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ARK Invest and Glassnode published a joint study on Sept. 1 that found three entities could cross the measured block-production thresholds for both Bitcoin and Ethereum, while Solana required 19.

Summary

Bitcoin reaches its 51% hash-rate threshold through three mining pools, according to the joint report. Ethereum requires three staking entities to exceed 33%, although pooled delegation complicates direct control assumptions. Solana’s Nakamoto coefficient is 19, but nearly all measured infrastructure operates inside commercial data centers. Bitcoin’s infrastructure is comparatively dispersed, with 63% of measured nodes operating anonymously through Tor networks. Ethereum hosts roughly 49% of execution-layer nodes in clouds, including 20% through Amazon Web Services. The 32-page report, titled The Decentralization Spectrum: Design Tradeoffs in Digital Assets, compares the networks across ownership, exit fluidity, verification costs, critical resilience, reconstruction costs and infrastructure distribution.

The findings do not mean three companies control Bitcoin or Ethereum. The metric counts mining pools and staking platforms as entities, even when the underlying hardware, stake or node operators belong to separate participants who may withdraw or redirect their resources.

Bitcoin’s three-pool threshold does not equal ownership The report applied a 51% hash-rate threshold to Bitcoin. Foundry USA represented 27.27% of the measured hash rate, followed by AntPool at 17.06% and F2Pool at 16.96%. Together, the three pools exceeded 61%.

This produced a Nakamoto coefficient of three, defined as the minimum number of measured entities needed to cross a network’s critical production threshold. ViaBTC controlled another 9.50%, while SpiderPool represented 5.82%.

Mining pools coordinate block construction and distribute rewards, but they do not necessarily own the machines producing their hash rate. Independent miners connect to pools to receive steadier income and can redirect their computing power elsewhere.

That mobility limits how closely pool concentration can be equated with permanent control. The report estimated a Bitcoin miner could switch a 1% hash-rate position in approximately 29 seconds. A coordinated attack or censorship attempt could prompt participants to leave the responsible pools.

Pools still influence transaction inclusion and ordering because they usually provide the block templates miners use. Pool concentration therefore represents an operational risk, even if it overstates the concentration of underlying mining ownership.

The issue is not new. Earlier crypto.news reporting found that two mining pools produced a majority of sampled Bitcoin blocks in late 2022. Pool shares have changed since then, but production continues to be concentrated among several large coordinators.

Ethereum crosses a lower threshold through pooled stake ARK and Glassnode applied a 33% stake threshold to Ethereum because participants controlling one-third of staked ETH can disrupt finality. This differs from Bitcoin’s 51% majority threshold, so the two coefficients do not describe identical powers.

Lido represented 23.04% of staked ETH in the report’s July data. Binance controlled 8.88%, and Kraken held 6.91%. Those three entities collectively represented approximately 38.8%, taking Ethereum above the selected threshold.

Lido is not a single validator. It distributes stake among multiple node operators, although those operators participate through a common protocol and governance framework. The report therefore treats Lido as shared infrastructure that aggregates economic weight rather than one machine or company directly controlling every validator.

Ethereum’s exit mechanics also restrict validator mobility. The report estimated that exiting a 1% position would take around 14.6 days under current conditions and as long as 55.6 days under heavy congestion. That is much slower than redirecting Bitcoin hash rate.

Client diversity provides another layer of resilience. The study placed Geth’s execution-client share at 34.88%, followed by Nethermind at 26.96% and Reth at 18.98%. Lighthouse represented 54.16% of consensus clients.

Different clients independently implement Ethereum’s rules, reducing the portion of the network exposed to one software defect. The relationship between Ethereum nodes and their software clients means validator concentration alone cannot describe the network’s full failure risk.

Solana’s 19-validator result comes with infrastructure costs Solana recorded the highest Nakamoto coefficient for the selected block-production threshold. The report found that 19 validators were needed to control more than 33% of delegated stake.

Figment was the largest individual validator at 3.78%, followed by Helius at 3.69%, Jupiter at 2.91%, Binance Staking at 2.81% and Ledger by Figment at 2.16%. The remaining 84.65% was spread across other validators.

One passage in the report says Solana requires 20 entities, but its chart, comparison table and published Glassnode summary all report a coefficient of 19. The table also says the figure increased from 18 in March 2026.

Solana’s validator distribution performed well on this particular measure, but its physical infrastructure was more concentrated. Approximately 100% of the infrastructure measured by the researchers operated in commercial data centers. About 68% was in Europe, while 21% was in North America.

TeraSwitch hosted 30.23% of measured stake, and the top two hosting companies served around 35.7%. Common infrastructure can create correlated failures even when the validator set contains many separate operators.

That risk became visible in August when 102 of 699 Solana validators stopped voting during a TeraSwitch routing problem. Solana continued processing transactions, but the episode showed how one infrastructure failure can affect multiple otherwise independent validators.

The report used Solana geographic data from November 2024, while most Bitcoin and Ethereum infrastructure data came from July 2026. That timing difference limits direct comparisons and leaves room for Solana’s distribution to have changed.

Bitcoin leads infrastructure resilience and auditability Bitcoin had the least expensive verification requirements in the study. The researchers estimated hardware for a full node at $289, compared with $730 for Ethereum and $21,478 for a Solana RPC node or validator-class configuration.

Its measured full-chain storage requirement was 753 gigabytes. Ethereum required approximately two terabytes for a full archive setup, while reconstructing Solana’s history was estimated at 480 terabytes because historical data is commonly offloaded to external providers.

Bitcoin also had the most distributed hosting profile. Only 16% of measured infrastructure operated in data centers, while 63% of nodes used Tor. Another 15% was residential or self-hosted.

Ethereum placed approximately 49% of execution-layer nodes in cloud environments and 45% in self-hosted settings. AWS alone hosted around 20%, while the top two providers accounted for approximately 27%.

Solana’s higher hardware and bandwidth demands reflect its focus on throughput. The tradeoff is that fewer ordinary users can independently recreate or verify the full network history using consumer equipment.

No single score settles blockchain decentralization The report ultimately ranked Bitcoin as the most decentralized of the three networks overall, followed by Ethereum and Solana. Bitcoin led in ownership distribution, auditability and geographic resilience.

Ethereum generally occupied the middle across the six dimensions. Solana scored strongly for its critical resilience threshold and validator participation but ranked lower for ownership distribution, verification accessibility and infrastructure diversity.

The methodology remains sensitive to how entities are grouped. Exchanges can hold tokens for many customers, mining pools aggregate independent miners, and staking protocols coordinate multiple operators. Wallet-size bands can likewise combine custodial assets belonging to thousands of users.

The comparison is therefore more useful as a map of separate concentration risks than as a definitive ranking. A network may distribute block production broadly while relying heavily on several hosting companies, software clients or governance organizations.

Future editions could improve comparability by using synchronized data dates, separating pools from underlying resource owners and distinguishing censorship thresholds from thresholds capable of rewriting finalized history.

FAQs Do three entities control Bitcoin? No. Three measured mining pools exceeded 51% of hash rate, but independent miners supply much of that computing power and can change pools.

Can three Ethereum platforms rewrite the blockchain? The report’s three-entity figure concerns the 33% stake threshold associated with disrupting finality. It does not represent the stronger two-thirds threshold needed for other consensus actions.

Why does Solana score 19? The 19 figure is the minimum number of validators whose combined delegated stake exceeds the report’s 33% threshold.

Which blockchain did the report rank as most decentralized? Bitcoin ranked highest overall due to its accessible verification, dispersed ownership and comparatively resilient geographic infrastructure.

Solana (SOL) maintained its price near $101 after a month marked by notable gains, drawing attention from analysts who now see the potential for further growth in the coming weeks.

Price action and market trendsOn September 1, SOL fell 1.76% in 24 hours, trading at $101.30. This pullback did little to offset its overall performance for the previous month, during which Solana surged 40%. Over the past week, the token recorded an additional 5% gain.

Broader cryptocurrency markets posted mild losses, with total market capitalization slipping 0.65% to $2.62 trillion. Bitcoin continued trading below $78,000, Ethereum hovered near $2,430, and XRP sustained its price at approximately $1.36.

Investor attitudes reflected this cooling trend, as the Fear and Greed Index edged down from 80 to 74 after the market’s 21% monthly advance. Some market watchers interpreted this as a slight pullback in optimism rather than a shift to bearish sentiment.

Analyst forecasts and technical outlookCryptocurrency analyst Ali Martinez urged traders to move away from a negative stance on Solana, highlighting emerging bullish signals in the token’s technical structure. Martinez pointed to recent trends as an early indication of a potential price breakout, suggesting a new target of $150 could be attainable in September if current momentum holds.

Ali Martinez told investors to “stop being bearish on Solana $SOL,” emphasizing that the technical setup is shifting toward a bullish direction and suggesting it was time for traders “to lock in before the next major move.”

Martinez and other analysts cited the need for SOL to secure support at $100 and then overcome resistance at $110 and $120. A successful breach above $120 would likely open the way to test $130 before aiming for the $150 goal. However, losing the $100 support could see price unwind toward the $95 region.

Technical indicators offered mixed messages: the Relative Strength Index stood at 40.56, suggesting it was above oversold territory, while the MACD remained slightly negative, hinting at potential sideways price action in the near term.

Solana-focused ETFs see rising demandSolana-based exchange-traded funds (ETFs) saw significant inflows in August. On August 31, net capital entering these funds reached $925,000 in a single day, all channeled into Fidelity’s FSOL product. Assets under management for Solana ETFs collectively grew to $1.44 billion, accounting for roughly 2.4% of Solana’s total market capitalization since launch. Combined trading volume from all seven Solana ETF products reached $67.55 million.

Fidelity, which manages the FSOL ETF, is a global financial services corporation known for expanding its exposure to digital assets through ETF offerings.

Mini dictionary: Solana ETFs, exchange-traded funds holding SOL or Solana-related assets, allow investors indirect exposure to the token through traditional financial markets.

ETF ProviderRecent Daily InflowsTotal AUMTrading Volume (Since Launch)Fidelity FSOL$925,000$1.44 billion$67.55 millionRecord surge in Solana network activityIn August, Solana processed over 5.2 billion non-vote transactions, a new monthly peak and a 23% increase compared to July’s 4.24 billion. Data from Blockworks showed this represents more than double the network activity recorded 18 months ago.

Non-vote transactions capture end-user applications and genuine network use, excluding validator maintenance functions. This strong uptick is widely seen as a signal of expanding activity among both developers and users.

The total supply of stablecoins circulating on the Solana network climbed to $14.7 billion in August, nearly triple the $5 billion figure reported one year earlier.

These milestones followed Solana’s first validator governance vote, where two out of three proposals received approval. Among the outcomes was a measure that will accelerate the annual reduction rate of newly issued SOL tokens, effectively halving emissions each year.

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Beam brings more than 25,000 small business customers to the Principal Benefits and Protection business along with its strong digital quoting and onboarding capabilities

DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group® (Nasdaq: PFG) completed its acquisition of Beam Benefits effective today, September 1. As an employee benefits company serving more than 25,000 small businesses, Beam’s scalable, digital-first capabilities complement the Principal Benefits and Protection business and will further enhance the customer and broker experience.

“Our combined organizations are in a strong position to serve the benefit and protection needs of more small businesses,” said Amy Friedrich, president of Benefits and Protection at Principal. “This acquisition marks an important milestone in our strategy to accelerate growth in this important market.”

Beam’s executive leadership team and over 200 employees transitioned to Principal immediately upon close. More than 25,000 Beam customers and their brokers will continue to receive the same level of care and service they expect without disruption as the companies work toward a more unified offering over time. Both organizations remain focused on serving customers and bringing together their complementary strengths to better serve small businesses.

