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Live updates: Bitcoin slips back to $63,000; MSCI threatens to exclude Strategy from indices

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Live updates: Bitcoin slips back to $63,000; MSCI threatens to exclude Strategy from indices


Stocks tied to bringing traditional financial assets onto blockchains are taking a hit Friday morning after the anticipated “innovation exemption” for tokenized securities trading gets delayed.

Bullish (BLSH), the crypto exchange that owns CoinDesk and is acquiring transfer agent Equiniti as it builds infrastructure for issuing and servicing tokenized securities, dropped 9% in the early session, reversing gains on its second-quarter earnings report.

Securitize (SECZ), BlackRock’s tokenization partner and the issuer of its BUIDL fund, fell more than 5% extending its Thursday 27% plunge after missing earnings. Now the stock trades 60% off its late June-early July high following its public debut.

Crypto exchange Coinbase (COIN), which pursues its own tokenized-stock plans and recently picked Abu Dhabi as its offshore tokenization hub, declined 3%.

Circle (CRCL) also dropped 4.2%. While the company is best known as the issuer of the USDC stablecoin, Circle also has a growing footprint in tokenized U.S. Treasuries through USYC, which has the largest market share with roughly $3 billion in assets.

CoinDesk reported late Thursday that the SEC is set to further delay the innovation exemption, which was expected to make it easier for firms to offer trading in tokenized securities. Concerns from both the White House and Wall Street about the proposal’s legal footing and potential impact on markets have held up the plan.



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Strategy faces fresh MSCI threat as MSTR risks index deletion — Details

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Strategy faces fresh MSCI threat as MSTR risks index deletion — Details


Global financial index provider MSCI has renewed its push to exclude Bitcoin treasury firms from its listings. According to its latest proposal, MSCI is consulting to delete any “non-operating company” regardless of the asset the firm handles.  

The new broader framework has flagged Strategy (MSTR) and Metaplanet, some of the leading Bitcoin treasury firms worldwide.

If the framework is implemented as drafted, both Strategy and Metaplanet would be deleted from the MSCI Index. Notably, Ethereum treasury firm Sharplink would also be on the “watchlist” and likely end up being deleted too. 

Strategy MSTR MSCI
Source: MSCI

The proposal is not any different from the earlier guidelines floated in late 2025 that triggered massive panic around MSTR.

In the previous proposal, only non-operating firms handling crypto assets were under target. So if a firm only buys and holds crypto assets but does not use them to run commercial services for revenue, then it would be a “non-operating firm” ripe for deletion. 

For the latest rule, the coverage has been expanded beyond just crypto assets. For example, Yellow Cake, which is also marked for deletion, buys and holds uranium. 

Will MSCI trigger another MSTR sell-off?

Following the uproar and strong lobbying against MSCI’s initial proposal in late 2025, the firm shelved the plan. However, it reiterated that crypto treasury firms will only be left on its index for the “time being.”

Most of the criticism against MSCI at that time was bias against the crypto sector. Some firms in different segments also fell within its so-called “non-operating company” category. 

Perhaps, the newly proposed broader framework now seeks to be “fair” to avoid similar backlash. The firm has clarified that consultation on the new rule “may or may not lead to implementation of part or all of its proposals.” 

Firms with zero cash flows, less than 20% of operating assets, and limited expenses will automatically trigger screening for possible deletion from the MSCI index. 

With the previous proposal, JPMorgan analysts estimated that MSTR could see $2.8B in immediate direct outflows if MSCI axes it out. Over $8-12B in outflows would be feasible if other indices followed MSCI steps. 

At that time, MSTR stock faced heavy selling pressure amid market fears, which spilled over to Bitcoin

Whether a similar scenario will repeat for the second proposal remains unclear. However, MSCI plans to collect feedback by September and announce consultation results by mid-October. The final implementation of the rule could happen by November. 

For his part, analyst Adam Livingston said

Strategy vs. MSCI -$MSTR under attack! MSCI is considering a rule that could remove Strategy from major global indexes!

Following the update, MSTR dropped by 2% during pre-market hours on Friday, 14th August.

Strategy MSTR MSCI Strategy MSTR MSCI
Source: Google Finance

Final Summary

  • MSCI plans to remove Strategy and Metaplanet from its index by November. 
  • MSTR dumped by 2% to $95 following the renewed exclusion threat.

