The exploit targeted a bridge operated by derivatives exchange AFX and emptied nearly all of the USDC locked in the contract, according to security firm Blockaid. Arbitrum co-founder Steven Goldfeder said the network's native bridge was not affected.
AFX Trade, a derivatives exchange that settles trades in USDC, was exploited for approximately $24.15 million on July 22 after an attacker targeted a bridge the protocol operates on Arbitrum, according to security firm Blockaid.
Blockaid said it detected the exploit at 21:30 UTC and published the transaction on Arbiscan. "The exploit was specific to a bridge that AFX operates," the firm wrote, adding that it is working with the Arbitrum team "to respond to the incident, to engage with the affected protocol, and to help them contain the stolen funds."
The attacker moved the funds to Ethereum and swapped them for 12,467 ETH at an average price of $1,937, according to onchain analytics account Lookonchain, which linked to the exploiter's address on Arkham.
AFX had not published a statement on its X account as of the time of writing. The Defiant reached out to AFX for comment.
Arbitrum Says Native Bridge UnaffectedSteven Goldfeder, co-founder of Arbitrum developer Offchain Labs, said the exploit did not compromise Arbitrum's own infrastructure.
"We're aware of a report of a bridge hack on Arbitrum and are investigating. We can confirm that the transaction in question originated from a third party protocol, and the Arbitrum native bridge has not been hacked or exploited in any way," Goldfeder wrote. "We will coordinate with the third party team and will report more details when we have them."
Nearly All Bridge Deposits DrainedThe AFX bridge contract on Arbitrum held about $24.2 million in USDC before the attack, according to DefiLlama, meaning the exploit drained nearly all of the funds locked in the contract. Deposits in the bridge had grown from about $19.3 million in mid-June.
AFX, short for Anti-Fragile Exchange, describes itself as a sovereign Layer 1 blockchain built for decentralized derivatives, offering USDC-margined perpetuals with up to 100x leverage on crypto assets, equities, ETFs and commodities, according to its website. User deposits enter the protocol through the Arbitrum-based bridge contract that was targeted in the attack.
The attack follows a string of exploits targeting protocols on Arbitrum in July. On July 15, perpetuals exchange Ostium halted trading after an attacker manipulated its oracle system to drain up to $18 million in USDC from its liquidity vault.
Markets showed little immediate reaction. ETH was trading at about $1,928, roughly flat over 24 hours, while ARB was down 0.3% at $0.0806, according to CoinGecko. ARB set an all-time low of $0.0705 on June 26.
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This is a general announcement. Products and services referred to here may not be available in your region. Terms and conditions apply. Fellow Binancians, The next billion people entering crypto won't look like the last billion. Different countries, different starting points, different reasons for showing up - and different assets on their radar. We want to hear your take. Who are they, and what are they buying? Join our latest community challenge on the Binance Angels X account and Binance Discord, create a post on the topic below for a chance to win a share of 500 USDC token vouchers! Activity Period: 2026-07-22 09:00 (UTC) to 2026-07-28 23:59 (UTC) How to Participate: During the Activity Period, complete all of the following steps to be eligible: Follow the Binance Angels X account.Repost this post with your take on "What the world's next billion investors look like - and what they're buying." Ground it in something real: a region, a generation, a trend, an asset class.Go to this Binance Discord channel and share:Your X post link; andYour X account username. Reward Structure: The best 20 posts will be selected at Binance’s sole discretion, and eligible winners will share a prize pool of 500 USDC token vouchers equally. The posts will be selected based on creativity, Binance brand relevance, and accuracy as per Binance's discretion. Activity Rules: Each user is allowed to submit a maximum of 1 submission for the whole campaign in the Binance Discord channel.Copied, hateful, or offensive content is not allowed and will not be counted as eligible for this Activity. Terms & Conditions: This campaign is not available for users in the EEA region. These terms and conditions (“Promotion Terms”) govern users’ participation in the promotion above (“Promotion”). By participating in this Promotion, users agree to these Promotion Terms, and the following additional terms: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice; all of which are incorporated by reference into these terms and conditions. In the case of any inconsistency or conflict between these Promotion Terms, and any other incorporated terms, the provisions of these Promotion Terms shall prevail, followed by the following in this order of precedence, and to the extent of such conflict: (a) Binance Terms and Conditions for Prize Promotions; (b) Binance Terms of Use; and (c) Binance Privacy Notice.Only users who complete identity verification during the Activity Period can qualify for rewards in the Promotion. The products or features referred to above may not be available in your region. Users are responsible for informing themselves about and observing any restrictions and/or requirements imposed with respect to the access to and use of Binance services in each country from which the services are accessed.Only users in eligible countries are able to participate in this activity. Rewards will be distributed on 2026-08-15 on Binance Rewards Hub. Eligible users will be able to login and redeem their token voucher rewards via Profile > Rewards Hub. The validity period for the token voucher is set at 30 days from the day of distribution. Binance reserves the right to disqualify a user’s reward eligibility if the account is involved in any dishonest behavior (e.g., wash trading, illegally bulk account registrations/logins, self dealing, or market manipulation). Binance further reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this Promotion, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all Participants shall be bound by these amendments. There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-07-23
Intel and AMD are reportedly signing long-term server CPU procurement agreements with Chinese clients, with some products seeing price hikes of over 40% this year.
According to Reuters, driven by the boom in AI data center construction, Intel and AMD are signing longer-term server CPU procurement agreements with Chinese server clients, with some terms exceeding two years to lock in purchasing volumes, though prices are generally not fixed. The report notes that demand for AI infrastructure has expanded from GPUs to areas including server CPUs, storage, networking equipment and memory. Some Chinese server CPU products have seen prices rise by over 40% year-to-date, with monthly increases for certain products exceeding 10%. Earlier, Reuters reported that the delivery cycle for some of Intel’s Xeon server CPUs has extended to up to six months.
37 minutes ago
Binance will suspend trading on July 25 for system upgrades.
According to an official announcement, Binance will support its partner brokers in carrying out a scheduled system upgrade, during which its stock trading service will be suspended from 10:50 to 14:00 UTC on July 25. Users will not be able to submit stock trading orders during the upgrade period. Binance stated that the upgrade is scheduled outside regular U.S. stock trading hours, and the service is expected to automatically resume after the upgrade is completed. The exact resumption time may be earlier or later than the planned window, so users are advised to arrange their relevant trading activities in advance.
37 minutes ago
Yesterday, Bitcoin spot ETFs recorded a net inflow of $69.1 million, while Ethereum spot ETFs saw a net inflow of $72.7 million.
According to data from Farside Investors, U.S. spot Bitcoin ETFs logged a total net inflow of $69.1 million yesterday. BlackRock’s IBIT led with a $38.8 million net inflow, followed by Fidelity’s FBTC at $21.5 million, Bitwise’s BITB at $5.4 million, and MSBT at $3.8 million. Grayscale’s GBTC, however, saw a net outflow of $38.3 million, while all other products had zero net flow. In the same period, U.S. spot Ethereum ETFs posted a total net inflow of $72.7 million: BlackRock’s ETHA took in $53.5 million, Fidelity’s FETH added $19.2 million, and all other products recorded no net flow.
37 minutes ago
The on-chain tokenized GME stock on Robinhood Crypto once traded at a significant premium, as market makers engaged in continuous mint arbitrage.
According to market data, trading activity in GME meme tokens and GME tokenized stocks on Robinhood Crypto has driven a rapid rise in the prices of their underlying liquidity pools. The on-chain price of GME tokenized stocks once traded at a roughly 10x premium over the actual underlying stock price. Given the relevant trading pools hold only around $200,000 in liquidity, heavy buying pressure pushed prices to deviate sharply from the spot level. Currently, mint and burn permissions for GME tokenized stocks are restricted to Authorized Participants (APs) and market makers that have completed Know Your Business (KYB) verification. On-chain data shows the official mint address is continuously issuing additional tokens to inject market liquidity; the latest records indicate new mint transactions occur nearly every minute, aimed at easing the premium and guiding prices back to their fair value.
37 minutes ago
Kazakhstan will incorporate strategic digital mining into the development of its national cryptocurrency reserve, requiring mining firms to surrender a portion of their mining assets.
Kazakhstan’s government has approved the "Implementation Rules for Strategic Digital Mining", allowing eligible enterprises to secure power quotas for up to 10 years at a capped electricity price. In exchange, participating firms must transfer a portion of their mined crypto assets to the Astana Hub Autonomous Cluster Fund, which is managed by the National Investment Company under Kazakhstan’s National Bank to bolster the country’s strategic crypto reserves. Under the new regulations, digital mining operators must submit applications via the E-licensing system, gain approval from a special committee, sign an agreement with Astana Hub within 5 working days, and finalize a power purchase contract with a power generation company to participate in the strategic digital mining program.
Intel and AMD are reportedly signing long-term server CPU procurement agreements with Chinese clients, with some products seeing price hikes of over 40% this year.
According to Reuters, driven by the boom in AI data center construction, Intel and AMD are signing longer-term server CPU procurement agreements with Chinese server clients, with some terms exceeding two years to lock in purchasing volumes, though prices are generally not fixed. The report notes that demand for AI infrastructure has expanded from GPUs to areas including server CPUs, storage, networking equipment and memory. Some Chinese server CPU products have seen prices rise by over 40% year-to-date, with monthly increases for certain products exceeding 10%. Earlier, Reuters reported that the delivery cycle for some of Intel’s Xeon server CPUs has extended to up to six months.
37 minutes ago
Binance will suspend trading on July 25 for system upgrades.
According to an official announcement, Binance will support its partner brokers in carrying out a scheduled system upgrade, during which its stock trading service will be suspended from 10:50 to 14:00 UTC on July 25. Users will not be able to submit stock trading orders during the upgrade period. Binance stated that the upgrade is scheduled outside regular U.S. stock trading hours, and the service is expected to automatically resume after the upgrade is completed. The exact resumption time may be earlier or later than the planned window, so users are advised to arrange their relevant trading activities in advance.
37 minutes ago
Yesterday, Bitcoin spot ETFs recorded a net inflow of $69.1 million, while Ethereum spot ETFs saw a net inflow of $72.7 million.
According to data from Farside Investors, U.S. spot Bitcoin ETFs logged a total net inflow of $69.1 million yesterday. BlackRock’s IBIT led with a $38.8 million net inflow, followed by Fidelity’s FBTC at $21.5 million, Bitwise’s BITB at $5.4 million, and MSBT at $3.8 million. Grayscale’s GBTC, however, saw a net outflow of $38.3 million, while all other products had zero net flow. In the same period, U.S. spot Ethereum ETFs posted a total net inflow of $72.7 million: BlackRock’s ETHA took in $53.5 million, Fidelity’s FETH added $19.2 million, and all other products recorded no net flow.
37 minutes ago
The on-chain tokenized GME stock on Robinhood Crypto once traded at a significant premium, as market makers engaged in continuous mint arbitrage.
According to market data, trading activity in GME meme tokens and GME tokenized stocks on Robinhood Crypto has driven a rapid rise in the prices of their underlying liquidity pools. The on-chain price of GME tokenized stocks once traded at a roughly 10x premium over the actual underlying stock price. Given the relevant trading pools hold only around $200,000 in liquidity, heavy buying pressure pushed prices to deviate sharply from the spot level. Currently, mint and burn permissions for GME tokenized stocks are restricted to Authorized Participants (APs) and market makers that have completed Know Your Business (KYB) verification. On-chain data shows the official mint address is continuously issuing additional tokens to inject market liquidity; the latest records indicate new mint transactions occur nearly every minute, aimed at easing the premium and guiding prices back to their fair value.
37 minutes ago
Kazakhstan will incorporate strategic digital mining into the development of its national cryptocurrency reserve, requiring mining firms to surrender a portion of their mining assets.
Kazakhstan’s government has approved the "Implementation Rules for Strategic Digital Mining", allowing eligible enterprises to secure power quotas for up to 10 years at a capped electricity price. In exchange, participating firms must transfer a portion of their mined crypto assets to the Astana Hub Autonomous Cluster Fund, which is managed by the National Investment Company under Kazakhstan’s National Bank to bolster the country’s strategic crypto reserves. Under the new regulations, digital mining operators must submit applications via the E-licensing system, gain approval from a special committee, sign an agreement with Astana Hub within 5 working days, and finalize a power purchase contract with a power generation company to participate in the strategic digital mining program.
AFX suffered a $24.15 million USDC loss after an attacker targeted a cross-chain bridge linked to the trading protocol on July 22.
Summary
AFX’s cross-chain bridge lost $24.15 million USDC while Arbitrum’s native bridge remained unaffected during attack. The exploiter moved stolen USDC to Ethereum and converted the proceeds into 12,467.5 ETH afterward. Security firms are tracing the stolen funds as AFX and Arbitrum teams investigate the breach. The incident triggered an investigation by Blockaid and the Arbitrum team, while on-chain trackers followed the stolen funds to Ethereum.
The attack did not affect Arbitrum’s native bridge. AFX operates its own sovereign Layer 1 for perpetual trading but accepts USDC deposits through Arbitrum. The affected infrastructure was a third-party bridge operated by AFX rather than Arbitrum’s core bridge.
AFX bridge loses $24.15 million USDC Blockaid said it detected the exploit at 9:30 p.m. UTC on July 22. The firm said the attack targeted a bridge operated by AFX and drained about 24.15 million USDC. An Arbiscan record shows a successful transfer of 24,150,000 USDC from the bridge contract to the recipient address at 9:30:25 p.m. UTC.
