Whales allocated $240 million to Cardano over five days, helping lift ADA 25% while trading volume surged 380%, Santiment data show. Technical analyst Ali Martinez said the rally pushed Cardano’s market capitalization past Monero, bringing it back into the global top 15. The price jump also sparked a wave of short-position liquidations in futures markets. ADA has hovered near a $0.15 support level since mid July, with observers watching whether that support cluster breaks.

The S&P 500’s forecast for second-quarter earnings growth has been raised to 47% from about 20% at the start of the reporting season, and it would still be above 28% even excluding two stocks. That would mark a seventh straight quarter of double-digit earnings growth. Unlike past spikes tied largely to post-crisis rebounds in 2021 and 2010, the current upswing is described as more internally driven.

Eli Lilly reported second-quarter revenue of $22.97 billion, up 48% year over year and above the $20.73 billion consensus estimate, while adjusted earnings were $8.38 per share versus $6.01 expected. Sales of its diabetes and weight-loss drugs Mounjaro and Zepbound totaled $14.9 billion, up $6.3 billion from a year earlier, reflecting sustained demand. The company is expanding manufacturing capacity and its product lineup to reinforce its lead in the GLP-1 market. The results helped lift the stock.

Opendoor reported a quarterly loss of three cents per share, narrower than the Street estimate for a seven-cent loss. Revenue came in at $883 million, above expectations, but fell from $1.57 billion a year earlier. The company guided for third-quarter sales of $1.098 billion versus estimates of $1.132 billion, weighing on the stock. The shares were down 6.43% at $3.85 at the time of publication on Wednesday, according to Benzinga Pro data.

India’s sugar prices have risen 10% over the past month to a record high as supplies tighten and festival demand strengthens. Prices are expected to stay elevated for at least the next three months, potentially adding to retail inflation and prompting the government to consider further steps after it banned exports and imposed stock limits last month. In key trading centers, wholesale prices have climbed to 4,716 Indian rupees per 100 kg.

Circle Internet Group released its second-quarter results, reporting EPS of $0.18 and revenue of $701 million. USDC circulation rose to $73.3 billion, up 19% from a year earlier, but retreated from a peak of nearly $80 billion earlier this year. Circle Payments Network posted $14.7 billion in annualized transaction volume in Q2, up 76% from the previous quarter. Circle shares fell 5%.

Disney reported better-than-expected theme park performance, with attendance at its Florida and California parks up 3%, driven by domestic tourists and annual pass holders. Comcast’s Universal parks posted a 5% quarterly drop in overall profit, even as its newly opened large-scale park is expected to support demand. The divergence highlights uneven conditions in the broader Orlando market.

The US Senate has not scheduled a vote on the CLARITY Act in its final week before recess, leaving limited time to advance the bill that would set a federal framework for digital commodities and split oversight between the SEC and CFTC. Polymarket data show the implied probability of enactment in 2026 has fallen to 14%, down from more than 80% in February. The House passed the bill 294-134 in July 2025. Bitwise said missing the deadline could ultimately set up a crypto-market rebound.