 



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From Courtroom Rivals to Corporate Partners: Archer Buys Its Way Into Boeing’s Orbit

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From Courtroom Rivals to Corporate Partners: Archer Buys Its Way Into Boeing’s Orbit


Five years ago, Wisk Aero sued Archer Aviation Inc. (NYSE:ACHR) for allegedly stealing its trade secrets. On August 10, Archer agreed to buy Wisk entirely, along with two other The Boeing Company (NYSE:BA) subsidiaries, in a deal that gives the aerospace giant a roughly 20% interest in the electric-aircraft company it previously accused of corporate theft. Archer’s stock jumped by about 20% following the announcement.

The Companies’ History

Wisk sued Archer back in 2021, alleging that the younger company stole its autonomous-flight trade secrets and breached on its patents. The two reached an agreement in August 2023, with a unique twist: The Boeing Company (NYSE:BA) invested in Archer Aviation Inc. (NYSE:ACHR), and the companies formed an autonomous-flight relationship, with Wisk serving as Archer’s exclusive autonomy provider for subsequent aircraft.

That collaboration has now turned into a complete acquisition. Under the definitive agreement, Archer Aviation Inc. (NYSE:ACHR) will buy Wisk Aero, SkyGrid, a digital airspace and air-traffic-management software firm, and Insitu, a drone producer, in an all-stock transaction.

The Terms of the Agreement

The Boeing Company (NYSE:BA) will acquire freshly issued ACHR Class A shares equal to 19.75% of Archer’s outstanding shares immediately before to closing, leaving Boeing with about 16.5% in stakes once the transaction closes, making it Archer’s largest outside stakeholder. The Boeing Company (NYSE:BA) has also agreed to spend up to $55 million in an upcoming Archer investment round, and will obtain warrants to buy up to $200 million additional Archer stock in the future. In exchange, the companies have signed a cross-licensing agreement that allows Boeing to continue using Wisk’s fundamental autonomous flight systems for its own commercial and defense programs, a detail experts have linked to Boeing’s ultimate successor to the 737.

Why Archer Wants It

For Archer Aviation Inc. (NYSE:ACHR), the deal is less about eliminating a competitor than about expanding. The acquisition includes a defense firm with an annual revenue of more than $200 million across 35 nations, as well as Wisk’s six generations of eVTOL aircraft designs and over 1,700 completed test flights. Archer describes the combined operation as a “end-to-end physical AI platform for aerospace and defense.”

Why Boeing Is Selling

The transaction continues a divestiture pattern established by CEO Kelly Ortberg, who came office in August 2024 with a directive to reduce Boeing’s sprawling portfolio. Last year, the company sold Jeppesen, a flight planning service, and related digital aviation units to private equity firm Thoma Bravo for $10.55 billion. Offloading Wisk, SkyGrid, and Insitu allows The Boeing Company (NYSE:BA) to shift its focus away from non-core businesses.

Smart Money Sentiment

Boeing’s institutional hedge fund ownership fell from 114 in the fourth quarter to 99 in the first quarter. However, short interest is tightly anchored at 1.96% of the float, underscoring Wall Street’s confidence in Boeing’s defense backorders and commercial turnaround under Ortberg. At the same time, hedge fund backing decreased for Archer as well, from 48 fund holders in Q4 to 35 in Q1. Compounding this decrease, Archer carries a 14.14% short interest, indicating continued market pessimism over eVTOL certification timetables, cash burn rates, and commercial uptake.

Insider Monkey’s Verdict

The acquisition greatly enhances Archer’s financial profile by adding $200 million or more in immediate, profitable defense revenue from Insitu. Despite a 14.14% short interest, Boeing’s presence as a key shareholder and technology partner offers growth investors a strong value support.

Meanwhile, The Boeing Company (NYSE:BA) stands with the best possible capital allocation outcome. Ortberg continues to de-risk the company’s balance sheet by offloading early-stage cash burn while keeping essential autonomous cross-licenses for next-gen commercial narrowbodies and preserving a significant equity interest in Archer Aviation Inc. (NYSE:ACHR). In that way, BA is an appealing long-term aerospace investment as its core manufacturing operations stabilize.

While we acknowledge the potential of ACHR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.