Blockaid detected an exploit at 2026-07-22 21:30 UTC targeting @AFX_XYZ, a protocol on @arbitrum. The exploit was specific to a bridge that AFX operates. Approximately 24.15M USDC has been drained thus far from the protocol.
Our team has been working with the incredible folks on… https://t.co/0Qd9ve5gPB
— Blockaid (@blockaid_) July 22, 2026 The security firm said it was working with the Arbitrum team to respond, contact the affected protocol and help contain the stolen funds. Based on the public updates reviewed at publication time, no recovery had been confirmed.
AFX had also not published a verified technical postmortem explaining how the attacker gained authorization to withdraw the funds. The protocol had not announced a recovery plan.
Offchain Labs co-founder Steven Goldfeder confirmed that the suspicious transaction came from a third-party protocol. He also separated the AFX incident from Arbitrum’s own bridge infrastructure.
“We’re aware of a report of a bridge hack on Arbitrum and are investigating. We can confirm that the transaction in question originated from a third-party protocol, and the Arbitrum native bridge has not been hacked or exploited in any way,” Goldfeder said.
He added that the team would coordinate with the third-party protocol and share more details when available.
AFX uses Arbitrum as a route for USDC deposits while running its trading system on a dedicated Layer 1. AFX describes itself as a decentralized derivatives platform built around a sovereign execution environment. A recent protocol post also said users could deposit USDC from Arbitrum before accessing its perpetual markets.
Exploiter converts stolen USDC into ETH PeckShield said the attacker moved the stolen USDC from Arbitrum to Ethereum and converted the proceeds into 12,467.5 ETH. Lookonchain separately reported that the exploiter bought about 12,467 ETH at an average price near $1,937 per ETH after moving the funds.
The conversion moved the stolen value from a U.S. dollar-pegged stablecoin into Ether, exposing the holdings to ETH price movements. Security teams continued tracing the funds after the swap. At publication time, the reviewed sources did not confirm that Circle had frozen the USDC before conversion or that any of the ETH had been recovered.
The attack adds to several bridge-related security incidents this year. As crypto.news previously reported, Stake DAO closed its vsdCRV bridge after an unauthorized mint on Arbitrum in May. The project said it secured the token’s mainnet backing and contained the incident to the affected bridge.
Earlier in April, a larger exploit hit Kelp DAO’s LayerZero-powered bridge. Attackers drained roughly 116,500 rsETH worth about $292 million. Arbitrum later froze more than 30,000 ETH linked to that attacker after the funds moved onto Arbitrum One.
Investigation focuses on AFX-operated infrastructure The investigation now centers on the AFX-operated bridge and the authorization process behind the 24.15 million USDC withdrawal. The confirmed transaction shows that the bridge contract finalized the transfer, but public statements do not yet establish the verified root cause. A full postmortem may determine whether the incident involved compromised validator credentials, faulty access controls or another weakness.
The main confirmed point is that the exploit affected infrastructure operated by AFX rather than Arbitrum’s native bridge. Blockaid and Offchain Labs both made that separation clear in their initial responses. The Arbitrum network continued operating, and reviewed reports showed no loss from its native bridge.
The incident also places attention on AFX’s deposit infrastructure. The protocol has promoted USDC deposits from Arbitrum as an entry route into its trading platform. Any changes to deposits, withdrawals or bridge operations will depend on the protocol’s response and the ongoing investigation.
The case remains developing. The confirmed loss stands at about $24.15 million in USDC, while on-chain trackers have traced the stolen value into roughly 12,467 ETH on Ethereum. Further updates are expected from AFX, Blockaid and the Arbitrum team as they review the breach and track the attacker’s funds.
New York, New York--(Newsfile Corp. - July 22, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Futu Holdings Limited (NASDAQ: FUTU) between May 24, 2023 and May 27, 2026, inclusive (the "Class Period"), of the important August 25, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Futu securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Futu class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 25, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Futu was not in compliance with the requirements of the China Securities Regulatory Commission (the "CSRC"), including because Futu continued to conduct securities business, public fund sales business and futures business in mainland China without obtaining the requisite licenses or approval; (2) as a result, Futu was reasonably likely to face regulatory penalties, including the disgorgement of ill-gotten gains and other penalties; (3) as a result of the foregoing, Futu's financial results were overstated; and (4) as a result of the foregoing, defendants' positive statements about Futu's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Futu class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306187
Source: The Rosen Law Firm PA
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EUR/JPY extends its gains for the third successive day, trading around 186.40 during the Asian hours on Thursday. The currency cross is keeping a bullish near-term bias as it holds above both the nine-day and 50-day Exponential Moving Averages (EMAs). The short-term EMA trading over the longer one reinforces an upward structure.
The 14-day Relative Strength Index (RSI) at 59.46 stays in positive territory without yet signaling overbought conditions, hinting that buyers still retain control but face nearby upside constraints.
The daily chart technical analysis shows the currency cross is positioned above the upper boundary of an ascending triangle, suggesting a bullish breakout. Further advances would support the currency cross to navigate the region around the all-time high of 187.95, which was recorded on April 17.
On the downside, a return within the triangle would expose the initial support at the nine-day EMA of 185.81, with additional backing at the 50-day EMA of 185.23 and the lower boundary of the ascending triangle near 185.20.
Further declines below the triangle pattern would undermine the bullish setup and put downward pressure on the EUR/JPY cross to navigate the region around the five-month low of 181.87, recorded on March 16, and the seven-month low of 180.81.
EUR/JPY: Daily Chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Euro Price Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.
USDEURGBPJPYCADAUDNZDCHFUSD-0.18%-0.10%-0.07%-0.17%-0.30%-0.05%-0.14%EUR0.18%0.09%0.13%0.00%-0.12%0.15%0.03%GBP0.10%-0.09%0.04%-0.10%-0.21%0.06%-0.05%JPY0.07%-0.13%-0.04%-0.12%-0.25%-0.00%-0.10%CAD0.17%-0.00%0.10%0.12%-0.14%0.13%0.01%AUD0.30%0.12%0.21%0.25%0.14%0.27%0.18%NZD0.05%-0.15%-0.06%0.00%-0.13%-0.27%-0.12%CHF0.14%-0.03%0.05%0.10%-0.01%-0.18%0.12% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Buzz is building around a new cloud computing business from Meta Platforms (META -2.53%), and it looks like the stars are aligning for it to make the announcement on July 29 when it reports second-quarter earnings.
The Facebook-parent has yet to make a formal acknowledgment about adding cloud infrastructure operations, but CEO Mark Zuckerberg indicated it was a strong possibility earlier this year when he said a cloud business is "definitely on the table."
A few weeks ago, Bloomberg said that the company is building out a cloud computing business, and just a few days ago, The New York Times said the company was in talks to lease computing power to Anthropic in a deal that could be valued at $10 billion over the next two years.
Image source: Getty Images.
Meta hasn't confirmed these reports, but the rumors make a lot of sense as the company said it would plow between $125 and $145 billion into capex this year, much of that going to AI infrastructure. However, it's the only one of the four major hyperscalers, which includes Alphabet, Microsoft, and Amazon, to not have its own cloud computing business.
Demand for AI infrastructure is soaring, and the recent second-quarter report from Alphabet confirmed that as the company reported 82% revenuet growth to $24.8 billion in Google Cloud and operating income more than tripled to $8.8 billion. It's worth noting that Google Cloud was losing money just a few years ago, but the AI boom clearly changed that.
With numbers like that, Meta investors are likely chomping at the bit for it to launch its own cloud business.
Today's Change
(
-2.53
%) $
-16.29
Current Price
$
627.52
Why Meta stock could soar on the news Adding a cloud computing business would solve a lot of problems for Meta. It would reassure investors that there's a profitable business attached to its soaring capex spend, rather than experiments like the metaverse and reality labs that have already burned tens of billions of dollars.
A cloud computing business would also help the company develop a second revenue stream to diversify and complement its ad business, much like Alphabet has done with Google Cloud.
Finally, a cloud business would tap into existing demand, as Zuckerberg said his company gets asked about cloud services weekly, and it would leverage infrastructure already in place, as it's invested heavily in its own AI infrastructure.
For Meta, the move looks like a no-brainer, and the stock looks cheap at a price-to-earnings ratio of just 24. At that valuation, it won't take much for the stock to pop.
Jeremy Bowman has positions in Amazon and Meta Platforms. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, and Microsoft. The Motley Fool has a disclosure policy.
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Tesla said Robotaxi operates in seven US markets, with six now offering unsupervised rides. Tim Goessman/Bloomberg via Getty Images Tesla has some numbers to tout for its progress on Robotaxi.
CEO Elon Musk and other executives said during Tesla's second-quarter earnings call on Wednesday that the company continues to expand its autonomous ride-hailing platform, adding more cities and more unsupervised rides.
Since Tesla first launched Robotaxi in June 2025 with a small fleet of Model Ys and safety monitors, the rollout of the company's ride-hailing service has been slower than Musk's predictions.
The CEO said in July 2025 that Tesla could reach half the US population by the end of 2025, pending regulatory approval.
Tesla now lists seven US metropolitan regions, including two Florida cities — Orlando and Tampa — announced on the eve of the company's Q2 earnings call.
The company has yet to disclose the size of its overall fleet, number of paid rides, intervention rates, or the economics of each trip.
Musk said during the earnings call that safety is central to the constraints on Robotaxi's deployment scale.
"If we injure even one person, it will be worldwide headline news, and regulators will immediately clamp down on our activities," he said. "We're going as fast as humanly possible in scaling Robotaxi, but while trying to ensure that we do not harm anyone at all and ideally do not even run over a pet."
Here are seven numbers that demonstrate Tesla's Robotaxi progress:
1. Nearly 2.5 million total paid milesTesla said in its shareholder deck that Robotaxi had reached nearly 2.5 million cumulative paid miles by the end of the second quarter.
The figure includes trips with a safety monitor — a human supervisor who oversees the autonomous software — in the car. In the San Francisco Bay Area, a safety monitor remains behind the wheel.
2. More than 380,000 unsupervised milesAshok Elluswamy, Tesla's VP of AI, said Robotaxi has driven more than 380,000 unsupervised miles across six cities in two different states.
This is one of the more concrete figures Tesla has provided around its progress for unsupervised rides. Tesla has yet to reveal how many cars are operating without a safety monitor.
For comparison, Alphabet's Waymo has driven more than 200 million fully autonomous, rider-only miles.
3. More than 10% weekly mileage growthMusk said Robotaxi has seen a growth rate of more than 10% for miles driven per week.
Similarly, Elluswamy said unsupervised mileage has increased at "double-digit growth rates" per week since the beginning of the year.
"We expect to continue growing at such a large rate through the rest of this year," Elluswamy said.
4. Seven US metropolitan regionsTesla said Robotaxi is now active in seven US markets: Austin, Dallas, Houston, Miami, Orlando, Tampa, and the San Francisco Bay Area.
All regions except for the Bay Area are "ramping unsupervised" rides, the company said in the shareholder deck.
Tesla is also targeting Phoenix and Las Vegas, with "preparations underway."
Meanwhile, Waymo operates in 11 US regions.
5. Zero 'notable incidents' from RobotaxiElluswamy said that there have been "zero notable incidents" over the more than 380,000 unsupervised Robotaxi miles driven. He added that the known incidents involved other road users hitting stationary Teslas.
Tesla has reported crashes to federal regulators, including two low-speed crashes that occurred after Tesla's teleoperator assumed direct control of the car. Both incidents had a safety monitor behind the wheel.
Elluswamy said the progress was a "huge validation of Tesla's entire AI approach."
6. More than 125,000 Cybercabs in manufacturing capacityTesla said it installed an annual manufacturing capacity of more than 125,000 Cybercabs — the company's purpose-built robotaxi — at Gigafactory Texas. Production began during the second quarter.
For comparison, Zoox, Amazon's robotaxi venture, says its factory in Hayward, California can assemble more than 10,000 purpose-built robotaxis a year once it operates at full scale. Waymo has said that its Arizona plant can build "tens of thousands" of robotaxis at full buildout.
Tesla's number does not represent the current production rate, which was not disclosed.
Musk said the Cybercab needs to accumulate more driving data specific to its chassis before the company can put more on the road.
Employees have started taking autonomous rides in the car at Gigafactory, Tesla said.
7. Nearly 1.5 million paid FSD customersTesla reported 1.48 million paying customers of Full Self-Driving, the automaker's advanced driver-assistance system. That represents a 56% year-over-year increase.
While FSD for personally owned vehicles requires constant human supervision, one of Tesla's long-standing promises is that the tech will no longer require driver monitoring.
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Tesla stock NASDAQ:TSLA sank more than 4% in after-hours trading after second-quarter results exposed the mounting cost of Elon Musk’s push into artificial intelligence, autonomous taxis and humanoid robots.
Revenue rose 26% to $28.24 billion, beating Tesla’s company-compiled consensus of $27.58 billion.
Adjusted earnings were 33 cents a share, missing the 55-cent consensus. Capital expenditure more than doubled to $5.79 billion, pushing free cash flow to negative $1.09 billion.
The reaction came before regular US trading on Thursday and suggested investors now want more than ambitious timelines.
Tesla delivered a record second-quarter deliveries of 480,126 vehicles, up 25%, helping automotive revenue rise 23% to $20.52 billion. Energy generation and storage revenue increased 13% to $3.14 billion.
The strain appeared below the top line. Operating expenses climbed 47% to $4.35 billion, including a 49% increase in research and development spending to $2.37 billion.
Operating income fell 57% to $398 million, while operating margin narrowed to 1.4% from 4.1%.
