Blockonomi

Những ý chính
Walmart đã công bố EPS điều chỉnh Q2 đạt 0,81 USD, vượt kỳ vọng của nhà phân tích là 0,74 USD, trong khi doanh thu đạt 187,9 tỷ USD, tăng 5,9% so với cùng kỳ năm trước.
Doanh số bán hàng tương đương tại Mỹ của các cửa hàng Walmart chỉ tăng 2,6%, thấp hơn dự báo 3,67% và là mức tăng trưởng nội địa chậm nhất trong sáu năm.
Cổ phiếu WMT lao dốc khoảng 7% trong giờ giao dịch trước khi mở cửa, giảm xuống dưới giá mở cửa của cổ phiếu tính từ đầu năm.
Công ty đưa ra dự báo EPS điều chỉnh cho Q3 trong khoảng 0,62 đến 0,64 USD, đồng thời nâng triển vọng cả năm lên mức 2,80 đến 2,87 USD mỗi cổ phiếu.

Key Takeaways
FreeCast shares tumbled 19% even after announcing strategic RBTI distribution partnership.
New agreement brings 28 Brazilian television channels to FreeCast’s streaming ecosystem.
Partnership aims to serve Brazilian diaspora communities throughout North America.
Shares recovered 4.71% in early pre-market activity, reaching $1.78 per share.
RBTI collaboration aligns with FreeCast’s international market expansion objectives.
Shares of FreeCast (CAST) experienced a significant 19.05% decline, closing at $1.70, following the company’s announcement of a Brazilian content distribution partnership with RBTI. Despite the downturn, early pre-market trading showed a 4.71% recovery, with shares climbing back to $1.78. The deal introduces 28 Brazilian television channels to FreeCast’s growing streaming infrastructure.
FreeCast, Inc. Class A Common Stock, CAST
Market Reaction Contradicts Brazilian Content Expansion
According to FreeCast’s announcement, RBTI will integrate its collection of Brazilian television programming into the company’s streaming platform. The collaboration specifically targets expatriate Brazilian communities residing throughout the United States and Canadian markets. RBTI’s content portfolio includes programming from the SBT network along with original productions tailored for international viewership.
The newly added RBTI channels will complement FreeCast’s existing portfolio of FAST (Free Ad-Supported Streaming Television) services and video-on-demand offerings. FreeCast’s strategy involves creating a comprehensive hub for Brazilian cultural programming, news coverage, entertainment, and general interest content. The initiative specifically addresses Portuguese-speaking communities seeking connections to Brazilian television programming while living abroad.
Despite the strategic nature of this partnership, FreeCast shares encountered significant selling activity, ultimately closing at $1.70. The substantial 19.05% drop occurred despite what appears to be a positive business development announcement. The subsequent pre-market bounce to $1.78 suggests potential investor reassessment after the initial reaction.
International Streaming Architecture Takes Shape
The Brazilian content partnership represents one component of FreeCast’s larger vision for international streaming distribution. The company’s strategy focuses on developing region-specific streaming environments while facilitating connections between domestic content and overseas audience segments. This Brazilian initiative serves as a blueprint for similar geographic expansions.
FreeCast’s Platform-as-a-Service infrastructure enables broadcasters, telecommunications firms, internet service providers, content creators, and distribution partners to deploy streaming services efficiently. The comprehensive platform integrates live broadcast television, FAST channel technology, on-demand video libraries, premium subscription tiers, advertising capabilities, payment processing, and customer management systems. Additionally, the system facilitates content discovery across smart TVs, mobile platforms, and browser-based interfaces.
Rather than forcing partners to build standalone streaming applications from scratch, FreeCast offers turnkey technology and monetization frameworks. As a result, regional media organizations can maintain their brand identities while leveraging FreeCast’s technical infrastructure and revenue systems. This model potentially accelerates FreeCast’s ability to penetrate additional international territories.
Strategic Value of RBTI Collaboration
RBTI specializes in delivering Brazilian content to diaspora audiences while producing programming specifically designed for viewers outside Brazil. Through integration with FreeCast’s platform, these channels gain broader digital distribution alongside thousands of complementary entertainment options. Simultaneously, FreeCast strengthens its value proposition for Brazilian communities throughout North America.
This collaboration establishes a bidirectional distribution framework connecting regional content providers with international viewer bases. FreeCast can deliver Brazilian programming to global audiences while simultaneously introducing its extensive FAST and VOD catalog into specific geographic markets. This framework provides a replicable template for partnerships with broadcasters representing other countries and languages.
FreeCast has articulated a vision of serving as foundational infrastructure for an interconnected global streaming ecosystem. The company’s approach involves customizing programming partnerships, content offerings, and consumer services for individual markets while maintaining consistent core platform technology. The RBTI partnership thus represents another building block in FreeCast’s comprehensive international expansion roadmap.

The post FreeCast (CAST) Stock Plunges 19% Following Brazil Streaming Partnership Announcement appeared first on Blockonomi.

Điểm nổi bật
Zayo đã công bố việc mở rộng quan hệ cung cấp cáp quang với Corning (GLW) kéo dài đến năm 2030.
Thỏa thuận này hỗ trợ sáng kiến đầy tham vọng của Zayo nhằm mở rộng mạng lưới thêm 15.000 dặm tuyến đường trước năm 2030.
Hơn 8.000 dặm hạ tầng cáp quang đường dài mới sẽ được phát triển song song với NVIDIA.
Sự gia tăng về nhu cầu đối với hạ tầng AI đang thúc đẩy nhu cầu triển khai mạng lưới tiên tiến, mật độ cao.
Cổ phiếu của Corning (GLW) giảm 4,65% xuống còn 152,46 USD sau thông báo.

