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Crypto World

Should You Buy Nebius (NBIS) Stock After Recent 16% Decline?

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NBIS Stock Card

Key Takeaways

  • NBIS shares surged 19.5% in June before erasing most gains during early July trading
  • First quarter 2026 revenue skyrocketed 684% compared to the prior year, with full-year guidance exceeding $3 billion
  • Strategic partnership with Meta Platforms valued at $27 billion plus support from Nvidia have fueled investor enthusiasm
  • Year-to-date gains stand at 158%, though shares have retreated 16% in the most recent five-day period to approximately $215
  • Analyst consensus leans toward Moderate Buy with a mean price target of $237.38, suggesting roughly 10% potential upside

Nebius Group (NBIS) has emerged as a 2026 market leader. This AI-focused cloud infrastructure provider has delivered a remarkable 158% gain since January, with shares more than quadrupling over the trailing twelve months. However, recent volatility serves as a stark reminder of the stock’s unpredictable nature.


NBIS Stock Card
Nebius Group N.V., NBIS

Shares experienced a 19.5% June rally before surrendering nearly all those advances during the opening week of July. Trading at approximately $215.62 as of July 5, NBIS declined almost 6% in a single session.

Recent selling pressure intensified following a Bloomberg report suggesting Meta Platforms might monetize its surplus computing resources. Certain market participants interpreted this news as potentially problematic for neocloud providers like Nebius. However, counterarguments emphasized that AI computational demand continues to significantly exceed available supply.

The situation carries notable complexity — Meta simultaneously represents one of Nebius’ most significant clients. Their collaboration encompasses a $27 billion commitment, with Meta supporting approximately 300 MW of AI infrastructure capacity. Additionally, Nvidia CEO Jensen Huang has actively facilitated connections between AI-focused enterprises and Nebius, further validating the company’s market position.

Astronomical Revenue Expansion

The financial performance of Nebius presents compelling evidence of growth. Second quarter 2025 revenue totaled merely $105 million. By the fourth quarter, annualized revenue reached a run rate of $1.25 billion. The first quarter of 2026 showcased extraordinary 684% year-over-year revenue acceleration.

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Executive leadership now projects 2026 revenue will surpass $3 billion, with projections suggesting another potential doubling throughout 2027. Supporting this trajectory requires substantial data center infrastructure expansion.

Contracted power capacity projections have escalated dramatically from a minimum 1 GW last August to exceeding 4 GW currently. Nebius has already locked in 1.2 GW of power resources and real estate for a Pennsylvania-based AI facility. The company also formalized a strategic alliance with Bloom Energy to deploy supplementary power infrastructure for ongoing data center construction.

Analyst Community Remains Divided

Skepticism persists regarding current valuation sustainability. NBIS has achieved approximately $55 billion in market capitalization, representing an aggressive multiple even against projected 2027 revenue figures.

Northland analyst Nehal Choksi maintains a Buy rating alongside a $248 price target, highlighting Nebius’ strategic pivot toward more profitable AI-native clientele as justification for optimism. He views the Tavily acquisition as enhancing customer value propositions.

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Morgan Stanley’s Josh Baer presents a contrasting perspective. His Hold rating accompanies a $144 price target — substantially below present trading levels. While Baer recognizes customer momentum, he contends that near-term objectives appear overly ambitious, citing unproven profitability metrics and substantial additional bookings needed to achieve guidance.

The Street’s aggregate assessment registers as Moderate Buy, comprising six Buy recommendations and four Hold ratings. The consensus price target of $237.38 suggests approximately 10% appreciation potential from current pricing.

Competitor CoreWeave operates within identical market segments, and any deceleration in AI infrastructure investment could disproportionately impact NBIS compared to the broader technology sector.

The stock’s 52-week trading range spanning $43.89 to $299.86 provides clear evidence of the extraordinary volatility investors have navigated.

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XRP Suffered 22% June Loss, but History Favors a Major July Rally

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XRP has not been spared by the overall market weakness, especially in June, plummeting hard to a multi-year low of $1.00. However, that coveted support line managed to hold the bears’ breakdown attempt, and the asset has rebounded swiftly.

All eyes are now on July, which has been historically one of the token’s best-performing months. This is particularly true for the past four editions, as each brought a double-digit gain. So, what’s next for July 2026?

June’s Calamity and July’s Promise

Data from Cryptorank indicated that XRP ended June with a massive 22.1% decline. During the month, the asset dipped to $1.01 (on most exchanges) amid the growing crypto FUD, the escalating tension in the Middle East, and so on. This was its lowest price tag since late 2024 and pushed it out of the top 5 cryptocurrencies by market cap.

Although it has rebounded to $1.15 as of press time, it still remains below USDC, BNB, USDT, ETH, and BTC. However, the bulls have a lot to hope for in July, at least according to historical performance. All six previous Julys were in the green for XRP. Moreover, five of them delivered double-digit gains.

