Blockonomi

Key Takeaways
A consortium led by Stripe and Advent International has proposed an all-cash acquisition of PayPal valued at approximately $53 billion, or $60.50 per share, representing a 28% premium over the company’s undisturbed trading price of $47.37.
PayPal’s board of directors believes the proposal significantly undervalues the company and has yet to issue a formal response.
The bidding consortium has secured a financing commitment of roughly $50 billion from JPMorgan and Morgan Stanley.
Cantor Fitzgerald’s sum-of-the-parts valuation framework suggests PayPal is worth approximately $70 per share.
The company’s board continues deliberations ahead of its second-quarter earnings announcement scheduled for July 28.
According to individuals with knowledge of the discussions, PayPal’s board of directors has internally determined that a $53 billion acquisition proposal from Stripe and private equity partner Advent International fails to adequately value the digital payments giant.
The consortium’s all-cash bid of $60.50 per share delivers a 28% premium compared to PayPal’s closing price of $47.37 before deal speculation emerged. Following the offer’s disclosure, PayPal shares climbed approximately 2%, though they retreated roughly 1.7% during subsequent premarket sessions. Recent trading activity placed the stock near $56.56.
Directors have refrained from delivering an official reply to the proposal. Their preliminary assessment indicates the offer fails to capture the full potential value PayPal stands to unlock through successful implementation of its strategic transformation initiatives.
The board’s considerations extend beyond valuation alone, encompassing concerns about financing reliability, possible regulatory obstacles, and the potentially extended timeframe required to complete such a transaction.
Financing arrangements include approximately $50 billion in committed funding from JPMorgan and Morgan Stanley. The consortium structure calls for Stripe and Advent to contribute $17 billion in equity capital, with both parties positioned to maintain equal ownership stakes in PayPal should the transaction proceed.
Block Inc. participated in early consortium discussions when the group initially contacted PayPal in April but withdrew its involvement prior to submission of the current proposal.
Strategic Rationale Behind Stripe’s Pursuit
Stripe currently handles payment volumes totaling approximately $1.9 trillion each year. Integration of PayPal’s Braintree payment platform would elevate that figure toward $2.6 trillion, with the merged organization processing an estimated $3.2 trillion annually — representing over 30% of worldwide e-commerce transaction volume.
PayPal commands a user base of 231 million monthly active consumers, which includes 67 million Venmo participants. This acquisition would provide Stripe with direct consumer market access it presently lacks, as Stripe’s Link digital wallet maintains significantly smaller scale compared to PayPal or Venmo.
Controlling both merchant processing and consumer payment channels could enhance checkout completion rates, strengthen fraud prevention capabilities, and optimize payment economics. Stripe would gain opportunities to introduce its billing, taxation, and financial service offerings to PayPal’s extensive merchant network.
Digital currency capabilities add strategic value. Stripe has acquired Bridge and currently provides stablecoin infrastructure. PayPal operates PYUSD, a stablecoin with approximately $3 billion in market capitalization.
Valuation Concerns Driving Board Skepticism
Cantor Fitzgerald’s detailed sum-of-the-parts valuation methodology positions PayPal’s intrinsic value near $70 per share — substantially higher than the consortium’s $60.50 proposal. Financial analysts from Bernstein and Mizuho have similarly expressed doubt regarding whether the existing offer carries sufficient value to secure board approval.
PayPal produces approximately $6 billion in annual free cash flow and maintains a net cash balance sheet position, strengthening the board’s negotiating position to demand improved terms.
Regulatory approval presents additional complications. A unified Stripe-PayPal operation would control more than 30% of global e-commerce payment volume, virtually ensuring intensive antitrust examination. Discussions have reportedly included a potential structural solution involving Braintree’s separation and transfer to Advent’s control.
Notwithstanding the board’s hesitation, sources indicate that Stripe and Advent continue as the most credible potential acquirers and maintain efforts to negotiate an acceptable agreement.
PayPal will release its quarterly financial results on July 28.
The post PayPal (PYPL) Stock: Board Rejects Stripe’s $60.50-Per-Share Takeover Proposal appeared first on Blockonomi.

