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LOS ANGELES--(BUSINESS WIRE)--OP Bancorp (the “Company”) (NASDAQ: OPBK), parent company of Open Bank, today reported:                   ($ in thousands, except per share data)   As of and For the Quarter   First Quarter Highlights   2Q2026   1Q2026   2Q2025   Comparisons reflect 2Q26 vs. 1Q26 Income Statement:               Income Statement Net interest income   $ 20,068     $ 20,523     $ 19,721     Revenue continued to grow. Reversal of provision reflected the payoff of a previously reserved.

EFFINGHAM, Ill., July 23, 2026 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income available to common shareholders of $17.7 million, or $0.82 per diluted share, for the second quarter of 2026, compared to net income available to common shareholders of $16.2 million, or $0.74 per diluted share, for the first quarter of 2026. This also compares to net income available to common shareholders of $9.8 million, or $0.44 per diluted share, for the second quarter of 2025.

2026 Second Quarter Results

Net income available to common shareholders of $17.7 million, or $0.82 per diluted share.Return on average assets of 1.22% and return on average tangible common equity of 16.27%.Adjusted pre-provision net revenue of $32.8 million, or 2.01% of average assets, compared to $30.5 million, or 1.91% of average assets, for the first quarter of 2026.Net interest margin of 3.98% compared to 3.91% in the prior quarter.Community Bank loan portfolio increased $6.3 million, or 0.7% annualized, compared to prior quarter. Total loans decreased $94.9 million, primarily due to anticipated runoff within specialty finance and non-core portfolios.Total capital to risk-weighted assets of 15.77% and common equity tier 1 capital of 10.39%.Ratio of nonperforming assets to total assets of 0.91%, flat compared to prior quarter.
Discussion of Outlook; President & Chief Executive Officer, Jeffrey G. Ludwig:

“Our second quarter results demonstrate the continued progress we’ve made transforming Midland into a higher-performing community bank. Core profitability remained strong, our net interest margin expanded, capital increased above our near-term target, and our Community Bank continued to generate growth in deposits and customer relationships while we further simplified our balance sheet through the planned runoff of specialty finance and non-core loan portfolios.

"Net interest margin expansion was driven by favorable loan repricing and continued optimization of our earning assets. Total deposits increased $267 million, while we further reduced our reliance on higher-cost brokered deposits. We also strengthened our capital position, increasing our common equity Tier 1 ratio to 10.4%, while continuing to return capital to shareholders through share repurchases.

"While we recognized a higher charge-off associated with the resolution of a previously identified nonperforming commercial real estate credit, broader credit trends continued to improve, including reductions in past due and substandard loans. Looking ahead, we remain focused on disciplined growth across our Community Bank, expanding our wealth management business following a record quarter, and leveraging our stronger financial position to deliver consistent earnings growth and long-term shareholder value.”

Financial Highlights and Key Performance Indicators

  As of and for the Three Months Ended  June 30, March 31, December 31, September 30, June 30,(dollars in thousands, except per share data)  2026   2026   2025   2025   2025 Diluted earnings (loss) per common share $0.82  $0.74  $(0.24) $0.24  $0.44 Return on average assets (annualized)  1.22%  1.16%  (0.17)%  0.43%  0.67%Return on average tangible common equity (annualized) (1)  16.27%  14.88%  (4.46)%  4.72%  8.87%Adjusted pre-provision net revenue to average assets (annualized) (1)  2.01%  1.91%  1.86%  1.81%  1.86%Net interest margin (annualized)  3.98%  3.91%  3.74%  3.79%  3.56%Efficiency ratio (1)  60.61%  62.17%  63.01%  61.01%  59.85%Noninterest expense to average assets  3.12%  3.16%  4.54%  2.86%  2.80%Net charge-offs to average loans (annualized)  1.17%  0.64%  3.69%  0.99%  2.34%Tangible book value per share at period end (1) $21.41  $20.77  $20.70  $21.16  $20.68 Common shares outstanding at period end  20,725,814   20,813,975   21,169,854   21,543,557   21,515,138 Trust assets under administration $4,782,625  $4,474,234  $4,478,999  $4,363,756  $4,181,180 
(1) Non-GAAP financial measures. Refer to pages 10-11 for a reconciliation to the comparable GAAP financial measures.
Key Points for Second Quarter and Outlook

Growth Trends in Community Bank & Wealth Management

Total loans at June 30, 2026 were $4.24 billion, a decrease of $94.9 million from March 31, 2026, reflecting the continued planned runoff of specialty finance and non-core portfolios, which more than offset Community Bank loan growth. Average loan balances in the Community Bank increased approximately $83 million, or 2.5%, during the quarter, supported by continued commercial loan production and growth in commercial and industrial commitments. Period-end balances were impacted by the timing of several larger fundings shifting into the third quarter and elevated loan payoffs. Key changes in the loan portfolio were as follows:
Community Bank balances increased $6.3 million, or 0.7% annualized.Specialty finance loans decreased $81.4 million to $532.1 million from March 31, 2026.Non-core loans, which include our third-party lending and servicing programs and remaining equipment finance portfolio, decreased $19.7 million to $308.4 million from March 31, 2026. Total deposits were $5.71 billion at June 30, 2026, an increase of $267.2 million from March 31, 2026. Key changes in deposits were as follows:
Retail and commercial deposits increased $98.4 million and $116.4 million, respectively, driven primarily by growth in new accounts as a result of targeted initiatives.Public funds and servicing deposits increased $120.2 million and $23.8 million, respectively.Higher-cost brokered deposits decreased $100.9 million. Wealth Management revenue totaled $8.8 million in the second quarter of 2026. Assets under administration were $4.78 billion at June 30, 2026, compared to $4.47 billion at March 31, 2026, driven primarily by improved market performance. Net Interest Margin

Net interest margin was 3.98%, up seven basis points compared to the first quarter of 2026, driven primarily by a favorable shift in investment securities mix, a one basis point increase in loan yields, and a continued decline in funding costs. The cost of deposits decreased three basis points to 1.78% in the second quarter of 2026, as a result of continued pricing discipline. The following table presents the Company’s net interest margin for the second quarter of 2026 compared to the first quarter of 2026 and the second quarter of 2025.

  For the Three Months Ended(dollars in thousands) June 30, 2026 March 31, 2026 June 30, 2025Interest-earning assets Average Balance Interest & Fees Yield/Rate Average Balance Interest & Fees Yield/Rate Average Balance Interest & Fees Yield/RateCash and cash equivalents $108,157 $987 3.66% $89,412 $809 3.67% $67,326 $716 4.27%Investment securities (1)  1,617,474  19,540 4.85   1,592,433  18,702 4.76   1,367,180  17,164 5.04 Loans (1)(2)  4,268,168  67,195 6.31   4,254,321  66,044 6.30   5,123,558  79,240 6.20 Loans held for sale  8,431  128 6.10   6,892  102 6.01   44,642  377 3.39 Nonmarketable equity securities  30,285  534 7.07   31,547  583 7.50   38,803  694 7.17 Total interest-earning assets  6,032,515  88,384 5.88   5,974,605  86,240 5.85   6,641,509  98,191 5.93 Noninterest-earning assets  495,663      496,233      513,801    Total assets $6,528,178     $6,470,838     $7,155,310                       Interest-Bearing Liabilities                  Interest-bearing deposits $4,512,697 $24,526 2.18% $4,430,873 $24,203 2.22% $4,845,609 $32,290 2.67%Short-term borrowings  28,521  202 2.84   33,236  231 2.82   60,117  573 3.82 FHLB advances & other borrowings  249,044  2,349 3.78   273,444  2,670 3.96   363,505  3,766 4.16 Subordinated debt  27,027  380 5.64   27,022  380 5.70   77,757  1,394 7.19 Trust preferred debentures  52,128  1,131 8.70   51,948  1,121 8.75   51,439  1,206 9.40 Total interest-bearing liabilities  4,869,417  28,588 2.35   4,816,523  28,605 2.41   5,398,427  39,229 2.91 Noninterest-bearing deposits  1,012,592      996,926      1,075,945    Other noninterest-bearing liabilities  84,416      87,907      108,819    Shareholders’ equity  561,753      569,482      572,119    Total liabilities and shareholders’ equity $6,528,178     $6,470,838     $7,155,310                       Net Interest Margin   $59,796 3.98%   $57,635 3.91%   $58,962 3.56%                   Cost of Deposits     1.78%     1.81%     2.19%
(1) Interest income and average rates for tax-exempt loans and investment securities are presented on a tax-equivalent basis, assuming a federal income tax rate of 21%. Tax-equivalent adjustments totaled $0.2 million, $0.2 million, and $0.3 million for the three months ended June 30, 2026, March 31, 2026, and June 30, 2025, respectively.
(2) Average loan balances include nonaccrual loans. Interest income on loans includes amortization of deferred loan fees, net of deferred loan costs.