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July 2020 and 2023 stand out as the most bullish out of the bunch, with price increases of 48.1% and 47.6%, respectively. Last year’s edition brought a spectacular 35% increase, after another 31.2% surge during the year before. The two more modest gains came in July 2022 (14.6%) and 2021 (6.91%).

Although XRP has started the 2026 edition with a 9% increase already, there’s a catch. The five Julys before the aforementioned ones, those from 2015-2019, were all in the red. The question now is, which path will XRP follow now?

XRP Monthly Returns on CryptoRank
XRP Monthly Returns on CryptoRank

Something that can push XRP higher is the ongoing inflows into spot Ripple ETFs. As reported over the weekend, the funds have extended their positive streak to nine consecutive weeks in the green.

Quarterly Moves

The 22.1% drop in June 2026 meant a similar (22.4%) decline for the entire Q2. Moreover, this became the third consecutive quarter in the red for the first time ever, each with massive losses. XRP dumped by 35.4% in Q4 2025, by another 27.1% in Q1 2026, and the aforementioned 22.4% in Q2 2026.

The good news for the Ripple bulls is that the token has reacted with substantial gains after each of its previous negative streaks. The next few months will show whether history will repeat or the losses are just getting started.

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The post XRP Suffered 22% June Loss, but History Favors a Major July Rally appeared first on CryptoPotato.

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Canary HBAR ETF sees biggest inflow since May as Hedera stays in focus

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Canary HBAR ETF sees biggest inflow since May as Hedera stays in focus

The Canary HBAR ETF, trading on Nasdaq under the ticker HBR, pulled in $989,000 in net inflows on July 2. The figure marked its largest single-day inflow since May 15, according to market posts tracking spot crypto ETF flow data.

Summary

  • Canary’s HBR ETF drew $989K, showing Hedera still appears in institutional flow data despite weak price.
  • HBAR trades near $0.075, with market cap above $3.29b and weekly gains holding firm.
  • ETF demand remains small, but steady appearances may keep Hedera visible to regulated investors.

The amount remains small compared with spot Bitcoin ETF and spot Ethereum ETF flows. Still, the move showed that Hedera continues to appear in institutional product data even during a quiet period for HBAR price action.

One market post said the fund’s consistency matters more than “any one-day figure.” That view reflects the current debate around HBR. The fund has not produced large daily flows in recent weeks, but it continues to provide regulated exposure to HBAR.

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The ETF gives investors access to Hedera without holding tokens directly.Canary’s fund page says HBR holds HBAR and offers simplified exposure through brokerage and retirement accounts.

HBAR price remains below $0.08

HBAR traded at $0.075212 on July 5, based on crypto market data. The token was up 0.75% over 24 hours and 5.67% over seven days.

The token’s market cap stood at about $3.29 billion, while 24-hour trading volume was near $68.95 million. HBAR traded between $0.07433 and $0.077207 during the latest 24-hour period.

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The price remains far below Hedera’s all-time high of $0.569229, reached on Sept. 15, 2021. It also remains under the $0.10 area that has capped several recovery attempts in 2026.

That gap shows the difference between institutional product access and token price strength. HBR may improve access for regulated investors, but HBAR still needs broader demand to build a stronger market structure.

ETF data keeps Hedera visible

Earlier Hedera price coverage showed that the HBR ETF had accumulated $93.21 million in cumulative inflows by early 2026. The same report said HBAR became one of the few cryptocurrencies to secure U.S. spot ETF access.

Canary’s HBR fund page lists the ETF’s net assets at about $49.14 million as of July 2. It also shows a market price of $9.92 and net asset value of $9.89 on the same date.

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The fund charges a 0.95% sponsor fee. Its listed custodians include BitGo Trust Company and Coinbase Custody Trust Company, according to Canary’s published fund details.

These details matter for institutional users because custody, pricing and access remain key parts of crypto ETF demand. HBR gives Hedera a channel into traditional brokerage accounts, even if current flows remain modest.

Hedera adoption story meets weak price action

Hedera remains focused on enterprise use cases, payments, tokenization and decentralized applications. The project’s governing council includes several major companies, while HBAR powers fees and network activity.

Past coverage noted that Hedera has processed real-world asset activity and has drawn attention from firms looking at enterprise blockchain use. Even so, token price action has stayed weak for much of 2026.

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This creates a split market picture. On one side, HBR’s inflow shows that some regulated investor demand still exists. On the other side, HBAR continues to trade below key resistance levels and remains down sharply from past highs.

At press time, the July 2 inflow gives Hedera a fresh institutional flow signal. It does not confirm a price recovery by itself. Traders will likely watch whether HBR can attract repeat inflows and whether HBAR can reclaim the $0.08 to $0.10 zone.

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Cardano adds 14,783 wallets as ADA rebounds toward $0.20

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Cardano’s 1,096 BTC dispute grows after Hoskinson AMA

Cardano is showing renewed holder growth after a sharp June selloff. According to Santiment, the network added 14,783 more non-empty ADA wallets after its June 23 bottom.

