Boardwalk, a protocol built around fee protection and transparent token economies, has flipped the switch on its BMX-to-BWLK migration module. The tool, now live on the project’s website, lets eligible holders of BMX tokens on Base convert them into staked BWLK tokens on Ethereum at a clean 1:1 ratio.
How the migration works BMX holders connect to the migration module, submit their tokens, and receive staked BWLK in return. The 1:1 exchange rate removes guesswork.
Boardwalk first announced the migration on July 15, followed by a timeline confirmation on July 20. The module itself went live on July 23, sticking to the announced schedule.
The migration window will remain open for approximately six months.
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BWLK is being deployed across multiple platforms, including Ethereum, Base, Robinhood, and Arbitrum. Native liquidity incentives are part of the rollout, designed to bootstrap trading activity across these venues.
The supply math behind BWLK BWLK was originally launched through a Uniswap Continuous Clearing Auction, or CCA. The initial planned supply was 3,150,000 tokens.
Boardwalk burned 160,222 tokens, bringing the current total supply down to 2,989,778 BWLK — about 5% of the planned supply permanently removed before the migration module went live.
The burn aligns with Boardwalk’s stated focus on maintaining a “balanced supply” while keeping its community actively involved in governance decisions. The project has implemented public snapshot reviews and staked token distributions as part of this framework.
Why cross-chain migrations matter The inclusion of Robinhood in the deployment list is particularly notable. Robinhood’s crypto platform caters to retail users who may never interact with a DEX or bridge, opening BWLK to an audience outside traditional DeFi.
Boardwalk has been sharing official links through its Discord and other community channels specifically to help users avoid scam contracts that impersonate migration tools.
The staked nature of the received BWLK tokens means migrated tokens are immediately put to work within the protocol’s staking mechanism. Holders should understand any lock-up periods or unstaking delays before committing.
What this means for investors For existing BMX holders, the migration offers six months to convert at a guaranteed 1:1 rate into a token with a current supply of 2,989,778 — live on Ethereum, Base, Arbitrum, and Robinhood.
A supply of just under 3 million tokens is already quite small by crypto standards. Thin order books on a low-supply token can lead to violent price swings in either direction.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Brian Armstrong, Coinbase CEO, said the SEC settlement agreement is a huge win for crypto. (Jesse Hamilton/CoinDesk)Summary
The Securities and Exchange Commission agreed to pay $150,000 and produce remaining records to settle a FOIA lawsuit over its investigations into Ethereum.History Associates Inc., working on behalf of Coinbase, had sued in June 2024 after the SEC failed to fully respond to records requests about Ethereum’s shift to proof-of-stake and earlier crypto enforcement actions.The case, which forced the SEC to turn over thousands of documents and revealed the deletion of texts and data from phones of top officials including Gary Gensler, will be dismissed once final production is complete.The U.S. Securities and Exchange Commission (SEC) agreed to pay $150,000 to settle a federal Freedom of Information Act (FOIA) lawsuit over its investigations into Ethereum, according to a joint status report filed July 22.
History Associates Inc. and the SEC asked the U.S. District Court for the District of Columbia to dismiss the case after reaching a settlement deal. Under the agreement, the agency will produce the remaining responsive documents and pay the flat fee to cover the plaintiff's legal fees.
History Associates, which provides professional historical research, writing and archival services to government agencies, filed the lawsuit in June 2024. Working on behalf of Coinbase, the firm had submitted three public records requests the year before. Those filings sought documents on SEC investigations into Zachary Coburn and Enigma MPC, along with records on how Ethereum shifted to a proof-of-stake system.
The lawsuit compelled the SEC to hand over thousands of documents, with the court explicitly ordering the agency to prioritize all records and communications sent, received or evaluated by then SEC Chair Gary Gensler concerning Ethereum's migration from a proof-of-work blockchain to a proof-of-stake network.
The document fight stalled in September 2025 as the SEC’s Inspector General reported that the agency accidentally deleted Gary Gensler’s text messages from October 2022 to September 2023. Later court updates showed the agency wiped 21 phones belonging to top officials, of which five belonged to the same staff members targeted in the Coinbase case. The SEC told the National Archives about the deleted phones in July 2025.
Brian Armstrong, Coinbase CEO tied the ruling it to an FDIC case around buried evidence during the 2023 banking crisis.
“The Gensler SEC deleted texts at the height of the anti-crypto campaign, FDIC buried evidence - it was all uncovered after we fought to expose the truth,” he wrote in a post on X. “This is not only for us, but for every American and every American company expecting transparency and accountability from the government.”
The dismissal brings to a close more than two years of litigation over the document requests. Once the SEC completes production of the remaining records, the case will be formally dismissed.
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Crypto Flows, Share and the Selective Rotation
Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Jul 22, 2026
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
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.
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BitMine Immersion Technologies has gone from staking 0.41 million ETH to over 4.9 million, catapulting its annualized revenue from roughly $34 million to an estimated $244 million. For a company that used to be known primarily as a Bitcoin miner, that’s quite the career change.
The NYSE-listed firm (ticker: BMNR), co-founded by Fundstrat’s Tom Lee, now holds approximately 5.77 million ETH tokens. That’s about 4.8% of Ethereum’s entire circulating supply, making BitMine the largest corporate Ethereum treasury on the planet, valued at roughly $11.1 billion at recent prices.
From pickaxes to proof-of-stake BitMine’s pivot began around June 30, 2025, when the company restructured its operations to focus almost entirely on ETH accumulation and staking.
The vehicle for this transformation is MAVAN, BitMine’s proprietary validator network built to handle large-scale staking operations. Over 85% of the company’s ETH holdings, more than 4.9 million tokens, are now actively staked through this infrastructure.
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In the fiscal quarter ended May 31, 2026, BitMine reported total revenues of $46.5 million, a 22x increase year-over-year. Ethereum staking contributed $45.7 million of that total, representing 98% of all revenue.
Annualized projections for staking revenue land somewhere between $235 million and $284 million, depending on yield assumptions.
The Alchemy of 5% BitMine has branded its accumulation strategy the “Alchemy of 5%,” targeting ownership of 5% of Ethereum’s total supply. At 4.8%, they’re essentially there already.
The institutional backing behind this bet is notable. ARK Invest, Founders Fund, and Pantera are all counted among BitMine’s investors.
BitMine’s approach mirrors what MicroStrategy (now Strategy) did with Bitcoin, but with a critical difference. Staked ETH generates yield. Bitcoin sitting in a corporate treasury does not.
The risks no one wants to talk about Accumulating nearly 5% of any asset’s supply creates concentration risk that cuts both ways. BitMine’s position is large enough to influence staking yields across the Ethereum network, and any forced selling, whether due to regulatory pressure, operational issues, or liquidity needs, could move the market in ways that would hurt the company itself.
One specific concern worth flagging: BitMine has entered a decade-long partnership agreement with Ethereum Tower. The details of that arrangement raise questions about how easily BitMine could exit its staking positions if circumstances required it.
There’s also the yield compression issue. As more capital flows into Ethereum staking, rewards per validator trend downward. The difference between the low and high end of their annualized revenue estimate, $235 million versus $284 million, essentially reflects this uncertainty.
Slashing risk, while statistically rare for well-run validators, also scales with the size of the operation. Running thousands of validators through MAVAN means thousands of opportunities for something to go wrong, and at BitMine’s scale, penalties would translate into millions of dollars in losses.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Ether is becoming increasingly attractive from a valuation standpoint, particularly relative to Bitcoin, but onchain data suggests the market has yet to reach a definitive cycle bottom, according to CryptoQuant.
In its latest weekly report, the analytics company said Ether (ETH) is trading roughly 17% below its realized price, or the average onchain acquisition cost of all ETH in circulation, of about $2,300. Historically, ETH trading below its realized price has coincided with periods of market undervaluation and long-term bottoms.
Ether is also showing signs of improving relative to Bitcoin (BTC). CryptoQuant said that ETH’s market value-to-realized value (MVRV) ratio has retreated from extreme overvaluation, exchange inflows have declined, exchange-traded fund (ETF) holdings have begun to recover after months of weakness, and ETH/BTC spot trading volumes have fallen into a range historically associated with market bottoms.
CryptoQuant says two of five key ETH bottoming indicators have been confirmed. Source: CryptoQuant
Even so, only two of CryptoQuant’s five bottoming indicators have reached historical reversal levels. The remaining metrics are improving but have yet to reach the extremes that have marked previous cycle lows, suggesting Ethereum’s bottom may still be forming.
The report comes as Ether briefly climbed above $1,950 this week and Bitcoin topped $67,000, buoyed by optimism surrounding the US CLARITY Act. At the same time, some market analysts have pointed to the potential for capital to rotate out of richly valued AI stocks and back into crypto, a shift that could further support Ether if risk appetite broadens.
The ETH/BTC MVRV ratio has fallen from nearly 0.95 in August 2025 to around 0.65, signaling that Ethereum has become significantly cheaper relative to Bitcoin. Source: CryptoQuant
Ethereum supply tightens as exchange outflows and staking climbEthereum has shown several constructive onchain signals over the past month. During the week beginning June 29, withdrawal activity on Binance, the world’s largest crypto exchange by trading volume, climbed to its highest level in more than three years.
Analysts generally interpret sustained exchange outflows as a sign that investors are moving assets into self-custody or staking rather than keeping them on exchanges for potential sale, although such flows do not guarantee accumulation.
Meanwhile, a record 34% of Ethereum’s circulating supply is now staked, according to Staking Rewards. As Cointelegraph previously reported, higher staking participation reduces the amount of ETH readily available for trading, potentially easing short-term selling pressure if demand remains resilient.
Tom Lee’s Bitmine Immersion Technologies, the biggest corporate ETH holder, continues to accumulate Ether, boosting its holdings by 325,000 ETH over a one-month period, despite sitting on large unrealized losses. It has set a target to hold 5% of the second-biggest crypto.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Ether is becoming increasingly attractive from a valuation standpoint, particularly relative to Bitcoin, but onchain data suggests the market has yet to reach a definitive cycle bottom, according to CryptoQuant.
In its latest weekly report, the analytics company said Ether (ETH) is trading roughly 17% below its realized price, or the average onchain acquisition cost of all ETH in circulation, of about $2,300. Historically, ETH trading below its realized price has coincided with periods of market undervaluation and long-term bottoms.
Ether is also showing signs of improving relative to Bitcoin (BTC). CryptoQuant said that ETH’s market value-to-realized value (MVRV) ratio has retreated from extreme overvaluation, exchange inflows have declined, exchange-traded fund (ETF) holdings have begun to recover after months of weakness, and ETH/BTC spot trading volumes have fallen into a range historically associated with market bottoms.
CryptoQuant says two of five key ETH bottoming indicators have been confirmed. Source: CryptoQuant
Even so, only two of CryptoQuant’s five bottoming indicators have reached historical reversal levels. The remaining metrics are improving but have yet to reach the extremes that have marked previous cycle lows, suggesting Ethereum’s bottom may still be forming.
The report comes as Ether briefly climbed above $1,950 this week and Bitcoin topped $67,000, buoyed by optimism surrounding the US CLARITY Act. At the same time, some market analysts have pointed to the potential for capital to rotate out of richly valued AI stocks and back into crypto, a shift that could further support Ether if risk appetite broadens.
The ETH/BTC MVRV ratio has fallen from nearly 0.95 in August 2025 to around 0.65, signaling that Ethereum has become significantly cheaper relative to Bitcoin. Source: CryptoQuant
Ethereum supply tightens as exchange outflows and staking climbEthereum has shown several constructive onchain signals over the past month. During the week beginning June 29, withdrawal activity on Binance, the world’s largest crypto exchange by trading volume, climbed to its highest level in more than three years.
Analysts generally interpret sustained exchange outflows as a sign that investors are moving assets into self-custody or staking rather than keeping them on exchanges for potential sale, although such flows do not guarantee accumulation.
Meanwhile, a record 34% of Ethereum’s circulating supply is now staked, according to Staking Rewards. As Cointelegraph previously reported, higher staking participation reduces the amount of ETH readily available for trading, potentially easing short-term selling pressure if demand remains resilient.
Tom Lee’s Bitmine Immersion Technologies, the biggest corporate ETH holder, continues to accumulate Ether, boosting its holdings by 325,000 ETH over a one-month period, despite sitting on large unrealized losses. It has set a target to hold 5% of the second-biggest crypto.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Ethereum's latest technical setup has historically marked distribution endings as whales continue accumulating millions of dollars worth of ETH.
Ethereum has climbed by 16% over the past month and is now showing a technical setup that has historically been followed by strong price recoveries, according to crypto analyst Ali Martinez.
He found that ETH’s MVRV ratio is nearing a bullish crossover above its 160-day simple moving average (SMA).
Recovery Hints The MVRV Momentum measures the relationship between aggregate holder profitability and its medium-term trend line. Martinez explained that when the daily MVRV ratio moves back above the 160-day SMA, it indicates a shift out of capitulation and the beginning of a fresh accumulation phase. Interestingly, this is the first time the setup has emerged in 2026.
Over the past three years, crossovers above this level have consistently marked the end of distribution periods and preceded major rebounds in ETH’s price.
At the same time, large investors continue adding to their holdings. According to Lookonchain, an anonymous whale purchased 27,000 ETH worth $52.03 million through Galaxy Digital’s over-the-counter (OTC) desk after remaining inactive for three months.
Additionally, BSCN reported that BitMEX co-founder Arthur Hayes acquired another 644.34 ETH worth roughly $1.25 million, increasing his total purchases over the past eight days to 3,270 ETH. This follows his earlier $2.53 million ETH buy and comes alongside several other multi-million-dollar Ethereum purchases and staking activity reported earlier this week.
Prediction markets are also leaning bullish. In fact, Whale Insiders said Kalshi traders are forecasting ETH could climb as high as $3,210 this year.
You may also like: Franklin Templeton Exec Calls Agentic AI Crypto’s ‘Killer Use Case’ as ETH Nears $2K Ethereum Reclaims 10% Market Dominance as ETH Outperforms Top Cryptocurrencies Wrapped Ethereum Just Logged a Five-Year Whale Record: Here’s Why It Matters for ETH Separate data also showed that investors withdrew around 1 million ETH, worth nearly $2 billion, from centralized exchanges over the past 30 days, which pushed exchange balances to their lowest level in a decade. Declining exchange reserves typically reduce selling pressure and support a bullish outlook.
