Tron Inc. koupila dalších 151 976 TRX a zvýšila své zásoby na více než 705,3 milionu tokenů. TRX se mezitím drží v pásmu 0,314 až 0,335 USD a při průrazu může mířit na 0,364 USD.
TRON (TRX) is maintaining a critical support zone, with market observers highlighting the potential for a bullish reversal if buyer momentum persists. Tron Inc., the company behind the TRON blockchain, recently increased its TRX holdings, citing confidence in long-term ecosystem growth and asset value.
Price action and key support levelsTRX is currently trading at $0.3231, recording a 24-hour trading volume of $414.65 million and holding a market capitalization of $30.65 billion. The coin has shown relative stability over the last day, with a price structure that some analysts interpret as a precursor to upward movement if support zones remain intact.
Crypto analyst Umair Orakzai stated that TRX is approaching a critical support area within its established range, offering opportunities for buyers to retain influence over price action. The price has been consolidating in a channel between $0.314 and $0.335.
A move above this range could accelerate bullish momentum, potentially targeting $0.364 as the next resistance level. On the other hand, a breakdown below the lower boundary would prompt TRX to test its previous support, with traders watching for possible reversal signals. Should further declines persist, analysts expect the token to reach what is referred to as the ‘Golden Pocket,’ often seen as a robust area for a price reaction.
Mini dictionary: Golden Pocket, a term used in technical analysis describing a price range, typically between the 0.618 and 0.65 Fibonacci retracement levels, where strong support or resistance is expected.
Analyst Umair Orakzai has pointed out that if buyers hold the $0.314 to $0.335 range, a breakout could drive TRX towards its next target near $0.364, cementing bullish sentiment in the market.
Price ZoneRole$0.314-$0.335Support/Trading Range$0.364Next Resistance TargetTron Inc. increases TRX holdingsTron Inc. has confirmed that it recently acquired an additional 151,976 TRX tokens at an average price of $0.3290 per token, bringing the firm’s total TRX reserves above 705.3 million tokens. The company has stated that growing its treasury in TRON Digital Asset Treasury (DAT) remains a key objective, aiming to deliver future value for shareholders through the accumulation of strategic assets aligned with the TRON ecosystem.
Mini dictionary: Tron Inc., developer and operator of the TRON blockchain ecosystem, is known for its focus on decentralized applications, smart contracts, and digital asset management, serving as the central entity for project governance and development.
According to the company, ongoing accumulation reflects its positive outlook for the TRON network’s long-term prospects. Institutional confidence through such purchases is often interpreted as a vote of support for the stability and future growth of an ecosystem.
Tron Inc. emphasized that increasing their holdings in the Tron Digital Asset Treasury is a key strategy intended to generate value for shareholders and demonstrate trust in the network.
Market trend and outlookDespite the accumulation by Tron Inc. and positive price predictions, the broader market trend remains a headwind for TRX. A sideways movement in the price of Bitcoin has tempered gains across most altcoins, including TRON.
TRX traders are closely monitoring the support zone to gauge near-term direction. Should buyers maintain this level, the price could challenge the $0.364 resistance with renewed bullish pressure. However, a drop below support may trigger significant selling as technical traders adjust their positions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cronos spustil nativní $USDC, $EURC a Circle CCTP, čímž se stal prvním blockchainovým ekosystémem s těmito třemi produkty současně. Integrace má zjednodušit přesuny stablecoinů napříč řetězci.
Cronos, an EVM-compatible L1 chain, launched $EURC, $USDC, and the Cross-Chain Transfer Protocol (CCTP) of the U.S.-based fintech entity Circle. The rollout denotes a notable landmark for the network as it readies for the Cronos app’s upcoming debut. As Cronos disclosed in its official announcement, it is the earliest blockchain ecosystem to unveil all 3 Circle-backed products at the same time. The respective integration is poised to deliver consumers, institutions, and developers with seamless access to fully compliant stablecoin infrastructure.
Cronos Natively Incorporates $USDC and CCTP to Bolster Infrastructure The launch of $EURC, $USDC, and the CCTP protocol of Circle on the Cronos network highlights a key move. The integration is set to provide institutions, developers, and consumers with streamlined access to compliant stablecoin infrastructure. Additionally, the move focuses on simplifying transfers across chains and supporting a wider range of notable financial apps across the ecosystem.
Simultaneously, the launch is associated with the Cronos app’s development. It is a mobile-first trading entity developed through the Cronos blockchain with notable support from Crypto.com. Specifically, the application is anticipated to permit consumers to efficiently trade their tokenized stocks, prediction market assets, and cryptocurrencies from one account. Additionally, the platform is poised to provide almost 10x buying power, availability in over 183 jurisdictions, and round-the-clock market reach.
Apart from that, native $USDC is set to play the role of a central settlement asset operating in the Cronos app. Following the launch of the platform, consumers will get the capability to deposit their $USDC tokens and use an inclusive balance for the trading of diverse asset classes. Each of the transfers on the platform will witness its settlement in $USDC, marked by redeemability for U.S. dollars on a 1:1 ratio.
Accelerating Worldwide Stablecoin Adoption According to Cronos, a critical element of this development is the inclusion of the Cross-Chain Transfer Protocol (CCTP) of Circle. The protocol allows consumers to shift $USDC between compatible blockchain ecosystems without depending on 3rd-party bridges or wrapped tokens. With this mechanism, consumers will get the ability to transact $USDC from over 20 compatible chains to Cronos. Additionally, $EURC’s integration further broadens the platform’s stablecoin offerings. Overall, with the merger of native $EURC, $USDC, and CCTP integration, Cronos focuses on elevating its position as a prominent blockchain ecosystem for compliant digital asset operations and worldwide financial innovation.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
BonkDAO přišel o přibližně 20 milionů USD poté, co útočník s nákupem BONK za asi 4,4 milionu USD prosadil návrh při nízké účasti voličů. Stejný typ „apathy attack“ už dříve zasáhl i Compound.
Someone just walked into BonkDAO, spent roughly $4.4 million on tokens, and walked out with approximately $20 million from the treasury. Not by hacking smart contracts. Not by finding a zero-day exploit. By simply showing up to vote when nobody else did.
Welcome to the era of the “apathy attack,” a term coined by Dr. NickA (Nick Almond), Head of Governance at Jito Foundation, to describe a governance exploit pattern that has now hit DAOs from Compound to BonkDAO. The vulnerability isn’t in the code. It’s in the community.
How the BonkDAO attack unfolded On July 6, 2026, an attacker acquired enough BONK tokens to surpass the DAO’s 1% quorum requirement. Only about 2.9% of total participants actively voted on the malicious proposal, spread across just 7 wallets. The proposal passed and drained roughly 4.43 trillion BONK tokens, valued at approximately $20 million, from the treasury.
Post-attack, the stolen tokens were reportedly moved into a newly established “BONK 2.0” multisig DAO controlled by the attacker and their associates.
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The irony is thick: BonkDAO specifically set its quorum at 1% as a measure to deter apathy by making governance participation easy. Instead, the low threshold made governance capture trivially cheap.
Compound’s earlier warning shot Compound, one of DeFi’s most established lending protocols, faced its own governance crisis back in July 2024. Declining voter participation created the conditions for a similar exploit pattern, where proposals could be pushed through without meaningful community consensus. The incident was serious enough that Compound established the Compound Governance Working Group specifically to boost engagement and prevent future attacks.
Dr. NickA has drawn a direct line between these incidents, framing them as part of the same systemic vulnerability. The attack vector doesn’t target code. It targets disengagement. Historical data on DAO voter participation paints a grim picture. Turnout across token-weighted DAOs can dip below 10%, and in some cases falls as low as 0.1% to 3%.
The governance paradox The BonkDAO attack is especially instructive because the $4.4 million spent to acquire tokens yielded roughly $20 million in stolen assets. That’s nearly a 5x return on a governance exploit.
Some protocols have experimented with alternative models. Quadratic voting, conviction voting, and delegate systems all attempt to solve different aspects of the participation problem. But none have achieved widespread adoption, and the dominant model remains one-token-one-vote with fixed quorum thresholds.
What this means for investors Traders and investors evaluating DAO-governed protocols should be paying close attention to governance participation metrics. A protocol with consistently low voter turnout and a large treasury is essentially advertising its vulnerability. The ratio of treasury size to quorum cost becomes a rough measure of exploit profitability.
The emergence of “BONK 2.0” as an attacker-controlled entity adds another wrinkle. If stolen governance tokens can be reorganized into new structures that claim legitimacy, the attack doesn’t just drain a treasury. It fragments a community. Recovery becomes a legal, social, and technical challenge all at once.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Nvidia vykázala v posledním čtvrtletí 85% meziroční růst tržeb, přesto se obchoduje za 32násobek zisku. Analytici čekají zpomalení růstu tržeb na 41 % ve fiskálním roce 2028.
The current state of Nvidia's stock (NVDA 2.43%) makes little sense on the surface. Despite reporting 85% yearly revenue growth in its latest quarter, the stock sells for just 32 times earnings, the same as the S&P 500's average P/E ratio.
Some of that may have to do with the gains of nearly 1,700% since the fall of 2022, or the implied growth limitations of its $5.1 trillion market cap when considering the law of large numbers. However, another possible explanation is the unprecedented spending on AI and the historical tendency for such spending sprees to end in disaster.
Admittedly, investors do not know whether the ghosts of events past are hampering the present growth of the chip stock. Still, even if it is true, should investors care? Let's take a closer look.
Image source: Nvidia.
Historical precedent and Nvidia Indeed, this historical precedent is not one investors should dismiss. Experienced investors might remember how the internet spending boom of the late 1990s and early 2000s gave way to the dot-com bust. Looking further back, the boom in automobile spending in the 1920s ended with the Great Depression.
Big tech's AI spending seems reminiscent of such spending sprees. Key hyperscalers pledged to spend $725 billion on capital expenditures (capex) alone. Much of that spending has gone to Nvidia hardware, as the company generated $81.6 billion in revenue in the first quarter of fiscal 2027 (ended April 26).
Also, analysts forecast an 82% revenue surge for fiscal 2027, though they also predict growth slowing to a 41% revenue increase for fiscal 2028.
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One has to assume that the AI boom will not go on forever, and that slower growth could be a sign of further slowing in later years.
However, Nvidia's massive size may partially explain that slowdown, as the higher percentage gains are more difficult to sustain as enterprises grow larger.
Additionally, Nvidia's forward valuation of 24 makes it appear too cheap to ignore, and the forward one-year P/E ratio of 17 would arguably seem reasonable even in an AI bust. Thus, even if slowing growth causes a pullback, the decline would likely not be long-term.
Should investors stay with Nvidia? Amid its growth and valuation, investors should not worry about history undermining the Nvidia investment thesis.
From what is known about the history of boom cycles, investors should assume that the AI boom will end at some point and should invest accordingly.
Nonetheless, the current state of Nvidia appears to insulate the stock from such an occurrence. Investors should expect slower growth after fiscal 2027, though revenue growth appears robust for as far as one can reasonably predict.
Moreover, Nvidia's forward multiples are so low that they already seem to factor in such a slowdown. Although investors should not rule out the possibility of a near-term pullback and less stock price appreciation than in the past, Nvidia should remain safe even if the history of tech boom cycles points to pain later.
Nvidia najala z Microsoftu Nicka Parkera, který od příštího měsíce povede globální prodej po odchodu Jaye Puriho do důchodu. Firma tím signalizuje další fázi růstu v AI.
Nick Parker, Nvidia's incoming executive vice president of Worldwide Field Operations. Bloomberg/Getty Images Nvidia is ushering in a new era for its global sales organization.
In June, Jay Puri — the chip giant's head of worldwide field operations, and a billionaire who served in Nvidia CEO Jensen Huang's inner circle — told the company he is retiring after 21 years. He will transition to an advisory role.
To replace him, Nvidia looked outside its ranks — something of an unorthodox move for a C-Suite synonymous with long tenures, internal promotions, or executives coming in from acquisitions.
Nick Parker, a 26-year Microsoft veteran, joins Nvidia next month. Most recently, he served as executive vice president and chief business officer of Microsoft's worldwide sales and solutions organization.
Prior to his departure from Microsoft, Business Insider learned that Parker had just accepted a role leading its new $2.5 billion Microsoft Frontier Company, which connects 6,000 engineers and industry experts with its customers to help with AI. The role included a CEO title and a bigger head count than Parker's previous role, according to people familiar with the matter.
Per a securities filing, Parker's pay package at Nvidia includes $40 million in stock awards, a $5 million signing bonus, and a $1 million annual base salary.
The hire signals to Wall Street that Nvidia isn't "resting on its laurels" as the dominant AI chipmaker and is eyeing its next chapter of growth, said David Nicholson, chief technology advisor at The Futurum Group.
Puri steered Nvidia's global sales during its rise from a graphics card company into the world's dominant AI chip maker.
Parker inherits a different challenge. Rather than selling more AI chips, Nvidia needs to help customers successfully deploy AI — a job well suited to someone who spent 26 years selling enterprise technology at Microsoft.
Parker also brings deep relationships with governments, cloud providers, and other partners, said Brad Gastwirth, the global head of research and market intelligence at Circular Technology.
As Nvidia pushes deeper into business software, it faces a familiar challenge: helping large, highly regulated companies move from buying AI infrastructure to deploying it.
Earlier this year, Business Insider reported that Nvidia sales executives discussed how Bank of America struggled to deploy the chip giant's AI Factory software, highlighting common hurdles across industries.
Microsoft declined to comment. Nvidia did not respond to a request for comment from Business Insider.
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Geoff Weiss You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Geoff Weiss is a senior reporter on Business Insider’s tech team, where he writes about AI startups and Y Combinator, the intersection of AI and the media industry, and workplace dynamics within top AI labs and chip companies.Previously, Geoff was on the media desk, covering YouTube and Netflix, and themes like the intersection of Hollywood and the creator economy. His work on Netflix’s video podcasting ambitions and Mr Beast’s lessons for Hollywood won second and first prize, respectively, at the 2025 LA Press Club Awards.Prior to joining Business Insider, Geoff was the senior editor of Tubefilter and a staff writer at Entrepreneur. He graduated from New York University with a degree in English Literature.He can be reached at [email protected], on Signal @geoffweiss.25, and on LinkedIn. Have a tip? Use a personal email address and a nonwork device; here's our guide to sharing information securely.Selected stories:Nvidia crushed its quarter — and CEO Jensen Huang said in a leaked all-hands that 'the market did not appreciate it'Nvidia will foot the bill for Trump's new visa fees. Here's what CEO Jensen Huang told staff.Massive AI salaries and RTO are fueling a real estate boom in San Francisco: 'It's going to rain money'The AI talent wars are ricocheting across startups. Here's how they're competing with Big Tech.
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Představenstvo PayPalu považuje nabídku na převzetí od Stripe a Advent International v hodnotě 53 mld. USD za nedostatečnou. Návrh oceňuje akcie na 60,50 USD za kus.
Představenstvo společnosti PayPal údajně považuje společnou nabídku na převzetí od firmy Stripe a investiční skupiny Advent International v hodnotě 53 mld. USD za nedostatečnou. Předložený návrh oceňuje akcie PayPal na 60,50 USD za kus. Vedení PayPalu je však přesvědčeno, že tato částka podhodnocuje potenciál budoucího obratu společnosti a že samotná transakce čelí regulačním i finančním překážkám.
Společnost PayPal prozatím na nabídku oficiálně nereagovala a očekává se, že její představenstvo bude o tomto návrhu nadále jednat.
Akcie PayPal Akcie PayPal (PYPL) v předburzovní fázi obchodování klesají o 2,08 % na 55,55 USD.
Zdroj: Reuters
Michal Šnobl
Fio banka, a.s.
Prohlášení
Související odkazy Americké akcie otevírají na růstové vlně, výsledková sezóna pokračuje druhým dnem Stripe a Advent chtějí údajně koupit PayPal za více než 53 mld. USD (+pohledy analytiků) PayPal zveřejnil výsledky za 1Q: Nový CEO sází na AI, výhled ale sráží slabší Evropa a cestovní ruch PayPal údajně nejedná o svém prodeji se společností Stripe ani s nikým jiným Akvizici PayPalu údajně zvažuje společnost Stripe
PancakeSwap za první polovinu roku 2026 překročil kumulovaný objem obchodů 4,2 bilionu USD a 190 milionů uživatelů. CAKE zároveň zůstal 34. měsíc po sobě deflační.
The first half of 2026 was about building and shipping. We brought real-world assets (RWAs) onchain at scale, put AI into the DeFi experience, launched a brand-new Perpetuals with an orderbook engine, and kept CAKE deflationary for a 34th consecutive month.
This mid-year Kitchen Report: PancakeSwap crossed $4.2 trillion in cumulative trading volume, surpassed 190 million all-time users, and landed at #6 on Fortune's inaugural Crypto 100, while becoming one of the largest onchain venues for real-world assets anywhere.
Let's get into it.
Tokenized Real-World Assets on PancakeSwap We've now built a Tokenized Stock Terminal — stocks, ETFs, bonds, gold, dividend-bearing stablecoins, and even pre-IPO exposure — trading around the clock, with zero trading fees, MEV protection, and best-execution routing. Our new Stock page lets you trade all 500+ tokenized assets 24/7 onchain in one place, while serving up the fundamentals of each underlying asset — revenue, EPS, market cap, next earnings and 52-week range.
bStocks bStocks, from Binance, are 1:1-backed tokenized U.S. securities — real shares held in custody, tradable onchain 24/7 with zero fees. They went live on PancakeSwap, on BNB Chain and have grown to 35+ assets, including NVIDIA, Tesla, Circle, Microsoft and Meta, each verifiable 1:1. And they don't just trade — they earn: the SPCXB–USDT farm lets you add liquidity and stack rewards on top of your tokenized-SpaceX exposure.
Ondo Ondo Finance anchors the catalogue with 440+ tokenized U.S. stocks, ETFs and bonds via Ondo Global Markets. Flagship names like SPYon (S&P 500), QQQon (Nasdaq 100), NVDAon and TSLAon trade 24/7 — weekends and holidays included.
xStocks xStocks widens the menu with 130+ tokenized stocks and ETFs — from blue chips to major ETFs. All trade across BNB Chain and Ethereum, gasless and MEV-protected through PancakeSwap X.
Robinhood Robinhood stock tokens round out the lineup, live on Robinhood Chain. 95 tokenized assets are now tradable onchain through PancakeSwap, bringing one of TradFi's most recognizable retail brands into the mix.
More Than Stocks Beyond equities: gold went onchain via XGLD–XAUt (BNB Chain, with Unitas Labs) and USDC–XGLD (Base); dividend-bearing stablecoins apxUSD and apyUSD — the first backed by Digital Asset Treasury preferred equity, via Apyx, launched on Base; and pre-IPO exposure went live via Colb.
Powered by PancakeSwap X PancakeSwap X is the engine under the RWA offerings — gasless, MEV-protected execution with best-price routing. It powers tokenized assets across BNB Chain and Ethereum, and to date has handled $834M+ in volume across 102,000+ trades from 33,500+ swappers.
