 million, roughly flat from the year-ago quarter, as higher insurance costs and renovation activity weighed on results. Gross operating profit margin declined 60 basis points to 28.7%.
The Nautilus redevelopment is expected to be completed around the end of October or in early November, with phased room and public-space completions. Bilotto said the property is expected to represent approximately $4.5 million of cash drag for the full year. Before its renovation, the hotel generated roughly $5 million to $6 million on an annual run-rate basis, and management expects performance to increase after the project is completed.
Margin Initiatives and Hotel Sales SVC outlined several initiatives intended to improve hotel profitability, including increasing direct bookings through brand websites and loyalty programs, growing group and contract business, expanding ancillary revenue and improving labor productivity.
The company said contract-segment revenue increased 22%, largely due to new airline crew business. It also cited a 20% reduction in property insurance costs across the portfolio, effective July 1, and productivity improvements at Sonesta, Radisson and IHG-operated properties.
Bilotto said some benefits should emerge during the second half of 2026, while larger initiatives, including changes to benefit plans, are expected to have a greater impact in the first quarter of 2027. The company also expects to eliminate about $15 million of negative EBITDA drag over time through the sale of its exit hotels.
SVC remains on track to sell the previously identified 15 hotels. It sold a 133-key hotel in July for $18.4 million and said it had purchase-and-sale agreements or letters of intent for 13 hotels, while one property remained on the market. Management expects most remaining sales to close during the second half of 2026, although one could extend into early 2027.
The company also plans to market its remaining IHG-managed full-service hotel, a 495-key property in Atlanta’s Perimeter submarket, during the third quarter. Bilotto said the management agreement expires early next year, providing potential buyers flexibility regarding branding and future capital plans.
Net Lease Portfolio Produces NOI Growth The net lease business produced a 2.2% sequential increase in cash-basis net operating income, driven by contributions from recent acquisitions, contractual rent increases and lower credit reserves. Occupancy remained at 96.6%.
Vice President Jesse Abair said aggregate portfolio rent coverage improved to 2.09 times on a trailing 12-month basis. TravelCenters of America rent coverage increased 10 basis points to 1.34 times, marking a second consecutive quarter of improvement and a 12% increase since the fourth quarter of 2025.
The company executed leases totaling 210,000 square feet during the quarter, with a weighted average lease term of approximately seven years. Only 1% of annualized base rent is scheduled to expire through year-end, with 3.8% expiring through the end of 2027.
Year-to-date acquisitions totaled about $9 million across four quick-service restaurant and automotive-service properties. Those acquisitions carried weighted average cash and GAAP capitalization rates of 7.9% and 8.8%, respectively. SVC is under agreement to acquire five additional properties for $14.2 million, expected to close in the third quarter. The net lease portfolio includes 745 properties and nearly $400 million of annualized base rent. Abair said more than 95% of annualized base rent comes from leases with contractual rent increases or percentage-rent provisions.
Equity Raise Used to Reduce Debt SVC raised net proceeds of $542 million through an equity offering during the quarter and used proceeds, along with asset-sale proceeds, to redeem $550 million of unsecured notes due in 2027. The redemptions are expected to reduce annual cash interest expense by $30 million.
The company had $4.7 billion of debt outstanding at a weighted average interest rate of 5.66%, with no borrowings outstanding on its $650 million revolving credit facility. The revolver matures in June 2027 and includes a one-year extension option.
Donley said SVC expects to address a $45 million net lease mortgage note maturing in January with asset-sale proceeds. Its $580 million zero-coupon senior secured notes mature in September 2027 and are backed by travel-center lease pools. Management said it believes the collateral provides refinancing flexibility and indicated that a more traditional debt refinancing is likely following the equity raise.
Second-quarter capital improvements totaled $30.5 million, primarily for the Nautilus redevelopment and projects at Royal Sonesta hotels in Boston, New Orleans and Columbus. SVC maintained its expectation for total 2026 capital expenditures of $120 million to $140 million and said it expects positive cash flow available for distribution for the full year.
About Service Properties Trust (NASDAQ:SVC)Service Properties Trust NASDAQ: SVC is a real estate investment trust (REIT) specializing in the acquisition, ownership and leasing of service-oriented properties, with a primary focus on the lodging sector. The company structures long-term, triple-net leases with established hotel operators under franchise agreements with leading global brands. By partnering with recognized hotel companies, Service Properties Trust seeks to generate a stable income stream through rent payments, while offering operators the capital and balance-sheet flexibility to grow their portfolios.
Since its formation in 2010, Service Properties Trust has grown its portfolio through strategic sale-leaseback transactions, targeted property acquisitions and selective dispositions.
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KTOS zvýšila celoroční výhled tržeb na 1,75–1,81 miliardy USD po kvartálních tržbách 458,8 milionu USD. Firma také čeká silný růst hypersoniky a motorů.
Key Takeaways KTOS raised full-year revenue guidance to $1.75B-$1.81B as Q2 revenues hit $458.8M with 19.1% organic growth.KTOS sees hypersonics revenues near $400M in 2026 and at least $700M in 2027 as new capacity comes online.KTOS ordered parts for 3,000 Spartan turbojets for 2027, plans 5,000 more for 2028, at about $50,000 each. Kratos Defense & Security Solutions, Inc. (KTOS - Free Report) used its second-quarter call to emphasize faster production growth in hypersonics, jet engines and unmanned systems, backed by new capacity and program funding.
President and CEO Eric DeMarco tied expansion projects to identified demand, while CFO Deanna Lund highlighted currency pressure and heavy investment as the main offsets to margin gains.
KTOS Raises the Second-Half Growth BarSecond-quarter adjusted earnings of $0.21 per share topped the Zacks Consensus Estimate of $0.13. Revenues came in at $458.8 million, which beat the $411.7 million consensus mark.
CFO Deanna Lund guided third-quarter revenues to $460-$480 million. Kratos also raised full-year revenue guidance to $1.75-$1.81 billion, with third-quarter organic growth projected at 19% to 25%.
President and CEO Eric DeMarco cited $1.99 billion of trailing-12-month bookings, a 1.3 book-to-bill ratio and a $15 billion bid-and-proposal pipeline as support for stronger second-half momentum.
Kratos Hypersonics Moves Into a Higher GearCEO DeMarco said hypersonics is tracking toward $400 million of 2026 revenues after about $200 million in 2025, with at least $700 million targeted for 2027.
A Jefferies analyst asked about the ramp-up. CFO Deanna Lund said third-quarter hypersonics revenues should rise $20 million to $25 million from the second quarter, with the fourth quarter up $20 million to as much as $30 million from second-quarter levels.
DeMarco said the Indiana integration facility is operational and the first of 120 previously ordered solid rocket motors should arrive in the third quarter. He also cited roughly $400 million of recent hypersonic and related funding.
KTOS Builds Ahead of the Jet Engine Ramp-UpDeMarco said Kratos has ordered components for 3,000 Spartan turbojets for 2027 and plans another 5,000 engines for 2028. The average selling price is about $50,000.
A JPMorgan analyst asked about timing. DeMarco said turbojets drive the 2027 step-up, while the 50-50 GE turbofan partnership is expected to enter low-rate initial production in 2028 after the Oklahoma BladeWorks facility opens in summer 2027.
A NOBLE Capital analyst pressed on supply-chain risk. DeMarco said Kratos is qualifying suppliers and backups, with redundancy and quality control central to meeting planned volumes.
Kratos Expands Valkyrie and Drone CapacityDeMarco said Kratos expects another Marine Corps Valkyrie order by year-end. The 2026 outlook includes about 10% organic growth for Unmanned Systems, supported by recent awards including Valkyrie.
A Baird analyst asked about Taiwan and capacity. DeMarco said Mighty Hornet customer flights could support production in the first half of 2027 if milestones are met, while Valkyrie output should average 1.5 aircraft per month during 2027.
DeMarco said longer-term Valkyrie capacity should reach 35 to 40 aircraft annually depending on configuration. To a Clear Street analyst, he put domestic Valkyrie EBITDA margins at 10% to 15% and international margins at 15% to 20%.
KTOS’ Margins Face Shekel and Investment DragCFO Lund called the Israeli shekel the largest margin headwind. She said it reduced second-quarter adjusted EBITDA by about $2.5 million and is expected to create a $5 million to $7 million full-year headwind.
Even so, Lund said Kratos still expects its 2026 adjusted EBITDA margin to improve about 100 basis points from 2025. Full-year adjusted EBITDA guidance is $173 million to $176 million.
Kratos forecasts $250 million to $275 million of 2026 investments, including $125 million to $135 million of capital expenditures. Free cash flow use is projected at $85 million to $105 million.
Kratos Keeps Focus on Funded Scale-UpDeMarco repeatedly emphasized that new facilities are tied to programs, partners, contracts or committed funding rather than speculative demand.
Management’s tone remained confident on hypersonics, engines, drones and space, while execution priorities centered on supplier readiness, production rates and converting funded opportunities into revenues.
KTOS’ Zacks Rank and Style Scores Signal CautionKTOS carries a Zacks Rank #4 (Sell), with a Value Score of F, Growth Score of D, Momentum Score of C and VGM Score of F. Zacks associates a poor Rank with declining earnings-estimate revisions and favors A or B Style Scores with a Zacks Rank #1 (Strong Buy) or #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The current combination sits outside that more favorable Rank-and-Style profile. The Zacks Rank can change as earnings estimates are revised after the just-reported results, so the reading remains a point-in-time signal.