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Bitcoin (BTC) price slips as U.S. PPI fails to spark gains, ETFs see August’s first two-day drawdown

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Bitcoin (BTC) price slips as U.S. PPI fails to spark gains, ETFs see August's first two-day drawdown

Bitcoin dropped below $63,000, losing 1.14% since midnight UTC as a second day of outflows from spot exchange-traded funds and a lack of bullish catalysts weighed on the crypto market.

Spot bitcoin ETFs experienced the first back-to-back days of outflows since late July with $192 million exiting the products, according to SoSoValue.

The largest cryptocurrency is now trading at its lowest point since Aug. 3 having wiped out all of last week’s rally. Ether is down by 0.73% since midnight, while a portion of the altcoin market continues to show resilience, outperforming crypto majors.

U.S. equities were boosted on Thursday by producer price inflation data, which cooled to 4.7%, below forecasts. The S&P 500 and Nasdaq 100 both rallied following the report, and futures on the indexes remain marginally in the black.

Derivatives positioning

  • Futures churn continues: While the crypto market is under pressure, the long-short taker ratio in futures remains balanced, with longs accounting for half of the flow. 24-hour volume growth is again outpacing open interest (OI) growth by a wide margin. That’s a sign of churn rather than fresh positioning.
  • BCH sees heaviest fresh shorting: Futures tied to Bitcoin Cash are the biggest OI gainer of the past 24 hours, adding 10% to 1.64 million tokens as the spot price drops 3%. That combination points to short positions being built up. Deeply negative annualized funding rates support that interpretation. The 24-hour OI-adjusted cumulative volume delta (CVD) is negative too, signaling that shorts are trading more aggressively via market orders rather than passive limit orders. Together, these signals point to positioning for a deeper selloff in the token.
  • BTC OI rises alongside falling price: Bitcoin is another OI gainer, with the tally rising over 3% to 765,000 BTC alongside a negative CVD. Annualized funding rates, however, still hold mildly positive.
  • HBAR shows the clearest bearish tilt: The token’s 24-hour CVD is the most negative among the top 25 coins, with funding rates around -20%, pointing to a market clearly dominated by bears. More broadly, all the top 25 are showing negative CVD.
  • Bitcoin volatility cools: BTC’s 30-day implied volatility index, BVIV, fell back below 36%, erasing a spike to nearly 39% earlier this week. That points to continued investor interest in overwriting strategies — approaches aimed at generating extra yield on top of spot holdings. Ether’s equivalent index, EVIV, is showing the same pattern.
  • Options positioning stays mixed: On Deribit, BTC calls at the $70,000, $69,000 and $67,000 strikes rank among the five most-traded bets. For ETH, puts at the $1,700 and $1,780 strikes ranked higher instead.

Token talk

  • Ether.fi (ETHFI) is the standout performer over the past 24 hours, rallying by 11.5% after adding tokenized stocks and DeFi loans to its neobank platform. The token gave back some of the gains on Friday, dropping 3.3%.
  • Cosmos also experienced upside. The token surged by more than 10% in 24 hours and trading volume jumped by 232% to $51 million despite the absence of a clear news catalyst.
  • Fetch.ai and monero (XMR) extended their positive weeks, rising 0.55% and 0.81%, respectively, since midnight UTC.
  • NEAR, MORPHO, TAO and JUP all lost around 2% since midnight as cautious sentiment remains the dominant theme across the crypto market.



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Psychological Safety Does More For Your Team Than You Think

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Psychological Safety Does More For Your Team Than You Think


Opinions expressed by Entrepreneur contributors are their own.

Key Takeaways

  • One of the most effective communication methods is the mirror method, focused on reverse communication. When you apply the reverse communication method, your immediate goal is to get staff in a psychologically safe state, where they’re the most receptive to take instructions and to execute.
  • When your staff feels heard and seen, the environment shifts. Structure appears as safety, and safety boosts motivation. The performance follows.

The right message and the wrong method lead nowhere: The problem isn’t what you said. The problem begins before you even open your mouth.

When you discuss things with your staff or with your customers, do you listen to what they say? Do you pay attention, or do you just wait for your turn to present your ideas?

Are you a leader who just waits for your turn to speak and puts all your effort into getting your employees to like you? But the most important question to ask yourself is: Do you want your employees to like what you say or what you execute?

Why mirror method works

One of the most effective communication methods to try is the mirror method, focused on reverse communication. Let’s say a person comes to you with a problem. They explain the problem in detail while you carefully listen without interruption.

