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  • The Best Headphone Deals for August From Apple, Sennheiser, Sony, and More

    The Best Headphone Deals for August From Apple, Sennheiser, Sony, and More

    Updated July 30: Need a personal audio solution that delivers rich, clear sound, deep bass, and modern noise cancellation to block out the world? It’s time to go headphone shopping. We’ve been monitoring all the top retailers for the deepest discounts on headphones and earbuds, and found sweet deals from top brands like Apple, JBL, and Sony.

    When testing headphones (whether on-ear or in-ear) with our squad of experts, we take into account important aspects like fit, features, connectivity, sound quality, and style. Our testing regimen uses the same pieces of music every time to objectively compare frequency response and volume. We carefully evaluate every pair both in the lab and in real-world situations so we can make informed recommendations for our readers. Here are the deepest discounts we found this month.

    What to Keep in Mind When Buying Earbuds

    Like with any other hardware purchase, there are things to consider when buying wireless earbuds: Your budget, the brand, its compatibility with your other devices, and, of course, extra features. Ask yourself what’s important to you. Do you need a wireless charger to extend battery life? Would active noise cancelling and/or ambient noise help you stay focused? Are you a high-bitrate audiophile, or do you mainly listen to talk-focused podcasts? Keep these factors at the front of your mind while you browse these deals.

    Best Earbud Deals

    Apple AirPods 4


    $99.00
    at Amazon

    $129.00
    Save $30.00


    Get Deal

    The most affordable in Apple’s in-ear headphone line has a nice 23% price drop at Amazon right now. In our review, we gave the AirPods 4 an “Excellent” rating, with tremendous audio quality, including impressive sub-bass response — a rare thing from open-ear headphones. They’re IP54 rated for water and dust resistance, and the USB-C charging case is compact and durable. The biggest difference between this model and the rest of the line is the lack of active noise cancellation, which is a cool feature but not absolutely necessary, especially when your budget is tight. For the price, you won’t find a better set of headphones for your iOS device.

    Sennheiser Accentum True Wireless Earbuds


    $99.95
    at Amazon

    $219.95
    Save $120.00


    Get Deal

    One of the biggest cash discounts we have this month is a full $120 price drop on the Sennheiser Accentum earbuds, which we rated “Excellent” in our review. We considered these in-ear headphones a bargain at their retail price, with impressively rich and well-rounded sound, a robust companion app with adjustable EQ, and the ability to customize touch and gesture controls. Noise cancellation tested well, with best results against lower tones, and connectivity is strong, with Bluetooth 5.3 using the AAC, AptX, LC3, and SBC codecs, as well as multipoint pairing with two devices simultaneously. Battery life is also good, with 8 hours per charge and 20 hours of stored charge in the case.

    JBL Endurance Peak 3 Earbuds


    $79.95
    at Best Buy

    $109.95
    Save $30.00


    Get Deal

    If you need a pair of earbuds that can keep up with your rigorous exercise routine, we’re ready to pump you up with a big discount on JBL’s Endurance Peak 3s. We gave this model an Editors’ Choice award in our review, with raves for the completely waterproof design, ultra-secure fit, and powerful bass response that keep you in the groove throughout even the most epic cardio. The over-ear hooks help hold them in place without discomfort, and three pairs of silicone eartips let you customize the fit to your canal. The dynamic drivers pump out rich, balanced sound, and battery life tested at 10 hours per charge, with the case holding four full charges.

    Better Sound Than AirPods Pro, but There’s More to Consider | All Things Mobile

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    Better Sound Than AirPods Pro, but There’s More to Consider | All Things Mobile

    More Wireless Earbud Deals That Sound Great

    *Deals are selected by our commerce team

    What to Keep in Mind When Buying Headphones

    Headphones aren’t a one-size-fits-all type of purchase — there are so many other factors that go into choosing the perfect pair, including fit, features, and perhaps most importantly, sound quality. That’s where the PC Labs come in.

    Over-ear options have significantly longer run times and are generally more comfortable for extended use than in-ear headphones, though the latter have the advantage of a rechargeable case. We also like to see headphones that have an app for tuning the EQ to your preference and making adjustments based on what you’re listening to.

    If you listen mostly to music, headphones with a bass boost are nice to have. Active noise canceling is extra important in loud environments like a shared workspace, a public transit commute, or an airplane trip; a “transparency mode” is crucial for those who need to let the sounds of the outside world in for a brief conversation. On-ear headphones are also an easy way to tell others that you want to be left in peace with your music.

    Recommended by Our Editors

    Best Headphone Deals

    Apple AirPods Max


    $429.99
    at Best Buy

    $549.99
    Save $120.00


    Get Deal

    Apple’s high-end headphones very rarely get significant discounts, so we wanted to pop this $120 Best Buy price drop on the AirPods Max to the top of the list. All five colors are priced the same, so you can coordinate with your outfit. In our 2020 review, we lauded the gorgeous audio performance with robust bass and clear, smooth highs, along with mega-comfortable fit and luxurious materials. Even though there’s a newer model on the market, the original AirPods Max remain a top choice for over-ear headphones. We were also impressed by its spatial audio and adaptive EQ, although we wish Apple would introduce additional user-adjustable equalizer settings.

