Track market-moving stories before they get noisy

In the latest close session, MongoDB (MDB - Free Report) was up +1.37% at $446.62. The stock's performance was ahead of the S&P 500's daily loss of 0.25%. On the other hand, the Dow registered a loss of 0.02%, and the technology-centric Nasdaq decreased by 0.52%.

Shares of the database platform have appreciated by 35.2% over the course of the past month, outperforming the Computer and Technology sector's gain of 7.57%, and the S&P 500's gain of 4.34%.

The investment community will be closely monitoring the performance of MongoDB in its forthcoming earnings report. The company is scheduled to release its earnings on September 1, 2026. The company's upcoming EPS is projected at $1.6, signifying a 60.00% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $733.61 million, reflecting a 24.05% rise from the equivalent quarter last year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.07 per share and a revenue of $2.95 billion, indicating changes of +22.13% and +19.58%, respectively, from the former year.

Investors might also notice recent changes to analyst estimates for MongoDB. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 42.31% fall in the Zacks Consensus EPS estimate. MongoDB is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note MongoDB's current valuation metrics, including its Forward P/E ratio of 72.64. This expresses a premium compared to the average Forward P/E of 21.62 of its industry.

It's also important to note that MDB currently trades at a PEG ratio of 5.95. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 1.06.

The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 77, finds itself in the top 32% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

Polkadot has a curious problem right now: the network is stacking up positive ecosystem developments while the Polkadot price is doing almost the opposite. Chainspect’s Nakamoto Coefficient data places Polkadot at the top of the listed networks, ahead of TON and Avalanche, suggesting a comparatively strong decentralization profile. 

Yet DOT is slipping under its 50-day EMA while macro pressure and a fresh ecosystem setback complicate the bullish story for Polkadot price.

Polkadot Leads While DOT Price StrugglesThe Nakamoto Coefficient measures the minimum number of independent entities needed to control enough consensus power to disrupt a blockchain.Chainspect groups entities controlled by the same organization or individual together and only counts active participants.

A higher coefficient indicates greater resistance to coordinated manipulation. On that measure, Polkadot currently leads in the list.

There’s also plenty happening inside the ecosystem. On August 26, the DOT DAO backed Wish for Change 1926, supporting a proposal to burn 100% of DOT received from potential future JAMKB sales rather than sending it to the treasury. Importantly, the referendum itself does not implement the mechanism, and JAMKB remains a proposal awaiting future implementation.

Staking And ETF News Add More SupportThe numbers around staking are harder to ignore and are much impressive. More than 900 million DOT has now been staked, bringing the network closer to the 1 billion milestone, with rewards offered at an average rate of 2.8%.

Meanwhile, the 21Shares Polkadot Staking ETF was listed by DTCC under ticker TDOT on August 27 after being renamed from the 21Shares Polkadot ETF. The fund holds DOT and stakes between 40% and 95% through network validators, with a current staking yield of 2.04% and a 0.30% fee. So far, that’s a fairly decent pile of positives in the last couple of days.

Kraken Delisting Adds An Awkward CounterpointThen today came the less comfortable headline. Kraken is scheduled to delist Hydration’s HDX, with trading and deposits ending September 11 and withdrawal continuing until December 10. Hydration disputes the decision, arguing that HDX doesn’t meet Kraken’s criteria and that liquidity is improving rather than deteriorating.

That matters because Hydration is described as Polkadot’s biggest DeFi platform. The protocol has appealed and is seeking discussions with Kraken, while the market data shows HDX at a 3.5-year record level and ranking fourth among Kraken’s 21 scheduled delistings by 30-day volume.

DOT Price Has Macro Pressure TooDespite the ecosystem developments, the Polkadot price has weakened after reaching $1.02 on August 22. At $0.8424, DOT price has slipped below its 50-day EMA, leaving $0.71 as the next important support if selling continues.

That’s where the contradiction gets interesting. Polkadot can lead the Nakamoto Coefficient rankings, approach 1 billion staked tokens and gain ETF exposure, yet DOT can still bleed when broader macro conditions turn hostile.

For now, the Polkadot price needs demand to return, while the network needs continued ecosystem progress without more negative headlines. Decentralization is strength, but the market still wants proof that strength can translate into price. 

Story Ends Here

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NEW YORK and SOUTH HOLLAND, Ill., Aug. 25, 2026 (GLOBE NEWSWIRE) -- Valley National Bancorp (“Valley”) (NASDAQ: VLY) and Providence Financial Corporation (“Providence”) announced today that they have entered into a definitive merger agreement whereby Valley will acquire Providence, parent company of Providence Bank & Trust. The acquisition is a continuation of Valley’s recent investments to accelerate retail and small business growth, which began with the hiring of Patrick Smith as President of Consumer Banking in September 2025. Consistent with Valley’s strategic focus to enhance its funding profile and expand in attractive target markets, Providence provides an attractive and established physical delivery channel in the Chicagoland area to supplement Valley’s existing commercial presence in the market.

Providence is a high-performing commercial bank with approximately $1.6 billion in total assets, $1.3 billion in total deposits, $1.1 billion in total loans, and $800 million in total wealth assets under management across its 14-branch network as of June 30, 2026. Providence has maintained top tier profitability, driven by its low-cost core funding base, robust net interest margin, and consistent expense control. This strategically compelling acquisition complements Valley’s existing middle market commercial banking presence in the sizable, affluent, and commercially vibrant Chicagoland area, and opens new opportunities for retail, small business, and low-cost core deposit growth in the market.

Under the terms of the merger agreement, the shareholders of Providence will receive 4.3854 shares of Valley common stock and $21.47 in cash for each share of Providence common stock they own. Total merger consideration is estimated to be $247 million, based on Valley’s closing stock price of $14.10 on August 24, 2026. The transaction is expected to be approximately 2% accretive to Valley’s earnings and less than 1% dilutive to Valley’s pro forma tangible book value at close, with an earnback period of less than 3 years.

Ira Robbins, Valley’s Chairman, President & CEO commented that, “The acquisition of Providence is in direct alignment with our strategic priorities of enhancing our core funding base, diversifying our loan portfolio and driving fee income. Under Steven Van Drunen’s leadership, Providence has evolved into a high-performing, community-focused bank in one of the most dynamic markets in the country. Providence’s conservative credit culture and high-touch, relationship-based approach align extremely well with Valley’s own value proposition.” He also stated, “We look forward to having Steven and his team join Valley where they will continue to drive growth in the Chicagoland market that they know so well. By leveraging Valley’s scale, capital strength, and comprehensive financial solutions, we believe this combination will enhance Providence’s customer experience, and accelerate growth opportunities across Chicago.”

Steven Van Drunen, President & CEO of Providence said, “We are thrilled about our combination with Valley and the opportunities to grow and deepen our relationships with our customers and the communities we serve throughout the Chicagoland area. The investments Valley has made in its people, infrastructure, and culture, position us to deliver meaningful benefits for our customers and communities. Our customers will gain access to an expanded range of financial solutions while continuing to receive the responsive, relationship-driven service and local leadership they have grown accustomed to from Providence Bank & Trust.” Following the transaction close, Mr. Van Drunen will join Valley as Market President to oversee retail and small business growth in the Chicagoland market.

Providence and Valley share a long-standing commitment to relationship-driven banking, community engagement, and stewardship. Together, they will build on the lasting impact of the Providence Bank & Trust Stewardship Program across the Chicagoland communities they serve. Valley has committed $3 million over the next three years to support Chicago-based civic, nonprofit, and community organizations.

On a pro-forma basis as of June 30, 2026, the combined company’s balance sheet would have approximately $67.9 billion in assets, $55.5 billion of deposits and $53.5 billion in loans. Following the completion of the transaction, Valley expects to have approximately $1.6 billion of deposits and $1.9 billion of loans in the Chicagoland market.

The acquisition is expected to close in early 2027, subject to standard regulatory approvals, approval of Providence’s shareholders, and the satisfaction or waiver of other customary closing conditions. An investor presentation with additional information about the transaction can be found on Valley’s website at www.valley.com.

TD Securities is serving as financial advisor to Valley and Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Valley. Keefe, Bruyette & Woods, Inc., A Stifel Company, is serving as financial advisor to Providence and Dickinson Wright PLLC is serving as legal counsel to Providence.

About Valley

As the principal subsidiary of Valley National Bancorp (NASDAQ: VLY), Valley National Bank is a regional financial institution with over $66 billion in assets. Founded in 1927, Valley has more than 220 branch locations and commercial offices across New Jersey, New York, Florida, Alabama, California, Illinois, Pennsylvania and Arizona, while serving clients nationwide. Valley delivers a full range of consumer, commercial, and wealth management solutions designed to support everything from homeownership and business growth to long-term financial planning. Big enough to support complex financial needs and small enough to stay deeply connected, Valley is grounded in a relationship-led approach focused on understanding people first. That same relationship-led approach guides Valley’s commitment to community investment and responsible corporate citizenship. To learn more, visit www.valley.com or call the Valley Customer Care Center at 800-522-4100.

About Providence

Founded in 2004, Providence Bank & Trust, a high-performing commercial and stewardship bank and wholly-owned subsidiary of Providence Financial Corporation, has approximately $1.6 billion in assets and locations across the Chicagoland area and Northwest Indiana. The bank’s mission is to be genuine in their commitment to service and stewardship, with a belief that a bank can truly be more than a place to deposit money – offering meaningful financial products and services and responding promptly to the diverse and evolving needs of their customers and communities. Visit www.providence.bank for more information.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 related to, among other things, Valley’s strategy, plans, beliefs, goals, intentions, and expectations regarding the proposed transaction between Valley and Providence; the issuance of common stock of Valley contemplated by the Agreement and Plan of Merger by and between Valley and Providence (the “merger agreement”); the expected filing by Valley with the Securities and Exchange Commission (the “SEC”) of a registration statement on Form S-4 (the “registration statement”) and a prospectus of Valley and a proxy statement of Providence to be included therein (the “proxy statement/prospectus”); its ability to achieve its financial and other strategic goals; the expected timing of completion of the proposed transaction; the expected cost savings, synergies, and other anticipated benefits from the proposed transaction; and other statements that are not historical facts. Forward-looking statements typically contain words such as “anticipate,” “believe,” “potential,” “will,” “estimate,” “plans,” “approximately,” “opportunity,” “expect,” “position,” “pro forma,” “proposed,” “intend” or similar expressions. Forward-looking statements involve certain important risks, uncertainties and other factors, any of which could cause actual results to differ materially from those in such statements. Such factors include, without limitation, the “Risk Factors” referenced in Valley’s most recent Annual Report on Form 10-K for the year ended December 31, 2025, in its subsequent Quarterly Reports on Form 10-Q, including for the quarter ended June 30, 2026, and other risks and uncertainties listed from time to time in Valley’s reports and documents filed with the SEC, each of which is filed with the SEC and available in the “Financials” section of Valley’s website at https://ir.valleynationalbank.com, under the heading “SEC Filings” and in other documents Valley files with the SEC. Additional factors that could cause actual results to differ materially from those in forward-looking statements include: the ability to obtain required regulatory or other approvals or meet other closing conditions to the merger agreement on the expected terms and schedule; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; the failure to obtain the necessary approval by the shareholders of Providence; the acquisition may not be timely completed, if at all; difficulties and delays in integrating Valley’s and Providence’s businesses or fully realizing cost savings and other benefits; the occurrence of any event, change or other circumstances that could give rise to the right of one or both of Valley and Providence to terminate the merger agreement; the outcome of any legal or regulatory proceedings that may be currently pending or later instituted against Valley or Providence; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; business disruption prior to the completion of the acquisition or following the proposed transaction; Valley’s and Providence’s ability to execute their respective business strategies; the ability by each of Valley and Providence to obtain required governmental approvals of the transaction on the timeline expected, or at all, and the risk that such approvals may result in the imposition of adverse regulatory conditions; reputational risks and risks relating to the reaction of Valley’s and Providence’s customers, employees, suppliers or other business parties to the proposed transaction, including the effects on their respective ability to attract or retain customers and key personnel; diversion of management time and attention from ongoing business operations to acquisition-related issues; the dilution caused by Valley’s issuance of additional shares of its capital stock in connection with the transaction; and general competitive, economic, political and market conditions and other factors that may affect future results of Valley and Providence. These and various other factors are discussed in Valley’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, in each case filed with the SEC, and other reports and statements Valley has filed with the SEC. Copies of the SEC filings for Valley may be downloaded from the Internet at no charge from https://ir.valleynationalbank.com.