On the institutional front, spot Ethereum ETFs have recorded consistent net inflows this month, raking in over $380 million during this period.
Alternative Outlook Not all analysts share the same near-term outlook. Crypto analyst Nonzee, for one, argued that the crypto asset could still see one more rally before a deeper correction. He expects it to test $2,000, with a possible move to $2,200 if Bitcoin climbs to $70,000. However, he believes those levels would mark a bull trap rather than the start of a meaningful breakout.
According to the roadmap, Ethereum could spend seven to ten days in a distribution phase before falling into a final bottom zone between $1,300 and $900, which he considers the ideal accumulation range. Despite his bearish short-term outlook, Nonzee maintained a long-term price target of $7,000 for ETH.
Ether has drawn renewed interest among market observers as valuation metrics suggest it appears increasingly attractive compared with Bitcoin, according to the blockchain analytics firm CryptoQuant.
ETH lags realized price, key metrics signal possible undervaluationCryptoQuant reported that Ether (ETH) is currently trading approximately 17% below its realized price, which stands at around $2,300. The realized price reflects the average onchain acquisition cost for all ETH in circulation. Periods when Ether trades below this price have historically aligned with undervalued markets and long-term cycle lows.
The analytics company noted that key valuation indicators have shifted: ETH’s market value-to-realized value (MVRV) ratio has retreated from overvalued extremes, exchange inflows have declined, holdings by exchange-traded funds (ETFs) are recovering after months of sluggishness, and spot trading volumes for the ETH/BTC pair have settled into a range previously associated with prior market bottoms. These dynamics suggest a market that may be transitioning toward deeper value territory.
ETH’s market value-to-realized value ratio has pulled back from extreme highs, and trading volumes for the ETH/BTC pair have fallen into ranges that have historically marked long-term market bottoms, according to CryptoQuant’s report.
Despite improving fundamentals, only two out of the five ETH bottoming indicators tracked by CryptoQuant have confirmed historical reversal levels. The remaining three indicators, while trending positively, have not yet reached values that have marked previous cycle lows. This leaves open the possibility that Ethereum’s price bottom has not yet been set, according to the firm.
Over the past week, Ether briefly traded above $1,950 while Bitcoin surged to $67,000, fueled in part by market optimism regarding the US CLARITY Act. Market analysts have also speculated that capital could rotate from high-priced artificial intelligence stocks back into crypto assets, potentially favoring Ether if risk-taking increases in coming weeks.
The ETH/BTC MVRV ratio, which measures the relative value between Ethereum and Bitcoin, has declined from a high of nearly 0.95 in August 2025 to about 0.65. This move indicates that Ether has become considerably cheaper compared to Bitcoin in recent months.
Mini dictionary: MVRV ratio — The Market Value to Realized Value ratio is a key blockchain metric that compares the total market capitalization of a cryptocurrency with the value at which coins last moved onchain. It helps identify periods of overvaluation or undervaluation relative to historical trends.
DateETH/BTC MVRV RatioAugust 20250.95Current0.65Ethereum supply tightens as exchange outflows and staking climbOnchain data over the past month has revealed several positive signals for Ethereum, suggesting increasing investor confidence. During the week starting June 29, withdrawals from Binance, the largest global cryptocurrency exchange by trading volume, reached their highest point in over three years.
Market analysts interpret sustained outflows from exchanges as an indication that investors are transferring assets into self-custody or staking solutions rather than keeping them ready for sale. However, such trends do not guarantee accumulation but do reduce readily available supply on exchanges.
Staking Rewards, a crypto analytics platform, noted that a record 34% of Ethereum’s circulating supply is now locked in staking. Industry experts have pointed out that higher staking participation means less ETH is available for open market trading, which could limit short-term selling pressure if overall demand for the asset remains strong.
A record 34% of Ethereum’s circulating supply is being staked, limiting the amount available for trading and potentially easing near-term selling pressure if demand persists.
Bitmine Immersion Technologies, the top corporate ETH holder led by Tom Lee, has continued to expand its Ether holdings, despite facing significant unrealized losses. Over the past month, Bitmine increased its reserves by 325,000 ETH and has set a target to eventually hold 5% of the total circulating supply of the world’s second-largest cryptocurrency by market capitalization.
Mini dictionary: Bitmine Immersion Technologies — A company specializing in cryptocurrency mining and digital asset management, known for holding one of the largest corporate ETH portfolios in the sector.
HolderRecent AccumulationTotal TargetBitmine Immersion Technologies+325,000 ETH (Last Month)5% of ETH SupplyDisclaimer: 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.
A large Ethereum short on Hyperliquid is giving the market another glimpse of how serious capital is starting to use decentralized derivatives venues, not just centralized exchanges and OTC desks.
The position, tracked through the Hyperliquid explorer at wallet address `0x7fdafde5cfb5465924316eced2d3715494c517d1`, is sized at roughly $67 million against ETH. The wallet is labelled on-chain as “BobbyBigSize” and has been linked to quantitative institutional asset manager Fasanara Capital.
That sounds dramatic, and in some ways it is, but the important point is not simply that a large trader is short ETH. Large funds short assets all the time, and a short position does not automatically mean a trader is bearish in a simple, headline-friendly way.
The more interesting part is where the trade is happening.
Hyperliquid has become one of the most closely watched decentralized perpetuals exchanges in the market, and a position of this scale shows that on-chain derivatives venues are no longer only playgrounds for retail traders chasing leverage. They are becoming deep enough, and visible enough, for institutional-style positioning to show up in public.
TL;DR A Hyperliquid wallet linked to institutional trading activity is carrying a roughly $67 million ETH short. The position is visible through Hyperliquid’s on-chain explorer. The trade should not be read as simple ETH doom, because institutional shorts can be part of hedged or market-neutral strategies. A Big ETH Short Does Not Always Mean A Bearish Bet The instinctive read is obvious: large ETH short equals bearish Ethereum signal.
But that is too simple.
An institutional trader can short ETH for many reasons. It may be a directional bet, but it may also be a hedge against spot holdings, an offset against options exposure, part of a basis trade, or one leg of a broader market-neutral strategy. Funds that run quantitative books often care less about “ETH up or down” and more about relative pricing, funding rates, liquidity, volatility, and the relationship between spot and perpetual markets.
That is why this position needs to be handled carefully.
A $67 million short is large enough to watch, but it does not tell us the full book. We do not know, just from the short alone, whether the trader has long ETH somewhere else, whether they are hedging collateral, or whether they are running a spread trade across venues.
That is the difference between on-chain transparency and complete transparency. The position is visible, but the entire strategy is not.
Hyperliquid Is Becoming Harder To Ignore The venue is almost as important as the trade.
Hyperliquid has grown quickly because it offers a trading experience that feels closer to a high-performance centralized exchange than many earlier DeFi derivatives platforms. Fast execution, deepening liquidity, and a familiar perpetuals interface have helped it attract traders who may not normally spend much time on-chain.
That creates a different kind of market.
In earlier DeFi cycles, large traders often used decentralized venues for yield, liquidity mining, or niche token access, while serious derivatives flow remained mostly centralized. Hyperliquid has challenged that split. If large, professional traders can execute meaningful size on-chain, decentralized exchanges start to compete for a more valuable part of the market.
And because positions are visible, the market gets a new kind of signal.
Centralized exchange positioning is often inferred through funding rates, open interest, liquidation data, and exchange-reported metrics. On-chain perpetuals can expose wallet-level behavior more directly, although attribution still needs caution.
That visibility can make big trades feel more dramatic, but it also gives analysts more to work with.
ETH Traders Will Watch Funding And Liquidation Levels The short itself may become a reference point for ETH traders.
When a large position is visible, market participants often begin watching potential liquidation levels, funding changes, and whether the trader adds or reduces exposure. That can create its own feedback loop, especially if the position becomes part of the social trading conversation.
Still, it would be a mistake to assume the market can simply “hunt” a large institutional short.
Professional traders usually manage collateral, hedges, and risk carefully. If this position is part of a broader strategy, the visible short may only be one side of the trade. Trying to read it as a single vulnerable bet could lead to bad conclusions.
What matters more is that Ethereum derivatives activity is increasingly moving into venues where the market can observe it in real time.
That is a structural shift.
On-Chain Derivatives Are Growing Up Crypto has spent years arguing that finance will move on-chain, but derivatives have always been one of the hardest areas to migrate.
They require deep liquidity, strong risk engines, fast matching, reliable oracles, collateral management, and trader confidence. A venue can be decentralized in branding, but if it cannot handle size, serious traders will not use it.
Hyperliquid’s growth suggests that gap is narrowing.
The $67 million ETH short does not prove decentralized perpetuals have won, and it certainly does not prove Ethereum is about to fall. But it does show that institutional-style trades can now appear on-chain in a way that would have looked unlikely a few years ago.
That is the larger story.
The market is not just watching ETH price. It is watching where ETH risk is being traded.
If more large funds become comfortable using on-chain derivatives venues, the structure of crypto trading could keep shifting away from centralized exchanges alone and toward a more open, visible, and wallet-level market.
That may be uncomfortable at times, especially when large positions become public. But it is also exactly what on-chain finance was supposed to make possible.
This article is based on Hyperliquid explorer data for the relevant Ethereum short position.
This article was written by the News Desk and edited by Samuel Rae.
Robinhood CEO Vlad Tenev’s X account was hacked by people promoting a memecoin they claimed was the chain’s official mascot. This comes as the new Ethereum layer-2 network continues to generate a lot of buzz among traders, with the chain currently among the top networks in terms of revenue.
Hackers Hack Robinhood CEO’s X Account To Promote Memecoin In a now-deleted X post, the hackers promoted the Vladhood memecoin, which they said was the official Robinhood chain mascot. The hackers also stated that the meme coin would be listed on the Robinhood app.
Source: X “More importantly, we believe this is another step toward bringing more attention to Robinhood Chain, which remains our primary focus for Q3 and Q4,” the post read. It is worth noting that the memecoin was created just minutes before the post.
The Vladhood meme coin surged to a high of around a $10 million market cap. Onchain data shows that insiders have cashed over $1 million in profits. Meanwhile, the token is currently trading above a $4 million market cap even though the post has been deleted.
The Robinhood chain launched earlier this month and instantly generated a lot of buzz with the Cashcat meme coin. The chain has also seen a lot of activity, partly thanks to meme coin trading on the network. As CoinGape reported, Bernstein also raised their price target for the HOOD stock, citing potential revenue from the chain.
Exchange Confirms Hack Robinhood also confirmed the hack in an X post, stating that Vlad Tenev’s X account was compromised. “We’re working with X to restore access, and the post has been removed,” the exchange added.
🚨Heads up: Our CEO Vlad Tenev’s X account was compromised and posted a fake promotion for a meme coin.
We’re working with X to restore access and the post has been removed.
— Robinhood Comms (@RobinhoodComms) July 23, 2026
DeFiLlama data shows that the Robinhood chain currently ranks third in terms of revenue. The network has earned $1.1 million over the last seven days and $2.11 million since it launched earlier this month.
Meanwhile, the network’s total value locked (TVL) currently stands at $309 million, up over 3% in the last 24 hours.
For more information on trading stocks, please check out our page on Best Platforms to Trade Tokenized Stocks
Ethereum held above $1,900 for four consecutive daily closes, a streak last recorded more than one month ago.
At press time, Ethereum [ETH] traded around $1,914 after declining 0.79% over 24 hours. As ETH defended this level, two large buyers added over 30,000 tokens through separate transactions.
Why are Ethereum whales buying? According to Lookonchain, a whale bought 27,000 ETH worth $52.03 million through Galaxy Digital OTC. The transaction followed three months of wallet inactivity, marking a notable return to the market.
However, one purchase cannot confirm that the whale expects Ethereum’s broader downturn to be over.
Lookonchain also reported that Arthur Hayes bought another 644.34 ETH worth $1.25 million. The purchase lifted his eight-day accumulation to 3,270 ETH, acquired for approximately $6.27 million.
Together, both transactions reflected renewed demand from large buyers as Ethereum held above $1,900.
Source: CoinGlass Ethereum’s Spot Netflow turned negative after remaining positive for five consecutive days. At press time, Spot Netflow stood near -$16 million, indicating that more ETH left exchanges than entered.
Exchange withdrawals may reduce immediately available selling supply, although they do not guarantee continued price gains.
Are institutions buying Ethereum too? U.S. Spot Ethereum ETFs also recorded improving demand during the week.
Verified data for the 21st of July showed $37.47 million in Net Inflows, extending the streak to three sessions. BlackRock’s ETHA attracted $52.79 million, while Fidelity’s FETH recorded $15.32 million in Net Outflows.
Source: SoSoValue These flows showed renewed institutional interest, although three positive sessions cannot establish long-term positioning.
Ethereum’s Bulls versus Bears indicator reportedly remained positive for three weeks and reached 62. However, this reading requires the original TradingView chart before publication.
Source: TradingView The Moving Average Convergence Divergence [MACD] reportedly continued rising, suggesting that bullish momentum had improved. This signal also requires chart verification because its timeframe and settings were not provided.
If whale demand and ETF inflows continue, ETH could retest the psychological resistance around $2,000. A sustained move above that level would offer stronger confirmation than wallet activity alone.
Final Summary A whale bought 27,000 ETH, while Arthur Hayes lifted his eight-day accumulation to 3,270 ETH. Ethereum could retest $2,000 if whale demand, ETF inflows, and negative Spot Netflow continue.
Ethereum price today: $1,880Ethereum shaved 3% off its market cap on Thursday following an increase in open interest and brief negative funding rate flip.Four consecutive days of inflows into US spot ETH ETFs indicate continued recovery in institutional demand, but spot sentiment in the region has yet to flip positive.ETH fails to clear the 100-day EMA overhead.Ethereum (ETH) is hovering slightly below the $1,900 level, down 3% on Thursday following a slight expansion in derivatives interest.
The top altcoin's open interest has increased to 14.60 million ETH, marking a 600K ETH increase over the past two days and its highest level since June 7.
Open interest is the total worth of outstanding contracts in a derivatives market. Earlier in July, when ETH began its recovery, OI remained flat before the slight rise this week.
ETH Open Interest. Source: CoinglassA similar trend is noticed in the Estimated Leverage Ratio (ELR), which has largely remained flat before a slight rise over the past week.