    Sony WH-CH720N Noise Canceling Wireless Headphones


    $88.99
    at Amazon

    $179.99
    Save $91.00


    Get Deal

    Sony is one of the most trusted names in consumer audio, essentially innovating the portable format with the Walkman, and it continues to produce high-quality gear at reasonable prices. Amazon has the solid WH-CH720N over-ear headphones on sale for a whopping 51% off retail right now, and if you’re hunting for a versatile pair with good sound quality and battery life, give them a look. This is the lightest pair of noise-cancelling over-ears that Sony has ever produced, weighing in at just 6.7 ounces, so they feel great to wear all day. While we haven’t taken them into the lab yet, we did review their predecessors, the WH-CH710N headphones, and were impressed by their well-rounded sound and above-average active noise cancellation.

    Skullcandy Crusher ANC 2 Headphones


    $149.99
    at Amazon

    $239.99
    Save $90.00


    Get Deal

    For a colorful alternative that packs a boom, the Skullcandy Crusher ANC 2 headphones are a great deal at 38% off. In our 2023 review, PCMag expert Tim Gideon declared that they deliver “brain-rattling levels of bass,” tuned to accentuate the low end in your favorite music (or podcasts). We also appreciated their robust companion app, which gives you granular EQ tuning and the ability to customize the on-ear controls. They’re a comfortable fit as well, ultra-important in over-ear headphones. Battery life is good, with between 50 and 60 hours per charge, depending on your volume level.

    More Over-Ear Headphone That Sound Great

    *Deals are selected by our commerce team

    FAQ

    What Are the Best Wireless Earbuds?

    Among our experts’ top-rated picks are the Apple Airpods Pro, the Sony WF-1000XM5, and the Bose QuietComfort Ultra. These are the market-leading in-ear, noise-cancelling earphones.

    Why Do My Headphones/Earbuds Keep Breaking?

    There are a few best practices for headphone care, including regular cleaning, heeding IP ratings, using the case, and avoiding high volumes for extended periods. Treat your headphones right, and they’ll last you a long time. Earbuds need love, too, and you can find helpful tips in our article.

    How Do You Test Headphones/Earbuds?

    Both headphones and earbuds are evaluated on fit, comfort, design, features, and, of course, sound quality. The same selection of songs, which is familiar to our reviewers, is played to measure the punchiness of the bass and the clarity of the vocals. You can read more information here.

    What Are the Best Headphones?

    That depends on your usage case and your budget. We have a few categories, including the best overall, best cheap headphones, and best for exercising. The Sony WH-1000XM5 and Bose QuietComfort Ultra headphones are names that top our reviewers’ charts. These options are great at cancelling noise and more faithfully reproducing the source material. The songs we play are ones our reviewers have listened to hundreds of times across dozens of different speakers and headphones, including high-end models, so we know exactly how they should sound and exactly what is being reproduced well or poorly.

    Do Expensive Headsets Make a Difference?

    Generally, more expensive headphones do a better job of reproducing the source sound exactly as it was passed to them. What makes high-end headphones pricier often involves the materials, accessories, codec support, ANC circuitry, and attention paid to detail. Those who put audio quality above all else will appreciate the improved experience.

    Does Active Noise Canceling (ANC) Actually Work?

    You’ve probably seen the term “ANC” more often in recent years. Active Noise Canceling utilizes your headphone’s built-in mics to capture environmental sounds (people, traffic, airplane engines) and then uses the audio processing circuitry to generate the inverse wave of those sounds in real time to cancel them out. The process only takes a split second, and it can be very effective, but not every pair of headphones is the same.

    What Is a Good Cheap Headphone Brand? 

    Tribit, JVC, and JLab are your best bets for affordable earphone brands. Our experts favorably reviewed the Tribit FlyBuds 3, the JVC HA-A9T earbuds, and the JLab JBuds Mini. Also, don’t count out Anker Soundcore, which makes one of our favorites, the Liberty 4 Pro.

    Is $400 Too Much for Headphones?

    Many audiophile-quality headphones cost more than $1,000. Though not everyone can afford $400, many of today’s best consumer headphones are priced at this level. Prime examples include the Bose QuietComfort Ultra ($429) and Sony WH-1000XM5 ($399). The benefit of buying headphones above $500 falls prey to the law of diminishing returns unless you’re a true audiophile.

    How Do We Test Headphones?

    First and foremost, when we test headphones, we start with fit. Many headphones come with additional tips or earpads so that users can choose what is most comfortable for them. We also wear them for long periods to see how they feel over time. Then, we test features and connectivity. Not all headphones are made equally; some come with more nice-to-have features than others. If there’s a wired option in addition to wireless, we test that as well. And, of course, we test the sound. We sample a variety of musical genres in order to determine strengths and weaknesses.

    Do AirPods and Premium Headphones Go on Sale During Prime Day or Black Friday?

    They sure do! Black Friday and Prime Day are (pardon the pun) prime times to buy AirPods and other high-priced headphones. Retailers often offer the best discounts on products priced between $200 and $400, so you have a great chance to save some green.

    When do Premium Headphones Like Beats, Samsung, and Sony Go on Sale?

    Retailers like Amazon and Best Buy don’t need many reasons to offer sales. As noted, Black Friday and Prime Day are your best bets for the deepest discounts, but don’t ignore holidays like Presidents’ Day, Memorial Day, Fourth of July, and Labor Day, all of which are target dates for sales.

    Where Can I Find the Cheapest Wireless Earbuds?

    Low-cost earphones are often available from discount retailers. These include Amazon and Best Buy, but others like FYE, Fry’s, Target, and Walmart are better bets. That said, it’s best to stick to products from brands you recognize.

