Peter Thiel-backed Bullish posts $280 million Q2 net loss as digital asset sales fall 44%
Peter Thiel-backed crypto exchange Bullish reported a $280 million Q2 net loss as digital asset sales fell 44% and adjusted revenue rose 62%.
The Block
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South Korea sentences Delio CEO to 15 years in prison for $50 million crypto fraud: report
The sentence is shorter than the 20-year term that prosecutors sought, as the judge acquitted Jeong of a primary charge.
Bitwise CIO sees market repricing as crypto embraces ‘revenue fever’
Bitwise CIO sees crypto valuations doubling as decentralized finance apps and protocols adopt revenue-driven token buybacks.
Mirae Asset to inject additional $35 million into Korbit crypto exchange following July acquisition: report
Mirae Asset completed the acquisition of Korbit in July, acquiring 97.15% of the company for roughly $91.5 million.
Blockchain Association backs Custodia’s Supreme Court bid over Fed master account access
The industry group said the case is about ensuring 'lawful digital asset businesses can compete on equal footing.'
BitGo sees revenue jump 80% to $4.3 billion in Q2 but posts net loss
The firm recorded a net loss of $19 million in Q2, compared with net income of $38.3 million in the same period last year.
Hyperliquid treasury Hyperion triples quarterly profits as HYPE holdings rise in value
The company's HYPE holdings increased to $133 million during the second quarter, up from $71 million at the end of Q1.
SEC clears Franklin Templeton funds to use onchain BENJI system for cash management
Franklin Templeton received a no-action letter from the SEC enabling its traditional registered funds to invest in its BENJI/FOBXX fund.
Ethereum staking climbs to 34% as proposal targets validator rewards and ETH treasury firm yields
Researchers recently filed EIP-8361, a "tapered issuance burn" that destroys a growing share of validator rewards as the staking ratio rises.
Trump sued over Truth Social’s early-access feed as firm explores licensing data to prediction markets
A new lawsuit alleges Trump’s paid Truth Social feed unconstitutionally restricts access to official posts.
Polymarket taps ex-Uber and Bird exec Travis VanderZanden to boost growth
Polymarket has hired the Bird, Uber and Lyft blitzscaling veteran Travis VanderZanden as chief growth officer.
Goldman Sachs to gain bitcoin and ETH income ETFs in up to $2.25 billion Neos acquisition
Neos Investments offers the Bitcoin High Income ETF, Boosted Bitcoin High Income ETF and Ethereum High Income ETF.