Společnost iRhythm Holdings koupí VitalConnect za zhruba 287,5 milionu USD, aby rozšířila vzdálené monitorování srdce a sledování více vitálních funkcí. Transakce má podpořit růst tržeb a začít přinášet zisk od roku 2027.
Digital healthcare company iRhythm Holdings, Inc. (NASDAQ:IRTC) on Thursday agreed to acquire Vital Connect, Inc., a privately held developer of wearable biosensor technology.
iRhythm Agrees To Acquire VitalConnect for $287.5 MillionThe transaction, valued at approximately $287.5 million, aims to significantly broaden iRhythm’s footprint in ambulatory cardiac monitoring and advanced multi-vitals tracking.
The total purchase price consists of roughly $237.5 million in cash, sourced directly from existing funds on iRhythm’s balance sheet, alongside about $50 million in shares.
To support VitalConnect through the transition, iRhythm will also supply interim working capital financing.
The initial funding starts at $10 million, with additional increments available up to a maximum aggregate of $30 million.
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Acquisition Broadens Cardiac Monitoring and Multi-Vitals CapabilitiesStrategically, the acquisition integrates VitalConnect’s FDA-cleared technology into iRhythm’s portfolio. This platform features a wide range of cardiac monitoring modalities and multi-vitals tracking capabilities designed for both remote care and hospital settings.
The management expects the buyout to strengthen the company’s long-term growth profile. The integration is projected to become accretive to iRhythm’s overall revenue growth rate beginning in 2027.
The efficiency will help finance future growth investments while maintaining the company’s previously stated adjusted EBITDA margin target of 15% in 2027.
iRhythm reported second quarter adjusted earnings of 58 cents. Sales jumped 20.1% year over year to $224.172 million, beating the consensus of $219.324 million.
The company’s quarterly performance demonstrated robust volume-led revenue growth and expanded margins, with continued momentum across cardiology, primary care, innovative channels, and international markets.
Gross profit was $163.2 million, up 22.8% year over year, while gross margin was 72.8%, a 160-basis point improvement.
The increase in gross profit was primarily due to increased volume of Zio services. The increase in gross margin was primarily driven by continued operational efficiencies, product mix, and scale benefits from higher volumes.
iRhythm Raises Fiscal 2026 Sales GuidanceiRhythm raised its fiscal 2026 sales guidance from $875 million-$885 million to $880 million-$890 million versus the consensus of $881.129 million.
William Blair on Friday wrote, “We expect the company will integrate VitalPatch into the existing Zio Suite software and the company will look to expand using the access to new vitals and other VitalConnect IP.”
“In sum, we think this was a good decision from management as this deal will allow it to further accelerate its top line alongside an eventual MCT launch and bolster its margin profile as the new product ramps up,” analyst Brandon Vazquez wrote.
IRTC Price Action: iRhythm Holdings shares were up 3.68% at $132.84 at the time of publication on Friday, according to Benzinga Pro data.
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Cardano (ADA) delivered a notable price surge over the past week, outperforming leading cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Data from CoinGecko shows ADA’s price increased by 7.1% in the last 24 hours, 19.3% over the week, 20.9% in the past 14 days, and 18.6% in the last month.
Whale accumulation and upcoming CME milestoneRecent market attention has focused on large investors, often referred to as whales, who have been accumulating significant amounts of Cardano. According to blockchain analytics platform Santiment, whale wallets recently acquired 240 million ADA coins, bringing their total holdings to approximately 14.5 billion ADA. Historically, substantial whale activity has tended to precede notable price movements. The surge in accumulation has prompted some smaller investors to follow suit.
Significant whale accumulation accounted for 240 million ADA coins entering whale wallets, which now hold around 14.5 billion ADA in total.
Mini dictionary: Santiment is a blockchain analytics company that provides data and research on cryptocurrency market trends, including whale activity, trading volumes, and sentiment analysis.
In addition, Cardano is approaching a key milestone on August 9, 2026, when its 75-day period for regulated futures trading on the Chicago Mercantile Exchange (CME) concludes. Some industry observers speculate that the end of this period could lead to the approval of a Cardano ETF (Exchange Traded Fund), which may attract further institutional interest.
Mini dictionary: The Chicago Mercantile Exchange (CME) is a leading US derivatives marketplace that offers futures contracts for various assets, including cryptocurrencies.
TimeframeADA Price Change24 hours+7.1%1 week+19.3%14 days+20.9%1 month+18.6%The Cardano blockchain itself has also seen important governance developments. Community members recently approved a new roadmap enabling the ADA treasury to fund core development directly. This marks the first time a blockchain will adopt such a model, a change intended to further decentralize control of the network. The update coincides with Cardano’s transition into its Dijkstra era, the latest phase of its ongoing development roadmap.
Mini dictionary: The Dijkstra era refers to a stage in Cardano’s technology and governance development, named after the computer scientist Edsger Dijkstra, focusing on formal methods and decentralization improvements.
Questions about rally sustainabilityDespite the positive momentum, some market risks remain that could threaten the rally’s longevity. US Federal Reserve Chair Kevin Warsh remarked that he stands ready to raise interest rates in September if July inflation numbers trend higher. Tighter monetary policy often puts pressure on cryptocurrency markets, as higher rates can reduce investor appetite for riskier assets.
Additionally, the expected vote on the CLARITY Act, a piece of legislation affecting the regulatory framework for cryptocurrencies, will likely be postponed. Delays in regulatory clarity have the potential to dampen investor sentiment, which could impact ADA’s short-term price trajectory.
A potential delay in voting on the CLARITY Act may reduce investor confidence in Cardano, coupled with possible interest rate hikes looming in September.
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.
VeChain spouští hlasování o upgradu Interstellar, jehož první návrh VIP-255 má posunout VeChainThor blíž ke kompatibilitě se sítí Ethereum. Změna má přinést nové funkce EVM, kryptografii i bezpečnostní limity bez dopadu na tokenomiku tokenů VET a VTHO.
With Galactica’s EVM foundations live and Hayabusa’s transformation of consensus and tokenomics complete, VeChain is ready to enter the next major phase of the Renaissance roadmap—Interstellar.
Interstellar is designed to deepen VeChainThor’s compatibility with the wider Ethereum ecosystem, expand the capabilities available to developers and prepare the network for the next generation of applications.
The first proposed upgrade in this phase, VIP-255, advances VeChainThor’s EVM from its current Shanghai-compatible implementation by adopting compatible execution-layer improvements introduced across Ethereum’s Cancun, Prague and Osaka releases.
The Ethereum Virtual Machine is the most widely adopted smart-contract execution environment in Web3. It underpins a vast ecosystem of development tools, programming languages, libraries and applications. Maintaining close alignment with evolving EVM standards makes it easier for developers to deploy existing applications on VeChainThor, use modern tooling and build new products without unnecessary compatibility barriers.
VIP-255 introduces new EVM instructions, advanced cryptographic capabilities, improved access to historical block information and additional safeguards governing transaction gas and block size.
But before Interstellar can be activated, we need your vote.
Starting 10/08/2026 at 00:00 UTC, eligible VeChain stakeholders will be invited to vote on VIP-255 through the VeVote platform.
Validators and eligible StarGate NFT holders can participate in the governance process and help determine whether VeChainThor proceeds with the proposed Interstellar EVM upgrade.
VIP-255 introduces a coordinated set of EVM improvements spanning three Ethereum releases. Adopting these compatible changes in one hardfork closes a significant portion of the EVM compatibility gap while reducing the number of separate consensus-breaking upgrades required.
New EVM Capabilities EIP-1153: Transient Storage
• Introduces TLOAD and TSTORE, allowing contracts to hold temporary state that is cleared after execution rather than permanently stored on-chain.
• Transient storage enables more gas-efficient contract patterns, including reentrancy guards, temporary authorisation data and intermediate calculations.
• On VeChainThor, transient storage is scoped to an individual clause and cleared when that clause completes.
EIP-5656: MCOPY
• Introduces a dedicated instruction for copying data efficiently between memory locations.
• MCOPY simplifies common memory operations and improves compatibility with modern Solidity, Vyper and other EVM development tools.
EIP-6780: Updated SELFDESTRUCT Behaviour
• Restricts when SELFDESTRUCT can delete a contract, reducing unexpected state changes and aligning VeChainThor with modern EVM behaviour.
• Because VeChainThor supports multi-clause transactions, contract creation and destruction must occur within the same clause for deletion to take place.
EIP-7939: Count Leading Zeros
• Introduces the CLZ opcode for efficiently counting the leading zero bits of a value.
• This instruction supports more efficient mathematical operations, compression algorithms, bitmap processing and zero-knowledge applications.
Advanced Cryptographic Capabilities EIP-2537: BLS12-381 Curve Operations
• Adds native support for BLS12-381 cryptographic operations.
•These capabilities are widely used in zero-knowledge systems, signature aggregation, bridges and interoperability protocols. Implementing them as precompiled contracts allows complex cryptographic operations to be performed far more efficiently than through smart-contract bytecode alone.
EIP-7951: secp256r1 Curve Support
• Adds native verification for secp256r1, also known as P-256, a widely adopted cryptographic curve used by secure hardware and modern authentication standards.
• This creates a foundation for applications using passkeys, FIDO2, WebAuthn, Apple Secure Enclave, Android Keystore and other forms of hardware-backed authentication.