Altogether, tokenized assets, spanning bStocks, Ondo, xStocks and Robinhood across PancakeSwap X and the AMM, crossed $100M+ in cumulative volume by mid-year, with 31,000+ users and 200,000+ trades.
The AI Kitchen: Agents, Skills & Copilots We put AI across the PancakeSwap ecosystem with rails for autonomous agents, and an assistant in the products where decisions get made.
AI Skills: a modular toolkit that lets AI agents plan DeFi strategies across multiple chains, including Swap, Liquidity and Farming Planners at launch, grown to seven Skills. It works with any LLM agent that reads Markdown, including Claude, Cursor and Copilot.
BNB Agent Studio: PancakeSwap is a launch partner in BNB Chain's Agent Studio, which lets anyone deploy an autonomous onchain agent in minutes, with PancakeSwap as the deep, live venue those agents trade on.
AI where you trade: Chef AI answers anything across the ecosystem, and an AI Copilot on Perps reads the market and pre-fills your direction, size and stops.
A Brand-New Perpetuals Engine We rebuilt PancakeSwap Perps — simple enough for a first trade, powerful enough for your best one. Powered by Aster's order-book infrastructure, the new Perps deliver pro-grade execution with a full order book, up to 200x leverage, and one-tap trades in Simple Mode (it’s a piece of cake), all fully onchain and non-custodial. An AI Copilot makes it smarter still, and a new Portfolio page tracks tokens, Perps positions, and LP history in one view.
PancakeSwap on Base On Base, PancakeSwap has become a default venue for traders and LPs.
The DEX mini-app went live inside the Base App — swap, earn and explore without leaving the experience, with the Base CAKE.PAD mini-app alongside it, meeting millions of users where they already are.
Base on PancakeSwap crossed $100B in cumulative volume and now sits at $113B+, across 3.7M+ traders and 185M+ transactions, powered by top-volume pairs like cbBTC–WETH, WETH–USDC and cbBTC–USDC.
The Deflation Engine: CAKE Tokenomics The first half of 2026 extended PancakeSwap's streak to 34 consecutive months of net supply reduction (every month since September 2023) with cumulative burns now past 56 million CAKE. CAKE's total supply now stands at 335M, well below the 400M hard cap.
You can track every burn live on the Burn Dashboard.
Milestones & Recognition $4.2 trillion in cumulative trading volume across the ecosystem — 190M+ users and 10+ chains, led by BNB Chain, Base, and Arbitrum. $4 trillion on BNB Chain — cementing it as PancakeSwap's anchor chain and one of the most-used DeFi venues globally. Base crossed $100B — with 3.7M+ traders and 185M+ transactions. PancakeSwap Infinity crossed $100 billion in cumulative volume and marked its first full year with 350M+ transactions, 60K+ hooked pools #6 on Fortune's inaugural Crypto 100 — among the highest-ranked DeFi names, with Fortune noting PancakeSwap's significant share of the DEX market in 2025. CAKE added to Binance Proof of Reserves — letting anyone verify 1:1 backing of user assets. Community PancakeSwap took DeFi offline with five meetups across five markets, 600+ attendees, 1,300+ sign-ups:
→ Ho Chi Minh City: with @base_vietnam — DeFi builders, IRL.
→ São Paulo: with @SuperteamBR, @ParaBuilders & @Tangem — talks, giveaways, & merch.
→ Hong Kong: we turned a real pancake house into the @cnBaseCommunity embassy — plus a booth at the @BNBCHAIN Super Meetup and the HK Web3 Festival floor. Five days, thousands of people.
→ Seoul: South Korea's first @base Agent Hackathon, built on PancakeSwap AI Skills and Chef Philip judging.
→ Jakarta: with @baseindo — crypto × AI on Base, DeFi, and goodies.
→ Bandung: a packed house with @BinanceAcademy Indonesia — DeFi sessions, merch, USDT prizes.
New ambassadors joined from Japan and South Korea, Philippines, Malaysia and Thailand, and 3 new Telegram communities launched for Malaysia, the Philippines and Thailand. PancakeSwap also hit the stage at Consensus Hong Kong and the HK Web3 Festival.
What's Cooking Next PancakeSwap is now set to be the liquidity hub for onchain trading. The deep, reliable hub where any asset can be traded onchain, and where liquidity is dense enough that traders get the best price in DeFi.
The throughline is that all of it stays onchain: self-custodied, transparent, and permissionless. Deeper liquidity, more assets, smarter tools, one onchain home for trading.
PancakeSwap zveřejnil jako open source referenčního AI agenta pro vypořádání objednávek a intentů podle ERC-8183 na BNB Agent Studio. Agent směruje swapy přes agregační vrstvu PancakeSwap a má kontrolu skluzu i atomické transakce.
DeFi infrastructure just got a new building block. PancakeSwap has open-sourced a reference AI agent designed for ERC-8183 order and intent settlement, deploying it through BNB Chain’s newly launched Agent Studio platform.
The timing matters: BNB Agent Studio went live on July 1, 2026, and PancakeSwap is one of its first major protocol integrations.
What the ERC-8183 agent actually does Think of ERC-8183 as the instruction layer for AI agents operating on-chain. When a user submits a swap intent, the agent intercepts it, routes it through PancakeSwap’s aggregation layer, and delivers output tokens directly to the client’s wallet.
The implementation is not a casual proof-of-concept. Execution controls include slippage limits, atomic transaction requirements, meaning the swap either completes fully or reverts entirely, and execution deadlines capped at five minutes. The agent also operates against a predefined token safelist, so it cannot be coerced into routing through arbitrary or unvetted assets.
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Stablecoins fund the agent’s own operating costs through the x402 payment process, which handles agent self-funding without requiring manual top-ups.
All swap routing runs exclusively through PancakeSwap’s aggregation layer. That is a deliberate architectural choice, not a limitation. It gives the agent a consistent, auditable execution path rather than exposing it to unpredictable third-party routing logic.
BNB Agent Studio: the infrastructure behind the agent BNB Agent Studio is the platform making all of this deployable at speed. Using AWS Bedrock as the underlying compute layer, the studio is designed to get an AI agent from prompt to production in roughly 15 minutes.
On-chain identity management runs through ERC-8004, a separate standard that handles agent identification and credentialing. Combined with ERC-8183 for task execution, the two standards form the backbone of BNB Chain’s emerging agent framework.
The BNBAgent SDK, which supports the entire framework, reached testnet in March 2026 and moved to mainnet by May 2026. The July 1 Agent Studio launch was the public-facing layer built on top of that foundation.
Automated wallet provisioning is built into the studio, so developers do not need to manually configure signing infrastructure before deploying an agent. The interface accepts single-prompt inputs in environments like Cursor or Claude Code, lowering the barrier for developers who are not blockchain specialists.
Why this matters for DeFi traders and investors PancakeSwap’s open-sourced reference implementation gives developers a production-ready template that handles swap intents, manages execution risk, and routes trades through its aggregation layer.
The practical use cases the integration is designed to enable include range rebalancing and yield optimization. An agent that can handle atomic swaps with sub-five-minute deadlines and hardcoded slippage controls is suited for those tasks. For liquidity providers on PancakeSwap’s V3 pools, automated range rebalancing means positions can stay in-range without constant manual intervention.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana Foundation a Google Cloud v Jižní Koreji pořádají hackathon zaměřený na AI agenty, kteří budou autonomně platit za služby v USDC na Solaně. Akce navazuje na Pay.sh, které umožňuje platby bez lidského zásahu.
Solana Foundation and Google Cloud are teaming up for a hackathon in Korea focused on building AI agents that can make autonomous payments. The collaboration sits at the intersection of AI and stablecoins, backed by enterprise infrastructure from both organizations.
The event builds on an increasingly tight relationship between the two organizations, one that recently produced Pay.sh, an API proxy designed to let AI agents autonomously pay for Google Cloud services using stablecoin micropayments on the Solana blockchain.
What Pay.sh actually does Pay.sh sits between AI agents and Google Cloud’s suite of services, including Gemini, BigQuery, and Cloud Run, letting those agents discover, authenticate, and transact for API access without a human ever stepping in.
In English: an AI agent needs to run a query on BigQuery. Instead of requiring someone to log in, enter a credit card, and approve the charge, Pay.sh lets the agent pay for exactly what it uses with USDC on Solana. Pay as you go, no human middleman required.
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The system leverages Solana’s high throughput and low transaction costs, which makes micropayments economically viable in a way they simply aren’t on slower, more expensive chains. A fraction-of-a-cent payment for a single API call doesn’t work if the transaction fee costs more than the service itself.
The hackathon ecosystem The Korean hackathon carries the theme “Build the Future of Agentic Commerce,” and it’s part of a broader push by both organizations to seed developer interest in autonomous agent infrastructure.
It’s not the first time Solana has targeted Korea specifically. In April 2025, Solana Super Team Korea collaborated with Google Cloud for the Seoul Lana Hackathon, establishing a regional footprint that this latest event builds upon.
Running in parallel is the Solana X402 Hackathon, a remote event scheduled from October 28 to November 11, 2025, with a prize pool of $135,000. Participants can earn up to $20,000 per track for projects that support x402 integrations, which is the payment protocol underpinning how agents discover and pay for services autonomously.
Previous Solana hackathons have featured tracks for DeFi agents and token tooling, with total prizes exceeding $250,000 across events.
Why this matters for the stablecoin economy The real story isn’t the hackathon itself. It’s what the hackathon is designed to produce: a developer ecosystem around machine-to-machine stablecoin payments.
If AI agents start autonomously consuming cloud services and paying in USDC on Solana, that’s a new source of persistent, programmatic stablecoin velocity. Not speculative trading volume, not one-off remittances, but ongoing commercial activity baked into software architectures.
Solana is positioning itself as the default settlement layer for this economy. Sub-second finality and transaction costs measured in fractions of a penny make it practical for the kind of micropayments that agent commerce requires.
The Google Cloud partnership adds enterprise legitimacy. When a company that controls roughly a third of the global cloud infrastructure market co-signs your payment protocol, it sends a signal to CTOs and procurement teams that this isn’t a science experiment.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
BP a ConocoPhillips chystají v Iráku nové investice v řádu miliard dolarů, zatímco USA tlačí na posílení tamního energetického sektoru. Na summitu ve Washingtonu má padnout přes 60 miliard USD dohod mezi americkými firmami a iráckou vládou.
BP and ConocoPhillips are set to announce billions of dollars of new investments in Iraq on Friday as Washington seeks to bolster the country's energy sector and reduce the region's reliance on routes vulnerable to Iranian disruption, according to people familiar with the plans.
The announcements are expected during the U.S.-Iraq Business Summit in Washington, CNBC's Brian Sullivan told Access Middle East, citing sources. Iraqi Prime Minister Ali Al-Zaidi will meet senior U.S. officials and executives from major energy companies at the summit.
The event is expected to feature more than $60 billion in agreements and memorandums of understanding between U.S. companies and the Iraqi government.
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The investments by BP, ConocoPhillips and other companies will be in billions of dollars, and might even be in tens of billions, the people said. Details of the individual commitments were not immediately available.
The deals come as the U.S seeks to expand investment in Iraq's energy sector, boost the country's oil production and diversify export routes vulnerable to regional disruption.
The Strait of Hormuz handled roughly a fifth of global oil before the war broke out and has become an increasingly important focus for energy markets after renewed tensions between the United States and Iran.
BP has a history in Iraq dating back about a century and has in recent years focused on the giant Rumaila oilfield. In 2025, the company finalized an agreement with Baghdad to redevelop oil and gas resources in Kirkuk, covering the Baba and Avanah domes of the Kirkuk field and the nearby Bai Hassan, Jambur and Khabbaz fields.
Iraq is courting some of the world's largest energy-services and industrial companies as it seeks to expand oil and gas production and accelerate development of its natural gas resources.
Al-Zaidi met representatives from Halliburton, Shell, Honeywell, Weatherford and Baker Hughes in Houston on Thursday, with talks covering investment, technology and potential participation in large energy projects, according to his office.
Spoluzakladatel 1inch Anton Bukov uvedl, že po ukončení aktivní účasti na provozu projektu spouští nové podnikání Second Tier. 1inch tvrdí, že jeho systémy a provoz zůstávají beze změny.
1inch co-founder Anton Bukov says he has fully stepped away from the decentralized finance project’s operations after more than seven years and is now launching a new venture called Second Tier.
Summary
Anton Bukov says 1inch fired him in November 2025 after he pushed for management changes. Bukov says he remains a co-founder and 50% shareholder but no longer oversees company operations. 1inch says Bukov stopped active involvement in December 2025 and insists its systems remain unaffected. Bukov said the company fired him in late November 2025 after he pushed for changes to management and operations.
However, 1inch gave a different account of his recent role. The company said Bukov had not been actively involved in organizations linked to the project since December 2025. Bukov said he remains a co-founder and 50% shareholder but no longer has operational authority.
Bukov says management push ended with his firing In a statement published on X, Bukov said feedback from users and colleagues led him to become more involved in leadership and company operations. He said he spent months working on his leadership and communication approach while trying to change how the organization operated. “In late November 2025 I was fired,” he said.
Bukov also drew a clear line between his ownership position and his current responsibilities. “I no longer take part in the company’s operations,” he said.
He added that he has no role in product architecture or security and no oversight of either area. His statement leaves him as a shareholder and co-founder without a stated day-to-day management role.
1inch says operations and infrastructure remain unaffected 1inch responded on X by saying Bukov had not been actively involved in any associated organizations since December 2025. The statement presents a different timeline for his operational departure but does not change Bukov’s claim that the company dismissed him the previous month. The company has not publicly detailed the internal discussions that preceded the split.
We can confirm that Anton Bukov is no longer contributing to the 1inch project and has not been actively involved in any associated organizations since December 2025.
This does not affect the operation of 1inch Network or any associated organizations. The protocols,…
— 1inch (@1inch) July 16, 2026 Meanwhile, co-founder Sergej Kunz sought to reassure users about the project’s operations. He said Bukov’s departure “is not disrupting, will not disrupt, 1inch Network’s infrastructure or systems.” Kunz remains in charge as the protocol continues developing its trading and liquidity products.
Second Tier becomes Bukov’s next project Alongside his departure statement, Bukov announced Second Tier as his next venture. He said he is building the project with people who share the same values from the start. However, public information about its products, funding and launch schedule remains limited.
The move closes Bukov’s active operating role at a project he co-founded with Kunz in May 2019. During his time at 1inch, Bukov worked on protocol architecture and security, according to his account. The project later expanded from decentralized exchange aggregation into cross-chain trading tools and other DeFi infrastructure.
1inch continues expanding its DeFi products As previously reported by crypto.news, 1inch partnered with Rewardy Wallet in January to provide gasless cross-chain swaps across five blockchain networks through its Swap API. The integration formed part of 1inch’s broader effort to simplify decentralized trading while keeping users in control of their assets.
More recently, the leadership split comes after renewed attention on security across 1inch-linked infrastructure. In May, TrustedVolumes lost about $5.87 million after an attacker targeted its custom RFQ swap proxy. The incident did not affect a standard 1inch user swap route.
Kunz later called for safer lending structures following separate stresses in DeFi markets. Bukov’s latest statement now makes clear that he no longer oversees 1inch product architecture or security, while the company maintains that its systems and ongoing operations remain unaffected by his departure.
Wintrust Financial čeká za 2. čtvrtletí zisk 3,16 USD na akcii a tržby 736,14 milionu USD, což je více než loni. Akcie ve čtvrtek vzrostly o 2,6 % na 166,90 USD.
Wintrust Financial Corporation (NASDAQ:WTFC) will release its second quarter earnings report after the closing bell on Monday, July 20.
Analysts expect the Rosemont, Illinois-based company to report quarterly earnings of $3.16 per share, up from $2.82 per share in the year-ago period. The consensus estimate for Wintrust Financial’s quarterly revenue is $736.14 million. It reported $670.78 million last year, according to Benzinga Pro.
On July 6, Wintrust Financial agreed to acquire Northern Trust’s guardianship services operations.
Wintrust Financial shares gained 2.6% to close at $166.90 on Thursday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying WTFC stock? Here’s what analysts think:
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Šéf Arm Holdings Rene Haas řekl, že AI boom brzdí nedostatek čipů, datových center, energie a kvalifikovaných pracovníků, který může trvat ještě 2 až 3 roky. Zároveň uvedl, že datová centra se mají stát největším segmentem firmy velmi brzy.
The artificial intelligence boom is being held back by what the industry cannot build rather than what customers will not buy, according to Rene Haas, chief executive of Arm Holdings PLC (NASDAQ:ARM), the chip designer.
Haas told CNBC that demand for chips, data centres, energy and skilled workers is running ahead of available capacity, creating a bottleneck he expects to persist for the next two to three years.
He was speaking in an interview at the Pennsylvania Defense and Innovation Summit, hosted by Senator Dave McCormick.
ARM designs the chip architectures that other companies license and manufacture, a position that gives it an unusually wide view of who is trying to build what.
Haas said the company expects its data-centre business to become its largest segment "very soon", overtaking the mobile phone market that built it.
That claim is the more interesting half of the interview.
ARM's designs dominate smartphones, where power efficiency is everything, and the same constraint now governs data centres, where the binding limit is increasingly electricity rather than silicon.
The supply-constrained framing also cuts against the bubble argument that has unsettled markets in recent months.
A bubble is a demand problem in which buyers pay for something they do not need.
A shortage is the opposite, and Haas is describing customers who cannot get what they are already willing to pay for.
Shares fell 5% on the session, an awkward backdrop for a chief executive describing demand as robust.
One reading is that investors are less worried about whether the demand exists than about who captures the value if the bottlenecks are physical, since power stations and skilled engineers are not things a design company can conjure.
Saab ve 2. čtvrtletí překonal odhady zisku i tržeb, tržby dosáhly 25,5 miliardy SEK a nové zakázky 68,4 miliardy SEK. Kniha objednávek stoupla na rekordních 317,7 miliardy SEK.
Swedish defense company Saab beat earnings expectations in the second quarter, as booming demand for military equipment propelled the fighter jet maker to another quarter of record orders backlog.
Shares rose as much as 4.5% in early trading in Stockholm, while other major European defense names were in the red.
New order bookings in the quarter ended June were 68.4 billion Swedish crowns ($7.1 billion), above the FactSet estimates of 57.1 billion Swedish crowns, which included a Polish submarine deal worth 47 billion crowns.
The total backlog amounted to 317.7 billion crowns, up from 197.6 billion a year ago and marking a fifth consecutive quarter of order book growth.
It comes as European governments ramp up defense spending, driving up book orders with the region's companies, in response to Russia's growing threat and invasion of Ukraine.
U.S. President Donald Trump's push to shift the responsibility of defending Europe onto the region's own governments – and his threat to withdraw troops from the continent – has hastened this urgency.
"We operate in a market with structurally growing demand and remain focused on scaling capacity, delivering to customers, and advancing new capabilities," said Saab CEO Micael Johansson in a statement.
Investors are increasingly focusing on companies' ability to execute and deliver, as well as growing order books.
