Track market-moving stories before they get noisy

It's been a rough year for SoFi Technologies (SOFI -3.09%) shareholders. The stock is down 34% year to date in a thriving bull market.

But as the second-quarter earnings report approaches, investors got excellent news from the big banks, including JPMorgan Chase and Goldman Sachs. Bank stocks in general tend to move as a group, and the good news should trickle down to SoFi as well. Here's what's happening.

What's good for some banks is good for all banks The main growth driver for both JPMorgan Chase and Goldman Sachs was investment banking. Both companies reported strong growth in the segment: 55% for Goldman Sachs and 45% for JPMorgan Chase.

Image source: SoFi.

Investment banking includes activities like initial public offerings (IPOs) and other capital raises, mergers and acquisitions (M&A), and asset management -- the kinds of things that Wall Street is known for doing. Heightened investment banking activity is a great sign of a healthy economy, where businesses transact and make deals.

High IPO activity often comes when there's a strong bull market, and Q2 featured the Space Exploration Technologies (SpaceX) IPO, the largest ever. Goldman Sachs said that M&A activity increased 90% year over year in the quarter and that the artificial intelligence (AI) build-out is driving growth in many areas.

Increased activity in the big banks is good for smaller banks, too. More money is going around, more people are investing, and that leads to a robust economy. While there have been warning signs about the economy, conditions remain strong so far.

It's not just investment banking While investment banking accounted for much of the growth in Q2, it was a great quarter all around for all segments. In particular, lending was strong, which is an excellent indicator for SoFi. At JPMorgan Chase, for example, average loans were up 10% year over year.

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SoFi has expanded into a full digital banking app, but its original and core business is lending. Lending was responsible for more than half of total revenue in the 2026 first quarter, and it increased 55% year over year. Total originations were up 68%, with particular strength in home loans, which were up 137%, and student loans, which were up 119%.

SoFi doesn't have an investment banking arm, but it's also benefiting from the wave of capital activity through its investing tools, and it was one of the platforms that offered retail IPO access to SpaceX.

SoFi reports Q2 earnings on July 29, and there's a lot to get excited about now.

JPMorgan Chase is an advertising partner of Motley Fool Money. Jennifer Saibil has positions in SoFi Technologies. The Motley Fool has positions in and recommends Goldman Sachs Group and JPMorgan Chase. The Motley Fool has a disclosure policy.

Key Takeaways Pegasystems' revenues rose 9.4%, while earnings increased 25% but missed estimates. Pega Cloud revenues jumped 28% and accounted for 51% of quarterly revenues.Pegasystems warned that delayed client decisions may pressure ACV growth and cash generation. Pegasystems (PEGA - Free Report) reported second-quarter 2026 non-GAAP earnings of 35 cents per share, missing the Zacks Consensus Estimate by 18.61%. Earnings rose 25% year over year.

Revenues rose 9.4% year over year to $420.72 million but missed the consensus mark by 1.84%. The shortfalls came despite continued cloud momentum. Pega Cloud annual contract value rose 22% year over year, while total annual contract value increased 7% or 8% in constant currency.

Backlog grew year over year, supporting longer-term revenue visibility. Total backlog increased 10% year over year to $2.02 billion as of June 30, 2026 or 11% in constant currency. Pega Cloud backlog rose 18% to $1.56 billion and accounted for 77% of total backlog, up from 72% a year earlier.

PEGA's Cloud Growth Supports Revenue ExpansionPega Cloud revenues climbed 28% year over year to $213.93 million and represented 51% of quarterly revenues, up from 43% a year earlier. Maintenance revenues declined 6% to $74.53 million. 

Together, subscription services revenues advanced 17% to $288.46 million. Subscription license revenues rose 2% to $82.03 million, taking total subscription revenues up 13% to $370.49 million.

PEGA's Revenue Mix Shows Subscription StrengthConsulting revenues declined 13% year over year to $50.23 million and accounted for 12% of total revenues compared with 15% in the prior-year quarter. The decline partly offset gains across the subscription business.

Subscription revenues represented 88% of quarterly revenues, up from 85% a year earlier. The higher recurring-revenue mix supported the top-line increase, but higher operating costs and delayed client decisions limited the benefit to profitability.

Pegasystems Faces Slower ACV GrowthTotal annual contract value reached $1.62 billion at June 30, 2026, compared with $1.51 billion a year earlier. Pega Cloud ACV increased to $926.29 million from $761.05 million, highlighting the continued shift toward cloud contracts.

However, management said unprecedented changes in the AI market prompted clients to delay purchasing decisions. The company added that ACV growth slowed in the first half and warned that these factors may continue to pressure growth for the rest of the year.

PEGA's Operating DetailsGross profit rose 13.7% year over year to $312.69 million. The gross margin expanded about 280 basis points to 74.3%, driven by revenue growth and a slight decline in total cost of revenues.

Operating expenses increased 14.9% to $296.05 million. Selling and marketing expenses rose 12.4%, research and development expenses increased 6.8%, and general and administrative expenses jumped 37.6%.

GAAP operating income slipped 3.7% year over year to $16.64 million. The operating margin contracted roughly 50 basis points to 4% as expense growth outpaced revenues.

PEGA’s Balance Sheet & Cash FlowAs of June 30, 2026, cash and cash equivalents and marketable securities totaled $361.9 million, down from $474 million as of March 31, 2026.

For the first six months of 2026, cash provided by operating activities increased 2.7% year over year to $298.23 million. Free cash flow rose 0.6% to $288.26 million, even as the company cautioned that slower ACV growth could weigh on cash generation for the remainder of the year.

PEGA's Zacks Rank & Stocks to ConsiderCurrently, Pegasystems carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Computer and Technology sector include Agilysys (AGYS - Free Report) , Bandwidth (BAND - Free Report) and Fortinet (FTNT - Free Report) , each currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

 Shares of Agilysys have declined 15.3% in the year-to-date period. AGYS is set to report its first-quarter fiscal 2027 results on July 27.

 Shares of Bandwidth have surged 355.4% in the year-to-date period. BAND is slated to report its second-quarter 2026 results on July 29.

 Fortinet shares have gained 99.1% in the year-to-date period. FTNT is set to report its second-quarter 2026 results on July 29.

Key Takeaways TEL beat Q3 earnings and revenue estimates as sales rose 14% and orders hit a record $5.7 billion. TEL expects about $5.25B in Q4 sales and adjusted EPS of about $3.05, with 11% sales growth. TEL agreed to acquire Astrodyne TDI for $1.4B to expand its Industrial Solutions power portfolio. TE Connectivity (TEL - Free Report) reported third-quarter fiscal 2026 adjusted earnings of $2.94 per share, up 22% year over year. The figure beat the Zacks Consensus Estimate of $2.85 by 3.2%.

Net sales increased 14% year over year to $5.16 billion and surpassed the Zacks Consensus estimate by 3.14%. Growth across both the Industrial and Transportation segments supported performance. Orders reached a record $5.7 billion, rising 27% year over year.

TEL's Q3 Top-Line DetailsTransportation Solutions generated revenues of $2.58 billion, accounting for half of total sales. Segment revenues increased 7% on a reported basis and 5% organically from the year-ago quarter.

Industrial Solutions also recorded revenues of $2.58 billion, representing the remaining half of sales. The figure climbed 22% year over year on a reported basis and 21% organically, reflecting broad-based demand across most of its businesses.

TE Connectivity's Segment PerformanceWithin Transportation Solutions, Automotive sales rose 5% to $1.91 billion, including 3% organic growth, supported by content outperformance in Asia and Europe. Commercial Transportation revenues advanced 20% to $434 million and increased 18% organically on strong content growth across all regions.

Sensor’s revenues declined 1% to $233 million and fell 3% organically. The segment's adjusted operating income increased to $541 million from $486 million, while adjusted operating margin expanded 90 basis points to 21%.

TEL's Industrial Businesses Maintain MomentumDigital Data Networks revenues surged 34% to $813 million on both a reported and organic basis, aided by continued momentum in artificial intelligence applications. Management indicated that orders support another strong sequential sales increase for the business in the fourth quarter.

Energy sales increased 34% to $516 million, including 33% organic growth, driven by grid-hardening activity and data-center construction. Automation and Connected Living revenues rose 16% to $664 million, while Aerospace, Defense and Marine sales advanced 12% to $419 million. Medical revenues decreased 7% to $168 million. The segment's adjusted operating income increased to $588 million from $467 million, while adjusted operating margin expanded 70 basis points to 22.8%.

TE Connectivity's Q3 Operating DetailsIn third-quarter fiscal 2026, GAAP gross margin expanded 26 basis points (bps) year over year to 35.6%.

Selling, general and administrative expenses increased to $532 million from $491 million. Research, development and engineering expenses rose to $230 million from $211 million.

GAAP operating income increased to $981 million from $857 million. Operating margin edged up 10 bps to 19%. Adjusted operating income rose to $1.13 billion from $953 million, while adjusted operating margin expanded 90 bps to 21.9%.

TEL's Cash Flow and Balance SheetAs of June 26, 2026, cash and cash equivalents totaled $1.24 billion. Total debt was $5.63 billion.

TE Connectivity generated $1.19 billion in cash from operating activities during the quarter, nearly unchanged from the prior-year period. Free cash flow declined to $883 million from $962 million.

TEL repurchased $529 million of shares and paid $226 million in dividends during the quarter.

TE Connectivity's Positive Q4 GuidanceFor the fourth quarter of fiscal 2026, TE Connectivity expects sales of approximately $5.25 billion, indicating 11% growth on both a reported and organic basis. Adjusted earnings are projected to be approximately $3.05 per share, representing an 18% year-over-year increase.

TEL also agreed to acquire Astrodyne TDI for approximately $1.4 billion. The business is expected to contribute annual sales of more than $250 million and expand the company's power-management portfolio within Industrial Solutions.

