A weekly gain after the kind of selling silver took this month looks like real buying. It also arrived while the bond market was pricing tighter policy, the dollar was holding firm and crude was running near levels that keep the inflation story alive. That is not the backdrop where silver rallies tend to last. Silver also carries the industrial demand weight that gold does not, which makes a tighter Fed a problem from both sides of the trade.
Warsh Wants Price Stability and He Is Not Hiding It Warsh dropped easing language from the June statement, skipped the dot plot and told the ECB Forum that prices are too high. He has not said a single thing since taking the chair that suggests he is in a hurry to make life easier for silver bulls. Fed funds futures already reflect that with a 35.8% chance of a July hike and 79% cumulative odds of tightening by September. Those numbers were near zero two weeks ago.
Wednesday afternoon is where silver’s rally either survives or gets taken apart. If Warsh leans into the oil-driven inflation story, yields and the dollar respond and the sellers who stepped back last week come right back. If he holds without adding pressure, the buyers defending the recent lows keep their trade. The range breaks Wednesday one way or the other.
PCE and Wages Round Out the Week Thursday’s GDP and personal income data at 12:30 GMT land the morning after Warsh speaks and the PCE number inside that release either confirms or undercuts whatever the market takes from the press conference. A hot print after a hawkish Wednesday locks in the selling. A soft number pulls the rate conversation back and gives last week’s buyers room to stay.
Friday’s Employment Cost Index at 12:30 GMT closes the week. Wages running hot after a hawkish Fed and firm PCE keep the dollar bid through the weekend. Wages coming in soft give the bond market a late reason to ease up and help silver hold into the close.
Silver’s Industrial Side Makes the Rate Risk Worse Gold gets some cover from the geopolitical bid when the war heats up. Silver has that element but it also carries the industrial weight that gold does not. Higher borrowing costs slow manufacturing activity and weigh on the fabrication demand that accounts for a large share of physical silver consumption. A Fed that is tightening or signaling it will tighten hits silver from the investment side and the industrial side at the same time.
Quantum computing represents a fundamental shift from classical systems, which process data using binary bits that exist as zeros or ones in underlying codebases. Quantum machines use qubits, which possess a property called superposition -- allowing them to evaluate vast numbers of possibilities simultaneously.
This capability holds particular promise for artificial intelligence (AI), where quantum computers could deliver faster answers to complex optimization problems, enhance machine learning, and simulate molecular interactions, among many other uses. According to McKinsey & Company, quantum computing could add up to $2.7 trillion of value to the global economy by 2035, underscoring the scale of the opportunity as this technology matures from laboratory curiosity toward practical utility.
Image source: Getty Images.
What are the most popular quantum computing stocks? IonQ (IONQ -3.61%), Rigetti Computing (RGTI -4.71%), and D-Wave Quantum (QBTS -5.09%) are the primary publicly traded pure-play companies focused on quantum computing hardware and services.
IonQ employs trapped-ion qubits in its quantum systems, which aim to improve AI models and create better data for research purposes. Meanwhile, Rigetti uses superconducting qubits to build quantum computers that customers can leverage with existing AI-native tools. Both IonQ and Rigetti offer access to their platforms through cloud-based environments, seeking integrations with infrastructure providers like Microsoft Azure, Amazon Web Services, and Google Cloud. D-Wave has primarily focused on a niche technology called quantum annealing that is only useful for solving optimization problems and sampling problems. However, those types of problems include a host of real-world applications in areas like logistics, finance, and drug discovery.
Across these companies, technology remains heavily research-oriented. While commercial systems and cloud access are expanding, they are still years away from delivering enterprise-grade fault-tolerant machines capable of providing a measurable quantum advantage.
Analyzing the financial realities of quantum pure plays Though they are all generating some revenues and receiving support from government subsidies, each of these quantum pure plays continues to post substantial operating losses. All of them have relied on repeated equity raises to fund their research and development. The result has been ongoing shareholder dilution.
IONQ Revenue (TTM) data by YCharts.
The valuations of the quantum pure plays reflect extreme speculation rather than concrete fundamentals. IonQ has a price-to-sales (P/S) ratio around 58, while Rigetti and D-Wave both sport P/S multiples near 480. For cash-burning operations whose progress has yet to translate into profitability or self-funding growth, these valuation profiles are overextended, to say the least.
In my view, Nvidia (NVDA -1.01%) is the strongest candidate to consider buying for any investor seeking quantum computing exposure in their portfolio.
Nvidia supplies the classical infrastructure essential to building quantum machines through its CUDA-Q platform, which enables hybrid quantum-classical programming across GPUs, CPUs, and quantum processors. As quantum AI scales up, these systems will increasingly depend on Nvidia's ecosystem for next-generation algorithms that allow the strengths of classical and quantum computing to be efficiently combined.
Meanwhile, Nvidia's price-to-earnings (P/E) ratio of 32 is hovering around its lowest level in nearly seven years. This discount suggests that the potential upsides of quantum computing adoption and continued AI infrastructure expansion are not yet fully reflected in Nvidia's stock price.
NVDA PE Ratio data by YCharts.
This positions Nvidia stock as a compelling buy to capture the near-term momentum of data center build-outs, while offering leveraged exposure to longer-term advances of quantum computing over the coming decade.
Adam Spatacco has positions in Amazon, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Amazon, IonQ, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.
Marvell Technology: Steady Revenue ClimbingMarvell Technology (MRVL -7.25%) primarily earns revenue by developing data infrastructure semiconductor solutions and system-on-a-chip architectures for enterprise clients across the globe.
It was officially added to the S&P 500 index on June 22, 2026, and it reported a 52% gross margin for the quarter ended May 2, 2026.
UiPath: Examining Quarterly Revenue FluctuationsUiPath (PATH +6.37%) primarily earns revenue by delivering a software ecosystem focused on robotic process automation to organizations in various commercial and government settings.
While launching new artificial intelligence features for its Automation Suite on May 5, it recorded an 81% gross margin for the quarter ended April 30, 2026.
Why Revenue Matters for Retail InvestorsTracking revenue helps investors understand the total volume of money a business brings in before operating expenses or taxes are deducted. This metric reveals whether an organization is successfully attracting customers and growing its overall business volume over time.
A Closer Look at Quarterly Revenue for Marvell Technology and UiPathQuarter (Period End)Marvell Technology RevenueUiPath RevenueQ3 2024$1.3 billion (period ended Aug. 2024)$316.3 million (period ended July 2024)Q4 2024$1.5 billion (period ended Nov. 2024)$354.7 million (period ended Oct. 2024)Q1 2025 (Jan. 2025)$1.8 billion$423.6 millionQ2 2025$1.9 billion (period ended May 2025)$356.6 million (period ended April 2025)Q3 2025$2.0 billion (period ended Aug. 2025)$361.7 million (period ended July 2025)Q4 2025$2.1 billion (period ended Nov. 2025)$411.1 million (period ended Oct. 2025)Q1 2026 (Jan. 2026)$2.2 billion$481.1 millionQ2 2026$2.4 billion (period ended May 2026)$418.4 million (period ended April 2026)Data source: Company filings. Data as of July 24, 2026.
Foolish TakeBoth Marvell Technology and UiPath are seeing sales growth from the rapid expansion of the artificial intelligence sector. Looking at these two is a comparison between the former’s involvement in the high-growth semiconductor industry against the latter’s enterprise AI automation software.
While both are enjoying an increase in revenue year over year, Marvell is experiencing a more impressive accomplishment by delivering quarterly sales growth. The company expects this trend to continue in the next quarter with forecasted revenue of about $2.7 billion. This illustrates the unprecedented customer demand for Marvell’s products.
UiPath’s software solutions are capturing customers, as demonstrated by its 17% year-over-year increase to $418.4 million in its latest quarter. The company is also anticipating this revenue trend to extend into next quarter with sales in the range of $395 million to $400 million compared to $361.7 million in the previous year.
However, Marvell’s quarterly sales acceleration helped its stock price soar over 150% in the past 12 months through July 24. Meanwhile, Wall Street has not been impressed with UiPath’s progress as its share price fell more than 10% in that time.
Robert Izquierdo has positions in Marvell Technology and UiPath. The Motley Fool has positions in and recommends Marvell Technology and UiPath. The Motley Fool has a disclosure policy.
Aptos’ [APT] price action has been trending downward for the past 18 months. Last week alone, APT’s Total Value Locked (TVL) declined by about 43% as of writing, and the decline shows no signs of slowing.
Why is Aptos’ TVL crashing? According to DefiLlama, TVL has been falling over the past two months. In early June, it was around $280 million but lost over $100 million by the end of the month.
In the past week, Aptos’ TVL tumbled from $156 million to $100 million, equivalent to about a 43% drop. Excluding active loans, double counts, staking, and liquid staking, the TVL stands at $63 million.
Source: DefiLlama One key factor behind last week’s sharp plunge was Echo Protocol pulling a significant amount of liquidity. As a Bitcoin [BTC]-focused bridge on Move chains, including Aptos, Echo’s exit hit APT the hardest.
This drop was an indication of low user activity. It was backed by the low Daily Active Addresses of around 40.5K. Additionally, earnings have declined by 72% from $366K to $103K, as per DefiLlama.
Such a decline could cause traders to pull out staked APT, viewing it as less profitable and potentially affecting the chain’s security. Notably, the decline in RWA TVL on Aptos should not be overlooked as it dropped 70% in the past thirty days.
Source: rwa.xyz Together, these factors led to capital flight from Aptos.
Is APT’s price responsible for the TVL drop? Moreover, weak price performance played a part when measuring the TVL in terms of USD valuation. When the price of APT drops, the USD value of the TVL also drops.
At press time, APT was falling in a trend channel following a breakdown from a sideways range. This trend was reinforced by Open Interest (OI) crashing to around $42 million.
Source: APT/USDT on TradingView Notably, APT was trading above the mid-level of the channel, a potential sign that bulls may be gaining strength in bear territory.
Final Summary Aptos’s TVL crashed more than 43% in a week due to Echo Protocol pulling liquidity, RWA underperformance, low usage, and earnings. APT price was declining in a trend channel, with OI reinforcing that traders were not interested in the token.
Orders of $10.5 billion, including $7.1 billion of IET orders. RPO of $40.1 billion, including record IET RPO of $37.1 billion.Revenue of $6.7 billion.Attributable net income of $681 million.GAAP diluted EPS of $0.68 and adjusted diluted EPS* of $0.64.Adjusted EBITDA* of $1,231 million.Cash flows from operating activities of $1,345 million and free cash flow* of $1,109 million. HOUSTON and LONDON, July 26, 2026 (GLOBE NEWSWIRE) -- Baker Hughes Company (Nasdaq: BKR) ("Baker Hughes" or the "Company") announced results today for the second quarter of 2026.
"Baker Hughes delivered another strong quarter, reflecting the breadth of our portfolio and continued momentum across data center, gas infrastructure, and upstream markets. Disciplined execution and our ability to effectively navigate ongoing Middle East challenges contributed to Adjusted EBITDA exceeding the high end of our guidance range. Looking ahead, favorable underlying fundamentals support our confidence in achieving the midpoint of our full-year guidance as we continue to manage through the Middle East uncertainty."
"IET delivered another exceptional quarter of orders, with record bookings doubling year-over-year to $7.1 billion and backlog increasing 19% to a new all-time high. The strength was driven by robust demand across Power Systems and LNG, with particularly strong momentum in power generation. Given broadening customer demand, a growing pipeline across industrial and energy infrastructure markets, and our decision to further expand capacity, we are raising our full-year IET order guidance and increasing our Horizon 2(1) IET orders outlook to more than $45 billion."
"OFSE delivered an impressive quarter, with EBITDA exceeding the high end of our guidance range despite a complex operating environment. Increased activity and higher product shipments late in the quarter in the Middle East, along with solid performance in North America land and Latin America, drove the upside and demonstrated the resilience and durability of our portfolio despite higher inflationary costs."
"Our second-quarter performance further reinforces confidence in Baker Hughes’ strategic direction. Energy security and rising power demand are driving investment across both energy and industrial value chains, and our expanding portfolio is increasingly aligned with the most attractive growth opportunities across our core end markets."
"The successful closing of the Chart acquisition marks a major milestone in our evolution as a leading industrialized energy solutions company. Chart enhances our capabilities in thermal management, air and gas handling, compression and lifecycle services, while expanding our reach across attractive core and adjacent markets. The addition of Chart further advances our portfolio, broadens our growth opportunities, and enhances our ability to create long-term value for customers and shareholders. We are pleased to welcome Chart’s employees to Baker Hughes and look forward to their contributions as part of our team," concluded Simonelli.
(1) Horizon 2 represents 2026-2028.
* Non-GAAP measure. See reconciliations in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures."
Three Months Ended Variance(in millions except per share amounts)June 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearOrders$10,501$8,159$7,032 29%49%Revenue 6,742 6,587 6,910 2%(2%)Net income attributable to Baker Hughes 681 930 701 (27%)(3%)Adjusted net income attributable to Baker Hughes* 640 573 623 12%3%Adjusted EBITDA* 1,231 1,158 1,212 6%2%Diluted earnings per share (EPS) 0.68 0.93 0.71 (27%)(3%)Adjusted diluted EPS* 0.64 0.58 0.63 12%2%Cash flow from operating activities 1,345 500 510 FFFree cash flow* 1,109 210 239 FF * Non-GAAP measure. See reconciliations in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures."
Certain columns and rows in our tables and financial statements may not sum up due to the use of rounded numbers.
"F" is used in the above table when variance is above 100%. Additionally, "U" is used when variance is below (100)%.
Quarter Highlights
Executing our portfolio management strategy
Announced the sale of Waygate Technologies to Hexagon, in an all-cash transaction for approximately $1.45 billion, before customary closing adjustments.In July, completed the previously announced purchase of Chart Industries, Inc. (NYSE: GTLS) in an all-cash transaction. The acquisition enhances Baker Hughes' portfolio with highly complementary technologies and expands exposure to attractive industrial and energy markets, while increasing the Company's installed base and recurring aftermarket opportunities.
Key awards and technology achievements
Leveraging enterprise-wide capabilities
Advanced large-scale geothermal development in North America through a commercial agreement with Mantle Reach Power, a dedicated geothermal development company backed by EnCap Energy Transition Fund III. With the goal to install up to 500 megawatts of power in the next five years, the Company will act as an integrated subsurface solution provider, and Mantle Reach Power will lead project development, ownership and financing. Industrial & Energy Technology
Industrial & Energy Technology (“IET”) secured important awards and agreements across diverse end markets and capabilities.
Received a major Venture Global award to provide six liquefied natural gas (LNG) blocks, for a total of 12 liquefaction modules. Each block is based on two single mixed-refrigerant (SMR) liquefaction modules and related compression trains featuring Baker Hughes' advanced centrifugal compressor technology, as well as cold boxes, air coolers and integrated control systems, building on the successful track record of delivering critical energy infrastructure in Louisiana.Secured substantial awards from Cheniere and Bechtel that highlight Baker Hughes’ full-lifecycle LNG capabilities, including liquefaction equipment for Sabine Pass Train 7, as well as a boil-off gas re-liquefaction unit and fleet-wide gas turbine upgrades across the facility. The awards are expected to support approximately 6 MTPA of additional LNG production capacity.Strengthened its position in floating LNG through a significant award from Golar to supply four PGT25 gas turbine-driven refrigerant compressor trains for a 3.5 MTPA floating LNG facility, marking the fourth Golar vessel to utilize Baker Hughes' liquefaction solutions.Extended a significant, multi-year services agreement with Nigeria LNG to enhance the reliability and efficiency of the project's critical Train 7 turbomachinery equipment.Received a major award from Dynamis Power Solutions, including 76 NovaLT™16 gas turbines, for approximately 1.3 GW of capacity for its hypermobile power solutions for a wide range of data center and oil & gas applications in North America.Signed a multi-year strategic agreement with Kodiak Gas Services, including an initial major award supporting 1 GW of power generation capacity and a broader framework providing a pathway for up to 1.8 GW over time. The initial order leverages Baker Hughes' NovaLT™16, Frame 5 and BRUSH™ Power Generation generator technologies to meet accelerating power demand from data centers and energy infrastructure projects across North America.Awarded significant order to enable improved recovery, sustained production levels, and extension of field life in a mature offshore field in the Middle East. The scope includes nine electric motor-driven compressor trains for gas injection, gas lift, and boosting applications.Received a significant award from Saipem Nasser Saeed Al-Hajri Contracting Company (SNSH), a JV between Saipem and NSH in KSA, following a Novation Agreement with Aramco. The contract covers the supply of compression solutions for Aramco's Uthmaniyah conventional gas wells, supporting production optimization and enhanced recovery to extend the life of the field. The scope includes five electric motor-driven centrifugal compressor trains, together with associated balance-of-plant and auxiliary systems.Continued expanding IET’s presence into new markets, securing RINA certification for its fuel-flexible NovaLT™16 for maritime propulsion applications, specifically to operate on natural gas and up to 100% hydrogen to support maritime decarbonization.Grew digital solutions globally across a mix of software, hardware and services awards, leveraging the Company's Cordant™ Solutions portfolio to deploy asset performance software, analytics, and monitoring technologies through agreements with SINOPEC, Petrobras, and KNPC (formerly KIPIC) to enhance asset visibility and optimize operational performance. In addition, the Company secured a multi-year preferred supplier agreement with a global OEM to include vibration, sensing, condition monitoring, asset health software and services ─ supporting broader deployment across both new build and retrofit projects while driving greater standardization of asset protection and monitoring technologies.
Oilfield Services & Equipment
Oilfield Services & Equipment (“OFSE”) secured strategic orders and agreements across key product lines and geographies.
Expanded the Company’s Norwegian presence and relationship with Equinor, strengthening North Sea capabilities. The Company inaugurated a new subsea manufacturing facility in Dusavik and announced two significant contract extensions for integrated drilling and well services solutions, as well as wireline intervention services.Secured a major contract extension and expansion with Petrobras for integrated well construction solutions across Brazil’s Santos Basin. The agreement builds on a 2024 well construction services award, further expanding the scope and impact of Baker Hughes’ integrated drilling solutions in the region.Signed significant contracts for wireline services with Oil and Natural Gas Corporation of India, to provide up to 46 advanced wireline units and integrated drill stem testing kits that will help improve reservoir insight, optimize production and support more efficient field development in offshore and onshore oil & gas fields.Secured a key milestone award for Leucipa™, marking its first deployment outside of the oil & gas sector. By integrating Baker Hughes’ ESP technology with the Leucipa™ digital optimization platform, the solution will support a geothermal and lithium extraction development in Europe through real-time monitoring, operational insights and performance optimization.Signed a strategic collaboration agreement with Helmerich & Payne, Inc. to support geothermal exploration and development in the United States. The companies will provide customers earlier access to dedicated rig capacity, reducing execution risk and allowing greater efficiency to move from project evaluation to development.Received a substantial subsea production systems contract from Azule Energy to support ultra-deepwater, greenfield development offshore Angola. Baker Hughes will manufacture and supply horizontal tree systems to enable safe, reliable and efficient production.Won a significant contract from McDermott to deliver integrated subsea systems for a natural gas development project offshore Brunei Darussalam. The scope includes six trees, controls, services, and subsea wellheads.
Consolidated Financial Results
Revenue for the quarter was $6,742 million, an increase of $155 million, or 2% sequentially, and down $168 million, or 2% year-over-year. The decrease in revenue year-over-year was mainly driven by the impact of the Precision Sensors & Instrumentation (“PSI”) and Surface Pressure Control (“SPC”) dispositions.
The Company's total book-to-bill ratio in the second quarter of 2026 was 1.6; the IET book-to-bill ratio was 2.2.
Net income, as determined in accordance with generally accepted accounting principles in the United States ("GAAP") for the second quarter of 2026, was $681 million. Net income decreased $249 million, or 27% sequentially, and decreased $20 million, or 3% year-over-year.
Adjusted net income (a non-GAAP financial measure) for the second quarter of 2026 was $640 million, which excludes adjustments totaling $41 million. A list of the adjusting items and associated reconciliation from GAAP has been provided in Table 1b in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures." Adjusted net income for the second quarter of 2026 was up $67 million, or 12% sequentially, and up $17 million, or 3% year-over-year.