EIP-7823 and EIP-7883: MODEXP Safeguards
• Introduces upper bounds for MODEXP inputs and updates its gas costs to reflect computational requirements more accurately.
• These changes reduce consensus risk from impractically large inputs and help ensure that users pay an appropriate amount of gas for computationally intensive operations.
Core Protocol Improvements EIP-2935: Historical Block Information
• Enables smart contracts to retrieve recent VeChainThor block identifiers through an EIP-compatible contract interface.
• Contracts will be able to query information covering the most recent 8,191 blocks while VeChainThor continues to use its existing state architecture and block-ID structure.
EIP-7825: Transaction Gas Limit Cap
• Introduces a maximum gas limit of 16,777,216 gas for an individual transaction.
• This prevents a single transaction from demanding an excessive share of network resources and improves block-processing predictability.
EIP-7934: Execution Block Size Limit
• Introduces an 8 MiB limit for RLP-encoded blocks.
• This protects the network against excessively large blocks that could negatively affect propagation, execution and validation.
Built for VeChainThor VeChainThor has architectural features that differ from Ethereum, including multi-clause transactions, a dual-token model and its own block-ID structure.
VIP-255 adopts the applicable EVM functionality while preserving these defining characteristics.
Under the proposed implementation:
• Transient storage is scoped to an individual clause.
• The updated SELFDESTRUCT rules are evaluated within the same clause.
• Historical block queries return VeChainThor block IDs.
• Blob-carrying transactions and blob-related opcodes are not introduced.
• VeChainThor’s existing precompiled-contract account convention is preserved.
• Multi-clause transactions and fee delegation remain available and unchanged.
The broader Interstellar work concerning Ethereum transaction equivalence will be specified separately and is not part of this vote.
Developers intending to port Ethereum contracts should review the complete VeChainThor-specific implementation requirements in VIP-255.
The Interstellar Timeline Current Phase: Vote Preparation
• Review VIP-255 and its proposed technical changes.
• Understand the VeChainThor-specific implementation differences.
• Join community discussions through VeChain’s official channels.
• Confirm your eligibility to participate through VeVote.
• Infrastructure providers can begin reviewing their operational upgrade requirements.
Voting Period: 10/08/2026 at 00:00 UTC to 17/08/2026 at 00:00 UTC
• Cast your vote through the VeVote platform.
• Participate in community discussions about the upgrade.
• Help shape the next stage of VeChainThor’s technical evolution.
Post-Approval: Interstellar Implementation If approved:
• The compatible Thor client release will be published.
• Release notes and upgrade instructions will be provided to network operators.
• The Interstellar activation block will be announced separately.
• Validators, public-node operators, exchanges, custodians and infrastructure providers operating VeChainThor nodes must upgrade before activation.
• The upgrade will activate after implementation and testing have been successfully completed.
Nodes that have not upgraded by the activation block will no longer follow the canonical VeChainThor chain.
What Interstellar Means for the Ecosystem For Developers
Interstellar reduces the effort required to bring modern EVM applications to VeChainThor.
Support for newer opcodes and cryptographic precompiles enables developers to use more recent compiler targets, established contract libraries and advanced application patterns. It also unlocks new possibilities across passkey-enabled wallets, account security, interoperability, bridges and zero-knowledge systems.
For Users and Applications
The upgrade expands what applications can offer without requiring users to migrate assets or adopt new token contracts.
Native secp256r1 verification can support more familiar and secure authentication experiences, while improved EVM compatibility allows applications developed elsewhere in the EVM ecosystem to be brought to VeChainThor more efficiently.
For Validators and Infrastructure Providers
Validators, node operators, exchanges, custodians and other infrastructure partners operating VeChainThor nodes will need to install the compatible Thor client release before the announced activation block.
The required Thor version, release instructions and activation schedule will be communicated separately.
Exchanges may temporarily suspend deposits and withdrawals around the activation period in accordance with their standard network-upgrade procedures.
For VET and VTHO Holders
No action is required from ordinary VET or VTHO holders.
Interstellar does not change VET or VTHO tokenomics, including:
• VET or VTHO supply
• VTHO issuance or burning rules
• Staking rewards
• Validator and Delegator reward allocation
• StarGate NFTs
• Governance voting power
•Existing wallet addresses or token contracts
No token migration, asset swap or contract-address change is required.
Vote to Open VeChain’s Next Frontier Galactica modernised VeChainThor’s EVM foundations and fee market. Hayabusa transformed its consensus and economic model. Interstellar now proposes to expand the network’s compatibility, developer capabilities and technical resilience.
VIP-255 brings VeChainThor significantly closer to the modern EVM ecosystem while preserving the architecture and functionality that distinguish the network.
It provides developers with new computational and cryptographic primitives, makes established EVM applications easier to deploy and introduces protocol-level safeguards designed for increasingly advanced workloads.
The foundation is in place. The next stage of the Renaissance is ready to begin.
Your vote can help activate the next chapter of VeChainThor.
Vote from 10/08/2026 at 00:00 UTC: All-Stakeholder Voting Proposal: Interstellar Network Upgrade
Fluor ve 2. čtvrtletí zvýšil tržby o 9 % na 4,3 miliardy USD a nové zakázky vyskočily na 6,1 miliardy USD. Zároveň snížil výhled upraveného EBITDA pro rok 2026 na 500–525 milionů USD.
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced financial results for its second quarter ended June 30, 2026.
“Our second quarter awards demonstrate the successful pull-through of our front-end work and the confidence clients have in Fluor to advance their most important investments,” said Jim Breuer, chief executive officer of Fluor. “These awards reflect conversion of our prospect pipeline, which we continue to replenish with additional opportunities. We remain focused on disciplined growth in our selected markets, strategic capital allocation and long-term value creation for our clients and shareholders.”
Q2 2026 Highlights:
Revenue of $4.3 billion, up 9% y/y GAAP net earnings attributable to Fluor of $114 million Adjusted EBITDA [1] of $149 million EPS of $0.81; adjusted EPS [1] of $0.91 Consolidated segment profit [1] of $170 million Cash and marketable securities at quarter end were $3.0 billion G&A expenses of $41 million Completed NuScale monetization in April Operating Cash Flow: ($317) million, includes $357 million tax payment related to NuScale monetization New Awards: $6.1 billion, compared with $1.8 billion in the prior-year period; 89% reimbursable Backlog: $26.9 billion; 85% reimbursable, with legacy project backlog reduced to $119 million [1] Non-GAAP Financial Measure. See “Non-GAAP Financial Measures” for additional information.
Outlook
We are not providing forward-looking guidance for U.S. GAAP net earnings or U.S. GAAP earnings per share, or a quantitative reconciliation of adjusted EBITDA or adjusted EPS guidance, because we are unable to predict with reasonable certainty all of the components required to provide such reconciliation without unreasonable efforts, which are uncertain and could have a material impact on GAAP reported results for the guidance period. See “Non-GAAP Financial Measures” for additional information.
The company is narrowing its 2026 adjusted EBITDA guidance from $525 – $560 million to $500 – $525 million. This reduction reflects the removal of the previously estimated 2nd half contribution from the JV in Mexico. Adjusted EBITDA guidance excludes items similar to those outlined in the reconciliation table at the end of this release.
Business Segments
Urban Solutions reported second quarter segment profit of $38 million, compared with $29 million in the prior-year period, reflecting increased execution levels on mining and metals projects, partially offset by cost growth of $44 million for the now substantially completed Gordie Howe International Bridge project due to the effects of foreign currency fluctuation, a subcontractor bankruptcy and client driven changes. Revenue improved to $2.9 billion, compared with $2.1 billion a year ago. New awards totaled $3.2 billion, compared with $856 million in the prior-year period. Awards for the quarter included a fertilizer project in Canada, an incremental life sciences award in the United States, and an infrastructure project in Europe. Ending backlog was $19.4 billion, compared with $20.6 billion a year ago.
Energy Solutions reported second quarter segment profit of $88 million, compared with $15 million in the prior-year period. Results reflect favorable close out items on certain projects, including our former JV in Mexico. Revenue was $709 million, compared with $1.1 billion a year ago. New awards totaled $704 million, compared with $549 million in the second quarter of 2025. New awards for the quarter included a gas compression project on the west coast and the limited notice to proceed on the phase 2 expansion of the LNG Canada project. Ending backlog was $3.5 billion, compared with $5.6 billion a year ago.
Mission Solutions reported second quarter segment profit of $44 million, compared with $35 million in the prior year period. Results reflect improved award fee performance within our DOE portfolio. Second quarter revenue was $716 million, compared with $762 million a year ago. New awards increased to $2.2 billion from $363 million in the second quarter of 2025 and included the reimbursable EPC contract for the Centrus nuclear fuel enrichment facility.
Conference Call
Fluor will host a conference call at 8:30 a.m. Eastern on Friday, August 7, which will be webcast live and can be accessed by logging onto investor.fluor.com. The call will also be accessible by telephone at 833-461-5787 (U.S./Canada) or +1 585-542-9983. The conference ID is 315702289.
A replay of the webcast will be available for 30 days.