Valley can give no assurance that any goal, plan, expectation set forth in forward-looking statements can be achieved and readers are cautioned not to place undue reliance on such statements. Forward-looking statements speak only as of the date they are made and are based on information available at the time. Valley does not intend, and assumes no obligation, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law. These forward-looking statements are not guarantees of future performance and are based on expectations and assumptions Valley currently believes to be valid. Because forward-looking statements relate to future results and occurrences, many of which are outside of Valley’s control, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Many possible events or factors could adversely affect the future financial results and performance of Valley, Providence or the combined company and could cause those results or performance to differ materially from those expressed in or implied by the forward-looking statements.

Annualized, pro forma, projected, and estimated numbers are used for illustrative purposes only, are not forecasts and may not reflect actual results. Except to the extent required by applicable law or regulation, Valley disclaims any obligation to revise or publicly release any revision or update to any of the forward-looking statements included herein to reflect events or circumstances that occur after the date on which such statements were made. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.

Important Additional Information and Where to Find It

Valley intends to file with the SEC a registration statement on Form S-4 to register the shares of Valley common stock to be issued to the shareholders of Providence in connection with the proposed transaction. The registration statement will include a proxy statement/prospectus, which will be sent to the shareholders of Providence in connection with the proposed transaction.

INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT ON FORM S-4, THE PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT ON FORM S-4 AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION OR INCORPORATED BY REFERENCE INTO THE PROXY STATEMENT/PROSPECTUS, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY, WHEN THEY ARE AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT VALLEY, PROVIDENCE AND THE PROPOSED TRANSACTION.

Investors and security holders may obtain free copies of these documents through the website maintained by the SEC at http://www.sec.gov. You will also be able to obtain these documents, when they are filed, free of charge, from Valley at https://ir.valleynationalbank.com. Copies of the proxy statement/prospectus can also be obtained, when it becomes available, free of charge, by directing a request to Valley National Bancorp, Attention: Shareholder Relations Department, 70 Speedwell Avenue, Morristown, New Jersey 07960, or by calling (973) 305-3380 or to Providence Financial Corporation, Attention; Steve VanDrunen, 630 E 162nd St, South Holland, Illinois 60473, or by calling (888) 923-5664.

Participants in the Solicitation

Valley, Providence and their respective directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from the shareholders of Providence in connection with the proposed transaction under the rules of the SEC. Certain information regarding the interests of these participants and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the proxy statement/prospectus regarding the proposed transaction when it becomes available.

Information regarding Valley’s directors and executive officers is available in Valley’s Annual Report on Form 10-K for the year ended December 31, 2025, and Valley’s proxy statement, dated April 3, 2026, for its 2026 annual meeting of shareholders (the “Valley 2026 proxy statement”), which can be obtained free of charge through the website maintained by the SEC at http://www.sec.gov. Please refer to the sections captioned “Compensation of Directors,” “Stock Ownership of Management and Principal Shareholders,” “Item 2. Advisory Vote on our Named Executive Officer Compensation,” “Compensation Discussion and Analysis,” “Report of the Compensation Committee,” “Executive Compensation Tables,” “Equity Compensation Plan Information” and “CEO Pay Ratio” in the Valley 2026 proxy statement. Any changes in the holdings of Valley’s securities by Valley’s directors or executive officers from the amounts described in the Valley 2026 proxy statement have been reflected in Statements of Change in Ownership on Form 3, Form 4 or Form 5 filed with the SEC subsequent to the filing date of the Valley 2026 proxy statement and are available at the SEC’s website at www.sec.gov.

No Offer or Solicitation

This communication is for informational purposes only and is not intended to and does not constitute an offer to subscribe for, buy or sell, or the solicitation of an offer to subscribe for, buy or sell, or an invitation to subscribe for, buy or sell any securities or a solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, invitation, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, and otherwise in accordance with applicable law.

Contacts:Valley National BancorpProvidence Financial CorporationTravis LanSteven G. Van DrunenSenior Executive Vice President andPresident andChief Financial OfficerChief Executive Officer973-686-5007708-333-4890

Ethena (ENA) jumped 11% after its Foundation bought out seed investors who sold after the October 2025 peak. The move capped a near-100% monthly rally as an ENA buyback vote went live.

The token has carried the same weight since launch, with early investor tokens unlocking every month. That supply drip just ended.

Ethena (ENA) Price Performance in August. Source: TradingViewEthena Buys Out Investors Who Sold After the PeakThe Ethena Foundation announced the deal Thursday, indicating that they spent the past two weeks buying locked tokens directly from early backers. Each was originally allocated more than 0.25% of ENA supply.

We are excited to announce four updates regarding the Ethena ecosystem, further details on each point are provided in the blog linked below:

1. Buyout of early investors:
The Ethena Foundation executed a buyout of all locked tokens from certain major seed investors that sold any…

— Ethena Foundation (@EthenaFndtn) August 27, 2026 The Foundation split those backers into two groups:

Investors who sold any ENA after the October 10, 2025, peak had their locked tokens bought out. Only one wallet said no.

Investors who never sold got a full-price offer. None accepted.

“As a result, the investors who have been selling into the market during the relevant time frame now hold no unvested ENA which could be sold into the market in the future,” the Foundation wrote in its blog.

Follow us on X to get the latest news as it happens

The rest of the investor calendar now ends early. All remaining investor tokens unlock on October 5, 2026, and the monthly calendar disappears. Team tokens stay locked on their original schedules. Roughly 12% of supply stays locked, all of it team, ecosystem, and Foundation holdings.

The pressure this fixes was real. Ethena released 171.88 million tokens in early August alone. BitMEX co-founder Arthur Hayes bought 9.05 million ENA days before that release.

One large holder sits outside the deal. StablecoinX, an ENA treasury company, still holds about 20% of supply under a separate lockup disclosed in SEC filings.

ENA Buyback Vote Ties the Fee Switch to USDe GrowthThe fee switch is the second piece. A Snapshot governance vote, open through September 2, would send protocol revenue into ENA purchases. Ethena’s Risk Committee has already approved the design.

There is a catch. Buybacks only start once USDe circulating supply reaches $7.5 billion. At that level, 5% of protocol revenue buys ENA. The share scales up to 20% if supply reaches $20 billion.

USDe sits near $4.6 billion today, down from a 2025 peak of about $15 billion. So the switch stays off until supply climbs roughly $3 billion. The Foundation says it wants USDe above $100 billion within five years.

Once that first threshold hits, 95% of net revenue paid to the Foundation funds the purchases. Each buy will be tracked on Ethena’s public dashboard.

The playbook has precedent. Uniswap’s fee switch proposal sent UNI to a two-month high last November.

Ethena also addressed a second old doubt. A Master Framework Agreement, due in October, hands protocol intellectual property and residual value to tokenholders. Ethena Labs equity investors get neither. The Foundation says Labs equity has never taken a dollar of protocol revenue.

Will the ENA Rally Hold?ENA trades near $0.155 after gaining 11% in 24 hours. The token is up 56.5% in a week and 84.6% over the past 30 days. Its market cap stands near $1.52 billion.

ENA Price Performance. Source: BeInCryptoThe bull case is simple. The sellers are gone, the unlock calendar dies in October, and a buyback pipeline is on the ballot. The bear case is just as clean. Buybacks stay off until USDe nearly doubles, and StablecoinX’s 20% stake sits outside the deal.

The Snapshot vote still needs quorum. From there, the signal to watch is USDe supply. Every dollar it climbs brings the ENA buyback switch closer.

Tokenized stocks on decentralized exchanges have gone from a curiosity to a genuine market segment surprisingly fast. Uniswap just posted a $325.2 million weekly trading volume increase in tokenized equities, split between its v4 protocol at $170 million and v3 at $155.2 million.

A year ago, tokenized stocks accounted for roughly 0.1% of total DEX spot trading volume. That figure has since climbed above 4% year-to-date, representing billions in cumulative DEX volume across the sector.

The numbers behind the surge Daily tokenized stock trading volumes across DEX platforms exceeded $565 million at their peak in late June 2026. Quarterly volumes for Q3 2026 reached $7.8 billion for tokenized stocks across DEX platforms, with Uniswap v4 and PancakeSwap v3 together accounting for roughly $5.2 billion of that figure.

Uniswap’s v4 architecture introduced permissioned pools and customizable operational modes specifically designed to handle regulated assets. Permissioned pools let issuers and liquidity providers set access rules, so only verified participants can interact with specific pools.

Robinhood Chain and the platform dynamic A meaningful chunk of this activity runs through Robinhood Chain, the blockchain infrastructure launched in July 2026. Uniswap has captured approximately 73% of tokenized stock pools on that chain. Cumulative tokenized stock volume on Robinhood Chain crossed $1 billion by mid-August 2026, with a 90-day volume of $638.5 million supporting that milestone. Traders on the chain can access tokenized versions of widely held names including NVIDIA, Tesla, and Apple, as well as major ETFs, all without being constrained by traditional market hours.

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

Uniswap has processed approximately $1.5 billion in stock token trades on Robinhood Chain in just six weeks, a milestone that would have sounded like science fiction two years ago.

The volume has been accelerating, too. Cumulative trading crossed the $1 billion mark by mid-August 2026, then kept climbing. On August 29, Uniswap hit a single-day peak of $130 million in stock token volume on the chain.

How tokenized stocks landed on a DEX Robinhood Chain launched its public mainnet on July 1, 2026, built as a Layer-2 using Arbitrum’s technology. The chain runs with roughly 100-millisecond block times.

The core product is Robinhood Stock Tokens: ERC-20 tokenized debt securities that give holders economic exposure to major US equities and ETFs. They’re structured as debt securities, meaning they carry a legal claim to the economic performance of the underlying stock.

There are now over 190 of these tokens available, covering AAPL, NVDA, GOOG, and the rest of the big-cap roster. The tokens trade 24/7.

Uniswap was integrated at launch with its full protocol suite, including versions 2, 3, 4, and UniswapX. Uniswap controls around 99% of the tokenized stock DEX liquidity on Robinhood Chain.

The 60% number that explains everything Approximately 60% of stock token trading activity on Uniswap occurs outside traditional US market hours. More than half the demand for trading tokenized US equities comes from times when the New York Stock Exchange is closed.

Traditional stock markets operate roughly 6.5 hours a day, five days a week. That’s about 27% of the hours in a work week, and less than 20% of total hours. Robinhood Stock Tokens eliminate that constraint entirely.

