XRP’s price has been holding above a key trendline support level lately, despite the broader trend being under strong bearish pressure. In fact, the altcoin has continued to trade below its key daily moving averages too.
However, recent developments around the Ripple ecosystem might give investors something new to watch.
Over the past few days, Ripple has expanded its institutional footprint while the XRP Ledger hit another milestone in network adoption. The question now is whether improving fundamentals can translate into stronger price action.
Ripple strengthens its enterprise ecosystem Ripple is in the news today after announcing a strategic investment in Notabene, a compliance platform that connects more than 2,300 financial institutions across over 100 jurisdictions.
The move is designed to strengthen RLUSD’s institutional infrastructure by helping businesses meet global compliance requirements before transactions are processed. It follows Ripple’s broader effort to position RLUSD for cross-border payments and regulated financial services.
At nearly the same time, the XRP Ledger crossed 1 million agentic transactions.
Unlike traditional transfers, agentic transactions are executed by AI agents and automated systems without requiring direct human input. Ripple believes the figure could eventually climb beyond 10 million as more automated financial applications are built on the network.
Both developments are proofs that Ripple is expanding beyond payments and building infrastructure.
What about the market activity? Ripple’s market activity has shown no significant changes over the last 24 hours. At the time of writing, the number of active addresses had flattened at around 14.5K, following gains of just 0.3K.
The lack of activity highlighted investors’ behavior as they seemed to be averse to observing the next price moves.
Source: CryptoQuant Trendline support will be key for the next price move And yet, despite the positive news, XRP’s price is yet to break out. At press time, the token was still trading below every Exponential Moving Averages on the daily chart.
The three-day bearish run pushed the token’s price to $1.09, with the same approaching a key trendline support too.
Price reaction at this point will determine XRP’s price trajectory. A break below the support level will extend the current bearish run to $1. A more significant correction cannot be overruled either.
This hypothesis was also based on the token’s momentum indicators leaning bearish. For instance, the XRP Stochastic RSI had a reading of 81.64 — Evidence that the token was in an overbought zone despite aggressive selling pressure.
Source: TradingView Final Summary Ripple strengthened its institutional ecosystem through a strategic investment in Notabene after XRP Ledger’s major update. XRP continues to hold above the $1.05 support level, despite trading below key daily moving averages.
MoonPay has introduced Discover card support to its US payment platform, enabling eligible customers to purchase and sell thousands of cryptocurrencies using Discover-branded cards. The move places Discover alongside Visa and Mastercard as accepted credit card networks on the MoonPay platform, increasing payment flexibility for US-based crypto users.
Discover joins Visa and Mastercard on MoonPayWith this integration, US users can now fund crypto transactions through Discover, in addition to previously supported card networks and payment options such as Apple Pay, Google Pay, PayPal, Venmo, and standard bank transfers. The expansion allows cardholders to buy and sell prominent digital assets including Bitcoin, Ethereum, BNB, XRP, Solana, TRON, Hyperliquid, and Zcash.
MoonPay, founded in 2019, has established itself as a global leader in cryptocurrency payment infrastructure, serving over 30 million customers in 180 countries. The company also supports more than 500 enterprise clients in sectors ranging from crypto exchanges to wallets and fintech platforms.
The addition of Discover provides businesses integrating MoonPay’s solutions with immediate access to the network, removing the need for additional technical integration work. This benefits both end users and enterprise customers seeking broader payment coverage.
Richard Harrison, Vice President of Banking and Payments Partnerships at MoonPay, stated that expanding payment methods aims to reduce barriers preventing users from completing crypto transactions. He explained that the goal is to let customers access digital assets with the payment cards and methods they already use daily.
Expanding access to payment methods like Discover helps remove friction points and gives customers more options to buy digital assets with familiar tools.
Although MoonPay now officially supports Discover, transaction approvals will still depend on policies set by the financial institution that issued the card. Issuer-specific fraud controls, compliance standards, and risk assessments determine whether any given purchase can proceed.
This represents Discover’s most significant move into crypto payments so far. While Visa and Mastercard have built deep partnerships with exchanges and payment firms, Discover has traditionally maintained a limited presence in the space.
The MoonPay partnership could signal a larger role for Discover as crypto adoption expands in mainstream finance.
Mini dictionary: MoonPay, founded in the United Kingdom in 2019, specializes in crypto payment processing and on-ramping services, offering regulated access to hundreds of digital assets for both retail and enterprise customers globally.
Card NetworkSupported by MoonPayAvailability for Crypto PurchasesVisaYesYesMastercardYesYesDiscoverYesYes (dependent on issuing bank’s policy)Compliance and issuer restrictionsDespite MoonPay providing the technical capability, approval for crypto transactions using Discover cards ultimately remains at the discretion of each card-issuing bank. Regulatory requirements, anti-fraud systems, and internal compliance measures can lead to variable outcomes for individual cardholders.
Approval success will likely differ by institution, with some banks permitting crypto purchases and others blocking them on policy grounds. This means that while millions of Discover cardholders are now potentially eligible to participate in the cryptocurrency market through MoonPay, actual availability will vary.
Card availability still depends on the issuer’s stance, as banks control whether Discover cards can complete transactions for digital assets on MoonPay.
MoonPay’s integration of Discover builds on the company’s broader strategy to streamline digital asset access for both retail and institutional clients. Earlier this year, MoonPay launched AI-powered agents capable of creating self-custodial wallets and executing blockchain transactions autonomously. This reflects a continued push to innovate at the intersection of traditional payments and digital finance.
The partnership with Discover reflects ongoing efforts from MoonPay to bridge the gap between conventional banking and the emerging world of cryptocurrencies, offering more regulated entry points for new investors.
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.
Is it all about XRP and its price or all Ripple moves matter to investors?
If you spend enough time on Crypto X (formerly Twitter) or Reddit or any other social media with a bias toward cryptocurrencies, as we tend to do, you will notice an interesting pattern regarding XRP and the company behind it.
While Ripple continues to expand with new licenses, partnerships, regulatory approvals, and even acquisitions, the majority of comments are focused on its native token’s price performance. So, do people actually care about Ripple, or is it all about XRP’s next big run?
Ripple Keeps Growing Before we dive into our findings, let’s first apologize to any XRP Army participants who might not fall under this category. After all, its community is one of the biggest and loudest online, and we don’t want to rattle any cages.
Now, let’s talk about how big Ripple has become in recent years. The company, which was once sued by the SEC and whose execs considered shutting down, launched its own stablecoin less than two years ago, which has now become a $1.6 billion asset.
Ripple has also invested heavily in institutional infrastructure, such as the acquisition of Hidden Road (now called Ripple Prime), acquired other businesses, launched services for tokenized assets, rolled out AI-focused developer tools for the XRP Ledger, and continued pushing cross-border payments.
Unlike previous cycles, the company is no longer known only for payments, as it now operates across stablecoins, custody, tokenization, institutional finance, and even dev tooling. From a business and expansion perspective, 2025 and 2026 have been the firm’s busiest and arguably most successful years to date.
Yet, almost none of those announcements translated into immediate price moves for the underlying asset.
You may also like: Ripple Doubles Down on RLUSD With Mint Launch and Notabene Investment Relief Rally or Bull Trap? Why This Analyst Says XRP Is Heading Below $1 XRPL Reserve Debate Splits Community Over Adoption vs Security Retail Investors Still Obsessed by XRP Only Despite all of those developments, XRP rocketed mostly after it became known that Gary Gensler would step down from his role at the SEC, which essentially marked the beginning of the end of the legal spat between the two. It peaked just over a year ago, and it has been mostly downhill since then. Even the ETF launches in November didn’t result in the promised price gains.
To many market participants, Ripple is simply the company behind the token. And, they don’t directly buy shares of that company; they accumulate XRP. If a banking partnership doesn’t increase the demand for the asset immediately, they don’t really care about it. If RLUSD’s expansion doesn’t benefit XRP somehow, they stand aside.
This partly explains why Ripple-related headlines often generate less excitement than XRP price movements, whale accumulations, or technical analysis. We have seen this firsthand.
As such, even though Ripple and XRP will forever remain connected, it still means that the former can generate revenue without affecting the latter, while the token can rally due to factors not related to the company behind it.
Search trends, social media engagement, and trading activity all point in the same direction: traders are consistently attracted to XRP far more than Ripple itself.
Fresh comments from Patrick Witt, the White House’s lead crypto advisor, have clarified expectations surrounding the Digital Asset Market Clarity (CLARITY) Act as lawmakers prepare for their August recess. The Biden administration stated that, although the bill is not expected to receive Senate approval before August, efforts remain underway to ensure it advances procedurally in the coming weeks.
Thune’s remarks and Witt’s responseSenate Majority Leader John Thune recently indicated that the CLARITY Act was unlikely to pass the Senate ahead of the August break, a view echoed by the White House. Despite this, both sides continue to express optimism about achieving meaningful progress on the legislation before Congress departs for summer recess.
Asked about Thune’s comments, Patrick Witt explained that the administration’s approach has remained consistent throughout negotiations. Witt and his team, which includes White House AI and crypto advisor David Sacks, have pushed for a bipartisan outcome over the past year, maintaining that the bill deserves a Senate vote.
Witt agreed that Thune’s assessment of timing is correct, but emphasized the Senate will remain in session at the beginning of August. He suggested lawmakers should not completely rule out further action before the formal start of recess.
In his update, Witt noted that while some senators have grown less optimistic, his own discussions point to building support for advancing the bill to a floor vote.
Patrick Witt reiterated that although a final vote on the CLARITY Act prior to August remains unlikely, ongoing talks could still allow for procedural progress in the Senate and strengthen the bill’s momentum.
Focus shifts to procedural advancementThe White House has recently shifted its focus from securing passage before the recess to ensuring the CLARITY Act continues to move through the legislative process. This adjustment comes as competing legislative priorities crowd the Senate calendar just before August.
Negotiations remain challenging, especially regarding proposed ethics rules. Democrats are advocating for stricter limitations on lawmakers’ participation in crypto-related companies, while Republicans and the White House have presented differing proposals that have yet to unify bipartisan support.
Despite these hurdles, Witt and senior administration officials still anticipate that the CLARITY Act will reach the Senate floor for initial voting procedures. Advancing the bill in this manner would help maintain momentum and set up further debate when Congress returns from recess.
Diana, an active voice in the digital asset community, commented that the administration’s shift in expectations reflects a tactical change rather than a weakening in commitment. She indicated that, although a delay appears inevitable, the White House remains determined to see the CLARITY Act make concrete legislative progress in the coming weeks.
Mini dictionary: Patrick Witt is the principal cryptocurrency advisor at the White House, helping to shape the Biden administration’s approach to digital asset legislation and coordinate with lawmakers on bipartisan crypto policy initiatives.
Legislative outlook and next stepsWith Congress facing a packed agenda as the August recess nears, negotiation delays could push any decisive action on the CLARITY Act into the fall session. However, administration insiders say procedural steps such as introducing the bill to the Senate floor remain feasible in the remaining days of July and early August.
Such movement would position the CLARITY Act—designed to clarify digital asset regulations in the US—for further debate and eventual voting after the summer break.
Witt’s latest remarks highlight continued White House support for the CLARITY Act, with officials seeking to ensure it keeps progressing despite a crowded Senate schedule.
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.
25 July 2026 | 12:17 XRP trades at $1.08 after decisively trading below the rising support that had defined its consolidation since late June.
Key Takeaways XRP closed yesterday below the rising support of its recent consolidation pattern. Upbit’s XRP reserve fell to its lowest level since May; Binance remains 200M XRP below its March peak. Spot XRP ETFs recorded zero net flows for three straight days after inflows on July 20 and 21. The break is not a marginal poke – price now sits roughly $0.10 under where that trendline currently projects – and it arrives with XRP already trading beneath its 50-day moving average near $1.1.
Daily XRP technical price chart / Source: TradingView A Decisive Break, Not a Bounce Consolidation patterns like this one represent a tug-of-war between buyers and sellers. Just days earlier, whale accumulation had XRP compressing toward the $1.16 breakout trigger, with the same rising support line and horizontal ceiling defining the range. That setup has now resolved – but to the downside. When price closes outside the lower boundary rather than bouncing toward the apex, it signals sellers overwhelming buyers at that level rather than a routine test of support.
As long as XRP respected the rising trendline, the chart maintained a sequence of higher lows. Slicing below it breaks that sequence and turns the former floor into a ceiling – a structural shift that flips short-term bias to the downside.
Exchange Reserves Diverge Across Venues According to an analysis shared by CryptoQuant analyst Amr Taha, XRP reserves are moving in different directions depending on the venue: Upbit has slid to a multi-month low, Binance remains well below its March high, and Bithumb has returned close to its late-May level.
Reserve declines alone don’t determine whether XRP is being moved into self-custody, transferred between platforms, or redistributed elsewhere, but the divergence is a relevant input alongside the bearish price action.
Exchange Current Reserve Change From Recent Peak Upbit ~6.43B XRP (lowest since May) -85M XRP (-1.3%) from May 30 high of 6.515B Binance ~2.60B XRP -200M XRP (-7.1%) from March 17 high of 2.80B Bithumb ~1.83B XRP Near late-May level ETF Demand Goes Quiet Institutional flows into spot XRP ETFs have paused with daily net inflows registered $0.00 for three consecutive sessions – July 22 through 24 – following a $5.66 million inflow on July 21 and $2.49 million on July 20.
The pause follows a stronger stretch earlier in the month, when ETFs logged their largest single-day inflow of July on July 16, per SoSoValue. A stall in demand at the same time the technical structure is breaking down removes one potential offset to the price action, though it doesn’t by itself confirm further downside.
What Could Change the Picture Reclaiming the broken trendline, now overhead near $1.15–$1.17, would repair the structure and open a retest of the pattern’s flat ceiling, with the 50-day average the first hurdle along the way. Short of that reclaim, any bounce reads as relief inside an invalidated setup rather than a recovery.
Continued weakness exposes the $1 psychological zone, which also lines up with the pattern’s measured-move target. A close below it would mark the first sub-dollar print since November 2024.
Ascending triangles resolve upward more often than they resolve downward, which makes this clean break lower a meaningful tell. RSI near 44, sitting under its signal line, points to fading momentum rather than an oversold bounce setup, and price remains below all three major moving averages, keeping the broader trend firmly down.
Disclaimer: This content is for informational purposes only and should not be treated as financial or investment advice. Markets are volatile, and past chart behavior doesn’t guarantee future results. Make your own decisions and consult a professional before trading. Methodology: Technical levels are sourced from the daily XRP/USD Coinbase chart via TradingView (July 25, 2026); exchange reserve figures come from CryptoQuant report, and ETF flow data is from SoSoValue. Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
XRP Price Prediction: Ripple Token Spot Demand Hits Highest Since June Ad Disclosure
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XRP price is trading around the $1.10 to $1.12 range after slipping 2% over the past day. This XRP prediction comes as price action softens despite steady spot buying. The more interesting story is not the decline, but what is happening underneath it. Spot demand has climbed to its strongest levels since June, while derivatives traders remain cautious.
That divergence matters because it often appears before a decisive move. Buyers continue absorbing supply, yet leveraged traders remain hesitant. As a result, XRP could either reclaim recent highs or face another round of selling if support gives way.
Recent technical signals show XRP struggling to hold above the $1.14 area after its weekly advance. Short-term momentum cooled as profit-taking emerged, although the MACD still favors buyers. Meanwhile, the Relative Strength Index recently reached overbought territory, suggesting upside could remain limited without fresh demand.
XRP USD, TradingviewMarket sentiment remains cautious even with stronger spot accumulation. That disconnect is worth watching because pessimistic positioning sometimes fuels sharp rebounds. However, if buyers fail to defend the current range, sellers could regain control before another recovery attempt develops.
Institutional adoption narratives and ETF-related speculation continue supporting the medium-term outlook for XRP. At the same time, Ripple developments add another fundamental layer alongside the technical picture. Even so, resistance near recent highs remains the level to beat before bulls can regain full control.
Discover: The Best Crypto to Diversify Your Portfolio
XRP Price Prediction: Reclaim $1.20 Before the Next Major Resistance at $1.48?XRP price is trading around the $1.10 to $1.12 range after slipping roughly 2% over the past day. This XRP prediction comes as price action softens despite steady spot buying. The more interesting story is not the decline, but what is happening underneath it. Spot demand has climbed to its strongest levels since June, while derivatives traders remain cautious.
That divergence matters because it often appears before a decisive move. Buyers continue absorbing supply, yet leveraged traders remain hesitant. As a result, XRP could either reclaim recent highs or face another round of selling if support gives way.
