CoinDesk’s subsidiary and affiliate Bullish reported a 42.9% year-over-year drop in July buying and selling volume at the same time as its company-defined common buying and selling spread widened 72.4%. The two figures produced a derived volume-times-spread proxy that remained barely under its degree a yr earlier, so the wider spread didn’t totally counter the…
BlackRock’s spot Bitcoin and Ethereum ETFs recorded a mixed $3.5 billion internet lower from capital-share transactions within the second quarter, reversing a $13.9 billion enhance a 12 months earlier, in accordance with new SEC filings. The $17.4 billion year-over-year swing measures trust-level share creation and redemption exercise. The Aug. 6 filings for the iShares Bitcoin…
Block’s Bitcoin Ecosystem gross profit fell 31% 12 months over 12 months to $72 million within the second quarter, making it the one class within the firm’s three-part gross-profit breakdown to contract whereas Block’s total gross profit rose 25% to $3.166 billion. Commerce Enablement gross profit rose 18%, whereas Financial Solutions gross profit elevated 43%….
Circle’s reserve engine absorbed a robust second quarter. Gross USDC redemptions exceeded mints by about $4 billion, and reserve yield slipped, whereas a bigger steadiness base stored reserve revenue rising. Its greatest alternative sits exterior its reserves. Circle doubled the midpoint of its full-year different revenue outlook, which incorporates an undisclosed contribution from the ARC…
Stablecoin Development Corporation, a public firm constructed round holding and staking Sky Protocol’s SKY governance token, reported that $2.2 million of second-quarter staking income roughly matched its company-defined money working bills. The comparability used reported greenback values: SDEV obtained the rewards in SKY and bought none through the quarter, that means SDEV would want to…
Bitstamp accounted for $20 billion, or 77%, of the $26 billion decline in Robinhood’s reported crypto notional quantity from the primary to the second quarter of 2026. Volume attributed to Bitstamp fell 48%, from $42 billion within the first quarter to $22 billion within the second quarter. The Robinhood App declined 25%, from $24 billion…
Robinhood’s crypto-related transaction revenue in the fourth quarter of 2024 generated $358 million of the corporate’s $672 million in transaction-based revenue, about 53% of the whole. That focus had flipped by the second quarter of 2026, when crypto revenue fell 38% 12 months over 12 months to $100 million and accounted for simply 12.9% of…
SoFi Technologies, the digital monetary companies firm, reported 388,336 cumulative Crypto merchandise as of June 30. Meanwhile, the corporate’s Q2 submitting reported simply $1.183 million of net crypto transaction revenue. The filed earnings release lists $134 million of crypto transaction revenue and $133 million of value of crypto transaction revenue for the quarter. Their distinction…
Core Scientific, a longtime Bitcoin miner now changing websites for AI computing, reported a detrimental 56% self-mining gross margin in the second quarter as its colocation enterprise generated sharply larger profit. The firm’s Q2 results present self-mining generated $21.5 million of income in opposition to $33.7 million of price of income. That left a $12.2…
On Strategy’s May 5 earnings call, Strategy CEO Phong Le mentioned plainly that “we’ll promote Bitcoin when it is advantageous to the corporate,” with Saylor including that Strategy would “in all probability promote some Bitcoin to fund a dividend simply to inoculate the market.” Strategy held 818,334 BTC as of May 3, up 22% year-to-date,…