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The Magnum Ice Cream Company (MICC) posted first-half core earnings above analyst expectations on July 30. Cost cuts since its 2025 spinoff from Unilever (UL) drove the beat, alongside a heatwave-driven summer surge for Ben & Jerry’s.

Revenue reached €4.7 billion, up from €4.5 billion a year earlier, with organic sales growth of 4.7% across every region. Adjusted EBIT climbed 7.5% to €716 million, though separation costs pulled net profit down to €349 million.

Ben & Jerry’s Powers a Hot Start to Summer

Ben & Jerry’s led the gains across the portfolio. Growth accelerated sharply once summer heat set in across Europe. New stick and sandwich formats pulled fresh buyers into the brand, both in the Americas and in Europe.

“Ben & Jerry’s grew mid-single-digit and had an outstanding second quarter with 9.2% growth.”

Peter ter Kulve, the company’s CEO, praised a frontline-first operating model in a statement tied to the results. Sustained heat across Europe has already lifted other heatwave-driven cooling stocks this summer, and that trend now extends to frozen treats.

Magnum, Cornetto, and the Heartbrand also posted gains. All four core brands showed positive momentum, and Yasso, the company’s high-protein pint line, kept growing at a double-digit pace. The pattern echoes the seasonal plays behind several US stocks to watch this July.

Magnum’s Cost Cuts and Productivity Gains Lift Margins

A productivity programme launched in 2024 delivered €90 million in first-half savings, most of it from the supply chain. Waste reduction and better factory use both contributed. Meanwhile, a favorable working capital swing tied to the Unilever separation nearly doubled Free Cash Flow to €273 million.

Standalone financing pushed net finance costs up to €72 million, compared with just €10 million a year earlier. That shift lines up with the broader high-rate backdrop highlighted by the Fed’s July decision to hold rates steady, a move that rattled bond markets and pushed long-term borrowing costs to multi-year highs.

The earnings beat nonetheless continues a summer pattern of firms topping Wall Street estimates. It follows Robinhood’s earnings beat and Intel’s surprise profit beat earlier this season, both delivered despite mixed investor reactions.

Shares of Magnum Ice Cream (EURONEXT: MICC) were changing hands near €16.16 ahead of the print, up roughly 19% for the year and close to the all-time high of €16.74 hit on July 7. The stock has climbed steadily since bottoming near €11 in late April, and the chart shows that run largely intact heading into results day.

Management reaffirmed full-year guidance of 3% to 5% organic sales growth. The company now enters peak summer demand with momentum intact. A pending antitrust review of its freezer-cabinet practices in Türkiye adds a regulatory wrinkle to watch.

The next quarter should still show whether the heat and the cost discipline both hold.

The post Heatwave Boosts Ice Cream Sales as Magnum Beats Earnings Forecasts appeared first on BeInCrypto.

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The US government has not paid this much to borrow money since 2007. The 30-year Treasury yield closed at 5.20% on Wednesday, hours after the Federal Reserve left interest rates alone.

Three Fed officials wanted a rate hike instead. Bond traders sided with them.

Why the 30-Year Treasury Yield Jumped

A bond yield is what lenders charge to hold government debt. When it rises, borrowing gets pricier for everyone.

The Federal Open Market Committee (FOMC) kept its rate range at 3.50% to 3.75%. The vote was 9 to 3.

Beth Hammack, Neel Kashkari and Lorie Logan each wanted a quarter point increase, the Fed statement shows.

Long-term bonds fell hardest. The 30-year yield rose from 5.09% to 5.20%, and the 10-year climbed to 4.67%.

Short-term bonds went the other way. The two-year yield slipped to 4.22%.

That split is the signal. Traders are worried about the next 30 years, not the next 30 days. Some intraday quotes ran as high as 5.244%.

Three dissents sound dramatic. They are not that rare, and four officials broke ranks in April. The direction is what stands out. Three votes for higher rates at one meeting last happened in September 2016.

The Fed has not raised rates since July 2023. The three dissenting officials want that streak to end.

Chair Kevin Warsh took the job on May 22. He refused to call the decision a pause and defended the 2% inflation target at his press conference.

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This Looks Like 2007, But It Is Not

The last time the 30-year yield sat here, the Fed was about to cut rates. In July 2007, the yield was 5.28%. The Fed’s own rate was 5.25%. The two were basically level.