Non-GAAP Financial Measures
This news release contains discussions of consolidated segment profit (loss) and margin, adjusted net earnings (loss), adjusted EPS and adjusted EBITDA that are non-GAAP financial measures under SEC rules. Segment profit (loss) is calculated as revenue less cost of revenue and earnings attributable to noncontrolling interests. The company believes that segment profit (loss) provides a meaningful perspective on its business results as it is the aggregation of individual segment profit measures that the company utilizes to evaluate and manage its business performance. Adjusted net earnings (loss) is defined as net earnings (loss) from core operations excluding equity method earnings and the impacts of foreign exchange fluctuations, impairments and certain items that management believes are unrelated to actual normalized operational performance. Net earnings (loss) from core operations is net earnings (loss) attributable to Fluor excluding the results of our remaining Stork and AMECO equipment businesses that are no longer classified as discontinued operations but that continue to be marketed for sale or that have been sold. Adjusted EPS is defined as adjusted net earnings divided by weighted average diluted shares outstanding. Adjusted EBITDA is defined as net earnings from operations before interest, income taxes, depreciation and amortization (EBITDA), further adjusted by the same items excluded from adjusted net earnings. The company believes adjusted net earnings, adjusted EPS and adjusted EBITDA allow investors to evaluate the company’s ongoing earnings on a normalized basis and make meaningful period-over-period comparisons. However, non-GAAP measures have limitations as analytical tools and should not be considered in isolation from or a substitute for measures of financial performance prepared in accordance with U.S. GAAP. In addition, these non-GAAP measures are not necessarily comparable to similarly titled measures reported by other companies. Reconciliations of consolidated segment profit (loss), adjusted net earnings, adjusted EPS and adjusted EBITDA to the most comparable GAAP measures are included in the press release tables. The company is unable to provide a reconciliation of its adjusted EPS and adjusted EBITDA guidance to the most comparable GAAP measure without unreasonable efforts because it is unable to predict with reasonable certainty all of the components required to provide such reconciliation, including the impact of foreign exchange fluctuations, which are uncertain and could have a material impact on GAAP reported results for the guidance period.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s nearly 23,500 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $15.5 billion in 2025 and is ranked 292 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than a century. For more information, please visit www.fluor.com or follow Fluor on Facebook, Instagram, LinkedIn, X and YouTube.
Forward-Looking Statements: This release may contain forward-looking statements (including without limitation statements to the effect that the Company or its management "will," "believes," "expects," “anticipates,” "plans" or other similar expressions). These forward-looking statements including statements relating to strategic and operation plans, future growth, new awards, backlog, earnings, capital allocation plans and the outlook for the company’s business.
Actual results may differ materially as a result of a number of factors, including, among other things, the cyclical nature of many of the markets the Company serves and our clients’ vulnerability to poor economic conditions, such as inflation, slow growth or recession, which may result in decreased capital investment and reduced demand for our services; the Company's failure to receive new contract awards; cost overruns, project delays or other problems arising from project execution activities, including the failure to meet cost and schedule estimates; intense competition in the industries in which we operate; the inability to hire and retain qualified personnel; failure of our joint venture or other partners to perform their obligations; the failure of our suppliers, subcontractors and other third parties to adequately perform services under our contracts; cyber-security breaches; possible information technology interruptions; risks related to the use of artificial intelligence and similar technologies; exposure to political and economic risks in different countries, including tariffs and trade policies, geopolitical events and conflicts, civil unrest, security issues, labor conditions and other foreign economic and political uncertainties in the countries in which we do business; the impact of government shutdowns and spending cuts, in particular with respect to our contracts with the U.S. government; client cancellations of, or scope adjustments to, existing contracts; failure to maintain safe worksites and international security risks; risks or uncertainties associated with events outside of our control, including weather conditions, pandemics, public health crises, political crises or other catastrophic events; the use of estimates in preparing our financial statements; client delays or defaults in making payments; uncertainties, restrictions and regulations impacting our government contracts; the potential impact of certain tax matters; the Company's ability to secure appropriate insurance; liabilities associated with the performance of nuclear services; foreign currency risks; the loss of one or a few clients that account for a significant portion of the Company's revenues; failure to adequately protect intellectual property rights; climate change, natural disasters and related environmental issues; increasing scrutiny with respect to sustainability practices; risks related to our indebtedness; the availability of credit and restrictions imposed by credit facilities, both for the Company and our clients, suppliers, subcontractors or other partners; restrictive covenants contained in the agreements governing our debt; possible limitations on bonding or letter of credit capacity; failure to obtain favorable results in existing or future litigation and regulatory proceedings, dispute resolution proceedings or claims, including claims for additional costs; failure by us or our employees, agents or partners to comply with laws; new or changing legal requirements, including those relating to environmental, health and safety matters; and restrictions on possible transactions imposed by our charter documents and Delaware law. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, the Company’s results may differ materially from its expectations and projections.
Additional information concerning these and other factors can be found in the Company's public periodic filings with the Securities and Exchange Commission, including the discussion under the heading "Item 1A. Risk Factors" in the Company's Form 10-K filed on February 17, 2026. Such filings are available either publicly or upon request from Fluor's Investor Relations Department: (469) 398-7222. The Company disclaims any intent or obligation other than as required by law to update its forward-looking statements in light of new information or future events.
SUMMARY OF FINANCIALS AND U.S. GAAP RECONCILIATION OF CONSOLIDATED SEGMENT PROFIT
Three Months Ended
June 30,
Six Months Ended
June 30,
(in millions)
2026
2025
2026
2025
Revenue
Urban Solutions
$
2,904
$
2,070
$
5,341
$
4,227
Energy Solutions
709
1,143
1,412
2,349
Mission Solutions
716
762
1,238
1,358
Other
—
3
—
25
Total revenue
$
4,329
$
3,978
$
7,991
$
7,959
Segment profit (loss) $ and margin %
Urban Solutions
$
38
1.3
%
$
29
1.4
%
$
44
0.8
%
$
99
2.3
%
Energy Solutions
88
12.4
%
15
1.3
%
161
11.4
%
63
2.7
%
Mission Solutions
44
6.1
%
35
4.6
%
(26
)
(2.1
)%
40
2.9
%
Other
—
NM
(1
)
(33.3
)%
(1
)
NM
8
32.0
%
Total segment profit $ and margin %
$
170
3.9
%
$
78
2.0
%
$
178
2.2
%
$
210
2.6
%
G&A
(41
)
(52
)
(103
)
(88
)
Gain on sale of CFHI
—
—
124
—
Foreign currency gain (loss)
(3
)
(30
)
12
(44
)
Interest income, net
21
17
36
34
Earnings (loss) attributable to NCI
9
(22
)
15
(13
)
Earnings (loss) before taxes
156
(9
)
262
99
Income tax expense(1)
(25
)
(765
)
(17
)
(712
)
Net earnings (loss) before equity method earnings
131
(774
)
245
(613
)
Equity method earnings (loss)
(8
)
3,212
44
2,819
Net earnings
123
2,438
289
2,206
Less: Net earnings (loss) attributable to NCI
9
(22
)
15
(13
)
Net earnings attributable to Fluor
$
114
$
2,460
$
274
$
2,219
New awards
Urban Solutions
$
3,172
$
856
$
5,316
$
6,186
Energy Solutions
704
549
916
864
Mission Solutions
2,227
363
2,560
527
Other
—
—
—
—
Total new awards
$
6,103
$
1,768
$
8,792
$
7,577
New awards related to projects located outside of the U.S.
37
%
50
%
42
%
19
%
(in millions)
June 30,
2026
June 30,
2025
Backlog
Urban Solutions
$
19,439
$
20,576
Energy Solutions
3,461
5,583
Mission Solutions
3,991
2,046
Other
—
—
Total backlog
$
26,891
$
28,205
Backlog related to projects located outside of the U.S.
42
%
42
%
Backlog related to reimbursable projects
85
%
80
%
SUMMARY OF CASH FLOW INFORMATION
Six Months Ended
June 30,
(in millions)
2026
2025
OPERATING CASH FLOW (1)
$
(207
)
$
(307
)
INVESTING CASH FLOW
Proceeds from the sale of NuScale shares
1,831
—
Proceeds from sales and maturities (purchases) of marketable securities
(59
)
34
Capital expenditures
(18
)
(25
)
Proceeds from sales of assets (including the sale of CFHI in 2026)
124
62
Investments in partnerships and joint ventures
(101
)
(135
)
Other
6
3
Investing cash flow
1,783
(61
)
FINANCING CASH FLOW
Repurchase of common stock
(816
)
(295
)
Purchase and retirement of debt
—
(36
)
Capital contributions by NCI (net of distributions)
51
—
Other
(1
)
(10
)
Financing cash flow
(766
)
(341
)
Effect of exchange rate changes on cash
(22
)
52
Increase (decrease) in cash and cash equivalents
788
(657
)
Cash and cash equivalents at beginning of period
2,135
2,829
Cash and cash equivalents at end of period
$
2,923
$
2,172
Cash paid during the period for:
Interest
$
18
$
19
Income taxes (net of refunds)
418
83
(1) Includes $357 million for income taxes associated with NuScale share sales.
