L'intérêt à découvert pour Axos Financial donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Axos Financial. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Axos Financial (NYSE:AX) Stock, Rapport sur les intérêts à découvert

AXOS FINANCIAL INC

Axos Financial

Axos Financial Inc is a bank holding company that operates through its bank subsidiary, BofI Federal Bank, a nationwide bank that provides financing for single and multifamily residential properties, small to medium-size businesses in certain sectors, and selected specialty finance receivables. Its operating segments are banking business segment and securities business segment . The bank distributed its products through a wide range of retail distribution channels, including only banking brands, affinity groups, and sales teams, among others. The majority of the bank's mortgage exposure is titled toward the state of California, particularly its southern region. Net interest income is a majority of the bank's revenue.

Axos Financial Inc

AXIOS SUSTANBLE GRWTH A by AXIOS Sustainable Growth Acquisition Corporation

AXIOS Sustainable Growth Acquisition Corp

AXA SA

Abraxas Petroleum Corp

AXIS BANK LTD S/GDR 144A by Axis Bank Ltd.

Axis Bank Ltd

AXIOS MOBILE ASSETS ORD by Axios Mobile Assets Corp.

EYES ON THE GO INC by Eyes on the Go, Inc.

Eyes on the Go Inc

ALLIXON INTL CORP by Allixon International Corp.

Allixon International Corp

AZUCAR MINERALS LTD by Azucar Minerals Ltd.

Azucar Minerals Ltd

Accelerate Diagnostics Inc COM NEW

ACCELERATE DIAGNOSTIC INC by Accelerate Diagnostics, Inc.

Accelerate Diagnostics Inc

AXEL

Axfood AB

AXIS ENERGY CORP by Axis Energy Corporation

Axis Energy Corp

Accent Group Ltd

Axogen Inc

ALEXIUM INTL GRP LTD ORD by Alexium International Group Ltd.

Alexium International Group Ltd

AXIL Brands Inc

AXIM BIOTECHNOLOGIES INC by Axim Biotechnologies, Inc.

AXIM Biotechnologies Inc

Axiom Intelligence Acquisition Corp 1 - Units

Axiom Intelligence Acquisition Corp 1

AXIS Token

American Axle & Manufacturing Holdings, Inc. Common Stock

American Axle & Mfg Holdings Inc

Axelar - United States Dollar

Axiologix Inc

AXMIN Inc

AXM PHARMA INC by AXM Pharma, Inc.

ALLIANCE NICKEL LTD by ALLIANCE NICKEL LTD

Alliance Nickel Ltd

AXION VENTURES INC by Axion Ventures Inc.

Axion Ventures Inc

AXONICS INC COM

Axon Enterprise Inc

American Express Co

AXPR

AXIS PETROLEUM CO CAP by Axis Petroleum Co.

AXION POWER INTL INC by Axion Power International, Inc.

Axion Power International Inc

Amrep Corp

AMARC RESOURCE LTD by Amarc Resources Ltd.

Amarc Resources Ltd

Amexdrug Corp

Axis Capital Holdings Limited Common Stock

Axis Capital Holdings Ltd

Axie Infinity - United States Dollar

Axsome Therapeutics Inc

Axis Capital Holdings Limited Depositary Shares, each representing 1/100th interest in a share of a 5.50% Series E Preferred Shares

Axalta Coating Systems Ltd. Common Shares

Axalta Coating Systems Ltd

AXIS TECHS GROUP INC by Axis Technologies Group, Inc.

Axis Technologies Group Inc

AXT Inc

AXTEL SAB DE CV B by Axtel S. A.. B. De CV

Axtel SAB de CV

CDN MAVERICK CAP CORP by CDN MAVERICK CAP CORP.

CDN Maverick Capital Corp

Exxe Group Inc

ALDERON IRON ORE CORP by Alderon Iron Ore Corp.

Alderon Iron Ore Corp

Axiata Group Bhd

Shares of Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) are trading lower Monday after the U.K.&#8217;s Competition and Markets Authority (CMA) announced a formal investigation into the company's proposed $4.7 billion <a href="https://www.benzinga.com/trading-ideas/technicals/25/06/46174414/stock-of-the-day-will-boeing-prove-an-old-wall-street-saying-is-true">acquisition of Spirit AeroSystems.</a>
What To Know: The deal, which Boeing has framed as critical to stabilizing its supply chain and improving production quality, now faces a regulatory hurdle that could delay or block the transaction, according to <a href="https://www.wsj.com/business/deals/boeings-4-7-billion-spirit-aerosystems-deal-faces-u-k-antitrust-probe-f4120703">The Wall Street Journal.</a>
The CMA initially launched a preliminary review last week and has since escalated the matter into a formal Phase 1 probe. Regulators are examining whether the acquisition could reduce competition in the U.K. aerospace sector, with a decision on whether to proceed to a deeper investigation expected by Aug. 28.
The acquisition would give Boeing greater control over Spirit's fuselage manufacturing operations, components that have been at the center of quality issues. Company executives have publicly argued that bringing Spirit, which split from Boeing roughly 20 years ago, back in-house would help address longstanding issues in safety and quality control.
The antitrust review, however, introduces a level of uncertainty that is weighing on investor sentiment. The added scrutiny from U.K. regulators comes as Boeing continues to navigate quality and production challenges across multiple programs, and any disruption to its supply chain recovery plan is viewed as a potential setback.
While the market reaction remains moderate, the regulatory probe highlights the geopolitical and competitive complexities Boeing faces as it tries to streamline its manufacturing process through vertical integration. 
BA Price Action: Boeing shares were down 2.32% at $209.59 at the time of publication Monday, according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga Pro.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/46175722/stocks-today-us-markets-wallstreet-news">Wall Street Extends Record Highs, Dow Jones Hits 44,000: What&#8217;s Driving Markets Monday?</a></li>
</ul>
Image Via Shutterstock.

News

Movers

What's Going On With Boeing Shares Today?