Two months later the Fed cut by half a point. Warsh, then a Fed governor, voted for it. Today the picture is flipped. The 30-year yield sits roughly 1.45 percentage points above the Fed’s rate.

In 2007, long rates were falling toward a rescue. Now they are climbing away from one. Someone pays for that. The interest bill on US debt hit $857 billion in nine months, up 13% from a year earlier.

“Outlays for net interest on the public debt rose by $98 billion (or 13 percent) because the debt was larger than it was in the first nine months of fiscal year 2025 and because of higher long-term interest rates,” the Congressional Budget Office reported.

Interest now costs more than Medicare, at $778 billion. It also beats military spending, at $677 billion.

Total US debt reached about $39.8 trillion in late July.

Oil is not helping either. West Texas Intermediate crude settled 6.6% higher at $84.46 a barrel on Wednesday.

US Central Command said Iran fired ballistic missiles at American forces on July 28. All were intercepted. The US-Iran ceasefire collapse keeps oil risk alive.

Where Bitcoin and Gold Fit In

Crypto did not follow bonds down. Bitcoin (BTC) traded near $64,730 on Thursday, up 0.48% on the day.

Bitcoin’s recent price action shows a 9.2% gain over 30 days, though it is down 45% over a year.

Gold traded near $4,078 an ounce on Thursday. It had settled at $4,036.30 the day before.

Ellen Zentner, chief economic strategist at Morgan Stanley Wealth Management, says traders only delayed the hike.

“September remains a live meeting, and the incoming inflation data between now and then will be all that matters,” Zentner said.

Thursday’s inflation data helped the doves. The Fed’s preferred gauge, personal consumption expenditures (PCE), rose 3.7% in the year to June, down from 4.1% in May.

Core PCE, which strips out food and fuel, came in at 3.3%.

Even so, inflation has topped 2% every month since March 2021. Global bond yields climbed to their highest since 2008 earlier this year, and the long end never came back down.

The Fed meets again on September 15 and 16. That is when the three dissenters find out if they were right.

The post 30-Year Treasury Yield Hits 2007 High as Bond Market Doubts the Fed appeared first on BeInCrypto.

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Russian authorities charged BitRiver founder Igor Runets with alleged fraud tied to a $8 million crypto mining equipment deal involving Russian billionaire Oleg Deripaska.

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Fhenix and Canopy integrate confidential computation to simplify private onchain app development.

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Summary

• Fhenix and Canopy integrate confidential computation, enabling developers to build privacy-preserving onchain apps with encrypted data.
• The two projects have launched a confidential app template, bringing fully homomorphic encryption to sovereign blockchain applications.
• Fhenix brings encrypted computation to the Canopy Stack, simplifying confidential onchain app development with familiar tooling.

Fhenix and Canopy are integrating confidential computation into the Canopy Stack, giving developers a direct way to build sovereign onchain apps that keep user data encrypted while it is being used. The integration removes the need for teams to assemble a separate cryptography stack or hire specialist cryptographers before they can ship private application logic.

The new Canopy Confidential App template is powered by Fhenix’s CoFHE coprocessor for fully homomorphic encryption (FHE). Developers will be able to add encrypted computation through a familiar TypeScript library, making confidentiality part of the app from the start rather than a feature added later. The approach extends Canopy’s existing platform model: the stack handles the underlying infrastructure so builders can focus on the application.

Public-by-default infrastructure works for many onchain use cases, but it breaks down when applications handle commercially sensitive, personal, or strategic data. Some teams respond by moving to closed networks. Fhenix and Canopy are taking a different approach: keep the network open while keeping the data encrypted.

Confidential operations are added through Canopy’s plugin and runtime layer without changing its base consensus. A user’s input is encrypted in the Canopy wallet and submitted as a standard transaction. CoFHE processes the encrypted data offchain, and when a result must be disclosed, a trust-minimized process returns a signed value for Canopy to verify before state is settled. Builders access the flow through familiar tooling, without managing a separate privacy stack or encryption keys.

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The core Canopy components are already live, including plugin lifecycle hooks, the state bridge, plugin scaffolding, and the wallet runtime. CoFHE is currently deployed across Ethereum, Arbitrum, and Base. Work on the remaining encrypted-transaction components is in progress.