Key Takeaways
Micron revealed plans for Micron Research Labs, a U.S.-based innovation center with a projected $10 billion investment spanning a decade.
The research center will operate from Boise, Idaho, concentrating on memory innovation, artificial intelligence computing, advanced packaging, and semiconductor production.
Ground-breaking is slated for 2027, with the facility designed to accommodate hundreds of research scientists.
This $10B commitment stands apart from Micron’s earlier $250 billion pledge toward domestic manufacturing and research development.
Leading technology executives from Nvidia, Apple, Applied Materials, and Lam Research endorsed the project.
Micron Technology (MU) revealed Micron Research Labs on Thursday, outlining a strategic $10 billion investment to establish America’s first purpose-built memory research facility. MU stock declined 0.39% to $937.11 in market activity after the disclosure.
The research center will occupy space on Micron’s existing Boise, Idaho campus, with construction scheduled to commence during the 2027 calendar year.
The complex will accommodate hundreds of research professionals and concentrate on memory innovation, next-generation memory and computing frameworks, advanced packaging solutions, and chip production techniques.
Micron indicates the capital deployment will extend across ten years, financing academic partnerships, international satellite laboratories, and collaborative ventures throughout the semiconductor sector.
Chief Executive Sanjay Mehrotra positioned the initiative within the context of artificial intelligence leadership. “Today’s strategic choices will define who dominates the AI economy ahead, and America’s artificial intelligence future depends on domestically produced memory,” he stated.
Micron possesses 62,000 patents accumulated over its lifetime and remains the sole U.S.-headquartered memory manufacturer. This unique position forms the foundation of the company’s strategic messaging around this capital commitment.
The $10 billion allocation exists independently from the $250 billion Micron previously announced for domestic manufacturing and research operations. That comprehensive strategy is projected to generate over 90,000 employment opportunities.
Commerce Secretary Howard Lutnick endorsed the initiative, declaring it “will strengthen American innovation, create hundreds of jobs and ensure memory never limits innovation.”
Technology Sector Endorsements
The revelation garnered endorsements from prominent technology industry leaders. Nvidia CEO Jensen Huang, Apple CEO Tim Cook, and leadership from Applied Materials and Lam Research all expressed backing for the venture.
White House Office of Science and Technology Policy Director Michael Kratsios also commented, providing governmental endorsement for what Micron characterizes as a strategically significant national undertaking.
Research Focus Areas
Micron Research Labs will integrate with the corporation’s current research network spanning the United States, Europe, Japan, India, Singapore, and Taiwan.
The facility targets research initiatives with timelines extending beyond a decade, aiming to cultivate the next wave of memory technology researchers while pursuing immediate technological advances.
Priority research domains encompass next-generation memory and computing architectures, packaging breakthroughs, and semiconductor fabrication methodologies, all aligned with artificial intelligence infrastructure requirements.
Commercial partners, academic institutions, governmental organizations, and semiconductor ecosystem collaborators will participate in research activities at the facility.
The laboratory will be situated within Micron’s current Boise campus property, with construction initiation anticipated during 2027.
The post Micron (MU) Stock: Chipmaker Plans $10B Memory Research Facility in Idaho appeared first on Blockonomi.

Key Takeaways
Nvidia’s Q2 fiscal earnings scheduled for August 26, with projected revenue around $91 billion
Leading analysts from Stifel and Oppenheimer maintain bullish stance with $282 and $265 targets respectively
Current valuation shows NVDA at approximately 24.5x forward earnings, representing a 43% discount to its historical five-year multiple
Market focus shifting toward Q3 revenue outlook, with analysts expecting $103.5 billion
Overwhelming analyst consensus shows Strong Buy rating with mean price target of $305.86, suggesting 41% potential gain
Shares of Nvidia climbed 0.4% during Wednesday’s premarket session, reaching $218.46 as investors position themselves ahead of the closely watched earnings release. The chip giant’s stock has advanced 17% since the start of the year, though it continues to underperform the PHLX Semiconductor Index, which has rocketed 66% during the same timeframe.
With the August 26 earnings date rapidly approaching, prominent Wall Street research firms are projecting results that exceed current market expectations.
Ruben Roy from Stifel maintained his $282 price objective this week, forecasting that Nvidia will surpass Street consensus calling for adjusted earnings of $2.09 per share on revenues reaching $91.96 billion. His valuation model applies a 22x multiple to his fiscal 2028 earnings projection.
“Cloud service provider capital expenditure increases throughout earnings season have repeatedly validated robust demand dynamics,” Roy noted in his research.
Meanwhile, Oppenheimer’s Rick Schafer reaffirmed his $265 price objective, emphasizing that Nvidia currently commands just 16 times his 2027 earnings per share forecast. This valuation metric stands well below the 30-plus multiple average seen among AI semiconductor competitors.
“The combination of industry-leading profit margins and AI-powered secular growth trends solidifies Nvidia’s position as the dominant AI infrastructure provider,” Schafer stated.
Even with extraordinary growth metrics, the stock’s 2026 performance has been relatively modest compared to semiconductor peers. Companies including Dell and Micron have delivered gains exceeding 100% year-to-date, while Nvidia’s returns have more closely mirrored general market performance.
Valuation Analysis Suggests Attractive Entry Point
With its current market capitalization standing at $5.45 trillion, Nvidia’s shares trade at approximately 24.5x forward non-GAAP earnings. This multiple aligns with semiconductor industry norms while sitting roughly 43% beneath the company’s five-year historical average.
Some investor caution stems from recurring concerns that major cloud providers including Microsoft, Amazon, Alphabet, and Meta might eventually reduce their data center infrastructure investments. However, these hyperscale operators have consistently signaled plans for further capital expenditure expansion through 2027.
The company’s most recent quarterly report demonstrated revenue expansion of 85% alongside adjusted EPS growth of 140%. Despite these impressive figures, the stock experienced minimal movement. This pattern has persisted across the previous four reporting periods, as stellar growth has become baseline expectations rather than positive surprises.
Management’s Q2 revenue guidance targets $91 billion with a 2% variance, explicitly excluding any China-based data center compute sales. The company projects non-GAAP gross margins near 75%, essentially maintaining Q1 levels.
Forward Guidance Expected to Drive Stock Movement
Since Wall Street broadly anticipates Q2 revenues around $92 billion, a marginal beat would simply validate existing expectations. Industry analysts emphasize that the Q3 outlook will likely prove more consequential for stock direction.
Current consensus estimates place Q3 revenue at $103.5 billion, representing approximately 81% year-over-year expansion. Any upside to this forecast, particularly if accompanied by improved gross margin guidance, could trigger upward revisions to earnings models across the Street.
From a technical standpoint, Nvidia’s chart structure appears constructive. The stock’s moving averages maintain bullish alignment, with the 50-day simple moving average positioned at $207, approximately 5% beneath current trading levels.
Among the 33 analyst ratings published within the last three months, 32 recommend Buy while just one suggests Hold. The consensus price target sits at $305.86.
The post Should You Buy Nvidia (NVDA) Stock Ahead of Next Week’s Earnings Report? appeared first on Blockonomi.

