Blockonomi

TLDR:
Bitcoin’s net capital flow divergence has returned, echoing the signal seen near the 2022 cycle bottom.
A 157-day futures basis drought now ranks as Glassnode’s second-longest period below Treasury yields.
Bitcoin trades just above its $63,777 200-week SMA, a level repeatedly linked to past cycle recoveries.
Three independent indicators now converge, but none confirms that Bitcoin’s final market bottom is in.
Bitcoin is showing several market-bottom indicators that previously appeared near major cycle turning points, according to data shared by Ali Charts and Rand Group. The signals combine weakening net capital flows, unusually subdued futures returns, and Bitcoin’s proximity to its long-term 200-week simple moving average.
Net Capital Flows Recreate a 2022 Divergence
Ali Charts highlighted a bullish divergence between Bitcoin’s price and net capital flows, describing it as the same pattern seen near the 2022 cycle bottom. During that earlier period, Bitcoin traded near $15,000 before beginning a sustained advance that eventually reached $126,000, representing an approximately eightfold increase.
BITCOIN MARKET BOTTOM
The last bullish divergence between the $BTC price and Net Capital Flows marked the cycle bottom.
What followed was a bull run from $15,000 to $126,000.
The same signal is back. https://t.co/SxJ0w635qE pic.twitter.com/suckGSld8s
— Ali Charts (@alicharts) August 5, 2026
Basically, a bullish divergence occurs when price remains weak while an underlying flow indicator improves, showing that selling pressure and capital movement are no longer moving together. Although the current signal does not establish a confirmed bottom by itself.
Instead, it reproduces a relationship that previously appeared as Bitcoin completed its last major bear-market decline. That comparison has gained additional weight from derivatives data, where market activity has remained unusually quiet despite Bitcoin trading far above its 2022 low.
Futures Returns Trail Treasury Yields for 157 Days
Adding to the broader market-bottom comparison, Rand Group cited Glassnode data showing a prolonged decline in Bitcoin futures returns. Bitcoin’s three-month annualized futures basis has remained below the two-year United States Treasury yield for 157 consecutive days.
The futures basis measures the annualized premium available when futures contracts trade above Bitcoin’s spot price. Therefore, a lower basis generally reflects weaker demand for leveraged bullish positions.
Source: X
At the same time, Treasury securities offer investors a competing, relatively low-risk return. Consequently, when Bitcoin’s futures basis falls below government bond yields, institutional traders have less financial incentive to allocate capital to crypto futures.
According to Glassnode’s chart, the current 157-day stretch is the second-longest occurrence recorded in the dataset. The only longer period lasted approximately 160 days between August 2022 and January 2023.
Notably, that earlier stretch coincided with Bitcoin’s cycle-low formation after months of declining prices, institutional failures, and widespread deleveraging across the cryptocurrency market.
Rand Group added that investors who exited Bitcoin during that inactive period subsequently missed an approximately eightfold price expansion. Nevertheless, the historical comparison highlights similarities in market positioning rather than predicting an identical price outcome.
The 200-Week Average Defines the Accumulation Zone
Alongside the derivatives signal, Ali Charts identified the 200-week simple moving average as Bitcoin’s long-term cycle benchmark. The indicator currently stands at $63,777. Meanwhile, Bitcoin traded near $64,620, placing the asset approximately $843 above the moving average and inside a historically important technical area.
https://t.co/1ASER8NcA8
— Ali Charts (@alicharts) June 26, 2026
Bitcoin previously tested this benchmark in August 2015, December 2018, March 2020, and throughout the second half of 2022. Those episodes were followed by reported gains of 8,500%, 267%, 1,125%, and 680%, respectively, although each developed under different market conditions.
Given the possibility of further declines, the analyst’s buying plan involves dollar-cost averaging between $58,000 and $40,000. The strategy also recognizes potential downside targets near $54,000 and $40,000.
More importantly, the indicators complement one another as each measures a different aspect of Bitcoin’s market structure. Capital flows track the movement of money, while the futures basis reflects derivatives positioning. At the same time, the moving average measures Bitcoin’s long-term price trend.
Taken together, the data presents three simultaneous developments: an improving flow divergence, compressed derivatives returns, and a test of a decade-long moving-average benchmark.
However, none of these indicators independently confirms that Bitcoin has established its final market bottom. Instead, their convergence places current conditions near measurable levels associated with the previous cycle’s accumulation phase.
The post Bitcoin’s ‘Dead Market’ Signal Returns as Bottom Indicators Converge appeared first on Blockonomi.

TLDR
Beyond Meat shares fall after Q2 revenue declines 8.2% to only $68.8 million.
Adjusted EBITDA loss widens to $27.7 million as quarterly margins weaken further.
U.S. foodservice revenue plunges 27.6% amid weak demand and fewer locations.
International retail sales rise 16.5% and provide the quarter’s main bright spot.
Beyond Meat guides Q3 revenue to $60 million–$65 million after a weak quarter.
Beyond Meat (BYND) stock fell after the company reported weaker revenue and a wider adjusted EBITDA loss. The stock dropped 3.72% to $0.6101, then slipped 1.66% after hours to $0.6000. The results showed persistent demand weakness across key United States channels throughout the quarter.
Beyond Meat, Inc., BYND
Beyond Meat Q2 Revenue Falls as Product Volume Weakens
Beyond Meat reported second-quarter revenue of $68.8 million, down 8.2% from $75.0 million one year earlier. Product volume fell 9.5%, while net revenue per pound increased 1.3%. Lower demand and fewer distribution points reduced domestic sales and weakened overall quarterly revenue.
United States retail revenue declined 9.9% to $29.6 million during the quarter. Meanwhile, United States foodservice revenue dropped 27.6% to $8.0 million. Weak category demand, higher discounts, and reduced product availability hurt both channels across major customer segments.
International retail revenue delivered the strongest performance and rose 16.5% to $18.5 million. Higher European and United Kingdom sales supported demand for burger, chicken, and ground beef products across several markets. However, international foodservice revenue fell 16.0% after quick-service restaurant customers reduced orders.
Beyond Meat Margins Narrow as Operating Loss Remains High
Gross profit reached $5.9 million, compared with $7.9 million during the prior-year quarter. Consequently, gross margin narrowed to 8.5% from 10.6% one year earlier. China exit expenses added $1.6 million to production costs and reduced reported profitability during the period.
Operating expenses fell to $36.7 million from $45.4 million during the comparable period. An $11.0 million arbitration settlement credit lowered reported operating costs. Even so, Beyond Meat recorded a $30.8 million operating loss despite the settlement benefit.
The operating loss improved from $37.5 million one year earlier because expenses declined and the settlement credit helped. However, adjusted EBITDA worsened to a $27.7 million loss from a $24.7 million loss. The adjusted EBITDA margin also weakened to negative 40.2% from negative 33.0%.
Debt Gain Lifts Net Income as Q3 Outlook Remains Soft
Beyond Meat (BYND) Stock Rockets 14% on Major New York Distribution Partnershipreported net income of $16.4 million, reversing a $31.8 million prior-year loss. A $57.7 million non-cash debt extinguishment gain drove the improvement. However, diluted earnings remained negative at $0.06 per share because of accounting adjustments and share dilution effects.
The company ended the quarter with $186.1 million in cash and restricted cash. Meanwhile, total debt carrying value stood at $323.8 million at quarter-end. Operating cash use improved to $23.2 million from $58.0 million over the same six-month period.
Management expects third-quarter revenue between $60 million and $65 million, below the second-quarter total. Beyond Meat continues restructuring operations, lowering its cost base, and expanding beyond traditional plant-based meat products. The company recently launched Beyond Steak Filet and Beyond Immerse under its broader plant protein strategy.

