Track market-moving stories before they get noisy

Russia has approved new regulations set to take effect on September 1, 2026, creating a stricter framework for the use of digital assets by both individuals and businesses. The regulations focus on distinguishing between digital assets used for payments and those treated as securities, aiming to limit the accessibility of most altcoins to the general public.

Retail access tightly restrictedUnder the incoming rules, Russian retail investors will be restricted to purchasing only Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). The annual purchase limit for individuals will be capped at 300,000 rubles, or approximately $3,632. This restriction includes purchases made through brokers, crypto exchanges, and asset managers.

Individuals must also undergo a formal assessment that tests their ability to understand and manage the risks associated with trading digital assets. Those who meet the requirements may qualify for advanced investor status, which would allow access to a broader selection of cryptocurrencies beyond BTC, ETH, and USDT.

Retail investors in Russia face a 300,000 ruble yearly limit on crypto purchases, applying even if funds are transacted via brokers, exchanges, or other intermediaries; only those passing a special evaluation can access a wider range of digital assets.

Rules for businesses and exceptionsFor Russian businesses, the regulations specify that only companies listed in a designated registry will be permitted to conduct transactions involving digital assets. In early August, President Vladimir Putin signed the law codifying these rules, which continue to prohibit the use of cryptocurrencies as a payment method for domestic transactions.

However, select exceptions apply. Digital assets may be used to settle certain foreign trade contracts, and the legalization of income from crypto mining remains in place. The framework also accommodates security settlements and the circulation of digital rights tied to digital assets.

One key area of focus is stablecoins. Sberbank, the largest bank in Russia, has asked authorities to evaluate the potential use of USDT as a settlement layer for select operations, highlighting growing institutional interest in stablecoins for cross-border trade and settlements.

Mini dictionary: Sberbank, Russia’s largest banking institution and a state-owned enterprise, is a major player in the country’s financial sector, providing banking, investment, and payment services for individuals and businesses.

Central Bank prioritizes investor protectionThe Central Bank of Russia emphasized that these measures aim to shield non-qualified investors from the unpredictable volatility associated with cryptocurrency prices. Liquidity remains a primary consideration for asset approval, which is why major tokens such as XRP and Solana (SOL) have not been made widely available to retail investors in the initial phase. The restrictions are intended to prevent retail investors from exposure to assets with low liquidity and greater price swings.

For institutional lenders such as Sberbank, the inability to use USDT for legal settlements could increase risk in the event of borrower defaults. Meanwhile, retail holders of XRP in Russia face similar obstacles, as they must successfully pass the special evaluation procedure before being able to purchase beyond the prescribed limit.

CryptocurrencyRetail Purchase LimitRequires Special EvaluationBitcoin (BTC)300,000 rubles/yearNoEthereum (ETH)300,000 rubles/yearNoTether (USDT)300,000 rubles/yearNoOther cryptocurrenciesBlocked unless advanced statusYesLiquidity and future prospectsOn the Moscow Exchange (MOEX), leveraged XRP trading is available, but daily volumes remain subdued at just a few thousand dollars, reflecting low demand and liquidity. American-developed cryptocurrencies generally see limited participation from Russian investors due to current regulatory preferences.

Looking ahead, proposed amendments in 2027 may increase the number of cryptocurrencies accessible to retail investors, potentially broadening the range of digital assets available for purchase in Russia.

Russia’s regulated cryptocurrency trading volume may reach between 3.5 trillion and 4 trillion rubles, or $46.43 billion, during its first year following legalization, according to Anatoly Popov, Deputy Chairman of Sberbank, one of Russia’s largest state-owned banks.

Regulated trading begins with conservative estimatesPopov presented these figures prior to the Eastern Economic Forum, describing the estimates as conservative. Sberbank relied on data from the Ministry of Finance, which observed that crypto transactions within Russia amount to around 50 billion rubles daily, totaling approximately 18 trillion rubles annually.

SberCIB Investment Research, a division within Sberbank specializing in market analysis, projected that about 20% of this total—equivalent to 3.5 to 4 trillion rubles—could initially transition to regulated platforms once the appropriate legal framework is in place.

Sberbank, referencing Finance Ministry statistics, indicated that only a fraction of Russia’s existing crypto transaction volume is likely to enter the official market soon after new regulations take effect.

Most current crypto trading activity in Russia is expected to remain outside formally regulated exchanges in the near term, given patterns of behavior and the nature of the transition process.

Market growth potential and regulatory timelineSberbank believes that Russia’s regulated crypto market will expand in the coming years as domestic infrastructure matures. Popov stated that annual regulated trading volumes may reach between 4.75 and 5.25 trillion rubles by 2028, rising further to about 7.5 trillion rubles ($87.06 billion) by 2029.

This growth projection signals a gradual migration of crypto activity from unofficial channels toward licensed financial institutions.

YearRegulated Crypto Trading Volume (Trillion Rubles)USD Equivalent (Billion)First year after legalization3.5–4$46.4320284.75–5.25–20297.5$87.06Russia’s legal framework for crypto exchanges is set to take effect on September 1. The law gives professional market participants until July 1, 2027, to obtain the necessary licenses. As a result, full-scale adoption of regulated crypto trading is unlikely until after this transition deadline, keeping the initial volume modest by comparison.

The regulatory structure is designed to encourage a staged rollout, potentially reducing risks for both investors and the wider financial system.

Mini dictionary: Sberbank – Russia’s largest state-owned financial institution, actively involved in digital asset market development, banking, and investment services.

Retail restrictions and asset limitationsPopulation-wide adoption will be influenced by limitations on retail investment. Reports indicate that non-qualified investors are restricted to a maximum investment of 300,000 rubles, approximately $3,800, in crypto per year, provided they complete a financial risk-awareness test. Qualified investors have higher thresholds, but both groups will remain bound by regulatory limits.

Another factor shaping the market’s early phase is the list of approved digital assets. Currently, only Bitcoin, Ethereum, and Tether’s USDT are sanctioned for trading on Russian-regulated exchanges. Many other cryptocurrencies remain outside the legal perimeter for now.

This may encourage some investors to continue using unlicensed exchanges to access a wider selection of digital assets, limiting the initial share of total crypto activity conducted on regulated platforms.

Access to only Bitcoin, Ethereum, and USDT through official exchanges could drive demand for alternative assets elsewhere, affecting the pace at which overall activity shifts into regulated channels.

While total crypto activity in Russia could reach 18 trillion rubles per year, Sberbank anticipates that only a modest fraction will move to the regulated sector during the first phase after legalization.

For banks, brokers, and regulated exchanges, the introduction of a legal framework for crypto trading presents significant business opportunities alongside increased state oversight. For investors, the current framework does not equate to unrestricted trading rights.

Future market expansion depends on how licensing procedures evolve, investor demand develops, regulations are updated, and whether authorities choose to broaden the list of approved digital assets. Based on current forecasts, Russia’s regulated crypto market could grow to $87 billion a year by 2029 if these elements progress as expected.

The crypto market has posted sharp gains across Bitcoin and several major altcoins, but Cryptex Finance data covering 36 assets and roughly 92% of the digital asset market shows that capital remains heavily concentrated in Bitcoin and Ethereum despite prices rising across the market.

Summary

Cryptex’s 36-asset index gained just 1.92% over the trailing seven days, even as several major cryptocurrencies posted much larger gains from their recent lows. Joe Sticco said low price dispersion suggests cryptocurrencies are moving together rather than investors rotating capital between assets and sectors. Sticco said roughly nine out of every ten dollars entering regulated crypto products during one recent session went to Bitcoin and Ethereum. U.S. spot Bitcoin ETF inflows provide evidence of institutional demand, although Sticco said rising asset values should not be confused with fresh capital entering the funds. Cryptex Finance co-founder Joe Sticco told crypto.news that participation in the recent rally had spread across the market, but the allocation of capital had not followed at the same pace, leaving cryptocurrencies trading more like a single group than a market in which investors are selecting individual winners.

Cryptex’s market index stood at 1,199.69, almost 20% above the base level of 1,000 set on Feb. 20. The index tracks 36 assets across five sectors using Coinbase pricing, giving Sticco a larger sample than Bitcoin or a handful of major altcoins alone.

Over the trailing seven days, however, the index had risen only 1.92%. Sticco said the figure matters because much of the rally that produced large percentage gains from recent lows took place within roughly 72 hours between Aug. 19 and Aug. 21, followed by several days of relatively flat trading.

“Measure from the low, and you get a rally. Measure the trailing week, which is what most readers think they’re being told, and you get almost nothing,” Sticco said.

Bitcoin’s acceleration during that period followed a major derivatives flush alongside renewed spot demand. Earlier market coverage showed BTC jumping from below $65,000 to around $69,500 on Aug. 19 as more than $1 billion in crypto short positions were liquidated within an hour.

Crypto market gains show little separation between assets Price dispersion within Cryptex’s index provides another reason Sticco is reluctant to describe the rally as a full capital rotation.

On the day measured by Cryptex, the strongest constituent gained 6.71%, while the weakest declined 1.49%. Despite covering 36 cryptocurrencies from five sectors, the entire range between the best and worst performers amounted to roughly eight percentage points.

“That is not a market sorting winners from losers. That’s a market moving as one block,” Sticco said.

According to Sticco, such low dispersion indicates that a common market factor is lifting cryptocurrencies together instead of investors moving money between assets based on individual fundamentals.

Major tokens nevertheless produced very different headline returns when measured across the rally. Sticco put Bitcoin’s seven-day increase at roughly 14%, XRP’s at 28%, and Solana’s at about 19%.

Capital allocation did not match the apparent spread in price performance. Bitcoin dominance remained around 57% to 60%, depending on the market universe used, while Sticco cited an Altcoin Season Index reading below 40, far under the 75 level generally used by the index to signal an altcoin season.

Solana also remained more than 50% below its October 2025 level despite gaining about 19% during the week, according to Sticco.

“Participation broadened. Allocation didn’t,” he said.

Institutional flows remain concentrated in Bitcoin and Ethereum Regulated investment products give Sticco another way to separate rising cryptocurrency prices from the destination of new capital.