Depreciation and amortization for the second quarter of 2026 was $333 million.
Adjusted EBITDA (a non-GAAP financial measure) for the second quarter of 2026 was $1,231 million, which excludes adjustments totaling $60 million. See Table 1a in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures." Adjusted EBITDA for the second quarter was up $73 million, or 6% sequentially, and up $19 million, or 2% year-over-year.
The sequential increase in adjusted net income and Adjusted EBITDA was primarily driven by higher volume, price, productivity, FX, and cost-out initiatives, partially offset by inflation.
The year-over-year increase in adjusted net income and Adjusted EBITDA was primarily driven by productivity, price, cost-out initiatives, and FX, partially offset by inflation, lower volume, change in business mix, and the PSI and SPC dispositions.
Other Financial Items
Remaining Performance Obligations ("RPO") in the second quarter of 2026 ended at $40.1 billion, an increase of $4.0 billion from the first quarter of 2026. OFSE RPO was $3.0 billion, remained flat sequentially, while IET RPO was $37.1 billion, up $4.0 billion sequentially. Within IET RPO, Gas Technology Equipment and Gas Technology Services were $15.0 billion and $16.7 billion, respectively.
Income tax expense in the second quarter of 2026 was $210 million.
Other (income) expense, net in the second quarter of 2026 was $(104) million, primarily related to a net gain of $125 million from the change in fair value of equity securities, partially offset by transaction related costs of $30 million incurred in connection with business disposals and acquisitions, and $24 million working capital adjustments related to business dispositions.
GAAP diluted earnings per share was $0.68 for the second quarter of 2026. Adjusted diluted earnings per share (a non-GAAP financial measure) was $0.64. Excluded from adjusted diluted earnings per share were all items listed in Table 1b in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures."
Cash flow from operating activities was $1,345 million for the second quarter of 2026. Free cash flow (a non-GAAP financial measure) for the quarter was $1,109 million. A reconciliation from GAAP has been provided in Table 1c in the section titled "Reconciliation of GAAP to non-GAAP Financial Measures."
Capital expenditures, net of proceeds from disposal of assets, were $236 million for the second quarter of 2026, of which $135 million was for OFSE and $85 million was for IET.
Results by Reporting Segment
The following segment discussions and variance explanations are intended to reflect management's view of the relevant comparisons of financial results on a sequential or year-over-year basis, depending on the business dynamics of the reporting segments.
Oilfield Services & Equipment
(in millions)Three Months Ended VarianceSegment resultsJune 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearOrders$3,413 $3,272 $3,503 4%(3%)Revenue$3,451 $3,237 $3,617 7%(5%)EBITDA$605 $565 $677 7%(11%)EBITDA margin 17.5% 17.4% 18.7% 0.1pts-1.2pts (in millions)Three Months Ended VarianceRevenue by Product LineJune 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearWell Construction$899$843$921 7%(2%)Completions, Intervention, and Measurements 944 883 935 7%1%Production Solutions 930 898 968 4%(4%)Subsea & Surface Pressure Systems 678 613 793 11%(14%)Total Revenue$3,451$3,237$3,617 7%(5%) (in millions)Three Months Ended VarianceRevenue by Geographic RegionJune 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearNorth America$933$927$928 1%1%Latin America 732 600 639 22%15%Europe/CIS/Sub-Saharan Africa 568 558 653 2%(13%)Middle East/Asia 1,218 1,152 1,398 6%(13%)Total Revenue$3,451$3,237$3,617 7%(5%) North America$933$927$928 1%1%International$2,518$2,310$2,689 9%(6%) EBITDA excludes depreciation and amortization of $266 million, $278 million, and $233 million for the three months ended June 30, 2026, March 31, 2026, and June 30, 2025, respectively. EBITDA margin is defined as EBITDA divided by revenue.
"F" is used in the above table when variance is above 100%. Additionally, "U" is used when variance is below (100)%.
OFSE orders of $3,413 million for the second quarter of 2026 increased by $141 million, or 4% sequentially. Subsea and Surface Pressure Systems orders were $667 million, up $17 million, or 3% sequentially, and down $31 million, or 4% year-over-year.
OFSE revenue of $3,451 million for the second quarter of 2026 was up $214 million, or 7% sequentially, and down $166 million, or 5% year-over-year. The year-over-year decrease was driven mainly by the impact of the SPC disposition and disruptions in the Middle East, offset by the benefit of FX in Latin America.
North America revenue was $933 million, up $5 million, or 1% sequentially. International revenue was $2,518 million, up $208 million, or 9% sequentially, with an increase in Latin America, Middle East/Asia, and Europe/CIS/Sub-Saharan Africa.
Segment EBITDA for the second quarter of 2026 was $605 million, an increase of $40 million, or 7% sequentially. The sequential increase in EBITDA was a result of higher volume, price, cost-out initiatives, and FX, partially offset by inflation, productivity, and a change in business mix.
Industrial & Energy Technology
(in millions)Three Months Ended VarianceSegment resultsJune 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearOrders$7,088 $4,887 $3,530 45%FRevenue$3,291 $3,350 $3,293 (2%)—%EBITDA$678 $678 $585 —%16%EBITDA margin 20.6% 20.2% 17.8% 0.3pts2.8pts (in millions)Three Months Ended VarianceOrders by Product LineJune 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearGas Technology Equipment$4,913$1,824$781 FFGas Technology Services 1,314 973 986 35%33%Total Gas Technology 6,227 2,797 1,767 FFIndustrial Products 533 604 513 (12%)4%Industrial Solutions 274 229 327 20%(16%)Total Industrial Technology 807 833 839 (3%)(4%)Climate Technology Solutions 54 1,257 923 (96%)(94%)Total Orders$7,088$4,887$3,530 45%F (in millions)Three Months Ended VarianceRevenue by Product LineJune 30, 2026March 31, 2026June 30, 2025 SequentialYear-over-yearGas Technology Equipment$1,524$1,665$1,624 (9%)(6%)Gas Technology Services 831 791 752 5%11%Total Gas Technology 2,355 2,456 2,377 (4%)(1%)Industrial Products 549 491 488 12%13%Industrial Solutions 182 185 273 (2%)(33%)Total Industrial Technology 731 676 761 8%(4%)Climate Technology Solutions 205 218 156 (6%)31%Total Revenue$3,291$3,350$3,293 (2%)—% EBITDA excludes depreciation and amortization of $60 million, $69 million, and $56 million for the three months ended June 30, 2026, March 31, 2026, and June 30, 2025, respectively. EBITDA margin is defined as EBITDA divided by revenue.
"F" is used in the above table when variance is above 100%. Additionally, "U" is used when variance is below (100)%.
IET orders of $7,088 million for the second quarter of 2026 increased by $3,558 million, or 101% year-over-year. The increase was driven by continued strength in Gas Technology Equipment and Gas Technology Services.
IET revenue of $3,291 million for the second quarter of 2026 remained flat year-over-year, with decreases in Gas Technology Equipment and Industrial Solutions driven by the PSI disposition, offset by increases in all other product lines.
Segment EBITDA for the quarter was $678 million, an increase of $93 million, or 16% year-over-year. The year-over-year increase in segment EBITDA was driven by price, productivity, cost-out initiatives, and FX, partially offset by lower volume and inflation.
Reconciliation of GAAP to non-GAAP Financial Measures
Management provides non-GAAP financial measures because it believes such measures are widely accepted financial indicators used by investors and analysts to analyze and compare companies on the basis of operating performance (including adjusted EBITDA; adjusted net income attributable to Baker Hughes; and adjusted diluted earnings per share) and liquidity (free cash flow) and that these measures may be used by investors to make informed investment decisions. Management believes that the exclusion of certain identified items from several key operating performance measures enables us to evaluate our operations more effectively, to identify underlying trends in the business, and to establish operational goals for certain management compensation purposes. Management also believes that free cash flow is an important supplemental measure of our cash performance but should not be considered as a measure of residual cash flow available for discretionary purposes, or as an alternative to cash flow from operating activities presented in accordance with GAAP.
Table 1a. Reconciliation of Net Income Attributable to Baker Hughes to Adjusted EBITDA and Segment EBITDA
Three Months Ended(in millions)June 30, 2026March 31, 2026June 30, 2025Net income attributable to Baker Hughes (GAAP)$681 $930 $701 Net income attributable to noncontrolling interests 1 8 10 Provision for income taxes 210 336 256 Interest expense, net 66 86 54 Depreciation & amortization 333 354 293 Restructuring 11 37 — Inventory impairment — 2 — Gain (loss) on business dispositions(1) 24 (721) — Change in fair value of equity securities(1) (125) 50 (119)Transaction related costs(1) 30 28 — Other charges and credits(1) 48 17 Adjusted EBITDA (non-GAAP) 1,231 1,158 1,212 Corporate costs 82 74 78 Other (income) / expense not allocated to segments (30) 11 (28)Total Segment EBITDA (non-GAAP)$1,283 $1,243 $1,262 OFSE 605 565 677 IET 678 678 585 (1) The gain on business dispositions, change in fair value of equity securities, transaction related costs, and other charges and credits are reported in "Other (income) expense, net" on the condensed consolidated statements of income (loss).
Table 1a reconciles net income attributable to Baker Hughes, which is the most directly comparable financial result determined in accordance with GAAP, to adjusted EBITDA and Segment EBITDA. Adjusted EBITDA and Segment EBITDA exclude the impact of certain identified items.
Table 1b. Reconciliation of Net Income Attributable to Baker Hughes to Adjusted Net Income Attributable to Baker Hughes
Three Months Ended(in millions, except per share amounts)June 30, 2026March 31, 2026June 30, 2025Net income attributable to Baker Hughes (GAAP)$681 $930 $701 Restructuring 11 37 — Inventory impairment — 2 — (Gain) loss on business dispositions 24 (721) — Change in fair value of equity securities (125) 50 (119)Transaction related costs(1) 30 72 — Other adjustments — 48 17 Tax adjustments 19 155 24 Total adjustments, net of income tax (41) (357) (78)Less: adjustments attributable to noncontrolling interests — — — Adjustments attributable to Baker Hughes (41) (357) (78)Adjusted net income attributable to Baker Hughes (non-GAAP)$640 $573 $623 Denominator: Weighted-average shares of Class A common stock outstanding diluted 997 996 991 Earnings per share - diluted (GAAP)$0.68 $0.93 $0.71 Total adjustments per share, net of income tax (0.04) (0.35) (0.08)Adjusted earnings per share - diluted (non-GAAP)$0.64 $0.58 $0.63 (1) For the period ending March 31, 2026, transaction related costs included $43 million of interest expense fees related to the Bridge Facility.
Table 1b reconciles net income attributable to Baker Hughes, which is the most directly comparable financial result determined in accordance with GAAP, to adjusted net income attributable to Baker Hughes. Adjusted net income attributable to Baker Hughes excludes the impact of certain identified items.
Table 1c. Reconciliation of Net Cash Flows from Operating Activities to Free Cash Flow
Three Months Ended(in millions)June 30, 2026March 31, 2026June 30, 2025Net cash flows from operating activities (GAAP)$1,345 $500 $510 Add: cash used for capital expenditures, net of proceeds from disposal of assets (236) (290) (271)Free cash flow (non-GAAP)$1,109 $210 $239 Table 1c reconciles net cash flows from operating activities, which is the most directly comparable financial result determined in accordance with GAAP, to free cash flow. Free cash flow is defined as net cash flows from operating activities less expenditures for capital assets plus proceeds from disposal of assets.
Financial Tables (GAAP)
Condensed Consolidated Statements of Income
(Unaudited)
Three Months Ended June 30,Six Months Ended June 30,(In millions, except per share amounts) 2026 2025 2026 2025 Revenue$6,742 $6,910 $13,329 $13,337 Costs and expenses: Cost of revenue 5,165 5,295 10,246 10,247 Selling, general and administrative 569 567 1,131 1,144 Research and development costs 143 161 277 307 Restructuring 11 — 50 — Other (income) expense, net (104) (134) (691) 6 Interest expense, net 66 54 151 105 Income before income taxes 892 967 2,165 1,528 Provision for income taxes (210) (256) (545) (408)Net income 682 711 1,620 1,120 Less: Net income attributable to noncontrolling interests 1 10 9 17 Net income attributable to Baker Hughes Company$681 $701 $1,611 $1,103 Per share amounts: Basic income per Class A common stock$0.69 $0.71 $1.63 $1.11 Diluted income per Class A common stock$0.68 $0.71 $1.62 $1.11 Weighted average shares: Class A basic 992 988 991 990 Class A diluted 997 991 996 995 Cash dividend per Class A common stock$0.23 $0.23 $0.46 $0.46 Condensed Consolidated Statements of Financial Position
(Unaudited)
(In millions)June 30, 2026December 31, 2025ASSETSCurrent Assets: Cash and cash equivalents$15,727$3,715Current receivables, net 6,654 6,641Inventories, net 4,961 4,954All other current assets 3,241 3,518Total current assets 30,583 18,828Property, plant and equipment, less accumulated depreciation 5,540 5,326Goodwill 5,566 6,068Other intangible assets, net 3,997 4,097Contract and other deferred assets 1,947 1,620All other assets 4,987 4,942Total assets$52,620$40,881LIABILITIES AND EQUITYCurrent Liabilities: Accounts payable$4,509$4,579Short-term debt 774 689Progress collections and deferred income 6,598 5,904All other current liabilities 2,718 2,705Total current liabilities 14,599 13,877Long-term debt 15,479 5,398Liabilities for pensions and other postretirement benefits 959 1,066All other liabilities 1,499 1,530Equity 20,084 19,010Total liabilities and equity$52,620$40,881 Outstanding Baker Hughes Company shares: Class A common stock 992 987 Condensed Consolidated Statements of Cash Flows
(Unaudited)
Three Months Ended June 30,Six Months Ended June 30,(In millions) 2026 2026 2025 Cash flows from operating activities: Net income$682 $1,620 $1,120 Adjustments to reconcile net income to net cash flows from operating activities: Depreciation and amortization 333 687 579 Stock-based compensation cost 57 102 102 Change in fair value of equity securities (125) (75) 21 (Gain) loss on business dispositions 24 (697) — (Benefit) provision for deferred income taxes (166) 58 (17)Working capital 523 350 98 Other operating items, net 17 (200) (684)Net cash flows provided by operating activities 1,345 1,845 1,219 Cash flows from investing activities: Expenditures for capital assets (300) (636) (601)Proceeds from disposal of assets 64 110 74 Proceeds from business dispositions — 1,381 — Other investing items, net 72 19 (69)Net cash flows provided by (used in) investing activities (164) 874 (596)Cash flows from financing activities: Proceeds from issuance of long-term debt — 9,885 — Dividends paid (228) (456) (456)Repurchase of Class A common stock — — (384)Other financing items, net (8) (142) (105)Net cash flows provided by (used in) financing activities (236) 9,287 (945)Effect of currency exchange rate changes on cash and cash equivalents 18 6 45 (Decrease) increase in cash and cash equivalents 963 12,012 (277)Cash and cash equivalents, beginning of period 14,764 3,715 3,364 Cash and cash equivalents, end of period$15,727 $15,727 $3,087 Supplemental cash flows disclosures: Income taxes paid, net of refunds$193 $381 $418 Interest paid$181 $237 $148
Supplemental Financial Information
Supplemental financial information can be found on the Company's website at: investors.bakerhughes.com in the Financial Information section under Quarterly Results.
Conference Call and Webcast
The Company has scheduled an investor conference call to discuss management's outlook and the results reported in today's earnings announcement. The call will begin at 9:30 a.m. Eastern time, 8:30 a.m. Central time on Monday, July 27, 2026, the content of which is not part of this earnings release. The conference call will be broadcast live via a webcast and can be accessed by visiting the Events and Presentations page on the Company's website at: investors.bakerhughes.com. An archived version of the webcast will be available on the website for one month following the webcast.
Forward-Looking Statements
This news release (and oral statements made regarding the subjects of this release) may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, (each a "forward-looking statement"). Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words "may," "will," "should," "potential," "intend," "expect," "would," "seek," "anticipate," "estimate," "overestimate," "underestimate," "believe," "could," "project," "predict," "continue," "target," "goal" or other similar words or expressions. There are many risks and uncertainties that could cause actual results to differ materially from our forward-looking statements. These forward-looking statements are also affected by the risk factors described in the Company's annual report on Form 10-K for the annual period ended December 31, 2025 and those set forth from time to time in other filings with the Securities and Exchange Commission ("SEC"). The documents are available through the Company's website at: https://investors.bakerhughes.com or through the SEC's Electronic Data Gathering and Analysis Retrieval system at: www.sec.gov. We undertake no obligation to publicly update or revise any forward-looking statement, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.
Our expectations regarding our business outlook and business plans; the business plans of our customers; oil and natural gas market conditions; cost and availability of resources; economic, legal and regulatory conditions, and other matters are only our forecasts regarding these matters.
These forward-looking statements, including forecasts, may be substantially different from actual results, which are affected by many risks, along with the following risk factors and the timing of any of these risk factors:
Economic and political conditions - the impact of worldwide economic conditions; the impact of inflation and interest rates; the impact of tariffs, including the potential for significant increases in tariffs and changes in global trade policy that could affect supply chain costs, pricing, and customer demand; the effect that declines in credit availability may have on worldwide economic growth and demand for hydrocarbons; foreign currency exchange fluctuations and changes in the capital markets in locations where we operate; and the impact of government disruptions and sanctions.Orders and RPO - our ability to execute on orders and RPO in accordance with agreed specifications, terms and conditions and convert those orders and RPO to revenue and cash.Oil and gas market conditions - the level of petroleum industry exploration, development and production expenditures; the price of, volatility in pricing of, and the demand for crude oil and natural gas; drilling activity; drilling permits for and regulation of the shelf and the deepwater drilling; excess productive capacity; crude and product inventories; LNG supply and demand; seasonal and other adverse weather conditions that affect the demand for energy; severe weather conditions, such as tornadoes and hurricanes, that affect exploration and production activities; Organization of Petroleum Exporting Countries ("OPEC") policy and the adherence by OPEC nations to their OPEC production quotas.Terrorism and geopolitical risks - war, military action, terrorist activities or extended periods of international conflict, particularly involving any petroleum-producing or consuming regions, including Russia and Ukraine; and the recent conflict in the Middle East and the associated impact to the Strait of Hormuz; labor disruptions, civil unrest or security conditions where we operate; potentially burdensome taxation; expropriation of assets by governmental action; cybersecurity risks and cyber incidents or attacks; epidemic outbreaks.
About Baker Hughes:
Baker Hughes (Nasdaq: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward - making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
CompaniesJuly 26 (Reuters) - Baker Hughes (BKR.O), opens new tab surpassed Wall Street expectations for second-quarter profit on Sunday, as strength in its industrial and energy technology unit offset lower drilling activity caused by disruptions in the Middle East.
The U.S. oilfield services provider posted an adjusted profit of 64 cents per share for the quarter ended June 30, compared with analysts' expectations of 50 cents per share, according to data compiled by LSEG.
The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
Reporting by Vallari Srivastava and Devika Nair in Bengaluru; Editing by Devika Syamnath and Cynthia Osterman
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In AeroVironment To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in AeroVironment between 4:30 PM EST on June 24, 2025 and June 18, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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New York, New York--(Newsfile Corp. - July 26, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against AeroVironment, Inc. ("AeroVironment" or the "Company") (NASDAQ: AVAV) and reminds investors of the July 27, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) AeroVironment understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the SCAR program and the U.S. Space Force's ongoing efforts to modernize the SCN; (2) accordingly, Defendants overstated AeroVironment's business and financial prospects; and (3) as a result, Defendants' public statements were materially false and misleading at all relevant times.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding AeroVironment's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the AeroVironment class action, go to www.faruqilaw.com/AVAV or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Frequently Asked Questions (FAQ) for Investors Regarding the AeroVironment Securities Class Action Lawsuit:
What is the AeroVironment securities fraud lawsuit about?