“Beam has built its business around simplifying employee benefits for small businesses through faster quoting, streamlined onboarding, and an easier experience for employers and brokers,” said Tolithia Kornweibel, CEO of Beam Benefits. “Together with Principal, we can accelerate our mission to help more businesses offer benefits to support their employees and their growth.”

Principal previously announced its intention to acquire Beam Benefits in July of this year. 2026 capital deployment and earnings per share growth targets remain unchanged following the acquisition.

Perella Weinberg Partners served as financial advisor to Principal, with Skadden, Arps, Slate, Meagher & Flom LLP acting as legal counsel. Ardea Partners LP served as financial advisor to Beam Benefits, with Wilson Sonsini Goodrich & Rosati, P.C. acting as legal counsel.

About Principal Financial Group®

Principal Financial Group® (Nasdaq: PFG) is a global financial company with approximately 19,000 employees1 passionate about improving the wealth and well-being of people and businesses. In business for 146 years, we’re helping over 82 million customers2 plan, insure, invest, and retire, while working to support the communities where we do business, and building an inclusive workforce. Principal® is proud to be recognized as one of the 2026 World’s Most Ethical Companies3 and named as a “Best Places to Work in Money Management4.” Learn more about Principal and our commitment to building a better future at principal.com.

About Beam Benefits

Beam Benefits is a digitally-native employee ancillary benefits company that offers dental, vision, life, disability, and supplemental health coverage for employers. The company simplifies and modernizes ancillary benefits through its intuitive online platform, self-service tools, AI-powered underwriting, and thoughtful coverage for improved overall wellness. Beam is available in 46 states and the District of Columbia. Learn more at beambenefits.com.

Insurance products issued by Principal Life Insurance Company®, a member of the Principal Financial Group®, Des Moines, IA 50392. ©2026 Principal Financial Services, Inc.

1 As of June 30, 2026

1 As of June 30, 2026

2 Ethisphere, 2026

3 Pensions & Investments, 2025

This news release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “expect,” “continue,” “plan,” “will,” “strategy,” “target,” and similar expressions, among others, generally identify forward-looking statements, which speak only as of the date the statements were made. Forward-looking statements are made based upon management’s current expectations and beliefs concerning future developments and their potential effects on us. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from those included in the forward-looking statements as a result of risks and uncertainties. Those risks and uncertainties include, but are not limited to, the risk factors listed in Item 1A, “Risk Factors,” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and the other filings we make with the U.S. Securities and Exchange Commission (the “SEC”). We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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Suite of instruments delivers speed, power, and precision to meet emerging AI and data center device test challenges.

NORTH READING, Mass.--(BUSINESS WIRE)--Teradyne, Inc. (NASDAQ: TER), a leading provider of automated test equipment and advanced robotics, announced the launch of three new instruments for its UltraFLEXplus platform, designed to meet the increasingly complex demands of AI and data center semiconductor testing. The UltraPin5000-EM, UltraPort-PCIe6, and UltraVS64-HP instruments are designed to deliver unmatched scalability, flexibility, and performance, empowering semiconductor manufacturers to test advanced devices with maximum efficiency and accuracy. Together, these instruments aim to advance Teradyne's position across the full AI device supply chain, from first wafer probe to final rack validation, ensuring components in an AI data center meet the quality standards the industry demands.

Teradyne announced the launch of three new instruments for its UltraFLEXplus platform, designed to meet the increasingly complex demands of AI and data center semiconductor testing.

Share“As the AI and data center market drives unprecedented growth in semiconductor complexity, Teradyne remains committed to delivering innovative solutions that enable our customers to stay ahead in this rapidly evolving market,” said Greg Smith, CEO of Teradyne. “This new suite of instruments expands the capabilities of our UltraFLEXplus platform, offering the industry’s most advanced, future-proof solutions for testing cutting-edge devices.”

UltraPin5000-EM

The UltraPin5000-EM is Teradyne's next-generation digital instrument, purpose-built to address the demands of pattern-intensive AI and compute devices. With up to 80 times more vector memory than other market offerings, it enables testing of today’s most complex AI devices while future-proofing for tomorrow’s innovations. Pattern loads are up to 10 times faster, and a new Persistence Mode delivers near-instant reloads, enabling engineering teams to accelerate debug and characterization while production floors benefit from improved equipment efficiency.

The UltraPin5000-EM delivers excellent signal integrity at 5 Gbps data rates for robust high-bandwidth pattern throughput, while its flexible timing architecture supports independent clock frequencies per pin for seamless adaptation to heterogeneous device requirements. Scan network acceleration compiles per-core results in real time, enabling immediate adaptive test decisions and reducing structural test time without sacrificing coverage. Compatible with the UltraPin2200, the UltraPin5000-EM protects customer's existing investments while scaling to meet new device requirements.

UltraPort-PCIe6

The UltraPort-PCIe6 is the industry's first high-speed I/O protocol ATE solution for PCIe Gen6 interfaces, delivering 64 Gbps (PAM-4) across 32 lanes per instrument. Excellent signal integrity performance, combined with unique per-pin PMU and integrated loopback capability, provides enhanced test coverage, broader diagnostics, and the cleanest signal path to the device, for test solution setups that can be brought up quickly and stay stable in production. A dedicated server-class compute backend scales to 2TB of high-performance memory, executing the largest test data sets at the fastest test times.

The instrument supports both mission-mode testing and high-speed I/O scan, enabling test coverage to shift to earlier insertions to improve Known Good Die confidence, and reduce waste of high-value HBM and advanced packaging assemblies.

UltraVS64-HP

The UltraVS64-HP is Teradyne's most advanced power supply, delivering 1280 amps per instrument, 5120 amps per ganged supply, and total test cell capacity exceeding 15,000 amps. A unique 16V range makes the UltraVS64-HP ready for emerging integrated voltage regulator (IVR) architectures, spanning low-voltage, high-current devices through higher-voltage inputs. This current and voltage headroom lets customers follow advanced packaging roadmaps toward larger, higher-power compute devices - all from a single instrument.

New integrated multi-point sense joins superior dynamic load response to preserve device yields, holding conditions stable as high-current activity shifts across reticle-size die and multi-die packages. Advanced power profiling provides push-button access to deep insights into device behavior during test, critical for characterizing next-generation architectures and for optimizing test programs to measured results. A new, dedicated Intelligent power interface brings elements of system-level power management into the test cell and adds fast hardware-level fault response that guards against thermal runaway, and the costly probe card and socket damage it can cause.

Visit Teradyne at SEMICON Taiwan, meeting room #534, September 2-4, 2026, in Taipei, Taiwan to explore these innovative products and more. For more information about these instruments, visit teradyne.com/ultraflexplus.

About Teradyne

Teradyne (NASDAQ: TER) designs, develops, and manufactures automated test equipment and advanced robotics systems. Its semiconductor and electronics test solutions span the full AI device supply chain, from wafer to data center, enabling customers to meet the quality and reliability standards the AI era demands. Its advanced robotics business deploys intelligent automation across manufacturing, logistics, and data center operations for customers worldwide. For more information, visit teradyne.com. Teradyne® is a registered trademark of Teradyne, Inc., in the U.S. and other countries.

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Arbitrum [ARB] delivered a 28% gain in the last day as of writing, as the blockchain itself became a central stage for capital movement across the market while retaining most of it.

While there’s a clear sign that the bulls are active in the market, the impact on ARB came from the movement of bridge assets across chains, showing that Arbitrum dominated in netflow with $1.6 billion retained in value.

To put this into perspective, bridge asset netflow tracks capital moving across multiple chains to show how much enters and leaves each chain.

Source: Artemis When the netflow is positive, like in this case, it suggests that most of the capital settled on the chain, a positive factor that can impact price.

At the time of writing, Arbitrum has led other chains in terms of netflow over the last day, ahead of Ethereum [ETH] and Robinhood, which followed, respectively, in terms of flow. Importantly, this type of flow needs to be maintained if there’s going to be a continued rally in the near term.

However, bridge asset movement is just one part of the broader factors that influenced the rally. AMBCrypto found other catalysts that have also impacted the market.

Investors committing to a long-term rally Investors are showing signs of interest in ARB as a whole, with the total value locked (TVL) tracking the health of the chain based on deposited and locked capital.

Between the 19th of August and the time of writing, roughly 13 days have seen its TVL increase by $170 million, reaching a new level of $1.412 billion.

In simple terms, TVL grew by an average of $13.07 million daily. Although this is moderate, it shows there’s strong commitment to the rally.

Source: DeFiLlama Analyzing the chain, activity across decentralized exchanges has also been seeing a good level of activity. Data from DeFiLlama shows that after volume declined steadily between the 21st and 28th of August, there has been a pickup in activity.

Data shows that from the 29th, DEX volume grew by over 151%, reaching a high of about $208.72 million. A surge in volume is particularly helpful to ARB, as it increases usage, which ultimately feeds into demand in the long run.

Yet, it is important to note that this surge in activity reflects usage, not user growth, as daily active traders remained at about 106,500.

Watch the perpetual market On-chain activity only tells one part of the picture, which is why it’s important to analyze what’s happening off-chain across exchanges, a key trading venue for the native ARB token.

CoinGlass data shows that there has been a massive inflow of capital into the perpetual market, which aligns with the rise in ARB.

The Open Interest (OI) of ARB, which tracks the capital value of contracts in an asset, rose by 65%, reaching $169 million. When compared to the Funding Rate of 0.0055%, the data revealed that the majority of market flow, as well as existing capital, was positioned long.

Final Summary Arbitrum retained $1.6 billion in bridge asset netflow as ARB posted a 28% gain in the last day. Rising TVL, DEX volume, and OI point to stronger demand, but daily active traders remain below August highs.

Japan's Honda (7267.T) aims to cut more than $9 billion in ​costs over the next four years and has instructed suppliers to drastically reduce their prices, according to internal documents and one person familiar with ‌the matter.

The plan, reported here for the first time, is one of the most striking examples yet of how Japanese automakers are scrambling to deal with intensifying competition from China. BYD (002594.SZ) and other Chinese electric vehicle (EV) makers are capturing sizeable market share in Southeast Asia, Latin America and Europe, powered by advanced software and battery technology — and prices that are by far the industry's lowest.

Honda, the world's ​largest motorcycle manufacturer, is trying to fix its struggling car business. It expects EV-related losses to ultimately total more than $12 billion, one of the biggest hits ​among global automakers, and is now shifting its focus to gasoline-electric hybrids. In May it reported its first-ever annual loss as ⁠a publicly traded company.

The maker of the CR-V sport-utility vehicle now aims to save 1.5 trillion yen ($9.4 billion) by 2030, according to the documents and the person.

This story is ​based on a Reuters review of internal company documents and interviews with two people familiar with the matter, both of whom declined to be identified because the information is ​not public.

In a written response to questions, a Honda spokesperson declined to comment on specific cost-reduction targets or details of discussions with suppliers.

The automaker was working with suppliers globally to improve competitiveness and reduce costs, including through the use of standardised parts, the spokesperson said.

SPRING MEETING
In spring of this year, Honda managers met with major suppliers at a convention centre in Utsunomiya, a city north of ​Tokyo near the automaker's R&D facility, according to the documents and the people. It was not clear how many suppliers attended.

Honda managers briefed suppliers on the plan and ​said it would also look to source more components from Chinese suppliers, one of the people said. Each supplier was later presented with company-specific targets to cut costs, the people said.

Honda is ‌aiming to ⁠reduce costs by 30% in three key parts categories: pressed and forged components, electrical parts and parts related to software-defined vehicles (SDVs), according to the documents. Such a reduction would allow Japanese suppliers to better compete with Chinese rivals, the documents said.

