The post LINK Price Climbs 4% as Whales Scoop Up $2.17M Worth of Chainlink appeared first on Coinpedia Fintech News
Chainlink (LINK) extended its weekly recovery on Wednesday, climbing more than 4% as investors returned to large-cap altcoins amid a broader crypto market rally. While Bitcoin and Ethereum provided the macro tailwind, LINK’s move appears to be backed by something stronger than market optimism. Fresh on-chain data shows record wallet growth, aggressive whale accumulation, and …
The post Ethereum Breaks Above $1,800—Can a $24M Whale Bet Push ETH Toward $2,000? appeared first on Coinpedia Fintech News
Ethereum price has finally reclaimed the $1,800 resistance after spending weeks trading below the level, marking one of its strongest technical developments in recent sessions. The breakout comes as market participation accelerates, with a high-profile trader opening a $24.3 million leveraged long position on ETH. The move has quickly shifted traders’ attention toward the next …
The post DTCC Launches Pilot to Tokenize U.S. Stocks and Treasuries appeared first on Coinpedia Fintech News
The Depository Trust & Clearing Corp. (DTCC) has launched a pilot program to test the tokenization of U.S. stocks and Treasury securities, according to a Wall Street Journal report. The trial involves 40 financial institutions, including JPMorgan, BlackRock, Goldman Sachs and Vanguard, and will evaluate the settlement and custody of tokenized assets on a shared …
The post Bitcoin Price Tops $65,000 After Softer U.S. PPI Data appeared first on Coinpedia Fintech News
Bitcoin climbed above $65,000 and Ethereum reached $1,900 for the first time in 43 days after U.S. producer prices (PPI) fell 0.3% in June, bringing annual producer inflation to 5.5%, below expectations. The rally triggered about $100 million in short liquidations within 30 minutes, while the total cryptocurrency market added nearly $250 billion in value …
The post Bitmine Says Ethereum Staking Generated 98% of Quarterly Revenue appeared first on Coinpedia Fintech News
Bitmine Immersion Technologies reported $45.7 million in Ethereum staking and validation revenue for the quarter ended May 31, accounting for 98% of total revenue, according to its latest 10-Q filing. The company generated about $2 million in revenue a year earlier, mainly from machine leasing. Bitmine said its institutional Ethereum staking platform, MAVAN, has staked …
The US Dollar (USD) remained under bearish pressure during the European session on Wednesday after weakening against its major counterparts in the previous session.
It was trading around 100.80.
Market participants turned their focus to upcoming economic data and central bank decisions.
The US Bureau of Labour Statistics is set to release the June Producer Price Index (PPI) later in the day, while the Bank of Canada (BoC) is scheduled to announce its latest monetary policy decision.
The US Dollar continued to face selling pressure after weakening broadly on Tuesday.
Investors shifted their attention to the release of the June PPI report, which is expected to provide further insight into inflation trends in the United States.
The inflation data follows a softer-than-expected US Consumer Price Index (CPI) report for June, which prompted traders to reassess expectations for future Federal Reserve (Fed) interest rate decisions.
The repricing of rate expectations weighed on the greenback across major currency markets.
The Australian Dollar struggled to extend its strong gains from the previous session.
The AUD/USD pair traded within a narrow range below the 0.6700 mark during the European morning, indicating cautious market sentiment ahead of the scheduled economic releases.
Meanwhile, the EUR/USD pair entered a consolidation phase after advancing approximately 0.4% on Tuesday.
The pair remained above the 1.1400 level in the European session as investors awaited Eurostat’s Industrial Production data for May, which was scheduled for release later in the day.
The British Pound also held onto recent gains.
GBP/USD traded steadily around the 1.3400 level after ending Tuesday’s session in positive territory.
The pair showed limited movement as traders refrained from taking large positions before the release of key US inflation data.
In Japan, the USD/JPY pair recorded marginal losses on Tuesday despite the broad-based weakness in the US Dollar.
During early European trading on Wednesday, the pair fluctuated within a narrow range above the 162.00 level.
Attention also remained on the Bank of Canada’s monetary policy announcement.