Recent technical signals show XRP struggling to hold above the $1.14 area after its weekly advance. Short-term momentum cooled as profit-taking emerged, although the MACD still favors buyers. Meanwhile, the Relative Strength Index recently reached overbought territory, suggesting upside could remain limited without fresh demand.
Market sentiment remains cautious even with stronger spot accumulation. That disconnect is worth watching because pessimistic positioning sometimes fuels sharp rebounds. However, if buyers fail to defend the current range, sellers could regain control before another recovery attempt develops.
Institutional adoption narratives and ETF-related speculation continue supporting the medium-term outlook for XRP. At the same time, Ripple developments add another fundamental layer alongside the technical picture. Even so, resistance near recent highs remains the level to beat before bulls can regain full control.
Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop
LiquidChain Targets Early-Mover Positioning as XRP Tests Key ResistanceXRP’s spot demand spike is a legitimate signal, but at $1.14, the risk/reward on a near-term trade is compressed between a stubborn resistance ceiling and an overbought oscillator. Traders looking for asymmetric exposure in this environment are increasingly eyeing early-stage infrastructure plays where price discovery hasn’t happened yet.
LiquidChain ($LIQUID) is a Layer 3 infrastructure project building what it calls a unified cross-chain execution environment. It is fusing Bitcoin, Ethereum, and Solana liquidity into a single settlement layer.
Liquid’s architecture centers on a Deploy-Once model: developers ship once, access all three ecosystems simultaneously, with verifiable settlement and single-step execution across chains.
The presale is currently priced at $0.01483, with $917K raised to date. That figure is climbing, and early-stage pricing at this level won’t persist indefinitely as the round progresses. Institutional demand signals tracked alongside this raise add context,too.
Research LiquidChain before making any allocation decision.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Agent payments on the XRP Ledger now support Mastercard's Verifiable Intent standard, according to a recent X post by t54.ai, an AI infrastructure company building an agentic economy on the XRPL.
The x402 facilitator went live on the XRP Ledger in February 2026, allowing AI agents to pay for services using XRP and RLUSD with no need for an API key or accounts.
According to t54.ai, developers can prove through the x402 Facilitator who authorized a payment, under what limits, and for which purchase, and Trustline screens it before settlement. They can also attach a Mastercard-aligned Verifiable Intent (VI) to their x402 payments so every request agents make is automatically run through the XRPL Facilitator's risk service.
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Verifiable Intent (VI) is a cryptographic proof, carried alongside an x402 payment, that answers three questions a risk engine needs before it trusts an autonomous payment: who authorized it, under what limits, and for exactly which transaction. It follows the Mastercard Agentic Payments / Verifiable Intent standard.
The rise of AI has created new ways to buy and sell goods and services and now requires a new class of payments.
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As part of this push, Mastercard introduced the Agent Pay for Machines (AP4M) service, which will allow payment transactions to be permissioned, orchestrated, and settled at machine speed across its global payments network.
Ripple joined the ecosystem supporting Mastercard's Agent Pay for Machines initiative in June 2026, helping to validate new use cases, establish common rules, and accelerate adoption.
XRPL hits 1.4 million agentic transactionsThe agentic economy on the XRP Ledger is growing, with over 1.4 million agentic transactions settled through t54's x402 facilitator on the XRPL.
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Responding to this milestone, RippleX head of engineering J. Akinyele compared the current state of agentic payments to the early days of cloud infrastructure, when the potential was obvious but the tooling and standards were still being developed.
Akinyele said that as AI agents become more capable, they will require seamless payment infrastructure similar to how they already exchange data, adding that the XRPL is in the early stages of what is possible.
"Crossing 1M agentic transactions on the XRPL is an exciting milestone, but I believe we're still in the early stages of what's possible," Akinyele said in an X post.
Key Highlights XRP has fallen to $1.09 following three consecutive days of losses, now positioned beneath all major exponential moving averages on the daily timeframe Ripple announced a strategic stake in Notabene, a regulatory compliance solution serving over 2,300 financial entities spanning more than 100 countries The XRP Ledger achieved a milestone of 1 million AI-driven agentic transactions, with Ripple forecasting expansion beyond 10 million Technical analyst CryptosBatman identified a bearish pattern breakdown, cautioning that downward momentum persists until the 200 EMA is recovered The Stochastic RSI for XRP reads 81.64, signaling overbought territory even amid persistent downward price action XRP is presently valued at $1.09, hovering narrowly above a critical trendline support zone. The digital asset has experienced downward momentum across three straight trading sessions and trades beneath every exponential moving average on the daily chart.
[[IMG_4]]XRP Price Even with several encouraging announcements from Ripple throughout the week, the token’s price has failed to generate any bullish response.
Ripple revealed a strategic capital allocation into Notabene, a regulatory compliance infrastructure provider linking more than 2,300 financial organizations across over 100 global jurisdictions. This initiative seeks to bolster RLUSD’s institutional framework and assist enterprises in satisfying compliance standards prior to transaction execution.
The development aligns with Ripple’s broader strategy to establish RLUSD as a credible solution for international payment flows and compliant financial operations.
Simultaneously, the XRP Ledger achieved a significant benchmark by surpassing 1 million agentic transactions. These represent transactions carried out by artificial intelligence agents and automated platforms, operating independently of direct human intervention. Ripple anticipates this volume could ultimately exceed 10 million as additional automated financial solutions emerge on the platform.
🚨LATEST: The XRP Ledger has surpassed 1 million agentic transactions, with RippleX (@XRPLF) expecting the network to surpass 10 million soon and potentially reach 100 million within the next couple of years.
Agentic transactions are executed by AI agents and automated systems,… pic.twitter.com/t01g1XGx0g
— Cryptic (@Cryptic_Web3) July 23, 2026
In the previous month, Ripple introduced an AI development toolkit and incorporated the X402 payment standard to facilitate developers in constructing agentic AI payment systems on the XRP Ledger. Since implementation, the ledger has witnessed increased engagement, now exceeding 1.4 million total agentic transactions.
Technical Weakness Continues Market analyst CryptosBatman issued a cautionary message on X, indicating that XRP has validated a bearish chart pattern. He observed that price action has surrendered both the rising trendline and the 200 EMA on the 2-hour chart, and that downward forces maintain dominance until the 200 EMA is successfully recaptured.
$XRP confirmed a bearish breakdown.
Price lost both the ascending trendline and the 200 EMA on the 2H timeframe
Until the 200 EMA is reclaimed sellers remain in control. pic.twitter.com/hJkvft7gMr
— BATMAN ⚡ (@CryptosBatman) July 24, 2026
Blockchain metrics support this technical perspective. Active wallet addresses have stabilized near 14,500, increasing by merely 300 during the most recent measurement period. This indicates market participants are predominantly adopting a wait-and-see approach.
The Stochastic RSI indicator for XRP registers 81.64, positioning the asset in overbought conditions, despite ongoing downward price momentum. This conflicting signal has captured the attention of market participants.
Critical Price Level in Focus A failure to maintain the present trendline support could drive XRP down to the $1.00 psychological threshold. Maintaining position above this support is considered essential for any prospective bullish reversal.
XRP maintains a market capitalization of $71 billion, with 62.46 billion tokens currently circulating from a total maximum supply of 100 billion. Ripple systematically releases supplementary tokens from its escrow reserves on a scheduled basis.
XRP maintains its position above the $1.05 support zone as market participants monitor for the next significant price movement.
Ripple continues to expand its business, with banks adopting its technology, and spot XRP ETFs have already attracted nearly $1.5 billion. Yet its native token XRP remains nearly 72% below its 2025 peak.
Meanwhile, on-chain data and technical charts suggest XRP may remain stuck in a sideways range until 2028, backed by historical data.
Ripple Is Growing, But XRP Isn’t FollowingRipple has spent the year strengthening its ecosystem. This week alone, the company launched the Ripple Mint platform for its RLUSD stablecoin, expanded across multiple blockchain networks, and continued attracting banks to the XRP Ledger for cross-border payments.
However, stronger business growth has not translated into higher XRP prices.
One reason is how Ripple’s network works. Banks use the XRP Ledger to settle transactions almost instantly. Due to this, they do not need to hold large amounts of XRP for long periods.
At the same time, Ripple also releases millions of XRP from escrow every month, increasing the available supply.
Meanwhile, spot XRP ETFs have attracted about $1.49 billion in total inflows, but ETF holdings still account for only 1% to 2% of XRP’s circulating supply, limiting their impact on price.
Selling Pressure Continues to Outweigh DemandMarket data also shows that XRP’s futures market has cooled sharply.
Open interest has fallen by nearly 87%, dropping from around $15 billion earlier this year to roughly $1.91 billion. This large wave of deleveraging removed much of the speculative buying that previously helped fuel rallies.
Meanwhile, large investors have quietly bought more than 600 million XRP during recent price drops. But many small investors have sold their XRP after months of little price movement. Because of this, XRP faces selling pressure.
According to analyst Chartnerd, XRP has taken an average of about 1,410 days to reach each new cycle high. Previous cycles lasted 1,490 days (2013-2018), 1,197 days (2018-2021), and 1,556 days (2021-2025).
Based on both time-based Fibonacci extensions and previous market cycles, Chartnerd believes XRP could target around $27 by 2029 or 2030.
At the same time, the Bollinger Bands are tightening, a sign that volatility is falling and XRP could remain range-bound before its next major move. If history repeats, the current setup mirrors the long accumulation period seen before the 2024 breakout.
Unless XRP breaks above the 20-week Bollinger Band and key resistance levels, analysts believe the token could continue trading sideways before building momentum for its next bullish cycle.
That outlook closely matches Standard Chartered’s long-term forecast, which projects XRP reaching $7 by 2027, $12.60 by 2028, and nearly $28 by 2030.
🇺🇸🏦 $28 BY 2030 🏦🇺🇸
Standard Chartered projects that XRP could reach $28 by 2030.
The bank believes XRP could benefit from the growth of cross border payments, tokenization, and increasing institutional adoption.
Now it’s the banks. 🚀 pic.twitter.com/tnwEtVW1pL
— John Squire (@TheCryptoSquire) July 21, 2026 Loading article prices
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Cryptocurrency analytics company CryptoQuant has reported a notable divergence in XRP reserves across major exchanges. According to the data, Upbit’s XRP reserves have fallen to their lowest level since May, while Binance’s reserves remain approximately 200 million XRP below the peak recorded in March.
The amount of XRP held on Upbit has fallen to approximately 6.43 billion XRP, reaching its lowest level since May. The exchange’s reserves peaked at approximately 6.515 billion XRP on May 30th. Accordingly, Upbit’s XRP balance has decreased by approximately 85 million XRP, or 1.3 percent, since that peak.
Upbit’s XRP reserves remain at a high level compared to other major exchanges examined. According to current data, Upbit holds approximately 2.47 times the amount of XRP held on Binance.
Binance’s XRP reserves stood at approximately 2.60 billion XRP as of July 24. This amount is 200 million XRP, or about 7.1 percent, below the 2026 peak of approximately 2.80 billion XRP recorded on March 17.
Bithumb’s XRP reserve was also measured at approximately 1.83 billion XRP. This level is close to the reserve amount recorded by the exchange on May 30th. Thus, a significant divergence emerged among the three exchanges. While Upbit’s reserve fell to its lowest level in several months, Binance remained below its March peak, and Bithumb returned to its levels at the end of May.
CryptoQuant stated that, given Upbit and Bithumb’s relatively high XRP holdings among the exchanges examined, changes in reserves on these platforms offer important indicators for evaluating XRP’s exchange-sourced liquidity structure.
However, the company noted that the decrease in reserves does not necessarily mean that XRP is being withdrawn from personal wallets.
*This is not investment advice.
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Ongoing conversations in the US digital asset sector have intensified around whether the proposed CLARITY Act could materially influence the price and institutional adoption of XRP, even after recent regulatory progress.
Legal distinction between court ruling and legislationVincent Van Code, a software engineer specializing in blockchain technology, commented on X that many overlook the critical difference between a landmark court verdict and formal federal legislation. He suggested that while last year’s decision in the SEC v. Ripple case was a notable milestone for XRP, it does not offer lasting legal certainty for major industry players.
In 2023, a US district court ruled that secondary-market transactions of XRP do not qualify as securities. This outcome eased regulatory pressure on Ripple’s ecosystem and sparked optimism across various crypto markets.
Van Code acknowledged that this outcome has already influenced the industry, paving the way for broader adoption. “There is a misconception that the Clarity Act will not affect prices for crypto such as XRP. That is not entirely true,” he noted on social media, responding to speculation about the new legislation’s impact.
In his comments, Van Code emphasized that a single district court decision cannot replace comprehensive federal legislation, leaving uncertain ground for financial institutions considering large-scale XRP investments.
The court’s decision, while groundbreaking for XRP holders and Ripple Labs, remains one federal judge’s interpretation and does not amount to a nationwide precedent or a statutory guarantee of how XRP will be treated going forward.
Institutional caution persists despite legal progressVan Code explained that, following the court ruling, institutional activity around XRP picked up, including new On-Demand Liquidity corridors, pilot projects with banks, custody service growth, and ETF submissions. However, he stressed that the lack of a broad legal framework prevents many major financial firms from making significant commitments.
He warned that the decision’s influence is inherently limited, particularly since it could be revisited by future courts or interpreted differently by other agencies. Without legislation from Congress, he said, banks and institutional investors remain risk-averse—choosing to engage in limited pilot programs rather than large investments or extensive product launches.
Many traditional finance firms are known for their cautious approach, prioritizing strict regulatory compliance. For them, the absence of clear federal law governing digital assets continues to be a key obstacle.
Van Code argued that codifying digital asset definitions into federal law would address remaining concerns in compliance departments and among decision-makers at large firms.
Mini dictionary: CLARITY Act, a proposed US bill that seeks to clarify the legal status and regulatory framework of digital assets, aiming to provide certainty for institutional investors by defining tokens and their treatment under securities laws.
The path ahead for XRP and institutional adoptionHe added that many institutional players are still limiting their exposure to XRP, focusing on experimental or non-custodial activities until a legislative solution arrives. This cautious stance has so far prevented a larger wave of capital inflows.
According to Van Code, the passage of the CLARITY Act would likely provide the comprehensive regulatory clarity needed to shift institutional strategies. This could potentially influence both adoption rates and pricing in $XRP, moving beyond the boundaries set by last year’s court win.
Van Code concluded that “while the Ripple decision eased some uncertainty for XRP, genuine institutional confidence depends on a robust federal framework.”
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.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
BlackRock clients have reportedly sold $52.76 million worth of Ethereum, according to a social media post by @WhaleInsider. The sale appears to be linked to BlackRock’s iShares Ethereum Trust, a spot ETF facilitating ETH exposure for institutional clients. This move is not directly attributable to BlackRock’s proprietary activity but suggests a significant outflow from the ETF, which is a major institutional holder of Ethereum. Such outflows are often observed alongside broader ETF activity and can influence market dynamics, particularly given the large scale of the transaction.
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Key Takeaways The reported sale of $52.76 million in Ethereum by BlackRock clients suggests a substantial institutional outflow, potentially impacting market sentiment. Current market odds for Ethereum dropping to $1,300 in July remain low, indicating limited immediate market impact from this news. Observers note that BlackRock’s iShares Ethereum Trust has previously been a significant driver of spot demand for Ethereum. What to Watch Markets will be closely monitoring any further large-scale transactions linked to the iShares Ethereum Trust, as these could indicate broader trends in institutional sentiment toward Ethereum. Additionally, any future announcements regarding inflows or outflows from major Ethereum ETFs could influence market perceptions and pricing. The impact on Ethereum’s price trajectory will also depend on broader market conditions, including regulatory developments and macroeconomic indicators.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 0.2% — — View market → August 1 2026 22.5% — — View market → August 1 2026 0.9% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 6.5% — — View market → August 1 2026 1.8% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.5% — — View market → August 1 2026 1.6% — — View market → August 1 2026 2.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.2% — — View market → August 1 2026 0.1% — — View market → August 1 2026 0.1% — — View market → August 1 2026 15.5% — — View market →
US-listed spot Ethereum exchange-traded funds (ETFs) logged $70.62 million in net outflows on Friday, ending a five-day inflow streak.
Ethereum funds saw $211.25 million in net inflows over the previous five sessions from July 17 to Thursday, according to SoSoValue data. They still posted $103.9 million in net inflows for the week ended Friday.
Despite the outflows, Ethereum ETFs extended their weekly inflow streak to three straight and have attracted $337.74 million in net inflows so far in July.
Spot crypto ETF flows have become one of the market’s most closely watched gauges of demand for Bitcoin (BTC) and Ether (ETH) through traditional investment products.
Although other jurisdictions, including Hong Kong, have launched similar funds, US-listed ETFs account for the vast majority of assets and trading volumes.