Honda's direct suppliers, or "tier-one" suppliers, were also asked to review how they procured materials and were urged to make use of standardised parts sourced from second- and third-tier suppliers, to help keep costs down, the documents showed.

Honda managers also asked suppliers to expand their own use of Chinese-made ​components where possible, according to the documents.

The cost-reduction ​targets were "extremely large" and it was ⁠not immediately clear whether they would be achievable, one of the sources said.

The other person said that up until the spring meeting, Honda had not given the impression that it needed aggressive cost cuts. Now, the situation appeared to leave "no room for delay," ​the person added.

Honda shares were down 2.5% in afternoon trading on Wednesday. Those in several Honda-affiliated suppliers also traded lower, with ​seat maker TS Tech (7313.T) ⁠down 1.3%, frame maker H-One (5989.T) off 2.3%, and auto body parts maker G-Tekt (5970.T) 2.0% lower.

On Monday, Honda and Nissan (7201.T) said they would jointly develop standardised electronic control units for SDVs and aim to roll out an architecture built around them from the 2029 financial year.

Honda CEO Toshihiro Mibe won support for his reappointment to the company's board in June. He has faced pressure from ⁠former executives to ​step down over the company's performance.

Last year, Honda and Nissan ended merger talks that would have created ​one of the world's largest automakers.

In addition to Chinese competition, Honda and other automakers are being squeezed by U.S. President Donald Trump's import tariffs and higher labour expenses. They also face the growing need to invest in ​research and development of technology as cars become more advanced, raising costs across the industry.

, /PRNewswire/ -- Adecoagro S.A. (NYSE: AGRO) ("Adecoagro" or the "Company"), a leading sustainable production company in South America, announced today that it has completed the acquisition of the Caarapó Mill from Raízen Group, following the satisfaction of all conditions precedent set forth in the purchase agreement previously announced on July 20, 2026.

As of today, the mill is operating under Adecoagro's ownership and management.

The final purchase price was R$705 million (approximately US$136 million), paid in cash at closing. Based on Caarapó's crushing volume of 3.5 million tons during the 2025/26 harvest season, the acquisition implies a purchase price of approximately US$39 per ton of crushing capacity.

The Company sees significant opportunities to enhance operational performance through the implementation of its management practices, efficiency initiatives, and commercial optimization strategies. Over time, Adecoagro expects these improvements to substantially increase Adjusted EBITDA generation, bringing the asset's profitability in line with the performance levels achieved across its existing Sugar, Ethanol & Energy operations. During 2027 Adecoagro expects to crush 4.5 million tons at Caarapó, by processing excess sugarcane from its existing operations.

Renato Junqueira Santos Pereira, Adecoagro's VP of the Sugar, Ethanol and Energy business, commented: "Over the years, we have built a very competitive platform in Mato Grosso do Sul, benefiting from land availability at a competitive cost, the ability to extend the harvest season and crush year-round, significant production flexibility and a strong cogeneration base. We see Caarapó as a natural extension of this platform, as we will apply the same operating model and know-how." He added: "Caarapó is similar in scale to our existing mills in Mato Grosso do Sul, with installed capacity to crush approximately 6 to 7 million tons of cane per year, well above the 3.5 million tons processed in the past harvest seasons. By redirecting excess cane from our Cluster to Caarapó, we will increase crushing volumes from the outset, initially by extending the harvest season and ultimately migrating toward a continuous harvest model."

Mr. Junqueira remarked: "We see significant opportunities to improve Caarapó's operating KPIs and bring them closer to the levels achieved across our Cluster. These include industrial efficiency, asset utilization, energy exported per ton of cane, and the application of our agricultural best practices. We will use our existing G&A structure to manage the mill, and we will benefit from the scale of our integrated platform, including additional storage capacity and greater commercial flexibility. Together, these initiatives will drive further cash cost dilution, allowing Caarapó's production costs to gradually converge toward the Company's levels."

Mariano Bosch, Co-Founder and Chief Executive Officer of Adecoagro, said: "We are growing in crushing capacity at a very attractive price, and we see significant potential to improve Caarapó's performance by applying the same practices that have made our Sugar & Ethanol platform one of the most sustainable and lowest-cost producers of sugar, ethanol and energy in the world. We believe this gives us a clear path to create significant value for our shareholders."

With the acquisition, Adecoagro expects its Cluster in Mato Grosso do Sul to crush 17 million tons in 2027, becoming one of the largest Clusters in Brazil.

About Adecoagro:

Adecoagro is a leading sustainable production company in South America. Adecoagro owns 210.4 thousand hectares of farmland and several industrial facilities spread across the most productive regions of Argentina, Brazil and Uruguay, where it produces 3.1 million tons of agricultural products, 1.3 million tons of fertilizers and over 1 million MWh of renewable electricity.

For questions, please contact

Adecoagro
Victoria Cabello - IR Officer
Email: [email protected]

SOURCE Adecoagro S.A.

Shares of artificial intelligence (AI) cloud infrastructure provider CoreWeave (CRWV -3.58%) trade around $82 as of this writing, down about 47% from their 52-week high. But the business keeps growing at an extraordinary pace. Second-quarter revenue rose 112% year over year to about $2.6 billion, and the company's revenue backlog reached about $104 billion (a figure that excludes more than $25 billion of new commitments added early in the third quarter).

The cost of financing that growth is climbing even faster. CoreWeave's interest expense was $640 million in the second quarter -- 2.4 times the $267 million it recorded a year earlier.

And the bond market isn't helping. The 30-year Treasury yield has closed above 5% on 55 days since the start of January, the most closes above that mark in any year since 2006.

To be fair, CoreWeave doesn't borrow at 30-year maturities, and its debt doesn't price anywhere near Treasury yields. But in a bond market like that, I think borrowed money could stay expensive for a while. And CoreWeave needs a lot more of it.

Image source: The Motley Fool.

More debt, cheaper debtCoreWeave's interest expense has climbed every quarter for the past year, from $267 million in the second quarter of 2025 to $311 million, $388 million, $536 million, and now $640 million. The driver is the balance, not the rate. Total debt reached about $35 billion as of June 30, up from about $21 billion at the end of 2025. That is a lot of debt for a company that completed its initial public offering (IPO) less than 18 months ago.

The rate, in fact, has moved in CoreWeave's favor.

"Over the past year, we have reduced our weighted average cost of debt by almost 300 basis points, representing approximately $1.1 billion of annualized interest saving based on our end of Q2 debt load," chief financial officer Nitin Agrawal said in the company's second-quarter earnings call.

Those savings are real. Low-rate convertible notes and bigger credit facilities have replaced some of the expensive borrowing from earlier in its cloud build-out. The bill more than doubled anyway, because the balance grew far faster than the rate fell.

How expensive is all that debt?CoreWeave's latest quarterly filing lists effective interest rates for its borrowings, and the range is wide: 2% on its convertible notes, mostly 9% to 11% on its term loans and senior notes, and 15% on its oldest term loan.

Weight each rate by its balance, and the blended cost works out to about 8.4%. On a balance this size, each percentage point costs more than $350 million a year.

New money is still arriving above that average. CoreWeave issued senior notes at 9.75% in April and 9.625% in June, plus euro-denominated notes at 8.5% -- effective rates of 9% to 10% once fees and discounts are folded in.

And the $2.6 billion term loan facility it added in August prices at 5.5 percentage points over the benchmark short-term lending rate.

The broader bond market offers little sign of relief coming. The 30-year yield touched 5.34% in mid-August, its highest since 2007, and sits at about 5.27% as of this writing.

The bill keeps climbingManagement expects third-quarter interest expense of $860 million to $940 million, a step up of about 41% at the midpoint, against $200 million to $260 million of adjusted operating income.

Operating profit was already far behind. Adjusted operating income was $128 million in the second quarter, down from $200 million a year earlier even as revenue more than doubled.

But the maturity schedule, at least, looks manageable. About $4.4 billion of principal comes due through year-end and $6.2 billion in 2027, while nearly $15 billion isn't due until after 2030. Refinancing isn't the near-term problem, in my opinion. New borrowing is.

Premium Feature

Moneyball Superscore

80/100

Today's Change

(

-3.58

%) $

-3.04

Current Price

$

81.85

That's because the spending isn't slowing down. CoreWeave spent $16.1 billion on capital expenditures in the first half, and its full-year guidance of $35 billion to $39 billion implies roughly $19 billion to $23 billion more in the second half.

Against that, CoreWeave held about $5.5 billion of cash at the end of June -- arguably not much next to spending plans that size.

Ultimately, the second quarter showed a company getting better at borrowing while needing more of it than ever. Sure, the spending builds the AI infrastructure behind the $104 billion of contracted revenue already on the books. But the interest bill is climbing faster than the operating profit that is supposed to carry it.

That gap is the number I'd watch. Interest expense ran about $500 million ahead of adjusted operating income in the second quarter, and guidance implies the distance widens in the third.

Palo Alto Networks, Inc. (PANW) Q4 2026 Earnings Call September 1, 2026 4:30 PM EDT

Company Participants

Hamza Fodderwala - Senior VP of Investor Relations & Strategic Finance
Nikesh Arora - Chairman & CEO
Dipak Golechha - Executive VP & CFO

Conference Call Participants

Robbie Owens - Piper Sandler & Co., Research Division
Brian Essex - JPMorgan Chase & Co, Research Division
Saket Kalia - Barclays Bank PLC, Research Division
Fatima Boolani - Citigroup Inc., Research Division
Matthew Hedberg - RBC Capital Markets, Research Division
Michael Turrin - Wells Fargo Securities, LLC, Research Division
Gray Powell - BTIG, LLC, Research Division
Meta Marshall - Morgan Stanley, Research Division
Brad Zelnick - Deutsche Bank AG, Research Division

Presentation

Hamza Fodderwala
Senior VP of Investor Relations & Strategic Finance

Good day, everyone, and welcome to Palo Alto Networks' Fiscal Fourth Quarter 2026 Earnings Conference Call. I am Hamza Fodderwala, Senior Vice President of Investor Relations and Strategic Finance. Please note that this call is being recorded today, Tuesday, September 1, 2026, at 1:30 p.m. Pacific Time.

With me on today's call to discuss our fiscal fourth quarter results are Nikesh Arora, our Chairman and Chief Executive Officer; and Dipak Golechha, our Chief Financial Officer. You can find the press release and other information to supplement today's discussion on our website at investors.paloaltonetworks.com. While there, please click on the link for quarterly results to find the Q4 '26 supplemental financial information and Q4 '26 earnings presentation.

During the course of today's call, we will be making forward-looking statements and projections regarding the company's business operations and financial performance as well as the company's recent acquisitions. These statements made today are subject to a number of risks and uncertainties that could cause our actual results to differ from these forward-looking statements. Please review our press release and recent SEC filings for a description of these risks

MongoDB, Inc. (MDB) Q2 2027 Earnings Call September 1, 2026 5:00 PM EDT

Company Participants

Jess Lubert - Vice President of Investor Relations
Chirantan Desai - President, CEO & Director
Michael Berry - CFO & Principal Financial Officer

Conference Call Participants

Raimo Lenschow - Barclays Bank PLC, Research Division
Aleksandr Zukin - Wolfe Research, LLC
Matthew Martino - Goldman Sachs Group, Inc., Research Division
Karl Keirstead - UBS Investment Bank, Research Division
Sanjit Singh - Morgan Stanley, Research Division
Ryan MacWilliams - Wells Fargo Securities, LLC, Research Division
S. Kirk Materne - Evercore ISI Institutional Equities, Research Division
Tyler Radke - Citigroup Inc., Research Division
Koji Ikeda - BofA Securities, Research Division

Presentation

Operator

Hello, and welcome to MongoDB's Second Quarter Fiscal '27 Earnings Call. [Operator Instructions]

I would now like to hand the conference over to Jess Lubert, Vice President of Investor Relations. You may begin.