RECONCILIATION OF U.S. GAAP NET EARNINGS TO ADJUSTED NET EARNINGS AND U.S. GAAP EARNINGS PER SHARE TO ADJUSTED EARNINGS PER SHARE (1)
THREE MONTHS ENDED
JUNE 30,
SIX MONTHS ENDED
JUNE 30,
(In millions, except per share amounts)
2026
2025
2026
2025
Net earnings attributable to Fluor
$
114
$
2,460
$
274
$
2,219
Exclude: Stork businesses (now divested)
—
1
1
(9
)
Net earnings from core operations (1)
114
2,461
275
2,210
Adjustments: (2)
Equity method (earnings) loss
$
8
$
(3,212
)
$
(44
)
$
(2,819
)
Gain on sale of CFHI
—
—
(124
)
—
Systems & business transformation cost
3
—
3
—
Impact of litigation on completed projects (3)
2
28
98
56
Impact of bad debt reserve taken for a long-completed project
—
—
—
22
Severance and other exit costs
—
9
—
9
Reserve for legacy legal claims
—
4
—
4
Embedded foreign currency derivative (gain)/loss
(1
)
11
(2
)
13
Foreign currency (gain)/loss
3
30
(10
)
44
Tax (benefit) expense on above items
—
741
(46
)
658
Adjusted Net Earnings
$
129
$
72
$
150
$
197
Diluted EPS
$
0.81
$
14.81
$
1.89
$
13.19
Adjusted EPS
$
0.91
$
0.43
$
1.04
$
1.17
(1) Core operations excludes the results of our now-divested Stork businesses.
(2) We exclude earnings impacts for litigation outcomes, claims, settlements or associated damages from adjusted earnings when they are significant in magnitude, non-routine and do not represent on-going normal operations.
(3) Reflects the impact of a ruling on the LOGCAP materials management qui tam matter for the six months ended June 30, 2026. Reflects the impact of an arbitration ruling on a fabrication project at our Energy Solutions joint venture in Mexico for the three months ended June 30, 2025. For the six months ended June 30, 2025, amounts also include the impact of a recent ruling on a long-standing claim on a Mission Solutions project completed in 2019.
RECONCILIATION OF U.S. GAAP NET EARNINGS ATTRIBUTABLE TO FLUOR TO ADJUSTED EBITDA
THREE MONTHS ENDED
JUNE 30,
SIX MONTHS ENDED
JUNE 30,
(in millions)
2026
2025
2026
2025
Net earnings attributable to Fluor
$
114
$
2,460
$
274
$
2,219
Interest income, net
(21
)
(17
)
(36
)
(34
)
Tax expense
25
765
17
712
Equity method (earnings) loss
8
(3,212
)
(44
)
(2,819
)
Depreciation & amortization
16
17
32
35
EBITDA
$
142
$
13
$
243
$
113
Adjustments: (1)
Stork businesses (now divested)
$
—
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Fluor (FLR - Free Report) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +24.66%. A quarter ago, it was expected that this engineering, construction and operations company would post earnings of $0.66 per share when it actually produced earnings of $0.14, delivering a surprise of -78.79%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Fluor, which belongs to the Zacks Engineering - R and D Services industry, posted revenues of $4.33 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 13.97%. This compares to year-ago revenues of $3.98 billion. The company has topped consensus revenue estimates just once 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.
Fluor shares have added about 23% since the beginning of the year versus the S&P 500's gain of 12.6%.
What's Next for Fluor?While Fluor has outperformed 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 Fluor was unfavorable. 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 #5 (Strong Sell) for the stock. So, the shares are expected to underperform 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 $0.85 on $3.92 billion in revenues for the coming quarter and $2.63 on $15.66 billion 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, Engineering - R and D Services is currently in the top 40% 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 same industry, TSS Inc. (TSSI - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 13.
This company is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of +33.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
TSS Inc.'s revenues are expected to be $51.9 million, up 18% from the year-ago quarter.
StepStone Group oznámila za fiskální 1. čtvrtletí čistou ztrátu 116 milionů USD, ale výnosy z poplatků meziročně vzrostly o 30 % na 106 milionů USD. Tržby z poplatků stouply o 27 % na 271 milionů USD a firma zvýšila čtvrtletní dividendu o 18 % na 0,33 USD na akcii.
3 Late-Season Earnings Plays for Mid-Cap TradersStepStone Group NASDAQ: STEP reported a fiscal first-quarter 2027 GAAP net loss attributable to the company of $116 million, or $1.41 per share, while fee-related earnings and adjusted net income increased from the prior-year period.
Head of Investor Relations Seth Weiss said the GAAP result reflected accounting for a change in the fair value of StepStone’s planned buy-in of profits interests associated with its private wealth business. The private wealth team entered its put period during the June quarter, and StepStone expects to enter its call period in the third quarter of calendar 2027.
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On a non-GAAP basis, StepStone generated fee-related earnings of $106 million, up 30% year over year, with a 39% fee-related earnings margin. Adjusted net income rose to $60 million, or $0.48 per share, from $49 million, or $0.40 per share, a year earlier.
Fee Revenue and Assets Expand Chief Financial Officer David Park said fee revenue increased 27% from the prior-year quarter to $271 million, supported by growth in fee-earning assets across the company’s platform. The company ended the quarter with nearly $10 billion of sequential growth in fee-earning assets.
StepStone’s fee-earning assets plus undeployed fee-earning capital reached approximately $193 billion, up $9 billion sequentially and $37 billion from a year earlier. Undeployed fee-earning capital totaled more than $39 billion after the company activated two private equity secondaries funds in June, adding nearly $3 billion of fee-earning assets.
Park said StepStone’s blended management fee rate was 65 basis points over the trailing 12 months, unchanged from fiscal 2025. Growth in evergreen funds offset lower fee rates associated with recently revised terms for the company’s private equity secondaries and GP-led secondaries funds.
Management said it expects the commingled-fund fee rate to remain relatively flat over the next several quarters to a year as the secondaries funds continue raising capital. The company expects fee-rate expansion to resume after the funds are fully raised, driven by private wealth growth and fee-rate step-ups in the secondaries strategies.
The company also expects a managed-account mandate of roughly $1.5 billion to expire in the next quarter. The mandate carries a fee rate in line with StepStone’s average separate managed account fee rate, though management noted there will be a partial offset to adjusted net income from non-controlling interests.
Fundraising Led by Private Wealth and Secondaries Chief Executive Officer Scott Hart said the company recorded $10 billion of gross inflows during the quarter, split between managed accounts and commingled funds. Over the past 12 months, StepStone generated nearly $40 billion of gross asset additions, its strongest 12-month fundraising period, with roughly equal contributions from managed accounts and commingled funds.
Private wealth was a major contributor. The platform recorded a quarterly record of $2.8 billion in subscriptions, lifting private wealth assets above $21 billion. Platform redemptions were below 2% during the quarter, according to Hart.
The company’s SPRING venture and growth equity fund accounted for nearly $1.7 billion of private wealth subscriptions. Hart said the quarter’s subscription pace was elevated but that StepStone expects SPRING to continue generating healthy ongoing subscriptions. S Prime, the company’s all-private-markets offering, raised more than $400 million during the quarter, while other inflows were spread across private equity, credit and infrastructure evergreen funds.
StepStone’s evergreen non-traded business development company, S-Cred, generated more than $500 million of subscriptions and grew to $2.8 billion. The company said more than 800 partners now distribute its private wealth funds. Among platforms that have been selling StepStone products for at least one year, the average platform distributes two funds.
In drawdown funds, StepStone cited a $1 billion first close for its newest venture capital secondaries fund, $500 million of closes for an infrastructure co-investment fund, $300 million for private equity secondaries funds, and $200 million for a private equity co-investment fund.
SPRING Performance and Carry Outlook Park said SPRING generated a 23% net return during the first half of the calendar year, supported by several value-creation events. The fund’s incentive fees are expected to be recognized in StepStone’s fiscal third quarter because they crystallize annually at the end of December.
Management said the fund’s results could experience more near-term volatility because of public-market valuation movements. Hart said SPRING has more than 2,000 positions, with approximately 75 investments accounting for 75% of net asset value. He said a previously larger public position had declined to a mid-teens percentage of the fund after recent trading and ongoing fundraising and portfolio markups.
Net accrued carry rose 19% year over year to $935 million. Park said more than 70% of accrued carry was tied to programs older than five years. Hart said improving realization activity has not always translated directly into performance fees because many transactions have involved partial rather than full realizations, and because of preferred-return and waterfall structures. However, he said the company has seen a number of announced full exits that could contribute in coming quarters.
Private Wealth Buy-In and Shareholder Returns Hart said StepStone intends to buy in the private wealth profits interests as soon as it is contractually permitted. The transaction would allow the company to capture the full economics of one of its fastest-growing businesses, he said.
Head of Strategy Mike McCabe said the transaction can be funded with up to 75% StepStone equity, with the remainder in cash. StepStone expects to use available cash, operating cash flow and potentially capital markets financing for the cash portion while seeking to maintain its investment-grade credit rating. Hart said a portion of equity consideration would be immediately tradable, while the balance would be subject to a three-year lockup.
The company raised its quarterly dividend by 18% to $0.33 per share from $0.28 per share. It also repurchased an additional $21 million of stock since the end of fiscal 2026. Since announcing its $100 million authorization in March, StepStone has repurchased $30 million of shares, or more than 710,000 shares, at an average price of $41.87.
About StepStone Group (NASDAQ:STEP)StepStone Group is a global private markets investment firm that provides specialized investment solutions across private equity, private credit and real assets. The firm offers customized portfolios, secondary interests, direct co-investments and tailored advisory services to institutional investors worldwide. StepStone's integrated research and data analytics platform supports its investment teams in sourcing opportunities and monitoring portfolio companies.
Founded in 2007 as an independent private markets specialist, the company has grown its presence through both organic expansion and strategic partnerships.