Daily spot Ethereum ETF net flows from July 17 to July 24. Source: SoSoValue
Bitcoin ETFs also end week with outflowsThe reversal followed a similar pattern in Bitcoin ETFs, which ended a seven-day inflow streak on Thursday and recorded another $240.08 million in net outflows on Friday.
Bitcoin ETFs also extended their net inflow streak to three consecutive weeks, adding $103.90 million during the week ended Friday and $233.96 million so far in July. They followed a record June, when $4.5 billion flowed out of the funds.
BTC traded just under $64,000 at the time of writing, tumbling from the week’s high of $66,892 on Tuesday, according to CoinGecko. ETH traded at $1,837, down from Wednesday’s weekly high of $1,954.
Japan’s crypto reforms fuel $18.4 billion Bitcoin ETF forecastFollowing Japan’s recent overhaul of its crypto regulations, which is widely viewed as laying the groundwork for future spot Bitcoin ETFs, crypto management platform XWIN estimated that a mature Japanese spot Bitcoin ETF market could reach about $18.4 billion, equal to roughly 0.13% of the country’s $14.6 trillion in household financial assets.
In an analysis posted at CryptoQuant, XWIN said the estimate assumes demand from existing crypto holders, new retail investors using brokerage accounts and institutional allocators.
The report pointed to the US market as an example, noting that spot Bitcoin ETFs excluding Grayscale’s GBTC have accumulated roughly 1 million Bitcoin, demonstrating how regulated ETF products can connect traditional finance with digital assets.
“The key is access,” XWIN said, adding that a Japanese spot Bitcoin ETF would allow investors to gain Bitcoin exposure through familiar brokerage and custody systems. It characterized the $18.4 billion figure as “an achievable upper-end market scenario.”
Magazine: A quantum roadmap would push Bitcoin much higher: Charles Edwards
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
Upbit, one of South Korea’s largest cryptocurrency exchanges, has announced it will list the Korean won trading pair for Morpho (MORPHO).
According to the exchange’s announcement, MORPHO/KRW trading will begin on July 25, 2026, at 12:00 PM Turkish time. Deposits and withdrawals will only be supported via the Ethereum network.
Upbit stated that transaction support may be delayed if sufficient liquidity is not provided after deposit and withdrawal operations begin.
Buy orders will be restricted for the first 5 minutes after listing. During the same period, sell orders placed at more than 10% below the previous day’s closing price will also not be allowed. Furthermore, order types other than limit orders will be unavailable for approximately the first two hours.
*This is not investment advice.
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Upbit, one of South Korea’s largest cryptocurrency exchanges, has announced it will list the Korean won trading pair for Morpho (MORPHO).
According to the exchange’s announcement, MORPHO/KRW trading will begin on July 25, 2026, at 12:00 PM Turkish time. Deposits and withdrawals will only be supported via the Ethereum network.
Upbit stated that transaction support may be delayed if sufficient liquidity is not provided after deposit and withdrawal operations begin.
Buy orders will be restricted for the first 5 minutes after listing. During the same period, sell orders placed at more than 10% below the previous day’s closing price will also not be allowed. Furthermore, order types other than limit orders will be unavailable for approximately the first two hours.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Changxin's pre-IPO price drops to $6, corresponding to an RMB share price of 40.62 yuan on its first day of listing.
According to Hyperinsight’s monitoring, the Pre-IPO contract price of CXMT (Changxin Memory Technologies, whose listed entity is Changxin Technology) on Hyperliquid has fallen to $6, with a more than 5.7% drop in 24 hours. The corresponding RMB share price stands at 40.62 yuan. Calculated based on the post-issue total share count of 66.881 billion shares, the on-chain implied market capitalization is approximately $400 billion, equivalent to around 2.7 trillion yuan. At this valuation, the subscription cost per lot of 500 shares for retail investors who win the online application is 4,330 yuan. The estimated market value of 500 shares on the first day of listing is 20,310 yuan, translating to a profit of roughly 16,000 yuan per lot.
1 hours ago
The latest draft of the CLARITY Act includes an incentive clause for white hat hackers, proposing to offer rewards to individuals who identify security vulnerabilities.
The latest draft of the U.S. Senate’s Cryptocurrency Market Structure Act (the CLARITY Act) includes provisions encouraging white hat hackers to responsibly disclose cybersecurity vulnerabilities, proposing to authorize rewards for individuals who identify and report such flaws to bolster protection for digital asset infrastructure before they are maliciously exploited. The provision incorporates the views of former CFTC Chairman J. Christopher Giancarlo, a long-time advocate for digital asset innovation.
1 hours ago
US tech giants have cut nearly 140,000 jobs this year, with the four leading players' AI capital expenditure totaling $725 billion.
According to statistics from the Financial Times in partnership with Challenger, Gray & Christmas, U.S. tech industry layoffs since 2026 have accounted for more than one-third of all announced layoffs nationwide. Amazon, Oracle, Meta and Microsoft alone have cut nearly 50,000 jobs, roughly 6% of their total workforce. In sharp contrast, Amazon, Alphabet, Meta and Microsoft are projected to invest a combined $725 billion in AI infrastructure such as data centers this year. After laying off staff in March, Oracle’s total headcount dropped by 21,000 for the full year; this month, S&P downgraded its credit rating, citing weak cash flow and uncertain AI returns. Microsoft cut 4,800 jobs this month, mainly in its Xbox gaming division, essentially a full reset of its $75 billion acquisition of Activision Blizzard three years ago. The narrative that "AI causes layoffs" is met with skepticism in academic circles. Enrico Moretti, an economics professor at the University of California, Berkeley, notes that AI-related layoffs are more of an excuse for management to correct over-hiring during the pandemic. "Claiming AI-driven efficiency gains is easier than admitting to over-hiring back then," he said. Market pricing also contradicts this narrative: within 30 trading days of announcing layoffs, companies that attributed cuts to AI saw their stock prices underperform the Nasdaq by nearly 10%, while companies laying off for other reasons lagged by only around 4%. Amazon and Microsoft have explicitly stated that AI adoption is not a decisive factor in their layoffs. In contrast to the tech giants’ non-core business contractions, AI-native startups like Anthropic and OpenAI are still rapidly expanding their workforce, driving fast growth in AI sector employment. "What is being cut is merely all other non-core business segments."
1 hours ago
Layer1 project Vanar will begin migrating its infrastructure to Base next Tuesday.
Layer 1 blockchain project Vanar announced that its infrastructure migration to Base will kick off next Tuesday. Users currently staking VANRY must first unstake, wait for the cooldown period to elapse before claiming their tokens. Earlier, Vanar stated that existing VANRY token holders can complete the migration at a 1:1 ratio, with their holding amounts remaining unchanged. Additionally, VANRY’s total supply will rise from 2.4 billion to 10 billion tokens, approximately 62% of which will stay locked during the migration. Once the migration is complete, staking for Vanarchain validators will be halted.
1 hours ago
2035年数据中心将占美国电力消耗的约20%，成为下一个AI瓶颈
U.S. data center power demand is projected to surge by 253% from 2026 levels, reaching a record 194 gigawatts by 2035 — with 1 gigawatt roughly matching the capacity of a traditional nuclear reactor. Currently, data centers consume 6% of the U.S.’s annual electricity; that share is estimated to climb to around 12% by 2030, and will account for roughly 20% of total U.S. electricity consumption by 2035. Most of the growth in U.S. power demand is concentrated in a handful of grid regions, such as the PJM Interconnection, which serves Washington, D.C. and 13 states including Virginia, Pennsylvania and Ohio. Power will be the next AI bottleneck.
1 hours ago
Robinhood Chain's 24-hour network fee revenue reached $350,000, ranking fourth among all blockchains.
According to DeFiLlama data, Robinhood EVM Chain generated $350,000 in 24-hour network fee revenue, ranking fourth among all blockchains, trailing only Canton, Tron, and Solana. Launched on July 1, the Robinhood EVM Chain has seen its total value locked (TVL) quickly rise to $315 million. Though originally designed for on-chain stocks and ETFs, it has emerged as a major hub for meme coin activity.
Changxin's pre-IPO price drops to $6, corresponding to an RMB share price of 40.62 yuan on its first day of listing.
According to Hyperinsight’s monitoring, the Pre-IPO contract price of CXMT (Changxin Memory Technologies, whose listed entity is Changxin Technology) on Hyperliquid has fallen to $6, with a more than 5.7% drop in 24 hours. The corresponding RMB share price stands at 40.62 yuan. Calculated based on the post-issue total share count of 66.881 billion shares, the on-chain implied market capitalization is approximately $400 billion, equivalent to around 2.7 trillion yuan. At this valuation, the subscription cost per lot of 500 shares for retail investors who win the online application is 4,330 yuan. The estimated market value of 500 shares on the first day of listing is 20,310 yuan, translating to a profit of roughly 16,000 yuan per lot.
1 hours ago
The latest draft of the CLARITY Act includes an incentive clause for white hat hackers, proposing to offer rewards to individuals who identify security vulnerabilities.
The latest draft of the U.S. Senate’s Cryptocurrency Market Structure Act (the CLARITY Act) includes provisions encouraging white hat hackers to responsibly disclose cybersecurity vulnerabilities, proposing to authorize rewards for individuals who identify and report such flaws to bolster protection for digital asset infrastructure before they are maliciously exploited. The provision incorporates the views of former CFTC Chairman J. Christopher Giancarlo, a long-time advocate for digital asset innovation.
1 hours ago
US tech giants have cut nearly 140,000 jobs this year, with the four leading players' AI capital expenditure totaling $725 billion.
According to statistics from the Financial Times in partnership with Challenger, Gray & Christmas, U.S. tech industry layoffs since 2026 have accounted for more than one-third of all announced layoffs nationwide. Amazon, Oracle, Meta and Microsoft alone have cut nearly 50,000 jobs, roughly 6% of their total workforce. In sharp contrast, Amazon, Alphabet, Meta and Microsoft are projected to invest a combined $725 billion in AI infrastructure such as data centers this year. After laying off staff in March, Oracle’s total headcount dropped by 21,000 for the full year; this month, S&P downgraded its credit rating, citing weak cash flow and uncertain AI returns. Microsoft cut 4,800 jobs this month, mainly in its Xbox gaming division, essentially a full reset of its $75 billion acquisition of Activision Blizzard three years ago. The narrative that "AI causes layoffs" is met with skepticism in academic circles. Enrico Moretti, an economics professor at the University of California, Berkeley, notes that AI-related layoffs are more of an excuse for management to correct over-hiring during the pandemic. "Claiming AI-driven efficiency gains is easier than admitting to over-hiring back then," he said. Market pricing also contradicts this narrative: within 30 trading days of announcing layoffs, companies that attributed cuts to AI saw their stock prices underperform the Nasdaq by nearly 10%, while companies laying off for other reasons lagged by only around 4%. Amazon and Microsoft have explicitly stated that AI adoption is not a decisive factor in their layoffs. In contrast to the tech giants’ non-core business contractions, AI-native startups like Anthropic and OpenAI are still rapidly expanding their workforce, driving fast growth in AI sector employment. "What is being cut is merely all other non-core business segments."
1 hours ago
Layer1 project Vanar will begin migrating its infrastructure to Base next Tuesday.
Layer 1 blockchain project Vanar announced that its infrastructure migration to Base will kick off next Tuesday. Users currently staking VANRY must first unstake, wait for the cooldown period to elapse before claiming their tokens. Earlier, Vanar stated that existing VANRY token holders can complete the migration at a 1:1 ratio, with their holding amounts remaining unchanged. Additionally, VANRY’s total supply will rise from 2.4 billion to 10 billion tokens, approximately 62% of which will stay locked during the migration. Once the migration is complete, staking for Vanarchain validators will be halted.
1 hours ago
2035年数据中心将占美国电力消耗的约20%，成为下一个AI瓶颈
U.S. data center power demand is projected to surge by 253% from 2026 levels, reaching a record 194 gigawatts by 2035 — with 1 gigawatt roughly matching the capacity of a traditional nuclear reactor. Currently, data centers consume 6% of the U.S.’s annual electricity; that share is estimated to climb to around 12% by 2030, and will account for roughly 20% of total U.S. electricity consumption by 2035. Most of the growth in U.S. power demand is concentrated in a handful of grid regions, such as the PJM Interconnection, which serves Washington, D.C. and 13 states including Virginia, Pennsylvania and Ohio. Power will be the next AI bottleneck.
1 hours ago
Robinhood Chain's 24-hour network fee revenue reached $350,000, ranking fourth among all blockchains.
According to DeFiLlama data, Robinhood EVM Chain generated $350,000 in 24-hour network fee revenue, ranking fourth among all blockchains, trailing only Canton, Tron, and Solana. Launched on July 1, the Robinhood EVM Chain has seen its total value locked (TVL) quickly rise to $315 million. Though originally designed for on-chain stocks and ETFs, it has emerged as a major hub for meme coin activity.
Triple-A’s hot wallets appear to have lost more than $9.7 million across several blockchains, with the suspected attacker swapping the assets and consolidating the proceeds on Ethereum.
Summary
More than $9.7 million was reportedly removed from Triple-A-controlled hot wallets. Suspicious outflows affected at least four networks, including Ethereum, Solana, TRON and TON. The suspected attacker consolidated the proceeds into approximately 5,226.66 ETH on Ethereum. Triple-A has not confirmed the breach or disclosed whether customer funds were affected. What happened to Triple-A’s hot wallets On-chain analyst Specter first identified suspicious transactions involving hot wallets linked to Triple-A, a Singapore-based provider of stablecoin payment infrastructure.
Specter initially estimated that more than $9.3 million had been removed, swapped, and transferred across chains to Ethereum. Blockchain security firm PeckShield later amplified the alert, while subsequent estimates placed the suspected loss above $9.7 million.
There appear to be ongoing wallet draining involving @TripleH hot wallets across multiple chains, including TRON, Ethereum, TON, and Solana.
So far, more than $9.3M has been drained, swapped, and bridged to Ethereum.
The funds are currently being consolidated here:
Ethereum… pic.twitter.com/pLKvVwMWav
— Specter (@SpecterAnalyst) July 24, 2026 The activity reportedly affected Triple-A wallets operating on Ethereum, Solana, TRON and TON. Some reports also identified transactions involving Polygon and Arbitrum, potentially expanding the incident to six networks.
Triple-A had not publicly confirmed the exploit at the time of writing. The company has also not disclosed when the suspicious activity began, how its wallets were accessed, or whether the affected assets belonged to Triple-A, its business customers, or payment recipients.
Without a company statement or technical investigation, the incident remains a suspected hot-wallet compromise rather than a confirmed protocol exploit.
Stolen assets were consolidated into Ethereum On-chain data cited by security researchers showed that the transferred assets were exchanged and bridged to Ethereum after leaving the affected wallets.
The receiving address reportedly held about 5,226.66 ETH, worth approximately $9.7 million at the time of the alert. Consolidating assets into Ether can make a collection of stablecoins and network-specific tokens easier to move from one address.
Researchers have not publicly identified the suspected attacker or established whether the address has links to previous exploits. No report has confirmed that the funds entered an exchange, mixer, or other service after reaching Ethereum.
The difference between Specter’s initial $9.3 million estimate and later figures above $9.7 million may reflect additional transfers or changes in Ether’s market value. A verified loss total will depend on Triple-A identifying every affected wallet and transaction.
Why the Triple-A incident matters in the US Triple-A provides infrastructure that allows companies to collect, convert and send payments through stablecoins and traditional banking networks. Its services include merchant checkout, business payments, local payouts and cross-border settlement.
The company states that it operates as a licensed financial institution in the United States, Europe and Singapore. Triple-A also holds a Major Payment Institution licence from the Monetary Authority of Singapore and joined Circle Payments Network in March to support stablecoin-to-local-currency settlement.
Its US presence gives the incident a potential regulatory and counterparty angle, although there is no evidence that American customers or companies suffered losses. Any US impact will depend on which entity controlled the wallets, who owned the assets, and whether regulated payment operations were involved.
Triple-A uses Fireblocks as part of its digital-asset infrastructure. However, neither on-chain researchers nor Triple-A have attributed the suspected breach to Fireblocks, and no available evidence indicates that the custody technology provider was compromised.
Triple-A faces questions after another cross-chain attack The suspected breach follows another recent incident involving cross-chain infrastructure. As crypto.news reported, an attacker fabricated 1,627 Solana deposit events targeting Across Protocol’s Risk Labs-operated relayer on July 17.
Those false deposits requested $41.7 million in payments across 18 destination chains. Risk Labs’ relayer filled 581 requests before Across stopped its Solana operations, limiting the realized loss to less than $4 million, according to the protocol’s post-incident report.