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TLDR
MercadoLibre revenue jumped 50% to a record $10.2 billion during Q2 2026 alone.
MELI stock fell 4.65% after hours despite strong growth across core divisions.
Mercado Pago payment volume topped $100 billion as active users rose 30% YoY.
Commerce GMV reached $22 billion as Brazil and Mexico delivered solid growth.
Advertising revenue surged 73% as automated tools boosted seller engagement.
MercadoLibre shares gained 1.80% to $1,922.57 before dropping 4.65% after hours to $1,833.13. The reversal followed strong second-quarter growth across commerce, payments, advertising, and technology operations. Still, lower operating margins and sustained expansion spending outweighed the record revenue performance.
MercadoLibre, Inc., MELI
Net revenue and financial income reached $10.2 billion, increasing 50% from the previous year. The result marked 30 consecutive quarters with growth above 30% and the fastest pace in four years. The Latin American commerce and fintech group also surpassed $10 billion in quarterly revenue for the first time.
Operating income reached $683 million, while the operating margin stood at 6.7% during the quarter. Net income totaled $466 million and produced a 4.6% margin despite substantial revenue growth. Spending on shipping, credit cards, product selection, cross-border trade, and memberships limited near-term profitability.
Commerce Growth Accelerates Across Major Markets
Commerce revenue increased 50% to $5.8 billion as demand strengthened across major Latin American markets. Gross merchandise volume reached $22 billion, rising 36% on a currency-neutral basis and 44% in dollars. Total items sold climbed 45% to 795 million, supported by broader selection and faster delivery.
Brazil led regional growth as currency-neutral merchandise volume rose 39% and sold items increased 56%. Mexico recorded 26% merchandise volume growth, while item sales advanced 34% despite tax reform pressure. Argentina delivered 38% merchandise volume growth and 22% higher item sales during weak consumer demand.
Unique active commerce buyers grew 26% to 89 million, while purchases per buyer increased 14%. Brazil’s lower free-shipping threshold continued driving higher purchase frequency, broader category use, retention, and conversion. Furthermore, cross-border merchandise volume rose 60%, while China fulfillment activity expanded 170% from the previous quarter.
Mercado Pago and Advertising Support the Wider Ecosystem
Mercado Pago revenue rose 49% to $4.4 billion as payment activity expanded throughout the region. Total payment volume exceeded $100 billion for the first time, reaching $101 billion after 56% growth. Monthly active fintech users increased 30% to 88 million, led by faster growth in Brazil and Mexico.
Assets under management climbed 68% to $23 billion, while average assets per user increased 29%. The credit portfolio expanded 75% beyond $16 billion, including a $7.7 billion credit card portfolio. MercadoLibre issued 2.6 million cards, while portfolio delinquency remained near historical lows at 7.0%.
Advertising revenue increased 73% in dollars as more sellers used automated campaign and budget tools. Ecosystem users grew 37%, strengthening activity across both MercadoLibre’s marketplace and Mercado Pago services. Additionally, the company completed its upgraded search rollout across five markets, improving conversion and click-through rates.

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TLDR
Figma shares sank 15% after hours despite 48% second-quarter revenue growth.
Q2 revenue reached $370.1 million as growth accelerated for a third quarter.
AI credit monetization expanded, with major customers using credits weekly.
Figma raised its 2026 revenue outlook by $40 million after the strong quarter.
GAAP operating losses and higher spending weighed on the post-earnings reaction.
Figma shares plunged 15.31% after hours to $23.84, despite strong second-quarter revenue growth and higher full-year guidance. The stock had closed 3.80% higher at $28.15 before the earnings release triggered a sharp reversal. The decline followed mixed market reactions to growth, spending, and the company’s outlook.
Figma, Inc., FIG
Figma reported second-quarter revenue of $370.1 million, up 48% from the same period last year. Revenue also exceeded the company’s earlier guidance range and accelerated for a third consecutive quarter. However, the market focused on operating losses and higher spending tied to product expansion.
The company raised its full-year revenue forecast by $40 million after the stronger quarterly performance. It now expects annual revenue between $1.463 billion and $1.467 billion. That range implies 39% growth at the midpoint and reflects continued demand across its platform.
AI Credit Sales Support Customer Expansion
Figma completed its first full quarter of AI credit monetization during the reporting period. More than 80% of larger paid customers used AI credits weekly by June 30. Customers also expanded both seats and paid credit add-ons during the quarter.
Net Dollar Retention Rate reached 136%, showing strong spending growth among existing customers. Figma had 15,964 customers generating more than $10,000 in annual recurring revenue. That customer group grew 34% from the previous year.
Figma also reported 1,635 customers with annual recurring revenue above $100,000. This group expanded 46% year over year and strengthened the company’s enterprise position. The platform now combines collaborative design, coding, prototyping, and agent-based workflows.
Margins Remain Strong Despite Operating Loss
Figma generated GAAP gross profit of $309.6 million during the second quarter. Its GAAP gross margin reached 84%, while non-GAAP gross margin stood at 85%. Gross profit growth accelerated to 40% under both accounting measures.
Figma posted a GAAP operating loss of $117.3 million and a negative 32% operating margin. Higher sales and marketing costs from its Config conference weighed on quarterly profitability. Still, non-GAAP operating income reached $36.1 million with a 10% margin.
Operating cash flow reached $60.9 million, while free cash flow totaled $53.2 million and carried a 14% margin. Figma ended June with $1.7 billion in cash, equivalents, and marketable securities. Third-quarter revenue guidance spans $373 million to $375 million, with annual non-GAAP operating income at $125 million to $135 million.

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TLDR
SoundHound AI stock jumps 13.53% after hours following stronger Q2 results.
Q2 revenue climbs 45% to $61.9 million as enterprise demand gains momentum.
Healthcare, automotive, and restaurant deals strengthen growth across sectors.
Adjusted EBITDA loss narrows 33% as SoundHound strengthens cost discipline.
SoundHound raises 2026 revenue guidance to between $230 million and $260 million.
SoundHound AI (SOUN) shares surged 13.53% after hours to $7.30 following stronger second-quarter revenue and an improved annual outlook. The stock had closed 1.23% lower at $6.43 before reversing sharply after the earnings release. Enterprise deals across healthcare, automotive, restaurants, and telecommunications supported the company’s strongest operating update this year.
SoundHound AI, Inc., SOUN
SoundHound AI Revenue Rises as Losses Narrow
SoundHound AI reported second-quarter revenue of $61.9 million, up 45% from $42.7 million one year earlier. GAAP gross profit increased 68% to $27.9 million, while gross margin improved to 45.1%. Non-GAAP gross profit reached $36.1 million, with margin holding steady at 58.4%.
The company posted a GAAP operating loss of $43.3 million, compared with $78.1 million last year. Its adjusted EBITDA loss narrowed 33% to $9.6 million during the quarter. Meanwhile, the non-GAAP net loss improved 24% to $9.0 million.
GAAP net loss fell to $42.8 million from $74.7 million in the prior-year quarter. GAAP loss per share improved to $0.10, while non-GAAP loss per share reached $0.02. The results reflected higher revenue, tighter cost control, and improved operating efficiency across the business.
Healthcare Auto and Restaurant Deals Drive Growth
SoundHound AI secured a seven-figure agreement with a nationally ranked healthcare system employing about 30,000 people. It also gained new healthcare business across managed care, pharmacy services, clinical software, nursing, and rehabilitation. Renewals included major biopharmaceutical, home nursing, therapy, and long-term care providers.
The automotive division signed a seven-figure deal with a large Chinese infotainment software company. Stellantis and Hyundai expanded adoption of SoundHound’s live generative voice services across additional vehicles. Another global automotive brand selected the company for direct in-car voice commerce transactions.
Restaurant demand also expanded through new agreements with Ruby Tuesday and several large quick-service chains. Five Guys, IHOP, Jersey Mike’s, and a major pizza brand increased deployment across their locations. Habit Burger, Red Lobster, Torchy’s Tacos, and Lazy Dog renewed or expanded existing services.
SoundHound Raises 2026 Revenue Outlook
SoundHound AI raised its full-year 2026 revenue outlook to between $230 million and $260 million. Management linked the increase to stronger second-quarter performance and growing demand for its OASYS enterprise platform. The company plans another guidance update after completing the expected LivePerson transaction.
SoundHound ended June with $203 million in cash and cash equivalents and carried no debt. However, operating activities used $60.0 million during the first six months of 2026. Investing activities used another $32.7 million, while financing activities provided $46.7 million.
The company also signed an eight-figure Latin American partnership covering a network across more than 20 countries. In addition, a global technology services provider joined its enterprise distribution network. These agreements broaden SoundHound’s sales reach while supporting its push toward profitable growth.