    About Our Experts

  • Boy George Drops Out of London ‘Jesus Christ Superstar’ Production After Stirring Controversy With AI-Generated Pro-Israel Song

    Boy George Drops Out of London ‘Jesus Christ Superstar’ Production After Stirring Controversy With AI-Generated Pro-Israel Song

    Boy George is dropping out of a London production of Jesus Christ Superstar, the “Karma Chameleon” singer’s manager said on Instagram on Thursday, days after he stirred controversy after releasing his AI-generated, pro-Israel song “We Will Dance Again.”

    “The decision has been made with the utmost respect for the producers, the creative team and the entire company,” manager Paul Kemsley wrote on Thursday. Boy George was set to play King Herod starting in August. Kemsley didn’t specify why George was leaving but wrote that the singer “has never been afraid to stand by his personal convictions, and I have always respected him for that.”

    “Equally, I believe it is my responsibility to make decisions that are in the best interests of my artist while also showing respect to others,” Kemsley said. “In this instance, I felt it was right to step aside, allowing the production to remain the focus, while ensuring everyone involved can move forward with mutual respect and goodwill.”

    Kemsley made the announcement just days after George shared “We Will Dance Again” on social media. Boy George confirmed the song was made with AI on Threads earlier this week, writing that “I call it ‘AI for good’. Truthfully, I would struggle to write this with a human!” At press time, it’s unclear what of the song is AI-generated and what was human made. Making an AI song of any sort isn’t exactly surprising at this point for Boy George, who spoke with The Hollywood Reporter last month about using AI to gain ownership of his hits by re-recording them.

    “We Will Dance Again,” is set over a reggae beat and production and has George rebuking calling the war in Gaza a genocide. He questions musicians who voiced support for Palestine, saying they are “mouthing like sheep propaganda fueled by the internet.”

    “You say genocide, I say war, when you’re attacked, it’s what the army’s for,” are the track’s opening lyrics. “Does it get ugly? You bet it does, when I know you want to kill every last one of us.”

    The song continues with lyrics about a lack of conversation about October 7 and about “young girls raped against trees, murdered brutally for the crime of dancing, you condemn the Jews with selective memory.”

    Broadway actor Patrick Clanton, who performed alongside Boy George in Moulin Rouge, was among those who criticized the song since its release this week, saying George “was a terrible performer and I was embarassed [sic] to be in the show with him.”

    Boy George clapped back Thursday, writing on Threads that “I barely remember you, kudos for getting some media attention off my back because any other time you would barely have garnered a sentence.”

    Boy George seemed to address some of the broader criticism around the song on Thursday on X as well, writing that “It doesn’t matter what I think or what you think.”

    “When will you realise you’re doing NOTHING! It’s a fucking joke,” he wrote. “I am even falling out with Jewish friends. The madness knows no bounds.”

  • Disney and Old Navy Team Up for New Haunted Halloween Line of Cozy Flannels, PJs and Totes

    Disney and Old Navy Team Up for New Haunted Halloween Line of Cozy Flannels, PJs and Totes

    If you purchase an independently reviewed product or service through a link on our website, The Hollywood Reporter may receive an affiliate commission.

    It may still be summer, but Disney’s Halloween merchandise lineup is getting a fall refresh. The company is teaming up with Old Navy for the Haunted Harvest collection, a new assortment of cozy apparel and accessories inspired by Disney’s Halloween favorites.

    Like many of Disney’s seasonal merchandise drops, the latest collection brings its recognizable characters and storytelling into a new lineup of fan-focused products. The Old Navy collaboration features autumn-inspired designs for babies, toddlers, kids, adults and even pets, with styles made for pumpkin patch trips, Halloween celebrations and fall family photos.

    The 40-piece assortment covers all the fall essentials, including cozy flannels, pajamas, hoodies, crewnecks, socks and accessories. Shoppers can expect warm autumn colors, heritage-inspired textures, spooky plaids and playful Disney graphics throughout the collection.

    Prices range from $7.99 to $54.99. Old Navy cardmembers can shop the collection early starting Thursday, July 30, while the full collection officially launches for everyone on Friday, July 31.

    The Old Navy partnership continues a strong year for Disney merchandise releases, following major franchise moments including the live-action remake of Moana and the release of Toy Story 5 (which brought along a nostalgia-fueled collab with Away luggage). As Disney continues expanding its consumer products business, the company is finding new ways to bring its most recognizable IP to fans through seasonal collections, retail partnerships and merchandise inspired by its biggest stories.

    Exclusive Drop

    A classic boxy white tee that goes with everything, now with a little Disney magic added in.

    No fall wardrobe is complete without a heritage flannel, and this one gets a Disney twist with Mickey pumpkin details throughout.

    A Halloween bucket in bag form, this double-lined style fits sweet treats or everyday essentials.

    Available in a rich, brown and burgundy fair isle pattern.

    A cozy Halloween night pick, this ribbed pajama set features a cream colorway and playful chipmunk print.

    Complete the look with matching pull-on pajama pants.

    Stock up on fall-ready basics with these Fair Isle crew socks, available in two classic prints for under $9.

    Plush insoles, sherpa uppers and a spooky Mickey pumpkin print make these slippers a cozy pick.

    A packable tote perfect for apple picking, candy runs and farmers market trips. Choose from a plaid or black Disney design.

    The 40-piece Old Navy and Disney Haunted Harvest collection officially launches Friday, July 31 at Old Navy, with early access on July 30 for cardholders.

  • The Affordability Squeeze Has Come for Brandy Melville’s TikTok Star Staffer

    The Affordability Squeeze Has Come for Brandy Melville’s TikTok Star Staffer

    The creator economy met the affordability squeeze this week in New York when TikTok darling and Brandy Melville SoHo staffer Allegra Pinkowitz was unceremoniously fired from her position with the controversial fast-fashion retailer after nearly two and a half years.