Jess Lubert
Vice President of Investor Relations

Thank you, operator. Good afternoon, and thank you for joining us today to review MongoDB's Second Quarter Fiscal 2027 Financial Results, which we announced in our press release issued after the close of market today. Joining me on the call today are CJ Desai, President and CEO of MongoDB; and Mike Berry, CFO of MongoDB.

During this call, we will make forward-looking statements, including statements related to our market and future growth opportunities, our opportunity to win new business, our expectations regarding Atlas assumption growth, the impact of EA and other business and multiyear license revenue and the long-term opportunity of AI, our financial guidance and underlying assumptions, including expectations regarding profitability and operating margin and our investments in growth opportunities in AI.

These statements are subject to a variety of risks and uncertainties, including the results of operations and financial conditions that could cause actual results to differ materially from our expectations. For a discussion

Telephone and Data Systems Announces It Is No Longer Pursuing the Acquisition of Public Shares of Array Digital Infrastructure PR Newswire

CHICAGO, Sept. 1, 2026

TDS Expects to Recommence Repurchase Program

, /PRNewswire/ -- Telephone and Data Systems, Inc. (NYSE: TDS) (the "Company" or "TDS") today announced that it is no longer pursuing the acquisition of the Common Shares of Array Digital Infrastructure, Inc. (NYSE: AD) ("Array") that it does not already own and has withdrawn its previously announced proposal. Under the terms of the proposal, each Array Common Share not owned by TDS would have been exchanged for 0.86 of a TDS Common Share, subject to the assumptions set forth in the proposal. TDS will continue to hold its approximately 82% ownership interest in Array.

"While we remain confident that the combination presents substantial benefits, we no longer believe that now is the right time to complete such a transaction. Despite extensive review on both sides, we were not able to reach agreement on the form of consideration and value," said Walter Carlson, President and Chief Executive Officer of TDS. "We appreciate the time and effort that the Special Committee of the Board of Directors of Array devoted to this process. We remain confident in Array's business and long-term prospects and are committed to supporting Array's continued success as a leading owner and operator of wireless communications infrastructure. Similarly, we remain confident in the long-term prospects of TDS Telecom as we execute our strategy to expand our marketable fiber service footprint and deliver value for customers and our shareholders."

TDS continues to support Array's previously disclosed intention to opportunistically monetize its remaining wireless spectrum assets. TDS and Array intend in the near term to increase their efforts to pursue opportunities to monetize such assets.

With the withdrawal of the proposal to Array, TDS expects to recommence repurchases of TDS Common Shares under its previously announced share repurchase programs, including the additional $500 million share repurchase authorization announced in November 2025. As of June 30, 2026, approximately $523.9 million remained available under TDS's share repurchase programs. The timing, manner and amount of any repurchases will be determined by TDS in its discretion and will depend on market conditions, applicable legal requirements and other factors.

About TDS

Founded in 1969, Telephone and Data Systems provides broadband services and wireless infrastructure through its businesses, TDS Telecom and Array Digital Infrastructure, Inc.

About Array

Array is a leading owner and operator of shared wireless communications infrastructure in the United States. With over 4,400 cell towers in locations from coast to coast, Array enables the deployment of 5G and other wireless technologies throughout the country. Headquartered in Chicago, Array is approximately 82% owned by TDS.

For more information about TDS and its subsidiaries, visit:

TDS: tdsinc.com
Array: arrayinc.com
TDS Telecom: tdstelecom.com

FORWARD LOOKING STATEMENTS

This communication contains forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, which reflect TDS' current estimates, expectations and projections about TDS' and Array's future results, performance, prospects and opportunities. Such forward-looking statements may include, among other things, statements regarding TDS' and Array's efforts to monetize Array's remaining spectrum assets, the timing and results of such efforts, TDS' plans to repurchase TDS Common Shares and the timing and amount of any such repurchases, and any other statements regarding TDS' or Array's future operations, anticipated business levels, future earnings, planned activities, anticipated growth, market opportunities, strategies, competition and other expectations and estimates for future periods.

Forward-looking statements include statements that are not historical facts and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "plan," "may," "should," "will," "would," "project," "forecast" and similar expressions. These forward-looking statements are based upon information currently available to TDS and are subject to a number of risks, uncertainties and other factors that could cause TDS' and Array's actual results, performance, prospects, or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. The TDS business is subject to the risks and uncertainties described in TDS' Annual Report on Form 10-K on file with the Securities and Exchange Commission and from time to time in other filed reports, including TDS' Quarterly Reports on Form 10-Q. Shareholders, potential investors and other readers are urged to consider these factors in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements.

The forward-looking statements included in this communication are made only as of the date of this communication, and TDS undertakes no obligation to update any forward-looking information contained in this communication, or with respect to the announcement described herein, to reflect subsequent events or circumstances.

View original content:https://www.prnewswire.com/news-releases/telephone-and-data-systems-announces-it-is-no-longer-pursuing-the-acquisition-of-public-shares-of-array-digital-infrastructure-302866945.html

SOURCE Telephone and Data Systems, Inc.

Securing AI: 5 Most-Upgraded Stocks From the Q2 Reporting SeasonPalo Alto Networks NASDAQ: PANW said it exceeded its guidance across financial metrics in the fiscal fourth quarter, closing fiscal 2026 with accelerating bookings growth, record remaining performance obligations and continued expansion in its next-generation security businesses.

Chairman and Chief Executive Officer Nikesh Arora said the company’s results reflected adoption of its platformization strategy and heightened customer focus on cybersecurity as artificial intelligence expands the number and speed of potential threats. The company reported total remaining performance obligations, or RPO, of $21.2 billion, up 34% year over year, while Next-Generation Security annual recurring revenue reached $9.1 billion, up 63%.

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Palo Alto’s Rally Has One Big Problem Ahead of Earnings“Most notably, we added nearly $1 billion in net new NGS ARR this quarter alone,” Arora said. He added that the company recorded about 220 net new platformizations during the quarter, exceeding its previous record. Net revenue retention for its platformized customer cohort exceeded 120% in the fourth quarter, according to the company.

Fourth-Quarter and Full-Year Performance Chief Financial Officer Dipak Golechha said fourth-quarter revenue rose 34% to $3.41 billion. For fiscal 2026, revenue totaled $11.5 billion, an increase of 24% from the prior year. Growth was broad-based geographically, with revenue in the Americas up 33%, EMEA up 39% and JPAC up 34%, he said.

5 of the Most-Upgraded Stocks Over the Last Quarter Are All Software Names—Here's WhyCurrent RPO reached $9.3 billion, also up 34%, as contract durations remained steady from a year earlier. Fourth-quarter non-GAAP operating margin was 29.6%, while full-year non-GAAP operating margin was 29.2%, an increase of 40 basis points.

The company reported fourth-quarter non-GAAP earnings per share of $1.02, above the high end of its guidance by $0.04. Adjusted free cash flow was $1.29 billion in the quarter, up 35% year over year. Full-year adjusted free cash flow was $4.41 billion, representing a 38.4% margin. Palo Alto Networks ended the fiscal year with $7.9 billion in cash equivalents and short-term investments.

Golechha said gross margin declined as the revenue mix shifted toward cloud and software-as-a-service products. Fourth-quarter gross margin was 74.8%, down 100 basis points, while full-year gross margin was 75.8%, down 60 basis points. The company expects cloud-hosting costs to grow faster than revenue in fiscal 2027 as cloud and SaaS become a larger share of its business. It also expects elevated memory and storage costs in its hardware operations, though hardware represents about 10% of total company revenue.

Platform Growth and Acquisition Integration The company introduced revenue disclosures for three platforms: Network & AI Security, Cortex and Idira. Network & AI Security generated $8.35 billion in fiscal 2026 revenue, up 17%. Cortex revenue rose 25% to $1.92 billion.

Within Network & AI Security, the company said SASE bookings grew 40% during fiscal 2026. It displaced legacy vendors in nearly 100 accounts, representing more than $400 million in total contract value. Arora cited a $126 million agreement with a global telecommunications company, a $72 million deal with an IT service provider and a $53 million platformization agreement with a global payments platform.

Prisma AIRS surpassed $100 million in ARR within four quarters of general availability and has more than 800 customers, Arora said. XSIAM ended the year with more than $700 million in ARR, up 70%, and exceeded 1,000 customers. The company said customers using XSIAM have reduced mean time to respond to less than 10 minutes.

Palo Alto Networks also highlighted the performance of Chronosphere, which it acquired in the second quarter, and CyberArk, which it now refers to as Idira after closing the acquisition in early fiscal third quarter. Observability ARR more than doubled following the Chronosphere acquisition and exceeded $500 million. Arora said XSIAM contributed to 50% of net new Chronosphere customer logos during the quarter.

Idira produced $1.26 billion in fiscal 2026 revenue on a pro forma basis, growing 21%. Golechha said Idira bookings outpaced revenue in the fourth quarter. Arora said joint go-to-market efforts had generated more than 400 shared leads and more than 200 new logos from Palo Alto Networks’ installed base. Deals with total contract value above $5 million increased 50% year over year in the fourth quarter.

The company also announced that it closed its acquisition of Console during the quarter. Arora said Console’s team would join the Cortex organization to help develop AI-driven capabilities for IT and security operations. Palo Alto Networks also closed its acquisition of Embrace, which it plans to use to add real-user monitoring to its observability offering.

AI Security Focus and Fiscal 2027 Outlook Arora described AI as a long-term cybersecurity tailwind, pointing to the emergence of autonomous agents, increasingly capable cyber models and wider deployment of open-weight and open-source AI architectures. He said these developments are increasing the need to secure machine identities, monitor larger volumes of telemetry and respond to threats at machine speed.

In response to analyst questions, Arora said acquisitions are not the company’s primary strategy but can be used to address emerging technology shifts when another company has developed capabilities that can be brought to customers faster. He also said customer modernization efforts generally take one to three years rather than one quarter, despite increasing interest in consolidating cybersecurity tools on larger platforms.

For the fiscal first quarter of 2027, Palo Alto Networks expects:

NGS ARR of $9.54 billion to $9.56 billion, representing 63% growth. RPO of $20.8 billion to $20.9 billion, up 34% to 35%. Revenue of $3.30 billion to $3.31 billion, up 33% to 34%. Non-GAAP diluted EPS of $0.96 to $0.98. For fiscal 2027, the company forecast NGS ARR of $11.075 billion to $11.175 billion, revenue of $14.1 billion to $14.2 billion and RPO of $25.2 billion to $25.4 billion. It expects non-GAAP operating margin of 29.5%, non-GAAP diluted EPS of $4.16 to $4.19 and adjusted free cash flow margin of 38%.

Golechha said the company remains on track toward its long-term targets of $20 billion in NGS ARR by fiscal 2030 and a 40% adjusted free cash flow margin by fiscal 2028.

About Palo Alto Networks (NASDAQ:PANW)Palo Alto Networks NASDAQ: PANW is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company's product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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IRVINE, Calif., Sept. 01, 2026 (GLOBE NEWSWIRE) -- Skyworks Solutions, Inc. (Nasdaq: SWKS) (“Skyworks”), a leading developer, manufacturer and provider of analog and mixed-signal semiconductors and solutions for numerous applications, today announced that it has extended the expiration date of its previously announced offers to holders of Qorvo Notes (as defined herein) to exchange (the “Exchange Offers”) any and all outstanding 4.375% Senior Notes due 2029 (the “2029 Qorvo Notes”) and any and all outstanding 3.375% Senior Notes due 2031 (the “2031 Qorvo Notes” and, together with the 2029 Qorvo Notes, the “Qorvo Notes”) issued by Qorvo, Inc. (“Qorvo”) as set forth in the table below for (1) with respect to the 2029 Qorvo Notes, up to $850,000,000 aggregate principal amount of new 4.375% Senior Notes due 2029 (the “New 2029 Skyworks Notes”) issued by Skyworks and (2) with respect to the 2031 Qorvo Notes, up to $700,000,000 aggregate principal amount of new 3.375% Senior Notes due 2031 (together with the New 2029 Skyworks Notes, the “New Skyworks Notes”) issued by Skyworks.