Key Highlights
Moonshot AI aims to launch a Hong Kong IPO in the next six months, targeting a valuation exceeding $30 billion
The company’s Kimi K3 model features 2.8 trillion parameters and will be released as open-source on July 27
The firm’s annual recurring revenue surged to $300 million by June from $200 million in April
In certain benchmarks, Kimi K3 surpassed Anthropic’s Opus, becoming the first Chinese open-weight model to achieve this milestone
Hong Kong-listed competitors Zhipu and MiniMax experienced share declines of approximately 27% and 16% after the news broke
Beijing-based Moonshot AI is making waves with plans for a Hong Kong stock exchange debut while unveiling an artificial intelligence model that reportedly rivals America’s top-tier systems.
JUST IN: China's Moonshot AI is planning a Hong Kong IPO within six months after Kimi K3 sent chip stocks into a bear market. pic.twitter.com/bnVOxuNmIa
— Coin Bureau (@coinbureau) July 19, 2026
The Chinese startup has circulated a shareholder resolution requesting consent for the prospective public offering, potentially occurring in the coming six-month period. Investment banks Goldman Sachs and China International Capital Corp are reportedly negotiating potential advisory positions for the listing.
Moonshot is simultaneously finalizing a private financing round that may assign the three-year-old venture a valuation surpassing $30 billion, though final arrangements remain pending.
The company has experienced rapid revenue expansion. Its annual recurring revenue climbed to $300 million by June, representing a significant jump from the $200 million recorded in April—a span of merely two months.
This accelerated growth accompanies the introduction of Kimi K3, an open-weight artificial intelligence system boasting 2.8 trillion parameters. This metric indicates the model’s sophistication and computational power.
Moonshot unveiled the model at Shanghai’s World Artificial Intelligence Conference on July 17. The complete open-source launch is set for July 27.
Performance Comparison of Kimi K3
Independent assessment platforms Artificial Analysis and Arena.ai positioned Kimi K3 alongside premier American models, including OpenAI’s GPT series and Anthropic’s Claude family.
Artificial Analysis placed it above Anthropic’s Opus in select advanced benchmarks. The model also secured the top position in web interface engineering evaluations, outperforming Anthropic’s Fable in blind human-preference comparisons.
Moonshot acknowledges that Kimi K3 remains behind Anthropic’s Claude Fable 5 and OpenAI’s GPT-5.6 in comprehensive performance metrics.
The system is engineered to function with limited human intervention, positioning it as particularly effective for applications including engineering workflows and software development.
Industry Reactions and Market Dynamics
Former Tsinghua University professor Yang Zhilin established Moonshot in early 2023. The company faces competition from DeepSeek, Alibaba’s Qwen, MiniMax, and Z.AI within China’s generative artificial intelligence sector.
The company’s product portfolio encompasses subscription-based chatbot services, enterprise-level model licensing, and Kimi Work, a multipurpose AI agent. Kimi K3’s pricing structure aligns more closely with Anthropic’s Sonnet offering than competing Chinese alternatives.
The revelation negatively affected rival companies. Stock prices for Zhipu and MiniMax fell approximately 27% and 16% respectively on Hong Kong’s stock exchange.
Moonshot’s scale remains below Z.AI, which is nearing $1 billion in yearly revenue. DeepSeek is separately exploring a potential 2027 public offering.
The open-source nature of Kimi K3 enables external developers to access, operate, and customize the model. This approach differentiates it from proprietary closed systems and may apply competitive pressure to Silicon Valley’s commercial AI landscape.
US authorities recently compelled Anthropic to briefly withdraw its Fable and Mythos models due to cybersecurity issues. These limitations have subsequently been removed.
The post Moonshot AI Eyes $30B Hong Kong Listing as Kimi K3 Rivals Leading US AI Systems appeared first on Blockonomi.

Key Takeaways
Tesla’s Q2 earnings release is scheduled for after-hours trading on July 22, with analyst projections pointing to EPS between $0.52–$0.54 and approximately $26.4B in revenue
The stock has fallen more than 15% in 2024, even after exceeding Q2 delivery expectations by shipping 480,126 vehicles
Analyst consensus leans toward Hold with a mean price target of $405.42, suggesting potential 6.5% gains
Key topics for investors include robotaxi deployment timeline, Optimus humanoid robot developments, and capital expenditure validation
The options market anticipates approximately 7% volatility in either direction after earnings disclosure
Tesla’s upcoming Q2 earnings announcement on July 22 carries exceptional significance for investors. With shares declining over 15% since January, stakeholders are seeking concrete direction about the company’s trajectory beyond its automotive operations.
Financial analysts anticipate adjusted earnings per share ranging from $0.52 to $0.54, accompanied by revenue estimates near $26.4 billion — representing approximately 16% annual growth. The company previously announced Q2 delivery figures of 480,126 vehicles alongside production totaling 451,758 units. Despite surpassing delivery forecasts, the stock hasn’t experienced meaningful momentum.
Automotive gross margin stands as a critical metric requiring attention. Consensus estimates place it slightly above 18% when excluding regulatory credits. However, Wells Fargo analyst Colin Langan projects a more conservative 16.8% — falling short of both consensus expectations and Q1’s 19.2% figure. His outlook factors in reduced vehicle pricing and the disappearance of temporary benefits recorded in previous quarters.
Langan represents one of Wall Street’s more skeptical perspectives, holding a Sell rating alongside a $130 price objective. His concerns encompass softening EV demand, ambiguity surrounding upcoming model introductions, and compliance challenges related to self-driving technology.
Autonomous Driving and Humanoid Robotics Take Priority
UBS analyst Joseph Spak offers a more optimistic outlook. While maintaining a Hold recommendation, he elevated his price target to $442, highlighting Tesla’s potential to exceed Q2 EPS projections by up to 37%. He also identifies improving prospects that full-year 2026 vehicle shipments may avoid year-over-year contraction — a development that could trigger upward estimate revisions.
Morgan Stanley’s Andrew Percoco retained his Hold stance while adjusting his target to $417. He anticipates strong automotive and energy segment delivery figures, yet emphasizes that the critical uncertainty centers on whether Tesla’s expanding AI infrastructure investments deliver tangible returns. Capital expenditures are surging beyond double previous levels while free cash flow moves into negative territory. Shareholders demand proof that this spending creates sustainable competitive differentiation.
Bank of America analyst Alexander Perry monitors robotaxi expansion developments intently. Tesla currently operates across five markets following its Miami launch on July 3, with four additional markets under preparation. Safety statistics through mid-June document 22 incidents since program inception, reporting zero serious injuries or deaths — data Perry believes is gradually diminishing concerns about Tesla’s camera-based autonomous approach.
Beyond the Financial Metrics
Optimus represents another significant variable. Tesla aims to commence initial humanoid robot manufacturing at its Fremont production facility during late July or August, potentially unveiling Gen 3 specifications simultaneously. Supplier communications suggest production volumes reaching approximately 1,000 units weekly by September, with scaling projections between 2,000–2,500 weekly units by December.
Morgan Stanley anticipates CEO Elon Musk will discuss Optimus production acceleration, finalized design specifications, and preliminary deployment scenarios during the earnings conference call.
Current Wall Street sentiment comprises 16 Hold ratings, 10 Buy recommendations, and 3 Sell positions. The consensus price target of $405.42 indicates 6.5% appreciation potential from present trading levels. Options pricing models suggest a 7% post-earnings movement in either direction.
The post Should You Buy Tesla (TSLA) Stock Ahead of Q2 Earnings Report? appeared first on Blockonomi.