TEL’s Zacks Rank & Other Stocks to ConsiderCurrently, TE Connectivity has a Zacks Rank #2 (Buy).

Some other top-ranked stocks in the broader Zacks Computer and Technology sector are Bandwidth (BAND - Free Report) , Amphenol (APH - Free Report) , and Amkor Technology (AMKR - Free Report) . While Bandwidth and Amphenol sport a Zacks Rank #1 (Strong Buy), Amkor Technology carries a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Bandwidth is set to report second-quarter 2026 results on July 29. Bandwidth shares have appreciated 355.4% year to date.

Amphenol is slated to report second-quarter 2026 results on July 29. Amphenol shares have gained 16.8% year to date.

Amkor Technology is set to report second-quarter 2026 results on July 29. Amkor Technology shares have surged 69% year to date.

US Senator Cynthia Lummis: In the coming days, she will continue to push for a bipartisan agreement on the CLARITY Act to enact it into law.

US Senator Cynthia Lummis released a statement thanking her Democratic colleagues for their key contributions to the new draft of the CLARITY Act, and pledged to continue pushing for an agreement in the coming days to get the bill enacted into law. Lummis noted that consumer protection and supporting innovation are not mutually exclusive, adding that the draft demonstrates both goals can be achieved simultaneously. Earlier reports indicated that Senate Republicans unveiled the new version of the CLARITY Act following a briefing call with industry stakeholders. The revised text proposes to ban officials including the U.S. president, vice president, members of Congress, federal judges, and their spouses from receiving compensation via issuing or sponsoring digital assets while in office; the relevant provisions will remain in effect until January 20, 2029. Restricted officials must also sell their crypto assets and investments in crypto-related firms, or place them in blind trusts over which they have no control; sales of crypto assets exceeding $1,000 are required to be disclosed.

3 hours ago

The CLARITY Act adds, for the first time, provisions restricting the president and government officials from profiting through crypto assets.

According to CNBC, the new CLARITY Act under consideration by the U.S. Senate would ban the president and other federal officials from issuing or sponsoring cryptocurrencies and other digital assets. Republican lawmakers updated the bill’s text on Wednesday, adding for the first time provisions restricting the president from profiting from crypto assets, with the rules applying to both the president and other federal officials. The CLARITY Act is designed to be the U.S.’s first comprehensive piece of legislation regulating the digital asset market, and remains pending in the Senate.

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The revised CLARITY Act has been officially released, prohibiting the president and government officials from issuing or sponsoring crypto assets for profit.

Crypto journalist Eleanor Terrett reported that U.S. Senate Republicans have released a revised version of the CLARITY Act following a briefing call with industry stakeholders. The ethics framework in the revised bill was developed by the White House in consultation with Republican Senators Cynthia Lummis and Bernie Moreno, and has not yet secured Democratic backing. The new text would bar U.S. officials—including the president, vice president, members of Congress, federal judges—and their spouses from earning compensation during their terms via issuing or sponsoring digital assets; these provisions are set to expire on January 20, 2029. Covered officials must sell their crypto assets and investments in crypto firms, or place them in blind trusts over which they have no control, with sales of crypto assets exceeding $1,000 requiring disclosure. The U.S. Department of Justice would be granted civil enforcement authority for ethics violations, including prosecuting trading platforms that knowingly operate banned tokens. However, Democrats oppose granting the DOJ sole enforcement power without extending authority to state attorneys general, and the relevant provisions could still be adjusted in the coming days. The revised bill retains the BRCA and Keep Your Coins Act, clarifying that non-custodial software developers and blockchain infrastructure providers will not be classified as money transmitters solely for maintaining decentralized networks, while safeguarding individuals’ right to self-custody of crypto assets. Stablecoin provisions remain unchanged: interest on idle payment stablecoin balances is banned, but rewards tied to actual activities like trading or staking are permitted.

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Report: Crypto industry contributes $55 billion to U.S. economy, directly employs 34,000 people

The US National Cryptocurrency Association released a report stating that the US crypto industry directly employs 34,000 people; when including jobs supported by supplier industries and consumer spending of related workers, total employment in the sector is roughly 232,000. The report projects that by 2026, the industry will contribute over $55 billion to US GDP, with around $31 billion flowing to workers as labor income. Of the 232,000 supported jobs, approximately 75,000 come from supplier industries, and another 123,000 are driven by household spending of related employees. These figures are based on multiplier effects from input-output models and do not represent direct hires by crypto firms. Among the 34,000 direct roles, software, blockchain, and data engineering positions are the most numerous, at about 10,100. Regionally, California and New York support 57,649 and 53,766 jobs respectively, totaling over 111,000; Texas accounts for roughly 26,536 jobs. The 12 US heartland states defined in the report collectively support around 17,000 jobs. The report was commissioned and funded by the National Cryptocurrency Association, with analysis conducted by Pragmatic Policy Group. Its estimates are based on the US Bureau of Economic Analysis’ 2024 input-output tables and $23.22 billion in crypto industry revenue data, with model assumptions incorporated into occupational structure and industry mapping.

3 hours ago

The development company behind Pump.fun is hiring a Growth Marketing Lead, offering a base annual salary of up to $1 million.

Baton Corporation, the developer behind Pump.fun, is hiring a Head of Growth Marketing, with a base annual salary of $400,000 to $1,000,000 plus performance-based incentives. Pump.fun founder Alon noted that the platform has grown to become one of the largest in the crypto industry with almost no paid marketing. The company’s next goal is to transition Pump.fun from a crypto-native product to the mainstream market, targeting an application with hundreds of millions of users. The role requires candidates to have hands-on experience in consumer app growth, a proven track record managing multi-million dollar marketing budgets, and familiarity with strategies including digital advertising, user-generated content (UGC), and short-form video clips.

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灰度：若美联储不再加息，比特币或已触底

Zach Pandl, head of research at Grayscale, wrote in a post that the market currently holds two main views on when Bitcoin’s bear market will end: one is adherence to the "four-year cycle" theory, and the other is viewing Bitcoin as a mature asset driven by macroeconomic factors. The "four-year cycle" theory holds that halving events remain the core driver of Bitcoin’s price cycles. Historically, Bitcoin has typically bottomed roughly one year after a cycle peak and about 2.5 years after a halving, with an average cumulative drawdown of around 80%. Based on this pattern, Bitcoin could still decline further in the current cycle and form a bottom in September or October. The other view argues that Bitcoin’s price will, like other major assets, be more influenced by economic growth, real interest rates, and changes in Federal Reserve policy going forward. Past Bitcoin bear markets have typically coincided with slowing economic growth or rising real interest rates, and this current downturn has unfolded against a backdrop of rising rate hike expectations and climbing real interest rates. Pandl noted he leans more toward the macro-driven view. If the Fed stops raising interest rates and economic growth remains stable, Bitcoin’s price may have already bottomed.

3 hours ago

Bitwise Chief Investment Officer Matt Hougan said Hyperliquid and Robinhood could emerge as leading beneficiaries of the next crypto bull market as traditional financial markets increasingly adopt blockchain infrastructure.

In a Tuesday market memo, Hougan argued that the next crypto cycle will be driven by the convergence of traditional and onchain finance, including stablecoins, tokenized assets, round the clock trading, instant settlement, and institutional decentralized finance.

Hougan said the shift could produce a larger cycle than previous crypto rallies because it would be supported by financial activity and revenue rather than primarily speculative demand.

He identified two categories that could benefit from the transition. The first includes crypto native financial applications that generate substantial revenue and connect token value to platform usage. The second consists of established financial companies deploying products directly on blockchain networks.

Hougan placed Hyperliquid in the first category. The Layer 1 network initially gained traction through its decentralized perpetual futures exchange but has expanded into markets linked to traditional assets such as commodities and equity indexes.

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According to Hougan, Hyperliquid surpassed $1 billion in cumulative revenue in June and is on track to generate about $800 million this year. He said the protocol directs 99% of its revenue toward purchasing HYPE tokens on the open market.

Hougan argued that the model addresses a recurring issue across crypto markets, where applications generate trading volume and fees without creating corresponding demand for their native tokens. He also pointed to Uniswap, Aave, and Morpho as protocols moving toward stronger connections between platform activity and token value.

Robinhood represents the second category by approaching the transition from the traditional finance side.

The brokerage launched the public mainnet of Robinhood Chain on July 1. The Layer 2 network was built using Arbitrum technology and is designed to support financial services and tokenized real world assets.

Robinhood also introduced stock tokens through its self custody wallet in more than 120 countries, subject to local restrictions. Eligible users can trade the products around the clock and interact with decentralized applications including Uniswap and Lighter.

The products are tokenized debt securities that provide economic exposure to underlying stocks but do not give holders legal or beneficial ownership rights in the shares. They are not available to users in the United States.

Hougan said Robinhood Chain attracted more than $300 million in deposits and processed 3.6 million daily transactions within two weeks of its launch. He argued that its early activity could pressure competing financial institutions to move beyond limited blockchain pilots and launch products at a similar scale.

Beyond Hyperliquid and Robinhood, Hougan identified Coinbase, Figure, BlackRock, Visa, Stripe, and JPMorgan as companies with meaningful exposure to the transition toward blockchain based financial infrastructure.

Bitcoin has risen 9% since July 1 while the Nasdaq 100 has fallen 6%, according to Hougan. He said improving exchange traded fund flows and market sentiment may indicate that crypto is forming a bottom, though he cautioned that it remains too early to confirm a broader recovery.

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

Movement has joined the Mesh Alliance Program (MAP), Mesh's industry-wide interoperability initiative designed to simplify the growing complexity of crypto payments. Movement joins more than 50 partners that connect through Mesh's shared infrastructure, giving every app built on Movement a direct path to the hundreds of accounts where users already hold funds.