Sales came in at 25.5 billion crowns, beating FactSet estimates of 23.9 billion crowns, while operating profit (EBIT) was 2.8 billion crowns, compared to expectations of 2.4 billion crowns.
Saab, whose products range from Gripen fighter jets and submarines to missiles and advanced electronics, has seen exponential order growth since Russia's full-scale invasion of Ukraine in early 2022.
Earlier this month, NATO Secretary General Mark Rutte said the alliance would order up to 10 spy planes from Saab, in a deal that could be worth nearly $5 billion based on the price of the GlobalEye aircraft.
Even with an ever-growing order book, booming sales, and increasing profitability, Saab stock, like many of its peers, has taken a hit in recent months as investors question whether valuations have run ahead of the industry's ability to deliver.
European defense stocks have fallen this year.
While defense spending remains unequal among European NATO countries, most countries have made progress on increasing the means devoted to military capabilities.
Sweden joined NATO only in 2024, citing Russia's increasing aggression and a shifting geopolitical landscape. Saab's home country has increased defense spending as a share of GDP to 2.5% from 1.2% in 2021, according to SIPRI data.
IBM varuje, že ve 2. čtvrtletí tržby zaostaly za očekáváním a zákazníci přesouvali výdaje do pamětí a úložišť. Akcie letos klesly o 26 % po propadu o 25 % za jeden den.
It's never good when a CEO admits, "This quarter we faltered." But that's the situation facing International Business Machines (IBM +3.87%) this week, as CEO Arvind Krishna made the rare acknowledgment in a letter to shareholders.
Krishna's acknowledgment came as IBM issued preliminary earnings results for the second quarter, warning that sales were lower than anticipated as customers shifted spending away from IBM and into memory and storage products ahead of anticipated price increases. "These conditions require our teams to execute perfectly, and this quarter we faltered," he wrote. "We did not adapt and move quickly enough, and numerous large deals failed to close on the timelines we expected, driving the majority of our shortfall."
IBM stock tumbled 25% -- the worst day in its 115-year history -- and is now down 26% so far in 2026.
Image source: Getty Images.
But remember, IBM stock had been on the rise before this week's disaster; shares were up 35% in 2025 on the strength of its mainframe and server business. It's also a reliable dividend stock, with a 3.1% yield that's far above average for tech stocks, and has increased the dividend for 31 consecutive years.
Is IBM's earnings miss an anomaly? Perhaps this is an opportunity to pick up deeply discounted shares.
The case for buying IBM in 2026 As Krishna points out, the biggest problem for IBM right now is that customers are diverting money from the company to storage and memory products. Data centers require ample DRAM and NAND storage, and manufacturers like Micron Technology are reaping the benefits.
However, I see this as a short-term problem. The DRAM and NAND supply is expected to remain tight through the second half of this year, but eventually the supply-demand balance will correct itself.
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IBM is rolling out its new z17 mainframes, powered by Telum II processors and Spyre Accelerator chips, to process AI workloads. The z17 allows customers to run AI on the platform alongside their enterprise data, rather than transferring it to the cloud for inference. I expect the z17 to eventually be a significant driver for IBM, even though market conditions are causing revenue to be down this quarter.
Also, IBM is a top company in the growth of quantum computing. It's on track to deliver the first large-scale fault-tolerant quantum computer by 2029, and plans to invest more than $10 billion in quantum computing in the next five years.
IBM is still projecting $17.2 billion in revenue for the second quarter and year-to-date free cash flow of $4.8 billion when it reports final numbers on July 22. However, I'll be watching to see if management adjusts its full-year guidance of 5% revenue growth and free cash flow of $15.7 billion. If it can maintain that guidance, then I feel really good about IBM in the second half of the year, and would expect shares of this top dividend stock to begin a steady recovery.
Robinhood’s new blockchain isn’t exactly tiptoeing into the market. The company’s Arbitrum-based Ethereum Layer-2 network, which went live on July 1, has already crossed $100 million in AI agent trading volume and seen more than 2,400 autonomous agents deployed on the platform. That’s two weeks of existence, for context.
The engine behind this surge is Virtuals Protocol, an integration that lets developers create, tokenize, and monetize AI agents directly on Robinhood Chain. Think of it as giving anyone the tools to build their own algorithmic trading bot, except these bots live natively on-chain and can interact with DeFi protocols without human babysitting.
The numbers behind the ramp Let’s put the $100 million figure in perspective. That’s agent-specific trading volume, meaning trades executed autonomously by AI agents rather than human users clicking buttons. More than 2,440 agents are now operational on the network, each one representing a developer’s bet that autonomous trading can outperform, or at least complement, traditional manual strategies.
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The broader network metrics are equally aggressive. Robinhood Chain’s total value locked surpassed $100 million within its first week of operation. Uniswap deployments on the chain recorded peak daily trading volumes above $500 million, suggesting that the infrastructure is handling serious throughput without buckling.
Developers building on the platform have collectively raised $1.8 million from investors that include some unexpectedly heavy names. Google and General Dynamics, the defense contractor, are among the backers.
Why Robinhood is betting on agents Robinhood’s traditional brokerage app serves tens of millions of users. The company has signaled plans to extend its agentic trading features from equities to crypto for eligible US users, which means the AI agents being built today could eventually tap into a distribution channel that most DeFi protocols can only dream about.
The choice of Arbitrum as the underlying technology isn’t accidental either. Arbitrum is the most widely adopted Ethereum Layer-2 solution, known for lower transaction costs and faster settlement times compared to Ethereum’s mainnet. For AI agents executing dozens or hundreds of trades per day, those cost savings aren’t trivial. They’re the difference between a profitable strategy and one that bleeds money to gas fees.
Virtuals Protocol provides a standardized framework for agent creation, which means developers don’t need to build everything from scratch. Each bot can own assets, execute transactions, and earn revenue autonomously.
What this means for investors On the cautious side, AI agent trading introduces a layer of complexity that most retail investors aren’t equipped to evaluate. When thousands of autonomous agents are executing trades simultaneously, the potential for cascading liquidations or flash crashes increases. Liquidity can shift rapidly as agents respond to the same market signals in microseconds, creating feedback loops that human traders can’t react to fast enough.
The risk that deserves the most attention is regulatory. Autonomous trading agents operating in crypto markets exist in a gray area that US regulators haven’t fully addressed. The SEC has been vocal about algorithmic trading oversight in traditional markets, and it’s reasonable to expect that scrutiny will extend to on-chain agents, especially ones accessible to retail investors through a platform as visible as Robinhood.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The T. Rowe Price Active Crypto ETF, designed to provide diversified exposure to the leading crypto assets, began trading today
, /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, announced today the addition of the T. Rowe Price Active Crypto ETF (Ticker: TKNZ). The fund is the first actively managed multi-token spot exchange-traded product* offered in the marketplace. It began trading on NYSE Arca today.
T. Rowe Price Active Crypto ETF offers a transparent portfolio designed to provide diversified exposure to leading crypto assets from an eligible universe, such as Bitcoin, Ethereum, Binance, XRP, Solana, Hyperliquid, and others. While many other digital asset exchange-traded products in market are focused on a single token or are passively managed, multi-token TKNZ uniquely employs T. Rowe Price's research-driven, risk-aware active management approach. It is designed to capitalize on emerging trends, momentum-driven rallies, and market rotations among crypto assets.
The fund is managed by Blue Macellari, who has more than 20 years of investment experience in alternative asset management, along with four co-portfolio managers. Macellari has served as head of Digital Assets at T. Rowe Price since 2022 and has been responsible for developing and leading the implementation and execution of the firm's digital asset strategy across the universe of crypto tokens, protocols, and exchange-traded funds related to blockchain. Her four co-portfolio managers are Stefan Hubrich, with 21 years of investing experience, David Kroger, with 9 years, Sean McWilliams with 17 years, and Dante Pearson, with 13. Net of a fee waiver effective until May 31, 2027, the management fee is 0.75%1.
"Given the rapidly evolving and potentially volatile nature of crypto assets, active management plays an incredibly meaningful role in this space," said Macellari. "Through the launch of the T. Rowe Price Active Crypto ETF, investors can gain access to a thoughtfully curated, professionally managed multi-coin portfolio that helps eliminate the guesswork of building a crypto allocation on their own."
T. Rowe Price has closely monitored developments in the digital assets space for several years, including in-depth research into the impacts of blockchain technology and digital assets on markets and investment portfolios. Under Macellari's leadership, T. Rowe Price has developed its own resilient, modular infrastructure to trade digital assets and has partnered with institutional service providers to cultivate operational capacity.
"As a global asset management firm with a proud legacy of intentional innovation and active research-driven investing, it is a natural step for T. Rowe Price to introduce the industry's first actively managed multi-token exchange-traded product," said Tim Coyne, Global Head of Exchange-Traded Funds.
"This launch represents a new and distinctive way for investors to harness T. Rowe Price's deep investing expertise and rigorous research."
The T. Rowe Price Active Crypto ETF brings the firm's roster of active exchange-traded offerings to 34, which includes a range of equity, multi-asset and fixed income exchange-traded funds (ETFs). TKNZ marks the first of the firm's lineup that provides access to the rapidly growing digital assets category. Each exchange-traded offering delivers key features associated with ETFs such as competitive expense ratios and the flexibility to buy and sell shares throughout the trading day. In each, portfolio managers apply the firm's rigorous research practice of asking better questions, as they strive to deliver better investment outcomes for clients.
* An exchange-traded product (ETP) is a broad category that includes exchange-traded funds (ETFs), exchange-traded notes (ETNs), and other investments that trade on exchanges. The key distinction between ETPs and ETFs is that ETFs are typically registered under the Investment Company Act of 1940 and invest primarily in securities, while ETPs like TKNZ may not be registered as investment companies and can hold non-security assets, such as cryptocurrencies or commodities. ETPs may have different regulatory structures, risk profiles, and disclosure requirements compared to traditional ETFs.
The T. Rowe Price Active Crypto ETF is not an investment company registered under the Investment Company Act of 1940 and therefore is not subject to the same regulatory requirements as mutual funds or ETFs registered under the Investment Company Act of 1940. The Trust is not a commodity pool for purposes of the Commodity Exchange Act. Before making an investment decision, you should carefully consider the risk factors and other information included in the prospectus.
ABOUT T. ROWE PRICE
T. Rowe Price (NASDAQ-GS: TROW) is a leading global asset management firm, entrusted with managing $1.89 trillion in client assets as of June 30, 2026, about two-thirds of which are retirement-related. Renowned for over 85 years of investment excellence, retirement leadership, and independent proprietary research, the firm leverages its longstanding expertise to ask better questions that can drive better investment decisions. Built on a culture of integrity and prioritizing client interests, T. Rowe Price empowers millions of investors worldwide to thrive amidst evolving markets. Visit troweprice.com/newsroom for news and public policy commentary.
Consider the investment objectives, risks, and charges and expenses carefully before investing. For a prospectus click here or go to troweprice.com. Read it carefully.
ETFs/ETPs are bought and sold at market prices, not net asset value (NAV). Investors generally incur the cost of the spread between the prices at which shares are bought and sold. Buying and selling shares may result in brokerage commissions which will reduce returns.
T. Rowe Price Active Crypto ETF is organized as a Delaware statutory trust. The sponsor of the Trust is T. Rowe Price Sponsor LLC (the "Sponsor"). T. Rowe Price Investment Services, Inc. ("TRPIS") serves as the distributor of the Trust.
Investment Risks
All investments are subject to market risk, including the possible loss of principal. The Eligible Assets have a relatively limited history of existence and operations compared to traditional commodities. There is a limited established performance record for the price of the assets and, in turn, a limited basis for evaluating an investment. Crypto assets (including the Eligible Assets) have experienced periods of extreme price volatility and their prices may be influenced by, among other things, trading activity and regulatory scrutiny of crypto trading platforms due to fraud, failure, security breaches or otherwise. To the extent that the fund trades Eligible Assets on crypto platforms and other trading venues, these crypto trading platforms are relatively new. In addition, crypto trading platforms may be lightly regulated, unregulated, or may be non-compliant with existing and applicable regulations in one or more jurisdictions in which they operate. A market disruption, such as a government taking regulatory or other actions that disrupt the crypto asset market, can also make it difficult to liquidate a position. Crypto asset markets in the U.S. exist in a state of regulatory uncertainty, and adverse legislative or regulatory developments could significantly harm the value of the Eligible Assets or the Shares. Regulatory developments such as by banning, restricting or imposing onerous conditions or prohibitions on the use of crypto assets, mining activity, digital wallets, the provision of services related to trading and custody of crypto assets, the operation of the Eligible Asset Networks, or the crypto asset markets generally may adversely impact the value of the Eligible Assets and, therefore, of the fund. See the prospectus for more detail on the fund's principal risks.
_________________________
1 The management fee is scheduled to revert back to the gross of 0.90%, effective June 1, 2027.
Lucid označil fámy o bankrotu za „zcela nepravdivé“ a uvedl, že má dostatek likvidity hluboko do příštího roku. Akcie ve středu vzrostly asi o 29 % na 5,95 USD.
It was a wild two days for Lucid (LCID +8.57%) shareholders. On Tuesday, a report from an electric vehicle blog, citing two unnamed sources, claimed the luxury EV maker had brought in consulting firm AlixPartners to weigh a Chapter 11 bankruptcy filing or a take-private deal. Shares lost more than half their value at Tuesday's lows, triggering multiple volatility halts, before Lucid's denial helped the stock recover most of the damage. It still closed the day down 16%.
Then came Wednesday. Shares soared about 29% to close at $5.95 -- actually a bit higher than where the stock sat before the report broke.
Lucid called the rumors "completely false" in a statement filed with the SEC on Tuesday. The company also said it "has sufficient liquidity to carry its operations well into next year" and that it hasn't formed any special board committee to explore the scenarios described in the report. AlixPartners, Lucid explained, is helping it improve execution and operations "and nothing else" and hasn't recommended bankruptcy to management or the board.
But does Lucid's balance sheet actually back up that confidence?
Image source: Getty Images.
The liquidity math Lucid's first-quarter update in May showed the company ended the quarter with about $700 million in cash and cash equivalents, and about $3.2 billion in total liquidity, a figure that includes its undrawn credit capacity.
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But that snapshot misses the capital Lucid raised in April. The company announced a raise of about $1.05 billion, made up of $550 million in convertible preferred stock issued to an affiliate of Saudi Arabia's Public Investment Fund (PIF), $300 million from a common stock offering, and a $200 million equity investment from Uber Technologies. Uber's investment came alongside a partnership that is expected to put Lucid vehicles into a planned robotaxi service. Additionally, Lucid drew $500 million from a delayed-draw term loan provided by the PIF, leaving about $2 billion of that facility undrawn. Adding it all up, management put the company's pro forma total liquidity at about $4.7 billion.
That is a lot of capital. And it explains the confidence behind the company's denial.
The problem, however, is how quickly the money is going out. Lucid's net loss in the first quarter was about $1 billion, and even its non-GAAP (adjusted) EBITDA, which strips out many non-cash costs, was a loss of about $781 million.
Operations consumed about $1.2 billion in cash during the period, and capital expenditures added another $253 million. In other words, the company burned through more than $1.4 billion in a single quarter.
The same burn shows up in the liquidity trend, which fell from about $4.6 billion at the end of 2025 to $3.2 billion just one quarter later.
Run the math on that burn rate, and $4.7 billion covers a bit more than three quarters, carrying Lucid into early 2027. So the company's claim that it can operate "well into next year" checks out. However, the claim doesn't promise anything beyond that.
Why the rumor found an audience A report like Tuesday's only moves a stock this much when investors already have doubts -- and I'd argue Lucid has given them reasons. Second-quarter deliveries came in at 3,953 vehicles, an improvement from 3,093 in the first quarter. That's progress, but it's still a tiny volume for a company spending at this scale.
Revenue tells the same story. Lucid's first-quarter revenue of $282.5 million, though up 20% year over year, doesn't come close to covering the cost of running the business. Neither does a full year of sales: The company's revenue for all of 2025 was about $1.35 billion, less than it burned through in this year's first quarter alone.
Of course, the PIF, Lucid's majority shareholder through its affiliate, has repeatedly stepped up with fresh capital. In early July, Lucid drew another $800 million from that PIF-backed term loan, fresh evidence the backstop is still intact. The bad news is that the investment case still depends on it.
So, was Wednesday's 29% pop the start of a comeback? I wouldn't count on it. The balance sheet does support Lucid's denial -- there's no near-term liquidity cliff here. But a company burning more than $1 billion a quarter while delivering fewer than 4,000 vehicles will likely need more capital eventually, and more raises could mean more dilution for shareholders. Until the gap between spending and sales narrows meaningfully, I'll watch this one from the sidelines.
IBM předběžně oznámila slabší 2Q: tržby 17,2 mld. USD byly jen o 1 % vyšší meziročně a za očekáváním. Firma uvedla, že klienti přesunuli rozpočty na servery, storage a paměti kvůli obavám z růstu cen.
IBM (IBM +3.87%) didn't wait for its scheduled earnings date. On Tuesday, a week ahead of its July 22 report, the enterprise software and hardware giant released preliminary second-quarter results in a letter to investors from CEO Arvind Krishna. The numbers were disappointing. Revenue totaled $17.2 billion, up just 1% year over year and short of the company's own expectations.
Investors didn't take it well. Shares fell about 24% on Tuesday, one of the worst single-day drops in the company's history, and slid further on Wednesday to a 52-week low. IBM's market capitalization now sits below $200 billion.
But the most interesting part of the pre-announcement isn't the miss itself. It's Krishna's explanation of what happened in the last few weeks of June, because it says a lot about where technology budgets are actually going in the AI (artificial intelligence) buildout.
Image source: Getty Images.
What went wrong in the quarter The shortfall was a sharp reversal. In the first quarter, IBM's revenue rose 9% year over year, led by infrastructure revenue that jumped 15% as the company's new z17 mainframe rolled out. IBM expected that mainframe momentum to fade as the launch wrapped up, guiding for infrastructure revenue to decline by a low-single-digit rate for the year.
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Instead, second-quarter infrastructure revenue fell 7%, software grew just 5%, and consulting was flat. The deceleration reached the bottom line, too. Earnings per share of $2.27 declined 2% year over year, though earnings per share on a non-GAAP (adjusted) basis climbed 5%.
So, what happened? According to Krishna, IBM's clients abruptly changed their spending priorities.
"In the last few weeks of June, we saw clients shift their quarterly capex spend toward servers, storage, and memory purchases to secure supply constrained infrastructure ahead of expected price increases," Krishna explained in his letter. He added that the company "did not anticipate the magnitude of the capex reprioritization," and that numerous large deals failed to close on the timelines IBM expected, driving the majority of the shortfall. Krishna also noted that clients were distracted by rapidly evolving, industrywide cybersecurity concerns during the quarter.
Put another way, customers spent their quarterly technology budgets stockpiling hardware before prices went up, and other purchases got pushed out.
Where the money went instead What stands out to me is that IBM's own report shows where those dollars landed. The company's distributed infrastructure business, which includes its Power servers and storage hardware, grew 37% year over year, its best performance in the company's reported history. The unit exited the quarter with a backlog of about $500 million. Even inside the company that missed, the money moved toward hardware.