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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BNB Chain získala od BSI certifikace ISO/IEC 27001 a ISO/IEC 27701 pro informační bezpečnost a ochranu osobních údajů a soukromí. Certifikace pokrývají její infrastrukturu, správu klíčů i provozní procesy.
TL;DRBSI, the UK's national standards body, has certified BNB Chain to ISO/IEC 27001 (information security) and ISO/IEC 27701 (privacy).The audit covers BNB Chain's own infrastructure: the systems that deploy and run smart contracts, key management, and the operational processes around them.Banks, asset managers, and governments already require ISO 27001 and 27701 as baseline vendor requirements. BSI's assessment gives them a third-party audit trail. What These Two Certifications Actually AreISO/IEC 27001 is the international standard for information security management. It does not certify a product as unhackable. It certifies that an organisation has a documented system for identifying security risks, controlling access, handling incidents, and reviewing all of it on a schedule, and that an accredited external auditor checked that system and found it working.
ISO/IEC 27701 extends the same system to personal data: how it is collected, who can see it, how long it is kept, and what happens when someone asks for it to be deleted.
Neither certificate is self-assessed. An external body audits against the standard and re-audits to keep the certificate valid. BSI, the UK's national standards body, carried out both assessments for BNB Chain.
What BSI auditedFor 27001: BNB Chain's information security management system, covering the infrastructure that deploys and executes smart contracts and decentralised applications, along with the blockchain services and components supporting them.
For 27701: BNB Chain is designated a PII Controller, meaning it is treated as the party responsible for deciding how personal data is handled rather than a processor acting on someone else's instructions. The certified scope covers its infrastructure, key management systems, and the operational processes built around them, rather than internal company privacy policy alone.
Why Institutions Should CareA bank or asset manager evaluating blockchain infrastructure runs the same due-diligence checklist it runs on any technology vendor: show us your information security management system, show us how personal data is handled, and show us that someone with no stake in the answer verified both.
In crypto, that evidence has usually come from wherever it was easiest to produce: an exchange's compliance page, a custody provider's trust center, a single vendor's audit report. Useful documents, but none of them cover the chain.
ISO 27001 and 27701 are already standard vendor-selection requirements inside traditional finance, and some institutions will not onboard a technology partner without them. For those counterparties, the answer is no longer "trust our security posture." It is a certificate, an assessor, and a published scope.
Why Certifying the Chain Layer is DifferentMost ISO certifications that have shown up in crypto so far sit with an exchange or an individual vendor serving a network, each securing its own slice of the stack. That certification travels with the company, and it moves or lapses when the company or the product changes. It says nothing about the network underneath.
BNB Chain's certification sits a layer down on the infrastructure institutional partners are actually building on.
Moving ForwardFor banks, asset managers, and governments evaluating BNB Chain for use, that's the kind of evidence procurement and risk teams look for before a partnership moves forward: an external audit trail.
BNB Chain přidala za poslední rok 395 000 nových držitelů tokenizovaných akcií, nejvíce ze všech řetězců. Do konce června 2026 na ní běželo přes 709 tokenizovaných akcií a ETF.
Tokenized stocks have gone from a niche experiment to a genuine battleground for blockchain market share. BNB Chain added 395,000 new stock token holders over the past year, more than any other chain.
As of late June 2026, BNB Chain hosted more than 709 tokenized stocks and ETFs, ranging from household names like Nvidia and Micron to newer listings like Circle’s CRCL. Cumulative trading volume on those assets surpassed $5 billion, while total market cap crossed the $1 billion mark.
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Ondo increased its tokenized stock offerings on BNB Chain by 440%, reaching $221 million in value on the chain.
Real-world asset value sitting on BNB Chain reached approximately $3.89 billion by mid-2026, making it the second-largest blockchain by RWA total. In May 2026, RWA trading volume on BNB Chain ran at roughly $900 million for the month.
BNB Chain maintained somewhere between 76 million and 80 million stablecoin holders.
By late July 2026, Robinhood Chain had overtaken BNB Chain in the count of tokenized-stock holders. Robinhood Chain recorded approximately 329,200 tokenized-stock holders at that point. Solana came in second with around 281,400. BNB Chain sat at 214,600.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Chainlink dokončil v rámci Synchronisation Lab Bank of England demonstraci synchronizovaného vypořádání aktiv, která propojuje centrální bankovní peníze s tokenizovanými aktivy na veřejných blockchainech. Jde o proof of concept pro atomické vypořádání v reálném čase s využitím Chainlink Runtime Environment (CRE).
@Chainlink has completed a working demonstration inside the Bank of England's Synchronisation Lab, using the Chainlink Runtime Environment (CRE) to bridge central bank money with tokenized assets held on public blockchains. The result is a concrete proof of concept for real-time, atomic settlement between legacy financial infrastructure and decentralized ledgers.
Inside the Synchronisation Lab Chainlink was selected to participate in the Bank of England's Synchronisation Lab, a platform designed to validate the Bank's renewed RTGS service, RT2, by showcasing a diverse range of use cases reflecting depth of interest across the sector. The lab brings together 18 firms tasked with exploring coordination between sterling balances held at the central bank and securities recorded on distributed ledgers.
The goal is to test whether atomic settlement, where payments and asset transfers happen at the same time, could work safely and efficiently within the UK's real-time gross settlement (RTGS) system. The Bank of England confirmed that the lab does not deal with real money and does not grant regulatory approvals, and that the results will help guide design choices for future direct synchronization possibilities.
The demonstration deployed three specialized interfaces working in concert: a Synchronization Operator UI, a CRE monitoring hub, and a dedicated Central Bank confirmation portal, each handling a distinct layer of the cross-chain transaction workflow.
CRE as the Institutional Orchestration Layer The Chainlink Runtime Environment (CRE) serves as the orchestration layer that connects fragmented systems, enabling the Chainlink interoperability standard and Chainlink data standard to function across any environment. It can enable atomic or hybrid settlement across chains and traditional systems.
From stablecoins and tokenized real-world assets to Delivery vs. Payment (DvP) settlement and onchain data distribution, a wide variety of advanced onchain finance use cases are already being built and deployed on CRE by leading institutions, Web2 enterprises, and Web3 protocols. The Bank of England pilot adds sovereign-level validation to that track record.
As the lab progresses through 2026, the results are expected to offer practical evidence on how onchain securities can interact with central bank money, findings that may help define how the UK's financial system ultimately moves onchain, from wholesale securities settlement to new forms of digital cash-backed instruments.
Crypto Briefing: Bank of England taps Chainlink to support onchain securities settlement
Banking Exchange: Bank of England Launches Pilot for Tokenized Asset Settlement
PR Newswire: Chainlink Runtime Environment Goes Live
Výnosové vaulty Bitget na Morph dosáhly týden po spuštění uzamčené hodnoty 55 milionů USD. Produkt bgBTC běží na Bitget Exchange, strategie USDC přes Bitget Wallet.
Bitget's yield vaults on Morph, built with Gauntlet and Morpho, have reached a combined $55 million in total value locked one week after launch.
The bgBTC yield product went live on Bitget Exchange on July 31, followed by a USDC strategy on August 3 through the self-custodial Bitget Wallet. Onchain data shows roughly $32.1 million in BTC collateralized against the bgBTC vault, with $12.1 million in USDC borrowed against that collateral, and a separate $23.2 million deposited in a Gauntlet-managed vault on Morph. Morph provides the infrastructure connecting Bitget users to vault strategies that Gauntlet designs and manages, while Morpho supplies the underlying credit network.
The launch, announced jointly by the three companies on July 31, offers USDC depositors up to roughly 18% APY and bgBTC holders around 3%, with Chainlink's Cross-Chain Interoperability Protocol handling bgBTC transfers between Morph's Layer 2 and other chains.
"The future isn't about forcing users to learn new systems. It's about bringing opportunities to where users already are," Bitget CEO Gracy Chen said in the announcement. "By integrating onchain yield directly into the Bitget experience, we're removing friction between holding BTC and putting it to work."
Kate Wong, Morph's liquidity and DeFi lead, told Blockhead that the pace of early adoption signals that demand for onchain yield among centralized exchange users is genuine.
"We can ensure our products are built for that demand by collaborating with trusted curators and credit networks," Wong said. "The next phase is scaling that same model across more assets and more of the products people touch every day, so that digital assets no longer have to sit idle but can be put to work."
Morpho, which holds more than $11 billion in deposits and counts Coinbase, Bitwise and Société Générale among its institutional partners, is the credit network underwriting Gauntlet's vaults. Gauntlet itself manages more than $1.5 billion onchain across over 150 integrations, and Matt Dobel, the firm's VP of growth, said the Bitget deployment reflects the scale it's building toward.
Whether $55 million in TVL after one week holds up as a durable base, or reflects early-adopter incentives around a new yield product, will be the more telling number in the months ahead — particularly as Morph and Gauntlet look to extend the same vault model to other assets.
We’re excited to announce that USDC1 and CCTP are live on X Layer.
X Layer is a Layer-2 (L2) blockchain from OKX that is EVM compatible and supports a wide range of use cases including payments, AI-native workflows, DeFi activity, and more. With over 120 million global OKX exchange users, Circle’s new X Layer integrations aim to bring expanded utility by delivering trusted, interoperable, and regulated1 stablecoin infrastructure to OKX’s large and established trading ecosystem.