Summary

  • Cardano added 14,783 non-empty ADA wallets after its June low, showing renewed retail activity.
  • ADA rebounded toward $0.20 after falling to levels not seen since 2020 last month.
  • Community fear remains tied to governance tension, Hoskinson comments and wider doubts over ecosystem funding.

The on-chain data came as ADA recovered from recent lows. Santiment said the token pushed back toward $0.20 for the first time in about a month and had risen as much as 35% after bottoming on June 29.

Market data showed ADA trading near $0.18914 on July 5. The token was down 2.08% over 24 hours but remained up 31.08% over seven days, with a market cap near $7.05 billion.

The rebound does not erase the earlier drop. It does show that some retail users are returning after a period of heavy fear, weak price action and public debate around the Cardano ecosystem.

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ADA rebound follows peak FUD

Santiment said Cardano’s price decoupling came after “peak FUD” created rifts in the community last month. The firm linked the shift to renewed holder growth and a short burst of market cap recovery.

The market pressure had been building for weeks.Earlier coverage noted that ADA fell below $0.20 on June 4, its lowest level in more than five years.

That drop followed wider market weakness and Cardano-specific concerns. Those included failed funding votes, cancelled ecosystem plans and warnings from founder Charles Hoskinson about possible project failures.

A separate report from crypto.news said Cardano’s social activity rose as ADA crashed. It also noted that active addresses climbed to a four-month high, showing users were still interacting with the network during the selloff.

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Holder data supports cautious recovery

Santiment’s latest data suggests that Cardano holders did not fully leave the network after the price drop. The rise in non-empty wallets points to new or returning users holding ADA after the June low.

Santiment said “retail support has been one of ADA’s strongest traits” through difficult market periods. That comment reflects Cardano’s history of having an active community even when price action weakens.

Still, wallet growth alone does not confirm a lasting price recovery. A new wallet can hold a small balance, and holder count does not show whether larger buyers are entering the market.

For ADA, the key test remains the $0.20 area. A clean move above that level would support the short-term rebound. Failure to reclaim it may keep the token exposed to another pullback.

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Cardano still faces ecosystem doubts

Cardano’s recovery comes while the wider ecosystem still faces questions. Earlier reports covered the shutdown of TapTools, funding disputes and the cancellation of the Cardano Summit 2026.

The project also has active technical work.Midnight, a privacy sidechain linked to Cardano, launched its federated mainnet in March with backing from major technology and telecom names.

This creates a mixed setup for ADA. Holder growth and a 30% weekly rebound show that buyers have returned after the June low. At the same time, the token remains far below prior highs and still trades under a key psychological level.

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Bitcoin Nears $63.5K Weekly Close as Trader Flags ‘Terrible’ Monday Risk

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Crypto Breaking News

Bitcoin finished Sunday’s weekly close hovering near two-week highs, as traders positioned for potential volatility ahead of the new week. The market’s focus remains tightly centered on a long-term technical level: the 200-week simple moving average (SMA), a benchmark that often influences whether bull trends can sustain or fade.

At the same time, some analysts are pointing to shifting macro conditions and renewed demand around US spot Bitcoin exchange-traded funds (ETFs) as possible support for risk assets, arguing that the sector may be developing “greener shoots” after recent stress.

Key takeaways

  • BTC/USD is trading near the 200-week SMA around $62,700, which traders say is likely to determine near-term direction.
  • Several market participants have warned that Mondays have historically delivered weak BTC performance over the past seven weeks.
  • Short liquidations appear to have helped BTC grind higher, with CoinGlass reporting $167 million in total crypto liquidations over the prior 24 hours.
  • QCP Capital highlighted renewed net inflows to US spot Bitcoin ETFs after softening expectations for Fed rate hikes.

BTC’s weekly close tests the 200-week trend line

According to TradingView, BTC/USD was consolidating near $62,700—where a key long-term trend line aligns with the 200-week SMA. The technical picture matters because, unlike shorter-term averages, the 200-week level is widely watched as a “regime” indicator: when price respects it, bulls often argue the market is maintaining a longer-cycle structure; when price loses it, sentiment can deteriorate quickly.

On Saturday, BTC pushed to about $63,450, helped by thinner exchange order books during a three-day US holiday weekend, according to commentary cited in the source. One market commentator, Exitpump, suggested that stronger passive supply was “pressing price from above,” implying upward momentum may face resistance near recent highs.

Attention then shifted to positioning effects. Trader Daan Crypto Trades pointed to short position liquidations as price rose, using CoinGlass data to describe total crypto liquidations of roughly $167 million over the last 24 hours. The implication is that BTC’s advance was at least partly driven by forced buying from traders closing shorts—an effect that can temporarily lift price but may reverse if the market fails to build new spot demand at higher levels.

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“Classic short squeeze, price grinds higher into a level everyone’s shorting until forced covering does the rest.”