The memory market shows the same scramble at a much larger scale. Micron Technology, one of the world's biggest memory-chip makers, reported revenue of $41.5 billion in its most recent quarter, up 346% year over year, as its DRAM selling prices more than doubled. And Micron says AI-driven demand for memory and storage has accelerated at a rate greater than the industry's ability to increase supply.
The AI buildout, in other words, is no longer just the giant cloud companies pouring capital into data centers. Ordinary enterprises are now competing for the same servers, storage, and memory, and they're pulling money from the rest of their technology budgets to secure it. That's a tailwind for memory and AI-infrastructure suppliers, whose products are the ones being stockpiled. And it's a new risk for any vendor whose quarter depends on large deals closing on schedule, because a customer racing to lock in hardware can put everything else on hold.
For IBM specifically, the July 22 earnings call now comes down to one thing: Were those slipped deals lost, or merely delayed? Management said it will discuss its full-year expectations on the call, and coming into this quarter, the company had guided for constant-currency revenue growth of more than 5% in 2026. If that outlook survives, most of this quarter's damage was a timing issue. If it comes down, the problem may be bigger than one quarter.
I think the bigger lesson, though, is the one Krishna spelled out himself. When customers are grabbing supply constrained hardware ahead of price hikes, the AI infrastructure cycle isn't cooling. It's strong enough to change the spending patterns of the world's largest companies -- and investors should expect it to show up in more earnings reports from here.
Alcoa Corporation zveřejnila konferenční hovor k hospodářským výsledkům za 2. čtvrtletí 2026. V úvodu zaznělo jen upozornění na výhledová prohlášení a non-GAAP ukazatele.
Louis Langlois - Senior Vice President of Treasury & Capital Markets
William Oplinger - President, CEO & Director
Molly Beerman - Executive VP & CFO
Conference Call Participants
Katja Jancic - BMO Capital Markets Equity Research
Bennett Moore - JPMorgan Chase & Co, Research Division
Henry Hearle - B. Riley Securities, Inc., Research Division
Timna Tanners - Wells Fargo Securities, LLC, Research Division
Glyn Lawcock - Barrenjoey Markets Pty Limited, Research Division
Christopher LaFemina - Jefferies LLC, Research Division
Carlos de Alba - Morgan Stanley, Research Division
Lawson Winder - BofA Securities, Research Division
John Tumazos - John Tumazos Very Independent Research, LLC
Presentation
Operator
Good afternoon, and welcome to the Alcoa Corporation Second Quarter 2026 Earnings Presentation and Conference Call. [Operator Instructions] Please note, this event is being recorded.
I would now like to turn the conference over to Louis Langlois, Senior Vice President of Treasury and Capital Markets. Please go ahead.
Louis Langlois
Senior Vice President of Treasury & Capital Markets
Thank you, and good day, everyone. I'm joined today by William Oplinger, Alcoa Corporation President and Chief Executive Officer; and Molly Beerman, Executive Vice President and Chief Financial Officer. We will take your questions after comments by Bill and Molly.
As a reminder, today's discussion will contain forward-looking statements relating to future events and expectations that are subject to various assumptions and caveats. Factors that may cause the company's actual results to differ materially from these statements are included in today's presentation and our SEC filings.
In addition, we have included some non-GAAP financial measures in this presentation. For historical non-GAAP financial measures, reconciliations to the most directly comparable GAAP financial measures can be found in the appendix to today's presentation. We have not presented quantitative reconciliations of certain forward-looking non-GAAP financial measures for
Akcionáři společnosti Brookfield schválili transakci ke zjednodušení firemní struktury; po dokončení se novou mateřskou společností stane Brookfield Corporation Ltd. a uzavření se očekává do konce roku za podmínky obvyklých podmínek a regulačních schválení.
July 16, 2026 20:27 ET | Source: Brookfield Corporation
BROOKFIELD, NEWS, July 16, 2026 (GLOBE NEWSWIRE) -- Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced that the transaction to simplify its corporate structure (the “Transaction”) received shareholder approval at its annual and special meeting of shareholders held on July 16, 2026 (the “Meeting”). Upon completion of the Transaction, Brookfield Corporation Ltd., which will be listed on the TSX and NYSE under the symbol “BN”, will be the new parent entity of the group. Completion of the Transaction is subject to customary conditions and is expected to close by year-end, subject to receipt of all applicable regulatory approvals.
In addition, Brookfield announced that all eight nominees proposed for election to the board of directors by holders of Class A Limited Voting Shares (“Class A Shares”) and all eight nominees proposed for election to the board of directors by the holder of Class B Limited Voting Shares (“Class B Shares”) were elected at the Meeting. Detailed results of the vote for the election of directors are set out below.
Management received the following proxies from holders of Class A Shares in regard to the election of the eight directors nominated by this shareholder class:
Director NomineeVotes For%Votes Withheld%M. Elyse Allan1,670,838,79199.3311,198,8480.67Ang Eng Seng1,680,919,87199.931,117,7680.07Janice Fukakusa1,654,108,19598.3427,929,4441.66Maureen Kempston Darkes1,642,627,74197.6639,409,8982.34Frank J. McKenna1,528,459,76790.87153,577,8729.13Hutham S. Olayan1,666,734,57699.0915,303,0630.91Satish C. Rai1,675,269,58799.606,768,0520.40Diana L. Taylor1,594,363,48294.7987,674,1575.21 Management received a proxy from the holder of Class B Shares to vote all 85,120 Class B Shares for each of the eight directors nominated by this shareholder class:
Director NomineeVotes For %Howard S. Marks100.0Rafael Miranda100.0Lord O'Donnell100.0Jeffrey M. Blidner100.0Jack L. Cockwell100.0Bruce Flatt100.0Brian D. Lawson100.0Samuel J.B. Pollock100.0 A summary of all votes cast by holders of the Class A Shares and Class B Shares represented at the Meeting is available on EDGAR at www.sec.gov/edgar or SEDAR+ at www.sedarplus.ca.
About Brookfield Corporation
Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Asset Management, Wealth Solutions, and our Operating Businesses which are in infrastructure, energy, private equity, and real estate.
We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities. At the center of our success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).
For more information, please visit our website at bn.brookfield.com or contact:
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and reflect management’s current estimates, beliefs and assumptions, which are based on management’s perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. Forward-looking statements are typically identified by words such as “expect,” “anticipate,” “believe,” “foresee,” “could,” “estimate,” “intend,” “plan,” “will,” “may” and similar expressions. In particular, the forward-looking statements in this news release include statements regarding the expected closing of the Transaction and receipt of related regulatory approvals.
These forward-looking statements are based on reasonable estimates, beliefs and assumptions, but are subject to significant business, economic, competitive and other risks and uncertainties, described from time to time in Brookfield’s filings with securities regulators in Canada and the United States, that could cause actual results to differ materially from those contemplated or implied by such statements. Readers are cautioned not to place undue reliance on forward-looking statements, which are made as of the date of this news release. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any forward-looking statements.
Amazon (AMZN 1.99%) CEO Andy Jassy put a striking number on one of his company's least-discussed businesses this spring. If Amazon's in-house chip operation were a stand-alone company that sold the chips it produces to outside buyers, he said on the company's first-quarter earnings call in April, its annual revenue run rate would be about $50 billion.
The business as it actually runs today is no small thing either. Amazon's custom chip unit -- Graviton processors, Trainium artificial intelligence (AI) accelerators, and Nitro networking chips, all deployed inside Amazon Web Services (AWS) -- has an annual revenue run rate above $20 billion, growing at triple-digit percentage rates year over year.
And customers have lined up. Jassy said in the company's first-quarter earnings call that it now holds more than $225 billion in revenue commitments for Trainium.
Numbers like those suggest Amazon is building something bigger than an internal cost-saving project. Here's a closer look at the chip business, and what it could mean for the stock.
Image source: Amazon.com Inc.
A $20 billion business inside AWS Amazon's chips business grew nearly 40% quarter over quarter in the first quarter alone, Jassy said on the earnings call. And as best the company can tell, he added, its custom silicon operation is now "one of the top three data center chip businesses in the world."
The $225 billion commitment figure comes with recognizable names attached. Amazon's first-quarter report disclosed a commitment from OpenAI to consume approximately two gigawatts of Trainium capacity beginning in 2027, and an agreement under which Anthropic will secure up to five gigawatts of current and future generations of Trainium chips. Uber is using Graviton chips to match riders with drivers. And Meta Platforms signed on to deploy tens of millions of Graviton cores.
Demand is running ahead of supply, too.
"Our Trainium2 chip has about 30% better price-performance than comparable GPUs, and has largely sold out," Jassy said on the call. Trainium3, which started shipping at the beginning of 2026, is nearly fully subscribed. And much of Trainium4, still more than a year from broad availability, has already been reserved.
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A challenger to Nvidia, within limits Of course, Nvidia is still much bigger. Its graphics processing units (GPUs) dominate AI data centers, and Amazon itself remains a huge Nvidia customer -- the same first-quarter report that touted Trainium also announced plans to deploy more than 1 million Nvidia GPUs starting in 2026.
Trainium's selling point is cost per unit of computing, and Amazon offers its chips only through AWS.
Jassy's $50 billion figure is also a hypothetical. It describes what the business would look like if Amazon sold its chips on the open market the way other chipmakers do, which today it mostly doesn't. Amazon doesn't break out the unit's profits, either, so investors can't yet see what all this silicon earns.
But the chip momentum sits inside a cloud business that is accelerating. AWS revenue grew 20% for all of 2025, then 24% in the fourth quarter, then 28% in the first quarter of 2026, reaching $37.6 billion -- growth Jassy called the segment's fastest in 15 quarters. AWS also produced $14.2 billion of operating income in the first quarter, up 23% from $11.5 billion a year earlier.
That growth is expensive. Amazon expects about $200 billion in capital expenditures across the company in 2026, and its free cash flow for the trailing 12 months fell to $1.2 billion from $25.9 billion a year earlier as AI investments ramped up.
The spending is the main risk here. If demand for AI computing cools before these investments pay for themselves, Amazon's profits and its stock could suffer.
Still, the stock arguably isn't asking investors to pay much for the chip business. At about $255 per share as of this writing, Amazon trades at about 30 times earnings, though earnings get a boost from a $16.8 billion pre-tax gain on the company's Anthropic investment booked in the first quarter. Excluding it, the multiple would be somewhat higher. Even so, shares are up a modest 10% or so this year while AWS accelerates.
Ultimately, I don't think Trainium needs to beat Nvidia for Amazon shareholders to win. A chip business with a $20 billion run rate, triple-digit growth, and $225 billion in commitments strengthens the case for a stock priced like this while its biggest profit engine accelerates. I already liked Amazon at this price. The chip business is one more reason.
UnitedHealth uvedl, že AI nyní řídí všechny funkce firmy a pomáhá zrychlit schvalování i zpracování pojistných nároků. Ve 2. čtvrtletí vzrostl provozní zisk o 55 % meziročně.
Every claim UnitedHealth processes, every prior authorization it reviews and every patient interaction it handles now runs through artificial intelligence (AI). The company is turning that internal overhaul into a commercial product line. “Virtually everything that we do, we see it basically as the operating infrastructure of the future,” Chairman and CEO Stephen Hemsley said Wednesday (July 15) on the company’s second-quarter 2026 earnings call. “It really is occurring across the spectrum of our businesses.”
The results are showing up in the numbers. AI-powered prior authorization is achieving a 96% first-pass approval rate. The company committed this quarter to eliminating 30% of prior authorization volume by year-end and nearly two-thirds of prior authorization requirements for pediatric care. Those efficiencies are flowing straight to the bottom line, with second-quarter operating earnings up 55% year over year.
Where AI Is Doing the Work At Optum Health, which delivers care directly to 20 million patients, ambient listening AI tools are available to 70% of employed clinicians and are on track to reach 90% by year end. The technology transcribes patient encounters in real time, removing the documentation burden that drives clinician burnout. Optum CEO Patrick Conway said during the call that the tool has produced a 90% reduction in cognitive burnout among clinicians who use it.
Conway also noted that AI is helping nurses summarize complex patient cases 40% faster. Enhanced care transition support has driven a 10% reduction in hospitalizations in the Western and Southern regions since late last year. Home health pilots have cut readmissions and reduced skilled nursing facility stays.
In claims processing, complex cases that once required manual review are now processed automatically and with higher accuracy. “Very complex claims that we never before thought we would be able to automate, we’re able to automate those and process those with higher accuracy,” said Tim Noel, CEO of UnitedHealthcare. Patient-facing hours expanded by nearly 200,000 in the first half of the year as AI-assisted scheduling cut wait times for specialist appointments.
Selling the Playbook to the Rest of the Industry Optum Insight is converting those internal tools into commercial products sold to health systems and payers outside UnitedHealth. About a third of Optum Insight’s technology investment this year is going toward that commercialization effort.
A digital prior authorization product launched last quarter under the Optum Real branch has processed roughly half a million prior authorizations and saved 69,000 administrative hours for external clients. Value Connect, an AI insights platform embedded directly in provider electronic health records, is showing a 17% reduction in pharmacy costs in early client deployments.
Hemsley said every internal function, including HR, finance, legal and clinical operations, is being rebuilt around AI. The efficiency gains from that work will become the product Optum Insight sells externally. About a third of Optum Insight’s investment this year is going toward commercializing internal use cases for outside clients. “This is the beginning,” Hemsley said, “but it will have compounding effects as we make these investments.”
What Else Stood Out UnitedHealth committed to processing 80% of prior authorizations in real time by end of 2027, eliminating most of the back-and-forth between health plans and providers that currently delays care and drives administrative cost on both sides. Commercial insurance cost trends are running modestly above 11%, driven partly by an arbitration process under the No Surprises Act that UnitedHealth says is being exploited. Roughly 60% of all arbitration cases are brought by just five entities, and average payouts when arbitrators side with providers now run 11 times what Medicare would pay. Medicare Advantage cost trends are coming in below original planning assumptions, driven by benefit design changes and network adjustments. Full-year Medicare margins are now expected to finish above 3%. Optum Health now reaches nearly 90% of U.S. counties and conducts approximately 2.5 million rural patient home visits annually, with plans to expand those programs across the full Optum Health footprint by year-end. Topline Results and Outlook UnitedHealth reported second-quarter adjusted earnings per share of $6.38, compared with $4.08 in the prior year. Total revenues were $112 billion, largely flat year over year. Operating earnings of $8 billion grew 55% year over year. The medical care ratio was 86.7%, including $860 million of net favorable prior period medical development, compared to 89.4% in the second quarter of 2025.
Operating cash flows were approximately $11 billion, or 1.9 times net income. The debt-to-capital ratio fell to 41.2%, down from 44.1% a year ago. The company closed its acquisition of Alegeus Technologies on July 2.
Inflace v USA v červnu zpomalila na 3,5 % meziročně a trh snížil sázky na další zvýšení sazeb Fedu. To je pro Realty Income, citlivou na úroky, důležitá úleva.
Tuesday brought the kind of inflation report investors have been waiting on all year. The Consumer Price Index (CPI) rose 3.5% year over year in June, down sharply from 4.2% in May and below economists' expectations, as gasoline prices posted their biggest monthly drop in years. Core inflation, which excludes food and energy, cooled to 2.6% from 2.9%.
For most stocks, that's background news. For Realty Income (O +3.94%), one of the market's most rate-sensitive dividend stocks, it's closer to the main event. After a year in which hot inflation kept the threat of Federal Reserve rate hikes alive, the pressure on this real estate investment trust (REIT) may finally be easing.
Here's why I'd consider buying the stock now.
Image source: Getty Images.
A 5% yield, paid monthly Realty Income calls itself The Monthly Dividend Company, and the numbers back the branding. The company has declared more than 670 consecutive monthly dividends, and it has increased its payout for over 31 consecutive years, making it a member of the S&P 500 Dividend Aristocrats® index (the term Dividend Aristocrats® is a registered trademark of Standard & Poor's Financial Services LLC).
In March, the company announced its 114th consecutive quarterly dividend increase, and the monthly dividends it paid during the first quarter were up 1.8% year over year. At about $63 per share, the stock's annualized dividend of about $3.25 works out to a yield just over 5.1%.
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The business behind the payout is deliberately boring. Realty Income owns 15,571 properties leased to 1,786 clients across 92 industries, mostly under long-term net leases (agreements in which the tenant covers taxes, insurance, and maintenance). The weighted average lease has about 8.7 years remaining. And portfolio occupancy held steady at 98.9% at the end of the first quarter.
The dividend is well covered, too. Realty Income paid out about 72% of its first-quarter adjusted funds from operations (AFFO), a common measure of a REIT's cash earnings.
AFFO per share rose 6.6% year over year in the first quarter to $1.13, and management raised its full-year guidance to a range of $4.41 to $4.44 -- annual growth of 3% to 3.7%, with the first quarter running ahead of that pace. It's a modest trajectory. It's also exactly what income investors are here for.
Why Tuesday's report matters so much here Realty Income grows by raising money and buying more properties, pocketing the difference between its cost of capital and the rental yields on what it buys. In the first quarter, it invested $2.8 billion, with its $2.6 billion pro-rata share carrying an initial weighted average cash yield of 7.1%. Management also lifted its full-year investment guidance to $9.5 billion from $8 billion.
Interest rates sit on both sides of that equation. When rates rise, Realty Income's borrowing costs climb, and the spread on new deals narrows. Rising rates also give income investors a risk-free alternative, which tends to pull REIT share prices down until their yields look competitive again. Falling rate pressure eases both problems at once.
That's what makes June's inflation data such a welcome development. With inflation running hot this spring, traders had been pricing in meaningful odds that the Fed would raise rates again. After Tuesday's report, those bets faded fast. Market pricing now points to an 86% chance the central bank holds steady at its July 29 meeting, according to CME FedWatch data.
Of course, one good inflation print doesn't settle anything. Inflation at 3.5% remains well above the Fed's 2% target, and June's improvement leaned heavily on falling gas prices, which can reverse. If inflation reaccelerates, the rate threat comes right back, and Realty Income's stock would likely feel it.
There are business risks, too. Realty Income's tenants are heavily concentrated in retail, where struggling chains can hand back keys. And AFFO growth of 3% to 4% a year will never make this a growth stock.
But the stock's valuation may already reflect those limitations. At about $63 per share as of this writing, the stock trades at roughly 14 times the midpoint of this year's expected AFFO, and about 7% below its 52-week high.
So that's the case. An annual yield above 5% from a portfolio that stays nearly full in good markets and bad, with three decades of dividend increases behind it -- and the rate pressure that has weighed on the stock is finally easing. Overall, I'd consider buying Realty Income here and let the monthly checks do the compounding.
GameStop dál usiluje o převzetí eBay, přestože eBay dříve odmítla nabídku za 56 miliard USD. Ryan Cohen říká, že chce z obou firem vytvořit podnik za 1 bilion USD.
GameStop CEO Ryan Cohen said Thursday (July 16) that the company continues to pursue an acquisition of eBay, Bloomberg reported Thursday.