Why Uniswap’s monopoly matters Uniswap controls 99% of DEX liquidity on Robinhood Chain. The tight integration between Uniswap and Robinhood Chain at launch created a first-mover advantage. When you’re the only venue with deep order books across 190 tokens, traders don’t have much reason to look elsewhere.

The broader competitive landscape for tokenized real-world assets includes projects like Ondo Finance and Securitize, which have been building tokenized securities infrastructure, but none have paired a household-brand brokerage name with a dominant DeFi protocol on a dedicated chain.

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

Network Holds Firm Against Coordinated Wasm AttackThe Internet Computer (@dfinity) has successfully defended itself against a coordinated, AI-powered cyberattack, according to founder @dominic_w. The attack involved several hundred canisters deploying malformed WebAssembly (Wasm) modules in an attempt to disrupt the network. "Last night, the Internet Computer network withstood a widespread, AI-enabled attack, which involved hundreds of canisters using malformed Wasm modules," Williams wrote on X.

The use of malformed Wasm modules as an attack vector targeted this core layer of ICP's infrastructure directly.

The attack did not occur in isolation. Williams said it was accompanied by an extensive, automated disinformation campaign on social media, apparently designed to undermine confidence in the network at a sensitive moment. DFINITY has since announced it is offering cash bonuses to anyone who can provide information identifying the organizers behind what it described as criminal activity.

Timing Tied to Cloud Engines and Intelligence Gateway LaunchThe timing of the attack is notable. Both products appear to be the specific targets the disinformation campaign sought to disrupt.

The product has attracted significant attention, with

That the network absorbed the attack without reported disruption to service will likely be read as a positive signal by developers and enterprise customers evaluating ICP's resilience ahead of the Cloud Engines rollout. DFINITY's decision to pursue those responsible publicly, including offering financial incentives for tip-offs, signals the foundation views the incident as serious enough to warrant an aggressive response.

Sources:
CryptoNews: ICP Celebrates Five-Year Anniversary, Cloud Engines Unveiled
CoinMarketCap: Internet Computer Latest Updates and Roadmap
Tech.eu: DFINITY's Vision for Sovereign Computing

Top Trading Venue and Tokenized Asset Expansion@PancakeSwap has logged what it describes as its most productive week of the quarter, capturing more than 41.4% of @Bstocksfinance volume to rank as the number one trading venue within that ecosystem. The milestone reflects a broader surge in tokenized equity trading on decentralized platforms.

To deepen its position, the protocol has added seven new tokenized asset pairs, including $SPYB, $SOXLB, and $DRAMB, to its native Shared Inventory Hook. The move is designed to meet growing retail demand for round-the-clock equities access on @BNBCHAIN and @Arbitrum.

Security Audit, New Yield Farms, and Ongoing CAKE DeflationDevelopment momentum has not slowed on the infrastructure side. @Bailsecurity is currently auditing the protocol's cross-chain technology ahead of the launch of new $DGAI-USDT and $TMX yield farm options, adding fresh earning opportunities for liquidity providers across networks.

Underpinning the protocol's longer-term economics is a consistent token burn programme. This week's burn totalled 762k $CAKE tokens worth $1.32M, extending the protocol's deflationary streak to 35 consecutive months.

Taken together, the volume leadership in tokenized equities, the expansion of the Shared Inventory Hook, new yield farm launches, and a sustained deflationary supply policy paint a picture of a protocol operating on several fronts simultaneously.

Sources:
Crypto Briefing: PancakeSwap v3 hosts $3B in spot DEX trading volume for tokenized stocks
PancakeSwap Official Blog: June 2026 CAKE Burn Report
PancakeSwap Docs: CAKE Tokenomics

Key Takeaways Realty Income brings scale and diversification, while Regency Centers emphasizes property-level growth.Realty Income posted 98.8% occupancy and raised 2026 investment-volume guidance to $10 billion.Regency Centers has a roughly $680M pipeline and expects 3.7%-4.1% same-property NOI growth. Realty Income Corporation (O - Free Report) and Regency Centers Corporation (REG - Free Report) give investors two ways to own income-producing commercial real estate without buying properties directly. Both are S&P 500 REITs, both return cash to shareholders through regular dividends, and both rely on tenant demand, disciplined capital allocation and balance sheet access to support long-term growth. Those common traits make the comparison useful for investors seeking dependable real estate exposure.

The difference is how each company creates that income. Realty Income is a global net-lease platform with more than 15,500 properties across retail, industrial, gaming and other categories, while Regency concentrates on open-air shopping centers, with grocery-anchored neighborhood and community centers at the core of its portfolio.

Realty Income leans on scale, long leases, acquisitions and newer capital partnerships. Regency relies more heavily on leasing, rent growth, redevelopment and ground-up development. This leaves investors comparing Realty Income’s diversification and monthly dividend record with Regency’s stronger property-level growth opportunities.

The Case for ORealty Income enjoys solid scale and diversification. As of June 30, it owned or held interests in 15,588 properties leased to 1,798 clients across 92 industries, with 98.8% occupancy and an average remaining lease term of 8.6 years. This breadth reduces dependence on any single tenant, property type or market — a clear advantage over Regency’s more focused shopping-center portfolio.

The company also has considerable flexibility to pursue growth. Realty Income invested $2.6 billion during the second quarter and raised its 2026 investment-volume guidance to $10 billion. Industrial properties represented a large share of recent activity, while Europe, credit investments and the new hyperscale data-center venture broaden the opportunity set.
Management is also using private capital to reduce reliance on public-equity issuance.

Financially, Realty Income remains positioned to fund that expansion. Net debt to annualized pro forma adjusted EBITDAre was 5.4 times at quarter-end, while subsequent financing actions increased liquidity. AFFO per share rose 3.8% year over year to $1.09, and management lifted full-year AFFO guidance to $4.44-$4.45. Its 674th consecutive monthly common-stock dividend further reinforces the income case.

Still, size can make faster growth harder. Same-store rental revenues increased only 1.2% in the quarter, well below Regency’s same-property NOI growth. Realty Income’s move into industrial, data centers and private-capital vehicles can improve growth, but it also adds complexity. For investors already owning the shares, the dependable cash flows and diversification remain meaningful strengths.

The Case for REGRegency’s case begins with a narrower portfolio, but that focus is currently working in its favor. More than 85% of its centers are grocery-anchored neighborhood and community properties, placing the company close to everyday spending. Leasing demand remains broad, and the same-property leased rate is near 97%. This gives Regency a strong operating base, even though it lacks Realty Income’s sector and geographic diversification.

The more important difference is internal growth. Regency reported cash rent spreads above 10% in the second quarter and continues to add annual rent escalators to most new leases. Its signed-not-occupied pipeline represents about $41 million of base rent, providing visible future occupancy gains. Same-property NOI growth is expected at 3.7%-4.1% for 2026, materially faster than Realty Income’s recent same-store rental growth.

Regency also has a development engine that Realty Income cannot match directly. Its in-process development and redevelopment pipeline totals roughly $680 million at an estimated 9% stabilized yield, while 2026 project starts are expected to approach $400 million. Building centers at attractive yields can create value without forcing Regency to compete aggressively for acquisitions when grocery-anchored cap rates are compressing.

However, the strategy carries construction and execution risk, and Regency remains more exposed to retail conditions than Realty Income. Even so, its A-rated balance sheet, leverage within a 5.0-5.5X target range, healthy free cash flow and selective acquisition approach provide room to fund growth. With operating momentum, embedded rent increases and a visible development pipeline working together, Regency offers a strong growth setup for investors.

How Do Estimates Compare for Realty Income & Regency?The Zacks Consensus Estimate for Realty Income’s 2026 and 2027 sales implies year-over-year growth of 9.34% and 8.27%, respectively. The consensus mark for 2026 and 2027 funds from operations (FFO) per share suggests a year-over-year increase of 3.97% and 3.40%, respectively. Over the past 30 days, estimates for O’s 2026 and 2027 FFO per share have remained unchanged.

For Realty Income:

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Regency’s 2026 and 2027 sales calls for year-over-year growth of 7.10% and 3.82%, respectively. The consensus estimates for 2026 FFO per share have been revised marginally upward over the past 30 days, while estimates for 2027 have remained unchanged. The figures suggest a year-over-year increase of 4.74% and 4.85%, respectively.

For Regency:

Image Source: Zacks Investment Research

Price Performance and Valuation of O & REGSo far in the year, Realty Income shares have risen 12.1%, while Regency stock has gained 11.1%. In comparison, the Zacks REIT and Equity Trust - Retail has advanced 19.5% in the same time frame. 

Image Source: Zacks Investment Research

O is trading at a forward 12-month price-to-FFO — a commonly used multiple for valuing REITs — of 13.89X, which is above its three-year median of 13.24X.

Meanwhile, REG is presently trading at a forward 12-month price-to-FFO of 15.31X, which is slightly below its three-year median of 15.34X. Both O and REG carry a Value Score of D.

While Realty Income looks cheaper, the gap suggests investors are paying a modest premium for Regency’s stronger internal growth and development platform. The premium is not extreme, but it means REG needs to execute well. On this measure alone, O has the valuation advantage.

Image Source: Zacks Investment Research

Conclusion: REG Has the EdgeRealty Income remains a dependable REIT with exceptional scale, broad diversification, strong liquidity and a dividend record that few peers can match. Those qualities make it reasonable for existing shareholders to stay with the name, especially when income stability is the main goal.

Regency, however, has an attractive mix of property-level growth, leasing leverage and development-driven expansion. Its focused grocery-anchored portfolio is benefiting from limited supply and healthy tenant demand, while the development pipeline adds another route to earnings growth. For investors choosing between the two now, REG offers the stronger combination of operating momentum and growth potential.

While O has a Zacks Rank #3 (Hold), REG carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.

It has been about a month since the last earnings report for Regency Centers (REG - Free Report) . Shares have lost about 6.1% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Regency Centers due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for Regency Centers Corporation before we dive into how investors and analysts have reacted as of late.

Regency's Q2 FFO Beats Estimates on Leasing Momentum, '26 View RaisedRegency Centers reported second-quarter 2026 NAREIT FFO per share of $1.21, beating the Zacks Consensus Estimate of $1.20 by 0.8%. The metric increased 4.3% from the year-ago quarter.

Total revenues of $413.5 million rose 8.6% year over year and topped the consensus mark of $405 million by 2.1%. The results reflected solid leasing demand, with same-property NOI advancing 3.8%.

Regency Posts Healthy Property-Level GrowthSame-property base rent growth contributed 3.7% to same-property NOI growth in the reported quarter. Total NOI increased 6.8% year over year to $300.1 million, while same-property NOI reached $288.3 million.

The expense recovery ratio improved to 89.7% from 88.1% year over year. However, the NOI margin eased to 69.6% from 70.2%, as property operating expenses and real estate taxes increased from the prior-year period.

Regency Extends Leasing & Occupancy MomentumThe same-property portfolio was 96.9% leased at quarter-end, up 40 basis points (bps) year over year and 30 bps sequentially. Regency’s same-property portfolio was 94.5% commenced, rising 50 bps year over year. The 240-basis-point gap between leased and commenced occupancy remains above Regency’s historical average of roughly 180 bps, providing visibility into additional rent commencement.

Same-property anchor space, which includes spaces greater than or equal to 10,000 square feet, was 98.4% leased, an increase of 20 bps sequentially. Same-property shop space, which includes spaces less than 10,000 square feet, was 94.4% leased, up 30 bps sequentially.