Trends in Noninterest Income and Expense

Noninterest income was $23.8 million for the second quarter of 2026 compared to $22.1 million for the first quarter of 2026. Noninterest income for the first quarter of 2026 included $2.1 million of gains from the sale of the Company’s residential servicing portfolio and a portion of the Company’s commercial servicing portfolio, losses of $1.7 million from the sale of investment securities, and a $1.7 million loss related to our limited partnership investments. Excluding these transactions, noninterest income for the first quarter of 2026 was $23.5 million.Noninterest expense remained relatively flat for the second quarter of 2026 at $50.8 million compared to $50.4 million for the first quarter of 2026.Income tax expense was $5.9 million, resulting in an effective tax rate of 22.9% for the second quarter of 2026 compared to 23.4% and 19.1% for the first quarter of 2026 and second quarter of 2025, respectively. We currently expect our effective tax rate to be approximately 23% for the full year, subject to changes in earnings mix, state tax legislation, and other factors. Continued Progress on Credit Quality

Loans 30-89 days past due decreased to $11.0 million, or 0.26% of total loans, at June 30, 2026, compared to $20.3 million, or 0.47% of total loans, at March 31, 2026. Substandard accruing loans decreased by $20.4 million to $71.5 million at June 30, 2026.Nonperforming loans increased to $60.9 million, or 1.43% of total loans, at June 30, 2026, compared to $58.8 million, or 1.36% of total loans, at March 31, 2026.Net charge-offs were $12.5 million for the second quarter of 2026, including an $8.6 million charge-off on a previously identified nonperforming commercial real estate relationship in our Community Bank portfolio. The charge-off reflects the execution of a resolution strategy for the relationship following the borrower’s acceptance of a purchase agreement for the underlying collateral.Provision for credit losses on loans was $7.1 million for the second quarter of 2026, driven primarily by the replenishment of reserve balances resulting from the net charge-off activity during the quarter, partially offset by improved credit quality metrics, including favorable past due and delinquency trends, and anticipated continued runoff of our specialty finance and non-core loan portfolios.Allowance for credit losses on loans was $62.5 million, or 1.47% of total loans, at June 30, 2026, compared to an allowance of $67.9 million, or 1.56% of total loans, at March 31, 2026. The table below summarizes certain information regarding the Company’s loan portfolio asset quality for the periods presented.

  As of and for the Three Months Ended  June 30, March 31, December 31, September 30, June 30,(dollars in thousands)
  2026   2026   2025   2025   2025 Asset Quality          Loans 30-89 days past due $10,984  $20,266  $17,079  $26,019  $40,959 Nonperforming loans  60,879   58,791   65,483   68,703   80,112 Nonperforming assets  61,235   59,305   66,089   70,369   81,775 Substandard accruing loans  71,526   91,963   76,000   78,901   58,478 Net charge-offs  12,465   6,747   43,492   12,309   29,855 Loans 30-89 days past due to total loans  0.26%  0.47%  0.39%  0.53%  0.81%Nonperforming loans to total loans  1.43%  1.36%  1.50%  1.41%  1.59%Nonperforming assets to total assets  0.91%  0.91%  1.01%  1.02%  1.15%Allowance for credit losses to total loans  1.47%  1.56%  1.59%  2.07%  1.84%Allowance for credit losses to nonperforming loans  102.69%  115.45%  105.71%  146.84%  115.70%Net charge-offs to average loans (annualized)  1.17%  0.64%  3.69%  0.99%  2.34%
Capital

As previously announced, the Company’s board of directors authorized a share repurchase program, pursuant to which the Company was authorized to repurchase up to $45.0 million of its common stock through December 31, 2026. During the second quarter of 2026, the Company repurchased $2.7 million of its common stock (113,208 shares of its common stock at a weighted average price of $24.05), resulting in approximately $24.9 million in remaining repurchase authority under the program.

The Company and Midland States Bank exceeded all regulatory capital requirements under Basel III, and Midland States Bank met the qualifications to be a ‘‘well-capitalized’’ financial institution, as summarized in the following table:

  As of June 30, 2026  Midland States Bank Midland States Bancorp, Inc. Minimum Regulatory Requirements (2)Total capital to risk-weighted assets 14.84% 15.77% 10.50%Tier 1 capital to risk-weighted assets 13.59% 13.97% 8.50%Common equity Tier 1 capital to risk-weighted assets 13.59% 10.39% 7.00%Tier 1 leverage ratio 10.08% 10.37% 4.00%Tangible common equity to tangible assets (1) N/A 6.64% N/A   As of March 31, 2026  Midland States Bank Midland States Bancorp, Inc. Minimum Regulatory Requirements (2)Total capital to risk-weighted assets 14.42% 15.27% 10.50%Tier 1 capital to risk-weighted assets 13.17% 13.48% 8.50%Common equity Tier 1 capital to risk-weighted assets 13.17% 9.98% 7.00%Tier 1 leverage ratio 10.10% 10.35% 4.00%Tangible common equity to tangible assets (1) N/A 6.62% N/A
(1) Non-GAAP financial measure. Refer to pages 10-11 for a reconciliation to the comparable GAAP financial measure.
(2) Includes the capital conservation buffer of 2.5%, as applicable.
About Midland States Bancorp, Inc.

Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of June 30, 2026, the Company had total assets of approximately $6.70 billion, and its Wealth Management Group had assets under administration of approximately $4.78 billion. The Company provides a full range of commercial and consumer banking products and services, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit https://www.midlandsb.com/ or https://www.linkedin.com/company/midland-states-bank.

Non-GAAP Financial Measures

Some of the financial measures included in this press release are not measures calculated in accordance with GAAP.

These non-GAAP financial measures include “Adjusted pre-provision net revenue,” “Adjusted pre-provision net revenue to average assets,” “Adjusted earnings,” “Adjusted earnings available to common shareholders,” “Adjusted diluted earnings per common share,” “Return on average tangible common equity,” “Efficiency ratio,” “Tangible common equity to tangible assets,” and “Tangible book value per share.” The Company believes these non-GAAP financial measures provide both management and investors a more complete understanding of the Company’s profitability and asset profile, and that the tangible asset-based measures are commonly used by investors in evaluating value of financial institutions and their equity securities. These non-GAAP financial measures are supplemental and are not a substitute for any analysis based on GAAP financial measures. Not all companies use the same calculation of these measures; therefore, the measures in this press release may not be comparable to other similarly titled measures as presented by other companies.

Forward-Looking Statements

Readers should note that in addition to the historical information contained herein, this press release includes "forward-looking statements" within the meanings of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to statements about the Company’s plans, objectives, future performance, goals and future earnings levels, including currently anticipated levels of noninterest income and operating expenses. These statements are subject to many risks and uncertainties, including changes in interest rates and other general economic, business and political conditions; the impact of federal trade policy, inflation, deposit volatility and potential regulatory developments; the performance of our loan portfolio and our ability to manage credit risk; changes in the financial markets; the effects of armed conflict, including the scope and duration of disruptions in global energy markets relating to war in the Middle East; changes in the business environment resulting from the adoption of artificial intelligence, including fraud and cybersecurity risk; operational risks, including with respect to fraud and information technology; changes in business plans as circumstances warrant; changes to U.S. and state tax laws, regulations and guidance; and other risks detailed from time to time in filings made by the Company with the Securities and Exchange Commission, including the risk factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2025, which are incorporated herein by reference. Readers should note that the forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "will," “should,” "propose," "may," "plan," "seek," "expect," "intend," "estimate," "anticipate," "believe," "continue," “outlook,” “trends,” or similar terminology. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