    While one may not think the part-time retail gig of a high school junior is notable news, Pinkowitz is also an up-and-coming TikToker with a following of 162K-plus. Last year, she was the subject of a New York magazine article titled “The Most Popular Girl in SoHo is a Brandy Melville Employee,” about the flocks of girls who have been showing up to watch her fold clothes during weekend shifts or after school. 

    When Pinkowitz received the news from a male manager by phone on Thursday, she was on TikTok faster than you can say vibecession. After an announcement clip set to rapper ASN JAYBOOG’s “Stanley Earl,” she was back hours later to dish on how it all went down.

    “This was so unexpected. You guys don’t understand — I’ve been working there for almost two and a half years,” she explains in the clip as she applies makeup; she told her fans she was about to get in the shower when a text arrived.

    “It’s basically like, ‘Can you just give me a call whenever you have a minute?’ … He’s basically like, ‘We didn’t make as much money as we were hoping to this summer, so we’re laying off a bunch of people,’” she explained in a series of video cuts of her doing her beauty ritual. “It was just basically, ‘But I’ll hold on to your contact, and if anything comes up in the fall, maybe you can come back.’ This was extremely unexpected.”

    Pinkowitz, whose TikTok fame drew crowds of upward of 20 fans at a time to Brandy Melville’s flagship lower Broadway store, was told that her firing had nothing to do with her work ethic. She added that the layoff “stings more because I’ve always talked really positively about this brand online,” and reassured her followers that she wasn’t there to hate on the brand.

    “I’m so sad. I expected a little bit more loyalty, but now I’m in the market for a new job,” the teenager said, holding back tears at moments throughout the clip.

    A first firing is always tough, but for Brandy Melville’s fanbase, the job loss means a central figure of the SoHo scene is gone. Criticized after switching to a more California-centric style for its one-size-fits-all apparel (it’s a small) and for reportedly favoring conventionally attractive, mostly blonde staff, the Italy-founded and now U.S.-based brand known for bleached wood, muted tones and T-shirts reading “NANTUCKET” saw further backlash after an investigative Business Insider story was published and later adapted into a 2024 documentary for HBO Max, called Brandy Hellville & the Cult of Fast Fashion.

    The film, in which Pinkowitz appears, features staffers discussing the body dysmorphia they developed while working for Brandy Melville and trying to fit into its image and its small clothing — sizing that was eventually changed to a tone-deaf “one-size-fits-most.”

    Pinkowitz’s recounting of the call — in which the manager cited lagging sales as the reason for layoffs — is hard to square with the many accounts of a mobbed SoHo location with lines out the door. It’s difficult to imagine all those tweens stopping in to catch a glimpse of Pinkowitz without buying anything.

    In 2025, Brandy Melville’s annual sales reached $283 million, with steady 10 to 15 percent year-over-year growth. Retail analysts say the brand’s business model yields unusually high profit margins, thanks largely to its one-size-fits-most approach and its social-media-driven marketing strategy.

  • ‘Spider-Man: Brand New Day’: Sadie Sink Is [SPOILER]. How Her Role Sets Up Marvel’s Next Reboot

    ‘Spider-Man: Brand New Day’: Sadie Sink Is [SPOILER]. How Her Role Sets Up Marvel’s Next Reboot

    SPOILER ALERT: This article contains major spoilers for “Spider-Man: Brand New Day,’ now playing in theaters.

    After months of speculation about who Sadie Sink is playing in “Spider-Man: Brand New Day,” the movie has finally hit theaters and Spidey fans can see for themselves which comic-book character she’s bringing to life

    As many people predicted, the red-headed “Stranger Things” star is in fact playing Jean Grey, one of the original members of the X-Men. We’ll no doubt be seeing her in the MCU’s planned “X-Men” movie, though no details on its cast or release have been announced.

    Sink’s identity is shrouded in mystery as “Brand New Day” begins, and her face isn’t revealed until roughly halfway through the film. Tom Holland’s Spider-Man begins investigating a new villain on the loose in New York City who has the power to possess bystanders’ bodies (as long as they’re less than 33 feet away). She uses her abilities to “jump” between between people’s minds and attempt to break into the headquarters for the Department of Damage Control. The organization, which is responsible for cleaning up the messes after superhero battles, has something that Jean wants locked inside a vault.

    After a failed break-in attempt using a possessed Scorpion (Michael Mando), Sink turns to a stronger, larger and greener wrecking ball to get inside of Damage Control: the Hulk. She takes control of Mark Ruffalo’s Bruce Banner and removes the inhibitor device that prevents him from turning into the Hulk. Spider-Man teams up with Jon Bernthal’s Punisher to take down the green giant and stop the him from destroying the Damage Control skyscraper entirely. Jean manages to break into the secret vault, but she’s tranquilized and apprehended by Tramell Tillman’s Damage Control CEO Bill Metzger.

    It’s here that Damage Control is revealed as the real villainous organization in the movie. Metzger and his team hold Jean hostage and run tests on her to understand how her psychic powers work. A flashback reveals that Jean had an older sister named Sara who could also possess people’s minds. One day in the park, Sara gets abducted by Damage Control officers, and she possesses Jean’s mind to run away and save her younger sister. When Jean is imprisoned, she realizes she’s locked in the same cell that was used to hold Sara, who had died while being tested on by Damage Control. Jean overpowers their restraints and creates a gigantic psychic bubble that freezes in place nearly everyone in New York City.