That setup led to a key question emphasized by the same commentator: whether the $62.6K zone around the weekly 200MA will hold as support, or whether the move was primarily liquidity-clearing before another pullback.

“Now the question is whether $62.6K (Weekly 200MA) holds as support or if this was just liquidity getting cleared before rolling over again.”

Traders watch for a “Monday pattern” that hasn’t been kind

Beyond the technical level, some traders are also watching recurring calendar behavior. Killa reiterated a warning to followers, claiming that each of the past seven Mondays has been “absolutely terrible” for Bitcoin price action.

“7/7 Mondays have been absolutely terrible for $BTC.”

They questioned whether the same pattern might repeat, underscoring that—while such observations aren’t guarantees—behavioral tendencies and liquidity schedules can matter for how quickly breakouts succeed or fail.

“Will we repeat the exact same pattern next week?”

ETF inflows and softer rate expectations revive “green shoots”

While market structure is being tested on-chain and on charts, QCP Capital pointed to a different potential driver: renewed ETF demand. In a report published Friday, the firm argued that tailwinds may be forming for crypto and broader risk assets.

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A central element of that thesis is renewed net inflows to US spot Bitcoin ETFs. The source notes that Cointelegraph reported on last week’s US nonfarm payrolls coming in below expectations, which contributed to a softer market view on hawkish interest-rate paths by the Federal Reserve.

The QCP analysis also referenced a “dovish” shift that showed up across asset markets. It described a 2% move in gold as one sign, while clarifying that this may reflect real-rate and safe-haven dynamics more than broad growth conviction. Still, the direction of rates expectations is one of the clearer macro levers for high-beta assets like crypto.

“Crypto, though, is showing greener shoots: BTC spot ETFs snapped a six-session outflow streak to pull in $224mn on Thursday, their first positive print in over a week and an early sign that dip buyers are stepping back in after roughly $2.4bn of redemptions.”

QCP further cited CME Group’s FedWatch Tool, which—at the time of the analysis—showed a near-80% chance of the Fed holding rates at its July 29 meeting. The firm also suggested that additional confirmation would likely be needed before markets could fully price a more durable “front-end dovish repricing,” pointing specifically to upcoming CPI inflation data.

What investors should monitor next

The immediate test for Bitcoin is whether price can defend the 200-week SMA area around $62,700 after a week that included both upward momentum and liquidation-driven moves. With traders flagging historical Monday weakness and analysts emphasizing ETF inflows as a potential stabilizer, the next sessions may reveal whether demand is strengthening beyond short squeezes—or whether the market reverts as quickly as it advanced.

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Watch how BTC behaves around the weekly trend level in early-week trading, and whether ETF flows stay positive in tandem with any shifts in Fed rate expectations following upcoming inflation data.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Can Bitcoin Price Action Avoid Another ‘Absolutely Terrible’ Monday at $63,000?

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Can Bitcoin Price Action Avoid Another 'Absolutely Terrible' Monday at $63,000?

Bitcoin (BTC) consolidated near two-week highs into Sunday’s weekly close as traders geared up for fresh market turbulence.

Key points:

  • Bitcoin approaches its highest levels in two weeks, but Mondays have been “terrible” for BTC price action, a trader warns.
  • BTC/USD is in the process of deciding the fate of its 200-week moving average.
  • Crypto market analysis sees “greener shoots” on the back of the latest US macro data.

Trader: Past seven Mondays “absolutely terrible” for BTC price

Data from TradingView showed BTC/USD focusing on $62,700, the site of a key long-term trend line, the 200-week simple moving average (SMA).

BTC/USD four-hour chart with 200-week SMA. Source: Cointelegraph/TradingView

Bulls managed a trip to $63,450 on Saturday amid thinner exchange order books and a three-day US holiday weekend.

“Seeing stronger passive supply here pressing price from above,” commentator Exitpump wrote in their latest analysis on X.

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BTC order-book data. Source: Exitpump/X

Trader Daan Crypto Trades flagged short position liquidations as the price gained, with data from CoinGlass putting the 24-hour crypto total at $167 million.

“Classic short squeeze, price grinds higher into a level everyone’s shorting until forced covering does the rest,” he commented on X. 

“Now the question is whether $62.6K (Weekly 200MA) holds as support or if this was just liquidity getting cleared before rolling over again.”

BTC/USD vs. crypto liquidation history (screenshot). Source: CoinGlass

Fellow trader Killa had a word of warning, reiterating that the past seven Mondays had seen major price weakness.

“7/7 Mondays have been absolutely terrible for $BTC,” they told X followers. 

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“Will we repeat the exact same pattern next week?”

Bitcoin ETFs contribute to crypto’s “greener shoots”

In a new analysis published on Friday, trading company QCP Capital eyed potential tailwinds forming for crypto and risk assets.

Related: Bollinger Bands creator eyes Bitcoin bear-market end, ‘W’-shaped reversal

These included renewed net inflows to the US spot Bitcoin exchange-traded funds (ETFs).