<a href="https://x.com/PatentGrants/status/1939775187396055168">https://x.com/PatentGrants/status/1939775187396055168</a>
<figure class="image"><img src="https://pbs.twimg.com/media/Gut0yjFXEAAfC_H?format=jpg&amp;name=small" alt="Image" /></figure><figure class="image"><img src="https://pbs.twimg.com/media/Gut0yinboAMruNN?format=jpg&amp;name=small" alt="Image" /></figure>
&nbsp;

Biotech

General

WINT

Windtree Therapeutics Will Be Issued U.S. Patent Number 12,343,350 Tomorrow Titled "ISTAROXIME-CONTAINING INTRAVENOUS FORMULATION FOR THE TREATMENT OF ACUTE HEART FAILURE (AHF)"

Macro Economic Events

Politics

Global

Economics

Reuters Cites Senior Treasury Official Saying U.S. Reviewing Syria's State Sponsor Of Terror Designation; Monday's Action Will End Syria's Isolation From International Financial System, Setting Stage For Global Commerce And Investment From The Region And U.S.

With only days remaining until President Donald Trump&#8217;s self-imposed <a href="https://www.benzinga.com/news/politics/25/06/46156587/trump-says-july-tariff-deadline-not-set-in-stone-we-can-do-whatever-we-want">July 9 tariff deadline</a>, the world trade scene resembles more of a geopolitical roulette table than a negotiation process. Although Trump&#8217;s return to tariff diplomacy has reignited diplomatic turmoil and corporate jitters, ETF investors seem to be playing it cool, at least for now.
In typical Trumpian style, the U.S. President has threatened broad new tariffs for dozens of nations that don&#8217;t come to framework deals within a week. But the frameworks unveiled so far, such as with the UK and China, have been short on substance and long on optics, <a href="https://finance.yahoo.com/news/trump-deals-poised-fall-short-200000167.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly9maW5hbmNlLnlhaG9vLmNvbS8&amp;guce_referrer_sig=AQAAAEULTOijSzPIUaM76ZtXMwuZstTO6Gs_v7AfYKLFpUVM4Steqh_vRi2Rov9Y-iYtoQCOXC3Y-OqA4Jw69CatX_-Dm8eeHYOkjbQGpOtqF7n8HfztsM-BX-_bexkQJ4DrwPmsmyKLDRwBseGfLZCVVRY921fP07UjhmhAjeZfj14t">according</a> to Bloomberg. And while volatility typically follows trade tensions, the markets are responding with an unusual resilience. So are ETF performances.
As it happens, investors might be putting their money on the &#8220;TACO&#8221; theory, short for &#8220;Trump Always Chickens Out,&#8221; a sarcastic acronym that has gained traction on trading desks to characterize his style of issuing bold threats and then backing down.
Also Read: <a href="https://www.benzinga.com/etfs/sector-etfs/25/06/46176636/tesla-has-the-robot-and-the-customer-dave-mazzas-humn-etf-makes-a-calculated-bet-on-optimus">&#8216;Tesla Has The Robot And The Customer&#8217;: Dave Mazza&#8217;s HUMN ETF Makes A Calculated Bet On Optimus</a>
<h2 class="wp-block-heading">Global Trade In The Crosshairs&#8230;Again</h2>
The stakes are high. From Canada and the EU to Taiwan and India, a broad swath of nations is at risk of getting their tariffs increased unless they negotiate deals or are considered to be &#8220;negotiating in good faith.&#8221; Trump has warned that tariffs could climb from the 10% baseline to as much as 25%. He has even suggested he might act before the July 9 deadline.
The White House has been sending mixed signals. Commerce Secretary Howard Lutnick claimed the administration is aiming for "top 10 deals" with key partners. Meanwhile, Treasury Secretary Scott Bessent stated that nearly 20 countries may face immediate tariff hikes. Canada, for its part, has already blinked—backing off a digital services tax to get back to the table.
However, even as Trump ignites the trade universe with 280-character warnings, the ETF universe has remained relatively calm.
<h2 class="wp-block-heading">ETF Investors: Not Panicked, But Cautious</h2>
Here&#8217;s what the ETF market action indicates:
Nation-specific ETFs that are correlated to stalled negotiations like iShares MSCI India ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/INDA#BATS">INDA</a>), iShares MSCI Taiwan ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWT#NYSE">EWT</a>) and Global X FTSE Southeast Asia ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASEA#NYSE">ASEA</a>) have experienced a combination of speculative investments and defensive holding based on Trump&#8217;s rhetoric. Nonetheless, all three prices are in the green so far this year.
China&#8217;s exposure is still delicate. KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) is up more than 3% in June, but has been volatile amid speculation about whether tariffs on rare earths and digital products will be reinstated.
Safe havens and commodities are in style again. SPDR Gold Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) has recorded some of its most significant monthly advances since February, indicating investors are hedging against policy misfires.
If Trump follows through on blanket tariff increases, the shakeout would be rapid.
<h2 class="wp-block-heading">Potential ETF Winners</h2>
Domestic-centric ETFs, such as iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) and Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>), may benefit from a rotation away from export-oriented companies.
Gold and bond ETFs, such as GLD, may experience inflows as investors scramble for safety following a policy shock.
India and Southeast Asia ETFs, such as INDA and ASEA, could become popular if the U.S. solidifies its relationships with these countries as part of its &#8220;friendshoring&#8221; initiative.
<h2 class="wp-block-heading">Likely Losers</h2>
Export-oriented ETFs, such as the Industrial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) and the Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>), are heavily dependent on cross-border supply chains.
European nation ETFs, like iShares MSCI Germany ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWG#NYSE">EWG</a>), iShares MSCI United Kingdom ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWU#NYSE">EWU</a>), and iShares MSCI Eurozone ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/EZU#BATS">EZU</a>), may experience volatility if the EU fails to reach an agreement by the deadline.
Global exposure tech sector ETFs, such as the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>), could come under increased pressure if digital services taxes persist as an ongoing obstacle.
<h2 class="wp-block-heading">Markets Playing Chicken?</h2>
Equity markets have not yet fully priced in the possibility of Armageddon. The <a href="https://www.benzinga.com/markets/economic-data/25/06/46124290/sp-500-hits-record-highs-and-history-says-the-best-is-yet-to-come">S&amp;P 500 is still at record levels</a>. Volatility is low (VIX at 16.74). And ETF investors appear to be hedging, not running for the hills.
As the tariff countdown continues, ETF investors are closely monitoring, though not yet bailing out. Whether Trump adheres to the deadline or drags out the anarchy into late July is anybody&#8217;s guess.
For the time being, the smart money is wagering on still more &#8220;deal theater,&#8221; tastefully staged for maximum political impact. But as always with Trump, a single tweet could upend everything.
Read Next: 
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<li><a href="https://www.benzinga.com/etfs/new-etfs/25/06/46174482/blackrock-hedges-its-bets-literally-etf-included">BlackRock Hedges Its Bets — Literally (ETF Included)</a></li>
</ul>
Photo: Shutterstock

Broad U.S. Equity ETFs

ETFs

ASEA

INDA

KWEB

Trump's Tariff Clock Ticks, But 'TACO' Traders Aren't Losing Their Cool

JBLU

SAVE

ULCC

Reuters Cites White House Official Saying President Trump Signs Presidential Memorandum Strengthening U.S. Policy Toward Cuba, Including Enforcing Statutory Ban On U.S. Tourism To Cuba

WIIM

AAPL

Apple shares are trading higher following a Bloomberg report indicating the company is weighing using Anthropic or OpenAI to power Siri.