The Across and Triple-A incidents do not appear to be connected. However, both cases involved activity spanning several networks, increasing the number of wallets, transaction systems and monitoring processes involved in detecting suspicious transfers.
Triple-A has yet to explain whether it has suspended deposits, withdrawals or cross-chain operations. The company’s next statement will need to clarify the final loss, the affected assets, the source of the breach and whether customers will receive compensation.
Key Takeaways Friday saw Ethereum ETFs experience $70.62 million in net withdrawals, terminating a consecutive five-day period of capital inflows Weekly performance remained positive with $103.9 million in net ETF inflows for ETH, marking the third straight week of gains The ETH/BTC ratio fell to 0.028, marking its weakest position since August of the previous year Blockchain metrics indicate ETH is currently valued beneath its collective cost basis of $2,304, a condition that typically depletes selling pressure Critical bottom indicators including MVRV and exchange deposit volumes haven’t achieved the extreme thresholds that typically signal a definitive price floor Ethereum (ETH) concluded the trading week at $1,837 following net outflows of $70.62 million from US-based spot Ethereum ETFs on Friday, July 25. This marked the end of a consecutive five-day period of positive inflows that had accumulated $211.25 million between July 17 and July 24.
Ethereum (ETH) Price While Friday’s data showed a reversal, the broader weekly picture remained positive with Ethereum ETFs securing $103.9 million in aggregate net inflows. This performance marked the third successive week of positive capital movement. Throughout July, ETH ETFs have accumulated total inflows reaching $337.74 million.
Bitcoin ETFs demonstrated a comparable trajectory, registering $240.08 million in net withdrawals on Friday, concluding a seven-day streak of inflows. BTC hovered slightly below $64,000, retreating from Tuesday’s weekly peak of $66,892.
U.S. Spot Bitcoin and Ethereum ETFs Record Net Outflows on July 24
According to SoSoValue data, spot Bitcoin ETFs recorded total net outflows of $240 million on July 24 (ET). Spot Ethereum ETFs saw total net outflows of $70.62 million on the same day, ending a five-day streak of… pic.twitter.com/qvg2L12fD6
— Wu Blockchain (@WuBlockchain) July 25, 2026
Market analyst Ted (@TedPillows) commented via social media that ETH continues to maintain its position above critical support levels. He observed that Ethereum is demonstrating relative strength versus Bitcoin and suggested the current upward movement may have additional momentum remaining.
ETH has experienced a significant decline from its record peak of $4,946 established last year, reaching as low as $1,400 in June before staging a recovery. The cryptocurrency currently trades approximately 17% beneath its realized price—the mean on-chain acquisition cost for all ETH tokens—which stands at $2,304.
Examining ETH Bottom Formation: The On-Chain Evidence A CryptoQuant analysis published Thursday indicates Ethereum is displaying preliminary indications of a market floor formation, though it hasn’t satisfied all criteria necessary to confirm a durable upward trend.
Source: CryptoQuant The ETH/BTC ratio has contracted to 0.028, representing its weakest reading since August of last year. While this degree of underperformance relative to Bitcoin has historically preceded significant altcoin rallies, market observers emphasize that additional confirmation remains necessary.
The ETH/BTC MVRV ratio has decreased from 0.95 last August to approximately 0.65. According to CryptoQuant’s research, a reliable bottom formation typically materializes when this metric falls beneath 0.45, a threshold observed during 2019-20 and early 2025.
Critical Technical Price Levels for ETH Ethereum is presently challenging its 20-day and 50-day Exponential Moving Averages (EMAs) positioned at $1,839 and $1,831 respectively. A decisive move below these technical indicators could reveal support zones near $1,806, followed by $1,741.
ETH witnessed $67.79 million in liquidations throughout the previous 24-hour period, with long position liquidations accounting for $44.18 million of that total.
However, one indicator is currently suggesting bottom formation. The ETH/BTC relative spot trading volume has contracted from 1.75 in August to approximately 0.5, a threshold that has historically coincided with Ethereum price bottoms.
Institutional ETF demand has also shown signs of shifting, with the ETH/BTC ETF holdings ratio climbing to 0.13 in July following a decline to 0.115 in June.
TL;DR U.S. spot Bitcoin ETFs recorded $240 million in net outflows on July 24. Spot Ethereum ETFs lost $70.62 million, ending a five-day inflow streak. The combined withdrawals totaled more than $310 million in a single trading session. ETF flows remain a key indicator of institutional demand for digital assets. Institutional demand for cryptocurrencies weakened on July 24 as U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) both recorded notable net outflows, according to data from SoSoValue.
Spot Bitcoin ETFs posted $240 million in net outflows, while spot Ethereum ETFs recorded $70.62 million in net outflows, bringing an end to Ethereum’s five-session streak of positive inflows. The withdrawals suggest that some institutional investors opted to reduce exposure after several days of steady buying, even as both Bitcoin and Ether continue to attract long-term interest.
Net Flow Data | Source: X Bitcoin ETFs Snap Positive Momentum The latest outflows mark a pause in what had been an improving trend for U.S. spot Bitcoin ETFs. Earlier in the week, the funds had benefited from renewed institutional buying that helped support Bitcoin’s recovery, but Friday’s withdrawals reversed part of that momentum. Analysts noted that recent inflows had improved sentiment, although they also cautioned that Bitcoin’s fundamentals remained sensitive to macroeconomic developments and upcoming Federal Reserve policy decisions.
While a single day of outflows does not necessarily indicate a lasting shift in investor sentiment, ETF flows remain one of the market’s most closely watched indicators because they provide insight into institutional appetite for digital assets.
Ethereum’s spot ETFs also turned negative after recording $70.62 million in net outflows, ending a five-day run of consecutive inflows.
The reversal comes after Ethereum funds had shown signs of strengthening institutional demand in recent sessions. Despite the latest setback, market participants continue to monitor whether Ethereum ETFs can quickly return to positive territory, particularly as investors assess the network’s longer-term growth prospects.
ETF flows have increasingly become a barometer for institutional confidence in Ether, especially following the launch of U.S. spot Ethereum ETFs.
Institutional Interest Remains Under Close Watch The first half of the year has not been quite the best for Bitcoin ETFs. Despite the latest outflows, both Bitcoin and Ethereum ETFs have experienced periods of strong institutional participation throughout the year, reinforcing their growing role within traditional financial markets.
Upcoming ETF flow data will determine whether July 24 represents a brief pause in institutional buying or the beginning of a broader cooling in demand.
For now, the latest SoSoValue figures suggest institutional investors became more cautious heading into the weekend, with both Bitcoin and Ethereum investment products experiencing simultaneous net withdrawals.
After 13 straight nights of US strikes on Iranian targets, Washington hit the pause button. President Trump confirmed that diplomatic talks with Tehran are underway, but made clear the military is standing by if negotiations stall.
For crypto markets, the damage is already done. The extended campaign of strikes, centered on threats to shipping routes through the Strait of Hormuz, triggered a classic risk-off flight that drained roughly $80 billion from crypto’s total market capitalization.
What happened and why it matters US Central Command carried out at least 13 consecutive nights of strikes focused on Iranian military capabilities deemed a threat to commercial shipping. The campaign represented one of the most sustained periods of direct US military action against Iran, and it followed the collapse of a ceasefire that had been established in June.
That June ceasefire had briefly calmed nerves across global markets. Its breakdown reignited hostilities and pushed oil prices above $100 per barrel for the first time since May.
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Trump’s messaging has been deliberately dual-track. He’s touting the existence of negotiations while simultaneously reminding Tehran, and the world, that the US military remains on high alert. Temporary pauses in military operations have historically coincided with diplomatic windows involving Gulf allies.
The crypto market fallout During the recent escalation, Bitcoin dropped from around $65,500 to below $64,000. That’s roughly a 2.3% decline that was part of a broader wipeout that saw the entire crypto market shed approximately $80 billion in value. Ethereum wasn’t spared either, with both leading assets falling sharply as traders moved capital out of anything perceived as risky and into traditional safe havens like the dollar and treasuries.
Oil prices surging past $100 per barrel raises the specter of inflation, which raises the specter of tighter monetary policy, which raises the specter of reduced liquidity. Crypto, for all its decentralization ethos, still runs on the same liquidity plumbing as every other risk asset.
Background and broader context Roughly 20% of the world’s oil supply passes through the Strait of Hormuz on any given day. The June ceasefire had offered a brief reprieve, with crypto recovering some lost ground as traders cautiously re-entered positions. The ceasefire’s collapse and the subsequent 13-night strike campaign reversed those gains and then some.
The current conflict gained momentum in late February 2026 with US and Israeli operations, termed Operation Epic Fury, targeting Iranian nuclear and military installations. Iran’s response included the imposition of blockades and tolls on shipping routes, triggering a cycle of strikes, ceasefires, and intermittent hostilities.
What this means for investors The sensitivity of crypto to geopolitical shocks is no longer debatable. Each escalation cycle during this conflict has produced measurable drawdowns in digital asset prices.
Oil prices are the canary in the coal mine here. As long as crude stays above $100, the inflationary pressure narrative keeps traditional finance in a defensive crouch, bleeding directly into crypto through reduced institutional appetite for speculative positions.
Traders should be watching three things in the coming days: whether diplomatic talks produce any concrete framework, whether oil prices retreat from their current elevated levels, and whether Bitcoin can hold the $64,000 level that served as recent support.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
On Friday, Cathie Wood-led ARK Invest upped its exposure to crypto-related assets. For this, it purchased shares of both the 3iQ Solana Staking ETF and Ethereum treasury company BitMine Immersion Technologies through its exchange-traded funds (ETFs).
Cathie Wood’s ARK Buys BitMine Stock, 3iQ Solana Staking ETF The company’s largest ETF, ARK Innovation ETF (ARKK), bought 5,264 shares of BitMine Immersion Technologies (BMNR). The purchase was for about $83,100, based on the closing price on Friday of $15.79. The acquisition accounted for approximately 0.0014% of the holdings in ARKK’s portfolio.
The acquisition of the BitMine stock was also part of other changes to ARKK’s portfolio. It included buying more of X-Energy and selling off some of its holdings in Figma. Although the transaction represents a small slice of ARK’s total portfolio, it is another boost to the firm’s presence in digital asset businesses.
Also, Cathie Wood’s ARK raised its holding in the 3iQ Solana Staking ETF (SOLQ.U) via two of its funds. The ARK Next Generation Internet ETF (ARKW) bought 16,917 shares, and the ARK Fintech Innovation ETF (ARKF) purchased 11,101 shares.
Based on Friday’s closing share price, the ARKW stock bought was valued at about $101,700 a piece and ARKF was valued at about $66,700. Together, the two funds bought a total of 28,018 shares worth of approximately $168,400 at the market close, per latest disclosure.
Cathie Wood’s buy moves came as the Solana-based investment product tumbled $0.13, or 2.12%, to $6.01 on Friday’s trading session.
Other Crypto & AI Investments The recent trades come after a very active trading week earlier this week when ARK loaded up on a number of stocks across the U.S. market in the midst of a broad sell-off. ARK Invest poured in almost $60 million in Tesla, Circle Internet Group and Securitize Corp. on Thursday. At the time, the Tesla stock emerged as the biggest purchase with over $51 million added to Cathie Wood’s ARK ETFs.
In addition, the investment firm had also raked in $14 million worth of SpaceX stock earlier this week.
Friday’s disclosures also revealed other portfolio rebalancing within ARK’s funds, including sales of stocks in Figma, Strata Critical Medical, ATAI Life Sciences and Elbit Systems, and purchases in X-Energy, Pony AI and Kodiak AI, as well as Scribe Therapeutics and Compass Pathways.
For tokenized stock trading, visit our page on Best Platforms to Trade Tokenized Stocks.
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.
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Highlights
The crypto market faces bearish pressure into the weekend as buying pressure eases. Solana tops losses among the top ten coins while DEXE has recovered from its all-time lows with a 90% jump. Robinhood's talks with Crypto.Com and TRUMP Coin's $17M transfer are the biggest news in the market today. The crypto market slipped lower into the weekend, with Bitcoin (BTC) moving below $64,000 while Ethereum (ETH) held $1,800 amid easing buy-side pressure.
Top Movers DeXe (DEXE) is up by 90% today, July 25, to trade at $88 at the time of writing, making it the biggest gainer in the crypto market. The gain follows a massive crash on July 21 where DEXE moved from $41 to $2 amid a $6M transfer by project wallets. DEXE Price Chart (Source: TradingView) Solana (SOL) is the biggest loser among the top-ten crypto market coins with a 2.2% drop to trade at $73.47. Solana’s drop reflects the bearish outlook on Bitcoin and tech stocks amid AI spending fears. ZCash (ZEC) is also down by 5.5% to trade at $478 as selling pressure intensified after the price dropped below the psychological support of $500. Biggest News of the Day Robinhood is in talks with Crypto Com to expand its footprint in the prediction market, per a report by the Wall Street Journal HOOD stock dropped by 6.57% on July 24 despite the partnership news to close trading at $94. HOOD Price Chart (Source: TradingView) The drop follows a recent hack on the X account of Robinhood’s CEO, Vlad Tenev, to promote a fake meme coin. The team behind the TRUMP meme coin has moved $17M TRUMP coins ahead of a potential vote for CLARITY Act before the Senate breaks for recess in August TRUMP meme coin is down 2.62% on the news to trade at $1.55 at the time of writing. Crypto Market Data Total Market Cap: $2.19 trillion (-1.19%) 24-Hour Volumes: $55.11 billion Bitcoin: $64,013 (-1.49%) Ethereum: $1,857 (-1.26%) XRP: $1.09 (-1.32%) Bitcoin Dominance: 58.7% Ethereum Dominance: 10.3% Altcoin Season Index: 53/100 24-Hour Liquidations: $243 million ($214 million in long liquidations & $29 million in short liquidations) Fear and Greed Index: 27 (Fear) What to Watch in the Crypto Market Today The US-Iran war is the main macro factor to watch in the crypto market on July 24. Iran has rejected ceasefire talks and is reportedly ready for the “massive attacks” announced by President Trump. Historical patterns suggest that the conflict usually escalates on the weekend. An escalation could push Bitcoin and altcoin prices lower. Catch up on yesterday’s biggest moves in our Crypto Market Brief for July 24.
Investment disclaimer: The content reflects the author's personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Frequently Asked Questions (FAQs)
1. Why is the crypto market down today?
The crypto market is down today amid a "fear" snetiment that is making buyers hesitant.
2. What is the biggest news in the crypto market today?
The biggest news in the crypto market today include the ongoing partnership talks between Robinhood and CryptoCom to expand prediction markets.
3. What should traders watch in the crypto market today?
Traders should watch out for escalating geopolitical tensions that could push the prices lower.
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About Author
About Author
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience decoding blockchain trends, price movements, and market dynamics. She holds a Bachelor’s Degree in Commerce (Finance) from Kenyatta University, blending a solid academic foundation with a sharp eye for technical analysis and a deep understanding of on-chain data. Her work delivers clear, data-driven insights that empower investors to navigate the fast-evolving digital asset space with confidence. When she’s not analyzing the markets, Mary enjoys reading and travelling.
Top flying car stocks such as Joby Aviation and Archer Aviation have tumbled this year, wiping out billions of dollars in market value. Joby Aviation shares have fallen 48% year to date and 60% over the past 12 months, while Archer Aviation has declined 37% and 57%, respectively, despite both companies moving closer to commercial operations.
Archer Aviation vs Joby Aviation stocks | Source: TradingView Electric vertical takeoff and landing (eVTOL) companies have been in the spotlight in the past few years as they seek to disrupt the transportation industry.
Their goal is to build small electric aircrafts that can travel by between 241 km/h and 322 km/hr carrying about 4 passengers. Archer’s Midnight will have a 160 km range, while Joby Aviation’s S4 has a 241 km range.
Archer and Joby have worked hard in the past few years to develop, test, and receive federal authorization for their flights. In this time, they have raised billions of dollars by selling shares and by receiving investments from external funders.
Toyota has become Joby’s biggest shareholder with 128 million shares. It also counts companies like Intel and Delta Air Lines as investors. Archer has received huge investments from Stellantis, the parent company of Jeep and Fiat.
The companies have also made a lot of progress in inking deals ahead of their launches. Joby Aviation finalized an electric air taxi deal with Virgin Atlantic this week. It also has similar deals with Delta Air Lines, Uber, Saudi Arabia, and Dubai.
Archer has deals with United Airlines, which will buy up to 200 aircrafts, Ethiopian Airlines, and Southwest.
Analysts estimates that the eVTOL industry has more room to grow in the near term. A study by Markets and Markets estimates that it will have a compounded annual growth rate (CAGR) of 12.3% between 2025 and 2035. Its market size will hit $5 billion then.