With the launch of native USDC and CCTP, X Layer gains access to a widely used and regulated1 dollar stablecoin. This unlocks dollar-denominated payments, crosschain money movement, agentic commerce, DeFi lending and borrowing, and more on a blockchain designed for transaction efficiency and speed, EVM compatibility, and AI-friendly and institutional-grade workflows.
Benefits of USDC on X Layer:
Regulated,1 fully reserved stablecoin redeemable 1:1 for USD2Institutional on/offramps with Circle Mint3 for qualified businessesEasy integration with X Layer apps and protocolsDollar-denominated payments, DeFi activity, and AI-powered transactionsCCTP on X Layer enables developers to:
Securely and efficiently move USDC between X Layer and other supported blockchainsKey use cases of USDC on X LayerNative USDC can help establish a trusted dollar-denominated ecosystem on X Layer. With MiCA compliance, full reserve backing, and 1:1 redeemability for dollars,2 USDC supports settlement, crosschain money movement, AI-powered workflows, and DeFi lending and borrowing. Establishing deep liquidity for USD/USDC trading pairs can support lower-slippage DeFi activity, settlement, and AI-driven applications at the scale institutions and enterprises need. Through CCTP, users and developers can move USDC securely across ecosystems.
Together, native USDC and CCTP can give businesses and developers on X Layer access to regulated1 fiat rails for institutional-grade trading, programmable payments, and DeFi activity.
Popular X Layer apps include: OKX and OKX DEX Bridge.
Bridged vs native USDC on X LayerX Layer also supports bridged USDC (USDC_Bridged), a non-native version of USDC that is bridged to X Layer from Ethereum. USDC_Bridged is not issued by Circle. The X Layer team plans to work with ecosystem apps and protocols to smoothly migrate USDC_Bridged liquidity to native USDC over time.
This gives X Layer the same native stablecoin features that are already available on other supported chains. There is no immediate impact to existing bridges and they will continue to operate normally. Bridged USDC will remain clearly labeled as “USDC_Bridged” in block explorers, app interfaces, and documentation.
Get started todayBusinesses can access institutional on/offramps to convert to USDC on X Layer by applying for a Circle Mint3 account. Individuals and smaller institutions can access USDC through various exchanges, wallets, and providers. Visit circle.com/usdc to learn more.
Get started today with our developer docs for USDC and CCTP. USDC is an open-source, permissionless stablecoin protocol that anyone can build with.
1 USDC is issued by regulated affiliates of Circle. A list of Circle’s regulatory authorizations can be found here.
2 Circle Mint customers are able to redeem USDC directly from Circle. In addition, Circle will redeem all USDC presented to it for redemption in compliance with MiCAR, regardless of whether the holder is a Circle Mint customer. Circle Mint is currently available only to institutions and is not available to individuals.
3 Circle Mint and money transmission services are provided by Circle Internet Financial, LLC. Circle Internet Financial, LLC, NMLS # 1201441, is a licensed provider of money transmission services. A full list of Circle’s licenses can be found here. Circle Mint is currently available only to institutions and is not available to individuals.
SEI Investments oznámila rekordní čtvrtletí: tržby vzrostly na 641,6 milionu USD a upravený zisk na akcii na 1,66 USD. Akcie SEIC jsou letos výše o 28 %.
SEI Investments Company (SEIC) up 24% in last six months thanks to Big Money inflows.
SEIC provides investment processing, investment management, and investment operations platforms for private banks, financial advisors, institutional investors, and investment managers. SEIC’s second-quarter fiscal 2026 report showed revenue of $641.6 million (a 15% year-over-year gain), adjusted per-share earnings of $1.66 (a 38% rise), $207 million in operating income (a 36% jump) – all of which were quarterly records – and the company has nearly $400 million in cash for more growth ahead.
It’s no wonder SEIC shares are up 28% so far this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock
SEI Attracts Institutions Institutional volumes reveal plenty. Over the last year, SEIC has enjoyed strong investor demand, which we believe to be institutional support.
Each green bar signals unusually large volumes in SEIC shares. They reflect our proprietary inflow signal, pushing the stock higher:
Since its April low, SEIC is up 40.1% thanks to a series of institutional inflows. Source: www.moneyflows.com Plenty of financials names are under accumulation right now. But there’s a powerful fundamental story happening with SEI.
SEI Fundamental Analysis Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, SEIC has had strong sales and earnings growth:
Also, EPS is estimated to ramp higher this year by +10.6%.
Now it makes sense why the stock has been powering to new heights. SEIC has a track record of strong financial performance.
Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.
SEI has been a top-rated stock at MoneyFlows. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
It’s made the rare Outlier 20 report 69 times since 2000, gaining 1,097%. The blue bars below show when SEIC was a top pick in the last 20 years…institutions love this stock:
SEIC has garnered 69 outlier inflow signals since June 2000, rising 1,097% since then. Source: www.moneyflows.com Tracking unusual volumes reveals the power of money flows.
This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.
SEI Price Prediction The SEIC rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.
Disclosure: the author holds no position in SEIC at the time of publication.
If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MoneyFlows process here.
SEALSQ od září 2026 spustí druhou fázi své iniciativy Quantum za 200 milionů USD a plánuje do konce roku 2027 vyčlenit dalších 100 milionů USD na nová kvantová aktiva.
GlobalFoundries' secure CMOS manufacturing platform, Quobly's silicon spin-qubit processors and EeroQ's electrons-on-helium architecture converge inside a single Root-to-Qubit-to-Space trust framework, as SEALQUANTUM.com prepares to deploy the next $100 million across new sovereign quantum assets August 07, 2026 08:30 ET | Source: SEALSQ
Geneva, Switzerland , Aug. 07, 2026 (GLOBE NEWSWIRE) --
August 7, 2026 — SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or the "Company"), a global leader in secure semiconductors, PKI and post-quantum cybersecurity technologies, outlines today how its SEALQuantum.com Sovereign Quantum Vertical Stack (“Stack”) is interconnecting the growing roster of partners and portfolio companies within the SEALQUANTUM.com ecosystem. Beginning in September SEALSQ will enter the second phase of deploying its $200 million budgeted allocation of capital, an internal strategic initiative through which SEALSQ allocates its own capital resources, targeting strategic Quantum assets to further strengthen and scale the platform and accelerate development of its post-quantum and quantum technology capabilities.
Second Phase of Deployment of the $200 Million Commitment Begins in September
Building on the more than $65 million already deployed out of the SEALQuantum.com initiative’s $200 million budget allocation, an additional $100 million has been earmarked for closing through the end of 2027. SEALSQ confirmed that, starting in September 2026, SEALQUANTUM.com will begin the second phase of allocation of its $200 million Quantum initiative. This next phase is intended to add further strategic assets to the Quantum Vertical Sovereign Stack, extending the ecosystem's coverage across post-quantum semiconductors, quantum-resistant cryptographic infrastructure, secure communications and digital identity, edge computing and embedded AI, and satellite and space-based infrastructure. The Company has identified several opportunities for these next investments, currently at various stages of discussion and negotiation.
“With the Quantum Vertical Sovereign Stack, our objective is to build a scalable, sovereign quantum platform that can translate today’s capital deployment into tomorrow’s recurring revenue and strategic moat,” said Carlos Moreira, Chairman and CEO of SEALSQ. “GlobalFoundries provides a trusted, high-volume manufacturing base, while Quobly and EeroQ give us two complementary, CMOS-compatible paths to quantum processors on that same foundation. As we enter the second phase of deployment of our $200 million SEALQuantum initiative in September, our focus is on adding assets that are accretive to this Root-to-Qubit-to-Space architecture, deepen our control of critical layers in the stack, and position SEALSQ to capture the long-term economic value of the SEALQUANTUM.com ecosystem.”
One Stack, Many Partners: How the Quantum Vertical Sovereign Stack Connects the Ecosystem
SEALSQ's Stack is designed as a "Root-to-Qubit" architecture that links every layer of the quantum value chain, secure semiconductors, post-quantum cryptographic infrastructure, digital identity, embedded AI, and satellite and space-based infrastructure, into a single, interoperable framework. Rather than functioning on a standalone basis, portfolio companies and partners including EeroQ, Quobly, ColibriTD, IC'ALPS, WISeSat.Space, Wecan Group, Miraex and Quantix Edge Security are being progressively woven into this common Stack, each contributing a distinct technology layer that connects upward and downward to its neighbors.
At the foundation of the Stack sits SEALSQ's certified secure-semiconductor and PKI base, developed together with manufacturing and process partners such as GlobalFoundries (Nasdaq: GFS) ("GF"), under a strategic Memorandum of Understanding covering secure semiconductor platforms, post-quantum cryptography and CryoCMOS technologies for quantum computing. Above that foundation, emerging quantum-processor technologies, including Quobly's silicon spin-qubit architecture and EeroQ's electrons-on-helium (eHe) architecture, plug into the same trusted, CMOS-compatible manufacturing base, while ColibriTD's quantum-as-a-service layer and IC'ALPS' ASIC design capabilities translate that hardware into deployable products. WISeSat.Space and the planned Quantum Spatial Orbital Cloud (QSOC) then extend the same root of trust into orbit, and Wecan Group and Quantix Edge Security bring quantum-resilient identity, compliance and cybersecurity services to end customers. The result is intended to be a single, auditable chain of trust running from the semiconductor wafer to the satellite constellation.