LMND

Lemonade shares are trading higher after the company announced the successful renewal of its reinsurance program.

Shares of Galaxy Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLXY#NASDAQ">GLXY</a>) are trading higher Monday as interest in crypto-related equities continues to rise following several catalysts tied to institutional backing, AI infrastructure <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46128583/crypto-mining-stocks-surge-thursday-what-happened">developments and broader sector momentum</a>.
What To Know: The move in Galaxy Digital shares comes after Fundstrat&#8217;s head of digital asset strategy, Sean Farrell, labeled Galaxy as "one to watch" in a<a href="https://x.com/fundstrat/status/1939419762729091304"> June 26 note</a> that linked AI-driven M&amp;A activity and U.S. fiscal policy trends to a more favorable outlook for names like Galaxy Digital. The commentary, which also referenced the potential CoreWeave acquisition of Core Scientific, reinforced Galaxy's strategic relevance as a digital infrastructure player.
The stock potentially gained further attention over the weekend after Tom Lee of Fundstrat mentioned Galaxy in a public post, fueling speculation that Galaxy may be included in Fundstrat's <a href="https://www.benzinga.com/quote/GRNY">Granny Shots ETF</a>.
Galaxy Digital was also part of the broader AI infrastructure sector move last week after news broke that CoreWeave has been engaging in acquisition talks with Core Scientific. The deal would reportedly give CoreWeave full control over key hosting assets already under long-term contract.
Galaxy is building the Helios data center in Texas, a high-performance computing facility that has become increasingly relevant as demand for GPU power and infrastructure grows. The company recently signed an agreement with CoreWeave to support further AI compute capabilities, tying Galaxy's business closely to the broader narrative of AI and digital asset convergence.
Galaxy has also been actively expanding its footprint through a proposed Solana ETF in partnership with Invesco and a collaboration with Liquid Collective on liquid staking for institutions.
With improving flows into crypto assets, growing participation in the crypto equity space and major firms positioning around data infrastructure, Galaxy appears to be benefiting from multiple tailwinds.
GLXY Price Action: Galaxy Digital shares were up 9.66% at $21.90 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/46175722/stocks-today-us-markets-wallstreet-news">Wall Street Extends Record Highs, Dow Jones Hits 44,000: What&#8217;s Driving Markets Monday?</a></li>
</ul>
Image via Shutterstock.

GLXY

Galaxy Digital Stock Jumps 10% On Monday: What's Behind The Move?

<a href="https://breakingdefense.com/2025/06/army-considering-terminating-general-dynamics-oversight-of-new-155mm-production-lines/#:~:text=WASHINGTON%20%E2%80%94%20The%20US%20Army%20is,letter%20obtained%20by%20Breaking%20Defense" title="https://breakingdefense.com/2025/06/army-considering-terminating-general-dynamics-oversight-of-new-155mm-production-lines/#:~:text=WASHINGTON%20%E2%80%94%20The%20US%20Army%20is,letter%20obtained%20by%20Breaking%20Defense">https://breakingdefense.com/2025/06/army-considering-terminating-general-dynamics-oversight-of-new-155mm-production-lines/#:~:text=WASHINGTON%20%E2%80%94%20The%20US%20Army%20is,letter%20obtained%20by%20Breaking%20Defense</a>.

Contracts

"Army 'considering terminating' General Dynamics' oversight of new 155mm production lines" - Breaking Defense