MIDLAND STATES BANCORP, INC.CONSOLIDATED FINANCIAL SUMMARY (unaudited)             As of  June 30, March 31, December 31, September 30, June 30,(dollars in thousands)  2026   2026   2025   2025   2025 Assets          Cash and cash equivalents $298,747  $113,658  $127,811  $166,147  $176,587 Investment securities  1,657,313   1,596,220   1,527,236   1,383,121   1,354,652 Loans  4,243,704   4,338,573   4,352,004   4,867,587   5,035,295 Allowance for credit losses on loans  (62,519)  (67,875)  (69,219)  (100,886)  (92,690)Total loans, net  4,181,185   4,270,698   4,282,785   4,766,701   4,942,605 Loans held for sale  8,944   6,709   7,781   7,535   37,299 Premises and equipment, net  82,898   84,169   85,134   86,005   86,240 Other real estate owned  356   514   606   393   393 Loan servicing rights, at lower of cost or fair value  11,316   11,688   11,932   16,165   16,720 Goodwill  7,927   7,927   7,927   7,927   7,927 Other intangible assets, net  7,495   8,159   8,876   9,619   10,362 Company-owned life insurance  222,757   220,630   218,554   216,494   214,392 Credit enhancement asset  13,642   13,476   12,557   5,765   5,800 Other assets  208,036   214,115   222,221   245,643   254,901 Total assets $6,700,616  $6,547,963  $6,513,420  $6,911,515  $7,107,878            Liabilities and Shareholders' Equity          Noninterest-bearing demand deposits $1,010,128  $1,013,808  $1,040,411  $1,015,930  $1,074,212 Interest-bearing deposits  4,697,150   4,426,259   4,383,968   4,588,895   4,872,707 Total deposits  5,707,278   5,440,067   5,424,379   5,604,825   5,946,919 Short-term borrowings  7,645   153,425   60,181   146,766   8,654 FHLB advances  258,000   238,000   293,000   373,000   345,000 Subordinated debt  27,030   27,024   27,019   27,014   77,759 Trust preferred debentures  52,219   52,035   51,857   51,684   51,518 Other liabilities  78,756   78,458   91,485   124,225   104,323 Total liabilities  6,130,928   5,989,009   5,947,921   6,327,514   6,534,173 Total shareholders’ equity  569,688   558,954   565,499   584,001   573,705 Total liabilities and shareholders’ equity $6,700,616  $6,547,963  $6,513,420  $6,911,515  $7,107,878  MIDLAND STATES BANCORP, INC.
CONSOLIDATED FINANCIAL SUMMARY (unaudited) (continued)
              For the Three Months Ended
  June 30, March 31, December 31, September 30, June 30,
(dollars in thousands, except per share data)  2026   2026   2025   2025   2025 Net interest income:           Interest income $88,177  $86,022  $92,095  $98,493  $97,924 Interest expense  28,588   28,605   33,393   37,376   39,229 Net interest income  59,589   57,417   58,702   61,117   58,695 Provision for credit losses:           Provision for credit losses on loans  7,109   5,403   11,825   20,505   17,369 Recapture of credit losses on unfunded commitments  (290)  (400)  (200)  (500)  — Total provision for credit losses  6,819   5,003   11,625   20,005   17,369 Net interest income after provision for credit losses  52,770   52,414   47,077   41,112   41,326 Noninterest income:           Wealth management revenue  8,768   8,248   8,272   8,018   7,379 Service charges on deposit accounts  3,449   3,355   3,573   3,598   3,351 Interchange revenue  3,553   3,528   3,437   3,445   3,463 Residential mortgage banking revenue  686   626   690   735   756 Income on company-owned life insurance  2,127   2,076   2,060   2,102   2,068 Gain (loss) on sales of investment securities, net  —   (1,731)  —   14   — Credit enhancement income (loss)  3,081   3,360   6,876   (242)  3,848 Other income  2,104   2,660   1,959   2,346   2,669 Total noninterest income  23,768   22,122   26,867   20,016   23,534 Noninterest expense:           Salaries and employee benefits  27,354   26,157   25,906   26,393   25,685 Occupancy and equipment  4,229   4,535   4,353   4,206   4,166 Data processing  6,994   7,065   6,834   7,186   7,035 Professional services  1,665   2,242   2,321   2,017   2,792 Amortization of intangible assets  664   717   743   743   827 Loss on sale of loan portfolios  —   —   23,051   —   — Impairment on leased assets and surrendered assets  —   —   684   —   — FDIC insurance  781   529   3,739   1,512   1,422 Other expense  9,068   9,179   9,561   7,757   8,065 Total noninterest expense  50,755   50,424   77,192   49,814   49,992 Income (loss) before income taxes  25,783   24,112   (3,248)  11,314   14,868 Income tax expense (benefit)  5,895   5,649   (360)  3,757   2,844 Net income (loss)  19,888   18,463   (2,888)  7,557   12,024 Preferred stock dividends  2,228   2,228   2,228   2,229   2,228 Net income (loss) available to common shareholders $17,660  $16,235  $(5,116) $5,328  $9,796             Basic earnings (loss) per common share $0.82  $0.74  $(0.24) $0.24  $0.44 Diluted earnings (loss) per common share $0.82  $0.74  $(0.24) $0.24  $0.44 Weighted average common shares outstanding  21,074,683   21,301,246   21,854,033   21,863,911   21,820,190 Weighted average diluted common shares outstanding  21,074,683   21,301,246   21,854,033   21,863,911   21,820,190  MIDLAND STATES BANCORP, INC.
CONSOLIDATED FINANCIAL SUMMARY (unaudited)(continued)
                  As of
  June 30, March 31, December 31, September 30, June 30,
(dollars in thousands)  2026   2026   2025   2025   2025 Loan Portfolio Mix               Commercial loans $1,185,730  $1,216,511  $1,178,521  $1,476,533  $1,544,386 Equipment finance leases  37,086   43,803   50,981   310,983   347,155 Total commercial loans and leases  1,222,816   1,260,314   1,229,502   1,787,516   1,891,541 Commercial real estate  2,296,978   2,322,198   2,342,664   2,336,661   2,383,361 Construction and land development  243,840   276,469   286,140   260,073   258,729 Residential real estate  347,664   344,511   349,623   353,475   361,261 Consumer  132,406   135,081   144,075   129,862   140,403 Total loans $4,243,704  $4,338,573  $4,352,004  $4,867,587  $5,035,295                 Loan Portfolio Segment               Regions               Eastern $978,944  $989,596  $972,031  $927,977  $897,348 Northern  771,844   758,815   711,702   724,695   753,590 Southern  700,937   713,592   729,368   725,892   778,124 St. Louis  951,505   934,974   915,126   896,005   884,685 Total Community Bank  3,403,230   3,396,977   3,328,227   3,274,569   3,313,747 Specialty finance  532,070   613,514   668,183   642,167   670,566 Non-core loan program and other(1)  308,404   328,082   355,594   950,851   1,050,982 Total loans $4,243,704  $4,338,573  $4,352,004  $4,867,587  $5,035,295                 Deposit Portfolio Mix               Noninterest-bearing demand $1,010,128  $1,013,808  $1,040,411  $1,015,930  $1,074,212 Interest-bearing:               Checking  2,094,880   1,886,212   1,855,215   1,996,501   2,180,717 Money market  1,242,303   1,295,781   1,248,942   1,240,885   1,216,357 Savings  640,292   495,899   487,742   486,953   511,470 Time  694,642   723,055   748,942   804,740   818,813 Brokered time  25,033   25,312   43,127   59,816   145,350 Total deposits $5,707,278  $5,440,067  $5,424,379  $5,604,825  $5,946,919                 Deposit Portfolio by Channel               Retail $3,003,073  $2,904,695  $2,823,064  $2,791,085  $2,811,838 Commercial  1,325,592   1,209,210   1,193,637   1,248,445   1,145,369 Public Funds  576,188   455,982   473,381   605,474   618,172 Wealth & Trust  243,549   242,977   265,747   263,765   304,626 Servicing  502,335   478,496   498,496   498,892   785,659 Brokered Deposits  25,033   125,949   143,192   167,228   248,707 Other  31,508   22,758   26,862   29,936   32,548 Total deposits $5,707,278  $5,440,067  $5,424,379  $5,604,825  $5,946,919 
(1) Non-core loan programs refer to loan portfolios originated through third parties or capital markets, including loans to finance the sale of the GreenSky portfolio, and equipment financing loans and leases. MIDLAND STATES BANCORP, INC.RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES (unaudited)           Adjusted Earnings Reconciliation             For the Three Months Ended  June 30, March 31, December 31, September 30, June 30,(dollars in thousands, except per share data)  2026   2026   2025   2025   2025 Income (loss) before income tax expense (benefit) – GAAP $25,783  $24,112  $(3,248) $11,314  $14,868 Adjustments to noninterest income:          (Gain) loss on sales of investment securities, net  —   1,731   —   (14)  — Gain on sale of mortgage servicing rights  —   (2,077)  —   —   — Loss on limited partnership investments  176   1,689   134   315   1,028 Total adjustments to noninterest income  176   1,343   134   301   1,028 Adjustments to noninterest expense:          Loss on sale of loan portfolios  —   —   (23,051)  —   — Total adjustments to noninterest expense  —   —   (23,051)  —   — Adjusted earnings pre-tax – non-GAAP  25,959   25,455   19,937   11,615   15,896 Adjusted earnings tax expense  5,941   6,002   5,726   3,836   3,114 Adjusted earnings – non-GAAP  20,018   19,453   14,211   7,779   12,782 Preferred stock dividends  2,228   2,228   2,228   2,229   2,228 Adjusted earnings available to common shareholders $17,790  $17,225  $11,983  $5,550  $10,554 Adjusted diluted earnings per common share $0.82  $0.79  $0.54  $0.25  $0.48            Adjusted Pre-Provision Net Revenue Reconciliation             For the Three Months Ended  June 30, March 31, December 31, September 30, June 30,(dollars in thousands, except per share data)  2026   2026   2025   2025   2025 Adjusted earnings pre-tax – non-GAAP $25,959  $25,455  $19,937  $11,615  $15,896 Provision for credit losses  6,819   5,003   11,625   20,005   17,369 Adjusted pre-provision net revenue $32,778  $30,458  $31,562  $31,620  $33,265 Adjusted pre-provision net revenue to average assets (annualized)  2.01%  1.91%  1.86%  1.81%  1.86% Return on Average Tangible Common Equity             For the Three Months Ended  June 30, March 31, December 31, September 30, June 30,(dollars in thousands)  2026   2026   2025   2025   2025 Net income available to common shareholders $17,660  $16,235  $(5,116) $5,328  $9,796            Average total shareholders' equity – GAAP $561,753  $569,482  $582,698  $576,431  $572,119 Adjustments:          Preferred stock  (110,548)  (110,548)  (110,548)  (110,548)  (110,548)Goodwill  (7,927)  (7,927)  (7,927)  (7,927)  (7,927)Other intangible assets, net  (7,813)  (8,487)  (9,320)  (9,978)  (10,744)Average tangible common equity $435,465  $442,520  $454,903  $447,978  $442,900            Return on average tangible common equity (annualized)  16.27%  14.88%  (4.46)%  4.72%  8.87% MIDLAND STATES BANCORP, INC.RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES (unaudited)(continued)           Efficiency Ratio Reconciliation             For the Three Months Ended  June 30, March 31, December 31, September 30, June 30,(dollars in thousands)  2026   2026   2025   2025   2025 Noninterest expense – GAAP $50,755  $50,424  $77,192  $49,814  $49,992 Loss on sale of loan portfolios  —   —   (23,051)  —   — Adjusted noninterest expense $50,755  $50,424  $54,141  $49,814  $49,992            Net interest income – GAAP $59,589  $57,417  $58,702  $61,117  $58,695 Effect of tax-exempt income  207   218   221   209   267 Adjusted net interest income  59,796   57,635   58,923   61,326   58,962            Noninterest income – GAAP  23,768   22,122   26,867   20,016   23,534 (Gain) loss on sales of investment securities, net  —   1,731   —   (14)  — Gain on sale of mortgage servicing rights  —   (2,077)  —   —   — Loss on limited partnership investments  176   1,689   134   315   1,028 Adjusted noninterest income  23,944   23,465   27,001   20,317   24,562            Adjusted total revenue $83,740  $81,100  $85,924  $81,643  $83,524            Efficiency ratio  60.61%  62.17%  63.01%  61.01%  59.85% Tangible Common Equity to Tangible Assets Ratio and Tangible Book Value Per Share             As of  June 30, March 31, December 31, September 30, June 30,(dollars in thousands, except per share data)  2026   2026   2025   2025   2025 Shareholders' Equity to Tangible Common Equity        Total shareholders' equity – GAAP $569,688  $558,954  $565,499  $584,001  $573,705 Adjustments:          Preferred Stock  (110,548)  (110,548)  (110,548)  (110,548)  (110,548)Goodwill  (7,927)  (7,927)  (7,927)  (7,927)  (7,927)Other intangible assets, net  (7,495)  (8,159)  (8,876)  (9,619)  (10,362)Tangible common equity $443,718  $432,320  $438,148  $455,907  $444,868            Total Assets to Tangible Assets:          Total assets – GAAP $6,700,616  $6,547,963  $6,513,420  $6,911,515  $7,107,878 Adjustments:          Goodwill  (7,927)  (7,927)  (7,927)  (7,927)  (7,927)Other intangible assets, net  (7,495)  (8,159)  (8,876)  (9,619)  (10,362)Tangible assets $6,685,194  $6,531,877  $6,496,617  $6,893,969  $7,089,589            Common Shares Outstanding  20,725,814   20,813,975   21,169,854   21,543,557   21,515,138            Tangible Common Equity to Tangible Assets  6.64%  6.62%  6.74%  6.61%  6.27%Tangible Book Value Per Share $21.41  $20.77  $20.70  $21.16  $20.68 
A PDF accompanying this announcement is available at: http://ml.globenewswire.com/Resource/Download/50d57e9d-7816-49fc-8392-1535351bc127