The BoC was widely expected to leave its benchmark policy interest rate unchanged at 2.25% following its July meeting.
Ahead of the decision, the USD/CAD pair stabilized around the 1.4050 level during the European session after declining roughly 0.7% in the previous trading session.
Market participants awaited the central bank’s policy statement and any guidance that could influence expectations for future interest rate moves.
The Indian Rupee (INR) strengthened further against the US Dollar on Wednesday after posting notable losses over the previous three trading sessions.
The USD/INR pair declined to around 96.11 as continued selling pressure on the US Dollar supported the local currency.
The Rupee’s appreciation came after traders adjusted Federal Reserve interest rate expectations in response to the softer-than-expected June US CPI data, which reduced demand for the US Dollar across global markets.
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Pepperstone, a leading CFD broker, today announced the expansion of its Perpetual CFD offering as financial markets increasingly move toward continuous trading.
The rollout extends perpetual market access beyond digital assets, reflecting a broader shift underway across global finance, where investors are demanding markets that operate around the clock rather than within traditional exchange hours.
Perpetual futures have become one of the fastest-growing product categories in global markets, with annual trading volumes estimated to have exceeded $90 trillion in 2025.
At the same time, industry estimates suggest tokenised financial assets could grow from around $35 billion today to approximately $2 trillion by 2030, reinforcing the shift towards always-on, blockchain-based markets.
Together, these developments point to a future where ownership becomes increasingly digital, liquidity becomes continuous, and market access extends well beyond traditional exchange hours.
Perpetual markets first emerged in digital assets, predominantly in the crypto space.
Pepperstone is helping bring that innovation into the regulated world, extending perpetual access across traditional asset classes as global financial markets continue their evolution toward continuous trading.
Having launched SPCX.US-PERP, a synthetic perpetual CFD referencing SpaceX, Pepperstone is now accelerating the next phase of its rollout.
Gold, Silver, Nasdaq, S&P 500, WTI, and Brent Crude perpetual CFDs are among the instruments planned for launch, extending 24/7 market access across metals, indices, and energy markets.
All products will be available through Pepperstone’s regulated CFD framework, utilizing its global regulatory licenses, which provide traders with access to perpetual market mechanics via familiar platforms and account structures.
Tamas Szabo, Group CEO of Pepperstone, stated that the expansion reflects a broader transformation occurring across global financial markets.
“The concept of markets opening and closing at fixed hours is becoming increasingly outdated. Capital, information, and risk now move continuously, and we believe 24-hour markets will become a standard feature of modern finance. Our focus is on bringing that future into a regulated environment that traders already know and trust.”
Chris Weston, Head of Research at Pepperstone, said the shift toward 24/7 markets is being driven by the changing nature of information flow and global capital markets.
“Major market-moving developments no longer wait for opening bells. Information is global, instantaneous, and continuous, and traders increasingly want access to markets when opportunities emerge. We see that demand for continuous access is becoming a defining feature of the next generation of financial markets.”
Unlike perpetual futures offered on many crypto exchanges, Pepperstone’s Perpetual CFDs operate entirely within its existing CFD infrastructure.
Traders can access perpetual market exposure through a trading account without the need for crypto wallets, exchange collateral arrangements, or separate venue onboarding.
The expansion forms part of Pepperstone’s broader strategy to build products that reflect how markets are evolving and how clients increasingly want to access them.
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BlackRock (BLK) shares climbed in premarket trading on Wednesday after the world’s largest asset manager reported second-quarter earnings, revenue and assets under management that exceeded Wall Street expectations.
The company reported adjusted net income of $2.3 billion for the quarter, up 22% from a year earlier, while assets under management (AUM) rose 22% year over year to a record $15.3 trillion, marking the first time the firm has crossed the $15 trillion milestone.
Adjusted earnings per share came in at $13.91, well above analysts’ estimates of about $12.65.
Revenue increased 31% from the prior year to $7.1 billion, beating consensus expectations of roughly $6.7 billion.
BlackRock shares rose 5% in premarket trading following the results.