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TLDR
Sandisk shares slide after hours despite Q4 revenue jumping 372% to $8.97 billion.
Q4 net income reaches $6.90 billion as stronger pricing and volumes fuel growth.
Datacenter revenue surges 437% in fiscal 2026 as higher-value demand rises.
Sandisk expands its buyback authorization by $14 billion to support shares.
Q1 2027 revenue guidance reaches $10.8 billion, with adjusted EPS up to $46.00.
Sandisk (SNDK) shares fell 5.40% to $1,350.50 before dropping another 3.30% after hours to $1,306.00. The decline followed a sharp late-session sell-off despite record fourth-quarter revenue and a larger buyback authorization. The earnings release showed strong pricing, datacenter demand, and profit growth, yet the stock moved lower.
Sandisk Corporation, SNDK
Sandisk Stock Falls After Record Quarter
Sandisk reported fiscal fourth-quarter revenue of $8.97 billion, a 51% increase from the previous quarter. Revenue also rose 372% from $1.90 billion during the same period last year. Management attributed about one-third of sequential growth to volume and two-thirds to higher pricing.
GAAP net income reached $6.90 billion, compared with $3.62 billion in the third quarter. Diluted GAAP earnings climbed 91% sequentially to $43.97 per share. Meanwhile, non-GAAP diluted earnings increased 68% to $39.25 per share.
Gross margin expanded to 84.6%, up 6.2 percentage points from the previous quarter. Operating income rose 71% sequentially to $7.04 billion, while operating expenses declined 1%. These figures reflected strong pricing power and a favorable mix across higher-value storage products.
Datacenter and Edge Businesses Lead Growth
Datacenter revenue doubled sequentially to $2.98 billion and increased sharply from $213 million one year earlier. Edge revenue rose 48% sequentially to $5.43 billion, making it Sandisk’s largest end market. However, consumer revenue fell 32% sequentially to $556 million and declined 5% year over year.
For fiscal 2026, Sandisk generated $20.25 billion in revenue, up 175% from the prior year. GAAP net income reached $11.43 billion, reversing the previous year’s $1.64 billion loss. Diluted GAAP earnings improved to $73.76 per share from an $11.32 loss.
Datacenter revenue grew 437% during the year to $5.15 billion. Edge revenue increased 195% to $12.16 billion, while consumer revenue rose 29% to $2.94 billion. Sandisk linked the full-year performance to stronger pricing and a shift toward higher-value customers.
Buyback Expansion and Outlook Support Growth Plan
Sandisk added five New Business Model agreements after announcing five similar deals during its April earnings call. Three new agreements involved new customers, while two expanded earlier arrangements. The company expects these contracts to deepen partnerships and support longer-term revenue visibility.
The board approved an additional $14 billion share repurchase program. That decision raised Sandisk’s remaining authorization to $15.5 billion. The expanded program gives management greater flexibility to return capital while maintaining investment capacity.
For fiscal first-quarter 2027, Sandisk expects revenue between $10.30 billion and $10.80 billion. Non-GAAP diluted earnings should range from $44.00 to $46.00 per share. Sandisk became independent after separating from Western Digital on February 21, 2025, which shapes earlier period comparisons.

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TLDR
Eos Energy shares sank despite quarterly revenue surging 351% to $68.8 million.
A $100 million Blanquilla battery order pushed Eos backlog to a record level.
Eos reported a $275.7 million net loss despite sharp year-over-year sales growth.
Eos backlog reached $807 million as new and repeat customers placed more orders.
Eos narrowed 2026 revenue guidance while raising output at its Thorn Hill plant.
Eos Energy Enterprises (EOSE) shares plunged 12.18% to $3.82, then slipped another 1.05% after hours to $3.78. The decline followed strong revenue growth, deep losses, and a narrower full-year sales outlook. However, the US zinc-storage manufacturer secured a major battery order and record backlog, showing continued demand.
Eos Energy Enterprises, Inc., EOSE
Revenue Growth Fails to Offset Heavy Quarterly Losses
Eos reported second-quarter revenue of $68.8 million, up 351% from the same period last year. A 207% increase in cube deliveries drove the growth across its expanding project base. First-half revenue also surpassed the company’s total revenue for all of 2025.
Eos recorded a $48.8 million gross loss and a negative 71% gross margin. Higher production volumes and lower conversion costs improved the margin by 132 percentage points yearly. Underused factory capacity and increased project expenses continued to weaken manufacturing results.
The company posted a $275.7 million net loss attributable to shareholders. Fair-value changes on certain liabilities caused most of the loss after quarterly share-price movements. Adjusted EBITDA loss reached $71.4 million, compared with $51.6 million one year earlier.
Record Backlog and Major Orders Strengthen Commercial Position
Eos ended June with an $807 million backlog covering 3.4 GWh of planned projects. The backlog increased 25% sequentially and 20% yearly after orders from six customers. Four new customers placed orders, while two existing customers returned with additional commitments.
After quarter-end, Frontier Power USA placed a $100 million order for the Blanquilla project’s first phase. The order forms part of a 2 GWh capacity reservation agreement with Eos. Frontier Power USA also raised $263 million, exceeding its original $250 million equity target.
The joint venture expects more than $1 billion in deployable project capital. Its development pipeline totals about 16 GWh, including 1.8 GWh nearing construction milestones. Eos also secured a Golden Dome defense contract for storage deployment at critical infrastructure.
Thorn Hill Expansion Shapes Guidance and Manufacturing Strategy
Eos launched commercial production on Line 2 at its Thorn Hill facility during June. The new line reduced battery cycle time by about 10% compared with Line 1. Bipolar line cycle times also improved by roughly 11% during initial operations.
The company currently runs one partial shift while it increases production toward full capacity. Eos expects Line 2 to reach full output during the fourth quarter. Management also continues evaluating the consolidation of manufacturing operations into Thorn Hill.
That consolidation could improve capacity use, lower costs, and support stronger margins. Eos tightened 2026 revenue guidance to between $300 million and $350 million. The company previously projected annual revenue between $300 million and $400 million.
Eos ended June with $364.1 million in total cash, including restricted balances. Its technology also surpassed 6.5 GWh of cumulative discharged energy across deployed systems. Projects totaling more than 200 MWh should begin operations before the end of 2026.

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TLDR
Shopify stock jumped 18% after quarterly revenue climbed 34% year over year.
GMV reached $115.57 billion as growth accelerated across merchants and markets.
Free cash flow rose to $654 million while margins improved to 18% during Q2.
Operating income increased to $488 million as Shopify gained stronger leverage.
Shopify expects low-thirties revenue growth and high-teens cash flow margins.
Shopify (SHOP) stock surged 18.18% to $145.72 after quarterly growth accelerated across core business metrics. Revenue jumped 34%, while gross merchandise volume advanced across merchants, sales channels, and major regions. The results also showed stronger cash generation and improved operating leverage during the second quarter.
Shopify Inc., SHOP
Shopify Revenue Growth Drives Sharp Stock Rally
Shopify reported second-quarter revenue of $3.58 billion, up from $2.68 billion one year earlier. Constant-currency revenue increased 33%, showing broad demand across the company’s global commerce platform. The strong report triggered an early price spike before shares eased while retaining most gains.
Gross merchandise volume reached $115.57 billion, compared with $87.84 billion during the prior-year quarter. That represented growth of about 32%, supported by stronger activity across different merchant sizes. Shopify also recorded gains across online stores, physical retail channels, and international markets.
Monthly recurring revenue rose to $221 million from $185 million one year earlier. The increase reflected continued adoption of Shopify’s subscription products and expanding merchant services. Together, those gains strengthened the company’s recurring revenue base and supported its wider business growth profile.
Profit Growth and Cash Flow Strengthen Results
Gross profit climbed to $1.71 billion from $1.30 billion in the previous year. Operating income also increased to $488 million, compared with $291 million previously. These figures showed that Shopify converted stronger sales into faster profit growth during the quarter.
Free cash flow reached $654 million, up from $422 million during the same quarter last year. The free cash flow margin improved to 18% from 16%. That expansion reflected tighter cost control alongside continued investment in platform development and merchant tools.
Shopify maintained growth while improving efficiency across its operations and product lines. Management linked the performance to broad merchant demand and disciplined spending across the business. The combination supported stronger margins without slowing the company’s revenue growth pace.
Shopify Issues Strong Third Quarter Outlook
Shopify expects third-quarter revenue to grow at a low-thirties percentage rate year over year. The forecast points to continued momentum after the company’s strong second-quarter performance. It also suggests that merchant activity remains healthy across Shopify’s commerce platform.
The company expects gross profit dollars to rise at a mid-to-high twenties percentage rate. Shopify projects operating expenses at 33% to 34% of revenue. It also expects stock-based compensation of $150 million during the quarter.
Free cash flow margin should remain in the high-teens to low-twenties range. That outlook supports the company’s focus on profitable growth and steady cash generation. Shopify’s latest results reinforce its position as a major global commerce infrastructure provider for merchants.

