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Strategy posts $8.2B Q2 loss as Bitcoin slump drives unrealized losses
The Bitcoin treasury company said it has built a $3.75 billion cash reserve to support preferred stock payouts following the launch of its BTC monetization…
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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…
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World Cup Prediction Markets Hit $20B as NFT Trading Reached $24M
The 2026 FIFA World Cup drove $20 billion in blockchain-based prediction market volume and $24 million in digital collectible trades, with more than 400,000 wallets…
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Coinbase Q2 Earnings Miss Estimates as Crypto Trading Slows
Crypto exchange Coinbase reported mixed second-quarter results on Thursday, missing Wall Street expectations on profitability as weaker trading activity weighed on results despite the company…
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Bitcoin’s (BTC) second-quarter decline leads to $8.2 billion loss
Strategy (MSTR), the world’s largest corporate bitcoin BTC$64,778.83 holder, reported Thursday an $8.2 billion second-quarter net loss after the cryptocurrency’s price decline erased billions of…
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Coinbase (COIN) sinks 5% after missing Q2 revenue estimates
In a post on X, CEO Brian Armstrong pointed to the company’s expanding businesses beyond spot trading, including stablecoins, Base and prediction markets, noting that…
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Telegram CEO Says Russia Labeled Him a Terrorist
Telegram founder Pavel Durov said Russian authorities designated him a “terrorist” after he refused government demands for mass surveillance and censorship on the messaging platform,…
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Senator Schumer Proposes Agency to Address Corruption, Including Trump’s Crypto Ventures
Senate Minority Leader Chuck Schumer introduced legislation to create a new US government agency focused entirely on addressing corruption at the federal level, noting President…
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Treasury Secretary Invokes Bitcoin Creator Satoshi Nakamoto in Plea for Clarity Act
In brief Treasury Secretary Scott Bessent called on the Senate to immediately vote on the Clarity Act. He said the bill strengthens consumer protections and…
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Researchers Tried Letting AI Do Science. It Failed
In brief Researchers tested whether frontier AI agents could independently conduct AI research. The systems completed engineering tasks but failed to produce papers worthy of…