Accessing onchain liquidityFor Movement, Mesh closes the gap that stops most users before they start: getting money onto the network. Any app built on Movement can embed Mesh, let a user connect an account they already hold, and pull that balance onchain in a couple of taps. No withdrawal form. No wallet address to copy. No network to pick.

Movement adds one thing on top. A user holding MOVE, or any other token, on an exchange can deposit and receive a stablecoin on Movement instead. The asset the user holds and the asset the app needs do not have to match. The conversion happens inside the deposit.

Motion Wallet ships with Mesh firstMotion Wallet is Movement's self-custodial wallet. Keys stay on the user's device. It ships with the Mesh integration first. A user opens Motion Wallet, connects an exchange account through Mesh, and funds the wallet in a few taps. The same pattern is open to every partner building on Movement.

Remittance corridor realityRemittances to low and middle-income countries reached $685 billion in 2024. Those transfers settle in 278ms on Movement. But settlement speed only matters once the money is on the network, and that first step is where most products lose their users.

Most people in the markets Movement's partners serve already hold a balance on an exchange. They have the money. What they lack is a way to move it into an app without a withdrawal process that loses them halfway through. The markets Mesh is expanding into next, across Latin America, Asia, and Europe, are the same corridors Movement's partners are building for.

Movement CEO, Torab Torabi explains, "Until now, if you wanted to move money in crypto, you had to do all the heavy lifting yourself. Set up a wallet, keep balances on a couple of exchanges, bridge between networks, then paste in a 40-character address and hope the money actually showed up. Nobody liked doing that. We put up with it because there wasn't a better option. This is the pain point that Mesh alleviates. Your money moves from wherever it is to where you needs to be. The bridging happens underneath, where you as the user never have to deal with it. If we want the next billion people moving funds onchain, it has to be that simple."

Full CEX deposit support on Movement targets Q3 2026. Once network support is live across exchanges, the integration takes one to three weeks. The alliance is open to every partner building on Movement.

Move is for Money.

*This post is informational only and does not constitute an offer or solicitation of any digital asset, security, financial instrument, investment product, or stablecoin, or financial, investment, legal, or tax advice. Mesh's products and services are operated solely by Mesh, subject to Mesh's terms and applicable law. Products built on Movement Network by independent partners are operated by those partners subject to their own terms, eligibility criteria, and jurisdictional availability, and may not be available to US persons or in jurisdictions where prohibited. Product descriptions reflect publicly available information and have not been independently verified. Forward-looking statements reflect current expectations and are not guarantees.

Archer Aviation(ACHR -2.27%) has spent years developing an electric aircraft designed to carry four passengers across congested cities. Today, July 22, it just unveiled an aircraft that won’t carry any humans, not even a pilot.

“Halo” is its name, and it’s the commercial sibling of “Thunder," the defense aircraft Anduril unveiled earlier this week. Despite their different missions, Halo and Thunder share the same machinery: a hybrid-electric powertrain and two enormous tilt rotors that lift them vertically from the ground, then turn forward and pull them through the air like conventional airplanes.

The unveiling is one of Archer’s biggest developments of the year. And yet, if you looked only at Archer’s stock, you might have thought today was just another ordinary day. As of writing, Archer is down roughly 1%.

Still, I think this is big news for Archer investors, with long-term implications for its business. Let’s take a look.

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How Halo can help broaden Archer’s bull caseIn plain English, Halo gives Archer another way to answer a question that has puzzled investors for years: Can the company actually bring a commercially viable product to market (ideally one with wings) before its enormous cash burn devours its financial runway?

It has worked tirelessly to secure FAA type certification for Midnight, its flagship electric vertical takeoff and landing (eVTOL) aircraft. And although it recently completed the third phase of the FAA’s four-phase process, the last step is the most demanding, requiring flight testing and analysis to prove Midnight is airworthy.

On that note, here’s a kicker: Archer hasn’t yet publicly demonstrated a piloted transition of Midnight (that is, shifting from vertical to forward flight with a pilot in the cockpit). That’s not to say Midnight cannot transition. But without a public demonstration, the question will surely linger.

Image source: Archer Aviation.

Speaking of pilots, Halo doesn’t need one. Like its sibling, Thunder, the aircraft is autonomous, which could allow it to perform hazardous missions without exposing a crew to danger. Just picture it: Halo can rush medicine to hospitals, or take supplies to disaster zones, or haul machinery to oil rigs. There is, in short, a legitimate commercial need for the kind of autonomous cargo and logistics missions that Halo can pull off. And tapping into that demand could generate meaningful revenue for Archer, something it currently lacks.

But let’s not get ahead of ourselves: This is an aircraft, not a revenue reveal. Archer named Marubeni Aerospace as Halo’s strategic launch partner, but it hasn’t disclosed any firm orders. And unlike Thunder, whose pathway to military airworthiness might be shorter than the FAA certification process for a civilian eVTOL, an autonomous commercial aircraft will likely face a more extensive approval process. Indeed, it’s worth noting that Thunder is planned for flight testing in 2027, whereas a first-flight date for Halo was not disclosed in today’s announcement.

As such, this is good news, but it still leaves Archer investors in roughly the same place: staring at a potentially large market opportunity that could still be years away.

Does the Archer-Anduril platform make Archer a buy? The unveiling of Thunder and Halo is a big update from Archer, but it doesn’t necessarily make it a screaming buy. Indeed, Archer still faces pretty much the same challenges as before: It needs to certify Midnight, launch commercial operations in the U.S., manufacture aircraft at scale, lay the infrastructure needed to support them, and prove its business can turn a profit over the long haul.

So, is it a buy? If you can tolerate volatility, picking up some shares of Archer now could prove rewarding over time. Most investors, however, will probably want to watch Archer from the sidelines, at least until Midnight secures FAA certification.

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KDAF-TV and KAZT-TV to Add News Seven-Days-a-Week Beginning in Mid-August

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NXST: NASDAQ), today announced that it will launch primetime newscasts Monday through Sunday in Dallas and Phoenix in mid-August, bringing local news content to millions of new viewers in two of the nation’s top-12 markets.

In Dallas, where Nexstar owns KDAF-TV (CW33), the new newscasts will air at 9 p.m. local time, following programming on The CW Network. In Phoenix, where Nexstar provides services to KAZT-TV (CW7 Arizona) under a Time Brokerage Agreement, the new newscasts also will air at 9 p.m. local time after CW programming.

“We’re excited to launch daily primetime newscasts in two of the country’s top-12 markets and provide viewers with a new outlet for news and information that didn’t exist previously,” said Andrew Alford, President of Nexstar’s broadcasting division. “Nexstar is committed to serving our communities with high-quality, fact-based local journalism, which is particularly important now, as the mid-term elections approach and voters look for reliable, credible information about the issues and the candidates running for office.”

About Nexstar Media Group, Inc.
Nexstar Media Group, Inc. (NASDAQ: NXST) is a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across its television and digital platforms. For more information, please visit nexstar.tv.

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Vertiv Stock Surges on Strategic CFO Hire and AI MomentumWabtec NYSE: WAB reported stronger-than-expected second-quarter 2026 results and raised its full-year outlook, citing broad revenue growth, margin expansion, a large multiyear backlog and continued demand across freight, transit, digital and international markets.

Chairman and CEO Rafael Santana said the company delivered a “strong H1 of the year” despite tariff headwinds, unfavorable business mix and difficult year-over-year comparisons. He said Wabtec’s execution helped drive “robust growth, expanded margins, and delivered double-digit earnings per share growth.”

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3 transportation stocks gearing up for a new rallyFor the second quarter, Wabtec reported sales of $3.18 billion, up 17.5% from the prior-year period. Adjusted earnings per diluted share rose 21.6% to $2.76, while GAAP earnings per diluted share increased 18.9% to $2.33. Cash flow from operations was $441 million for the quarter.

“Overall, the quarter reflects the strength of our execution, the resilience of our business, and solid momentum as we move through the year,” EVP and CFO John Olin said.

Backlog and Orders Remain Central to Outlook Markets Are Loving These Stocks 'Firing On All Cylinders'Santana highlighted backlog as a key strength. Wabtec’s 12-month backlog increased 11% from the prior year, while its multiyear backlog exceeded $30 billion, up 42%. In the Freight segment, 12-month backlog was $6.64 billion, up 10.2%, and multiyear backlog reached $25.33 billion, up 47.8%. In Transit, 12-month backlog was $2.5 billion, up 14.5%, while multiyear backlog increased 19.4%.

The company also cited several major business wins during the quarter. Santana said Wabtec secured a billion-dollar order from an Australian customer spanning locomotives, services, components and digital solutions. The company also signed a $184 million Positive Train Control order with Vale in Brazil, received a $55 million platform door order for the Grand Paris Express project and secured a $52 million APAC mining order for drive systems for 240-ton mining trucks.

During the question-and-answer session, Santana said the Australian order had entered backlog and that Wabtec continues to see significant international opportunities in regions including those referenced by analysts such as Australia, East Asia, Uzbekistan, Mongolia, Pakistan, Brazil and parts of Africa. He said “more than a couple of significant deals” could materialize in the second half.

Freight and Transit Both Post Double-Digit Sales Growth Freight segment sales rose 16.9% in the quarter. GAAP segment operating income was $504 million, producing an operating margin of 22.5%, up 0.9 percentage points from a year earlier. Adjusted operating income in Freight increased 20.6% to $579 million, and adjusted operating margin improved 0.8 percentage points to 25.8%.

Olin said the Freight improvement was driven by higher gross margin, contributions from acquisitions including Inspection Technologies and Frauscher, and continued productivity and efficiency efforts.