In a quarter that began with fears of a tech wreck following President Donald Trump&#8216;s sweeping tariff announcements, Wall Street&#8217;s tech darlings pushed sector benchmarks to one of their strongest quarterly gains on record, reigniting optimism for <a href="https://www.benzinga.com/tech">a continued summer rally</a>.
The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>), which tracks the broader tech sector, soared 22% during the second quarter of 2025. 
That marked its best quarterly performance since the second quarter of 2020, when central banks pumped liquidity into the system to combat the COVID-19 crisis, and its second-best quarter since the aftermath of the dot-com collapse in 2002.
From the April lows—hit just after Trump&#8217;s tariff policies were unveiled—the XLK has rocketed 45%, registering its strongest 13-week rally since June 2020 and second-best since the ETF was launched in 1998.
<h3 class="wp-block-heading">Chart: Tech Stocks Log Historic Quarter </h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="528" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30145340/image-448-1024x528.png" alt="" class="wp-image-967444" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30145340/image-448-1024x528.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30145340/image-448-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30145340/image-448-768x396.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30145340/image-448-1536x792.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30145340/image-448-2048x1056.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">5 Stocks Drove Over Half Of XLK&#8217;s Historic Rally</h2>
Five stocks were responsible for about two thirds of the tech sector&#8217;s total return during the quarter.
<ul class="wp-block-list">
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) was the single most important contributor. Shares of the AI darling jumped 43.2%, contributing 537 basis points, or 5.37%, to XLK&#8217;s quarterly performance thanks to its 14.6% weight. </li>
<li>Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) followed closely. With a 14.24% weighting, it added 420 basis points to the index through a 31.8% price gain.</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) climbed 62.2%, contributing 229 basis points to the sector performance. </li>
<li>Oracle Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NASDAQ">ORCL</a>) delivered a 56.5% return in the quarter, driving 154 basis points of performance for XLK.</li>
<li>Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) rocketed 59.7%, responsible for 141 basis points of the sector&#8217;s rise. The rally coincides with the software company&#8217;s expansive role within the Trump administration (Palantir <a href="https://sam.gov/opp/f71acee6010c423db4902446a59a690c/view" target="_blank" rel="noreferrer noopener">received</a> a <a href="https://www.fpds.gov/ezsearch/fpdsportal?q=PIID:%2270CTD022FR0000170%22&amp;s=FPDS.GOV&amp;templateName=1.5.3&amp;indexName=awardfull&amp;x=0&amp;y=0&amp;sortBy=SIGNED_DATE&amp;desc=Y" target="_blank" rel="noreferrer noopener">$30 million</a> contract to develop a tracking platform to aid Immigration and Customs Enforcement).</li>
</ul>
Together, these five stocks delivered 14.81 percentage points, accounting for nearly 67% of the XLK's total quarterly return.
Read Also: <a href="https://www.benzinga.com/markets/tech/25/06/46081553/nvidia-stock-forecast-trump-china-golden-cross-ai">Nvidia&#8217;s Big Moment Is Back—Stock Exploded 500% The Last Time This Happened </a>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Company</th>
<th>Q2 Price Return</th>
<th>XLK Weight</th>
<th>Contribution to XLK&#8216;s quarterly performance</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nvidia Corp. </td>
<td>+43.2%</td>
<td>14.56%</td>
<td>+537 basis points (5.37%)</td>
</tr>
<tr>
<td>Microsoft Corp.</td>
<td>+31.8%</td>
<td>14.24%</td>
<td>+420 basis points (4.20%)</td>
</tr>
<tr>
<td>Broadcom Inc.</td>
<td>+62.2%</td>
<td>4.89%</td>
<td>+229 basis points (2.29%)</td>
</tr>
<tr>
<td>Oracle Corp.</td>
<td>+56.5%</td>
<td>3.48%</td>
<td>+154 basis points (1.54%)</td>
</tr>
<tr>
<td>Palantir Technologies Inc. </td>
<td>+59.7%</td>
<td>3.08%</td>
<td>+141 basis points (1.41%)</td>
</tr>
<tr>
<td>Total (Top 5 Contributors)</td>
<td>—</td>
<td>40.25%</td>
<td>+1,481 basis points (14.81%)</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Author&#8217;s own elaboration based on Koyfin data</figcaption></figure>
<h2 class="wp-block-heading">What To Expect For Tech Stocks In Q3? History Says: Watch July</h2>
While the third quarter is generally positive for tech, the gains tend to show up early. 
According to Seasonax data, looking at last 20 years the XLK has averaged a 2.7% gain from July 1 to October 1, with gains in 14 of those years.
However, recent third quarters haven't been kind. In 2022, the ETF fell 3.9%. In 2023, it dropped 4.5%. In 2024, it slid another 3.7%.
July, on the other hand, tells a different story. 
It's historically the strongest month for tech. XLK has averaged a 2.86% return in July over the past two decades, with gains in 76% of those years.
<h2 class="wp-block-heading">Golden Cross Signal May Support The Trend</h2>
On June 30, the XLK triggered a golden cross, a bullish technical setup where the 50-day moving average crosses above the 200-day average. It often signals the start of a longer-term uptrend.
A backtest of this strategy—buying on the golden cross and selling on the next death cross—shows solid historical performance since 2009. 
Only one of the nine trades posted a loss. Most produced double-digit returns, particularly during strong bull markets. The latest signal adds another reason to believe this rally could extend through the summer—at least for now.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Buy Date</th>
<th>Sell Date</th>
<th>Buy Price</th>
<th>Sell Price</th>
<th>Total Return</th>
<th>Annualized Return</th>
<th>Days Held</th>
</tr>
</thead>
<tbody>
<tr>
<td>2009-06-02</td>
<td>2010-07-07</td>
<td>18.03</td>
<td>20.52</td>
<td>+13.8%</td>
<td>+12.2%</td>
<td>400</td>
</tr>
<tr>
<td>2010-10-19</td>
<td>2011-08-05</td>
<td>23.79</td>
<td>24.65</td>
<td>+3.6%</td>
<td>+4.6%</td>
<td>290</td>
</tr>
<tr>
<td>2011-12-12</td>
<td>2012-12-10</td>
<td>25.81</td>
<td>28.70</td>
<td>+11.2%</td>
<td>+10.3%</td>
<td>364</td>
</tr>
<tr>
<td>2013-02-14</td>
<td>2015-08-27</td>
<td>29.71</td>
<td>40.14</td>
<td>+35.1%</td>
<td>+12.6%</td>
<td>925</td>
</tr>
<tr>
<td>2015-11-27</td>
<td>2016-02-05</td>
<td>43.86</td>
<td>40.48</td>
<td>-7.7%</td>
<td>-34.0%</td>
<td>70</td>
</tr>
<tr>
<td>2016-04-11</td>
<td>2018-12-03</td>
<td>44.08</td>
<td>69.64</td>
<td>+58.0%</td>
<td>+17.5%</td>
<td>967</td>
</tr>
<tr>
<td>2019-04-02</td>
<td>2020-04-28</td>
<td>75.07</td>
<td>90.50</td>
<td>+20.6%</td>
<td>+18.5%</td>
<td>392</td>
</tr>
<tr>
<td>2020-05-29</td>
<td>2022-03-16</td>
<td>97.04</td>
<td>147.99</td>
<td>+52.5%</td>
<td>+25.0%</td>
<td>656</td>
</tr>
<tr>
<td>2023-02-24</td>
<td>2025-03-31</td>
<td>136.10</td>
<td>202.78</td>
<td>+49.0%</td>
<td>+22.4%</td>
<td>767</td>
</tr>
</tbody>
<tfoot>
<tr>
<td></td>
<td></td>
<td></td>
<td>Average</td>
<td>+26.5%</td>
<td>+9.6%</td>
<td>537</td>
</tr>
</tfoot>
</table>
<figcaption class="wp-element-caption">Source: Author&#8217;s own elaboration based on TradingView data</figcaption></figure>
Now Read 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46096528/nasdaq-100-record-highs-rally-historical-performance">Nasdaq 100 Hits Record Highs After 30% Rally: History Suggests It&#8217;s Not Done Yet </a></li>
</ul>
Image: Shutterstock

Equities

Large Cap

Sector ETFs

Tech

AVGO

MSFT

NVDA

ORCL

PLTR

Nvidia, Palantir Fuel Historic Tech Rally — And It's Far From Done

Lemonade, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMND#NYSE">LMND</a>), the digital insurance company powered by AI and social impact, announced that its reinsurance program is being renewed.
Given strong progress in the company's diversification, underwriting prowess and loss ratio trajectory, the Company has chosen to reduce the ceded proportion of its quota share reinsurance from approximately 55% to approximately 20%, effective July 1. The variable ceding commission rate related to the quota share agreements is expected to be roughly equivalent to that of the expiring agreements. The program covers all Lemonade businesses globally, and the primary quota share carriers will remain unchanged.