The beverage company reported net income of $51.6 million as its shipment volume decreased 4.5% year-over-year.

July 23, 2026 17:29 ET  | Source: Archrock

HOUSTON, July 23, 2026 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock” or the “Company”) today announced that its Board of Directors has declared an increased quarterly dividend of $0.23 per share of common stock, or $0.92 per share on an annualized basis. The second quarter 2026 dividend will be paid on August 11, 2026, to all stockholders of record on August 4, 2026.

The second quarter 2026 dividend per share amount represents an increase of approximately 5 percent over the Archrock first quarter 2026 dividend level and an increase of approximately 10 percent over the Archrock second quarter 2025 dividend level.

“This dividend increase, our fifth in the last two years, reflects our confidence in the durable demand outlook for natural gas compression and Archrock’s long-term growth. Backed by a strong balance sheet and growing cash flow, we remain focused on investing in profitable growth and returning cash to shareholders,” said Brad Childers, Archrock’s President and Chief Executive Officer.

About Archrock

Archrock is an energy infrastructure company with a primary focus on midstream natural gas compression and a commitment to helping its customers produce, compress and transport natural gas in a safe and environmentally responsible way. Headquartered in Houston, Texas, Archrock is a premier provider of natural gas compression services to customers in the energy industry throughout the U.S. and a leading supplier of aftermarket services to customers that own compression equipment. For more information on how the Company embodies its purpose, WE POWER A CLEANER AMERICA™, visit www.archrock.com.

Forward-Looking Statements

This press release contains forward-looking statements, which include statements about Archrock’s future financial performance and dividends. These statements are not guarantees of future performance or actions. Forward-looking statements rely on a number of assumptions concerning future events and are subject to risks and uncertainties. If one or more of these risks or uncertainties materialize, actual results may differ materially from those contemplated by a forward-looking statement. Forward-looking statements speak only as of the date on which they are made. Archrock expressly disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. A further list and description of risks, uncertainties and other matters can be found in Archrock’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, Archrock’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and as set forth from time to time in Archrock’s filings with the Securities and Exchange Commission. These filings are available online at www.sec.gov and www.archrock.com.

For information, contact:

Megan Repine
Vice President, Investor Relations
(281) 836-8360
[email protected]

First Interstate BancSystem (FIBK - Free Report) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +35.94%. A quarter ago, it was expected that this holding company for First Interstate Bank would post earnings of $0.6 per share when it actually produced earnings of $0.61, delivering a surprise of +1.67%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

First Interstate BancSystem, which belongs to the Zacks Banks - Midwest industry, posted revenues of $265.3 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 7.58%. This compares to year-ago revenues of $249.7 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

First Interstate BancSystem shares have added about 11% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for First Interstate BancSystem?While First Interstate BancSystem has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for First Interstate BancSystem was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.67 on $252.15 million in revenues for the coming quarter and $2.66 on $998.55 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, German American Bancorp (GABC - Free Report) , is yet to report results for the quarter ended June 2026.

This financial services holding company is expected to post quarterly earnings of $0.92 per share in its upcoming report, which represents a year-over-year change of +7%. The consensus EPS estimate for the quarter has been revised 0.4% higher over the last 30 days to the current level.

German American Bancorp's revenues are expected to be $98.43 million, up 9.5% from the year-ago quarter.

, /PRNewswire/ -- The Chemours Company ("Chemours" or "the Company") (NYSE: CC) today announced that the Company expects to issue its second quarter 2026 financial results after market on Tuesday, August 4, 2026.

The Company expects to hold its conference call to discuss its second quarter 2026 financial results at 8:00 a.m. Eastern Daylight Time on Wednesday, August 5, 2026. The call is open to the public and can be accessed via the webcast information below. The webcast and materials can be accessed by visiting the "Events and Presentations" section of the Investor Relations section of Chemours' website at investors.chemours.com.

Conference Call: Please visit investors.chemours.com for a link to the live webcast and to view the accompanying slides.

Replay: A webcast replay will be available at investors.chemours.com.

About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses – Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers' biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 5,700 employees and 28 manufacturing sites and serves approximately 2,400 customers in approximately 110 countries. For more information, visit chemours.com or follow us on LinkedIn. 

CONTACTS:

INVESTORS
Brandon Ontjes
Vice President, Head of Strategy & Investor Relations
+1.302.773.3300 
[email protected] 

NEWS MEDIA
Cassie Olszewski
Media Relations & Reputation Leader
+1.302.219.7140
[email protected]

SOURCE The Chemours Company

EastGroup Properties, Inc. (EGP) Q2 2026 Earnings Call July 23, 2026 10:00 AM EDT

Company Participants

Marshall Loeb - CEO & Director
R. Dunbar - President
Staci Tyler - Executive VP, CFO & Treasurer
Brent Wood - Executive VP & Chief Operating Officer

Conference Call Participants

Nicholas Joseph - Citigroup Inc., Research Division
Samir Khanal - BofA Securities, Research Division
Blaine Heck - Wells Fargo Securities, LLC, Research Division
Alexander Goldfarb - Piper Sandler & Co., Research Division
Michael Griffin - Evercore ISI Institutional Equities, Research Division
Brendan Lynch - Barclays Bank PLC, Research Division
Michael Carroll - RBC Capital Markets, Research Division
Michael Mueller - JPMorgan Chase & Co, Research Division
Todd Thomas - KeyBanc Capital Markets Inc., Research Division
Richard Anderson - Cantor Fitzgerald & Co., Research Division
David Rodgers - Raymond James & Associates, Inc., Research Division
Nicholas Thillman - Robert W. Baird & Co. Incorporated, Research Division
John Kim - BMO Capital Markets Equity Research
Ronald Kamdem - Morgan Stanley, Research Division
Vikram Malhotra - Mizuho Securities USA LLC, Research Division
Omotayo Okusanya - Deutsche Bank AG, Research Division

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to the EastGroup Properties Second Quarter 2026 Conference Call and Webcast Conference Call. [Operator Instructions] This call is being recorded on Thursday, July 23, 2026.