The AeroVironment securities fraud lawsuit is a federal securities class action alleging that AeroVironment, Inc. (NASDAQ: AVAV) and its executives made false and misleading statements to investors by concealing that the Company faced imminent competition for its SCAR program contracts and overstating its business and financial prospects. As the truth emerged through a series of disclosures — including a U.S. government stop work order on January 20, 2026, a Space Force announcement that it was reopening the SCAR program on March 2, 2026, and AeroVironment's disclosure of a $151.3 million goodwill impairment and contract termination on March 10, 2026 — AVAV's stock price dropped sharply, causing significant losses for investors.
Who may be eligible to participate in the lawsuit?
Investors who purchased or acquired AeroVironment (AVAV) stock between 4:30 PM EST on June 24, 2025 and June 18, 2026 — the Class Period — and suffered financial losses may be eligible to participate in the AeroVironment securities class action. Participation as a class member does not require taking any affirmative legal action; eligible investors may recover losses simply by remaining members of the class. Whistleblowers, former AeroVironment employees, and others with relevant information about the Company's conduct are also encouraged to come forward.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff in the AeroVironment class action is a court-appointed investor — typically the one with the largest financial interest in the case — who directs and oversees the litigation on behalf of all class members. Any AeroVironment investor who purchased AVAV stock during the Class Period may move the Court to serve as lead plaintiff through counsel of their choice. The deadline to seek lead plaintiff appointment is July 27, 2026. Importantly, choosing not to seek the lead plaintiff role does not affect an investor's ability to share in any recovery obtained for the class.
What should investors do if they purchased AeroVironment stock during the Class Period?
Investors who purchased AeroVironment (AVAV) stock between 4:30 PM EST on June 24, 2025 and June 18, 2026 and suffered losses should contact Faruqi & Faruqi, LLP immediately to discuss their legal rights. The deadline to seek appointment as lead plaintiff in the AeroVironment securities class action is July 27, 2026. To speak directly with securities litigation partner Josh Wilson, call 877-247-4292 or 212-983-9330 (Ext. 1310), or visit www.faruqilaw.com/AVAV for more information.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased AeroVironment securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306458
Source: Faruqi & Faruqi LLP
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Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Calix To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in Calix between January 28, 2026 and April 21, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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New York, New York--(Newsfile Corp. - July 26, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Calix, Inc. ("Calix" or the "Company") (NYSE: CALX) and reminds investors of the July 27, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company's first quarter margins had significantly benefited from advanced purchasing of memory components; (2) that the Company's advanced supply of memory components was dwindling; (3) that, as a result, the Company was experiencing negative margin pressure as it was forced to purchase memory components at rising market prices; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's margins, business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On April 21, 2026, Calix reported results for the first quarter of 2026 earnings, including that "Non-GAAP gross margin was 57.2%, down 80 basis points sequentially." Further, the Company reported "gross margin guidance for the second quarter of 2026 is between 54.25% and 57.25%" and "[f]or the year, we expect our non-GAAP gross margin to decline between 50 and 150 basis points."
In the accompanying earnings call, the Company's CFO stated "advanced purchasing had allowed us to avoid higher memory component costs during the first quarter. However, that advanced supply has run its course, and we now face market prices."
On this news, Calix's stock price fell $6.93, or 13.98% to close at $42.65 per share on April 22, 2026, on unusually heavy trading volume.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Calix's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Calix class action, go to www.faruqilaw.com/CALX or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Follow us for updates on LinkedIn, on X, or on Facebook.
Frequently Asked Questions (FAQ) for Investors Regarding the Calix Securities Class Action Lawsuit:
What is the Calix securities fraud lawsuit about?
The Calix securities fraud lawsuit is a federal securities class action alleging that Calix, Inc. (NYSE: CALX) and its executives made false and misleading statements to investors by concealing that the Company's strong first quarter margins were artificially inflated by advanced purchasing of memory components, that its advanced supply of those components was dwindling, and that it would soon be forced to purchase memory components at rising market prices — creating significant negative margin pressure. As the truth emerged on April 21, 2026, when Calix reported Q1 2026 results and its CFO disclosed that "advanced supply has run its course" and the Company would "now face market prices," CALX's stock price fell $6.93 per share, or 13.98%, causing significant losses for investors.
Who may be eligible to participate in the Calix class action lawsuit?
Investors who purchased or acquired Calix (CALX) stock between January 28, 2026 and April 21, 2026 — the Class Period — and suffered financial losses may be eligible to participate in the Calix securities class action. Participation as a class member does not require taking any affirmative legal action; eligible investors may recover losses simply by remaining members of the class. Whistleblowers, former Calix employees, and others with relevant information about the Company's conduct are also encouraged to come forward.
What is a lead plaintiff, and how can I seek appointment in the Calix lawsuit?
A lead plaintiff in the Calix class action is a court-appointed investor — typically the one with the largest financial interest in the case — who directs and oversees the litigation on behalf of all class members. Any Calix investor who purchased CALX stock during the Class Period may move the Court to serve as lead plaintiff through counsel of their choice. The deadline to seek lead plaintiff appointment is July 27, 2026. Importantly, choosing not to seek the lead plaintiff role does not affect an investor's ability to share in any recovery obtained for the class.
What should investors do if they purchased Calix stock during the Class Period?
Investors who purchased Calix (CALX) stock between January 28, 2026 and April 21, 2026 and suffered losses should contact Faruqi & Faruqi, LLP immediately to discuss their legal rights. The deadline to seek appointment as lead plaintiff in the Calix securities class action is July 27, 2026. To speak directly with securities litigation partner Josh Wilson, call 877-247-4292 or 212-983-9330 (Ext. 1310), or visit www.faruqilaw.com/CALX for more information.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306463
Source: Faruqi & Faruqi LLP
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Planet Fitness To Contact Him Directly To Discuss Their Options
If you purchased or acquired securities in Planet Fitness between November 6, 2025, and May 6, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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New York, New York--(Newsfile Corp. - July 26, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Planet Fitness, Inc. (""Planet Fitness" or the "Company") (NYSE: PLNT) and reminds investors of the September 14, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose facts concerning the true state of Planet Fitness' customer acquisition and marketing metrics. Notably, the Company's updated marketing messaging was failing to resonate with, and was actively intimidating, its core target demographic of fitness beginners and casual gym-goers. As a result, Planet Fitness was experiencing a significant headwind in net member joins during its peak first-quarter sign-up period that rendered its previously issued fiscal 2026 guidance and long term financial targets unachievable.
On May 7, 2026, Planet Fitness announced its first quarter results for fiscal 2026, revealing that its critical peak sign-up period was off to a slower-than-expected start internally, slashing same-store growth guidance from 4-5% to only 1%, completely withdrawing its long-term three-year growth algorithm, and announcing a pause of the planned national rollout of the Black Card price increase. On this news, Planet Fitness's stock price fell $19.95, or 31.19%, to close at $44.01 per share on May 7, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Planet Fitness's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Frequently Asked Questions (FAQ) for Investors Regarding the Planet Fitness Securities Class Action Lawsuit:
What is the Planet Fitness securities fraud lawsuit about?
This securities class action lawsuit alleges that Planet Fitness, Inc. made materially false and misleading statements and/or concealed material adverse facts during the class period concerning the company's customer acquisition and marketing metrics. Specifically, the complaint alleges that Planet Fitness's updated marketing messaging was failing to resonate with - and was allegedly actively intimidating - its core target demographic of fitness beginners and casual gym-goers. As a result, the company allegedly experienced a significant headwind in net member joins during its critical peak first-quarter sign-up period, rendering its previously issued fiscal 2026 guidance and long-term financial targets unachievable. On May 7, 2026, Planet Fitness announced its first quarter fiscal 2026 results, at which time it slashed same-store growth guidance from 4-5% to only 1%, completely withdrew its long-term three-year growth algorithm, and announced a pause of the planned national rollout of its Black Card price increase. On that news, Planet Fitness's stock price fell $19.95 per share, or approximately 31.19%, to close at $44.01 per share on May 7, 2026.
Who may be eligible to participate in the lawsuit?
Investors who purchased or otherwise acquired Planet Fitness, Inc. common stock traded on the NASDAQ under the ticker symbol PLNT between November 6, 2025 and May 6, 2026, inclusive, may be eligible to participate in this lawsuit. Eligibility to participate in any potential recovery is not limited to investors who seek appointment as lead plaintiff; any class member who suffered losses during the class period may be entitled to share in any recovery that may be obtained. Investors are encouraged to review their trading records to determine whether their purchases fall within the applicable class period. Additional information about eligibility may be obtained by contacting Faruqi & Faruqi, LLP.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff is a court-appointed representative who serves on behalf of all class members and plays an active role in directing the litigation, including working with counsel on case strategy and settlement negotiations. The lead plaintiff is typically the class member who suffered the largest financial loss and who satisfies certain adequacy and typicality requirements under the Private Securities Litigation Reform Act of 1995. Investors who wish to seek appointment as lead plaintiff must file a motion with the court no later than September 14, 2026. Importantly, investors do not need to serve as lead plaintiff in order to participate in the lawsuit or share in any recovery that may be obtained - class membership alone may entitle eligible investors to a portion of any proceeds.
What should investors do if they purchased Planet Fitness stock during the Class Period?
Investors who purchased Planet Fitness, Inc. common stock on the NASDAQ (PLNT) during the class period from November 6, 2025 through May 6, 2026 are encouraged to review their brokerage and trading records to confirm the timing and details of their purchases. Investors should take steps to preserve all relevant documentation, including trade confirmations, account statements, and any communications related to their Planet Fitness holdings, as such records may be important to establishing their claims. Given that the lead plaintiff motion deadline is September 14, 2026, investors who wish to be considered for appointment as lead plaintiff should act promptly. Investors may wish to consult with Faruqi & Faruqi, LLP prior to that deadline to evaluate their legal options and understand their rights, even if they do not intend to seek the lead plaintiff role.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Planet Fitness securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306474
Source: Faruqi & Faruqi LLP
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26 July 2026 | 18:14 Crypto exchanges have built a parallel market around one of China's largest technology listings before the underlying shares have traded a single lot.
Key Takeaways CXMT perps settle in USDT and convey no shares, dividends or voting rights. Gate lists long and short positions from 1x to 10x. Direct STAR Market entry requires RMB500,000 (approx. $73,800) in assets and two years of experience. About $19m in CXMT perps traded before a roughly RMB66.6bn ($9.8bn) IPO. According to a Financial Times report, tradeXYZ and Gate launched perpetual futures tied to CXMT, China’s leading domestic DRAM manufacturer, ahead of its July 27 debut on the Shanghai Stock Exchange. Roughly $19 million of CXMT contracts changed hands in one 24-hour window.
Gate’s product announcement confirms the contract settles in USDT. It tracks changes in CXMT’s expected valuation, and none of the collateral posted to trade it ever reaches the company.
So the exchanges are not widening foreign access to China’s equity market. They are cloning its price action inside a separate, stablecoin-funded venue that needs no mainland brokerage account.
Why the Contract Floats Free of the Shares CXMT is scheduled to begin trading on Shanghai’s STAR Market under the code 688825. The company priced its shares at RMB8.66 (approx. $1.28). According to China’s official capital-market disclosure platform, the base offering could raise about RMB57.9 billion (approx. $8.5 billion) before expenses, rising to roughly RMB66.6 billion (approx. $9.8 billion) if the over-allotment option is fully exercised.
The listing is unusually observable: the issue price is public, the debut date is fixed, and Shanghai will soon post a share price anyone can check the contract against.
When-issued trading in traditional markets stays tethered to the equity because participants eventually deliver or receive shares. Here no practical route exists. Holders of the crypto contract cannot buy, borrow, short or deliver CXMT stock, and bridging the two venues would require both mainland securities access and an offshore crypto account in the same hands.
Without that link, the perpetual is not discovering CXMT’s price. It is recording what a self-contained pool of leveraged traders believes the price will be. The $19 million of early volume shows an active speculative market, and says little about the valuation Shanghai will set.
CXMT Pre-IPO Perps vs. Direct STAR Market Access Feature CXMT Crypto Perpetual Direct STAR Market (Shanghai) Settlement & Currency USDT (Crypto) RMB (Fiat) Leverage Up to 10x 1x (Spot) Investor Requirements Crypto exchange account & KYC RMB500,000 ($73,800) assets + 2 years experience Rights Acquired Price exposure only Legal equity ownership & dividends Price Anchor Reference index; no arbitrage path Order book with settlement How the Pre-IPO Contract Works A perpetual future is a derivative built to track a reference price without a fixed settlement date. The US Commodity Futures Trading Commission’s description of perpetual contracts explains that funding payments between longs and shorts keep the contract near the market it tracks.
Before CXMT trades publicly, no continuous cash price exists, so the perpetual reflects what traders expect the shares to be worth at the open. The estimate can fold in the issue price, IPO demand, comparable chipmakers and the outlook for China’s domestic memory industry. A trader anticipating a stronger listing goes long; one anticipating a weaker open takes the short side.
Profit turns on four things: entry price, exit price, accumulated funding, and whether the position survives an adverse swing before the expected move arrives. A listing that opens above its IPO price can still lose money on any of them.
Once the shares trade, the contract can switch to tracking the public market. The holder still owns a derivative position against the trading venue rather than an equity interest recorded through a securities custodian. That separates the product from a tokenised stock, which may be structured to represent ownership or a custodial claim over real shares.
If the listing is postponed or withdrawn, the contract has no price to converge on, and resolution falls entirely to the venue’s own terms. Traders should read those terms before committing collateral.
How the Contracts Sidestep Access Rules Foreign access to mainland equities stays controlled, though the official routes differ.
Northbound Stock Connect lets eligible investors trade selected Shanghai and Shenzhen shares through Hong Kong. Under Hong Kong Exchanges and Clearing’s current rules, purchases remain subject to daily net-buy quotas of RMB52 billion (approx. $7.7 billion) each for Shanghai and Shenzhen Connect.
The Qualified Foreign Institutional Investor framework is permissioned rather than quota-capped. China’s State Administration of Foreign Exchange removed QFII and RQFII investment quotas in 2020, though participants still need regulatory approval, custodians and compliant securities accounts.
Domestic retail investors face a different bar. The Shanghai Stock Exchange requires individual STAR Market participants to hold at least RMB500,000 (approx. $73,800) in eligible assets and to have two years of investment experience.
A stablecoin-settled perpetual sidesteps those requirements because no share purchase occurs: the trader posts collateral with a crypto platform and opens a contract linked to the stock. Gatekeepers still exist, but different ones: identity checks, regional blocks, sanctions screening, collateral rules and the laws of the trader’s home jurisdiction.
For mainland residents, technical access is not legal permission. China’s 2021 virtual-currency notice classifies cryptocurrency derivatives and services offered by overseas exchanges to mainland residents as illegal financial activity. An offshore venue may be harder for Chinese authorities to shut directly, though that offers no recognised exemption from domestic financial rules.
Shanghai’s Trading Rules Create a Specific Oracle Problem The index feeding the contract becomes critical the moment CXMT lists, and the STAR Market’s mechanics make it harder to build than one tracking an ordinary stock.
The exchange applies no daily price limit during a new listing’s first five trading days, moving to a 20% band afterwards. Debut day therefore has no ceiling, though circuit breakers still apply. Trading halts automatically when the price first moves 30% from the opening level, and again at 60%, with each suspension lasting ten minutes.
Those halts are the practical risk for a leveraged offshore contract. During a ten-minute suspension the underlying market produces no price at exactly the moment it is moving fastest. Whether the perpetual keeps trading through the blackout, how it treats the stale quote, and which fallback source it uses are all decisions the venue makes on its own.
Crypto derivatives also trade through evenings, weekends and Chinese exchange holidays, when the share price cannot absorb news while the perpetual keeps moving. The mismatch can force abrupt resets when Shanghai reopens, and an accurate directional call can be stopped out on that gap before the official market reflects it.
At 10x leverage, an adverse move of about 10% can erase the initial margin before maintenance requirements, fees and funding costs are counted. A thin index reaches that threshold faster than the underlying stock would.
Holding the Position Has a Running Cost Perpetual contracts avoid fixed settlement dates, but holding one can turn expensive. Funding payments shift between longs and shorts to hold the contract near the index, so when long demand dominates and funding runs positive, longs pay shorts at each interval.
That matters around a hyped listing. If most traders anticipate CXMT climbing, staying long can cost more even before the shares open. A trader can be right on direction and still bleed capital as funding accrues and steadily offsets an unrealised gain. This is a different failure from a leverage-driven liquidation: the call is correct and the position stays open, but the running cost eats the return.
Skipping expiry removes the roll into a later contract, and replaces it with a charge that accrues for as long as the position stays open.
Equity Perps Are Drawing Regulatory Attention Securities and derivatives law still applies to these products. What changes on crypto rails is who can enforce it, and how.
In February 2026, the European Securities and Markets Authority warned that products marketed as perpetual futures may fall under existing rules for contracts for difference. Where that classification applies, providers face leverage caps, margin close-out rules, mandatory risk warnings and a duty to assess client suitability.
Those obligations bind authorised firms. An offshore venue settling in stablecoins falls outside that perimeter, and no European regulator can compel it to change a contract specification. Their leverage runs through the routes into the product instead: warning lists, payment-processor pressure, app-store removals, advertising restrictions and conditions on any licensed entity the same group operates locally.
China’s position is similar in structure. The CSRC’s domestic derivatives framework, due to take effect in November 2026, adds licensing, real-name accounts, investor-suitability tests and stronger risk controls, all of which govern the onshore market. Mainland authorities can pursue residents who trade offshore and the intermediaries that serve them, though they cannot compel a foreign platform to delist a ticker.
As volume grows, it becomes harder to argue that equity-linked perpetuals are pure crypto instruments with no connection to regulated securities markets. That argument, rather than any single enforcement action, is what these venues depend on.
The Real Test Comes After CXMT Lists The first signal is convergence: whether the contract tracks CXMT’s public share price once Shanghai trading opens on July 27. A functioning market should let traders enter and exit without severe slippage while the index keeps the perpetual close to the stock during Shanghai hours. A persistent gap would show the contract trading its own assumptions rather than the equity.
Funding is the second signal. A contract that tracks the share price but grows prohibitively expensive to hold would offer little as a longer-term access tool.
Post-IPO volume will tell more than the pre-listing burst. Some traders only want to bet the opening valuation and would leave once ordinary market data arrives; sustained participation would point to real demand for synthetic exposure to equities that stay hard to reach through traditional brokerage accounts. A fast decline would mark CXMT as a short-lived pre-market event.
The listing leaves Chinese share ownership exactly where it was. What it exports is the price movement, tradable outside the market where ownership is legally recorded. That buys investors a bet, not a stake in the company. In exchange for fewer account barriers, they take on leverage, funding costs, platform risk and dependence on an index bridging two markets with different hours and rulebooks.
Disclaimer: This article is for informational and analytical purposes only and does not constitute financial, investment or legal advice. Perpetual futures are complex leveraged instruments and may result in the rapid or total loss of deposited collateral. Methodology: The launch of the CXMT contracts, tradeXYZ’s involvement and the $19 million volume figure are reported by the Financial Times and were not independently verified by Coindoo. Contract specifications were checked against Gate’s own product announcement. Offering size and pricing come from CXMT’s statutory disclosures. Trading rules, quotas and regulatory positions were checked against primary material from the Shanghai Stock Exchange, HKEX, SAFE, the People’s Bank of China, ESMA, the CFTC and the CSRC. Sources reviewed on July 26, 2026. Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Bitget received two industry awards during its first appearance at Wiki Finance Expo Hong Kong 2026. The recognition comes as the exchange expands its CFD and multi-asset trading ecosystem beyond conventional crypto markets. For Bitget, the awards support a wider message: the next exchange model will connect digital assets, stocks, commodities, forex and indices inside one capital environment.
In brief Bitget received two industry awards at Wiki Finance Expo Hong Kong 2026. The recognition follows its expansion across CFDs and multi-asset trading. Bitget is using the awards to reinforce its Universal Exchange strategy. Bitget gains recognition as its CFD business expands Bitget received the Outstanding All-Asset Innovation Platform – Global award and the Leading Innovative Trading Platform – Asia award. The honors arrive shortly after the exchange moved deeper into TradFi perpetual trading, where it processed nearly $70 billion in volume during the second quarter of 2026.
