SK Hynix stock rout shines light on this stunning semiconductor stock reality

Lawsuit: Penske and Boehly staged Golden Globes boycott to buy it cheap

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July 29, 2026

Lawsuit: Penske and Boehly staged Golden Globes boycott to buy it cheap

Members of the Hollywood Foreign Press, which founded and for decades owned the Golden Globe Awards, have sued Penske Media Corporation and others, alleging they engaged in fraud to acquire the valuable awards show in an attempt to create an entertainment industry monopoly.

The lawsuit filed in federal court in California on Tuesday alleges that Penske Media and owner Jay Penske colluded with holding company Eldridge Industries and its CEO Todd Boehly to fuel a backlash and boycott against the Globes to devalue it and acquire it, and to deceive the HFPA about a sale they were pressured into accepting.

“This case arises from a clandestine scheme to fraudulently acquire the prestigious and valuable 80-year-old Golden Globe Awards,” the lawsuit says, “and exert monopolistic control over the Hollywood trades, awards, and advertising markets, all in violation of state and federal unfair competition and antitrust laws.”

It alleges Boehly and Eldridge hid the involvement of Penske in the 2023 deal from the HFPA board, which never would have approved it if they had known of it. Penske Media’s assets include Variety, Deadline, The Hollywood Reporter, Rolling Stone, Billboard and Dick Clark Productions, which owns or produces several awards shows including the American Music Awards and is now part owner of the Globes.

The lawsuit says the HFPA members were promised lifetime Golden Globes tickets and voting privileges, along with other perks, which Penske reneged on by attaching unworkable conditions. And it says the buyers infiltrated the HFPA leadership to push through the deal.

A representative of the Golden Globes’ current owners said in a statement that the lawsuit “continues the absurdity and irrationality that the industry has come to expect from the defunct organization formerly known as the HFPA.”

The Golden Globes, long treasured as a glitzy, champagne-soaked opening of Hollywood’s awards season, has had a turbulent 2020s full of lawsuits and public controversies. In 2021, a Los Angeles Times investigation revealed the group had only one Black member.

That brought a public outcry and boycott that led to NBC refusing to air the awards in 2022. The lawsuit claims that Boehly and Penske “surreptitiously instigated” the boycott and used Penske’s publications to fuel it.

After the 2023 acquisition and reorganization of the Globes, the show got a new broadcast home on CBS.

Boehly, who is also part owner of sports franchises including Chelsea FC and the Los Angeles Dodgers, was not named as a defendant, nor was his Eldridge Industries. The reasons weren’t immediately clear, and the plaintiffs declined to comment. There was also no immediate reply to an email seeking comment from Boehly and his company.

The lawsuit also alleges that Penske and Boehly manipulated and misused California’s nonprofit laws. It says the Golden Globe Foundation, established as the successor to the HFPA’s philanthropic arm, was used to drive down the price of the acquisition, and that it functions a de facto extension of the for-profit entity established by Penske and Boehly, Globes LLC.

“This latest act of duplicity is a new low, even for the HFPA,” the Golden Globes statement said in response. “The attempt by former HFPA members to leverage the Golden Globe Foundation, an independent nonprofit, simply to secure Golden Globes tickets is an unfortunate distraction that inappropriately diverts resources from legitimate charitable causes.”

The statement adds, “We remain troubled that the HFPA, an organization so widely criticized for ethical failures, non-inclusivity, racism, and misconduct involving talent, continues to find attorneys willing to push such illegitimate claims.”

The lawsuit seeks at least $150 million in damages and asks the court to cancel the agreement to dissolve the HFPA.

BNY builds blockchain system for $8.6 trillion fund business

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July 29, 2026

BNY builds blockchain system for $8.6 trillion fund business

BNY, which has more than $59tn in assets under custody and administration, is moving one of its core record-keeping businesses onto blockchain as Wall Street builds the infrastructure for tokenized funds, the Financial Times reported Thursday.

“We think of BNY as modernizing a function that sits behind every single fund transaction by bringing the books and records onchain,” Carolyn Weinberg, chief product and innovation officer at the 242-year-old financial services giant.

BNY, which services about $8.6 trillion in assets across 7.6 million accounts, said moving its transfer agency onto blockchain would create a single record of ownership, cutting out the need for multiple intermediaries.

“We fully recognize you’ve got trillions and trillions of dollars’ worth of funds that… will continue to exist on traditional rails,” said Emily Portney, BNY’s global head of asset servicing, the bank’s largest business.

BNY did not immediately respond to a CoinDesk request for further information.

Baillie Gifford, a BNY client with more than $261 billion under management, will use the service for what the companies describe as the first fully native U.K.-regulated tokenized fund, according to FT. BlackRock and Dreyfus, BNY’s money-market and cash-management business, are expected to use it for planned funds.