Joby and Archer are now gearing towards their commercialization stage, which will happen later this year or early 2026.
READ MORE: Why is Archer Aviation's stock jumping 18% today?
In theory, JOBY and ACHR stocks should be having a great year as they transition from cash spending to revenue generation. Their stocks have, however, plunged this year amid numerous concerns, which explains why their short short interest have soared. Joby has a short interest of 10%, while Archer has 14.28%.
There are several concerns among investors. First, the two companies have always been dilutive, a trend that will continue even when the commercialization process starts. Archer’s outstanding shares have jumped from 110 million in 2021 to over 623 million today. Joby’s outstanding shares have risen from 300 million in 2021 to over 560 million today.
The two companies have adequate cash in their balance sheets, with Joby and Archer having $2.4 billion and $1.8 billion in cash. Still, as we have seen with many startups, profitability will take time, which will see them raise more cash in equity and debt over time.
The next key catalyst for these stocks will be in early August when they release their financial results. Joby will release on August 5, while Archer releases two days after that.
Analysts are largely positive about Joby and Archer, with their targets being higher than where they are today. Cannacord Genuity has a target of $11.50, while Morgan Stanley sees Joby rising to $13. Needham and Oppenheimer have a target of $18.
On the other hand, the consensus Archer Aviation stock target is $11.8, up sharply from the current $4.75. Canaccord, Needham, and Goldman Sachs see the stock rising to $12, $9, and $11, respectively.
Littelfuse: Evaluating Recent RevenueLittelfuse (LFUS -2.48%) generates revenue primarily by designing and manufacturing electronic components and circuit protection technologies for various transportation and industrial applications.
It outlined its strategic long-term objectives at a May 2026 investor event, and it reported about an 11% net income margin for the quarter ended March 28, 2026.
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Corning: Evaluating Recent RevenueCorning (GLW -6.16%) earns revenue largely by producing specialty glass, optical fiber, and ceramic substrates for telecommunications, displays, and vehicles.
While entering a multiyear commercial partnership to expand domestic manufacturing capacity in May 2026, it recorded an approximately 15% EBIT margin for the quarter ended March 31, 2026.
Why Revenue Matters for Retail InvestorsRevenue here refers to the data provider's standardized income-statement revenue line item, providing investors with a fundamental measure of the total money a business brings in before any expenses are deducted.
Quarterly Revenue for Littelfuse and CorningQuarter (Period End)Littelfuse RevenueCorning RevenueQ2 2024 (period ended June 2024)$558.5 million $3.3 billionQ3 2024 (period ended Sept. 2024)$567.4 million$3.4 billionQ4 2024 (period ended Dec. 2024)$529.5 million$3.5 billionQ1 2025 (period ended March 2025)$554.3 million$3.5 billionQ2 2025 (period ended June 2025)$613.4 million$3.9 billionQ3 2025 (period ended Sept. 2025)$624.6 million$4.1 billionQ4 2025 (period ended Dec. 2025)$593.9 million$4.2 billionQ1 2026 (period ended March 2026)$657.0 million$4.1 billionData source: Company filings. Data as of July 13, 2026.
Foolish TakeRevenue figures can give investors a snapshot of a company’s overall financial health, trajectory, and valuation. The data above can tell us a few things. The most obvious is that Corning is a much bigger business than Littelfuse. Indeed, it sports a $134 billion market cap, compared to Littelfuse’s $10.5 billion. Both companies are also growing their revenue: For the time period in question, Littelfuse’s revenue increased by 17.6%, while Corning’s increased by 24%. What’s remarkable about that is that Corning is showing more revenue growth despite being a much larger company.
Corning is benefiting from the current AI data center boom and boasts partnerships with Nvidia, Broadcom, Meta Platforms, and Amazon, in addition to its long-standing relationship with Apple to supply the glass for iPhones. That’s a pretty impressive moat that captures both ongoing stability and current market trends.
Yet Littelfuse posted a revenue gain in Q1, while Corning’s revenue declined. One quarter of reporting doesn’t make a trend, but interested investors may want to do a deeper dive into the companies’ quarterly results for specifics. If Littelfuse can accelerate its revenue growth and continue to close the gap with Corning, it could be a worthy investment, despite its smaller size.
Both Corning and Littelfuse could be affected by cyclicality in the technology, transportation, and industrials markets, which are affected by economic cycles, tariffs, oil prices, and other macroeconomic factors. Investors should consider both companies’ net income margins, which indicate how much of each dollar earned converts into profit after expenses, taxes, and interest. Ongoing and future partnerships will also be something to watch here, as they can give investors visibility into future revenue as well as overall market demand.
Sarah Sidlow has positions in Apple, Meta Platforms, and Nvidia. The Motley Fool has positions in and recommends Amazon, Apple, Broadcom, Corning, Meta Platforms, and Nvidia. The Motley Fool has a disclosure policy.
Apartment real estate investment trusts (REITs) are set up for a better second half of 2026, and the July income calendar makes this a natural moment to look at the group. New multifamily supply is rolling off. Housing starts peaked at 1.522 million units in March and fell to 1.177 million by May, a sharp deceleration that historically translates into stronger pricing power for existing landlords 12 to 18 months out. Demographics reinforce the setup: Millennials aging into peak household formation and Gen Z entering the rental market are colliding with a construction sector whose Q1 2026 growth was just 1.0%, keeping structural undersupply intact.
Three names stand out for investors who want durable, cash distributions rather than speculation. Each is a different flavor of the same thesis.
Mid-America Apartment Communities (MAA) Mid-America Apartment Communities (NYSE:MAA | MAA Price Prediction) is the Sun Belt anchor of this list, with a $16.8 billion market cap and a dividend record that few residential REITs can match. Management just declared its 128th consecutive quarterly dividend, extending a payout streak that dates back to the company’s 1994 IPO with no cuts or suspensions. The 2026 quarterly rate stepped up to $1.53 per share from $1.515 in 2025, and the forward yield sits around 4.3%. The next payment comes on July 31 with an ex-dividend date is July 15.
The bull case is clear. MAA guided 2026 Core FFO to $8.35 to $8.71 per share, and CEO Brad Hill has been direct that Sun Belt supply is decelerating in a way that should reset lease pricing. Same-store occupancy held at 95.7% in Q4 2025, and an $932 million, 2,522-unit development pipeline gives the company organic growth optionality without needing to overpay in the acquisition market. Shares have quietly perked up, gaining 3.75% year to date to $142.67.
Risk to watch: Q4 2025 EPS came in at 48 cents, missing the 90-cent estimate, and a $53 million legal settlement charge plus roughly 25 cents per share of interest expense headwind in 2026 mean the recovery will be uneven quarter to quarter.
Equity Residential (EQR) Equity Residential (NYSE:EQR) is the coastal counterweight to MAA. At a $27 billion market cap, it is the largest name on this list, and its urban portfolio is doing exactly what the bull thesis predicted. San Francisco delivered 6.0% Q4 revenue growth and New York 4.2% growth at 97.6% occupancy. Resident turnover fell to 7.8% in Q1 2026, the lowest in company history, which is the sort of retention that quietly compounds cash flow.
The dividend was raised 1.4% to an annual rate of $2.81, with the last payment of 70 cents hitting shareholders on July 10. Yield sits at roughly 4.0%. Management has been aggressive on capital returns, repurchasing about 4.8 million shares in 2025 at an average price of $62.03, with another $200 million planned for the first half of 2026. S&P affirmed the A- credit rating with a positive outlook, and Goldman Sachs raised its price target to $71. Shares are up 14.68% year to date to $70.62.
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Risk to watch: EQR’s expansion markets (Denver, Atlanta, Dallas/Austin) are still showing negative revenue growth, and Q1 2026 EPS of $0.24 missed the $0.29 estimate after $36.6 million of insurance and litigation reserves. Income-focused investors interested in building broader dividend exposure alongside REITs may want to review the free Ten Dividend Kings research report as a companion read.
Camden Property Trust (CPT) Camden Property Trust (NYSE:CPT) is the smallest of the three at a $11.6 billion market cap, and it is the most direct bet on the Sun Belt supply cliff. The portfolio spans 172 properties and 58,759 apartment homes across 16 markets. Q1 2026 EPS of 40 cents beat the 25-cent estimate, and management raised the 2026 EPS midpoint to 66 cents with Core FFO guided to $6.60 to $6.90 per share.
Under new CEO Alex Jessett, Camden is deploying its $600 million share repurchase program aggressively, buying back 2.63 million shares in Q1 at an average $105.88, plus $171.3 million of post-quarter acquisitions in Alpharetta and Lake Nona. The last quarterly dividend of $1.06 paid out on July 17, for an annualized rate of $4.24 and a yield of about 3.6%. Shares have gained 8.39% year to date to $118.24.
Risk to watch: Same-property NOI declined 0.7% year over year, Austin revenue fell 2.7%, and a $53 million litigation settlement tied to revenue management software pushed net debt to EBITDA to 4.7x. Blended new lease rates were still negative at -1.4%, so the pricing recovery is not yet in the numbers.
What to Watch Next All three REITs pay in July, all three have raised distributions into 2026, and all three benefit from the same supply-demand equation. MAA offers the deepest dividend track record and highest yield, EQR offers the coastal recovery story with the strongest year-to-date price action, and CPT offers the highest-conviction Sun Belt turnaround if new leases inflect positive later in 2026. The catalyst to keep an eye on: Q2 2026 earnings reports, where blended lease rate trends will show whether the supply thesis is finally translating into pricing power.
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Reddit remains a strong buy despite a 14% decline since my last coverage and underperformance versus the benchmark. RDDT has consistently beaten analyst estimates and accelerated revenue growth, posting a 69% top-line expansion last quarter. EPS surged over 7x year-over-year, from $0.13 to $1.01, reinforcing confidence in management and operational momentum.
Changxin's pre-IPO price drops to $6, corresponding to an RMB share price of 40.62 yuan on its first day of listing.
According to Hyperinsight’s monitoring, the Pre-IPO contract price of CXMT (Changxin Memory Technologies, whose listed entity is Changxin Technology) on Hyperliquid has fallen to $6, with a more than 5.7% drop in 24 hours. The corresponding RMB share price stands at 40.62 yuan. Calculated based on the post-issue total share count of 66.881 billion shares, the on-chain implied market capitalization is approximately $400 billion, equivalent to around 2.7 trillion yuan. At this valuation, the subscription cost per lot of 500 shares for retail investors who win the online application is 4,330 yuan. The estimated market value of 500 shares on the first day of listing is 20,310 yuan, translating to a profit of roughly 16,000 yuan per lot.
1 hours ago
The latest draft of the CLARITY Act includes an incentive clause for white hat hackers, proposing to offer rewards to individuals who identify security vulnerabilities.
The latest draft of the U.S. Senate’s Cryptocurrency Market Structure Act (the CLARITY Act) includes provisions encouraging white hat hackers to responsibly disclose cybersecurity vulnerabilities, proposing to authorize rewards for individuals who identify and report such flaws to bolster protection for digital asset infrastructure before they are maliciously exploited. The provision incorporates the views of former CFTC Chairman J. Christopher Giancarlo, a long-time advocate for digital asset innovation.
1 hours ago
US tech giants have cut nearly 140,000 jobs this year, with the four leading players' AI capital expenditure totaling $725 billion.
According to statistics from the Financial Times in partnership with Challenger, Gray & Christmas, U.S. tech industry layoffs since 2026 have accounted for more than one-third of all announced layoffs nationwide. Amazon, Oracle, Meta and Microsoft alone have cut nearly 50,000 jobs, roughly 6% of their total workforce. In sharp contrast, Amazon, Alphabet, Meta and Microsoft are projected to invest a combined $725 billion in AI infrastructure such as data centers this year. After laying off staff in March, Oracle’s total headcount dropped by 21,000 for the full year; this month, S&P downgraded its credit rating, citing weak cash flow and uncertain AI returns. Microsoft cut 4,800 jobs this month, mainly in its Xbox gaming division, essentially a full reset of its $75 billion acquisition of Activision Blizzard three years ago. The narrative that "AI causes layoffs" is met with skepticism in academic circles. Enrico Moretti, an economics professor at the University of California, Berkeley, notes that AI-related layoffs are more of an excuse for management to correct over-hiring during the pandemic. "Claiming AI-driven efficiency gains is easier than admitting to over-hiring back then," he said. Market pricing also contradicts this narrative: within 30 trading days of announcing layoffs, companies that attributed cuts to AI saw their stock prices underperform the Nasdaq by nearly 10%, while companies laying off for other reasons lagged by only around 4%. Amazon and Microsoft have explicitly stated that AI adoption is not a decisive factor in their layoffs. In contrast to the tech giants’ non-core business contractions, AI-native startups like Anthropic and OpenAI are still rapidly expanding their workforce, driving fast growth in AI sector employment. "What is being cut is merely all other non-core business segments."
1 hours ago
Layer1 project Vanar will begin migrating its infrastructure to Base next Tuesday.
Layer 1 blockchain project Vanar announced that its infrastructure migration to Base will kick off next Tuesday. Users currently staking VANRY must first unstake, wait for the cooldown period to elapse before claiming their tokens. Earlier, Vanar stated that existing VANRY token holders can complete the migration at a 1:1 ratio, with their holding amounts remaining unchanged. Additionally, VANRY’s total supply will rise from 2.4 billion to 10 billion tokens, approximately 62% of which will stay locked during the migration. Once the migration is complete, staking for Vanarchain validators will be halted.
1 hours ago
2035年数据中心将占美国电力消耗的约20%，成为下一个AI瓶颈
U.S. data center power demand is projected to surge by 253% from 2026 levels, reaching a record 194 gigawatts by 2035 — with 1 gigawatt roughly matching the capacity of a traditional nuclear reactor. Currently, data centers consume 6% of the U.S.’s annual electricity; that share is estimated to climb to around 12% by 2030, and will account for roughly 20% of total U.S. electricity consumption by 2035. Most of the growth in U.S. power demand is concentrated in a handful of grid regions, such as the PJM Interconnection, which serves Washington, D.C. and 13 states including Virginia, Pennsylvania and Ohio. Power will be the next AI bottleneck.
1 hours ago
Robinhood Chain's 24-hour network fee revenue reached $350,000, ranking fourth among all blockchains.
According to DeFiLlama data, Robinhood EVM Chain generated $350,000 in 24-hour network fee revenue, ranking fourth among all blockchains, trailing only Canton, Tron, and Solana. Launched on July 1, the Robinhood EVM Chain has seen its total value locked (TVL) quickly rise to $315 million. Though originally designed for on-chain stocks and ETFs, it has emerged as a major hub for meme coin activity.
For months, Hong Kong’s compliant crypto trading environment has largely kept retail brokerage access under tight wraps. That changed on Friday—at least for a subset of the market—when Futu Securities, the city’s largest retail brokerage, rolled out BNB order-book trading pairs. As the original report noted, the service is available only to Hong Kong-qualified Professional Investors, a designation that typically requires a portfolio of at least HK$8 million. Futu itself stated it is the first licensed brokerage in Hong Kong to offer real-time BNB trading through an order book.
The move lands at a moment when BNB Chain continues to rank among the most active ecosystems by developer engagement. In a recent developer activity snapshot, the chain appeared alongside Ethereum and Polygon, signaling sustained technical momentum that now has a new, regulated on-ramp for well-capitalized participants.
A Calculated Step in Hong Kong’s Crypto Framework Hong Kong’s virtual asset licensing regime has moved at its own deliberate pace. The Securities and Futures Commission has approved a small number of trading platforms, mandating strict investor protection measures. By limiting BNB order-book trading to Professional Investors, Futu is testing the framework without extending full retail exposure. That structure mirrors how other regulated entities have approached initial crypto offerings in the city—starting with institutions and high-net-worth individuals before any broader rollout.
The brokerage’s claim to be first in this specific niche matters less for bragging rights than for what it says about custodial and liquidity infrastructure. Running an order book for a non-stablecoin crypto asset inside a licensed environment means the firm has satisfied compliance standards around asset custody, real-time data feeds, and transaction monitoring. Whether that template gets replicated across other large-cap tokens will now depend on how smoothly the BNB product performs and how regulators react.
What BNB Chain Gains From Regulated Exposure BNB has long been one of the most liquid tokens in the crypto market, but its trading volume has been concentrated on offshore exchanges and on-chain decentralized venues. Having a licensed brokerage provide order-book depth could gradually attract a different class of participant—family offices, asset managers, and professional trading firms that require regulatory cover before committing capital.
This also ties into broader institutional trends. Recent institutional tokenization developments show that regulated market infrastructure is becoming a serious theme across jurisdictions. Futu’s launch is not an isolated event; it sits alongside a growing list of traditional finance gateways into crypto, from tokenized Treasuries to bank-grade settlement pipelines.