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TLDR
Uber stock falls 5.13% as robotaxi spending concerns outweigh strong earnings
Record cash flow supports growth, but robotaxi expansion raises major cost concerns
Uber reports stronger profits while costly autonomous plans pressure its shares
Robotaxi partnerships expand Uber’s reach but increase long-term capital needs
Uber’s asset-light model faces pressure as autonomous fleets require more spending
Uber Technologies shares fell 5.13% to $68.30 on August 5 after the company detailed its costly robotaxi expansion. The stock dropped below $70 before stabilizing near $67 and recovering modestly. Strong quarterly results failed to outweigh concerns about funding autonomous vehicle growth.
Uber Technologies, Inc., UBER
Strong Results Contrast With Share Decline
Uber reported 22% annual growth in gross bookings, while total trips rose 18% during the quarter. Uber shares remained 20% lower for the year despite continued demand across ride-hailing and delivery platforms. The market focused on planned spending rather than recent operating gains.
Operating income reached about $2 billion, marking a 40% increase from the previous year. Diluted earnings reached $1.17 per share, extending Uber’s recent profitability streak. The company has generated profits for two consecutive years after earlier losses.
Trailing twelve-month free cash flow exceeded $10 billion for the first time in Uber’s history. That total gives Uber more capacity to fund future expansion and reduce shares. Still, robotaxi development brings higher costs than its traditional platform business.
Robotaxi Strategy Raises Capital Requirements
Uber plans to use growing cash flow to support autonomous-driving partners and fleet expansion. Management also plans direct equity positions in selected key robotaxi suppliers. The funding will strengthen partner balance sheets and secure vehicles for Uber’s future network.
The company has formed agreements with Lucid Group and Rivian for vehicle supply. Those partners have committed tens of thousands of vehicles for Uber’s planned fleet. Uber does not manufacture vehicles, so it depends on external vehicle producers.
That structure differs from Uber’s existing model, where drivers buy and maintain their vehicles. Therefore, the current business requires limited spending on cars and equipment. Robotaxis shift more funding responsibility toward Uber and its technology and vehicle partners.
Competition Shapes Uber’s Long-Term Plan
Uber faces growing competition as autonomous vehicle companies expand commercial services across several major markets. Tesla develops vehicles and self-driving systems, while Uber relies on established partnerships. Both companies use different business models to enter the robotaxi market.
Uber’s network provides customer access, payment systems, valuable operating data, and established city mobility services. However, autonomous fleets require vehicles, maintenance, charging systems, insurance, and specialized technical support. These requirements increase complexity beyond Uber’s asset-light structure.
Uber reported continued strong growth, higher profits, and record free cash flow during the quarter. Yet the 5.13% decline showed that robotaxi spending shaped the market response. The company must balance autonomous expansion with operating performance and financial discipline.
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TLDR
SGML shares drop 5.14% to $10.53 amid heavy midday trading volume.
Sigma Lithium Corporation will report Q2 2026 earnings on August 14, 2026.
Q2 production hit 35,000 tonnes, beating guidance by 6% year-to-date.
First-half 2026 output reached 58,000 tonnes, surpassing internal targets.
Mining upgrade drives stronger output despite Wednesday’s sharp stock decline.
SGML shares fell 5.14% on Wednesday, dropping to $10.53 after an early-session high near $11.50. The decline erased $0.57 per share and came alongside a spike in trading volume. Despite the drop, Sigma Lithium Corporation (NASDAQ: SGML) confirmed a strong operational quarter ahead of its earnings release.
Sigma Lithium Corporation, SGML
Earnings Date and Stock Performance
Sigma Lithium Corporation will release its second-quarter 2026 results before markets open on Friday, August 14, 2026. The announcement follows a volatile trading day that saw shares swing sharply lower before stabilizing in the afternoon. Trading data shows the stock held steady through the morning before a rapid midday reversal.
Shares recovered slightly from their intraday low near $10.35, closing the gap by afternoon. Still, the stock remains down more than 5% for the session. Market activity reflects broader movement across lithium and battery-material stocks this week.
The upcoming earnings report will provide further detail on second-quarter financial performance. Sigma Lithium Corporation has not issued additional guidance ahead of the release. Analysts and shareholders will compare results against the company’s already-announced production figures.
Production Growth Beats Guidance
Sigma Lithium Corporation exceeded its second-quarter production guidance by 6%, according to a July 9, 2026 announcement. The company delivered 35,000 tonnes of high-grade lithium concentrate during the quarter. This output builds on a broader trend of operational outperformance in 2026.
First-half production for 2026 totaled 58,000 tonnes of lithium concentrate products, surpassing internal targets. The results stem from a comprehensive mining upgrade completed earlier this year. Sigma Lithium Corporation attributed the gains to the primarization of its mining operations.
This upgrade streamlined extraction processes and improved overall yield efficiency. The company has positioned the improvements as central to its long-term production strategy. Continued execution of this plan will likely factor into the upcoming earnings discussion.
Company Background and Market Position
Sigma Lithium Corporation is the largest producer of lithium oxide concentrate in the Americas. The company focuses on socially and environmentally sustainable lithium materials for battery supply chains. Its operations support global demand tied to energy security initiatives.
Sigma Lithium Corporation trades on the Nasdaq, the TSX Venture Exchange, and the B3 exchange in Brazil. This multi-listing structure broadens its access to capital markets across regions. The company’s diversified exchange presence supports liquidity and shareholder access worldwide.
As the August 14 earnings date approaches, market participants will weigh Wednesday’s stock decline against the company’s operational gains. Strong production numbers may offer context for the upcoming financial results. Sigma Lithium Corporation continues to position itself as a key supplier in the global lithium market.
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Key Highlights
Shares of Rezolve AI advanced 4.36% following announcements about its India expansion.
Enterprise opportunities originating from India operations total approximately $50 million.
The company maintains a workforce of 550 professionals across three Indian tech centers.
India-based operations service over 1,000 clients through worldwide implementations.
Management confirmed its $360 million revenue projection for fiscal 2026.
Shares of Rezolve AI (RZLV) rose 4.36% to reach $2.7550 following a late-morning rally. The movement came alongside announcements regarding the company’s growing India presence and a $50 million opportunity pipeline. This division now services more than 1,000 clients globally while advancing Rezolve AI’s software and digital commerce initiatives.
Rezolve AI PLC, RZLV
Indian Operations Emerge as Central Development Hub
Rezolve AI established its 550-employee India presence across three cities—Hyderabad, Pune, and Kolkata—over four years. The team comprises software engineers, data analysts, research professionals, and enterprise implementation experts who serve diverse global markets. Accordingly, this division manages research activities, platform engineering, client integrations, and large-scale software rollouts.
The Indian operations link Rezolve AI Labs with the company’s technology headquarters and enterprise implementation divisions. This integrated framework enables seamless movement of innovations from research stages into customer environments through unified operational processes. Consequently, Rezolve AI has accelerated implementation timelines while addressing sophisticated business demands more efficiently.
Staff members originate from 42 different Indian cities, providing the organization with extensive access to technical expertise. Rezolve AI strategically positioned itself within established technology corridors featuring robust engineering communities and business service infrastructure. Thus, India delivers both development resources and operational capabilities essential for the company’s expansion objectives.
Sales Opportunities Valued at Approximately $50 Million
Client and partnership activities led by the India division represent roughly $50 million in aggregate contract value throughout their respective engagement periods. Nevertheless, this amount does not constitute booked revenue, recurring income, finalized sales, or immediate cash inflows. It likewise falls within Rezolve AI’s previously announced fiscal 2026 projections rather than representing additional upside.
The organization employs a combined platform-and-services strategy to win and execute sophisticated enterprise implementations. Technical teams develop foundational software capabilities, while implementation professionals integrate products with client databases and operational systems. This methodology enables businesses to transition from preliminary evaluations toward production environments managing actual commercial workflows.
Rezolve AI delivers capabilities spanning product exploration, customer interaction, customization, and transaction processing through its technology platform. The company additionally offers solutions that document automated processes across enterprise infrastructures. Collectively, these offerings address organizations requiring dependable systems for commerce operations, customer support, and business intelligence.
Financial Performance Underpins Growth Strategy
Rezolve AI projects preliminary revenue for the first half of 2026 at approximately $127 million, according to preliminary internal figures. This marks substantial growth from $6.32 million in early 2025 and $46.8 million for the complete year. Simultaneously, leadership reaffirmed the company’s fiscal 2026 revenue forecast of roughly $360 million.
The India division contributes essential implementation bandwidth as increasing numbers of enterprises transition automation initiatives into live production. Rezolve AI leverages its regional team for integration work, quality assurance, deployment activities, and continuous system administration. As such, management considers this unit fundamental to commercial execution capabilities.
Rezolve AI maintains collaborative relationships with Microsoft, Google, and Tata Consultancy Services focused on cloud infrastructure and enterprise initiatives. These alliances bridge India-centered development efforts with broader distribution networks, infrastructure resources, and client delivery mechanisms. Consequently, the Indian presence provides Rezolve AI with expandable infrastructure for pursuing larger international engagements.