During one recent Wednesday session, Sticco said U.S. spot Bitcoin ETFs received about $232 million, while Ether ETFs attracted roughly $192 million. XRP products brought in around $28 million, compared with approximately $15 million for HYPE products and $9 million for Solana.

By his calculation, close to nine dollars out of every ten went into Bitcoin and Ethereum. Weekly figures showed a similar concentration, with Bitcoin receiving about 71% of flows and Ethereum another 26%.

The concentration comes even as U.S. spot products have helped support Bitcoin’s recovery. A previous report on ETF demand found that U.S. spot Bitcoin ETFs had taken in approximately $1.9 billion across five consecutive inflow sessions by Aug. 24, while analysts said continued spot buying would be needed after forced short covering helped accelerate the initial breakout.

Sticco said the subsequent streak had reached eight consecutive sessions of net Bitcoin ETF inflows totaling about $2.8 billion, while Ether ETFs had also recorded eight positive sessions and more than $1 billion in inflows.

August Bitcoin ETF inflows had exceeded $3 billion by the time of his comments, making it the strongest month of 2026, according to Sticco. He said BlackRock had absorbed a large portion of the demand, including around $1.3 billion during the previous week.

“Eight straight sessions of regulated spot creations is not what a short squeeze produces,” he said.

The ETF numbers, however, require another distinction when assessing how much new institutional money has entered Bitcoin.

Sticco said net assets held by the funds had climbed from roughly $77 billion in mid-August to just above $99 billion by Tuesday, an increase of about $22 billion. Actual net inflows during the eight-session streak totaled only around $2.8 billion.

Much of the difference came from Bitcoin’s rising price increasing the value of assets already held by the funds, he said, rather than investors supplying another $22 billion in fresh capital.

Earlier in August, five consecutive inflow sessions had brought approximately $853.5 million into U.S. spot Bitcoin ETFs between Aug. 3 and Aug. 7, reversing withdrawals recorded during the preceding week.

Sticco also cautioned against viewing August in isolation. He said spot Bitcoin ETFs lost roughly $5.4 billion during the first half of 2026 and remained about $2.5 billion in negative territory for the year despite the latest inflows.

ETF demand is clearer than derivatives positioning Separating institutional buying from leverage requires looking at different parts of the market, according to Sticco.

ETF flows and market depth measure demand, while funding rates, futures basis, and open interest give more information about trader positioning. Sticco said falling open interest alongside rising prices can indicate shorts are closing rather than new buyers entering.

He declined to characterize current open interest as either bullish or bearish because publicly available readings differed. Some datasets quote open interest in Bitcoin while others measure its dollar value, which can produce different trends when BTC itself moves sharply.

Market depth presents a similar problem. Sticco described depth as one of the most useful measures for institutional participation because it shows how much capital can enter or exit without materially moving the market.

“Price tells you what the last trade cleared at. Depth tells you what the next big one will cost.”

Available public depth figures were not current enough for Sticco to say confidently how much liquidity had recovered. He pointed instead to the damage following the October 2025 deleveraging event, when he said an estimated $10 billion to $20 billion in leveraged positions were erased and Bitcoin’s top-of-book depth on major venues fell more than 90% intraday.

Market makers subsequently reduced resting liquidity after getting caught with inventory while hedges were force-closed, according to Sticco, leaving order books at their thinnest since 2022.

For Sticco, the institutional side of crypto has therefore developed faster than the liquidity supporting the underlying market.

U.S. policy and Treasury conditions remain part of the rally Macroeconomic conditions have also played an important role in the latest advance, according to Sticco, who pointed to the U.S. Treasury’s Aug. 19 decision to increase long-dated debt buybacks as an important catalyst.

The Treasury doubled the maximum size of certain long-end liquidity support buybacks from $2 billion to at least $4 billion per operation. The Treasury announcement was followed by falling long-term yields and an 8.2% Bitcoin advance from an intraday low around $64,100 to approximately $69,500 in less than 12 hours.

Sticco said Bitcoin’s close relationship with software stocks during the move shows how crypto has become more connected to U.S. macro conditions. As interest-rate expectations later changed and short-term yields rose, Bitcoin surrendered some of the gains even though the legislative situation in Washington had not materially changed.

Congress presents another variable for U.S. investors. Sticco pointed to the CLARITY Act, which would establish a statutory division of responsibilities between the SEC and CFTC for parts of the digital asset market and create a federal framework affecting exchanges, brokers, dealers, and custody.

The Senate Banking Committee advanced the legislation 15-9 in May, with Democratic Sens. Ruben Gallego and Angela Alsobrooks joining Republicans. Sticco, who attended the markup as part of Cryptex’s policy work, said both Democrats made clear at the time that their committee votes did not guarantee support on the Senate floor without progress on unresolved provisions.

A Sept. 15 cloture vote requires 60 votes to move the legislation forward. Previous coverage of the negotiations identified ethics rules, stablecoin rewards, and financial-crime provisions among the issues still unresolved ahead of the procedural vote.

For regulated index products, Sticco pointed in particular to provisions covering CFTC registration of digital commodity exchanges, brokers, and dealers. Capital, asset-segregation, surveillance, and customer-protection requirements could increase the number of regulated venues capable of supporting assets used in exchange-traded products, he said.

Sticco also cited custody provisions and changes affecting financial holding companies as potentially important for institutions, while arguing that statutory classification of digital assets would give index providers more certainty than relying on agency interpretations that future regulators could change.

Policy expectations, however, have weakened even as cryptocurrency prices have risen. Sticco said Polymarket odds for the CLARITY Act becoming law in 2026 had fallen from roughly 82% in February to around 25% in late August, while Galaxy Research placed the probability closer to 10%.

The Sept. 15 vote will also fall on the first day of the Federal Reserve’s Sept. 15-16 meeting, leaving two major U.S. policy events scheduled within the same period.

Unresolved Senate negotiations include ethics and conflict-of-interest rules involving government officials, possible secondary enforcement authority for state attorneys general, illicit-finance provisions and banking-industry objections to crypto exchanges paying yield on stablecoin balances, according to Sticco.

Cardano is now being used as a public verification layer for enterprise supply chains, after the Cardano Foundation and Blockforce deployed their traceability architecture in production in Brazil. More than 500,000 supply chain records have already been anchored, including data from some of Brazil’s largest fashion groups, according to a Monday statement.

The system uses a permissioned network to store the underlying supply chain information, keeping commercially sensitive records accessible only to participating parties. Cardano receives only the cryptographic proof of each record, enabling independent verification by auditors, regulators or customers without exposing confidential data.

Cost had been a major obstacle to deploying this type of architecture at scale. As reported, engineering work by the Cardano Foundation and Blockforce cut the cost per anchored record by 92%, allowing public verification to move beyond pilot projects and into live enterprise operations.

Among the early users is Azzas 2154, Latin America’s largest fashion group, which uses the platform to build auditable histories for its leather supply chain. The company cross-checks fiscal documents, supplier information and public databases and plans to trace all leather used across its brands by 2030.

The companies have signed contracts covering 6.5 million certified records through 2030. They also plan to extend the model into sectors including automotive, agribusiness, pharmaceuticals and cosmetics, positioning Cardano as a public proof layer for supply chains where compliance and provenance need to be independently verified.

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

Tether CEO Paolo Ardoino has challenged the Bank for International Settlements’ preference for tokenized bank deposits, arguing that fully reserved stablecoins give users a stronger alternative to money held under fractional reserve banking.

Summary

Tether CEO Paolo Ardoino challenged the BIS preference for tokenized bank deposits, arguing that fully reserved stablecoins offer users a safer alternative. BIS chief Pablo Hernández de Cos said stablecoins face problems with redeemability, interoperability, financial integrity and monetary sovereignty. Ardoino questioned why savers would keep money in fractional reserve products when stablecoins can hold reserves in liquid assets such as U.S. Treasuries. The debate has reached U.S. lawmakers as banking groups warn that stablecoin rewards could pull deposits from banks and reduce funds available for lending. The Bank for International Settlements laid out the case for tokenized deposits on Aug. 28, when General Manager Pablo Hernández de Cos told the Jackson Hole Economic Symposium that stablecoins still fall short of several properties needed to function as money at scale. Ardoino responded by questioning why savers would choose bank deposits when stablecoins can hold reserves in highly liquid assets such as U.S. Treasuries.

“BIS is rightfully worried about the fact that stablecoins are exposing the emperor without clothes,” Ardoino said. “Why someone should choose to put his savings into a fractional reserve product while stablecoins are fully reserved?”

Tether CEO challenges the BIS case for tokenized deposits Hernández de Cos argued that stablecoins face problems with redeemability at par, interoperability and financial integrity, while their use outside the United States can create concerns over monetary sovereignty and digital dollarization.

In the BIS model, tokenized deposits remain liabilities of commercial banks and settle through central bank accounts. De Cos said this structure preserves the “singleness” of money because different bank liabilities remain redeemable at par through central bank settlement.

Stablecoins work differently. A user holding USDT who needs to pay someone accepting only USDC may first need to exchange one token for the other in a secondary market, where prices can deviate from their dollar pegs, particularly during periods of stress.

Public blockchains create another concern for the BIS. Stablecoins can circulate across multiple networks and through self-custody wallets, while moving the same asset between chains can require bridges or other infrastructure. De Cos argued that this structure creates interoperability problems and makes consistent enforcement of anti-money laundering and counterterrorism financing controls more difficult.

Ardoino focused his response on the reserve structure behind the two forms of digital money. The Tether executive argued that stablecoins can be backed almost entirely by liquid reserves, including U.S. government debt, while commercial banks operate under a fractional reserve system in which only part of their liabilities are held in liquid assets.

His comments put the reserve question at the center of a debate that has increasingly divided stablecoin issuers and the banking sector as both compete to move fiat-denominated money onto blockchain networks.

Crypto.news recently examined how a tokenized bank deposit remains on the issuing bank’s balance sheet even after being represented on a blockchain. Unlike stablecoins, customer funds do not move into a separate reserve portfolio and can remain available to support the bank’s lending operations.