Key Takeaways
Jefferies shifted Dollar Tree (DLTR) to Hold from Underperform, setting a $135 price target.
Q2 customer traffic improved to 1.4%, while July saw a significant acceleration to 4.5%.
The firm boosted its Q2 EPS projection to $1.15, surpassing the Street’s $1.12 estimate.
Wealthfront Advisers initiated a position with 69,904 shares valued at about $8 million during Q2.
Analyst consensus stands at Moderate Buy with a $129.22 average target price.
Shares of Dollar Tree (DLTR) were changing hands near $131.84 during Thursday’s session, climbing approximately 1% following an analyst upgrade from Jefferies that included a boosted price target of $135.
Jefferies analyst Corey Tarlowe initiated the rating change, elevating DLTR from Underperform to Hold. His shift in perspective stems from strengthening customer foot traffic patterns and diminishing concerns about additional market-share erosion.
Dollar Tree’s second-quarter fiscal 2026 rolling traffic data registered a 1.4% increase, marking a turnaround from the prior quarter’s 0.8% contraction. The positive trend accelerated in July with traffic advancing 4.5%, indicating sustained strength entering the third quarter.
Tarlowe had earlier expressed reservations regarding operational challenges and competitive pressures. He was also apprehensive that elevated transaction values might negatively impact store visits and profitability. These worries have diminished as both comparable-store sales and traffic patterns have demonstrated improvement.
Analyst Boosts Q2 Projections Before Report
Looking toward the August 26 earnings release, Jefferies increased its second-quarter comparable-sales forecast to 3.4%. This projection comprises a 0.8% traffic contribution and a 2.6% average-ticket increase.
Additionally, the firm elevated its Q2 earnings-per-share estimate to $1.15 from a previous $1.00, positioning it above the consensus Wall Street forecast of $1.12.
Dollar Tree faces ongoing operational challenges. The retailer must complete the conversion of all 9,000 locations to its G.O.L.D. Standard format, designed to enhance store presentation consistency and elevate quality throughout the network.
Jefferies identified a possible third-quarter headwind for average transaction values, connected to Dollar Tree’s 40th-anniversary promotion featuring $1 merchandise. Lower-priced offerings generally result in reduced basket sizes, although they may simultaneously attract increased customer visits.
Institutional Interest Strengthens
Wealthfront Advisers LLC established a fresh stake in DLTR throughout the second quarter, acquiring 69,904 shares valued at roughly $8.05 million. Multiple other institutional investors have expanded their holdings in recent periods.
Institutional stakeholders currently control 97.4% of DLTR’s shares outstanding.
Dollar Tree’s most recent quarterly results, disclosed May 28, delivered EPS of $1.74, exceeding the $1.53 consensus forecast by $0.21. Top-line revenue reached $4.98 billion, representing a 7.2% year-over-year expansion.
The retailer also announced a $2.5 billion stock-buyback authorization in July, representing approximately 10.7% of shares outstanding.
Additional analyst activity includes Raymond James upgrading DLTR to Outperform with a $140 price objective in July. Guggenheim elevated its target to $135 while maintaining a Buy rating in May.
DLTR trades within a 52-week band of $84.71 to $142.40, carries a market capitalization of $25.34 billion, and posts a PE multiple of 20.60.
The Street’s overall rating consensus registers as Moderate Buy with an average price objective of $123.41, marginally beneath current trading levels.
The post Dollar Tree (DLTR) Stock Climbs on Jefferies Upgrade as July Traffic Surges 4.5% appeared first on Blockonomi.

Key Takeaways
Morgan Stanley forecasts gold will surpass $5,000 per ounce by 2027
The precious metal reached Morgan Stanley’s Q4 projection of $4,450 sooner than anticipated
Treasury Department’s decision to expand liquidity operations drove bond yields down, supporting gold’s rally
Major central banks like China and Poland continue accumulating gold in their reserves
Federal Reserve anticipated to maintain current rates throughout 2026, though markets see 33% probability of September increase
The yellow metal has experienced significant appreciation throughout 2026. According to Morgan Stanley, gold has already reached its fourth-quarter forecast of $4,450 per ounce earlier than projected, with the investment bank now establishing a trajectory toward exceeding $5,000 by 2027.
Gold Dec 26 (GC=F)
In a research note, analyst Amy Gower indicated that despite the bullish trajectory, market participants should anticipate considerable price fluctuations ahead.
Treasury Department Move Fuels Upward Momentum
An unexpected declaration from the U.S. Treasury Department provided fresh momentum to gold markets this week. Treasury Secretary Scott Bessent revealed plans to expand certain liquidity-support mechanisms related to longer-maturity government securities by 100%.
This initiative resulted in declining yields on long-dated Treasury bonds. Lower yields enhance gold’s appeal since the opportunity cost of maintaining a position in non-interest-bearing assets like gold decreases.
The U.S. dollar simultaneously declined, trading near its lowest point in three months. Dollar weakness typically provides tailwinds for gold valuations as it reduces purchase costs for international buyers using alternative currencies.
Spot gold reached its peak level since early June before experiencing a retracement. By Thursday morning trading, spot gold had declined approximately 0.8% to $4,487 per ounce amid profit-taking activity. Gold futures contracts remained relatively unchanged at $4,544 per ounce.
Global Central Banks Maintain Accumulation
Persistent central bank purchasing has provided fundamental support for gold prices. Morgan Stanley’s analysis reveals China has acquired 60 tons of gold year-to-date, representing its largest accumulation since 2023. Poland has increased holdings by 82 tons, elevating total reserves to 632 tons while pursuing a 700-ton objective.
The financial institution noted that monetary authorities have strategically utilized price corrections to expand reserves, establishing effective price support levels.
Regarding investor demand, exchange-traded fund activity has improved. Following 93 tons of withdrawals during May and June, ETFs recorded 70 tons of additions throughout July and August. Morgan Stanley attributed this shift to reduced market expectations for Federal Reserve rate increases.
Morgan Stanley’s economics team projects the Federal Reserve will maintain its current policy stance throughout 2026. Recently published Fed minutes revealed persistent inflation concerns, with numerous policymakers indicating openness to rate increases should inflationary pressures fail to moderate toward the 2% objective.
Futures markets indicate approximately one-in-three odds of a rate hike occurring at the September policy meeting, based on CME FedWatch data.
U.S. national debt has surpassed $40 trillion for the first time, intensifying concerns regarding America’s fiscal trajectory. Morgan Stanley observed that gold has begun exhibiting independence from real yields, appreciating even during periods of stable long-term yields—a pattern the bank interprets as reflecting fiscal sustainability concerns rather than pure yield dynamics.
Several risk factors persist. Forthcoming U.S. inflation reports could alter interest rate projections, and short positions on gold at COMEX have declined to levels not seen since April 2020, potentially limiting upward price pressure from short-covering activity.
The post Morgan Stanley Forecasts Gold to Surpass $5,000 by 2027 appeared first on Blockonomi.

