The acquiring entity is Mirae Asset Consulting, an affiliate of Mirae Asset Group, which has acquired Korbit’s shares through mandated regulatory reporting procedures, becoming the largest shareholder. The announcement clarified that there are no changes to Korbit Co., Ltd., the corporation that operates Korbit.
The affiliate firm also looks after the group’s hotels and golf course businesses and now reportedly holds a 97.15% stake in Korbit.
For the exchange users, the acquisition by the Mirae affiliate brings no immediate disruption. The exchange said that all services, such as login, trading, deposits and withdrawals, will continue without interruption. User deposits and virtual assets will continue to be held separately from company assets, consistent with South Korea’s Act on the Protection of Virtual Asset Users. Personal data processing also remains unchanged and requires no action from users.
Google says its search function is not dead, it’s thriving.
In a Wednesday earnings call, Alphabet CEO Sundar Pichai said Google’s AI-powered features, such as AI Overviews and AI mode, were driving growth in search queries.
Pichai said he saw this in full effect during the FIFA World Cup that started in June and wrapped up on Sunday.
“As a big football fan, I was particularly excited to see search usage hit an all-time high during the World Cup this year,” he said. “This really highlights how much people turn to Google in moments that matter.”
He said Google’s AI-powered search function, AI Mode, has surpassed a billion monthly active users since it was expanded globally last October. The tool is driving an “incremental increase in search queries overall,” and is allowing Google to “send billions of clicks to websites every week through AI features in Search,” he said.
Pichai added during the earnings call that Google saw 17% revenue growth in search driven by these tools, and that the company will continue to make search more “helpful and intuitive.”
Search is one of Google’s largest cash cows. It was the third-highest revenue-producing product in Alphabet’s latest quarter earnings, edged out only by advertising and Google Services.
The company on Wednesday reported its latest quarter earnings of $119.8 billion, up 24% from a year earlier. Its stock was down 1.24% at market close.
The tech executive’s comments contradict the fears many publishers had when Google began integrating AI more aggressively into its search engine.
Many media companies and publishers reported their traffic dropping as users are increasingly becoming satisfied with AI answers, which are scraped from traditional websites without linking back to their sources.
Businessman trading stock market on teblet screen by Nespix via iStock
Redwire Corporation (RDW) has taken investors on a roller-coaster ride this year. The aerospace and defense company’s stock initially surged on the wave of excitement surrounding SpaceX’s (SPCX) blockbuster IPO. But the rally quickly unraveled as investor enthusiasm gave way to concerns over a $500 million equity offering that raised fears of significant shareholder dilution, ongoing cash burn, and a broader cooldown across the space sector following the SpaceX frenzy. Despite the volatility, Redwire’s long-term growth story remains compelling.
The company supplies mission-critical components and systems for some of the fastest-growing areas in aerospace and defense, including satellites, unmanned aircraft systems, and advanced space infrastructure, serving both commercial customers and government agencies. Investor sentiment received a fresh boost on July 20 after Redwire unveiled plans to significantly expand its Huntsville, Alabama, campus, a move aimed at ramping up production of unmanned aircraft systems and next-generation space technologies.
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The company will add 164,000 square feet to its existing facility, substantially increasing its manufacturing and engineering capacity to meet rising demand for aerospace and defense products. Construction is already underway, with the expanded campus expected to be operational by the fourth quarter of 2027. The expansion is supported by approximately $8.5 million in state and local economic development incentives and is expected to create around 150 high-skilled jobs across engineering, manufacturing, systems integration, and technical operations.
The additional capacity will accelerate production of Redwire’s Stalker unmanned aircraft systems, Octopus gimbal payloads, advanced energy technologies, and space systems designed for exploration, commercial missions, and national security applications. For investors, this expansion serves as more than just a facility upgrade. It signals growing customer demand, confidence in Redwire’s long-term order pipeline, and the company’s commitment to scaling its manufacturing footprint in an industry benefiting from rising defense budgets and increasing investment in space infrastructure.
With the company positioning itself to capitalize on these powerful industry tailwinds, the latest announcement could mark an important step in rebuilding investor confidence.
About Redwire Stock
Founded in 2020 and headquartered in Jacksonville, Florida, Redwire is an aerospace and defense company developing the technologies driving the future of space exploration, national security, and defense. The company designs, develops, and manufactures mission-critical components and systems spanning satellites, space infrastructure, robotics, avionics, solar power systems, digital engineering solutions, and unmanned aircraft systems.