As Cointelegraph reported, last week’s US nonfarm payrolls report came in below anticipated levels, sparking a softening in hawkish expectations of interest rate hikes by the Federal Reserve.

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“The clearest dovish tell was a 2% pop in gold, though that reads more as a real-rate and safe-haven hedge than growth conviction,” it acknowledged. 

“Crypto, though, is showing greener shoots: BTC spot ETFs snapped a six-session outflow streak to pull in $224mn on Thursday, their first positive print in over a week and an early sign that dip buyers are stepping back in after roughly $2.4bn of redemptions.”

Fed target rate probabilities for July 29 FOMC meeting (screenshot). Source: CME Group

The latest data from CME Group’s FedWatch Tool saw a near-80% chance of the Fed holding rates at current levels at its July 29 meeting.

QCP added that before then, conducive Consumer Price Index (CPI) inflation data would be needed for “broader confirmation of a front-end dovish repricing.”

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IMF Warns Tokenization Will Shift Financial Power From Banks to Code

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Global RWA Market Overview

The International Monetary Fund (IMF) just warned that tokenization, the tech behind the crypto boom, could rip risk out of banks and hand it to lines of code that no regulator controls.

The timing is loaded. Wall Street giants like BlackRock are racing to move trillions on-chain. The IMF says that same plumbing could crack under stress.

Tokenization Turns Delays Into Split-Second Risk

Today, buying or moving assets runs through banks and middlemen, with small delays built in. Those delays are annoying, but they act as safety brakes when something breaks.

Tokenization rips those steps out. Deals settle instantly on shared ledgers, run by self-executing code called smart contracts, with no human in the loop.

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That speed cuts costs, and it removes the brakes. When trades fire automatically, a glitch or a run can spread before anyone reacts. The IMF made the same point in earlier work on risks to tokenized finance.

Its sharpest warning is about who ends up holding the danger. Not banks, but the platforms and code that run the trades.

“Effective oversight must therefore extend beyond institutions to the code itself,” read an excerpt in the blog, citing Tobias.

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The IMF even floated a startling idea. Some smart contracts could grow so central they become too important to fail. That is the tag that forced the 2008 bank bailouts.

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Courts still have not settled who owns tokenized assets when a deal lives only in code.

Who Wins, Who Loses

The prize is huge. BlackRock’s tokenized fund, BUIDL, already holds about $2.4 billion, and Ondo runs more than $1.4 billion in tokenized assets.

The real action is in stablecoins. More than $300 billion now sits in them, dwarfing the roughly $32 billion in other tokenized assets, per rwa.xyz.

Global RWA Market Overview
Global RWA Market Overview. Source: rwa.xyz

Even the safe ones wobble. In March 2023, USD Coin (USDC) briefly fell to 87 cents. The cause was $3.3 billion stuck at a collapsed bank.

Tether’s USDT leads the sector near $186 billion, per DefiLlama. However, European rules pushed it off major exchanges, lifting Circle’s USDC toward $73 billion. That European USDT crackdown shows how fast the map redraws.

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Not everyone is worried. BlackRock chief Larry Fink calls this the start of an era where every asset gets tokenized. He wants the whole financial system on one shared blockchain.

That is the split. Industry sees cheaper, faster, open markets. The IMF sees the same speed turning a local failure into a global one before regulators can blink.

For now, real trading stays thin, with much of the tokenized asset market barely moving week to week. The next few years of rules, not the code, will decide who is right.

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Lummis says CLARITY Act can reshape U.S. crypto finance

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Santiment flags Bitcoin euphoria after CLARITY win

Senator Cynthia Lummis has renewed her call for lawmakers to advance the CLARITY Act, a bill aimed at setting clearer rules for digital asset markets in the United States. A post shared by CryptoGoos cited Lummis as saying the bill would “lay the foundation for the financial services of the 21st century.”

Summary

  • Lummis says the CLARITY Act can modernize finance, but Senate timing remains the main hurdle.
  • Crypto.news says the bill cleared key steps but still needs a full Senate floor vote.
  • The bill would split crypto oversight between SEC and CFTC while adding exchange safeguards.

Lummis also said, “The Clarity Act is this generation’s contribution to that legacy. Let’s finish the job.” Her comments came as lawmakers faced a narrow window to move the bill forward before the August recess.

The bill seeks to define how digital assets should be treated under U.S. law. It also aims to reduce the long-running dispute between regulators over which agency should oversee crypto trading activity.

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Senate timing becomes key

The CLARITY Act has already passed the House and cleared the Senate Banking Committee. It now needs a full Senate vote before it can move closer to becoming law.

Timing remains one of the main challenges. If the Senate does not act before the August recess, the bill’s path could move into 2027. That makes July an important month for digital asset policy in Washington.

Lummis has also opened a final review window for updated bill text. A recent report said the revised version was expected around July 4, giving lawmakers and industry groups one more chance to review changes before a possible floor push.