The award names go beyond CFDs alone. They recognize Bitget’s broader development as a multi-asset platform. Still, the timing closely reflects the exchange’s rapid CFD expansion across commodities, forex, indices and other traditional market-linked products.
Bitget is using this momentum to strengthen its Universal Exchange, or UEX, strategy. Rather than keeping crypto and traditional financial products in separate systems, the model aims to bring them into one trading experience. Lewis Huang, Bitget’s CFD Chief Analyst, used the event to focus on a familiar difficulty. Traders may follow bitcoin, gold, currencies and global equities at the same time, yet often need separate apps, accounts and capital pools to act across those markets.
That fragmentation creates delays. A trader may identify an opportunity in forex but still need to move funds from a crypto platform to another service. Each transfer adds steps, costs and operational risk. Bitget argues that one shared trading environment can reduce those obstacles. The exchange wants users to respond to movements across several asset classes without repeatedly moving capital through disconnected platforms.
This approach also increases the need for education. Crypto-native users may understand blockchain markets but remain unfamiliar with central-bank decisions, commodity pricing or CFD financing costs. Bitget’s TradFi 101 program addresses that knowledge gap as the product range expands.
The awards support a broader UEX narrative Bitget’s participation included more than receiving awards. Lewis Huang delivered a keynote titled “One Account, Global Investment: The Cross-Asset Trading Revolution in the UEX Era.” He also joined a panel on institutional liquidity and the evolution of crypto markets. The discussion focused on how liquidity, product design and market infrastructure are changing as blockchain-based trading moves closer to traditional finance.
This convergence has become central to Bitget’s recent product strategy. The exchange has added tokenized equities, CFD products, stock options, pre-IPO exposure and perpetual contracts linked to traditional assets.
The logic is straightforward. Web3 offers continuous markets, programmable infrastructure and digital settlement. Traditional finance brings deeper liquidity, mature instruments and decades of market structure. Bitget wants its platform to sit where those two systems meet.
Recognition does not remove the risks of multi-asset trading Awards can strengthen Bitget’s industry profile, but they do not guarantee product quality or trading outcomes. CFDs remain complex instruments. They can involve leverage, financing charges and rapid losses when markets move sharply.
A unified account can improve capital flexibility, but it can also concentrate risk. A trader exposed to bitcoin, gold and forex from one capital base may face several correlated losses during a global market shock. Bitget will therefore be judged on more than the number of products it offers. Liquidity, pricing, execution, risk controls and clear product information will decide whether the UEX model works under pressure.
The Hong Kong context also requires clarity. Bitget stated that its attendance was limited to industry participation and receiving the awards. Hong Kong remains a prohibited jurisdiction under its terms, so the event should not be interpreted as a local offer or solicitation.
Even with that limitation, the two honors reinforce Bitget’s current direction. The exchange is building an identity around cross-asset trading rather than crypto alone. Its recent quanto perpetual launch shows how far that strategy has moved from branding into actual market structure.
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Evans S.
Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Israeli Prime Minister: This visit to the US aims to understand the US President’s views on the Iran issue.
Israeli Prime Minister Benjamin Netanyahu said in an interview that the conflict between Israel and Iran will only end when Iran’s current regime is overthrown or so weakened that it is forced to abandon its nuclear program. He emphasized that Iran’s nuclear program must be terminated "regardless of whether an agreement is reached". When discussing the planned meeting with U.S. President Donald Trump, Netanyahu noted that the meeting will not focus on delivering new intelligence, as the military and intelligence agencies of the U.S. and Israel are already in close cooperation. He stated that the purpose of the trip is to discuss with Trump and understand his thinking, adding that the development of the situation largely depends on Trump’s final decision. In addition, Netanyahu also commented on the U.S.-Saudi nuclear deal. He expressed agreement with Trump’s stance that "Saudi Arabia can only access a civilian nuclear deal", and stressed that both Israel and the U.S. will never allow Saudi Arabia to possess a military nuclear program. Netanyahu also said he will "definitely" attend the United Nations General Assembly to be held in New York in September. (CCTV News)
6 hours ago
Lido Responds to stETH Yield Calculation Anomaly: Issue Fixed, Oracle Upgraded, User Funds Unaffected.
Ethereum staking protocol Lido stated on X that today’s stETH rebase has been completed as expected, with ETH rewards omitted yesterday due to calculation gaps now fully restored. The corresponding annual percentage rate (APR) stands at approximately 2.29%. The protocol’s oracle has also been updated and audited; the new version will boost report processing speed and enable faster root cause identification for similar future issues. Regarding yesterday’s reward calculation anomaly, Lido said contributors are still conducting root cause analysis, with additional investigation details to be shared on its official forum and social media channels. User funds were never at risk throughout the entire incident. The initial assessment points to a special edge case as the likely cause: a validator in pending deposit status was omitted from yesterday’s reward report, resulting in some staking rewards not being included in calculations. Lido noted that a full incident post-mortem report will be released in the coming days to further detail the root cause, remediation measures, and subsequent improvement plans.
6 hours ago
On Robinhood Chain, on-chain speculation remains active, with multiple tokens hitting new market cap highs today.
According to GMGN market data, hype on Robinhood Chain remains active, with multiple tokens hitting new all-time highs (ATH) in market capitalization today. Among them: PONS, the largest token issuance platform on Robinhood Chain by market cap, briefly exceeded $56 million, and is now trading at $52.47 million, marking a new ATH with a 24-hour gain of 31.88%. BRODIE, a meme token in the PONS ecosystem, broke through $6 million in market cap, also hitting a new ATH, with a 24-hour surge of 151.7%. STONKBROKER, an RWA + meme project token, surpassed $15 million in market cap, also hitting a new ATH, with a 24-hour increase of 29.61%. BlockBeats reminds users that related tokens are highly volatile, so investors should exercise caution.
6 hours ago
Founder of Mango Labs: Has gone long on Changxin Technology, calling it a rare 1:5 leverage trading opportunity.
Mango Labs founder @dov_wo shared his market views, noting he has gone long on Changxin Technology, calling it a rare 1:5 risk-reward opportunity with a 20% downside and 100% upside, a 5-to-1 payout. @dov_wo outlined his bullish thesis as follows: low float ratio, regulatory tailwinds, and institutional optimism for its investment opportunity at a market cap below $3 trillion. He advised on the strategy: if Changxin gaps up tomorrow, close the position to lock in profits directly; if it gaps down then rallies, wait patiently and wrap up the trade within 3 days.
6 hours ago
Jiang Zhuoer: Changxin Memory will likely hit its all-time high on its first day of trading, and recommended pairing it with hedging operations on Hyperliquid.
Jiang Zhuoer, founder of BTC.TOP (B.TOP), posted that Changxin Memory will likely open higher, surge then pull back, hitting its all-time high on the first trading day. The ideal play is to buy at the A-share opening, sell during the midday H-share-driven rally, then sell on A-share and buy back on H-share the next day to square positions. Without H-share exposure, investors will be trapped by the T+1 trading rule, possibly holding the stock for a lifetime just like PetroChina.
6 hours ago
OpenAI's CEO will travel to Washington in person to push for expedited approval of its new AI model, possibly GPT-6.
OpenAI CEO Sam Altman will visit Washington next week to showcase the company’s most powerful AI model to the White House and push for its rapid approval. The model previously infiltrated Hugging Face. Reports note the new model has long-term planning capabilities, can independently complete original scientific research, and supports agent groups to collaborate on complex tasks including legal and financial matters. Though the report does not specify whether the new model is GPT-6, analyst Chubby believes Altman’s trip is to prepare for the launch of GPT-6. (Axios)
WEMIX is back in uncomfortable territory. The South Korean blockchain gaming platform is investigating a potential security breach involving the ownership of its WEMIX$ stablecoin contract, raising fresh questions about the security posture of an ecosystem that was already working to rebuild trust after a damaging incident earlier this year.
The investigation was disclosed on July 26, 2026. No confirmed details about the scope or impact of the breach have emerged yet.
What is WEMIX$ and why does it matter WEMIX$ is a stablecoin that runs on the WEMIX3.0 mainnet, fully collateralized by USDC. It keeps transactions stable and predictable for players and protocol users who don’t want exposure to the volatility of WEMIX itself.
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Wemade had already announced plans to transition away from WEMIX$ on WEMIX PLAY toward USDC.e, suggesting the stablecoin was already on a sunset track.
A platform still recovering from its last breach In February 2025, attackers drained approximately 8.65 million WEMIX tokens from the Play Bridge Vault, a haul worth roughly $6.1 to $6.2 million at the time. The breach was traced back to compromised authentication keys connected to the NILE NFT monitoring system.
WEMIX CEO Kim Seok-hwan had to publicly address allegations that the company attempted to downplay or cover up the incident.
The February 2025 hack was attributed to compromised authentication keys, not a smart contract vulnerability. If the current WEMIX$ incident turns out to involve contract ownership, that represents a different attack surface entirely.
Recent momentum, suddenly complicated On July 1, WEMIX completed its second halving event. On July 8, WEMIX was listed for spot trading on Kraken. Around the same time, the platform announced integration of Chainlink’s Cross-Chain Interoperability Protocol, or CCIP, designed to improve token transfers across different blockchains.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Just a few weeks ago, CoreWeave (CRWV -11.58%) looked unstoppable.
The neocloud provider had become one of Wall Street's hottest stocks, riding the wave of excitement generated by artificial intelligence. Investors were captivated by its explosive revenue growth, massive backlog of customer contracts, and strategic partnerships with some of the biggest names in AI.
Then, almost as quickly as it climbed, the stock tumbled. As of mid-afternoon Friday, CoreWeave had lost 30% of its market capitalization in just one month, leaving many investors wondering whether something has gone seriously wrong.
The answer is both yes and no.
Image source: Getty Images.
Investors are starting to ask tougher questions For much of the past year, investors focused on one question: Can CoreWeave grow fast enough?
The answer appeared to be yes. The company signed enormous contracts with clients, expanded aggressively, and established itself as one of the leading independent providers of AI cloud computing infrastructure. In the first quarter of 2026, revenue more than doubled year over year to $2.1 billion, while revenue backlog almost tripled to about $100 billion.
Yet despite the impressive performance, Wall Street is asking a very different question today: Can CoreWeave become a highly profitable business despite spending tens of billions of dollars on its infrastructure?
That distinction may sound subtle, but it changes everything. Growing quickly is impressive. Growing profitably in one of the most capital-intensive industries on Earth is much harder. Under generally accepted accounting principles (GAAP), CoreWeave remained loss-making in Q1 despite its massive contract wins. The only silver lining in the quarterly report it delivered on May 7 was that its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) and adjusted operating income came in positive.
In short, investors are focused on whether CoreWeave will report GAAP profits in the near future.
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Meta may have changed the competitive landscape One of the biggest catalysts behind the stock's recent sell-off was a report that Meta Platforms is exploring leasing out some of its artificial intelligence computing infrastructure to external customers.
At first glance, that might not sound like bad news. After all, demand for AI computing capacity continues to surge.
But investors immediately see a much bigger implication over the long run. Meta isn't just one of the world's largest AI companies. It could also become one of the world's largest suppliers of AI computing capacity.
That shines a spotlight on an uncomfortable scenario. The largest customers of neoclouds like CoreWeave today could become its biggest competitors tomorrow. Whether Meta ultimately succeeds isn't the point.
In short, the market now views it as more probable that the AI infrastructure space will become more competitive over time, which would reduce the pricing power of independent compute providers like CoreWeave.
Expectations were probably too high to start with Sometimes, a stock falls not because the business deteriorates, but because the expectations baked into its price become impossible for the company to satisfy. That appears to be part of CoreWeave's recent share price decline.
To put it into perspective, the stock now trades at a price-to-sales (P/S) ratio of 5.9 -- and that's after the stock price collapsed from its 52-week high of $153 to around $74 as of mid-afternoon Friday. Amazon, despite owning the largest cloud computing business globally, trades at a P/S ratio of 3.4.
In other words, investors weren't just valuing CoreWeave like a fast-growing cloud provider. They were valuing it as one of the defining winners of the AI revolution.
When expectations reach those levels, almost any uncertainty -- such as a potential new competitor or concerns over long-term profitability -- can trigger a sharp correction.
None of these developments, individually, fundamentally changes CoreWeave's business. Together, however, they have created enough uncertainty to drive investors to reassess how much they're willing to pay for the stock.
What does it mean for investors? When a stock falls by more than 50% from its 52-week high, it naturally raises concerns among shareholders.
But let's put things into perspective. If you expected CoreWeave's stock to rise continuously in a straight line, that's likely unrealistic. Long-term investors should focus on a different question: Has the long-term investment thesis changed?
So far, the answer appears to be no. AI infrastructure demand continues to grow. CoreWeave remains deeply integrated with leading AI developers, and the company still has a substantial runway for expansion if management executes well.
What has changed is the need for a margin for error. Investors are no longer rewarding growth at any cost. What they want now is proof that CoreWeave can transform extraordinary demand for its services into a durable, profitable business.
The company's ability to provide that proof may ultimately determine where the stock goes over the next few years.
The crypto market has stabilized this weekend as crude oil prices continue to fall in perpetual futures markets following the pause in US-Iran attacks. This week could bring heightened volatility across the crypto industry.
Bitcoin in the Spotlight as Focus Remains on ETF Inflows and Strategy ActionsBitcoin has held steady above the crucial support of $64,000 in the past few days. This performance will come to the test on Monday as Michael Saylor’s Strategy unveils its recent corporate actions.
The company has now gone for three weeks without selling its Bitcoin holdings and now holds 843,775 coins worth about $54 billion. Instead, the management has opted to raise capital by selling shares.
Strategy will reveal its actions on Monday. If it reports that it sold Bitcoin, the coin may go under pressure and possibly reverse some of the recent gains.
Bitcoin price will also react to the actions in the ETF market. Recent data shows that spot Bitcoin ETFs shed assets in the last two consecutive days. Before that, these funds added assets in the last eight days. In total, these funds have had net inflows of $233 million after losing $7 billion in May and June, combined.
WorldCoin in Focus After Raising $52.5 MillionWorldCoin’s price has plunged by over 50% from its peak amid concerns that OpenAI may delay its IPO. The two companies were both founded by Sam Altman, who now heads OpenAI, currently the second most valuable AI startup in the world after Anthropic.
WLD price will be in the spotlight after World Foundation raised $52.5 million from prominent companies like Pantera Capital, Susquehanna Crypto, Eightco, and Selini Capital.
Pi Network in Focus After Major UpgradesPi Network token has been in a freefall since its mainnet launch in February last year, and is now hovering near its all-time low. The token will be in focus after the developers completed the distribution of its second testnet token, SLICE.
Pi Network’s launchpad is a feature that will make it possible for developers to launch utility tokens on the network. It will have liquidity pools and other features.
At the same time, the developers are working on the PiDEX platform that will make it possible for people to trade these tokens. This capability will be made possible by the recent network upgrades that have introduced smart contracts to the network. Pi Network will also unlock millions of tokens this week.
Image: Shutterstock
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As Apple prepares to launch its first smart glasses, the company is also wrestling with how to address consumer privacy concerns, according to Bloomberg’s Mark Gurman.
Gurman reports that Apple has pushed back the launch target from early 2027, with the glasses now set for unveiling at the Worldwide Developers Conference in June 2027 and actually becoming available by the end of the year. That delay allows Apple to work on the product itself, and on the messaging around privacy.
It sounds like the company has noticed the concerns around Meta’s smart glasses — sometimes decried as “pervert glasses” — being used to make non-consensual video recordings. That could be a bigger issue for Apple, which constantly emphasizes privacy in its marketing.
Among other things, Apple will reportedly try to emphasize privacy-friendly features like on-device processing, as well as the absence of facial recognition. The company will likely steer clear of using customer recordings to train AI models, and it’s unlikely to follow Meta’s reported practice of using contractors to review customer footage.
Tesla (TSLA -2.14%) plunged by 14% after releasing its second-quarter earnings, but that dip may just be the beginning. The company has physical artificial intelligence (AI) products in the pipeline, with Optimus robots being a future catalyst, but Tesla still relies heavily on automobile sales and has the profit margins of an automaker.
Image source: Getty Images.
Rising capital expenditures without rising profits Elon Musk told investors to expect a "massive capex year" in 2026, while Tesla CFO Vaibhav Taneja anticipates capital expenditures (capex) growing for "the next two or three years."
It's the cost of doing business as tech companies scramble to throw capital at AI opportunities, but Tesla hasn't boosted profits for all of that spend. Alphabet (GOOG +0.21%) (GOOGL +0.58%) reported higher operating income, even with higher AI expenditures, and that has been a common pattern among the largest tech companies.
Tesla's operating income dropped by 57% year over year, and the company had only a 1.4% operating margin. Electric vehicles still make up a large portion of total revenue, more than 70%. Automobiles are a low-margin business, and Tesla's rising capital expenditures guarantee that its margins will be under more pressure for multiple years.
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Assessing the valuation Tesla trades at almost a 300 price-to-earnings (P/E) ratio, even after the recent dip. If you treat it like a pure-play automobile stock, that valuation needs to drop a lot before Tesla reaches fair value.
Bulls have rightly argued that it's not just an automobile stock. The high capital expenditures are going toward Robotaxis and Optimus robots. These are moonshot opportunities that can help justify the current valuation, but for now, they have zero impact on Tesla's business.
A quote from Elon Musk perfectly sums up the opportunities and risks associated with Tesla stock: "I'm confident that all the things that we're investing in will yield incredible returns," Musk said during the call.
Investors are holding on to shares because they believe robotaxis and robots will fuel the next megacycle. However, there are several questions that the current valuation does not account for.
How long will it take for these opportunities to become commercialized? Will Tesla get a large market share with these innovations or gradually lose ground, as has been the case for its electric vehicles? Will demand be strong enough to justify Tesla's current market cap?
These questions show plenty of uncertainty and business execution risk. Elon Musk previously predicted its Robotaxis would be available to half the U.S. population by the end of 2025, which did not materialize. These initiatives may eventually pan out. However, "eventually" isn't a justification for a nearly 300 P/E ratio when most of the money coming in is from electric vehicles and margins are tightening.
Tesla stock needs a deeper dip before it will justify purchasing shares.
Berkshire Hathaway (BRKA +0.71%)(BRKB +0.83%) owns dozens of businesses in its $350 billion public equities portfolio. Not just any company can get in, of course. It must meet strict quality and valuation criteria before being considered.
But there's one business that has been a mainstay holding for quite some time. And it throws off a ton of cash for the Omaha-based conglomerate. Here's a leading Warren Buffett stock that dividend investors need to know -- and consider for their portfolios.
Image source: The Motley Fool.
As of this writing, Coca-Cola (KO +1.33%) is a top-five position in Berkshire Hathaway's portfolio. It's currently valued at $32.5 billion. The company's strong brand supports customer loyalty, pricing power, and huge profits. These are compelling characteristics in Buffett's eyes. And they have stood the test of time.
The beverage stock pays a dividend that yields 2.61%, sending investors $0.53 per share each quarter. Since Berkshire Hathaway owns 400 million shares, it's able to generate $848 million in annualized passive income.
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Individual investors who are after a dependable income stream for their portfolios can do much worse than taking a closer look at Coca-Cola. It's a Dividend King, a company that has raised its dividend in 50 or more consecutive years. Coca-Cola's board of directors has raised the payout in 64 straight years, which is a phenomenal streak that demonstrates the company's unwavering commitment to its shareholder base.
Are you ready to quench your thirst for dividends?
Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool has a disclosure policy.
United Airlines reportedly approached Delta Air Lines last year about a potential merger that would have combined two of the largest U.S. carriers.
United CEO Scott Kirby contacted Delta CEO Ed Bastian to pitch the potential tie-up, The Wall Street Journal reported Sunday, citing people familiar with the matter.
According to the outlet, leadership at Delta discussed the proposal and evaluated the potential benefits as part of "preliminary due diligence," but the talks did not advance, and both airlines ultimately moved on.