The ELR measures an asset's open interest compared to its exchange reserves to give a view of the amount of leverage traders are using relative to spot pressure.
ETH Estimated Leverage Ratio. Source: CryptoQuantFunding rates have also been largely positive throughout the month but have begun to ease this week and briefly flipped negative on Thursday, the first time since June 29. Funding rates are periodic payments between long and short traders in perpetual futures markets to keep a contract's price aligned with its underlying spot counterpart.
Funding Rates. Source: CoinglassThe returning leverage could help expand ETH's recent rise, but emerging signals of a negative flip in funding rates also bring a price squeeze into the picture.
Meanwhile, on the institutional side, US spot ETH exchange-traded funds (ETFs) continued their positive streak, recording $72.64 million in net inflows on Thursday, according to SoSoValue data. The move marks a fourth consecutive day of net inflows for the products.
While US institutional interest is recovering, spot traders' sentiment in the region has yet to flip positive. The Coinbase Premium Index, which tracks sentiment among traders in the region, has remained in negative territory for nearly three months. A sustained move into positive territory could spread bullish sentiment into other regions.
ETH Coinbase Premium Index. Source: CryptoQuantEthereum Price Forecast: ETH falters before 100-day EMA againEthereum recorded $41.55 million in liquidations over the past 24 hours, led by $34.40 million in long liquidations, per Coinglass data.
On the daily chart, ETH is holding a constructive short-term tone as it remains above both the 20- and 50-day Exponential Moving Averages (EMAs) at $1,837 and $1,829. However, the upside remains challenged by a broader downtrend, with the 100-day EMA at $1,937 acting as a key overhead barrier, while momentum gauges remain supportive.
The Relative Strength Index (RSI) and Stochastic have eased toward 57 and 66, respectively, both hinting at steady but not extreme buying pressure.
On the topside, initial resistance emerges at the horizontal level of $1,909, ahead of the 100-day EMA at $1,937, with further bullish extension targeting $2,018 and then $2,107, where a denser supply zone begins toward $2,211 and $2,388.
ETH/USDT daily chartOn the downside, immediate support comes from the 20- and 50-day EMAs, followed by a more established floor at $1,806. A deeper pullback would expose $1,741, while only a break below $1,524 would seriously undermine the current constructive bias toward higher levels.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Santiment's Warning Plays OutOn-chain analytics firm Santiment flagged $DOGE in its weekly anomaly report, labelling it "hype without news." Social sentiment had climbed to +12.09 while price coiled in a tight range between $0.071 and $0.073, a pattern the firm described as a warning sign rather than a setup for a breakout. The key level to watch was clear: a daily close below $0.071 would hand momentum to sellers.
That line broke on July 23. Emotionally-traded assets like Dogecoin can flip direction fast , and this session was a reminder of exactly that. $DOGE slid to around $0.069, down nearly 5% on the day and the worst performer among the top 10 cryptocurrencies by market cap.
Oil Above $100 Did the DamageThe trigger was macro, not crypto-specific. Oil prices climbed back above $100 a barrel after Houthi militants claimed attacks on two Saudi tankers in the Red Sea, sending Brent crude futures up 7%. The shock rippled across risk assets broadly. The Nasdaq dropped 2.6% as rising oil prices and ballooning AI capital expenditure weighed on market sentiment.
Crypto was not spared. Bitcoin fell below $66,000 after reaching its highest level in over a month, as surging oil prices reignited inflation concerns. The risk-off rotation played out inside crypto too, with Bitcoin's dominance climbing to 59% as capital retreated from altcoins. $DOGE, which Santiment had described as amplified Bitcoin beta, fell harder than most, validating that read precisely.
When oil pushes above $100, crypto tends to struggle. The mechanism is spiking energy costs feeding inflation expectations, pushing rate-cut timelines further out, and draining the liquidity that risk assets depend on.
The setup is not necessarily broken beyond repair. A swift reclaim of the $0.071 level would put bulls back in contention. Until that happens, Santiment's framework holds: sellers are in control, and $DOGE remains the most vulnerable name in any broad market downturn. Not financial advice.
Sources:
MarketScreener: Oil Prices Hit $100 a Barrel While Tech Selloff Deepens
CoinDesk: Bitcoin Retreats as Oil Tops $85, Inflation Concerns Resurface
Motley Fool: Market Indexes Sink as Oil Tops $100 Amid Rising AI Costs
Whales keep increasing their exposure to the cryptocurrency.
Cardano’s native token is among the best-performing cryptocurrencies (from the top 100 club) over the past week, with its price rising by 8% to around $0.17.
Two key developments suggest the uptrend might be just at its starting point, while another factor hints that an upcoming correction is just as likely.
Bulls vs. Bears Earlier this month, the large ADA investors, known across the crypto space as whales, increased their total holdings to 25.6 billion coins. This represents almost 70% of the token’s circulating supply and is the highest level since February 2023. At the same time, retail investors have reduced their exposure to ADA, with Santiment explaining that this combination could create a healthy setup for the asset.
Just recently, the renowned analyst Ali Martinez revealed that whales have purchased 30 million units (worth over $5 million at current rates) over the last month. The obvious revival of this cohort of investors signals that they are positioning for the next potential price upswing.
There is a common theory in the crypto world that whales have access to inside information about events or news that could impact the valuation of a certain asset and that they rarely jump on the bandwagon out of pure intuition. That said, their efforts may encourage smaller players to join the ecosystem and distribute fresh capital.
The second bullish element is ADA’s Relative Strength Index (RSI). The technical analysis tool measures the latest speed and magnitude of price changes to evaluate whether the token is poised for a trend reversal. Readings below 30 put ADA in oversold territory and due for a possible rally, while anything above 70 serves as a warning for an impending correction. Currently, the RSI stands at around 28.
ADA RSI, Source: RSI Hunter However, there is also a bearish factor to be considered. Lately, exchange inflows have surpassed outflows, meaning that investors have abandoned self-custody and flocked toward centralized platforms: a development that increases immediate selling pressure.
You may also like: Whales Keep Loading Up on Cardano While Retail Dumps ADA Bitcoin (BTC) Starts July Under $60K, Cardano (ADA) Finally Rebounds: Market Watch ADA Faces Heavy Pressure, But Cardano’s On-Chain Data Tells Another Story ADA Exchange Netflow, Source: CoinGlass Recent Predictions Several analysts on X have noted ADA’s rebound, expecting a much more substantial push north in the short term. Master of Crypto claimed that if the positive trend continues, the price could surge to $0.219.
Others like JAVON MARKS are even more bullish, envisioning hard-to-believe explosions (at least from the current perspective). The analyst opined that ADA moves towards “a key convering/breaking point” which could open the door to an increase to as high as $2.90. Celal Kucuker also chipped in lately, predicting a major ascent to $5.
In the latest trading session, Booking Holdings (BKNG - Free Report) closed at $172.83, marking a -2.83% move from the previous day. The stock's change was less than the S&P 500's daily loss of 1.21%. At the same time, the Dow lost 0.97%, and the tech-heavy Nasdaq lost 2.15%.
Coming into today, shares of the online booking service had lost 1.87% in the past month. In that same time, the Retail-Wholesale sector gained 2.27%, while the S&P 500 gained 0.42%.
The investment community will be closely monitoring the performance of Booking Holdings in its forthcoming earnings report. The company is scheduled to release its earnings on August 4, 2026. The company's earnings per share (EPS) are projected to be $2.46, reflecting a 10.81% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.19 billion, up 5.71% from the year-ago period.
BKNG's full-year Zacks Consensus Estimates are calling for earnings of $10.45 per share and revenue of $29.4 billion. These results would represent year-over-year changes of +14.58% and +9.23%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Booking Holdings. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.09% upward. Booking Holdings is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Booking Holdings's current valuation metrics, including its Forward P/E ratio of 17.02. This indicates a premium in contrast to its industry's Forward P/E of 16.93.
Also, we should mention that BKNG has a PEG ratio of 1.06. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Commerce was holding an average PEG ratio of 1.11 at yesterday's closing price.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 158, positioning it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Snap Inc (NYSE:SNAP) is expected to remain under pressure to demonstrate stronger advertising revenue growth when it reports second-quarter earnings, with Jefferies saying the company's ads business continues to be the key issue despite expectations for improving overall revenue growth.
The brokerage reiterated its ‘Buy’ rating on Snap while lowering its price target to $5.50 from $8, writing that although it remains positive on the company's engagement scale and long-term monetization opportunity, "the core issue remains ad rev growth, which has yet to show meaningful improvement."
Snap shares traded hands at about $4.40 on Thursday afternoon, down about 45% so far this year.
Jefferies expects Snap to report Q2 revenue growth of 14% year over year, in line with Wall Street estimates. The analysts wrote that advertising revenue should reaccelerate from 3% growth in the first quarter, helped by an easier year-over-year comparison and guidance that had already incorporated a full quarter of Middle East-related headwinds.
The firm said revenue from Snap+ subscriptions and Memories products remains more difficult to forecast because of limited visibility, though it remains constructive on the recent momentum in those businesses.
For the third quarter, Jefferies wrote that the Street's forecast for 13% year-over-year revenue growth appears achievable, with potential upside from World Cup-related advertising spending and Memories Storage. The analysts noted that consensus implies quarter-over-quarter revenue growth consistent with seasonal trends over the past three years, while the expiration of the 12-month Memories Storage grace period in September could provide an additional boost.
Jefferies also identified daily active user growth as a swing factor, citing age verification requirements and other regulatory changes. While the firm sees limited revenue risk from those changes, it noted they could weigh on investor sentiment if engagement growth slows further.
On profitability, Jefferies expects Snap to reiterate its full-year cost guidance following its April restructuring, including operating expenses of about $2.75 billion, other cost of goods sold at 16% to 17% of revenue, and infrastructure costs of $1.6 billion to $1.65 billion.
While Jefferies remains constructive on Snap's longer-term monetization opportunity, it wrote that continued investment in Specs following a weak initial reception, along with the collapse of a partnership with Perplexity, has tempered expectations, leaving the company's advertising growth as the primary focus heading into earnings.
In the latest close session, V.F. (VFC - Free Report) was down 3.73% at $16.53. This move lagged the S&P 500's daily loss of 1.21%. Meanwhile, the Dow experienced a drop of 0.97%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Prior to today's trading, shares of the maker of brands such as Vans, North Face and Timberland had lost 0.29% was narrower than the Consumer Discretionary sector's loss of 0.92% and lagged the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of V.F. in its upcoming release. The company plans to announce its earnings on July 29, 2026. The company is expected to report EPS of -$0.22, up 8.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.68 billion, down 4.85% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.1 per share and a revenue of $9.53 billion, indicating changes of +34.15% and -0.78%, respectively, from the former year.
Any recent changes to analyst estimates for V.F. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. V.F. is holding a Zacks Rank of #4 (Sell) right now.
In the context of valuation, V.F. is at present trading with a Forward P/E ratio of 15.61. This denotes a discount relative to the industry average Forward P/E of 16.35.
It is also worth noting that VFC currently has a PEG ratio of 1.19. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Textile - Apparel industry stood at 2.26 at the close of the market yesterday.
The Textile - Apparel industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 182, placing it within the bottom 27% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Kroger (KR - Free Report) ended the recent trading session at $55.76, demonstrating a -3.09% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.21%. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.15%.
The supermarket chain's shares have seen a decrease of 1.61% over the last month, not keeping up with the Retail-Wholesale sector's gain of 2.27% and the S&P 500's gain of 0.42%.
The investment community will be closely monitoring the performance of Kroger in its forthcoming earnings report. The company is forecasted to report an EPS of $1.05, showcasing a 0.96% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34.78 billion, up 2.47% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.21 per share and a revenue of $151.36 billion, indicating changes of +7.42% and +2.52%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Kroger. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.12% lower. Kroger currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Kroger is currently being traded at a Forward P/E ratio of 11.04. This represents a discount compared to its industry average Forward P/E of 14.47.
Investors should also note that KR has a PEG ratio of 1.54 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Retail - Supermarkets industry stood at 1.94 at the close of the market yesterday.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 219, finds itself in the bottom 11% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Marathon Digital Holdings, Inc. (MARA - Free Report) closed the most recent trading day at $12.77, moving +2.9% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 1.21%. Meanwhile, the Dow lost 0.97%, and the Nasdaq, a tech-heavy index, lost 2.15%.
Heading into today, shares of the company had lost 11.36% over the past month, lagging the Finance sector's gain of 2.12% and the S&P 500's gain of 0.42%.
Investors will be eagerly watching for the performance of Marathon Digital Holdings, Inc. in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 6, 2026. The company is forecasted to report an EPS of -$0.56, showcasing a 30.86% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $208.49 million, indicating a 12.58% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$4.98 per share and a revenue of $797.06 million, representing changes of -34.96% and -12.13%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Marathon Digital Holdings, Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Marathon Digital Holdings, Inc. presently features a Zacks Rank of #3 (Hold).
The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 186, placing it within the bottom 25% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Montreal, Quebec--(Newsfile Corp. - July 23, 2026) - Nio Strategic Metals Inc. (TSXV: NIO) (OTCQB: NIOCF) ("Nio" or the "Corporation"), a critical mineral exploration company, is pleased to announce that its common shares will begin trading on the OTCQB® Venture Market ("OTCQB") in the United States (U.S.) under the symbol "NIOCF" starting Friday, July 24, 2026. The Corporation's common shares will also continue to trade on the TSX-V under the symbol "NIO".
The Corporation's President and COO, Bruno Dumais, commented, "This listing on the OTCQB will improve access to Nio for U.S. investors. It is an important step in increasing our presence and visibility in the United States and will contribute to creating long-term shareholder value."
In conjunction with this listing, Nio will be meeting with U.S. investors.
The OTCQB Venture Market is designed for early-stage and developing U.S. and international corporations. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find real-time quotes and market information for the Corporation at www.otcmarkets.com/stock/NIOCF/quote.
About Nio Strategic Metals
Nio Strategic Metals is an exploration and development company, with a focus on becoming a ferroniobium producer. The Corporation holds niobium and critical metals properties located in Oka and near Mont-Laurier in the Province of Québec.
For more information on the Corporation, please refer to the Corporation's public documents available on SEDAR+ (www.sedarplus.ca) or on the Corporation's website (https://niostratmet.com/) or contact:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America.