Extension of Expiration Date

The Exchange Offers were previously scheduled to expire at 5:00 p.m., New York City time, on September 1, 2026. Skyworks has extended the expiration date to 5:00 p.m., New York City time, on September 11, 2026, unless the Exchange Offers are further extended or earlier terminated or otherwise amended (as it may be extended or otherwise amended, the “Expiration Date”). Skyworks is hopeful that the Mergers (as defined herein) will close within the calendar year (subject to satisfaction or waiver of all closing conditions) and is preparing to close as early as within the fiscal year. However, there can be no assurances that the closing will occur on this timeline. All other terms and conditions of the Exchange Offers as set forth in the Prospectus (as defined herein) remain in full force and effect.

Participation to Date

Global Bondholder Services Corporation, the information agent for the Exchange Offers, has advised Skyworks that as of 5:00 p.m., New York City time, on September 1, 2026, the last business day prior to the announcement of the extension of the Exchange Offers, the following respective principal amounts of each series of Qorvo Notes have been validly tendered and not validly withdrawn:

Title of Qorvo Notes /
CUSIP / ISIN No.Principal Amount
OutstandingPrincipal Amount
TenderedPercentage4.375% Senior Notes due 2029Registered:

74736KAH4 /
US74736KAH41

144A:
74736KAG6 /
US74736KAG67

Regulation S:
U7471QAF1 /
USU7471QAF10

$850,000,000$769,651,00090.55%
3.375% Senior Notes due 2031144A:
74736KAJ0 /
US74736KAJ07

Regulation S:
U7471QAJ3 /
USU7471QAJ32

$700,000,000$653,535,00093.36%
     Holders of Qorvo Notes who have already validly tendered and not validly withdrawn their Qorvo Notes do not need to re-tender their notes or take any other action as a result of the extension of the Expiration Date, and their tenders remain effective. Holders of Qorvo Notes who have not yet validly tendered, or who validly tendered and validly withdrew, may tender or re-tender, as applicable, their Qorvo Notes at any time at or prior to the Expiration Date and will be eligible to receive the applicable consideration as described in the Prospectus, subject to the terms and conditions set forth in the Prospectus, including, subject to submitting a valid Early Participation VOI Number with respect to such tendered or re-tendered Qorvo Notes, the Early Participation Premium with respect to such Qorvo Notes.

Settlement Date

The settlement date (the “Settlement Date”) will be promptly after the Expiration Date and is expected to occur no earlier than the second business day after the closing date of the Mergers.

Additional Information

The Exchange Offers are being made pursuant to the terms and subject to the conditions set forth in Skyworks’ registration statement on Form S-4, which was declared effective on May 29, 2026, and the related final prospectus filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 29, 2026 (as it may be amended or supplemented from time to time, the “Prospectus”). Capitalized terms used but not defined herein have the meanings ascribed to such terms in the Prospectus. Each Exchange Offer is conditioned upon the closing of the transactions pursuant to which Qorvo will merge with and into a subsidiary of Skyworks (the “Mergers”), with such subsidiary continuing as the surviving entity and a wholly-owned subsidiary of Skyworks, which condition may not be waived by Skyworks. The closing of the Mergers is not conditioned upon the results of the Exchange Offers.

Skyworks, in its sole discretion, may modify or terminate either Exchange Offer and may extend the Expiration Date and/or the Settlement Date with respect to either Exchange Offer, subject to applicable law. Any such modification, termination or extension by Skyworks with respect to an Exchange Offer will not automatically modify, terminate or extend the other Exchange Offer. The Exchange Offer with respect to a series of Qorvo Notes is not conditioned upon the consummation of the Exchange Offer with respect to the other series of Qorvo Notes.

The complete terms and conditions of the Exchange Offers are described in the Prospectus, a copy of which may be obtained by contacting Global Bondholder Services Corporation, the exchange agent and information agent in connection with the Exchange Offers, at (855) 654-2015 (U.S. toll-free) or (212) 430-3774 (banks and brokers) or [email protected]. Questions regarding the terms and conditions of the Exchange Offers should be directed to the dealer manager, Goldman Sachs & Co. LLC, 200 West Street, New York, New York 10282, Collect: (212) 357-1452, Toll-Free: (800) 828-3182.

This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to purchase or sell, any security. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. The Exchange Offers are being made solely pursuant to the Prospectus and only to such persons and in such jurisdictions as is permitted under applicable law.

About Skyworks

Skyworks Solutions, Inc. is empowering the wireless networking revolution. Skyworks is a leading developer, manufacturer and provider of analog and mixed-signal semiconductors and solutions for numerous applications, including aerospace, automotive, broadband, cellular infrastructure, connected home, defense, entertainment and gaming, industrial, medical, smartphone, tablet and wearables.

Skyworks is a global company with engineering, marketing, operations, sales and support facilities located throughout Asia, Europe and North America and is a member of the S&P 500® market index (Nasdaq: SWKS).

Safe Harbor Statement

This press release includes “forward-looking statements.” Forward-looking statements relate to future events, including, but not limited to, the Exchange Offers and the Mergers, as applicable. These forward-looking statements include information relating to future events, prospects, expectations and results of Skyworks (e.g., certain projections and business trends, including with respect to future sales and revenue, as well as plans for dividend payments). Forward-looking statements can often be identified by words such as “anticipates,” “estimates,” “expects,” “forecasts,” “intends,” “believes,” “plans,” “may,” “will” or “continue,” and similar expressions and variations or negatives of these words. All such statements are subject to certain risks, uncertainties and other important factors that could cause actual results to differ materially and adversely from those projected and may affect Skyworks’ future operating results, financial position and cash flows.

These risks, uncertainties and other important factors include: the risks of doing business internationally, including from trade war or trade protection measures (e.g., tariffs, retaliatory tariffs and other countermeasures or taxes), increased import/export restrictions and controls (e.g., Skyworks’ ability to obtain foreign-sourced raw materials, including from Chinese-based sources, as well as Skyworks’ ability to sell products to certain specified foreign entities only pursuant to a limited export license from the U.S. Department of Commerce), the susceptibility of the semiconductor industry and the markets addressed by Skyworks’, and Skyworks’ customers’, products to economic cycles or changes in economic conditions, including inflation and recession that could result from trade war or trade protection measures; Skyworks’ reliance on a small number of key customers for a large percentage of Skyworks’ sales; decreased gross margins and loss of market share as a result of increased competition; Skyworks’ ability to obtain design wins from customers; Skyworks’ ability to convert design wins into revenue; market acceptance of Skyworks’ products and Skyworks’ customers’ products, including market acceptance of new, emerging technologies such as AI; the mix and volume of phone models sold by Skyworks’ largest customer; the potential impacts on Skyworks’ business, reputation, relationships, results of operations, cash flows and financial condition as a result of the Mergers and related transactions with Qorvo; the possibility that expected benefits related to such transactions with Qorvo may not materialize as expected; such transactions with Qorvo being timely completed, if completed at all; regulatory approvals required for the Mergers and related transactions not being timely obtained, if obtained at all, or being obtained subject to conditions; Skyworks or Qorvo’s business experiencing disruptions as a result of the Mergers and related transactions or due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with employees, customers, other business partners or governmental entities; Skyworks and Qorvo being unable to successfully implement integration strategies or to achieve expected synergies and operating efficiencies within the expected time-frames or at all; the costs, fees, expenses and other charges related to the Mergers and related transactions with Qorvo, including with respect to any related litigation; reduced flexibility in operating Skyworks’ business as a result of the substantial amount of additional indebtedness Skyworks has incurred and expects to incur in connection with the Mergers and related transactions; delays in the deployment of commercial 5G networks or in consumer adoption of 5G-enabled devices; the volatility of Skyworks’ stock price; changes in laws, regulations and/or policies that could adversely affect Skyworks’ operations and financial results, the economy and Skyworks’ customers’ demand for Skyworks’ products, or the financial markets and Skyworks’ ability to raise capital; fluctuations in Skyworks’ manufacturing yields due to Skyworks’ complex and specialized manufacturing processes; Skyworks’ ability to develop, manufacture and market innovative products, avoid product obsolescence, reduce costs in a timely manner, transition Skyworks’ products to smaller geometry process technologies and achieve higher levels of design integration; the quality of Skyworks’ products and any defect remediation costs; Skyworks’ products’ ability to perform under stringent operating conditions; the availability and pricing of third-party semiconductor foundry, assembly and test capacity, raw materials, including rare earth and similar minerals, supplier components, equipment and shipping and logistics services, including limits on Skyworks’ customers’ ability to obtain such services and materials; risks that Skyworks may not be able to optimize Skyworks’ manufacturing footprint and achieve any financial and operational benefits from such efforts, including reducing fixed costs or improving utilization rates, disruptions to Skyworks’ manufacturing processes, including relating to any relocation of Skyworks’ key facilities; Skyworks’ ability to successfully manage Skyworks’ senior management transitions; Skyworks’ ability to retain, recruit and hire key executives or the departure of any such executives, technical personnel and other employees in the positions and numbers, with the experience and capabilities, and at the compensation levels needed to implement Skyworks’ business and product plans; the timing, rescheduling or cancellation of significant customer orders and Skyworks’ ability, as well as the ability of Skyworks’ customers, to manage inventory; other economic, social, military and geopolitical conditions in the countries in which Skyworks, Skyworks’ customers or Skyworks’ suppliers operate, including the conflicts in Ukraine, Iran and other regions in the Middle East, possible disruptions in transportation networks, and fluctuations in foreign currency exchange rates; the effects of global health crises on business conditions in Skyworks’ industry, including the risk of significant disruptions to Skyworks’ business operations, as well as negative impacts to Skyworks’ financial condition; Skyworks’ ability to prevent theft of Skyworks’ intellectual property, disclosure of confidential information or breaches of Skyworks’ information technology systems; uncertainties of litigation, including Skyworks’ ongoing securities litigation, potential disputes over intellectual property infringement and rights, as well as payments related to the licensing and/or sale of such rights; Skyworks’ ability to continue to grow and maintain an intellectual property portfolio and obtain needed licenses from third parties; Skyworks’ ability to make certain investments and acquisitions, integrate companies Skyworks acquires and/or enter into strategic alliances; and other risks and uncertainties, including those detailed from time to time in Skyworks’ filings with the Securities and Exchange Commission.

The forward-looking statements contained in this press release are made only as of the date hereof, and Skyworks undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Note to Editors: Skyworks and the Skyworks symbol are trademarks or registered trademarks of Skyworks Solutions, Inc., or its subsidiaries in the United States and other countries. Third-party brands and names are for identification purposes only and are the property of their respective owners.

Additional Information about the Mergers and Where to Find It

In connection with the Mergers, Skyworks has filed with the SEC a registration statement on Form S-4, which includes a proxy statement of Qorvo that also constitutes a prospectus for the shares of Skyworks common stock to be offered in the Mergers (collectively, the “Mergers Registration Statement and Proxy Statement/Prospectus”). Each of Skyworks and Qorvo may also file other relevant documents with the SEC regarding the Mergers. This communication is not a substitute for the proxy statement/prospectus or registration statement or any other document that Skyworks or Qorvo may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE MERGERS REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT SKYWORKS, QORVO, THE MERGERS AND RELATED MATTERS.