Once they’re fully done with expressing the problem, it’s your turn. Tell them their exact problem in detail, but use technical vocabulary relevant to your industry.

According to psychologist Carl Rogers, people are more likely to accept change and direction when they feel understood and not evaluated. In his person-centered theory, Rogers argues that psychological safety is built on reflective listening.

To increase the feeling of psychological safety in the business environment you lead, the first step is to master the skill of reflective listening.

Reflecting back on their problem ensures you several things:

  • They comprehend that you’ve listened carefully and deduce that you care enough for them, which makes them feel heard and safer in your environment.
  • They comprehend that you understand their problem, and they start building trust in you as an expert in the field.
  • They are ready to act with less defense and more trust towards a person who knows about their problems as much as they do.

In the context of a doctor’s office, for example, this translates to: If this doctor knows my problem better than I do, they must be the person capable of fixing it!

How to make reverse communication part of your leading system

In businesses, staff often refuse to execute proposed tasks not because the tasks feel too difficult, but because they don’t feel heard. They don’t feel psychological safety in that environment. They don’t feel their reality is acknowledged before a new task is proposed.

When you apply the reverse communication method — listen first, and reflect back at them — they will generally respond with less pushback. This method may look like people-pleasing, but the two have completely different goals.

The reverse communication method is different from people-pleasing. If you’re a people-pleaser, your ultimate goal is to fit in and reduce your own anxiety from potential pushback. When you apply the reverse communication method, your immediate goal is to get staff in a psychologically safe state, where they’re the most receptive to taking instructions and executing.

While Rogers proves why the mirror method works psychologically, former FBI negotiator Chris Voss, author of Never Split the Difference, explores why the method works strategically. According to him, mirroring is one of the most powerful communication tools, and it has nothing to do with people-pleasing. It disarms people and makes them ready to move forward.

Do you want your business to move forward? It can’t be done without effective leader-team communication. Use the mirror method as your leadership strategy to build an environment focused on safety. It is what your staff and even your customers need.

Leaders don’t need likes

The purpose of the mirror method isn’t to make your staff like you. You don’t need staff to be your friends, and neither do they need you. You’re not there to be liked. You’re there to lead and to be respected.

Sometimes, likability can be a byproduct of respect built through an environment that makes people feel heard. But it should never be the goal.  

When the building is on fire, nobody looks for the leader they like. They look for the leader who will make the right call. The mirror method helps you gain respect from your staff. People-pleasing doesn’t. One signals that you see and understand the staff clearly. The other signals that you constantly agree with them despite logic.

Create a performance culture

When applied consistently and on all business levels, the mirror method has a strong impact on your business culture. Your staff stops performing for approval and starts performing for purpose. Top performers want to know where they’re going and that their leader sees them clearly enough to get them there.

Comfort was never a motivation for people at the top. Highest achieving professionals wake up every day asking themselves where their career is going, what is the next challenge, and if their current leader is the one to take them to the top. A performance culture built on reverse communication answers all three questions even before they are asked.

When your staff feels heard and seen, the environment shifts. Structure appears as safety, and safety boosts motivation. The performance follows.

Conclusion

The mirror method isn’t a soft leadership tactic. It is the ultimate respect that you can give staff (and even customers), and as a by-product, improve performance from staff (and even customer conversions).

See your people clearly. Reflect them accurately. Then lead them somewhere worth going.

The best businesses are never the ones with the best individuals. The best businesses are the ones with leaders who can see the individuals clearly to make the systems work for them.

Key Takeaways

  • One of the most effective communication methods is the mirror method, focused on reverse communication. When you apply the reverse communication method, your immediate goal is to get staff in a psychologically safe state, where they’re the most receptive to take instructions and to execute.
  • When your staff feels heard and seen, the environment shifts. Structure appears as safety, and safety boosts motivation. The performance follows.

The right message and the wrong method lead nowhere: The problem isn’t what you said. The problem begins before you even open your mouth.

When you discuss things with your staff or with your customers, do you listen to what they say? Do you pay attention, or do you just wait for your turn to present your ideas?

Are you a leader who just waits for your turn to speak and puts all your effort into getting your employees to like you? But the most important question to ask yourself is: Do you want your employees to like what you say or what you execute?



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Privia Health’s (PRVA) Guidance Keeps Rising, So Is The Stock Keeping Pace?