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Key Highlights
Data center lease revenue climbed 52% to $31.9 million, driving overall quarterly performance.
A 20-year Anthropic agreement delivers approximately $19 billion in initial contracted revenue.
Lake Mariner facility expanded to 102 MW following the CB-3 building completion.
Quarter ended with roughly $3 billion in cash and restricted cash reserves.
Annual target remains 250 MW to 500 MW in additional contracted capacity.
Shares of TeraWulf (WULF) dropped 1.91% to close at $18.52 following fluctuating intraday movement and sustained afternoon pressure. Despite the market response, the firm delivered robust high-performance computing metrics and secured significant long-term infrastructure commitments. These developments underscore an accelerating transition from cryptocurrency mining operations toward contracted enterprise data center services.
TeraWulf Inc., WULF
High-Performance Computing Powers Quarterly Results
TeraWulf posted $44.8 million in total revenue for the second quarter, with data center leasing operations accounting for $31.9 million of that amount. This segment surged 52% compared to the prior quarter and made up approximately 71% of consolidated sales. Conversely, cryptocurrency mining revenue remained relatively flat at $12.8 million while posting a significant year-over-year decline.
The firm recorded a net loss attributable to stockholders approaching $940 million for the three-month period. Roughly $755.7 million of this deficit stemmed from warrant-related accounting adjustments connected to Google. The appreciation in TeraWulf’s equity price drove up the fair value of these outstanding instruments, resulting in a substantial non-cash charge.
Cash and restricted cash balances stood at approximately $3 billion as of quarter-end. This substantial liquidity position enables the company to fund committed construction projects, secure project-level debt arrangements, and pursue expansion initiatives across multiple large-scale facilities. Management also retained access to asset-specific financing vehicles supporting its staged buildout strategy.
Lake Mariner Site Achieves New Milestone
By June 30, TeraWulf had 81 megawatts of active revenue-producing infrastructure at its Lake Mariner location. The CB-3 structure reached operational status in early July, pushing total operating capacity to 102 megawatts. This milestone simultaneously triggered $600 million in Google credit backing for Fluidstack’s rental commitments.
Development work progressed on CB-4 and CB-5, which collectively represent an additional 336 megawatts. The initial CB-4 data hall transitioned into commissioning phases and is expected to commence revenue generation in 2026. The company anticipates beginning phased CB-5 deliveries during early 2027.
Construction economics at Lake Mariner now reflect approximately $9.1 million per critical megawatt. This represents an increase from the $8.6 million per megawatt financing basis established last October. Nevertheless, leadership maintained its overall WULF Compute cost framework in the $8 million to $10 million range.
Anthropic Partnership Transforms Growth Trajectory
Following the quarterly close, TeraWulf finalized a two-decade lease arrangement with Anthropic covering its Justified facility. The contract encompasses roughly 401 megawatts and represents approximately $19 billion in base contracted revenue. Optional extension provisions could potentially elevate the aggregate value to around $33 billion.
The organization also completed the acquisition of Kentucky’s Muskie Data Campus in May. Power supply arrangements with Kentucky Power support delivery of up to one gigawatt of contracted electrical capacity. The utility partner anticipates commencing initial service in the fourth quarter of 2028, with subsequent phased rollout.
Separately, TeraWulf entered an agreement to divest its 50.1% ownership stake in Abernathy for roughly $530 million. In Maryland, federal authorities approved the company’s proposed acquisition of the Morgantown generating station. Management continues to pursue its annual goal of adding between 250 and 500 megawatts of newly contracted capacity.

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Key Highlights
Circle’s Q2 revenue increases 7% year-over-year as USDC circulation hits $73.3 billion.
Quarterly onchain transaction volume for USDC jumps 151% to reach $14.8 trillion.
Arc public mainnet scheduled for September 16 launch with leading financial institutions as validators.
Company receives federal and New York trust charters for digital asset custody services.
CRCL shares decline 0.41% despite positive quarterly performance and institutional momentum.
Circle (CRCL) shares declined 0.41% to close at $62.99 even as the company posted solid second-quarter results driven by USDC expansion and institutional adoption. The stablecoin issuer reported revenue gains, increased network activity, and significant progress in its blockchain infrastructure initiatives. Trading saw early gains evaporate during morning hours before shares stabilized in afternoon trading.
Circle Internet Group, CRCL
Stablecoin Expansion Drives Q2 Financial Performance
Circle posted $701 million in combined revenue and reserve income for the second quarter, representing 7% growth versus the prior year period. Reserve income totaled $668 million, supported by a 25% year-over-year increase in average USDC circulation. However, declining reserve return rates tempered what otherwise would have been stronger income expansion.
The quarter closed with USDC circulation standing at $73.3 billion, up 19% from the same period last year. Onchain transaction volume surged dramatically, climbing 151% to $14.8 trillion across all supported blockchain networks. Circle’s meaningful wallet count reached seven million, showing 24% annual growth.
The company swung to a profit of $48 million in net income from continuing operations, compared to a substantial loss in the year-ago quarter. Much of this improvement stemmed from reduced stock-based compensation expenses following Circle’s 2025 public market debut. Adjusted EBITDA grew 8% to $143 million, benefiting from higher reserve income generated by expanding circulation.
Arc Network Rollout Strengthens Institutional Positioning
Circle announced that Arc’s public mainnet will go live on September 16, featuring privacy capabilities and programmable finance infrastructure. The platform is designed to facilitate tokenized real-world assets and agent-driven payment solutions. Over 100 institutional participants and ecosystem developers are currently building applications for the network.
Arc’s founding validator group includes prominent names such as BlackRock, DTCC, Galaxy, Mastercard, Visa, ICE, and Standard Chartered. These institutions will play critical roles in network security while developing settlement infrastructure and digital asset solutions. BlackRock has announced intentions to deploy its BUIDL tokenized liquidity fund natively on the Arc network.
DTCC is working to enable tokenized asset support through its securities custody platform. BNY, Standard Chartered, and additional financial institutions are exploring various use cases including custody services, settlement mechanisms, and stablecoin integration. These collaborations position Circle strategically within both traditional finance and emerging blockchain-based capital markets.
Payment Infrastructure and Regulatory Wins Accelerate Growth
Circle broadened USDC availability through new partnerships with BNY, JCB, Nium, Grupo Bind, and Standard Chartered. These collaborations focus on custody solutions, cross-border payment rails, local currency conversion, and institutional-grade stablecoin services. Kakao Group has also begun evaluating USDC payment infrastructure for deployment in South Korea.
Circle Payments Network achieved $14.7 billion in annualized transaction volume by the end of the quarter. This represents a 76% sequential increase from the prior quarter, while the number of participating institutions grew 29% to reach 175. The platform also saw significant adoption for agent payments, with USDC settling 99.3% of x402 transaction volume.
On the regulatory front, Circle received approval for Circle National Trust, granting the company a national trust bank charter from federal regulators. New York state regulators simultaneously approved Circle New York Trust as a limited-purpose digital asset company. These dual approvals lay groundwork for expanded custody operations and potential future management of USDC reserve assets.