Tóm tắt nhanh
ScanSource đã công bố EPS điều chỉnh Q4 đạt 1,46 USD, vượt kỳ vọng của các nhà phân tích 1,14 USD thêm 0,32 USD
Doanh thu hàng quý đạt 953,1 triệu USD, vượt đáng kể dự báo 821,95 triệu USD, tương ứng mức tăng 17% so với cùng kỳ năm trước
Nhà phân phối công nghệ công bố kế hoạch mua MicroAge với giá 220,5 triệu USD trong một giao dịch toàn bộ bằng tiền mặt
Cổ phiếu của SCSC tăng 19% trong phiên giao dịch trước giờ mở cửa vào Thứ Năm
Ban lãnh đạo dự phóng doanh thu ròng tài khóa 2027 tăng 6% đến 10%, không bao gồm giao dịch MicroAge

Key Highlights
Bitcoin rallied more than 10% to reach $70,000, marking its highest level since early June following US Treasury bond market intervention
The Treasury Department’s buyback program pushed the 10-year yield down to 4.65% and the 30-year to 5.19% under Scott Bessent’s direction
Equity futures showed mixed signals on Thursday morning, with Dow futures declining 0.1%, S&P 500 holding steady, and Nasdaq 100 advancing 0.1%
Walmart shares declined despite beating earnings estimates, weighed down by decelerating domestic sales expansion
America’s national debt surpassed the $40 trillion threshold while President Trump announced aggressive economic measures targeting Iran
This week brought an unexpected development from the US Treasury Department, which revealed plans to expand bond buyback operations significantly for longer-maturity securities. Treasury officials designed this strategy to suppress yields on the long end of the curve.
BREAKING: The US Treasury announces it will double the size long-term US government debt buybacks following the rapid surge in US Treasury yields.
Repurchases of $2 billion will now be increased to "at least" $4 billion, the US Treasury said.
The move is intended to provide…
— The Kobeissi Letter (@KobeissiLetter) August 19, 2026
Following the announcement, the benchmark 10-year Treasury note’s yield declined to 4.65%. Meanwhile, the 30-year bond yield retreated to 5.19%. However, by Thursday’s opening, yields showed signs of reversal, with the 10-year climbing back to 4.68%.
Scott Bessent’s strategic market intervention brought stability to trading sessions on Wednesday. Each of the three primary US equity benchmarks finished Wednesday’s session with gains.
Thursday’s pre-market activity painted a different picture. Futures contracts for the Dow Jones Industrial Average retreated 0.1%. The S&P 500 futures remained unchanged. Nasdaq 100 contracts registered a modest 0.1% gain.
E-Mini S&P 500 Sep 26 (ES=F)
According to Deutsche Bank’s macro strategist Henry Allen, while the buyback expansion wasn’t substantial in absolute terms, it “offers a signal that officials are willing to support the long end.”
Crypto Markets Rally as Bitcoin Surpasses $70K
Digital assets delivered the most dramatic market response. Bitcoin surged over 10% and breached the $70,000 threshold for the first time in more than four months.
The Treasury Department’s action weakened the US dollar. Already trading near three-month lows, the greenback depreciated an additional 0.1% versus major currency peers Thursday morning. Historically, dollar weakness has correlated with Bitcoin price appreciation.
The bond market intervention also created potential complications for Federal Reserve policy. Fed Chairman Kevin Warsh had been relying on market forces to assist with monetary tightening. Bessent’s initiative could undermine that framework.
Retail Giant Reports Mixed Results While National Debt Climbs
Walmart delivered quarterly results Thursday that exceeded analyst projections. Despite the earnings beat, shares tumbled as the retailer’s domestic sales momentum decelerated.
Meanwhile, America’s total government debt crossed the $40 trillion milestone. This represents more than a doubling of the debt burden in under ten years.
President Trump also intensified his stance on Iran. In a Truth Social post Wednesday night, he announced plans for what he termed an “ECONOMIC D-DAY” targeting Iran. He characterized the initiative as “economic warfare and isolation on an unprecedented scale.”
The president’s frustration stemmed from stalled negotiations regarding the Strait of Hormuz reopening and broader Iran conflict resolution.
Wednesday’s Treasury bond rally appeared to lose momentum as Thursday trading began. Questions remain about whether the expanded buyback initiative can deliver sustained support to the fixed-income market.
Market participants continue monitoring yield movements as the government prepares for substantial debt issuance ahead. The dollar’s ongoing weakness and Bitcoin’s breakthrough above $70,000 represent the most definitive market responses thus far.
The post Bitcoin (BTC) Soars Past $70K as Treasury Doubles Bond Buyback Program appeared first on Blockonomi.