Cautionary Statement on Forward-Looking Information
This news release contains forward-looking statements and forward-looking information (together, "forward looking statements") within the meaning of applicable Canadian securities laws. Statements, other than statements of historical facts, may be forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved", the negative of these terms and similar terminology although not all forward-looking statements contain these terms and phrases. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors set out in Nio Strategic Metals' annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR+ at www.sedarplus.ca, as well as all assumptions regarding the foregoing. Although Nio Strategic Metals believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frame or at all. Except where required by applicable law, Nio Strategic Metals disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306369
Source: Nio Strategic Metals Inc.
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Allstate (ALL - Free Report) ended the recent trading session at $254.52, demonstrating a +1.07% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 1.21% for the day. At the same time, the Dow lost 0.97%, and the tech-heavy Nasdaq lost 2.15%.
The insurer's shares have seen an increase of 7.83% over the last month, surpassing the Finance sector's gain of 2.12% and the S&P 500's gain of 0.42%.
The investment community will be closely monitoring the performance of Allstate in its forthcoming earnings report. The company is scheduled to release its earnings on August 5, 2026. The company's earnings per share (EPS) are projected to be $5.61, reflecting a 5.56% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $17.73 billion, reflecting a 5.67% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $30.51 per share and a revenue of $71.42 billion, signifying shifts of -12.4% and +5.26%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Allstate. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.57% upward. As of now, Allstate holds a Zacks Rank of #2 (Buy).
In terms of valuation, Allstate is presently being traded at a Forward P/E ratio of 8.25. This valuation marks a discount compared to its industry average Forward P/E of 11.67.
It is also worth noting that ALL currently has a PEG ratio of 0.43. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Insurance - Property and Casualty industry currently had an average PEG ratio of 2.75 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 152, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Ares Capital (ARCC - Free Report) closed at $18.61 in the latest trading session, marking a -1.33% move from the prior day. This change lagged the S&P 500's 1.21% loss on the day. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
The private equity firm's shares have seen an increase of 5.66% over the last month, surpassing the Finance sector's gain of 2.12% and the S&P 500's gain of 0.42%.
The investment community will be paying close attention to the earnings performance of Ares Capital in its upcoming release. The company is slated to reveal its earnings on July 29, 2026. It is anticipated that the company will report an EPS of $0.47, marking a 6% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $768.95 million, indicating a 3.22% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.9 per share and revenue of $3.12 billion, indicating changes of -5.47% and +2.16%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Ares Capital. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.21% downward. Ares Capital presently features a Zacks Rank of #4 (Sell).
Digging into valuation, Ares Capital currently has a Forward P/E ratio of 9.91. Its industry sports an average Forward P/E of 7.99, so one might conclude that Ares Capital is trading at a premium comparatively.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 204, placing it within the bottom 18% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Swan Bitcoin CEO Cory Klippsten sharply criticized stablecoin giant Tether and Jack Mallers, who recently stepped down as CEO of Twenty One Capital.
Although Klippsten said Tether had "obfuscated it to some degree," he argued that the company effectively controls Twenty One, a publicly traded U.S.-based bitcoin treasury company.
Klippsten also alleged that Twenty One is being used as a vehicle to advance Tether’s interests in the U.S. "It's kind of their U.S. entity for them to do U.S. things and, you know, line pockets where needed for political reasons," he said during an interview on The Starting Block podcast on Thursday.
The Swan Bitcoin CEO didn't offer any evidence to support his claim about Tether using Twenty One for political reasons. Tether didn't immediately respond to a request for comment.
USDT, the world’s largest stablecoin, is primarily oriented toward markets outside the United States. Tether restricts most U.S. persons from directly using its platform, although USDT can still circulate through secondary markets. The company has nevertheless been working to expand its American footprint.
Besides launching USAT, a stablecoin designed specifically for the U.S. market, Tether backed the creation of Twenty One, which trades on the New York Stock Exchange under the ticker XXI.
Twenty One Capital (XXI) stock price chart. Source: The Block/TradingView Last year, Twenty One was created through a SPAC merger with Cantor Equity Partners. It launched with $3.6 billion in bitcoin on its balance sheet, at the time making it the third-largest holder of bitcoin among publicly traded companies. Strike founder Jack Mallers was named CEO of Twenty One.
Mallers exited Twenty One this week as his company Strike also dropped out of a potential merger. Tether Investments, Twenty One's majority shareholder, proposed in April a two-stage merger that would have folded Strike into Twenty One, which would then merge with bitcoin miner Elektron Energy.
"I've decided to step down as CEO of Twenty One," Mallers posted to social media amid his departure. "My life's work remains Bitcoin. My Bitcoin company is Strike. The work continues."
Klippsten characterized Mallers' position at the company as "ceremonial," saying the Strike founder's role was primarily to promote Twenty One's shares.
"He did his job, which was to shill the stock last April, which he did very aggressively," added Klippsten, who also said he doesn't believe it was Mallers' decision to leave Twenty One.
Mallers didn't immediately respond to a request for comment.
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.
From a pronunciation joke to a live memecoinIt began with a lighthearted video from Tether Wallet asking whether the stablecoin giant's name is pronounced "Teh-ther" or "Tee-ther." Tether CEO @paoloardoino quote-posted it with a single word: "Fefer" alongside a blue dinosaur meme. Traders took the cue and ran with it, minting $FEFER on @Stable within hours and turning a throwaway gag into the chain's first memecoin moment.
The token's rise was quick. It surpassed an $8.8 million market cap within a day of launch, peaking near $11 million before pulling back. On-chain data from StableScan showed 5,814 holders and more than 54,000 transfers, with the largest single wallet controlling just 3.66% of supply, suggesting a relatively distributed holder base for a token that young.
What the moment reveals about Stable's early tractionThe @Stable network itself is a USDT-gas Layer 1 blockchain backed by Bitfinex and affiliated with Tether. The project is described as a dedicated stablecoin and payments Layer 1 blockchain backed by Bitfinex and powered by USDT. Tether CEO Paolo Ardoino serves as an advisor to Stable, reflecting the close relationship between the companies, which share common ownership through parent company iFinex. The chain is designed primarily for institutional payments and settlement, not retail speculation.
That makes the $FEFER episode a notable data point. A meme that spread from a CEO's social media post generated tens of thousands of on-chain transactions and drew thousands of new wallets to a network that had not yet seen meaningful retail activity. Stable's own account noted over 167,000 transactions in a 24-hour period as Fefer activity grew on the chain.
The pattern is not new to crypto. Culture and community tend to arrive on a chain before the payment infrastructure it was built for catches up. For Stable, a network with serious institutional ambitions, the irony is that its first viral moment came not from a PayPal integration or an Anchorage partnership, but from a CEO's dinosaur meme.
Sources
The Block: Stable launches mainnet and native token
CoinGecko: What Is Stable, Tether's Stablechain
Riot Platforms, Inc. (RIOT - Free Report) closed the most recent trading day at $23.86, moving +2.05% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 1.21%. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
Shares of the company witnessed a loss of 14.73% over the previous month, trailing the performance of the Finance sector with its gain of 2.12%, and the S&P 500's gain of 0.42%.
The investment community will be paying close attention to the earnings performance of Riot Platforms, Inc. in its upcoming release. The company's upcoming EPS is projected at -$0.39, signifying a 168.42% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $150.47 million, down 1.65% from the year-ago period.
RIOT's full-year Zacks Consensus Estimates are calling for earnings of -$2.32 per share and revenue of $638.82 million. These results would represent year-over-year changes of -18.97% and -1.33%, respectively.
Investors might also notice recent changes to analyst estimates for Riot Platforms, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 11.64% fall in the Zacks Consensus EPS estimate. Currently, Riot Platforms, Inc. is carrying a Zacks Rank of #5 (Strong Sell).
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 186, this industry ranks in the bottom 25% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
In the latest close session, Invesco Mortgage Capital (IVR - Free Report) was down 2.68% at $7.64. The stock's performance was behind the S&P 500's daily loss of 1.21%. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.15%.
Prior to today's trading, shares of the real estate investment trust had gained 0.38% lagged the Finance sector's gain of 2.12% and the S&P 500's gain of 0.42%.
The upcoming earnings release of Invesco Mortgage Capital will be of great interest to investors. The company's earnings report is expected on July 30, 2026. The company is expected to report EPS of $0.47, down 18.97% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.01 per share and a revenue of $0 million, indicating changes of -14.47% and 0%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Invesco Mortgage Capital. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Invesco Mortgage Capital is holding a Zacks Rank of #5 (Strong Sell) right now.
Valuation is also important, so investors should note that Invesco Mortgage Capital has a Forward P/E ratio of 3.91 right now. This signifies a discount in comparison to the average Forward P/E of 8.49 for its industry.
The REIT and Equity Trust industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 190, positioning it in the bottom 23% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
MarketBeat Week in Review – 07/06 - 07/10Southwest Airlines NYSE: LUV reported sharply higher second-quarter 2026 earnings and record revenue, with executives saying the carrier’s recent commercial transformation contributed across the full quarter for the first time.
President and Chief Executive Officer Bob Jordan said the quarter showed “the earnings power of our business” and demonstrated that Southwest now has “a broader and more diversified set of revenue and commercial levers than at any point in our history.”
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Southwest MAX Incident Revives Headline Risk for Boeing and Airline StocksThe airline reported adjusted earnings per share of $0.94, up approximately 120% from a year earlier and above both its initial guidance and analyst consensus, according to Jordan. Adjusted operating margin was 6.7%, a 3.3-point improvement year over year, while after-tax return on invested capital was 9%.
Southwest said adjusted operating revenue rose 20.3% on capacity growth of just 0.2%, reaching a quarterly record of $8.7 billion. Adjusted unit revenue increased 20.1% year over year, also reaching what Jordan described as an all-time quarterly record and exceeding the high end of the company’s prior guidance range.
Revenue Initiatives Drive Record Results These 3 Stocks Lowered Their Share Counts Drastically in Q1Jordan and Chief Commercial Officer Justin Jones attributed the revenue gains to a mix of new and expanded initiatives, including product changes, bag fees, online travel agencies, change-related revenue and strength in the core business.
Managed business revenue rose 30% year over year to a new quarterly record, surpassing the prior record set in the first quarter. Jordan said customer engagement also improved, with Rapid Rewards new member enrollments up 35% year over year and the program approaching nearly 100 million members. Tier qualification activity reached a record high, while Chase co-branded credit card acquisitions increased 28% from a year earlier.
Jones said the company is focused on building a “more productive commercial business” that balances unit revenue growth, disciplined capacity, network profitability and long-term customer engagement. He said corporate customers have shown strong adoption of the company’s new products, with growth visible across fares, load factor and share of origin-and-destination mix.
In response to analyst questions about the impact of lapping initiatives introduced in 2025, Jordan said third-quarter comparisons will face a headwind from those actions, including bag fees, which he said represent about $1 billion annually. He said that excluding the impact of those comparisons, Southwest’s third-quarter unit revenue guidance would be ahead of the second-quarter result.
Guidance Updated as Fuel Costs Remain Elevated Southwest now expects full-year 2026 adjusted earnings per share of $3.25 to $4.25. Jordan said the updated range replaces the company’s prior expectation of at least $4 per share and reflects the forward fuel curve as of July 17, while assuming the current fare environment and demand trends remain broadly intact.
Jordan said the company faced an estimated year-to-date fuel headwind of approximately $1.33 per share but remains positioned to generate earnings broadly in line with the guidance it issued at the start of the year. Second-quarter fuel expense increased nearly $900 million year over year, and fuel averaged $3.92 per gallon during the quarter.
Chief Financial Officer Tom Doxey said Southwest generated $500 million of operating cash flow in the quarter, up more than 32% year over year, and nearly $2 billion in operating cash flow during the first half. The company ended the quarter with $5.3 billion in liquidity, above its target of approximately $4.5 billion. Its gross leverage ratio was 2.1 times, within its stated range of 1 to 2.5 times and improved from 2.4 times at the end of 2025.
For the third quarter, Southwest expects unit revenue to rise 17.5% to 19.5% year over year. The company expects CASM-X, or unit costs excluding fuel and special items, to increase 3.5% to 4% year over year on capacity that is flat to down 1%.
Cost Discipline and Fleet Actions Support Margins Doxey said cost savings are being generated across the business, including technology, supply chain, maintenance and labor productivity. He said management has identified “hundreds of millions of dollars of incremental savings” since the start of the year, and those savings are incorporated into the full-year outlook.
Second-quarter CASM increased 3.4% year over year on near-flat capacity, below the low end of prior guidance, Jordan said. Doxey also discussed gains from aircraft sales, saying Southwest views divestment of retiring assets as a durable strength. He said the company has more than 450 NG aircraft that will be retired over many years, and that gains on sales may be “a little lumpy by quarter” but should continue over time.
Asked about capital spending and free cash flow, Doxey said operating cash flow should improve as underlying profitability improves, while the conversion to free cash flow will depend largely on the timing of aircraft deliveries. He said Southwest generally pays cash or uses unsecured or secured financing for aircraft, rather than relying on leasing structures that would reduce net capital expenditures.
Operations, Network and Product Enhancements Chief Operating Officer Andrew Watterson said Southwest ranked first among large domestic carriers in completion factor during the quarter and improved its mishandled baggage performance year over year, despite higher volumes of gate-checked bags. He said trip net promoter score improved throughout the quarter and that Southwest maintained the lowest customer complaint rate among major U.S. airlines.
Watterson acknowledged that on-time performance has declined in some areas, particularly during day-to-day “small-scale events” tied to high load factors and turn times. He said the company is focused on improving the last 10 minutes of aircraft turns and has already seen some benefits in July, with additional schedule changes expected in October.
Southwest also highlighted several product and network updates. Jordan said the airline’s first Starlink-equipped aircraft entered service a few weeks before the call, beginning a new phase of in-flight connectivity. The company also expanded its airline partner network to nine carriers with the addition of Air Premia and completed the rollout of service to five previously announced new destinations with the launch of Anchorage in May.
Jones said future capacity growth will be modest and focused on Southwest’s “points of strength,” including markets where it already has leading positions. He said the airline is not prepared to provide full-year 2027 capacity guidance but will continue to emphasize capacity discipline and profitable deployment of aircraft.
