Live cattle futures posted a sharp weekly drop, with the August contract down $4.02 to 235.20 cents/lb. Feeder cattle also fell, with August down $6.025 on the week to 354.60 cents/lb. Cash trade slipped to $247–248/cwt, down $7–8 from last week. CME indexes weakened and speculative funds cut net long positions, while USDA data showed federally inspected slaughter down 42,565 head from the same week last year, as softer demand weighed on prices.

A European Parliament committee has overwhelmingly backed draft legislation setting up a framework for a digital euro, clearing the way for formal talks with EU member states aimed at reaching an agreement by the end of 2026 and a public rollout in 2029. The plan is designed to reduce reliance on U.S. payment systems such as Visa and Mastercard, as well as Apple Pay and Google Pay, and to strengthen Europe’s payments sovereignty. The digital euro would complement cash as legal tender, include a holding cap reportedly around €3,000 per person, and provide cash-like privacy for offline transactions.

Organic Recycling Systems will hold a board meeting on July 6, 2026, to consider a 1:2 bonus share issue. If approved, the company plans to convene an Extraordinary General Meeting on Aug. 3, 2026, to seek shareholder consent. The proposal involves issuing 51,99,637 equity shares with a face value of ₹10, funded through the securities premium account and the capital redemption reserve account. The move is a capitalization of reserves and does not involve new fundraising, changes in profitability, or business adjustments.

Union Bank of India said at its AGM on July 10, 2026 that it will pay a dividend of ₹5 per share for FY2025-26 and approved the appointment of Asheesh Pandey as MD & CEO. Its disclosures for the period ended June 30, 2026 showed total loans up 12.5% year on year, with the CASA ratio rising to 35.1%. The bank also reported a domestic credit-deposit ratio of 83.38%.

The Pakistan Stock Exchange and the finance ministry held an investor briefing outlining Pakistan’s debt management strategy, reporting FY2026 Sukuk issuance of Rs3.5 trillion, up nearly 60% from the prior year. The debt-to-GDP ratio fell to 68.5% while the average time to maturity rose to 3.9 years. Officials also said Pakistan completed Rs4.7 trillion in replacements of high-cost debt over the past two years.

SpaceX tokenized stock $wSPCX went live on the XRP Ledger on 2026-07-11. The token is issued by the Wrapped protocol and is pegged to equity in the privately held company SpaceX, using the XRP Ledger’s native token standard (XLS-20) to support on-chain transfers and DeFi integration. XRP Ledger said it is a compliant on-chain asset, while stressing that its legal characteristics differ from traditional stocks.

The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +0.42%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.33%. September E-mini S&P futures (ESU26 ) rose +0.43%, and...

The piece argues that DeFi has long been constrained by having access to only a small set of high-quality on-chain assets. Beyond a few major tokens and stablecoins, it says most other on-chain assets carry an implicit drag of about 30%/yr. It adds that the Solana ecosystem is now bringing higher-quality representations of high-quality assets on-chain, strengthening the case for permissionless innovation over a more diverse asset layer. The capability is attributed specifically to Solana.