Block’s Bitcoin Ecosystem gross profit fell 31% year over year to $72 million in the second quarter, making it the only category in the company’s three-part gross-profit breakdown to contract while Block’s total gross profit rose 25% to $3.166 billion. Commerce Enablement gross profit rose 18%, while Financial Solutions gross profit increased 43%. Related Reading…
Whether XRP reaches $5 depends on one distinction. ChatGPT AI predicts institutions will start treating it as financial infrastructure rather than a speculative token, and that shift underpins a price prediction of $5 to $8 by the end of 2026 from $1.06. Regulatory clarity opens the list of catalysts. Growing institutional adoption follows, with spot…
Next Technology Holding Inc. (Nasdaq: NXTT) will turn every 100 shares into one at 12:01 a.m. ET on Aug. 10, 2026. Nasdaq trading is expected to open on a split-adjusted basis that morning. The Aug. 5 filing projects the outstanding count will fall from approximately 147,296,192 shares to approximately 1,472,962. This is the company’s second…
Three Delaware court filings reveal a battle for control of Ondo Finance after founder Nathan Allman’s death.
Analyst Crypto Patel said on August 6 that Lido DAO’s LDO token could recover more than 1,700% after falling nearly 94% from its previous all-time high. The market watcher believes LDO is sitting in a high-risk accumulation zone but warned that the token’s bearish structure remains intact until it reclaims major resistance levels. LDO Tests…
Galaxy Digital closed Q2 with an $85 million net loss even as completed Phase I capacity began contributing under its CoreWeave lease. Q3 brings the first full quarter at the guided run rate, a cleaner test of whether contracted data center income can soften Galaxy’s crypto-driven earnings swings. Galaxy Digital’s SEC-filed results tied the loss…
PEPE recorded a net exchange outflow of 4.54 trillion tokens in a single day, which was the meme coin’s largest daily outflow from exchanges since November 14, 2024. Fewer tokens on exchanges mean less immediate selling pressure. Exchange Exodus According to the latest findings by Santiment, PEPE has traded mostly sideways over the past two…
Hyperscale Data expects revenue to reach as much as $350 million in 2027, although the AI expansion consuming its Bitcoin holdings may contribute less than one-sixth of the total. In a statement this week, the company said that this projected revenue would triple the roughly $102 million generated in 2025. Its Adjusted EBITDA is projected…
Binance-affiliated entities filed a Hong Kong petition against RedotPay’s founders, alleging the payment startup used its partnership with Binance to divert more than 470,000 Binance Card customers into its own competing stablecoin card. As Bloomberg News reported, Binance claims $472.8 million in losses, built on an estimated $925 lifetime value per customer, and says RedotPay…
The world’s largest cryptocurrency exchange will conduct a major scheduled upgrade on Saturday that will pause certain trading activities. The second major statement from the firm outlined the delisting of numerous trading pairs, one even against BTC. An Upgrade and Delistings Binance revealed that it will temporarily halt US stock trading on the platform on…