I would now like to turn the conference over to Marshall Loeb, the CEO. Please go ahead.

Marshall Loeb
CEO & Director

Good morning, and thanks for calling in for our second quarter 2026 conference call. As always, we appreciate your interest. I'm happy to say that joining me on this morning's call are Reid Dunbar, our President; Staci Tyler, our CFO; and Brent Wood, our COO. Since we'll make forward-looking statements, we ask that you listen to the following disclaimer.

Unknown Executive

Please note that our conference call today will contain financial measures such as PNOI and

AppFolio (APPF - Free Report) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $1.38 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +2.40%. A quarter ago, it was expected that this property management software maker would post earnings of $1.44 per share when it actually produced earnings of $1.61, delivering a surprise of +11.81%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

AppFolio, which belongs to the Zacks Internet - Software industry, posted revenues of $281.12 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.50%. This compares to year-ago revenues of $235.57 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

AppFolio shares have lost about 30.3% since the beginning of the year versus the S&P 500's gain of 9.6%.

What's Next for AppFolio?While AppFolio has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for AppFolio was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.71 on $291.71 million in revenues for the coming quarter and $6.75 on $1.12 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the bottom 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Quantum Computing Inc. (QUBT - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026.

This company is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of +16.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Quantum Computing Inc.'s revenues are expected to be $4.7 million, up 7733.3% from the year-ago quarter.

LAUSANNE, Switzerland & SAN JOSE, Calif.--(BUSINESS WIRE)--Logitech Publishes Annual Report for Fiscal Year 2026.

Sean Leary Named Head of Consumer Servicing Operations for the Auto Finance Business

, /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today announced that Sean Leary has been named Head of Consumer Servicing Operations for the Auto Finance business. In this critical, enterprise-focused role, Leary will report to Doug Timmerman, President of Dealer Financial Services.

Leary most recently served as Ally's Chief Financial Planning and Investor Relations Officer, where he led corporate financial planning and analysis, line-of-business finance activities, procurement and investor relations, where he was responsible for Ally's engagement with the investor and analyst community. Since joining Ally in 2008, he has developed broad expertise across finance, balance sheet management, capital management, and procurement. Leary brings a strong track record of enterprise leadership, financial discipline, and broad business acumen developed over his tenure at Ally.

Investor Relations will be led by Dan Ignacio, Executive Director of Investor Relations & Corporate FP&A, reporting to Russ Hutchinson, Chief Financial Officer. Ignacio has spent more than 11 years at Ally, entirely within the CFO Group, including two separate stints in Investor Relations as well as in roles across Auto and Corporate FP&A.

"I've worked closely with Sean throughout my time in the CFO organization and have great respect for how he leads – with discipline, partnership, and genuine care for the people around him," said Russ Hutchinson, Chief Financial Officer. "Beyond his financial expertise, Sean has been a strong contributor to Ally's culture and to developing the next generation of talent in our organization. I look forward to seeing him bring that same leadership to this new role in dealer financial services. He leaves Investor Relations in excellent hands with Dan, who leads a strong, experienced team well-positioned to continue delivering for our investors and the analyst community."

Leary will transition to the new role over the next few weeks.

About Ally Financial
Ally Financial Inc. (NYSE: ALLY) includes the nation's largest all-digital bank and auto finance business, driven by a mission to "Do It Right" for its customers and communities. Ally is a U.S. financial holding company with $200 billion in assets and 9.6 million customers (June 30, 2026). Ally Bank, Member FDIC, offers online banking products, including high-yield savings and no hidden fee checking, and was the first major U.S. bank to eliminate overdraft fees. Ally also provides investing solutions through Ally Invest, including online brokerage, automated investing, IRAs and personal financial advice. As a leader in auto finance, Ally provides consumer and dealer financing, insurance, and vehicle remarketing services. Ally's seasoned corporate finance business provides capital to equity sponsors and middle-market companies. Visit ally.com.

Contacts:

Dan Ignacio
Ally Investor Relations
704-444-5107
[email protected] 

Peter Gilchrist
Ally Communications (Media)
704-644-6299
[email protected]

SOURCE Ally Financial

, /PRNewswire/ -- Uranium Energy Corp (NYSE American: UEC) (the "Company" or "UEC") is pleased to announce the following results of the Company's recent annual meeting of stockholders held on July 23, 2026 (the "AGM"):

Amir Adnani, Spencer Abraham, David Kong, Vincent Della Volpe, Gloria Ballesta and Trecia Canty were elected to the Board of Directors of the Company; The appointment of PricewaterhouseCoopers LLP, Chartered Professional Accountants, was ratified as the Company's independent registered accounting firm for the fiscal year ending July 31, 2026; and The Company's non-binding vote on the compensation of its named executive officers was approved. For complete results on all matters voted on at the AGM, please see the Company's Current Report on Form 8-K filed on EDGAR at www.sec.gov.

Following the AGM the following Executive Officers of the Company were re-appointed by the Board of Directors of the Company:

Amir Adnani:           President and Chief Executive Officer;

Josephine Man:      Chief Financial Officer, Treasurer and Secretary;

Scott Melbye          Executive Vice President; and

Brent Berg              Senior Vice President, U.S. Operations.

About Uranium Energy Corp

Uranium Energy Corp is America's largest and fastest growing uranium company. The Company controls the largest uranium resource base and the most licensed production capacity in the United States, totaling approximately 12 million pounds per year across its Wyoming and South Texas platforms. In Canada, the Company controls one of the most extensive land and resource portfolios in the Athabasca Basin, anchored by the Roughrider Project in Saskatchewan. Through its wholly owned subsidiary, United States Uranium Refining & Conversion Corp, UEC is pursuing domestic refining and conversion capabilities to further strengthen the U.S. nuclear fuel supply chain. UEC maintains a 100% unhedged uranium strategy, providing full exposure to uranium market fundamentals. The Company is managed by professionals with decades of experience across uranium exploration, development, production and fuel cycle infrastructure.

Stock Exchange Information:
NYSE American: UEC
WKN: AØJDRR
ISN: US9168961038

SOURCE Uranium Energy Corp

The logo of GE Healthcare is seen on their plant in the IDA (Industrial Development Agency) estate, in Carrigtwohill, County Cork, Ireland March 28, 2025. REUTERS/Clodagh Kilcoyne Purchase Licensing Rights, opens new tab

CompaniesJuly 23 (Reuters) - GE HealthCare's (GEHC.O), opens new tab Chief Financial Officer Jay Saccaro will step down from his role to ​pursue an opportunity outside the medical technology industry, the ‌company said on Thursday, and also reported preliminary second-quarter results.

The medical device maker named its current controller and chief accounting officer George ​Newcomb as interim CFO while it looks for a ​permanent replacement. Saccaro will remain with the company ⁠through August 14 to help with the handover.

Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up here.

Finance leadership reshuffles ​are taking place across the broader healthcare industry. Pfizer (PFE.N), opens new tab named an interim ​finance chief in June after Dave Denton announced his departure, and Baxter International (BAX.N), opens new tab appointed an interim CFO in March following Joel Grade's exit.

GE HealthCare ​said it expects second-quarter revenue to increase 5.7% from ​a year earlier, or 3.5% on an organic basis, while it reaffirmed ‌its ⁠full-year forecast.

Quarterly diluted and adjusted earnings are expected to come in higher than a year ago and above what the company had forecast earlier, GE HealthCare said.

The Chicago-based firm ​previously lowered its full-year ​profit forecast ⁠when it reported first-quarter results, citing persistent inflation in memory-chip, oil and freight costs as ​well as tariff-related pressures stemming from the ​Middle East ⁠conflict.

Newcomb brings more than three decades of finance experience to the interim role, the company said. He has been its ⁠controller ​since 2016 and took on the ​chief accounting officer position when the firm spun off from General Electric in ​2023.

Reporting by Padmanabhan Ananthan in Bengaluru; Editing by Pooja Desai

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Today, we’re introducing Permissioned Pools, a new hook standard for Uniswap v4 that enables permissioned asset trading through Automated Market Makers (AMMs) with compliance enforced directly onchain.

Permissioned Pools were built in collaboration with leading teams bringing regulated assets onchain. Launch partners include Superstate, Securitize, and Dowgo: part of a growing set of issuers and platforms seeking compliant access to onchain markets for tokenized funds, securities, equities, and other permissioned assets.

Bringing permissioned assets to AMMs The tokenized asset market is estimated to reach $11 trillion by 2030. As more regulated assets move onchain, issuers need infrastructure that can enforce each asset’s compliance rules. Uniswap Permissioned Pools are the first generalized, open source, institutional-grade standard for trading regulated assets on an AMM. Instead of relying on a frontend gate or an offchain compliance check, the pool itself verifies whether a wallet is approved before a swap or liquidity action goes through. The issuer keeps control of the allowlist, while approved users can access onchain trading and settle through Uniswap v4.

For issuers, this opens a path to AMM liquidity and DeFi composability without giving up required controls. For approved investors, it means direct onchain trading for assets that previously couldn't trade on an AMM at all.