Transit segment sales increased 18.9% to $936 million, or 17.7% excluding foreign currency. GAAP operating income was $146 million. Adjusted segment operating income was $166 million, with adjusted operating margin rising 2.5 percentage points to 17.7%. Olin said underlying business momentum and the Dellner acquisition contributed to margin expansion.

Product line performance was mixed but broadly positive. Equipment sales rose 35% on higher locomotive deliveries and increased mining sales. Digital intelligence sales increased 88.5%, driven by the Inspection Technologies and Frauscher acquisitions. Transit sales benefited from Dellner and growth across products and services. Component sales declined 0.7%, reflecting lower North American railcar builds and portfolio optimization actions, partly offset by industrial product growth.

Margins Improve Despite Tariffs and Mix Pressure Wabtec reported GAAP operating income of $600 million, up 27.1% from the prior year. GAAP operating margin was 18.9%, up 1.5 percentage points. Adjusted operating margin increased 0.8 percentage points to 21.9%.

Olin said margin improvement reflected contractual price escalation, productivity gains and integration savings, partially offset by rising manufacturing costs, higher year-over-year tariffs and unfavorable mix. He said the company continues to benefit from Integration 3.0, its productivity and simplification program.

Olin told analysts that Wabtec expects most of its full-year margin expansion to occur in the second half, particularly in the fourth quarter. He attributed that outlook to moderating year-over-year tariff headwinds, productivity momentum from Integration 3.0 and portfolio optimization, and comparisons against prior-year items that are not expected to repeat.

Asked whether tariff mitigation actions could become permanent, Santana said some supply chain changes already had structural value, while others depend on greater stability in tariff rates. “Yes, where we can, we’ve moved products from higher tariff areas to lower tariff in the U.S.,” he said.

Guidance Raised for 2026 Wabtec raised its full-year 2026 guidance following the stronger second-quarter results. Santana said the company now expects revenue of approximately $12.5 billion at the midpoint, representing growth of 11.5% from last year and an increase of one percentage point from prior guidance. The company also raised adjusted EPS guidance to a range of $10.60 to $10.90, up 20% at the midpoint.

Olin said the revenue guidance increase was largely tied to stronger flow business, which accounts for about 30% of Wabtec’s revenue, while the remaining 70% is supported by longer-term agreements. He said North American carloads were up nearly 3% in the first half and 4% in the second quarter, helping drive demand tied to locomotive operations and aftermarket activity.

Management said it expects year-over-year revenue growth to moderate in the second half as Wabtec laps the inclusion of Inspection Technologies in prior-year results. Olin said revenue growth is expected to be slightly higher in the third quarter than in the fourth, while margin growth is expected to accelerate meaningfully in the fourth quarter.

Management Cites International Demand, Digital and Modernization Opportunities Santana said freight market indicators remain mixed, but international opportunities are strong as infrastructure expansion and upgrade projects continue to support the company’s order pipeline. In North America, he said industry active locomotive fleet levels increased from the prior-year second quarter, while the railcar build outlook for 2026 is now approximately 25,000 cars, down 21% from 2025.

On digital offerings, Santana said Wabtec is seeing deeper international penetration, pointing to Positive Train Control, automation and related technologies as increasingly important to global rail customers.

The company also discussed its EVO Advantage modernization program. Santana said Wabtec received its first North American order for the program in the second quarter and views modernization as a way to refresh its installed base while delivering fuel efficiency benefits to customers.

Wabtec ended the quarter with more than $2 billion in liquidity and a net debt leverage ratio of 2.2 times. Olin said the ratio remained within the company’s stated range of 2.0 to 2.5 times even after funding the roughly $1 billion Dellner acquisition in the first quarter and repurchasing $457 million of shares in the first half. During the second quarter, Wabtec repurchased $215 million of shares and paid $53 million in dividends.

About Wabtec (NYSE:WAB)Wabtec Corporation (Westinghouse Air Brake Technologies Corporation) is a global provider of equipment, systems and services for the rail industry. The company supplies products and solutions to freight railroads, transit agencies and other industrial operators, focusing on technologies that improve the performance, safety and efficiency of locomotives and rail networks. Wabtec's business spans new equipment manufacturing, aftermarket parts and services, and digital and control systems for rail operations.

Product and service offerings include locomotive systems and components, braking and air systems, propulsion and traction equipment, signaling and control technologies, and a range of aftermarket services such as maintenance, remanufacturing, parts distribution and fleet modernization.

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

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Arm Holdings (ARM) gained another sign of momentum in the AI race after IDC reported that Arm-based rack-scale GPU servers have overtaken x86 systems as the lea

Cytokinetics (CYTK) is positioned to expand MYQORZO across the entire HCM continuum, not just as a late-stage competitor to Camzyos. Initial MYQORZO launch metrics—rapid market access, >30% new-to-brand share, and strong prescriber uptake—signal robust commercial traction beyond headline Q1 revenue. MAPLE-HCM and ACACIA-HCM trials support earlier use and a potential doubling of the addressable market via non-obstructive HCM, driving CYTK's long-term value.

US Senator Cynthia Lummis: In the coming days, she will continue to push for a bipartisan agreement on the CLARITY Act to enact it into law.

US Senator Cynthia Lummis released a statement thanking her Democratic colleagues for their key contributions to the new draft of the CLARITY Act, and pledged to continue pushing for an agreement in the coming days to get the bill enacted into law. Lummis noted that consumer protection and supporting innovation are not mutually exclusive, adding that the draft demonstrates both goals can be achieved simultaneously. Earlier reports indicated that Senate Republicans unveiled the new version of the CLARITY Act following a briefing call with industry stakeholders. The revised text proposes to ban officials including the U.S. president, vice president, members of Congress, federal judges, and their spouses from receiving compensation via issuing or sponsoring digital assets while in office; the relevant provisions will remain in effect until January 20, 2029. Restricted officials must also sell their crypto assets and investments in crypto-related firms, or place them in blind trusts over which they have no control; sales of crypto assets exceeding $1,000 are required to be disclosed.

3 hours ago

The CLARITY Act adds, for the first time, provisions restricting the president and government officials from profiting through crypto assets.

According to CNBC, the new CLARITY Act under consideration by the U.S. Senate would ban the president and other federal officials from issuing or sponsoring cryptocurrencies and other digital assets. Republican lawmakers updated the bill’s text on Wednesday, adding for the first time provisions restricting the president from profiting from crypto assets, with the rules applying to both the president and other federal officials. The CLARITY Act is designed to be the U.S.’s first comprehensive piece of legislation regulating the digital asset market, and remains pending in the Senate.

3 hours ago

The revised CLARITY Act has been officially released, prohibiting the president and government officials from issuing or sponsoring crypto assets for profit.

Crypto journalist Eleanor Terrett reported that U.S. Senate Republicans have released a revised version of the CLARITY Act following a briefing call with industry stakeholders. The ethics framework in the revised bill was developed by the White House in consultation with Republican Senators Cynthia Lummis and Bernie Moreno, and has not yet secured Democratic backing. The new text would bar U.S. officials—including the president, vice president, members of Congress, federal judges—and their spouses from earning compensation during their terms via issuing or sponsoring digital assets; these provisions are set to expire on January 20, 2029. Covered officials must sell their crypto assets and investments in crypto firms, or place them in blind trusts over which they have no control, with sales of crypto assets exceeding $1,000 requiring disclosure. The U.S. Department of Justice would be granted civil enforcement authority for ethics violations, including prosecuting trading platforms that knowingly operate banned tokens. However, Democrats oppose granting the DOJ sole enforcement power without extending authority to state attorneys general, and the relevant provisions could still be adjusted in the coming days. The revised bill retains the BRCA and Keep Your Coins Act, clarifying that non-custodial software developers and blockchain infrastructure providers will not be classified as money transmitters solely for maintaining decentralized networks, while safeguarding individuals’ right to self-custody of crypto assets. Stablecoin provisions remain unchanged: interest on idle payment stablecoin balances is banned, but rewards tied to actual activities like trading or staking are permitted.

3 hours ago

Report: Crypto industry contributes $55 billion to U.S. economy, directly employs 34,000 people

The US National Cryptocurrency Association released a report stating that the US crypto industry directly employs 34,000 people; when including jobs supported by supplier industries and consumer spending of related workers, total employment in the sector is roughly 232,000. The report projects that by 2026, the industry will contribute over $55 billion to US GDP, with around $31 billion flowing to workers as labor income. Of the 232,000 supported jobs, approximately 75,000 come from supplier industries, and another 123,000 are driven by household spending of related employees. These figures are based on multiplier effects from input-output models and do not represent direct hires by crypto firms. Among the 34,000 direct roles, software, blockchain, and data engineering positions are the most numerous, at about 10,100. Regionally, California and New York support 57,649 and 53,766 jobs respectively, totaling over 111,000; Texas accounts for roughly 26,536 jobs. The 12 US heartland states defined in the report collectively support around 17,000 jobs. The report was commissioned and funded by the National Cryptocurrency Association, with analysis conducted by Pragmatic Policy Group. Its estimates are based on the US Bureau of Economic Analysis’ 2024 input-output tables and $23.22 billion in crypto industry revenue data, with model assumptions incorporated into occupational structure and industry mapping.

3 hours ago

灰度：若美联储不再加息，比特币或已触底

Zach Pandl, head of research at Grayscale, wrote in a post that the market currently holds two main views on when Bitcoin’s bear market will end: one is adherence to the "four-year cycle" theory, and the other is viewing Bitcoin as a mature asset driven by macroeconomic factors. The "four-year cycle" theory holds that halving events remain the core driver of Bitcoin’s price cycles. Historically, Bitcoin has typically bottomed roughly one year after a cycle peak and about 2.5 years after a halving, with an average cumulative drawdown of around 80%. Based on this pattern, Bitcoin could still decline further in the current cycle and form a bottom in September or October. The other view argues that Bitcoin’s price will, like other major assets, be more influenced by economic growth, real interest rates, and changes in Federal Reserve policy going forward. Past Bitcoin bear markets have typically coincided with slowing economic growth or rising real interest rates, and this current downturn has unfolded against a backdrop of rising rate hike expectations and climbing real interest rates. Pandl noted he leans more toward the macro-driven view. If the Fed stops raising interest rates and economic growth remains stable, Bitcoin’s price may have already bottomed.