RYANAIR PASSENGER RECOUNTS BEING PARTLY SUCKED OUT AIRPLANE WINDOW: 'I AM LUCKY'
A United Airlines Boeing 777 lands at Newark Liberty International Airport on Jan. 29, 2026, in Newark, New Jersey. United Airlines reportedly approached Delta Air Lines last year about a potential merger. (Gary Hershorn/Getty Images)
A United spokesperson told FOX Business the airline had "nothing to share." Delta declined to comment.
A merger between United and Delta would have had sweeping implications for the airline industry and likely faced scrutiny from federal antitrust regulators and state attorneys general, according to The Wall Street Journal.
NEW BOEING AIRCRAFT DEVELOPMENT HAMPERED BY BACKLOG OF EXISTING ORDERS, SAYS CEO
A Delta Air Lines Airbus A220-100 approaches John F. Kennedy International Airport with its landing gear down on Nov. 14, 2019, in New York City. United CEO Scott Kirby reportedly contacted Delta CEO Ed Bastian to pitch the potential tie-up. (Nicolas Economou/NurPhoto via Getty Images)
The previously unreported talks come as United works to expand its global reach.
Kirby also reportedly explored a possible merger with American Airlines earlier this year. However, American rejected the proposal, and CEO Robert Isom criticized the idea as "anticompetitive," the WSJ reported.
UNITED TO OFFER TRAVELERS FREE FLIGHT CHANGES TO AVOID LANDING AT TRUMP INTERNATIONAL AIRPORT
United Airlines CEO Scott Kirby speaks at the U.S. Chamber of Commerce’s Global Aerospace Summit in Washington, D.C., on Sept. 9, 2025. Kirby has since downplayed the likelihood that United will pursue a major merger. (Al Drago/Bloomberg via Getty Images)
Stocks In This Article: Kirby has since downplayed the likelihood that United will pursue a major merger.
Last month, Kirby told Reuters that United remained open to buying airport slots, gates and other assets, but said a major consolidation deal was unlikely.
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"I think consolidation is unlikely for United," Kirby said at the International Air Transport Association’s annual meeting in Rio de Janeiro. "That doesn't mean we won't still be in the market to buy assets, but consolidation is a low probability."
Year to date, Teva Pharmaceutical Industries (TEVA -1.25%) shares have continued to recover. Thanks to the company's shifting focus from generic to branded drugs, this pharmaceutical stock has surged by around 85% over the past 12 months.
Although Teva may be pulling back lately, don't assume the turnaround rally is over. In addition to success with its initial round of commercially successful branded pharmaceuticals, the company has one key candidate in the pipeline that could be on the verge of becoming a blockbuster drug.
Image source: Getty Images.
Teva's branded drug transformation As seen in Teva's first-quarter 2026 financials, generic drugs now barely make up a majority of the company's overall sales. Meanwhile, branded drugs, particularly recent hits like Austedo, Ajovy, and Uzedy, are experiencing mid-double-digit annual sales growth.
Management expects a drop in earnings per share (EPS), from $2.65 in 2025 to between $1.91 and $2.11 in 2026. However, much of this stems from the initial dilutive effect of Teva's recent acquisition of Emalex Biosciences. Starting next year, the anticipated launch of biosimilars, along with other factors, should contribute to a 30% increase in operating profit and adjusted EBITDA.. Furthermore, another emerging catalyst for Teva could drive the next big leap for shares.
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The duvakitug catalyst Next year, key drivers for the growth rebound include biosimilars, plus incremental sales growth for Teva's aforementioned flagship drugs. However, next year and beyond, duvakitug could be key to the company's further turnaround. The drug, which Teva co-developed with Sanofi, is currently in clinical trials as a treatment for ulcerative colitis and Crohn's disease.
If phase 3 clinical trial results prove as promising as recently released phase 2b findings, this drug could be on the fast track toward commercialization. Management has previously guided for duvakitug to reach between $2 billion and $5 billion in peak annual sales. Considering this, any progress with duvakitug could drive yet another massive rally, especially as the stock sells for less than 10 times estimated 2027 earnings. This strongly suggests taking advantage of near-term weakness by making this stock a long-term buy.
Thomas Niel has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Welltower trades at an extreme premium, with a 41x forward AFFO multiple and implied cap rates below 3%. WELL's short-term AFFO per share growth is strong, but margin expansion and cost controls are unsustainable long-term. The REIT's best move is to issue equity at these valuations, but future AFFO multiple compression poses significant downside risk.
The VistaShares Target 15 Berkshire Select Income ETF (NYSEARCA:OMAH) markets a headline distribution that few equity strategies can match: a 14.9% trailing yield delivered in monthly payments against a share price of $19. OMAH does this by holding the same public companies that anchor Berkshire Hathaway’s portfolio, then layering a covered-call overlay on top. Whether that distribution reflects genuine cash flow from those holdings or something more fragile is the relevant question.
How OMAH Generates Its 15% Yield Launched on March 5, 2025, this Buffett-aligned ETF now manages roughly $958 million across 102 positions. The equity book mirrors Warren Buffett’s largest public positions. As of the April 30 snapshot, the seven Buffett-aligned names include Apple, Berkshire’s own B shares, American Express, Coca-Cola, Occidental Petroleum, Bank of America, and Chevron. Those holdings made up roughly 47% of net assets, with Financials at 33% and Consumer Staples at 17%. OMAH’s concentrated structure reflects the Oracle of Omaha’s long-held favorites.
The underlying dividend yields on those names average well below the fund’s headline number. Coca-Cola (NYSE:KO | KO Price Prediction) yields 2.5%, Chevron (NYSE:CVX) yields 3.8%, and American Express (NYSE:AXP) yields roughly 1%. The gap between those cash dividends and OMAH’s 15% target is bridged by selling short-dated call options against the portfolio. The April filing shows short call positions against Apple, Alphabet, Berkshire, Coca-Cola, and Amazon, with premiums collected up front and recycled into the monthly distribution.
Are the Underlying Dividends Actually Safe? The equity floor under OMAH is genuinely durable. Coca-Cola posted Q1 2026 free cash flow of $1.76 billion, raised the quarterly payout to $0.53, and carries a Dividend King track record. American Express earns $15.87 in trailing EPS against a $3.80 annualized dividend, leaving payout coverage of roughly 4x. Bank of America (NYSE:BAC) grew Q2 net income 27% and just lifted its quarterly dividend to $0.40. Chevron continued its streak of increases, moving the quarterly payout to $1.78, though Q1 free cash flow turned negative on Hess-related working-capital drag.
The one exception is Occidental Petroleum, which cut its dividend 87% in 2020 and pays $0.26 quarterly, still far below the $0.79 pre-COVID level. That risk is small at OMAH’s 6% weighting in the name.
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The Options Overlay and the Payout Ratio The uncomfortable number is the fund’s 305% payout ratio. That reflects a distribution funded largely by option premium and, at times, return of capital rather than accounting earnings. Premium generation depends on volatility. The VIX sits at roughly 19, in the normal 15 to 20 band, and has averaged about 18 over the past year. That environment supports the current call-writing income, but a sustained drop below 15 would compress premiums, and a sharp rally would cap upside on the underlying stocks that OMAH has written calls against.
Total Return and the Verdict The share price is up 14% over one year and 9% year to date, and layered on top of the roughly 15% distribution, total return has run ahead of Berkshire’s own B shares, which are up 3% over one year. The forward annualized distribution estimate of $2.77 is slightly below the trailing $2.83, hinting that management is calibrating payouts to option income rather than forcing a fixed number.
This portfolio’s distribution is best understood as a synthetic yield, safe as long as volatility stays in a normal band and the Berkshire-style equity book holds its value. The 1% expense ratio is high for a passive-looking product, and investors focused on capital growth over income have historically been better served by owning Berkshire Hathaway directly, while JEPI and SPYI offer similar options-income mechanics on broader indexes with longer track records. OMAH’s performance relative to its underlying inspiration highlights the trade-off between income generation and pure equity appreciation.
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When it comes to high-yield dividend stocks, it's not a matter of quantity, but of quality. There are numerous stocks with forward dividend yields of 5% or higher, but many of them are firmly in the "yield trap" category.
That is, either they are at risk of a dividend cut or of price declines that exceed the returns from their quarterly cash payouts. It's best to be selective with dividend stocks, but filtering for quality, a few stocks stand out as compelling long-term buys in today's market: Energy Transfer (ET -0.22%), Pfizer (PFE -0.20%), and United Parcel Service (UPS +0.45%).
Image source: Getty Images.
Energy Transfer offers a high yield and an AI growth catalyst Energy Transfer is a master limited partnership (MLP) focused on owning midstream energy assets like pipelines. As a pass-through entity, Energy Transfer pays out most of its pretax income to investors as quarterly cash distributions. Based on the current distribution rate, this MLP stock has a forward yield of 6.6%.
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Historically, Energy Transfer has steadily increased payouts by an average of 2% to 4% annually. However, payout growth could be far greater going forward, thanks to Energy Transfer's indirect exposure to the artificial intelligence (AI) megatrend.
AI data centers, hungry for energy, are boosting demand for midstream energy infrastructure. Capitalizing on this trend, Energy Transfer is targeting 3% to 5% annualized distribution growth in the years ahead. Assuming shares appreciate over the long term in line with distribution growth and this MLP continues to sport an above-average yield, this popular pipeline stock could deliver solid total returns for long-term investors.
"Yield trap" worries are overblown with Pfizer Pfizer sports a nearly 7% forward dividend yield. Shares also trade at a super low 8.5 times forward earnings. With these metrics, some may see "super bargain," but others see "value trap," especially given Pfizer's weak fiscal performance in recent years.
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However, poor sentiment for what has become one of the most undervalued pharmaceutical stocks could work in your favor. Yes, Pfizer continues to contend with dwindling demand for COVID-19 vaccines and treatments. The company also faces a major patent cliff in 2028, when it loses patent exclusivity on its flagship drug, anticoagulant Eliquis.
Still, the company expects the rest of its product lines to experience sales growth of 4% in 2026. Sell-side forecasts call for earnings of $2.94 per share, which, based on annual dividends of $1.72 per share, implies a forward payout ratio of around 59%. That may not be ideal, but if Pfizer can offset declines in COVID-19 and Eliquis sales with new products, it could sustain further dividend growth. Shares will likely rerate back toward a low-teens forward valuation.
United Parcel Service could keep stumping the skeptics United Parcel Service, better known as UPS, has a forward dividend yield of 5.7%. The company has a 16-year track record of annual dividend increases, but payout growth has slowed in more recent years. There have also been concerns about UPS' high payout ratio, which could indicate a possible dividend cut down the road.
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Yet while UPS may also give off some "yield trap" vibes, there's a reason why shares in the shipping company have bounced back in recent months. Despite concerns such as Amazon's decision to enter the logistics business, favorable developments, like rising freight rates, bode well for the space.
While analysts anticipate flat earnings growth this year, favorable pricing conditions could give way to stronger results in 2027. That's when consensus estimates call for earnings to increase from $7.13 to $8.02 per share. As earnings bounce and coverage of $6.56 per share in annual dividends further improves, UPS could provide steady cash returns while continuing its recovery. Consider it a buy now, but any subsequent wave of near-term weakness can make it an even stronger long-term buy.
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Replacing $4,000 a month in take-home pay through dividends means generating $48,000 a year without touching principal. That number sits close to the $68,391 per capita disposable income the Bureau of Economic Analysis reported for the first quarter of 2026, and it is well within reach for anyone with real capital and a coherent yield strategy. The question is what yield you accept, and what you trade to get it.
The equation is simple: income target divided by yield equals capital required. What follows are three ways to solve for $48,000, using the current dividend profiles of well-known payers and a few category benchmarks for the higher end.
Conservative Tier: 3% to 4% Yield This is the Dividend Aristocrat and Dividend King territory. Yields are lower, capital requirements are highest, but the payouts grow and the principal tends to appreciate over time.
At 3.5%, $48,000 divided by 0.035 equals roughly $1,371,000 in capital. At 4%, the number drops to $1,200,000.
The names in this tier read like a corporate history book. Procter & Gamble (NYSE:PG | PG Price Prediction) currently pays $1.0885 quarterly, part of a streak the company traces back to its 136th consecutive year of dividends since 1890, yielding 2.9%. Johnson & Johnson (NYSE:JNJ) raised its dividend to $1.34 per quarter, marking its 64th consecutive year of increases, at a 2.1% yield. Coca-Cola (NYSE:KO) sits at 2.5% after stepping the quarterly payout from $0.51 to $0.53. McDonald’s yields 2.8% at a $1.86 quarterly payout.
To reach a 3.5% blended yield, an investor typically pairs these names with higher-yielding dividend growth ETFs or utility funds. The tradeoff is capital intensity, but the payoff is durability: JNJ’s dividend has grown from $1.09 annual in 1999 to $5.36 annualized in 2026.
Moderate Tier: 5% to 7% Yield At 5%, $48,000 divided by 0.05 equals $960,000. At 7%, the requirement drops to about $686,000.
Realty Income (NYSE:O) anchors this tier. The monthly REIT pays $0.271 per share monthly, an annualized $3.234 for a 5.0% yield, and it has raised the payout for 114 consecutive quarters. At the current rate, an investor would need roughly 14,760 shares to generate $4,000 monthly.
Main Street Capital rounds it out. The business development company pays a $0.26 monthly base plus $0.30 quarterly supplementals, yielding 5.7% on the base and higher when supplementals are counted. Its trailing 12-month total reached $4.30.
The catch: MAIN is down 10% over the past year, a reminder that BDC and REIT prices swing with credit and rate cycles.
Aggressive Tier: 8% to 14% Yield At 10%, $48,000 divided by 0.10 equals $480,000. At 12%, only $400,000.
Nothing in the stock lineup above lives here. This range belongs to leveraged covered-call funds, mortgage REITs, junk-bond ETFs, and higher-risk BDCs. Distributions are large and often monthly, but principal erosion is common. Many of these vehicles return capital rather than growing it, meaning the price chart drifts down even while the checks arrive.
Why the Low-Yield Path Often Wins Consider the compounding math. Coca-Cola paid $0.16 quarterly in 1999 and pays $0.53 in 2026. McDonald’s went from $0.04875 quarterly in 1999 to $1.86 today. A 12% payer with flat distributions cannot match that trajectory. If your income target is $48,000 today but you plan to live 25 years in retirement, Core PCE inflation near the top of its trailing-year range will chew through fixed payouts.
The 10-year Treasury sits at roughly 4.6%, so any dividend strategy under that level needs growth to justify the equity risk. The Fed funds rate at 3.75%, down 75 basis points over the last year, tilts the ground back toward dividend equities.
What to Do This Week Calculate your actual annual spending, not your gross income. If your real number is $36,000, the moderate tier alone gets you there with less than $700,000. Compare the 10-year total return of a 3% dividend grower against an 11% covered-call fund using published fund data. The growth path typically wins on total return even when it loses on current yield. If you are within five years of drawing income, model the tax bill on qualified dividends versus BDC distributions (ordinary income) in your bracket. The after-tax gap is often larger than the pre-tax yield difference. Contact [email protected] for any questions or corrections.
Airbnb (ABNB +2.57%) is a leading enterprise that was propelled by the mobile internet wave. Consequently, it's viewed as a major success story in the technology space, thanks to its disruption of the hospitality industry.
This business is always in the spotlight. That attention is warranted. And investors should take a closer look at Airbnb.
Here are three reasons why this travel stock is a smart buy right now.
Image source: The Motley Fool.
There's a durable competitive advantage With 5.5 million hosts listing 9 million properties worldwide and 2.5 billion all-time guest arrivals, Airbnb has built a massive two-sided network effect. This setup makes the business incredibly difficult to disrupt. And the platform is positioned to boost its value proposition over time, as the number of hosts/listings and bookings increases.
Airbnb's brand has also become a key contributor to its success. The company name is so widely recognized that it's used interchangeably as a verb. This is a clear indicator of the mindshare Airbnb has among travelers and hosts.
This shows up in the data. According to the S-1 filing, direct and unpaid channels represented a whopping 91% of traffic that came to the site in the first nine months of 2020. I suspect this trend is still true today. This is tremendous brand awareness that can support lower marketing expenses.
Innovation is a strategic priority Last summer, Airbnb refreshed its platform to include experiences and services. The leadership team's goal is clear, which is to make this a comprehensive travel tool.
The innovation pipeline is still robust. In May, the business introduced new services like car rentals and airport pickups. And it launched new experiences, such as behind-the-scenes access to chefs and expert-led landmark tours.
As a tech-forward company, it's no surprise that Airbnb is leaning into artificial intelligence capabilities. This technology is already being used to improve customer support and to highlight reviews based on what travelers care about most.
At the end of the day, Airbnb's success is a direct result of its intense focus on improving the experience for both hosts and guests.
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Value is what you get Investors might be surprised to learn that this stock has been basically flat over the past five years. However, the next half-decade could be much better.
The stock's valuation is compelling. Airbnb trades at a forward price-to-earnings ratio of 26.9. On the one hand, this is a notable premium to the S&P 500 index.
But the upside is meaningful. According to consensus analyst estimates, Airbnb's diluted earnings per share will grow at a compound annual rate of 21% from 2025 to 2028. This is exactly the tailwind that can reward investors in the coming years.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Zillow To Contact Him Directly To Discuss Their Options
If you purchased or acquired Class A or Class C Zillow common stock between February 11, 2025 and May 7, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
[You may also click here for additional information]
New York, New York--(Newsfile Corp. - July 26, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Zillow Group, Inc. ("Zillow" or the "Company") (NASDAQ: ZG) (NASDAQ: Z) and reminds investors of the August 10, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Zillow's agreement with Redfin was not a "partnership," but rather an acquisition of Redfin's business; (2) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (3) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (4) as a result, Defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and or lacked a reasonable basis at all relevant times.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Zillow's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Zillow class action, go to www.faruqilaw.com/Z or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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Frequently Asked Questions (FAQ) for Investors Regarding the Zillow Securities Class Action Lawsuit:
What is the Zillow securities fraud lawsuit about?
The lawsuit alleges Zillow misrepresented its agreement with Redfin as a partnership, understated antitrust and regulatory risks, and downplayed potential legal exposure, making statements about its business and prospects allegedly misleading.
Who may be eligible to participate in the lawsuit?
Investors who purchased or acquired Zillow Class A or Class C common stock (NASDAQ: Z) (NASDAQ: ZG) between February 11, 2025 and May 7, 2026 may be eligible to participate if they suffered losses related to the alleged misconduct.
What is a lead plaintiff, and how can I seek appointment?
A lead plaintiff represents the interests of the proposed class and helps oversee the litigation. Investors seeking appointment must file a motion with the court by August 10, 2026. Investors can share in any recovery without serving as lead plaintiff.
What should investors do if they purchased Zillow stock during the Class Period?
Investors should review their transaction records, preserve relevant documents, and evaluate their legal options. Those who suffered losses may wish to consult counsel regarding participation in the lawsuit or seeking lead plaintiff status before the deadline.
Why should investors contact Faruqi & Faruqi, LLP?
Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Zillow securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306477
Source: Faruqi & Faruqi LLP
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When MercadoLibre (MELI +0.16%) reported another quarter of strong revenue growth, investors quickly shifted their attention elsewhere:
Operating margin narrowed. Logistics costs increased. Shipping subsidies remained elevated. These became investors' focus instead of the headline growth of 49%.
The market's concern was straightforward: MercadoLibre's growth is becoming more expensive. That's a fair concern, since profitability ultimately determines shareholder returns. But it also raises a more important question:
What if today's margins tell us less about MercadoLibre's future than the strength of its ecosystem?
Long-term investors should care about both.
Image source: Getty Images.
Margins tell you where the business is today There are many ways to analyze a business, of which operating margin is probably one of the easiest to understand and track.
Higher margins usually signal pricing power, operating leverage, or disciplined execution. On the other hand, lower margins often suggest rising competitive pressure or heavier investment.
And that's exactly why MercadoLibre's recent results worried investors. The company lowered free-shipping thresholds in Brazil, expanded its logistics network, and continued investing aggressively in Mercado Pago. Those decisions pushed costs higher and compressed profitability. For perspective, operating profit fell by 20% despite the massive revenue growth.