Liquidity and the Professional-Only Hurdle The most obvious question is how much volume a Professional Investor-only product will generate. Trading activity on similar restricted offerings in other markets has often been modest, with early adopters using them more for price discovery than for large-scale execution. Without broader retail access, the order book might stay thin, limiting the value of real-time data for professional traders who rely on depth to size positions.
Still, the infrastructure is now live. If volumes pick up and client interest proves durable, Futu could push to expand eligibility—a step that would require further regulatory dialogue. For BNB Chain, the benefit is less about immediate trading volumes and more about cementing its place in the investable universe of licensed Asian brokerages.
Hong Kong’s next move will be watched by other regional players. Several brokerages across Asia have been weighing similar launches but have hesitated due to compliance complexity. If Futu’s order book operates without friction, it may lower the perceived risk for others to follow. The BNB trading pairs are currently a niche product, but they open a door that many in the market have been waiting for.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Changxin's pre-IPO price drops to $6, corresponding to an RMB share price of 40.62 yuan on its first day of listing.
According to Hyperinsight’s monitoring, the Pre-IPO contract price of CXMT (Changxin Memory Technologies, whose listed entity is Changxin Technology) on Hyperliquid has fallen to $6, with a more than 5.7% drop in 24 hours. The corresponding RMB share price stands at 40.62 yuan. Calculated based on the post-issue total share count of 66.881 billion shares, the on-chain implied market capitalization is approximately $400 billion, equivalent to around 2.7 trillion yuan. At this valuation, the subscription cost per lot of 500 shares for retail investors who win the online application is 4,330 yuan. The estimated market value of 500 shares on the first day of listing is 20,310 yuan, translating to a profit of roughly 16,000 yuan per lot.
1 hours ago
The latest draft of the CLARITY Act includes an incentive clause for white hat hackers, proposing to offer rewards to individuals who identify security vulnerabilities.
The latest draft of the U.S. Senate’s Cryptocurrency Market Structure Act (the CLARITY Act) includes provisions encouraging white hat hackers to responsibly disclose cybersecurity vulnerabilities, proposing to authorize rewards for individuals who identify and report such flaws to bolster protection for digital asset infrastructure before they are maliciously exploited. The provision incorporates the views of former CFTC Chairman J. Christopher Giancarlo, a long-time advocate for digital asset innovation.
1 hours ago
US tech giants have cut nearly 140,000 jobs this year, with the four leading players' AI capital expenditure totaling $725 billion.
According to statistics from the Financial Times in partnership with Challenger, Gray & Christmas, U.S. tech industry layoffs since 2026 have accounted for more than one-third of all announced layoffs nationwide. Amazon, Oracle, Meta and Microsoft alone have cut nearly 50,000 jobs, roughly 6% of their total workforce. In sharp contrast, Amazon, Alphabet, Meta and Microsoft are projected to invest a combined $725 billion in AI infrastructure such as data centers this year. After laying off staff in March, Oracle’s total headcount dropped by 21,000 for the full year; this month, S&P downgraded its credit rating, citing weak cash flow and uncertain AI returns. Microsoft cut 4,800 jobs this month, mainly in its Xbox gaming division, essentially a full reset of its $75 billion acquisition of Activision Blizzard three years ago. The narrative that "AI causes layoffs" is met with skepticism in academic circles. Enrico Moretti, an economics professor at the University of California, Berkeley, notes that AI-related layoffs are more of an excuse for management to correct over-hiring during the pandemic. "Claiming AI-driven efficiency gains is easier than admitting to over-hiring back then," he said. Market pricing also contradicts this narrative: within 30 trading days of announcing layoffs, companies that attributed cuts to AI saw their stock prices underperform the Nasdaq by nearly 10%, while companies laying off for other reasons lagged by only around 4%. Amazon and Microsoft have explicitly stated that AI adoption is not a decisive factor in their layoffs. In contrast to the tech giants’ non-core business contractions, AI-native startups like Anthropic and OpenAI are still rapidly expanding their workforce, driving fast growth in AI sector employment. "What is being cut is merely all other non-core business segments."
1 hours ago
Layer1 project Vanar will begin migrating its infrastructure to Base next Tuesday.
Layer 1 blockchain project Vanar announced that its infrastructure migration to Base will kick off next Tuesday. Users currently staking VANRY must first unstake, wait for the cooldown period to elapse before claiming their tokens. Earlier, Vanar stated that existing VANRY token holders can complete the migration at a 1:1 ratio, with their holding amounts remaining unchanged. Additionally, VANRY’s total supply will rise from 2.4 billion to 10 billion tokens, approximately 62% of which will stay locked during the migration. Once the migration is complete, staking for Vanarchain validators will be halted.
1 hours ago
2035年数据中心将占美国电力消耗的约20%，成为下一个AI瓶颈
U.S. data center power demand is projected to surge by 253% from 2026 levels, reaching a record 194 gigawatts by 2035 — with 1 gigawatt roughly matching the capacity of a traditional nuclear reactor. Currently, data centers consume 6% of the U.S.’s annual electricity; that share is estimated to climb to around 12% by 2030, and will account for roughly 20% of total U.S. electricity consumption by 2035. Most of the growth in U.S. power demand is concentrated in a handful of grid regions, such as the PJM Interconnection, which serves Washington, D.C. and 13 states including Virginia, Pennsylvania and Ohio. Power will be the next AI bottleneck.
1 hours ago
Robinhood Chain's 24-hour network fee revenue reached $350,000, ranking fourth among all blockchains.
According to DeFiLlama data, Robinhood EVM Chain generated $350,000 in 24-hour network fee revenue, ranking fourth among all blockchains, trailing only Canton, Tron, and Solana. Launched on July 1, the Robinhood EVM Chain has seen its total value locked (TVL) quickly rise to $315 million. Though originally designed for on-chain stocks and ETFs, it has emerged as a major hub for meme coin activity.
It's been a tough year for NuScale Power (SMR -8.17%) investors. Since 2026 began, shares of the popular nuclear energy stock have fallen by roughly 45%.
NuScale's market cap is now down to just $3.2 billion. That looks like a bargain compared to the company's growth potential. Bank of America believes nuclear energy will be a $10 trillion opportunity in the coming decades. Small modular reactors, or SMRs -- the exact nuclear technology that NuScale specializes in -- are expected to take a big share of that opportunity.
NuScale's stock price has struggled in 2026 for several reasons. The biggest, perhaps, has been a lack of tangible catalysts. NuScale has several impressive opportunities in its project pipeline, but there hasn't been much traction in converting these deals into revenue-generating assets.
NuScale's biggest project is a 6 GW system intended for the Tennessee Valley Authority (TVA), a major utility serving the eastern U.S. The deal between NuScale and TVA was signed in September 2025. At the time, NuScale's stock price hovered around $40 per share. At least from a headline perspective, there has been little progress on the deal since, sending NuScale's stock price below $10 earlier this month.
But there's good news: A major catalyst for NuScale's TVA project should be arriving soon. This catalyst is so meaningful that it wouldn't be surprising to see NuScale shares double as the catalyst approaches.
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Here's the growth catalyst NuScale Power investors should be monitoring closely Right now, the deal between NuScale and TVA is largely non-binding. The next step would be to sign a power purchase agreement (PPA). This agreement would commit TVA to buy power from NuScale's SMR system at a predetermined price for years, or even decades, to come. In short, it guarantees that NuScale will generate revenue from the nuclear project, allowing it to begin construction.
Image source: Getty Images.
In May, NuScale's management team noted that it remains very bullish on signing a PPA agreement with TVA by the end of 2026.
"ENTRA1 [NuScale's financing partner, which will be the party that actually signs the PPA with TVA] has updated us the discussions with TVA are advancing well toward a definitive PPA," NuScale's CEO revealed on a call with investors. "We remain highly encouraged by the progress and the strategic alignment between ENTRA1, TVA, and NuScale."
NuScale's CFO was even more specific. "We're hopeful that TVA can come across the line at some point later this year," he added. "We believe that's a strong possibility."
There is no guarantee that a PPA will be signed before the end of 2026. And to be clear, NuScale has failed to meet its own guidance in the past. But it is hard to overstate how valuable a signed PPA would be for the company.
With its stock price tumbling, NuScale's access to capital is growing more limited and costly. If the company's biggest project gets a firm revenue pathway, expect shares to rebound aggressively. A PPA not only improves access to capital, but it would also be a huge vote of confidence in the viability of the reset of NuScale's project pipeline.
Changxin's pre-IPO price drops to $6, corresponding to an RMB share price of 40.62 yuan on its first day of listing.
According to Hyperinsight’s monitoring, the Pre-IPO contract price of CXMT (Changxin Memory Technologies, whose listed entity is Changxin Technology) on Hyperliquid has fallen to $6, with a more than 5.7% drop in 24 hours. The corresponding RMB share price stands at 40.62 yuan. Calculated based on the post-issue total share count of 66.881 billion shares, the on-chain implied market capitalization is approximately $400 billion, equivalent to around 2.7 trillion yuan. At this valuation, the subscription cost per lot of 500 shares for retail investors who win the online application is 4,330 yuan. The estimated market value of 500 shares on the first day of listing is 20,310 yuan, translating to a profit of roughly 16,000 yuan per lot.
36 minutes ago
The latest draft of the CLARITY Act includes an incentive clause for white hat hackers, proposing to offer rewards to individuals who identify security vulnerabilities.
The latest draft of the U.S. Senate’s Cryptocurrency Market Structure Act (the CLARITY Act) includes provisions encouraging white hat hackers to responsibly disclose cybersecurity vulnerabilities, proposing to authorize rewards for individuals who identify and report such flaws to bolster protection for digital asset infrastructure before they are maliciously exploited. The provision incorporates the views of former CFTC Chairman J. Christopher Giancarlo, a long-time advocate for digital asset innovation.
36 minutes ago
US tech giants have cut nearly 140,000 jobs this year, with the four leading players' AI capital expenditure totaling $725 billion.
According to statistics from the Financial Times in partnership with Challenger, Gray & Christmas, U.S. tech industry layoffs since 2026 have accounted for more than one-third of all announced layoffs nationwide. Amazon, Oracle, Meta and Microsoft alone have cut nearly 50,000 jobs, roughly 6% of their total workforce. In sharp contrast, Amazon, Alphabet, Meta and Microsoft are projected to invest a combined $725 billion in AI infrastructure such as data centers this year. After laying off staff in March, Oracle’s total headcount dropped by 21,000 for the full year; this month, S&P downgraded its credit rating, citing weak cash flow and uncertain AI returns. Microsoft cut 4,800 jobs this month, mainly in its Xbox gaming division, essentially a full reset of its $75 billion acquisition of Activision Blizzard three years ago. The narrative that "AI causes layoffs" is met with skepticism in academic circles. Enrico Moretti, an economics professor at the University of California, Berkeley, notes that AI-related layoffs are more of an excuse for management to correct over-hiring during the pandemic. "Claiming AI-driven efficiency gains is easier than admitting to over-hiring back then," he said. Market pricing also contradicts this narrative: within 30 trading days of announcing layoffs, companies that attributed cuts to AI saw their stock prices underperform the Nasdaq by nearly 10%, while companies laying off for other reasons lagged by only around 4%. Amazon and Microsoft have explicitly stated that AI adoption is not a decisive factor in their layoffs. In contrast to the tech giants’ non-core business contractions, AI-native startups like Anthropic and OpenAI are still rapidly expanding their workforce, driving fast growth in AI sector employment. "What is being cut is merely all other non-core business segments."
36 minutes ago
Layer1 project Vanar will begin migrating its infrastructure to Base next Tuesday.
Layer 1 blockchain project Vanar announced that its infrastructure migration to Base will kick off next Tuesday. Users currently staking VANRY must first unstake, wait for the cooldown period to elapse before claiming their tokens. Earlier, Vanar stated that existing VANRY token holders can complete the migration at a 1:1 ratio, with their holding amounts remaining unchanged. Additionally, VANRY’s total supply will rise from 2.4 billion to 10 billion tokens, approximately 62% of which will stay locked during the migration. Once the migration is complete, staking for Vanarchain validators will be halted.
36 minutes ago
2035年数据中心将占美国电力消耗的约20%，成为下一个AI瓶颈
U.S. data center power demand is projected to surge by 253% from 2026 levels, reaching a record 194 gigawatts by 2035 — with 1 gigawatt roughly matching the capacity of a traditional nuclear reactor. Currently, data centers consume 6% of the U.S.’s annual electricity; that share is estimated to climb to around 12% by 2030, and will account for roughly 20% of total U.S. electricity consumption by 2035. Most of the growth in U.S. power demand is concentrated in a handful of grid regions, such as the PJM Interconnection, which serves Washington, D.C. and 13 states including Virginia, Pennsylvania and Ohio. Power will be the next AI bottleneck.
36 minutes ago
Robinhood Chain's 24-hour network fee revenue reached $350,000, ranking fourth among all blockchains.
According to DeFiLlama data, Robinhood EVM Chain generated $350,000 in 24-hour network fee revenue, ranking fourth among all blockchains, trailing only Canton, Tron, and Solana. Launched on July 1, the Robinhood EVM Chain has seen its total value locked (TVL) quickly rise to $315 million. Though originally designed for on-chain stocks and ETFs, it has emerged as a major hub for meme coin activity.
Artificial intelligence has become the biggest growth story in global technology, but this week's earnings from Alphabet and Tesla have reminded investors that building the infrastructure behind that boom is becoming increasingly expensive.
And, investors are not okay with this.
While both companies reported robust revenue growth and highlighted expanding demand for AI-related products and services, their results also reinforced concerns that the industry's largest players are spending at an unprecedented pace, squeezing free cash flow and raising questions about when those investments will begin generating meaningful financial returns.
The concern was evident immediately after the results.
Alphabet shares fell 7.1% on Thursday, while Tesla plunged 14.5%, marking the electric vehicle maker's worst single-day decline since March 2025.
The sharp market reaction has also set the tone for the next wave of Big Tech earnings, with Microsoft, Meta Platforms and Amazon due to report next week.
Investors are expected to closely examine not only revenue growth but also whether AI spending is accelerating faster than profits.
Tesla delivers record revenue growth but margins remain under pressureTesla's second-quarter report illustrated the growing divide between strong top-line expansion and increasing costs.
Revenue rose 26% year over year to $28.2 billion, comfortably exceeding the company's compiled consensus estimate of $27.6 billion.
Vehicle deliveries also reached a record 480,126 units during the quarter, up 25% from a year earlier.
Automotive revenue increased 23% to $20.5 billion, while energy generation and storage revenue climbed 13% to $3.1 billion.
Despite those gains, profitability deteriorated significantly.
Adjusted earnings came in at 33 cents per share, well below analyst expectations of 55 cents.
Operating expenses surged 47% to $4.4 billion, including a 49% jump in research and development spending to $2.4 billion.
Operating income declined 57% year over year to $398 million, leaving Tesla with an operating margin of just 1.4%, compared with 4.1% during the same period last year.
The biggest concern for investors was capital expenditure.
Tesla increased capex by 142% from a year earlier to $5.8 billion during the quarter, pushing free cash flow to negative $1.1 billion.
The company also said it expects to spend more than $25 billion in capital expenditures this year.
Chief Executive Elon Musk sought to reassure investors that the elevated spending reflects investments designed to transform Tesla beyond electric vehicles.
"This is a massive capex year. I'm confident that all the things that we're investing in will yield incredible returns. Really, maybe the best capex returns that we've ever seen," Musk said during the earnings call.
Much of that investment is being directed toward Tesla's next-generation semiconductor production capabilities and its Optimus humanoid robot programme.
The company said it is "installing the first-generation lines for Optimus" and expects production to begin soon.
For Musk, those initiatives represent future revenue streams that could ultimately outweigh the near-term financial pressure currently weighing on margins.
Alphabet posts record cloud growth but spending dominates investor attentionAlphabet delivered another quarter of exceptional cloud performance, but investors focused instead on the scale of the company's AI investment plans.
Google Cloud revenue surged 82% year over year to $24.8 billion during the quarter ended June, significantly outperforming analysts' expectations of approximately 64% growth, according to LSEG.
The performance reinforced Google's growing position in enterprise AI infrastructure, with cloud demand continuing to accelerate as businesses expand adoption of generative AI applications.
However, those strong results were overshadowed by another increase in capital expenditure guidance.
Chief Financial Officer Anat Ashkenazi said Alphabet now expects capital expenditure of between $195 billion and $205 billion during 2026, compared with previous guidance of $180 billion to $190 billion.
The revised outlook also exceeded analysts' expectations of roughly $188 billion, according to Visible Alpha.