What it enables

In an onchain game, a player’s hand, units, and map knowledge can remain encrypted. Players submit moves privately and learn only the outcome of each encounter, such as who won, how much damage was dealt, or which territory changed hands.

The same model applies to business workflows. A buyer can open an RFP, receive encrypted bids from multiple suppliers, and publish only the winner and winning price at the deadline. The losing bids do not need to be revealed to the other participants.

The Fhenix integration is in development and is scheduled to roll out in Q4 2026. Canopy is currently live on public testnet, with 16.8k forks and more than 100,000 daily active wallets.

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Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Bitcoin’s market cycles could be more closely linked to the US political calendar than many investors think, according to a new analysis shared by Alphractal founder Joao Wedson.

In a July 30 post on X, he showed that the flagship cryptocurrency has repeatedly entered bear markets before US midterm elections, only to recover after voters head to the polls.

Recurring Election Cycle Patterns

Wedson compared Bitcoin’s price history against US election cycles and found what he described as a recurring sequence. According to his chart, BTC enters a bear market about one year before every US midterm election before starting a longer bull market right after the vote. In some cycles, the market bottom formed just days before the election, while in others it came shortly afterward.

He also noted that presidential elections have produced a different effect, with Bitcoin rallying strongly every time a president won an election before approaching a major cycle top not long after the president was inaugurated.

“Data reveals patterns that narratives often miss,” wrote the analyst.

According to Wedson, XRP offers an even more striking example, starting a steep rally on the day Donald Trump won the 2024 election and reaching a local peak on January 20, 2025, the day Trump was inaugurated.

His observations are quite similar to those made in a Binance Research report from earlier in the year, which found that BTC has historically struggled during US midterm election years before posting gains once the political uncertainty faded.

Per the report, Bitcoin dropped by an average of about 56% during completed midterm cycles since 2014, before returning an average gain of roughly 54% in the year after the elections.

Wedson had earlier contended that while many market participants believed Bitcoin has already established a bottom, “a price recovery alone does not confirm a structural shift.” He said there must be clear signs of capitulation and deleveraging, as well as short-term investors bringing in new capital before such a conclusion can be reached.

Macro Conditions Could Shape Whether History Repeats

There’s still about three months left before Americans go to the polls, and BTC is currently hovering around the $64,000 level, which is nearly 50% below its October 2025 all-time high of over $126,000, with data from CoinGecko showing it dipped about 2.5% in seven days.

However, it’s still up nearly 8% across the last month, after weathering the latest Federal Reserve decision to leave interest rates unchanged at 3.50% to 3.75%.

The post Bitcoin’s Next Bull Run Could Follow US Midterms: Analyst appeared first on CryptoPotato.

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The leading cryptocurrency experienced enhanced volatility over the past week, eventually stabilizing at around $64,500 (per CoinGecko’s data).

Given the ongoing bear market, though, the price may soon head south again, but one popular analyst claimed that a dip to around $60K should actually be welcomed as good news.

Exactly What BTC Needs?

The renowned analyst Ali Martinez argued that a drop by nearly five grand would complete a classic inverse head-and-shoulders pattern that could set the stage for a serious pump. The setup consists of three dips – a low (left shoulder), a deeper plunge (head), and another low (right shoulder) and signals that sellers are running out of steam.

According to Martinez, the completion of the pattern combined with a confirmed breakout above $66,500 could open the door to a pump to a two-month high of around $74,000.

The analyst has been quite focused on BTC lately, revealing that whales have purchased roughly 29,000 units (worth more than $1.8 billion at current rates) over the past week. Accumulation from this cohort of investors is considered a bullish sign as it suggests that they are preparing for a potential upward move. Their actions could encourage smaller players to hop on the bandwagon, too, thus distributing fresh capital into the ecosystem.

Another comment from Martinez was his recent prediction about when BTC will reach its bottom. If the 4-year cycle theory holds, he expects that to happen between October 6 and October 16. This is a common thesis among analysts, as many believe the cryptocurrency could nosedive to multi-year lows before entering a new bull run. Others, like Joao Wedson, anticipate that the pivotal moment when bulls would finally regain control is the midterm elections in the US scheduled for early November.