Viewed quarter by quarter, the market's reaction makes sense. After all, nobody likes a lower profit.
But here's the thing. Quarterly margins only inform us what the company is today. They don't explain what kind of business MercadoLibre will become over the next few years. And that's why investors should also focus on other leading indicators.
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The strength of the ecosystems creates tomorrow's margins The businesses that generate exceptional returns over the long run rarely maximize profits while they're building competitive advantages. Instead, they invest heavily to strengthen the ecosystem first.
For instance, Amazon spent decades building fulfillment infrastructure before retail margins improved. Costco invests heavily in lowering merchandise margins to create extraordinary customer loyalty, making money solely from its memberships. Similarly, Uber in the early days prioritized network density over profitability.
MercadoLibre appears to be following the same playbook. Every additional logistics hub shortens delivery times. Every new Mercado Pago user increases payment adoption. Every merchant that relies on Mercado Envios becomes more deeply embedded in the platform. Every advertiser that buys Mercado Ads creates another high-margin revenue stream.
Individually, these investments pressure margins in the short term. But collectively, they strengthen the ecosystem over the years that follow. And stronger ecosystems usually create better economics over time.
The metrics that investors should watch Instead of asking whether the operating margin expanded this quarter, investors should ask whether MercadoLibre's competitive strength has improved. And areas to focus on are:
Are buyers shopping more frequently? Are merchants relying on MercadoLibre for more than just sales? Are more consumers using Mercado Pago more often outside the marketplace? Are advertisers spending more to reach the platform's growing audience? If the answer to those questions is yes, MercadoLibre's competitive moat is likely widening, even if today's margins look weaker. That's because ecosystem strength compounds over time. Once buyers, sellers, payments, logistics, advertising, and credit reinforce one another, each new customer generates more value for the ecosystem than previous customers did.
While these network effects don't appear overnight in an income statement, they eventually show up in pricing power, higher returns on capital, and expanding free cash flow.
In other words, great ecosystems create great margins over time.
What does it mean for investors? To start with, none of what was discussed above means investors should ignore profitability. Eventually, MercadoLibre must convert today's investments into stronger earnings.
But focusing exclusively on quarterly margins risks missing the bigger picture. The company has already proven it can build Latin America's leading commerce and fintech platform.
Now it needs to prove something even more important: That today's investments are making the business stronger tomorrow.
If they are, today's margin pressure may not be a warning sign. It may simply be the cost of building the next phase of MercadoLibre's competitive advantage.
In January 2025, Plug Power (PLUG -4.57%) had just experienced a massive run, with shares hovering just below $3. I questioned whether investors should continue trusting the popular hydrogen stock. My assessment was damning.
"Some businesses aren't worth an investment at any price," I concluded. "For me, Plug Power meets this threshold."
My reasons were simple. On paper, hydrogen energy is very promising, especially when viewed as a climate solution. Most experts agree that hydrogen fuel use will rise over the coming decades, with demand especially from hard-to-decarbonize sectors such as aviation and steelmaking.
Image source: Getty Images.
The main issue is that, at least for now, hydrogen fuel remains largely more expensive than available alternatives, including traditional forms of renewable power like wind and solar, as well as conventional fossil fuels like natural gas. In other words, hydrogen fuel systems still rely on grants and subsidies to be economically viable. And in the long term, the prices of these systems must come down dramatically to spur adoption.
Has anything changed for the company over the last year and a half? You may be surprised by the answer.
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Here's how investors should view Plug Power stock today My issue with Plug Power has never been its technology. Rather, I have long been concerned about the levels of shareholder dilution that must occur before the company can generate a profit.
"Hydrogen is an exciting industry to watch, but I'd stay away as an investor, even at today's discounted price," I warned over a year ago. "There's just too much risk that the company won't survive long-term. And even if it does, it'll come at a heavy price, like massive shareholder dilution."
Fast forward to today, and Plug Power shares remain well under $3 despite heavy volatility along the way. While its gross margin has improved, the company remains in the same difficult position. Yes, sales growth is strongly positive. But shareholder dilution is occurring at such a rapid pace that it remains hard for this underlying growth to offset heavy ongoing dilution. Over the past three years, Plug Power's shares outstanding have increased by 131%.
Plug Power appears to be succeeding in selling its GenEco hydrogen electrolyzers. And the company's new management team seems intent on controlling costs and executing on the company's sales pipeline. But even after reporting one of its most positive quarters in recent memory, the company still posted a $245.3 million loss last quarter, a figure that includes roughly $140 million in noncash charges.
I'm a big fan of hydrogen energy systems in general. And Plug Power seems to be gaining market traction for its new product lineup, with an improving gross margin to boot. But shareholder dilution over the decades has helped wipe out every run the stock has ever gone on. I expect shares to remain volatile. But I won't be jumping in until the company can prove that it can remain sustainably profitable, avoiding costly shareholder dilution to stay afloat.
The most striking signal in this week's Commitments of Traders report came from feeder cattle, where positioning reached a bullish extreme that took almost two years to develop.
Readings of this length are unusual. They show that the current positioning structure has moved beyond the range seen in the previous 100-plus reports, making the signal more meaningful than a short-lived weekly fluctuation.
The feeder cattle reading is also consistent with the broader picture in live cattle. Commercial participants recorded a larger-than-average change in their net position for the second consecutive week, with both markets currently leaning toward higher prices in the near term.
Why the feeder cattle extreme mattersCommercial participants are directly involved in the underlying physical market and generally use futures to manage business risk. Their positioning should not be interpreted as a straightforward speculative trade, but unusually stretched readings can still reveal when the balance of exposure has changed materially.
A two-year extreme does not guarantee an immediate rally, and COT data is not designed to provide precise entry timing. It does, however, identify feeder cattle as a market where positioning has become historically unusual and where the current structure supports a bullish interpretation.
The similar signal in live cattle adds weight to that conclusion. When related markets begin to show aligned commercial positioning, the broader sector picture becomes more relevant than an isolated move in a single contract.
New Zealand dollar posts its largest bearish shift in a yearThe New Zealand dollar produced the clearest bearish change signal among the currency markets in the latest report.
Commercials recorded their largest change in net positioning over the past year. Price has already started to move lower, which means the positioning signal is beginning to receive confirmation from the market itself.
That distinction is important. A large weekly change can show that positioning is turning, while subsequent price action helps indicate whether the market is responding in the same direction. In the New Zealand dollar, the current combination remains bearish, although the move should still be assessed alongside the broader US dollar trend and incoming macroeconomic developments.
Soybeans show bearish positioning before price reactsSoybeans present a different type of setup. The latest COT signals lean bearish, while price has not yet made a decisive move in response.
The market is also approaching a significant resistance area. This creates a potentially important test: if price struggles at resistance while positioning continues to weaken, the bearish case would become more convincing.
For now, the signal remains developing rather than confirmed. The value of the COT data is that it can highlight a change in market structure before that shift becomes obvious on a standard price chart. Traders should therefore watch how soybeans behave around resistance and whether the next reports reinforce or weaken the current positioning pattern.
Silver approaches a 124-report extremeSilver is showing one of the most historically stretched readings in this week's report.
Large speculators have reached a 124-report extreme, a level that also took close to two years to form. In my view, this type of positioning may indicate that a bottom is beginning to develop.
That interpretation requires caution. Extreme positioning can persist, and it does not confirm that the final low is already in place. However, readings that extend across more than 100 reports deserve attention because they show that speculative exposure has moved to a level rarely seen in recent history.
The next step is to watch whether price begins to stabilise and whether subsequent COT reports show the positioning extreme starting to reverse. A combination of historically stretched positioning and improving price action would provide stronger evidence that a bottoming process is underway.
The key takeawayThis week's data presents three distinct positioning stories.
Feeder cattle has reached a rare two-year bullish extreme, supported by another constructive commercial shift in live cattle. The New Zealand dollar has produced its largest bearish commercial change in a year, with price already moving in the same direction. Soybeans are showing a developing bearish setup near resistance, while silver's 124-report large-speculator extreme may be an early sign that a bottom is forming.
None of these readings should be treated as standalone trading signals. Their value lies in showing where major participant groups are changing exposure, where positioning has become historically stretched and where the market may be approaching an important transition.
Price shows what the market has already done. Positioning can provide additional context about who is behind the move and where the balance may be shifting next.
I explain the full report and walk through every chart in this week's COTbase video review
It's pretty much impossible for investors not to have noticed that technology stocks -- and artificial intelligence (AI) stocks in particular -- have dominated the headlines for a while now. You may even own a couple of these names.
Smart investors know, however, that headlines are often backward-looking. If you really want your portfolio to grow, you need to step into the market's next top opportunities before the rest of the crowd discovers them.
To this end (and after a fairly lengthy period of just so-so performance), a handful of industrial stocks look primed for above-average results. Here's a closer look at two of this sector's best bets right now.
Image source: Getty Images.
Vertiv Holdings Making a quick review of Vertiv Holdings' (VRT -4.57%) portfolio of products is indeed a boring endeavor. Industrial-scale power supplies, high-capacity HVAC solutions, and facilities-monitoring tech of all types just aren't exciting.
Now dig deeper and look at who this company's top customers are right now, and will be for the foreseeable future. That's artificial intelligence data center owners and operators who need to make the most efficient use of whatever electricity they can get, and then deal with the enormous heat AI accelerators generate -- two challenges the modern AI industry wasn't fully prepared to tackle in its infancy.
And the numbers prove as much. Vertiv's Q1 revenue grew 30% year over year to $2.65 billion because, in CEO Giordano Albertazzi's words, "We're seeing data center infrastructure requirements evolve significantly, with customers prioritizing optimized design, deployment speed, and operational efficiency -- reshaping their approach to deployment." The company is guiding for comparable sales growth through the rest of the year as well.
The underlying opportunity, however, is far greater in its scope and duration. The data center cooling market is likely to grow at an average annual pace of nearly 12% through 2035, according to an outlook from Precedence Research, which adds that the power management aspect of the business is expected to grow at a slower but steady yearly average of 7% for the same time frame. With partnerships like its one with Nvidia to develop the 800-volt DC (direct current) platforms that are increasingly in demand (due to their heightened efficiency), in addition to its liquid-cooling tech that reduces the consumption of cooling energy by up to 80% (because it makes direct contact with AI processing chips), Vertiv is quietly positioned to win a lot of this growth.
Today's Change
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This might help get you on board: Despite the stock's strong performance over the course of the past couple of years -- in the midst of artificial intelligence mania -- the vast majority of the analyst community still rates this ticker as a strong buy, with a consensus price target of $376.99, which is 24% above Vertiv shares' present price.
Fluor Fluor (FLR -2.01%) is in the construction business, but not in the way you might think. Rather than residential housing, this company designs and builds semiconductor manufacturing facilities, chemical factories, nuclear power plants, airport infrastructure, and more.
Although lucrative, it's a complicated and sometimes unpredictable business. Such large-scale projects typically take time to fund, years to plan, and then years to execute. Much can change during construction, too, including expected costs. That's a problem that came to something of a head in 2023 and has weighed on the stock off and on ever since.
Today's Change
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Nevertheless, Fluor's big enough and has been around long enough to navigate such twists and turns. Since that point in 2023, for instance, the company has successfully fought to make more of its projects reimbursable at Fluor's cost rather than use the flat-price contracts that pose a greater degree of risk. As of March, 82% of its $25.7 billion backlog is reimbursable, versus only 63% as of the end of 2022. This should smooth out bottom-line results for the company and, by extension, for shareholders.
In this vein, although this year's projected revenue of just under $15.9 billion is only a little more than 2% better than last year's top line, analysts are calling for 7.5% sales growth next year, which should boost per-share profits by 27%.
Data source: Morningstar. Chart by author.
Why such a swell of sales growth and outright explosion in profit growth? That's when several sizable, higher-margin projects are expected to fall into place, and some of its older, lower-margin projects will finally be completed. As Standard & Poor's notes, "Over the past few months, Fluor announced several awards it expects will accelerate growth in the second half of 2026 and 2027, including the limited notice to proceed on LNG Canada Phase 2 and TeraWulf's large-scale data center campus." S&P goes on to say, "If moved to execution phase, awards could potentially convert to multiyear mega projects that would fuel revenue growth over the next several years."
This long-term future potential isn't yet priced into the stock. Just know that Fluor should really be viewed only as a long-term, buy-and-hold prospect.
New York, New York--(Newsfile Corp. - July 26, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Insulet Corporation (NASDAQ: PODD) between February 21, 2025 and May 26, 2026, inclusive (the "Class Period"), of the important August 31, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Insulet securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Insulet class action, go to https://rosenlegal.com/cases/insulet-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 31, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Insulet's manufacturing controls and procedures were defective; (2) the foregoing created a foreseeable heightened risk that one or more Insulet products would be found to be in violation of applicable safety regulations and/or pose a risk of injury; and (3) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Insulet class action, go to https://rosenlegal.com/cases/insulet-corporation/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306490
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
The native token plummeted by roughly 60% after the announcement.
Unlike the previous major bear market in which numerous cryptocurrency exchanges reduced their staff number, the current cycle turned out to be more violent and requires a different sort of reaction.
The latest to close shop, with an announcement earlier today, was BitMart.
BitMart to Shut Down The exchange saw the light of day during the 2017 big bull market and expanded its services to over 1,700 cryptocurrencies as of today. However, it followed the recent negative trend, stating that it has begun to “orderly” wind down its trading operations.
New registrations have already been halted, as well as deposits and opening new trading orders. A month later, the exchange will stop all trading services. The official shutdown will be at the end of January at 15:59 UTC, when the platform operations will cease. In contrast, withdrawals will remain available.
The company urged all users to close their trading positions, complete KYC if needed, and transfer out the available funds as soon as possible.
Important Notice
After a careful evaluation of the Company’s operating conditions, market environment, and future strategic direction, BitMart has made the difficult decision to commence an orderly wind-down of its trading platform operations. We deeply regret having to make… pic.twitter.com/KX3zczIrAh
— BitMart (@BitMartExchange) July 26, 2026
The exchange’s native token reacted with an immediate price drop, plunging by over 60% on a 24-hour scale. BMX traded at $0.32 before the news went live, and dumped to $0.09 as of press time. It also remains 90% away from its all-time high at $0.619 (CoinGecko data) recorded in early 2024.
You may also like: BitMEX Hit With 623 BTC Lawsuit After Announcing Shutdown BMXUSD. Source: TradingView BitMEX and Who Else? Just a few days ago, the Arthur Hayes-co-founded cryptocurrency derivatives platform BitMEX said it will shut down on September 23. The creator of the 100x perpetual swap was active for nearly a decade, but it has fallen out of traders’ grace in the past couple of years.
The crypto shutdowns continued with popular DEX aggregator Odos. The project announced on July 24 that it will halt all of its services at the end of July.
One of its competitors, Dango, made a similar statement on the same day. The self-proclaimed ‘Endgame Exchange’ informed that the team has made the difficult decision to wind down its services, outlining “various reasons” without actually specifying them. It will stop trading on July 29, while the Dango L1 blockchain will halt on August 13.
Tom Lee, co-founder of Fundstrat Global Advisors, stated that the recent shutdowns among major cryptocurrency exchanges could signal that the market is approaching a bottom. Lee, known for his optimistic market perspective, commented on recent developments in a series of posts on X.
Major exchanges halt operationsBitMart, ranked among the world’s largest crypto exchanges by trading volume, announced it will wind down its trading platform. The company cited ongoing industry pressures as a key reason for its decision to cease operations.
BitMEX, once renowned for pioneering the perpetual swap futures product and previously a dominant force in Bitcoin derivatives trading, also confirmed its plans to shut down later this year.
The announcement from both exchanges has fueled intense discussion about the severity of the current crypto bear market.
Mini dictionary: BitMEX, a cryptocurrency derivatives exchange launched in 2014, is widely recognized for introducing perpetual swap futures, allowing traders to speculate on Bitcoin price movements without expiry dates.
ExchangePrimary ServiceStatusDate of ClosureBitMartSpot TradingShutting down2024 (announced)BitMEXDerivatives TradingShutting downLater in 2024Industry voices speculate on market bottomLee highlighted that exchange closures tend to appear when the market is nearing the end of a bearish cycle. Binance founder Changpeng Zhao (CZ) had also suggested in a now-deleted post that these events might signal a market reversal. CZ noted that difficulties in acquiring smaller centralized exchanges reflect systemic risk, as acquirers may inherit unresolved security issues.
Lee commented, “These things happen at the bottom of a cycle,” referring to the latest string of exchange shutdown announcements.
Lee’s outlook on Ethereum and regulationDespite the downturn and significant unrealized losses for companies such as BitMart, which is also known for managing large ETH treasuries, Lee remains upbeat regarding Ethereum’s prospects. Earlier this month, he described Ethereum as entering its “2.0” phase and drew comparisons to the rapid transformations witnessed at firms like Amazon, Nvidia, and JPMorgan.
Lee expressed that Ethereum, as a leading smart contracts platform, could evolve into the primary settlement layer for both traditional finance and artificial intelligence-based agents. He maintains a long-term price target of $250,000 for ETH.
Lee has claimed that, heading toward the year’s end, cryptocurrencies present one of the most attractive risk-reward opportunities in global markets.
In addition, Lee echoed support for Fidelity’s call for Congressional approval of the CLARITY Act, warning that failure to pass the legislation may place the United States at a competitive disadvantage in the digital asset economy.
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.
HOUSTON and LONDON, July 26, 2026 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR) announced today that the Baker Hughes Board of Directors declared a quarterly cash dividend of $0.23 per share of Class A common stock payable on Aug. 17, 2026, to holders of record on Aug. 7, 2026.
Baker Hughes expects to fund its quarterly cash dividend from cash generated from operations.
About Baker Hughes:
Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
Warsh Sets the Tone Wednesday Afternoon No new projections and no dot plot this meeting. The statement and the press conference carry all the weight and Warsh has been clear about where he stands since taking the chair. He dropped easing language from the June statement, skipped the dot plot entirely and told the ECB Forum in Sintra that prices are too high. The bond market has already pushed September hike odds heavily higher and priced a meaningful chance of a July move. Wednesday is about whether Warsh gets behind that or lets the market do the tightening on its own.
If he leans into the energy story and calls the inflation risk persistent, yields and the dollar catch another bid and gold pays for it immediately. If he holds without adding any new pressure on the inflation side, buyers who have been defending the $4,000 area get room to work. The way I see it, the range gold has been stuck in for five weeks breaks on Wednesday afternoon one way or the other.
PCE on Thursday Can Change the Reaction The advance second-quarter GDP estimate and June personal income and outlays land at 12:30 GMT Thursday. The PCE number inside that release hits the day after Warsh speaks and it can either confirm or undercut whatever the market takes from the press conference. A hot reading after a hawkish Wednesday locks the selling in for the rest of the week. A soft number is the best thing gold can get next week because it pulls the rate conversation back without needing a ceasefire or a drop in crude to do it.
Friday’s Employment Cost Index at 12:30 GMT closes the calendar. Wages running hot after a hawkish Fed and firm PCE keep the dollar bid through the weekend. Wages coming in soft give Treasury buyers a late reason to step in and help gold hold whatever ground it picked up earlier in the week.
What to Watch The FOMC is the first decision point Wednesday and Warsh’s tone on inflation determines whether gold gets room to extend or whether the selling pressure comes back with the Fed’s stamp on it. Thursday’s PCE is the second decision point and a soft reading would be the strongest fundamental support gold can get next week. Friday’s ECI decides whether the weekly move holds into the close.
Through all three events, crude is the variable that controls the direction. Gold buyers need oil to stay contained and yields to keep drifting lower to build on last week’s gain. One escalation in the Middle East puts crude back in charge and at that point the FOMC and the data calendar take a back seat to the shipping headlines.
WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of PennyMac Financial Services, Inc. (NYSE: PFSI) resulting from allegations that PennyMac may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased PennyMac securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=51887 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
WHAT IS THIS ABOUT: On January 29, 2026, PennyMac filed a Current Report with the Securities and Exchange Commission on Form 8-K announcing PennyMac’s fourth quarter and full-year 2025 financial results. The report stated that PennyMac’s “servicing segment pretax income was $37.3 million, down from $157.4 million in the prior quarter and $87.3 million in the fourth quarter of 2024,” as well as “[retax income excluding valuation-related items was $47.8 million, down 70 percent from the prior quarter driven primarily by increased realization of mortgage servicing rights (MSR) cash flows as lower mortgage rates drove higher prepayment activity.”
On this news, PennyMac’s stock price fell $49.78 per share, or 33.3%, to close at $99.92 per share on January 30, 2026.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
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www.rosenlegal.com
Bitcoin, hafta içinde ulaştığı 67 bin dolar seviyesinden geri çekilerek yeniden kritik bir destek noktasını test etmeye başladı. Piyasa analistlerine göre 63.800 dolar seviyesi, lider kripto paranın kısa vadeli yönünü belirleyecek en önemli eşik olarak öne çıkıyor. Bu desteğin korunması halinde yeniden 67 bin dolar hedefi gündeme gelebilirken, aşağı yönlü bir kırılım ise fiyatı 60 bin dolara kadar taşıyabilir.
Bitcoin’in Gözü 63.800 Dolar Desteğinde Bitcoin, geçen hafta 67 bin dolara kadar yükselerek son bir ayın zirvesini gördü. Ancak bu seviyede kalıcılık sağlayamayan BTC, kâr satışlarının etkisiyle yeniden 64 bin dolar bandına çekildi.
Kripto analisti Ali Martinez’e göre piyasanın odaklandığı seviye 63.800 dolar. Martinez, Bitcoin’in bu desteği koruması halinde yeniden 67 bin dolar seviyesini test edebileceğini belirtti. Buna karşılık desteğin aşağı yönlü kırılması durumunda ise fiyatın 60 bin dolara kadar gerileyebileceğini ifade etti.
Analiste göre bu bölgeden gelecek hareket, Bitcoin’in önümüzdeki günlerde izleyeceği yön açısından belirleyici olabilir.
Ağustos Verileri İyimser Bir Tablo Çizmiyor Ali Martinez, tarihsel verilere de dikkat çekti. Analistin paylaştığı istatistiklere göre Bitcoin son dört yılın ağustos aylarını değer kaybıyla tamamladı. Son 12 yılın yalnızca üçünde ağustos ayı pozitif getiri sağlarken, en güçlü performans 2017 boğa piyasasında görüldü.
Bu nedenle tarihsel eğilimler, kısa vadede temkinli olunması gerektiğine işaret ediyor.
Öte yandan piyasadan gelen tüm sinyaller olumsuz değil. Analist CW, 100 ila 1.000 BTC arasında varlık tutan orta ölçekli balinaların yeniden kâra geçtiğini belirtti. Geçmiş dönemlerde benzer hareketlerin kısa vadeli yükselişlerden önce görüldüğünü ifade eden analist, bu verinin olumlu bir sinyal olarak değerlendirilebileceğini söyledi.
65.500 Dolar Direnci Aşılamıyor Bir diğer kripto analisti Rekt Capital ise Bitcoin’in haftalık grafikte yaklaşık 65.500 dolar seviyesinde bulunan önemli direnci aşmakta zorlandığını vurguladı.
Analiste göre son yükseliş denemelerinin tamamı bu bölgede satış baskısıyla karşılaştı. Ayrıca alım hacmindeki zayıflamanın yerini satış ağırlıklı işlem hacmine bırakması da aşağı yönlü riskleri artırıyor.
Rekt Capital, satış hacminin güçlenmeye devam etmesi halinde Bitcoin’in dirençten bir kez daha reddedilme ihtimalinin yükseldiğini belirtti.
Şimdilik piyasanın odağında iki kritik seviye bulunuyor. 63.800 dolar desteğinin korunması yükseliş beklentilerini canlı tutarken, 65.500 dolar direncinin aşılması yeni bir ivmenin önünü açabilir. Buna karşılık 63.800 doların kaybedilmesi halinde analistlerin işaret ettiği 60 bin dolar seviyesi yeniden gündeme gelebilir.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Israeli Prime Minister: This visit to the US aims to understand the US President’s views on the Iran issue.
Israeli Prime Minister Benjamin Netanyahu said in an interview that the conflict between Israel and Iran will only end when Iran’s current regime is overthrown or so weakened that it is forced to abandon its nuclear program. He emphasized that Iran’s nuclear program must be terminated "regardless of whether an agreement is reached". When discussing the planned meeting with U.S. President Donald Trump, Netanyahu noted that the meeting will not focus on delivering new intelligence, as the military and intelligence agencies of the U.S. and Israel are already in close cooperation. He stated that the purpose of the trip is to discuss with Trump and understand his thinking, adding that the development of the situation largely depends on Trump’s final decision. In addition, Netanyahu also commented on the U.S.-Saudi nuclear deal. He expressed agreement with Trump’s stance that "Saudi Arabia can only access a civilian nuclear deal", and stressed that both Israel and the U.S. will never allow Saudi Arabia to possess a military nuclear program. Netanyahu also said he will "definitely" attend the United Nations General Assembly to be held in New York in September. (CCTV News)
3 hours ago
Lido Responds to stETH Yield Calculation Anomaly: Issue Fixed, Oracle Upgraded, User Funds Unaffected.
Ethereum staking protocol Lido stated on X that today’s stETH rebase has been completed as expected, with ETH rewards omitted yesterday due to calculation gaps now fully restored. The corresponding annual percentage rate (APR) stands at approximately 2.29%. The protocol’s oracle has also been updated and audited; the new version will boost report processing speed and enable faster root cause identification for similar future issues. Regarding yesterday’s reward calculation anomaly, Lido said contributors are still conducting root cause analysis, with additional investigation details to be shared on its official forum and social media channels. User funds were never at risk throughout the entire incident. The initial assessment points to a special edge case as the likely cause: a validator in pending deposit status was omitted from yesterday’s reward report, resulting in some staking rewards not being included in calculations. Lido noted that a full incident post-mortem report will be released in the coming days to further detail the root cause, remediation measures, and subsequent improvement plans.
3 hours ago
On Robinhood Chain, on-chain speculation remains active, with multiple tokens hitting new market cap highs today.
According to GMGN market data, hype on Robinhood Chain remains active, with multiple tokens hitting new all-time highs (ATH) in market capitalization today. Among them: PONS, the largest token issuance platform on Robinhood Chain by market cap, briefly exceeded $56 million, and is now trading at $52.47 million, marking a new ATH with a 24-hour gain of 31.88%. BRODIE, a meme token in the PONS ecosystem, broke through $6 million in market cap, also hitting a new ATH, with a 24-hour surge of 151.7%. STONKBROKER, an RWA + meme project token, surpassed $15 million in market cap, also hitting a new ATH, with a 24-hour increase of 29.61%. BlockBeats reminds users that related tokens are highly volatile, so investors should exercise caution.
3 hours ago
WEMIX confirms security incident: Contract ownership may have been compromised, reminds users to exercise caution when trading
The WEMIX team has issued an announcement stating it is urgently investigating a potential security incident involving the WEMIX 3.0 network. Signs have emerged indicating that the network’s contract ownership may have been compromised. The relevant team is verifying the facts and assessing the incident’s impact scope, and will release investigation findings and follow-up response measures promptly as the probe progresses. Ahead of further official updates, WEMIX is reminding users to exercise caution with unconfirmed information and remain highly vigilant when trading or investing in related assets.
3 hours ago
Jiang Zhuoer: Changxin Memory will likely hit its all-time high on its first day of trading, and recommended pairing it with hedging operations on Hyperliquid.
Jiang Zhuoer, founder of BTC.TOP (B.TOP), posted that Changxin Memory will likely open higher, surge then pull back, hitting its all-time high on the first trading day. The ideal play is to buy at the A-share opening, sell during the midday H-share-driven rally, then sell on A-share and buy back on H-share the next day to square positions. Without H-share exposure, investors will be trapped by the T+1 trading rule, possibly holding the stock for a lifetime just like PetroChina.
3 hours ago
OpenAI's CEO will travel to Washington in person to push for expedited approval of its new AI model, possibly GPT-6.
OpenAI CEO Sam Altman will visit Washington next week to showcase the company’s most powerful AI model to the White House and push for its rapid approval. The model previously infiltrated Hugging Face. Reports note the new model has long-term planning capabilities, can independently complete original scientific research, and supports agent groups to collaborate on complex tasks including legal and financial matters. Though the report does not specify whether the new model is GPT-6, analyst Chubby believes Altman’s trip is to prepare for the launch of GPT-6. (Axios)
Israeli Prime Minister: This visit to the US aims to understand the US President’s views on the Iran issue.
Israeli Prime Minister Benjamin Netanyahu said in an interview that the conflict between Israel and Iran will only end when Iran’s current regime is overthrown or so weakened that it is forced to abandon its nuclear program. He emphasized that Iran’s nuclear program must be terminated "regardless of whether an agreement is reached". When discussing the planned meeting with U.S. President Donald Trump, Netanyahu noted that the meeting will not focus on delivering new intelligence, as the military and intelligence agencies of the U.S. and Israel are already in close cooperation. He stated that the purpose of the trip is to discuss with Trump and understand his thinking, adding that the development of the situation largely depends on Trump’s final decision. In addition, Netanyahu also commented on the U.S.-Saudi nuclear deal. He expressed agreement with Trump’s stance that "Saudi Arabia can only access a civilian nuclear deal", and stressed that both Israel and the U.S. will never allow Saudi Arabia to possess a military nuclear program. Netanyahu also said he will "definitely" attend the United Nations General Assembly to be held in New York in September. (CCTV News)
3 hours ago
Lido Responds to stETH Yield Calculation Anomaly: Issue Fixed, Oracle Upgraded, User Funds Unaffected.
Ethereum staking protocol Lido stated on X that today’s stETH rebase has been completed as expected, with ETH rewards omitted yesterday due to calculation gaps now fully restored. The corresponding annual percentage rate (APR) stands at approximately 2.29%. The protocol’s oracle has also been updated and audited; the new version will boost report processing speed and enable faster root cause identification for similar future issues. Regarding yesterday’s reward calculation anomaly, Lido said contributors are still conducting root cause analysis, with additional investigation details to be shared on its official forum and social media channels. User funds were never at risk throughout the entire incident. The initial assessment points to a special edge case as the likely cause: a validator in pending deposit status was omitted from yesterday’s reward report, resulting in some staking rewards not being included in calculations. Lido noted that a full incident post-mortem report will be released in the coming days to further detail the root cause, remediation measures, and subsequent improvement plans.
3 hours ago
On Robinhood Chain, on-chain speculation remains active, with multiple tokens hitting new market cap highs today.
According to GMGN market data, hype on Robinhood Chain remains active, with multiple tokens hitting new all-time highs (ATH) in market capitalization today. Among them: PONS, the largest token issuance platform on Robinhood Chain by market cap, briefly exceeded $56 million, and is now trading at $52.47 million, marking a new ATH with a 24-hour gain of 31.88%. BRODIE, a meme token in the PONS ecosystem, broke through $6 million in market cap, also hitting a new ATH, with a 24-hour surge of 151.7%. STONKBROKER, an RWA + meme project token, surpassed $15 million in market cap, also hitting a new ATH, with a 24-hour increase of 29.61%. BlockBeats reminds users that related tokens are highly volatile, so investors should exercise caution.
3 hours ago
Founder of Mango Labs: Has gone long on Changxin Technology, calling it a rare 1:5 leverage trading opportunity.
Mango Labs founder @dov_wo shared his market views, noting he has gone long on Changxin Technology, calling it a rare 1:5 risk-reward opportunity with a 20% downside and 100% upside, a 5-to-1 payout. @dov_wo outlined his bullish thesis as follows: low float ratio, regulatory tailwinds, and institutional optimism for its investment opportunity at a market cap below $3 trillion. He advised on the strategy: if Changxin gaps up tomorrow, close the position to lock in profits directly; if it gaps down then rallies, wait patiently and wrap up the trade within 3 days.
3 hours ago
WEMIX confirms security incident: Contract ownership may have been compromised, reminds users to exercise caution when trading
The WEMIX team has issued an announcement stating it is urgently investigating a potential security incident involving the WEMIX 3.0 network. Signs have emerged indicating that the network’s contract ownership may have been compromised. The relevant team is verifying the facts and assessing the incident’s impact scope, and will release investigation findings and follow-up response measures promptly as the probe progresses. Ahead of further official updates, WEMIX is reminding users to exercise caution with unconfirmed information and remain highly vigilant when trading or investing in related assets.
3 hours ago
Jiang Zhuoer: Changxin Memory will likely hit its all-time high on its first day of trading, and recommended pairing it with hedging operations on Hyperliquid.
Jiang Zhuoer, founder of BTC.TOP (B.TOP), posted that Changxin Memory will likely open higher, surge then pull back, hitting its all-time high on the first trading day. The ideal play is to buy at the A-share opening, sell during the midday H-share-driven rally, then sell on A-share and buy back on H-share the next day to square positions. Without H-share exposure, investors will be trapped by the T+1 trading rule, possibly holding the stock for a lifetime just like PetroChina.
Israeli Prime Minister: This visit to the US aims to understand the US President’s views on the Iran issue.
Israeli Prime Minister Benjamin Netanyahu said in an interview that the conflict between Israel and Iran will only end when Iran’s current regime is overthrown or so weakened that it is forced to abandon its nuclear program. He emphasized that Iran’s nuclear program must be terminated "regardless of whether an agreement is reached". When discussing the planned meeting with U.S. President Donald Trump, Netanyahu noted that the meeting will not focus on delivering new intelligence, as the military and intelligence agencies of the U.S. and Israel are already in close cooperation. He stated that the purpose of the trip is to discuss with Trump and understand his thinking, adding that the development of the situation largely depends on Trump’s final decision. In addition, Netanyahu also commented on the U.S.-Saudi nuclear deal. He expressed agreement with Trump’s stance that "Saudi Arabia can only access a civilian nuclear deal", and stressed that both Israel and the U.S. will never allow Saudi Arabia to possess a military nuclear program. Netanyahu also said he will "definitely" attend the United Nations General Assembly to be held in New York in September. (CCTV News)
3 hours ago
Lido Responds to stETH Yield Calculation Anomaly: Issue Fixed, Oracle Upgraded, User Funds Unaffected.
Ethereum staking protocol Lido stated on X that today’s stETH rebase has been completed as expected, with ETH rewards omitted yesterday due to calculation gaps now fully restored. The corresponding annual percentage rate (APR) stands at approximately 2.29%. The protocol’s oracle has also been updated and audited; the new version will boost report processing speed and enable faster root cause identification for similar future issues. Regarding yesterday’s reward calculation anomaly, Lido said contributors are still conducting root cause analysis, with additional investigation details to be shared on its official forum and social media channels. User funds were never at risk throughout the entire incident. The initial assessment points to a special edge case as the likely cause: a validator in pending deposit status was omitted from yesterday’s reward report, resulting in some staking rewards not being included in calculations. Lido noted that a full incident post-mortem report will be released in the coming days to further detail the root cause, remediation measures, and subsequent improvement plans.
3 hours ago
On Robinhood Chain, on-chain speculation remains active, with multiple tokens hitting new market cap highs today.
According to GMGN market data, hype on Robinhood Chain remains active, with multiple tokens hitting new all-time highs (ATH) in market capitalization today. Among them: PONS, the largest token issuance platform on Robinhood Chain by market cap, briefly exceeded $56 million, and is now trading at $52.47 million, marking a new ATH with a 24-hour gain of 31.88%. BRODIE, a meme token in the PONS ecosystem, broke through $6 million in market cap, also hitting a new ATH, with a 24-hour surge of 151.7%. STONKBROKER, an RWA + meme project token, surpassed $15 million in market cap, also hitting a new ATH, with a 24-hour increase of 29.61%. BlockBeats reminds users that related tokens are highly volatile, so investors should exercise caution.
3 hours ago
Founder of Mango Labs: Has gone long on Changxin Technology, calling it a rare 1:5 leverage trading opportunity.
Mango Labs founder @dov_wo shared his market views, noting he has gone long on Changxin Technology, calling it a rare 1:5 risk-reward opportunity with a 20% downside and 100% upside, a 5-to-1 payout. @dov_wo outlined his bullish thesis as follows: low float ratio, regulatory tailwinds, and institutional optimism for its investment opportunity at a market cap below $3 trillion. He advised on the strategy: if Changxin gaps up tomorrow, close the position to lock in profits directly; if it gaps down then rallies, wait patiently and wrap up the trade within 3 days.
3 hours ago
WEMIX confirms security incident: Contract ownership may have been compromised, reminds users to exercise caution when trading
The WEMIX team has issued an announcement stating it is urgently investigating a potential security incident involving the WEMIX 3.0 network. Signs have emerged indicating that the network’s contract ownership may have been compromised. The relevant team is verifying the facts and assessing the incident’s impact scope, and will release investigation findings and follow-up response measures promptly as the probe progresses. Ahead of further official updates, WEMIX is reminding users to exercise caution with unconfirmed information and remain highly vigilant when trading or investing in related assets.
3 hours ago
Jiang Zhuoer: Changxin Memory will likely hit its all-time high on its first day of trading, and recommended pairing it with hedging operations on Hyperliquid.
Jiang Zhuoer, founder of BTC.TOP (B.TOP), posted that Changxin Memory will likely open higher, surge then pull back, hitting its all-time high on the first trading day. The ideal play is to buy at the A-share opening, sell during the midday H-share-driven rally, then sell on A-share and buy back on H-share the next day to square positions. Without H-share exposure, investors will be trapped by the T+1 trading rule, possibly holding the stock for a lifetime just like PetroChina.
BitMart, a crypto exchange platform, has announced a wind-down of its trading platform after years of declining market performance. The exchange once ranked among the top 10 by trading volume before slipping to the high-teen positions.
Source: X BitMart announced that it began winding down operations on the 26th of July. This included halting registrations, deposits, and new trading activity.
Ultimately, BitMart’s exit shows how sustained competitive pressure can steadily erode an exchange’s market position until operations become difficult to sustain.
The effects of the 2021 hack That prolonged decline also became increasingly visible in BitMart’s on-chain metrics. Although the exchange promised to reimburse nearly $200 million after the 2021 security breach and resumed operations, user confidence and liquidity never fully recovered.
Instead, capital gradually shifted toward larger exchanges with stronger security records and deeper markets. At its peak, BitMart’s market capitalization neared $210 million in April 2024. This figure illustrated the scale of the platform’s operations.
Source: DeFillama By press time, that figure had dropped to just $55.68 million. Daily token volume also stood at $6.16 million, reflecting a much smaller operating footprint.
Meanwhile, years of weaker liquidity pushed BitMart from the industry’s higher ranks into the high teens. That shift reinforced a steady migration of traders and capital toward dominant exchanges such as Binance, OKX, and Bybit.
The liquidity shift BitMart’s closure also highlights how centralized exchange liquidity dynamics are becoming increasingly concentrated. According to CoinMarketCap data, the top five exchanges control roughly 55–70% of global trading activity.
In that pool, Binance alone accounts for around 25–35%. This level of concentration creates larger volumes, tighter spreads, and greater network effects for the larger players, which attract more users, investors, and institutional participants.
Meanwhile, this trend tends to challenge smaller exchanges, which face growing challenges as capital increasingly flows toward the largest venues. Rather than spreading across remaining mid-tier platforms, liquidity typically reinforces the leaders’ positions.
Smaller exchanges have become increasingly challenged by this trend as there appears to be less incentive for liquidity to flow from large exchanges into mid-tier exchanges.
This pattern raises the competitive scale for new entrants and recovering exchanges together. Ultimately, BitMart’s exit illustrates how industry consolidation now favors scale, making sustained competition increasingly challenging for smaller centralized exchanges.
26 July 2026 | 14:23 BitMart has begun winding down its trading platform, becoming the fifth notable exchange to announce an exit in 2026 and the second in a matter of days.