How Permissioned Pools work Permissioned Pools use Uniswap v4 hooks to extend the functionality of a regular pool without breaking the security and interoperability guarantees of the protocol. The particular hook implements logic that checks an issuer-managed allowlist on every swap, verifies allowlist status before a user mints an LP position, and provides support for the administration controls permissioned assets require. These checks happen at the protocol level, not on the frontend.

Behind the scenes, the design uses Uniswap v4 virtual accounting to perform all exchange calculations remotely while permissioned assets remain held in a permissioned contract. You can learn more about this mechanism in the docs.

Uniswap powers tokenized value Permissioned Pools bring a new standard for compliant trading, while the protocol itself stays permissionless. Developers and asset issuers can choose the approach that fits: deploy pools and build on v4 permissionlessly, or deploy a permissioned pool for a specific asset.

Tokenization’s next phase needs standardized market infrastructure that can handle compliance requirements, without compromising permissionless access. Permissioned Pools are the result of deep collaboration between the teams defining the standard, the teams building the compliance layer beneath it, and the issuers and assets putting it to use.

Superstate, an early design partner, helped shape the Permissioned Pool standard for tokenized equities and funds. Uniswap Labs and Securitize collaborated early on to ensure DS Protocol-issued tokens could trade compliantly onchain, laying the groundwork that Permissioned Pools now extends. Dowgo contributed the ERC-3643 integration for Permissioned Pools, and will use the standard once they receive DLT TSS authorization under the EU's DLT Pilot Regime.

With these institutions already building on the hook, Permissioned Pools lay the groundwork for the next generation of value coming onchain.

Get started

Robinhood CEO’s official Twitter account posts suspicious messages, suspected of being hacked.

Robinhood CEO Vlad Tenev’s X account was reportedly hacked, leading to an abnormal post published in the early morning that announced the launch of Robinhood Chain’s so-called "official" mascot token Vladhood (VLAD), along with the token’s contract address. The token’s contract page was later flagged as "SCAM" in the Robinhood Chain block explorer, alerting users to potential fraud risks. The post has since been removed.

4 hours ago

AMD saw a short-term drop of more than 5%, while Helios has entered full-scale production and is nearing shipment.

According to market data from BIT (bit.com), AMD (AMD.O) shares have fallen to an intraday low, currently down 4.72%, after earlier rising 0.66%. AMD CEO Lisa Su just announced the launch of the Helios AI server full rack, noting that Helios has entered full-scale production and will begin shipping soon; the MI450 AI accelerator will become the industry's highest-performance AI accelerator.

4 hours ago

SpaceX has released the live stream page for its 13th Starship flight, with today’s launch probability currently reported at 64%.

According to PolyBeats' monitoring, SpaceX has just released the official live stream page for its 13th Starship flight test, which lists the live stream start time as 6:14 AM (UTC+8) on the 24th. On prediction market Polymarket, the "yes" probability for the question "Will SpaceX launch Starship today (local time 23rd)?" is currently at 64%, while the probability of a launch this month stands at 91%. Starship Flight 13 previously aborted automatically roughly 1 second before clearing the launch pad on the morning of July 17. The U.S. Federal Aviation Administration (FAA), in its latest operational plan released today, continues to list SpaceX’s 13th Starship flight test as a scheduled task for the day. Flight 13 is now targeted for launch as early as 17:45 local time in Texas, or 06:45 Beijing time on July 24, with a 90-minute launch window extending to 08:15 Beijing time. Real-time data from Next Spaceflight shows all 19 launch preparation conditions—including rocket testing, stacking, airspace notices, and maritime warnings—have been completed, with no new technical faults or delay announcements reported to date. --------------------------------- Be among the first to glimpse the future. Follow @PolyBeats_Bot See tomorrow, today. Follow @PolyBeatsEN

4 hours ago

Citrini’s view: Bullish on AMD, bearish on NVIDIA. Coding AI is eroding NVIDIA’s competitive moat from the software side, marking the end of its CUDA moat.

Citrini analyst Jukan, citing recent core views from DeepSeek founder Liang Wenfeng, pointed out that AI-driven code generation and high-level programming languages like TileLang are rapidly lowering entry barriers to the CUDA ecosystem. While DeepSeek uses NVIDIA GPUs to train its V3 model, it has significantly reduced its reliance on NVIDIA’s software ecosystem via its self-developed compiler and TileLang environment. Earlier, Liang projected that porting TileLang and DeepSeek’s compiler to Huawei chips would largely resolve China’s chip ecosystem issues in about a year, with production capacity being the only remaining bottleneck. Liang quantified the China-U.S. chip gap: hardware efficiency is roughly four times lower, and there is a roughly two-year time lag. He also revealed that DeepSeek is working closely with Huawei, expecting to obtain around 16,000 Huawei AI chips, and the Huawei 950 SuperNode can replace the workloads of NVIDIA’s GB200/GB300. Analyst Jukan characterized this as "the end of CUDA’s moat" and holds a highly bearish outlook on NVIDIA. Jukan added that this line of reasoning is precisely one reason for being bullish on AMD: advances in coding AI will also naturally accelerate the development of the ROCm ecosystem, helping narrow its gap with CUDA. When AMD recently invested in Anthropic, it announced it would actively use Claude Code for chip design and software engineering. Overall, advances in AI programming tools are systematically eroding NVIDIA’s competitive barriers from the software side. China’s chip ecosystem issues will be rapidly resolved thanks to code generation capabilities, while AMD will benefit from ROCm’s accelerated growth. The CUDA moat NVIDIA relies on to retain developer loyalty is facing a two-pronged attack, and catching up in hardware efficiency and production capacity is only a matter of time.

4 hours ago

AMD: AI Accelerator Market to Reach $1.4 Trillion by 2030

AMD CEO Lisa Su stated that the AI accelerator market is projected to reach $1.4 trillion by 2030. AI accelerators are specialized hardware designed for AI computing tasks such as matrix operations in deep learning, capable of processing massive parallel workloads with far higher efficiency and energy efficiency than traditional CPUs. Mainstream types include NVIDIA GPUs and custom ASICs from vendors like Broadcom, which serve as the core computing backbone driving large model training and inference.

4 hours ago

Data: Approximately 75% of BMEX tokens have never been claimed or put into circulation, with only 8% allocated at the time of listing.

On-chain visualization analytics platform Bubblemaps noted that after BitMEX announced it would officially cease operations in September, its platform token BMEX plummeted by roughly 95% today. However, per the token economics model released in 2021, 92% of BMEX tokens are locked in vesting contracts, with only 8% allocated at launch — 5% via airdrop and 3% for product and liquidity purposes. On-chain data shows the only token withdrawal occurred on November 2, 2022, when the product and liquidity address received 63.75 million BMEX. Meanwhile, approximately 75% of tokens originally earmarked for employee incentives, ecosystem growth, and long-term reserves have never been withdrawn and have never entered circulation. Bubblemaps added that this is not necessarily a violation, but per the publicly disclosed allocation plan, these large portions of tokens have indeed never been actually distributed. BlockBeats previously reported that notably, the platform’s current handling of BMEX tokens is very limited, with no additional compensation or special arrangements. The only action explicitly mentioned in BitMEX’s official shutdown announcement today is that the platform has immediately unstaked all staked BMEX tokens and returned them directly to holders’ accounts. Per BitMEX’s earlier announcement, BMEX is a pure platform utility token, not equity, debt, or an asset with promised returns. The official disclaimer states that BMEX is only used for features such as trading fee discounts and staking rewards on the BitMEX platform, does not constitute an investment, and the platform assumes no refund or exchange liability.

4 hours ago

@Uniswap has announced Permissioned Pools, a new hook standard for Uniswap v4, developed alongside real-world asset (RWA) platforms @SuperstateInc and @Securitize. The feature brings compliance enforcement directly onchain, opening the decentralized exchange's liquidity infrastructure to regulated financial instruments for the first time.

What Permissioned Pools Do Permissioned Pools enforce compliance checks and issuer-defined controls at the protocol level, rather than relying on off-chain gatekeeping. This means issuers of tokenized funds, securities, and equities can tap into Uniswap's Automated Market Maker (AMM) ecosystem while preserving the regulatory oversight required for institutional-grade assets.

The design is made possible by Uniswap v4's hooks architecture, which allows developers to attach custom logic to pool operations. Developers can innovate on top of the Uniswap Protocol's liquidity and security to create customized AMM pools through hooks that integrate with v4's smart contracts. Permissioned Pools use this mechanism to run issuer-specified policy checks on every swap and liquidity action.

Launch partners include Superstate, Securitize, and Dowgo, part of a growing set of issuers and platforms seeking compliant access to onchain markets for tokenized funds, securities, equities, and other permissioned assets.

Why It Matters for the RWA Market The timing reflects the rapid expansion of tokenized assets more broadly. By Q1 2026, rwa.xyz tracks more than $30 billion in tokenized assets across six categories, led by tokenized U.S. Treasuries and private credit. Both launch partners are central to that growth. Securitize powers a significant share of that market, including BlackRock's BUIDL fund, the largest tokenized money market product in the world. Superstate, meanwhile, partners with issuers to bring securities onchain, enabling access to new investor capital through Opening Bell for tokenized equity issuers and FundOS for asset managers launching tokenized funds.