3 hours ago

Analyst: Bitcoin shows signs of recovery, but its uptrend remains unconfirmed.

Bloomberg senior ETF analyst Eric Balchunas wrote that since the 250th anniversary of U.S. Independence, Bitcoin has risen around 8% cumulatively, outperforming most assets. Meanwhile, inflows into Bitcoin spot ETFs have started to rebound, with net inflows of roughly $750 million in the past week. Balchunas noted that it is still hard to fully believe this rally has established a stable trend, but it is not unexpected that Bitcoin has rebounded after its prior pullback, adding that its future trajectory remains to be seen. Early Bitcoin holders have been continuously selling assets over the past nine months, which has been weighing on prices; if these holders cease selling, Bitcoin could rally.

3 hours ago

TLDR Table of Contents

TLDRNew Share Sales Add Dilution PressureBitcoin Weakness Amplifies the DeclineEarlier Bitcoin Sales Remain a Sentiment FactorGet 3 Free Stock Ebooks MSTR stock fell 3% as fresh share sales and weaker Bitcoin prices pressured the company’s valuation. Strategy sold 2,732,318 Class A shares and raised about $263.5 million in net proceeds. The company increased its United States dollar reserve to approximately $3.225 billion. Strategy purchased no Bitcoin during the July 13–19 reporting period. Earlier Bitcoin sales funded preferred-stock distributions and strengthened the company’s cash reserves. Strategy held 843,775 Bitcoin at an average purchase price of $75,476. MSTR stock fell 3.0% on Wednesday as fresh equity sales and weaker cryptocurrency markets weighed on trading. MSTR stock declined after the company disclosed another large issuance under its active at-the-market program. The latest filing also showed no Bitcoin purchases, sharpening attention on Strategy’s changing capital priorities.

Strategy Inc, MSTR

New Share Sales Add Dilution Pressure Strategy sold 2,732,318 Class A shares between July 13 and July 19, according to Monday’s regulatory filing. The sales produced about $263.5 million in net proceeds for the company’s expanding United States dollar reserve. MSTR stock faced renewed dilution pressure because the transaction increased the number of common shares available.

The company completed the sales through its existing at-the-market offering programs rather than a single underwritten transaction. Strategy can therefore raise funds gradually, although each issuance reduces existing shareholders’ proportional ownership. That structure has supported Bitcoin purchases before, but recent proceeds have strengthened liquidity instead.

Strategy reported a cash reserve of approximately $3.225 billion following the latest round of common stock sales. The larger reserve supports preferred dividends, debt interest, and other corporate obligations during volatile market conditions. However, MSTR stock received no immediate support from a new Bitcoin acquisition announcement.

Bitcoin Weakness Amplifies the Decline Bitcoin traded under renewed pressure during Wednesday’s session, while broader risk assets also moved lower. Strategy’s market value often reacts sharply because its balance sheet holds substantial exposure to the cryptocurrency. Consequently, MSTR stock extended losses as Bitcoin failed to establish stronger upward momentum.

Strategy held 843,775 Bitcoin as of July 19, with an aggregate purchase cost of $63.69 billion. The company reported an average acquisition price of $75,476, including fees and related expenses. MSTR stock therefore remains sensitive to Bitcoin movements below the company’s average purchase level.

The filing showed that Strategy purchased no Bitcoin between July 13 and July 19. That pause separated the latest equity issuance from the company’s traditional pattern of funding additional cryptocurrency purchases. As a result, MSTR stock reflected both weaker Bitcoin trading and limited treasury expansion.

Earlier Bitcoin Sales Remain a Sentiment Factor Strategy sold 3,588 Bitcoin for about $216 million between June 29 and July 5. The company directed those proceeds toward preferred distributions and reserve funding instead of further Bitcoin accumulation. That transaction changed expectations surrounding Strategy’s long-standing approach to its digital asset holdings.

The company also recorded an $8.32 billion digital asset loss during the second quarter. That accounting charge reflected Bitcoin’s market decline and added pressure to reported financial performance. Meanwhile, MSTR stock continues trading below levels reached before the cryptocurrency market weakened.

Insider activity has also leaned heavily toward sales during the past six months, according to Quiver Quantitative. Still, recent analyst coverage included two buy ratings and no reported sell ratings for MSTR stock. MSTR stock ended Wednesday lower as dilution, Bitcoin weakness, and reserve priorities shaped the latest session.

Crypto entrepreneurs Tyler and Cameron Winklevoss donated over $10 million after liquidating Bitcoin to American super PAC MAGA Inc., which supports President Donald Trump. 

A Tuesday filing shows each twin — the founders of the public crypto exchange, Gemini — donated over $5 million each. 

The donation comes about one month after the U.S. Commodity Futures Trading Commission asked a judge to vacate the agency’s $5 million penalty against Gemini.

The twins back in 2024 announced that they had donated 30.94 Bitcoin, valued at over $2 million at the time, to President Trump’s campaign, claiming it would “put an end to the Biden Administration’s war on crypto.” 

During the Biden Administration, regulators cracked down hard on crypto exchanges — including Gemini — but since President Trump took office, a number of lawsuits have been scrapped. 

MAGA Inc. has raised over $400 million in fresh cash ahead of November’s midterm elections. 

The Winklevoss twins are Bitcoin OGs The Winklevoss Twins — who claimed they played a part in the creation of Facebook — founded crypto exchange Gemini in 2014 after being early Bitcoin backers.

Crypto industry observers have long speculated that the twins are two of the biggest Bitcoin holders in the space. 

The twins have long praised President Trump’s pro-Bitcoin and pro-business stance, claiming it’s crucial for the future of the crypto industry in the country. 

Tyler in particular emphasized the need for a political shift to prevent further harm to the industry and to restore an environment conducive to innovation and economic growth.

“President Donald J. Trump is the pro-Bitcoin, pro-crypto, and pro-business choice,” he said back in 2024. “This is not even remotely open for debate. Anyone who tells you otherwise is severely misinformed, delusional, or not telling the truth.”

Back in May, Gemini shares jumped over 20% in after-hours trading after the Winklevoss twins announced a $100 million Bitcoin-funded investment in the company alongside Q1 earnings showing 42% year-over-year revenue growth. 

The quarter’s results included a narrowed net loss of $109 million and a sharp rise in services and credit card revenue, though trading volumes had fallen from a year earlier following Bitcoin’s crash from its October peak. 

The rally followed months of turmoil for Gemini, including layoffs, executive departures, shareholder lawsuits, and a stock price that had dropped more than 89% from its IPO high, partly offset by a CFTC derivatives license granted in April.

Mathew Di Salvo

Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.

Eric Balchunas, a seasoned expert from Bloomberg, has analyzed recent developments in the Bitcoin market.

While Bitcoin is showing signs of recovery recently with its recent rise and renewed capital inflows into spot ETFs, analysts say it’s too early to say whether the current movement has turned into a permanent uptrend.

Bloomberg Senior ETF Analyst Eric Balchunas said Bitcoin has gained approximately 8 percent in value since the 250th anniversary of US independence, outperforming many assets during that period.

Balchunas noted that, in parallel with the recovery in BTC price, demand for spot Bitcoin ETFs traded in the US has also strengthened again. According to the data, spot Bitcoin ETFs recorded net inflows of approximately $750 million in the last week.

However, Balchunas stated that it is difficult to be entirely confident that the current upward movement will be permanent. He noted that a recovery in Bitcoin after the previous sharp pullback was not surprising, but added that the price’s future direction is not yet clear.

According to Balchunas, one of the most significant pressures on the Bitcoin price has been the selling by early investors who have been in the market for a long time. He stated that the selling by long-term BTC holders, which has been ongoing for about nine months, has put pressure on the price, and that Bitcoin could experience a stronger recovery if these investors stopped selling.

*This is not investment advice.

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TLDR Bitcoin outperformed major equity indices for a second week despite higher oil prices and Iran-related tensions. Glassnode identified the $69,000 Short-Term Holder Cost Basis as Bitcoin’s key resistance level. A major demand zone near $63,000 continues to provide strong support below the current price. US spot Bitcoin ETF flows turned positive after sustained redemptions during June. Exchange inflows declined sharply, reducing immediate sell-side pressure across trading platforms. According to a Glassnode report, Bitcoin outperformed major equity indices for a second week despite an oil-driven geopolitical shock. The Bitcoin market recovery now faces a decisive test near $69,000, where recent buyers approach break-even. Improving ETF demand and cheaper hedging support the advance, although broad on-chain accumulation remains absent.

Bitcoin Holds Firm as Macro Pressure Persists WTI crude jumped after escalating tensions involving Iran, while the S&P ended lower and European shares remained flat. Bitcoin absorbed the same risk shock and continued rising, outperforming both equity benchmarks for another week. Glassnode linked this resilience to fewer active marginal sellers during the latest Bitcoin market recovery.

Core inflation produced its first downside reading in five months before the Federal Reserve’s next policy meeting. The federal funds rate remains more than one percentage point above core inflation, keeping monetary policy firmly restrictive. Any change in rate guidance could support Bitcoin, but Glassnode reported no confirmed policy shift.

Meanwhile, the 10-year Treasury yield approached recent highs, although the dollar stayed below its winter peak. The report identified yields above 4.45% and the dollar index above 99 as major market constraints. The Bitcoin market recovery continues under long-term rate pressure, even as dollar conditions become less restrictive.