Investors and security holders can obtain free copies of the Mergers Registration Statement and Proxy Statement/Prospectus and other documents containing important information about Skyworks, Qorvo and the Mergers filed with the SEC through the website maintained by the SEC at www.sec.gov. The documents filed by Skyworks with the SEC also may be obtained free of charge at Skyworks’ website at https://www.skyworksinc.com/investors or upon written request to Skyworks at [email protected]. The documents filed by Qorvo with the SEC also may be obtained free of charge at Qorvo’s website at https://ir.qorvo.com/ or upon written request to Qorvo at [email protected].

, /PRNewswire/ -- Veeva Systems (NYSE : VEEV) a annoncé aujourd'hui le lancement de Veeva Falcon Safety, une solution d'opérations de sécurité basée sur l'agentique, destinée à rationaliser la saisie des événements indésirables, le traitement des dossiers et leur suivi, afin de réduire les coûts, accélérer les processus et garantir la conformité des entreprises biopharmaceutiques de toutes tailles.

Outre son intégration transparente avec Veeva Safety, Falcon Safety assurera la gestion de la saisie et du suivi pour tout système de sécurité conforme à la norme E2B, y compris Oracle Argus et ArisGlobal LifeSphere MultiVigilance.

« Nous avons eu le privilège de travailler en étroite collaboration avec des gestionnaires de dossiers, des experts en pharmacovigilance et des spécialistes de la sécurité à l'échelle mondiale pour mettre au point Veeva Safety », a déclaré Marius Mortensen, vice-président chargé des produits Falcon chez Veeva. « Avec Falcon Safety, nous sommes ravis de renforcer ce partenariat et d'aider le secteur à réinventer ses procédures de sécurité. »

Devant être mis à la disposition des premiers utilisateurs en novembre 2026, Falcon Safety fait partie de Veeva AI, l'ensemble des solutions d'IA de Veeva destinées au secteur des sciences de la vie.

À propos de Veeva Systems
Veeva propose une plateforme cloud dédiée au secteur des sciences de la vie, comprenant des applications, des agents, des données et des services de conseil. Engagée en faveur de l'innovation, de l'excellence de ses produits et de la réussite de ses clients, Veeva compte plus de 1 500 clients, parmi lesquels figurent les plus grandes sociétés biopharmaceutiques mondiales et des biotechs émergentes. Véritable société d'utilité publique, Veeva s'engage à concilier au mieux les intérêts de toutes les parties prenantes, y compris les clients, les employés, les actionnaires et les industries qu'elle sert. Pour obtenir plus d'informations, consultez le site veeva.com.

Déclarations prospectives de Veeva
Le présent communiqué contient des déclarations prospectives concernant les produits et services de Veeva, ainsi que les résultats ou avantages attendus de l'utilisation de nos produits et services. Ces déclarations sont basées sur nos attentes actuelles. Les résultats réels pourraient différer sensiblement de ceux énoncés dans le présent communiqué, et nous ne sommes pas tenus de mettre à jour ces déclarations. Il existe de nombreux risques susceptibles d'avoir un impact négatif sur nos résultats, notamment les risques et incertitudes mentionnés dans notre rapport sur le formulaire 10-Q pour l'exercice clos le 31 juillet 2026, que vous pouvez consulter ici (un résumé des risques susceptibles d'avoir une incidence sur nos activités figure aux pages 33 et 34), ainsi que dans nos documents déposés ultérieurement auprès de la SEC, consultables à l'adresse sec.gov.

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US-listed HYPE sector treasury firm Hyperliquid Strategies Inc (PURR) has amended its ChEF purchase agreement with Chardan Capital Markets, lifting the total commitment for newly issued common stock from $1 billion to $2.5 billion. The newly issued shares have a par value of $0.01; while the financing scale has expanded significantly, the issuance remains subject to clear price and quantity constraints. This amendment introduces a trading platform cap mechanism: once cumulative sales exceed $1 billion, additional issuances priced below $12.02 per share will be restricted, with a cap of 42,641,847 shares, equivalent to 19.99% of the outstanding shares prior to the amendment. Any additional issuance beyond this threshold will require shareholder approval in line with Nasdaq rules. This design not only greatly boosts financing capacity but also provides existing shareholders with protection against excessive dilution. According to market data from BIT (bit.com), PURR closed down 7.31%.

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Team Allocation Stays Locked Until September 2027@Aster_DEX announced Tuesday that the cliff on its team token allocation has been extended by one year. The 400 million $ASTER set aside for the team, representing 5% of the project's maximum supply, will now remain fully locked until September 17, 2027. Under the original schedule, the allocation was due to begin vesting at 10 million tokens per month from September 17 this year.

CoinGecko data confirms that the team allocation cliff has been extended by 12 months to September 2027, and that zero tokens from that tranche have unlocked since the project's token generation event approximately one year ago. The extension removes a near-term vesting overhang that had been on the radar of token holders and analysts tracking the project's supply schedule.

Buyback-and-Burn Program Continues UnchangedAster said the cliff extension does not alter its buyback-and-burn program. According to Aster's official tokenomics documentation, for every $ASTER bought back using platform fees, an equal amount is burned from reserves, with the team allocation burned first. Burns are executed bi-weekly and will continue until the total supply reaches 3 billion tokens, down from the original 8 billion at launch.

The upgraded buyback mechanism, introduced on June 17, 2026, directs 99% of daily platform fees toward $ASTER repurchases for veASTER stakers, with a matching burn from team reserves running in parallel. The Crypto Times reported that the first burn under the upgraded model saw nearly 2.94 million $ASTER bought back and an equal number permanently removed from the team allocation. Per Aster's own published updates, cumulative burns from the team allocation under the upgraded program had reached approximately 11.1 million $ASTER by August 10.

The combination of a locked team allocation and an active deflation mechanism via fee-funded buybacks places Aster among the more supply-conservative perpetual DEX tokens in the current market. Whether the locked supply and ongoing burns translate into sustained price support will depend largely on platform fee generation and trading volumes going forward.

Sources:
CoinGecko: Aster (ASTER) Token Data
Aster Official Tokenomics Documentation
The Crypto Times: Aster Burns 2.9M Tokens in First Buyback

OCEAN Mining, the decentralization-focused Bitcoin mining pool, has named Bob Burnett as its new chairman of the board. The appointment fills a leadership vacuum that opened when co-founder Luke Dashjr stepped down from his roles as chairman and CTO on August 29, 2026.

Burnett isn’t exactly a newcomer to OCEAN’s orbit. As CEO of Barefoot Mining, he’s directed over 90% of his company’s hashrate to the pool, making him one of its most significant contributors and loudest advocates.

From biggest customer to boardroom leader Burnett’s elevation follows what appears to have been a deliberate pause in succession planning. After Dashjr’s departure, OCEAN initially chose not to name an immediate replacement, instead emphasizing its commitment to continuing transparent, permissionless operations.

Burnett brings operational credibility to the role, having publicly championed OCEAN’s model and participated in performance studies that he says demonstrate better financial returns compared to traditional FPPS (full pay-per-share) pools.

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OCEAN launched in November 2023 with roughly $6.2 million in seed funding led by Jack Dorsey, and has since grown to represent between 2.45% and 2.88% of recent Bitcoin blocks. Its hashrate estimates range between 13 and 25 EH/s, depending on the measurement window.

Why OCEAN operates differently Most Bitcoin mining pools function like middlemen. Miners contribute hashpower, the pool finds blocks, and the pool distributes rewards, often holding custody of funds during the process. OCEAN takes a different approach.

The pool uses a proprietary system called DATUM that lets individual miners build their own block templates. In plain terms, miners get to choose which transactions go into the blocks they’re working on, rather than handing that decision to a centralized pool operator. Payouts are non-custodial, meaning the pool never holds miners’ Bitcoin.

OCEAN also employs what it calls the TIDES system to ensure payout transparency. The entire setup is designed to address a concern that’s been brewing in Bitcoin circles for years: that mining pool consolidation undermines the decentralization Bitcoin was built to provide.

OCEAN achieved SOC 2 Type 1 compliance in November 2025 and added SOC 1 Type 1 certification in March 2026.

The Dashjr departure and what it signals Luke Dashjr’s resignation from OCEAN wasn’t a quiet exit. A longtime Bitcoin Core developer and one of OCEAN’s co-founders, Dashjr left citing evolving internal visions and protocol debates.

What this means for Bitcoin mining’s competitive dynamics The broader question is whether OCEAN’s model can scale without compromising the principles that differentiate it. Non-custodial payouts and miner-built block templates add complexity. OCEAN’s counter-argument, supported by Burnett’s own data, is that the economics actually favor its approach through the TIDES system compared to conventional FPPS arrangements.

The risk, of course, is concentration of a different kind. When your new chairman also runs the operation contributing the largest share of your hashrate, the line between customer and controller gets blurry. OCEAN will need to demonstrate that Burnett’s dual role doesn’t create the same centralization dynamics the pool was founded to prevent.

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

The U.S. Securities and Exchange Commission has put forward its most extensive update of transfer-agent regulations in decades, aiming to bring blockchain-based recordkeeping and tokenized securities into regulatory oversight. This proposed framework marks a shift from rules largely designed during the paper certificate era to one that reflects modern digital practices.

Proposal Targets Blockchain RecordkeepingAnnounced on September 1, the SEC’s plan seeks to update the guidelines and documentation for registered transfer agents. These agents are responsible for maintaining official securities ownership records and overseeing the issuance, transfer, and cancellation of securities.

SEC Chairman Paul Atkins stated that the overhaul is designed to accommodate operational advancements, including the use of distributed ledger technology in securities offerings and share management. The fact sheet clarifies that the proposal would formally recognize both electronic and blockchain-based records, as well as securities without physical certificates.

Commissioner Hester Peirce has highlighted the growing interest among market participants in the tokenization of shares, urging discussion around whether transfer agent regulations should support on-chain trading of these securities. She suggested that digital-wallet addresses could be considered alongside current shareholder identifiers.

The SEC did not endorse the XRP Ledger or any specific blockchain network. Instead, the proposed rules emphasize technology-neutral requirements, aiming to enable blockchain-native securities operations to function within established market expectations.

Comments on the SEC proposal are open for 60 days following its publication in the Federal Register. The rule remains at the proposal stage and has not been formally adopted.

Mini dictionary: Transfer Agent, a regulated entity that maintains official securities ownership records for companies, processes transfers, cancellations, and the issuance of new securities.

Ripple and Institutional Tokenization EffortsThe timing of the SEC’s proposal is notable for XRP investors, as Ripple continues to expand in institutional tokenization markets. Ripple operates as a payments and enterprise blockchain technology company, and develops the XRP Ledger (XRPL), a decentralized, open-source blockchain for settlement and asset issuance.

Ripple recently announced a partnership with SettleMint to integrate Ripple Custody services with tokenized asset management for regulated institutions in the Asia-Pacific region. This integration supports the complete tokenization cycle, including issuance, compliance, settlement, and servicing for institutional investors.

Earlier initiatives include Aviva Investors’ launch of a tokenized liquidity-fund share class using XRPL, as well as a Ripple, Mastercard, Ondo, and JPMorgan pilot that utilized XRPL for tokenized U.S. Treasury redemption. Ripple has also made investments in ZILO and Licuido to develop infrastructure supporting issuance, transfer agency, and collateral movement.

These steps underline Ripple’s ongoing push to strengthen capital markets infrastructure for digital assets.

XRP Price and Institutional ParticipationDespite the regulatory news, XRP’s price has stayed relatively stable. The cryptocurrency recently traded at $1.38, up 0.3% over the past 24 hours. Its market capitalization was about $86.4 billion, though it remained down 6.4% over the last week.