In an interview with Bloomberg TV, Cohen declined to say whether he planned to raise his offer for the company but said “we’re coming for eBay one way or another,” according to the report.
EBay rejected a $56 billion offer from GameStop earlier this year, the report said.
Cohen said Thursday that he aims to turn the combined company into a $1 trillion business, in part by building a digital marketplace for video game items, taking advantage of synergies between the companies’ collectibles businesses, and using GameStop locations as hubs for authenticating trading cards, per the report.
“The pro forma company is going to be investment grade,” Cohen said.
PYMNTS reported May 3 that GameStop announced that it had submitted a nonbinding proposal to acquire 100% of eBay and that following closing, Cohen would serve as CEO of the new combined company.
In a letter to eBay, GameStop said that eBay had spent $2.4 billion on sales and marketing during fiscal year 2025 and added just 1 million net active buyers. GameStop pledged to cut around $1.2 billion in sales and marketing costs as part of $2 billion in annual cost reductions within 12 months of closing.
On May 12, PYMNTS reported that eBay rebuffed GameStop’s $56 billion acquisition offer and called the proposal “neither credible nor attractive.”
EBay said in an announcement that its board had reviewed the surprise takeover bid and decided to reject it based on eBay’s “standalone prospects,” “uncertainty” on how the deal would be financed, and the impact of the bid on its long-term profitability and growth.
GameStop said in a June 26 press release that its “leadership team remains focused on advancing the proposed acquisition of eBay” and that “additional materials regarding the proposed transaction are forthcoming.”
On July 7, GameStop said in a press release that its stockholders approved an increase in the number of authorized shares of Class A common stock and that this amendment “provides the Company with the capacity to issue common stock in connection with strategic acquisitions, including its proposed acquisition of eBay, Inc.”
Aevo spouští PERPS+ v mobilní aplikaci a přidává u BTC a ETH perpetual futures zajištění při vstupu jedním klepnutím. Mobilní verze má nyní plnou funkční paritu s desktopem.
The decentralized derivatives exchange launches PERPS+ on mobile and confirms full feature parity with desktop. Protected perps can now be managed on the move with Aevo.
Aevo, the decentralized derivatives exchange with more than $10 billion in options volume since 2020, has launched PERPS+ on mobile. The feature adds protection directly to a perp at entry, where the trader picks a mode, sets the level, and Aevo executes the combined position in one tap with no options knowledge required. The launch also marks a milestone: Aevo’s mobile experience now matches desktop feature for feature.
Traders can download the Aevo app on the App Store and Google Play for the full mobile experience (currently not available to U.S. or U.K. persons).
Aevo has a habit of building things the rest of the market copies later. PERPS+ on mobile continues that run. Structured, options-protected positions once required an options desk or a rigid DeFi vault. Now they execute in one tap from a phone.
Built first, copied later Aevo’s architecture set the template much of decentralized derivatives now runs on. Its custom Ethereum layer-2 pairs an off-chain order book with on-chain settlement, giving traders centralized-exchange speed while they keep custody of their funds. That hybrid model has since become the dominant design for decentralized perps with options.
Then there is aeUSD, the yield-bearing stablecoin Aevo built as trading collateral. It has been live in production for almost two years, making it one of the most battle-tested yield-bearing collateral assets in DeFi. Margin earns while positions are open, quietly earning traders yield.
All of it sits in one cross-margin account: options, perps and structured products together. Running decentralized options at exchange scale is hard, and most venues still cannot offer the combination natively.
PERPS+: options power, zero options knowledge The problem is old and stubborn. Options can cap losses, generate income or define risk before entry. But strikes, expiries and premiums scare most perps traders off, so the majority run fully unprotected positions.
PERPS+ handles the options leg automatically. Traders pick one of three enhancers:
“Limit My Loss “caps maximum loss at a set amount, with the downside defined at entry and the upside left completely uncapped. “Get Paid to Hold” pays a guaranteed upfront premium in exchange for capped upside. “Lock My Range” caps both loss and profit, giving a fully defined risk-to-reward ratio for close to zero upfront cost. PERPS+ is currently available on BTC and ETH perpetual futures.
The trader sets the protection level. Aevo structures, prices and executes the combined position in one tap.
PERPS+ serves two audiences. Audience 1: Perps traders who have never touched options get one-click protection on trades they were already going to make. Audience 2: DeFi vault depositors get tailor-made, vault-like strategies with the freedom to set their own parameters instead of accepting fixed vault terms.
PERPS+ is live on both web and mobile. The feature launched first on web and is now fully available across both platforms.
Protection that travels Traders have always been able to close positions from their phones. What they could not do is open a perp with a defined floor already built in, protection that limits losses automatically if the position moves against them. Aevo mobile makes that a one-tap action, on the only mobile derivatives exchange with full desktop parity.
A clean token with a shrinking supply The AEVO token has been fully distributed since mid-2025, when the final scheduled unlock completed. No vesting cliffs ahead. No investor unlock events. No dilution overhang.
On top of that, 74 million AEVO have been permanently removed from circulation to date through a recurring monthly buyback and burn, funded entirely by real exchange revenue, which buys AEVO on the open market and permanently removes it from circulation. The supply mechanic makes the token deflationary. Stakers receive monthly Uniswap V3 LP positions in the AEVO/USDC pool, earning swap fees that compound as long as the position is held.
The result: no unlock calendar to trade against, and a deflationary supply that shrinks as the exchange earns.
Aevo spokesperson said, “Onchain options have been called the next big thing every year since 2021. And every year, they’ve failed to become it… So we thought, what if getting options-level protection felt exactly like trading a perp? That’s PERPS+”.
About Aevo Aevo is the leading decentralized derivatives exchange. The PERPS+ feature is now live with a full mobile experience are live at www.aevo.xyz. Technical documentation is on Aevo Docs.
Royal Gold oznámila rekordní tržby, cash flow a zisk za 1. čtvrtletí, včetně 391 milionů USD upravené EBITDA. Firma zároveň posílila růstový potenciál po akvizicích Sandstorm a Horizon.
Gold Is Testing Its 200-Day SMA—These 3 Mining Stocks Are the PlayRoyal Gold NASDAQ: RGLD highlighted recent acquisitions, stronger first-quarter results and an expanded development pipeline during a virtual non-deal roadshow hosted by Renmark Financial Communications.
Alistair Baker, senior vice president of investor relations and business development at Royal Gold, said the company’s investment thesis remains centered on “consistent cash flows from precious metals” through a royalty and streaming model, rather than direct mine ownership. He emphasized that the company is “not a mining company” and has limited direct exposure to operating cost inflation.
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The Best Way to Invest in Gold Is...Baker said Royal Gold has seen “a lot of news” over recent quarters that he believes has not yet been fully recognized by the market, adding that gold equities have been under pressure as gold “is taking a bit of a breather.”
Acquisitions Add Scale and Diversification Baker described 2025 as “a very active” and “transformational” year for Royal Gold. He cited the completion of the Sandstorm and Horizon corporate acquisitions, which he said closed in mid-October last year and added growth and diversification to the portfolio.
BHP Stock: The Under-the-Radar Growth Story in CommoditiesThe company also added gold streams at Kansanshi and Warintza. Baker said Kansanshi is a cash-flowing, “world-class copper mine in Zambia,” while Warintza is an emerging Tier 1 development project in Ecuador that Royal Gold hopes will become a world-class producing asset.
Royal Gold also reported internal portfolio developments, including a mine life extension at Mount Milligan to 2045 and potentially beyond. Baker also pointed to Barrick’s work at the Four Mile project in Nevada, which he described as “probably one of the best gold discoveries over the past several decades,” adding that Royal Gold has full exposure to it.
First-Quarter Results Set Records Baker said Royal Gold’s first quarter was the first period to include consolidated results reflecting the recent transactions. The company reported record revenue, cash flow and earnings, including $391 million in adjusted EBITDA for the quarter.
Since the middle of October, Royal Gold has repaid $800 million of debt, increased portfolio reserve life by about 25% from the prior year to 18 years, and sold more than $200 million of non-core equity positions inherited through Sandstorm, Baker said.
The company also raised its dividend at year-end for the 25th consecutive year. Baker said Royal Gold has paid a growing dividend since 2000 and has distributed more than $1 billion to shareholders over time.
Royalty Model Positioned as Lower-Risk Gold Exposure Baker said Royal Gold’s business is highly scalable, with 39 employees and low fixed costs. He said the company’s EBITDA margin in 2025 was 82%, while cash general and administrative costs were about 4% of revenue.
He contrasted the royalty and streaming model with mining operators, which face direct exposure to labor, energy and consumables inflation. Baker said Royal Gold’s costs are more stable, consisting largely of salaries, services and office rent, which should allow margins to expand when metal prices rise.
“Anything that impacts costs impacts margins,” Baker said, adding that higher energy prices could affect operator costs in upcoming quarterly results, while Royal Gold’s margins should remain comparatively consistent.
The company’s portfolio includes more than 360 assets, with about 80 producing revenue and about 30 in development. Baker said more than 250 assets remain at earlier stages, creating potential for future organic growth as projects advance.
Pipeline Includes Multiple Growth Catalysts Royal Gold pointed to several assets expected to contribute over time. Baker said Back River reached commercial production in October and should provide its first full year of contributions this year. Platreef began milling ore in the fourth quarter of last year, and Robertson at the Cortez Complex is expected to begin production in 2027.
Later in the decade, Baker said Royal Gold expects potential new production from Palomarin, Great Bear and Marimaca. After the turn of the decade, he said MARA and Four Mile could contribute in the 2030s.
He also highlighted expansion potential at existing assets, including Khoemacau, where Royal Gold expects about a 30% increase in silver deliveries starting around 2028. At Mount Milligan, Baker said the mine life extension represents “a lot of value” for the company.
Capital Allocation and Valuation in Focus Baker said Royal Gold’s capital allocation priorities remain reinvesting in the business with non-dilutive financing, maintaining a strong balance sheet and liquidity, and returning capital to shareholders.
The company recently added a $600 million accordion feature to its revolving credit facility and received board authorization for a $500 million share repurchase program. Baker said the buyback is discretionary and not tied to a formula or specific valuation levels.
In response to a question about leverage, Baker said Royal Gold could consider reaching three times net debt to EBITDA in “extreme circumstances” for a compelling acquisition, but would want to reduce leverage to two times within a reasonably quick period.
Asked about copper exposure, Baker said gold producers’ interest in copper projects is likely to continue because copper assets often have longer mine lives. He said this could create opportunities for royalty companies when copper projects contain precious metals components. Royal Gold is not targeting a specific revenue mix, he said, but remains comfortable with a portfolio that is about 90% precious metals and roughly 75% to 80% gold.
Baker said Royal Gold believes its share price is not reflecting the company’s recent performance, growth pipeline or the current gold price environment. He said the company is working to improve market understanding of its portfolio through investor outreach, an investor day and an asset handbook detailing the sources of revenue.
About Royal Gold (NASDAQ:RGLD)Royal Gold, Inc, headquartered in Denver, Colorado, is a leading precious metals streaming and royalty company. Through its business model, Royal Gold provides upfront financing to mining operators in exchange for the right to purchase a percentage of future metal production at predetermined prices. This structure allows the company to participate in production upside while minimizing exposure to the operating and capital-intensive aspects of mine ownership.
The company's portfolio encompasses interests in over 200 streams and royalties on projects across North America, South America, Europe, Africa and Australia.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Multicoin Capital poprvé investoval do ekosystému Hyperliquidu, a to 1,75 milionu USD do Trasia Labs. Trasia buduje asijskou platformu pro perpetual futures na Hyperliquidu.
Multicoin Capital has invested in Trasia Labs, the team behind an Asia-focused perpetual futures trading platform built on Hyperliquid, marking the venture firm's first investment in the Hyperliquid ecosystem, a Multicoin spokesperson told The Block.
The investment comes shortly after Multicoin disclosed an investment in the Hyperliquid token itself late last month, when it published a detailed investment thesis on the protocol. At the time, Multicoin said it initiated a large HYPE position early this year and has been accumulating since, with HYPE now representing one of the largest positions in its liquid fund.
As for Trasia, Multicoin has invested $1.75 million in the startup as the sole investor in its seed round, Trasia co-founder Mable Jiang told The Block.
Jiang is a former Multicoin Capital partner and most recently served as chief revenue officer at Find Satoshi Lab (FSL), the web3 development studio behind the move-to-earn app Stepn. Jiang said she left FSL in May 2025 and co-founded Trasia this May with Edison Chen, who has been building in web3 since 2017.
Trasia began fundraising in May and closed the round last month, Jiang said, declining to disclose the structure of the round, the valuation or whether Multicoin received a board or observer seat.
Jiang said Trasia intentionally raised only a small amount of outside capital because the team wants to first launch its products and demonstrate traction before raising additional funding. She added that more than $35 million in HYPE and USDC has been "committed" to launching Trasia's HIP-3 Asian equity perpetuals market. Asked whether that amount would primarily be used as liquidity, Jiang said it would support "various purposes."
HIP-3, or Hyperliquid Improvement Proposal 3, allows developers to create their own decentralized perpetual futures exchanges on top of Hyperliquid's infrastructure by posting a 500,000 HYPE staking bond. The largest HIP-3 application by trading volume today is Trade.xyz.
How Trasia plans to stand out Like Trade.xyz, Trasia is building a Hyperliquid-based perpetual futures platform, but with a focus on Asian traders. Trasia has launched its web trading interface in Chinese and English, with a native mobile app planned for August. Trasia is also set to launch Asia Points, an invite-only trading rewards program for early users.
Trasia initially offers Hyperliquid's native perpetual markets before introducing its own later this year. Jiang said the platform has not yet decided which contracts it will launch first because market conditions can change quickly. The initial focus will be on companies involved in AI infrastructure, particularly those approaching public listings or already attracting strong investor interest across Asia.
When asked how Trasia differs from Hyperliquid and other HIP-3 platforms such as Trade.xyz, Jiang said the platform can reach users who are not already trading on Hyperliquid or Trade.xyz.
"If all of our trading flow today came from the same pool as Trade.xyz's — the same group of traders — then we'd have no chance whatsoever," Jiang said. "The real moat is the unique users you can reach and own."
Jiang said Trasia is targeting users who have never heard of Hyperliquid or Trade.xyz and, in many cases, are not yet familiar with onchain trading. She said the platform plans to reach those users through a mobile-first experience, regional distribution channels and its local network. "We also have team members who have strong regional connections," she added.
Trasia currently has a team of 10 people based primarily across Hong Kong, Taiwan and Tokyo, Jiang said.
"We are long the Hyperliquid ecosystem, and we expect Trasia to gain meaningful market share quickly and become a dominant force in the years to come," said Tushar Jain, managing partner and CIO at Multicoin Capital.
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Decentralized exchanges were supposed to be the scrappy underdogs, perpetually outgunned by Binance and its centralized cousins. Someone forgot to tell Hyperliquid.
The decentralized perpetual futures platform has reached a 9.3% share of global aggregate perpetual open interest, measured against centralized exchanges. That number, reported by hypeflows.com, marks a record high for the platform and represents a genuine milestone for on-chain trading at large.
From 6.9% to 9.3% in six weeks Back in late May 2026, Hyperliquid held a 6.9% share of aggregate perpetual open interest. By early July 2026, that figure had climbed to 9.3%.
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Total perpetual open interest on the platform peaked at approximately $11.14B in mid-2026. Hyperliquid now also commands over 70% of on-chain perpetual futures volume across all decentralized platforms.
HIP-3 is doing the heavy lifting A significant portion of the open interest growth traces back to HIP-3, Hyperliquid’s permissionless market framework launched on October 13, 2025.
HIP-3 lets anyone spin up a perpetual market on Hyperliquid without needing approval from a central team. The result has been an explosion of tradable assets that go well beyond crypto, including equities, commodities, indices, and pre-IPO assets.
The HIP-3 markets have added several billion dollars to Hyperliquid’s total open interest figure, according to the research. That means a material chunk of the platform’s record-breaking number is coming not from Bitcoin or Ethereum perps, but from real-world asset markets that CEXs have not traditionally offered retail traders in this format.
The architecture that makes it work Hyperliquid runs on its own Layer-1 blockchain. The platform currently supports over 300 markets, with high transaction throughput and fully on-chain settlement. Non-custodial means users retain control of their funds at all times.
What this means for traders and the broader market Hyperliquid is no longer a niche product. A 9.3% share of global perpetual open interest, measured against the largest centralized venues in the world, puts it in serious conversation as a tier-one trading venue by volume and positioning metrics.
The HYPE token, Hyperliquid’s native asset, is closely tied to the platform’s growth trajectory. As open interest rises, fee revenue accruing to the protocol increases, which feeds directly into token valuation models.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
For the quarter ended June 2026, Alcoa (AA - Free Report) reported revenue of $3.97 billion, up 31.4% over the same period last year. EPS came in at $2.12, compared to $0.39 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.91 billion, representing a surprise of +1.53%. The company delivered an EPS surprise of -9.01%, with the consensus EPS estimate being $2.33.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Alcoa performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average realized third-party price per metric ton of alumina: $334.00 compared to the $319.06 average estimate based on two analysts.Average realized third-party price per metric ton of aluminum: $4,752.00 versus $5,009.54 estimated by two analysts on average.Average cost per metric ton of aluminum shipped: $2,481.00 versus the two-analyst average estimate of $2,578.81.Third-party alumina shipments in Tons: 1,618.00 Kmt versus 1,568.57 Kmt estimated by two analysts on average.Total sales- Aluminum: $3.34 billion versus the three-analyst average estimate of $3.34 billion. The reported number represents a year-over-year change of +70.1%.Total sales- Alumina: $1.09 billion versus $975.67 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -28.2% change.Third-party sales- Alumina: $552 million compared to the $489.67 million average estimate based on two analysts. The reported number represents a change of -34.5% year over year.Total Third-party sales: $3.97 billion versus the two-analyst average estimate of $3.99 billion. The reported number represents a year-over-year change of +31.9%.Total Third-party sales- Alumina (including Bauxite): $637 million versus the two-analyst average estimate of $585.03 million.Intersegment sales- Alumina: $453 million versus $430.47 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3% change.Third-party sales- Aluminum: $3.33 billion versus the two-analyst average estimate of $3.4 billion. The reported number represents a year-over-year change of +70.3%.Third-party sales- Bauxite: $85 million versus $95.36 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -59.1% change.View all Key Company Metrics for Alcoa here>>>
Shares of Alcoa have returned -21.3% over the past month versus the Zacks S&P 500 composite's +0.5% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
CME Group spustila 8. června futures na Nasdaq CME Crypto Index, které přes jeden kontrakt dávají expozici na osm kryptoměn včetně BTC a ETH. Kontrakty jsou finančně vypořádané a existují ve standardní i mikro velikosti. Vypořádávají se podle Nasdaq CME Crypto Settlement Price Index (NCIS).
CME Group just made it a lot easier to bet on the broader crypto market without picking individual winners. The exchange giant launched its Nasdaq CME Crypto Index futures on June 8, giving traders exposure to eight leading cryptocurrencies through a single contract.