On-Chain Data Defines Bitcoin’s Decision Zone Bitcoin moved toward the Short-Term Holder Cost Basis near $69,000 after rebounding from its late-June low. That level represents the average break-even point for buyers entering during the previous five months. A successful reclaim could strengthen the Bitcoin market recovery because supply remains relatively thin toward the $84,000 area.

Below spot, Glassnode identified a major demand shelf near $63,000, covering roughly one-tenth of circulating supply. Proximity-weighted cost data shows support below spot has recently exceeded resistance above the market. This shift provides firmer nearby support, although Bitcoin has not resolved the overhead barrier.

Short-term holder supply in profit remains below the 54% threshold associated with stronger selling pressure. Short-Term Holder SOPR also stabilized near break-even, while exchange inflows declined steadily from their early-June peak. These readings support the Bitcoin market recovery because neither profit-taking nor exchange deposits have rebuilt substantially.

ETF Flows and Derivatives Confirm Improving Demand United States spot Bitcoin ETF flows turned positive after persistent redemptions during June. The change added a direct spot bid to a rebound that derivatives had previously led. The Bitcoin market recovery now has institutional support.

Source: Glassnode

Bitcoin also moved above aggregate options max pain after remaining below that level during earlier weakness. Meanwhile, one-week 25-delta skew fell to its lowest level in several months as demand for protection weakened. These changes support the Bitcoin market recovery without showing aggressive leverage or excessive perpetual funding.

Accumulation has narrowed mainly to wallets holding between 1,000 and 10,000 BTC. Altcoins also lost ground against Bitcoin, while Glassnode’s Market Compass continued showing an overall risk-off regime. Wider wallet participation remains the missing confirmation for the Bitcoin market recovery despite improving cycle and derivatives readings.

Bitcoin is once again teetering on the edge of a significant resistance zone at $70,920. After a notable climb from a slump to around $60,000, Bitcoin enthusiasts are on high alert, as this level has repeatedly acted as an imposing ceiling.

In English: The $70,920 resistance is where Bitcoin is expected to hit a wall as traders look to take profits. Expectations are not just a hunch. Trading patterns indicate that many investors are cashing in, which might restrict Bitcoin’s journey to new highs.

Selling pressure intensifies Let’s dive into the details. Long-term Bitcoin holders, often the stoic mountaineers in the crypto landscape, are opting to sell during these bounces. This trend isn’t helping Bitcoin’s case for a full-fledged rally, instead creating a heavy sell pressure.

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Bitcoin is currently circling the $64,000 to $65,000 mark. If investor demand wavers, we might see a slide towards the $53,000 level. What’s causing such cautious behavior? It seems market participants are on the lookout for a ‘dead cat bounce’—that’s a temporary recovery in prices that might mislead traders into thinking the downtrend is over when it’s not.

The options trading gambit In the world of crypto derivatives, action is heating up. Options traders have thrown down almost $2.5 billion in bets on Bitcoin hitting $72,000 by the end of July 2026. This surge in interest is coinciding with an upcoming Federal Reserve meeting, adding another layer of intrigue and potential volatility.

Despite these optimistic wagers, a bearish atmosphere has been prominent in 2026, with Bitcoin struggling to hold onto $70,000—mainly due to ETF outflows that sent the price tumbling.

Market outlook and investor strategy The current Bitcoin climate paints a picture of cautious optimism. Significant hurdles like the aforementioned resistance and long-term holders offloading their coins mean that bullish momentum is currently on thin ice. Investors and traders are keenly watching for any break above $70,000, as it could spark a buying frenzy led by option traders geared up for a rally.

However, no rally is without a risk. Without fresh catalysts, such as renewed excitement around Bitcoin ETFs or positive regulatory actions, the odds of a slip are ever-present. Timing is crucial—watch for the intersection of on-chain behaviors and wider market narratives which could signal the next big move.

In summary, while Bitcoin aims for the sky, the clouds of resistance are real and persistent. Investors would do well to keep a close eye on macroeconomic triggers and market sentiment cues to navigate this turbulent phase.

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

After Bitcoin surged above $66,000, reaching its highest level in the past month, analysts noted that the $68,000 level could be a critical resistance point. According to experts, Bitcoin testing this region for the first time could create significant selling pressure as investors nearing their cost basis begin to sell.

Spot Bitcoin ETFs traded in the US recorded net inflows of $203 million yesterday, extending their positive streak for the sixth consecutive trading day. This brings the total net inflow since July 13 to approximately $779 million. Spot Ethereum ETFs also saw inflows of $37.5 million on the same day, marking a third consecutive day of positive trading.

Bitfinex analysts stated that the next significant level for Bitcoin is $68,000. They noted that this region coincides with the average cost level for short-term investors and the opening price of the second quarter. According to the analysts, investors who bought Bitcoin in the last five months and are still at a loss may choose to sell as the price rises back to their cost levels. Therefore, a strong supply is likely to be encountered during the first test of $68,000.

Vetle Lunde, Head of Research at K33, stated that Bitcoin trading volumes continue to remain seasonally low. According to Lunde’s data, as of July 19th, the 30-day spot trading volume was only 62.4% of the annual average.

Institutional investor activity in the futures market also remains weak. Bitcoin open interest on the CME stayed below 100,000 BTC throughout July, reaching its lowest level since October 2023. This indicates that institutional participation has not yet recovered strongly. While ETF inflows improved during the same period, flows were largely driven by BlackRock’s IBIT fund.

CapitalCom analyst Daniela Hathorn considers the $63,000 level a significant support point in the short term. According to Hathorn, if Bitcoin remains above this level and settles back above the $65,000-$66,000 range, it could strengthen the upward momentum. Conversely, a loss of the $63,000 support could lead to increased profit-taking by investors, creating renewed pressure on the price.

*This is not investment advice.

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https://www.coingecko.com/learn/what-is-ostium-rwa-crypto

Ostium, an Arbitrum-based platform specializing in perpetuals, is set to resume operations on July 23 following a significant security breach. The platform had paused its services after a $23.8 million exploit impacted its liquidity-provider vault on July 15. Ostium has assured that market participants’ margins and open positions were unaffected and will be reinstated at the prevailing market prices upon reopening. This move marks Ostium’s transition from addressing the security breach back to regular operations, after dealing with an oracle and off-chain infrastructure compromise.

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Key Takeaways Ostium’s reopening appears to be consistent with restoring confidence in its platform, following assurances on market positions. Market pricing suggests a cautious sentiment; while the Bitcoin market remains mostly stable, uncertainties surrounding Ostium’s reopening could affect short-term sentiment. The exploit incident may indicate potential vulnerabilities in similar platforms, prompting increased scrutiny and security measures across the industry. What to Watch Market participants will observe how Ostium’s reopening influences overall market sentiment, especially in relation to Bitcoin’s price stability. The current odds suggest strong support for Bitcoin maintaining levels above $54,000 by July 23, but any renewed concerns could impact these probabilities. Close attention will be paid to any announcements from key figures such as U.S. Spot BTC ETF Managers and regulatory bodies which could sway market dynamics further.

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Term Structure

Contract Odds Δ since publish Volume 24h July 23 2026 99.9% — — View market → July 23 2026 99.8% — — View market → July 23 2026 94.5% — — View market → July 23 2026 2.6% — — View market → July 23 2026 0.1% — — View market → July 23 2026 99.9% — — View market → July 23 2026 99.9% — — View market → July 23 2026 99.6% — — View market → July 23 2026 40.5% — — View market → July 23 2026 0.2% — — View market → July 23 2026 0.1% — — View market →

In brief Bitcoin is trading at $66,208 after the daily 200 EMA held as a floor following a crash to the $53K–$54K range. The death cross—50 EMA below 200 EMA—is still active on the daily chart. On Myriad, 64.6% of traders bet Bitcoin hits $55K before $84K—consistent with the technical picture and a 900-hour negative Coinbase Premium streak. The crypto market has been watching Bitcoin very carefully this week, and for once, what it found on the chart was at least partly reassuring.

Bitcoin has clawed back to $66,347 as of Wednesday afternoon after testing lows near $58,000 in recent weeks. The 200-period exponential moving average held as support and the so-called death cross on the chart that traders have been watching seems to be getting just a bit thinner, sparking hopes of a crossover into a golden cross in the upcoming months.

The macro backdrop, however, isn't helping clarity.

U.S. stocks opened with a mixed bag on Wednesday as investors braced for major tech earnings from Alphabet and Tesla. The S&P 500 dipped 0.16% at the bell while the Nasdaq fell 0.56%, as caution built across Wall Street ahead of the AI-spending results that could define the market's next move. The Crypto Fear & Greed Index sits at 33—cautious, not panicked, which is its own kind of impasse.

Two forces are pulling Bitcoin in opposite directions right now. On the bullish side, Treasury Secretary Scott Bessent told lawmakers the Clarity Act is at the "1-yard line"—the long-stalled crypto market structure bill that would resolve the SEC vs. CFTC jurisdiction fight—and urged Congress to pass it before the August 7 recess.

On the bearish side, the Coinbase Premium Index—which tracks whether U.S. institutional buyers are paying a premium over global retail prices—has been negative since May. As Decrypt reported last week, Daniela Hathorn, senior market analyst at Capital.com, reads that kind of persistent institutional caution as "a broader bout of risk aversion rather than a deterioration in crypto-specific fundamentals." Macro-driven, in other words. Not panic. But also not buyers.

Bitcoin price: The 200 EMA earned its keep

Bitcoin's daily candle on July 22 opened at $66,520, hit a high of $66,698, dipped to $65,488, and is printing near $66,208—down 0.47% on the day. The 24-hour range is tight, but a strong support around the $65,000 held strong.

The coin bounced near that area to its current prices.