Management Emphasizes Durability of Demand Throughout the call, executives said demand and pricing remain strong. Jordan said industry recapture of higher fuel costs has been swift and pricing has remained sticky. He also said the revenue strength is not only related to fuel recovery, but reflects benefits from Southwest’s own initiatives.
Jones said the third quarter was about 65% booked at the time of the call, with yields running up 24% year over year compared with 13% for the second quarter at the same point. “There is no deceleration in the strength in the demand, no deceleration in the strength in the revenues and the fares,” he said.
Jordan said he remains optimistic about consumer demand for travel and the long-term durability of Southwest’s revenue base. He pointed to growth in managed business revenue, Rapid Rewards memberships, card acquisitions and customer engagement as evidence that the company’s changes are resonating.
Southwest also accrued more than $100 million year to date in profit sharing for employees. Jordan thanked employees and said the results show “proof in the earnings” that the company’s transformation is working.
About Southwest Airlines (NYSE:LUV)Southwest Airlines Co is a U.S.-based low-cost carrier that operates a point-to-point domestic and near-international airline network. Headquartered in Dallas, Texas, the company primarily flies Boeing 737 aircraft and offers no-frills, single-class service designed to keep fares competitive. Southwest's operating model emphasizes high aircraft utilization, quick turnaround times and an open seating policy, allowing customers to board and select seats on a first-come, first-served basis.
Founded in 1967 by Herb Kelleher and Rollin King as Air Southwest Company, Southwest began commercial service in 1971, initially connecting Dallas, Houston and San Antonio.
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"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
TJX (TJX - Free Report) closed at $153.46 in the latest trading session, marking a -1.25% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.21%. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
The parent of T.J. Maxx, Marshalls and other stores's stock has dropped by 5.91% in the past month, falling short of the Retail-Wholesale sector's gain of 2.27% and the S&P 500's gain of 0.42%.
The investment community will be closely monitoring the performance of TJX in its forthcoming earnings report. The company's upcoming EPS is projected at $1.17, signifying a 6.36% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $15.12 billion, indicating a 5.02% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.17 per share and revenue of $63.9 billion, indicating changes of +9.3% and +5.85%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for TJX. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. TJX presently features a Zacks Rank of #2 (Buy).
With respect to valuation, TJX is currently being traded at a Forward P/E ratio of 30.07. This represents no noticeable deviation compared to its industry average Forward P/E of 30.07.
It is also worth noting that TJX currently has a PEG ratio of 3.37. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. TJX's industry had an average PEG ratio of 2.68 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 22, which puts it in the top 9% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
DocuSign (DOCU - Free Report) closed at $47.04 in the latest trading session, marking a -1.77% move from the prior day. This change lagged the S&P 500's daily loss of 1.21%. Meanwhile, the Dow experienced a drop of 0.97%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Shares of the provider of electronic signature technology witnessed a gain of 8.25% over the previous month, beating the performance of the Computer and Technology sector with its loss of 4.58%, and the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of DocuSign in its upcoming release. The company is forecasted to report an EPS of $1.08, showcasing a 17.39% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $868.04 million, up 8.42% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.54 per share and a revenue of $3.49 billion, representing changes of +18.23% and +8.53%, respectively, from the prior year.
Any recent changes to analyst estimates for DocuSign should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1% higher within the past month. DocuSign currently has a Zacks Rank of #3 (Hold).
Digging into valuation, DocuSign currently has a Forward P/E ratio of 10.55. For comparison, its industry has an average Forward P/E of 18.63, which means DocuSign is trading at a discount to the group.
Meanwhile, DOCU's PEG ratio is currently 0.63. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.01.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 152, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Toyota Motor Corporation (TM - Free Report) closed at $176.80 in the latest trading session, marking a -1.75% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 1.21% for the day. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
The stock of company has risen by 7.26% in the past month, leading the Auto-Tires-Trucks sector's loss of 4.95% and the S&P 500's gain of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Toyota Motor Corporation in its upcoming earnings disclosure.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $20.99 per share and revenue of $325.34 billion, indicating changes of +7.04% and -3.29%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Toyota Motor Corporation. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.5% lower. Toyota Motor Corporation is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Toyota Motor Corporation is currently exchanging hands at a Forward P/E ratio of 8.57. This represents a discount compared to its industry average Forward P/E of 9.67.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 188, positioning it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Increasing Share Buybacks; Full Year Production Guidance Raised; Capital Guidance Unchanged
Highlights:
Generated second quarter cash from operating activities of $1.6 billion, Non-GAAP Cash Flow of approximately $1.3 billion and Non-GAAP Free Cash Flow of $682 million after capital expenditures of $574 million Produced average second quarter volumes of 615 thousand barrels of oil equivalent per day ("MBOE/d"), including oil and condensate volumes of 206 thousand barrels per day ("Mbbls/d"), above the high end of company guidance, along with 82 Mbbls/d of other NGLs (C2 to C4) and 1,959 million cubic feet per day ("MMcf/d") of natural gas Closed the sale of the Company's Anadarko assets for total cash proceeds of approximately $2.82 billion after preliminary closing adjustments and transaction costs Net Debt of $2.995 billion as of June 30, 2026, Net Debt to Adjusted EBITDA of 0.6x Returned approximately 63% of second quarter Non-GAAP Free Cash Flow to shareholders via share repurchases of approximately $345 million (6.1 million shares) and dividend payments of $84 million Full year 2026 shareholder returns expected to exceed 60% of Non-GAAP Free Cash Flow, up from 45% year-to-date Revised full year 2026 guidance to reflect higher expected oil and condensate production for the same capital investment; representing 4% production per share growth , /PRNewswire/ -- Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today announced its second quarter 2026 financial and operating results. The Company plans to hold a conference call and webcast at 9:00 a.m. MT (11:00 a.m. ET) on July 24, 2026. Please see dial-in details within this release, as well as additional details on the Company's website at www.ovintiv.com under Presentations and Events – Ovintiv.
Ovintiv Reports Second Quarter 2026 Financial and Operating Results "Our second quarter results continued to demonstrate industry-leading performance across the board driven by our stacked innovation approach," said Ovintiv President and CEO, Brendan McCracken. "Our company is positioned with a deep inventory of superior-return drilling locations, a fortified balance sheet, and leading edge well costs and oil productivity performance. The outcomes of our strategic execution are reflected in our results. Halfway through the year, we've generated more than $1.3 billion of Free Cash Flow, organically replaced our full-year 2026 drilling locations in both the Permian and the Montney, and are set to grow oil production per share by 4% with no increase to activity or capital expenditure."
Second Quarter 2026 Financial and Operating Results
Reported second quarter net earnings of $456 million, or $1.62 per share diluted, which included a loss on the divestiture of the Company's Anadarko assets of $337 million, before tax Recognized a net gain on risk management in revenues of $122 million, before tax Generated cash from operating activities of $1.6 billion and Non-GAAP Cash Flow of approximately $1.3 billion Second quarter average total production volumes were approximately 615 MBOE/d, including 206 Mbbls/d of oil and condensate, 82 Mbbls/d of other NGLs (C2 to C4) and 1,959 MMcf/d of natural gas Second quarter capital investment of $574 million was at the midpoint of the guidance range of $550 million to $600 million Reported second quarter upstream operating expense of $3.25 per BOE, upstream transportation and processing costs of $9.47 per BOE, production, mineral and other taxes of $1.43 per BOE, or 3.5% of upstream product revenue Excluding the impact of hedges, second quarter average realized price for oil and condensate was $97.50 per barrel (105% of WTI), $21.67 per barrel for other NGLs, and $1.71 per Mcf (59% of NYMEX) for natural gas, resulting in a total average realized price of $41.00 per BOE Including the impact of hedges, second quarter average realized price for oil and condensate was $91.22 per barrel (98% of WTI), $21.67 per barrel for other NGLs, and $1.99 per Mcf (69% of NYMEX) for natural gas, resulting in a total average realized price of $39.79 per BOE 2026 Guidance
The Company issued its third quarter 2026 guidance and revised its full year guidance. Full year production volumes are expected to average 630 MBOE/d to 645 MBOE/d, driven by increases in oil and condensate and NGL volumes. Full year expected capital investment is unchanged at $2.25 billion to $2.35 billion.
2026 Guidance
3Q 2026
Full Year 2026
Total Production (MBOE/d)
615 – 640
630 – 645
Oil & Condensate (Mbbls/d)
205 – 210
210 – 212
NGLs (C2 to C4) (Mbbls/d)
75 – 80
83 – 85
Natural Gas (MMcf/d)
2,000 – 2,100
2,025 – 2,075
Capital Investment ($ Millions)
$550 – $600
$2,250 – $2,350
Shareholder Returns
Ovintiv's shareholder return framework commits to returning 50% to 100% of annual Non-GAAP Free Cash Flow to shareholders via the combination of base dividend payments and share buybacks.
Second quarter shareholder returns totaled approximately $429 million, or approximately 63% of Non-GAAP Free Cash Flow, consisting of share buybacks of approximately $345 million, or approximately 6.1 million shares of common stock, and base dividend payments of approximately $84 million.
As of June 30, 2026, year-to-date shareholder returns totaled approximately $598 million, or approximately 45% of Non-GAAP Free Cash Flow, consisting of share buybacks of approximately $429 million, or approximately 7.6 million shares of common stock, and base dividend payments of approximately $169 million. Ovintiv expects full year 2026 shareholder returns to total more than 60% of Non-GAAP Free Cash Flow.
Continued Balance Sheet Focus
As of June 30, 2026, Ovintiv's Net Debt was $2.995 billion and Net Debt to Adjusted EBITDA was approximately 0.6 times. The Company had approximately $4.4 billion in total liquidity, which included available credit facilities of $3.5 billion, available uncommitted demand lines of $159 million, and cash and cash equivalents of $700 million.
Ovintiv redeemed its $700 million, 5.65% senior notes due May 15, 2028, on April 20, 2026. Annualized interest savings from the note redemption are expected to total approximately $40 million.
Dividend Declared
On July 23, 2026, Ovintiv's Board declared a quarterly dividend of $0.30 per share of common stock payable on September 29, 2026, to shareholders of record as of September 15, 2026.
Asset Highlights
Permian
Permian production averaged 231 MBOE/d (78% liquids) in the second quarter with 38 net wells turned in line ("TIL"). Full year 2026 capital investment is expected to total approximately $1.325 billion to $1.375 billion in the play to run approximately 5 rigs and bring on an expected 125 to 135 net wells. For the second half of the year, oil and condensate production is expected to average approximately 125 Mbbls/d and natural gas production is expected to average 280 to 305 MMcf/d.
Montney
Montney production averaged 374 MBOE/d (27% liquids) in the second quarter with 40 net wells TIL. Full year 2026 capital investment is expected to total approximately $875 million to $925 million in the play to run approximately 6 rigs and bring on an expected 130 to 140 net wells. For the second half of the year, oil and condensate production is expected to average 80 to 85 Mbbls/d and natural gas production is expected to average 1.7 to 1.8 Bcf/d.
For additional information, please refer to the Second Quarter 2026 Results Presentation available on Ovintiv's website, www.ovintiv.com under Presentations and Events – Ovintiv. Supplemental Information, and Non-GAAP Definitions and Reconciliations, are available on Ovintiv's website under Financial Document Library – Ovintiv.
Conference Call Information
A conference call and webcast to discuss the Company's second quarter 2026 results will be held at 9:00 a.m. MT (11:00 a.m. ET) on July 24, 2026.
To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/4jChG1W to receive an instant automated call back. You can also dial direct to be entered to the call by an Operator. Please dial 888-510-2154 (toll-free in North America) or 437-900-0527 (international) approximately 15 minutes prior to the call.
The live audio webcast of the conference call, including slides and financial statements, will be available on Ovintiv's website, www.ovintiv.com under Investors/Presentations and Events. The webcast will be archived for approximately 90 days.
Refer to Note 1 Non-GAAP measures and the tables in this release for reconciliation to comparable GAAP financial measures.
Capital Investment and Production
(for the period ended June 30)
2Q 2026
2Q 2025
Capital Expenditures (1) ($ millions)
574
521
Oil (Mbbls/d)
123.0
142.0
NGLs – Plant Condensate (Mbbls/d)
82.8
69.2
Oil & Plant Condensate (Mbbls/d)
205.8
211.2
NGLs – Other (Mbbls/d)
82.4
95.5
Total Liquids (Mbbls/d)
288.2
306.7
Natural gas (MMcf/d)
1,959
1,851
Total production (MBOE/d)
614.6
615.3
1) Including capitalized directly attributable internal costs.
Second Quarter Financial Summary
(for the period ended June 30)
($ millions)
2Q 2026
2Q 2025
Cash From (Used In) Operating Activities
Deduct (Add Back):
Net change in other assets and liabilities
Net change in non-cash working capital
1,632
(4)
380
1,013
(11)
111
Non-GAAP Cash Flow (1)
1,256
913
Non-GAAP Cash Flow (1)
1,256
913
Less: Capital Expenditures (2)
574
521
Non-GAAP Free Cash Flow (1)
682
392
Net Earnings (Loss) Before Income Tax
Before-tax (Addition) Deduction:
Unrealized gain (loss) on risk management
Non-operating foreign exchange gain (loss)
Gain (loss) on divestitures, net
539
190
(31)
(337)
399
54
(3)
-
Adjusted Earnings (Loss) Before Income Tax
Income tax expense (recovery)
717
226
348
83
Non-GAAP Adjusted Earnings (1)
491
265
1)
Non-GAAP Cash Flow, Non-GAAP Free Cash Flow and Non-GAAP Adjusted Earnings are non-GAAP measures as defined in Note 1.
2)
Including capitalized directly attributable internal costs.