MetricCurrent ValueChangeXRP Price$1.38+0.3% (24h)XRP Market Cap$86.4 billion-6.4% (7d)Institutional exposure to XRP is growing separately from retail price movements. U.S. spot XRP ETF inflows have reached nearly $1.8 billion, and Goldman Sachs has disclosed approximately $87.4 million in XRP ETF holdings, making it the largest known institutional investor in this category.

XRP Ledger and associated products are advancing in the regulated asset tokenization sector, even as the SEC considers updating its rules to address blockchain-based recordkeeping. The proposed regulatory changes demonstrate an official recognition of market infrastructure shifting toward blockchain technology.

The SEC’s proposal does not assign any special regulatory treatment to XRPL but indicates that core securities recordkeeping and transfer mechanisms in the U.S. may increasingly incorporate blockchain technology. For companies like Ripple and ecosystems supporting regulated tokenized assets, this represents a significant step forward.

TLDR: XRP reserves on Binance dropped from 3.1 billion to 2.6 billion tokens since November 2025. Roughly 500 million XRP left Binance even as the XRP price fell 63% from its 2025 peak level. The launch of spot XRP ETFs in late 2025 may have driven part of the reserve outflow seen. XRP trades near $1.34, consolidating between its 20-week EMA and 50-week EMA resistance levels. XRP reserves on Binance have declined to levels last seen in February 2024, according to on-chain data. Roughly 500 million XRP have left the exchange over the past year.

The outflow persisted even as the XRP price fell from a high of $3.66 to near $1.35, marking a 63% drawdown. Analysts point to long-term accumulation and the launch of spot XRP ETFs as possible drivers behind the shrinking reserves.

Binance XRP Reserves Fall to Multi-Year Low The monthly average of XRP reserves held on Binance has fallen sharply since late 2025. Between November 2025 and today, that average dropped from 3.1 billion to 2.6 billion XRP.

This represents an outflow of roughly 500 million tokens. Analyst Darkfost tracked this movement closely on social media this week.

Darkfost observed that Binance reserves tend to rise during XRP price rebounds. Reserves then decline again during each following retracement, based on the data reviewed.

🗞️ 500 Million XRP Have left Binance as reserves shrink to levels not seen since 2024

While XRP closed the month with a performance of nearly 30%, XRP reserves on Binance continue to decline.

The monthly average of XRP reserves held on Binance has now reached such a low level… pic.twitter.com/Ox9KPwCxPg

— Darkfost (@Darkfost_Coc) September 1, 2026

This pattern suggests some investors move tokens off exchanges during downturns. It may reflect a growing preference for self-custody among holders.

The reserve decline also lines up with the launch of spot XRP ETFs. Those products debuted in November and December of 2025.

ETF issuers may have needed to acquire XRP on the open market. That buying pressure could account for part of the recorded outflow.

Exchanges also shift reserves based on routine withdrawal and deposit activity. Some of the decline may reflect operational adjustments rather than pure accumulation.

Still, the scale of the movement points to more than short-term noise. Sustained reserve outflows are often viewed as a constructive long-term signal.

XRP Price Tests Support Near Key Moving Averages XRP traded at $1.34 at the time of writing, down 2.85% over the past day. Trading volume reached close to $1.95 billion during that same period.

Source: CoinGecko

The token has also fallen 8.10% over the past seven days. That pullback comes despite XRP posting close to 30% gains for the month.

Trader ChartNerd pointed to two recent rejections at the 50-week EMA near $1.53. That level has served as resistance on recent attempts to move higher.

The 20-week EMA, currently around $1.27, could act as support. A break below $1.36 on lower timeframes may bring that level into play.

Zooming out; after two rejections at the 50 week EMA ($1.53), $XRP's 20 week EMA ($1.27) could also act as a local support floor for if lower timeframe support is lost at $1.36. It's relatively common to crab/compress between these EMA's before a directional break is confirmed.… https://t.co/cc9NXvLkZ7 pic.twitter.com/yDO85KXUBT

— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) September 1, 2026

Price compression between two moving averages often precedes a directional breakout. Traders watching XRP reserves and price action call this pattern fairly common.

XRP appears to be consolidating within this broader range for now. A confirmed move beyond either average would likely draw fresh trader attention.

Falling XRP reserves alongside price consolidation create a mixed near-term picture. Reserve trends tend to carry more weight over longer time horizons than daily swings.

Traders continue watching the $1.27 to $1.53 range for the next signal. How XRP reserves evolve from here may shape sentiment into the next quarter.

Ethereum (ETH) holds above $2,400 on Tuesday after recording a 32.5% gain in August, its best-performing month since July 2025. This marks two consecutive positive months for the top altcoin as it continues its recovery from a nearly 70% drop spanning October to June.

US spot ETH exchange-traded funds (ETFs) played a key role in the recovery, attracting $1.85 billion in net inflows, its best month in over a year, per SoSoValue data. The products ended August on an 11-day inflow streak, with only four negative days throughout the month.

ETH ETF Flows. Source: SoSoValueAugust also saw major rotation across wallet cohorts. Investors with a balance of 10K-100K ETH, which fall within the whale bracket, accumulated 430K ETH during the month, with nearly all of that figure coming in the past two weeks as ETH began to rally.

Meanwhile, retail investors, wallets with a balance of 100-1K and 1K-10K ETH, offloaded 447K and 292K ETH, respectively, with distributions accelerating in the last two weeks.

ETH Balance by Holder Value. Source: CryptoQuantWith the rotation accelerating during the recent ETH rally, it suggests whales are accumulating supply from retail investors who are potentially booking profits or stepping to the sidelines after breaking even. The Realized Price, or average on-chain cost basis of the 100-1K and 1K-10K ETH cohorts at $2,350 and $2,260, shows these investors have largely been distributing, given the latter.

Meanwhile, inflows into staking contracts also increased, with Ethereum staking contracts adding 1.4M ETH during the month, their largest since February 2024. With more supply locked in staking contracts, available selling pressure reduces, improving the price growth outlook.

Ethereum technical outlook: ETH eyes 20-day EMA after break below $2,431 supportEthereum saw $71.6 million in liquidations over the past 24 hours, led by $59 million in long liquidations.

On the daily chart, ETH is extending its advance well above all major Exponential Moving Averages (EMAs), reinforcing a bullish near-term bias. Momentum remains constructive with the 14-day Relative Strength Index (RSI) hovering in the mid-60s and the Stochastic Oscillator (Stoch) holding in overbought territory, suggesting strong but increasingly stretched buying pressure as price hovers just over the nearby horizontal level around $2,431.

On the downside, ETH briefly broke the immediate support at the $2,431 horizontal line. The 20-day EMA follows that level at $2,310, which would be the first meaningful dynamic floor on a pullback. Below that, cluster support emerges from the 200-day EMA at $2,220 and the $2,172 horizontal level, ahead of deeper downside levels at the 50 and 100-day EMAs at $2,115 and $2,046, respectively.

ETH/USDT daily chartOn the topside, initial resistance emerges at $2,656, ahead of a higher barrier at $2,787, where a decisive break would open the door for a continuation of the prevailing uptrend.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

In-house Drone Battery Production Capacity to Double by Mid-2027  | Source: Enovix Corporation

FREMONT, Calif., Sept. 01, 2026 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX) (“Enovix”), a developer and manufacturer of advanced lithium-ion batteries, including proprietary silicon-anode architectures, highlighted that its drone and defense battery portfolio manufactured in South Korea is compliant with the Trade Agreements Act (TAA), expanding the company’s ability to serve U.S. government defense programs. Enovix is doubling its in-house drone battery production capacity in South Korea by mid-2027 to support growing demand from the U.S. and allied government customers.

“Secure access to high-performance batteries is increasingly critical to the national security of the United States and its allies,” said Ryan Benton, Interim Chief Executive Officer of Enovix. “Achieving TAA compliance, combined with our planned capacity expansion in South Korea, strengthens our ability to support that mission with high-performance batteries produced at scale through a trusted supply chain.”

“Our customers are telling us clearly that they need high-performance batteries backed by a trusted supply chain and compliant production capacity at scale,” said Steve Bakos, Senior Vice President of Sales at Enovix. “With TAA compliance and expanded capacity from our own factories, Enovix is positioned to meet those requirements across a growing range of defense applications.”

As discussed in its second quarter 2026 earnings report, the company believes demand for high-performance batteries that meet U.S. government sourcing requirements could materially exceed available supply through the end of the decade. This dynamic is most visible today in aerial and naval drones, where Enovix’s opportunities alone exceeded $100 million during the second quarter of 2026.

Enovix’s drone battery scale-up is a direct response to what customers are asking of the company. It starts with a previously announced doubling of capacity at its owned and operated production facility in South Korea, which is underway with the new capacity to come online in 2027.

This Korean facility has a fully qualified defense production history of over two decades. Today, it already manufactures high-performance, silicon-blended graphite anode batteries — upgraded with the addition of silicon-carbon know-how from Enovix’s AI-1 technology — and traditional graphite anode batteries that are compliant with U.S. government sourcing requirements under the TAA and are on track to be manufactured in compliance with programs governed by the National Defense Authorization Act (NDAA).

These products are in production and generating revenue today across defense, drone and industrial markets. The capacity expansion of this Korean manufacturing center is timed to meet the escalating demand anticipated next year.

About Enovix

Enovix develops and manufactures advanced lithium-ion batteries, including proprietary silicon-anode architectures for smartphones, smart eyewear, defense, industrial and emerging edge-AI applications. Its proprietary silicon-anode battery architecture enables higher energy density and performance in space-constrained devices while maintaining safety and reliability, supporting commercialization across consumer and industrial markets.

Enovix is headquartered in Silicon Valley with facilities in India, Korea and Malaysia, serving customers globally. For more information visit https://enovix.com and follow us on LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or our future financial or operating performance and are identified by words such as anticipate, believe, could, estimate, expect, intend, may, might, plan, possible, potential, predict, project, should, will, would and similar expressions. Forward-looking statements in this press release include, but are not limited to, statements regarding: our drone battery scale-up, including the planned doubling of our drone battery production capacity in Korea and the expected timing for that capacity to come online; our plans to meet escalating demand; the inclusion of the MX-1 platform in our drone battery scale-up, its manufacture at our Korean facility, and expectations regarding compliance of our products with U.S. government sourcing requirements; expectations regarding demand for high-performance batteries that meet U.S. government sourcing requirements, including that such demand could materially exceed available supply through the end of the decade; the growth and conversion of our drone and defense pipeline and customer opportunities; and expectations that products manufactured at our Korean facility will be manufactured in compliance with programs governed by the NDAA. These statements are based on the current expectations of our management, are not predictions of actual performance, and actual results may differ materially from the future results, performance or achievements expressed or implied by the forward-looking statements. Risks, uncertainties and assumptions that could cause actual results to differ materially from the results and events anticipated by such forward-looking statements include, but are not limited to: risks associated with delays or adverse results in customer testing and qualification; challenges in scaling manufacturing capacity and bringing expanded capacity online on schedule; customer concentration and lengthy qualification, purchasing and adoption cycles, particularly in the defense sector; changes in U.S. government sourcing requirements or procurement policies; our ability to execute on our business strategy; and the other risks described in the disclosures contained in our filings with the Securities and Exchange Commission (“SEC”), including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our annual report on Form 10-K and quarterly reports on Form 10-Q, and other documents that we have filed, or will file, with the SEC. These documents are available in the SEC Filings section of the Investor Relations page at https://ir.enovix.com and at www.sec.gov. It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Accordingly, you should not rely on any of the forward-looking statements. Any forward-looking statements in this press release speak only as of the date on which they are made. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For media and investor inquiries, please contact:

Investor Contact:
Monica Gould
[email protected]

AMD’s Helios Launch Could Create Winners Beyond AMD StockCredo Technology Group NASDAQ: CRDO reported record fiscal first-quarter 2027 revenue of $479 million, up 10% sequentially and 115% from a year earlier, as demand for AI infrastructure connectivity products continued to expand.