    Spider-Man is the only person who can overcome Jean’s psychic powers, and he’s able to reason with her to drop her vendetta against Damage Control. While Jean probes Spidey’s mind and lives through a tender memory he has of his late Aunt May (Marisa Tomei), Punisher is miles away lining up a sniper rifle to take out the mutant threat. As he fires the bullet, Spider-Man pushes Jean out of the way at the last second, but is hit by the gunshot himself. A devastated Punisher rescues Spider-Man and brings him to a hospital, where he eventually recovers; Jean had been using her powers to keep the hero alive, but she leaves before Spidey can say goodbye.

    In the final moments of the movie, Jean is seen riding a bus out of the city. Could she be heading upstate to the Xavier School for Gifted Youngsters? The famous mutant school is located in Westchester, and the fall foliage suggests school may be in session soon. There aren’t any references to the X-Men or other mutants in “Brand New Day,” but it seems clear that this isn’t the last we’ll see of Sink. It also seems like Damage Control may be morphed into a more evil corporation that’s anti-mutant in the future.

    The “Stranger Things” breakout star is the third actor to take on the famous telekinetic mutant in live-action. In Fox’s previous “X-Men” movies, Jean had been played by Famke Janssen in the original film trilogy Then in the prequel series, “Game of Thrones” star Sophie Turner had taken on a younger version of the mutant. 

    Now, it seems that Sink will be part of the next generation of X-Men in the MCU. We’ve seen several “X-Men” actors reprise their Fox roles, like Hugh Jackman as Wolverine, Ryan Reynolds as Deadpool, Patrick Stewart as Prof. Charles Xavier and Kelsey Grammer as Beast. In “Doomsday,” Stewart and Grammer will be joined by James Marsden as Cyclops, Ian McKellen as Magneto, Rebecca Romijn as Mystique, Alan Cumming as Nightcrawler and Channing Tatum as Gambit. After living in their own X-universe, the stars will be thrust into the MCU, joining forces with the Avengers and Fantastic Four to take on Robert Downey Jr.’s Doctor Doom. With Sink’s casting, it seems like the MCU is prepping a new, younger cast of X-Men to join their sprawling universe of heroes.

  • Sticky Inflation and Strong Jobs Data Challenge Crypto’s Rate-Cut Narrative

    Sticky Inflation and Strong Jobs Data Challenge Crypto’s Rate-Cut Narrative

    The numbers keep refusing to cooperate with the narrative crypto traders want. The latest U.S. economic releases—weekly jobless claims at 197,000 for the week ending July 25, and June’s core PCE inflation reading of 3.3% year-over-year—signal that the labor market remains tight and price pressures are not fading fast. The data, covered in the original report, landed below the expected 200,000 claims and matched inflation forecasts, yet the combination leaves little room for the aggressive rate cuts that many digital-asset investors had penciled in for late 2026.

    Bitcoin and ether have spent the year so far responding decisively to every shift in Fed expectations. When soft data appeared, crypto jumped. When hawkish rhetoric returned, rallies stalled. This dynamic is not new, but it is becoming more unpredictable because the macro picture refuses to settle. Today’s print doesn’t collapse the soft-landing thesis, but it certainly keeps the pressure on markets that had started to anticipate easing as a near certainty.

    What the Data Actually Says

    Initial claims came in at 197,000, below the consensus 200,000, and the prior week’s reading was revised up only slightly to 188,000. That level of claims is low enough to suggest employers are still holding onto workers. No layoff wave is building. Meanwhile, the core personal consumption expenditures index—the Fed’s preferred inflation gauge—rose 3.3% year-over-year in June, in line with expectations but only a marginal improvement from 3.4% the previous month. The progress is slow.

    For crypto market structure, this matters because it directly shapes the cost of capital. If the Fed keeps rates elevated longer, the dollar remains strong and liquidity stays tighter. That environment historically doesn’t favor speculative assets that rely on cheap leverage. Yet the crypto market has not responded as a monolith this year. Some sectors have detached from the macro correlation entirely, while others remain tethered to it.

    The Fed Is Not in a Hurry, and That’s a Problem for Leverage

    The central bank’s communication has been consistent: it needs sustained evidence that inflation is moving toward 2% before cutting. A core PCE reading of 3.3% doesn’t offer that evidence. With the labor market still absorbing workers, there is no urgency. That leaves rate-sensitive crypto strategies—especially those relying on borrowed stablecoins or leveraged futures—exposed if the time horizon for cuts extends into 2027. We are already seeing a repricing across DeFi lending protocols where utilization rates reflect cautious positioning.

    At the same time, the regulatory backdrop adds another layer. While macro data dominates day-to-day price action, structural developments in Washington are creating parallel narratives. Major legislation working through the Senate could redefine how institutions interact with digital assets, potentially offsetting some of the macro headwinds if a clearer framework emerges. Still, bill text doesn’t move markets the way a CPI print does.

    Which Parts of Crypto Are Ignoring the Noise

    Not every token is suffering. Weekly gainers show that idiosyncratic catalysts still carry weight. Tokens like TON and SIREN posted notable rallies driven by network-specific news rather than macro flow. The divergence suggests that while macro sets the broad environment, on-chain and protocol-level developments can still overpower it for short stretches. This fragmentation is increasingly the story of 2026: a market where Bitcoin and ether trade like macro assets, but the rest of the space moves on its own clock.