Lemonade Renews Reinsurance Program, Reduces Quota Share Ceded From 55% To 20% Amid Improved Underwriting And Loss Ratios

Shares of Plug Power Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) are rallying Monday afternoon following reports that the U.S. Senate has extended a crucial clean energy tax credit. Here&#8217;s what investors <a href="https://www.benzinga.com/quote/PLUG/news">need to know</a>.
What To Know: According to a Barron&#8217;s <a href="https://www.barrons.com/articles/plug-power-stock-hydrogen-senate-bill-78dc2566">report</a>, a revised Senate budget bill pushed the construction start deadline for the 45V clean hydrogen production tax credit to December 31, 2027, granting a surprise two-year extension.
This development offers a potential lifeline for the industry, providing up to $3 per kilogram for clean hydrogen production. The extension would likely revive numerous projects that were at risk of cancellation under the previous January 1, 2026, deadline.
The news marks a dramatic reversal of fortune for Plug Power, whose stock had tumbled earlier this month amid fears of expiring <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46000425/whats-going-on-with-plug-power-stock-11">clean energy incentives</a>. A previous draft bill from the Senate Finance Committee had proposed an accelerated phase-out of similar credits established under the Inflation Reduction Act. 
The stock had begun to recover last week following <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46120866/whats-going-on-with-plug-power-stock-12">executive participation</a> in investor conferences, but Monday&#8217;s news provides a more substantial catalyst, signaling renewed stability and investment potential for the domestic hydrogen sector.
Price Action: According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, PLUG shares are trading higher by 28.4% to $1.49 Monday afternoon. The stock has a 52-week high of $3.34 and a 52-week low of 69 cents.
Analyst Ratings: Prior to today&#8217;s major news, and based on recent analyst updates from May 2025, several financial firms have adjusted their outlook on Plug Power, signaling increased caution. 
While maintaining their formal ratings, analysts significantly lowered their price targets. Jefferies, for instance, maintained a Hold rating but cut its price target from $1.70 to 90 cents. 
Similarly, Morgan Stanley and Piper Sandler, both holding Underweight ratings, reduced their price targets to 50 cents and 80 cents, respectively. 
Wells Fargo also revised its target down to $1, reflecting a broader sentiment among analysts of heightened risk and lowered expectations for the stock&#8217;s near-term performance.
Read Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45859883/plug-power-stock-continues-to-surge-whats-going-on">Plug Power Stock Continues To Surge: What&#8217;s Going On?</a>
<h2 class="wp-block-heading">How To Buy PLUG Stock</h2>
By now you're likely curious about how to participate in the market for Plug Power &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &#8220;fractional shares,&#8221; which allows you to own portions of stock without buying an entire share.
In the case of Plug Power, which is trading at $1.44 as of publishing time, $100 would buy you 69.44 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to &#8220;go short&#8221; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
Image: Shutterstock