Automotive gross margin excluding regulatory credits dropped to 16.3% from 19.2% in the first quarter.
Lower selling prices and a sharp fall in regulatory-credit revenue showed that higher deliveries did not translate cleanly into stronger profitability.
Tesla also booked a $763 million after-tax unrealised gain on its SpaceX stake. Because adjusted earnings exclude it, the profit miss reflected underlying operations rather than accounting.
Tesla Q2 earnings: AI progress is visible, but monetisation remains limitedTesla reported 1.48 million active Full Self-Driving subscriptions, up 56% year on year.
Cybercab production began, Robotaxi operations expanded across seven US metros, and on-site AI-computing capacity in Texas more than doubled during the first half.
Those milestones support Musk’s argument that Tesla is becoming a physical-AI company, but do not establish how quickly autonomy and robotics will become material revenue sources.
Truist analyst William Stein described Tesla’s AI progress as “positive, but imperfect” in a note reported by TipRanks.
Stein views FSD and Robotaxi as the most important near-term projects and Optimus as the larger long-term opportunity, while maintaining a Hold rating.
Morgan Stanley analyst Andrew Percoco entered the report with an Equal Weight rating and a $417 target, expecting constructive but relatively modest AI updates rather than an immediate catalyst for a major re-rating.
Tesla generated $4.70 billion in operating cash flow but spent $5.79 billion on factories, computing infrastructure and new products.
Management expects full-year capital expenditure to exceed $25 billion and remain elevated as AI, Cybercab and Optimus capacity expands.
BNP Paribas analyst James Picariello expects annual capital expenditure to average at least $22 billion through 2030.
That forecast suggests the second-quarter surge was an early stage of a multiyear investment cycle, not a temporary spike.
The bullish case remains that Robotaxi and Cybercab could become scalable, high-margin businesses, while rising FSD subscriptions create recurring software revenue.
The risk is that spending continues to outrun monetisation while weaker vehicle margins reduce Tesla’s financial cushion.
For a retirement portfolio that needs a single, defensible AI infrastructure play, NVIDIA (Nasdaq: NVDA) remains a frontrunner. The stock trades at $212.06, and reports that the company is silently acquiring long-haul dark fiber across the U.S. only sharpen the bull case.
Dark fiber is unlit optical cable already in the ground but not yet carrying traffic. By locking up fiber counts reaching up to 100 pairs nationwide, NVIDIA may be pre-wiring the corridors its neocloud customers, including CoreWeave and peers, need to narrow the infrastructure gap with hyperscalers such as Microsoft (Nasdaq: MSFT) and Amazon (Nasdaq: AMZN), which secured network capacity years ago.
Point One: The Cheapest Way to Own the Optical Buildout NVIDIA trades at a trailing P/E of 31.7, with ROE of 101.5% and a 60.4% operating margin as of FY2026. Its optical suppliers do not come close. Coherent (NYSE: COHR) carries a trailing P/E of 151.06, with ROE of 4.72% and a 13.6% operating margin. Investors are paying a much richer earnings multiple for a fraction of the return profile. The head-to-head is not close.
Point Two: Real Cash Return, Finally NVIDIA recently boosted its quarterly dividend from $0.01 to $0.25 per share and layered on an additional $80 billion buyback authorization. Q1 FY2027 free cash flow hit $48.55 billion, up 85.4% year over year. Compare that with CoreWeave (Nasdaq: CRWV), which posted negative free cash flow of $4.71 billion and $50.8 billion in total liabilities last quarter. Retirees benefit from cash generation, not capital-hungry infrastructure stories still waiting to prove they can self-fund.
Point Three: The Catalyst Is Already Landing NVIDIA’s Q1 FY2027 revenue reached $81.61 billion, up 85.2% year over year, with Data Center Networking alone hitting $14.8 billion, up 199%. Management guided Q2 revenue to $91.0 billion at a 75.0% gross margin. The company also disclosed $119.0 billion in supply commitments and multi-year optics agreements with Coherent (NYSE: COHR), Lumentum (Nasdaq: LITE), and Corning (NYSE: GLW). The dark fiber buildout is the connective tissue behind that spend.
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The Risk, Dismissed China export restrictions get top billing in nearly every NVIDIA bear case. Yet the company shipped no H20 units to China in Q1 FY2027, guided Q2 assuming no China Data Center compute revenue, and still projected $91.0 billion in quarterly revenue. Huang’s broader message is that China remains a competitive threat, not an existential roadblock. As he told Axios, there is “no scenario where China runs U.S. companies off road.”
That confidence fits the infrastructure numbers. As Huang further stated, “The buildout of AI factories, the largest infrastructure expansion in human history, is accelerating at extraordinary speed.” The fiber going into the ground is part of that answer: more private networking capacity, more control over AI traffic, and less dependence on hyperscalers to dictate the terms of the buildout.
For retirement portfolios seeking a single AI infrastructure holding, NVIDIA offers the clearest exposure to the optical buildout as the AI infrastructure cycle compounds.
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Disney laid off several hundred employees Tuesday morning across multiple divisions, with Pixar absorbing the largest share of the cuts.
At least 116 employees were laid off at Pixar's Emeryville, California, headquarters, according to TheWrap, citing sources. Disney Entertainment Television, Disney Studios and ESPN were also affected by the latest round of workforce reductions.
The layoffs came as Pixar’s newly released "Toy Story 5" dominated the global box office, grossing about $962 million worldwide and putting the film on track to surpass the $1 billion mark.
The cuts also mark Pixar's largest round of layoffs in the last two years, despite "Inside Out 2" becoming the highest-grossing animated film of all time with $1.69 billion worldwide in 2024.
DISNEY LAYS OFF 1,000 EMPLOYEES ACROSS TV AND FILM UNDER NEW CEO
Toy Story characters Jessie, Woody and Buzz Lightyear pose at a red carpet launch event for 'Toy Story 5' in London on May 28, 2026. (Henry Nicholls / AFP / Getty Images)
Within Disney Entertainment, National Geographic is expected to be among the hardest-hit brands, according to the report.
ESPN also cut several high-profile on-air personalities, including Karl Ravech, a longtime SportsCenter anchor and Baseball Tonight host who has been with the network since 1993, The Hollywood Reporter reported.
Ryan Clark, a former NFL player who has served as an ESPN football analyst for more than a decade, was also named.
DISNEY CEO DEFENDS MASSIVE AI DEAL, SAYS CREATORS WON'T BE THREATENED
Characters from Disney and Pixar's "Inside Out 2" are displayed during the film's world premiere at the El Capitan Theatre in Hollywood on June 10, 2024. (Photo by Alberto E. Rodriguez/Getty Images for Disney/Pixar / Getty Images)
ESPN Chairman Jimmy Pitaro told staff in a memo Tuesday morning that the company made the decision after an extensive evaluation of its teams and organizational structure.
"Over the past several months, we’ve made significant progress integrating the NFL assets that we acquired into ESPN. Throughout this process, we have taken the time to carefully evaluate our collective teams, resources and organizational structure to best position us for the future. As a result, we had to make some difficult decisions about job impacts that we will be communicating today," Pitaro said, according to The Hollywood Reporter.
The cuts may have been triggered in part by the underperformance of "Hopper," Pixar's original film that launched earlier this year, sources told TheWrap.
The movie reportedly finished slightly below breaking even under Hollywood accounting standards.
Josh D'Amaro, as then-chairman of Disney Experiences for Walt Disney Co., during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Thursday, July 10, 2025. (David Paul Morris/Bloomberg via Getty Images / Getty Images)
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Pixar’s "Elio" also struggled at the box office, earning about $154 million worldwide in 2025 against a reported production budget of $200 million. It marked the studio’s lowest-grossing film since the COVID-impacted "Onward."
The latest round of layoffs marks the third wave of job cuts to hit the media giant this year.
Ticker Security Last Change Change % DIS THE WALT DISNEY CO. 95.87 -0.27 -0.28% In April, Disney laid off roughly 1,000 employees across its television and film divisions under newly appointed CEO Josh D’Amaro.
The executive cited the need to "streamline" operations amid the "fast-moving pace" of change across the entertainment industry.
In January, Disney reportedly consolidated its marketing departments under Chief Brand Officer Asad Ayaz, leading to additional cuts in those areas, according to The Hollywood Reporter.
Since hitting a record high of $511.75 in July last year, Ferrari (RACE +0.48%) stock has backtracked. Shares currently trade 28% below their peak (as of July 20). Investors were concerned with management's lower-than-expected long-term forecast revealed last October. And the company's first fully electric vehicle wasn't well received.
Ford Motor Company (F +1.05%) is currently winning the race by a mile. The domestic automotive stock has climbed 26% in the past 12 months. Investors cheered management's latest move of launching a battery segment to meet robust demand amid the ongoing artificial intelligence boom.
But I'm less optimistic about Ford. My prediction is that the Italian luxury brand will deliver a better return than the Detroit carmaker over the coming decade.
Image source: The Motley Fool.
Ferrari has a superior competitive position Ford was founded in 1903. That long history doesn't diminish the fact that this business doesn't necessarily operate from the strongest competitive position. This is generally true for mass-market automakers.
Competition is incredibly fierce. This comes from domestic peers. However, international rivals have also given Ford a run for its money, particularly Asian manufacturers.
And demand is highly cyclical. Consumer behavior, which is dependent on macroeconomic forces, can dictate revenue trends.
Ferrari's competitive position is excellent. It possesses arguably the widest economic moat in the auto sector. Its brand is the star of the show. The Ferrari name is globally recognized for its rich heritage of racing performance and exceptional design. This is a luxury brand.
That standing is bolstered by management's focus on keeping a lid on supply, intended to support outsize demand. Consequently, Ferrari has pricing power. Some of its limited-run models, such as the F80 unveiled in 2024, are produced in extremely low quantities and carry starting price tags in the seven figures.
The same demand dynamics that apply to Ford are irrelevant to Ferrari. The latter's customers, who are the wealthiest people in the world, are resilient to economic headwinds.
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Profitability is what drives stock performance Ferrari's brand strength directly hits the income statement. During the first three months of this year, it registered an outstanding operating margin of 29.7%, with credit going to the aforementioned pricing power. This is light-years ahead of Ford's 5.4%.
Besides margins, profit growth should grab investors' attention. In the past decade, Ferrari's diluted earnings per share (EPS) rose at a compound annual rate of 18.7%. This is a robust pace that has contributed to its share price gaining 787% over the last 10 years.
Ford's trend is much more disappointing. It posted diluted EPS of $0.61 in Q1 2016. That figure barely increased, coming in at $0.63 in the most recent quarter, equating to a 10-year annualized rate of 0.3%. This explains why Ford shares have risen by less than 3% in the past decade.
The overall automotive industry is extremely mature, limiting Ford's potential. But Ferrari has a much better growth runway. It sold 13,640 cars in 2025, up 50% from 9,119 in 2020. The niche focus adds greater revenue upside as it sells more vehicles over time.
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Pay the premium Valuation is one area where Ford comes out on top, and it's not even close. Its cheap valuation is certainly due to its very capital-intensive business, characterized by low growth and earnings.
Its shares trade at a price-to-earnings (P/E) ratio of 11.3, representing a massive 69% discount to Ferrari's multiple, which currently sits at 35.9. Investors shouldn't take this as a reason to avoid the stock, though, since this is such a high-quality enterprise.
Ferrari's P/E ratio has fallen by 31% over the past 12 months. Compared to the rest of the market, this doesn't appear to be a bargain opportunity. However, not all companies should be viewed in a similar light. Ferrari might even be deserving of a valuation expansion if it continues to deliver strong financial results.
As the final beats faded on Tomorrowland’s first weekend, the most unlikely headliner wasn’t a DJ—it was a crypto exchange. KuCoin closed its debut at the Belgian mega-festival with a branded Celestia Stage, aiming to fuse trust, music, and community into a single marketing push.
According to the press release, the sponsorship marked a weekend of live sets, interactive experiences, and an on-the-ground effort to link the KuCoin brand with the festival’s famously loyal audience. The activation leaned heavily on the idea that crypto can be a cultural force, not just a trading interface.
Music, Branding, and a Stage Called Celestia Large-scale festival sponsorships have become a staple for exchanges trying to shed their niche reputation. FTX famously embedded itself at Miami events before its collapse, while Crypto.com owns the naming rights to a major Los Angeles arena. KuCoin is following a similar playbook, but with a twist: it’s putting the concept of trust at the center of a party.
Tomorrowland’s audience skews young, digitally native, and globally connected—exactly the demographic crypto platforms want. The Celestia Stage wasn’t just a venue; it was a container for a message that KuCoin is more than a place to trade tokens. Whether festivalgoers internalized that message is another matter. A weekend of music doesn’t erase years of user skepticism that built up as the exchange navigated a complex global regulatory map.
Regulatory Baggage Brings Its Own Beat KuCoin has never been as legally exposed as some of its peers, but it hasn’t escaped scrutiny either. New York’s attorney general sued the exchange in 2023 for allegedly operating without the proper licenses, and KuCoin has since restricted access for US-based users. While the platform’s global volume remains substantial, the regulatory shadow makes high-profile branding exercises look like attempts to project stability more than anything else.
The sponsorship arrives as the broader industry remains under a microscope, with US senators just days away from a pivotal vote on a crypto market structure bill that banks are actively trying to kill. That fight, unfolding far from festival grounds, is a reminder that the regulatory climate can change faster than a DJ can drop a beat. For KuCoin, any misstep could turn a feel-good festival moment into expensive legal turbulence.