Redwire serves a diverse customer base that includes commercial space companies, the United States government, and defense agencies. Its technologies support a broad range of applications, from satellite missions, in-orbit servicing, and deep-space exploration to Earth observation, advanced manufacturing, intelligence, and national security. Backed by a workforce of approximately 1,400 employees across North America and Europe, the company continues to expand its engineering and manufacturing capabilities to meet growing demand for advanced aerospace and defense technologies.
As global investment in space infrastructure and defense modernization accelerates, Redwire is positioning itself as a key supplier of the mission-critical technologies powering the next generation of aerospace innovation. Currently valued at a market capitalization of $2.05 billion, Redwire has experienced a turbulent year in the stock market.
Shares climbed 3.62% on July 20 after the company announced plans to significantly expand its manufacturing campus in Huntsville, Alabama, reinforcing investor optimism about its long-term growth prospects. Despite the recent rebound, the stock remains 64.8% below its 52-week high of $26.64, reached on May 28. Even so, Redwire has outperformed the broader market in 2026, delivering a 21.65% year-to-date (YTD) gain, comfortably ahead of the S&P 500 Index’s ($SPX) 9.7% return during the same stretch.
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Inside Redwire’s Q1 Earnings Report
Redwire kicked off fiscal 2026 with a quarter of rapid expansion, as booming demand across its space infrastructure and defense businesses continued to fuel exceptional revenue growth. For the first quarter, revenue jumped 57.9% year-over-year (YOY) to $96.97 million, driven by strong execution across its space programs and the addition of defense technology sales from the Edge Autonomy acquisition. Although revenue fell short of Wall Street’s $104.68 million estimate, the results underscored the company’s accelerating scale.
Space revenue increased to $52.67 million, while defense technology revenue skyrocketed 378% YOY to $44.30 million, highlighting the transformative impact of the acquisition. While Redwire reported a GAAP net loss of $76.5 million, or $0.40 per share, compared with analysts’ estimate of a $0.15 per-share loss, the headline figure was largely distorted by more than $44 million in one-time charges, including a $42.5 million non-cash equity compensation expense related to the Edge Autonomy transaction.
Beneath the headline numbers, the company’s operating performance continued to gain momentum. GAAP gross margin expanded to 26.6%, up sharply from 14.7% a year earlier and 9.6% in the previous quarter, reflecting stronger execution and a richer mix of higher-margin products and services. Redwire’s growth pipeline also continued to strengthen. The company ended the quarter with a book-to-bill ratio of 1.92, meaning it booked nearly twice as much new business as it recognized in revenue during the quarter.
Its contracted backlog climbed to a record $498.1 million, providing strong visibility into future revenue and reinforcing healthy customer demand. And, the company’s financial position improved meaningfully. Net cash used in operating activities declined to $6.7 million, contributing to a $36 million YOY improvement in free cash flow, while total liquidity rose 21% to $175.2 million. Looking ahead, management reaffirmed its full-year 2026 revenue guidance of $450 million to $500 million, signaling confidence that its growing presence across the space and defense markets will continue to drive long-term growth.
What Do Analysts Think About Redwire Stock?
Although analyst coverage remains relatively limited, Wall Street is broadly bullish on Redwire. The stock carries a consensus “Moderate Buy” rating based on nine analyst opinions, with five recommending “Strong Buy,” three assigning “Hold,” and only one issuing a “Moderate Sell” rating. Analysts also see meaningful upside ahead. The average price target of $14.88 implies potential gains of 58.1% over the next 12 months, while the Street-high target of $24 suggests the stock could rally an impressive 155.1% from current levels if Redwire successfully executes on its long-term growth strategy.
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On the date of publication, Anushka Mukherji did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
The contract treated the withdrawal as valid and released the funds after a 200-second dispute period. The bridge did exactly what it was designed to do, but the keys authorizing were apparently in the wrong hands.
The attacker then bridged the stolen USDC to Ethereum and swapped it for about 12,467 ETH, worth roughly $24 million, which on-chain trackers say now sits in a single wallet.
AFX’s trading activity had been climbing sharply in the run-up to the attack, with daily perpetuals volume spiking to multi-month highs in mid-July, according to DefiLlama, as the protocol drew in users and, with them, deposits.
The roughly $24 million drained was almost the entirety of the protocol’s total value locked, meaning the attacker emptied the vault at close to the moment it was fullest.