TLDR:
Venus Protocol adds Asseto’s CASH+ token as collateral within its Institutional Fixed Rate Vault.
United Stables’ $U stablecoin now serves as the borrow asset against tokenized CASH+ collateral.
Institutions can borrow on-chain liquidity without selling their underlying CASH+ token positions.
The CASH+ Institutional Fixed Rate Vault is now live for eligible institutions on BNB Chain.
Venus Protocol has partnered with Asseto and United Stables to broaden institutional real-world asset lending on BNB Chain.
The collaboration brings Asseto’s tokenized cash-management fund token, CASH+, into Venus Protocol’s Institutional Fixed Rate Vault as collateral.
United Stables’ $U token will serve as the corresponding borrow asset. The arrangement lets institutional holders access on-chain liquidity without selling their underlying CASH+ positions, extending tokenized assets into structured credit markets.
Venus Protocol Links Tokenized Collateral With Credit Markets
Venus Protocol operates the vault infrastructure that connects tokenized RWA collateral with on-chain stablecoin liquidity.
Within this structure, CASH+ functions as collateral while $U becomes the asset borrowers draw against it. Institutions maintain exposure to their CASH+ holdings while still accessing liquidity at a fixed rate.
https://TWITTER.com/VenusProtocol/status/2090408726192660851?s=20
Iris, Head of Venus Protocol, explained the thinking behind the integration. “Tokenized real-world assets shouldn’t just sit on-chain, they should be able to work,” she said.
“By bringing CASH+ into our Institutional Fixed Rate Vault as collateral, we’re giving institutions a way to access liquidity from their RWA holdings without giving up exposure.”
Tokenization brings traditional financial instruments on-chain, and lending extends how those instruments can be used afterward.
Venus Protocol frames this vault as the connective layer between tokenized collateral and usable, on-chain credit for institutional participants.
Bridget, CEO and co-founder of Asseto, described the company’s long-term goal for the token. “Our goal with CASH+ has always been to bring institutional cash-management exposure on-chain in a form that’s genuinely usable,” she said. “Integrating with Venus extends CASH+ from tokenized exposure into collateral that can support on-chain borrowing.”
Institutional Liquidity Expands Through Venus Protocol Vault
Athena, CEO of United Stables, pointed to the broader relevance of stablecoins in institutional finance. “Institutional credit is an important use case for stablecoins,” she said. “With $U serving as the borrow asset against CASH+ collateral, this collaboration connects stablecoin liquidity directly with institutional on-chain lending.”
The partnership expands the role of $U across the broader BNB Chain ecosystem while giving CASH+ holders another use for their tokenized positions. Both assets now function within a shared lending structure rather than operating separately.
As more traditional financial assets move on-chain, the infrastructure built around them determines how widely they can be used.
Access to lending and liquidity lets tokenized assets participate more actively within on-chain financial markets rather than sitting as static holdings.
Venus Protocol’s Institutional Fixed Rate Vaults bring tokenized collateral and on-chain liquidity together through structured, fixed-rate lending markets.
The collaboration with Asseto and United Stables adds to the credit infrastructure available for institutional RWAs on BNB Chain.
The CASH+ Institutional Fixed Rate Vault is now live on BNB Chain. Eligible institutions can explore the vault and find further details through Venus Protocol’s official channels.
The post Venus Protocol Partners with Asseto, United Stables to Expand Institutional RWA Lending appeared first on Blockonomi.

Key Takeaways
SpaceX shares dropped more than 1% during pre-market hours Thursday following the unlock of 319 million additional shares
The company previously experienced a 911 million share unlock on August 6, which counterintuitively pushed shares up 6%
Trading patterns reveal SpaceX has minimal correlation with major tech stocks, behaving more as a market sentiment indicator
Wall Street maintains optimism with a consensus price target of $232.35, suggesting potential gains exceeding 66%
Nearly 40% of SpaceX’s outstanding shares may be available for trading by year-end December
Shares of SpaceX (SPCX) declined more than 1% during Thursday’s pre-market session, trading at $137.60, as an additional 319 million shares became available for public trading.
The newly unlocked shares provide early backers and company personnel the opportunity to liquidate their positions, introducing additional shares into the marketplace. This development arrives approximately two weeks following a substantially larger release of roughly 911 million shares on August 6.
Interestingly, that previous unlock event failed to spark widespread selling pressure. Contrary to expectations, SPCX stock climbed more than 6% during that session, demonstrating that share unlocks don’t necessarily precipitate mass exits.
The current unlock represents approximately 7% of shares still subject to trading restrictions. Market participants are closely observing whether this release will follow a different trajectory.
Additional unlock events remain on the horizon. Another batch of 319 million shares is anticipated to become tradable in September, followed by subsequent scheduled releases. Analysts project that approximately 40% of the company’s total outstanding shares could be freely available for trading by December.
The aerospace company experienced a successful public market entrance, finishing its inaugural trading session at $161.11—approximately 19% higher than its $135 initial public offering price. Shares subsequently reached a post-listing peak of $225.64 before experiencing a steep decline following its maiden quarterly financial disclosure, tumbling beneath $105.
Understanding SpaceX’s Trading Dynamics
The stock has rebounded from those depressed levels and posted approximately 2% gains across the previous five sessions. However, shares continue trading significantly below their post-IPO zenith.
DataTrek analyst Jessica Rabe conducted an examination of SPCX’s trading behavior compared to other equities. Her findings revealed unexpected patterns. SpaceX demonstrates virtually no correlation with the Magnificent Seven technology giants, despite its trillion-dollar valuation and investments in artificial intelligence infrastructure and data facilities.
The correlation coefficient between SpaceX and the Mag Seven registers at merely 0.28. By contrast, Apple exhibits roughly 0.7 correlation with the S&P 500 index. SPCX has even displayed inverse correlations with Amazon and Meta.
Rather, SpaceX functions more as a barometer for overall market risk appetite. During periods of investor confidence, the stock attracts buying interest. When uncertainty emerges, selling pressure materializes.
The stock also demonstrates strongest correlations with fellow aerospace companies including Rocket Lab and AST SpaceMobile ($ASTS).
“SpaceX doesn’t yet trade like a clean proxy for any single investment theme,” Rabe wrote. “Six weeks in and one earnings report into public life, the market still hasn’t decided what SpaceX is.”
Wall Street’s Perspective
Notwithstanding recent price weakness, financial analysts continue expressing confidence in the shares. Clear Street analyst Brian Dobson maintained his Buy recommendation with a $217 price objective, highlighting domestic manufacturing and secured supply chain networks as strategic differentiators.
UBS analyst John Hodulik similarly preserved his Buy stance with a $210 target price. He emphasized sustained expansion opportunities across Starlink and complementary technology operations, including prospective revenue from Starlink Mobile and the V3 satellite network buildout.
According to TipRanks data, SPCX holds a Moderate Buy consensus rating based on 24 Buy recommendations, six Hold ratings, and two Sell opinions. The consensus price target sits at $232.35, representing potential upside exceeding 66% from present trading levels.
The post SpaceX (SPCX) Stock Dips as Another 319M Shares Unlock for Trading appeared first on Blockonomi.