What a Festival Can’t Fix There’s a difference between building a brand and building trust. Sponsoring a stage may lift name recognition, but it doesn’t automatically make users feel safer about storing funds on an exchange with a history of regulatory friction. The real test will be whether KuCoin can translate high-decibel marketing into sustained user growth without stumbling into another compliance trap.
For now, Tomorrowland gave the exchange a glossy highlight reel. But the beats that mattered most may have been the ones nobody danced to—the quiet hum of legal risk that never really leaves the room.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Intel and AMD are reportedly signing long-term server CPU procurement agreements with Chinese clients, with some products seeing price hikes of over 40% this year.
According to Reuters, driven by the boom in AI data center construction, Intel and AMD are signing longer-term server CPU procurement agreements with Chinese server clients, with some terms exceeding two years to lock in purchasing volumes, though prices are generally not fixed. The report notes that demand for AI infrastructure has expanded from GPUs to areas including server CPUs, storage, networking equipment and memory. Some Chinese server CPU products have seen prices rise by over 40% year-to-date, with monthly increases for certain products exceeding 10%. Earlier, Reuters reported that the delivery cycle for some of Intel’s Xeon server CPUs has extended to up to six months.
27 minutes ago
Binance will suspend trading on July 25 for system upgrades.
According to an official announcement, Binance will support its partner brokers in carrying out a scheduled system upgrade, during which its stock trading service will be suspended from 10:50 to 14:00 UTC on July 25. Users will not be able to submit stock trading orders during the upgrade period. Binance stated that the upgrade is scheduled outside regular U.S. stock trading hours, and the service is expected to automatically resume after the upgrade is completed. The exact resumption time may be earlier or later than the planned window, so users are advised to arrange their relevant trading activities in advance.
27 minutes ago
Yesterday, Bitcoin spot ETFs recorded a net inflow of $69.1 million, while Ethereum spot ETFs saw a net inflow of $72.7 million.
According to data from Farside Investors, U.S. spot Bitcoin ETFs logged a total net inflow of $69.1 million yesterday. BlackRock’s IBIT led with a $38.8 million net inflow, followed by Fidelity’s FBTC at $21.5 million, Bitwise’s BITB at $5.4 million, and MSBT at $3.8 million. Grayscale’s GBTC, however, saw a net outflow of $38.3 million, while all other products had zero net flow. In the same period, U.S. spot Ethereum ETFs posted a total net inflow of $72.7 million: BlackRock’s ETHA took in $53.5 million, Fidelity’s FETH added $19.2 million, and all other products recorded no net flow.
27 minutes ago
The on-chain tokenized GME stock on Robinhood Crypto once traded at a significant premium, as market makers engaged in continuous mint arbitrage.
According to market data, trading activity in GME meme tokens and GME tokenized stocks on Robinhood Crypto has driven a rapid rise in the prices of their underlying liquidity pools. The on-chain price of GME tokenized stocks once traded at a roughly 10x premium over the actual underlying stock price. Given the relevant trading pools hold only around $200,000 in liquidity, heavy buying pressure pushed prices to deviate sharply from the spot level. Currently, mint and burn permissions for GME tokenized stocks are restricted to Authorized Participants (APs) and market makers that have completed Know Your Business (KYB) verification. On-chain data shows the official mint address is continuously issuing additional tokens to inject market liquidity; the latest records indicate new mint transactions occur nearly every minute, aimed at easing the premium and guiding prices back to their fair value.
27 minutes ago
Kazakhstan will incorporate strategic digital mining into the development of its national cryptocurrency reserve, requiring mining firms to surrender a portion of their mining assets.
Kazakhstan’s government has approved the "Implementation Rules for Strategic Digital Mining", allowing eligible enterprises to secure power quotas for up to 10 years at a capped electricity price. In exchange, participating firms must transfer a portion of their mined crypto assets to the Astana Hub Autonomous Cluster Fund, which is managed by the National Investment Company under Kazakhstan’s National Bank to bolster the country’s strategic crypto reserves. Under the new regulations, digital mining operators must submit applications via the E-licensing system, gain approval from a special committee, sign an agreement with Astana Hub within 5 working days, and finalize a power purchase contract with a power generation company to participate in the strategic digital mining program.
Intel and AMD are reportedly signing long-term server CPU procurement agreements with Chinese clients, with some products seeing price hikes of over 40% this year.
According to Reuters, driven by the boom in AI data center construction, Intel and AMD are signing longer-term server CPU procurement agreements with Chinese server clients, with some terms exceeding two years to lock in purchasing volumes, though prices are generally not fixed. The report notes that demand for AI infrastructure has expanded from GPUs to areas including server CPUs, storage, networking equipment and memory. Some Chinese server CPU products have seen prices rise by over 40% year-to-date, with monthly increases for certain products exceeding 10%. Earlier, Reuters reported that the delivery cycle for some of Intel’s Xeon server CPUs has extended to up to six months.
27 minutes ago
Binance will suspend trading on July 25 for system upgrades.
According to an official announcement, Binance will support its partner brokers in carrying out a scheduled system upgrade, during which its stock trading service will be suspended from 10:50 to 14:00 UTC on July 25. Users will not be able to submit stock trading orders during the upgrade period. Binance stated that the upgrade is scheduled outside regular U.S. stock trading hours, and the service is expected to automatically resume after the upgrade is completed. The exact resumption time may be earlier or later than the planned window, so users are advised to arrange their relevant trading activities in advance.
27 minutes ago
Yesterday, Bitcoin spot ETFs recorded a net inflow of $69.1 million, while Ethereum spot ETFs saw a net inflow of $72.7 million.
According to data from Farside Investors, U.S. spot Bitcoin ETFs logged a total net inflow of $69.1 million yesterday. BlackRock’s IBIT led with a $38.8 million net inflow, followed by Fidelity’s FBTC at $21.5 million, Bitwise’s BITB at $5.4 million, and MSBT at $3.8 million. Grayscale’s GBTC, however, saw a net outflow of $38.3 million, while all other products had zero net flow. In the same period, U.S. spot Ethereum ETFs posted a total net inflow of $72.7 million: BlackRock’s ETHA took in $53.5 million, Fidelity’s FETH added $19.2 million, and all other products recorded no net flow.
27 minutes ago
The on-chain tokenized GME stock on Robinhood Crypto once traded at a significant premium, as market makers engaged in continuous mint arbitrage.
According to market data, trading activity in GME meme tokens and GME tokenized stocks on Robinhood Crypto has driven a rapid rise in the prices of their underlying liquidity pools. The on-chain price of GME tokenized stocks once traded at a roughly 10x premium over the actual underlying stock price. Given the relevant trading pools hold only around $200,000 in liquidity, heavy buying pressure pushed prices to deviate sharply from the spot level. Currently, mint and burn permissions for GME tokenized stocks are restricted to Authorized Participants (APs) and market makers that have completed Know Your Business (KYB) verification. On-chain data shows the official mint address is continuously issuing additional tokens to inject market liquidity; the latest records indicate new mint transactions occur nearly every minute, aimed at easing the premium and guiding prices back to their fair value.
27 minutes ago
Kazakhstan will incorporate strategic digital mining into the development of its national cryptocurrency reserve, requiring mining firms to surrender a portion of their mining assets.
Kazakhstan’s government has approved the "Implementation Rules for Strategic Digital Mining", allowing eligible enterprises to secure power quotas for up to 10 years at a capped electricity price. In exchange, participating firms must transfer a portion of their mined crypto assets to the Astana Hub Autonomous Cluster Fund, which is managed by the National Investment Company under Kazakhstan’s National Bank to bolster the country’s strategic crypto reserves. Under the new regulations, digital mining operators must submit applications via the E-licensing system, gain approval from a special committee, sign an agreement with Astana Hub within 5 working days, and finalize a power purchase contract with a power generation company to participate in the strategic digital mining program.
Famed investor Jim Cramer has declared Intel INTC a “miracle stock” ahead of the giant’s fiscal Q2 earnings set to be released today (July 23rd) after market close.
In a recent segment of CNBC, the former hedge fund manager also reiterated that INTC remains his favourite pick in the chip sector.
Consensus is for the semiconductor firm to report earnings of $0.22 per share on $14.4 billion in revenue, representing about a 12% year-over-year increase.
Heading into the earnings print, Intel shares are up some 150% versus the start of this year (2026).
This week on “Squawk on the Street”, Cramer praised chief executive Lip-Bu Tan for orchestrating a rapid operational turnaround at Intel, noting industry leaders – including Nvidia’s Jensen Huang – regard him as the best in the business.
The Mad Money host attributed his optimism primarily to Intel Foundry, which has hit several major milestones in 2026, including a manufacturing deal with Fortinet, a high-profile chip partnership with Apple, and commitments from billionaire Elon Musk’s “Terafab” project.
INTC has also become the first semiconductor manufacturer in the world to deploy ASML’s High-NA EUV (0.55 NA) scanner into active high-volume production for key layers on its Panther Lake (Core Ultra Series 3) processor line.
Addressing recent speculation regarding SK Hynix and Intel’s New Albany, Ohio campus, Cramer emphasized that domestic manufacturing capacity remains essential to meet global AI demand.
While previous management viewed scaling the Ohio site as overly aggressive, the famed investor noted that if Tan signals full-steam development in Ohio alongside the Arizona buildout, Intel stock stands to move up significantly.
According to him, Lip-Bu Tan’s standing across Silicon Valley gives investors immense confidence – reiterating that what he “has done at Intel is nothing short of a miracle”.
That said, INTC is currently trading at 154x forward earnings, which makes it an expensive name to own by any stretch of the imagination.
Despite valuation concerns, the derivatives market remains positive about what the future holds for INTC shares.
At the time of writing, the put-to-call ratio on options contracts expiring on July 24th sits at 0.66 – indicating a strong bullish skew.
And the upper price on those contracts is set at nearly $114 currently, signaling potential for a more than 10% rally through the end of this week.
Interestingly, the semiconductor stock’s 20-day moving average (MA) is currently hovering right around the $114 level.
What it means is: if upcoming earnings help it decisively break above $114, the upward momentum could actually sustain or even extend further in the near-term.
Item 1 of 2 An Intel logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
[1/2]An Intel logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesIntel, AMD seek longer China server CPU supply commitmentsAI data-centre boom strains supply beyond GPUs into mainstream processorsChina server CPU prices up more than 40% this year for some productsBEIJING, July 23 (Reuters) - U.S. chipmaking giants Intel (INTC.O), opens new tab and Advanced Micro Devices (AMD.O), opens new tab are signing longer-term purchase commitments with Chinese server customers for data-centre processors as prices surge, two people familiar with the talks said.
The move highlights a broader consequence of the AI boom: demand has spread beyond AI accelerators to memory, networking gear and server processors, giving suppliers greater leverage to seek long-term purchase deals.
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AI data centres require not only Nvidia-style graphics processors (GPUs) but also large numbers of central processing units (CPUs) to support servers, storage, networking and inference workloads.
The agreements under discussion typically lock in purchase volumes but not prices, the people said. Most cover about a year of supply, although Intel and AMD have discussed commitments of two years or longer from some customers, one of the people said.
The shift echoes trends in the memory-chip market, opens new tab, where the AI-driven shortage has pushed buyers toward longer-term supply commitments.
The sources declined to be identified because they were not authorised to speak to the media. Intel and AMD did not respond to requests for comment.
The talks mark a shift for server CPUs, which have been easier to obtain than AI accelerators or memory chips.
Tighter CPU supply could raise costs and slow deployment for Chinese cloud providers and internet companies expanding AI services.
Server CPU prices are still climbing in China, with month-on-month increases topping 10% for some products, one of the sources said. Prices of some CPU products have risen more than 40% in China since the start of the year, the source added.
Reuters reported earlier this year that Intel and AMD had notified Chinese customers of lengthy waits for server CPUs, with Intel lead times reaching as long as six months for some products.
The CPU shortage will be among the key topics likely to be addressed on Thursday when Intel reports its quarterly results.
CEO Lip-Bu Tan told analysts in April that demand "continues to run ahead of supply," especially for Xeon server CPUs. He also cited a multi-year deal with Google as one of several long-term contracts Intel signed in the first quarter.
AMD, due to report in early August, already raised its server CPU market forecast to more than $120 billion by 2030, citing strong demand related to agentic AI workloads.
China is one of the world's largest server markets, fuelled by rapid construction of data centre racks, AI computing clusters and national computing infrastructure.
The buildout has intensified competition for Intel and AMD processors, even as Chinese buyers face separate U.S. restrictions on access to the most advanced AI GPUs.
Editing by Miyoung Kim and Kim Coghill
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Eduardo Baptista is a Senior Correspondent for Reuters based in Beijing, covering China’s technology, space, and automotive industries. He has led enterprise and investigative reporting on China’s military-linked companies, artificial intelligence and semiconductor supply chains, as well as macroeconomic and industrial policy. Baptista has reported from China for nearly a decade and holds a BA in History from the University of Cambridge.
AXP Energy Limited (AUNXF) Shareholder/Analyst Call July 22, 2026 9:00 PM EDT
Company Participants
Daniel Lanskey - CEO, MD & Non-Executive Director
Conference Call Participants
Alex Paull
Presentation
Alex Paull
Good morning, everyone, and welcome to today's webinar. My name is Alex Paull from Investor Stream, and I'll be your host this morning. Today, we have AXP Energy Managing Director, Dan Lanskey, who will provide an update on the Transformational Farm into Block 9 Onshore Syria, announced to the market on June 15 as well as providing an update on ongoing operations at the Charlie #1 well located on the 100% owned Edwards lease in Oklahoma and the broader field development strategy.