Key Highlights
2026 revenue guidance upgraded to €43–€45 billion from the previous €36–€40 billion forecast issued in April
Second-quarter revenue reached €9.3 billion with gross margin of 54%, exceeding company projections
Earnings per share of $8.68 per ADR surpassed analyst expectations of $7.92 by approximately 9.6%
Low-NA EUV production capacity set to grow 30% in 2027, with another potential 30% boost being evaluated for 2028
Analyst consensus stands at Strong Buy with a $2,421 average target price, suggesting approximately 38.5% potential gain
On July 15, ASML delivered second-quarter financial results that significantly exceeded its own projections, followed by the company’s second upward revision to its 2026 annual forecast.
Revenue climbed to €9.326 billion, representing a 21.2% increase from the prior year’s €7.692 billion. This performance surpassed management’s guidance range of €8.4–€9.0 billion and beat the Wall Street consensus of €8.80 billion.
Net profit totaled €2.918 billion. U.S.-listed shares reported earnings of $8.68 per ADR, beating the $7.92 Street estimate by roughly 9.6%. Shares have climbed approximately 69% since the start of the year and about 145% over the trailing twelve months, currently trading around $1,748.
The standout performer was the Installed Base Management business — encompassing service contracts and equipment upgrades for existing customer systems. This segment generated €2.762 billion in revenue, approximately €300 million above forecasts. The favorable service revenue composition also drove gross margin to 54%, surpassing the 51%–52% guidance range.
System sales totaled €6.6 billion, with €3.8 billion derived from EUV equipment and €2.8 billion from non-EUV products. Logic chips represented 51% of the customer mix while Memory accounted for 49%. ASML also recognized revenue from one High-NA EUV system shipped during the period.
Significant Upward Revision to 2026 Forecast
The company increased its 2026 annual revenue projection to €43–€45 billion with gross margins expected between 54%–56%. This marks a substantial increase from earlier guidance of €36–€40 billion and margins of 51%–53%. The midpoint represents approximately 35% growth versus 2025’s €32.7 billion in sales.
Third-quarter guidance calls for €11–€12 billion in revenue with margins of 55%–57%. Compared to the €9.3 billion just delivered, the midpoint suggests sequential revenue expansion exceeding 20%.
Chief Executive Christophe Fouquet noted that order momentum remained “extremely strong” through the first six months, with chipmakers advancing their expansion roadmaps in response to artificial intelligence-driven demand for cutting-edge logic and memory semiconductors.
Manufacturing Expansion Takes Center Stage
ASML intends to boost Low-NA EUV production from approximately 65 units in 2026 to roughly 78–80 units in 2027 — representing a 30% capacity increase. This additional output is nearly fully allocated through existing customer commitments. Strong order visibility for 2028 has prompted management to explore an additional 30% expansion.
Deep ultraviolet immersion system capacity, presently around 130 units annually, is being prepared for similar expansion in 2027 and potentially 2028.
Within the Memory segment specifically, [[LINK_START_3]]ASML[[LINK_END_3]] projects system revenue growth exceeding 75% this year as DRAM manufacturers invest heavily in high-bandwidth memory and next-generation DDR production capabilities.
Intel’s deployment of High-NA EUV technology on specific 18A Panther Lake chip layers represents the commercial rollout of ASML’s newest lithography platform.
Shares currently trade at approximately 40 times the 2026 consensus earnings estimate of $43.34, which represents projected earnings growth of roughly 49% from 2025 levels. Wall Street’s mean price target stands at $2,421.36, supported by eight unanimous Buy recommendations with zero Hold or Sell ratings.
The post ASML (ASML) Stock: Unanimous Wall Street Buy Ratings Follow Record Q2 Performance appeared first on Blockonomi.