The loss lands amid a punishing stretch for crypto security, with Q2 among the worst quarters for hacks on record and a run of Arbitrum-based protocols, including the oracle exploit that drained a separate $18 million from RWA platform Ostium a week earlier, hit in quick succession.
As such, the incident is a similar failure to the roughly $285 million Drift Protocol loss in April, where attackers spent months working their way to privileged access rather than breaking any contract.
After Aster DEX listed eCash perpetual futures with 5x leverage and 2.5x trading points, eCash [XEC] pumped 55% to $0.00001.
Market speculation soared, with derivatives volume on Aster surging 85% to $4.5 million, while overall volume surpassed $7 million.
Source: X
Shortly after the price pump, the altcoin retraced to $0.000006. After this drop, buyers returned with strength and defended higher levels, and XEC’s downside trend reversed, hiking to $0.0000087.
As of this writing, eCash was trading around $0.0000078, after rising 14.7% on the daily charts. Over the same period, its trading volume climbed 106% to $36.8 million while the market rose 13% to $158 million.
eCash traders stage a strong comeback
After eCash recently retraced following a major rally, traders returned across the market, seeking to reenergize it.
Speculators especially showed increased appetite. According to Coinalyze data, Daily Perpetuals Buy Sell Volume climbed to 174.6 billion compared to 172 billion in sell volume.
Source: Coinalyze
As a result, the buy-sell delta rose to 2.6 billion. At the same time, the market held a positive net buying of 77.5 billion.
A positive delta and net buying suggested that more capital flowed into opening new positions. Likewise, the Derivatives Volume rose 4% to $1.4 million while Open Interest jumped 2% to $2.8 million.
Source: CoinGlass
The rising OI and volume confirmed the earlier observation that traders deployed capital to open new positions. The same market behavior was observed on the spot side.
According to Coinglass data, the Spot Netflow turned negative after six consecutive days of negative flows. After the Aster listing, the altcoin’s Netflow skyrocketed to an ATH of $927k, reflecting intense profit realization.
Source: CoinGlass
Thus, after the rebound, holders rushed to cash out after staying underwater for a prolonged period. Now, this selling pressure has cooled down, and holders are less incentivized to sell.
At press time, Netflow was -$50k, suggesting eCash flowed out of exchanges, a clear sign of rising accumulation.
Historically, such market demand has strengthened upside momentum, setting the path for more gains on price charts.
Can XEC’s upside hold, or is it merely a speculative bubble?
eCash rebounded after the Aster listing of perps futures, and the market is still riding on the wave. Traders have remained extremely active across the market.
Source: TradingView
As a result, XEC’s +DI of the Directional Movement Index (DMI) climbed to 41, while the ADX rose to 46. The rising ADX and +DI indicated strong upward momentum and the likelihood of its continuation.
Currently, eCash is testing the 200-day EMA at $0.000008. If XEC closes above it, the altcoin could reclaim $0.00001 again.
However, if $0.000008 fails to hold, a pullback to $0.000006 will most likely follow.
Final Summary
eCash [XEC] surged 14.7%, successfully holding $0.000006 support to reclaim $0.0000087.
eCash rebounded amid a cool-down in profit realization and renewed speculative activity across the market.
PayPal Holdings Inc HQ photo-by bennymarty via iStock
Earlier this month, shares of fintech firm PayPal Holdings (PYPL) jumped after reports emerged that rival payments firm Stripe and private equity company Advent International had made a $53 billion takeover bid. The reported takeover bid values PayPal at $60.50 per share, a 28% premium to its July 14 closing price.
However, according to a new report, PayPal’s board considers the bid to be undervalued and potentially setting the stage for negotiations over the future. PayPal has not formally replied to the proposal. The potential acquisition is being questioned as the payments giant loses ground to competitors, particularly Apple (AAPL), Shopify (SHOP), buy-now/pay-later companies like Affirm (AFRM), and Klarna (KLAR), and peer-to-peer money transfer services like Cash App and Zelle.
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This year, PayPal appointed Enrique Lores as CEO to rejuvenate the company’s fundamentals. Lores has sought an AI approach to reinvent the digital payments stalwart, expecting it to result in cost savings that can be reinvested.
How should you play the stock here?
About PayPal Stock
PayPal is a global financial technology company that operates a digital payments platform. Its services support checkout, peer-to-peer transfers, merchant payment processing, and other commerce-related tools across many markets. The company is headquartered in San Jose, California and has a market capitalization of $50.12 billion.