The futures track eight tokens via the Nasdaq CME Crypto Index: BTC, ETH, SOL, XRP, ADA, LINK, BCH, and XLM. The weighting is continuous and based on market capitalization, meaning Bitcoin and Ether dominate the index while smaller tokens like Stellar contribute proportionally less. The contracts settle to the Nasdaq CME Crypto Settlement Price Index, known as NCIS. They’re financially settled, which means no actual crypto changes hands.
CME is offering two contract sizes. The standard version runs $10 per index point, while the micro contract comes in at $1 per index point.
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Why this matters for institutional crypto CME has been methodically building out its crypto derivatives menu for years. Bitcoin futures launched back in 2017. Ether futures followed. Micro versions of both came later. But all of those are single-asset products.
Giovanni Vicioso, a key executive involved in the launch, described it as a milestone in digital asset market expansion. The partnership with Nasdaq adds credibility that pure-crypto exchanges can’t easily replicate.
The launch also fits into a broader pattern at CME during the second quarter of 2026. The exchange rolled out futures for Avalanche (AVAX) and Bitcoin volatility products during the same period.
The liquidity question and what to watch There has been no significant trading volume or pricing data reported since the June 8 launch, which is entirely normal for this stage.
Eight tokens is a decent basket, but the crypto market has hundreds of liquid assets. A market-cap weighted index dominated by Bitcoin and Ether might not provide as much diversification as the marketing suggests. Depending on BTC and ETH’s combined weight, the index could behave almost identically to a simple Bitcoin-Ether blend.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
JPMorgan uvedl, že navýšení hotovostní rezervy Strategy na 3 miliardy USD snižuje riziko nuceného prodeje bitcoinu. Současně se na CME zlepšila poptávka po futures a perpetual kontraktech.
JPMorgan analysts report improved prospects for Bitcoin as financial services company Strategy has expanded its dollar reserves and institutional demand strengthens in futures markets. The analysts point to these developments as key factors shaping recent shifts in the cryptocurrency’s environment.
Institutional futures demand strengthensFutures and perpetual contract flows have turned positive at the CME, signaling renewed interest from institutional and professional traders. This uptick contrasts with the volatility seen in US spot Bitcoin exchange-traded funds, where inflows and redemptions have marked recent weeks.
JPMorgan, a global banking giant, notes that institutional positioning through derivatives often provides a more stable outlook for Bitcoin, even when direct spot purchases fluctuate. This trend suggests that some large market participants are gradually increasing their exposure in spite of inconsistent demand from spot Bitcoin ETF investors.
Flows into leveraged exchange-traded funds tied to Strategy have also remained positive over the past seven weeks, with retail investors believed to be major contributors. As a result, Strategy’s stock continues to trade at a premium compared with the underlying value of its Bitcoin holdings.
Flows into CME Bitcoin futures and perpetual contracts have turned positive, indicating that some institutions are rebuilding their Bitcoin exposure despite weak and uneven interest on spot ETFs, according to JPMorgan’s analysis.
This premium allows Strategy more flexibility in raising new capital through equity sales, reducing pressure to sell Bitcoin and thereby providing an extra buffer against market downturns.
Strategy’s cash reserve expansionStrategy announced a $450 million increase in its US dollar reserve, raising the total to $3 billion as of July 12. This influx was accomplished by selling approximately 4.82 million common shares in just one week, generating $466.7 million in proceeds.
The company, which is publicly listed and known for its extensive Bitcoin treasury strategy, now holds enough cash to cover about 20 months of preferred dividend payments. While JPMorgan’s analysts maintain that reserves covering two to three years would deliver more robust protection, they recognize the current increase as a positive measure for short-term obligations.
With these additional reserves in place, Strategy may avoid selling digital assets to meet commitments, instead managing dividends and interest expenses during periods of price volatility.
At the end of the latest reporting period, Strategy maintained its Bitcoin holdings at 843,775 BTC, representing a total purchase cost of approximately $63.69 billion. The company made neither additional Bitcoin purchases nor sales during the reported week.
Chief Executive Phong Le emphasizes that Strategy intends to continue as a significant long-term Bitcoin acquirer, describing the company’s balance sheet as secure. He further states that debt-related pressure would only become problematic if Bitcoin’s price fell sharply to the $8,000 to $10,000 range.
The company has also indicated that it may issue more preferred shares if their value returns to target levels, using the proceeds to purchase additional Bitcoin or to further grow its dollar reserves.
JPMorgan analysts say that, although it is difficult to determine how the recent reserve increase has impacted overall Bitcoin sentiment, these moves have alleviated immediate concerns about forced Bitcoin sales. For now, the derivatives market and robust cash holdings provide more supportive signals for Bitcoin compared to spot ETF flows.
Mini dictionary: Strategy refers to a company publicly known for holding significant amounts of Bitcoin on its balance sheet as part of its treasury strategy, often issuing new shares to raise capital for further Bitcoin purchases.
MetricPrevious LevelCurrent LevelStrategy cash reserve$2.55 billion$3 billionStrategy BTC holdings843,775 BTC843,775 BTCAggregate BTC purchase cost–$63.69 billionDisclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
DTCC spustila tokenizaci aktiv v živém provozu, včetně Russell 1000, hlavních ETF a amerických státních dluhopisů. Do obchodů se zapojilo více než 30 firem.
The Depository Trust & Clearing Corporation (DTCC), the primary clearing and settlement provider for U.S. securities and custodian of $114 trillion in assets, has advanced its tokenization initiative into live production. This marks a significant milestone in the modernization of U.S. financial infrastructure, bridging the gap between traditional and digital assets.
DTCC’s tokenization strategy enters live operationOn July 15, DTCC confirmed that live production trading had commenced for tokenized versions of Russell 1000 stocks, major exchange-traded funds (ETFs), and U.S. Treasuries. More than 30 firms participated in these trades, bringing together established banking institutions and digital market leaders in a landmark demonstration of cross-industry collaboration.
The full commercial launch of the platform is expected to occur in October 2026. DTCC’s media outreach distilled the initiative’s progress in four words: “From experimentation to production.” The step signals a decisive move beyond pilot programs and towards large-scale adoption of blockchain-based solutions within financial markets.
DTCC’s transition from test phase to live production covers a broad range of assets and includes over 30 participating firms, aligning established financial entities with digital market innovators.
The company’s approach centers on integrating tokenized assets into established clearing rails, aiming to improve speed, transparency, and efficiency across the trading ecosystem.
Nadine Chakar leads DTCC’s digital agendaNadine Chakar, Managing Director and Global Head of DTCC Digital Assets, has played a pivotal role in the institution’s transition to digital securities and tokenization at scale. In December 2025, the Securities and Exchange Commission (SEC) granted DTCC a no-action letter, enabling the firm to tokenize institutional-grade assets spanning the Russell 1000, top ETFs, and government securities without requiring immediate legislative clarity under the CLARITY Act.
Chakar described the milestone as “just the beginning,” emphasizing that July 15 marks the shift from strategic planning to real-world execution for DTCC’s roadmap.
Mini dictionary: No-action letter, a formal assurance from the SEC that it will not take enforcement action against an entity’s actions, provided certain guidelines are followed.
Ripple’s integration and Prime brokerage ambitionsRipple Prime, a subsidiary formed after Ripple’s acquisition and rebranding of Hidden Road in April 2025, now holds membership in DTCC’s 50-firm Industry Working Group. This group also includes influential names such as Goldman Sachs, JPMorgan, and BlackRock. As part of its integration, Ripple Prime has gained direct access to DTCC’s clearing network, setting the stage for elevated participation in future developments.
With the October launch, Ripple Prime is positioned to connect tokenized assets settled via DTCC with the XRP Ledger’s liquidity pools as service expansion continues globally. The infrastructure to bridge traditional securities with the blockchain is moving from concept to operational reality.
Mini dictionary: Ripple Prime, the prime brokerage and institutional trading division of Ripple, enables advanced access to market infrastructure and clearing services for digital and tokenized assets.
InitiativeAsset CoverageGo-live DateDTCC TokenizationRussell 1000, ETFs, TreasuriesJuly 15, 2026 (pilot), October 2026 (full launch)Ripple Prime x DTCC PartnershipInstitutional digital assetsApril 2025 (acquisition), October 2026 (full launch)The XRP community responded quickly to DTCC’s announcements, filling official social channels and related content with discussion and analysis. Enthusiasts highlighted DTCC’s video on tokenization, noting the prominent presence of XRP advocates and interpreting it as an acknowledgment of Ripple’s longstanding involvement in the system.
Observers within the XRP community emphasized that July 15 marks a transition point, as tokenized assets move from experimental pilots to industry adoption across more than 50 organizations.
A number of posts emphasized the scale, describing the shift as “the moment the roadmap becomes reality” and underscoring the significance of 24/7 on-chain settlement for major asset classes.
Looking ahead to October 2026With the October rollout, Ripple Prime will gain unprecedented access to settlement infrastructure, with the opportunity to merge DTCC-handled assets and XRP Ledger liquidity on a global level. Industry leaders say the technology is now operational rather than theoretical, positioning the sector for accelerated innovation in securities clearance and tokenized trading.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
SWIFT spouští blockchainovou sdílenou účetní knihu pro koordinaci tokenizovaných vkladů 24/7. Konečné vypořádání ale dál běží přes staré systémy, což vyvolalo otázky v komunitě XRP.
SWIFT has unveiled its blockchain-based shared ledger, aiming to streamline coordination of tokenized deposits across banks and financial institutions around the clock. While the new infrastructure brings 24/7 processing to cross-institutional transactions, it continues to rely on legacy settlement systems for the final transfer of value, leaving some in the XRP community questioning whether this approach fully meets the demands of modern finance.
SWIFT responds to evolving global payment needsAvalon Ingram, SWIFT’s Digital Assets Business Lead for Asia Pacific, highlighted the changing expectations among customers, especially regarding the timing and availability of cross-border payments. Ingram explained that financial clients now routinely expect payment services to be “24/7 and real-time,” a notable shift from the limitations of traditional banking hours.
Ingram has emphasized that customer expectations are changing, with cross-border payments increasingly needing to be available at any time and settled instantly.
SWIFT’s blockchain ledger is designed to act as an orchestration layer. It coordinates payment instructions between participating entities without moving funds on-chain, providing improved transparency and reduced friction in the payment process. However, actual settlement of value frequently reverts to established financial rails, resulting in delays that can last hours or days for some cross-border transactions.
XRP’s settlement advantage gains attentionRipple’s On-Demand Liquidity (ODL) solution, using its native digital asset XRP, directly addresses these settlement delays. As a neutral bridge asset, XRP enables transactions to settle nearly instantly, bypassing the need for banks to hold pre-funded nostro and vostro accounts in various currencies. This can allow financial institutions to operate with greater efficiency and less capital tied up in international accounts.
The XRP Ledger is an open-source, decentralized blockchain purpose-built for fast and cost-effective cross-border payments. By using XRP as a bridge asset, it allows instant conversion and settlement between different fiat currencies.
Ingram’s comments regarding demand for speed and constant availability closely mirror Ripple’s position: while messaging and coordination provided by networks like SWIFT improve communication between counterparties, only true digital settlement mechanisms such as XRP can address the liquidity challenges that delay the actual movement of value.
Mini dictionary: Nostro and vostro accounts are bank accounts used to facilitate international transactions. A nostro account is operated by a bank in a foreign country and kept in the foreign currency, while a vostro account refers to an account that another bank holds in the domestic currency.
Future of payment infrastructure: Hybrid models emergeSeveral banks involved in SWIFT’s pilot programs already maintain connections or partnerships with Ripple, pointing toward a possible hybrid approach for the future. In such a setup, SWIFT’s blockchain infrastructure could coordinate payment instructions, while settlement might occur on digital asset networks such as the XRP Ledger to meet the increasing expectation for continuous, real-time settlement.
As demands for instant and always-available international transfers grow louder, institutions appear increasingly receptive to both orchestration solutions like SWIFT’s shared ledger and specialized digital settlement layers such as XRP.
Ingram’s push to update SWIFT’s services echoes the challenges that have motivated digital asset solutions from the start. While SWIFT is upgrading coordination and communication, XRP continues to position itself as a viable solution for the settlement gap.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
DTCC spustila první tokenizované převody akcií v ostrém provozu a Citadel Securities bude prvním účastníkem. Jde o největší tokenizační iniciativu v produkci podle šíře use casů, tříd aktiv i počtu účastníků. Citadel Securities spravuje zhruba 69 miliard USD aktiv.
The Depository Trust and Clearing Corporation (DTCC), a major financial market infrastructure provider responsible for clearing and settlement of nearly all US stock and bond trades, has initiated its first equity conversions and tokenized infrastructure in live production. Citadel Securities, a leading market maker overseeing approximately $69 billion in assets under management, will be the first to participate in this rollout.
Citadel’s role and ties to RippleCitadel’s involvement draws particular attention due to its notable connections with Ripple and the XRP Ledger. In October 2025, Citadel joined Fortress in a $500 million strategic investment in Ripple. This move aligns with Ripple’s ongoing efforts to expand the institutional adoption of blockchain technology.
As detailed by blockchain analyst SMQKE, Citadel’s partnership with Ripple coincides with a series of major milestones for the fintech company, including high-profile acquisitions and the integration of RLUSD, Ripple’s stablecoin for on-chain settlement.
DTCC’s traditional infrastructure underpins an estimated $114 trillion in securities. This enormous volume is fueling speculation about how much liquidity proven blockchain platforms, such as the XRP Ledger, could provide for instant settlement of tokenized assets.
InstitutionAssets in ScopeKey Blockchain TieDTCC$114 trillion (traditional securities)Tokenized settlement railsCitadel$69 billion AUMRipple/XRP LedgerMini dictionary: DTCC — The Depository Trust and Clearing Corporation is a central player in US markets, streamlining the clearing and settlement process for equities, bonds, and other assets. It is critical to maintaining financial stability and efficiency on Wall Street.
Tokenization and market implicationsThe initial phase of DTCC’s tokenized trades has now commenced, but the broader impact on the real world asset (RWA) market remains to be seen. Citadel’s investment in Ripple has positioned XRP’s On-Demand Liquidity (ODL) solution as a foundational component of this evolving ecosystem. Meanwhile, SWIFT’s recent introduction of a multi-chain digital ledger allows for interoperability across a range of blockchains, potentially expanding the field to several networks beyond XRP Ledger for such infrastructure projects.
Ripple’s influence has grown through regulatory victories and expanded use among institutions. The acquisition of GTreasury in 2023 helped Ripple process $13 trillion in transaction volume without direct involvement with cryptocurrencies. Observers expect that as tokenization of traditional assets progresses, blockchain networks like the XRP Ledger could capture a greater share of new financial flows.
RLUSD, Ripple’s own US dollar stablecoin, has crossed $1.5 billion in market capitalization just a year after launch. Its role in the swiftly changing regulatory environment could become even more prominent if the Clarity Act — a key digital asset policy proposal — gains approval.
Mini dictionary: RLUSD — RLUSD is Ripple’s stablecoin pegged to the US dollar, designed for fast and reliable transactions across the XRP Ledger, supporting both traditional and crypto-native payment flows.
Ripple’s legal battles and Wall Street integrationRecent regulatory developments have energized the XRP community after Ripple secured a significant victory against the US Securities and Exchange Commission (SEC). David ‘JoelKatz’ Schwartz, Ripple’s Chief Technology Officer, emphasized the far-reaching consequences of this legal battle through a widely shared post on X, clarifying the complex treatment of XRP sales in relation to securities regulations and referencing statements by former SEC Chair Gary Gensler.
David Schwartz highlighted that all XRP transactions were handled as securities by regulators, challenging the notion that only specific unregistered sales were under scrutiny and pointing to prior comments by Gary Gensler for context.
The DTCC described its partnership with Citadel as a “notable milestone that marks the largest tokenization production initiative in breadth of use cases, asset classes and number of participants.” This has generated speculation regarding the capacity of XRP Ledger to scale and process a substantial share of the $114 trillion tokenization opportunity, building on its track record of supporting multi-billion dollar daily volumes.
Citadel, a private financial services firm, does not publicly disclose its full valuation, which can vary by source. However, its direct collaboration with Ripple signals an active pursuit of a greater stake in the tokenized financial infrastructure now emerging around DTCC’s backbone.
Market participants are closely watching how much of the immense tokenization opportunity will fall to established blockchain networks such as the XRP Ledger as Wall Street continues to bring assets on-chain.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cardano has fallen 1.39% to $0.1628 as rising short positions have outweighed whale demand two days before the Van Rossem hard fork.
Summary
ADA fell to $0.1628 as traders increased short positions before the Van Rossem fork. Cardano whales accumulated ADA despite negative funding rates and rising futures open interest. Liquidity clusters at $0.160 and $0.170 could shape ADA’s next major move. According to data from crypto.news, from July 16 showed ADA traded between an intraday low of $0.1611 and a high of $0.1664, extending its retreat from an early-July peak near $0.195. The decline came even as large holders accumulated ADA and Cardano prepared to activate its most important network update in years.
CoinGlass data placed ADA’s weighted funding rate at -0.0067%, indicating that traders holding short positions were paying those betting on a price increase. The long-to-short ratio stood at 0.58, while open interest rose 4% to $421 million as traders added new leveraged positions.
Those readings show that derivatives traders remained positioned for further losses before the upgrade, according to CoinGlass. However, the concentration of short bets also raises the risk of liquidations if ADA moves sharply higher.
Whale demand collides with bearish futures bets Notably, wallets holding between 100,000 and 100 million ADA had increased their balances to the highest level since 2023. The accumulation is possible positioning by large investors before Van Rossem goes live.
Cardano’s governance approved the hard fork on July 13, according to Intersect, with activation scheduled for July 18. Intersect has also urged infrastructure providers to update their software before the network crosses the hard fork boundary.
van Rossem hard fork update 🍴
Following ratification on July 13, 2026, the van Rossem hard fork will be enacted on:
🗓️ Date: July 18, 2026
🕤️ Time: 21:44:51 UTC
🎰 Slot: 192,844,800
Once again, any infrastructure providers still needing to upgrade in order to safely cross…
— Intersect (@IntersectMBO) July 15, 2026 Van Rossem is expected to lower execution costs, which would make transactions and applications cheaper to run on Cardano, according to Intersect. The update will also prepare the network for Leios, a later scaling upgrade intended to increase transaction capacity before the end of 2026.
The upgrade follows Vasil, which improved Cardano’s network performance and smart-contract efficiency when it activated on Sept. 22, 2022, according to Cardano’s official hard-fork record.
Despite the whale purchases, TradingView’s daily chart showed ADA holding below the Murrey Math resistance at $0.1709. Chaikin Money Flow remained slightly positive at 0.04, suggesting that buying pressure had not disappeared even as the token lost ground.
Cardano daily price chart — July 17 | Source: crypto.news ADA faces liquidity pressure near $0.160 On the 4-hour chart, ADA had crossed above a descending trendline drawn from its July peak, but the move had not produced a sustained rally. TradingView’s Relative Strength Index stood at 46.92, below its moving average of 50.95, placing momentum on the bearish side of neutral without showing oversold conditions.