Key Highlights
On July 17, Apple surpassed Nvidia to reclaim its position as the world’s most valuable company, reaching a market capitalization of $4.88 trillion compared to Nvidia’s $4.86 trillion.
A roughly 3.5% decline in Nvidia’s stock price concluded its 265-trading-day streak as America’s largest company by market value.
The resurgence in Apple’s stock is attributed to evolving investor perspectives on the company’s artificial intelligence initiatives, particularly its Siri transformation.
Tim Cook, Apple’s current CEO, will transition leadership to John Ternus this September.
Among the “Magnificent 7” tech giants, Apple has delivered the strongest performance in 2026 to date.
On Friday, July 17, Apple successfully recaptured the position of the world’s most valuable corporation, surpassing Nvidia for the first occasion since April 2025. The Cupertino-based tech giant’s market capitalization climbed to roughly $4.88 trillion, while Nvidia trailed closely at $4.86 trillion following a 3.5% decline.
Since June 26, 2025, Nvidia had maintained uninterrupted supremacy at the top — an impressive stretch spanning 265 trading sessions. Prior to Nvidia’s ascent, Microsoft occupied the leading position.
While Apple’s shares remained relatively stable throughout the trading day, Nvidia experienced losses, creating sufficient separation to reverse their rankings.
This development signals a fundamental transformation in investor attitudes toward artificial intelligence. Nvidia established its market leadership primarily through surging demand for its GPUs from AI data center operators. However, market participants have recently begun reallocating capital toward companies perceived as AI beneficiaries through alternative frameworks.
“Apple was seen as a laggard in the AI race because it wasn’t spending to develop models, but now sentiment has changed,” said Toni Meadows, head of investment at BRI Wealth Management.
According to Meadows, Apple faces “less exposed to capex intensity and better positioned to monetize AI via services, ecosystem lock-in, and hardware upgrades.”
Apple’s Strategic AI Transformation
In recent weeks, Apple unveiled a substantially delayed redesign of Siri, presenting the enhanced virtual assistant as its competitive response to both established competitors and emerging AI ventures. Industry observers suggest Apple possesses a substantial competitive edge through the personal information housed on iPhones, potentially enabling Siri to become increasingly sophisticated.
The challenge lies in the fact that this information remains protected by stringent privacy protocols. Apple faces the delicate task of leveraging this data’s potential while maintaining its unwavering commitment to user privacy.
Additionally, Apple has implemented price increases across certain product lines to counterbalance escalating expenses, a strategy that may impact consumer demand in future quarters.
Executive Succession on the Horizon
Tim Cook is scheduled to relinquish his role as CEO this September, transferring authority to John Ternus, a seasoned hardware executive. This transition timeline means Cook’s final months leading the company coincide with this significant achievement.
The shift in leadership occurs during a critical juncture as Apple strives to define a more distinctive role within the artificial intelligence landscape.
Nevertheless, Nvidia remains a formidable presence. The company’s graphics processing units continue to drive a substantial portion of the generative AI infrastructure expansion, and market analysts suggest it could reclaim the leading position should investor sentiment pivot once more.
“I don’t see any meaningful distinction. Nvidia likely to be a significant participant in whatever happens going forward,” said Benjamin Hall, VP of alpha research at Segal Marco Advisors.
Within the broader semiconductor sector, the Philadelphia SE Semiconductor index has retreated nearly 19% from its peak levels. Nevertheless, the index has still delivered superior returns compared to Nvidia on a year-to-date basis.
Memory chip manufacturers have also captured investor interest. Micron achieved the $1 trillion market capitalization milestone in May, while South Korea’s SK Hynix commenced trading on the Nasdaq earlier this month.
Among the Magnificent 7 technology stocks, Apple has delivered the strongest performance throughout 2026. As of Friday’s closing bell, it commands the leading position within this elite group.
The post Apple (AAPL) Stock Reclaims Top Spot, Dethroning Nvidia After 265-Day Reign appeared first on Blockonomi.

Key Highlights
Discussions between Meta and Anthropic involve a potential compute agreement valued at up to $10 billion spanning two years
The proposal originated from Anthropic in June; Meta is currently evaluating the terms, though neither company has issued official statements
Under the proposed structure, Anthropic would make monthly payments to Meta, with provisions allowing either company to terminate early
This potential agreement is notably smaller than Anthropic’s current $45 billion, three-year computing contract with SpaceX
Meta is developing a cloud infrastructure division dubbed “Meta Compute” and allocated $145 billion for capital expenditures in 2026
According to a July 17 New York Times report citing three informed sources, Meta and Anthropic have entered preliminary negotiations for a computing services agreement potentially reaching $10 billion over a 24-month period.
META IS REPORTEDLY IN TALKS TO RENT AI COMPUTING POWER TO ANTHROPIC IN A DEAL WORTH UP TO $10B OVER TWO YEARS
Anthropic proposed the deal in June and Meta is considering it, per the NYT, citing three people with knowledge of the talks. Payments would run in monthly increments… pic.twitter.com/GvmpkRXe9v
— WOLF (@WOLF_Financial) July 17, 2026
Sources indicate that Anthropic initiated the proposal in June. The framework under consideration would involve Anthropic making regular monthly payments to Meta throughout the two-year term, with flexibility for either organization to withdraw from the arrangement prematurely. Representatives from both companies have refused to provide commentary.
CNN corroborated the ongoing negotiations, though a source cautioned that the specific financial figures circulating in media reports might be conjectural. CNBC separately verified the existence of these discussions through its own reporting.
Following the news, Meta’s share price dropped by as much as 6% on July 17, though the stock recovered somewhat to finish the trading day down approximately 2%.
Strategic Implications for Both Organizations
For Anthropic, securing adequate computing resources has emerged as a critical obstacle throughout 2026. The AI company has implemented restrictions on usage of its most sophisticated models, such as Claude Fable, as its processing infrastructure has struggled to meet surging user demand.
In May, Anthropic secured a substantial $45 billion, three-year computing services contract with SpaceX, providing access to the Colossus 1 facility located in Memphis. An additional partnership with Meta would significantly expand Anthropic’s GPU resource availability.
The company is simultaneously preparing for its initial public offering, with Reuters indicating that investment bankers are organizing prospective investor presentations in advance of a potential October market debut. Securing multiple computing partnerships prior to the IPO would bolster Anthropic’s investment narrative.
For Meta, these negotiations represent the first public indication of the company’s strategy to commercialize its computing infrastructure for external clients. The initiative is internally referred to as “Meta Compute.”
CEO Mark Zuckerberg indicated in May that Meta was exploring cloud computing services as a mechanism to demonstrate to shareholders that its artificial intelligence investments could generate revenue streams beyond its core advertising business.
Meta’s Massive Infrastructure Expansion
Meta is projected to invest as much as $145 billion in capital expenditures during 2026, representing more than a twofold increase from the $72 billion deployed in 2025. The overwhelming majority of this investment is dedicated to AI hardware acquisition and data center construction.
In May, the company eliminated 8,000 positions while simultaneously reallocating financial resources toward its AI infrastructure expansion. Meta also brought aboard Dave Brown, a former senior executive from Amazon Web Services, demonstrating that its cloud computing aspirations extend well beyond any individual partnership.
Meta currently leases computing capacity from multiple providers, including a $21 billion arrangement with CoreWeave and a $27 billion contract with Nebius.
The unconventional aspect of a potential Meta-Anthropic partnership stems from the fact that Meta develops its proprietary Llama AI models, which directly compete with Anthropic’s Claude offerings. A computing lease agreement would position Meta simultaneously as both a competitive rival and an infrastructure supplier to Anthropic.
This paradoxical relationship already exists within the industry. SpaceX provides GPU resources to both Anthropic and Google. In today’s constrained computing market, companies controlling capacity are monetizing it by serving any client requiring resources, irrespective of competitive dynamics.
The post Meta (META) and Anthropic Negotiate Massive $10B AI Computing Partnership appeared first on Blockonomi.