PLUG

Plug Power Stock Surges On Potential Hydrogen Tax Credit Extension

While the <a href="https://www.benzinga.com/news/politics/25/06/46067020/trump-declares-israel-iran-ceasefire-now-in-effect-as-china-warns-of-spiraling-escalation-at-un">ceasefire between Israel and Iran</a> represented a positive development following a tense geopolitical flashpoint, it wasn't without consequence. The agreement between the two warring nations to halt hostilities led to a conspicuous decline in gold, which took down other precious metals, including silver. Subsequently, the miner sector also incurred a correction, with Pan American Silver Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) losing about 5% on Friday. Still, silver's core demand profile could make PAAS stock intriguing.
From a monetary perspective, several experts have pointed to the <a href="https://www.benzinga.com/25/05/45585695/the-golden-ratios-silver-surprise-this-metals-price-could-double">gold-silver ratio</a>, which is a historical measure of how many ounces of silver one ounce of gold can buy. As the theory goes, if the ratio reverts to its long-term average, the silver market could soar. According to Incrementum AG fund manager Ronald-Peter Stöferle, gold at $3,000 would imply a silver price that could reach between $55 and $63 per ounce.
An even more important argument centers on the fundamentals. Silver represents a <a href="https://www.benzinga.com/markets/commodities/25/04/44772281/whats-next-for-silver-after-a-sharp-climb-in-q1-25">key commodity for several emerging industries</a>, including solar panels and electric vehicles. Notably, despite the ongoing economic challenges of the post-pandemic era, <a href="https://www.benzinga.com/25/04/44755934/us-q1-ev-sales-data-shows-106-yoy-growth-tesla-experiences-decline-but-still-dominates-domestic-ev-sales">EV sales continue to rise</a>, potentially boding well for PAAS stock and the underlying silver industry.
To drive home the case for the precious metal, 2025 will mark the fifth consecutive year of silver supply deficits. Since 2021, silver's cumulative shortfall stands at nearly 800 million ounces — about the size of an entire year's mining production. Further, advanced battery technologies could require greater silver consumption, exacerbating the supply crunch.
<h2 class="wp-block-heading">Statistical Case Shines A Bright Light On PAAS Stock</h2>
Although the narrative for PAAS stock is arguably compelling, storylines don't provide much specificity. For those operating within a short-term window (particularly options traders), a thesis regarding the magnitude (y-axis) of an asset isn't enough; the forecast must also include consideration of the time element (x-axis) because options eventually expire.
It's no surprise, then, that options traders live in a world of probabilities. However, the use of statistics in the financial realm is a tricky matter. It's not as straightforward as taking the frequency of the desired outcome and dividing it by the total number of events in the dataset. Such an approach calculates the derivative probability, which is the outcome odds across the dataset's entire distribution.
What options traders are looking for? That would be the conditional probability or the outcome odds across a specific subset of the data. This is the key difference between quantitative analysis and quantified analysis.
For example, a backtest of MACD crossovers may reveal a 60% success rate. However, this ratio is a derivative probability because it covers all instances of the MACD crossover across the length of the dataset. Unfortunately, this ratio doesn't reveal the odds of success when the crossover flashes at the moment of the transaction.
To apply conditional probabilities requires that the dataset speak a unified language, which is where market breadth comes into play. By converting the continuous signal of share prices into a binary code of accumulative and distributive sessions, demand profiles can be segregated into distinct, discrete behavioral states. With this framework, it's easier to extract probabilistic forecasts based on the study of past analogs.
In the past two months, the price action of PAAS stock can be converted as a "4-6-D" sequence: four up weeks, six down weeks, with a negative trajectory across the 10-week period. While this process compresses PAAS' magnitude dynamism, it categorizes the stock's demand profile as distinct behavioral states across 10-week intervals. This way, it's easier to determine forward transitions.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30122850/PAAS-stock-10wk-forecast-1024x576.jpg" alt="" class="wp-image-967268" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30122850/PAAS-stock-10wk-forecast-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30122850/PAAS-stock-10wk-forecast-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30122850/PAAS-stock-10wk-forecast-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/30122850/PAAS-stock-10wk-forecast.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image by author</figcaption></figure>
Using this framework, a trader can objectively determine that since January 2019, the 4-6-D sequence flashed 56 times. Notably, in 64.29% of cases, the following week's price action results in upside, with a median return of 4.62%. Should the bulls maintain control of the market for a second week, speculators may expect an additional 1.48% of performance to be tacked on.
On Friday, PAAS stock closed at $27.72. If the implications of the 4-6-D pan out, the security could reach $29.43 over the next two to three weeks.
<h2 class="wp-block-heading">A Tempting Offer On The Table</h2>
With the above market intelligence, aggressive speculators may consider the 28/29 bull call spread expiring July 18. This transaction involves buying the $28 call and simultaneously selling the $29 call, for a net debit paid of $50 (the most that can be lost in the trade). Should PAAS stock rise through the short strike price ($29) at expiration, the maximum reward is also $50, a payout of 100%.
Primarily, this trade is enticing because of the implied shift in sentiment regime of the 4-6-D sequence. As a baseline (from the same January 2019 starting point), the chance that a long position in PAAS stock will be profitable on any given week is only 52.8%. Thus, the aforementioned sequence adds 11.49 percentage points of favorable odds to the bullish speculator.
To be clear, this is an exercise in probabilities, not certainties. Further, the stock market is an open system, which means that borrowing concepts from models covering closed-system behaviors will inherently carry some statistical vulnerabilities. Still, discretizing continuous signals to extract conditional probabilities yields tangible guideposts to help navigate prospective options-based opportunities.
The opinions and views expressed in this content are those of the individual author and do not necessarily reflect the views of Benzinga. Benzinga is not responsible for the accuracy or reliability of any information provided herein. This content is for informational purposes only and should not be misconstrued as investment advice or a recommendation to buy or sell any security. Readers are asked not to rely on the opinions or information herein, and encouraged to do their own due diligence before making investing decisions.
Read Next:
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<li><a href="https://www.benzinga.com/markets/options/25/06/46152748/djt-stock-trump-political-wins-boost-relevance">Options Corner: Trump Media Might Rally As Political Wins Stack Up</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Commodities

Options

PAAS

Options Corner: Pan American Silver May Shine Again As The Market Reassesses Risk

A third and final season of "Squid Game" <a href="https://www.benzinga.com/news/gaming/25/06/46082294/netflix-is-turning-squid-game-into-something-bigger-as-fortnite-tries-to-keep-up">recently premiered on</a> Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>). While the series may conclude the storyline of lead character Seong Gi-hun, viewers also saw a cameo appearance by an Academy Award winner that could set up a U.S. version of the show and hint at future spinoffs.
What Happened: Streaming success for Netflix will live on with or without "Squid Game," but viewers and shareholders likely can't help but question what comes next.
Series director and creator Hwang Dong-hyuk has <a href="https://www.netflix.com/tudum/articles/squid-game-season-4-interview">confirmed </a>that the original series for "Squid Game" is done and there will not be a season four.
Without spoiling too much of the series 3 <a href="https://www.netflix.com/tudum/articles/squid-game-season-3-ending-explained">plot </a>for readers who have not watched the newest season, the storyline for Gi-hun reaches its conclusion, with an ending that Hwang originally didn't plan on using.
While Gi-hun may not be used in any spinoffs, in today's age of hit television series and movies, fans know that there can be spinoffs and origin stories to further advance a series.
Outside of Gi-hun there are other characters like Front Man and a baby that plays a key role in the series 3 plot that could also be featured in spinoffs and origin stories.
Viewers of the final episode of "Squid Game" were likely most surprised to see Academy Award winner Cate Blanchett playing a potential recruiter for "Squid Game" in the United States. Blanchett is seen dressed similar to the recruiter of the "Squid Game" series and playing ddakji.
Read Also: <a href="https://www.benzinga.com/news/entertainment/25/06/46176403/elon-musk-donald-trump-inspired-these-squid-game-characters-the-ones-running-everything-the-ones-in-control">Elon Musk, Donald Trump Inspired These &#8216;Squid Game&#8217; Characters: &#8216;The Ones Running Everything… The Ones In Control&#8217;</a>
Why It's Important: Hwang has not shied away from the demands of making the three seasons of "Squid Game."
"This is something that has completely consumed me," Hwang said, as <a href="https://www.hollywoodreporter.com/tv/tv-features/squid-game-finale-gi-hun-fate-spinoffs-creator-interview-1236301773/">reported </a>by The Hollywood Reporter.
Netflix has not confirmed any spinoffs or remakes, which leaves fans at a standstill and creates even more question marks with the surprise cameo of Blanchett in the final episode.
After previously being interested in creating spinoffs about the gap between season one and two or on the backstories of players and guards, Hwang seems to feel content with everything being completed. &nbsp;
"I think the story ended in a manner where it doesn't need a further story to be told. So I am not too interested in telling a story that continues with the conclusion," Hwang said.
The director said if he did do a spinoff, it would be on the time gap between seasons one and two.
The appearance of Blanchett and previous reports that David Fincher was <a href="https://www.benzinga.com/general/entertainment/24/06/39538239/squid-game-to-get-an-english-remake-netflix-award-winning-director-could-make-it-happen-rep">making a U.S. version</a> of "Squid Game" have amplified rumors of a potential American version of the show. Blanchett previously starred in Fincher's "The Curious Case of Benjamin Button."
Without a U.S. version of the show, Blanchett's appearance would serve as just a potential plot point, highlighting the existence of other versions of the games around the world.
With Hwang ready to move on beyond "Squid Game," the question is whether he will give his blessing for others to work with his plot and characters, and how much content Netflix can derive from this valuable intellectual property.
A reality game show and mobile game have also been part of the "Squid Game" universe, along with live events and experiences from the streaming giant.
Hundreds of millions of households around the world watched the first season in its first month of release, with Netflix reporting a record of 1.65 billion hours of the series streamed during its first four weeks.
Still ranking as Netflix's most-watched series, the first season&nbsp;<a href="https://www.netflix.com/tudum/top10/most-popular/tv-non-english" target="_blank" rel="noreferrer noopener">has&nbsp;</a>more than 265 million viewers with over 2.2 billion hours watched.
Season two of "Squid Game" had 68 million viewers during its first week, setting a&nbsp;<a href="https://www.benzinga.com/24/12/42751367/netflix-posts-record-debut-with-squid-game-season-2-heres-how-many-people-watched-show" target="_blank" rel="noreferrer noopener">new Netflix premiere record.</a>
Later this week, we'll find out how many people watched episodes from season three in its premiere week.
Fans of "Squid Game" and Netflix shareholders aren't ready to say goodbye to the series or characters yet, and Hwang may face the difficult decision of ending the series for good or passing the torch to others.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/entertainment/25/06/46139870/if-you-invested-1000-in-netflix-stock-when-squid-game-was-released-heres-how-much-youd-have-now">If You Invested $1,000 In Netflix Stock When &#8216;Squid Game&#8217; Was Released, Here&#8217;s How Much You&#8217;d Have Now</a></li>
</ul>
Photo: Rokas Tenys / Shutterstock.com