Chief Executive Officer Bill Brennan said the company’s growth has been supported by rising AI cluster sizes, faster data rates and increasing requirements for reliable, power-efficient connectivity. Credo recorded its seventh consecutive quarter of triple-digit year-over-year revenue growth, according to management.

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5 AI Stocks Are Pulling Back—Which Growth Catalysts Still Look Strongest?“AECs continue to grow. Optics is growing faster,” Brennan said, referring to active electrical cables and the company’s expanding optical portfolio.

Profitability and second-quarter outlook Chief Financial Officer Dan Fleming said non-GAAP gross margin was 68% in the first quarter, while non-GAAP operating income totaled $230.6 million and non-GAAP operating margin was 48.2%.

3 Quiet AI Revenue Accelerators With Sales Growth Outpacing PeersNon-GAAP net income reached a record $236.3 million, up 4% sequentially and more than doubling from the prior-year period. Non-GAAP net margin was 49.3%.

Cash flow from operations was $90.2 million, while capital expenditures were $7.3 million, resulting in free cash flow of $82.9 million. The company ended the quarter with $764.3 million in cash and equivalents, down $679 million from the prior quarter primarily because of the cash outlay for its DustPhotonics acquisition. Ending inventory rose $62.2 million sequentially to $313.1 million.

For the fiscal second quarter, Credo forecast:

Revenue of $525 million to $535 million. Non-GAAP gross margin of 67% to 69%. Non-GAAP operating expenses of $100 million to $105 million. Diluted weighted-average share count of about 200 million shares. Fleming said the outlook is based on the current tariff regime, which he described as fluid. For fiscal 2027, the company continues to expect more than 85% year-over-year total revenue growth, non-GAAP gross margin broadly in line with fiscal 2026 levels, and non-GAAP net margin near 50%.

Optics targeted as a new growth engine Management reiterated its expectation for more than $600 million in optical revenue during fiscal 2027. The company expects its optical digital signal processors, silicon photonics PICs and ZeroFlap Optics offerings to each contribute more than $100 million during the year.

Credo’s optical DSP business generated record first-quarter revenue, including deployments of 50G- and 100G-per-lane products. Brennan said the company expects initial 1.6T DSP revenue later in fiscal 2027 and sees a continuing market for 800G ports during the transition to higher speeds.

The company also recognized its first silicon photonics PIC revenue following the DustPhotonics acquisition. Initial wins are in 800G and 1.6T optical transceivers, with products expected to ramp through the year. Brennan said the first two major DustPhotonics-related design wins do not include Credo DSPs, leaving potential for combined DSP and PIC sales over time.

Credo is also pursuing near-package optics, or NPO, for scale-up networks, where management expects denser form factors will be needed. The company joined an Open Compute Project MSA consortium and expects confirmed NPO design wins to begin ramping in fiscal 2028. Brennan said Credo plans to lead with silicon photonics PICs in NPO-related opportunities while also considering complete optical-engine offerings over the longer term.

ZeroFlap, AEC and emerging products Production shipments of ZeroFlap Optics are underway, with additional customer ramps expected in fiscal 2027 across 800G and 1.6T products for hyperscalers and neo clouds. The offering combines optical hardware, Credo’s PILOT software platform and switch-level software development kit integration to monitor link health and identify potential instability.

Brennan said the system is designed to identify deteriorating link conditions before a failure occurs, allowing customers to mitigate issues. He said telemetry can track measures including eye height, signal-to-noise ratio and post-forward-error-correction histograms, and can also help identify potential electrostatic-discharge damage or dust-related fiber issues.

Active electrical cables remained Credo’s largest business and continued to grow, supported by relationships with five hyperscalers and expanding neo cloud engagement. The company expects higher data rates, including a move toward 200G per lane and 1.6T ports, to provide another growth driver. Brennan said AEC contributions at 1.6T should begin in the second half of fiscal 2027 and become more significant in fiscal 2028.

Retimer revenue also reached a record in the first quarter, driven primarily by scale-up deployments of the Screaming Eagle product at 100G per lane and initial contributions from Blue Heron at 200G per lane.

Looking further ahead, Credo plans to demonstrate Active LED Cable solutions at OFC in October and remains on track for initial revenue in fiscal 2028. The company also expects OmniConnect SerDes and Weaver Gearbox solutions, aimed at memory bandwidth and capacity constraints in AI inference systems, to begin contributing revenue in fiscal 2028.

Customer concentration and investment Credo’s four largest customers represented 33%, 28%, 13% and 10% of first-quarter revenue, respectively, Fleming said. Management expects three to four customers to account for more than 10% of revenue in coming quarters while continuing to diversify across hyperscalers, neo clouds and other customers.

First-quarter non-GAAP operating expenses rose 16% sequentially to $95.2 million, exceeding the company’s guidance range because of research-and-development investment. For the full fiscal year, Credo expects operating expenses to rise about 55% year over year, below its anticipated revenue growth rate, as it funds new product development and broader market opportunities.

About Credo Technology Group (NASDAQ:CRDO)Credo Technology Group, Inc NASDAQ: CRDO is a fabless semiconductor company that develops high‑speed connectivity solutions for cloud, enterprise and telecommunications infrastructure. The company focuses on semiconductors and related IP that enable reliable, low‑latency movement of large volumes of data between servers, switches and optical modules in data centers and network equipment.

Credo's product portfolio centers on high‑speed analog and mixed‑signal devices designed to preserve signal integrity and extend reach over copper and optical links.

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The U.S. Department of Commerce has initiated a collaboration with Chainlink to provide macroeconomic data onchain, enabling blockchain applications to access official U.S. economic data. This development, reported by Chainlink, involves the Bureau of Economic Analysis data, including real GDP and the PCE Price Index, now accessible across multiple blockchain networks. This move suggests an increased integration of government data with blockchain technology, enhancing the potential for smart contracts and decentralized applications to utilize reliable economic indicators. The feeds are live on prominent chains such as Ethereum, Base, and Arbitrum, among others, expanding the reach of onchain government data.

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Key Takeaways The U.S. Department of Commerce’s collaboration with Chainlink appears to enhance the integration of blockchain technology with official economic data. Market pricing suggests potential increased interest in blockchain-based applications as government data becomes more accessible. The provision of macroeconomic data onchain is consistent with scenarios that support the utility and adoption of blockchain technology. What to Watch Observers should monitor how this integration might influence blockchain adoption, particularly in sectors relying on economic data for smart contract execution. Additionally, market participants may watch for any significant shifts in the pricing of Bitcoin and other cryptocurrencies, as enhanced data accessibility could impact investment decisions. Further developments from the U.S. Department of Commerce regarding expanded data feeds might also affect market perceptions of blockchain applications.

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Term Structure

Contract Odds Δ since publish Volume 24h December 31 1.3% — — View market → December 31 1% — — View market → December 31 1.7% — — View market → December 31 3.7% — — View market → December 31 8.5% — — View market → January 1 2027 24.5% — — View market → January 1 2027 7.5% — — View market → January 1 2027 2.5% — — View market → January 1 2027 0.9% — — View market → January 1 2027 1.3% — — View market → January 1 2027 3.1% — — View market → January 1 2027 5.4% — — View market → January 1 2027 12.5% — — View market → January 1 2027 22.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 1% — — View market → January 1 2027 2.1% — — View market → January 1 2027 14.5% — — View market → January 1 2027 6.5% — — View market → January 1 2027 3.8% — — View market → January 1 2027 1.7% — — View market → January 1 2027 1.8% — — View market → January 1 2027 1% — — View market → January 1 2027 1.2% — — View market → January 1 2027 0.4% — — View market → January 1 2027 34.5% — — View market → January 1 2027 68.5% — — View market → January 1 2027 57.5% — — View market → January 1 2027 38% — — View market → January 1 2027 83.5% — — View market →

Felix Pago, a stablecoin remittance platform operating primarily in Latin America, has secured $200 million in Series B funding. The round consists of $87 million in equity and $113 million in credit, as the company looks to widen its suite of financial products and services.

Funding Led by Leading Venture FirmsAndreessen Horowitz, known as a16z, led the equity portion of the funding round, while General Catalyst’s Customer Value Fund extended the credit facility. The latest financing round highlights growing investor interest in companies leveraging blockchain technology for cross-border payments beyond the traditional cryptocurrency trading sphere.

Felix Pago currently facilitates payments primarily from the US to Mexico, using stablecoins as the infrastructure for remittances. The platform uses WhatsApp as its customer interface, allowing users to easily send funds, while settlements are completed quickly via the USDC stablecoin and blockchain technology.

This model aims to make cross-border money transfers not just faster, but also potentially less expensive for migrant workers and families compared to traditional remittance services.

Focus on Expansion and New Financial ServicesFollowing the Series B raise, Felix Pago plans to extend its operations into new markets. The company also intends to broaden its product suite, with ambitions to develop lending and savings products in addition to its current remittance service. According to reports shared by Wu Blockchain and attributed to Bloomberg, Felix Pago has already processed over $8 billion in remittances.

In addition, Felix Pago is reportedly working on an AI-driven financial assistant to further enhance customer experience and lead its stablecoin-based network toward a more integrated financial services platform.

Mini dictionary: Felix Pago is a financial technology company specializing in cross-border remittances using stablecoins and blockchain infrastructure. It focuses on simplifying global money transfers and is known for integrating popular messaging platforms like WhatsApp as a transaction interface.

The platform’s reliance on USDC highlights the growing presence of this specific stablecoin in real-world payment applications. USDC, issued by Circle, is a fully-backed digital dollar designed for stability and used increasingly for both trading and cross-border transfers.

RoundAmountLead InvestorTypeSeries B$200 millionAndreessen HorowitzEquity + Credit$87 millionAndreessen Horowitz (a16z)Equity$113 millionGeneral CatalystCredit FacilityOutlook for Stablecoin AdoptionFelix Pago’s new funding places it among a growing number of companies using stablecoins as critical payment infrastructure, moving beyond mere digital currency trading. Investors and industry observers are closely watching whether such efforts will encourage wider adoption of stablecoins like USDC across the mainstream financial sector.

Key metrics that market participants are monitoring include Felix Pago’s transaction growth, entry into lending and savings, and the broader uptake of similar blockchain-based settlement mechanisms by other fintech players.

Felix Pago has processed over $8 billion in remittances and is now targeting expansion into lending, savings, and AI-driven financial services, seeking to leverage its stablecoin-based platform for broader financial integration.

The successful fundraising confirms the expanding role of stablecoins as both assets and payment infrastructure. With plans to increase its product offerings, Felix Pago could help determine the scale at which stablecoin-powered remittance platforms may penetrate conventional financial markets.

GitLab Inc. (GTLB - Free Report) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +33.33%. A quarter ago, it was expected that this company would post earnings of $0.2 per share when it actually produced earnings of $0.23, delivering a surprise of +15%.

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

Gitlab, which belongs to the Zacks Internet - Software industry, posted revenues of $286.25 million for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 4.74%. This compares to year-ago revenues of $235.96 million. The company has topped consensus revenue estimates four times over the last four quarters.

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

Gitlab shares have added about 24% since the beginning of the year versus the S&P 500's gain of 12.3%.

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

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

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

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

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.18 on $281.04 million in revenues for the coming quarter and $0.81 on $1.12 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, UiPath (PATH - Free Report) , has yet to report results for the quarter ended July 2026. The results are expected to be released on September 3.

This enterprise automation software developer is expected to post quarterly earnings of $0.15 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

UiPath's revenues are expected to be $397.59 million, up 9.9% from the year-ago quarter.