Key Takeaways
Uniswap community will vote on two critical governance proposals from July 19 through July 26
First proposal introduces v4 protocol fee activation spanning seven blockchain networks
Second proposal enables fee collection for v2 and v3 deployments on Robinhood Chain
All generated fees will contribute to the active UNI token burn protocol
Within just ten days of going live, Robinhood Chain recorded over $6 billion in total Uniswap swap activity
The Uniswap decentralized exchange is preparing for a pair of governance decisions that may substantially increase the rate at which UNI tokens are permanently removed from circulation. The voting window begins on July 19 and concludes on July 26.
Uniswap (UNI) Price
The initial proposal seeks to implement protocol fee collection on designated Uniswap v4 liquidity pools. The scope encompasses Ethereum, Arbitrum, Base, BNB Chain, Polygon, Optimism, and Robinhood Chain. This marks the inaugural governance vote concerning v4 fee activation.
We just submitted two Uniswap governance proposals for final onchain vote:
1) v2 + v3 protocol fees on robinhood chain
2) v4 protocol fees on ethereum, base, arbitrum, robinhood, bnb, polygon, optimism
(third proposal with remaining v4 chains coming soon)
Both direct all new… pic.twitter.com/NUCXxegnte
— Hayden Adams (@haydenzadams) July 17, 2026
The companion proposal, introduced by Uniswap’s creator Hayden Adams, aims to enable fee collection for v2 and v3 protocols operating on Robinhood Chain. All three protocol iterations were deployed to the network during its July 1 launch date.
As an Ethereum Layer 2 solution constructed using Arbitrum’s underlying technology, Robinhood Chain achieved a remarkable milestone. Its Uniswap implementations processed more than $6 billion in aggregate swap volume by July 10—a stunning achievement within merely ten days of operation.
Market analyst BATMAN, active on X under the handle @CryptosBatman, drew attention to UNI’s positive trajectory on July 13. He emphasized that UNI serves as the dominant automated market maker powering Robinhood Chain, thereby generating additional protocol revenue. His technical analysis revealed breakout patterns, with a retest level identified as an attractive entry point.
$UNI has been gaining traction.
This is due to the bullish sentiment created by Robinhood.
UNI is the primary automated market maker for Robinhood Chain, which adds more revenue for them.
The chart is pricing it in through a breakout.
A retest would make a solid entry area. pic.twitter.com/DV036wBm0D
— BATMAN (@CryptosBatman) July 13, 2026
Each proposal channels collected fee revenue through Uniswap’s TokenJar infrastructure. Under this system, searchers can claim accrued fee assets by submitting an equivalent value in UNI tokens. The submitted UNI is subsequently transferred to a designated burn address for permanent removal. Fee collections originating from alternative chains are bridged to Ethereum mainnet prior to destruction.
Adams stated on X: “Based on current volumes, especially Robinhood, we expect the impact on UNI burn to be substantial.”
Understanding v4 Fee Architecture
Implementing fee collection on v4 necessitated developing novel infrastructure components. While v2 and v3 operate with predetermined fee percentages, v4 pools leverage hooks and adaptive fee structures that can fluctuate with each block.
The current proposal establishes a V4FeePolicy contract responsible for fee calculation alongside a V4FeeAdapter that enforces governance parameters. Pools are organized into designated “families” with fees determined through rule-based algorithms rather than individual pool configuration.
An additional v4 voting round addressing five supplementary chains—Celo, Soneium, Worldchain, X Layer, and Zora—will proceed independently. Uniswap’s GovernorBravo smart contract architecture restricts individual proposals to a maximum of ten onchain operations.
UNI Token Burns Leading Up to the Vote
The UNI burn framework debuted as a component of the comprehensive “UNIfication” governance reform approved in December 2025 with overwhelming 99.9% community approval. That historic decision enabled fee collection across v2 and v3 pools on Ethereum mainnet while immediately burning 100 million UNI from the protocol treasury.
The initiative has subsequently expanded across 11 blockchain networks. Last month witnessed a historic single-day burn of 186,000 UNI tokens.
UNI is presently trading near the $3.50 price level.
The post Uniswap (UNI) Burns Accelerate as Robinhood Chain Hits $6B Trading Volume appeared first on Blockonomi.

TÓM TẮT
Cơ quan Giám sát Tài chính Hàn Quốc đã khởi kiện xử phạt chính thức đối với Dunamu sau vụ vi phạm bảo mật Upbit vào tháng 11 năm 2025
Khoảng 32 triệu USD tiền điện tử dựa trên Solana đã bị đánh cắp trong cuộc tấn công kéo dài 54 phút
Các quy định hiện hành thiếu các điều khoản cụ thể cho các sự cố hack, tạo ra sự không chắc chắn về các hình phạt tiềm ẩn
Sàn giao dịch đã bồi thường cho tất cả người dùng bị ảnh hưởng từ quỹ dự trữ của công ty và triển khai các nâng cấp bảo mật toàn diện
Các nhà làm luật đang nỗ lực để khắc phục các lỗ hổng về quy định trong dự luật tài sản số sắp tới