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Key Highlights
Zero Hash partnership enables stablecoin prefunding and payout capabilities on Visa Direct.
Shares declined 0.23% to close at $368.74 following midday volatility.
Zero Hash delivers settlement technology, liquidity services, and regulatory compliance support.
Integration broadens stablecoin functionality throughout Visa’s worldwide payment infrastructure.
Partnership reinforces Visa’s blockchain payment strategy amid growing competition.
Visa (V) experienced a 0.23% decline to $368.74 following an intraday dip and modest recovery. The stock movement coincided with the company’s announcement of enhanced stablecoin functionality integrated into its Visa Direct payment platform. Through the Zero Hash collaboration, qualifying business customers gain access to stablecoin prefunding capabilities, payout options, and digital wallet transfers.
Stablecoin Functionality Integrated Into Visa Direct Platform
Visa has enabled select Visa Direct customers to fund merchant accounts using authorized stablecoins. Companies can now distribute payments straight to digital wallets via the same infrastructure. Zero Hash delivers the settlement framework, liquidity solutions, and compliance mechanisms required for these operations.
This integration provides businesses with enhanced control over cross-border liquidity management and payment execution timing. Stablecoin transactions operate independently of traditional banking schedules, minimizing friction in certain international payment corridors. Beneficiaries gain quicker access to funds when opting for direct stablecoin distribution methods.
Visa Direct facilitates connections between cards, banking accounts, and digital wallets spanning over 195 nations and territories. The infrastructure reportedly serves more than 18 billion payment endpoints globally. This extensive reach positions Visa to incorporate stablecoin settlement capabilities into established payment frameworks.
Zero Hash Delivers Technical and Regulatory Framework
Zero Hash manages the backend infrastructure necessary for processing stablecoin transactions on behalf of Visa Direct customers. The platform encompasses conversion services, custody solutions, settlement mechanisms, liquidity oversight, and compliance monitoring. This architecture enables Visa to incorporate blockchain-based transactions while maintaining its existing payment network.
Established in 2017, Zero Hash operates as an infrastructure supplier for digital asset offerings. The company subsequently secured $104 million through a Series D-2 funding round spearheaded by Interactive Brokers. This investment assigned the company a $1 billion valuation and accelerated its institutional payment initiatives.
Zero Hash has obtained regulatory clearances supporting its international stablecoin payment operations. The firm received MiCA licensing and Electronic Money Institution authorization in Europe during May. Additionally, Zero Hash has submitted an application for a U.S. national trust bank charter.
Partnership Aligns With Broader Blockchain Payment Vision
This Zero Hash collaboration builds upon multiple Visa programs centered on blockchain settlement and digital currency infrastructure. Visa previously partnered with BVNK to facilitate stablecoin-backed payouts and direct wallet distribution. The company also launched the Visa Stablecoin Platform designed for institutional stablecoin creation and oversight.
The platform offers wallet functionality, token minting and burning, regulatory oversight tools, and payment system integration. Visa originally incorporated Open USD as a featured stablecoin within this ecosystem. The payment network also became a member of Open Standard, advancing OUSD development and market adoption.
Visa Direct handles approximately $1.7 trillion in instant payments throughout its global infrastructure. Stablecoin settlement capabilities may facilitate gig economy compensation, content creator payments, remittance transfers, and commercial transactions. Visa continues competing against Mastercard and Stripe while navigating diverse regulatory frameworks across international jurisdictions.

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Key Highlights
Payward partners with Broadridge to introduce proxy voting capabilities for qualified xStocks holders.
Tokenized equity owners gain access to corporate materials and voting mechanisms through the integration.
The collaboration merges blockchain-based ownership with conventional governance infrastructure.
Over 500 tokenized securities are now available through Payward’s xStocks platform globally.
The initiative bridges a significant gap between digital asset holdings and traditional stockholder privileges.
A groundbreaking collaboration between Broadridge and Payward introduces corporate voting capabilities to qualified owners of Tokenized Equities within the xStocks ecosystem. This integration combines blockchain-based asset ownership with traditional proxy voting infrastructure, enabling eligible participants to exercise corporate governance rights. The development addresses a critical functionality divide between digital securities and conventional equity ownership.
Broadridge Integration Brings Corporate Governance to Digital Assets
Broadridge is integrating its comprehensive governance infrastructure with xStocks, Payward Services’ platform for distributing tokenized securities. Qualified participants will verify their identity using Web3 authentication before accessing Broadridge’s ProxyVote.com interface. Once authenticated, they can examine corporate documentation and cast votes for eligible Tokenized Equities.
The arrangement will also facilitate shareholder information delivery through a digital framework designed for blockchain-native accounts. Broadridge’s existing proxy infrastructure will handle reporting functions, maintain audit trails, and enforce governance protocols. This approach enables participants to utilize standard voting procedures while remaining within the digital asset ecosystem.
Previously, Payward’s xStocks operated without connecting voting privileges to the represented securities. This updated framework introduces voting functionality for qualified Tokenized Equities across available jurisdictions. Nevertheless, access will be restricted to situations where regulatory frameworks and product specifications permit involvement.
xStocks Platform Reaches New Scale
Payward Services currently facilitates access to over 500 tokenized instruments, encompassing corporate stocks, exchange-traded funds, and pre-initial public offering offerings. The organization intends to incorporate securities from additional international exchanges. This growth reinforces xStocks as a comprehensive distribution mechanism for Tokenized Equities.
Backed serves as the issuer of xStocks instruments, with Payward handling distribution through authorized pathways outside prohibited territories. These instruments remain inaccessible to individuals and entities in the United States and United Kingdom, including those classified as U.S. persons. Accordingly, voting functionality will adhere to identical qualification criteria and geographic restrictions.
Payward’s recent collaboration with GTN introduced Hong Kong exchange listings to the xStocks portfolio. Additional expansion initiatives targeting European markets, South Korea, and other regions are underway. These developments may broaden Tokenized Equities availability while preserving regulatory compliance standards.
Digital Securities Infrastructure Attracts Institutional Interest
Established financial institutions and blockchain-focused enterprises continue developing frameworks for onchain securities creation and administration. Major institutions including JPMorgan and Goldman Sachs have examined comparable infrastructure as market interest intensifies. However, governance functionality has lagged behind advancements in trading platforms, settlement systems, and custody solutions.
Broadridge currently provides shareholder communication services, post-transaction operations, digital wallet technology, and asset custody capabilities. This new partnership extends these functionalities to Tokenized Equities distributed via Payward’s infrastructure. The firm will accommodate both issuer-directed and custodian-based tokenization approaches through a unified governance platform.
The collaboration provides qualified participants with meaningful influence over decisions affecting underlying corporations. It also introduces governance mechanisms that conventional securities already deliver through established proxy procedures. Consequently, Tokenized Equities acquire another essential component required for widespread capital market adoption.