Entertainment

NFLX

Netflix's 'Squid Game' Ends... Or Does It?

<a href="https://x.com/elonmusk/status/1939762942851027127" title="https://x.com/elonmusk/status/1939762942851027127">https://x.com/elonmusk/status/1939762942851027127</a>

TSLA

Elon Musk Posts On X "It is obvious with the insane spending of this bill, which increases the debt ceiling by a record FIVE TRILLION DOLLARS that we live in a one-party country – the PORKY PIG PARTY!! Time for a new political party that actually cares about the people."

Reddit Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) shares are trading higher Monday, continuing a strong run driven by anticipated user growth and <a href="http://v">rising investor optimism</a>.
What To Know: <a href="https://x.com/Similarweb/status/1939642834245616024?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet">Similarweb</a> on Monday highlighted a surge in app store downloads for Reddit in recent months, noting that adoption appears to be skyrocketing. Download volumes surged 77.98% in April compared to March, followed by another 47.92% month-over-month increase in May. The spike comes after a year of relatively flat app downloads growth.
Shares have also seen strong momentum over the past quarter, gaining more than 44% over the last three months and more than 34% in the past month alone. Reddit is now up more than 127% over the past year, sharply rebounding from early 2025 lows. Its current market cap stands at approximately $26.4 billion, with the stock trading higher on above-average volume. The surge in activity may also be amplified by short covering, with 16.3% of Reddit's float sold short at last check, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Recent analyst updates suggest the rally could continue. Citigroup last week raised its price target to $163, citing sustained user growth and improving platform engagement. Guggenheim reiterated its $165 target, emphasizing Reddit's expanding monetization potential as it scales. The stock's consensus price target has edged higher, with analysts broadly maintaining a positive outlook.
Looking ahead, investors are focused on Reddit's next earnings release for concrete guidance on how the surge in downloads is translating into revenue. In the company&#8217;s most recent earnings report, Reddit emphasized plans to grow ad offerings, expand partnerships and improve personalization algorithms, all of which could help convert the platform's user momentum into sustained financial performance.
RDDT Price Action: Reddit shares were up 5.09% at $150.29 at the time of writing Monday, according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga Pro.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/46175722/stocks-today-us-markets-wallstreet-news">Wall Street Extends Record Highs, Dow Jones Hits 44,000: What&#8217;s Driving Markets Monday?</a></li>
</ul>
Image via Shutterstock.

RDDT

Reddit Shares Surge As App Downloads Spike: What's Going On?