    Real-world asset tokenization is another area that continues to expand regardless of Fed timing. A recent weekly roundup showed RWA totals crossing $20 billion on-chain, with major institutional deals closing. That growth is being driven by settlement efficiency and yield demand, not by rate-cut speculation. It’s a reminder that crypto’s infrastructure layer is maturing in ways that don’t require a dovish Fed to keep building.

    What Remains Uncertain

    The biggest open question isn’t whether inflation will decline further—it almost certainly will, but at an agonizing pace. The uncertainty is whether risk assets can sustain their current valuations if the market begins to price out cuts for the next 12 months. Crypto has already shown it can trade sideways for extended periods, but sentiment can shift quickly when the macro story changes. The next few PCE prints will be critical, and traders are now likely to return to>For now, the message is clear. The U.S. economy isn’t cooling fast enough to justify the kind of monetary loosening that had become the base case for many crypto participants. That doesn’t make the trade broken, but it does mean that positioning for a rapid pivot is riskier than it seemed a month ago. Attention now turns to the Fed’s next meeting and whether officials see this data as a temporary plateau or a sign that the final mile of inflation fighting will take longer than anyone hoped.

  • ‘Stuart Fails to Save the Universe’ Producers on Episode 2’s Surprise Kaley Cuoco Cameo As an Alternate Penny

    ‘Stuart Fails to Save the Universe’ Producers on Episode 2’s Surprise Kaley Cuoco Cameo As an Alternate Penny

    SPOILER ALERT: This story contains spoilers from “Stuart Fails to Save the Universe” Season 1 Episode 2, now streaming on HBO Max.

    “Stuart Fails to Save the Universe” Episode 2 was chock full of cameos and guest stars — but saved the biggest one, at least for “The Big Bang Theory” fans, until near the end of the episode: The return of Kaley Cuoco as Penny. But a very different Penny.

    In the episode, “Spoiler: Zack’s In This One,” Stuart (Kevin Sussman), Kripke (John Ross Bowie) and Bert (Brian Posehn) land in a much less apocalyptic Pasadena than the one they just escaped — and in this world, Kripke is no longer a vicious ruler (he plays off killing Raj in the previous world: “There are two possibilities. One, the world we were just in no longer exists. In which case I did not kill Raj. Two, that world and this world are part of an infinite number of worlds, in which case I killed one in an infinite number of Rajes. Mathematically, a rounding error.”)

    But in the happy-go-lucky, peaceful new universe they land in, things aren’t as cracked up as they seem: The characters all have a device planted on the back of their necks, sending them an electric shock whenever they argue or get angry. And for this crew, with Stuart and Kripke going at it, that’s a lot.

    colin remas brown

    Denise (Lauren Lapkus) didn’t make the trip through the wormhole with them, so Stuart goes looking for her — and finds her with her new beau, Gary (Tommy Walker). Meanwhile, hoping to find Sheldon and Leonard to get some answers, Kripke and Bert head to Caltech, where they find an extremely unhelpful receptionist (Riki Lindhome, who originally played Dr. Ramona Nowitzki on “The Big Bang Theory”).

    The receptionist angers Kripke and Bert so much that they are picked up by the police — along with Stuart, who had also been arrested. They’re sent to a reprogramming facility, where they watch a video hosted by Christine Baranski, playing herself. (On “The Big Bang Theory,” Baranski played Leonard’s mother, Dr. Beverly Hofstadter.)

    After thirty months of rehabilitation, the trio are finally released — and immediately kidnapped by a resistance group. That organization meets inside a warehouse, where we discover it’s led by. Penny (played by Cuoco). But this isn’t the Penny we remember from “The Big Bang Theory.” This one is a badass soldier/leader, who can’t stop slapping Stuart, Kripke and Bert. Denise is there too, as is Penny’s ex-boyfriend Zack (Brian Thomas Smith).

    “A big part of it was offering them a challenge to do something entirely different,” co-creator and executive producer Chuck Lorre says of bringing back some of the original “The Big Bang Theory” cast members in new versions of their characters. “As you’ve seen in Episode 2, Kaley’s not playing the server in the Cheesecake Factory. It’s still Penny, and now she’s a badass guerrilla leader. That was part of the design from the very beginning. In a multiverse environment, these characters could recur as themselves, but with an entirely different backstory.”

    On “The Big Bang Theory,” which ran from 2007 to 2019, Penny moves into an apartment next door to Leonard (Johnny Galecki) and Sheldon (Jim Parsons); as the series progressed, Penny and Leonard became a couple and eventually married.

    At the end of Episode 2 of “Stuart Fails,” Penny’s secret hideout is discovered by the authoritarian bots that control human emotions, and just in time Stuart, Denise, Kripke and Bert fire up the Leonard, Sheldon and Howard quantum interference device that takes them to another universe: And next episode, it looks like things get a little magic.

  • Coinbase Misses on Q2 Earnings as Crypto Trading Activity Slows

    Coinbase Misses on Q2 Earnings as Crypto Trading Activity Slows

    In brief

    • Coinbase reported $1.22 billion in second-quarter revenue, and a net loss of $359 million, against an expected $1.29 billion in earnings.
    • Subscription and services revenue totaled $555 million, or 48% of net revenue.
    • Coinbase said its crypto trading market share reached a record 10.3% during the quarter.

    Coinbase reported $1.22 billion in second-quarter revenue on Thursday, down 14% from the previous quarter, and a net loss of $359 million.

    Coinbase shares fell sharply in after-hours trading, losing roughly 5% of its stock price, after missing on earnings estimates for the quarter. The company was expected to bring in $1.29 billion in Q2.