Following the briefing, Dan will address any questions you may have. We'll attempt to get through as many questions as time permits. Please feel free to send in your questions via the Zoom platform or also e-mail them to me at [email protected]. Many of you have already taken the opportunity to submit questions ahead of time, which is greatly appreciated. Finally, a copy of the webinar will also be available on AXP's social media platforms later today.
But for now, I'd like to throw it over to Dan to kick things off for us. Dan, the floor is yours.
Daniel Lanskey
CEO, MD & Non-Executive Director
Thank you, Alex, and thank you, everyone, for joining us today. AXP Energy is entering an important period of growth, combining a near-term low-cost development drilling program in Oklahoma with a potentially transformational farming opportunity in Syria Block 9. The Oklahoma portfolio is designed to deliver repeatable production and cash flow, while Block 9 provides exposure to 2 mature high-impact drilling prospects within a substantial 10,039 square kilometer onshore position. This presentation outlines the opportunity, the work program and the key catalysts that we believe can materially reshape AXP Energy
Gold (XAU/USD) holds above the $4,100 mark during the Asian session on Thursday and, for now, seems to have stalled the previous day's modest pullback from an over two-week high. Crude oil prices climb to a fresh high since June 11 amid a further escalation of tensions between the US and Iran, fueling inflation fears and bolstering US Federal Reserve (Fed) interest rate hike expectations. This, in turn, lifts US Treasury bond yields to a multi-month high and is seen as a key factor acting as a headwind for the non-yielding bullion.
The US and Iran traded strikes for a 12th night in a row, while Yemen's Iran-aligned Houthis opened a new front in the war and declared a blockade on a key Red Sea shipping route that facilitates about 7% of the world’s oil supply. This comes on top of a significant fall in shipping traffic through the Strait of Hormuz and exacerbates supply disruption concerns, assisting crude oil to prolong its month-to-date uptrend. Investors remain worried that rising energy prices would rekindle inflationary pressure and force central banks to adopt a more hawkish stance.
According to the CME Group's FedWatch Tool, traders are currently pricing in over a 90% chance that the Fed will hike interest rates by the end of this year. The outlook remains supportive of elevated US bond yields, with the benchmark 10-year Treasury bond yield holding firm near a two-month high. However, some follow-through US Dollar (USD) weakness lends some support to the Gold price and helps limit the downside. This makes it prudent to wait for strong follow-through selling before confirming that a one-week-old uptrend has run out of steam.
Analysts at Deutsche Bank highlight that the rates move was accompanied by a notable shift in policy expectations, with investors now "priced in a more hawkish path for the Fed, with 34bps of hikes now priced in by the December meeting, up +2.3bps on the day." They note that this repricing has helped reinforce the recent rise in US real yields and the broader selloff across the Treasury curve.
Traders now look forward to the release of the usual Weekly Initial Jobless Claims data from the US for some impetus during the early North American session. Furthermore, the highly-anticipated European Central Bank (ECB) meeting could infuse some volatility in financial markets. Apart from this, further developments surrounding the Middle East crisis should contribute to producing short-term trading opportunities around Gold.
XAU/USD 4-hour chart
Gold needs to surpass $4,155-$4,165 confluence to back the case for additional gainsThe XAU/USD pair stalled a one-week-old uptrend near the $4,155-$4,165 confluence – comprising the 200-period Exponential Moving Average (EM) on the 4-hour chart and the 23.6% Fibonacci retracement level of the April-June downfall. The said area should now act as a key pivotal point for short-term traders amid constructive momentum indicators. The Relative Strength Index (RSI) hovers near 63, and the Moving Average Convergence Divergence (MACD) stays positive, hinting that buyers retain some control but are constrained by overhead supply.
This, in turn, suggests that the precious metal would first need to clear the aforementioned clustered resistance to back the case for any further appreciation. A sustained break above this would open the way towards 23.6% Fibo. retracement at $4,164.97 and the denser barrier near the 38.2% retracement at $4,303.59. On the downside, the primary structural floor is the Fibo. anchor at $3,940.90, where a deeper pullback could find demand and attempt to rebuild a more stable base for Gold.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar.
USDEURGBPJPYCADAUDNZDCHFUSD-0.15%-0.12%-0.07%-0.17%-0.29%-0.04%-0.13%EUR0.15%0.04%0.09%-0.03%-0.14%0.12%0.01%GBP0.12%-0.04%0.07%-0.08%-0.19%0.08%-0.03%JPY0.07%-0.09%-0.07%-0.12%-0.23%0.01%-0.08%CAD0.17%0.03%0.08%0.12%-0.12%0.14%0.02%AUD0.29%0.14%0.19%0.23%0.12%0.27%0.17%NZD0.04%-0.12%-0.08%-0.01%-0.14%-0.27%-0.12%CHF0.13%-0.01%0.03%0.08%-0.02%-0.17%0.12% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
The Dollar Index seems to be reacting less to rising crude and has chosen to remain stable around 101, which has led to strength in the Euro above 1.14. Yen to 162.66, Aussie above 0.70, and EURJPY above 186. However, we may expect the Dollar Index to test 100.70 before bouncing back towards 102 in the medium term, indicating that the above-mentioned strength in the currencies may be short-lived. EURINR looks bullish towards 110.50-111 while USDCNY can trade within 6.75-6.7850 for some time. Pound can test 1.33 while below 1.3550. USDINR has risen to close above 96.50 yesterday, which reduces chances of a fall to 96-95.85 and reinforces upside targets of 96.75-97.00. ECB policy meeting is due today, where markets expect the rates to be kept unchanged.
The US Treasury and the German Yields sustain higher. Both remain bullish and have room to rise more from here. The ECB meeting outcome today will need a close watch. The 10Yr GoI has risen back again. That still keeps alive the chances of seeing some more rise from here before the broader downtrend resumes.
Dow and DAX are likely to remain within the 52000-53000 and 24700-25500 ranges respectively. Nifty has turned weak after slipping below 24000 and needs to reclaim this level to revive the bullish outlook towards 24400; otherwise, it could decline towards 23800-23750. Nikkei has pulled back from key resistance and can fall further towards 65000-64000. Shanghai remains firm and can rise gradually towards 3900-3925.
Crude prices remain strong, amid escalating geopolitical tensions. Brent and WTI can extend their rally towards $95 and $100 respectively. Gold is likely to remain within the broad $4000-$4200 range while below $4200. Silver can continue to trade within the $55-$65 range. Copper remains bullish despite the recent correction and can rise further towards $6.60-$6.70. Natural Gas has recovered and is likely to trade within the $2.80-$3.00 range for some time.
Visit KSHITIJ official site to download the full analysis
VeriSign, Inc. (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, today announced that.web has been deleg
New York, New York--(Newsfile Corp. - July 22, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Class A or Class C common stock of Zillow Group, Inc. (NASDAQ: ZG) (NASDAQ: Z) between February 11, 2025 and May 7, 2026, both dates inclusive (the "Class Period"), of the important August 10, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.
SO WHAT: If you purchased Zillow common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 10, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Zillow's agreement with Redfin Corporation was not a "partnership," but rather an acquisition of Redfin's business; (2) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; (3) upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure; and (4) as a result, defendants' statements about Zillow's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Zillow class action, go to https://rosenlegal.com/cases/zillow-group-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306211
Source: The Rosen Law Firm PA
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If you own a Roth IRA, you own the same tax shelter Peter Thiel used to turn $2,000 into roughly $5 billion. This is the exact same account type, governed by the exact same tax code, sitting in millions of ordinary brokerage logins right now. The buried feature: a Roth IRA can hold far more than index funds. It can hold private startup shares, LLC interests, real estate, and other alternative assets, and every dollar of growth comes out tax-free after age 59½.
The Loophole Hiding in Your Retirement Account Thiel’s trick, first exposed by ProPublica in June 2021 using leaked IRS files, was not exotic. In 1999 he opened a Roth, funded it with about $2,000, and used that cash to buy founders shares of PayPal (NASDAQ:PYPL | PYPL Price Prediction) at fractions of a penny each. When PayPal exploded, the gains landed inside the Roth. Tax-free. He later repeated the move with Palantir (NASDAQ:PLTR) and Meta Platforms (NASDAQ:META) stakes. As long as he waits until April 2027, six months before his 60th birthday, he pays zero federal tax on the withdrawal.
The vehicle that made this legal is the self-directed Roth IRA. A regular Roth at Fidelity or Charles Schwab (NYSE:SCHW) limits you to publicly traded securities. A self-directed Roth, held at a specialty custodian, lets you invest the account in almost anything the tax code does not explicitly forbid.
The Statute That Makes It Real Roth IRAs were created by the Taxpayer Relief Act of 1997 and codified at Internal Revenue Code Section 408A. Nothing in 408A restricts holdings to stocks and bonds. The only forbidden assets under IRC Section 408(m) are life insurance and most collectibles. Private company stock, LLC units, private credit, and real estate are all allowed. The IRS confirms this directly in Publication 590-A.
Who Actually Qualifies To contribute directly in 2026, your modified adjusted gross income has to sit under $153,000 if you file single or $242,000 if married filing jointly. The annual contribution cap is $7,500, or $8,600 if you are 50 or older (the $1,100 catch-up). Earn above the phase-out and you are shut out of direct contributions, though the backdoor Roth conversion remains open at any income level. You need earned income at least equal to what you contribute.
How to Actually Do This Open a self-directed Roth IRA with a custodian that handles alternative assets (Equity Trust, IRA Financial, Rocket Dollar, and Alto are the largest names). A standard brokerage Roth will not work. Fund the account with your 2026 contribution of up to $7,500 (or $8,600 at age 50+), or roll in an existing IRA balance. Direct the custodian to buy the private asset, whether that is founder shares in a startup you have no active role in, an LLC interest, or a rental property. The custodian, not you, must take title. Let the position grow inside the account. Dividends, interest, and capital gains all compound tax-free. Wait until you are 59½ and the account has been open at least five tax years. Withdraw. Owe nothing. The Trap That Ends the Party Here is the fine print that took down countless would-be Thiels. Internal Revenue Code Section 4975 bans “prohibited transactions” between your IRA and any “disqualified person,” which includes you, your spouse, your parents, your children, and any company you already control. You cannot sell your own startup shares to your Roth. You cannot have the Roth invest in a business where you draw a salary. You cannot pay yourself for managing a Roth-owned rental. Trip this wire and the entire account is deemed distributed on January 1 of that year, triggering ordinary income tax on the full balance plus a 10% penalty if you are under 59½. The Tax Court has enforced this ruthlessly.
Two more traps: shares purchased inside the Roth must be valued at fair market value at the time of purchase (a sweetheart penny-per-share price on stock already worth $10 invites an IRS audit), and the five-year holding rule applies separately to each Roth conversion. Congress has floated caps on mega-Roths repeatedly since the ProPublica story broke, most recently in the failed Build Back Better bill. As of July 2026, no cap has passed. The door is still open. Your account already has the key.
Contact [email protected] for any questions or corrections.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Roblox Corporation (NYSE: RBLX) between October 30, 2025 and April 30, 2026, inclusive (the “Class Period”), of the important August 7, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Roblox common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Roblox class action, go to https://rosenlegal.com/cases/roblox-corporation-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 7, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Roblox’s organic growth potential; notably, that Roblox would see a significant slowdown in its growth rates as enrollment in the age verification rollout would quickly taper, compounding the resulting slowdown in on-platform communication, resulting in app store rating reductions and a swift reduction in organic growth. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Roblox class action, go to https://rosenlegal.com/cases/roblox-corporation-2026/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
Crown Castle Inc. (CCI) Q2 2026 Earnings Call July 22, 2026 5:00 PM EDT
Company Participants
Hamilton West - VP of Corporate Finance and Treasurer
Christian Hillabrant - CEO, President & Director
Sunit Patel - Executive VP & CFO
Conference Call Participants
Michael Rollins - Citigroup Inc., Research Division
Michael Ng - Goldman Sachs Group, Inc., Research Division
Ric Prentiss - Raymond James & Associates, Inc., Research Division
Michael Funk - BofA Securities, Research Division
Cameron McVeigh - Morgan Stanley, Research Division
Jonathan Atkin - RBC Capital Markets, Research Division
Richard Choe - JPMorgan Chase & Co, Research Division
Nicholas Del Deo - MoffettNathanson LLC
Eric Luebchow - Wells Fargo Securities, LLC, Research Division
Aryeh Klein - BMO Capital Markets Equity Research
Madison Rezaei - Bernstein Institutional Services LLC, Research Division
Matthew Niknam - Truist Securities, Inc., Research Division
Brendan Lynch - Barclays Bank PLC, Research Division
Batya Levi - UBS Investment Bank, Research Division
David Barden - New Street Research LLP
Presentation
Operator
Good day, and welcome to the Q2 2026 Crown Castle Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Hamilton West, Vice President of Corporate Finance and Treasurer. Please go ahead.
Hamilton West
VP of Corporate Finance and Treasurer
Thank you, Nick, and good afternoon, everyone. Thank you for joining us today as we discuss our second quarter 2026 results. With me on the call this afternoon are Chris Hillabrant, Crown Castle's President and Chief Executive Officer; and Sunit Patel, Crown Castle's Chief Financial Officer. To aid the discussion, we have posted supplemental materials in the Investors section of our website at crowncastle.com that will be referenced throughout the call.