TLDR:
Giá Bitcoin tăng 11,50% trong 24 giờ, đạt 71.875,32 USD trong bối cảnh hoạt động mua bù short (short covering) diễn ra mạnh mẽ.
Binance ghi nhận cú siết short mạnh nhất từ trước đến nay, thanh lý hơn 311 triệu USD vị thế short một cách nhanh chóng.
Kho bạc đã tăng gấp đôi chương trình mua lại trái phiếu lên 4 tỷ USD, kéo lợi suất trái phiếu kỳ hạn 10 năm xuống 4,647% tính tổng.
Tổng giá trị thanh lý crypto đạt 1,59 tỷ USD trong 24 giờ khi các vị thế short Bitcoin được tháo gỡ nhanh chóng.
Bitcoin đã tăng lên 71.875,32 USD tính đến thời điểm hiện tại, ghi nhận mức tăng 11,50% trong 24 giờ và tăng 13,00% trong bảy ngày qua. Khối lượng giao dịch đạt 65,6 tỷ USD khi người mua lấn át các lệnh short có đòn bẩy trên các sàn giao dịch lớn.

Những điểm nổi bật
Lợi nhuận trên mỗi cổ phiếu (EPS) quý 3 của Deere đạt 5,10 USD, cao hơn kỳ vọng của nhà phân tích là 4,69 USD là 0,41 USD
Doanh thu theo quý đạt 12,61 tỷ USD, vượt xa dự báo đồng thuận 10,81 tỷ USD
Cổ phiếu tăng 0,6% lên 584 USD trong giờ giao dịch trước mở cửa thị trường
Công ty đã nâng dự báo lợi nhuận ròng tài khóa 2026 lên 4,75-5 tỷ USD, từ mức 4,5-5 tỷ USD trước đó
Dự báo doanh số bán hàng theo ngành khu vực đã được điều chỉnh giảm, trong đó doanh số bán các thiết bị hạng lớn tại Bắc Mỹ được dự kiến sẽ giảm 15%-20%
Nhà sản xuất thiết bị nông nghiệp đã công bố lợi nhuận quý 3 đạt 5,10 USD/cổ phiếu, vượt kỳ vọng của Phố Wall là 4,69 USD. Doanh thu theo quý ghi nhận 12,61 tỷ USD, cao hơn đáng kể so với dự báo đồng thuận của các nhà phân tích là 10,81 tỷ USD. Cổ phiếu tăng 0,6% trong phiên giao dịch đầu ngày, lên mức 584 USD.

Những điểm chính
Cổ phiếu Micron tăng khoảng 1% trong phiên giao dịch trước giờ mở cửa hôm Thứ Năm, dao động quanh mức 945 USD, mặc dù không có tin tức cụ thể nào liên quan trực tiếp đến công ty.
SK Hynix đã công bố chương trình mua lại cổ phiếu ba tháng trị giá 29 tỷ USD; Samsung đang chuẩn bị chương trình mua lại vượt 100 nghìn tỷ won; Kioxia gần đây đã hoàn tất một chương trình trị giá khoảng 5 tỷ USD.
Do các điều khoản gắn với thỏa thuận Đạo luật Chips năm 2024, Micron vẫn bị cấm thực hiện các đợt mua lại lớn, và các hạn chế này sẽ được dỡ bỏ vào ngày 9 tháng 12 năm 2026.

Key Takeaways
Shares of Tesla retreated 0.5% to $349.26 on Thursday, following a strong 4.2% advance the previous session sparked by Cybercab event speculation.
The electric vehicle maker previewed a forthcoming Cybercab showcase, suggesting the custom-built autonomous taxi could join its operational fleet imminently.
According to JPMorgan analyst Rajat Gupta, the next significant milestone for the robo-taxi fleet hinges on the deployment of FSD Version 15 expected later this year.
Following discussions with Tesla’s leadership team, JPMorgan expressed optimism about Cybercab’s near-term expansion potential, with additional vehicle variants anticipated on the same architecture.
Commercial availability of the Optimus Gen 3 humanoid robot may commence in late 2027, with an official unveiling scheduled closer to Fremont production launch.
Shares of Tesla relinquished some of their recent gains Thursday morning, falling 0.5% to $349.26, following a robust 4.2% climb Wednesday that was driven by heightened interest surrounding the automaker’s Cybercab autonomous taxi initiative.
Year-to-date, the stock remains down 22% in 2026. Broader market indices also showed weakness, with S&P 500 and Dow futures declining 0.1% and 0.2% respectively.
The prior session’s rally followed Tesla’s Monday evening preview of an upcoming Cybercab showcase. The purpose-designed two-passenger autonomous vehicle, built without a steering wheel, has generated significant investor interest as stakeholders await the robo-taxi operation’s expansion.
Tesla has not provided a response to inquiries regarding event details.
The automaker initiated its autonomous ride-hailing service with Model Y vehicles in Austin, Texas during June 2025, subsequently expanding to several additional markets. Following that initial launch, Tesla shares surged 8%, though they’ve subsequently declined approximately 1% through Wednesday’s close.
JPMorgan analyst Rajat Gupta conducted a recent visit to Tesla’s Fremont, California manufacturing facility. His assessment was positive, characterizing it as the company’s “primary test bed for innovation” spanning approximately 5 million square feet.
FSD V15 Emerges as Primary Catalyst
Gupta identified FSD Version 15 as the pivotal upcoming milestone. He characterized it as a “step-change in performance” that integrates seven fundamental technologies. Approximately 40% of these components are currently undergoing testing within the robotaxi fleet, with preliminary results reported as positive.
Tesla verified that its HW4 hardware platform supports FSD V15 and unsupervised autonomous driving capabilities. The upgraded AI4.5 computing system delivers roughly 10% additional processing capacity and double the memory resources, engineered to accommodate increasing computational requirements as fleet operations expand.
Tesla informed JPMorgan that it has halted additional Model Y deployments to the robo-taxi network. This decision signals leadership’s conviction that Cybercab can achieve meaningful scale in the immediate future.
Tesla also emphasized that Cybercab represents only the initial offering. Additional vehicle configurations are planned as the platform matures, including a design referenced as the Obovan.
Optimus Humanoid Robot Follows Extended Development Path
Regarding its robotics division, Tesla indicated that commercial distribution of the Optimus Gen 3 may begin during the latter half of 2027. The public unveiling will be strategically timed near Fremont production commencement to maintain competitive positioning.
Tesla acknowledged that Gen 4’s engineering and functionality will be informed by operational experience gained from Gen 3 deployment.
The Fremont facility recently repurposed its Model S and X manufacturing infrastructure for humanoid robot production. This transformation was not observable during JPMorgan’s facility tour.
Gupta maintains a Hold rating on Tesla shares with a $445 price objective.
The post Tesla (TSLA) Shares Retreat as Cybercab Event Anticipation Grows – JPMorgan Analysis appeared first on Blockonomi.