The Uniswap collaboration addresses a long-standing tension in DeFi: permissionless liquidity pools are poorly suited to regulated assets that require know-your-customer checks, sanctions screening, and jurisdiction controls. By embedding those controls directly into the hook layer, Permissioned Pools let institutional issuers participate in onchain liquidity without compromising their compliance obligations.

For Uniswap, the move signals a deliberate push into institutional finance, where the RWA sector is drawing increasing interest from traditional asset managers and regulators alike.

Sources:
Introducing Permissioned Pools on Uniswap v4 (Investegate / FinanceWire)
Uniswap v4 Is Here (Uniswap Labs Blog)
Top RWA Tokenization Platforms in 2026 (Chainstack)

The v4 hook enforces issuer allowlists onchain at the protocol level, with Superstate, Securitize, and Dowgo as launch partners.

Uniswap introduced Permissioned Pools, a new hook standard for its v4 protocol that lets regulated assets trade through automated market makers while enforcing compliance rules directly onchain, the company said in a blog post published Thursday.

Rather than relying on a frontend gate or an offchain compliance check, the pool itself verifies whether a wallet is approved before a swap or liquidity action goes through, with the issuer keeping control of the allowlist. The hook checks that allowlist on every swap and verifies status before a user mints a liquidity position, running the checks at the protocol level rather than on the frontend.

Launch partners include Superstate, Securitize, and Dowgo, issuers and platforms seeking compliant onchain access for tokenized funds, securities, equities, and other permissioned assets. Superstate, an early design partner, helped shape the standard for tokenized equities and funds, while Dowgo contributed the ERC-3643 integration.

UNI traded down 1.6% over the prior 24 hours, with a market capitalization near $2.36 billion.

Institutional-Grade StandardUniswap described Permissioned Pools as the first generalized, open source, institutional-grade standard for trading regulated assets on an AMM. That superlative comes from the company itself and has not been independently verified here.

On its official X account, Uniswap said the hook brings permissioned assets to the AMM "with compliance checks enforced at the protocol level," built in collaboration with the launch partners. Securitize, a tokenization platform, said separately that the standard "gives regulated assets access to AMM liquidity while preserving issuer-defined controls."

The move targets tokenized real-world assets, a market Uniswap cited as estimated to reach $11 trillion by 2030. For issuers, the standard opens a path to AMM liquidity without giving up required controls; for approved investors, it allows direct onchain trading of assets that previously could not trade on an AMM.

The EUR/JPY extends its advance for the third straight day, set to end the week with solid gains as traders brace for the end of the week. The shared currency didn’t capitalise on the hawkish forward guidance by the European Central Bank (ECB), as Bloomberg, citing sources, revealed that officials are ready to raise rates in September.

Euro gains as ECB hawkishness offsets BoJ intervention cautionDigging into ECB President Christine Lagarde’s press conference, she said that inflation risks are tilted to the upside and growth to the downside, but stated that the central bank would set monetary policy to ensure that inflation returns to the 2% goal in the medium term. She added that they would remain data-dependent and would not pre-commit to an interest rate path.

Meanwhile, the Japanese Yen weakened less than expected against the Euro as investors remain wary that the Bank of Japan (BoJ) might intervene in the foreign exchange markets to push its local currency.

On Friday, EUR/JPY traders will be watching the release of Japanese inflation data. The National CPI excluding Fresh Food is expected to rise from 1.4% to 1.6% YoY. Also, traders would be looking for updates on Jibun Bank Flash PMIs, with the manufacturing activity index measure expected to ease from 54.8 to 54.5.

In the Eurozone, traders will also digest HCOB Flash PMIs for Germany, France, and the European Union (EU). The EU’s HCOB Manufacturing PMI is expected to drop from 51.4 to 51.3, while the Services PMI is expected to improve, but will remain in contractionary territory, from 49.4 to 49.8.

EUR/JPY Price Forecast: Technical outlook

The EUR/JPY daily chart shows that momentum is tilted to the upside, further confirmed by a rising Relative Strength Index (RSI). Additionally, a trendline break since last week shifted the market structure from sideways trading to an uptrend, as prices drift higher at a modest pace.

For a bullish continuation, the EUR/JPY needs to clear the April 30, high at 187.56, before buyers can eye 187.95, the year-to-date (YTD) high. Above lies the psychological 188.00 and 190.00 levels.

On the downside, sellers could trigger a break of the market structure, but first they need to clear Thursday’s low of the day (LOD) at 186.05. Once done, they could test the confluence of the 50 and 100-day SMAs at 185.16/02, before targeting the 200-day SMA at 183.44.

EUR/JPY Price Chart – Daily

EUR/JPY daily chart Japanese Yen Price This week The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies this week. Japanese Yen was the strongest against the Swiss Franc.

USDEURGBPJPYCADAUDNZDCHFUSD0.43%1.03%0.92%0.48%-0.03%1.08%1.01%EUR-0.43%0.61%0.43%0.07%-0.43%0.65%0.58%GBP-1.03%-0.61%-0.17%-0.54%-1.03%0.03%0.02%JPY-0.92%-0.43%0.17%-0.36%-0.90%0.11%0.20%CAD-0.48%-0.07%0.54%0.36%-0.47%0.46%0.58%AUD0.03%0.43%1.03%0.90%0.47%1.11%1.07%NZD-1.08%-0.65%-0.03%-0.11%-0.46%-1.11%-0.02%CHF-1.01%-0.58%-0.02%-0.20%-0.58%-1.07%0.02% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).

LRN: Great Value Opportunity After Cataclysmic Price Drop

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek US Holdings, Inc. (NYSE:DK) (“Delek”) today announced that its Board of Directors has approved a quarterly dividend of $0.255 per share, to be paid on August 10, 2026, to shareholders of record on August 3, 2026.About Delek US Holdings, Inc.Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, and pipelines. The refining assets consist primarily of refineries operated in Tyler and Big Spring, Texa.

nOPAL Vault Brings Brazilian Credit OnchainAvalanche has added another real-world asset product to its growing institutional lineup. Plume Network's nOPAL vault is now live on Avalanche, offering investors onchain access to tokenized Brazilian credit card receivables issued by BlackOpal Finance.

The nOPAL vault represents a tokenized share of BlackOpal Finance's LiquidStone II Vault, which purchases future receivables derived from Brazilian credit card transactions settling through Visa and Mastercard networks. BlackOpal purchases those future receivables from merchants at a discount, with the sale registered in Brazil's Central Bank C3 Registry, and collections flow automatically through Visa and Mastercard settlement rails.

Plume Network wraps those receivables into the nOPAL vault, which users can access by depositing USDC or pUSD through Plume's Nest platform. The yield is generated by card payment settlements through Brazil's existing financial infrastructure, not crypto incentives, which sets the product apart from most onchain yield strategies.

The vault was already operational on Plume's mainnet and on Solana before expanding to Avalanche. On Plume's own mainnet, the nOPAL pool has accumulated approximately $42.7 million in total value locked, with a supply APY of around 8.4%.

Avalanche Deepens Its Institutional RWA PushThe nOPAL deployment is the latest in a string of institutional moves on Avalanche. Earlier this month, Bridgetower tokenized more than $11 billion in production-linked real-world assets on the network, including the Arizona Copper-Gold project, pushing Avalanche into the top five blockchains by net RWA inflows according to RWA.xyz.

BlackOpal Finance brings more than 25 years of credit market experience and over $200 million in institutional backing to the structure. Credit card receivables carry default risk, and Brazilian macroeconomic conditions, interest rate policy, and consumer spending patterns all feed into the quality of the underlying assets. Investors should weigh those factors before allocating.

For Avalanche, the launch adds consumer credit yield to an ecosystem that has largely centred on tokenized treasuries and money market instruments, broadening the range of institutional-grade products available onchain.

Sources:
Crypto Briefing: Avalanche hosts nOPAL vault for FX-hedged Brazilian receivables
Plume Network: nOPAL is Now Live on Pendle
Crypto News: Avalanche lands $11B Bridgetower deal as RWA assets hit $2.1B

LayerZero Labs, an interoperability protocol connecting over 170 blockchains, and Keeta, a regulated payment and settlement platform, announced a partnership to introduce tokenized commercial bank deposits on Ethereum, Solana, Base, and the Keeta Network. This collaboration aims to provide institutions with the ability to transfer regulated bank deposits seamlessly across multiple public blockchains using LayerZero’s interoperability technology.

Tokenized bank deposits roll out with multi-currency supportInstitutions will be able to issue and transfer commercial bank deposits via Bivo, a payment rail and banking network provider, onto several blockchain networks. Initially, these tokenized assets will be backed by U.S. dollars, with support for eight additional currencies—including EUR, JPY, CNY, GBP, CAD, MXN, AED, and HKD—expected by the end of the month. Unlike traditional reserve-backed stablecoins, each token will represent money held directly as a commercial bank deposit through Bivo, linking regulated finance to decentralized infrastructure.