Bitcoin price data. Image: TradingviewThe EMA is a moving average that weighs recent prices more heavily. The 200-day version is basically the big-picture trend. When Bitcoin crashes toward this line and buyers step in, it tells you there's real demand at that floor. That's what happened here. The 200 EMA held, and Bitcoin recovered. For long-term holders who were watching the chart go vertical-down, that's a signal to consider.

But the EMA structure is still structurally bearish. The chart shows the 50-day EMA sitting below the 200-day EMA—the formation traders call a death cross. A death cross means the shorter-term average trend is weaker than the longer-term trend. Another way to put it is long-term holders are losing more money than shorter-term holders, because they bought the asset earlier at higher prices.

The Average Directional Index, or ADX, is at 19.5. ADX measures the strength of a trend on a scale of 0 to 100—it says nothing about direction, only conviction. Readings below 25 are typically classified as "no trend" territory. At 19.5, Bitcoin is firmly in that zone. There's movement, but no momentum. But this is actually not bad news for traders: Considering the coin is in a bearish trend, a low ADX means the crash is losing strength.

The RSI at 59.9 is the clearest positive signal on the dashboard. The Relative Strength Index measures buying momentum from 0 to 100. Below 30 is oversold; above 70 is overbought. At 59.9, Bitcoin is in bullish territory—above the neutral 50 line—without being stretched enough to trigger automatic selling by momentum traders. There's still room to run before the chart starts flashing red on the upside.

On Myriad, the prediction market built by Decrypt's parent company Dastan, traders are drawing a precise line for this Sunday. The market prices just 19% odds that Bitcoin clears $68,000 by July 26 at 4PM UTC. The $66,000 market is basically a coin flip, with traders leaning slightly bullish at 55%. Traders, at least right now, think the current range holds. That tracks with the low-ADX, squeeze-forming technical picture: something is coming, but maybe not by this weekend.

On the longer-term Bitcoin market on Myriad,, the picture is still skeptical with traders pricing in 64.6% odds on a dump to $55K before a pump to $84K. That's a meaningful majority calling the bear case. It's consistent with the negative Coinbase Premium, the death cross still printing on the daily, and the weak ADX reading that says this rally hasn't earned conviction yet.

The bullish argument rests on three things: the 200 EMA held its support, RSI is above 50 with room to run, and the Clarity Act is closer to becoming law than at any point this year.

A favorable Senate vote could be the catalyst that finally breaks Bitcoin with enough momentum to trigger a short-liquidation cascade toward $70,000. Bernstein analysts still have a $150K year-end target in play, acknowledging the current level is "ambitious in context of the market correction" but maintaining the thesis.

The bearish argument has more technical weight right now. The death cross is still active. ADX at 19.5 means no real trend momentum is behind this bounce. Nine hundred-plus hours of negative Coinbase Premium signals institutions aren't accumulating. And the squeeze, statistically, may resolve in the direction of the prior trend—which is down.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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Bitcoin [BTC] spot ETF net flows have measured a cumulative $930.39 million since July 14. Data from SoSoValue showed that the BTC spot ETFs have seen net inflows since the 14th of the month.

It was the first time since May that the inflows streak was maintained for over five successive days.

Pessimism reigns supreme despite ETF flow shift Technical indicators flashed a long-term buy signal for Bitcoin. Yet, liquidity posed a serious challenge to any attempt at recovery, AMBCrypto reported.

A price breakout without fresh liquidity in the form of stablecoin netflows was not indicative of a macro bottom for BTC.

Source: CryptoQuant Crypto analyst Darkfost observed that the Coinbase Premium Gap has been negative since the 6th of May. This represented the highest level of pessimism in two years.

Coinbase premium refers to the difference in Bitcoin prices between Coinbase Advanced, where institutions and professionals trade, and Binance, which is retail-dominated.

A negative trend implies steady selling pressure from smart money, despite the attempted rallies toward $70k over the past month.

The analyst concluded that investors would choose to limit risk when macroeconomic or geopolitical factors were unstable, as they have been in recent months.

Leverage is gradually leaving the Bitcoin market The price of Bitcoin has gradually been rising since July 1, when the price reached a swing low of $57,800. The gains since then have been accompanied by a decline in realized volatility.

Source: Axel Adler Jr. Crypto analyst Axel Adler Jr. used the 1-week realized volatility, smoothed by the 30DMA, compared to Bitcoin’s price and its 200DMA.

Since 2016, 92% of trading days have seen higher realized volatility than the current levels.

The falling realized volatility alongside rising prices meant that the most recent price bounce came without any sharp price swings.

Source: Axel Adler Jr. The Open Interest to market capitalization ratio measures if the derivatives share is rising or falling compared to price trends. It shifted negatively in early July and has been negative for 21 consecutive days.

The decline suggests derivatives leverage has continued falling even as Bitcoin recovered, reducing the immediate risk of a large liquidation-driven move. Compared to a month ago, the threat of a liquidation cascade was lower due to these factors.

The analyst concluded that the market is in a low-activity phase. A sustained price move beyond $66k-$72k, alongside further derivatives reduction, is needed to give a major signal of market recovery.

Final Summary Bitcoin ETF inflows were improving, and its realized volatility was falling. The derivatives leverage was in decline as prices advanced higher, but a breach of $66k-$72k is needed to majorly reduce the threat of further bearishness in the long-term.

Key Takeaways SoundHound is expanding restaurant automation with OASYS across drive-thrus, kiosks, phones and chat.AI-enabled drive-thru locations generated higher revenues for a major QSR customer than comparable stores.First-quarter 2026 revenues rose 52%, while cash reached about $216 million with no debt. SoundHound AI (SOUN - Free Report) is strengthening its position as a leading provider of AI-powered restaurant automation, making 2026 an important year for the company. While SoundHound is still expanding beyond its automotive roots, its growing traction in restaurants, combined with new agentic AI capabilities, could make it one of the industry's key disruptors.

A major catalyst is SoundHound's newly launched OASYS platform, a self-learning agentic AI system that allows businesses to build, deploy and continuously improve AI agents across drive-thrus, kiosks, phones, web, chat and other customer touchpoints. This unified platform significantly reduces deployment time while enabling restaurants to automate ordering, customer service and workflow management with minimal manual intervention.

The company's restaurant momentum is also becoming increasingly tangible. Management noted that a major quick-service restaurant (QSR) customer found AI-enabled drive-thru locations generated higher revenues than comparable stores without SoundHound's technology. The company also reported rising cross-selling opportunities among restaurant customers and growing adoption of its Voice Insights analytics platform, suggesting that customers are expanding beyond initial deployments.

Another potential growth driver is the planned acquisition of LivePerson. Once completed, the transaction will combine SoundHound's voice AI with LivePerson's digital messaging capabilities, enabling restaurants to offer seamless customer interactions across voice, text and chat. The acquisition is also expected to expand cross-selling opportunities while broadening the company's enterprise customer base.

Financially, SoundHound appears well positioned to support these initiatives. First-quarter 2026 revenues rose 52% year over year to a record level, the company ended the quarter with approximately $216 million in cash and no debt, and management reaffirmed its full-year revenue outlook of $225-$260 million.

Although continued losses and execution risks around integrating LivePerson remain challenges, SoundHound's expanding restaurant footprint, differentiated voice AI technology and growing enterprise ecosystem position it well to become a meaningful force in restaurant automation during 2026.

Restaurant AI Competition Is IntensifyingNCR Voyix (VYX - Free Report) is one of SoundHound's strongest competitors in restaurant automation due to its extensive restaurant software ecosystem spanning point-of-sale, payment processing, self-service kiosks and digital ordering. NCR Voyix has deep relationships with leading restaurant chains and continues to enhance its AI-driven ordering and operational capabilities.

While NCR Voyix primarily focuses on restaurant commerce infrastructure, it is still expanding its conversational AI capabilities. This creates an opportunity for the company to compete directly with SoundHound as restaurants increasingly seek integrated voice-enabled ordering and customer engagement solutions.

Par Technology (PAR - Free Report) is another major rival, offering cloud-based restaurant management software, digital ordering, loyalty programs, back-office solutions and restaurant analytics. Through acquisitions and continued product development, Par Technology has built a comprehensive platform serving thousands of restaurant locations.

As restaurants increasingly adopt AI to improve order accuracy, labor productivity and customer experience, Par Technology is embedding more automation across its software suite. While Par Technology offers a broad restaurant operating platform, SoundHound differentiates itself with its proprietary voice AI, agentic AI platform and drive-thru automation capabilities, positioning the company to capture a larger share of AI-first restaurant deployments.

SOUN’s Price Performance, Valuation & EstimatesSoundHound shares have lost 34.2% year to date (YTD), underperforming the industry, as shown below:

SOUN’s YTD Price Performance

Image Source: Zacks Investment Research

From a valuation standpoint, SOUN trades at a forward price-to-sales (P/S) multiple of 11.18, slightly above the industry’s average.

SOUN’s P/S Ratio (Forward 12-Month) vs. Industry

Image Source: Zacks Investment Research

Over the past 60 days, the Zacks Consensus Estimate for SoundHound’s 2026 loss per share has remained unchanged at 18 cents, as shown below. The expected loss also remains wider than the previous year’s loss of 13 cents.

EPS Trend of SOUN Stock

Image Source: Zacks Investment Research

Financial markets run on speed, often pricing in geopolitical shifts fractions of a second before standard retail feeds register a headline. For high-frequency trading firms and quantitative hedge funds, paying a steep premium for a latency advantage can be a required cost of doing business.

Trump Media & Technology Group Today

DJT

Trump Media & Technology Group

$9.14 -0.69 (-6.98%)

As of 03:39 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$6.96▼

$20.17 Trump Media & Technology Group NASDAQ: DJT plans to launch Truth API—a licensed data feed that will automatically deliver verified Truth Social posts to institutional customers in milliseconds—on Aug. 1, 2026.