BlackRock delivered stronger-than-expected financial results across its key metrics, extending the momentum seen earlier this year.
Revenue growth was supported by growth across the firm’s investment businesses and contributions from its private markets platform.
The company also reported adjusted net income of $2.3 billion, reflecting continued growth in profitability.
Chief Executive Officer Larry Fink said the firm’s operating environment remains favorable.
“Market fundamentals are strong and well supported, with higher margins and earnings momentum catalyzed by new technology,” Fink said in a statement. “Flows in the first six months of 2026 more than doubled year-over-year.”
He added: “Our momentum is accelerating, and I’ve never been more optimistic about the growth ahead.”
Client inflows remained a major driver of BlackRock’s growth during the quarter.
The firm attracted $192 billion of net client inflows during the second quarter, while total long-term net inflows reached $199 billion, exceeding the $170 billion average estimate compiled by Bloomberg.
BlackRock’s exchange-traded fund business accounted for the majority of new client money, bringing in $178 billion of net inflows.
Actively managed investment strategies also attracted strong demand, with investors adding $53 billion on a net basis.
For the first half of 2026, BlackRock reported record net inflows of $321 billion.
The growth lifted total assets under management to $15.3 trillion, up from $13.9 trillion at the end of the first quarter and $12.5 trillion a year earlier.
BlackRock also continued expanding its higher-margin private markets and alternatives businesses.
The company reported 8% growth in organic base fees, marking the eighth consecutive quarter in which organic base fee growth exceeded 5%.
Performance fees increased by $211 million compared with the prior-year period, primarily due to stronger revenue from alternative investment products.
Alternative and liquid private assets generated $22 billion of inflows during the quarter, compared with $14.6 billion in the previous quarter.
Private markets accounted for $15.4 billion of those inflows.
BlackRock said revenue also benefited from fees associated with its acquisition of HPS Investment Partners, the private credit firm it agreed to acquire for $12 billion in 2025.
Reflecting confidence in its growth outlook, the company increased its planned share repurchases for 2026 to $2 billion.
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Lucid Group stock is attempting to rebound today, July 15, after plunging more than 40% in the previous session. LCID rose by about 2% in premarket trading to $4.73, recovering modestly from its lowest level of the week.
LCID stock crawled back after a report by an electric vehicle blog said that it had hired restructuring advisors. It added that the company was considering either going private or filing for bankruptcy protections. In a separate report, Bloomberg said that it had hired AlixPartners, a popular restructuring specialist.
In a statement, Lucid denied these allegations and maintained that it had adequate liquidity to carry out its operations well into next year. The statement added that:
“The company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special Board committee to explore the scenarios reported today.”
Instead, the company plans to use AlixPartners for advice on execution, strengthening its operations, and positioning itself to realize the full potential. The statement added that:
“AlixPartners is assisting us in that and nothing else and has not recommended bankruptcy to management or the Board.”
Still, despite the assurance, the company’s business remains under pressure, with profitability remaining elusive. The most recent results showed that its loss from operations soared to over $989 million in Q1 from $691 million in the same period last year.
Its net loss soared to over $1.02 billion from $366 million in Q1’25. This surge happened as its operational costs, including research and development, selling, general and administrative (SG&A) costs, jumped.
Lucid has never made a profit, and analysts expect that its path to profitability remains elusive. Its total loss last year was over $2.7 billion and is burning about $1 billion a quarter.
Analysts do not expect the company to become profitable over the next few years. According to Yahoo Finance estimates, it is projected to post a loss of $7.97 per share this year, an improvement from the $10.00 per share loss reported last year.
Losses are expected to narrow further to $4.75 per share next year, signaling progress toward profitability despite the company remaining in the red.
Lucid ended the last quarter with $700 million in cash and cash equivalents and $1.46 billion worth of inventories. As a result, with the company burning at least $1 billion a quarter, it will need to raise additional capital.
Lucid has always raised cash from Saudi Arabia’s PIF, which owns a 45.38% stake in the company. It has also raised cash through equity issuances, which has pushed its outstanding shares to 390 million from 164 million in 2021.