The signed-not-occupied (SNO) pipeline represented approximately $41 million of annual base rent. About 69% of the associated leases are expected to commence by the end of 2026, with 91% of the pipeline located within the same-property pool.

Regency Delivers Strong Rent SpreadsDuring the second quarter, Regency executed around 2.1 million square feet of comparable new and renewal leases. Blended rent spreads were 10.4% on a cash basis and 19.5% on a straight-line basis.

For the 12 months ended June 30, 2026, the company completed about 7.1 million square feet of comparable new and renewal leasing. Cash rent spreads were 11.8%, while straight-lined spreads were 22.7%, reflecting continued pricing strength across the operating portfolio.

The sustained leasing volume supported occupancy and rent growth. It also reinforced management’s view that tenant demand remains robust across Regency’s grocery-anchored shopping centers.

Regency Advances Its Development PipelineRegency started $68 million of ground-up development and redevelopment projects during the second quarter. These starts included The Berkeley at Durbin Park, a $55 million Whole Foods and TJ Maxx-anchored ground-up development project in Jacksonville, FL.

The company also completed roughly $20 million of redevelopment projects. The in-process development and redevelopment projects pipeline totaled $680 million at Regency’s share, with 49% of the estimated costs incurred and a blended estimated yield of approximately 9%.

Regency acquired Shops at Highland Walk in Denver, CO, for around $37 million, or $7 million at its share. The 95,000-square-foot shopping center is anchored by King Soopers.

Regency Maintains Balance Sheet CapacityAs of June 30, 2026, Regency had about $1.5 billion of available capacity under its revolving credit facility. Pro-rata net debt and preferred stock to trailing 12-month operating EBITDAre improved to 5.0X from 5.2X at the end of the prior quarter.

The company’s fixed-charge coverage ratio was 4.2X. Outstanding debt totaled $5.44 billion, while cash, cash equivalents and restricted cash stood at $191.6 million at quarter-end.

Regency Raises Its 2026 OutlookRegency raised its full-year 2026 NAREIT FFO guidance to $4.84-$4.88 per share from $4.83-$4.87. The midpoint increased 1 cent to 4.86, reflecting updated expectations for non-cash revenues, including below-market rent amortization and straight-line rent reserve adjustments.

Same-property NOI growth guidance was raised to 3.7-4.1% from 3.25-3.75%. Management cited higher tenant recoveries and better average commenced occupancy as the key factors behind the improved outlook.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in estimates revision.

VGM ScoresCurrently, Regency Centers has a subpar Growth Score of D, a grade with the same score on the momentum front. Following the exact same course, the stock was allocated a score of D on the value side, putting it in the bottom 40% for value investors.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Notably, Regency Centers has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Key Takeaways MDU plans nearly $3.1B in capital investments through 2030 across electric, gas and pipeline projects. Bakken East Pipeline has nearly 1.2 Bcf/day contracted capacity and could require $2.7B-$3.2B. MDU expects 1-2% annual customer growth and has over 1 GW of data center load under signed agreements. MDU Resources (MDU - Free Report) benefits from strategic capital investments that strengthen its regulated utility and pipeline infrastructure, support rising customer demand and improve system reliability. These investments also strengthen rate-base growth, support timely regulatory recovery and drive revenue growth.

The company plans capital investments of nearly $3.1 billion through 2030, including about $1.1 billion in electric, $1.4 billion in natural gas distribution and $0.64 billion in pipeline investments. These projects are aimed at upgrading and modernizing infrastructure, meeting rising customer demand and supporting system reliability.

MDU also has significant pipeline growth opportunities. The proposed Bakken East Pipeline has nearly 1.2 billion cubic feet (Bcf) per day of contracted capacity and could require $2.7-$3.2 billion in additional investment if approved. The project would expand MDU’s pipeline footprint, strengthen long-term growth prospects and support earnings growth.

MDU expects its customer base to grow 1-2% annually and has more than 1 gigawatt of data center load under signed electric service agreements. Its capital investments are expected to drive long-term earnings growth of 6-8%.

Overall, capital investments can expand MDU’s regulated rate base, while regulatory mechanisms can support the timely recovery of eligible costs and returns on approved investments. This creates a foundation for revenues, cash flow and long-term earnings growth.

Capital Spending Strengthening Utility GrowthRegulated gas distribution companies are increasing capital investments to replace aging pipelines, expand distribution networks and enhance system reliability as customer demand grows. These investments can expand the regulated rate base and support long-term earnings growth through approved regulatory recovery.

ONE Gas (OGS - Free Report) plans to invest approximately $4.3 billion through 2030 in system integrity, pipeline replacements and customer extensions, supporting 7-9% annual rate-base growth and earnings.

Southwest Gas Holdings (SWX - Free Report) aims to invest $6.3 billion during 2026-2030, focused on safety, new business and system upgrades, supporting a 9.5-11.5% rate-base compound annual growth rate and customer expansion.

The Zacks Rundown on MDUMDU’s Earnings EstimatesThe Zacks Consensus Estimate for 2026 and 2027 EPS indicates a year-over-year increase of 5.38% and 7.91%, respectively.

Image Source: Zacks Investment Research

Debt to CapitalMDU's debt-to-capital ratio currently stands at 46.82%, lower than the gas distribution industry’s 54.52%.

Image Source: Zacks Investment Research

MDU’s Stock Price PerformanceIn the past year, the company’s shares have risen 23.6% compared with the industry’s 7.2% growth.

Image Source: Zacks Investment Research

MDU’s Zacks Rank

AeroVironment, Inc. (“AV”), a global defense technology leader, today announced that its MacCready Works advanced solutions team has been awarded a contract for the co-design and co-manufacture of three Mars helicopters for NASA’s SkyFall mission with the agency’s Jet Propulsion Laboratory (JPL), taking the project from future concept to a formally funded Mars science mission and a path toward launch in late 2028.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260827821137/en/

AV's MacCready Works will design and develop three Mars helicopters for NASA's SkyFall mission, supporting a planned launch in late 2028. (Photo/AV)

SkyFall is the first mission to fly a team of three instrument-carrying helicopters on Mars, demonstrating a fully integrated system capable of autonomous atmospheric entry and powered descent.

AV and JPL are building on their experience as co‑developers of NASA’s Ingenuity Mars Helicopter, which completed 72 historic flights at Jezero Crater. Together, the teams are evolving Ingenuity‑derived designs into SkyFall: an active NASA mission under the Science Mission Directorate, optimized to deliver high‑value science for the Mars Exploration Program.

“With Ingenuity, AV and JPL proved we could fly on Mars. Now, with SkyFall, we’re taking AV’s high‑volume uncrewed systems mindset into planetary exploration and showing that Mars helicopters can be built as a repeatable product line, not a one‑off delivery,” said Jeff Rodrian, Head of MacCready Works, AV’s advanced research and development organization. “It’s also a powerful example of public‑private partnership; AV and JPL building on Ingenuity’s success to create a helicopter platform that NASA can apply to many different science missions over multiple launch windows.”

AV is leading the design and production of key elements of the SkyFall helicopters, including rotor systems, airframes, structures, avionics integration, and accommodation for multiple science payloads. JPL is leading the design and development of the power system, electronics, algorithms and software. The helicopters will carry a JPL‑designed ground‑penetrating radar (GPR) to look below the Martian surface, delivering new insight into shallow subsurface ice, central to both Mars science and future human exploration.

New to this mission is a new “SkyFall maneuver.” This technique releases the three helicopters directly from the carrier spacecraft into the Martian atmosphere, where they separate, deploy, descend, and land under their own power. By eliminating the need for a single-use lander stage or a host rover (as Ingenuity required with Perseverance), this approach significantly reduces the technical and financial risk of getting to the Martian surface.

JPL’s GPR instruments carried by the helicopters are designed to map subsurface ice at fine spatial resolution, enabling more precise assessment of where water ice is located and implications for science and future human exploration. In addition, each aircraft will host instruments that will provide data on the Martian atmosphere, dust particle transport, and other key environmental processes.

"Just like here on Earth, Mars helicopters can cover distance quickly and can go places that might be impossible to reach by ground,” said Will Pomerantz, Head of Space Ventures at AV. “The three SkyFall helicopters are going to show us parts of Mars we’ve never seen before and return mountains of data for scientists to pour over. The science community may guide these helicopters to places where the ground penetrating radar can map out the precise location of ice below the Martian surface.”

NASA currently plans a launch window in November 2028, followed by a cruise to Mars, with arrival timing tuned to local time, dust conditions, and power needs.

About AV

AeroVironment (“AV”) (NASDAQ: AVAV) is a defense technology leader delivering integrated capabilities across air, land, sea, space, and cyber. The Company develops and deploys autonomous systems, loitering munitions, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities—built to meet the mission needs of today’s warfighter and tomorrow’s conflicts. At the core of these technologies lies AV_Halo™, a modular, mission-ready suite of AI-powered software tools that empowers warfighters and enables full-battlefield dominance: detect, decide, deliver. With a national manufacturing footprint and a deep innovation pipeline, AV delivers proven systems and future-defining capabilities at speed, scale, and operational relevance. For more information, visit www.avinc.com.

Safe Harbor Statement

Certain statements in this press release may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, forecasts, and assumptions that involve risks and uncertainties, which could cause actual results to differ materially. Factors that may cause such differences include, but are not limited to, our ability to perform under existing contracts and obtain new ones; regulatory changes; competitor activities; market growth; product development challenges; and general economic conditions. For a more detailed discussion of these risks, please refer to AeroVironment’s filings with the Securities and Exchange Commission. We undertake no obligation to update forward-looking statements as a result of new information or future events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260827821137/en/

Terra Classic's circulating supply sits near 5.5 trillion tokens today. Almost none of it existed before a single week in May 2022.

How the Death Spiral Minted Trillions Terra's protocol allowed anyone to redeem 1 UST, its dollar-pegged algorithmic stablecoin, for $1 worth of LUNA at any price. The mechanics were straightforward in calm markets but lethal under stress: as LUNA's price fell, each dollar redeemed minted an ever-larger number of new tokens.

The run began on May 7, 2022, when two addresses pulled 375 million UST out of Anchor, the lending protocol that was paying around 20% annual yield on roughly three-quarters of UST's entire supply, according to research published by the National Bureau of Economic Research. Once a few large holders of UST adjusted their positions on May 7, 2022, other large traders followed. Blockchain technology allowed investors to monitor each other's actions and amplified the speed of the run.

The math became brutal quickly. With LUNA at $0.10, each redeemed dollar produced ten new tokens. At $0.01, it produced a hundred. When all was said and done, $LUNC's circulating supply increased from less than 400 million to over 6.5 trillion in a matter of 72 hours. UST fell from $1 to $0.01, taking the LUNA token from $80 to essentially zero. The supply had grown roughly 20,000-fold.

During extreme market volatility, the system created a death spiral. When UST lost its peg, arbitrageurs burned UST to mint LUNA, increasing LUNA's supply and decreasing its price. This created negative feedback loops that destroyed both tokens' values simultaneously.

What the Burn Tax Is Working Against The original chain was preserved but rebranded as Terra Luna Classic, with its original token renamed to LUNC. Those trillions of tokens are what the community's burn tax works against today.

The community passed Governance Proposal #12223, raising the on-chain transaction burn tax to 1.5%, effective August 2, 2026. This splits as 1.2% permanently burned, 0.15% to the Community Pool, and 0.15% to the Oracle Pool.