If SpaceX Stock Falls Below $100, One Analyst Shares This Warning

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July 29, 2026

If SpaceX Stock Falls Below $100, One Analyst Shares This Warning

As of early-morning trading on July 27, the Space Exploration Technologies (NASDAQ: SPCX) stock price was trading below $110 per share. As it opened at $150 when it began trading to the public on June 12, this may not be the early result some shareholders were expecting.

With SpaceX set to report 2026 second-quarter earnings on Aug. 4, there’s concern that some insiders may sell their shares, putting more downward pressure on the stock price. If SpaceX’s stock price were to fall to $100, however, one analyst has a warning about what that would represent.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »

Image source: The Motley Fool.

Is SpaceX oversold?

In a note shared by Bloomberg, Morgan Stanley analyst Adam Jonas wrote to clients about a disconnect between investing sentiment around SpaceX and its fundamentals. And if the SpaceX stock price falls below $100 per share, it may be a warning that investors are undervaluing, or not valuing at all, SpaceX’s artificial intelligence (AI) efforts.

“Most investors we speak with significantly discount Grok & Cursor,” Jonas wrote in the note. “Many ascribe zero or even negative value for AI given the high capex requirements relative to Space & Connectivity, largely uncertain economics, and the high degree of management time devoted to the business.”

Grok is an AI chatbot that was formerly a part of one of Elon Musk’s other companies, xAI, which SpaceX acquired in February. To bolster its AI capabilities even further, SpaceX entered into a definitive agreement to acquire Cursor, an AI coding and software platform, in an all-stock transaction valued at $60 billion. The deal is expected to close in the third quarter of this year.

With where the stock is trading, Jonas added in his note that, “We see the current valuation as an attractive entry point.”

The upside and risks ahead

According to Bloomberg data, 80% of analysts covering the company recommend buying shares. And with an average price target of $232, that suggests SpaceX may indeed be undervalued.

In addition to Grok and Cursor, SpaceX is also building out AI infrastructure assets, which are helping the company generate revenue as it scales up its broader plans. Anthropic, Alphabet, and Reflection AI are all renting compute capacity from SpaceX, with the deals from just Anthropic and Alphabet potentially generating a combined $26 billion annually for SpaceX. Eventually, SpaceX plans to launch data centers in space, furthering its ability to become a leader in AI infrastructure.

Of course, the risks are plentiful.

SpaceX’s orbital data centers aren’t expected to start launching until 2028, and it will need to spend aggressively to commercialize AI infrastructure in space.

It already is, as its AI division is easily its most capital-intensive. SpaceX spent $12.7 billion in 2025 on its AI segment, compared to $3.8 billion on the space segment and $4.1 billion on its connectivity division. For the first quarter of 2026, capital expenditures for the AI segment were already $7.7 billion.

For what’s ahead, especially depending on the second-quarter results and how many insider shares are ultimately sold, the stock price could continue to drop. The upside is certainly there, but this is still a stock meant for more aggressive investors who can handle the jarring dips in exchange for potential long-term rewards.

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If SpaceX Stock Falls Below $100, One Analyst Shares This Warning was originally published by The Motley Fool

Crypto market records $435M in liquidations as prices hold firm

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July 29, 2026

Crypto market records $435M in liquidations as prices hold firm

According to CoinGlass, 113,026 traders were liquidated in the past 24 hours, totaling $435.16 million. Long positions bore the brunt, losing $324.03 million, while shorts accounted for $111.47 million.

Notably, Ethereum [ETH] had the highest liquidation total of $74.34 million, followed by Bitcoin [BTC] at $61.20 million.

While smaller tokens like Ripple [XRP], Dogecoin [DOGE], Near Protocol [NEAR], and Worldcoin [WLD] saw relatively lower liquidation volumes. Other assets like SNDK and SKHYNIX also saw noteworthy liquidations worth $34.74 million and $25.91 million, respectively.

Token liquidity heatmap — Source: CoinGlass

Price action tells a different story

Typically, these forced liquidations increase selling pressure, which sets off a chain reaction of liquidations that drives prices down and leads to the closure of even more leveraged positions.

Nonetheless, the market capitalization of cryptocurrency indicates that the overall market had risen 1.2% to $2.2 trillion at the time of writing. In the past 24 hours, several coins posted gains, with Bitcoin climbing 1.60% to $64,325.05 and Ethereum rising 1.54% to $1,913.35.

However, Hyperliquid’s SK Hynix perpetual contract experienced a brief 17.9% decline, dropping from $1,127.90 to $917.25. But this occurred due to an incorrect trade from an external Korean market.

Binance under pressure?