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The bill still faces debate over stablecoin yield products, ethics rules and decentralized finance oversight. Those issues matter because Senate leaders need enough support to move the bill through a divided chamber.

SEC and CFTC roles would change

The CLARITY Act would create a clearer split between the Securities and Exchange Commission and the Commodity Futures Trading Commission. A plain-language explainer said the bill would define when a token is treated as a security and when it is treated as a commodity.

Under the bill, the SEC would keep oversight of investment contract assets. The CFTC would take a larger role in digital commodity spot markets, including some exchange activity.

The bill would also set rules for trading platforms, brokers and crypto exchanges. These rules include separating customer assets from company funds, a measure meant to reduce risks seen in past exchange failures.

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Supporters say the bill could replace enforcement-led policy with a written rulebook. Critics continue to question whether the text gives enough protection to users and enough detail for decentralized finance.

Fraud funding remains part of the bill

The bill also includes enforcement funding. A separate report said the CLARITY Act would set aside $150 million for crypto fraud investigations.

Lummis said the money would help agencies “track down scammers and bad actors in the digital asset space.” The provision may help lawmakers who want stronger fraud controls alongside market rules.

The bill would also bring some digital asset firms under Bank Secrecy Act duties. That could increase reporting standards for platforms that handle customer assets and transactions.

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For now, the CLARITY Act remains close to a Senate test but has not become law. Lummis is pressing lawmakers to move forward, while crypto firms, banks and policy groups wait for the final text and the next vote.

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Inside the $10.9 Billion Tech Shift

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Crypto Breaking News

Jakarta, 29th June 2026 — As intelligent systems rapidly transition from corporate experimentation into core operational infrastructure, a critical question faces the nation’s business elite: who will control the infrastructure behind Indonesia’s projected $10.9 billion AI expansion? The window for enterprises to secure market dominance before national digital policies lock into place is closing fast.

To address this massive technological shift, global deal facilitator firm Trescon has announced it will host the 47th global edition of the World AI Show in Jakarta (proudly co-located with Finance 2045) on 7–8 July 2026. Running under the central theme of “Architecting Indonesia’s Sovereign & Scalable AI Future,” this high-stakes summit serves as a premier collaborative platform to move automation from isolated pilots into large-scale commercial production.

Unprecedented Institutional and Industry Support

The upcoming summit has secured exceptional institutional endorsement, bridging the gap between state regulatory frameworks and private sector execution. The event is officially supported by Strategic Government Partners, including the Ministry of Industry | Startup For Industry (SFI) and the Ministry of Creative Economy, alongside key industry bodies AISII and KORIKA.

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Voices Shaping the Future To deliver precise deployment blueprints, a stellar roster of the nation’s top tech authorities will take the stage. The top 13 visionary speakers leading the strategic discourse include:

  1. H.E. Prof. Dr. Pratikno – Coordinating Minister of Human Development and Culture, Republic of Indonesia
  2. Vivi Yulaswati – Deputy for Economic Affairs and Digital Transformation, BAPPENAS
  3. Muhammad Neil El Himam – Deputy for Digital and Technology Creativity, Ministry of Creative Economy (EKRAF)
  4. Prof. Hammam Riza – President, KORIKA – Collaborative Research and Industrial Innovation in AI
  5. Wempi Saputra – Executive Director, The World Bank
  6. Arie Purwanto – Deputy Director of Data Science and Governance, Badan Pemeriksa Keuangan (BPK)
  7. Sujala Pant – Resident Representative, UNDP Indonesia
  8. Eryk Pratama – Vice Chairman of Standing Committee for AI and PDP, Indonesian Chamber of Commerce and Industry (KADIN)
  9. Budi Setiawan -Acting Director, Small & Medium Metal, Machinery, Electronics & Transport Industries, Ministry of Industry of the Republic of Indonesia
  10. Mark Jefferson GO –Chief Strategy, Research and Development Officer,PT Erajaya Swasembada,TBK
  11. Ajar Edi – Senior Vice President, Regulatory & Government Affairs, PT Indosat TBK
  12. Charles Budiman– Chief Digital Banking Officer, P.T Bank Maybank Indonesia
  13. Andri Qiantori – Chief Technology Officer, LinkAja

AI is rapidly becoming a strategic enabler for Indonesia’s economic growth, public service transformation, and digital sovereignty. With strong momentum across sectors, AI has the potential to significantly boost productivity, inclusion, and innovation. However, this acceleration must be balanced with robust governance, particularly in areas of data protection, cybersecurity, and ethical AI deployment. Indonesia’s regulatory landscape, including the Personal Data Protection Law, provides an important foundation, but operationalizing responsible AI at scale remains a key challenge. Moving forward, success will depend on aligning investment, talent development, and governance frameworks to ensure AI is deployed securely, ethically, and in a way that builds long-term public trust.Eryk Pratama Vice Chairman of Standing Committee for AI and PDP Indonesian Chamber of Commerce and Industry (KADIN)