Realized Pricing Summary (Including the impact of realized gains (losses) on risk management)
(for the period ended June 30)
2Q 2026
2Q 2025
Liquids ($/bbl)
WTI
92.79
63.74
Realized Liquids Prices
Oil
91.53
65.23
NGLs – Plant Condensate
90.74
60.79
Oil & Plant Condensate
91.22
63.77
NGLs – Other
21.67
18.28
Total NGLs
56.29
36.14
Natural Gas
NYMEX ($/MMBtu)
2.90
3.44
Realized Natural Gas Price ($/Mcf)
1.99
2.38
Cost Summary
(for the period ended June 30)
($/BOE)
2Q 2026
2Q 2025
Production, mineral and other taxes
1.43
1.31
Upstream transportation and processing
9.47
7.62
Upstream operating
3.25
3.84
Administrative, excluding long-term incentive, restructuring, transaction and legal costs
1.28
1.19
Debt to EBITDA (1)
($ millions, except as indicated)
June 30, 2026
December 31, 2025
Long-Term Debt, including Current Portion
3,695
5,202
Net Earnings (Loss)
920
1,242
Add back (Deduct):
Depreciation, depletion and amortization
2,158
2,179
Interest
388
376
Income tax expense (recovery)
(644)
(472)
EBITDA
2,822
3,325
Debt to EBITDA (times)
1.3
1.6
1) Debt to EBITDA is a non-GAAP measure as defined in Note 1.
Debt to Adjusted EBITDA (1)
($ millions, except as indicated)
June 30, 2026
December 31, 2025
Long-Term Debt, including Current Portion
3,695
5,202
Net Earnings (Loss)
920
1,242
Add back (Deduct):
Depreciation, depletion and amortization
Impairments
2,158
1,675
2,179
920
Accretion of asset retirement obligation
28
28
Interest
388
376
Unrealized (gains) losses on risk management
(135)
(6)
Foreign exchange (gain) loss, net
(Gain) loss on divestitures, net
20
337
31
-
Other (gains) losses, net
(72)
(46)
Income tax expense (recovery)
(644)
(472)
Adjusted EBITDA
4,675
4,252
Debt to Adjusted EBITDA (times)
0.8
1.2
1) Debt to Adjusted EBITDA is a non-GAAP measure as defined in Note 1.
Net Debt to Adjusted EBITDA (1)
($ millions, except as indicated)
June 30, 2026
December 31, 2025
Long-Term Debt, including Current Portion
3,695
5,202
Less:
Cash and cash equivalents
700
35
Net Debt
2,995
5,167
Adjusted EBITDA
4,675
4,252
Net Debt to Adjusted EBITDA (times)
0.6
1.2
1) Net Debt to Adjusted EBITDA is a non-GAAP measure as defined in Note 1.
Hedge Details(1) as of June 30, 2026
Oil and Condensate Hedges ($/bbl)
3Q 2026
4Q 2026
1Q 2027
2Q 2027
3Q 2027
4Q 2027
WTI Fixed Price Swaps
4 Mbbls/d
$61.67
4 Mbbls/d
$61.93
0
-
0
-
0
-
0
-
WTI 3-Way Options
Call Strike
Put Strike
Sold Put Strike
51 Mbbls/d
$70.87
$59.26
$50.08
41 Mbbls/d
$70.21
$57.22
$50.10
40 Mbbls/d
$85.56
$59.34
$50.00
10 Mbbls/d
$112.53
$60.00
$50.00
0
-
-
-
0
-
-
-
WTI Collars
Call Strike
Put Strike
1 Mbbls/d
$67.79
$56.32
1 Mbbls/d
$67.79
$56.32
0
-
-
0
-
-
0
-
-
0
-
-
Natural Gas Hedges ($/Mcf)
3Q 2026
4Q 2026
1Q 2027
2Q 2027
3Q 2027
4Q 2027
NYMEX Fixed Price Swaps
20 MMcf/d
$4.07
20 MMcf/d
$4.07
0
-
0
-
0
-
0
-
NYMEX 3-Way Options
Call Strike
Put Strike
Sold Put Strike
450 MMcf/d
$5.92
$3.33
$2.58
450 MMcf/d
$5.92
$3.33
$2.58
300 MMcf/d
$5.04
$3.50
$2.50
200 MMcf/d
$4.49
$3.50
$2.50
200 MMcf/d
$4.49
$3.50
$2.50
200 MMcf/d
$4.49
$3.50
$2.50
NYMEX Collars
Call Strike
Put Strike
95 MMcf/d
$5.27
$3.75
95 MMcf/d
$5.27
$3.75
15 MMcf/d
$4.72
$3.50
15 MMcf/d
$4.72
$3.50
15 MMcf/d
$4.72
$3.50
15 MMcf/d
$4.72
$3.50
AECO Nominal Basis Swaps
338 MMcf/d
($1.25)
338 MMcf/d
($1.25)
260 MMcf/d
($1.17)
260 MMcf/d
($1.17)
260 MMcf/d
($1.17)
260 MMcf/d
($1.17)
AECO Fixed Price Swaps
152 MMcf/d
$2.26
118 MMcf/d
$2.30
100 MMcf/d
$2.00
219 MMcf/d
$1.78
219 MMcf/d
$1.78
106 MMcf/d
$2.00
AECO Collars
Call Strike
Put Strike
10 MMcf/d
$2.15
$1.69
3 MMcf/d
$2.15
$1.69
0
-
-
0
-
-
13 MMcf/d
$2.36
$1.76
20 MMcf/d
$2.36
$1.76
Waha Nominal Basis Swaps
0
-
50 MMcf/d
($1.98)
50 MMcf/d
($1.19)
0
-
0
-
0
-
Waha Fixed Price Swaps
50 MMcf/d
$0.74
50 MMcf/d
$1.77
0
-
0
-
0
-
0
-
NuVista Cash Flow Deduction ($MM)(2)
$34
$24
$16
$8
$12
$10
1)
Ovintiv also manages other key market basis differential risks for gas, oil and condensate.
2)
NuVista's financial hedge position at close of the acquisition was valued at ~$199 MM. Those gains are booked as assets and realized into cash over time as they are settled but are not included in Non-GAAP Cash Flow.
Important information
Ovintiv reports in U.S. dollars unless otherwise noted. Production, sales and reserves estimates are reported on an after-royalties basis, unless otherwise noted. Unless otherwise specified or the context otherwise requires, references to "Ovintiv," "we," "its," "our" or to "the Company" includes reference to subsidiaries of and partnership interests held by Ovintiv Inc. and its subsidiaries.
Please visit Ovintiv's website and Investor Relations page at www.ovintiv.com and investor.ovintiv.com, where Ovintiv often discloses important information about the Company, its business, and its results of operations.
NI 51-101 Exemption
The Canadian securities regulatory authorities have issued a decision document (the "Decision") granting Ovintiv exemptive relief from the requirements contained in Canada's National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). As a result of the Decision, and provided that certain conditions set out in the Decision are met on an on-going basis, Ovintiv will not be required to comply with the Canadian requirements of NI 51-101 and the Canadian Oil and Gas Evaluation Handbook. The Decision permits Ovintiv to provide disclosure in respect of its oil and gas activities in the form permitted by, and in accordance with, the legal requirements imposed by the U.S. Securities and Exchange Commission ("SEC"), the Securities Act of 1933, the Securities and Exchange Act of 1934, the Sarbanes-Oxley Act of 2002 and the rules of the NYSE. The Decision also provides that Ovintiv is required to file all such oil and gas disclosures with the Canadian securities regulatory authorities on www.sedarplus.ca as soon as practicable after such disclosure is filed with the SEC.
NOTE 1: Non-GAAP Measures
Certain measures in this news release do not have any standardized meaning as prescribed by U.S. GAAP and, therefore, are considered non-GAAP measures. These measures may not be comparable to similar measures presented by other companies and should not be viewed as a substitute for measures reported under U.S. GAAP. These measures are commonly used in the oil and gas industry and/or by Ovintiv to provide shareholders and potential investors with additional information regarding the Company's liquidity and its ability to generate funds to finance its operations. For additional information regarding non-GAAP measures, see the Company's website. This news release contains references to non-GAAP measures as follows:
Non-GAAP Cash Flow is a non-GAAP measure defined as cash from (used in) operating activities excluding net change in other assets and liabilities, and net change in non-cash working capital. Non-GAAP Free Cash Flow is a non-GAAP measure defined as Non-GAAP Cash Flow in excess of capital expenditures, excluding net acquisitions and divestitures. Non-GAAP Adjusted Earnings is a non-GAAP measure defined as net earnings (loss) excluding non-cash items that management believes reduces the comparability of the Company's financial performance between periods. These items may include, but are not limited to, unrealized gains/losses on risk management, impairments, non-operating foreign exchange gains/losses, and gains/losses on divestitures. Income taxes includes adjustments to normalize the effect of income taxes calculated using the estimated annual effective income tax rate. In addition, valuation allowances and the effect of non-recurring discrete transactions are excluded in the calculation of income taxes. Net Debt is defined as long-term debt, including the current portion, less cash and cash equivalents. Adjusted EBITDA, Debt to EBITDA, Debt to Adjusted EBITDA (Leverage Target/Ratio) and Net Debt to Adjusted EBITDA are non-GAAP measures. EBITDA is defined as trailing 12-month net earnings (loss) before income taxes, depreciation, depletion and amortization, and interest. Adjusted EBITDA is EBITDA adjusted for impairments, accretion of asset retirement obligation, unrealized gains/losses on risk management, foreign exchange gains/losses, gains/losses on divestitures and other gains/losses. Debt to EBITDA is calculated as long-term debt, including the current portion, divided by EBITDA. Debt to Adjusted EBITDA is calculated as long-term debt, including the current portion, divided by Adjusted EBITDA. Net Debt to Adjusted EBITDA is calculated as Net Debt, divided by Adjusted EBITDA. Debt to Adjusted EBITDA and Net Debt to Adjusted EBITDA are non-GAAP measures monitored by management as indicators of the Company's overall financial strength. ADVISORY REGARDING OIL AND GAS INFORMATION – The conversion of natural gas volumes to barrels of oil equivalent (BOE) is on the basis of six thousand cubic feet to one barrel. BOE is based on a generic energy equivalency conversion method primarily applicable at the burner tip and does not represent economic value equivalency at the wellhead. Readers are cautioned that BOE may be misleading, particularly if used in isolation.
ADVISORY REGARDING FORWARD-LOOKING STATEMENTS – This news release contains forward-looking statements or information (collectively, "forward-looking statements") within the meaning of applicable securities legislation, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, except for statements of historical fact, that relate to the anticipated future activities, plans, strategies, objectives or expectations of the Company, including the third quarter and fiscal year 2026 guidance and expected free cash flow, the presence of recoverability of estimated reserves, the expectation of delivering sustainable durable returns to shareholders in future years, plans regarding share buybacks and debt reduction, and timing and expectations regarding capital efficiencies and well completion and performance, are forward-looking statements. When used in this news release, the use of words and phrases including "anticipates," "believes," "continue," "could," "estimates," "expects," "focused on," "forecast," "guidance," "intends," "maintain," "may," "opportunities," "outlook," "plans," "potential," "strategy," "targets," "will," "would" and other similar terminology are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words or phrases. Readers are cautioned against unduly relying on forward-looking statements which, are based on current expectations and by their nature, involve numerous assumptions that are subject to both known and unknown risks and uncertainties (many of which are beyond our control) that may cause such statements not to occur, or actual results to differ materially and/or adversely from those expressed or implied. These assumptions include, without limitation: future commodity prices and basis differentials; the ability of the Company to access credit facilities and capital markets; the availability of attractive commodity or financial hedges and the enforceability of risk management programs; the Company's ability to capture and maintain gains in productivity and efficiency; the ability for the Company to generate cash returns and execute on its share buyback plan; expectations of plans, strategies and objectives of the Company, including anticipated production volumes and capital investment; the Company's ability to manage cost inflation and expected cost structures, including expected operating, transportation, processing and labor expenses; the outlook of the oil and natural gas industry generally, including impacts from war and changes to the geopolitical environment, including tariffs between the United States and Canada; and projections made in light of, and generally consistent with, the Company's historical experience and its perception of historical industry trends; and the other assumptions contained herein.
Although the Company believes the expectations represented by its forward-looking statements are reasonable based on the information available to it as of the date such statements are made, forward-looking statements are only predictions and statements of our current beliefs and there can be no assurance that such expectations will prove to be correct. All forward-looking statements contained in this news release are made as of the date of this news release and, except as required by law, the Company undertakes no obligation to update publicly, revise or keep current any forward-looking statements. The forward-looking statements contained or incorporated by reference in this news release, and all subsequent forward-looking statements attributable to the Company, whether written or oral, are expressly qualified by these cautionary statements.
The reader should carefully read the risk factors described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and in other filings with the SEC or Canadian securities regulators, for a description of certain risks that could, among other things, cause actual results to differ from these forward-looking statements. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.
Further information on Ovintiv Inc. is available on the Company's website, www.ovintiv.com, or by contacting:
Carvana (CVNA - Free Report) closed at $60.19 in the latest trading session, marking a -4.08% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.21%. Meanwhile, the Dow lost 0.97%, and the Nasdaq, a tech-heavy index, lost 2.15%.
The company's shares have seen a decrease of 7.6% over the last month, not keeping up with the Retail-Wholesale sector's gain of 2.27% and the S&P 500's gain of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Carvana in its upcoming earnings disclosure. The company's earnings report is set to go public on July 29, 2026. It is anticipated that the company will report an EPS of $0.42, marking a 61.54% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $6.96 billion, indicating a 43.8% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.64 per share and a revenue of $28.29 billion, representing changes of -2.96% and +39.19%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Carvana. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.54% upward. Carvana currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Carvana is currently exchanging hands at a Forward P/E ratio of 38.36. For comparison, its industry has an average Forward P/E of 16.93, which means Carvana is trading at a premium to the group.
It's also important to note that CVNA currently trades at a PEG ratio of 10.23. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Internet - Commerce industry stood at 1.11 at the close of the market yesterday.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
New York, New York, July 23, 2026 (GLOBE NEWSWIRE) -- Market Technology Acquisition Corp (the “Company”), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company today announced the pricing of its initial public offering of 20,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one Class A ordinary share at $11.50 per share. The units are expected to trade on the Global Market tier of The Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “MTAKU” beginning July 24, 2026. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols “MTAK” and “MTAKW,” respectively.
Stellar (XLM), a decentralized digital asset and payment protocol developed by the Stellar Development Foundation, is currently priced at $0.184 after losing 2.32% over the previous 24 hours. Built to enable fast, cost-effective international transactions, Stellar utilizes the Stellar Consensus Protocol for efficient and secure validation of payments.
