Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. DowDuPont (DWDP) downgraded to Neutral from Overweight at JPMorgan and to Hold from Buy at DZ Bank. 2. Eldorado Gold (EGO) downgraded to Underperformer from Neutral at CIBC. 3. Parker-Hannifin (PH) downgraded to Hold from Buy at Stifel and Vertical Research. 4. PayPal (PYPL) downgraded to Neutral from Overweight at Atlantic Equities. 5. Vedanta (VEDL) downgraded to Sell from Buy at CLSA and to Neutral from Buy at Goldman Sachs and BofA/Merrill. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

DMG Blockchain Solutions (DMGGF) announced a strategic collaboration with PayPal (PYPL) and Energy Web to explore ways to decarbonize the Bitcoin blockchain. The companies are working together on developing methods for transacting on the Bitcoin network which would expand its use as a carbon neutral payment rail, thus advancing its application. DMG, Energy Web, and PayPal are working together to publish a research paper, which we collectively believe will benefit users of the Bitcoin network who would like to take advantage of carbon neutral options in their transactions. PayPal, with its focus on developing its bitcoin payment rail, has been a leader in new payment technologies with the introduction of its enhanced services by integrating blockchain technology, launching the PayPal USD stablecoin with Paxos Trust Company in August 2023 for efficient transactions.