This led to the burn of over 2.04 billion LUNC in August alone, bringing the historical cumulative burn above 455 billion tokens. Progress, but the scale of the problem is stark: with a circulating supply of 5.52 trillion, the current burn rate reduces supply by only about 0.6% annually, meaning sustained high transaction volume is critical for meaningful impact.

This burn velocity would require decades to achieve the supply levels that some community members target, often cited as 10 billion tokens or less, highlighting the long-term nature of the deflationary strategy.

Sources:
NBER: Anatomy of a Run: The Terra Luna Crash
CoinMarketCap: Terra Classic Latest Updates and Burn Data
CryptoNews: Luna Classic Burn Tracker and Supply History

BlackRock Inc. acquired a new position in Hayward Holdings, Inc. (NYSE:HAYW – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 24,405,259 shares of the company’s stock, valued at approximately $422,455,000. BlackRock Inc. owned about 11.51% of Hayward at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HAYW. Hantz Financial Services Inc. raised its holdings in shares of Hayward by 80.2% in the fourth quarter. Hantz Financial Services Inc. now owns 2,058 shares of the company’s stock worth $32,000 after buying an additional 916 shares during the period. IFP Advisors Inc boosted its holdings in Hayward by 103.9% during the 4th quarter. IFP Advisors Inc now owns 2,482 shares of the company’s stock valued at $38,000 after acquiring an additional 1,265 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Hayward during the 4th quarter valued at $39,000. Farther Finance Advisors LLC grew its position in Hayward by 669.4% in the 4th quarter. Farther Finance Advisors LLC now owns 3,716 shares of the company’s stock valued at $57,000 after acquiring an additional 3,233 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Hayward by 149.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,700 shares of the company’s stock valued at $65,000 after acquiring an additional 2,814 shares during the last quarter.

Insiders Place Their Bets In other Hayward news, CEO Kevin Holleran sold 50,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $15.31, for a total transaction of $765,500.00. Following the completion of the sale, the chief executive officer directly owned 701,234 shares of the company’s stock, valued at approximately $10,735,892.54. This represents a 6.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 272,389 shares of company stock worth $4,415,044 over the last 90 days. 4.73% of the stock is owned by company insiders.

Hayward Price Performance NYSE HAYW opened at $14.49 on Wednesday. The company has a market cap of $3.07 billion, a PE ratio of 19.59, a P/E/G ratio of 1.33 and a beta of 1.09. The firm’s 50 day moving average price is $15.40 and its 200-day moving average price is $14.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.49 and a current ratio of 3.33. Hayward Holdings, Inc. has a 52-week low of $12.93 and a 52-week high of $17.73. Hayward (NYSE:HAYW – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Hayward had a net margin of 13.83% and a return on equity of 11.61%. The company had revenue of $318.38 million during the quarter, compared to the consensus estimate of $303.35 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Hayward’s revenue for the quarter was up 6.3% compared to the same quarter last year. Hayward has set its FY 2026 guidance at 0.840-0.870 EPS. Sell-side analysts forecast that Hayward Holdings, Inc. will post 0.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth Several research firms have recently weighed in on HAYW. The Goldman Sachs Group reiterated a “neutral” rating on shares of Hayward in a research report on Wednesday, July 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Hayward in a research note on Monday, July 20th. Cantor Fitzgerald reiterated a “neutral” rating on shares of Hayward in a report on Monday, July 6th. Finally, Weiss Ratings raised shares of Hayward from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.50.

Check Out Our Latest Research Report on HAYW

Hayward Company Profile (Free Report)

Hayward Holdings, Inc is a leading manufacturer and marketer of residential and commercial swimming pool equipment and related outdoor living products. The company designs, engineers and produces a comprehensive range of products that address water circulation, filtration, heating, sanitation, automation, lighting and cleaning needs for pools and spas. Hayward’s offerings include pumps, filters, heaters, salt and chemical sanitization systems, automation controls, lights, robotic cleaners and various accessories that serve both new pool construction and aftermarket renovation markets.

Hayward’s product portfolio is organized into several core categories.

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BlackRock Inc. acquired a new stake in shares of Privia Health Group, Inc. (NASDAQ:PRVA – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 21,402,417 shares of the company’s stock, valued at approximately $550,684,000. BlackRock Inc. owned approximately 16.98% of Privia Health Group as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PRVA. Deutsche Bank AG bought a new stake in Privia Health Group in the 2nd quarter worth approximately $6,022,000. OneDigital Investment Advisors LLC bought a new stake in Privia Health Group in the second quarter worth $6,653,000. Bank of New York Mellon Corp purchased a new stake in Privia Health Group during the second quarter valued at $74,425,000. State of Wyoming purchased a new stake in Privia Health Group during the second quarter valued at $546,000. Finally, S&CO Inc. bought a new position in Privia Health Group during the second quarter valued at $1,080,000. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Privia Health Group In other news, Director Matthew Shawn Morris sold 53,722 shares of Privia Health Group stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $27.24, for a total transaction of $1,463,387.28. Following the completion of the sale, the director owned 68,188 shares of the company’s stock, valued at approximately $1,857,441.12. The trade was a 44.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Mountcastle sold 21,275 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $27.67, for a total value of $588,679.25. Following the completion of the sale, the chief financial officer owned 164,853 shares of the company’s stock, valued at $4,561,482.51. The trade was a 11.43% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 327,886 shares of company stock valued at $8,628,256 in the last quarter. 5.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In A number of analysts have recently weighed in on PRVA shares. Weiss Ratings upgraded shares of Privia Health Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. Citigroup reissued a “buy” rating on shares of Privia Health Group in a research note on Thursday, July 23rd. Canaccord Genuity Group set a $32.00 price objective on Privia Health Group in a research note on Friday, August 7th. Barclays dropped their target price on Privia Health Group from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Tuesday, May 26th. Finally, Zacks Research raised Privia Health Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 5th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Privia Health Group presently has a consensus rating of “Moderate Buy” and an average price target of $31.00. View Our Latest Research Report on PRVA

Privia Health Group Stock Performance Shares of NASDAQ PRVA opened at $21.02 on Tuesday. Privia Health Group, Inc. has a fifty-two week low of $19.53 and a fifty-two week high of $28.82. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 100.10, a PEG ratio of 1.67 and a beta of 0.85. The business’s 50 day moving average price is $24.54 and its 200-day moving average price is $23.22.

Privia Health Group (NASDAQ:PRVA – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The company had revenue of $632.63 million during the quarter, compared to analysts’ expectations of $597.33 million. Privia Health Group had a return on equity of 3.52% and a net margin of 1.19%.Privia Health Group’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 EPS. Sell-side analysts predict that Privia Health Group, Inc. will post 0.27 earnings per share for the current year.

Privia Health Group Company Profile (Free Report)

Privia Health Group (NASDAQ: PRVA) is a physician enablement company that partners with independent physicians, medical groups and health systems to transform the delivery of patient care. Through a clinically integrated network and a proprietary technology platform, the company supports providers in managing population health, delivering coordinated care and optimizing financial performance under both fee-for-service and value-based reimbursement models.

Founded in 2016 and headquartered in McLean, Virginia, Privia Health has rapidly expanded its footprint to serve multiple metropolitan markets across the United States.

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A month has gone by since the last earnings report for Principal Financial (PFG - Free Report) . Shares have lost about 2.2% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Principal Financial due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Principal Financial Group, Inc. before we dive into how investors and analysts have reacted as of late.

PFG Q2 Earnings Beat on Solid Underwriting, Revenues Rise Y/Y

Principal Financial Group, Inc.’s second-quarter 2026 operating earnings of $2.50 per share beat the Zacks Consensus Estimate by 7.3%. The bottom line increased 16% year over year. Revenues rose 6.4% year over year to $3.99 billion, which missed the consensus mark of $4.09 billion by 2.4%. Strong underwriting, higher net revenues and margin expansion supported earnings.

PFG's Costs Rise With Benefit OutlaysTotal expenses increased 7.6% year over year to $3.41 billion. Benefits, claims and settlement expenses rose 8.3% to $1.99 billion, while operating expenses increased 8.1% to $1.40 billion. Non-GAAP operating earnings climbed 12% to $547 million. Excluding significant variances, operating earnings advanced 13% to $528.7 million, reflecting growth across the operating segments. Net income attributable to PFG declined 1% to $403.4 million.

Principal's Retirement Business Gains GroundRetirement and Income Solutions’ net revenues increased 9% year over year to $779 million. Favorable market performance and business growth supported the increase. Pre-tax operating earnings rose 11% to $323.3 million, while the operating margin expanded 60 basis points to 41.5%. Transfer deposits increased 30% to $9 billion, and recurring deposits advanced 6% to $13 billion. Participant roll-ins totaled $1.7 billion in the quarter.

PFG's Asset Management Results Stay MixedInvestment Management’s operating revenues less pass-through expenses increased 1% to $431.6 million. Pre-tax operating earnings edged up 1% to $159.4 million, while the operating margin remained stable at 37.5%. International Pension delivered stronger growth. Net revenues increased 16% to $184.8 million, and pre-tax operating earnings rose 24% to $97 million. Assets under management reached a record $168.5 billion, up 18%, aided by more favorable encaje returns and foreign-currency tailwinds.

PFG's Benefits Unit Drives Profit GrowthSpecialty Benefits’ premiums and fees increased 4% to $873.3 million. Pre-tax operating earnings rose 25% to $158.9 million, driven by premium growth and more favorable underwriting. Specialty Benefits’ loss ratio improved 280 bps to 57.4%. This was driven by improvements across all products. The unit’s operating margin improved 300 basis points to 18.2%, while the incurred loss ratio declined 280 basis points. Life Insurance revenues fell 6% to $224.1 million, but pre-tax operating earnings increased 26% to $25.2 million on improved mortality experience. Its operating margin expanded 280 basis points to 11.2%.

PFG's AUM Rises Despite Net OutflowsPrincipal Financial’s assets under management increased 7% year over year to $808 billion. The total was included within assets under administration of $1.89 trillion. AUM net cash outflows were $11.1 billion compared with $2.6 billion a year earlier. Investment Management recorded $12 billion of net outflows, concentrated in a small number of U.S. active equity strategies. Market performance added $47.5 billion to AUM during the quarter.

Principal Financial's Capital Returns Remain StrongThe company returned $426.7 million to shareholders during the quarter. This included $250.2 million of share repurchases and $176.5 million of dividends.
Principal Financial ended the quarter with $1.6 billion of excess and available capital, an estimated 400% risk-based capital ratio and a 23.6% debt-to-capital ratio. Book value per share, excluding certain fair-value and accumulated other comprehensive income effects, was $58.40.

PFG's SMB Strategy Adds ScalePrincipal Financial agreed to acquire Beam Benefits, a provider of dental, vision, life, disability and supplemental health products for small and midsized businesses. Beam serves more than 25,000 employer customers and generated $175 million in premiums during 2025. The transaction is expected to close in the second half of 2026. Principal Financial maintained its 2026 earnings-per-share and capital targets and expects Specialty Benefits growth to be at or above the high end of its 5-9% target range in 2027. The board also raised the third-quarter dividend by 2 cents to 84 cents per share.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in estimates revision.