Market fundamentals and recent price trendsThe Stellar blockchain distinguishes itself by allowing straightforward currency exchanges, supporting both fiat and digital assets, and maintaining extremely low network fees of just 0.00001 XLM per transaction. Its mission includes promoting financial inclusion for unbanked populations, particularly in emerging markets. Strategic alliances with major financial firms have further encouraged the adoption of its protocol.
XLM, the native asset of the network, serves as both a transaction fee token and a bridge currency for asset transfers. The original supply of 100 billion coins was reduced in 2019 when the Stellar Development Foundation implemented a major burn. At present, approximately 30.6 billion XLM are in circulation, with the protocol finding increasingly practical use cases in remittances and asset movement.
Technical indicators show XLM experiencing high volatility, evident from the wide Bollinger Bands in recent sessions. Resistance has formed at $0.202, while support lies at $0.175, reinforcing the current bearish sentiment. The Relative Strength Index stands at 45 on the daily chart, reflecting selling pressure as transaction volumes tilt toward sellers.
Integrating professional-grade crypto management tools is more crucial than ever as the market fluctuates. Platforms such as CryptoAppsy, which requires no account creation hassle, combine investments with live prices, advanced charts, and portfolio tracking across currencies. This unified dashboard also provides smart price alerts, targeted news, updates about altcoin listings, and macroeconomic indicators including Federal Reserve interest rates, helping users respond instantly to market developments and mitigate risks.
Short-term and long-term price outlookSimple and exponential moving averages lean toward “sell” signals on daily timeframes, with the 50-day SMA at $0.1947 and the 200-day SMA near $0.1801. The Fear and Greed Index reflects a moderate fear level at 31, while the 14-day RSI hovers at 47.68, close to neutral but bearish overall. According to multiple forecasts, XLM could range from $0.148 to $0.236 in July 2026 and might reach a high of $0.268176 over the entire calendar year.
Broader projections suggest a gradual price climb for XLM, with 2028 estimates ranging between $0.477102 and $0.566291 and a possible jump to $1.16 in 2032. The token’s long-term trajectory remains tied to its adoption for payments, network upgrades such as the anticipated Soroban smart contracts, and ongoing partnerships within the financial sector.
Stellar maintains its appeal as a blockchain for cross-border payments thanks to near-zero fees, real-time settlement, and a growing network of institutional participants. The network’s capability to offer simple exchanges between fiat and digital currencies and its recent onboarding of firms like MoneyGram as validators reflect its institutional progress, despite lingering market volatility.
Investment sentiment and analysts’ projectionsStellar’s focus on affordable, fast payments continues to serve as a core value proposition. Industry forecasts by firms such as CoinCodex and DigitalCoinPrice see the token trading between $0.23 and $0.28 in 2026, with room for upside if broader market conditions remain positive. Analysts note that XLM’s future performance will likely depend on increased demand, network upgrades, and its role in the tokenization of real world assets.
Nevertheless, competition from other blockchains and the high circulating supply present ongoing challenges for price appreciation. XLM’s history of major supply reductions and periodic volatility also factors into its current valuation.
Recent network updates, including MoneyGram and Figure Markets running Tier 1 validators, underscore the protocol’s continuing commitment to infrastructure reliability and institutional engagement.
Predictions indicate a steady price increase may be ahead, with XLM targets for 2031 and 2032 set at $1.01 and $1.16 as adoption grows and project developments continue to add utility to the Stellar blockchain.
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.
The Depository Trust & Clearing Corporation (DTCC), a key infrastructure provider for the US capital markets, has started adopting the Stellar blockchain network for on-chain settlement of financial transactions. DTCC handles post-trade processing and settlements for equities, bonds, and funds, and is a central player in ensuring the smooth functioning of financial markets.
Regulatory clarity attracts institutionsDTCC’s selection of Stellar represents a major step toward institutional adoption of public blockchain technology. The organization’s decision demonstrates that regulatory compliance does not necessarily prevent large financial institutions from integrating public blockchain networks into their operations.
Market analyst Rajachak75 pointed out that DTCC’s move marks the first instance of a major regulatory body utilizing a public chain while maintaining strict compliance standards. As a result, compliance concerns are increasingly being seen as surmountable obstacles rather than prohibitive barriers in blockchain adoption by regulated firms.
Mini dictionary: DTCC (Depository Trust & Clearing Corporation) – The main centralized clearinghouse for securities settlement and depository functions in the US. It plays a foundational role in both post-trade operations and safeguarding the integrity of American capital markets.
Opportunities for broader tokenizationDTCC’s initiative signals to asset managers, fund administrators, and custodians that tokenization within a regulated system is increasingly feasible. This development paves the way for financial instruments such as Treasuries, money market funds, and private credit products to shift onto blockchain platforms, while still ensuring that settlements are completed in accordance with regulatory requirements.
DTCC’s adoption of the Stellar network creates a template for institutional tokenization in the capital markets, with regulatory clarity guiding the process and opening the door for broader industrial adoption.
Furthermore, developers and exchanges are now presented with new opportunities to build tools that will align blockchain platforms with existing financial data standards. Bringing compliance and traceability onto the chain supports innovation while upholding necessary oversight.
Tokenized RWA market growsThe market for tokenized real world assets (RWAs) is expanding rapidly. Data from Token Terminal reports that the total value locked in tokenized RWAs exceeded $8 billion in 2025, underlining growing investor demand for blockchain-based financial products.
MetricValueYearTokenized RWA TVL$8 billion2025Industry observers believe that widespread adoption of cross-chain standards and full interoperability with existing DTCC systems will be crucial for blockchain technology’s deeper integration into regulated financial markets. If successful, DTCC’s use of the Stellar network may offer valuable insights into how regulated markets can further embrace blockchain solutions in the coming years.
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.
In the latest trading session, ConocoPhillips (COP - Free Report) closed at $120.20, marking a +1.19% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 1.21%. Meanwhile, the Dow experienced a drop of 0.97%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Prior to today's trading, shares of the energy company had gained 11.1% outpaced the Oils-Energy sector's gain of 5.23% and the S&P 500's gain of 0.42%.
Investors will be eagerly watching for the performance of ConocoPhillips in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 6, 2026. In that report, analysts expect ConocoPhillips to post earnings of $2.96 per share. This would mark year-over-year growth of 108.45%. At the same time, our most recent consensus estimate is projecting a revenue of $17.54 billion, reflecting a 18.98% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.2 per share and revenue of $66.91 billion. These totals would mark changes of +49.35% and +8.72%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ConocoPhillips. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 8.78% lower. As of now, ConocoPhillips holds a Zacks Rank of #4 (Sell).
From a valuation perspective, ConocoPhillips is currently exchanging hands at a Forward P/E ratio of 12.91. This denotes a discount relative to the industry average Forward P/E of 19.19.
We can also see that COP currently has a PEG ratio of 1.43. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Oil and Gas - Integrated - United States industry was having an average PEG ratio of 1.96.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 205, putting it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
In the latest trading session, Veeva Systems (VEEV - Free Report) closed at $179.58, marking a -2.69% move from the previous day. This move lagged the S&P 500's daily loss of 1.21%. Elsewhere, the Dow lost 0.97%, while the tech-heavy Nasdaq lost 2.15%.
The provider of cloud-based software services for the life sciences industry's stock has climbed by 14.38% in the past month, exceeding the Medical sector's gain of 3.97% and the S&P 500's gain of 0.42%.
Market participants will be closely following the financial results of Veeva Systems in its upcoming release. In that report, analysts expect Veeva Systems to post earnings of $2.22 per share. This would mark year-over-year growth of 11.56%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $904.07 million, up 14.57% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $9.05 per share and a revenue of $3.64 billion, demonstrating changes of +11.73% and +13.96%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Veeva Systems. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Veeva Systems currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Veeva Systems is currently trading at a Forward P/E ratio of 20.4. For comparison, its industry has an average Forward P/E of 26.45, which means Veeva Systems is trading at a discount to the group.
Investors should also note that VEEV has a PEG ratio of 0.58 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Medical Info Systems industry had an average PEG ratio of 2.89 as trading concluded yesterday.
The Medical Info Systems industry is part of the Medical sector. With its current Zacks Industry Rank of 76, this industry ranks in the top 31% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
BioNTech (BNTX +0.33%) rose to prominence several years ago thanks to its role in the coronavirus market. The company developed Comirnaty, one of the best-selling COVID-19 vaccines, with Pfizer (PFE +0.77%). However, vaccination rates have dropped significantly due to a combination of factors, including stricter market regulations. As a result, BioNTech's coronavirus business hasn't performed well recently. The good news is that the company's future no longer depends on its work in this industry. There is another much larger area BioNTech is targeting. Here's what investors need to know.
Image source: Getty Images.
The industry's largest therapeutic area The weight-loss market is grabbing headlines for its rapid growth. But the largest area in the industry by annual sales remains oncology. There are several reasons for that. Let's consider four of them. First, cancer is one of the world's leading causes of death. According to some estimates, in the U.S., one person in three will be diagnosed with cancer at some point in their lives. So, it is a fairly common disease with a significant annual death toll. Second, the oncology market is massive. There are dozens of types of cancer, and some corners of the industry remain underserved, which can attract even more drugmakers.
Third, because cancer is a life-threatening condition, regulators often grant cancer medicines in development special designations that can help speed up approval, a factor that incentivizes drugmakers to develop more of them. Lastly, cancer medicines often command high prices and can sometimes be administered over years. The cancer therapeutics space will continue to expand, and, according to some estimates, it will be worth $516.2 billion by 2035, with a compound annual growth rate of 9.3% over that period. That's the market where BioNTech is looking to carve out a meaningful niche. Can the company pull it off?
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BioNTech's exciting pipeline BioNTech has more than 25 phase 2 or phase 3 ongoing oncology clinical trials. This large pipeline should lead to at least a few approvals. Several of the company's products look particularly promising. Perhaps the most interesting is pumitamig, which BioNTech is developing in collaboration with Bristol Myers Squibb (BMY +1.23%). Pumitamig is a bispecific antibody, a class of medicines that bind to two different targets simultaneously, enabling it to direct the body's immune system to attack diseases like cancer more effectively than conventional antibodies.
Bispecific antibodies like pumitamig could gain significant traction in the coming years. The medicine has been dubbed a potential "Keytruda killer," or next-generation oncology medicines that could challenge Keytruda, currently the best-selling cancer drug on the market. Pumitamig is being investigated across cancers of the lung, kidney, breast, liver, colon, and rectum, among others. Pumitamig is well-positioned to earn approval within a couple of years and, eventually, generate well over $1 billion in annual sales. And that's just one of BioNTech's oncology candidates. Expect the company to improve its financial results significantly as it continues to make headway in this market.
Is BioNTech stock a buy? BioNTech's pipeline looks promising, even beyond its oncology-related work. The biotech is developing products in other areas, notably infectious diseases. It is working on vaccines for tuberculosis and even HIV. Clinical progress over the next few years could significantly strengthen its prospects. However, BioNTech's valuation is concerning. The stock is worth $23.2 billion, despite posting just $3.3 billion in revenue over the trailing-12-month period, and its sales are declining. The company isn't consistently profitable either.
The market appears to be placing a lot of faith in BioNTech's pipeline. That won't be a problem so long as the company's work in this area goes smoothly, but its share price could fall off a cliff at any sign of trouble. And there likely will be at least some signs of trouble -- it's hard for any biotech company to run a pipeline that large without encountering clinical or regulatory setbacks. My view is that, even though its pipeline looks exciting, BioNTech isn't attractive at current levels. Investors would be better off waiting for the stock to fall from its current levels before initiating a position.
TLDRCircle Forges Strategic Alliances with Kakao and Toss BankCircle Leverages Previous Korean Collaborations for Stablecoin GrowthSouth Korea Presents Prime Opportunities for Circle’s Payment Expansion Circle partners with Kakao Group to develop blockchain-based payment systems in South Korea. Toss Bank collaboration focuses on exploring stablecoin integration for payment services. New partnerships build upon existing relationships with Upbit, Bithumb, and Hana Bank. Kakao alliance extends Circle’s influence throughout Korea’s expansive digital ecosystem. Circle pursues compliant USDC payment expansion within South Korea’s regulatory framework. The stablecoin issuer Circle has strengthened its South Korean operations by establishing strategic partnerships with Kakao Group and Toss Bank. These collaborations emphasize developing blockchain-enabled payment systems and exploring stablecoin integration opportunities. Circle continues reinforcing its regional position by securing partnerships with prominent technology and financial sector players.
Circle Forges Strategic Alliances with Kakao and Toss Bank Circle formalized a memorandum of understanding (MOU) with Kakao Group to investigate blockchain-powered payment solutions throughout South Korea. This collaboration centers on digital transaction systems and wider blockchain technology implementations. Neither organization has disclosed specific product launches or deployment schedules.
Kakao commands one of South Korea’s most extensive digital platforms, encompassing messaging applications, payment processing, banking operations, and financial technology services. This alliance provides Circle with potential access to an ecosystem reaching millions of active users. The partners intend to evaluate blockchain innovations that could enhance future payment offerings.
Circle simultaneously initiated cooperation with Toss Bank to explore stablecoin-based payment solutions. The digital-only banking institution has recently intensified its blockchain engagement. Toss Bank previously established a partnership with the Solana Foundation to advance blockchain-powered financial infrastructure for international users.
Circle maintains its focus on cultivating partnerships with licensed financial entities throughout South Korea. The company prioritizes expanding real-world payment applications rather than developing a Korean won-denominated stablecoin. These recent agreements reinforce its broader regional expansion blueprint.
Circle Leverages Previous Korean Collaborations for Stablecoin Growth Circle established its South Korean presence through multiple strategic partnerships preceding these latest announcements. During April, the firm secured collaborative agreements with cryptocurrency exchanges Upbit and Bithumb. These platforms collectively dominate the nation’s cryptocurrency trading volume.
Subsequently, Circle finalized another memorandum of understanding with Hana Bank in May 2025. This relationship later broadened to encompass Hana Card. The collaborating entities focused on international remittance services and corporate treasury solutions utilizing USDC.
Circle has consistently stated it has no plans to introduce a Korean won-backed stablecoin. The company instead advocates for USDC as a dollar-denominated payment instrument. This approach contrasts with domestic stablecoin development initiatives.
KakaoBank progressed its won-backed stablecoin development efforts throughout late 2025. The two organizations may pursue independent stablecoin initiatives within the Korean market. Their partnership emphasizes payment infrastructure development rather than collaborative digital currency issuance.