Tokenized deposits are moving beyond pilot programs Banks have started building infrastructure around that model as stablecoins take a larger role in digital payments.

JPMorgan Chase, Bank of America, Citigroup and Wells Fargo are developing a shared deposit token network through The Clearing House, with a launch targeted for the first half of 2027. The planned system would initially give multinational companies access to programmable treasury and cross-border payment services.

SWIFT has pursued a similar route. In July, the financial messaging network launched a  blockchain-based shared ledger with 17 major banks, including Citi, HSBC, UBS and BNP Paribas. The system was designed around tokenized bank deposits for round-the-clock cross-border payments.

Custodia Bank and Vantage Bank have taken a different approach by combining the two structures. Their dual-purpose token model is designed to operate as a bank deposit while inside the Hazel network and function as a stablecoin when transferred outside it. The Ethereum-based system has been under testing ahead of a planned fourth-quarter 2026 rollout.

Despite supporting tokenized deposits, Hernández de Cos acknowledged that the model has its own unresolved problems. No multi-bank or cross-jurisdictional ecosystem currently issues tokenized deposits through a fully interoperable framework, he said. Existing systems remain concentrated on permissioned platforms, while some designs resemble bank-issued stablecoins.

The BIS chief said stablecoins and tokenized deposits could ultimately coexist, but argued that tokenized deposits should handle most everyday payments while stablecoins serve more specialized functions.

Stablecoin growth raises the deposit flight question Ardoino’s criticism comes as the competition for deposits has become part of the U.S. debate over crypto market structure.

Banking groups have repeatedly pushed lawmakers to tighten stablecoin reward provisions in the Digital Asset Market Clarity Act. In July, the American Bankers Association, Independent Community Bankers of America and 76 state banking associations urged Senate leaders to revise Section 404 before the legislation reached the Senate floor.

The groups argued that allowing crypto platforms to provide certain rewards on stablecoin balances could encourage customers to move funds out of traditional bank accounts. Under that argument, deposit losses could leave community banks with less funding available for lending.

Citigroup CEO Jane Fraser repeated the concern in August while supporting passage of the CLARITY Act. Fraser warned that stablecoin rewards could draw deposits away from banks and affect their ability to extend credit.

The dispute partly traces back to the GENIUS Act, which prevents payment stablecoin issuers from directly paying interest or yield to holders. Crypto exchanges and other service providers can still offer some rewards depending on how their programs are structured, leaving lawmakers and banking groups divided over where the restrictions should apply.

Hernández de Cos raised a similar funding issue at Jackson Hole. Stablecoin issuers can increase demand for government debt by placing reserves into Treasury securities, potentially lowering sovereign borrowing costs, he said. At the same time, money leaving commercial bank deposits could increase bank funding costs and eventually raise borrowing costs for households and companies.

Ardoino presented the same movement of funds from the opposite perspective.

“What happens to financial system if people start realizing that stablecoins are safer and move their savings into the better asset class?” he said. “We’re in the Find Out phase.”

USDT remains the largest stablecoin by circulation and has developed a substantial user base outside the United States. Ardoino has repeatedly positioned the token as a dollar-based savings and payments product for markets where access to U.S. dollars or conventional banking services can be limited.

Tether has pursued that market through payment and remittance investments, including its May investment in cross-border platform LemFi, which serves users across African and Asian remittance corridors.

Ardoino said some economies now rely heavily on USDT for both domestic and foreign commerce, while the BIS has warned that increasing use of dollar-denominated stablecoins outside the United States could weaken monetary policy transmission and increase dependence on external monetary conditions.

Dear Ontology Community,

The Ontology core development team has identified a potential security concern during our daily security check that requires immediate investigation.

As a precautionary measure, and with the security and integrity of the Ontology Mainnet as our highest priority, block production on the Ontology Mainnet will be temporarily suspended with immediate effect.

This emergency pause is being initiated proactively to allow the technical team and network validators to conduct a comprehensive security review of the network and its related components.

No Current Impact on User Assets

We would like to emphasize that:

No confirmed security incident has been identified at this time. There is currently no indication of any loss or compromise of user assets. ONT, ONG, and other on-chain assets remain unaffected based on our current assessment. The temporary suspension is a preventive security measure, rather than a response to confirmed asset loss or an ongoing attack. We are taking this action out of an abundance of caution to ensure that any potential risk is fully assessed before normal network operations resume.

Network Status

During the emergency security review:

Block production will remain temporarily suspended. On-chain transactions will not be processed while the network is paused. Users should not attempt to perform time-sensitive on-chain transactions until the network has been officially confirmed to have resumed. Users do not need to transfer or otherwise take action with their ONT, ONG, or other on-chain assets as a result of this announcement. The duration of the pause is currently undetermined. We will prioritize the thoroughness of the security review over speed and will not resume block production until the network has been sufficiently assessed and deemed safe to operate.

Next Steps

The Ontology team is treating this matter as a top priority and is working closely with validators and relevant ecosystem partners.

We will provide further updates through the official Ontology channels as soon as more information becomes available.

A separate announcement will be issued before or at the time of network resumption, once the security review and any required upgrades have been successfully completed.

We understand that an unexpected network pause may cause concern or inconvenience. However, we believe that taking immediate preventive action is the responsible approach when the security of the network may potentially be at risk.

The security and integrity of the Ontology Mainnet, as well as the safety of user assets, remain our highest priorities.

Thank you for your patience, understanding, and continued support.

Ontology Network

Palantir Technologies Inc. (PLTR, Financials), the artificial intelligence and data analytics company, still has support from Baird even after its valuation climbed to roughly $448 billion.

The firm, after a small group of investors saw a technical presentation, repeated its Outperform rating and $200 price target.

Baird's optimism about Palantir's future rests on its ontology, agentic AI capabilities and its rising role in sovereign AI. The obvious tension is the valuation.

Palantir shares were selling at about $186, giving the business a market valuation of about $448 billion. That means investors are already paying a steep price for development down the road. But the growth is still unusually strong.

Revenue growth picked up to 93% and the company's 2026 revenue growth outlook is currently at 82%. Gross margin is roughly 85%.

Other analysts have also raised their objectives. UBS boosted its objective to $220 while Phillip Securities raised its aim to $215.

Palantir's contract with the Pentagon for the Maven Smart System is likewise on track to generate an annual revenue run-rate of about $1 billion.

The next question is whether Palantir can keep growing fast enough to warrant one of the wealthiest values in software.

Broadcom Inc (NASDAQ:AVGO) is scheduled to report its fiscal third-quarter results on Sept. 2.

Recent channel checks indicate that investor concerns around the company’s competitive position at Alphabet Inc (NASDAQ:GOOGL) seem to be "overstated," according to JPMorgan.

• Broadcom stock is taking a breather. Where is AVGO stock headed?

The Broadcom Analyst: Analyst Harlan Sur maintained an Overweight rating and price target of $580.

The Broadcom Thesis: The stock has lagged the broader semiconductor group year to date, having risen only by 7% versus a 69% gain in the index, Sur said in the note.

Check out other analyst stock ratings.

He added that much of the underperformance in Broadcom’s shares stem from:

Concerns around potential share loss at Google longer-term. Management having reiterated their AI revenue guidance for fiscal 2027 to exceed $100 billion. Channel checks over the last 90 days indicate that the recent partnerships with Alphabet and Marvell Technology Inc (NASDAQ:MRVL), as well as noise around potential suppliers, "are more reflective of GOOGL bringing on more partners to support its internal COT team and to support TPU-attach opportunities," the analyst wrote.

No other company is likely to displace Broadcom’s position as Alphabet’s core TPU partner, given the terms of the agreement signed in early April, in which Alphabet committed to annually increasing TPU-related purchases at Broadcom and "anchored AVGO as the volume partner for the next four generations of TPU SKUs," he further stated.

Boss said he expects Broadcom to report "solid" results for the July quarter and announce better-than-expected guidance for the October quarter, with fiscal 2026 AI revenues of more than $56 billion.

AI revenues in fiscal 2027 are likely to be above management’s current guidance of over $100 billion, and could surpass $130 billion, considering potential industry supply constraints "as customer commitments, backlog and order momentum continue to build across ASIC/XPU and AI networking," the analyst added.

AVGO Price Action: Shares of Broadcom are up slightly at 0.41% to $370.22 at the time of publication on Monday.

Read Next

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Broadcom (AVGO +0.18%) has truly become the next Nvidia in terms of recent price movements. Both chipmakers have crushed the S&P 500 over the past five years, but the year-to-date returns paint a very different picture.

A strong earnings report recently put Nvidia's year-to-date gains above the S&P 500, but Broadcom still lags the famed index. Broadcom is only up by 6% year to date, but this sluggish performance shouldn't last forever. Here's why Broadcom is primed to continue beating the S&P 500 in the long run.

Image source: Getty Images.

AI chip demand isn't slowing down Artificial intelligence (AI) chips are foundational for large language models (LLMs), agentic AI, cloud computing, and other technologies. They will also play a major role in physical AI applications, such as humanoid robots and self-driving vehicles.

Premium Feature

Moneyball Superscore

90/100

Today's Change

(

0.18

%) $

0.66

Current Price

$

369.45

Grand View Research projects a 30.6% compound annual growth rate (CAGR) for the AI industry through 2033. Some companies will grow faster than others, and Broadcom is already proving it's a top-tier chipmaker in terms of growth.

The chipmaker reported 48% year-over-year revenue growth in the second quarter. AI semiconductor sales drove almost half of that growth.

Broadcom specializes in application-specific integrated circuits (ASICs), which are different from Nvidia's graphics processing units (GPUs). Soaring Nvidia demand isn't a bad thing for Broadcom since they are similar companies but not direct competitors like Nvidia and Advanced Micro Devices.

The Marvell Technology news is overblown Marvell Technology is one of the biggest reasons Broadcom is trailing the S&P 500. The company, which also provides ASIC chips, partnered with Alphabet, which could lead to a long-term relationship and up to $120 billion in potential revenue over the next six years.

The theory is that Alphabet may become less reliant on Broadcom if the Marvell partnership goes well.