AI is rapidly transforming Indonesia’s digital economy by enabling businesses to scale faster, make smarter decisions, and deliver more personalized customer experiences. From improving logistics and travel platforms to advancing financial inclusion and public services, AI is becoming a key driver of productivity and innovation. As adoption grows, the focus must shift toward responsible AI, ensuring data governance, talent development, and ethical use, so Indonesia can fully realize its potential as a leading AI-powered economy in Southeast Asia. Dr. Irvan Bastian Arief VP of Technology GRAND, Data and AI tiket.com

Rather than focusing on theoretical future concepts, the journalistic agenda targets immediate, real-world integration bottlenecks, computing infrastructure readiness, and inference cost optimization. The strategic dialogue will flow across four critical thematic pillars: AI Infrastructure & Data Foundations, Generative AI & Automation, Responsible & Trusted AI Ecosystems, and Intelligent Industries & Smart Infrastructure.

This strategic alignment is further strengthened by a coalition of global technology leaders and enterprise innovators who are actively funding the next phase of digital growth.

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Strategic Government Partners: EKRAF (Ministry of Creative Economy); Kementerian Perindustrian Republik Indonesia (Ministry of Industry)

Supporting Partners: KORIKA | AISII

Lead Sponsor: DATADOG

Platinum Sponsor: Magure

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Gold Sponsors: Zoom; UCloud Global; PT ASIX INDONESIA CERDAS; Redis; Akamai

Silver Sponsors: Alibaba Cloud | Indonet; Datalabs | Google Cloud

Bronze Sponsors: PingCap TiDB; Primary Guard

CXO Boardroom Partners: DATADOG;Zoom; Redis; Aerospike.

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Exhibitors: Sharp Peak Consulting; PT Helios Informatika;FanRuan Software; Xtremax; Ingram Micro; Mekari; IPInfraIOT ;Jatis Mobile ;InfraLoka.

Association Partners: KADIN JAKARTA; APDI; Starfindo; Britcham Indonesia; ISACA Indonesia; KUMPUL; Telkom University; ADIGSI; Indonesia AI Society; Block 71 Indonesia

These partnerships ensure that attending corporate buyers and international technology providers can seamlessly integrate their sales pipelines with the country’s broader industrial roadmap.

Secure Your Market Position With exhibition floor space strictly curated and a high volume of enterprise buyers locked in for pre-qualified B2B matchmaking sessions, remaining opportunities are being finalized rapidly. For organizations looking to anchor their presence in Southeast Asia’s largest digital economy, the final window to secure commercial positioning is open now.

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  • Want to attend? Network with the region’s top tech leaders and benchmark your operations.
  • Want to showcase your brand? Secure your floor space and access exclusive B2B matchmaking with active enterprise buyers.

CLAIM YOUR FREE DELEGATE PASS: click here
ENQUIRE FOR SPONSORSHIP ACCESS : click here

Media Contact:
Reeha Haris
PR & Media Executive
E: reeha@tresconglobal.com

About World AI Show

World AI Show is a global conference series by Trescon that brings together enterprise leaders, policymakers, and technology providers to drive real-world AI adoption. With 45+ editions across key markets like Indonesia, Malaysia, Singapore, and KSA, the platform focuses on enterprise use cases, infrastructure, governance, and measurable business outcomes, connecting decision-makers with the partners and solutions needed to scale AI.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Anthropic Faces a New $75 Million Lawsuit for Pirating Books to Train Claude AI

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Anthropic Faces a New $75 Million Lawsuit for Pirating Books to Train Claude AI

Anthropic faces a new $75 million lawsuit from authors who claim the company pirated copyrighted books to train Claude. The fresh case adds to mounting legal pressure on the AI developer.

The suit signals that the fight between authors and AI companies remains far from over across the industry.

A copyright lawsuit is a legal action claiming someone used protected creative work without permission, licensing, or fair compensation. The new complaint accuses Anthropic of copying books from pirate libraries to train Claude. Furthermore, it seeks $75 million in damages.

The authors argue that Anthropic sourced their works from well-known shadow libraries. These sites host copyrighted material without any consent from the original creators, according to The New York Post.

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Moreover, the plaintiffs say the company never sought licensing or offered payment before ingesting the books.

The case rests on a specific legal distinction. A previous ruling found that training AI on legally acquired books qualifies as fair use.

However, downloading pirated copies was deemed a separate act of infringement. As a result, the piracy claim remains the central legal battleground.

The plaintiffs believe existing settlements undervalue their works. Copyright law allows statutory damages of up to $150,000 per willfully infringed work.

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The authors argue that smaller per-book payouts fail to reflect the true scale of the alleged infringement.

Follow us on X to get the latest news as it happens.

Who’s Suing Whom in AI? – Overview of notable copyright infringement lawsuits involving major AI companies as of June 2026. Source: X/@randgroup

The new lawsuit does not stand alone. Anthropic already faces a separate class action filed in June over its Claude Max subscription plans. That case targets the company on a completely different front, adding to the broader legal strain.