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TLDR
OPXS schedules Q3 fiscal 2026 earnings release and investor conference call.
Optex confirms August 11 financial results and business update conference call.
OPXS announces Q3 earnings date as defense optics operations remain in focus.
Optex prepares fiscal Q3 report following recent gains in OPXS stock price.
OPXS sets next financial update with earnings release and conference call.
Optex Systems Holdings Inc. traded at $11.85, up 5.33%, after the company scheduled its fiscal third-quarter 2026 earnings release. The financial results will arrive on August 11 alongside a conference call. The announcement marks the company’s next scheduled business update following recent market strength.
Optex Systems Holdings, Inc, OPXS
Optex Sets Fiscal Third-Quarter Earnings Schedule
Optex Systems confirmed it will release fiscal third-quarter 2026 financial results on August 11. The company also scheduled a conference call for 5:30 p.m. Eastern Time. Both events will provide the latest financial update for the current reporting period.
The conference call will discuss the quarterly results after the earnings release becomes available. Participants can join through dedicated telephone lines using the published conference identification number. The company will post all discussed financial information within its official earnings release.
The earnings release will appear under the “Latest Financial Results” section on the company’s investor relations website. This approach allows shareholders and market participants to access the same financial information. The company maintains its regular reporting process for quarterly disclosures.
Recent Market Performance Adds Context
The latest announcement arrived after OPXS shares recorded additional market gains. The stock advanced following confirmation of the upcoming earnings release and conference call. The move extended positive momentum before the company reports quarterly financial performance.
Earlier trading history also provides context for the upcoming announcement. Following fiscal second-quarter 2026 results, OPXS recorded a 12.76% gain within 24 hours. That earlier reaction highlighted strong market interest after quarterly financial updates.
The current announcement does not include quarterly financial results or updated guidance. Instead, it establishes the reporting schedule and communication timeline. Financial details will become available on the announced reporting date.
Defense Optics Business Supports Military Programs
Optex Systems manufactures precision optical sighting systems and related optical assemblies. The company supplies products for military and commercial applications. Its headquarters operate from Richardson, Texas, where the business began in 1987.
The company primarily serves United States Department of Defense programs. Its optical systems support several military land vehicles, including Abrams and Bradley fighting vehicles. The product portfolio also supports Light Armored Vehicles and the Stryker vehicle family.
Besides vehicle optics, Optex produces periscopes, rifle sights, surveillance sights, and night-vision optical assemblies. The company supplies products directly to military organizations and major defense contractors. These operations position Optex within specialized defense manufacturing markets.
Scheduled Update Continues Regular Financial Reporting
The August 11 earnings release represents the company’s next scheduled financial disclosure. Management will discuss quarterly performance during the conference call later that day. The published earnings release will contain the financial information presented during the discussion.
The scheduled reporting process follows the company’s established quarterly disclosure practice. Financial statements and supporting information will become publicly available through the investor relations platform. All market participants will receive access to the same official information.
The upcoming announcement will provide updated financial performance for fiscal third-quarter 2026. Until then, the company has limited its communication to scheduling details. The latest release keeps attention on the next milestone in Optex Systems’ regular financial reporting calendar.
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TLDR
QBTS advances fault-tolerant quantum computing with landmark Nature research.
D-Wave reports 99.9% gate fidelity in breakthrough Nature quantum study.
Nature publication strengthens D-Wave’s gate-model quantum computing roadmap.
D-Wave moves closer to scalable quantum computing with dual-rail innovation.
QBTS highlights major quantum error correction progress through Nature paper.
D-Wave Quantum Inc. stock traded at $21.56, down 1.26%, after the company announced a major quantum computing milestone. The company published new research in Nature demonstrating a high-fidelity two-qubit entangling gate. The achievement advances its roadmap toward practical fault-tolerant gate-model quantum computing.
D-Wave Quantum Inc., QBTS
Nature Study Demonstrates High-Fidelity Quantum Gate
The published research introduces a two-qubit entangling gate for D-Wave‘s superconducting dual-rail qubit architecture. The design preserves built-in error detection during quantum operations. It supports more efficient quantum error correction as computing systems expand.
The study reported approximately 99.9% fidelity during two-qubit operations. The gate completed operations in nearly 500 nanoseconds while maintaining hardware-level error detection. These results combine speed with accuracy for gate-model quantum computing.
The new gate serves as a fundamental component for quantum calculations. D-Wave simulations indicate the architecture can reduce logical error rates by ten times with each error correction level. This improvement lowers the physical qubit requirements for scalable fault-tolerant quantum systems.
Dual-Rail Architecture Reduces Error Correction Overhead
Quantum computers remain vulnerable because quantum information is highly sensitive to environmental interference. Efficient error correction remains one of the industry’s biggest technical challenges. Many existing gate-model systems require substantial hardware resources to manage these errors.
D-Wave designed its dual-rail architecture to simplify the correction process. The system creates an error structure where common quantum errors become easier to detect and correct. As a result, the architecture reduces hardware complexity while maintaining computing performance.
The research also confirmed that the favorable error structure remains active during two-qubit operations. The system preserves both processing speed and operational accuracy. The findings establish an important technical foundation for large-scale quantum computing systems.
Roadmap Targets Commercial Fault-Tolerant Quantum Computing
The research supports D-Wave‘s long-term gate-model development roadmap. The company aims to complete a 100-logical-qubit system by 2032. The planned platform targets more than one million successful quantum operations.
The roadmap combines the company’s superconducting dual-rail architecture with integrated cryogenic control technology. These technologies improve error awareness as larger quantum systems develop. They also strengthen the efficiency of hardware-level error detection.
D-Wave targets an error reduction rate, known as Lambda, of 10. This performance level means reliability improves by ten times with every additional error correction layer. The company expects to achieve fault-tolerant computing using fewer physical qubits than many conventional approaches.
Research Supports Broader Quantum Computing Strategy
The newly demonstrated entangling gate has already been integrated into D-Wave’s gate-model systems. According to the company, the commercial platforms deliver performance comparable to the published research. This alignment supports continued hardware development using the same architecture.
The achievement also strengthens D-Wave’s dual-platform business strategy. The company continues developing both annealing and gate-model quantum computing technologies. It addresses different categories of complex computational workloads across commercial, research, and government applications.
D-Wave remains the only commercial quantum computing company offering both annealing and gate-model platforms. More than 100 organizations currently use its systems and cloud-based services. The latest Nature publication adds another scientific milestone as the company advances toward commercial fault-tolerant quantum computing.

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Key Takeaways
GLXY shares tumbled 13.46% following the disclosure of an $85 million quarterly deficit.
The firm disclosed an $85 million net deficit driven by declining cryptocurrency valuations.
The Helios facility generated inaugural data center income, though digital asset losses dominated results.
Management projects Helios Phase I will deliver roughly $80 million in quarterly lease income.
New Texas acquisitions pushed the company’s total data center power capacity pipeline beyond 5.7 GW.
Galaxy Digital shares experienced a steep 13.46% decline to $19.16 following consecutive morning selloffs. The firm disclosed an $85 million net deficit attributed to weakened cryptocurrency valuations impacting its balance sheet holdings. Operating as a hybrid entity, Galaxy merges cryptocurrency financial services with high-performance computing infrastructure, with the latter introducing a fresh income stream this reporting period.
Galaxy Digital, GLXY
Quarterly deficit shows improvement over prior period
Galaxy disclosed an $85 million second-quarter net deficit, representing significant improvement from the $216 million loss posted in the preceding quarter. The company’s adjusted EBITDA registered negative $77 million, while adjusted gross profit climbed to $43 million. Per-share metrics reflected diluted and adjusted losses of negative $0.09.
The balance sheet showed total assets climbing 9% sequentially to reach $10.84 billion as of the June 30 reporting date. Total shareholder equity contracted 2% to $2.72 billion across the identical timeframe. Combined cash and stablecoin reserves decreased 6% to settle at $2.46 billion.
The Digital Assets division produced $66 million in adjusted gross profit, marking a 34% sequential expansion. Global Markets delivered $49 million as transaction volumes contracted 7% versus the prior quarter. Average lending balances edged upward to $1.44 billion, while the trading counterparty count increased 3% to reach 1,741.
Helios facility launches commercial operations
Galaxy’s Data Centers division produced $20 million in adjusted gross profit throughout the second quarter. This business unit additionally generated $11 million in adjusted EBITDA following a modest deficit in the opening quarter. These figures represented the division’s initial period with active commercial operations.
The company provisioned 133 megawatts of critical computing infrastructure to CoreWeave at its Helios facility. Phase one reached completion according to the original timeline under a 15-year tenant agreement. Management anticipates approximately $80 million in quarterly lease receipts from this capacity commencing in the upcoming quarter.
Projections indicate project-level adjusted EBITDA margins exceeding 90% from the operational capacity. The Treasury and Corporate segment registered a $42 million adjusted gross deficit. Mark-to-market losses spanning cryptocurrency holdings and equity positions contributed to that division’s negative $78 million adjusted EBITDA.
Texas portfolio expansion accelerates infrastructure buildout
Galaxy broadened its Texas data center development portfolio following the quarter’s conclusion. The organization secured three additional development parcels and elevated its aggregate power capacity pipeline above 5.7 gigawatts. These initiatives address surging demand for hyperscale computing and advanced infrastructure solutions.
At the McGregor Industrial Park location, Galaxy is planning the Merlin campus spanning 500 acres. Initial arrangements accommodate 74 megawatts, though subsequent transmission infrastructure enhancements could expand capacity to 500 megawatts. The company additionally obtained the Caspian and Selene properties, featuring potential capacities of 700 and 900 megawatts respectively.
Construction commenced on Helios Phase II, targeting an additional 260 megawatts of critical computing infrastructure. Initial data hall completions are anticipated during the second quarter of 2027. The firm secured $3.5 billion through secured debt instruments to finance the subsequent construction phase.