The guidance from Broadcom's Q2 results indicated that AI semiconductor revenue will at least triple year over year in its fiscal 2026 Q3 results. Broadcom also expects consolidated revenue to reach $29.4 billion, representing an 84% year-over-year increase. That projection also implies a 32% sequential jump.

This type of growth suggests that Broadcom's top customers are not slowing down on their purchases. Alphabet already works with Nvidia and AMD, two of the largest GPU makers, so it's not foreign for the company to work with two of the leading ASIC chipmakers.

Nvidia's earnings offer a hint for Broadcom's upcoming results A catalyst is on the horizon that can help Broadcom catch up to the S&P 500 and outperform it by the end of the year. Broadcom is set to report its fiscal 2026 Q3 results on Sept. 2.

Investors will look closely at AI semiconductor revenue, which is supposed to reach $16 billion per guidance. It would represent more than half of total revenue in that quarter, and as it becomes a larger slice of Broadcom's business, its sales should continue to accelerate.

Investors can take a look at Nvidia's results for a hint of what Broadcom may deliver when it reports earnings. Nvidia crushed guidance by generating $96.2 billion in its fiscal 2027 Q2, compared to guidance of $91 billion.

It's much harder for a company like Nvidia to beat guidance and set higher targets. Nvidia is aiming for $108 billion in fiscal 2027 Q3 revenue, so it's still growing. Broadcom hasn't tapped into as large of a market share yet, so it should be easier for the ASIC chipmaker to beat guidance and offer optimistic remarks for the rest of the year.

Notably, Broadcom only trades at a 20 forward price-to-earnings (P/E) ratio. That valuation puts the stock in a prime position to rally if it beats expectations when it reports on Sept. 2.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Leading crypto exchange Binance is planning to delist 12 margin trading pairs in early September, including major cryptocurrencies SUI, Avalanche (AVAX), and Chainlink (LINK). This particularly affects Bitcoin pairs of SUI, Avalanche, and Chainlink.

In a recent announcement, Binance issued a notice of removal for margin trading pairs scheduled for September 3, 2026.

In its post, Binance said it will delist the affected margin trading pairs on September 3 at 06:00 (UTC). A total of 12 Isolated Margin Pairs will be delisted; five of these are on Cross Margin.

HOT Stories

The Isolated Margin Pairs include SUI/BTC, AVAX/BTC, LINK/BTC, TNSR/USDC, SXT/USDC, TURTLE/USDC, AIXBT/USDC, BREV/USDC, USDE/USDC, WBETH/ETH, BFUSD/USDT, and BNSOL/SOL. Five pairs — TNSR/USDC, SXT/USDC, TURTLE/USDC, AIXBT/USDC, and BREV/USDC — will be delisted on Cross Margin.

You Might Also Like

Effective immediately, users may no longer be able to transfer any amount of assets of the aforementioned pairs via manual transfers and Auto-Transfer Mode into their Isolated Margin accounts.

Dates for usersBinance highlighted the dates in the delisting process of these margin pairs: on September 1 at 06:00 (UTC), Binance Margin will suspend isolated margin borrowing on the isolated margin pairs.

On September 3 at 06:00 (UTC), Binance Margin will close users' positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned cross and isolated margin pairs, and they will afterward be removed from Binance Margin.

You Might Also Like

The delisting only affects the said margin pairs, as users can still trade the above assets on other trading pairs available on Binance Margin.

To avoid potential losses, users are urged to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of Margin trading on September 3 at 06:00 (UTC). This is because they will not be able to update their positions during the delisting process, which may take about 3 hours.

On September 3 as well, Binance has already earmarked 3 crypto assets for delisting: ICON (ICX), Secret (SCRT), and Storj (STORJ), following its recent review.

In a previous announcement, Binance said it has decided to delist and cease trading on all spot trading pairs for the tokens on September 3 at 03:00 (UTC).

Key Takeaways Intercontinental Exchange closed at $162.33, an 8.3% discount to its 52-week high of $177.ICE raised 2026 recurring revenue growth guidance to 7%-8% as data services and network technology expand.ICE lifted 2026 adjusted operating expense guidance to $4.190-$4.230 billion, limiting near-term margins. Shares of Intercontinental Exchange, Inc. (ICE - Free Report) closed at $162.33 on Friday, an 8.3% discount to its 52-week high of $177.00.

ICE stock has lost 1.5% year to date compared with the industry’s decrease of 4.2%. The Finance sector has gained 7.9% and the Zacks S&P 500 composite has gained 12.2% in the same time frame. ICE shares are losing momentum despite resilient fundamentals, likely reflecting concerns over slower near-term growth, softer second-half guidance, weakness in energy trading and slower mortgage recovery.

ICE is a leading global operator of regulated exchanges, clearing houses and listings venues and a provider of data services for commodity, financial, fixed income and equity markets. A compelling portfolio, expansive risk-management services, strategic buyouts, solid balance sheet and effective capital deployment poise it well for growth.

ICE vs Industry, Sector, S&P 500
Image Source: Zacks Investment Research

Shares of Nasdaq Inc (NDAQ - Free Report) have gained 1.5% year to date, while those of CME Group (CME - Free Report) have gained 5% in the same time frame.

Are ICE Shares Affordable?The stock is undervalued compared with its industry. It is currently trading at a forward price-to-earnings multiple of 18.98, lower than the industry average of 21.6 and the median of 22.07 over three years.  
 

Image Source: Zacks Investment Research

ICE is relatively cheap compared to Nasdaq and CME Group.

The Case for ICE StockThe planned MarketAxess acquisition extends Intercontinental Exchange’s network strategy into institutional credit execution while complementing its retail and wealth distribution, pricing, indices, analytics and clearing capabilities.

ICE remains well-positioned to benefit from continued digitization across the mortgage origination and servicing lifecycle. Management expects third-quarter recurring revenues to remain broadly stable as core growth and new client ramps build. The $3.4 billion in future performance obligations as of June 30, 2026, also provides strong longer-term revenue visibility.

With capabilities spanning execution, market data, clearing, and workflow solutions across major asset classes, ICE maintains a diversified business model that reduces reliance on any single activity driver. Its Fixed Income and Data Services segment continues to expand through pricing, reference data, indices, and network technology. Management raised 2026 recurring revenue growth guidance to 7%-8%, although second-half growth is expected toward the lower end due to tougher data-center comparisons.

ICE is also leveraging proprietary data in client decision-making tools. Its expanded ICE Model Context Protocol enables governed access to proprietary data within institutional AI workflows, while ICE Compass applies pricing and transaction data to pre-trade fixed-income analytics.

Finally, ICE’s $600 million investment in Polymarket highlights its confidence in prediction markets as an emerging, data-driven asset class. The investment could create synergies with ICE’s exchange and data businesses, broaden its addressable market, and position the company to benefit from growing regulatory acceptance and innovation in alternative financial markets.

However, ICE continues to increase spending on performance compensation, technology capacity and product development. Full-year 2026 adjusted operating expense guidance was increased to $4.190-$4.230 billion, while third-quarter adjusted expenses are expected in the range of $1.063-$1.073 billion.

Growth Projections for ICEThe Zacks Consensus Estimate for 2026 revenues indicates a 10.7% year-over-year increase, while that for earnings suggests a 16.6% year-over-year increase. The consensus estimate for 2027 revenues indicates a 5.1% year-over-year increase, while that for earnings suggests an increase of 8.4% year over year. 
 

Image Source: Zacks Investment Research

The expected long-term earnings growth rate is pegged at 12.7%.

Optimist Analyst Sentiment on ICEThe consensus estimate for 2026 and 2027 earnings has moved 6 cents and 3 cents north, respectively, in the past 30 days, reflecting analysts' optimism.

The consensus estimates for 2026 earnings of Nasdaq moved 2 cents north in the last 30 days.

The consensus estimates for 2026 earnings of CME witnessed no movement in the last 30 days.

Parting Thoughts on ICE SharesIntercontinental Exchange benefits from a diversified exchange and a data and mortgage workflow portfolio that can perform across market cycles.  Solid growth projections and optimistic analyst sentiment instill confidence.

However, higher operating and capital spending limiting near-term margin expansion keeps us on the sidelines. Therefore, it is better to adopt a wait-and-see approach on this Zacks Rank #3 (Hold) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Monero [XMR] is showing strong upside momentum. After failing to hold $500 earlier, the altcoin’s bullish pressure strengthened, reclaiming $500 and hiking to a high of $520.

At press time, Monero was trading around $516, marking an 11% surge on the daily charts.  Over the same period, the altcoin trading volume surged 206%, reflecting strong market activity and steady capital flows. 

Why is Monero upside pressure holding? While Monero’s rebound was not driven by events over the past days, investors have shown optimism with the recent structural upgrade.

As such, the THORChain network upgrade introduced native support for Monero swaps. The THORSChain 3.2 upgrade introduced Monero swaps against Bitcoin [BTC], Ethereum [ETH], and stablecoins.

This improvement has significantly improved XMR access and liquidity. Since it allows swaps XMR non-custodially on cross-chain DEX, it has become a major boost because of Monero restrictions on centralized exchanges.

Are speculators chasing the rally? Incentivized by this development, traders returned with strength across the market. Speculators, for example, have shown greater determination to capitalize on these market gains.

 According to CoinGlass data, Monero’s Open Interest (OI) surged 16% to $304 million at press time, while the Derivatives Volume rose 319% to $325 million. 

Source: Coinglass When OI and volume rise in tandem, it reflects increased market participation and capital inflow. Thus, traders deployed significant capital into opening new positions.

Meanwhile, the Long/Short Ratio climbed above 1, excluding Binance top traders. At 1.08, the ratio implied that most traders were bullish and were betting on more gains.

Can XMR sustain these gains? Monero‘s bullish pressure has intensified, with demand becoming sustainable, which in turn has strengthened upward momentum. In fact, a look at the momentum indicators validates this view. The altcoin’s Stochastic Momentum Index (SMI) extended its surge, hiking to 60 as of writing.

With the SMI edging deep into the bullish zone, it suggested that upside momentum is strong with bulls enjoying commanding control.