VGM ScoresAt this time, Principal Financial has a average Growth Score of C, a grade with the same score on the momentum front. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Interestingly, Principal Financial has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

TLDR An exploited security flaw in a legacy Rain card smart contract resulted in approximately $1.1 million drained from various Solana-based platforms Avici suffered $500,800 in damages impacting 1,685 cardholders; Tria experienced losses exceeding $430,000 affecting 636 users AVICI token plummeted 49% from its daily peak, reaching an all-time low of $0.217 The stolen stablecoin funds were converted to SOL, transferred to Ethereum, and laundered via Tornado Cash Avici and Tria have both committed to fully reimbursing impacted customers; Avici submitted a complaint to federal authorities A security weakness in a deprecated smart contract has resulted in a $1.1 million theft targeting several Solana-based crypto card platforms, with neobanks Avici and Tria bearing the brunt of customer losses.

⚠️ALERT: Crypto neobank Avici is being drained in an apparent ongoing attack.

More than $1 MILLION has left card collateral accounts on the Solana-based platform, per on-chain data, with the attacker's wallet funded through the deBridge cross-chain bridge.

Avici says it is… pic.twitter.com/n2pul5Bkrs

— Coin Bureau (@coinbureau) August 28, 2026

Rain, the infrastructure provider offering stablecoin card services as a Visa principal member, confirmed that its security monitoring identified the weakness in a legacy contract version. All platforms operating on the compromised version received immediate upgrades, with Rain confirming no subsequent malicious activity has been detected.

The perpetrator leveraged the security gap by continuously submitting signed authorizations, inserting themselves as administrators on individual card-collateral wallets, and extracting the funds.

Following the theft, the stablecoins were converted to Solana, transferred across the bridge to Ethereum, and subsequently routed through the Tornado Cash mixing service.

Avici Suffers Largest Losses Avici, a self-custody neobank enabling users to spend cryptocurrency through a Visa-linked credit card, disclosed losses of $500,800 impacting 1,685 cardholders.

According to the platform, the breach was confined to a specific Solana smart contract housing funds deposited when customers loaded their card balances. User-controlled wallets on Solana and Ethereum-compatible chains remained secure and unaffected.

Avici committed to fully compensating all impacted card balances. Additionally, the firm submitted an official complaint to the FBI’s Internet Crime Complaint Center. Details regarding reimbursement timing and the capital source remain undisclosed.

Following the breach, the AVICI token collapsed 49% from its 24-hour peak of $0.43 to an unprecedented low of $0.217, later stabilizing around $0.378.

Avici Price Tria Confirms Breach, Commits to Complete Restitution Tria, another neobank utilizing Rain’s infrastructure, disclosed that 636 users were compromised, with aggregate losses surpassing $430,000.

Tria guaranteed complete reimbursement for affected customers. The platform’s native token also experienced volatility, declining over 10% temporarily after the incident became public.

Both companies have refrained from identifying additional affected platforms, and the comprehensive loss figure across all compromised services remains unclear.

The discrepancy between the $1.1 million tracked through blockchain analysis and Avici’s disclosed losses indicates that additional Rain-integrated platforms likely suffered breaches as well.

Industry Context This security incident occurs amid rapid expansion in crypto card adoption. Monitored crypto-card transaction volume surged more than threefold to $1.04 billion in July, with stablecoins accounting for 70% of over 10 million transactions.

The exploit underscores a critical custody distinction for consumers. Assets stored in Avici’s self-custodial wallets remained protected, but funds transferred to card balances entered a third-party contract infrastructure where the vulnerability existed.

According to Avici’s service agreements, Third National functions as the official card issuer, with Rain supplying the underlying technological framework.

Solana Foundation Vice President of Technology Jacob Creech outlined several upcoming Solana upgrades on Aug. 30. Transaction V1 is scheduled for Sept. 9, while the first stage of a network rent reduction is expected during the week beginning Aug. 31.

Summary

Solana plans to activate Transaction V1 on September 9, increasing transaction size to 4,096 bytes. The first rent reduction stage begins next week, starting a five-step path toward 90% savings. Solana already cut target slots to 350 milliseconds, with 300, 250 and 200 planned later. Alpenglow remains targeted for October, with Solana aiming for approximately 150-millisecond finality after mainnet activation. Legacy and version-zero transactions remain compatible because developers must opt into the larger V1 format. Creech also said developers plan to shorten slot times further and target October for Alpenglow. However, these changes follow separate activation processes. Transaction V1 will not automatically reduce slot times or activate Alpenglow.

There are a lot of major changes happening soon

– Next week: First step down in rent reduction
– Sept 9: Transaction V1 goes live
– Dropping slot time even further
– October: Alpenglow

Then we all meetup at Scale or Die in November

Solana development will never be the same

— Jacob Creech (@jacobvcreech) August 29, 2026 Transaction V1 raises Solana’s limit to 4,096 bytes Transaction V1 will raise Solana’s maximum serialized transaction size from 1,232 bytes to 4,096 bytes. The increase is about 3.3 times the existing limit, according to Solana’s official upgrade roadmap.

The larger format could support transactions containing zero-knowledge proofs, complex multisignature instructions and other data-heavy operations. The associated SIMD-0296 proposal also identifies BLS signatures and cross-chain operations as possible uses.

Developers must opt into the V1 format. Existing legacy and version-zero transactions will remain valid. Transaction V1 will not support address lookup tables, meaning applications must decide which format suits each transaction.

The change also requires wallets, application programming interfaces and other infrastructure to handle larger data payloads. The proposal acknowledges possible bandwidth and network fragmentation risks, which makes coordinated testing important before wider adoption.

Solana rent reduction begins with one of five steps The first rent reduction does not deliver the full 90% target immediately. Solana plans five stages that would eventually lower the rent calculation from 6,960 lamports per byte to 696 lamports per byte.

Solana uses rent-exempt balances to limit uncontrolled state growth. Applications lock SOL when creating accounts that store data. That SOL is generally recoverable when the account closes, meaning rent functions more like a refundable deposit than a recurring network fee.

Lower requirements would reduce the amount of SOL that developers must lock when creating token accounts, program accounts and other onchain state. This could lower entry costs for applications that manage many user accounts.

Agave 4.2 included the necessary code, but Solana placed the changes behind independent feature gates. As crypto.news previously reported, validators can activate the rent, transaction-size and slot-time upgrades separately after testing.

Faster Solana slots follow a separate schedule Solana has already reduced its target slot time to 350 milliseconds, down from the previous 400-millisecond target. The network plans additional stages at 300, 250 and eventually 200 milliseconds.

Creech did not provide dates for those remaining stages. Each reduction requires a separate feature activation. Network developers can therefore monitor validator performance before proceeding to the next target.

Shorter slots can improve transaction confirmation speed and increase the frequency at which validators produce blocks. They also place greater timing and networking demands on validators. Solana plans to adjust resource limits proportionally during the rollout.

Transaction V1 and reduced slot times are related to Solana’s broader performance roadmap, but they remain technically distinct. Reports describing Sept. 9 as the date for both changes would overstate Creech’s announcement.

Alpenglow remains an October target Alpenglow is Solana’s proposed consensus redesign. Solana says it aims to reduce transaction finality to approximately 150 milliseconds, compared with the longer confirmation process used by the current consensus system.

The official roadmap lists Alpenglow as “in development,” while Agave 4.3 is expected in October. Creech’s post supports October as the current target, but neither statement confirms a guaranteed mainnet activation date.

Before then, Solana is expected to begin the first rent-reduction stage and activate Transaction V1 on Sept. 9. Further slot reductions will depend on separate validator activations. Alpenglow must also complete testing and secure the required network support.

No verified market movement was directly attributed to Creech’s announcement at publication time.

George Town, Cayman Islands, 25th August 2026, ChainwireBy Chainwire

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THORChain, a decentralized exchange, announced the launch of THORChain 3.20, an upgrade introducing native support for Monero (XMR) and Zcash (ZEC) swaps.

Until now, moving between privacy coins such as XMR or ZEC and the crypto market has required users to rely on centralized exchanges, custodial services, or additional intermediary steps. With THORChain 3.20, users can natively swap XMR and ZEC against assets including Bitcoin (BTC), Ethereum (ETH), and stablecoins directly through THORChain.

No wrapped versions of XMR or ZEC are required. Users do not need to create an account or hand custody of their assets to a centralized entity. This is a significantly more direct route between privacy-focused cryptocurrencies and the most widely used assets in crypto.

For Monero holders, access to the broader crypto market has become an increasingly important issue as XMR continues to be removed or restricted by centralized exchanges. THORChain’s integration provides an alternative based on native assets and self-custody rather than requiring users to deposit their coins with an exchange.

The release is one of THORChain’s most significant upgrades to date. In addition to Monero and Zcash integration, version 3.20 introduces several broader changes to the protocol, including Protocol-Owned Liquidity (POL) and the new Stable Reserve, alongside renewed support for Solana, Base, and BNB. The Stable Reserve introduces stablecoin-to-stablecoin swaps with no liquidity fees, and Protocol-Owned Liquidity gives THORChain additional mechanisms for deploying protocol capital across the network.

The move builds on THORChain’s core proposition of allowing users to exchange native cryptocurrencies across otherwise disconnected blockchain networks without handing control of their assets to an intermediary.

THORChain already enables native cross-chain swaps across assets including Bitcoin and Ethereum. The addition of privacy-focused networks expands that model into an area of the crypto market where decentralized access has been far more limited until today.

About THORChain

THORChain is a decentralized exchange that enables users to swap native digital assets across different blockchain networks without relying on wrapped assets or centralized custodians. It allows users to exchange assets including Bitcoin, Ethereum, and other supported cryptocurrencies while maintaining a self-custodial experience.

Users can swap assets here: swap.thorchain.org

Swap | Website | X | Telegram | LinkedIn

ContactTHORChain Community
[email protected]

Disclaimer: Press release sponsored by our commercial partners.

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THORSday Community Podcast #229 ft. CBarraford, KentonC137 & patriotsounds | August 27, 2026 | Watch the full episode on YouTube

By Raynalytics

TL;DRTHORChain has put new launches on an initial one-to-two-week pause to prioritize stability after v3.20 and the pending v3.20.1 hotfix. Zcash, $XMR, protocol-owned liquidity deployment and the SwapKit rev-share test are all delayed, not cancelled.The team traced the immediate instability to app-layer calls through non-deterministic API endpoints. A temporary app-layer pause remains technically possible, but no decision to use it was made during the episode.ADR30 was at 38% approval when recorded. It would let node operators delegate selected administrative commands without handing over control of funds.THORChain is considering what an AI-native protocol interface should look like. An unpublicized MCP server already exists in GitLab, while a command-line wallet for agents is only a possible direction.Memoless registrations were paused after a spam attempt. The team is weighing pricing, rate limits and registration-design changes, while stressing that a user must still follow the correct inbound flow.1. Stability Comes Before the Next LaunchTHORChain had just shipped v3.20, but the episode opened with the harder follow-up: the network needed a v3.20.1 hotfix and a period of focused stability work before the roadmap could advance again.

Chad Barraford said the immediate issue came from the Rujira app layer sometimes querying API endpoints whose results could vary between requests. That variation can change gas consumption. In a consensus system, even a tiny difference in execution is unacceptable, so the team chose to pause new work while it fixed the current failure mode and watched the chain closely.

"We've had too much instability recently to just kind of keep on slogging forward." (Chad)The current patch was expected within roughly 24 hours, contingent on testing and node adoption. But the broader pause is not merely a hotfix window. The team wants at least one or two weeks to assess stability, then decide whether it can resume the roadmap or needs more time.

That means Zcash and Monero are waiting, alongside new feature rollouts, protocol-owned liquidity deployment and rev-share. The message is deliberately cautious: $XMR and Zcash are delayed, not abandoned. Churns should still resume during the stability period, but new chain launches are not the near-term priority.