Cardano 4-hour price chart — July 17 | Source: crypto.news The same chart placed the nearest major Murrey Math support at $0.1465. A daily close above $0.1709 would instead clear the bottom of the indicated trading range and leave the $0.1953 pivot as the next visible resistance.
CoinGlass’s three-day liquidation heatmap showed the nearest dense liquidity pool between $0.160 and $0.161, directly below ADA’s market price. A larger concentration appeared around $0.170, closely matching the resistance shown on the daily chart.
Cardano liquidation heatmap | Source: CoinGlass Based on the heatmap, a drop below $0.160 could trigger leveraged long liquidations and expose the $0.1465 support. A move through $0.170, however, could force short sellers to close positions and strengthen the recovery attempt as Van Rossem goes live.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
CTO Credo Technology Group Holding Ltd Chi Fung Cheng prodal přes rodinný trust Cheng Huang Family Trust 27 500 akcií za 6,6 milionu USD v rámci plánu 10b5-1. Po prodeji stále drží zhruba 3% podíl a akcie jsou za rok výše o 139%.
Chi Fung Cheng, the chief technology officer at Credo Technology Group Holding Ltd (CRDO 8.63%), sold 27,500 shares on July 14, 2026, according to a recent SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$6.6 millionShares sold (indirectly held)27,500Post-transaction shares (directly held)140,358Post-transaction shares (indirectly held)5,854,870Post-transaction value$1.4 billionTransaction value based on SEC Form 4 weighted average sale price ($240.21); post-transaction value based on July 14, 2026 market close ($236.18).
Key questionsWhat were the specific parameters of this disposition?
The transaction was executed by the Cheng Huang Family Trust under a Rule 10b5-1 trading plan adopted on September 5, 2025. The trust is managed by Cheng Chi Fung and his spouse as trustees for the benefit of their family, and the sale was conducted in multiple trades at prices ranging from $235.79 to $250.49.How does this transaction relate to the insider's total equity exposure?
The sale of 27,500 shares represented a 0.46% reduction in the insider's total direct and indirect equity holdings. Following the trade, the insider continues to hold roughly 140,000 shares directly and 5.9 million shares indirectly, maintaining a 3% ownership stake in the company.What is the current market context for the company?
As of the July 15, 2026 market close, shares were priced at $226.74. At the time of the transaction on July 14, 2026, the stock had delivered a one-year total return of 139%, reflecting a period of significant appreciation for the semiconductor firm.Company OverviewMetricValueShare Price (as of market close 2026-07-15)$226.74Market Capitalization$42.3 billionRevenue (TTM)$1.3 billionNet Income (TTM)$472.3 millionCompany SnapshotCredo Technology Group designs and delivers advanced high-speed connectivity solutions, including integrated circuits, active electrical cables, and SerDes chiplets for optical and electrical Ethernet applications across global markets.The company generates revenue through the development and sale of proprietary semiconductor products and connectivity solutions that enable high-speed data transmission for enterprise and infrastructure customers.Credo's primary customer base includes leading technology and telecommunications companies requiring advanced connectivity infrastructure, with geographic presence spanning the United States, Mexico, China, Hong Kong, and other international markets.Credo Technology Group is a semiconductor specialist with a $42.3 billion market capitalization, generating $1.3 billion in TTM revenue with a net profit margin of approximately 36.3%. The company has established a competitive position through proprietary SerDes chiplet technology and integrated circuit solutions that address the growing demand for high-speed Ethernet connectivity in data center and telecommunications infrastructure applications.
What this transaction means for investorsThis filing effectively details a billionaire co-founder skimming a sliver off an enormous position, and it’s not a signal to chase. Cheng sold through his family trust under a plan set last September, and 27,500 shares clears less than half a percent of his roughly 6 million shares. Those holdings are worth well over $1.3 billion, so a founder who built the company's core SerDes technology parting with this little, on a preset schedule, after a 139% run, is basically diversifying.
He's also not the only insider selling on plan lately, which can look jumpy but reflects an inner circle taking profits after a historic stretch. Credo tripled fiscal 2026 revenue past $1.3 billion and grew non-GAAP net income more than fivefold to $662 million. Of course, the stock remains prone to volatility, having fallen over 30% from an all-time just a few weeks ago, but that seems more largely tied to broader sentiment in semiconductor names, as opposed to execution, which should matter more in the long run.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The largest stablecoin highway in crypto just got tinted windows. Private swap and transfer features for USDT are now live on the TRON network, courtesy of Symbiosis Finance, giving users the ability to execute cross-chain transactions with significantly reduced on-chain visibility.
The launch, which went live on July 16, targets one of the most active corridors in decentralized finance: Ethereum-to-TRON transfers. For a network that handles over $23.8 billion in average daily USDT transfers, adding a privacy layer isn’t a novelty feature. It’s infrastructure.
What the privacy features actually do Symbiosis Finance rolled out two distinct products: Private Swap and Private Send. The distinction matters.
Private Swap lets users exchange tokens across chains while obscuring the connection between the source and destination wallets. Think of it like paying for coffee with cash instead of a credit card. The transaction still happens, but the paper trail gets a lot harder to follow.
Private Send, meanwhile, is a direct transfer tool. Users can move USDT (or other supported tokens) from one wallet to another with enhanced privacy protections. In English: you can send stablecoins without broadcasting your entire financial history to anyone watching the blockchain.
Symbiosis has noted that Private Swap mode works particularly well with privacy-oriented or semi-centralized providers, suggesting the system is designed to layer on top of existing infrastructure rather than replace it entirely.
Both features are accessible through the Symbiosis Finance platform, which offers a dedicated app for these transactions. The initial focus on the Ethereum-to-TRON corridor makes strategic sense given the sheer volume of stablecoin activity flowing between these two networks.
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TRON’s stablecoin dominance by the numbers Here’s the thing about TRON: it quietly became the backbone of global USDT activity while most of crypto Twitter was debating which Layer 2 would win Ethereum’s scaling wars.
TRON’s circulating supply of USDT now exceeds $90 billion. To put that in perspective, that’s roughly the GDP of Kenya sitting on a single blockchain network in the form of one stablecoin.
The transfer volume is even more staggering. TRON has processed approximately $4.2 trillion in USDT transfers year-to-date as of July 2026. That’s not a typo. Trillion, with a T. The network handles over 12 million transactions daily and supports hundreds of millions of accounts.
These aren’t speculative DeFi trades or NFT mints. The bulk of TRON’s USDT activity is real-world value transfer: remittances, payments, peer-to-peer settlements. The kind of transactions where privacy isn’t a luxury but a legitimate concern.
The privacy launch also builds on a growing ecosystem of cross-chain tools connecting to TRON. THORChain integrated native TRX and USDT-TRC20 swaps back in October 2025, establishing another bridge between TRON and the broader DeFi universe. Symbiosis Finance’s privacy layer adds a new dimension to that interoperability story.
Why privacy on stablecoin rails matters now Privacy in crypto has always been a loaded topic. Regulators see it as a potential compliance headache. Users see it as a fundamental right. The reality, as usual, lives somewhere in between.
What’s changed is the scale of on-chain activity. When TRON is moving nearly $24 billion in USDT per day, every single one of those transactions is visible to anyone with a block explorer. That’s the equivalent of publishing every wire transfer, Venmo payment, and cash handoff on a public billboard.
For individuals sending remittances home, for small businesses settling invoices, for traders managing positions across exchanges, that level of transparency creates real risks. Front-running, targeted phishing, competitive intelligence gathering. The list of ways transparent transactions can be exploited grows longer as on-chain analytics tools get more sophisticated.
Symbiosis Finance’s approach sidesteps the most contentious aspects of the privacy debate by focusing on practical usability rather than ideological purity. These aren’t privacy coins with their own token economics and regulatory baggage. They’re privacy features layered on top of the world’s most widely used stablecoin, on the network that moves the most of it.
That’s a meaningful distinction. Privacy-focused blockchains like Monero and Zcash have faced delistings from major exchanges and regulatory scrutiny in multiple jurisdictions. Adding optional privacy to USDT transfers on TRON is a subtler play, one that gives users choice without forcing the entire network into a regulatory gray zone.
Look, whether regulators will see it that way is another question entirely. The global regulatory landscape for privacy-enhancing technologies remains fragmented and evolving. But the demand signal is clear: users want more control over who can see their transactions.
For investors watching the TRON ecosystem, the privacy launch reinforces the network’s positioning as the dominant stablecoin settlement layer. TRON already had the volume, the low fees, and the speed. Now it has a privacy option that competitors on Ethereum’s Layer 2s haven’t matched at this scale.
The competitive implications extend beyond just TRON versus other networks. DeFi protocols that fail to offer privacy features may find themselves losing users to platforms that do, particularly in regions where financial surveillance is a genuine concern. Symbiosis Finance is betting that privacy will become a standard expectation rather than a niche feature, and TRON’s massive user base gives that bet a substantial runway to prove out.
Whether this attracts institutional interest is the bigger question. Large players have historically been wary of privacy tools due to compliance obligations. But optional privacy, where users can choose enhanced confidentiality for legitimate purposes while still maintaining the ability to prove transaction history when needed, could thread that needle. The stablecoin settlement layer that figures out compliant privacy first will have a significant competitive moat, and TRON just took a visible step in that direction.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Sentora spustila na Stellar své kurátorované vaulty pro instituce a fintechy, které chtějí onchain výnos s vestavěnými kontrolami rizika. Jde o první integraci Sentora s touto sítí.
Sentora brings curated vaults to StellarInstitutional DeFi platform @SentoraHQ has launched its curated vault product on @StellarOrg, making it live now through Ultrastellar's Stellar DeFi Hub and yield.xyz. It marks Sentora's first integration with the Stellar network, aimed squarely at fintechs and financial institutions looking to access onchain yield without sacrificing risk controls.
The timing is deliberate. The total market cap of tokenized real-world assets on Stellar has surpassed $3 billion, representing roughly a 300% increase from where the network stood in early 2025. That growth has been driven by a range of institutional issuers, with Spiko accounting for over $1 billion in assets on the network, Franklin Templeton's BENJI token sitting at approximately $654 million, and Ondo Finance's USDY contributing around $529 million.
Sentora describes itself as a DeFi infrastructure and strategy partner for institutional capital allocators. Its vault platform is built around the idea that risk controls come first, with yield as the output rather than the starting point. The firm has allocated over $2 billion across onchain strategies and shaped more than 300 strategies across multiple market cycles.
Risk-first design for regulated institutionsThe Stellar integration is specifically structured for institutions and fintechs that need onchain yield with compliance and risk management baked in from the start. Sentora's vaults operate through audited smart contracts on a non-custodial basis, meaning client assets remain under their own control throughout. The platform also incorporates KYC, AML, and jurisdictional screening as standard parts of the onboarding process.
The Stellar network itself has characteristics that make it a practical fit for this kind of institutional product. The network has maintained 99.99% uptime and kept average fees at around one hundredth of a penny, while its architecture includes built-in compliance tools such as controlled access accounts and clawback capabilities that regulated institutions require.
Sentora says this is the first step in a broader @StellarOrg roadmap, with additional DeFi and RWA strategies planned. The integration positions the firm at the intersection of two converging trends: rising institutional demand for compliant onchain yield products, and Stellar's rapid growth as a primary settlement layer for tokenized real-world assets.
Simmons First National oznámila zisk na akcii 0,5 USD, což je pod odhadem 0,53 USD. Tržby činily 251,6 milionu USD a také mírně zaostaly za očekáváním.
Simmons First National (SFNC - Free Report) came out with quarterly earnings of $0.5 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -5.66%. A quarter ago, it was expected that this bank holding company would post earnings of $0.47 per share when it actually produced earnings of $0.47, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Simmons First National, which belongs to the Zacks Banks - Southeast industry, posted revenues of $251.6 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.18%. This compares to year-ago revenues of $214.18 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Simmons First National shares have added about 23.2% since the beginning of the year versus the S&P 500's gain of 10.6%.
What's Next for Simmons First National?While Simmons First National has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Simmons First National was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.54 on $257.38 million in revenues for the coming quarter and $2.08 on $1.01 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Capital City Bank (CCBG - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 21.
This bank holding company is expected to post quarterly earnings of $0.91 per share in its upcoming report, which represents a year-over-year change of +3.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Capital City Bank's revenues are expected to be $64 million, up 1.3% from the year-ago quarter.
DTCC provedla první reálné obchody s tokenizovanými americkými akciemi, ETF a státními dluhopisy USA. JPMorgan použila tokenizované podíly Invesco QQQ Trust ETF jako kolaterál u CME Group, přičemž infrastrukturu zajistila Chainlink.
Wall Street just stopped treating tokenized assets like a science experiment. On July 15, the Depository Trust & Clearing Corporation executed its first-ever live production trades involving tokenized US stocks, ETFs, and Treasuries, with JPMorgan posting tokenized shares of the Invesco QQQ Trust ETF as collateral to meet margin requirements at CME Group.
How the trade actually worked JPMorgan tokenized shares of the Invesco QQQ Trust ETF, one of the most widely held index ETFs tracking the Nasdaq-100. Those tokenized shares were then posted as collateral to satisfy margin requirements at CME Group, the world’s largest derivatives marketplace.
Chainlink served as the connective tissue. Its Cross-Chain Interoperability Protocol and Runtime Environment handled the movement and verification of the tokenized assets across different blockchain environments.
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The result was immediate capital efficiency. JPMorgan didn’t need to unwind underlying positions or shuffle cash around to meet its margin obligations. The tokenized collateral moved on-chain, instantly, while maintaining all the legal rights tied to the traditional securities underneath.
The road to production In May 2025, JPMorgan partnered with Chainlink and Ondo Finance to test cross-chain Delivery versus Payment settlements of tokenized Treasuries. DvP is the gold standard in securities settlement: assets and payment change hands simultaneously, eliminating the risk that one side delivers while the other doesn’t.
Then in May 2026, DTCC integrated Chainlink’s Runtime Environment into its Collateral AppChain, a purpose-built system designed for around-the-clock collateral management. That integration gave the infrastructure a production-grade backbone, setting the stage for the July trade.
Why CME accepting tokenized collateral is a big deal Margin collateral at CME has historically meant cash, Treasuries, or a narrow list of approved assets. Adding tokenized equities to that list means one of the most conservative, heavily regulated entities in global finance has formally recognized that digital representations of securities carry the same weight as their traditional counterparts.
What this means for investors For Chainlink specifically, being the infrastructure layer that DTCC and JPMorgan chose for production deployment is a significant competitive moat. The Cross-Chain Interoperability Protocol is positioning itself as the default bridge between traditional finance rails and blockchain networks.
The broader tokenization market has seen adoption concentrated in Treasuries and money market funds. The inclusion of equity ETFs like QQQ signals that the aperture is widening.
With over 40 Wall Street firms participating in this first production trade, the question is no longer whether traditional finance will adopt blockchain-based settlement and collateral management. It’s how quickly the rest of the industry catches up to the firms that already have.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
DeFiTuna uvedla, že útočník z jejích lending poolů odčerpal 580 000 USD a v USDC poolu vznikl odpovídající deficit. Tým tvrdí, že útok rychle omezil a vyšetřování pokračuje.
DeFiTuna, a decentralized finance protocol built on Solana, disclosed that an attacker drained $580,000 from its lending pools on July 16. The exploit left a matching deficit in the platform’s USDC lending pool.
The team says it quickly identified and mitigated the attack vector. Recovery efforts and a deeper investigation into the exploit are underway, though the protocol has not yet detailed how, or whether, affected users will be made whole.
What happened and what we know so far DeFiTuna operates as an automated market maker with native lending features, concentrated liquidity, and support for leveraged positions. Users deposit assets into pools, other users borrow against them, and everyone earns yield based on how much of the pool is being utilized.
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The attacker extracted $580K from those pools, specifically impacting the USDC side of the ledger. That created an immediate deficit, meaning the pool’s liabilities now exceed its assets by that amount.
DeFiTuna confirmed that the exploit pathway has been closed. What remains unclear is the precise mechanism of the exploit. The team hasn’t elaborated publicly, which is understandable during an active investigation.
User reactions on social media centered on two questions: will depositors absorb the loss, and why wasn’t this caught during audits? Both remain unanswered.
DeFiTuna’s background and the trust question DeFiTuna’s feature set combines AMM functionality with lending and leveraged trading. The protocol’s native token, $TUNA, is used for staking and revenue sharing, giving holders a claim on ecosystem fees. The lending pools offer variable APY based on utilization rates.
Back in February 2025, the protocol returned investments it had received from Kelsier Ventures following a scandal involving that firm.
What this means for DeFi investors For DeFiTuna depositors, the immediate concern is whether the USDC pool deficit will be covered. There are a few ways this typically plays out: the protocol can use treasury funds to backstop the loss, socialize the deficit across all depositors, or attempt to recover funds from the attacker.
The team’s next public communication will be critical. Investors will be watching for a detailed post-mortem explaining exactly what went wrong, a concrete plan for addressing the USDC deficit, and evidence that the remaining contracts have been re-audited or formally verified.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Visa spustila Visa Stablecoin Platform pro banky a fintechy, která umožní vydávání, držení i převody stablecoinů v její globální síti. V beta verzi podporuje OUSD, USDC a USDG.
Visa has unveiled the Visa Stablecoin Platform, a new service aimed at banks, fintech firms, and payment providers, designed to streamline the issuance, holding, and transfer of stablecoins within Visa’s global payments network.
Comprehensive stablecoin solution for institutionsThe initiative enables financial institutions to manage stablecoin operations without the need to build their own blockchain infrastructure. Instead, the platform offers an integrated system for stablecoin minting, redemption, wallet management, and treasury services, aligning these functions with Visa’s existing payment and settlement workflows.
Visa’s Chief Product and Strategy Officer Jack Forestell described the new platform as a significant step for enterprises interested in stablecoin adoption. He stated, “Stablecoins are opening up a new layer of programmable money, but for most institutions the hard part isn’t the concept, it’s the operational reality. With the Visa Stablecoin Platform, we’re giving our clients a single place to mint, move, and manage stablecoin operations with the controls, security, and network reach they already expect from Visa.”
With the Visa Stablecoin Platform, we’re giving our clients a single place to mint, move, and manage stablecoin operations with the controls, security, and network reach they already expect from Visa.
The global stablecoin market has reached $304 billion in market capitalization, according to figures from CoinGecko, with most tokens pegged to the US dollar.
Support for Open USD and expansion of stablecoin productsAt its initial launch, the Visa Stablecoin Platform supports Open USD (OUSD), a stablecoin developed by the Open Standard consortium earlier this year. In addition, the service integrates with Visa’s existing stablecoin products, including USDC by Circle and USDG by Paxos.
The platform, which has entered a beta phase with a limited number of customers, allows clients to manage wallets, transfer stablecoins, and integrate new stablecoin workflows into their current treasury and settlement systems. Security features such as transaction approvals and audit trails are also built in.
Mini dictionary: Open Standard consortium, an organization focused on promoting interoperable stablecoin standards and responsible for introducing Open USD (OUSD).