Source: TradingView Likewise, the Relative Strength Index (RSI) also extended its surge, rising to the overbought zone. At 80, RSI further confirms buyers have total control of the market.

As of now, these two indicators signal that the prevailing trend is most likely to continue. Therefore, if the market demand recently witnessed holds, Monero will reclaim $527 and target $546 in the short term.

However, if the attempted upside move fails again, XMR is likely to fall below $500, with $460 as a key support level.

Final Summary Monero extended its bullish structure, rising 9%, to reclaim and flip $500, reaching a local high of $520.  XMR’s upside momentum although driven by strong demand , recent THORChain upgrade has incentivized investors to return. 

Algorand Hits Weekly Transaction PeakThe Algorand network recorded a localized surge in activity on August 31, processing over 584,000 transactions in a single 24-hour window, according to @AlgoFoundation. The figure represents the busiest day on the network within the prior seven-day period, pointing to a meaningful short-term uptick in on-chain demand for the $ALGO-powered layer-1 blockchain.

While a single-day reading does not on its own signal a structural shift, it sits against a backdrop of steadily rising cumulative activity. Total transactions on the network rose to 3.64 billion as of June 2026, with node participation increasing by nearly 3% month-over-month. The network has added users and validators at a consistent pace throughout the year, and daily spikes of this kind tend to reflect bursts of activity tied to specific applications or ecosystem events.

Broader Activity Trends Support the MomentumThe single-day figure is consistent with a wider pattern of growing engagement on Algorand in 2026. USDC transacted volume on the network rose by more than 72% month-over-month to approximately $751 million in June, the highest monthly level recorded in the first half of 2026. Algorand also reported 1.8 million new smart contract deployments in a recent quarter, a 25.7% increase.

Builder activity has been a consistent contributor to on-chain volume. Builder activity saw a sharp recovery in May, with contracts deployed rising 47% and new asset creation more than tripling from April. Algorand's real-world asset ecosystem processed more than 23.2 million tokenized asset transactions during the second quarter, underscoring that the network's growth is tied to actual usage rather than speculation.

On the regulatory front, the network has also gained a clearer footing in the United States. In March and April 2026, both the Securities and Exchange Commission and the Commodity Futures Trading Commission jointly categorized $ALGO as a digital commodity. This official recognition removed significant compliance hurdles that had previously kept many large investors on the sidelines.

The August 31 transaction spike adds another data point to what has been a year of building momentum for the Algorand network, even as token price has lagged behind on-chain fundamentals.

Sources:
Algorand Foundation: June 2026 Algo Insights Report
Crypto Briefing: Algorand Sees 1.8M New Contract Deployments
Cryptonomist: Algorand Price Rally and Institutional Milestone

A prolific hacking group has taken credit for last week’s cyberattack against U.S. pharmaceutical distribution giant McKesson, leading to the latest spill of highly sensitive health data by an American healthcare company in recent months.

McKesson confirmed Friday in a statement on its website that hackers broke into several of its cloud-hosted accounts earlier in the week and exfiltrated data, and that the company expected “intermittent service degradation” related to the incident. In a separate notice to customers, the company’s chief technology officer, Francisco Fraga, said the stolen data relates to its oncology & multispecialty and medical-surgical units.

The Texas-based company is one of the largest American distributors of pharmaceuticals, medicines, medical supplies, and technology to hospitals and healthcare providers across the United States, and as such handles a large amount of patient data.

The ShinyHunters hacking group — one of the most active data-extortion crews of the past two years — told TechCrunch that it hacked the company’s cloud environment by tricking several employees into granting the hackers’ access to McKesson’s network by using phishing and social engineering tricks, which the group is known for.

The hackers said they stole a range of personal information, such as names, addresses, and Social Security numbers, as well as protected health information, including diagnoses, medications, allergies, and patient notes. The hackers say they took millions of rows of patient data from the company’s cloud-hosted Snowflake and Salesforce environments, but that they are unsure of how many individuals are ultimately affected.

The stolen data also included McKesson employees’ information, such as home addresses.

ShinyHunters shared screenshots and a sample of the stolen data with TechCrunch, and we verified a small subset of it against public records.

Bleeping Computer, which first reported the link to the ShinyHunters hacking group, said the hackers demanded a $55 million ransom from the company in exchange for not publicly releasing the stolen files.

A spokesperson for McKesson did not respond to TechCrunch’s request for comment on Monday.

McKesson is the latest healthcare company or medical device maker to be targeted in a string of cyberattacks in recent months, as hackers aim to steal large amounts of sensitive medical and health data that they can use to extort the companies into paying a ransom to keep it from being published.

Last week, medical device maker Boston Scientific was hit by a cyberattack that knocked much of the company’s network offline. The cyberattack had a similar effect to an incident earlier this year at another medical device maker Stryker, in which hackers abused a company’s internal tools to remotely wipe thousands of employee devices. Abbott Laboratories and Medtronic have also experienced cyberattacks, while electronic patient records provider CareCloud and health tech company TriZetto had breaches affecting over 3 million patients each.

The ShinyHunters hackers have also taken credit for sizable data breaches at Amazon-owned OneMedical and dental insurance company DentaQuest following cyberattacks on their systems.

Lorenzo Franceschi-Bicchierai contributed reporting.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Zack Whittaker is the security editor at TechCrunch. He also authors the weekly cybersecurity newsletter, this week in security.

He can be reached via encrypted message at zackwhittaker.1337 on Signal. You can also contact him by email, or to verify outreach, at [email protected].

Baird just handed two farm equipment stocks a rare double upgrade on the same morning, but the reasoning behind each call points to a very different bet on how the ag cycle turns.

Farm equipment stocks caught a bid Monday afternoon after Baird upgraded both Deere (NYSE:DE | DE Price Prediction) and AGCO (NYSE:AGCO) on North America row crop demand. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.5% to $765.91, which frames the ag machinery rally as a targeted rotation into agricultural equipment while the broader industrials bid stays absent. The upgrade note argues that a 2027 volume recovery is coming from a cyclical trough, and both stocks are rallying on that call.

Deere stock is up 4% to $653.78 in midday trading. Through Friday’s close, Deere stock was up 36% year to date, so today’s pop extends a run that had already priced in a healthier ag equipment setup.

Meanwhile, AGCO stock is rallying 4% to $118.11. AGCO stock was up 10% year to date, a much smaller advance that leaves more room for a recovery thesis to still get paid at these levels.

Baird’s Double Upgrade on North America Row Crop Demand Baird upgraded Deere to Outperform from Neutral and raised its price target to $800 from $640, calling Deere the “cleanest setup” in the sector given its high exposure to North America row crop equipment demand. That target sits well above the current sell-side consensus target of $665.35 and anchors the analyst’s view that a fiscal 2027 volume recovery arrives on schedule.

Additionally, Baird upgraded AGCO to Outperform from Neutral with a price target of $150, raised from $120, arguing that any North America volume recovery in 2027 should flow straight to AGCO’s bottom line from a low base. The reasoning centers on operating leverage, with no valuation rerating in the thesis, and the new target sits above the AGCO sell-side consensus of $122.47.

Fellow large-cap machinery name Caterpillar (NYSE:CAT) provides a natural comparison as another North America equipment bellwether, though its construction-heavy customer base sits well apart from Deere’s and AGCO’s row crop end market. That distinction is why a note anchored on row crop demand pulls the two ag names higher without lifting the broader machinery complex today.

Two Upgrades, Two Different Theses Deere’s setup rests on quality and direct exposure. Deere is the incumbent in North America high-horsepower row crop equipment, and Baird is arguing the recovery arrives on a stock the market has already awarded a premium multiple. Deere stock trades at a trailing P/E of 34.6x, which prices in a clean cycle turn.

AGCO’s setup rests on operating leverage. Any 2027 North America volume recovery converts to outsized bottom-line movement from a depressed earnings base, and AGCO stock trades at a trailing P/E of 15.34x. A lower base paired with a lower multiple is the mechanical reason the same catalyst can move both names on the same day.

The year-to-date returns show how the market has already separated the two names. Deere stock’s 36% run reflects investors paying for the North America row crop recovery ahead of time, while AGCO stock’s 10% run indicates the recovery has yet to be priced in at AGCO.

Bear Case for Both Names An $800 price target on Deere implies the North America row crop recovery arrives on schedule, and farm equipment demand ultimately turns on crop prices and farmer income. Deere’s premium valuation after a 36% year-to-date run offers little room to absorb a delayed recovery, particularly with the stock trading close to its 52-week high of $670.49.

AGCO carries an inverted risk profile. Its lower base leaves more cushion if the recovery slips, yet no earnings floor exists to defend on the way down if farm income disappoints. Investors can weigh Deere’s quality premium against AGCO’s operating leverage on the same recovery outcome.

What to Watch Traders can watch for whether Deere stock holds $650 as follow-on notes from other sell-side desks either extend or fade the move. Baird’s $800 target implies further upside that momentum traders may press if commodity headlines cooperate.

The next real data points sit outside the trading window. Farm income prints, crop price action, and early order program commentary from the manufacturers themselves carry more weight than a single upgrade note, and any recovery timing miss hits both names, just with different geometry between quality and operating leverage.

Contact [email protected] for any questions or corrections.

Key Takeaways SEIC hits a new 52-week high of $112.15, with revenues and client assets increasing in the first half of 2026.SEI Investments is benefiting from sales conversion, technology demand, and improving LSV asset flows.Premium valuation and elevated investment spending could limit upside if growth or market conditions weaken. SEI Investments Company (SEIC - Free Report) shares touched a new 52-week high of $112.15 during Friday’s trading session before closing at $111.63, slightly below the session's peak.

Over the past six months, shares of SEIC have jumped 35.6% compared with the industry's increase of 12%. Additionally, its close peers, Victory Capital Holdings, Inc. (VCTR - Free Report) and Blue Owl Capital (OWL - Free Report) , have gained 71.5% and 12.6%, respectively, over the same period.

6-Month Price Performance

Image Source: Zacks Investment Research

Does SEI Investments stock have more upside left after recently touching its 52-week high? Let us find out.