The community also asked whether the app layer itself could be paused temporarily. Chad confirmed that it is technically possible, but said the team did not yet think it was necessary. The identified patch may be enough, though that judgment could change as more information arrives.

2. AI Strategy Is Still Taking ShapeBefore the technical updates, Denny highlighted a self-funded AI video from French Chad that had reached nearly 9,000 impressions. The anecdote led into a broader question: if agents increasingly initiate crypto activity, what should THORChain build for them?

Kenton said work on AI-engine optimization was beginning to show results in AI search. Chad took the longer view. He expects agents to account for a growing share of transactions, but he does not think the correct protocol strategy is obvious yet.

"The hard thing is figuring out what our strategy should be in that context." (Chad)Some ingredients already exist. Chad said a developer has been working on an open-source MCP server in THORChain's GitLab, though it had not been publicized. Agents can already broadcast a transaction with the necessary memo, so basic agent use does not require a new protocol feature.

The more ambitious possibility is an AI-friendly, command-line wallet with structured JSON output. Instead of asking an agent to operate a graphical wallet, it could hold assets, inspect transaction history and submit transactions through an interface designed for software. That idea is not a product commitment, and it may not be THORChain-specific. It is a direction the team is evaluating as the capabilities and economics of AI change.

Chad also clarified the role of Huginn. It is designed to operate independently, not as a chat assistant that a developer prompts directly. A GitLab issue can be assigned to Huginn, which then works through that task on its own schedule.

https://raynalytics.net/network-status/governance3. ADR30 Separates Operations From Fund ControlADR30 was at 38% approval during the show. The proposal would let a node operator delegate selected operational commands to another address without giving that address control of the node's funds or private keys.

That makes it a quality-of-life change rather than an economic redesign. An operator could split routine duties among people or systems while retaining the key material that matters for custody. The proposal was associated with Liquify, and Chad said he saw no material protocol-design risk beyond the normal need to implement and review the code correctly.

"The security, all that remains the same." (Chad)The vote was not presented as complete. Operators and bond providers still need time to review proposals, coordinate internally and vote. The conversation also returned to a possible future ADR that would require validators to participate in ADR votes, including an abstain option, so governance does not remain idle by default.

Other proposals remain in the queue, including free stablecoin swaps, per-asset minimum fee settings and Devel's limit-order idea. They can wait. The team was clear that stability outranks adding more work to the release path.

4. SwapKit Rev-Share Is Close, but Not ActiveThe planned rev-share arrangement with SwapKit is technically close on both sides. Chad said THORChain's work is ready for additional staging tests, while SwapKit's implementation was nearing completion. Under the proposed test, a portion of fees would go to a SwapKit-controlled bucket, where the partner could use it to compete for more external wallet flow.

"We'll start with 20%, we'll see how that goes." (Chad)That 20% figure is a starting point for a test, not a live setting. The team intends to judge the arrangement by the resulting data, then increase, decrease or stop it if the outcome does not justify the share.

Rev-share can be enabled through an operational Mimir vote, which ordinarily needs three agreeing nodes. But no activation should be read into that mechanism. The same stability pause affecting $XMR and Zcash also pushes the rev-share test back by at least one or two weeks.

The episode also touched on protocol-owned liquidity. v3.20 was meant to help direct system income into selected pools, but that work is now subject to the same pause. The team may later prioritize stablecoins, $XMR, Zcash or other pools, but no new allocation is expected while stability work takes precedence.

5. Memoless Swaps Are Paused While the Team Reworks DefensesThe memo registration feature used for memoless swaps was turned off after someone began repeatedly registering short memo identifiers in an attempt to capture an incorrectly sent inbound transaction. Each pool has roughly 100,000 possible identifiers, and the attacker tried to flood that space with registrations.

Chad's key distinction was important: the attempt can only succeed when someone sends funds to THORChain without including a memo and without registering the intended memo first. It is not a conventional compromise of a correctly formed THORChain Swap.

"The protocol gained money in this particular attack as of now." (Chad)The attacker pays to keep registrations active and, at the time of the episode, was operating at a loss. That does not make the design question irrelevant. The team is deciding whether to restart the feature as it is, make registrations more expensive as space fills, cap registrations per block, bind a registration more closely to the sending address, or include the expected amount in the registration. Each option creates different wallet and user-experience edge cases.

For now, the status is a pause and an active design discussion, not a finalized fix. The practical guidance remains the same: use an interface that constructs the transaction correctly, read its warnings and send a small test transaction before committing a meaningful amount. Self-custody gives users control, but it also makes transaction discipline non-optional.

What to Watchv3.20.1 and uptime: whether the hotfix is adopted cleanly and the team sees the stable operation it wants before reopening the roadmap.New-chain timing: when Zcash and $XMR return to the launch queue after the initial one-to-two-week stability review.ADR30: whether the delegation proposal clears its node vote and how quickly the remaining governance queue moves afterward.AI interfaces: whether the MCP server is publicized, and whether the agent-friendly command-line wallet concept becomes a concrete build.Memoless redesign: which registration defense the team chooses and when THORChain Swap can safely re-enable the flow.More THORChain data, check out raynalytics.net

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Rupert Murdoch's longstanding wish to reunite his Fox Corp (FOXA.O) and News ​Corp (NWSA.O) could happen in a potential merger that would unite a TV company with a widespread news operation, cementing the family's control ‌over a smaller empire, court documents and video show.

Discussions of a possible re-merger were revealed during the last few weeks in unsealed court documents and an attorney's testimony related to a family succession saga that began in 2023. The judicial official overseeing the matter released the findings at the end of July.

They showed that in 2022, Rupert Murdoch, then chairman of Fox Corp and ​News Corp, became interested in recombining the two companies after he split them less than 10 years earlier.

The merger failed after investors balked, but court ​proceedings in June show Murdoch could make a renewed attempt. In a hearing to determine whether the court testimony should ⁠be made public, an attorney for Lachlan Murdoch argued any discussions related to the merger should be sealed or redacted because it is "something that still could happen ​in the future."

In a statement, Fox said, "The references in the court records concerned a potential merger considered in 2022. There have been no merger discussions between FOX and ​News Corp since then." News Corp referred to the Fox statement. Fox shares dropped 3.4% while News Corp rose 0.7% following the Reuters report.

In a sign of how aggressively Murdoch pursued the merger, he drafted a letter in 2022 to both boards stating the family trust would not "vote in favor of any alternative sale, merger or similar transaction involving either company." After ​a representative for Murdoch's daughter Elisabeth questioned the re-merger, Rupert texted her and threatened to "ram it through ... if necessary."

A merger would bring together what remains of Murdoch's ​waning media empire. It would unite an array of disparate businesses across television, newspapers and streaming, including Fox News, Fox broadcast, which airs NFL games, the Wall Street Journal, the Sun, ‌and the ⁠New York Post.

Fox, led by Lachlan Murdoch, struck a $22 billion deal in June to acquire the streaming platform Roku (ROKU.O), giving Fox access to more than 100 million households in an attempt to reach more digital audiences as television declines.

Murdoch split his empire in two after a hacking scandal at his UK newspapers in 2013 threatened his enterprise. Murdoch and his son James Murdoch apologized to a UK parliamentary committee after it was revealed one of his tabloids had hacked the mobile phone of murdered schoolgirl ​Milly Dowler. Murdoch cleaved the faster-growing and ​more lucrative television business from his ⁠shrinking newspaper empire, and investors boosted the value of both.

The court findings were released after several news organizations, including Reuters, petitioned the probate commissioner presiding over the case to release the proceedings.

The fractious family dispute started in December 2023, when the ​then 93-year-old media titan moved to alter the family trust to give effective control of Fox and News Corp to ​his eldest son Lachlan, ⁠cutting out three of his children, Prudence MacLeod, Elisabeth, and James.

The children took their father to court but settled last year after a two-year battle. Lachlan became the heir to his father's business while the three children were paid $1.1 billion each in a deal that dissolved their stakes in the family trust that controls Murdoch's companies.

Details from the succession ⁠drama were first ​revealed by the New York Times Magazine last year, but the July findings from the Nevada court ​relayed fresh comments from the elder Murdoch.

When a family representative questioned his motivation to further consolidate his control over the businesses, Rupert Murdoch responded: “Sorry, Richard! This has been a family-dominated business for 70 years,” ​and added, “It would be a disaster for at least the U.S. and Australia if these assets fell into the wrong hands.”

It has been about a month since the last earnings report for CBRE Group (CBRE - Free Report) . Shares have lost about 1.5% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is CBRE due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.

CBRE Group’s Q2 Earnings Beat Estimates on Broad-Based Segment GrowthCBRE Group reported second-quarter 2026 core earnings of $1.56 per share, beating the Zacks Consensus Estimate of $1.47. The figure increased 30% from $1.20 in the year-ago quarter.

Revenues rose 15.5% year over year to $11.23 billion and surpassed the consensus mark of $11.17 billion. Strong leasing, property sales, critical infrastructure and project-management activity drove growth.

Advisory Strengthens on Leasing and SalesAdvisory Services revenues increased 17.7% year over year to $2.31 billion. Segment operating profit climbed 29.4% to $449 million, outpacing revenue growth and reflecting solid operating leverage.

Global leasing revenues advanced 24%, driven by a 24% increase in the United States on strength in office and industrial activity. Leasing revenues in Europe, the Middle East and Africa (EMEA) grew 27%, while Asia-Pacific revenues rose 19%. Global property sales revenues increased 20%, and commercial mortgage origination revenues improved 8%.

BOE Gains From InfrastructureBOE revenues grew 14.6% to $6.69 billion. BOE’s operating profit increased 25.5% to $335 million, aided by business expansion and the reclassification of certain amortization costs associated with vehicle finance leases.

Critical infrastructure services revenues surged 68%, driven by Data Center Solutions and contributions from Pearce Services, which CBRE Group acquired in November 2025. Facilities management revenues rose 11%, led by local facilities management and growth from technology, media and telecommunications clients.

Project Management Delivers Strong GrowthProject Management revenues increased 19.1% year over year to $2.05 billion. Pass-through costs rose 22.2% to $1.08 billion, reflecting the subcontracted work performed for clients and reimbursed by them.

Segment operating profit advanced 27.8% to $147 million. Infrastructure activity remained strong across transportation and utility projects in the U.K., Europe and the Middle East. Real estate project growth was led by North America and Asia, with notable demand from hyperscaler and technology clients.

Real Estate Investments Profit Rises as Revenues FallReal Estate Investments revenues declined 10.2% to $193 million, mainly reflecting a 37% decrease in development revenues to $44 million. However, segment operating profit increased 68% to $42 million.

Development operating profit rose to $9 million from $3 million, while investment management operating profit edged up to $32 million from $31 million. The development portfolio of in-process projects and pipeline remained at $29.6 billion. Assets under management were approximately $155 billion at quarter-end.

Cash Flow Supports Share RepurchasesCBRE Group generated nearly $1.7 billion of free cash flow during the trailing 12 months, representing a 76% conversion rate. Management expects full-year conversion to be near the high end of its 75-85% target range.

The company repurchased nearly $1 billion of shares from the beginning of 2026 through July 27. It made no material acquisitions during the second quarter, directing capital toward buybacks while maintaining liquidity for strategic investments.

Balance sheet metrics remained conservative. Net leverage was 1.6X as of June 30, 2026. Total liquidity stood at approximately $4.39 billion at quarter-end, comprising $1.49 billion of cash and $2.90 billion available under revolving credit facilities. Management expects year-end leverage to be around the midpoint of its target range.