This conference call will contain forward-looking statements, which are subject to certain risks, uncertainties and assumptions, and actual results may vary materially from those expected. Information about potential factors which could
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Zoetis Inc. (NYSE: ZTS) between January 14, 2025 and May 6, 2026, inclusive (the “Class Period”), of the important July 27, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Zoetis securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Zoetis class action, go to https://rosenlegal.com/cases/zoetis-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 27, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and touted growing market share, strong veterinarian adoption, and accelerating sales growth across Zoetis’ flagship Companion Animal products and/or failed to disclose that: (1) veterinarian prescription growth and adoption of Zoetis’ Librela, a canine pain treatment, were sharply weakening as clinicians became more cautious following FDA safety warnings concerning serious neurological complications in dogs; (2) Zoetis’ Simparica Trio was losing significant market share to a lower priced competing canine parasiticide with broader indicated use in a slowing overall market; and (3) Zoetis’ dermatology products, Apoquel and Cytopoint, were losing substantial market share to a newly launched competing canine treatment. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Zoetis class action, go to https://rosenlegal.com/cases/zoetis-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
New York, New York--(Newsfile Corp. - July 22, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Zoetis Inc. (NYSE: ZTS) between January 14, 2025 and May 6, 2026, inclusive (the "Class Period"), of the important July 27, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Zoetis securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Zoetis class action, go to https://rosenlegal.com/cases/zoetis-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 27, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and touted growing market share, strong veterinarian adoption, and accelerating sales growth across Zoetis' flagship Companion Animal products and/or failed to disclose that: (1) veterinarian prescription growth and adoption of Zoetis' Librela, a canine pain treatment, were sharply weakening as clinicians became more cautious following FDA safety warnings concerning serious neurological complications in dogs; (2) Zoetis' Simparica Trio was losing significant market share to a lower priced competing canine parasiticide with broader indicated use in a slowing overall market; and (3) Zoetis' dermatology products, Apoquel and Cytopoint, were losing substantial market share to a newly launched competing canine treatment. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Zoetis class action, go to https://rosenlegal.com/cases/zoetis-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306210
Source: The Rosen Law Firm PA
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
In markets, the bigger they arrive, the harder they fall. SpaceX (NASDAQ:SPCX | SPCX Price Prediction) has already shed a staggering amount of paper wealth since its post-IPO peak, with Hedgeye estimating a market value decay of roughly $47 billion per day from the top, almost 22 times the fate of Rivian Auto (Nasdaq: RIVN). Yet the setup for August looks even uglier than the stock action we just lived through.
The stock closed at $115.26 on July 22, down about 25% in a single month and 6.7% on the most recent trading day alone. I think that’s just the beginning.
The Bull Case I Understand but Reject The bull case is not short on ammunition. SpaceX launches more than 80% of the world’s payload mass to orbit each year, operates roughly 9,600 Starlink satellites across 164 countries, and now carries another AI-adjacent dimension with xAI pulled deeper into the broader Musk ecosystem.
Why I’m Betting Against SPCX The lockup cliff is the real story. Management set August 4 as its first earnings report, which would trigger a major lockup expiration. Reddit’s most-upvoted SPCX thread this month, with 1,309 upvotes, put the concern bluntly: “SPCX first major unlock is bigger than the entire IPO float.” Every insider on the roster, from Elon Musk to SpaceX president Gwynne Shotwell to CFO Bret Johnsen, last transacted on June 11, 2026. That puts a major supply event directly in front of the stock.
Options traders are already positioned. The November expiration carries a put/call ratio of 3.03, and March 2027 sits at an eye-watering 16.13. Polymarket assigned a 96.5% probability to SPCX finishing down on July 22, which it did, and only a 20% chance of closing above $130 by month-end.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and SpaceX didn't make the cut. Grab the names FREE today.
The moat narrative is taking water. Reddit sentiment collapsed to a Very Bearish score of 12 after competition heated up. Japan landed a reusable rocket prototype, with one widely shared post lamenting: “Had SPCX in my watchlist at $180 with competition is years away as the core thesis then Japan landed a rocket this weekend.”
Catalysts and the Bottom Line Investors will be watching August 4, but the print may not be the main event. Earnings could matter less than the wave of newly tradable shares hitting a market that just absorbed a 9.22% weekly drop on a constrained float. I would reconsider only if insiders publicly extend the lockup or if Starship delivers a decisive commercial breakthrough before the earnings report.
My conviction is high. The combination of incoming supply, bearish options skew, and eroding sentiment does not set up well for a near-term bounce. Legacy aerospace and satellite operators offer cleaner floats and lower expectations by comparison.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and SpaceX didn't make the cut. Grab the names FREE today.
Hedera Hashgraph’s native token HBAR is trading at $0.06981 as the network tests a key resistance level that could trigger a bullish breakout if buying pressure continues. Over the past 24 hours, HBAR has risen 3.78%, reaching a market capitalization of $3.05 billion and recording a trading volume of $68.6 million.
Resistance test fuels bullish expectationsTechnical analysis from ZAYK Charts shows that HBAR is currently approaching a crucial resistance trendline that has previously capped rallies. This level is seen as decisive for determining the short-term direction of the token.
Analysts suggest that should HBAR decisively move above this resistance, renewed bullish momentum could result in further gains. A clear breakout could pave the way for a targeted move toward $0.84, representing potential upside of 20% to 30% from recent levels.
Traders are monitoring whether sustained buying activity can propel HBAR beyond this trendline, which would validate the bullish scenario and attract additional investor interest.
Market participants state that rising trading volumes and positive sentiment are crucial at this stage. The ability to maintain higher volumes would likely signal renewed confidence in HBAR’s outlook as it seeks to confirm a breakout.
MetricCurrent ValueHBAR Price$0.06981Market Cap$3.05 billion24h Trading Volume$68.6 millionPotential Upside Target$0.84Network developments support growthHedera is reinforcing its blockchain ecosystem by integrating features such as rapid transaction finalization, predictably low fees, and high throughput. The network’s full compatibility with the Ethereum Virtual Machine (EVM) allows developers to implement and execute smart contracts using standard Ethereum-based tools like Solidity.
The Hedera Smart Contract Service enables existing Ethereum projects to port their applications to Hedera without significant changes in workflows, making blockchain migration more seamless for developers and enterprises.
This broader compatibility is seen as a catalyst for decentralized finance (DeFi), enterprise solutions, and Web3 applications, as projects are able to leverage Hedera’s high-performance infrastructure while maintaining development familiarity.
Mini dictionary: Hedera is a public distributed ledger platform designed to offer fast, fair, and secure applications through its proprietary Hashgraph consensus algorithm. EVM, or Ethereum Virtual Machine, is a computation engine that enables smart contract execution on blockchains compatible with Ethereum’s architecture.
Market outlook and whale accumulationRising optimism around HBAR’s technical setup follows recent positive momentum in the broader crypto market, with Bitcoin also showing upward movement. Analysts point to an increase in whale accumulation as another bullish factor supporting Hedera’s current trajectory.
A successful breakout above resistance could accelerate investor inflows as confidence builds, especially among Ethereum developers who can now leverage Hedera’s infrastructure.
With HBAR positioned at a major technical juncture and the network offering full EVM compatibility, developers are increasingly able to create DeFi, enterprise, and Web3 projects on Hedera using existing Ethereum processes.
If current trade volume remains strong and the resistance level is surpassed, analysts anticipate potential for a sustained upward movement, which could signal a broader bullish phase for both HBAR and the network’s ecosystem.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin (BTC) edges below $66,000 on Thursday, extending the previous day's losses. Hedera (HBAR) and Lido DAO (LDO) sustain bullish momentum, testing the breakout of a crucial resistance zone to extend their rally.
CoinMarketCap’s Fear and Greed Index at 39 stalls below the neutral territory, indicating that sellers remain dominant.
Fear and Greed Index. Source: CoinMarketCapBitcoin could retest its 50-day EMABitcoin is edging lower toward the 50-day Exponential Moving Average (EMA) at $65,167, but maintains a constructive near-term tone. From a technical perspective, BTC remains capped below the key resistance level at $67,516. A decisive close above this could reinstate a recovery toward the 200-day EMA at $74,214.
Momentum indicators support this bias, with the Relative Strength Index (RSI) at 58 holding a broadly upward trend and the Moving Average Convergence Divergence (MACD) and its signal line staying above zero, suggesting ongoing bullish pressure rather than exhaustion.
BTC/USDT daily price chart.On the downside, initial support is located at the 50-day EMA at $65,167, and holding above this moving average would keep the broader bullish bias intact. However, a sustained break below it would expose a deeper corrective phase toward $60,000.
Hedera and Lido DAO face headwindsHedera shows early signs of bullish bias in the near term as price tests the 50-day EMA at $0.0745, which sits well below the 200-day EMA at $0.0958. A breakout of the 50-day EMA at $0.0745 could extend the rally toward the R1 Pivot level at $0.0888.
Despite this capped structure, momentum has improved: the RSI has firmed to around 56, while the MACD and signal line rise with the histogram expanding, suggesting that downside pressure is easing.
HBAR/USDT daily price chart.Looking down, the S1 Pivot level at $0.0593 emerges as the next crucial support level if price reverts from the 50-day EMA.
Lido DAO hovers below $0.4000 at press time on Thursday, extending a bullish recovery above the 50-day EMA at $0.3188. Price is now pressing into the lower edge of a broader resistance area, with the 200-day EMA at $0.4095 capping the advance ahead of the 78.6% retracement from $0.4700 to $0.2341 at $0.4195.
A sustained breakout above the 200-day EMA at $0.4095 could extend the rally toward the previous swing high at $0.4700, followed by the $0.5000 psychological threshold.
The RSI is near 75, in overbought territory, and a positive MACD and signal line suggest strong upside momentum that is increasingly stretched.
LDO/USDT daily price chart.On the downside, immediate support is located at the prior breakout zone around the 50% Fibonacci retracement at $0.3317, followed by the 50-day EMA at $0.3188.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Balance Coin, an algorithmic stablecoin designed to maintain a fixed value of $1, plummeted by approximately 99% on Wednesday after a major security breach. The attack resulted in the loss of $912,000 from the project’s treasury, wiping out nearly its entire $3.5 million nominal value.
Algorithmic stablecoin loses peg after exploitBalance Coin (BLC) is a stablecoin built on an algorithmic model and aimed at consistently trading close to the US dollar. Before the incident, BLC was trading at around $0.9954. However, by early Wednesday, its price had plunged to between $0.0014 and $0.0025, according to several tracking services.
This sharp decline followed a targeted exploit that manipulated the project’s BTCB price oracle. By late Wednesday, BLC had lost nearly all of its market value.
Security flaw exploited via distorted oracleThe Balance Protocol operates a lending and minting system reminiscent of MakerDAO, allowing users to lock up assets such as Bitcoin Cash (BCH), Binance-pegged Bitcoin (BTCB), and USDT in order to mint new BLC tokens. When collateral falls below a required threshold, the protocol automatically liquidates the position and sells the collateral.
SlowMist, a blockchain security firm, traced the exploit to the protocol’s Median Oracle, which supplies BTCB price data. The attacker set an abnormally low price for BTCB using the Spotter contract’s ‘poke’ function, then triggered liquidations through the Dog module. SlowMist noted the Spotter module lacked safeguards such as a time-weighted average price, deviation bounds checking, or a liquidation delay.
SlowMist observed that the protocol’s absence of critical security features allowed an attacker to liquidate secure vaults by submitting a manipulated price, collecting the collateral in a single transaction.
Without these protections, the system quickly became vulnerable, making previously safe vaults suddenly appear insolvent and allowing the thief to claim the locked assets.
Mini dictionary: Oracle, a mechanism that provides external data (such as asset prices) to smart contracts, playing a crucial role in decentralized finance platforms’ operations.
Attacker mints tokens and converts to real assetsThe exploitation did not stop with liquidations. Using a compromised GemJoin contract, the attacker minted around 4.5 million BLC tokens from a null address and promptly swapped them on PancakeSwap V2 for BSC-USD and BTCB, turning freshly created BLC into tangible cryptocurrencies.
A second similar transaction occurred two hours later, minting an additional 5,900 BLC. The sudden influx of unbacked tokens disrupted BLC’s peg in real time, as the mechanism intended to hold its dollar value was turned against the system itself.
Mini dictionary: PancakeSwap, a decentralized exchange protocol on the BNB Chain that allows swapping of BEP-20 tokens without intermediaries.
Security audit limitations and repeated BNB Chain attacks42DAO, the team behind Balance Coin, had previously relied on a CertiK audit of its minting contract as a symbol of security. CertiK is a well-known blockchain security auditor. However, these audits generally focus on bugs such as coding or access control issues, and often treat oracle-price feeds as trusted inputs, overlooking the risk of manipulated data feeds.
Despite Oracle manipulation being highlighted by OWASP’s 2026 Smart Contract Top 10, such attacks typically fall outside standard audit scopes. Balance Coin’s system lacked a time-weighted average price feed, deviation bounds checking, and did not implement a liquidation delay similar to the one-hour Oracle Safety Module used by MakerDAO.
While the system underwent a legitimate audit, its lack of key security measures made it vulnerable to manipulation through the price oracle, which was not considered within the standard audit’s scope.
Security FeatureImplemented by Balance CoinImplemented by MakerDAOTime-weighted average price feedNoYesDeviation bounds checkingNoYesLiquidation delay (Oracle Safety Module)NoYes (1 hour)The Balance Coin incident is the third significant DeFi exploit on BNB Chain in the past two months. In late May, around $7.3 million was stolen from DxScale’s legacy liquidity lockers, and in early June, TesseraDAO suffered a $2.5 million loss due to an admin-key compromise. In all three incidents, affected teams remained silent following the attacks.