Những điểm chính
Một đặc vụ của Triều Tiên, hoạt động dưới bí danh Tyler Knapp, đã tiếp cận được môi trường phát triển của MetaMask thông qua các kênh trung gian từ nhà thầu
Cá nhân này đã đóng góp vào mã liên quan đến hệ thống tích hợp tiền tệ fiat của ví trong khoảng 30 ngày
Consensys xác định mối đe dọa thông qua các mẫu lưu lượng mạng bất thường và ngay lập tức chấm dứt quyền truy cập
Công ty xác nhận không có tài sản người dùng hay thông tin nhạy cảm nào bị xâm phạm, và không có mã độc được đưa vào
Các hacker có liên kết với Triều Tiên đã chiếm đoạt hơn 1,5 tỷ USD từ Bybit vào năm 2025 và chiếm hơn 50% các vụ trộm tiền mã hóa trong năm đó

Key Takeaways
Brian Armstrong, Coinbase’s CEO, declared Bitcoin’s floor at $60,000 in mid-June 2026
The cryptocurrency declined to $59,743 on June 5, marking its weakest performance since October 2024
A community survey conducted by Armstrong revealed 56% of participants reject his bottom thesis
On-chain metrics highlight Bitcoin’s realized price near $53,600 as a critical support zone
Despite severe downturns, BTC maintains a 33% compound annual growth rate since August 2017
Bitcoin’s current valuation hovers near $64,000 following a significant decline to $59,743 recorded on June 5, 2026. This represented the weakest price level observed since October of the previous year.
Bitcoin (BTC) Price
On June 15, Brian Armstrong, the chief executive of Coinbase, made a public declaration that Bitcoin has likely established its cyclical low at the $60,000 threshold. His analysis draws heavily from the cryptocurrency’s established four-year halving pattern.
According to Armstrong’s assessment, the recent correction appears moderate when contextualized against previous market downturns. The June minimum represented approximately a 50% decline from Bitcoin’s peak of $126,000 reached in October 2025. In stark contrast, the 2022 bear market eliminated roughly 75% of the digital asset’s value.
Don't obsess over timing the exact bottom.
One of the biggest mistakes I see is people mixing their long-term investment portfolio with their trading account.
I keep them completely separate.
Personally, I allocate:
• 90% of my capital to long-term spot investments.
• 10%… pic.twitter.com/gPiMwWhX2W
— Ali Charts (@alicharts) July 15, 2026
Following the $59,743 low point, Bitcoin experienced a swift rebound exceeding $66,000 within days. This price action indicates accumulation activity from market participants who perceived these levels as favorable entry zones.
It’s worth acknowledging that Armstrong maintains vested interests in Bitcoin’s market performance. As Coinbase’s co-founder alongside Fred Ehrsam in 2012, the platform’s financial health depends significantly on cryptocurrency trading activity and asset valuations.
Examining the Underlying Metrics
Armstrong’s reliance on the halving cycle theory carries substantial historical precedent. Earlier market cycles demonstrated Bitcoin establishing lows approximately 12 to 18 months following peak valuations, subsequently recovering to establish fresh record highs.
Nevertheless, blockchain analytics present a more reserved perspective. Bitcoin recently traded in proximity to its realized price of approximately $53,600. This metric represents the aggregate cost basis throughout all circulating Bitcoin units — effectively the weighted average acquisition price among holders.
Spot Bitcoin exchange-traded funds, which debuted in early 2024, have failed to deliver the consistent institutional capital influx that many market observers anticipated. Capital movements have demonstrated volatility, alternating between accumulation and distribution phases without establishing definitive directional momentum.
Throughout the period spanning August 2017 to June 2026, Bitcoin has delivered a compound annual growth rate of 33%, persisting through substantial market collapses in 2018, 2022, and the 2025–2026 timeframe.
Community Sentiment Challenges Armstrong’s Thesis
In a revealing development, Armstrong launched a sentiment survey on X during mid-July to measure market conviction. Among the more than 20,000 participants, 56% expressed disagreement that the market floor has been established. A mere 44% supported his bottom-calling perspective.
These divided responses underscore the prevailing uncertainty characterizing current market conditions. Macroeconomic headwinds — encompassing prospective monetary policy adjustments and international political instability — continue representing variables that could exert downward pressure on Bitcoin valuations.
The $53,600 realized price level has emerged as a focal point for market analysts. Should Bitcoin maintain support above this threshold throughout the summer months, Armstrong’s bottom prediction would gain substantial validation. Conversely, a breakdown beneath this level would redirect attention toward identifying the next potential support zones.
Bitcoin is presently valued at approximately $64,594.
The post Bitcoin (BTC) Price: Coinbase Chief Declares $60K Bottom — Market Sentiment Disagrees appeared first on Blockonomi.