Raises Its 2026 Earnings OutlookManagement raised its full-year 2026 core earnings guidance to $7.80-$7.90 per share from $7.60-$7.80. The midpoint implies 23% year-over-year growth, supported by the second-quarter outperformance, stronger expected Advisory growth and higher development profits.

The company expects approximately 20% segment operating profit growth in Advisory Services and about 25% growth in BOE. Project Management profit is projected to grow in the mid-teens, while Real Estate Investments profit is expected to exceed the prior-year level, led by development gains.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a flat trend in estimates revision.

VGM ScoresCurrently, CBRE has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Charting a somewhat similar path, the stock has a grade of B on the value side, putting it in the second quintile for value investors.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook CBRE has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Key Takeaways VIAVI Solutions is benefiting from a diverse portfolio that reduces reliance on any single end market.Data center infrastructure and aerospace & defense are expected to be key near-term growth drivers.New testing capabilities and acquisitions are broadening VIAVI Solutions' reach across key applications. VIAVI Solutions (VIAV - Free Report) is benefiting from its comprehensive and diverse product offerings. Its diversified portfolio is ensuring sustained growth by reducing its reliance on any single end market.

VIAVI's Network and Service Enablement (NSE) business is witnessing strong demand for lab, production and field instruments tied to data center buildouts. New PCIe 7.0 analysis and CyberFlood CF1000 capabilities expand Viavi’s ability to validate AI inference workloads, encrypted traffic and next-generation infrastructure. The integration of Spirent’s high-speed Ethernet and network security testing assets continues to broaden Viavi’s addressable market across enterprise and data center applications. The acquisition of Inertial Labs has also boosted its portfolio strength.

Beyond the AI infrastructure space, the company also boasts a strong presence in the aerospace and defense space. Strong demand for positioning, navigation and timing (PNT) products is supporting growth in this domain. The company is also working on expanding into 6G, Wi-Fi, AI-RAN and specialized RF testing to expand its portfolio’s addressable market.

It is to be noted that, in the near term, data center infrastructure and aerospace & defense will be the major growth drivers for the company. However, the company continues to face risks related to product-mix fluctuations and competitive pressures across each of its served markets.

Other Tech Firm with Diverse Portfolio OfferingJabil, Inc.’s (JBL - Free Report) focus on end-market and product diversification remains a key long-term catalyst. Management continues to target a balanced portfolio so that no individual product or product family becomes an outsized contributor to operating income or cash flow. This strategy improves the stability of earnings through industry cycles while allowing Jabil to capture opportunities across AI infrastructure, healthcare, industrial and automation markets. Moreover, Jabil’s organizational structure remains aligned with major end markets, allowing the company to build deeper domain expertise and respond more quickly to customer demand.

Keysight Technologies, Inc. (KEYS - Free Report) is also placing strong emphasis on product diversification. Keysight’s Communication Solutions Group segment is benefiting from healthy growth in both wireline and wireless, AI data center expansion, and rising investments in next-generation wireless (5G/6G and Non Terrestrial Network). Strong AI-related investments, higher demand for wafer and lithography solutions for advanced chip development and growth in software-defined vehicles, cybersecurity and EV charging solutions are driving growth in the Electronic Industrial Solutions Group.

VIAV’s Price Performance, Valuation and EstimatesVIAVI has gained 240.9% in the past year compared with the Electronics - Measuring Instruments industry’s growth of 196.8%.

Image Source: Zacks Investment Research

Going by the price/earnings ratio, the company’s shares currently trade at 24.55 forward earnings, lower than 38.52 for the industry and its mean of 39.43.

Image Source: Zacks Investment Research

The company’s earnings estimates for 2026 and 2027 have improved over the past 60 days.

Image Source: Zacks Investment Research

VIAV sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Deutsche Bank AG acquired a new position in shares of WD-40 Company (NASDAQ:WDFC – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 22,346 shares of the specialty chemicals company’s stock, valued at approximately $5,444,000. Deutsche Bank AG owned approximately 0.17% of WD-40 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of WDFC. Quarry LP boosted its holdings in shares of WD-40 by 1,462.5% in the 3rd quarter. Quarry LP now owns 125 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 117 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of WD-40 by 207.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 157 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 106 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in WD-40 by 400.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 215 shares of the specialty chemicals company’s stock worth $42,000 after acquiring an additional 172 shares in the last quarter. Parallel Advisors LLC raised its stake in WD-40 by 195.4% during the 3rd quarter. Parallel Advisors LLC now owns 257 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 170 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in WD-40 by 243.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 278 shares of the specialty chemicals company’s stock valued at $55,000 after acquiring an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Analyst Upgrades and Downgrades Several equities analysts have issued reports on the stock. Zacks Research upgraded shares of WD-40 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. DA Davidson lifted their target price on WD-40 from $270.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Northcoast Research raised WD-40 to a “strong-buy” rating in a report on Wednesday, June 24th. Jefferies Financial Group reissued a “hold” rating on shares of WD-40 in a research report on Friday, July 10th. Finally, Weiss Ratings downgraded WD-40 from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, WD-40 currently has a consensus rating of “Buy” and a consensus target price of $305.00.

View Our Latest Stock Analysis on WDFC Insider Transactions at WD-40 In other WD-40 news, insider Patricia Q. Olsem sold 300 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $233.73, for a total transaction of $70,119.00. Following the completion of the transaction, the insider owned 4,774 shares in the company, valued at approximately $1,115,827.02. This represents a 5.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.78% of the company’s stock.

WD-40 Price Performance Shares of WDFC opened at $215.89 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 2.65. WD-40 Company has a fifty-two week low of $175.38 and a fifty-two week high of $298.90. The firm has a 50-day simple moving average of $235.76 and a 200-day simple moving average of $225.02. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 32.81 and a beta of 0.27.

WD-40 (NASDAQ:WDFC – Get Free Report) last posted its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.75. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.The company had revenue of $195.12 million during the quarter, compared to analysts’ expectations of $172.79 million. During the same period last year, the firm earned $1.54 EPS. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. WD-40 has set its FY 2026 guidance at 6.050-6.350 EPS. On average, equities research analysts anticipate that WD-40 Company will post 6.24 earnings per share for the current year.

WD-40 Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 17th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, July 17th. WD-40’s dividend payout ratio (DPR) is 62.01%.

WD-40 Company Profile (Free Report)

WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.

See Also Five stocks we like better than WD-40 Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here Want to see what other hedge funds are holding WDFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WD-40 Company (NASDAQ:WDFC – Free Report).

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It has been about a month since the last earnings report for Plexus (PLXS - Free Report) . Shares have added about 1.4% in that time frame, underperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Plexus due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts.

Plexus' Q3 Earnings Beat EstimatesPlexus reported third-quarter fiscal 2026 adjusted earnings per share (EPS) of $2.32 compared with the year-ago quarter’s $1.90. The figure beat the Zacks Consensus Estimate of $2.10 per share. Management expected non-GAAP EPS to be in the band of $2.02-$2.18.

Revenues increased 28.1% to $1.305 billion and surpassed the consensus mark of $1.228 billion by 6.3%. Management expected revenues to be between $1.2 billion and $1.25 billion. Broad end-market demand, new program ramps and Industrial strength drove the performance.

In the fiscal third quarter, Plexus announced 31 manufacturing program wins, which are estimated to contribute $255 million in annualized revenues once fully ramped into production.

Looking at Quarterly DetailsAerospace/Defense revenues climbed 27.1% year over year and 10% sequentially to $233 million, accounting for 18% of the total. Broad demand and strong operational execution supported revenue growth. Fiscal 2026 revenues are now projected to grow more than 20%, buoyed by defense demand, while fiscal fourth-quarter revenues are expected to be flat.

 Healthcare/Life Sciences revenues increased 15% year over year and 2% sequentially to $483 million, contributing 37% of total revenues. Program ramps remained a growth driver. Fiscal 2026 revenues are projected to be in the high teens, while fiscal fourth-quarter revenues are expected to be flat.

 Industrial revenues surged 42.2% year over year and 23% sequentially to $589 million. The sector represented 45% of total revenues, up from 41% in both the prior quarter and the year-ago period.

Semiconductor capital equipment and broader industrial demand and program ramps supported the growth. Management expects Industrial revenues to rise in the high-single to low-double digits sequentially in the fiscal fourth quarter while overall fiscal 2026 revenues are projected to grow more than 20%.

Our estimates for revenues from the Industrial, Healthcare/Life Sciences and Aerospace/Defense were $533.1 million, $473 million and $222 million, respectively.

Revenues from the Americas increased 37.2% year over year to $428 million. Asia-Pacific revenues increased 30.4% while EMEA revenues declined 6.6%.

The company’s top 10 customers accounted for 55% of net revenues in the fiscal third quarter.

Operating DetailsGross profit on a GAAP basis was up 27.2% year over year to $131.4 million. Gross margin was 10.1%, unchanged from the year-ago quarter.

Selling and administrative expenses increased 41.1% from the year-ago quarter’s actuals to $70.1 million.

Adjusted operating margin expanded 30 basis points to 6.3%.

Cash Flow & Balance Sheet PositionAs of July 4, 2026, Plexus had cash & cash equivalents worth $314.1 million compared with $303.1 million as of April 4.

Long-term debt and finance lease obligations, net of the current portion were $91.6 million as of July 4, 2026, compared with $91 million as of April 4.

For the quarter under review, cash flows generated from operations were $25.9 million. Plexus reported a free cash outflow of $0.7 million after incurring capital expenditures of $26.6 million.

The company repurchased $20.6 million worth of shares at an average price of $258.75 per share under its repurchase program in the fiscal third quarter. Out of the $100 million authorization, $21.4 million remains available.

Q4 Guidance Signals More GrowthFor the fiscal fourth quarter, revenues are projected between $1.33 billion and $1.38 billion. At the midpoint, the revenue outlook implies a 4% sequential rise and 28% year-over-year growth.

Non-GAAP EPS is expected to be in the band of $2.47-$2.63, while adjusted operating margin is forecasted in the 6.1-6.5% range.

Management now expects fiscal 2026 revenue growth above 20% and adjusted operating margin greater than 6%. Fiscal 2027 revenue growth is expected to exceed the 9-12% goal, alongside further margin expansion.

The stronger outlook also requires more working capital investments. Management now anticipates fiscal 2026 free cash flow usage.  Earlier, Plexus projected free cash flow to be $50-$75 million for fiscal 2026. The company expects to return to meaningful free cash flow generation early in fiscal 2027

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in estimates review.

The consensus estimate has shifted 60.95% due to these changes.

VGM ScoresAt this time, Plexus has a poor Growth Score of F, however its Momentum Score is doing a bit better with a D. Charting a somewhat similar path, the stock was allocated a score of C on the value side, putting it in the middle 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Plexus has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.

Performance of an Industry PlayerPlexus is part of the Zacks Electronics - Manufacturing Services industry. Over the past month, Sanmina (SANM - Free Report) , a stock from the same industry, has gained 10.8%. The company reported its results for the quarter ended June 2026 more than a month ago.

Sanmina reported revenues of $3.46 billion in the last reported quarter, representing a year-over-year change of +69.7%. EPS of $3.31 for the same period compares with $1.53 a year ago.

Sanmina is expected to post earnings of $3.20 per share for the current quarter, representing a year-over-year change of +91.6%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.

Sanmina has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.