Mini dictionary: Bivo, a payment platform and partner-bank network, bridges commercial bank deposits into blockchain tokens for payment and treasury solutions.

The platform is designed to help institutions conduct payments and manage treasury operations across networks without managing separate token versions or maintaining isolated balances. With LayerZero’s Omnichain Fungible Token (OFT) standard, tokens sent from one blockchain are burned and new tokens are minted on the destination chain, keeping supply consistent and removing the need for wrapped assets or external liquidity pools.

CurrencyNetwork AvailabilityUSDPlannedEURPlannedJPYPlannedCNYPlannedGBPPlannedCADPlannedMXNPlannedAEDPlannedHKDPlannedLayerZero has stated that the platform’s OFT framework allows companies to track total supply directly at the contract level across blockchains, ensuring assets are never duplicated and reducing operational complexity.

Issuer controls and security take center stageKeeta allows issuing institutions to set key operating rules for the tokens, including compliance checks, verification settings, transfer limits, and other regulatory safeguards. Such features are considered essential for commercial bank money, given strict legal and operational responsibilities. LayerZero’s infrastructure manages the cross-chain settlement, but issuers retain decision-making authority over how tokens are issued and used.

Keeta stated that a recent public stress test, conducted with assistance from Google’s Spanner engineering team, reached 11.2 million transactions per second on its dedicated blockchain network. This test showcased the system’s technical capacity but did not directly address adoption by banks or treasury institutions.

Mini dictionary: Keeta is an institutional payments and settlement network seeking to bridge regulated banking infrastructure with public blockchain environments.

Bivo’s involvement allows direct on-chain representation of assets held in regulated financial channels, offering a banking foundation rather than relying on crypto-native reserves. This arrangement also grants participating institutions control throughout the entire transfer process, potentially addressing concerns about fragmented liquidity and inconsistent versions of tokenized assets.

Despite technical advances, the companies have not disclosed forecasted transaction volumes, specific banks participating, or committed institutional partners. Future adoption will depend on market demand and how security settings are configured.

Security concerns and institutional adoption remain unresolvedQuestions about adoption persist as neither LayerZero nor Keeta have named banks or provided estimates for usage or transaction volume. Institutional appetite is expected to be influenced by both regulatory frameworks and risk management settings in the infrastructure.

Closer attention to security has followed recent incidents, such as the April 18 KelpDAO exploit, which resulted in attackers draining 116,500 rsETH valued at $292 million. The breach exposed weaknesses in a single-verified protocol setup, prompting LayerZero to discontinue support for the vulnerable configuration and raise default security standards for future deployments. Success of the Keeta rollout may depend on how clients adapt these new default controls.

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.

Swiss cantonal bank BancaStato has launched regulated crypto trading through an integration with digital asset bank Sygnum and banking software provider Avaloq.

The service allows BancaStato clients to buy, hold, and sell Bitcoin, Ethereum, Litecoin, and Solana directly through the bank’s existing web and mobile banking applications, according to an announcement Thursday.

Clients can place market orders based on either the quantity of crypto they want to purchase or its value in US dollars. Transactions are executed through Sygnum’s business banking API within BancaStato’s Avaloq infrastructure.

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The integration does not require a separate order management system, which Sygnum said reduces operating costs and complexity while allowing trading features to be adjusted to support the bank’s risk management requirements.

BancaStato is the first bank using Avaloq’s software as a service environment to let clients trade crypto directly through Sygnum’s API, the companies said. The bank joins more than 25 banks and international financial institutions using Sygnum’s business banking platform.

Client assets will be stored through Sygnum’s custody infrastructure, which uses hardware and software controls, governance procedures, and external audits. The assets are held off BancaStato’s balance sheet, providing additional protection if the bank enters bankruptcy proceedings.

Founded in 1915, BancaStato serves customers across the Swiss canton of Ticino. The integration allows clients to view and manage their traditional investments and digital assets through the same banking platform.

The launch follows Sygnum Europe’s receipt of a crypto asset service provider license in Liechtenstein on June 30 under the European Union’s Markets in Crypto Assets framework. The authorization allows Sygnum to provide regulated digital asset infrastructure to banks across the European Union.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

Solana’s memecoin trenches are showing signs of renewed activity, with dormant traders returning, memecoin volumes climbing, and newly launched tokens attracting significant speculative interest.

The number of dormant wallets returning to Solana DEXs surged to 62,000 last week, an increase of more than 400% from the previous week. The figure marked the highest level of returning users in more than a year.

Memecoins also generated more than $2 billion in spot trading volume last week, accounting for roughly 19% of Solana’s total spot volume. Data from Blockworks shows Solana DEXs recorded approximately $10.6 billion in total spot volume, with memecoins contributing about $2.06 billion.

The renewed activity comes even as $SOL itself faces broader market pressure, suggesting traders are still willing to take on risk in specific corners of the ecosystem.

Pump.fun Overtakes Hyperliquid in Daily Revenue The resurgence has arguably benefited pump.fun the most. The Solana-based launchpad generated approximately $1.21 million in 24-hour revenue, surpassing Hyperliquid at roughly $1.03 million over the same period.

Pump.fun continues to attract fresh trading volume with each viral launch.

$JIMOTHY Hits $46.4M as Viral Raccoon Goes Viral One of the clearest examples of the renewed speculation is $JIMOTHY, a memecoin inspired by an unusually shaped raccoon that recently went viral online.

$JIMOTHY reached an all-time-high market cap of $46.4 million yesterday, July 22, before retreating. The token currently trades at around a $29 million market cap.

Jimothy, the raccoon behind the token, became an internet sensation after Kiana Hall spotted the animal in Seattle’s Ballard neighborhood on July 13. Experts believe the raccoon may have a rare congenital spine condition that gives it a distinctive short, round body, although it otherwise appears healthy.

Hall recorded the raccoon and posted the clip online, where it quickly attracted millions of views.

Anonymous developers capitalized on that viral attention by launching $JIMOTHY on Pump.fun last week. The token gained visibility through Pump.fun’s trending page before the platform’s official X account reposted it.

$KET and $ANSEM Highlight Broader Memecoin Rally $KET has also emerged as another notable mover in Solana’s renewed memecoin activity. The token climbed to an all-time-high market capitalization of approximately $15 million before retracing to around $8.39 million. Meanwhile, $ANSEM has sustained its traction since its launch “revived’ the trenches, with the token currently trading at a $169 million valuation. Although $ANSEM is a KOL-affiliated token, the return of animal-related memecoins suggests risk-taker trenchers/traders have returned to Solana.

The renewed activity reflects the role memecoins continue to play in driving Solana usage. Speaking to SolanaFloor at Breakpoint 2025, Solana Policy Institute President Kristen Smith argued that “Solana is the most used network in the world because of memecoins.”

Whether that activity develops into a sustained memecoin cycle will depend on whether returning traders remain active after the latest wave of viral launches fades.

Read More on SolanaFloor SEC Commissioner Hester Peirce Warns DeFi Vaults are not Exempt From Securities Laws
Senate Republicans Release New Draft of CLARITY Act Banning Federal Officials From Issuing Digital Assets

What's Next For Crypto If CLARITY Fails?

62K dormant wallets return as memecoins capture $2B in volume on Solana

The TRX price continues to hold one of the strongest long-term uptrends in the crypto market, and fresh network data suggests the fundamentals haven’t weakened yet. While many large-cap altcoins are still struggling to reclaim momentum, Loading profile preview is quietly expanding its dominance in stablecoin transfers and user activity, giving traders another reason to watch the chart closely.

Stablecoin Network Keeps Expanding FurtherToday’s update from TRON highlighted how dominant the network has become for stablecoin payments.

As of June 30, nearly 93% of stablecoin transfer volume on TRON came from peer-to-peer transactions, underscoring the network’s role as a payment infrastructure rather than just a speculative blockchain. Meanwhile, TRON’s share of native USDT transfers below $1,000 increased from 43% to 52%, showing growing usage for smaller everyday transactions.

That trend matters. More peer-to-peer activity generally reflects broader utility rather than isolated whale transfers, suggesting network demand continues to broaden.

User Growth Keeps Pace With SolanaOnchain data highlights TRX network activity telling a similar story. Per data, TRON reported an average of roughly 3.5 million daily active users, putting it well ahead of Ethereum’s 532,000 while remaining close to Solana’s 3.8 million users.

Although user count alone doesn’t determine value, maintaining activity at this scale indicates that TRON continues attracting consistent on-chain participation as competition among Layer-1 networks intensifies.

TRX Technical Structure Still Favors BuyersThe TRX price action also remains constructive. Since mid-2025, the CMF has stayed above the zero line, indicating persistent capital inflows while helping TRX defend the $0.2650 support zone. The rally eventually reached $0.3745 in May 2026, and the broader weekly trend remains intact.

Momentum indicators including the MACD and Awesome Oscillator also remain above their respective zero lines, while TRX continues trading comfortably above its 20-week EMA near $0.3265.

If buying momentum continues alongside improving network activity, TRX price could attempt a move toward $0.4265 before challenging the $0.45 area. However, losing the current trend structure would likely delay that scenario despite the improving ecosystem metrics.

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