This dilution will likely continue as it continues to boost its balance sheet and turnaround efforts. These efforts have included layoffs, and AlixPartners has recommended more measures, including slowing its European expansion and accelerating its relationship with Uber. Uber holds a 3.51% stake in the company.
Looking ahead, Lucid Group’s stock is likely to remain highly volatile. Historically, sharp sell-offs are often followed by dip-buying as investors look to capitalize on the decline.
However, these initial rebounds can sometimes turn out to be a dead-cat bounce—a temporary recovery in the price of a stock that is otherwise in a sustained downtrend.
The alternative scenario is where the stock continues falling as investors dump the stock as bankruptcy fears rise.
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US wholesale prices unexpectedly declined in June, offering fresh signs that inflationary pressures are easing, although renewed geopolitical tensions in the Middle East threaten to reverse the recent improvement in energy costs.
Data released by the Bureau of Labor Statistics on Wednesday showed the producer price index (PPI), which measures prices received by producers for their goods and services, fell 0.3% in June on a seasonally adjusted basis.
Economists surveyed by Dow Jones had expected the index to remain unchanged during the month.
On an annual basis, producer inflation stood at 5.5%, reflecting slower price growth despite remaining well above the Federal Reserve’s long-term inflation target.
Excluding the more volatile food and energy categories, core PPI increased 0.2% in June, below forecasts for a 0.3% rise.
The biggest contributor to the monthly decline was a sharp fall in goods prices, which dropped 1.4%, marking the largest decrease since July 2022.
Lower energy costs played the dominant role, with prices for energy products falling 6.4% during the month.
Wholesale food prices also declined 0.6%, while services prices rose 0.2%.
According to the Bureau of Labor Statistics, nearly two-thirds of the decline in final demand goods prices was linked to gasoline, which plunged 12%.
Prices also fell for diesel fuel, jet fuel, crude petroleum, fresh vegetables excluding potatoes, and thermoplastic resins and materials.
Some categories, however, continued to register increases. Plastic products rose 1.6%, while residential electricity and potato prices also moved higher.
The weaker-than-expected producer inflation data followed similarly soft consumer inflation figures released a day earlier, strengthening investor optimism that underlying price pressures are gradually cooling.
Mohamed A. El-Erian, economist and Rene M. Kern Professor of Practice at the Wharton School, said the figures were significantly below market expectations.
“Just like yesterday’s CPI, US PPI inflation came in significantly softer than consensus forecasts, across the board,” El-Erian said.
He noted that headline producer inflation slowed to 5.5% annually while the core rate eased to 4.7%.
“These much better-than-expected figures are set to boost equities and further temper market expectations for upcoming interest rate hikes,” he added.
US stock futures moved higher following the report.
S&P 500 futures gained about 0.3%, while Nasdaq 100 futures advanced roughly 0.6%, supported by strength in semiconductor stocks.
Despite the encouraging inflation data, energy markets have started moving higher again following renewed military escalation between the United States and Iran.
The ceasefire between the two countries collapsed last week after commercial tankers came under attack in the Strait of Hormuz, leading to fresh military strikes and renewed concerns over global oil supplies.
The United States also reimposed a naval blockade of Iran, helping push crude prices to their highest levels in four weeks.
West Texas Intermediate crude rose 0.6% to trade above $79 per barrel, while Brent crude gained 0.7% to move above $85.
US Central Command said further strikes had been launched against Iranian targets, stating the operations were intended to weaken military capabilities used in attacks on commercial shipping.
Before the PPI release, economists had expected the Fed’s preferred inflation gauge, the core personal consumption expenditures index, to rise 0.2% in June after increasing 0.3% in May, bringing annual core PCE inflation down to 3.3% from 3.4%.
Financial markets continue to expect the Federal Reserve to leave interest rates unchanged at 3.50%-3.75% at its upcoming meeting, although traders still see the possibility of another rate increase in September.
Fed Chair Kevin Warsh reiterated on Tuesday that the central bank has “no tolerance for persistently elevated inflation,” underscoring policymakers’ commitment to bringing inflation closer to the 2% target.
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