Crypto World
Cardinal Health Stock Ticks Higher Despite Medical Wholesaler’s Mixed Quarter
Cardinal Health (CAH) stock edged higher early Tuesday after the medical wholesaler reported adjusted earnings of $2.91 per share on $63.7 billion in fiscal fourth-quarter sales. On average, analysts polled by FactSet expected Cardinal to earn $2.42 a share and report $65.2 billion in sales. During the year-earlier period, Cardinal Health reported $2.08 earnings per share on $60.2 billion in…
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Nvidia (NVDA) stock rose Tuesday in the wake of news that the company has rounded up more than $500 billion in third-party capital to help fund the buildout of artificial intelligence infrastructure. Nvidia announced on Monday that it has partnered with financial institutions Apollo (APO), BlackRock (BLK), Blackstone (BX), Brookfield (BN), Goldman Sachs (GS) and KKR (KKR) to establish AI…
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Cryptocurrency exchange Toobit has been named Global Exchange of the Year at the FinanceFeeds Awards 2026, giving the trading platform its fourth major industry award of the year.
The FinanceFeeds Awards recognize companies across fintech and digital assets, with the Global Exchange of the Year category focused on exchanges capable of operating broad trading infrastructures at scale.
For Toobit, the award comes during a year in which the exchange has expanded well beyond conventional crypto spot and futures markets. Its platform now combines derivatives, copy trading, AI-based trading tools and more than 150 TradFi pairs, while its DEX+ product extends access to on-chain and pre-IPO assets.
The latest win follows three previous awards: Best New Exchange at the Crypto Awards 2025, presented in January 2026; Digital Asset Derivatives Platform of the Year at the Hedgeweek Global Digital Assets Awards in June; and Best Crypto Exchange for Day Trading at the CoinGape Web3 Innovation Awards in July.
That run of awards also reflects how quickly Toobit has built out its trading infrastructure.
The exchange regularly reports more than $30 billion in daily trading volume across more than 1,000 trading pairs, with more than 4 million active traders across 100-plus countries. Although Toobit offers regular spot trading, its strongest focus remains on active traders using perpetual futures, automated strategies, and other higher-frequency products.
From Crypto Futures to Nvidia in the Same Account
One of the more unusual parts of Toobit is the range of markets available without requiring traders to leave the platform.
In our Toobit review, we found that a user could move from copy-trading a professional strategy to taking a leveraged position in Nvidia stock, then use an AI model to manage another trade via natural-language instructions.
Toobit’s TradFi product is particularly useful in that setup because, instead of requiring a separate brokerage account, the exchange offers exposure to stocks, forex, and metals via USDT-settled perpetual contracts.
Its stock futures include major U.S. names such as Tesla, Nvidia, and Apple, while an expansion announced in May added another 13 trading pairs, including Qualcomm, IonQ, and Oklo – there are currently more than 150 pairs and growing all the time.
Because these products are derivatives rather than shares held directly by the trader, users can trade with USDT already held in their Toobit futures account. The contracts can also continue trading outside conventional equity-market hours, including weekends and holidays.
Leverage of up to 500x is available on some TradFi perpetual contracts. Toobit’s futures interface also supports simultaneous split and merged position management.
TradingView integration, futures bots, and multi-chart layouts that support up to 8 views are also built into the platform.
Toobit Brings AI Directly Into Trading
Artificial intelligence has become another major part of Toobit’s expansion.
In March, the exchange released its AI Agent Trade Kit, an open-source framework designed to connect large language models directly with trading functions on Toobit.
The system uses the Model Context Protocol (MCP), allowing compatible AI agents to carry out tasks such as monitoring markets, managing spot and futures orders, and tracking portfolio balances via natural-language commands.
The kit supports more than 65 tools and can run locally, with credentials stored on the user’s device rather than transferred to an external AI service.