Key Takeaways BitMart stops all trading on August 26. Platform operations officially end January 31, 2027. BMX fell roughly 47% after the announcement. 2026 is the heaviest year for exchange exits. Exchange tokens depend heavily on platform utility. Self-custody removes ongoing exchange counterparty exposure. According to BitMart’s official closure announcement, new registrations, deposits and new trading orders began being suspended on July 26 at 01:30 UTC. All trading services are scheduled to end on August 26 at 01:00 UTC, while the platform plans to cease operations completely on January 31, 2027.
The exchange described the decision as the result of a review of its operating conditions, market environment and future strategy. It disclosed no revenue figures, liquidity problems or shortage of customer assets.
An orderly wind-down still converts an active marketplace into a deadline-driven withdrawal operation, and the products and tokens built around the exchange can lose their purpose while the platform is still online.
Important Notice
After a careful evaluation of the Company’s operating conditions, market environment, and future strategic direction, BitMart has made the difficult decision to commence an orderly wind-down of its trading platform operations. We deeply regret having to make… pic.twitter.com/KX3zczIrAh
— BitMart (@BitMartExchange) July 26, 2026
The Practical Deadline Comes Before January 2027 BitMart’s final closure date is months away. The date that matters to active users is much closer.
The exchange will stop spot, futures and other trading services on August 26. Futures accounts are entering reduce-only mode, new spot orders are no longer being accepted and automated products such as copy trading, grid trading and API trading are being discontinued.
Any derivatives positions left open when trading ends may be settled using the applicable mark price, index price or settlement rules. Traders lose control over the timing of their exit in August, five months before the platform formally shuts.
BitMart recommends closing positions, completing any necessary identity verification and submitting withdrawal requests before August 26. Withdrawals are expected to remain available afterwards, though requests may be transferred into a separate processing procedure and could require additional documentation.
Users who wait may encounter heavier withdrawal traffic, longer compliance reviews or delayed responses from a support team handling an unusual volume of requests. Operational congestion alone can make access slower and more complicated.
BMX Lost the Business That Gave It Utility BitMart’s native BMX token fell roughly 47% following the announcement, according to the supplied daily chart.
The sell-off carried BMX beneath all three displayed moving averages. The 50-day SMA stood near $0.30, followed by the 100-day around $0.31 and the 200-day near $0.327. Price was trading around $0.0892 in the chart snapshot, leaving the token far below the range it occupied before the closure became known.
Daily BMX/USDT technical price chart displaying a sharp downward price drop / Source: TradingView The decline reflects a change in what BMX is for. According to BitMart’s official description of BMX, the token was created around exchange-specific benefits, including discounted trading fees. BitMart also planned to use part of its profits to repurchase and burn BMX.
Both mechanisms depend on an operating platform. Trading discounts lose their function when trading ends, while a buyback programme tied to company profits becomes less meaningful when the underlying business is being closed.
BMX will continue existing as an ERC-20 token after BitMart closes. The wind-down notice attaches no purpose to it, saying nothing about future buybacks, remaining exchange benefits or other token-related programmes.
The Difference Between a Token and a Share An exchange token may offer fee discounts, staking rewards, access to launches or benefits funded by platform revenue, which ties its value closely to the growth and activity of the issuing exchange.
Ownership in the company is a separate matter. Holding BMX gives its owner no direct claim on BitMart’s cash, customer base, technology or remaining assets during the wind-down, based on the exchange’s published utility description.
Token holders gain when trading activity and exchange revenue expand. They hold none of the legal protections or residual claims available to shareholders if the business closes.
BitMart’s decision comes only days after BitMEX published a separate closure timetable, with trading scheduled to end in September 2026. The same dynamic played out there: BMEX fell 92% while Bitcoin open interest on BitMEX had declined 96% from its 2024 peak, showing that both the token’s utility and the exchange’s trading relevance had already weakened sharply.
BitMEX is also facing a proposed lawsuit involving allegations of theft and insider trading. The complaint arrived during the shutdown period, though the available evidence does not establish that it caused the exchange’s decision to close.
Five Ways an Exchange Leaves the Market The history of failed and discontinued crypto exchanges is often presented as one long list, though the causes differ substantially:
Security failure: Assets are stolen through an external breach or internal compromise. BitGrail closed in 2018 after a large Nano theft, while Cryptopia was hacked in January 2019 and entered liquidation four months later. Insolvency: The exchange cannot meet its obligations. Mt. Gox stopped operating in 2014 after a major theft contributed to its collapse. Fraud: Customer assets or company records are deliberately misused. FTX collapsed in 2022 after customer deposits were misappropriated, leading to the conviction of founder Sam Bankman-Fried, while Thodex ended in 2021 and BitConnect in 2018. Regulatory shutdown: Authorities prevent the platform from continuing. BTC-e was seized by law enforcement in 2017 over its role in processing criminal funds. Commercial exit: Declining revenue, volume or strategic relevance makes continued operation unattractive. LocalBitcoins stopped active trading in 2023 after years of falling volume, and DMM Bitcoin transferred customer accounts and assets to SBI VC Trade in 2025. BitMart currently belongs in the final category based on the information it has disclosed. The company has announced an organised exit and kept withdrawals available.
Former Global CEO Nenter Chow added a detail that sits awkwardly with that reading. In a statement posted to X, he said his employment was terminated on July 24, two days before the closure notice, and that he was neither consulted about nor informed of the decision, learning of it when it became public. He urged users to rely on BitMart’s official channels and act on the notice without delay.
I want to clarify my position regarding BitMart’s notice on 26 July 2026 concerning the orderly wind-down of its trading platform operations.
On 24 July 2026 I was informed that my employment as Global CEO was being terminated and that my offboarding would begin immediately. I…
— Nenter (@50Nent) July 26, 2026
BitMart has not publicly responded to the statement, which is Chow’s own account. It establishes no cause for the closure, though it places the decision above the level of the company’s chief executive and suggests ownership rather than management drove the timing.
That classification could still change if new evidence emerges. The absence of a detailed financial explanation leaves the precise commercial reason unknown, and speculation is not a substitute for it.
Eight Years Put BitMart Above the Median BitMart was founded in 2017 and began developing its trading business in 2018. By July 2025, the company said it had served more than 10 million users across over 200 countries and regions. A year later, it is leaving the market.
Eight years of operation placed BitMart in the upper quarter of the industry’s survival record. Across 33 notable exchange closures since 2012, the median lifespan is four years:
Fourteen of the 33, or 42%, closed within three years. Bitcoinica and Altsbit lasted under twelve months. Six lasted exactly two years, among them TradeHill, Bitfloor and FCoin. Only eight, or 24%, reached eight years or more. Four survived a decade: LocalBitcoins, KUNA, Zondacrypto and BitMEX. 2026 has already produced more of those closures than any year in the set. Zondacrypto, Bitcom, AscendEX, BitMEX and BitMart have all announced exits with the year barely half finished, against a previous high of four in 2019.
The 2026 group is also unusually old. Its five members averaged more than nine years of operation against the four-year median, and two of them, Zondacrypto and BitMEX, tie for the longest-running exchanges on the list at twelve years each. This year’s exits cluster among established platforms.
The list mixes causes as much as durations. It contains Mt. Gox’s insolvency, BitConnect’s fraud and LocalBitcoins’ voluntary wind-down, and lifespan alone cannot separate them. Surviving a decade proved nothing about surviving an eleventh year.
An exchange remains an operating company regardless of its age, requiring recurring trading activity, sufficient fee revenue, banking access, secure custody, regulatory permission, competent management and enough customer trust to keep assets and orders on the platform. A company can continue processing trades while several of those foundations deteriorate, and users often see the formal closure notice only after management has spent months assessing whether the business remains viable.
How to Exit Before the Deadline BitMart’s timetable is preferable to an exchange abruptly freezing withdrawals or entering bankruptcy without warning. FTX shows what that alternative costs. It collapsed in November 2022, creditor repayments only began in February 2025, and the estate is still running distributions in 2026. Those creditors are repaid against claim values fixed at November 2022 prices, so passing 100% of a claim still leaves a Bitcoin holder short of the coins they deposited.
BitMart customers have been given time to close positions, redeem products, download records and transfer assets. Waiting until the final deadline remains the weakest option available.
The exhcnage warns that withdrawal requests may require identity checks, source-of-funds documentation, address verification, sanctions screening and Travel Rule reviews. Processing may also slow because of network conditions or a large number of simultaneous requests.
The exchange has separately warned users about scams offering paid priority withdrawals, account unfreezing or faster processing. BitMart says it will not request passwords, authentication codes, private keys or recovery phrases through private messages.
The practical response is administrative:
Review all spot balances and open derivatives positions. Redeem eligible staking, lending and Earn products. Complete required identity and security verification early. Confirm the correct blockchain and destination address. Download trading, deposit and withdrawal records. Use only BitMart’s official website and support channels. None of these steps require predicting whether BMX will recover or whether BitMart could reverse its decision. They reduce dependence on systems that are being progressively switched off.
What “Not Your Keys” Actually Means The phrase “not your keys, not your coins” is sometimes used as a blanket rejection of centralised services. Its precise meaning is narrower: cryptocurrency held on an exchange depends on that exchange’s systems and willingness to process withdrawals.
The user holds an account balance and a claim against the platform. The exchange holds the private keys needed to move the underlying blockchain assets.
Self-custody removes that continuing counterparty exposure. The cost is personal responsibility for private keys, backups, addresses and transaction security.
BitMart’s closure shows why the distinction matters. Even during an orderly wind-down, users must follow the platform’s deadlines, pass its reviews and wait for it to approve and broadcast withdrawals. Someone already holding assets in a self-controlled wallet depends on none of that.
BitMart may complete its wind-down cleanly and return every remaining balance. Even in that outcome, the BMX collapse and the withdrawal timetable show how quickly the relationship changes once the company behind the market decides to leave it. The tokens survive on-chain. The route to them closes with the company.
Disclaimer: This article is for informational and analytical purposes only and does not constitute financial, investment or legal advice. Users should review BitMart’s official announcements and verify all withdrawal instructions through the exchange’s authorised channels. Author
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
Israeli Prime Minister: This visit to the US aims to understand the US President’s views on the Iran issue.
Israeli Prime Minister Benjamin Netanyahu said in an interview that the conflict between Israel and Iran will only end when Iran’s current regime is overthrown or so weakened that it is forced to abandon its nuclear program. He emphasized that Iran’s nuclear program must be terminated "regardless of whether an agreement is reached". When discussing the planned meeting with U.S. President Donald Trump, Netanyahu noted that the meeting will not focus on delivering new intelligence, as the military and intelligence agencies of the U.S. and Israel are already in close cooperation. He stated that the purpose of the trip is to discuss with Trump and understand his thinking, adding that the development of the situation largely depends on Trump’s final decision. In addition, Netanyahu also commented on the U.S.-Saudi nuclear deal. He expressed agreement with Trump’s stance that "Saudi Arabia can only access a civilian nuclear deal", and stressed that both Israel and the U.S. will never allow Saudi Arabia to possess a military nuclear program. Netanyahu also said he will "definitely" attend the United Nations General Assembly to be held in New York in September. (CCTV News)
3 hours ago
Lido Responds to stETH Yield Calculation Anomaly: Issue Fixed, Oracle Upgraded, User Funds Unaffected.
Ethereum staking protocol Lido stated on X that today’s stETH rebase has been completed as expected, with ETH rewards omitted yesterday due to calculation gaps now fully restored. The corresponding annual percentage rate (APR) stands at approximately 2.29%. The protocol’s oracle has also been updated and audited; the new version will boost report processing speed and enable faster root cause identification for similar future issues. Regarding yesterday’s reward calculation anomaly, Lido said contributors are still conducting root cause analysis, with additional investigation details to be shared on its official forum and social media channels. User funds were never at risk throughout the entire incident. The initial assessment points to a special edge case as the likely cause: a validator in pending deposit status was omitted from yesterday’s reward report, resulting in some staking rewards not being included in calculations. Lido noted that a full incident post-mortem report will be released in the coming days to further detail the root cause, remediation measures, and subsequent improvement plans.
3 hours ago
On Robinhood Chain, on-chain speculation remains active, with multiple tokens hitting new market cap highs today.
According to GMGN market data, hype on Robinhood Chain remains active, with multiple tokens hitting new all-time highs (ATH) in market capitalization today. Among them: PONS, the largest token issuance platform on Robinhood Chain by market cap, briefly exceeded $56 million, and is now trading at $52.47 million, marking a new ATH with a 24-hour gain of 31.88%. BRODIE, a meme token in the PONS ecosystem, broke through $6 million in market cap, also hitting a new ATH, with a 24-hour surge of 151.7%. STONKBROKER, an RWA + meme project token, surpassed $15 million in market cap, also hitting a new ATH, with a 24-hour increase of 29.61%. BlockBeats reminds users that related tokens are highly volatile, so investors should exercise caution.
3 hours ago
Founder of Mango Labs: Has gone long on Changxin Technology, calling it a rare 1:5 leverage trading opportunity.
Mango Labs founder @dov_wo shared his market views, noting he has gone long on Changxin Technology, calling it a rare 1:5 risk-reward opportunity with a 20% downside and 100% upside, a 5-to-1 payout. @dov_wo outlined his bullish thesis as follows: low float ratio, regulatory tailwinds, and institutional optimism for its investment opportunity at a market cap below $3 trillion. He advised on the strategy: if Changxin gaps up tomorrow, close the position to lock in profits directly; if it gaps down then rallies, wait patiently and wrap up the trade within 3 days.
3 hours ago
WEMIX confirms security incident: Contract ownership may have been compromised, reminds users to exercise caution when trading
The WEMIX team has issued an announcement stating it is urgently investigating a potential security incident involving the WEMIX 3.0 network. Signs have emerged indicating that the network’s contract ownership may have been compromised. The relevant team is verifying the facts and assessing the incident’s impact scope, and will release investigation findings and follow-up response measures promptly as the probe progresses. Ahead of further official updates, WEMIX is reminding users to exercise caution with unconfirmed information and remain highly vigilant when trading or investing in related assets.
3 hours ago
Jiang Zhuoer: Changxin Memory will likely hit its all-time high on its first day of trading, and recommended pairing it with hedging operations on Hyperliquid.
Jiang Zhuoer, founder of BTC.TOP (B.TOP), posted that Changxin Memory will likely open higher, surge then pull back, hitting its all-time high on the first trading day. The ideal play is to buy at the A-share opening, sell during the midday H-share-driven rally, then sell on A-share and buy back on H-share the next day to square positions. Without H-share exposure, investors will be trapped by the T+1 trading rule, possibly holding the stock for a lifetime just like PetroChina.
Crypto exchange BitMart has begun winding down its trading platform, gradually suspending new registrations, deposits and orders ahead of a full trading halt on Aug. 26.
In a notice published at 9:40 p.m. ET Saturday, the exchange said the decision followed an evaluation of its operating conditions, market environment and future strategic direction.
All spot, futures and other trading services will stop at 01:00 UTC on Aug. 26. BitMart plans to cease trading platform operations at 15:59 UTC on Jan. 31, 2027, after which users will keep login access for a period to view records and submit withdrawal requests.
Withdrawals remain available, with BitMart recommending that users close their positions by 01:00 UTC and submit withdrawal requests by 05:00 UTC on Aug. 26. Requests made after that recommended timeframe will be transferred to a separate processing procedure, while some withdrawals may face additional identity, source-of-funds, sanctions or security reviews.
BitMart also began placing futures accounts in reduce-only mode and stopping the acceptance of new spot orders. Copy trading, grid trading and API trading are being discontinued in phases, along with BitMart Earn, staking, lending and Launchpad products.
BMX, the exchange's token, traded near $0.066 on Sunday morning, down nearly 60% over 24 hours, according to CoinGecko data.
CEO says he was not consulted Following the announcement, global CEO Nenter (Nathan) Chow said on X that the company told him on July 24 that his employment was being terminated and that his offboarding would begin immediately.
Chow said he had played "no role in the management or decision-making of the company" since that date, was not consulted on the wind-down, and learned of it when it became public. He said he had not been given a confirmed final date for his departure and would not comment further.
Chow said his concern is for BitMart's users and employees, and told customers to rely only on the exchange's official channels and to act on the notice without delay. BitMart had not publicly addressed Chow's statement as of publication.
Chow joined BitMart from Animoca Ventures, where he was a partner, and was appointed global CEO in April 2025 when founder Sheldon Xia moved to group president.
Abrupt reversal The wind-down marks a reversal from BitMart's public messaging earlier this month. In a first-half report, BitMart said assets under management in its asset-management business grew approximately 256% period-over-period, while Chow outlined plans to expand the exchange's prediction markets, tokenized asset offerings and regulatory footprint.
"BitMart is eight years old this year," Chow said in the report. "We intend to be here for the next eight, and we are building accordingly."
Only a month earlier, BitMart said it had secured an Australian Financial Services Licence and planned to expand its local compliance, legal and operations capabilities. At the time, the company said it served more than 13 million users in more than 180 countries and territories. The wind-down announcement did not explain what had changed since either statement.
In a statement dated May 23, BitMart said online claims that users could not withdraw stemmed from its risk system intercepting 239 linked accounts that it accused of farming platform activity subsidies through abusive trading. It said all operations were running normally.
In that statement, BitMart said it would publish a proof-of-reserves report once security and risk-control considerations were addressed. Its website did not appear to contain a subsequent full report as of Sunday, though the exchange previously disclosed several hot-wallet addresses.
BitMart previously suffered a $150 million hot-wallet hack in December 2021. The Block later reported that the exchange's parent company won an arbitration award tied to a separate $6 million attack involving the Bitcoin SV blockchain.
The shutdown comes three days after BitMEX announced that it would close permanently on Sept. 23 following a strategic review. Binance co-founder Changpeng Zhao described BitMart's announcement as "tough times (again)" in an X post and said the process appeared to be an orderly wind-down.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
The exchange gave no specific reason for the closure, and its BMX token fell about 59% in 24 hours after the announcement.
BitMart, a cryptocurrency exchange, said Saturday it will begin an orderly wind-down of its trading platform, halting all trading on Aug. 26 and ceasing operations entirely on Jan. 31, 2027. The exchange attributed the decision to "a careful evaluation of the Company's operating conditions, market environment, and future strategic direction," offering no further detail.
BitMart's BMX token traded near $0.0663, down about 59% over 24 hours and roughly 79% over seven days, cutting its circulating market capitalization to about $22.5 million.
New registrations, deposits, and new trading orders began to be suspended from 01:30 UTC on Sunday, according to the notice. All trading services are due to be discontinued on Aug. 26 at 01:00 UTC, and platform operations will officially cease on Jan. 31, 2027, at 15:59 UTC.
The exchange said withdrawal services will remain available and urged users to close positions, complete KYC if needed, and withdraw assets as early as possible. BitMart warned that withdrawal requests may face additional review covering identity verification, device and IP checks, withdrawal-address screening, source-of-funds questions and sanctions checks, and that processing could stretch if request volumes spike.
BitMart operated for nine years and recently reported about $1.6 billion in 24-hour trading volume. The outlet also reported that BitMart lost about $196 million to a hot-wallet breach in December 2021 and covered customer losses at the time.
The closure is the second crypto exchange wind-down announced this week. BitMEX, a perpetual-futures venue, said Thursday it would shut down after 11 years, ending operations by Sept. 23.
Two leases totaling almost 57,000 square feet at SL Green’s 1185 Sixth Ave. were just signed, bringing the 1.1 million square-foot tower between West 46th and 47th streets to about 92% full.
One lease was a 29,166 square-foot renewal and expansion for insurance firm Ryan Specialty LLC, while the other was a new, 27,508 square-foot lease with property management firm Solil Management LLC.
SL Green leasing director Steven Durels said, not surprisingly, “We’re delighted to have both of these highly regarded firms as part of the building’s premier tenant roster.”
The highrise has reached 92% occupancy. Stefano Giovannini The tower recently saw major improvements including for the lobby, elevators and corridors.
Moroccanoil, a luxury and body-care company, recently signed a lease for 37,000 square feet, moving from 135 E. 57th St. which is being converted to apartments.
Other major tenants at 1185 Sixth include Syska Hennessey, Industrial & Commercial Bank of China and Hartree Partners.
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