PayPal’s stock is down because growth has slowed, guidance has been cautious, and investors want clearer proof that the core payments business can reaccelerate. Additionally, recent results raised concerns about margins and near-term execution.
Over the past 52 weeks, the stock has dropped 25.6%, while it is down 4.6% year-to-date (YTD). PayPal’s shares reached a 52-week low of $38.46 on Feb. 12, but are up 45% from that level. Amid potential acquisition interest, the stock has climbed 31% over the past month.
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On a forward-adjusted basis, PayPal’s price-to-earnings (non-GAAP) ratio of 10.70 times is lower than the industry average of 11.37 times.
PayPal Reported Q1 Results, with Focus on Strategic Priorities
For the first quarter, PayPal made it clear that it is taking deliberate steps to sharpen its strategy and simplify its organization. The company is trying to reinject growth into its system and improve its cost structure, so that margins expand. PayPal’s total payment volume (TPV) increased 11% year-over-year (YOY) to $463.96 billion, while its active accounts increased 1% to 439 million.
Turning to the financials, the company’s net revenues increased 7% from the prior-year period to $8.35 billion, exceeding the $8.05 billion expected by Wall Street analysts. Its transaction margin dollars grew 3% YOY to $3.81 billion.
The modest growth in the top line has affected PayPal’s bottom line. Its non-GAAP operating income dropped 5% YOY to $1.54 billion. However, its non-GAAP EPS was $1.34 for the quarter, up 1% YOY, surpassing the Street’s expected $1.27. For the current year, PayPal expects its non-GAAP EPS to decline in the low single digits or be slightly positive.
Wall Street analysts are tepid about PayPal’s future earnings. They expect the company’s EPS to decline by 8.6% YOY to $1.28 for the fiscal second quarter (to be reported on July 28, before the market opens). For fiscal 2026, EPS is projected to grow marginally to $5.32, followed by an 8.3% increase to $5.76 in fiscal 2027.
What Do Analysts Think About PayPal’s Stock?
This month, analysts at Barclays upgraded PayPal from “Underweight” to “Equal Weight” and gave a $55 price target. The ratings upgrade came after media reports of a potential takeover of PayPal. While fundamentals were unchanged, analysts did not see the acquisition creating material downside for now, given speculation.
Canaccord Genuity analysts raised PayPal’s price target from $42 to $55, while maintaining a “Hold” rating on the stock. Canaccord said PayPal’s board now seems more focused on improving operations under the new CEO than on strategic deals. It added that the core eCommerce payments business is mature, while PayPal has struggled to move into faster-growing consumer finance areas.
Wall Street analysts are taking a cautious stance on PayPal’s stock now, with a consensus “Hold” rating overall. Of the 45 analysts rating the stock, five analysts gave a “Strong Buy” rating, two analysts suggested “Moderate Buy,” while a majority of 33 analysts are playing it safe with a “Hold” rating, one analyst suggested “Moderate Sell,” and four analysts gave a “Strong Sell” rating. The consensus price target of $50.07 represents a 10.1% downside from current levels. However, the Street-high price target of $66 implies an 18.5% upside.
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Key Takeaways
With slowing growth, a transition phase with a new CEO, and the takeover bid not yet certain, it might be wise to simply observe PayPal for now.
On the date of publication, Anushka Dutta did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
The U.S. Securities and Exchange Commission (SEC) has signaled that one of decentralized finance’s fast-growing sectors could face greater regulatory scrutiny.
In a statement Wednesday, Commissioner Hester Peirce said crypto vaults and onchain lending strategies may fall under federal securities laws depending on how they are structured and managed.
While many crypto activities lie outside the SEC’s jurisdiction, she cautioned that moving them onto blockchain rails does not automatically change their legal status.
“Tokenized securities are still securities,” Peirce said, echoing her earlier remarks. “That principle holds for vaults.”
“If you do headstands, backflips and other gymnastics to read the law so that it does not apply to crypto assets and activities that are well within the scope of the federal securities laws, you will have a painful fall,” she added.
Her comments rippled across the crypto market. MORPHO$2.0183, one of the largest providers of vault infrastructure, fell roughly 5% following the statement, underperforming the broader crypto market.
MORPHO price today (CoinDesk)
Vaults have become one of DeFi’s fastest-growing products by allowing users to deposit crypto into smart contracts that automatically allocate capital across lending markets and other yield-generating strategies. Users receive returns while the vault’s rules, or in some cases professional managers known as vault curators, determine where funds are deployed.