Factors Aiding SEIC’s StockBroad-Based Growth and Expanding Client Assets: SEI Investments has delivered sustained top-line growth through expanding client assets, outsourcing demand, strategic partnerships, and targeted acquisitions. Revenues witnessed a 6.4% CAGR from 2020 through 2025 and rose 14% year over year during the first half of 2026.

Investment Managers' revenues rose 16.02% year over year in the first half of 2026 as prior sales success converted into revenues, while Investment Advisors' revenues increased 27%, benefiting from higher market values and the Stratos contribution.

Total assets under management, advisement, and administration saw a 9.3% CAGR over the same period, with the metric touching $2.1 trillion as of June 30, 2026. SEIC is also expanding into private markets through strategic partnerships and capabilities across wealth and retirement channels. Management expects the movement of private assets into these channels to generate more than $100 million of annual run-rate revenues within five years. These initiatives are expected to diversify the company's revenue base, with the Zacks Consensus Estimate projecting sales growth of 12.59% for 2026 and 7.91% for 2027.

Sales Estimate

Image Source: Zacks Investment Research

Technology, Outsourcing and Sales Conversion Strength: Technology remains central to SEI Investments’ competitive position. Its Investment Processing platform delivers outsourced software and processing services through TRUST 3000 and SEI Wealth Platform. Revenues from these platforms witnessed a 7.3% CAGR over the five years ended 2025, with the growth continuing in the first half of 2026. Demand is being supported by financial institutions and investment managers seeking to modernize operations and redirect resources toward growth.

SEIC is strengthening its platform through Data Cloud, automation, AI, and professional services. Strong sales activity supports this strategy, with IMS generating $32 million of sales events in the second quarter, driven by new client wins and expanded relationships. Approximately three-quarters of IMS sales events were associated with alternative investment mandates, supporting continued revenue growth and operating leverage.

SEIC’s Sales Momentum Remains Strong

Image Source: SEI Investments Company

LSV Contribution and Improving Asset Flows: SEI Investments' partnership interest in LSV Asset Management continues to support earnings, with improved asset flows and market appreciation providing a more constructive backdrop. LSV’s earnings remain sensitive to market conditions and client flows, resulting in volatility in recent years. Earnings declined in 2022 and 2025 due to client outflows, market depreciation and client losses, but improved in 2021, 2023 and 2024 on market appreciation.

The second-quarter performance highlights an improving trend, with LSV generating approximately $2 billion of net inflows from a large new mandate and performance fees totaling approximately $17 million, of which $6.5 million was attributable to SEI Investments. LSV products continued to outperform relevant benchmarks, while the improved flow profile is likely to provide a more constructive backdrop for the company’s equity income contribution.

Strong Liquidity and Financial Flexibility: SEI Investments maintains ample liquidity relative to its debt obligations, with cash and cash equivalents of $395.7 million as of June 30, 2026, with approximately $29 million of long-term debt. Net cash provided by operating activities increased to $347.4 million in the first half of 2026 from $243 million a year earlier, providing flexibility to fund technology initiatives, product development, acquisitions and shareholder distributions while supporting multiple growth initiatives without relying heavily on leverage.

SEIC Maintains Strong Liquidity and Low Debt

Image Source: SEI Investments Company

Disciplined Capital Returns: SEI Investments continues to return capital to shareholders while funding growth initiatives, raising its semi-annual dividend by 6.1% in December 2025 following a 6.5% increase in December 2024. As of June 30, 2026, $383.1 million remained under its repurchase authorization. The company expects cash flow to support higher repurchase activity, driven by its low leverage and recurring revenue profile.

Concerns for SEI InvestmentsSEI Investments’ continued investments in technology, AI, automation, Data Cloud, SaaS expansion, product development and Stratos integration are supporting long-term growth but also increasing operating costs and execution risks. If revenue growth, sales conversion, or client demand slows, these elevated investments could pressure margins and profitability.

In addition, a meaningful portion of revenues remains sensitive to market values and client flows, while flat combined net flows in Advisors and Institutional highlight potential pressure from weaker markets or outflows. The growing adoption of lower-fee products, including ETFs and separately managed accounts, could further moderate fee growth and limit earnings growth.

SEIC’s Earnings Estimates and Valuation AnalysisAnalysts remain bullish on SEIC’s earnings growth prospects. The Zacks Consensus Estimate implies continued earnings growth through 2026 and 2027, with earnings projected to increase from $5.63 per share in 2025 to $6.20 in 2026 and $6.86 in 2027. This outlook reflects recurring earnings beats and stronger operating results, supported by sales conversion, margin gains, alternative-investment demand and contributions from Stratos and LSV.

Earnings Estimate

Image Source: Zacks Investment Research

In terms of its valuation, SEI Investments stock is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 16.82, compared with the industry average of 14.18. This indicates that SEIC is currently trading at a premium to its industry.

Price-to-Earnings F12M

Image Source: Zacks Investment Research

SEI Investments' premium valuation leaves less room for disappointment. This is particularly relevant as the investment case depends on continued pipeline conversion, margin discipline and growth from initiatives such as Stratos, AI-enabled automation, retail alternatives, and alternatives in retirement. Slower sales conversion, weaker asset values or lower-than-expected returns from these initiatives could narrow the valuation premium and limit upside potential.

SEI Investments trades at a premium to Blue Owl Capital and Victoria Capital. At present, Blue Owl Capital and Victoria Capital have a forward 12-month P/E of 12.62X and 14.97X, respectively.

Parting Thoughts on SEI InvestmentsSEI Investments’ strong asset growth, expanding outsourcing platform, technology investments, LSV contributions and growing private-markets exposure are expected to support long-term growth. Its strong balance sheet, disciplined capital returns and improving earnings outlook underscore financial flexibility and a shareholder-friendly approach. The company’s diversified growth initiatives also provide multiple avenues for sustained revenue and earnings expansion.

Though fee sensitivity, elevated investment spending and premium valuation remain near-term concerns, SEI Investments’ solid growth prospects, recurring revenues and strong financial position support a favorable long-term outlook.

The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

TLDR: Robinhood Chain’s DEX trading volume hit a record $875 million on August 30, led by Uniswap v4. Daily transactions on Robinhood Chain reached 5.52 million, an all-time high for the network. Pons, the top launchpad on Robinhood Chain, minted 22,600 tokens and $187 million in volume. Robinhood Chain’s 24-hour app revenue of $2.66 million topped Ethereum and Hyperliquid L1. Robinhood Chain recorded its strongest day of on-chain activity on August 30, with decentralized exchange volume reaching $875 million.

The Wu Blockchain Data Center reported that daily transactions on Robinhood Chain hit 5.52 million, a new all-time high.

Uniswap v4 and Uniswap v3 accounted for most of the trading volume, while Pons, the network’s leading token launchpad, also posted record numbers. The figures point to expanding activity across the Robinhood Chain ecosystem.

DEX Volume and Daily Transactions Set New Records Uniswap v4 generated $432 million in trading volume on Robinhood Chain during the record session. Uniswap v3 followed closely behind, contributing $357 million to the day’s total activity.

Together, the two versions accounted for the bulk of the $875 million recorded across Robinhood Chain’s decentralized exchanges that day.

Robinhood Chain On-Chain Activity Hits Record High, DEX Daily Volume Reaches $875M

According to Wu Blockchain Data Center, Robinhood Chain’s DEX volume reached a record high of $875 million on August 30, with Uniswap v4 contributing $432 million and Uniswap v3 $357 million.… pic.twitter.com/WQZI5s9Egn

— Wu Blockchain (@WuBlockchain) August 31, 2026

Beyond DEX trading, the network processed 5.52 million transactions within a single 24-hour window, surpassing all previous totals.

This transaction count reflects rising participation from traders, bots, and applications built on top of Robinhood Chain. Wu Blockchain shared the figures through its data center, noting the milestone alongside the DEX volume record.

Pons, the largest token launchpad operating on Robinhood Chain, also reported record figures on the same day. The platform saw 22,600 tokens created within 24 hours, alongside $187 million in trading volume passing through it. Both metrics marked new highs for the launchpad since it began operating on the network.

App Revenue Tops Ethereum, Hyperliquid L1, and Base Robinhood Chain generated $2.66 million in app revenue over a 24-hour period, according to DeFiLlama data. This figure surpassed Hyperliquid L1’s $1.7 million and Ethereum’s $1.27 million recorded during the same window.

Robinhood Chain’s revenue also stood at nearly six times that of Base, which brought in $438,436 over the same period.

GMGN led revenue generation among protocols operating on Robinhood Chain, bringing in $1.11 million for the day. Pons followed with $930,587 in revenue, while Uniswap contributed $306,877 to the network’s daily total.

Combined, these three protocols accounted for close to 88 percent of all app revenue generated on Robinhood Chain.

The revenue breakdown shows a concentration of earnings among a small group of protocols on Robinhood Chain.

GMGN, Pons, and Uniswap remain the top three contributors to daily earnings on the network, based on DeFiLlama’s tracking. DeFiLlama continues to update these rankings as on-chain revenue data shifts across competing networks.

Together, the DEX volume, transaction count, and revenue figures paint a picture of a single record-setting day for Robinhood Chain.

Wu Blockchain and DeFiLlama both logged the milestones through their respective data platforms on August 30. The numbers place Robinhood Chain ahead of several established networks across multiple activity metrics for that period.

Key Takeaways CMC's core EBITDA jumped 77.3% y/y to $968M in the first nine months of FY26.The acquired precast businesses contributed $52.9M to adjusted EBITDA in Q3.CMC targets FY29 core EBITDA of $1.65B-$1.80B and margins of 15-16%. Commercial Metals Company’s (CMC - Free Report) core EBITDA surged 77.3% year over year to $968 million in the first nine months of fiscal 2026, driven by metal margin expansion and contributions from the recently acquired precast businesses. The core EBITDA margin reached 14.4% in the same time frame compared with the prior year’s 9.6%.

Backed by healthy domestic demand, strong backlogs and ongoing benefits from strategic initiatives, CMC expects core EBITDA to further increase sequentially in the fourth quarter of fiscal 2026.