Recent analyst commentary points out that attackers are increasingly targeting vulnerabilities in governance structures and data oracles, rather than searching for coding bugs.
Growing instability in algorithmic stablecoins has become more evident after prominent failures including the collapse of Terra’s UST in 2022, as well as repeated depegs affecting Ethena’s USDe and Abracadabra’s MIM.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Aave v4 has officially entered the big leagues, hitting a new milestone with $300 million in deposits across Ethereum and Avalanche as of mid-July 2026. This surge underscores the protocol’s accelerating adoption and market appeal in a competitive DeFi landscape.
The Details For those keeping score at home, the $300 million in deposits is complemented by $100 million in active loans, demonstrating robust user engagement and capital flow. This deposit base has ballooned by 50% over the past month alone—a clear indication that the rollout strategy following Aave v4’s Ethereum launch is paying off.
After initially setting up shop on Ethereum’s mainnet on March 30, 2026, Aave expanded its reach by crossing over to Avalanche on July 15, 2026. The protocol’s move into Avalanche territory marks a deliberate effort to tap into a broader DeFi ecosystem, aligning with Aave’s longstanding multi-chain strategy.
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Background Aave, originally known for pioneering decentralized finance lending, has been on a relentless path of innovation. The v4 upgrade isn’t merely an incremental change; it’s a reimagining of what a lending protocol can be. With features like the Reinvestment Module and hub-and-spoke architecture, this latest version aims to enhance capital efficiency and user experience.
This commitment to innovation is embodied in the activity seen beyond financial metrics. Developer engagement, a key indicator of a protocol’s health, has surged. From May to July 2026, the number of core developers grew from around 10 to 15, mirroring the uptick in GitHub output and pointing to an increasingly vibrant development community.
What This Means for Investors For investors with a keen eye on DeFi, Aave v4’s performance could signify larger shifts underway. The nearly 8% rise in the AAVE token price, from $88 to $96, post-announcement, suggests market participants are buying into the platform’s promise. It signals a vote of confidence in Aave’s capability to not only advance technologically but also sustain momentum in the DeFi space.
Moreover, Aave is doubling down on its multi-chain integration strategy. This move could attract projects focused on tokenized real-world assets, a burgeoning aspect of the DeFi arena that could lead to an influx of liquidity. Given the current trajectory, Aave might soon find itself at the epicenter of transformative developments in decentralized finance.
As Aave continues to harness its robust feature set and attract developer talent, traders should keep a close watch on its developments. The platform’s trajectory could lead to increased transaction volumes and smart contract deployments, translating into impactful market trends and investment opportunities.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Warren Buffett has donated over $47 billion worth of Berkshire Hathaway (BRKA -0.11%) (BRKB -0.10%) stock to the Gates Foundation since 2006, but he's decided to cut ties with the foundation this year. The decision came following Buffett's review of the Epstein files, which revealed Bill Gates had associated with the sex offender. That said, Buffett says he remains in contact with Gates, with whom he's been friends for 35 years.
Despite Buffett's decision to suspend his annual donation to the Gates Foundation, his influence is extremely evident in the nonprofit's trust portfolio. Its top four holdings, which account for approximately 79% of the trust's $34 billion stock portfolio based on its most recent disclosures, are exactly the kinds of stocks Buffett would buy and hold for decades.
Image source: The Motley Fool.
Berkshire Hathaway remains the largest holding in the Gates Foundation's equity portfolio, according to the most recent portfolio disclosure at the end of the first quarter. While the foundation is required to deploy the full value of Buffett's annual donation, plus 5% of its other assets, the portfolio managers have kept a large number of shares, selling only a small portion each quarter.
Whether the portfolio managers adjust their plans following Buffett's decision to stop his donations remains to be seen. The stock hasn't kept pace with the rest of the market since Buffett announced his resignation as CEO, with Greg Abel to replace him starting in 2026. But Berkshire is no stranger to divergent performance. Value stocks typically outperform in periods of volatility and downward pressure on stocks.
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Greg Abel's Berkshire is certainly well-positioned to weather a market pullback better than most companies. It maintained a massive cash position of about $380 billion that it could deploy into new investments or to buy back its own shares as of the end of the first quarter. And while Abel's made several multibillion-dollar purchases since taking over as CEO, they've yet to truly move the needle for Berkshire. (Give it time.)
Buffett's influence is no doubt found within Berkshire, but the other top holdings also show his impact on Gates' investment style.
Two industrial giants at the top of the foundation's portfolio Two of the next-largest positions in the portfolio are WM (WM +1.52%), formerly known as Waste Management, and Caterpillar (CAT -0.07%). The two companies are the kinds of boring businesses Buffett would buy.
WM is the largest waste hauler in the United States. That position is cemented by its landfill portfolio, which is practically impossible to replicate due to regulatory restrictions.
As a result, WM provides key facilities for smaller competitors while benefiting from vertical integration. Its core waste-hauling business delivers an excellent operating margin, enabling it to expand horizontally into new businesses. Most recently, it acquired Stericycle, rebranding it as WM Healthcare Solutions to expand the business.
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Caterpillar makes the iconic yellow construction and mining equipment found on worksites for decades. The company has recently seen earnings boom amid massive spending from hyperscalers for AI data center build-outs. Management has moved to capitalize on that trend in the long term by focusing on recurring services for its equipment, which could help reduce the cyclicality of large-scale infrastructure projects. The excitement over the current earnings cycle has pushed the stock price significantly higher over the last few quarters, making it a much larger portion of the Gates Foundation portfolio.
A railroad business One of Buffett's biggest investments ever was the purchase of Burlington Northern Santa Fe. The railroad business is one Buffett understands, with its clear returns on capital. The Gates Foundation holds a stake in its competitor, Canadian National Railway (CNI +0.57%), Canada's largest railway. The current investment is worth about $6.6 billion.
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The railroad industry, Canadian National in particular, is very attractive for several reasons. First, there's a high barrier to entry. Laying down or acquiring track is very capital-intensive. Canadian National has a tri-coastal network that spans East to West in Canada and runs South through the Midwest United States to the Gulf of Mexico.
The railroads also benefit from economies of scale, which have been amplified by industrywide consolidation. Trains with more cars don't cost much more to run. Moreover, the industry is more recession-resistant than trucking and other freight-hauling modes.
Canadian National is executing well on its goal of reducing capital expenditures to boost free cash flow and returning that cash to shareholders. The market has recently pushed the stock price higher, but when it traded at an enterprise value-to-EBITDA (earnings before interest, taxes, depreciation, and amortization) ratio closer to 12 at the start of the year, Buffett would surely approve of management's activity to buy back shares at an attractive price.
U.S. spot Solana ETFs recorded $5.83 million in net inflows on July 21, marking their highest daily inflows in 14 days. Bitwise’s Solana Staking ETF ($BSOL) accounted for all $5.83 million in net inflows during the session, while the other U.S. spot Solana ETFs recorded no net flows.
The latest figures extend a July recovery after Solana ETFs posted their first negative month in June. The funds recorded $786,580 in net outflows that month, ending their previous run of positive monthly flows.
July has reversed that trend so far. U.S. spot Solana ETFs have attracted $13.07 million in net inflows so far this month, bringing cumulative historical net inflows to $1.146 billion.
Grayscale Plans Regular Cash Payouts From SOL Staking Rewards Grayscale is also preparing to change how investors receive staking rewards from its Solana and Ethereum exchange-traded products. In Form 8-K filings with the U.S. Securities and Exchange Commission, Grayscale said it plans to amend the trust agreements governing the Grayscale Solana Staking ETF ($GSOL) and Grayscale Ethereum Staking ETF ($ETHE) around August 7.
Under the proposed framework, each trust would convert staking rewards into cash at least quarterly and distribute the net proceeds to shareholders. This structure would give traditional investors access to staking yield without requiring them to hold crypto directly, select validators, or manage staking operations.
Grayscale cautioned that payout amounts will vary based on staking rewards, network conditions, assets staked, and trust expenses. The trusts may also deduct certain costs, including portions of staking rewards paid to the sponsor for facilitating staking activities.
Grayscale enabled staking for its $ETH and $SOL products on October 6, 2025, becoming the first U.S. crypto fund issuer to add staking to spot crypto ETPs. It made its first $ETHE staking distribution on January 5, paying approximately $0.08 per share.
As of July 21, $GSOL reports gross staking rewards of 6.10%, compared with 2.69% for $ETHE. $GSOL currently holds $102.2 million in net assets, while ETHE held $1.22 billion.
Grayscale said the amendments aim to maintain compliance with IRS rules that allow the funds to earn staking rewards without losing their current tax treatment. It has given shareholders 20 days’ notice and plans to provide additional details after the changes take effect.
T. Rowe Price Adds $SOL to Active Multi-Token ETF Institutional access to Solana is also expanding beyond single-asset ETFs. T. Rowe Price, which manages $1.89 trillion in assets, launched the T. Rowe Price Active Crypto ETF ($TKNZ) on NYSE Arca on July 16. The firm describes $TKNZ as the industry’s first actively managed multi-token spot exchange-traded product.
The fund can invest across an eligible universe that includes Bitcoin, Ethereum, $BNB, $XRP, Solana, Hyperliquid, and other crypto assets. Unlike single-token or passively managed products, $TKNZ uses active management to adjust exposure around market trends, momentum, and rotations between crypto assets.
$TKNZ carries a 0.75% management fee after a fee waiver effective through May 31, 2027.The launch expands T. Rowe Price’s active exchange-traded lineup to 34 products and marks its first offering focused on digital assets.
As Solana and other networks deepen regulatory engagement and expand real-world asset infrastructure, their growing presence in regulated investment products could provide another route for institutional capital to gain exposure.
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Morgan Stanley is making headway in the crypto investment landscape. The financial giant has filed the final paperwork with the SEC for its Solana (MSOL) and Ethereum (MSSE) staking ETFs. This filing represents a pivotal step toward listing these products on the NYSE Arca, and it’s a sign Morgan Stanley is serious about capturing a slice of the burgeoning crypto market.
The details The road to these filings began in January 2026 when Morgan Stanley submitted initial registration statements for its spot Ethereum and Solana ETFs. Spot products, for the uninitiated, hold the actual underlying assets—in this case, Solana and Ethereum. This means investors can expect the ETFs to mimic the performance of these tokens more closely than many existing derivative-based products.
In June 2026, the firm made significant amendments to the ETFs. They introduced a competitive 0.14% annual unitary sponsor fee, the lowest in its category, making these ETFs highly attractive to fee-sensitive investors. What’s more, 95% of the staking rewards are pledged to be passed directly to shareholders. For those less familiar, staking rewards are earnings on locked cryptocurrencies that validate transactions on their respective blockchains.
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Then came the July 2026 filings. These solidified the operational groundwork by appointing Coinbase Prime and BNY Mellon as custodians, ensuring the safekeeping of assets. The paperwork reviewed throughout July shows Morgan Stanley poised to introduce these innovative staking ETFs to a broader market, aligning with final registration steps required for exchange trading.
Background We aren’t new to Morgan Stanley’s digital asset endeavors. The financial titan first delved into crypto with Bitcoin ETF offerings prior to this move. Expanding its repertoire to include Ethereum and Solana showcases not just growing confidence in crypto investments but also a strategic embrace of on-chain yield mechanisms.
The company has navigated multiple regulatory amendments over 2026, underscoring its dedication to meeting compliance and leveraging its stature to bring legitimacy to these digital assets. In a world where institutional investors often shy away from crypto due to regulatory uncertainties and volatility, Morgan Stanley seems to be pushing the envelope.
What this means for investors Morgan Stanley’s spot ETFs for Solana and Ethereum could mark a significant shift in the crypto market dynamics. They do more than just offer exposure to crypto price movements; they integrate on-chain rewards through staking. For institutional investors, this could serve as the gateway product that balances exposure with yield potential—delivering both capital appreciation and income.
Additionally, the low 0.14% fee could set new industry benchmarks, pressuring other firms to reassess their pricing models. Investors might see a domino effect here, with other financial giants adopting similar structures to keep up.
The possibility of adding staking yield to ETFs provides an attractive value proposition, especially for income-focused investors seeking yield in a low-interest-rate environment. These products, if successfully listed, could elevate the market capitalization of Solana and Ethereum by drawing in fresh capital, ultimately fostering a richer and more diverse digital asset ecosystem.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Glassnode, a blockchain analytics company known for monitoring network performance, has reported a significant concentration of Solana validator activity in Europe during the current epoch. Data from the firm’s latency dashboard reveals that European nodes are responsible for 67% of the blocks produced in this period, with production notably centered around Frankfurt.
European validators dominate current Solana epochGlassnode’s latency dashboard tracks the geographic distribution and performance of Solana validators, highlighting that block leadership rotates rapidly, every 1.6 seconds. During this cycle, 67% of produced blocks are generated by validators located in Europe, especially in the Frankfurt area.
The analytics firm emphasized the importance of proximity to network leaders due to Solana’s fast-paced block production schedule. According to Glassnode, latency from Frankfurt averages 72 milliseconds, compared to approximately 140 milliseconds from the U.S. East Coast.
Solana, an open-source public blockchain focused on fast and inexpensive transactions, operates on a system where validators temporarily become the network’s leader. These validators propose new blocks in quick succession, which means network participants such as traders, decentralized application operators, and infrastructure providers often seek connections with the lowest possible latency. Optimizing latency is vital for transaction propagation and can be particularly valuable when network demand is high.