Toobit has also developed Synapse, its built-in AI assistant, which requires no outside configuration or separate AI subscription. It can assist with market research, strategy generation, and analysis of existing positions directly from the Toobit interface.
Zero Spot Fees Run Until September
Toobit’s zero-spot-fee promotion runs from June 26 through September 26, 2026, removing maker and taker fees on eligible spot trades during the campaign.
Outside the promotion, Toobit’s standard spot fees start at 0.075% for makers and 0.10% for takers.
Base perpetual futures fees are 0.02% for makers and 0.06% for takers.
Deposits are free, while crypto withdrawals vary by blockchain network. Toobit also charges no fee for its Convert tool, account creation, inactivity, P2P trading, or DEX+ transactions, although blockchain gas fees still apply to DEX+ activity.
Proof of Reserves Adds to Security Framework
The exchange’s expansion has been accompanied by additional reserve and custody measures.
A May 2026 Proof of Reserves review, independently verified by Hacken, showed reserves exceeding 100% for the major assets examined.
As of May 1, Toobit reported reserve ratios of 106% for BTC, 106% for ETH, 106% for USDT, and 102% for USDC. The audit covered balances belonging to more than 640,000 accounts and included verification of liabilities.
Toobit also operates a ~$40 million Shield Fund intended to cover qualifying losses resulting from internal technical or security failures, with fund information displayed on a public dashboard.
Custody infrastructure includes Fireblocks’ Multi-Party Computation technology alongside air-gapped cold-wallet storage, and the exchange is ISO 27001-certified.
The post Toobit Named Global Exchange of the Year as AI and TradFi Push Expands appeared first on Cryptonews.
Russia’s central bank has compiled a proposed list of crypto assets that could be admitted to public trading on exchanges under new rules approved last week.
The list includes Bitcoin, Ether and Tether’s stablecoin USDT, the Bank of Russia said Tuesday, adding that the assets meet criteria including market capitalization, average daily trading volume and at least five years of price history on overseas markets.
The proposal follows a new law, signed by President Vladimir Putin on Aug. 4, that gives the Bank of Russia authority to determine which digital currencies can be admitted to organized trading and set related rules.
Under the rules, non-qualified investors could buy up to 300,000 Russian rubles ($3,650) worth of cryptocurrency per year through each intermediary, including a broker, crypto exchange service or asset manager. Qualified investors would face no purchase limits for crypto assets traded on exchanges or over-the-counter markets.
“Before making transactions, all investors, regardless of their status, will have to pass a test and familiarize themselves with the risks of investing in crypto assets,” the Bank of Russia said.
The central bank said the restrictions are designed to protect non-qualified investors from sharp and unpredictable fluctuations in crypto prices. The regulator is accepting comments on the proposal until Aug. 24.
Related: Russia cracks down on 9 crypto exchanges in Moscow City
However, a loss in the U.S. Supreme Court could put a halt to the many other local cases seeking damages from fossil fuel companies. “If the Supreme Court were to really narrow and prevent claims like this from going forward, it could have a significant effect on whether other cases, grounded in similar arguments and on similar state law claims, could proceed as well,” says Reisch.
The case’s significance cannot be understated, says Reisch. “This is the biggest climate-related case that the Supreme Court has heard, and it really goes to fundamental issues of fairness about whether or not communities can hold the companies that have been major drivers of climate change, and contributors to climate harm through the deceptive marketing and [upstream production and sales] of fossil fuel products, … accountable [for their contributions to] the mounting losses.”
But a loss in court doesn’t mean the fight is over. Experts say they still expect to see cases brought against fossil fuel companies under other legal grounds, as well as cases brought in other countries.
Ripple’s cross-border token has performed quite poorly over the last week, dropping by more than 7%.
It just dipped below the psychological level of $1.00, and the analysts are split: some see this as a great buying opportunity, while others have declared the asset dead.
A Deeper Plunge Ahead?