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Privia Health’s (PRVA) Guidance Keeps Rising, So Is The Stock Keeping Pace?


Privia Health (NASDAQ:PRVA) just turned in a quarter that checked every box management set for itself, and then raised the bar again for the rest of the year. On the company’s August 6 earnings call, CEO Parth Mehrotra and CFO David Mountcastle laid out a business adding doctors, patients, and cash at a pace that has held for nine straight years. The question is whether the market is pricing in the streak continuing.

HPE Price Target Raised to $28 as Corporate AI Spending Accelerates

Bull Case: A Growth Engine Still Humming

Privia’s numbers move together. Implemented providers grew 10.1% year-over-year to 5,644, adding 109 physicians in the quarter alone, while value-based attributed lives climbed 19.2%. That combination pushed practice collections up 12.4% to $970 million in the second quarter and 13.4% to $1.88 billion for the first half. Adjusted EBITDA rose 29% to $37.4 million, with margin as a share of care margin expanding 310 basis points to 28.3%, a sign the business is getting more profitable as it scales, not just bigger.

In late May, Privia entered New Jersey, its 25th state, through a partnership with the Urology Group of Bergen County covering 25 clinicians. Commercial attributed lives rose 11.7% to 942,000, while CMS Medicare lives jumped 55%. The company now oversees an estimated $15.7 billion in total medical spend across more than 130 value-based programs, and gross provider retention has averaged 98% over the past three years. Management raised 2026 guidance across practice collections, care margin, GAAP revenue, platform contribution, and EBITDA, with attributed lives already tracking above the prior high end.

Bear Case: Cash Timing And Policy Are Wildcards

The growth story comes with a few strings attached. Privia became a full cash taxpayer this year, and management expects only 70% to 80% of full-year adjusted EBITDA to convert to free cash flow, a figure that assumes the company collects a significant chunk of its 2025 shared savings payments by year-end. That assumption now has a complication: CMS proposed changes to the Medicare Shared Savings Program for performance year 2025 that could delay final reconciliation results until November, which management says could create an atypical year-end cash flow pattern even though the accrual impact looks minimal.

The company also holds $412 million in cash with no debt, which is a comfortable cushion, but its raised guidance still assumes no additional business development activity, meaning any acquisitions would be upside not yet baked in.

Wall Street Watches The Growth Story

Hedge fund ownership ticked up from 29 funds to 30 in the most recent quarter, a modest gain rather than a rush. Short interest sits at 4.45% of float, which points to limited organized skepticism around the stock. As of August 13, Privia trades at a forward P/E of 24.63, a multiple that assumes the earnings growth investors just saw continues rather than fades.

Where The Story Goes From Here

Privia’s second quarter gave bulls plenty to point to: double-digit growth in providers, patients, and profitability, plus guidance that keeps climbing. The bear case is thinner and more about timing than fundamentals, centered on how CMS’s proposed MSSP changes play out and whether cash flow lands where management expects by year-end. For the growth trajectory to keep justifying its valuation, the provider and attribution gains need to keep compounding at this pace.

While we acknowledge the potential of PRVA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best Future Stocks to Buy Under $10 and 12 Best Performing Semiconductor Stocks to Invest In.

Disclosure: None. Follow Insider Monkey on Google News.



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Trump expected to attend White House meeting with crypto CEOs, sources say

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Trump expected to attend White House meeting with crypto CEOs, sources say

President Donald Trump is expected to be in attendance when the administration’s new innovation committee — a crowd of crypto CEOs and leaders of prediction market and AI companies — sits for a White House meeting on Wednesday, said people briefed on the planning.

The chief executives of companies such as Coinbase, Ripple, Gemini, Robinhood, Polymarket and Kalshi are members of the new Innovation Advisory Committee at the Commodity Futures Trading Commission, but before they attend their first committee meeting on Thursday, the crypto CEOs will gather for the White House meeting, said the people, who asked not to be named, and participants have been told Trump is planning to attend.

The meeting, expected to be held at the Eisenhower Executive Office Building next door to the White House, is meant to get a policy dialogue started in some of the leading arenas for U.S. innovation. The roster at that meeting was also expected to include CFTC Chairman Mike Selig and other advisers, the people said. One of them added that Treasury Secretary Scott Bessent and Secretary of Commerce Howard Lutnick may attend.

White House spokespeople didn’t immediately respond to requests for comment on the plans.



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