    According to Coinbase, total crypto spot trading volume declined more than 20% from the previous quarter as crypto asset prices fell and market volatility reached multi-year lows. Transaction revenue totaled $599 million—lower than the expected $628 million.

    Subscription and services revenue totaled $555 million, representing 48% of net revenue. Coinbase said the figure was below its previously forecast range of $565 million to $645 million because certain USDC-related commercial agreements closed later than expected and lower crypto asset prices reduced staking revenue.

    Stablecoin revenue totaled $292 million. Average USDC held across Coinbase products reached a record $20 billion during the quarter, representing more than 30% of USDC in circulation at quarter-end. Coinbase also said 88% of net revenue came from sources other than Bitcoin spot trading, compared with 45% in the second quarter of 2020.

    Coinbase said its crypto trading market share reached a record 10.3% during the quarter, its third consecutive quarter of market share gains. The company said it gained share in both spot and derivatives trading.

    In a bright spot for the company, prediction markets contracts and revenue grew 106% from the previous quarter and exceeded a $100 million quarterly annualized net revenue run rate, according to Coinbase. Average Borrow/Lend balances increased by more than $1 billion from a year earlier to $1.49 billion. The company also said the conditions for its commercial agreement with Circle to renew in August automatically had been met.

    The earnings report follows a busy second quarter for Coinbase.

    In May, the company became the first U.S. crypto exchange cleared to offer customers access to offshore crypto perpetual futures through its Deribit subsidiary. In June, Coinbase launched Coinbase for Agents, a platform that lets AI agents trade crypto, make payments and manage portfolios on users’ behalf. Later that month, the company announced plans to launch tokenized stock trading, crypto and equities options, along with new lending and rewards products.

    Coinbase ended the quarter with $8.6 billion in cash and cash equivalents and $10 billion in total available resources. During the quarter, the company repurchased 814,000 Class A shares. Year to date, it has repurchased nearly 7 million shares for $1.2 billion, leaving about $2 billion remaining under its share repurchase authorization.

    For the third quarter, Coinbase said transaction revenue totaled approximately $130 million through July 26. The company expects subscription and services revenue between $500 million and $580 million and adjusted expenses between $980 million and $1.08 billion.

    Despite the weaker-than-expected earnings report, Coinbase CEO Brian Armstrong remained optimistic about the future of the company.

    “Coinbase is no longer a bet just on the price of Bitcoin,” he said during the earnings presentation. “All of financial services are getting updated by crypto technology, whether that’s trading or payments or lending. And Coinbase is the best-positioned company in the world to power this. And of course, this next frontier is going to be agentic finance, where we’re an early leader.”

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  • Coinbase services push fails to offset Q2 trading slump

    Coinbase services push fails to offset Q2 trading slump

    Coinbase (NASDAQ: COIN) exchange posted $1.2 billion in second-quarter revenue for the period ended June 30, below the $1.3 billion analysts expected in an LSEG (LSE: LSEG) survey. Its loss reached $1.36 per share, far worse than the 17-cent loss Wall Street had penciled in. The company’s stock was immediately sold off following this news, resulting in more than a 7% decline after hours.

    The quarter was the company’s third straight miss on both sales and profit forecasts. Coinbase lost $359.5 million, compared with a $1.43 billion profit one year earlier. Earnings went from $5.14 per share last year to a $1.36 loss this time. Revenue also fell from $1.5 billion to $1.2 billion.

    Coinbase builds subscription products while weak trading keeps hurting revenue

    Bitcoin spent much of the second quarter stuck inside a narrow price band, as the market was healthier than it had been during the first quarter, but spot bitcoin ETFs faced a long run of withdrawals.

    Coinbase then saw reduced action in the two largest areas of its operations, as the company earned $599 million from transaction revenue and earned another $555 million through subscriptions and services.

    All of these figures fell below estimates and were lower compared to the previous year. The share of subscriptions remained larger compared to the total amount of revenues. For a number of years now, Coinbase has been seeking to reduce its dependency on trading commissions.

    Revenue from stablecoins totaled $292 million, a decrease of $17 million compared to the same quarter in 2025. The expectation from StreetAccount was for $327.2 million. The disappointment resulted from management’s continued emphasis on services such as $USDC, Coinbase One, Base, and others outside spot trading.

    Coinbase CEO Brian Armstrong said Coinbase reached a new record for its share of crypto trading and argued that the company can operate through any market. In the earnings release, he said, “Coinbase is no longer a bet just on the price of bitcoin.” Brian added, “All of financial services are getting updated by crypto, whether that’s trading or payments or lending,” and called Coinbase the best-placed company to supply that infrastructure.

    During the earnings call, Brian Jung of Jung Media asked why Coinbase appeared to be reconnecting with retail and crypto-native users after Brian appeared on Market Bubble and Cobie took control of the Base App.

    Coinbase’s Brian said, “Yeah, so we have lots of different groups that like to use Coinbase, and build on top of the Base Chain is even probably a broader group. And so, you know, we try to make an effort to connect with all of them. It’s really a pretty diverse group of people that use Coinbase, right? There’s the largest, like, GSIB banks in the world are building on our infrastructure.”

    Brian and Alesia detail how Coinbase plans to serve AI agents and grow $USDC

    Austin Hankwitz of Grit Capital asked whether AI agents would care about Coinbase’s reputation or simply choose the cheapest and fastest network. He noted that more than 90% of agent-driven stablecoin transaction volume settles on Base. Brian said price would matter, but not by itself. “AI agents are probably going to care about a similar set of things that humans would,” he said.