Somewhat expected, XRP’s pullback to a 21-month low has infused panic across the community, while the pessimists have become more vocal. X user Crypto Bitlord, for instance, claimed that the asset is “basically dead,” adding that it has no future and “someone needs to fork it.”
The post caused mixed reactions, with some members arguing that XRP still has a bright future ahead, but others agreed with the thesis and envisioned heavy bleeding.
X user Diana also chipped in, projecting a drop to as low as $0.86 should the price decisively break below the $1 mark. On the other hand, they believe a strong reaction around that zone, followed by a reclaim of $1.036, could interrupt the bearish perspective and trigger a relief bounce.
Another crypto commentator who gave their two cents is ChartNerd. The X user opined that XRP must reclaim the $1.02-$1.06 range, or it is likely to head further south.
The Bullish Signals
Recent whale activity and other factors suggest that Ripple’s native cryptocurrency could rebound in the near future. Earlier this week, Ali Martinez revealed that large investors have accumulated over 380 million XRP (worth nearly $400 million at the time) in the span of just seven days.
This development reduces the number of tokens available on the open market and might trigger a price increase (if demand increases or remains constant). Additionally, it may encourage smaller players to follow suit, thus distributing fresh capital into the ecosystem.
Martinez provided another optimistic element, saying that XRP’s TD Sequential indicator (on a monthly scale) has flashed a buy signal. He noted that on previous occasions, such a setup has been a precursor to a triple or even quadruple price surge.
It is worth mentioning that prior to that, the analyst outlined $1.06 as a critical level, predicting a massive collapse to $0.62 if the price slips under it (as it happened).
The post Ripple (XRP) Just Dipped Below $1: Collapse Warning or Hidden Opportunity? appeared first on CryptoPotato.
Trading platform eToro plans to acquire US online brokerage TradeZero as part of its US expansion plans, the company announced Tuesday.
In its second-quarter report, eToro reported $1.59 billion in revenue, down from $2 billion in the comparable 2025 period. Of that, $1.34 billion was revenue from crypto assets, down about 30% from $1.9 billion in Q2 of 2025. However, eToro reported $1.35 billion in crypto-related cost of revenue and $19.7 million in net income from crypto assets. Total net income was $53.4 million.
Equities and commodities-related trading generated $141 million in net income for the platform.
The company has been expanding into digital assets as part of its plans to become a multi-asset platform. In April, it announced plans to acquire self-custodial wallet provider Zengo.
“More than 60% of users who traded commodities during Q4 2025 to Q1 2026 subsequently traded equities in Q2 2026, and nearly nine in ten of those users have also traded crypto on eToro,” said Meron Shani, the chief financial officer at eToro.
Total cryptocurrency trades on the platform fell to 1.4 million in July, marking a 73% decline year-on-year. The invested amount was down 50%.
TradeZero generated about $80 million of revenue with 81% gross margins in the last 12 months ended June 30, 2026. EToro expects the deal to be accretive to adjusted earnings per share in the first year after closing, which is expected in the first half of 2026.
The Nasdaq-traded ETOR shares were down more than 5% in pre-market activity on Tuesday, poised to extend Monday’s decline, according to Yahoo Finance data.
Magazine: Why Peter Thiel’s Founders Fund walked away from an Ether treasury bet
Crypto World
Crypto-friendly bank Erebor in talks for $1.5 billion fundraise at $9.5 billion valuation: FT
Tech-oriented lender Erebor Bank is in advanced talks to raise about $1.5 billion in a deal that would value the year-old firm at about $9.5 billion, the Financial Times reported.
Lux Capital, Human Capital, Valor Equity Partners, Andreessen Horowitz and SV Angel are expected to make large commitments in the fundraising round. Existing investors including 8VC and Haun Ventures are also set to take part, according to the report, which cited people familiar with the matter.
The fundraising comes as Erebor expands its deposit base and starts lending activity. Deposits reached $4.6 billion by the end of July, up from $1.1 billion at the end of March, the FT said.