Visa’s ongoing growth in stablecoin marketsVisa’s latest move builds on a series of recent developments in the stablecoin sector. In October, the payments company published research supporting the potential for stablecoins to move part of the $40 trillion global credit market onto blockchain-based platforms. The firm cited $670 billion in stablecoin lending over the past five years as evidence of growing adoption.
In April, Visa broadened its stablecoin settlement capabilities by adding support for additional blockchain networks, including Base, Polygon, Canton, Arc, and Tempo, boosting its total supported blockchains to nine. At that time, Visa reported $7 billion in annualized stablecoin settlements and said it was powering over 130 stablecoin-linked card programs in more than 50 countries.
NetworkSupported by Visa (since April)BaseYesPolygonYesCantonYesArcYesTempoYesVisa, a leader in global payments, continues to expand its digital asset offerings as stablecoins gain traction in both retail and institutional finance.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Marex Group umožnil klientům použít USDC, regulovaný stablecoin vydaný společností Circle, jako počáteční marži pro clearing amerických derivátových obchodů. Oznámení přišlo 16. července. První transakci provedla Prime Trading, LLC, chicagská proprietární obchodní firma, která vložila USDC jako marži; Marex jej poté převedl na hotovost, aby usnadnil její obchodní pozice, přes Coinbase Prime.
For decades, posting margin for derivatives trades meant wiring dollars through a system that still operates on banker’s hours. Marex Group, a publicly traded clearing firm on NASDAQ under the ticker MRX, just made that process look a little antiquated.
On July 16, Marex announced that clients can now use USDC, the regulated stablecoin issued by Circle, as initial margin collateral for US derivatives clearing. The integration runs through Coinbase Prime, which handles custody, instant fiat-to-USDC conversion, and the reporting infrastructure that keeps the whole thing compliant. The inaugural transaction was executed by Prime Trading, LLC, a Chicago-based proprietary trading firm that posted USDC as margin, which Marex then converted to cash to facilitate its trading positions.
How it actually works The Marex and Coinbase setup replaces a chunk of that friction with blockchain rails. USDC moves 24/7 at internet speed, meaning collateral can be posted, adjusted, or withdrawn at any hour, not just during US banking windows.
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In practice, a client holds USDC in a Coinbase Prime account. When margin is needed, the stablecoin is transferred into a segregated, CFTC-compliant environment that Marex manages for clearing operations. Coinbase provides bespoke reporting aligned with Marex’s clearing requirements, essentially acting as the bridge between the crypto-native asset and the regulatory framework that governs futures markets.
The regulatory green light In December 2025, the Commodity Futures Trading Commission issued a no-action letter that effectively permitted the use of stablecoins as margin collateral in derivatives clearing. That letter didn’t change the law, but it told clearing firms and their regulators: go ahead, we won’t pursue enforcement action if you do this within the right guardrails.
The fact that USDC was the stablecoin of choice matters too. It’s fully reserved, meaning every token is backed by cash and short-duration US Treasuries held in segregated accounts. That reserve structure is what makes it palatable to regulators and clearinghouses that need to know the collateral is actually worth what it claims to be.
What this means for institutional markets The most immediate benefit is operational. Firms that trade across time zones or in products linked to 24/7 markets can now manage margin without waiting for a wire to settle.
For Coinbase, the partnership extends its institutional infrastructure play beyond pure crypto trading. Acting as the custody and conversion layer for a regulated derivatives clearing workflow positions Coinbase as a bridge between digital assets and traditional financial market infrastructure.
The risk to watch is regulatory durability. No-action letters can be rescinded, and if a stablecoin used as margin were to depeg during a volatile session, the ensuing mess would give regulators plenty of reason to reconsider.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Coinbase uvedla, že růst USDC a bankovních vkladů jde současně, ne proti sobě. Za šest měsíců USDC vzrostl asi o 4,6–5 % a vklady v americkém bankovním systému zhruba o 4,5–5 %.
Banks have spent the better part of two years warning that stablecoins would siphon money out of the traditional financial system. Coinbase’s chief policy officer has a different take: the numbers don’t support that story.
Faryar Shirzad pointed to a six-month window in which USDC supply grew by approximately 4.6-5% while total demand deposits in the US banking system climbed by roughly 4.5-5%. Both went up. Neither ate the other’s lunch.
The data behind the argument USDC’s circulating supply has reached approximately $75 billion, making it the second-largest stablecoin by market cap.
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A July 2025 study from Charles River Associates, commissioned by Coinbase, examined whether USDC adoption had measurably harmed community bank deposits. The conclusion: no statistically significant negative effects. Community banks, the institutions most often cited as vulnerable to stablecoin competition, appear to be doing just fine.
Shirzad followed up with a blog post in September 2025 that directly rejected what he called the “deposit erosion myth” propagated by banking industry lobbyists.
Why banks keep pushing the narrative anyway Coinbase has obvious incentives here too. The company earns a revenue share of 100% from USDC held on its platform and 50% from other sources. USDC powers around 90% of Coinbase’s spot trading in USD/USDC pairs.
Coinbase’s broader USDC strategy The company’s USDC yield program has historically offered returns up to 5%. Coinbase has also been building out direct deposit functionality, letting users receive paychecks in USDC.
Coinbase is also partnering with other firms to expand stablecoin use in payments, pushing USDC closer to becoming a practical medium of exchange rather than just a trading intermediary.
What this means for investors For Coinbase shareholders, the USDC economics are worth watching closely. When the company earns a full revenue share on platform-held USDC and half on off-platform holdings, every billion dollars of USDC growth translates directly to the income statement. At $75 billion in circulation, the economics are already substantial.
Tether’s USDT still dominates the global stablecoin market, but USDC has been gaining ground in regulated markets, particularly in the US and Europe.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Reddit (RDDT) v poslední seanci oslabil o 6,45 % na 185,26 USD, což bylo horší než pokles širšího trhu. Investoři sledují výsledky, které mají přijít 30. července 2026.
In the latest close session, Reddit Inc. (RDDT - Free Report) was down 6.45% at $185.26. The stock's performance was behind the S&P 500's daily loss of 0.51%. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 1.47%.
Coming into today, shares of the company had gained 19.33% in the past month. In that same time, the Computer and Technology sector lost 2.99%, while the S&P 500 gained 0.53%.
The upcoming earnings release of Reddit Inc. will be of great interest to investors. The company's earnings report is expected on July 30, 2026. The company is expected to report EPS of $0.99, up 120% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $746.89 million, reflecting a 49.49% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.83 per share and revenue of $3.25 billion. These totals would mark changes of +84.35% and +47.64%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Reddit Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Reddit Inc. boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Reddit Inc. has a Forward P/E ratio of 40.97 right now. This expresses a premium compared to the average Forward P/E of 20.31 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 89, placing it within the top 37% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Hedera se integrovala s platformou Utila, čímž rozšiřuje bezpečný institucionální přístup k HBAR a tokenům HTS. Partnerství posiluje její enterprise zázemí a compliance infrastrukturu.
Enterprise blockchain adoption doesn’t get limelight overnight, but Hedera today added another piece to a much bigger puzzle. The network has integrated with Utila, which is known as an institutional grade digital asset custody and wallet infra provider.
By joining hands they are expanding secure access to HBAR and Hedera Token Service (HTS) tokens for enterprises operating at scale.
The partnership arrives as Hedera continues building its presence across regulated financial markets, where security, compliance, and operational control often matter more than hype.
Utila Brings Institutional-Grade InfrastructureUtila enters the collaboration with solid credentials. The platform has secured $51.5 million in funding and processes more than $200 billion in transaction volume, offering Multi-Party Computation (MPC) wallets, customizable policy controls, and enterprise-focused APIs.
For organizations managing HBAR and HTS tokens, the integration introduces compliance-focused custody infrastructure. Which is designed to simplify digital asset operations without compromising security. That lowers the entry barrier for financial institutions seeking blockchain exposure within regulated environments.
Project Acacia Expands Hedera’s ReachThe integration extends beyond custody services. Utila is serving as a key infrastructure provider for project Acacia, the Reserve Bank of Australia’s digital money pilot, alongside Hashgraph and Hashsphere. The initiative operates on a private network powered by Loading profile preview technology, placing the blockchain within a high-profile state-backed financial experiment.
That role reinforces Hedera’s growing reputation as infrastructure capable of supporting enterprise and government-level blockchain deployments.
Network Activity Continues To ScaleMoreover, the latest partnership follows another notable development for Hedera. Per onchain data the rising graph shows increases in transaction counts. Per chart, it is approaching 72 Billions in cumulative transactions count that has been processed across its network.
That figure highlights sustained enterprise usage rather than isolated bursts of activity. As transaction volumes continue growing, Utila integration appears less like an optional upgrade and more like a necessary step.
For Hedera, enterprise adoption isn’t being measured by announcements alone. It’s increasingly being backed by transaction volume, regulated infrastructure, and participation in large-scale financial initiatives.
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Solana za posledních 30 dní přilákala čisté přílivy přes 900 milionů USD a počet aktivních uživatelů v červenci vystřelil na rekordních více než 300 000.
Solana has reached a new milestone, becoming the leading blockchain network for real-world asset holders. The network recorded over 300,000 active users in early July, setting an all-time high for engagement with tokenized assets.
Net inflows surge, outpacing other blockchainsOn-chain analytics firm rwa.xyz reported that Solana saw net inflows exceeding $900 million in the thirty days leading up to July 3, 2026. This figure places Solana significantly ahead of competing blockchain platforms in attracting capital for tokenized real-world assets.
The data suggests that asset managers are increasingly opting for public blockchain networks, with Solana cementing its position as the preferred choice for institutions moving tokenized funds to on-chain platforms.
Blockchain30-day Net InflowActive UsersSolana$900 million300,000+Other leading blockchainsBelow $900 millionLess than 300,000Institutional adoption driven by speed and efficiencyAsset managers choosing Solana for real asset tokenization cite low transaction fees and near-instant settlement as key factors. Solana offers an infrastructure that supports high transaction throughput, enabling the network to process large volumes quickly and affordably.
These technical advantages allow both small and large payment operations, such as dividend distributions, to be executed at scale without significant costs. In addition, the streamlined settlement process helps institutions comply with regulatory requirements while keeping operational complexity to a minimum.
Mini dictionary: rwa.xyz is a blockchain analytics platform that tracks data and trends in the real-world asset sector. It provides insights on capital flows, user activity, and protocol adoption for tokenized assets across multiple networks.
Major platforms choose Solana for tokenized fundsWisdomTree, a global asset management firm, has integrated Solana with its tokenization services, including WisdomTree Connect and WisdomTree Prime. Investors and institutions can now mint, hold, and trade the full range of WisdomTree’s tokenized assets—ranging from money market to equity funds—directly on Solana’s blockchain.
Nick Ducoff, Head of Institutional Growth at Solana, stated that this integration signals rising demand for regulated, on-chain real-world assets. He noted that more than $1 billion in tokenized assets now reside on the Solana network.
Growth in regulated, on-chain real-world assets on Solana has pushed total on-chain value above $1 billion.
Byreal exchange and institutional-grade DeFi activity surgeByreal exchange, a decentralized platform built on Solana, marked its first year with more than $3.7 billion in total trading volume and 25.3 million processed transactions. The exchange offers access to over 20 tokenized equities through services such as Backpack, Tether Gold, and xStocksFi.
The platform has emerged as a major liquidity hub for real-world assets, benefiting from the rapid expansion of institutional-grade trading and the adoption of AI-centric decentralized finance infrastructure on the Solana network.
According to DeFi Planet, Solana’s ecosystem for tokenized assets previously reached a $3.4 billion peak in 2026, underlining growing institutional trust and capital movement toward public blockchain networks.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
A tokenized stock on Solana outtraded its own Nasdaq listing on a Sunday, adding to Solana's growing dominance in tokenized real-world assets.
Even when Wall Street shuts its doors for the weekend, trading on Solana carries on without interruption. A recent case involving RoboStrategy shows just how significant that difference can be.
RoboStrategy (Nasdaq: BOT), a closed-end fund focused on private robotics and physical AI companies, recorded more trading volume on Solana on a Sunday than it did on the Nasdaq the following business day, according to data shared by Solana on X.
A Sunday that outpaced a MondayBOT is ordinarily a Nasdaq-listed stock, which means it only trades during standard U.S. market hours from Monday through Friday.
However, a tokenized version of the stock also trades on Solana, a blockchain network designed for fast and low-cost transactions that continues operating around the clock, including weekends.
On Sunday, July 12, the tokenized version of BOT recorded $12.86 million in trading volume on Solana. The following day, with Nasdaq open for regular trading, BOT did $9.8 million in volume. In other words, the onchain version of the stock moved more money on a day when traditional markets were closed than the actual stock did during a full trading session.
Solana's post also noted that 68.5% of that Sunday volume came from registered Frontier Traders, suggesting the activity reflected a genuinely engaged base of users rather than a brief, isolated spike.
The timing is worth noting as well. RoboStrategy had recently completed a series of private share issuances between July 7 and July 14, raising approximately $16 million at an average price of $35.50 per share. It remains unclear whether that capital raise directly contributed to the weekend's trading activity, though the overlap in timing stands out.
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Solana's expanding role in tokenized stocksThis is far from an isolated example. Solana has steadily built a lead in the broader market for tokenized real-world assets.
According to data from rwa.xyz, Solana now counts 301,074 holders of tokenized real-world assets, the highest of any blockchain by that measure, ahead of Plume's 247,755, Ethereum's 200,860, and BNB Chain's 118,840 holders.
The network currently holds approximately $3.01 billion in tokenized assets spanning 2,121 different asset types, having briefly touched an all-time high of $3.62 billion earlier this month.
By total value, Solana ranks third among all networks, behind Ethereum and BNB Chain, though it leads decisively when measured by the number of individual holders.
Tokenized equities in particular have driven much of that growth. Solana recorded $3.47 billion in tokenized equity trading volume in June, a new monthly record, and accounted for more than 96% of all tokenized equity trading volume across every blockchain that month, according to data from Blockworks.
That figure suggests Solana is not simply hosting these tokenized assets, but has become the primary venue where the actual trading takes place.
Robinhood joins the lineupSolana's collection of tokenized stocks grew further on July 16, when the network announced that HOODx, a tokenized version of Robinhood Markets (Nasdaq: HOOD) stock, had gone live.
Robinhood is a commission-free trading platform widely used by retail investors to buy stocks, options, and crypto. HOODx is issued by Backpack Securities, a regulated entity that tokenizes real-world stocks, and is made accessible through Sunrise, Solana's dedicated gateway for bringing external, real-world assets onto the network.
In practice, this means investors can now buy and sell a tokenized version of Robinhood's own stock on Jupiter, one of Solana's largest decentralized exchanges, the same platform many traders use to buy and sell meme coins.
Ethereum tento týden vzrostlo o 8 % a překonalo Bitcoin, BNB, XRP, SOL i HYPE díky přílivu do ETH ETF, akumulaci BitMine a spuštění Robinhood Chain. ETH ale stále naráží na 100denní EMA.
Ethereum price today: $1,870Ethereum has outperformed crypto majors Bitcoin, XRP, SOL and HYPE following a market boost from cooling inflation reports.The Robinhood Chain launch, ETH ETF inflows, BitMine's accumulation and Clarity Act discussions are spurring the outperformance.ETH saw a rejection at the 100-day EMA after rising 10% over the past week.Ethereum (ETH) has outperformed the top 10 cryptocurrencies since the crypto market began a recovery last week. On a weekly timeframe, the top altcoin is seeing an 8% gain, compared to 2.4%, 1.4%, 1.6%, -1.8% and -3.5% for Bitcoin (BTC), BNB, XRP, Solana (SOL) and Hyperliquid (HYPE).
While cooling inflation reports and declining energy prices were primarily responsible for the recent broad rally across the crypto market, ETH's outperformance stems from several other key factors.
ETH vs Top Cryptos. Source: CoinGeckoWhy Ethereum is outperforming other top cryptosThe Robinhood Chain, launched on July 1 as an Ethereum Layer 2 (L2), has been spurring demand for native ETH. The amount of ETH bridged from the L1 to the L2 chain has surpassed $164 million, a 10x increase in the past week, according to onchain analytics platform Token Terminal.
"If adoption continues, the chain could become a meaningful new source of demand for Ethereum," the platform stated in a Thursday X post.
The chain has seen strong demand over the past week, attracting token launchpads and memecoin activity. In 2024, Solana saw a similar upsurge in memecoin activity before going on a run that outperformed major cryptocurrencies.
Beyond that, Ethereum is also attracting institutional capital again, with $96 million in net inflows over the past three days. Last week, US spot ETH ETFs ended an eight-week outflow streak after recording $84.4 million in net inflows, per SoSoValue data. Since the beginning of the month, the products have only seen two outflow days, while XRP and Solana products are struggling to attract capital.
Similarly, US spot BTC ETFs have posted four outflow days so far in July and are on track to end the week on negative flows.
In addition, Ethereum treasury firm BitMine Immersion has remained a consistent source of demand for the top altcoin, accumulating roughly 70,000 ETH in the past two weeks.
Strategy, on the other hand, which has been a major demand driver for Bitcoin, flipped to distribution over the past two weeks after it sold $216 million worth of BTC. The firm also failed to log any buying activity last week.
Increased discussion and positive sentiment around the Clarity Act are also filtering into Ethereum, as it hosts the majority of onchain activity. The L1 is the largest chain by total value locked (TVL) and tokenized assets, with $40.9 billion and $14.8 billion, respectively, according to DefiLlama data.
Despite several positive developments surrounding ETH currently, the broader crypto market recovery remains fragile amid resumed geopolitical tensions in the Middle East. Bitfinex analysts also noted that ETH ETF inflows are not yet strong enough to drive prices.
"The $96 million total sits against a market capitalization above $220 billion, which makes it a rounding error even allowing for the illiquid spot market. A bid concentrated in one issuer remains too narrow to call a regime," the analyst wrote in a Thursday market commentary.
"Whether Ether ETFs continue to draw buyer interest remains to be seen; they have struggled to do so across nearly two years since launch."
Bitfinex added that sustained improvements in onchain activity are a "stronger catalyst" for an L1 like Ethereum.
Ethereum Price Forecast: ETH fails to reclaim 100-day EMA despite 10% jumpOn the daily chart, ETH/USDT trades at $1,874, maintaining a constructive bullish bias as price remains above the 20- and 50-day Exponential Moving Averages (EMAs) at $1,780 and $1,810, respectively. The altcoin remains capped by the longer-term 100-day EMA at $1,948 after a 10% rise over the past week, suggesting room for further upside only if this barrier is reclaimed.
Momentum stays supportive, with the 14-day Relative Strength Index (RSI) around 60 and the Stochastic hovering in the low 70s, hinting at a cooldown after a strong rally.
On the topside, immediate resistance is located at the horizontal level of $1,909, followed by $2,018 and $2,107, where prior supply converges. Above these, additional resistance is seen at $2,211 and then $2,388.
ETH/USDT daily chartOn the downside, initial support emerges at $1,806, ahead of the nearby dynamic floors offered by the 50- and 20-day EMAs. Below these, more substantial demand is seen at $1,741, with deeper supports at $1,524, $1,404 and $1,155 in the event of a broader corrective slide.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