TLDR:
Bitcoin trades below the $68,500 Short-Term Holder Cost Basis and $75,800 True Market Mean.
Relative Unrealized Loss peaked near 25%, far below the 60%+ seen in prior cycle bottoms.
Realized Profit/Loss Ratio sits at 0.75, well above the sub-0.5 seller exhaustion threshold.
Perpetual demand turns positive and ETF outflows ease, but Coinbase Premium stays negative.
Bitcoin rebounds seen in recent weeks remain local rallies rather than a broader trend reversal, according to Glassnode.
The on-chain analytics firm says the asset trades beneath the $68,500 Short-Term Holder Cost Basis. It also sits under the $75,800 True Market Mean.
Glassnode attributes the weakness to rising Treasury yields and muted spot demand. Both factors keep price anchored near cycle lows. Until those conditions shift, the firm maintains that any recovery lacks the strength to be called a reversal.
Macro Conditions Keep Bitcoin Under Pressure
The US dollar has weakened since July, typically a supportive signal for risk assets. Price has not responded to this shift in a meaningful way. Elevated Treasury yields appear to be offsetting any benefit from the softer dollar.
The 10-year Treasury yield has climbed toward 4.7% in recent weeks. Higher yields raise the cost of holding assets that generate no income.
Glassnode points to this dynamic as a key reason price has struggled to recover. A sustained decline in yields would likely support a stronger move.
Glassnode Says Bitcoin Rebounds Remain Local Rallies, Not a Trend Reversal
Bitcoin remains below both the roughly $68,500 Short-Term Holder Cost Basis and the $75,800 True Market Mean, with Glassnode’s on-chain models continuing to place the market in a capitulation regime.… pic.twitter.com/1dFCp0dGjU
— Wu Blockchain (@WuBlockchain) August 20, 2026
Gold has climbed near $4,400 while oil trades in the mid-$80s. Both assets have benefited from demand for scarce, inflation-sensitive holdings.
Bitcoin has lagged this broader move despite its scarcity narrative. The asset continues to trade more like a liquidity-driven risk instrument.
Market commentary on social media has pointed to this widening gap in recent days. Several traders noted that gold and oil are advancing while price stays range-bound near its lows.
On-Chain Data Confirms Capitulation Phase
Bitcoin broke below both major cost basis levels in February 2026. Glassnode’s models have flagged a bear market regime ever since. Coins are changing hands beneath what buyers and long-term holders paid.
The Short-Term Holder Cost Basis has fallen to $68,500. This sits below the True Market Mean of $75,800. Such a configuration typically appears during capitulation phases. Historically, cycle bottoms have formed within this type of structure.
Relative Unrealized Loss peaked near 25% during the current drawdown. Prior cycles saw this figure exceed 60% at similar stages.
Source; Glassnode
The shallower reading suggests less aggregate financial stress this cycle. Wide distribution of purchase prices around the election period helps explain the gap.
The Realized Profit/Loss Ratio remains at 0.75 on a 90-day basis. Glassnode notes this ratio has historically fallen below 0.5 before exhaustion.
A recovery toward a reading of 2 would signal a stronger shift. Until then, the firm views the bottoming process as unfinished.
Derivatives Improve While Spot Demand Lags
The 30-day Perpetual Market Directional Premium has turned positive again. Leveraged traders are once more paying to hold long positions.
The reading remains modest compared with prior bullish phases. This suggests improving sentiment without reaching euphoric extremes.
The Coinbase Premium Index has stayed negative through much of the consolidation. This points to limited spot buying from US-based investors.
The gap between derivatives and spot activity remains a key signal. A move back above zero would mark a meaningful shift.
Spot ETF flows have improved after heavy outflows in June and July. The seven-day average had fallen to roughly -5,000 BTC per day.
Source: Glassnode
Flows have since turned positive on several occasions, including early August. Consistent accumulation has yet to fully take hold.
Implied volatility has compressed toward the lower end of its two-year range. Bitcoin’s DVOL reading now sits in the mid-30s.
Options markets are pricing in limited near-term price swings. Prolonged compression of this kind can leave markets sensitive to sudden catalysts.
The post Glassnode: Bitcoin Rebounds Are Local Rallies, Not a Trend Reversal Yet appeared first on Blockonomi.

Những điểm nổi bật
Cổ phiếu MRNA tăng vọt 177% vào thứ Tư sau dữ liệu thử nghiệm lâm sàng Giai đoạn III thành công đối với intismeran, vắc-xin ung thư hắc tố (melanoma) của hãng.
Đây chỉ là lần thứ hai trong 25 năm qua, một cổ phiếu thuộc S&P 500 tăng gấp đôi giá trị trong đúng một phiên giao dịch.
Hiệu suất từ đầu năm đến nay hiện đạt 491%, xếp thứ hai trong số tất cả các thành phần của S&P 500, chỉ đứng sau Sandisk.
Các nhà phân tích phố Wall đã nâng mục tiêu giá và điều chỉnh tăng mức đánh giá, đồng thời cảnh báo rằng sự lạc quan có thể đã được phản ánh đầy đủ trong giá hiện tại.