CMC closed two major acquisitions in December 2025 — Concrete Pipe and Precast, LLC ("CP&P") and Foley Products Company. The acquired businesses add manufactured concrete pipe and structures used in job-site infrastructure, boosting Commercial Metals’ early-stage construction offering beyond steel and geotechnical solutions. In the third quarter of fiscal 2026, the precast business contributed $52.9 million to adjusted EBITDA. The company expects the precast platform to generate $165-$175 million of EBITDA in fiscal 2026, with incremental annualized EBITDA of $240-$250 million and $30-$40 million of annualized synergies by the end of year three.

Commercial Metals is also benefiting from its Transform, Advance, Grow (“TAG”) Program, which focuses on driving higher through-the-cycle margins, earnings, cash flows and ROIC. CMC expects an annualized EBITDA benefit of more than $250 million in fiscal 2026 and more than $350 million by fiscal 2027 from the program.

On Aug. 5, Commercial Metals introduced its fiscal 2029 financial targets. Backed by its focus on transformation, the company expects to generate structurally higher margins and enhanced free cash flow. CMC expects its fiscal 2029 core EBITDA to be $1.65-$1.80 billion, suggesting a surge of 106% at mid-point from the $837 million delivered in 2025. The core EBITDA margin is expected to be 15-16%.

EBITDA Performance by Commercial Metals’ PeersSteel Dynamics, Inc. (STLD - Free Report) reported adjusted EBITDA of $1.62 billion in the first six months of 2026, marking a year-over-year increase of 65.1%. Steel Dynamics remains optimistic that domestic steel and aluminum consumption will stay strong through the remainder of 2026 and into 2027. The upside will be supported by improving customer sentiment, stronger order activity, better pricing, domestic trade actions, manufacturing reshoring and infrastructure investments. Steel Dynamics’s strategic investments are projected to boost the company's consolidated annual EBITDA by $650-$700 million.

Cleveland-Cliffs Inc. (CLF - Free Report) posted adjusted EBITDA of $381 million in the first six months of 2026 against a loss of 85 million in the prior year. Cleveland-Cliffs expects third-quarter 2026 adjusted EBITDA of $575 million, more than double the second-quarter results. Cleveland-Cliffs also expects fourth-quarter EBITDA to exceed its third-quarter guidance as average selling prices, shipment volumes and costs continue to move in a favorable direction.

CMC’s Price Performance, Valuations & EstimatesCommercial Metals shares have gained 18.3% in the past year compared with the industry’s 73.4% growth. In comparison, the Zacks Basic Materials sector and the S&P 500 have returned 34.6% and 23%, respectively.

Image Source: Zacks Investment Research

Commercial Metals is currently trading at a forward price/sales ratio of 0.76 compared with the industry's 1.85.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Commercial Metals’ fiscal 2026 sales is $9.18 billion, indicating a 17.7% year-over-year jump. The consensus mark for the year’s earnings is pegged at $6.64 per share, indicating a year-over-year upsurge of 112.1%.

The Zacks Consensus Estimate for fiscal 2027 sales implies 7.6% year-over-year growth. The same for earnings suggests a dip of 9.6%.

EPS estimates for fiscal 2026 and 2027 have moved north over the past 60 days.

Image Source: Zacks Investment Research

CMC currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

@GuardaWallet has added native support for Terra Classic ($LUNC), giving holders of the community-run token a non-custodial option to manage their assets without relying on a centralised exchange.

What the Integration Offers The addition of native $LUNC support means holders can now save, transfer, and receive the token while retaining sole control of their private keys. That matters in practice: keeping assets off centralised platforms removes exposure to exchange-side custody risk, a concern that became acute for many Terra holders after the ecosystem's collapse in 2022.

Burn Campaign and On-Chain Activity The Guarda integration arrives as the Terra Classic community pushes through a meaningful shift in its deflationary strategy.

Exchange-led burns are adding to that pressure.

Despite the pace of burns, the scale of the task remains large.

For Terra Classic holders looking to move assets off exchanges amid these developments, the Guarda integration adds a straightforward, self-custody route to do so.

Sources:
Guarda Wallet: Terra Classic (LUNC) Wallet
CoinMarketCap: Terra Classic Latest Updates
CoinReporter: Binance June 2026 LUNC Burn

Key Takeaways Cadence generated $582 million in second-quarter free cash flow and repurchased $200 million of shares.Cadence expects $2 billion in 2026 operating cash flow and plans to use about 50% of FCF for buybacks.Cadence is investing in AI, M&A and go-to-market capabilities while remaining an asset-light business. Cadence Design Systems (CDNS - Free Report) appears well-positioned to balance growth investments with shareholder returns, buoyed by strong cash flow generation.

In the second quarter of 2026, Cadence generated an operating cash flow of $635 million compared with the prior quarter’s $356 million. Free cash flow was $582 million compared with $307 million in the previous quarter. As of June 30, 2026, cash and cash equivalents stood at $1.44 billion while long-term debt was $2.482 billion.

The company repurchased its shares worth $200 million in the second quarter. For 2026, operating cash flow is expected to be $2 billion compared with $1.875 billion to $1.975 billion projected earlier. The company expects to utilize roughly 50% of its free cash flow to repurchase shares in 2026.

The key question is whether this level of cash generation can remain sufficient as Cadence steps up spending on strategic opportunities.

These investments are aimed at strengthening the company’s technology portfolio and go-to-market capabilities. The company also does not expect Agentic AI to require a massive increase in capital intensity. Cadence remains an asset-light business.

Cadence expects acquisition profitability and IP profitability to improve as it moves into 2027. The company also pursues strategic M&A to supplement organic growth. In February 2026, Cadence acquired the Design & Engineering division of Hexagon AB, including its MSC Software business, in a deal worth €2.7 billion. The buyout will extend its presence in the multi-billion-dollar structural analysis market.

Cadence is a well-known name in the electronic system design space. The company is witnessing broad-based demand for its solutions, especially the AI-driven portfolio, amid increasing design complexity.  Given strong demand trends, management raised 2026 revenue guidance to $6.26-$6.34 billion from $6.125-$6.225 billion previously. It also continues to expect roughly 80% recurring revenue.

Nonetheless, volatile global macroeconomic conditions and substantial exposure to the semiconductor vertical are concerning for CDNS. Stiff competition from players such as Synopsys (SNPS - Free Report) and Keysight Technologies (KEYS - Free Report) remains concerning.

Mapping the Competitive TerrainSynopsys is one of the closest competitors for CDNS in the EDA space. The company generated $746 million in third-quarter free cash flow. SNPS raised its cash flow from operations guidance to approximately $2.8 billion (up $500 million) on strong cash collections while reducing capex guidance to $225 million. This will result in free cash flow of roughly $2.6 billion, an increase of $600 million compared with the previous guidance. The company did not repurchase shares in the third quarter of fiscal 2026.  

Synopsys ended the third quarter with $3.6 billion in cash and short-term investments.

Keysight Technologies is a provider of electronic design and test instrumentation systems. In the third quarter of fiscal 2026, Keysight Technologies generated $403 million in free cash flow and repurchased $210 million of shares, taking year-to-date buybacks to $517 million. As of July 31, 2026, the company had $2.61 billion in cash and cash equivalents and $1.82 billion of long-term debt. The company is simultaneously investing ahead of opportunities in AI infrastructure, 6G and advanced semiconductors.

For the fourth quarter of fiscal 2026, Keysight Technologies expects revenues in the range of $1.93-$1.95 billion.

CDNS Price Performance, Valuation and EstimatesShares of CDNS have edged up 1.3% in the past month compared with the Computer Software industry’s growth of 6.4%.

Image Source: Zacks Investment Research

CDNS trades at a forward 12-month price-to-earnings (P/E) ratio of 37.9X, below the industry’s 24.02X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for CDNS’ earnings for 2026 has been revised upward over the past 60 days.

Image Source: Zacks Investment Research

CDNS currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It hasn't been an easy year for the luxury apparel company Lululemon (LULU +0.88%). The stock is down nearly 42% this year, largely due to weakness in North American sales and management's trimming of full-year guidance earlier this year.

The stock now trades at a cheap 11 times forward earnings. But just because a stock looks cheap, that doesn't mean it can't get cheaper, especially in the near term when sentiment is poor.

The company faces a critical earnings report on Thursday, Sept. 3, when it reports its 2026 fiscal year second-quarter earnings results after the market closes. Management will also host a live conference call with analysts.

While it's incredibly difficult to predict how a stock will move in response to a near-term event, Lululemon's next earnings report could send the stock plummeting. Here's why.

Image source: The Motley Fool.

Management could cut guidance againIn the first quarter, Lululemon slashed its full-year guidance, reducing annual revenue growth projections from 2% to 4% to flat or down 1%.

Management attributed the declining guidance to negative press, which hurt sales in the U.S. and China.

In June, Lululemon issued a public apology after a promotional event on the Great Wall of China, where it accidentally used a Japanese instrument while intending to promote Chinese culture.

There has also been a perception that the brand is not innovating enough and that its clothing line is stale.

Since then, analysts have speculated whether the company may have to take down guidance again, given that the guidance still implies improvement in the back half of the year relative to second-quarter trends.

There's been more concern since Dick's Sporting Goods recently reported earnings and lowered guidance due to sectorwide challenges, noting that it increased promotions amid competition.

Dick's doesn't carry Lulu apparel, but that doesn't mean it can't be indicative of broader industry trends.

Premium Feature

Moneyball Superscore

60/100

Today's Change

(

0.88

%) $

1.07

Current Price

$

121.88

Last week, Goldman Sachs analyst Brooke Roach reiterated a neutral rating on the stock and lowered its price target by $11 to $111 per share.

Roach noted persistent pressure on demand, weak consumer sentiment, increased promotions, and potential slowing growth in China.

Why the stock could plummetObviously, if management lowers guidance again, investors will lose a lot of confidence in the stock in the near term, meaning the company will need to show tangible progress in reversing revenue and earnings trends.