Mini dictionary: Solana epoch, a defined period in Solana’s blockchain timeline during which specific validator assignments are active. At the end of each epoch, roles may be reassigned based on the protocol’s rules and staking outcomes.
Solana’s rapid leader rotation every 1.6 seconds, paired with the current validator distribution, means that Frankfurt-based nodes deliver the lowest latency at 72 milliseconds, as reported by Glassnode.
RegionBlock Production ShareAverage Latency to LeaderEurope (Frankfurt)67%72 msU.S. East CoastNot specified140 msImplications of validator geography on network performanceSolana employs a proof-of-stake architecture, which is inherently different from proof-of-work models such as Bitcoin. In this system, validator geography can influence how quickly transactions are distributed and confirmed, as leader nodes temporarily control block production.
Despite the high proportion of block production from Europe in this epoch, Glassnode stated that temporary validator clustering does not demonstrate centralization of network ownership or control. Validator assignments shift with each epoch, leading to changing geographic patterns over time.
This flexible distribution ensures that the system’s governance and security remain protected while achieving high transaction throughput.
A temporary concentration of validators in a specific region reflects the current active validator schedule for the epoch and does not signal lasting centralization.
Benefits for developers and institutional usersThe current validator distribution is particularly relevant for organizations operating latency-sensitive applications, such as decentralized exchanges, infrastructure providers, and market makers. These participants rely on quick and reliable transaction execution, which is closely linked to network latency and validator proximity.
Retail participants may not notice significant differences in performance; however, optimal infrastructure helps maintain Solana’s standing as one of the fastest large-scale public blockchains available.
Glassnode’s dashboard enables developers to refine RPC routing and improve responsiveness, helping users and institutions gain more consistent network access without requiring protocol-level changes.
Growing focus on infrastructure monitoringGlassnode’s focus on latency and validator distribution demonstrates a growing industry trend toward operational transparency beyond token price movements. With more institutional users and decentralized applications entering the ecosystem, efficient infrastructure and up-to-date metrics around validator activity become crucial.
Currently, there are no regulatory updates or ETF announcements tied to Solana’s validator distribution. The data instead serves to inform market participants and operators about real-time network dynamics, supporting better strategic and infrastructure decisions.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Governance in DeFi is only as credible as the rules behind it. Hey Anon, the AI-driven DeFi agent launchpad, spelled those rules out clearly on July 22, announcing the eligibility criteria that will determine who gets a say in its upcoming DAO vote scheduled for July 23, 2026.
The criteria are specific: ANON token holders qualify to vote if their tokens are staked on Sonic, Base, Ethereum, or Solana, or locked in Kava contracts. Silo deposits and liquidity provider positions on Solana are explicitly excluded from the count.
What qualifies and what does not Kava contracts are included in the eligible set, with one carve-out. Silo deposits on Kava do not qualify, drawing the same logic as LP exclusions.
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The ANON token has a total supply of 20.8 million, with vesting schedules that run through 2029. That relatively tight supply, combined with staking requirements for governance participation, means the pool of eligible voters is deliberately concentrated among long-term aligned holders.
Anon DAO’s governance arc This is not Hey Anon’s first DAO vote. The project ran its initial governance vote in January 2025, establishing the multi-chain framework that tomorrow’s vote builds on.
The project currently integrates with over 18 blockchain networks and 25 DeFi protocols. Developers working within the ecosystem have access to Automate, a TypeScript framework that facilitates protocol integration.
ANON is positioned as the primary governance token for Anon DAO, giving holders influence over platform development decisions and broader ecosystem resource allocation. The token also unlocks discounted access to services within the platform.
What this means for ANON holders The most immediate implication is behavioral. If you hold ANON in an LP position or in a Silo deposit, tomorrow’s vote does not include you.
What to watch after July 23 is whether the vote outcome shapes the next eligibility revision. With vesting schedules running to 2029, the composition of the eligible voter base will shift as more tokens unlock.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
A Solana memecoin built around a man in a deadpan cat suit has gone from two weeks of near-silence to one of the more eye-catching single-day moves in the trench. $KET, traded via @ket_on_solana, surged roughly 700% in 24 hours on @Pumpfun, tagging a $14 million market cap high before cooling to around $8.4 million, approximately a third below the peak.
The Numbers Behind the Move The price action came with real activity on both sides of the order book. The session recorded 20,040 buys against 18,986 sells, with buy volume edging sells only marginally. That kind of balance matters in a space where one-sided tapes tend to collapse fast. The token's audit profile is cleaner than many comparable launches: 3,652 holders, the top 10 wallets controlling 31.6% of supply, and the @ket_on_solana developer wallet sitting at zero, a detail that removes one of the more common red flags traders watch for in early-stage Solana tokens.
$KET has also cleared a meaningful structural milestone by graduating to PumpSwap. PumpSwap is a Solana AMM designed to complete the Pump.fun token lifecycle by moving assets from bonding curve trading into post-graduation liquidity pools. At graduation, the liquidity from the bonding curve gets locked into a PumpSwap pool, with LP tokens burned, meaning that specific liquidity can never be pulled, which prevents rug pulls on the migration liquidity. For a token still finding its footing, that structural lock matters.
Context and Risk The broader backdrop is worth keeping in mind. Pump.fun is a no-code Solana platform that lets anyone launch memecoins easily, making token creation fast, low-cost, and accessible to first-time users. That accessibility cuts both ways. Most memecoin buyers lose money, and the data is not close. Research firm Solidus Labs examined Pump.fun tokens launched before April 2025 that had at least five trades, and found 98.6% collapsed below $1,000 in remaining liquidity, the signature of a pump-and-dump that left late buyers holding nothing.
The $KET pitch has not changed with the price. It remains a man in a deadpan cat suit telling you not to be one. Whether the community behind that concept has the durability to hold attention beyond a single session is the only question that will matter from here. NFA.
Sources:
PumpSwap Review 2026: Pump.fun's Solana AMM, Bonding Curve Graduation, and Trader Risk (CryptoAdventure)
Solana Memecoins and Pump.fun Explained: Launches, Graduations, and the Real Odds (BloFin Academy)
Pump.fun Graduation Explained: How It Works (Sol Token Creator)
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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EUR/CHF may already be telling investors what to expect from today’s European Central Bank meeting. The cross broke decisively above 0.9278 this week, extending its recent rally as surging oil prices revived inflation concerns across Europe. The move suggests markets have begun positioning for a relatively more hawkish ECB even though policymakers are almost universally expected to leave the deposit rate unchanged at 2.25%. With the decision itself largely priced in, attention will instead turn to whether President Christine Lagarde validates—or pushes back against—the hawkish repricing already underway.
The backdrop confronting the Governing Council has changed dramatically since it last met in June. At that meeting, Brent crude was also trading around $95 a barrel, but the trend pointed firmly lower as markets anticipated a breakthrough in US-Iran negotiations. Optimism was soon rewarded with a 60-day ceasefire announced on June 17, sending Brent to around $70 by early July and reinforcing expectations that energy-driven inflation would continue to ease. That narrative has since been turned on its head. The ceasefire has collapsed, military conflict has resumed, shipping risks around the Strait of Hormuz have intensified, and Brent has climbed back above $95. The crucial difference is that oil is now surging rather than falling, fundamentally changing the inflation outlook facing European policymakers.
Financial markets appear to have recognized that shift before the ECB has had a chance to respond. This week’s move in EUR/CHF suggests investors are increasingly pricing a policy outlook that is more hawkish than it appeared only a few weeks ago. While markets are not yet fully convinced another rate hike will follow, they have become less willing to assume June’s increase marked the end of the tightening cycle. The renewed rise in energy prices has reopened the possibility that inflation could prove more persistent than previously expected.
That leaves Lagarde’s press conference carrying far greater significance than the policy announcement itself. Given the speed at which geopolitical developments are evolving, the ECB is unlikely to provide firm forward guidance. The most likely message is that inflation risks have shifted to the upside, uncertainty surrounding the Middle East and the Strait of Hormuz remains exceptionally high, and policy decisions will continue to depend on incoming data. Preserving flexibility is likely to take precedence over signalling a specific policy path.
The key question is whether Lagarde chooses to resist growing market expectations for another rate hike as early as September. Such a question is certain to surface during the press conference. If she explicitly dismisses those expectations, recent Euro gains could fade as markets pare back hawkish bets. On the other hand, if she simply acknowledges heightened inflation risks without challenging current pricing, investors may interpret that as tacit acceptance that another hike remains a live possibility should the energy shock persist.
Meanwhile, EUR/CHF could emerge as the cleaner expression of today’s outcome than EUR/USD. Any hawkish shift from the ECB is likely to be offset by similar expectations that higher oil prices will also keep the Federal Reserve on a tighter path. By contrast, the Swiss National Bank is still widely expected to leave rates unchanged at 0.00% through the remainder of the year, leaving EUR/CHF more directly exposed to changes in ECB expectations.
Technically for EUR/CHF, Wednesday’s break above 0.9278 resumed the rally from March’s 0.8979 low and keeps the pair on course for 100% projection of 0.8979 to 0.9264 from 0.9094 at 0.9379. Just beyond lies the key structural resistance at 0.9394. A sustained break above that level would strengthen the case for a medium-term bullish reversal, reinforcing the view that investors are pricing a widening policy divergence between Frankfurt and Zurich rather than simply reacting to day-to-day geopolitical headlines.
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At $214.90, Regal Rexnord (NYSE:RRX | RRX Price Prediction) screens as one of the more compelling industrial re-ratings in the market. A hyperscale data center order book, an emerging humanoid robotics play, and a domestic motion control footprint have collided at exactly the moment U.S. investors are hunting for scarce robotics supply chain exposure.
Regal is a Milwaukee-based industrial manufacturer designing motors, actuators, controls, gearing, and switchgear across three segments: Automation & Motion Control, Industrial Powertrain Solutions, and Power Efficiency Solutions. The stock has climbed 53.07% year to date on a pivot from HVAC-heavy legacy sales toward higher-margin automation, data center power, and robotics content.
The Robotics And Data Center Re-Rating Thesis Regal secured approximately $735 million of ePOD orders for hyperscale data center customers, with those orders expected to ship in 2027. Kerrisdale’s model shows total data center revenue rising from roughly $130 million in 2025 to $238 million in 2026 and $970 million in 2027, while management has guided to approximately $900 million of data center revenue in 2027. Kerrisdale Capital, which disclosed a long position, argues data center could reach 16% or more of Regal revenue by 2028, supporting an average upside case of 99%. The firm says that data center mix shift provides “ample justification for a re-rating.”
The robotics angle is the optionality. Kerrisdale writes that motion control components will comprise 40-60% of the bill of materials for humanoids, and a theoretical DCF on this stream alone can support almost $5 billion of incremental market value today. Q1 Automation & Motion Control orders jumped over 34%, with aerospace and defense orders up 76% and medical up 53%.
Leverage, Cash Flow, And Insider Selling In Q1, Regal’s operating cash flow fell 85.43% to $14.9 million, and free cash flow turned negative at -$2.5 million. Gross debt sits at $4.7 billion, roughly 3.6x adjusted EBITDA. On the segment side, residential HVAC weakness dragged Power Efficiency Solutions down 8.6%.
The stock’s valuation is stretched on trailing numbers. Shares trade at 49.6 times trailing earnings, and GuruFocus flagged a price-to-GF-Value ratio of 1.4. Outgoing Regal CEO Louis Pinkham reported May stock sales totaling roughly $4.8 million, along with additional shares withheld for taxes, while finance chief Robert J. Rehard sold 6,499 shares at $200. Rare earth magnet export restrictions from China remain a live risk.
Why Some Investors Would Rather Wait In a C-suite shuffle, Aamir Paul just took the helm, and investors may want a quarter or two to see his imprint. ePOD revenue is largely a 2027 event, making 2026 a bridge year with tariff pressure not reaching margin neutrality until end-2026. The next catalyst is the August 5, 2026 Q2 earnings report, where holders will want confirmation that free cash flow normalizes and backlog conversion stays on track.
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What The Numbers Actually Say Regal trades at $214.90 with a consensus analyst target of $260, implying meaningful upside. Coverage skews decisively bullish, with 9 Buy ratings against 1 Hold and no Sells. Oppenheimer lifted its target to $255, and DA Davidson initiated at $260.
Shares are up 53.07% year to date versus 9.73% for the S&P 500, and 39.08% over one year. On forward earnings, Regal trades at about 20x the midpoint of FY2026 guidance of $10.20 to $11.00.
Why The Setup Looks Compelling At This Price At $214.90, Regal Rexnord is a Buy. The risk/reward looks favorable to bulls at about 20 times forward earnings, which does not price in a business where data center could move from roughly 2% of revenue in 2025 to 16% or more by 2028. The $735 million ePOD backlog is already booked, and management expects 20%+ adjusted EBITDA margins on that program.
The humanoid robotics angle is the free option. Regal is one of very few U.S. suppliers integrating motors, actuators, brakes, and micro gearing into humanoid joint solutions at a moment when domestic robotics supply chain exposure is limited and China dominates alternatives.
The thesis breaks if ePOD shipments slip past 2027, if net leverage fails to move below 2.0x by end of 2027, or if free cash flow does not recover toward the $650 million full-year guide. Keep an eye on the August 5 earnings report for backlog conversion and cash flow. With Automation & Motion Control orders up 34%, hyperscale switchgear ramping, and a robotics call option attached, Regal Rexnord offers one of the clearer ways for investors to gain exposure to the U.S. motion control stack heading into 2027.
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