Perhaps more striking was Alphabet's free cash flow.
The company reported negative free cash flow of $5.9 billion during the quarter, reversing nearly $25 billion in positive free cash flow generated during the same period a year earlier.
"The increase in the range is primarily due to an acceleration in the delivery of capacity to meet growing demand," Ashkenazi told analysts.
She said Google continues to face supply constraints despite multiple quarters of infrastructure expansion.
"We're still in a supply-constrained environment," she said. "I think we've said this now for multiple quarters in a row, and we are seeing very strong demand both from external cloud customers as well as across the business."
Ashkenazi, however, acknowledged that free cash flow will likely remain under pressure as Alphabet continues building technical infrastructure.
"We expect the free cash flow will remain under pressure, driven by our investments in technical infrastructure, which enables us to capitalize on the AI opportunity and continue to drive attractive returns," she said.
While operational performance received widespread praise, analysts questioned how sustainable current spending levels may become.
Bloomberg Intelligence analyst Mandeep Singh said Alphabet's financial results left little room for criticism operationally but warned that future capital expenditure could keep cash flow negative.
"Right now they are probably $10 billion-$15 billion free cash flow for this year, next year if this goes to $300 billion there is no way they're going to be positive free cash flow," Singh said on a Bloomberg Podcasts episode.
He argued that investors increasingly want stronger earnings contributions from Search, YouTube and Alphabet's other businesses instead of relying primarily on Google Cloud.
Thomas Monteiro, senior analyst at Investing.com, expressed similar concerns.
"After a negative cash flow quarter, the new raise in capex does not sit well for Alphabet," he said.
"The market's most reliable cash generators are now spending more than they bring in. As long as revenue keeps accelerating, investors will tolerate it. But capital has a real cost again, and the room for error is shrinking every quarter."
The spending surge reflects a broader transformation underway across the technology sector.
For years, companies such as Alphabet, Microsoft, Meta and Amazon generated enormous free cash flow that comfortably funded acquisitions, buybacks and new product development.
The AI race has changed that equation.
Industry capital expenditure is expected to exceed $700 billion this year as companies rapidly expand data centres, purchase AI chips and develop proprietary infrastructure.
As a result, investors are becoming less focused on revenue growth alone and increasingly attentive to whether AI-related investments can ultimately produce returns that exceed their cost.
That shift is expected to dominate discussions when Microsoft, Meta and Amazon publish earnings next week.
Alphabet's results have heightened expectations that rival technology companies could also increase investment plans.
Both Meta and Amazon shares declined alongside Alphabet following Wednesday's report.
"The risk is tilted towards further increases, particularly while Microsoft and others remain capacity-constrained," said Charu Chanana, chief investment strategist at Saxo Markets.
"But investors will increasingly focus on how much of that cash must be reinvested simply to remain competitive — and whether AI revenue can grow faster than capital expenditure, depreciation and operating costs."
Consensus estimates suggest Alphabet and Amazon could continue burning cash into 2026, while Meta's free cash flow is expected to decline 95.7% to just $1.9 billion.
Microsoft is forecast to generate $25.4 billion in free cash flow during its current fiscal year ending next June, compared with an estimated $58.7 billion during the previous financial year.
Meanwhile, capital expenditure relative to revenue is projected to rise sharply across the sector.
Meta's capex-to-revenue ratio is expected to increase to 54.9% from 35.9%, Alphabet's to 41% from 23%, Microsoft's to 45% from 31%, and Amazon's to 25% from 18%.
The latest earnings also underscored shifting competitive dynamics within cloud computing.
Google Cloud's 82% revenue growth substantially outpaced expectations and highlighted the division's rapid expansion.
Alphabet executives said customer demand has become so strong that the company plans to rent additional third-party data centre capacity despite the negative impact on margins.
Analysts say the performance raises pressure on both Amazon Web Services and Microsoft Azure.
AWS is expected to report revenue growth of 31.04%, accelerating from 28.4% during the previous quarter.
Microsoft Azure is forecast to deliver growth of 39.98%, broadly matching the prior quarter's 40%.
Competition could intensify further after reports that Meta is discussing renting computing capacity to Anthropic, adding another major buyer to an increasingly crowded AI infrastructure market.
"As compute becomes more available and models become cheaper, cloud capacity may look increasingly interchangeable. That could force providers to spend more while accepting lower returns," said Lale Akoner, global market strategist at eToro in a Reuters report.
Although not part of the so-called Magnificent Seven, Intel also reinforced the industry's AI narrative this week.
The chipmaker reported better-than-expected second-quarter results, recording its fastest revenue growth since 2011 as demand for server processors benefited from AI infrastructure spending.
Shares initially rose following the announcement before retreating during Friday's trading session.
"AI is driving unprecedented demand for compute," Intel Chief Executive Lip-Bu Tan said.
"As we continue to execute, Intel is well-positioned to capture sustainable growth across our CPU franchise."
The mixed reaction across the sector suggests investors remain supportive of AI's long-term potential but are becoming increasingly selective about how much they are willing to pay for that growth while companies continue pouring hundreds of billions of dollars into infrastructure.
Amazon (AMZN -0.70%) is building a constellation of 3,000-plus small "Amazon Leo" satellites to provide broadband internet service from low earth orbit. Blue Origin, Amazon's Jeff Bezos-founded cousin company, wants to build its own constellation of 5,400 small satellites to provide similar communication services specifically for enterprise, data center, and government customers.
And of course, there's Starlink. With approximately 10,800 small satellites in orbit, the SpaceX (SPCX -2.68%)-owned satellite communications business already dwarfs Amazon Leo and Blue Origin Terawave, combined. Viewed not in competition with the others, though, but in conjunction, Starlink helps demonstrate the global belief that large satellites have become passe -- and small satellites are the future.
Or are they?
Image source: Boeing.
U.S. Air Force bets big on big satellites Replacing large satellites in orbit with small satellites makes a lot of sense.
From a security perspective, it's harder for a hacker, a pirate, or a hostile foreign power to take over or destroy a satellite constellation comprising thousands of parts than a network with just a few dozen multiton satellites circling slowly in geostationary orbit.
From a technology perspective, too, when you consider the pace at which processor speeds are increasing, and launch costs are falling, it makes sense to build a lot of cheap little satellites with short lifespans, and iterate and update and replace them over time -- rather than anchor your business to a single large satellite whose technology becomes obsolete a year after it launches.
And yet, might there be some advantage to launching large satellites? Because just last month -- in the middle of this global movement toward small satellite constellations, the U.S. Air Force awarded Boeing (BA +0.12%) $2 billion to build two large Mobile User Objective System (MUOS) satellites that it expects to remain in service through 2035.
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What is MUOS? Originally built by Lockheed Martin (LMT +2.46%), which bid on this new contract and lost, MUOS is an ultra-high-frequency system that Boeing says is "designed to sustain and improve a critical communications capability used by military users operating on the ground, at sea and in the air, especially in places where reliable connections are harder to maintain."
MUOS comprises five original Lockheed-built satellites. Boeing will supplement the existing system and ensure it continues to function after Lockheed's original satellites begin aging out of service.
What does this contract mean for space stocks? And that's probably the important fact for space investors to focus on. Yes, the Air Force is buying large satellites. Yes, it's paying $1 billion for each, whereas small satellites from Rocket Lab (RKLB -8.70%) and Planet Labs (PL -8.50%) price in the mere millions. But the reason the Air Force is buying big satellites is to replace big satellites it's already bought.
This doesn't mean bigger is better. It just means the Pentagon has locked itself into operating big satellites for this particular MUOS project. For future projects, the Pentagon may well favor smaller over larger satellites -- just like everyone else on Earth.
Rich Smith has positions in Rocket Lab. The Motley Fool has positions in and recommends Amazon, Boeing, Planet Labs PBC, and Rocket Lab. The Motley Fool recommends Lockheed Martin. The Motley Fool has a disclosure policy.
Super Micro Computer (SMCI -3.53%) shares surged nearly 20% on July 22 after the company pre-announced strong preliminary results. While its second-quarter revenue is expected to come in toward the low end of its $11 billion to $12.5 billion range, that is still about double the revenue it generated a year ago. More importantly, it projected that its gross margins would rise to a range of 15% to 17%, well above its 8.2% to 8.4% guidance.
Supermicro, which designs and assembles servers and rack solutions for data centers, has struggled with margins, so this is a piece of welcome news. However, this is generally a low-margin business, and the surprising jump in margins is likely largely due to supply shortages.
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There have been shortages of key AI infrastructure components for things like memory, central processing units (CPUs), and graphics processing units (GPUs), so hyperscalers and enterprises that want complete systems right away are more likely to pay up for a complete system from an integrator. A shift toward enterprise or sovereign clients, which have less buying power, can also positively impact margins.
That said, this dynamic could be temporary, and Supermicro is still, by and large, a low-margin middleman. It also has a history of controversy, and its offices in Taiwan were raided at the end of June, related to employees smuggling chips to China. So instead of owning Supermico shares, I think buying Nvidia (NVDA -1.01%) is the much safer and smarter bet.
Image source: The Motley Fool.
Nvidia is the better stock to own
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Supermicro and most other integrators build their servers around Nvidia GPUs, so the strong demand it is seeing and its ability to boost margins speak volumes to the current high-demand environment for Nvidia's chips and components. In fact, this can be a great leading indicator.
When looking at where most of the value resides, this is with Nvidia and its GPUs. Supermicro is largely passing along high GPU prices to its customers; that's why its revenue is so high and its gross margins are generally low. Nvidia, on the other hand, has gross margins around 75%. So, what is good news for Supermicro is ultimately even better news for Nvidia, and you are getting a much more attractive company in Nvidia with a lot less controversy.
As Supermicro's preliminary Q2 numbers show, there is no current let-up in demand for AI infrastructure. At the same time, earlier commentary and an increase in capex from leading foundry Taiwan Semiconductor Manufacturing also point to strong long-term demand. With the king of AI infrastructure trading at a forward P/E of only 16 times fiscal 2028 (ending January 2028) estimates, investors don't need to overthink this and can just buy the stock of the high-quality market leader.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of VZ, TMUS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Avalanche (AVAX) continues to face bearish sentiment, with its price encountering strong technical resistance. Recent analysis indicates traders should remain cautious, as a decisive bullish reversal has not yet emerged for the asset.
AVAX struggles at key resistance levelsAt the time of publication, AVAX is trading at $6.22, while registering a 24-hour trading volume of $260.47 million and holding a market capitalization of $2.68 million. The token recorded a 1.82% decline in the last 24 hours, reflecting the broader cautious mood in the crypto market.
Crypto analyst 無名先生 reported that Avalanche’s upward momentum lost steam as the price stalled near the 50-day moving average. This level is widely regarded as a significant technical barrier among traders, restricting further upward movement.
Another analyst described AVAX’s recent attempt at recovery as reminiscent of a typical dead cat bounce, rather than a sustained bullish reversal. The ongoing struggle at the 50-day moving average, described as an ‘effective ceiling,’ has raised concerns about the risk of further downward moves.
AVAX remains under bearish pressure as long as it trades below the 50-day moving average. Without a clear breakout above this level, analysts caution that upside momentum remains limited and downside risk persists.
Until buyers can push AVAX above this resistance line with significant volume, the tendency for downward price action is expected to continue. Traders have been advised to remain alert and avoid making speculative entries during this uncertain period.
Deloitte and Avalanche introduce stablecoin adoption guideIn a separate development, Deloitte and Avalanche have released a detailed guide aimed at helping financial institutions with stablecoin adoption. This stablecoin playbook is designed to assist banks and enterprises as they navigate operational requirements, regulatory compliance, and implementation challenges associated with digital assets.
The initiative leverages Deloitte’s experience in enterprise advisory services combined with Avalanche’s blockchain technology to bridge knowledge gaps for organizations adopting stablecoins. The document outlines practical steps for evaluating use cases and deploying stablecoins in line with evolving regulatory frameworks.
Deloitte is a leading global professional services firm that provides audit, consulting, advisory, and risk services to organizations worldwide. Avalanche, meanwhile, is a smart contract-enabled blockchain platform known for its scalability and high-performance architecture.
Mini dictionary: Stablecoin playbook – A set of guidelines and best practices created to help financial organizations evaluate, implement, and manage stablecoins in a compliant and practical manner.
The playbook addresses changing regulatory environments and provides strategies for translating stablecoin adoption from initial concept to execution. By using this resource, organizations can better navigate compliance needs and accelerate the integration of blockchain solutions into their existing systems.
Technical outlook and prospectsDespite the introduction of new institutional-focused initiatives, AVAX’s price trajectory remains bearish. The broader digital asset market, particularly as Bitcoin experiences downward pressure, has contributed to ongoing caution among investors. Analysts note that recovering above the 50-day moving average, supported by robust trading volume, would be necessary to confirm a sustainable bullish trend.
If AVAX claims this resistance level, the token may stage a recovery, but a failure to break through could signal a continuation of the current downward trend. Observers argue that institutional support from firms like Deloitte may gradually increase enterprise engagement on the Avalanche network.
MetricCurrent Value24h ChangeAVAX Price$6.22-1.82%Market Cap$2.68 millionN/ATrading Volume$260.47 millionN/AMarket participants will continue to monitor whether the technical breakout occurs, and if institutional adoption initiatives can boost confidence in the Avalanche ecosystem.
The next major move for AVAX depends on buyers’ ability to reclaim the 50-day moving average with enhanced trading activity, which could determine if a reversal is possible or if the downtrend accelerates.
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.
Triple-A, a global fiat-to-crypto payment gateway, has become the latest victim of a multimillion-dollar hack. Blockchain security firm Peckshield reports that more than $9.7 million was drained after attackers drained its hot wallets across Ethereum, Solana, TRON, and TON.
Here’s how the attack happened.
Triple-A Hot Wallets Drained Across Multiple NetworksPeckshield reported that the exploit targeted Triple-A’s hot wallet infrastructure, affecting Ethereum, Solana, TRON, TON, Polygon, and Arbitrum.
According to the investigation, attackers stole over $9.7 million worth of crypto before swapping the assets and bridging them to Ethereum.
Blockchain records show the wallet currently holds 5,226.66 ETH, worth roughly $9.72 million.
Most of the stolen funds were transferred on July 24 and July 25.The largest single transaction moved 4,140 ETH into the wallet.Additional deposits included 615 ETH, 157 ETH, 112 ETH, 100 ETH, 72 ETH, and 23 ETH.After receiving these transfers, the attacker consolidated the funds into a single Ethereum wallet (0x01F…253b1).
How the Triple-A Exploit Happened?Security researchers believe the attacker first gained control of Triple-A’s internet connected hot wallets, which are commonly used to process customer payments quickly.
After gaining access, the hacker focused on stealing stablecoins and other liquid assets, then rapidly swapped them on decentralized exchanges.
Meanwhile, the stolen funds were then bridged to Ethereum, making it easier to consolidate the assets into one wallet.
No Official Response YetIt’s been more than 8 hours, and Triple-A has not released an official statement explaining the incident or confirming the exact cause of the exploit.
Security experts say companies handling large amounts of customer funds should strengthen wallet management, improve private key protection, and reduce the amount of assets kept online to limit future losses.
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Changxin's pre-IPO price drops to $6, corresponding to an RMB share price of 40.62 yuan on its first day of listing.
According to Hyperinsight’s monitoring, the Pre-IPO contract price of CXMT (Changxin Memory Technologies, whose listed entity is Changxin Technology) on Hyperliquid has fallen to $6, with a more than 5.7% drop in 24 hours. The corresponding RMB share price stands at 40.62 yuan. Calculated based on the post-issue total share count of 66.881 billion shares, the on-chain implied market capitalization is approximately $400 billion, equivalent to around 2.7 trillion yuan. At this valuation, the subscription cost per lot of 500 shares for retail investors who win the online application is 4,330 yuan. The estimated market value of 500 shares on the first day of listing is 20,310 yuan, translating to a profit of roughly 16,000 yuan per lot.
21 minutes ago
The latest draft of the CLARITY Act includes an incentive clause for white hat hackers, proposing to offer rewards to individuals who identify security vulnerabilities.
The latest draft of the U.S. Senate’s Cryptocurrency Market Structure Act (the CLARITY Act) includes provisions encouraging white hat hackers to responsibly disclose cybersecurity vulnerabilities, proposing to authorize rewards for individuals who identify and report such flaws to bolster protection for digital asset infrastructure before they are maliciously exploited. The provision incorporates the views of former CFTC Chairman J. Christopher Giancarlo, a long-time advocate for digital asset innovation.
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US tech giants have cut nearly 140,000 jobs this year, with the four leading players' AI capital expenditure totaling $725 billion.