An Additional Bullish Forecast

Vivek Sen – an X user with almost 300,000 followers – presented another optimistic scenario for BTC, based on the formation of a cup-and-handle breakout.

The pattern represents a big rounded dip (the cup), followed by a smaller pullback (the handle) and typically shows that the asset has built up strength and is perhaps gearing up for a rally.  According to the analyst, this formation could be a precursor to a giant increase, setting $220,000 as the minimum target.

“Most people will only find out after it happens,” he added.

The post ‘Don’t Fear a Drop to $60K:’ Analyst Sees That as a Healthy Reset for BTC appeared first on CryptoPotato.

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Ark Invest sold shares of Bitmine Immersion Technologies, Bullish, and Block as crypto-related equities extended losses across U.S. markets. The move raised questions after months of aggressive buying during previous pullbacks. Rather than signaling a broad exit, the latest trades suggest Ark is actively rotating capital within its crypto portfolio instead of abandoning the sector.

That view is supported by recent buying activity. Over a three-day period, Ark purchased roughly $43.5 million in crypto stocks, including 122,544 Coinbase shares valued at nearly $18.6 million and 169,777 Circle shares worth about $12.9 million. The purchases came as both companies declined alongside Bitcoin and weakening expectations for U.S. crypto legislation.

The broader backdrop also explains the pressure. Falling digital asset prices have weighed on exchange revenues and crypto-related valuations. At the same time, uncertainty surrounding U.S. market structure legislation has cooled investor optimism. Stocks that previously benefited from expectations of regulatory progress have been among the hardest hit during the recent pullback.

Discover: The Best Crypto to Diversify Your Portfolio

Position Rotation Looks More Likely Than a Thesis Change

Ark’s history with these companies provides important context. The firm invested roughly $16.8 million into Bullish and about $7.6 million into Bitmine during late 2025. It also deployed approximately $38.7 million into Coinbase, Bitmine, Circle, and Bullish during another sharp crypto equity decline. Those earlier purchases leave plenty of room to trim positions without changing the broader investment thesis.

The direction of recent trades reinforces that interpretation. Ark previously sold about $8.9 million worth of Block, Bullish, and Robinhood while purchasing roughly $12.5 million of SpaceX and Bitmine. That pattern suggests the firm is reallocating capital toward higher conviction ideas rather than reducing overall crypto exposure.

Block deserves separate attention because its business extends beyond cryptocurrency. Payments, merchant services, and Bitcoin products all contribute to its revenue. Selling Block alongside Bullish and Bitmine therefore points to a broader reduction in crypto equity risk instead of targeting only pure play digital asset companies.

Coinbase and Circle tell a different story. Ark continued adding to both positions during the latest selloff despite near-term losses. That approach signals conviction rather than retreat. While those investments may currently sit below Ark’s average purchase price, the firm appears willing to absorb short-term weakness in exchange for longer-term growth potential.

Circle also occupies a different position within the crypto ecosystem. Its outlook depends heavily on stablecoin adoption and regulatory clarity rather than exchange trading volumes. Continued buying suggests Ark sees stablecoin infrastructure as a stronger long-term opportunity than several other crypto-related equities currently under pressure.

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Bitcoin, Regulation Will Shape Ark Invest Next Moves

Ark’s daily trade disclosures remain the clearest indicator of its strategy. If the firm resumes buying Bitmine or Bullish during additional weakness, the recent sales will likely be viewed as routine portfolio management. However, continued net selling across multiple sessions without offsetting purchases would suggest a more meaningful reduction in risk appetite.

External conditions will ultimately drive that decision. Bitcoin price trends remain the biggest factor influencing crypto equity performance, while regulatory developments continue shaping investor sentiment. Delays to market structure legislation could pressure valuations further, whereas renewed momentum in Washington may revive demand for crypto-linked stocks.

Ark has already shown it will act quickly when conditions deteriorate. Earlier this year, the firm sold roughly $11.2 million of its ARKB spot Bitcoin ETF alongside about $84 million in technology holdings during a broader risk reduction move. That history suggests Cathie Wood remains flexible. For now, the latest transactions look more like selective portfolio rotation than a broad retreat from crypto equities.

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The post Ark Invest Rotates Within Crypto Equities, Adding Coinbase and Circle While Trimming Other Names appeared first on Cryptonews.

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