Key Takeaways
Walmart’s Q2 adjusted earnings per share reached $0.81, surpassing the $0.74 analyst projection
The retailer reported $187.9 billion in revenue, representing 5.9% year-over-year growth and exceeding expectations
U.S. comparable store sales increased only 2.6%, falling short of the 3.67% Wall Street consensus
Updated full-year adjusted EPS forecast still trails analyst projections despite being raised
WMT shares declined 6% during Thursday’s premarket session
Shares of Walmart tumbled 6% in Thursday’s premarket session as the retail giant’s U.S. comparable sales expansion significantly underperformed Wall Street expectations, overshadowing its earnings and revenue achievements.
WMT was changing hands at approximately $107.40 before the market opened, sliding from Wednesday’s close of $114.30.
The company’s second-quarter adjusted earnings per share hit $0.81, exceeding the $0.74 Wall Street consensus. Total revenue climbed to $187.9 billion, representing 5.9% year-over-year expansion and beating the $186.75 billion forecast.
However, the critical weakness emerged in comparable sales performance. Walmart’s U.S. stores recorded comp sales growth of merely 2.6%, significantly trailing the 3.67% analyst estimate. This represents the retailer’s weakest U.S. sales expansion in six years.
WALMART $WMT Q2’27 EARNINGS HIGHLIGHTS
Revenue: $187.9B (Est. $186.7B) ; +5.9% YoY
Adj. EPS: $0.81 (Est. $0.74) ; +19% YoY
Net Income: $6.5B (Est. $5.91B)
eCommerce Sales: +23% globally
Raises FY27 Guide:
Adj. EPS: $2.80-$2.87 (Est. $2.8)
Net Sales… pic.twitter.com/buFedi2MuZ
— Wall St Engine (@wallstengine) August 20, 2026
Mizuho’s analyst David Bellinger characterized the results as a “worst-case scenario” and “one of the biggest misses in years from WMT.”
The retail behemoth has faced headwinds throughout the summer months. Shares had already retreated approximately 15% following the company’s previous quarterly report in mid-May, pressured by anxieties surrounding lower-income consumer spending patterns and inflationary pressures stemming from the Iran War.
While the retailer is set to receive billions in tariff reimbursements, CFO John David Rainey indicated these funds will be allocated toward reducing prices and enhancing customer experience rather than margin expansion.
The gross profit rate expanded by 96 basis points, while operating income jumped 28.8%. Measured on an adjusted constant currency basis, this metric increased 17.4%.
Positive Performance Areas
The company’s global eCommerce operations expanded 23%, fueled by store-fulfilled pickup and delivery services along with marketplace expansion. Global advertising revenue soared 38%, with Walmart U.S. advertising matching that impressive growth rate.
“Our team delivered another good quarter, and we continue to make steady progress on the long-term value drivers of our business,” said John Furner, President and CEO of Walmart.
Updated Outlook Falls Short of Expectations
Looking ahead to fiscal 2027, Walmart elevated its full-year adjusted EPS outlook to $2.80 to $2.87, up from the previous range of $2.75 to $2.85. Net sales are projected to expand 4% to 5% in constant currency terms, revised upward from earlier guidance of 3.5% to 4.5%.
Wall Street analysts had anticipated $2.90 per share and 5.5% sales growth. The company’s revised outlook remained below expectations on both metrics.
For the third quarter, Walmart projects net sales growth between 3% and 3.75% with adjusted operating income growth of 2% to 4%. Management highlighted a headwind exceeding 100 basis points related to the timing shift of Flipkart’s Big Billion Days promotional event between Q3 and Q4.
Notwithstanding the share price decline, analyst sentiment remains predominantly positive. Among 45 analysts monitored by FactSet, all but seven maintain bullish ratings on Walmart, with an average price target approaching $140.
The post Walmart (WMT) Stock Plunges 6% After Weak U.S. Comparable Sales Growth appeared first on Blockonomi.

Tóm tắt nhanh
Moderna giảm 10% vào hôm thứ Năm sau khi hôm thứ Tư ghi nhận mức tăng đột biến 177% nhờ kết quả thử nghiệm vắc-xin ung thư đầy hứa hẹn
Cổ phiếu lĩnh vực tiền mã hóa, bao gồm Coinbase, Robinhood và Strategy, đã ghi nhận mức tăng đáng kể sau khi Tổng thống Trump kêu gọi tại Quốc hội nhằm thúc đẩy việc quản lý quy định đối với tiền mã hóa
Bitcoin bứt phá vượt 9% lên khoảng 71.000 USD, đánh dấu hiệu suất mạnh nhất kể từ đầu tháng 6
Cổ phiếu Walmart giảm 6,1% dù công ty tăng các dự báo hằng năm, nhưng những dự báo này không đáp ứng kỳ vọng của Phố Wall

TLDR:
Pump Foundation holds nearly $2 billion in treasury assets, mostly in stablecoins, no SOL held.
Baton Corporation develops pump.fun and receives about $100 million yearly for operations.
Pump.fun has generated over $1 billion in total revenue since its January 2024 platform launch.
With 13.5 million active wallets, pump.fun now drives about 40% of Solana’s network activity.
Pump Foundation currently holds close to $2 billion in treasury assets, according to Pump fun co-founder Noah Tweedale.
Tweedale shared the figure during an interview with Crypto Insider published on August 8, 2026. The foundation operates separately from Baton Corporation, the UK-based company that develops the platform.
Baton receives roughly $100 million annually to cover development, technology, and other operating costs. The treasury holds no SOL and instead consists mainly of stablecoins and other assets.
Foundation Structure and Revenue Sources
Pump Foundation’s funds come primarily from its initial coin offering and ongoing platform revenue. This separation keeps foundation assets distinct from the operational budget used by Baton Corporation. Baton handles the technical side of the business, building and maintaining the trading platform.
The foundation’s treasury composition reflects a conservative approach to asset management. Holding stablecoins rather than SOL reduces exposure to token price swings. This structure allows the foundation to fund long-term initiatives without relying on volatile crypto holdings.
Tweedale also addressed the team behind Pump fun during the conversation. The team maintains a young average age of 25 years old. Despite its size, the group manages a treasury approaching $2 billion alongside a sizable annual budget.
The co-founder acknowledged past communication gaps with investors and the wider community. He stated the team plans to increase transparency going forward. Regular updates are expected to become part of the foundation’s ongoing strategy.
Platform Growth and Future Expansion
Pump fun launched in January 2024 and has since generated over $1 billion in revenue. The platform now engages 13.5 million active wallets across its ecosystem. That activity accounts for roughly 40% of total network usage on Solana.
The platform started as a basic meme coin launchpad before evolving further. It has since become a mobile-first social trading platform built for everyday users.
Traders can now deposit funds and place trades directly from their phones. This shift removed many of the technical barriers that once limited crypto trading access.
Looking ahead, the team is expanding its mobile app, web interface, and a professional trading terminal. New initiatives include GoDo.fun, a bounty-based feature, and a boost mode for coin launches. Both additions aim to support faster platform growth going forward.
A pump.fun stablecoin is also under consideration by the team. Such a token would let traders denominate trades in US dollars instead of SOL.
The platform already supports cross-chain assets from BNB, ETH, and Base networks, giving users broader access beyond the Solana ecosystem alone.
The post Pump Foundation Treasury Holds Nearly $2 Billion, Co-Founder Reveals appeared first on Blockonomi.