Key Takeaways
ETH currently sits around the $1,870 price level
US-based spot Ethereum ETFs have launched, providing institutional and retail access
Recent network enhancements have doubled capacity while slashing mainnet transaction costs to under $0.02
Rival platforms like Solana present formidable competition with superior speed and affordability
Scaling solutions on layer-2 networks may not directly translate to ETH price appreciation
Within the cryptocurrency landscape, Ethereum maintains its position as the second-largest digital asset following Bitcoin. While Bitcoin serves primarily as a store of value and digital gold, Ethereum functions as the foundational layer powering decentralized applications, DeFi protocols, stablecoin infrastructure, and tokenized real-world assets.
Ethereum (ETH) Price
This expansive functionality positions ETH as an attractive long-term holding, though it doesn’t automatically ensure upward price momentum.
The current market price for ETH stands near $1,870.
Network Evolution and Technical Advancements
Research published in 2026 revealed that Ethereum’s latest protocol improvements successfully doubled the network’s transaction processing capacity throughout both its base layer and layer-2 infrastructure. The median cost for mainnet transactions plummeted from above $2 to less than $0.02. Meanwhile, layer-2 transaction fees experienced reductions exceeding 95%.
$ETH is bouncing from the bottom of the Expanding Diagonal structure, targeting the $12k – $20k orange box pic.twitter.com/uyFp35Lmlx
— Gert van Lagen (@GertvanLagen) July 16, 2026
The implementation of specialized data structures known as “blobs” drove these improvements, dramatically reducing operational costs for Ethereum-compatible rollup solutions including Arbitrum, Base, and Optimism.
July 2024 marked a milestone when spot Ethereum ETFs commenced trading across US markets. This development positioned ETH alongside Bitcoin as accessible investment vehicles through traditional brokerage platforms and tax-advantaged retirement accounts.
Additionally, Ethereum operates on a proof-of-stake consensus mechanism, enabling token holders to generate passive income through network validation. This characteristic gives ETH yield-generating properties that Bitcoin lacks.
Competitive Pressures and Economic Model Questions
The most significant headwind facing Ethereum stems from intensifying blockchain competition. Solana delivers superior transaction speeds and minimal fees within a unified ecosystem, eliminating the complexity of bridging across multiple layer-2 solutions.
Data from 21Shares indicates that Solana accumulated roughly $2.85 billion in total revenue during the twelve-month period from October 2024 through September 2025.
A fundamental concern revolves around economic value accrual. While reduced fees on layer-2 platforms enhance user experience, they simultaneously diminish revenue flowing to Ethereum’s base layer. This creates a scenario where Ethereum could underpin substantial economic activity without corresponding ETH price appreciation.
Industry analysts have additionally identified concerning levels of consolidation among Ethereum block producers, sparking debates about potential centralization vulnerabilities within critical network components.
Historical price action demonstrates that ETH exhibits significant volatility and has periodically lagged Bitcoin’s performance throughout various market phases.
The post Ethereum (ETH) Analysis: Should You Invest in ETH Right Now? appeared first on Blockonomi.

Tóm tắt nhanh:
Dòng tiền vào quỹ ETF crypto của BlackRock đạt 343,4 triệu USD trên IBIT, ETHA và ETHB trong năm phiên giao dịch kết thúc vào ngày 17 tháng 7.
IBIT thu hút 204,1 triệu USD dù mở đầu giai đoạn với khoản rút ròng 185,5 triệu USD trước khi ghi nhận bốn phiên tăng điểm.
Các sản phẩm Ethereum của BlackRock bổ sung 139,3 triệu USD, trong đó ETHA cung cấp gần như toàn bộ nguồn vốn mới nhận được trong tuần.
Các số liệu phản ánh dòng tiền ròng của nhà đầu tư vào các ETF do BlackRock quản lý, chứ không phải các giao dịch mua tiền mã hóa cho bảng cân đối kế toán doanh nghiệp của BlackRock.

TLDR:
Giá XRP giữ vững quanh mức 1,09 USD khi người mua bảo vệ vùng hỗ trợ 1,08 USD, dù việc bán lặp lại quanh 1,12 USD đang hạn chế đà phục hồi hiện tại.
Video đã được phát hành lại xác nhận SWIFT đã làm việc với R3 để kết nối các quy trình Corda với SWIFT gpi, nhưng không xác nhận SWIFT đã áp dụng XRP.
XRP đã được đưa vào cuộc thảo luận sau khi Corda Settler chọn tài sản này làm loại tiền mã hóa đầu tiên được hỗ trợ trước bản thử nghiệm khái niệm SWIFT năm 2019.
Sổ cái XRP hiện có hơn tám triệu tài khoản đã được kích hoạt, trong khi các chỉ báo kỹ thuật cho thấy xu hướng tích lũy chứ chưa phải một đột phá đã được xác nhận.

Thông tin đăng nhập của oracle bị xâm phạm đã khiến các mức giá thị trường sai lệch lọt qua bộ xác minh của Ostium như thể là các báo cáo hợp lệ.
Tám khoản thanh toán cho một ví đã giúp xác nhận khoản lỗ cuối cùng 23.752.746 USDC từ kho OLP của giao thức.
Tài sản thế chấp của trader vẫn được cách ly, nhưng các vị thế đang mở vẫn bị đóng băng cho đến khi sẵn sàng một lần ra mắt lại an toàn.
Phần lớn USDC bị đánh cắp đã trở thành 12.084 ETH trước khi được chuyển qua Tornado Cash, khiến các nỗ lực khôi phục trở nên khó khăn hơn.
Ostium đã xác nhận rằng vụ vi phạm an ninh ngày 15 tháng 7 của hãng đã rút cạn 23.752.746 USDC từ kho thanh khoản của giao thức dành cho nhà cung cấp thanh khoản. Theo báo cáo, kẻ tấn công đã xâm phạm cơ sở hạ tầng định giá ngoài chuỗi và gửi các báo cáo giả mạo trông có vẻ hợp lệ đối với nền tảng.

Đợt hồi của Bitcoin hiện đã tạo ra một cụm cung do người nắm giữ ngắn hạn nắm giữ dày đặc trong khoảng 62.000 đến 65.000 USD.
Một đợt tăng bền vững vượt qua 66.000 USD sẽ xóa bỏ kháng cự cục bộ và củng cố cấu trúc kỹ thuật của đợt phục hồi.
Glassnode đặt mức hòa vốn cho người nắm giữ ngắn hạn trên phạm vi rộng ở gần 69.000 USD, cao hơn vùng bứt phá ngay lập tức.
Việc giảm bán ra của người nắm giữ dài hạn mâu thuẫn với dòng tiền vào ETF yếu và thiếu xác nhận từ nhu cầu giao ngay.
Bitcoin đang tiến gần một bài kiểm tra quan trọng trên chuỗi sau khi phục hồi từ khoảng 57.000 USD và tiến về khu vực kháng cự 66.000 USD. Đợt hồi đã đẩy lượng cung gần đây vào một vùng tập trung mới trong khoảng 62.000 đến 65.000 USD, theo nhà nghiên cứu của Glassnode CryptoVizArt.