The prevailing narrative surrounding Trump Media historically centers on its consumer-facing social network and the associated retail user base.

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The fundamental reality of operating an advertising-supported consumer platform has proven exceptionally challenging in the current macroeconomic environment.

Building an infrastructure to support millions of free users requires immense capital, often leading to severe margin compression before a platform ever achieves true scale.

Trading Pennies in Ad Spend for Six-Figure ContractsEvaluating Trump Media through a traditional fundamental lens requires addressing the immediate financial metrics.

Trump Media generated $3.68 million in total revenue during 2025, with first-quarter 2026 revenue coming in just over $870,000. The trailing 12-month net margin is deeply negative at 29,103%, which is difficult to interpret, given the company’s unusually small revenue base and the fact that its 2025 loss included substantial investment-related losses. Valuing an enterprise with a $2.6 billion market capitalization against those distinct sales figures yields a price-to-sales ratio that defies standard value investing principles.

The Truth API marks a structural pivot aimed at rectifying those exact metrics. Instead of chasing fractions of a cent in retail ad spend, Trump Media is adding an enterprise software-as-a-service model. The machine-readable feed will give institutional clients machine-readable access to posts from 10 influential Truth Social accounts within milliseconds of publication. The service will reportedly cost up to $100,000 per month, or $60,000 per month with a three-year commitment.

The unit economics here could materially alter the fundamental outlook for Trump Media. Securing just four enterprise clients at the premium tier would yield $4.8 million annually, instantly outpacing the entire gross revenue Trump Media generated in 2025. This could redefine the path to profitability, shifting the focus away from mass-audience acquisition toward specialized B2B data licensing.

High Beta Meets High-Margin Revenue GrowthPricing market-moving information requires historical context. A Truth Social post regarding international tariffs in April 2025 triggered a 9.5% single-day rally in the broader index, while statements on U.S.-Iran relations in March 2026 caused immediate price dislocations in the crude oil market. Algorithms executing trades milliseconds ahead of standard public feeds form the core value proposition for prospective Truth API buyers.

Trump Media & Technology Group Corp. (DJT) Price Chart for Wednesday, July, 22, 2026

Trump Media currently trades around $9.40. Trading dynamics reveal a high beta of 4.10, indicating DJT moves with over four times the volatility of the broader market.

This metric pairs with a heavily bearish short-interest profile. When fundamental shifts occur in highly shorted equities, the mechanics for a sharp upside price dislocation become a distinct possibility. If the upcoming API launch produces material revenue news, it could force short sellers to cover their positions and the resulting buy-side pressure could be aggressive.

Trump Media also authorized a $400 million share repurchase program in June 2025, permitting the buyback of up to 10.2% of outstanding shares at the time. This authorization acts as a potential floor against further margin compression, providing potential capital support just as the new revenue model comes online.

Current top-tier institutional positioning remains negligible at around 4.3%, with funds like Handelsbanken Fonder AB holding just 0.02% of shares. Demonstrating repeatable enterprise software revenue is often the primary vehicle for attracting broader institutional capital, which could help stabilize a volatile shareholder base over the long term.

Mitigating Digital Risks With Hard Asset InvestmentsEvaluating a specialized data provider requires a critical look at the underlying asset. The inherent vulnerability for Trump Media is key-person concentration risk. The API's demand elasticity relies on one specific account continuing to bypass standard press channels in favor of exclusive social media disclosures. If regulatory interventions or ethics litigation compel simultaneous public disclosure of presidential policies, the latency edge could narrow or disappear.

Trump Media appears to recognize these structural vulnerabilities and is actively deploying capital to offset them. Recent corporate announcements confirm the settlement of critical legacy legal disputes, reducing legal uncertainty.

More critically, emerging reports indicate an aggressive capital deployment strategy outside the digital media sector, specifically eyeing nuclear energy investments. Trump Media has agreed to an all-stock merger with fusion developer TAE Technologies. The transaction remains pending, but if completed, it would move the company well beyond digital media. It would, however, add significant execution, financing, and commercialization risk.

Diversifying into hard assets while operating a high-margin data licensing business creates a much more resilient financial profile than operating a standalone social media application.

Trump Media also recently transferred 2,650 Bitcoin, valued at nearly $205 million, to Crypto.com, reflecting a high-risk tolerance in treasury management that strays far from traditional cash equivalents.

Watching for Material Revenue ConfirmationAdding an institutional data feed to a consumer network is a complex endeavor.

Demand for a six-figure social media feed remains unproven, especially when comprehensive institutional data terminals from established financial data providers cost a fraction of the quoted price for the Truth API. Quantitative funds will rigorously test the feed's latency against traditional scraping methods before committing to long-term enterprise contracts.

The optionality embedded in the Trump Media data extends well beyond immediate trading latency. Trump Media indicated an intent to explore licensing the platform's historical text archives to artificial intelligence (AI) developers. Training large language models requires vast amounts of proprietary conversational data, creating an additional scalable revenue stream not tied solely to daily market volatility.

If Trump Media packages its archives for AI model training, the total addressable market expands well beyond the specialized high-frequency trading niche.

Investors might consider watching for evidence that the Truth API can produce material, repeatable revenue in upcoming quarterly filings. Disclosed contract values, enterprise customer acquisition rates, and any materialized AI licensing agreements offer the clearest evidence that Trump Media is building a scalable business.

Cautious market participants may prefer to wait for official revenue confirmation from the API launch before allocating capital, while those with a higher risk tolerance may want to closely monitor the mechanics of underlying volatility as the August rollout approaches.

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XRP (CRYPTO: XRP) whale selling on Binance hit its lowest level since January 2025, a sign the heaviest sellers are stepping back as yesterday’s triangle breakout holds.

What The Whale Data Is Showing?Crypto analyst Darkfost tracked XRP whale inflows to Binance falling from a peak of 583 million XRP worth roughly $1.36 billion down to just 25.3 million XRP worth around $23 million, according to his X post. 

The 90-day average confirms the same trend, sliding from $460 million in January 2025 to $69 million today.

Darkfost called this the first essential stage of a recovery — the largest sellers are running out of steam. 

What comes next is the harder part: a genuine return of buying demand to turn the price consolidation around $1 into something more durable.

XRP ETFs Show Broadening Institutional ParticipationMoreover, total XRP ETF net assets pushed through $1.06 billion across the two sessions according to SoSoValue data.

Two different issuers driving consecutive days of inflows point to broadening institutional participation rather than a single player acting alone.

Can XRP’s Triangle Breakout Hold?Yesterday’s breakout above the symmetrical triangle that contained XRP’s entire July consolidation remains confirmed, with price still holding above the breakout zone despite today’s pullback. 

The Parabolic SAR flipped bullish at $1.0609, well below current price, confirming the trend change is genuine.

Price is currently consolidating between the 0.382 Fibonacci level at $1.1153 and the 0.5 level at $1.1465, exactly where bulls need to hold to keep the structure intact. 

Pullbacks into broken resistance after a clean breakout are normal behavior, not a warning sign.

Fibonacci targets on continuation remain unchanged: $1.1822 — 0.618 Fibonacci, first target $1.2299 — 0.786 Fibonacci, major target $1.2906 — 1.0 Fibonacci, full recovery Key levels for XRP: $1.1451 — 50-day EMA, resistance being tested on the pullback $1.1086 — 20-day EMA, immediate support $1.10 — breakout zone floor; losing this on a daily close puts the breakout back under question Photo via Shutterstock

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Table of contents

XRP’s push back above $1.16 on Tuesday didn’t come out of nowhere. On-chain wallet flows tracked by the Santiment update show a clear divergence that historically favors prices: larger holders are quietly adding, while the smallest wallets are reducing exposure. The behavior lines up with a market structure where conviction is concentrating among better-capitalized participants.

Whales and sharks—addresses holding between 100,000 and 100 million XRP—expanded their collective bags by 2.8% over the past five weeks. That accumulation sprint coincides with the asset reclaiming levels not seen in months. On the other side, micro wallets containing less than 0.01 XRP dumped 5.2% of their holdings during the same period. It’s a split that tends to matter, because XRP’s price has more often tracked the behavior of key stakeholders than the tiniest retail cohorts.

The Wallet Divide: Whales Accumulate, Micro Holders Flee This isn’t about small retail sentiment alone. When high-balance cohorts increase exposure while dust wallets exit, the supply typically moves into hands that are less sensitive to short-term noise. Santiment notes that XRP has historically rewarded this kind of setup, and the current bounce looks justified when measured against the accumulation trend. It also means the upward move has internal support beyond a simple speculative pump.

Still, on-chain signals aren’t a guarantee. The metric captures a snapshot over five weeks, not a sudden burst of buying. The 2.8% addition is meaningful in aggregate, but the pace matters. If the same wallets pause or begin offloading, the floor could look softer. What traders might be watching now is whether that whale cohort continues to hold or builds further, because the micro-wallet exit alone doesn’t carry the same directional weight.

What’s Driving the Shift Beyond the Charts The internal accumulation fits a broader narrative. XRP’s regulatory overhang with the SEC is largely resolved, and institutional access through XRP ETF products is no longer a far-off concept. The XRP Ledger continues to see utility around payments and tokenization, including the RLUSD stablecoin, keeping the asset in focus. The real-world asset tokenization momentum across the industry adds a plausible fundamental layer to why larger wallets might be positioning now rather than later.

At the same time, broader blockchain developer activity remains concentrated on a handful of networks, and XRP’s long-term value hinges on whether the ledger can convert institutional interest into sustained on-chain usage beyond speculative flows. The Santiment data gives a short-to-medium-term bullish signal, but the path from accumulation to a durable market shift still requires consistent utility and liquidity. For now, the wallet split offers a fairly clean read: the bigger money is leaning in while the smallest players step back.

AUTHOR

Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.