South Korea Presents Prime Opportunities for Circle’s Payment Expansion South Korea represents a critical marketplace for blockchain payment innovation and regulated digital asset infrastructure. The nation features sophisticated digital banking systems alongside widespread mobile payment utilization. These factors position Circle to capitalize on stablecoin-powered financial service opportunities.
Kakao launched its blockchain initiatives with Klaytn in 2019. The platform subsequently integrated into the Kaia blockchain throughout 2024. This evolution produced a high-throughput Layer-1 blockchain capable of supporting diverse blockchain applications.
Circle garnered significant interest from South Korean retail investors following its public market debut in 2025. The organization simultaneously advanced partnership development across financial institutions and technology enterprises. Its territorial strategy emphasizes compliant payment infrastructure and streamlined cross-border transaction capabilities.
South Korea enforces rigorous digital asset regulations while simultaneously promoting blockchain technological advancement. The government prohibited initial coin offerings in 2017 and established mandatory exchange registration protocols. Circle nevertheless continues forging partnerships aligned with the nation’s regulated financial ecosystem.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
AMD officially launches rack-mounted AI system Helios, set to begin shipping soon.
The AMD Advancing AI Conference was held in San Francisco from July 22 to 23. At the event, AMD CEO Lisa Su announced that Helios has entered full production and will begin shipping soon. OpenAI’s Head of Infrastructure stated that the company plans to deploy AMD Helios at scale, and OpenAI will collaborate with AMD to develop the MI500 series AI chips and their subsequent products. Additionally, Su said AMD is partnering with chip design firm Cerebras to deliver high-speed inference capabilities via Cerebras’ cloud services. The joint product of AMD and Cerebras will hit the market later this year. The AMD-Cerebras system will launch an AI inference solution combining AMD Helios GPU server racks and Cerebras’ wafer-scale chips. CNBC analysis points out that a year ago, Su projected the 2028 AI accelerator market would reach $500 billion. The latest forecast puts the market size at the end of this decade roughly equivalent to the current entire semiconductor market. Su noted that GPUs will account for the majority of this share.
14 minutes ago
Trump: To use Iranian funds to compensate for ship and cargo losses
US President Trump stated, "Until further notice, effective immediately, all and any damages caused to vessels, cargo, or any related items shall be compensated using Iranian funds currently held and controlled by the United States. Although such compensation amounts may be substantial, this remains a fair and reasonable approach."
14 minutes ago
The United States has imposed additional tariffs ranging from 10% to 12.5% on 60 economies, with the measures taking effect today.
The Office of the United States Trade Representative (USTR) issued a notice on local time the 23rd, announcing that under Section 301 of the Trade Act of 1974, it would impose additional tariffs of 10% to 12.5% on dozens of countries and regions under the pretext of so-called "forced labor" to replace the expiring global import tariffs. The new tariffs will take effect at 12:00 noon ET on the 24th (12:00 noon Beijing time on the same day). The USTR stated that as the 10% global tariff is set to expire, this round of tariffs will be levied on 60 economies, covering more than 99% of U.S. trade volume. Senior U.S. officials added that tariff measures for goods in transit will take effect at 12:01 a.m. ET on July 28 (12:01 noon Beijing time on the same day). Imported goods including fuel, food, and fertilizers will be exempt from the new tariffs; products subject to specific industry-specific tariffs (such as automobiles, metals, and pharmaceuticals) are also excluded from the levy. Additionally, goods covered by the United States-Mexico-Canada Agreement (USMCA) will also be granted exemptions. U.S. officials noted that the new tariffs will not be imposed in tandem with existing steel and aluminum import taxes, namely the "Section 232" tariffs implemented by the Trump administration last year on national security grounds.
14 minutes ago
Intel's revenue and outlook beat expectations, with its stock rising 13% in after-hours trading.
Intel (INTC.O) released an unexpectedly strong revenue forecast, indicating that surging data center spending is helping the chipmaker achieve its long-awaited recovery. The company said it expects third-quarter sales to reach $15.8 billion to $16.8 billion. Even the lower end of this range easily exceeds analysts’ average forecast of $15.1 billion. This forecast highlights Intel’s growth momentum among data center customers, who are urgently needing chips to meet AI computing demands. Last quarter, sales in this segment surged 59%, more than twice Intel’s overall revenue growth. After the earnings release, Intel’s stock rose 13% in after-hours trading. Additionally, Intel’s second-quarter revenue of $16.13 billion also exceeded the market expectation of $14.43 billion.
14 minutes ago
Iraqi Prime Minister: Iraq will not allow actions threatening Iran to be launched from its territory.
According to a statement released by Iraq's Prime Minister's Press Office on the 23rd, Iraqi Prime Minister al-Zaidi visited Iran that day and held talks with Iranian President Pezeshkian in Tehran, the capital of Iran. Al-Zaidi stated that Iraq and Iran's security are closely linked, and Iraq will never allow any actions threatening Iran to be launched from its territory. Pezeshkian noted that security and stability are of great significance to the development of bilateral relations.
In a recent setback for DeFi ecosystem participants active on Arbitrum, the perpetuals trading platform AFX Trade experienced a substantial security breach targeting one of its proprietary bridges. Blockchain security firm Blockaid first identified the incident around 21:30 UTC on July 22, 2026, reporting that attackers had extracted approximately $24.15 million in USDC from the affected contract.
AFX Trade operates as a USDC-settled derivatives exchange on the Arbitrum network, offering users leveraged trading opportunities across various assets.
Deposits and withdrawals typically route through its dedicated bridge infrastructure, which held roughly $24.2 million in USDC prior to the event—nearly its entire locked value according to DeFiLlama data.
The exploit effectively emptied most of these funds, highlighting vulnerabilities that can arise even in established Layer-2 environments.
Blockaid detected an exploit at 2026-07-22 21:30 UTC targeting @AFX_XYZ, a protocol on @arbitrum. The exploit was specific to a bridge that AFX operates. Approximately 24.15M USDC has been drained thus far from the protocol.
Our team has been working with the incredible folks on… https://t.co/0Qd9ve5gPB
— Blockaid (@blockaid_) July 22, 2026
Importantly, the breach was confined to AFX Trade’s own bridge implementation and did not involve Arbitrum’s native bridge infrastructure.
Steven Goldfeder, co-founder of Offchain Labs (the team behind Arbitrum), quickly addressed community concerns.
He confirmed that the suspicious transaction originated from a third-party protocol and emphasized that Arbitrum’s core bridging system remained secure and uncompromised.
The Arbitrum team is actively investigating alongside affected parties.
Blockaid has been collaborating closely with Arbitrum developers and AFX Trade to manage the response, investigate the root cause, and explore options for containing or recovering the stolen assets.
On-chain observers, including PeckShield and Lookonchain, tracked the attacker’s subsequent moves: the drained USDC was rapidly bridged to Ethereum mainnet and converted into roughly 12,467 ETH at an average price near $1,937.
The funds now sit in an attacker-controlled address, a common tactic to obscure trails and hinder immediate recovery efforts.
This event underscores the persistent challenges bridges face in DeFi. These components often custody large asset pools while relying on intricate smart contract logic and cross-chain messaging, making them attractive targets.
AFX Trade’s bridge had seen growing deposits in recent weeks, rising from about $19.3 million in mid-June, which likely increased its visibility to potential adversaries.
The incident follows other recent security events on Arbitrum, such as the mid-July exploit affecting Ostium’s vault.
While no official statement from AFX Trade had appeared on its social channels shortly after the breach, users and the broader ecosystem await updates on compensation plans, enhanced security measures, or any forensic findings.
Market reactions remained relatively contained in the immediate aftermath, with minimal movement in ARB and ETH prices.
However, such exploits can erode confidence in protocol-specific infrastructure and prompt heightened scrutiny of bridge designs across Arbitrum-based projects.
Developers and users alike are reminded of the importance of rigorous audits, ongoing monitoring, and diversified risk management in decentralized trading environments.
As investigations continue, this case serves as yet another concerning reminder of the evolving threat landscape in Layer-2 DeFi. Protocols must prioritize robust, isolated security for auxiliary components like bridges to safeguard user funds and maintain ecosystem trust.
Coinbase is expanding its push into AI-powered finance, enabling businesses to accept USDC payments from autonomous AI agents as part of a broader expansion of its payment, trading and developer tools.
According to a Thursday X post, Coinbase Business users will be able to accept USDC (USDC) payments from AI agents through the x402 payment standard, which Coinbase first introduced in May 2025 to enable stablecoin payments over HTTP for AI agents, applications and APIs.
The post also announced AI trading tools that let users monitor orders, access live market data, and execute actions based on predefined conditions, as well as a software development kit for developers building agent-powered applications.
Coinbase said the products are designed to support the “agentic economy,” where AI agents can make payments, manage finances and complete other tasks on behalf of users.
The company said adoption of AI agents is accelerating, noting that agent-generated traffic surpassed human traffic on its Base documentation pages for the first time last month. However, it added that the internet’s financial infrastructure was built with “one assumption: a human clicking the button,” which has left businesses, developers and users without tools designed for AI agents.
The rollout comes as companies increasingly position stablecoins and blockchain-based payments as infrastructure for AI agents, an emerging use case that several exchanges and payment companies are targeting.
Magazine: Here’s why the CLARITY Act’s ethics deal may be so hard to reach
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Coinbase is expanding its push into AI-powered finance, enabling businesses to accept USDC payments from autonomous AI agents as part of a broader expansion of its payment, trading and developer tools.
According to a Thursday X post, Coinbase Business users will be able to accept USDC (USDC) payments from AI agents through the x402 payment standard, which Coinbase first introduced in May 2025 to enable stablecoin payments over HTTP for AI agents, applications and APIs.
The post also announced AI trading tools that let users monitor orders, access live market data, and execute actions based on predefined conditions, as well as a software development kit for developers building agent-powered applications.
Coinbase said the products are designed to support the “agentic economy,” where AI agents can make payments, manage finances and complete other tasks on behalf of users.
The company said adoption of AI agents is accelerating, noting that agent-generated traffic surpassed human traffic on its Base documentation pages for the first time last month. However, it added that the internet’s financial infrastructure was built with “one assumption: a human clicking the button,” which has left businesses, developers and users without tools designed for AI agents.
The rollout comes as companies increasingly position stablecoins and blockchain-based payments as infrastructure for AI agents, an emerging use case that several exchanges and payment companies are targeting.
Magazine: Here’s why the CLARITY Act’s ethics deal may be so hard to reach
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Coinbase has announced a major expansion into AI-powered financial services, introducing USDC payment acceptance for businesses via autonomous AI agents. This initiative forms part of a wider effort to enhance the company’s suite of payment, trading, and developer solutions.
AI-driven payments and new standardsCoinbase stated that firms using its business platform can now accept USDC transactions from AI agents, leveraging the x402 payment standard. First launched in May 2025, x402 enables automated stablecoin payments over HTTP for AI agents, applications, and APIs. This new system targets the growing demand for seamless financial transactions carried out by artificial intelligence on behalf of users and institutions.
Mini dictionary: x402 payment standard, a protocol developed by Coinbase that enables AI agents and applications to send and receive stablecoin payments autonomously over HTTP, facilitating financial transactions without direct human input.
USDC is a widely used stablecoin issued by Circle and maintained at a 1:1 peg with the US dollar, designed for secure and efficient digital transactions. Coinbase’s integration of USDC payments aims to simplify financial processes in the evolving area of AI-powered commerce.
New trading tools for businessesCoinbase’s update also introduces advanced AI trading tools, giving users the ability to monitor order books, access real-time market data, and automate trading based on preset conditions. These functions can help businesses respond quickly to market fluctuations and execute strategies using AI capabilities.
The company revealed that it had released a software development kit to support developers in creating agent-driven applications, broadening access to these AI-powered tools. By enabling both businesses and independent developers to deploy AI agents for finance, Coinbase seeks to support a new wave of innovation across sectors.
Underlying trends in the agentic economyCoinbase said these product launches are intended to support the emergence of an “agentic economy,” where AI agents independently manage payments, financial planning, and other administrative tasks. The company observed a recent surge in usage by AI agents, with agent-driven traffic surpassing human traffic for the first time last month on its Base documentation pages.
Despite this rapid adoption, Coinbase emphasized that most web-based financial infrastructure still assumes human interaction, such as pressing a button to approve a payment. This gap, the company argued, leaves businesses and developers without appropriate systems tailored for AI agents, slowing down the adoption of automated financial workflows.
Coinbase underscored the accelerating pace of AI adoption in finance, stating that, “For the first time last month, agent-generated traffic outnumbered human traffic on our Base documentation pages.”
The company continues to develop tools and protocols specifically designed for non-human actors, aiming to ensure that financial systems are equipped for future needs driven by advanced AI technology.
Stablecoins gain momentum in AI and blockchain integrationThe move by Coinbase aligns with broader industry trends, as more payments and exchange companies position blockchain-based stablecoins, like USDC, as essential infrastructure for AI agents. This collaboration between AI and digital assets is seen as key for the next generation of automated commerce and decentralized applications.
Coinbase, established in 2012, is a leading US-based cryptocurrency exchange and fintech company, known for its role in popularizing crypto assets among both retail and institutional investors.
As the use of autonomous agents in finance expands, companies like Coinbase are investing in tools that allow seamless interaction between AI and blockchain systems, advancing the “agentic economy” and transforming how businesses manage digital payments.
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.
In the latest close session, Groupon (GRPN - Free Report) was down 9.01% at $25.41. This change lagged the S&P 500's daily loss of 1.21%. On the other hand, the Dow registered a loss of 0.97%, and the technology-centric Nasdaq decreased by 2.15%.
Prior to today's trading, shares of the online daily deal service had gained 52.4% outpaced the Retail-Wholesale sector's gain of 2.27% and the S&P 500's gain of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Groupon in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.08, reflecting a 117.39% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $127.42 million, indicating a 1.37% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.17 per share and a revenue of $519.48 million, signifying shifts of +91.75% and +4.23%, respectively, from the last year.
Any recent changes to analyst estimates for Groupon should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 34.21% fall in the Zacks Consensus EPS estimate. Groupon is currently sporting a Zacks Rank of #3 (Hold).
The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 158, placing it within the bottom 36% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