That said, almost half of the $435.5 million in market liquidations were on Binance, which had the highest liquidations worth $201.08 million in the exchange-wise liquidation heatmap.

Exchange liquidity heatmap — Source: CoinGlass

Hyperliquid followed the lead with a $93.93 million drain. Whereas OKX, Bybit, and Bitget saw $53.89 million, $27.99 million, and $19.96 million flushed out, respectively.

Is the crypto market undergoing consolidation?

Concerns about market consolidation persist, though it reflects restructuring rather than a full market collapse. Instead of marking the beginning of a larger sell-off, the most recent wave of liquidations seems to be a healthy market reset.

However, with the Crypto Fear and Greed Index still in the “Fear” zone at 29 at press time, it suggests that investors’ confidence is still shaky.

Fear and Greed at 29 — Source: Alternative

Nonetheless, it’s important to note that as compared to the 10th of October 2025 liquidation, when a record $19 billion was drained from the crypto market, this is relatively small.

Still, the impact of October liquidation is lingering as the market has remained volatile to date, with bulls and bears continuing to battle for control.

Final Summary

The market got massively liquidated in the past 24 hours, with Ethereum getting hit the most.
The price action of the assets suggests that the liquidation was not a long-term bearish signal.

Binance offers gold and silver options after commodity futures pull in billions in daily volume

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July 29, 2026

Binance offers gold and silver options after commodity futures pull in billions in daily volume

Options are derivative contracts used by traders to hedge price volatility risks. A call option offers asymmetric upside exposure in the underlying asset for a small upfront payment, much like a lottery ticket. A put option represents an insurance against price drops.

Exchanges typically follow a playbook when offering derivatives as a product. They start with futures to build a deep, liquid order book and tight spreads, and only once that core market is humming do they layer on options as a second wave of more complex, higher‑margin products.

A Binance representative shared volume figures for gold and silver perpetual futures that underscore their popularity. Gold perpetuals, according to the representative, have hit a peak daily volume of $7.77 billion, while silver perpetuals reached $7.27 billion. These peaks represented roughly 3–8% of COMEX gold volume and 9–20% of COMEX silver volume at that time.

“The volume growth suggests that when access to traditional market exposure becomes simpler and more integrated, user participation can ramp up quickly,” the representative said. “Liquidity can become relevant quickly.”

The new options are European-style and settled in USDT. The contracts reference a weighted average of prices drawn from multiple independent third-party data vendors that report the traditional gold and silver markets. This approach produces a robust, market-representative benchmark that does not rely on any single venue or token, according to Binance.

Fed Chair leads two-day meeting as fear grips markets

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July 29, 2026

Fed Chair leads two-day meeting as fear grips markets

Kevin Warsh is leading only his second meeting as Federal Reserve Chair, and this one is proving far less predictable than his first.

The Federal Open Market Committee‘s two-day July meeting began Tuesday and will conclude Wednesday, July 29, with an interest rate decision followed by a press conference.

Unlike Warsh’s first meeting in June, when the Fed’s decision to hold rates steady was widely expected, this time markets are genuinely split on what happens next.

Why this decision is so uncertain

Two conflicting forces are pulling the Fed in opposite directions. June’s inflation report showed prices cooling to 3.5% from 4.2% in May, giving the central bank room to hold rates steady.

But renewed tensions between the U.S. and Iran, along with the breakdown of an earlier ceasefire, have pushed oil prices higher again, reviving concerns that energy costs could feed into broader inflation and force the Fed’s hand toward a hike instead.

According to CME Group’s FedWatch tool, traders are currently pricing in a 70.6% probability that the Fed holds rates steady in the 350 to 375 basis point range, versus a 29.4% probability of a 25 basis point hike.

Those odds have shifted meaningfully over the past month; a month ago, the market gave a hold just a 70.1% probability versus 29.9% for a hike, showing the uncertainty has persisted rather than resolved.

Source: CME Group’s FedWatch tool

Warsh is running the Fed differently

Though only in his second meeting as chair, Warsh has already begun reshaping how the Fed operates. He has signaled he intends to provide significantly less forward guidance than his predecessors, a shift that has visibly unsettled parts of the market that had grown used to clearer signals ahead of rate decisions.

He has also stood up several new task forces to examine potential changes to how the Fed conducts its business going forward.

Trending on TheStreet Roundtable:

Data from Santiment Intelligence, an onchain intelligence platform that also tracks social sentiment across crypto, shows how directly that uncertainty is showing up in trader conversation.

According to a July 28 post from Santiment on X:

“The July FOMC meeting runs July 28-29, with Kevin Warsh leading a crucial interest rate decision that will impact crypto markets. Traders are focused on whether the Fed holds steady again or surprises traders with a hike.”