In that earlier suit, plaintiff Karl Kahn alleged the advertised 5x and 20x usage boosts collapsed under hidden caps.

Furthermore, the complaint targeted the $100 Max 5x and $200 Max 20x tiers. It sought refunds for subscribers since the plans launched in 2025.

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The copyright case carries far heavier financial stakes. Anthropic previously settled a landmark class action for roughly $1.5 billion. That deal paid authors around $3,000 each for an estimated 500,000 pirated books covered under the agreement.

Some authors chose to opt out of that settlement. As a result, they retained the right to pursue their own individual claims.

The new $75 million lawsuit reflects exactly that strategy, allowing plaintiffs to seek far larger per-work damages.

Anthropic maintains a strong financial position despite the pressure. The company is valued at hundreds of billions of dollars following recent funding rounds. However, repeated legal challenges could reshape how AI firms source training data and market their subscription products going forward.

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The post Anthropic Faces a New $75 Million Lawsuit for Pirating Books to Train Claude AI appeared first on BeInCrypto.

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American Express (AXP) Stock Gains Momentum as Analysts Raise Price Targets

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AXP Stock Card

Key Takeaways

  • Shares of AXP are currently changing hands around $351.96, posting a 1.42% daily gain with a market capitalization approaching $240 billion
  • First-quarter 2026 earnings per share reached $4.28, surpassing analyst expectations of $4.01; revenues climbed 11.4% from the prior year to $14.21 billion
  • The company maintained its full-year 2026 EPS outlook of $17.30 to $17.90; Wall Street projects $17.65 on average
  • Younger demographics, particularly Millennials and Gen Z, represent the company’s most rapidly expanding customer base
  • Analyst consensus stands at Moderate Buy with a mean price objective of $366.95; Goldman Sachs has set a $400 target

American Express (AXP) stock is currently priced near $351.96, drawing renewed attention following a series of positive analyst revisions and increased institutional accumulation. Trading approximately 9% beneath its 52-week peak of $387.49, the stock remains comfortably above its yearly low of $288.34.


AXP Stock Card
American Express Company, AXP

K.J. Harrison & Partners established a fresh stake worth $1.21 million during the first quarter, acquiring 4,003 shares. Multiple other institutional players also expanded their positions throughout the period. Institutional ownership of AXP stock now represents 84.33% of shares outstanding.

The first-quarter financial performance exceeded expectations. The credit card giant delivered earnings per share of $4.28, topping the Street consensus of $4.01 by $0.27. Total revenues reached $14.21 billion, representing an 11.4% year-over-year increase. The company achieved a net profit margin of 15.13% and posted a return on equity of 33.95%.

Executives reaffirmed their full-year 2026 earnings guidance range of $17.30 to $17.90 per share. The analyst community currently projects $17.65 for the complete fiscal year.

Analyst sentiment has strengthened noticeably. Goldman Sachs elevated its price target from $360 to $400 while maintaining a Buy recommendation. Truist increased its objective from $360 to $375, also with a Buy stance. Piper Sandler launched coverage with an Overweight rating and a $396 price target. The collective average price target among all covering analysts stands at $366.95, implying approximately 4% upside from current levels.

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The overall analyst rating is Moderate Buy, comprising two Strong Buy ratings, nine Buy recommendations, eleven Hold positions, and one Sell rating among the 23 analysts providing coverage.

Younger Demographics Fueling Expansion

A particularly compelling narrative involves shifting customer demographics. Millennials and Gen Z members have emerged as the fastest-growing segment within Amex’s cardholder base. This demographic shift aligns perfectly with spending patterns focused on experiential purchases — travel, dining, entertainment — categories where the company’s premium card offerings deliver maximum rewards and benefits.

Capturing younger cardholders with premium products early in their financial journey tends to create lasting relationships. As significant wealth transfers occur from older generations over the next several decades, this early-established brand affinity could generate substantial long-term value for the company.

Equity analysts project earnings expansion of 13% to 14% per year over the next three to five years. Even applying a more conservative 10% growth assumption to account for potential economic headwinds, combined with the current 1.1% dividend yield, investors could reasonably expect total annual returns around 11%. Using the rule of 72, this pace would double an investment approximately every six to seven years.

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Valuation Metrics and Shareholder Returns

AXP currently trades at less than 20 times projected 2026 earnings. This valuation appears reasonable given the company’s growth trajectory. The price-to-earnings-growth ratio sits at 1.45, while the beta coefficient of 1.04 indicates volatility roughly matching the broader market.

The company recently announced its quarterly dividend of $0.95 per share, scheduled for payment on August 10 to shareholders of record as of July 2. This equates to an annualized payout of $3.80, generating a yield of approximately 1.1%.

The stock is trading above both its 50-day moving average of $322.50 and its 200-day moving average of $333.27.

The upcoming earnings release will provide critical insight into whether the first-quarter outperformance represents an isolated event or the beginning of sustained momentum.

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