According to statistics from the Financial Times in partnership with Challenger, Gray & Christmas, U.S. tech industry layoffs since 2026 have accounted for more than one-third of all announced layoffs nationwide. Amazon, Oracle, Meta and Microsoft alone have cut nearly 50,000 jobs, roughly 6% of their total workforce. In sharp contrast, Amazon, Alphabet, Meta and Microsoft are projected to invest a combined $725 billion in AI infrastructure such as data centers this year. After laying off staff in March, Oracle’s total headcount dropped by 21,000 for the full year; this month, S&P downgraded its credit rating, citing weak cash flow and uncertain AI returns. Microsoft cut 4,800 jobs this month, mainly in its Xbox gaming division, essentially a full reset of its $75 billion acquisition of Activision Blizzard three years ago. The narrative that "AI causes layoffs" is met with skepticism in academic circles. Enrico Moretti, an economics professor at the University of California, Berkeley, notes that AI-related layoffs are more of an excuse for management to correct over-hiring during the pandemic. "Claiming AI-driven efficiency gains is easier than admitting to over-hiring back then," he said. Market pricing also contradicts this narrative: within 30 trading days of announcing layoffs, companies that attributed cuts to AI saw their stock prices underperform the Nasdaq by nearly 10%, while companies laying off for other reasons lagged by only around 4%. Amazon and Microsoft have explicitly stated that AI adoption is not a decisive factor in their layoffs. In contrast to the tech giants’ non-core business contractions, AI-native startups like Anthropic and OpenAI are still rapidly expanding their workforce, driving fast growth in AI sector employment. "What is being cut is merely all other non-core business segments."
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Layer1 project Vanar will begin migrating its infrastructure to Base next Tuesday.
Layer 1 blockchain project Vanar announced that its infrastructure migration to Base will kick off next Tuesday. Users currently staking VANRY must first unstake, wait for the cooldown period to elapse before claiming their tokens. Earlier, Vanar stated that existing VANRY token holders can complete the migration at a 1:1 ratio, with their holding amounts remaining unchanged. Additionally, VANRY’s total supply will rise from 2.4 billion to 10 billion tokens, approximately 62% of which will stay locked during the migration. Once the migration is complete, staking for Vanarchain validators will be halted.
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2035年数据中心将占美国电力消耗的约20%，成为下一个AI瓶颈
U.S. data center power demand is projected to surge by 253% from 2026 levels, reaching a record 194 gigawatts by 2035 — with 1 gigawatt roughly matching the capacity of a traditional nuclear reactor. Currently, data centers consume 6% of the U.S.’s annual electricity; that share is estimated to climb to around 12% by 2030, and will account for roughly 20% of total U.S. electricity consumption by 2035. Most of the growth in U.S. power demand is concentrated in a handful of grid regions, such as the PJM Interconnection, which serves Washington, D.C. and 13 states including Virginia, Pennsylvania and Ohio. Power will be the next AI bottleneck.
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Robinhood Chain's 24-hour network fee revenue reached $350,000, ranking fourth among all blockchains.
According to DeFiLlama data, Robinhood EVM Chain generated $350,000 in 24-hour network fee revenue, ranking fourth among all blockchains, trailing only Canton, Tron, and Solana. Launched on July 1, the Robinhood EVM Chain has seen its total value locked (TVL) quickly rise to $315 million. Though originally designed for on-chain stocks and ETFs, it has emerged as a major hub for meme coin activity.
Across Protocol’s Risk Labs-operated relayer lost less than $4 million after an attacker fabricated $41.7 million in Solana deposit events, according to a post-incident report released by the cross-chain protocol.
Summary
1,627 fake deposits worth $41.7 million targeted 18 chains during the Solana attack. Risk Labs’ relayer paid $4.5 million across 581 fraudulent requests before suspending service. Around $500,000 in attacker funds remained trapped, reducing the net loss below $4 million. Across restored Solana transfers through CCTP, while user funds and the ACX buyback remained unaffected. Across attacker forged 1,627 Solana deposits The attack occurred between 05:07 and 06:14 UTC on July 17, according to the Across Protocol post-mortem. The attacker used 1,627 single-use Solana wallets to create the same number of fake deposit events.
Those deposits carried a combined face value of approximately $41.7 million and requested payments across 18 destination chains. Across reported that the funds were directed toward one recipient address on an Ethereum Virtual Machine-compatible network.
Risk Labs’ relayer filled 581 requests before Across stopped Solana operations. Those payments represented about 35.7% of the fraudulent requests but only 10.8% of their stated value.
The relayer advanced approximately $4.5 million of its own capital. Across invalidated the remaining 1,046 requests, preventing about $37 million in additional payouts.
Approximately $500,000 belonging to the attacker remained trapped within the protocol. Across deducted that amount from the gross payout to place its net loss below $4 million.
Why Across users avoided the relayer loss Across attributed the breach to a flaw in Risk Labs’ off-chain event-reading software rather than a vulnerability in its smart contracts. The protocol also reported that the attacker did not compromise the Solana network.
Across uses relayers that advance their own assets to complete cross-chain transfers before claiming repayment. That structure left Risk Labs’ relayer responsible for the loss instead of users who had submitted legitimate transactions.
All valid transfers were completed or fully refunded on July 17, according to Across. The protocol’s website shows that it has processed more than $34 billion in transfers without reporting a loss of user funds.
The incident differed from the Lien Finance exploit reported by crypto.news on July 24. SlowMist found that Lien’s attacker exploited a smart contract validation flaw to mint unsupported bond tokens and withdraw approximately 542,144.63 USDC.
crypto.news also reported that a wallet linked to the $285 million Drift Protocol exploit moved 23,095.1 ETH, worth about $44.4 million, through Tornado Cash on July 23 and July 24. Together, the incidents involved separate attack methods: off-chain software failure at Across, faulty contract logic at Lien, and post-exploit laundering tied to Drift.
What the CCTP shift means for US users Across restored Solana service in approximately 12 hours by routing transfers through Circle’s Cross-Chain Transfer Protocol. The protocol reported that its engineers deployed the root-cause fix about five hours after the attack.
The change has a direct U.S. connection because Circle issues USDC and operates CCTP. Circle states that CCTP burns native USDC on the source network and mints the same amount on the destination network without using traditional bridge liquidity pools or third-party fillers.
For U.S. users moving USDC to or from Solana, the fallback allowed transfers to resume without relying on the affected Risk Labs event reader. The Across breach did not involve USDC’s reserves or Circle’s minting contracts, according to the protocol’s findings.
The shift also comes after the United States established its first federal payment-stablecoin framework through the GENIUS Act. The law requires permitted issuers to maintain qualifying reserves and publish regular disclosures, according to a White House fact sheet. Those rules govern stablecoin issuers rather than the separate relayer software that caused the Across loss.
ACX buyback remains unchanged ACX traded near $0.041 after the post-mortem, with a market capitalization of about $29 million, according to CoinGecko. The token remained more than 97% below its all-time high.
Across stated that the loss would not affect its planned ACX token buyback. However, the protocol did not disclose whether Risk Labs would change its relayer funding, monitoring systems or operating limits.
Solana order flow remains routed through CCTP. Across has not provided a timeline for returning to its earlier routing system or announced the recovery of any additional funds.
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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Changxin's pre-IPO price drops to $6, corresponding to an RMB share price of 40.62 yuan on its first day of listing.
According to Hyperinsight’s monitoring, the Pre-IPO contract price of CXMT (Changxin Memory Technologies, whose listed entity is Changxin Technology) on Hyperliquid has fallen to $6, with a more than 5.7% drop in 24 hours. The corresponding RMB share price stands at 40.62 yuan. Calculated based on the post-issue total share count of 66.881 billion shares, the on-chain implied market capitalization is approximately $400 billion, equivalent to around 2.7 trillion yuan. At this valuation, the subscription cost per lot of 500 shares for retail investors who win the online application is 4,330 yuan. The estimated market value of 500 shares on the first day of listing is 20,310 yuan, translating to a profit of roughly 16,000 yuan per lot.
21 minutes ago
The latest draft of the CLARITY Act includes an incentive clause for white hat hackers, proposing to offer rewards to individuals who identify security vulnerabilities.
The latest draft of the U.S. Senate’s Cryptocurrency Market Structure Act (the CLARITY Act) includes provisions encouraging white hat hackers to responsibly disclose cybersecurity vulnerabilities, proposing to authorize rewards for individuals who identify and report such flaws to bolster protection for digital asset infrastructure before they are maliciously exploited. The provision incorporates the views of former CFTC Chairman J. Christopher Giancarlo, a long-time advocate for digital asset innovation.
21 minutes ago
US tech giants have cut nearly 140,000 jobs this year, with the four leading players' AI capital expenditure totaling $725 billion.
According to statistics from the Financial Times in partnership with Challenger, Gray & Christmas, U.S. tech industry layoffs since 2026 have accounted for more than one-third of all announced layoffs nationwide. Amazon, Oracle, Meta and Microsoft alone have cut nearly 50,000 jobs, roughly 6% of their total workforce. In sharp contrast, Amazon, Alphabet, Meta and Microsoft are projected to invest a combined $725 billion in AI infrastructure such as data centers this year. After laying off staff in March, Oracle’s total headcount dropped by 21,000 for the full year; this month, S&P downgraded its credit rating, citing weak cash flow and uncertain AI returns. Microsoft cut 4,800 jobs this month, mainly in its Xbox gaming division, essentially a full reset of its $75 billion acquisition of Activision Blizzard three years ago. The narrative that "AI causes layoffs" is met with skepticism in academic circles. Enrico Moretti, an economics professor at the University of California, Berkeley, notes that AI-related layoffs are more of an excuse for management to correct over-hiring during the pandemic. "Claiming AI-driven efficiency gains is easier than admitting to over-hiring back then," he said. Market pricing also contradicts this narrative: within 30 trading days of announcing layoffs, companies that attributed cuts to AI saw their stock prices underperform the Nasdaq by nearly 10%, while companies laying off for other reasons lagged by only around 4%. Amazon and Microsoft have explicitly stated that AI adoption is not a decisive factor in their layoffs. In contrast to the tech giants’ non-core business contractions, AI-native startups like Anthropic and OpenAI are still rapidly expanding their workforce, driving fast growth in AI sector employment. "What is being cut is merely all other non-core business segments."
21 minutes ago
Layer1 project Vanar will begin migrating its infrastructure to Base next Tuesday.
Layer 1 blockchain project Vanar announced that its infrastructure migration to Base will kick off next Tuesday. Users currently staking VANRY must first unstake, wait for the cooldown period to elapse before claiming their tokens. Earlier, Vanar stated that existing VANRY token holders can complete the migration at a 1:1 ratio, with their holding amounts remaining unchanged. Additionally, VANRY’s total supply will rise from 2.4 billion to 10 billion tokens, approximately 62% of which will stay locked during the migration. Once the migration is complete, staking for Vanarchain validators will be halted.
21 minutes ago
2035年数据中心将占美国电力消耗的约20%，成为下一个AI瓶颈
U.S. data center power demand is projected to surge by 253% from 2026 levels, reaching a record 194 gigawatts by 2035 — with 1 gigawatt roughly matching the capacity of a traditional nuclear reactor. Currently, data centers consume 6% of the U.S.’s annual electricity; that share is estimated to climb to around 12% by 2030, and will account for roughly 20% of total U.S. electricity consumption by 2035. Most of the growth in U.S. power demand is concentrated in a handful of grid regions, such as the PJM Interconnection, which serves Washington, D.C. and 13 states including Virginia, Pennsylvania and Ohio. Power will be the next AI bottleneck.
21 minutes ago
Citrini’s view: Korean manufacturers hold a cautious stance on the commercialization of 3D IC, while China’s ChangXin Memory Technologies is accelerating to secure niche markets via a customized approach.
Citrini analyst Jukan, citing the latest industry analysis from ZDNet Korea, notes that the AI semiconductor performance race is shifting from process miniaturization to advanced stacking technology, with 3D ICs—vertically integrating logic and memory—emerging as a key next-generation technology. Samsung Foundry has recently seen a sharp surge in inquiries for 3D ICs, with nearly every potential client asking about the technology. However, Jukan argues that 3D ICs are essentially custom DRAMs built to order, which fundamentally conflicts with the core business models of Samsung and SK Hynix, both relying on mass-producing standardized products. The two Korean giants are expected to limit their involvement to preliminary research and remain cautious about full commercialization. This structural hesitation opens an opportunity for niche players. China’s ChangXin Memory Technologies (CXMT), barred from entering the HBM market due to U.S. semiconductor restrictions, is leveraging 3D ICs as a differentiating breakthrough, choosing to target custom memory instead of competing head-on with Korean firms in the bulk DRAM segment. A South Korean semiconductor industry official stated that China has taken the lead in producing multiple 3D DRAM sample chips, and niche market players like CXMT and Winbond are likely to be the first to build this market. Analyst Jukan has also previously emphasized that NVIDIA’s CUDA moat is ending: the erosion of its software ecosystem barrier is occurring in tandem with the trend of 3D IC customization, and the next-generation AI memory competitive landscape may face a structural reshuffle.
Key Takeaways Suspicious withdrawals exceeding $9.7 million were detected from Triple-A’s hot wallets spanning several blockchain networks The breach affected Ethereum, Solana, TRON, and TON, with potential involvement of Polygon and Arbitrum The alleged attacker converted stolen assets into roughly 5,226.66 ETH and moved them to Ethereum Triple-A remains silent on whether the incident occurred and if user deposits are compromised The Singapore-based firm operates under payment licenses across the United States, European Union, and Singapore A suspected security breach targeting Triple-A, a Singapore-headquartered stablecoin payment infrastructure provider, has resulted in unauthorized withdrawals exceeding $9.7 million from the company’s hot wallets, according to blockchain security researchers monitoring on-chain activity.
⚠️ALERT: Triple-A wallets are under an apparent active exploit with over $9.7M drained.
Onchain analyst Specter has flagged suspicious outflows from Triple-A hot wallets across TRON, Ethereum, Polygon, and Arbitrum, with the stolen assets consolidated into 5,227 ETH.
Triple-A… pic.twitter.com/1RykKuPGwA
— Coin Bureau (@coinbureau) July 25, 2026
Blockchain investigator Specter initially identified the anomalous fund movements. Cybersecurity firm PeckShield subsequently confirmed the findings, with damage assessments climbing from an early estimate of $9.3 million to more than $9.7 million as additional transactions were discovered.
Assets Drained From Six Blockchain Networks The unauthorized withdrawals targeted wallets operating on Ethereum, Solana, TRON, and TON blockchains. Additional evidence suggests Polygon and Arbitrum may also have been compromised, potentially expanding the attack surface to six separate networks.
Following extraction, the stolen digital assets underwent conversion and cross-chain bridging operations before landing on Ethereum. The destination wallet contained approximately 5,226.66 ETH when security analysts flagged the activity.
Converting multiple tokens into ETH represents standard procedure following cross-chain breaches, as it simplifies the movement of disparate assets through a single, liquid cryptocurrency.
The variance between initial and updated loss figures likely stems from ongoing transfers or fluctuations in Ethereum’s market value during the incident window.
Triple-A’s Business Operations and Official Silence Triple-A delivers payment processing solutions enabling businesses to accept, exchange, and disburse funds through stablecoin rails and conventional banking channels. Its product suite encompasses point-of-sale integrations, enterprise payment systems, and international money transfers.
The firm maintains regulatory approval across multiple jurisdictions, including American, European, and Singaporean territories. It secured Major Payment Institution status from Singapore’s Monetary Authority and became part of Circle Payments Network during March 2026.
Triple-A has issued no official acknowledgment of the security incident. The company has not revealed how unauthorized access occurred, the timeline of suspicious activity, or whether client assets face exposure.
Fireblocks serves as Triple-A’s digital asset custody provider. Currently available information contains no indication that Fireblocks infrastructure suffered any compromise.
Attacker Identity Unknown, Customer Impact Unclear Security analysts have not publicly attributed the attack to any specific threat actor. No confirmed reports indicate whether the consolidated funds subsequently moved through cryptocurrency exchanges or privacy-enhancing mixing services.
Absent official disclosure or forensic analysis, this incident remains classified as a suspected hot wallet security failure rather than a verified smart contract vulnerability.
Triple-A has not announced whether it has paused deposit acceptance, withdrawal processing, or cross-blockchain transfer capabilities in response to the suspected breach.
This event occurs separately from a July 17 attack wherein an adversary generated fraudulent Solana deposit records targeting Across Protocol. That unrelated incident caused losses below $4 million after Across suspended Solana integration. No connection exists between the two security breaches.
Stakeholders await Triple-A’s official response addressing the verified loss amount, the attack vector employed, and whether the company intends to reimburse impacted users.