Saylor lập luận rằng các quy tắc của Bitcoin nên vẫn trung lập và tránh việc kiểm soát các hoạt động giao dịch hợp pháp, có trả phí.
BIP 110 đề xuất các giới hạn tạm thời đối với các giao dịch nặng dữ liệu, bao gồm các mục sử dụng liên quan đến OP_RETURN và Taproot.
Sự hậu thuẫn từ phía thợ đào vẫn quanh mức 0,86%, thấp kịch tính so với ngưỡng báo hiệu 55% cần thiết để kích hoạt cơ chế khóa (lock-in).
Cuộc tranh luận hiện tập trung vào việc liệu phi tập trung có cần những giới hạn chặt chẽ hơn hay tính trung lập giao dịch rộng rãi hơn.
Chiến lược gia kiêm Chủ tịch điều hành Michael Saylor đã tăng cường sự phản đối đối với BIP 110, coi đề xuất này là một phép thử trực tiếp về tính trung lập trong giao dịch của Bitcoin.

Các cơ quan quản lý của Mỹ đã bỏ lỡ hạn chót ngày 18/7, khiến các quy định quan trọng của Đạo luật GENIUS về stablecoin cho nhà phát hành vẫn chưa được hoàn thiện.
Các đề xuất lớn về dự trữ, hoàn lại, vốn, lưu ký và tuân thủ vẫn đang chờ cơ quan liên bang xem xét.
Luật vẫn có hiệu lực vào ngày 18/1/2027, trừ khi các quy định cuối cùng khiến việc vận hành bắt đầu sớm hơn.
Các nhà phát hành, ngân hàng và sàn giao dịch hiện phải lên kế hoạch trong nhiều tháng xoay quanh những yêu cầu tuân thủ liên bang chưa hoàn tất.
Các cơ quan quản lý tài chính của Mỹ đã bỏ lỡ hạn chót xây dựng quy định theo Đạo luật GENIUS vào ngày 18/7, khiến khung pháp lý mới cho payment-stablecoin của nước này phụ thuộc phần lớn vào các đề xuất chưa được hoàn thiện. Mặc dù việc trì hoãn không đình chỉ hiệu lực của luật, nhưng nó làm phức tạp công tác chuẩn bị cho nhà phát hành, ngân hàng, sàn giao dịch và các công ty khác trước ngày bắt đầu vào tháng 1/2027.

Hai thành viên phục vụ của Mỹ đã thiệt mạng và một người còn lại vẫn mất tích sau khi Iran tấn công Căn cứ Không quân Muwaffaq Salti.
Các tên lửa tốc độ cao, cơ động đã thách thức các lớp phòng thủ, dù CENTCOM chưa xác định được loại vũ khí.
Những đợt tấn công trước đó vào hệ thống radar khu vực có thể đã làm giảm thời gian cảnh báo sẵn có đối với các kíp vận hành Patriot và THAAD.
Các quan chức Mỹ đang xem xét sự hỗ trợ nhắm mục tiêu từ nước ngoài, nhưng chưa có liên kết trực tiếp nào được xác nhận công khai.
Một cuộc tấn công bằng tên lửa đạn đạo và máy bay không người lái của Iran nhắm vào một căn cứ quân sự ở Jordan đã giết chết hai thành viên phục vụ của Mỹ và khiến một người khác mất tích vào ngày 17 tháng 7. Bộ Chỉ huy Trung tâm Mỹ cho biết lực lượng đang phòng vệ trước các vũ khí đang bay tới thì các thương vong xảy ra tại Căn cứ Không quân Muwaffaq Salti gần Azraq.

Điểm nổi bật
Galaxy Digital đã chốt thỏa thuận quyền đặt tên có thời hạn 15 năm cho địa điểm tổ chức bóng đá của Đại học Texas Tech, nơi hiện được gọi là Sân vận động Galaxy
Quan hệ đối tác này chỉ định Galaxy là đối tác chính thức của Texas Tech Athletics cho các tài sản số và vận hành trung tâm dữ liệu
Galaxy vận hành cơ sở trung tâm dữ liệu Helios tại Quận Dickens, cách khuôn viên khoảng 60 dặm, với công suất được cấp phép 1,6 gigawatts
Sân vận động Galaxy sẽ ra mắt vào ngày 5 tháng 9 năm 2026, khi Texas Tech tiếp đón Abilene Christian trong trận mở màn mùa giải

Những điểm chính
Kịch bản trung lập dự phóng XRP trong khoảng từ $5 đến $8 vào năm 2031, được thúc đẩy bởi sự gia tăng mức độ tích hợp của các tổ chức
Trong kịch bản lạc quan, XRP có thể tăng lên $15–$25 nếu nó nắm bắt được một phần đáng kể thị trường thanh toán toàn cầu
Triển vọng bi quan đặt XRP ở mức $1–$2 nếu việc áp dụng bị đình trệ hoặc áp lực cạnh tranh gia tăng
Dòng tiền vào quỹ ETF có thể làm hạn chế nguồn cung lưu hành trong khi tăng khả năng tiếp cận đối với nhà đầu tư cá nhân và tổ chức
Với các kịch bản xác suất có trọng số, mục tiêu cho XRP vào năm 2031 tập trung quanh mức $7,90