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TLDR:
Mastercard Crypto Credential will supply standardized assurance signals for Borderless.xyz operators handling cross-border stablecoin payment flows.
The pilot tests a single-audit compliance model designed to reduce repeated counterparty reviews while keeping approval decisions with each participant.
Infinia, Walapay, and Koywe will join the initial network-scale test, while Mastercard will provide governance signals rather than move funds.
The project extends Mastercard’s stablecoin strategy after its BVNK acquisition, regulated settlement rollout, partner program, and New York BitLicense.
Mastercard is expanding its stablecoin strategy through a Borderless.xyz pilot focused on trusted cross-border payment flows. The Mastercard Crypto Credential framework will provide standardized assurance signals for firms using Borderless.xyz’s liquidity network. Participants can add those signals to approval, compliance, and risk workflows without changing how funds move.
Mastercard will not hold or settle money during the test. Instead, the pilot will examine whether shared verification standards can reduce repeated counterparty checks. Infinia, Walapay, and Koywe have joined the project as operators. The effort targets a key obstacle for stablecoin payments: scaling compliance across many providers and jurisdictions.
Mastercard Crypto Credential Tests Network Compliance
Borderless.xyz runs an orchestration network linking wallet infrastructure with more than 15 licensed stablecoin providers across over 100 countries. Its single application programming interface helps businesses connect with local payment and liquidity partners. They avoid building separate integrations for every market.
Under the pilot, operators will use Mastercard Crypto Credential as a governance and verification layer. Mastercard Crypto Credential provides assurance signals showing that participants have met defined standards. Each company can then apply those signals within its own compliance, approval, and risk controls.
The model seeks to reduce repeated reviews between counterparties. Borderless.xyz describes this approach as a single-audit compliance structure. One verified operator could pass trusted assurance information through the network, subject to each participant’s policies and legal duties.
Kevin Lehtiniitty, Borderless.xyz co-founder and chief executive, compared the structure with correspondent banking. Traditional banks often rely on originating institutions to complete required checks before transactions move downstream. The pilot will test whether a similar trust model can work across stablecoin payment networks.
Mastercard and Borderless.xyz first worked together through the Start Path startup program. Borderless.xyz later joined Mastercard’s Crypto Partner Program. It launched with more than 85 crypto companies, payment providers, banks, and infrastructure firms. The pilot now moves that relationship toward a live compliance test involving cross-border stablecoin operators.
Mastercard’s March partner program also connects stablecoin issuers, exchanges, banks, wallets, compliance specialists, and blockchain networks. Its membership includes Circle, Ripple, PayPal, Binance, Fireblocks, Solana, Polygon, and Borderless.xyz. The structure gives Mastercard a broad testing base for enterprise use cases. These cover remittances, settlement, payouts, treasury operations, and cross-border business payments across many regulated global markets.
Stablecoin Strategy Expands Through BVNK and Settlement
Mastercard Crypto Credential fits Mastercard’s broader effort to connect blockchain payments with established financial controls. Mastercard Crypto Credential previously supported blockchain transaction verification, wallet compatibility checks, aliases, and Travel Rule information for crypto transfers.
Mastercard has also widened its stablecoin settlement plans. In June, the company announced support for regulated assets including Circle’s USDC, Paxos-issued PYUSD, Ripple’s RLUSD, and other stablecoins. Planned networks include Ethereum, Solana, Polygon, Base, Arbitrum, XRPL, Canton, and Tempo.
Those settlement options include intraday, weekend, and holiday processing. Mastercard said the services can help issuers and acquirers manage liquidity while using existing payment infrastructure. Mastercard Crypto Credential addresses a different layer by concentrating on counterparty trust and compliance signals.
Mastercard completed its BVNK acquisition earlier this week after agreeing to pay up to $1.8 billion, including contingent consideration. BVNK provides infrastructure for businesses to hold, convert, manage, and move value across fiat currencies and blockchain networks. Mastercard expects the platform to support stablecoin-powered treasury, settlement, payouts, and business payments.
The company also received a New York BitLicense in May for Mastercard Transaction Services U.S. The approval supports regulated digital asset activity under requirements covering cybersecurity, financial integrity, consumer protection, and operational resilience.
Infinia, Walapay, and Koywe will be among the first operators to test the single-audit model at network scale. Their results should indicate whether standardized assurance signals can directly reduce onboarding friction while preserving each participant’s independent compliance decisions.
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The rapid growth of Hyperliquid and Lighter has shown how strongly crypto traders are embracing on-chain perpetual futures. Remittix is now entering the same sector with Remittix Markets, bringing live perps trading into the expanding RTX ecosystem.
This move gives Remittix a second major product category alongside its crypto-to-fiat PayFi platform. Rather than building another standalone trading venue, the project is combining active crypto markets with a product designed for real-world payments.
Hyperliquid And Lighter Validate On-Chain Perps
Hyperliquid has helped establish on-chain order-book trading at significant scale, with every order, trade, cancellation and liquidation processed transparently through HyperCore. DefiLlama currently tracks roughly $185 billion in 30-day perpetual futures volume and close to $5 trillion in cumulative activity for the platform.
Lighter has also emerged as a major participant, recently processing approximately $37 billion in monthly perps volume. Its Ethereum-based zero-knowledge rollup generates proofs for operations including order matching and liquidations, combining verifiability with high-speed execution.
Their rise demonstrates that traders are prepared to move beyond centralised exchanges when on-chain platforms can offer competitive execution and usability.
Remittix Markets Brings Perps Trading To RTX
Remittix Markets is now live as the dedicated perpetual futures layer within the RTX ecosystem.
Perpetual futures allow traders to take long or short positions without contracts expiring on a fixed date. They use funding payments to help keep contract prices aligned with the underlying spot market.
For Remittix, entering this sector creates another route for attracting users. Traders can return regularly to monitor markets, respond to volatility and manage positions, introducing a different form of engagement from crypto payments.
Remittix Markets is still a new entrant and has not yet established the liquidity, volume or user base associated with Hyperliquid or Lighter. Its immediate advantage is the wider ecosystem surrounding the trading platform.
Remittix Enters With More Than Trading
Remittix originally built its proposition around PayFi and the friction involved in moving value from crypto into traditional bank accounts.
Its developed and community-tested PayFi platform is designed to let users initiate transfers in crypto while recipients receive fiat directly into their bank accounts. This aims to remove the need for separate exchanges, manual conversions and additional withdrawal stages.
Markets now adds a second pillar to that foundation.
PayFi targets individuals and businesses seeking simpler crypto-to-bank payments, while Remittix Markets targets active traders seeking exposure to perpetual futures. Together, these products give RTX a broader ecosystem role than a token associated with one service.
RTX Approaches Its Next Milestone
The Remittix presale has passed $31 million and is moving toward $32 million, when the project is expected to reveal the official RTX launch date.
Hyperliquid and Lighter have already demonstrated the scale of demand for on-chain perps. Remittix is now entering that market through a different model, combining live trading with a developed crypto-to-fiat payments platform as the RTX launch moves closer.
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittixpresale.io
Perps Trading: https://remittixmarkets.io
FAQ
How does Remittix Markets differ from Hyperliquid and Lighter?
Remittix combines perpetual futures trading with a separate PayFi platform designed for crypto-to-fiat bank transfers.
Is Remittix Markets live?
Yes. Remittix Markets is operating as the perps trading layer of the RTX ecosystem.
What is the next major Remittix milestone?
The official RTX launch date is expected to be revealed when the presale reaches $32 million.
The post After Hyperliquid And Lighter’s Rise, Remittix Markets Brings Perps Trading To RTX appeared first on Blockonomi.