Erebor targets companies working in crypto, artificial intelligence, defense and manufacturing. It also serves payment companies, investment funds and trading firms and its planned services include deposits, credit, stablecoin products, treasury management and payments.
The bank received final U.S. approval to operate in February. Regulators require it to maintain a leverage ratio of at least 12% during its first three years, making the fresh capital important as its balance sheet grows.
Cole Villemain (aka “ColeThereum”), the Pudgy Penguins co-founder who left the project after allegations of misusing its treasury, is selling NFTs again.
On Sunday, the controversial founder previewed his new collection launching on Robinhood Chain to over half a million views.
That attention was split among those celebrating Cole’s return and an equally-sized population who remembers the disappointing crypto projects from his past.
Villemain faced allegations of treasury misuse at Pudgy Penguins, and he had plenty of earlier controversies. In August 2021, for example, blockchain sleuth ZachXBT profiled one of his pre-crypto ventures, a dropshipping site called eBoy Outlet.
That store’s online reviews, according to ZachXBT, were “filled with instances of customers not receiving orders, refunds, or responses from support.”
Villemain denied wrongdoing and claimed to have refunded customers who failed to receive the merchandise they ordered.
He also founded My Fucking Pickle, another NFT collection that crashed within weeks of his creation. “Have to love cash grab projects,” ZachXBT wrote.
The floor price of those NFTs is now $13, down 98% from their June 27, 2021 high above $540.
Villemain’s new Robinhood Chain collection seems to be themed around fantasy videogames, although details are sparse on its splash homepage. No NFTs are mintable, and Villemain cautioned, “No contract or site is live yet.”
Rather than Ethereum, Villemain chose a new blockchain by the Robinhood brokerage.
That venue is already problematic. Robinhood Chain failed to focus on its original mission of real world asset tokenization, per the CEO’s own admission, as memecoins overran the blockchain instead.
Robinhood pitched its blockchain, which launched on July 1, as a home for tokenized stocks and US Treasuries. Protos documented wallet drainers, phishing pages, rug-pulls, and collapsing memecoins proliferating across Robinhood Chain during early July.
Villemain’s X bio offers his own disclosure, “All tweets are sarcasm or theatrics and not financial advice.”
Read more: Pudgy Penguins removes ‘racist’ post after Manchester City complaint
Nostalgia for NFTs and their -98% returns
Nostalgia seems to be Villemain’s entire sales pitch. He described his own marketing plan as “running back one of the oldest tricks in the book of 2021 NFT projects,” and declared himself “delusional enough to believe I can drop the #1 NFT on Robinhood Chain.”
Not everyone is feeling wistful. “The space never changes,” posted one developer.
“Same guy who did early meme NFT cash grabs, co-founded Pudgy Penguins, then got kicked out after treasury-drain accusations is now launching a new NFT project on Robinhood Chain. Half of Crypto Twitter is acting like none of that ever happened.”
Another X user predicted a repeat disappointment, “This is not the first time he’s launched something and rug pulled it using his luck with PP as a cosign for legitimacy.”
“He disappeared long enough for you and many to have no clue who he is,” one skeptic posted, “Only to come back and do the same thing.”
Indeed, NFT trading volumes declined 97% by 2022 and many NFTs declined 98%, including once-six-figure NFTs that crashed 99%.
On January 5, 2022, an investor alleged Pudgy Penguins founders drained the project’s ETH. The next day, NFT holders voted the founders out through a community vote in the project’s Discord.
Villemain announced a January break from X to focus on “mental health.” By April 2022, the remaining leaders had sold Pudgy Penguins to a group led by Los Angeles entrepreneur Luca Netz for 750 ETH, then about $2.5 million.
Netz turned the underperforming NFTs into physical penguin toys that have moved more than a million units through Walmart, Target, Walgreens, and other non-blockchain sales venues.
Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.
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