However, as I'd like to reiterate from above, predicting a stock's movement based on a near-term event is extremely difficult.

It's possible that sentiment is already so poor that even a bad earnings report that comes in just a little better than expected is enough to rejuvenate investor interest.

Lululemon still has a decent long-term investment case. The company has built a loyal customer base, as demonstrated by gross margins above 54% in its latest quarter.

Yes, that's down from over 58% a year ago, but still very strong overall. Lulu also has a new CEO starting on Sept. 8. Improved industrywide sentiment and some newer product lines that excite customers could turn the stock around.

But in the near term, it's hard for me to view the stock favorably heading into earnings, given industrywide trends and the company's recent struggles.

Canada Pension Plan Investment Board acquired a new position in Envista Holdings Corporation (NYSE:NVST – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 191,353 shares of the company’s stock, valued at approximately $5,042,000. Canada Pension Plan Investment Board owned about 0.12% of Envista at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. GSA Capital Partners LLP bought a new position in Envista in the second quarter valued at $2,039,000. Pzena Investment Management LLC bought a new stake in Envista during the second quarter worth about $30,494,000. Dimensional Fund Advisors LP boosted its holdings in shares of Envista by 1.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,780,948 shares of the company’s stock worth $248,130,000 after purchasing an additional 152,488 shares in the last quarter. SummitTX Capital L.P. purchased a new stake in Envista in the first quarter worth approximately $4,268,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Envista by 36.8% in the 1st quarter. Principal Financial Group Inc. now owns 483,983 shares of the company’s stock valued at $12,279,000 after purchasing an additional 130,237 shares in the last quarter.

Wall Street Analysts Forecast Growth A number of brokerages have issued reports on NVST. JPMorgan Chase & Co. raised their price target on shares of Envista from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings raised Envista from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Zacks Research raised shares of Envista from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Wall Street Zen raised Envista from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 22nd. Finally, Morgan Stanley set a $23.00 target price on shares of Envista in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.31.

Check Out Our Latest Stock Analysis on NVST Envista Stock Performance NYSE NVST opened at $27.15 on Monday. Envista Holdings Corporation has a twelve month low of $18.77 and a twelve month high of $30.42. The business has a 50-day moving average price of $27.12 and a 200-day moving average price of $26.35. The company has a quick ratio of 2.07, a current ratio of 2.43 and a debt-to-equity ratio of 0.47. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 46.81, a price-to-earnings-growth ratio of 1.29 and a beta of 0.86.

Envista (NYSE:NVST – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.07. The firm had revenue of $730.50 million during the quarter, compared to analyst estimates of $716.11 million. Envista had a net margin of 3.33% and a return on equity of 7.88%. Envista’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share. Envista has set its FY 2026 guidance at 1.500-1.550 EPS. As a group, equities research analysts predict that Envista Holdings Corporation will post 1.53 EPS for the current fiscal year.

Insider Activity at Envista In related news, SVP Mischa Reis sold 8,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $27.50, for a total value of $220,000.00. Following the completion of the transaction, the senior vice president directly owned 27,321 shares of the company’s stock, valued at approximately $751,327.50. This trade represents a 22.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.99% of the company’s stock.

About Envista (Free Report)

Envista Holdings Corporation is a global dental products company that develops, manufactures and markets a broad portfolio of dental consumables, equipment and technology solutions. Headquartered in Brea, California, Envista serves dental practitioners, specialists and laboratories in more than 150 countries. The company’s offerings span implant, orthodontic, endodontic and restorative product lines as well as digital imaging systems and practice management software.

Envista’s product brands include Nobel Biocare for dental implants and restorative solutions, Ormco for orthodontic appliances and treatment systems, Kerr for restorative and endodontic materials, KaVo for dental imaging and handpieces, and Vista for surgical drills and instruments.

See Also Five stocks we like better than Envista Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally Rubrik’s AI Security Bet Could Power the Next Leg Higher Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against? Want to see what other hedge funds are holding NVST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Envista Holdings Corporation (NYSE:NVST – Free Report).

Receive News & Ratings for Envista Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Envista and related companies with MarketBeat.com's FREE daily email newsletter.

The USDC Treasury minted 130,724,040 USDC, valued at approximately $130.76 million, in a single transaction tracked by on-chain monitoring service Whale Alert. The mint is one piece of a much larger wave of issuance: Circle executed roughly $5 billion in gross USDC minting during the week ending August 26, 2026.

What is actually happening when USDC gets minted An institution deposits dollars into a Circle reserve account, Circle verifies the funds, and new USDC tokens are created on-chain in an equivalent amount. Circle backs every USDC token with reserves held predominantly in short-duration US Treasuries and cash equivalents. Total reserves currently sit at around $74 billion, comfortably covering the circulating supply of just over $73 billion.

Advertisement

Solana has emerged as the primary destination for new supply. Multiple individual minting events of $250 million each occurred on the network during the same week, combining to roughly $1.25 billion minted on Solana alone.

Why institutions keep reaching for on-chain dollars Hyperliquid offers a concrete example. Circle plays a technical support role for Hyperliquid’s $5 billion USDC reserve, meaning that platform alone represents a meaningful slice of total circulating supply.

What a $73B circulating supply means for the broader market USDC crossing $73 billion in circulating market cap represents a sustained expansion of dollar liquidity available inside crypto markets. From a competitive standpoint, USDC’s growth trajectory keeps it in a direct contest with Tether’s USDT for dominance in the stablecoin market. Circle’s decision to concentrate new issuance on Solana is also worth watching as a signal about which blockchain ecosystems institutional capital views as viable infrastructure. The $5 billion weekly gross issuance figure suggests that inflow is not a one-week anomaly but part of a durable trend worth tracking through on-chain data as the year progresses.

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

Monero ($XMR) has posted its strongest monthly performance in more than four years, gaining over 45% in August 2026 and rising roughly 10% in a single 24-hour window. The last time the privacy-focused cryptocurrency delivered a comparable monthly gain was April 2021.

THORChain 3.20 Brings Native XMR Swaps The rally coincides with a significant protocol upgrade from THORChain. The timing matters:

That is a notable shift for Monero holders in particular.

Derivatives Market Signals Strong Demand The price action has been accompanied by a sharp move in derivatives markets. during the move, a dynamic that can amplify upward price momentum as bearish bets are forcibly closed.

The THORChain upgrade offers a structural reason for renewed interest beyond short-term speculation. A decentralized, non-custodial alternative for XMR swaps could help sustain demand if that trend continues.

Sources:
THORChain 3.20 Unlocks Native Monero and Zcash Swaps (TradingView / Chainwire)
THORChain Upgrade Enables Native Monero Swaps, Boosting XMR (Crypto Briefing)
Monero Price Pushes Above $500 as Privacy-Driven Focus Intensifies (The Coin Republic)

Key Takeaways BOOT's work boots delivered high-single-digit comparable sales growth, its strongest pace in several years.Both Pull-On and Lace-Up styles grew, supported by new third-party brands and deeper product investments.Work apparel reached high-single-digit growth in July, with gains spanning both FR and non-FR products. Boot Barn Holdings, Inc. (BOOT - Free Report) reported continued acceleration in its work business following efforts to reinvigorate the category last year. The company improved in-store merchandising, increased its marketing focus on the work business and invested in key third-party brands to strengthen its assortment for work customers. Management cited these initiatives as part of the progress seen in the category.

The work boots business delivered high-single-digit comparable sales growth in the first quarter of fiscal 2027. This marked the fifth consecutive quarter of growth for the category and represented its strongest growth in the past few years. The performance also reflected the continued acceleration management has seen in the work business.

Management said that the high-single-digit growth in work boots was supported by both Pull-On and Lace-Up styles. Lace-Up boots performed more strongly, but growth was not limited to a single product type. Management also noted that the category's performance was not being driven by oil-related demand. New third-party brands and a broader assortment of successful products from existing third-party brands also supported the category.

The work apparel business continued to show improving momentum, with comparable sales strengthening over the last couple of quarters and reaching high-single-digit growth in July. Performance included both Flame Resistant (FR) and non-FR products, which management described as appearing broad-based across the work apparel assortment rather than being driven by a single product category.

Overall, Boot Barn's work category continued to demonstrate positive momentum, supported by changes to merchandising, marketing and product assortment, as well as resilient demand from its needs-based customers. Management also said it expects the strength in its third-party work boots business to continue, although the transcript does not provide a specific forecast for the future growth rate of the overall work category.

Zacks Rundown for BOOTBoot Barn’s shares have lost 8.8% in the past three months compared with the industry’s decline of 6.2%.

Image Source: Zacks Investment Research

From a valuation standpoint, Boot Barn trades at a forward price-to-earnings ratio of 16.29, higher than the industry’s average of 13.20. BOOT presently carries a Zacks Rank #2 (Buy).

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for BOOT’s current and next fiscal-year earnings implies year-over-year rallies of 22.6% and 10.5%, respectively.

Image Source: Zacks Investment Research

Other Stocks to ConsiderSome other top-ranked stocks have been discussed below:

Victoria’s Secret & Co. (VSXY - Free Report) operates as a specialty retailer of women's intimate apparel and other apparel and beauty products worldwide. At present, VSXY sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for VSXY’s current fiscal-year sales and earnings implies growth of 9.2% and 57%, respectively, from the year-ago figures. VSXY has delivered a trailing four-quarter earnings surprise of 81.9%, on average.

FIGS, Inc. (FIGS - Free Report) operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. At present, FIGS carries a Zacks Rank of 2.

The Zacks Consensus Estimate for FIGS’s current fiscal-year sales and earnings implies growth of 18.2% and 89.5%, respectively, from the year-ago figures. FIGS has delivered a trailing four-quarter earnings surprise of 201.8%, on average.

Fossil Group, Inc. (FOSL - Free Report) designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. At present, FOSL carries a Zacks Rank of 2.

The Zacks Consensus Estimate for FOSL’s current fiscal-year sales indicates a decline of 4%, while the same for earnings indicates growth of 96.7% from the year-ago figures. FOSL delivered a trailing four-quarter negative earnings surprise of 236.2%, on average.