Cryptocurrency markets opened the week with sideways price action ahead of Federal Reserve Chair Jerome Powell's speech scheduled for Tuesday. 
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Ticker</td>
<td>Price</td>
</tr>
<tr>
<td>Bitcoin</td>
<td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>$107,285.07</td>
</tr>
<tr>
<td>Ethereum</td>
<td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>$2,488.00</td>
</tr>
<tr>
<td>Solana</td>
<td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>$155.89</td>
</tr>
<tr>
<td>XRP</td>
<td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td>
<td>$2.22</td>
</tr>
<tr>
<td>Dogecoin</td>
<td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>$0.1646</td>
</tr>
<tr>
<td>Shiba Inu</td>
<td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>$0.00001140</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul class="wp-block-list">
<li>IntoTheBlock data shows large transaction volume decreasing by 6.9% and daily active addresses falling by 10.5%. Transactions greater than $100,000 are up from 7,560 to 7,612 in a single day. Exchanges netflows are down by 613.9%.</li>
<li>Coinglass data reports 94,334 traders were liquidated in the past 24 hours for $251.96 million.</li>
<li>Glassnode data <a href="https://x.com/AltCryptoGems/status/1939735664678838545">shows</a> Bitcoin wallets holding more than $1 million in BTC increased sharply in recent weeks.</li>
</ul>
Notable Developments:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46175268/ethereum-traders-target-4000-in-summer-whats-fueling-the-optimism">Ethereum Traders Target $4,000 In Summer: What&#8217;s Fueling The Optimism?</a></li>
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46168111/bitcoin-options-traders-shift-bullish-heres-their-strategy-for-q3">Bitcoin Options Traders Shift Bullish: Here&#8217;s Their Strategy For Q3</a></li>
<li><a href="https://www.benzinga.com/crypto/25/06/46174854/robinhood-just-made-crypto-simpler-and-way-more-powerful">Robinhood Just Made Crypto Simpler — And Way More Powerful</a></li>
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46168953/strategy-adds-4980-bitcoin-ups-total-stack-to-42-billion">Strategy Adds 4,980 Bitcoin, Ups Total Stack To $42 Billion</a></li>
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46166208/bitcoin-etfs-extend-record-2-2b-net-inflows-to-extend-streak-to-11-weeks">Bitcoin ETFs Extend Record $2.2B Net Inflows To Extend Streak To 11 Weeks</a></li>
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46169668/barclays-faces-epstein-fallout-as-former-ceo-faces-trial">Barclays Faces Epstein Fallout As Former CEO Faces Trial</a></li>
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46165366/circle-stock-is-a-must-hold-says-bernstein-heres-why">Circle Stock Is A &#8216;Must Hold,&#8217; Says Bernstein: Here&#8217;s Why</a></li>
</ul>
Top Losers:
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Ticker</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
</tr>
<tr>
<td>DeXe</td>
<td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">DEXE</a>)</td>
<td>$7.54</td>
</tr>
<tr>
<td>Maple Finance</td>
<td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">SYRUP</a>)</td>
<td>$0.5575</td>
</tr>
<tr>
<td>Sei</td>
<td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">SEI</a>)</td>
<td>$0.2869</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes:  Crypto trader CryptoCon pointed out that today marks day 195 of sideways Bitcoin price action since Dec. 18, 2024. 
Despite the ongoing bull cycle, Bitcoin has spent most of its time in a grinding, non-directional range. 
According to him, only 36 days during this stretch have delivered meaningful upside, while the rest have been defined by brutal, slow consolidation.
Zooming out, CryptoCon noted that Bitcoin has now spent over two years in largely directionless movement, with periodic rallies giving the illusion of trend strength—when in reality, the broader structure has been defined by stagnation and new lows.
"You're surviving the slowest overall cycle yet, but it's not finished," he emphasized.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is day 195 of sideways Bitcoin price action since December 18th of last year. The trend has been simple, but gruesome: All of the great price action has been made in very short bursts, totaling just 36 days. We have now spent a total of 2 years in sideways price action.… <a href="https://t.co/1dbrYRdf6T">pic.twitter.com/1dbrYRdf6T</a>
&mdash; CryptoCon (@CryptoCon_) <a href="https://twitter.com/CryptoCon_/status/1939736572725018958?ref_src=twsrc%5Etfw">June 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Meanwhile, Ted Pillows <a href="https://x.com/TedPillows/status/1939734089122119803">observed</a> that Bitcoin has been consolidating just below its all-time high for over a month. 
With the S&amp;P 500 recently breaking to new highs, he believes Bitcoin is primed to follow suit, forecasting a potential breakout above $120,000 to signal the next major leg up.
Javon Marks <a href="https://x.com/JavonTM1/status/1939664986650956101">identified</a> $116,652 as a near-term breakout level. 
Current price action just beneath this mark shows bullish signs, and a decisive move above it could ignite a rally to $165,000 or higher, a gain of over 50% from current levels. 
He views this as a likely continuation of the broader bull cycle rather than a top formation.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46172312/bitcoins-perfect-storm-could-extend-bull-run-into-2026-report">Bitcoin&#8217;s &#8216;Perfect Storm&#8217; Could Extend Bull Run Into 2026: Report</a></li>
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Bitcoin Steady, Ethereum, XRP, Dogecoin Turn Green As Traders Bemoan 'The Slowest Cycle Yet'

Seeks Damages and Injunctions to Restore its Exclusive Patent Rights
TEMPLE, Texas, June 30, 2025 /PRNewswire/ -- Xockets, Inc., a Texas-based pioneer and the inventor of advanced Data Processing Units ("DPUs") that enable accelerated computing and artificial intelligence ("AI") in cloud data centers, today filed two lawsuits against Amazon.com, Inc. and Amazon Web Services in U.S. federal court alleging willful patent infringement. Xockets' patented DPU technologies form the foundation of modern clouds and the AI revolution.
The lawsuits, filed in the U.S. District Court for the Western District of Texas, Austin Division, allege that, for years, Amazon has brazenly infringed Xockets' exclusive patents rights to its DPU innovations—without Xockets' knowledge or permission.
Xockets' patented DPU technologies—or intellectual property—is what Amazon uses to supercharge its cloud computing performance and slash operating costs to stay competitive.
Xockets further alleges that Amazon's Annapurna Labs which designs, develops, and tests Amazon's accused cloud infrastructure in Austin, Texas is "ground zero" for the infringement. The infringement extends throughout Amazon's cloud, including to its compute, AI, and storage server systems, which today include Annapurna Labs' Nitro-branded DPUs integrated with cloud servers using Elastic Fabric Adapters (EFAs) and/or Elastic Network Adapters (ENAs).

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Xockets Files Two Lawsuits Against Amazon.Com Inc. And Amazon Web Services In U.S. Federal Court Alleging Willful Patent Infringement

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AIRT stock has given up its prior loss. Air T shares were trading lower after the company reported a year-over-year decrease in Q4 financial results.

Burford Capital Limited ("Burford"), the leading global finance and asset management firm focused on law, today issues the following update to its June 17, 2025 statement in connection with proposed tax provisions relating to litigation finance included within the US Senate's draft of the budget reconciliation bill.
In revisions to the bill over the weekend, the proposed tax rate has been reduced to 31.8% (instead of 40.8%) and the withholding tax rate has been reduced to 15.9% of gains (instead of 50% of the tax rate applied to gross proceeds).
In response to those changes, the nonpartisan Joint Committee on Taxation reduced its estimates of the expected tax revenue the provisions could generate over the next decade to $1.4 billion; prior estimates were as high as $3.5 billion.
The Senate continues to debate the legislation, and there remain a number of uncertain procedural and political steps both for the litigation finance provisions and the bill itself before enactment could occur.&nbsp; The outcome of those steps, including the failure to enact the provisions at all, remains unpredictable.&nbsp; Moreover, as discussed in the prior statement, Burford is not yet able to assess the impact of those provisions, if enacted in their current form, on its future tax position.

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