Hedge fund manager David Einhorn’s DME Capital Management bought about 1.42 million PayPal shares in the second quarter, valued at $61.5 million. PayPal reported Q2 adjusted EPS of $1.38, about 8% above expectations. The stock has rebounded recently, leaving it valued at roughly 11.7 times earnings. That multiple sits below the financial services sector median.

Oracle reported fiscal fourth-quarter results for the period ending in May, with revenue up 21% year over year to $19.2 billion and adjusted earnings per share rising 24% to $2.11. Driven by AI demand, total cloud revenue climbed 47% to $9.9 billion, while remaining performance obligations surged 363% to $638 billion. Separately, Tudor Investment Corp. initiated a position in ORCL in the second quarter, buying 1.3 million shares.

Off-balance-sheet obligations at nine tech companies including Microsoft, Amazon, Alphabet, Meta, Oracle, Nvidia, Broadcom, AMD and SpaceX are nearing $3 trillion, according to a Wall Street Journal analysis. The estimate is sharply higher than Nikkei’s July calculation of $1.65 trillion for five of those firms. The obligations largely reflect future spending commitments tied to data centers, chips and power that are not recorded as debt on balance sheets.

SK hynix’s board has approved a ₩40 trillion (about $28.69 billion) share buyback and said it will permanently cancel all shares repurchased once the program is completed. Based on the previous day’s closing price, the plan could cover about 24.07 million shares, or 3.3% of the company’s total shares outstanding. The buyback is set to run for three months, and the company’s market capitalization is about $1.14 trillion.

Bitcoin pulled back from a recent high, briefly touching $77,000. The drop triggered a wave of liquidations in leveraged long positions, with on-chain and exchange data showing forced closures totaling hundreds of millions of dollars. The market faced a short-term deleveraging shock, alongside a sharp rise in outflow pressure. Liquidations were concentrated in BTC-linked contracts and did not involve other tokens.

The Trump administration has returned more than $100 billion in IEEPA-related tariffs, about 60% of what was collected. Walmart received about $2.9 billion in refunds. Target took in $994 million and used it to lift margins, contributing $1.65 to earnings per share. Amazon and Home Depot received roughly $600 million and $730 million, respectively.

The U.S. Securities and Exchange Commission has proposed a crypto-asset framework that would set compliance-based fundraising routes for token projects. Under the proposal, issuers could raise up to $5 million over a single period lasting as long as four years, or use a larger exemption with Tier 1 capped at $20 million without an audit and Tier 2 capped at $75 million with an independent audit. Nonaccredited investors would be limited to investing 10% of annual income or net worth, while accredited investors would not face a rule-specific cap. The framework is designed to cover the full lifecycle from token issuance through a filing process that can end the token’s securities-related investment contract.

Bitcoin has moved close to the $80,000 level, but a key driver of the rise—buying linked to spot Bitcoin ETFs—has faded during weekend trading. With traditional financial markets closed over the weekend, institutional inflows via ETFs are interrupted, leaving the market without a major source of support in the near term. The shift highlights how dependent the current Bitcoin rally is on traditional finance channels, while thinner weekend liquidity could create resistance just below the psychological threshold.