by Michael
Key TakeawaysTether reported $1.5B in Q2 profit as USDT cap reached $184.6B, capturing 60% of the stablecoin market.Tether backed USDT with $115B in Treasuries and $18.8B in gold, building $4.11B in excess reserves.Tether hired KPMG for its first third-party audit,... 
by Michael
Key TakeawaysBlackrock’s IBIT led $233.13M into bitcoin ETFs, extending the recovery to 2 days.XRP ETF assets hit $1B as ether and solana gains signaled broader institutional demand.HYPE paused a 5-day outflow run at $260.44M as markets watch whether demand returns in... 
by Michael
Key TakeawaysAave plans to exit six chains and remove 71 markets covering $98.1M in deposits.Aave’s $14.5B scale shows DeFi is prioritizing revenue over low-use expansion.Aave will shift resources to larger markets and securities finance after six network exits. Aave... 
by Michael
Key TakeawaysCircle secured an NYDFS trust charter, enabling it to issue state-approved stablecoins and offer custody.The NYDFS license validates Circle’s compliance standards, securely positioning USDC in the global market.This state approval follows federal OCC... 
by Michael
Key TakeawaysStrategy now holds 843,775 BTC, up 11% at the end of Q2, per its latest earnings report.The firm sold 3,588 BTC for $216 million in early July, extending its break from “never sell.”Strategy’s USD reserve hit $3.75 billion after a $544.5 million raise,... 
by Michael
Key TakeawaysNew York sued Kalshi for running an unlicensed gambling operation disguised as a prediction market.The state alleges Kalshi bypasses taxes and illegally permits betting by users under 21 years old.New York seeks a ban on Kalshi, customer restitution, and... 
by Michael
Key TakeawaysCoinbase’s crypto trading volume market share hit a record 10.3% in Q2 2026, up from 9.1%.Coinbase posted a $359 million net loss as total revenue fell 14% to $1.2 billion.Subscription and services revenue hit a record $555 million, or 48% of Coinbase’s... 
by Michael
Bybit’s new simulator previews both Dual Asset settlement outcomes clearly. Redesigned interface reduces steps needed to compare terms and place orders. VIP-tier products with enhanced APR rates open to all users every Friday. Bybit said on Friday that it had upgraded... 
by Michael
Key TakeawaysLummis said U.S. crypto rules are “not working,” urging a Senate vote on CLARITY before August 8.Prediction markets put 2026 passage odds near 30%, down sharply from over 80% in February.The Senate needs 60 votes; Republicans hold 53, requiring at least... 
by Michael
Key TakeawaysRobinhood Chain’s daily active users surpassed Base’s on July 21, an edge it has maintained since.Robinhood Chain’s cumulative DEX volume topped $9 billion recently, driven 80% by memecoins.Base says 187.8 million x402 payments and an imminent... 
by Michael
Key TakeawaysAMRO economists argue pricing AI compute and infrastructure in dollars could trigger a new dollar loop.Dollar-pegged stablecoins could become the default programmable money for automated AI agent payments.Asian nations are urged to develop local digital... 
by Michael
Key TakeawaysSaeed Al-Marri’s Ethra Invest launched tokenized vessel SPVs to open larger container ships to smaller investors.The model bridges DeFi and law, allowing SHIP ecosystem utility while traditional courts handle physical claims.Ethra plans conservative... Translate »
