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●  IN THIS ISSUE

Chart of the Day — AI dominates earnings calls
Trade of the Day — CRCL enters a key range
Alpha Leaks — Coinbase can expand services
News Roundup — Zcash, new BNB chain, and Xapo Bank

●  CHART OF THE DAY

Earnings Call AI Mentions Soar

Confirming the degree to which AI has become the most critical topic in the corporate world–and, as a result, a currently unstoppable trading narrative–this chart posted by The Kobeissi Letter visualizes mentions of “AI disruptions” in earnings call transcripts.

As you can see, ChatGPT was launched in H2 2022, and use of the phrase then noticeably increased, before absolutely soaring in H1 2026, rising sequentially from 190 to 780.

●  TRADE OF THE DAY

CRCL at Deep Value

CRCL is now near a deep value range where accumulation makes sense, and long positions are worth considering. However, your entry point may depend on your level of risk tolerance, and it’s not certain that the stock has found a bottom here.

Go Premium to get the full chart breakdown on CRCL, with detailed range parameters, Stop Loss positions and Take Profit targets. Inner Circle members have been printing on our trades as we take both long and short positions. Go premium today for the quickest and most up-to-date way to catch our signals.

●  ALPHA LEAKS
COIN · STOCK

Coinbase has acquired the necessary license allowing it to provide its derivatives and equities trading services to users resident in Britain.

ONDO · CRYPTO

Ondo Perps has announced that permissionless 24/7 trading on its platform is now live. This means that tokenized RWAs can be traded with up to 20x leverage, and tokenized equities can be used as collateral, although these services are not available in the US.

BONK · CRYPTO

A user took advantage of loopholes in the BONK governance system to profit by $16.8 million in a legally unclear process. This enabled the transfer of $21.2 million worth of tokens to the attacker’s wallet, having spent $4.4 million in order to be able to vote on authorizing the transfer.

AMZN · STOCK

Amazon is planning to raise a minimum of $25 billion through a bond offering. This comes as its AI infrastructure spending is surging, with 2026 capex projected to exceed $200 billion.

WULF · STOCK

TeraWulf has signed a $19 billion, 20-year deal with Anthropic for an AI infrastructure campus located in Kentucky. This is projected to be online in H2 2027, and operating at full capacity by early 2028.

CAT · STOCK

In a move that boosts its mining tech capacity, Caterpillar has acquired Skycatch, an AI-integrated firm specializing in mining-related spatial data.

NEAR · CRYPTO

NEAR Protocol has launched Confidential Intents, a release that the chain describes as “bringing NEAR's confidential execution infrastructure to all builders”.

●  NEWS ROUNDUP

Zcash Upgrade Coming Soon

ZEC took a major price hit back at the end of May when a critical vulnerability was discovered in its Orchard shielded privacy pool. This could in theory have allowed an attacker to create counterfeit ZEC inside the affected pool, while Zcash’s privacy design meant it was not possible to confirm whether or not this had occurred.

However, Project Tachyon, a Zcash research group working on formal verification of the protocol, this week published a new update about strengthening Zcash’s shielded pools, stating that it is close to producing a mathematical proof that Zcash’s latest pool design, Ironwood, does not contain counterfeiting flaws.

Zcash founder Zooko Wilcox said the project is “on the verge” of proving that the newest shielded pools are bug-free, and the ZEC price surged on the news, gaining over 12% in one day on Tuesday.

Prior to the initial discovery of the vulnerability, ZEC had been trading at around $620, but it subsequently crashed to $247, and is now trading at around $470.

Why You Should Be EARNING on Your Bitcoin

Is BTC a productive asset? Is it a store of value or a currency? Don’t worry, we’re not going to get lost in any endless discussions about the nature of Bitcoin. These debates have been raging for approaching two decades now, they always seem to get louder during bear markets, and you no doubt have your own views.

But we can focus on that first point–whether BTC is productive–from a practical, profit-minded point-of-view. If you hold large amounts of BTC long-term then you benefit from its number-go-up nature, but there are also now products and structures in place allowing you to regularly earn further returns and rewards.

I’ve partnered with Xapo Bank–where I’m a member myself–and this members-only private Bitcoin-friendly bank unlocks returns from your BTC in several ways:

● Right now, by referring friends to Xapo, both parties can earn $500 in rewards, paid in BTC.

● You can receive up to 4% APY* on BTC and USD holdings, paid in BTC.

● There are borrowing services to unlock liquidity against your BTC. (not available in the UK)

There are tons more reasons to become a Xapo member, with enhanced security high up on the list, but the point here is that BTC needn’t be regarded as an asset that simply sits in a digital vault waiting to appreciate. As we approach 20 years of tick-tock-next-block, there’s no reason not to be picking up extra income from the BTC section of your financial portfolio.

Visit Xapo Bank to learn more about its comprehensive bitcoin banking services, and to start your own Xapo Membership application.

*The 4% rate is a target, not a guarantee. Your actual returns may be higher or lower and can change over time. These are investment products, not standard savings or deposit accounts. This means your money is not protected by traditional bank deposit guarantee schemes, and you must meet our eligibility rules to access them.

BNB Chain Creating New Agentic Trading Chain

BNB Chain is developing a new Layer-1 blockchain aimed at high-speed agentic trading, with a testnet planned for late 2026 and mainnet projected to launch in early 2027.

The new chain is designed to join BNB Smart Chain, opBNB and BNB Greenfield, which are all part of the BNB Chain ecosystem, and its goal is to offer a trading experience that matches the efficiency of centralized exchanges while maintaining onchain custody and settlement.

Developers are aiming for transaction preconfirmations below 50 ms, and throughput above 100,000 transactions per second. Also, a feature called TxStream will remove the public mempool, which should speed onchain processes up, while preventing sandwich attacks.

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