    As Brian put it, Base provides settlements for less than a cent within less than a second. Additionally, Brian noted that automated clients will require other factors, such as security, liquidity, legality, reliability, and uptime. He compared that choice with selecting Amazon’s (NASDAQ: AMZN) AWS for cloud infrastructure. “Trust will continue to be important in that world,” he said, adding that Coinbase plans to welcome AI agents as customers.

    Eric Pan of Ericnomics asked where Coinbase expects growth now that bitcoin-linked transaction revenue has fallen from more than half of company sales to 12%.

    Brian said, “At any given time in trading, there’s always something that’s up and something that’s down. That’s part of the Everything Exchange strategy. You’ve got to have all the shelves stocked so you have the inventory when that thing trends that week. And then on the non-trading fee side with subscription and services, we’ve seen good growth of that over the past years as well.”

    Coinbase wants enough products available so customers can trade whatever becomes popular at a given time. He said the wider menu should spread trading-fee income across more assets and products. Subscription and service fees, meanwhile, are meant to make company revenue easier to forecast.

    Chief Financial Officer Alesia Haas said paid Coinbase One memberships reached a record during the quarter, even as crypto trading volume fell. “We saw an all-time high in paid Coinbase One subscribers this quarter,” she said. Alesia said those members tend to use more of the platform’s products, giving Coinbase another way to increase customer activity without depending only on trading.

    Ken Worthing of JPMorgan Chase (NYSE: JPM) asked whether Coinbase’s deal with Hyperliquid gives large $USDC holders too much of the stablecoin’s economics.

    Alesia said institutions can hold $USDC on Coinbase and earn rewards, while retail users can do the same through Coinbase One. She said Hyperliquid was treated like any other customer, though its role in perpetual futures and market-making made the relationship important.

    Alesia said Coinbase was willing to share revenue because placing $USDC deeper inside Hyperliquid could increase liquidity, usage, and adoption across the wider network.

    Brian said the company would keep funding that push. He said $USDC already ranks first for stablecoin transaction volume and first among regulated stablecoins, but remains second to Tether by market value when less-regulated products are included.

  • ‘Spider-Man: Brand New Day’ Credits Scene Explained: Will Tom Holland Return in ‘Avengers: Doomsday’ or ‘Secret Wars’?

    ‘Spider-Man: Brand New Day’ Credits Scene Explained: Will Tom Holland Return in ‘Avengers: Doomsday’ or ‘Secret Wars’?

    SPOILER ALERT: This article contains major spoilers for “Spider-Man: Brand New Day,” now playing in theaters.

    Where in the world is Spider-Man going next?

    After saving New York City in “Brand New Day,” Tom Holland‘s friendly neighborhood Spider-Man looks like he’s heading off-world once again. The post-credits scene in the latest Sony and Marvel movie revealed that the hero will return to the MCU and seems to be leaving Earth in his next appearance.

    First, like many fans have theorized for months, Sadie Sink is playing X-Men member Jean Grey in “Spider-Man: Brand New Day.” She’s the primary antagonist in the movie, though it’s later revealed that the Department of Damage Control kidnapped and killed her older sister Sara. Once he realizes the cause of Jean’s Damage Control crusade, Spider-Man convinces her to release the psychic bubble she creates that freezes nearly every New Yorker at the end of the movie. He also saves her from getting shot by Jon Bernthal’s Punisher and gets hit by the sniper rifle bullet himself. At the end of the movie, Spidey recuperates, and Jean heads out of town (and possibly to Xavier’s School for Gifted Youngsters upstate).

    In the final moments of the movie, Holland’s Peter Parker runs into his former best friend Ned (Jacob Batalon) at a cafe. Due to Doctor Strange’s spell at the end of “No Way Home,” the world has forgotten who Peter is, so Ned only recognizes the stranger after he crashed his house party earlier in the movie. With nothing to lose, Peter reintroduces himself to Ned and they perform their secret handshake without missing a beat. All of a sudden, Ned seems to regain his memories of Peter just as the film ends. Does that mean Zendaya’s MJ could also remember Peter? Could true love’s kiss actually reawaken her love for him?

    Earlier in the movie, it’s also revealed that Ned has created a Spidey-tracking app that he uses to follow the hero’s location. During the post-credits scene, the app reappears as it attempts to pinpoint where the wall-crawler is. However, the Spidey Tracker starts to zoom out so far that it’s clear Spider-Man isn’t in New York City or even on Earth. The app locates the hero out in space, and then the movie announces that “Spider-Man will return” — but it’s unclear when or how.

    Currently, Holland isn’t on the call sheet for the sprawling cast of “Avengers: Doomsday.” The team-up film brings together many of the A-listers on the Avengers, Fantastic Four, X-Men and Thunderbolts teams, but no Holland. However, that doesn’t count out a surprise appearance or cameo from the web-slinger, especially considering the entire MCU is coming together to battle Robert Downey Jr.’s evil mastermind Doctor Doom.

    If Holland doesn’t reappear in “Doomsday,” then the post-credits scene could point to a role in “Avengers: Secret Wars,” the follow-up scheduled for next year. If the movie follows the comic run of the same name, it could bring together every hero from across the MCU multiverse into one dimension called Battleworld. In the comics, Battleworld stitched together all the different worlds and plopped every hero and their variant into one new universe. If the MCU followed suit, that could be the reason the Avengers, Fantastic Four and X-Men are eventually able to share one universe. Could that also bring together past Spider-Man stars Tobey Maguire and Andrew Garfield, who crossed over into “No Way Home”? Fans will have to wait and see in “Secret Wars,” but that could be how Holland lands his next MCU appearance.