IBM warned that second-quarter revenue will be $17.2 billion, below the $17.86 billion consensus, and forecast adjusted EPS of $2.93 versus $3.02 expected. The company said customers shifted quarterly capital spending toward AI-related servers, storage and memory, leaving some mainframe and software deals unfinished. IBM shares plunged 25% in a single session, weighing on the Dow, while the IGV software ETF fell more than 4% and peers including Microsoft slid 2% to 5%.

Ripple said it has joined the x402 Foundation to jointly expand agentic payment capabilities built on the XRP Ledger (XRPL), with a focus on automated, programmable payment use cases for XRP and the RLUSD stablecoin. The x402 Foundation is focused on building decentralized payment infrastructure, with a stack designed for machine-to-machine (M2M) settlement without human intervention. The collaboration does not involve launching a new token or changing any tokenomics model, but it signals closer coordination in the Ripple-led public blockchain ecosystem around real-world payment applications and reinforces XRPL’s positioning as a high-TPS, low-fee payments network.

IBM released preliminary Q2 results showing revenue of $17.2 billion, below analysts’ expectations of $17.9 billion, and said infrastructure revenue fell 7%. The shortfall sent IBM shares down 23% in a single session, the stock’s biggest one-day drop in nearly six decades. Infosys and Wipro ADRs fell 3.39% and 2.63%, while the iShares Expanded Tech-Software Sector ETF (IGV) slid 4.5% and Microsoft, Oracle and Salesforce also declined.

September coffee futures (KCU26) remain in an uptrend after recently hitting a multimonth high, with the MACD indicator showing a bullish setup. The article cites weather-related crop declines in key producing countries, global supply chain disruptions, rising world demand, and trade policies affecting major producers as fundamental drivers. On the technical side, a break above $3.4000 is framed as a buy signal, with an upside objective of $4.25 or higher and support near $4.1000.

US June CPI rose 3.5% year on year, below the 3.8% market forecast, while core CPI increased 2.6%, also under expectations. Swaps pricing cut the implied probability of a July FOMC rate hike to 12% from 43%. The dollar index (DXY) fell 0.55% on the day and the front-month gold contract surged 1.87%. Major currency pairs moved in tandem, while a flare-up in Middle East tensions and a jump in oil prices acted as partial offsets without overturning CPI-driven trading.

Raydium’s official X account said onchain investors are buying U.S. stocks on Solana at the fastest pace in history. The post did not provide specific data sources or a methodology. It pointed to an acceleration in real capital inflows and tokenization activity within the Solana ecosystem. The post did not mention other cryptocurrencies or stock tickers, and described the activity as native on-chain operations rather than cross-chain bridging or centralized-platform routing.

The article argues that Super Micro Computer (SMCI) is facing sharply higher governance and financial risks, citing an office raid, Nvidia’s public criticism, a $7B highly dilutive equity financing, and restrictive loan terms. While the stock appears inexpensive and the company is positioned as a leader in liquid-cooled AI racks, it also has the lowest gross margin among peers and a deeply negative free-cash-flow yield. Key near-term milestones include the Aug. 4 earnings release and a board review. The piece says order-book and compliance risks are now outweighing traditional value signals.

AlloX said it will roll out bStocks, a PancakeSwap-powered service that will initially offer 26 tokenized U.S. stocks and ETFs on BNB Chain. The offering is designed for 24/7 on-chain trading with direct wallet access, without relying on traditional brokerage accounts. Pricing will be provided through an RFQ model supported by institutional-style market makers, with settlement on BNB Chain. The platform said this will allow users to manage stock-like assets and crypto assets on the same platform.