Because both Quobly's silicon spin-qubit devices and EeroQ's electrons-on-helium devices are engineered for CMOS-compatible fabrication, the Quantum Vertical Sovereign Stack is designed to let both processor families draw on the same class of secure, high-volume semiconductor manufacturing and control-electronics capability that SEALSQ is developing together with GF, giving SEALSQ two complementary, industrially scalable paths to quantum hardware, wrapped in a common layer of certified secure semiconductors and post-quantum cryptography.
About SEALSQ:
SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable.
SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries.
For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com.
Forward-Looking Statements
This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.
SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
SEALSQ Corp.
Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000 [email protected] Investor Relations (US)
The Equity Group Inc.
Lena Cati
Tel: +1 212 836-9611 [email protected]
KuCoin Listing Sparks Sharp RallyRobinhood Chain memecoin $PIPEDOG surged as much as 18% after KuCoin announced it would list the token. The token later trimmed those gains but remained up roughly 9% on the day and has climbed about 16% over the past week. Its market cap currently stands at approximately $35 million. KuCoin opened deposits on August 6, with trading beginning at 12:00 UTC.
The listing marks a notable step for a token that has already had a turbulent journey. PIPEDOG debuted on Robinhood Chain in late July 2026, rocketing to a peak market cap of approximately $73.7 million within hours of launch. The project team subsequently locked the liquidity pool and refunded 173 ETH to users affected by an issue with the initial contract. The KuCoin listing now gives the token its first major centralised exchange presence, bringing it to a significantly wider audience.
Memecoins Dominate Robinhood's New BlockchainThe rally is the latest episode in a broader memecoin wave that has swept Robinhood's recently launched network. Robinhood launched the public mainnet for Robinhood Chain on July 1, 2026, bringing tokenized stock trading live in more than 120 countries. The chain is a permissionless, Ethereum-compatible Layer 2 blockchain built on Arbitrum's Orbit stack, designed to bring traditional markets, crypto, and real-world assets together on a single network.
The network quickly became one of crypto's busiest new chains, with around $312 million in total value locked and 3.6 million daily transactions. Despite Robinhood's pitch as a venue for tokenized real-world assets, those assets account for only about $12.8 million on the chain, while memecoins dominate activity and market value. Within weeks, memecoins were generating over 80% of all trading volume on the network, and a cat-themed token briefly became worth more than every tokenized stock on the chain combined.
$PIPEDOG sits among the more established names in that ecosystem. The project currently has deep liquidity, with the pool containing approximately $4.5 million in ETH at a market cap of around $30 million, though prices have moved since that figure was reported. The chain's longer-term future hinges on whether speculative memecoin traders ultimately convert into users of its tokenized equity and real-world asset offerings.
Sources:
CoinDesk: Robinhood built a blockchain for tokenized stocks. Memecoins took over.
Crypto Times: PIPEDOG Meme Coin on Robinhood Chain Surges Over 140X Within Hours of Launch
Robinhood Newsroom: Robinhood Chain Mainnet Launch
Zcash Foundation ve 2. čtvrtletí zvýšila čistá likvidní aktiva na přibližně 48,7 milionu USD z 36,69 milionu USD v 1. čtvrtletí. Zároveň vydala sedm aktualizací Zebra a opravila řadu bezpečnostních chyb.
Treasury Grows to $48.7 MillionThe Zcash Foundation's Q2 2026 report shows net liquid assets of approximately $48.7 million, a meaningful step up from the $36.69 million in liquid assets the Foundation reported at the end of Q1 2026. The Q2 figure includes 78,986 $ZEC valued at roughly $31.5 million, with the remainder held in cash, stablecoins, and other digital assets.
Monthly operating expenses averaged around $321,000 during the quarter, the bulk of it directed toward protocol development. That compares with Q1 operating expenses that averaged $272,539 per month, suggesting a modest uptick in spending as the engineering workload grew.
Seven Zebra Releases and a Tighter Security PostureThe engineering team shipped seven Zebra node releases across the quarter. Zebra is an independent Zcash node written in Rust that strengthens network resilience by validating transactions and maintaining blockchain state in a modular and decentralized manner. The releases addressed a mempool bypass vulnerability and several RPC denial-of-service bugs. One update also fixed memory allocation issues during block deserialization and additional RPC vulnerabilities.
A long-standing sync stall that had affected node operators was also resolved, cutting synchronization time down to 14 hours. The fix is a practical improvement for anyone running or setting up a Zebra instance.
On the cryptography side, the Foundation released FROST v3.0.0 during the quarter. FROST, which stands for Flexible Round-Optimized Schnorr Threshold Signatures, enables shielded transactions to be authorized by multiple participants without compromising unlinkability. Version 3.0.0 added automatic key zeroization, which ensures that signing key material is cleared from memory after use, a meaningful upgrade for operational security. Earlier work on FROST v3.0.0 had also introduced cheater detection enabled by default and stronger zeroization.
Taken together, the Q2 report paints a picture of a foundation in a stable financial position and actively hardening the protocol ahead of the planned NU7 network upgrade.
Sources:
Zcash Foundation Q2 2026 Report, Zcash Community Forum
Zcash Foundation Ends Q1 with $36.69M Treasury, The Crypto Times
Zcash Foundation Patches Critical Zebra Flaws, Bitcoin.com News
Applied Optoelectronics po zveřejnění čtvrtletních výsledků vyskočila o 13 %; tržby ve 2Q 2026 stouply na 191,9 mil. USD z 103 mil. USD a čistý zisk byl 5,5 mil. USD oproti ztrátě 8,8 mil. USD.
Optics and photonics stocks are shooting higher in Friday trading, led by Applied Optoelectronics (NASDAQ:AAOI) stock, which is up 13% to $140.72 following the company’s latest quarterly report. Coherent (NYSE:COHR | COHR Price Prediction) stock is also up 13% to $379.26, while Lumentum (NASDAQ:LITE) stock is gaining 8% to $908.11 as investors extend the rally across the optical communications industry.
The broader market is providing a favorable backdrop, with the NASDAQ 100 up 0.94% and the iShares Semiconductor ETF (NASDAQ:SOXX) up 2% to $543.89. A weaker-than-expected July jobs report has reduced expectations for another Federal Reserve interest-rate hike in September, giving growth-oriented technology stocks another reason for investors to remain constructive.
Applied Optoelectronics Gets A Fresh Catalyst Applied Optoelectronics stock is getting the strongest company-specific boost of the group after the optical networking specialist reported its second-quarter results. The quarterly print appears to have reinforced the bullish case around Applied Optoelectronics’ exposure to artificial intelligence data centers and the growing demand for high-speed optical transceivers.
Applied Optoelectronics reported second-quarter 2026 GAAP revenue of $191.9 million, versus $103 million in the 2025’s second quarter. The company also posted non-GAAP net income totaling $5.5 million, versus a non-GAAP net loss of $8.8 million in the year-earlier quarter, as demand for the company’s optical products continued to benefit from AI data-center investment. Applied Optoelectronics’ second-quarter results exceeded expectations and provided investors with another indication that demand for high-speed optical networking products remains strong.
Applied Optoelectronics has been building capacity to support demand for 800G and 1.6T products, with management previously pointing to a significant growth ramp as additional manufacturing capacity comes online. The company’s recent expansion of its Pearland, Texas, manufacturing footprint also gives Applied Optoelectronics more room to scale production as AI infrastructure investment continues.
Coherent And Lumentum Follow The Sector Higher Coherent stock is advancing 13% despite the lack of an obvious company-specific catalyst Friday. Coherent’s exposure to optical communications and other photonics applications gives the stock a natural connection to the same AI infrastructure spending trend that is helping lift Applied Optoelectronics.
Lumentum stock is similarly moving higher without a fresh company-specific announcement driving the gain. The combination of stronger semiconductor sentiment, lower expectations for near-term interest-rate hikes and Applied Optoelectronics’ earnings reaction appears to be encouraging investors to revisit the broader optical technology group.
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AI Demand Remains The Bigger Theme Applied Optoelectronics, Coherent and Lumentum shares all have exposure to the optical components and networking technologies needed to move increasingly large volumes of data through AI infrastructure. That makes the three stocks particularly sensitive to expectations for data-center spending, even though their individual businesses and financial profiles differ.
The broader semiconductor move also matters for the group. With the iShares Semiconductor ETF up 2%, the Friday advance isn’t limited to photonics stocks, although Applied Optoelectronics stock is showing considerably more strength than the broader semiconductor sector following its earnings report.
The Rally Still Comes With Risks The bullish case for Applied Optoelectronics stock rests on continued AI infrastructure spending, stronger demand for high-speed optical products and the company’s ability to translate new manufacturing capacity into sustained revenue growth. Coherent stock and Lumentum stock could also benefit if data-center operators continue increasing their investments in optical networking equipment.
However, investors shouldn’t assume that every photonics stock will benefit equally from the AI buildout. Applied Optoelectronics, Coherent and Lumentum still face execution, valuation and demand risks, while a broader economic slowdown could eventually pressure technology spending even if lower interest-rate expectations provide a near-term tailwind.
Investors can watch for whether Applied Optoelectronics can sustain the momentum signaled by its latest quarterly report and whether Coherent and Lumentum begin receiving company-specific catalysts of their own. Given the sharp moves already underway, investors choosing to participate in the photonics rally should consider keeping their position sizes moderate rather than chasing stocks after large single-day gains.
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