Category: crypto

FG Nexus sold all digital assets before June 30, ending its Ethereum treasury strategy. The company incurred a $45.207 million loss from digital asset operations in the first half of 2026. Management plans to redirect capital towards manufactured housing. The company aims to turn liquidity into income-producing property assets.

Gemini Space Station reported a $107.7 million net loss for the second quarter, marking its fourth consecutive quarterly loss since its IPO in 2025. Despite a 37% increase in revenue, the exchange’s core spot trading business weakened, with total volume falling to $3.8 billion. The company is focusing on diversifying revenue streams and cutting operating…

JPMorgan Chase ended its banking relationship with Polymarket in October 2025 due to regulatory concerns, directing the company to find another bank. However, Polymarket maintains other commercial relationships with JPMorgan entities. Polymarket is seeking funding of $1 billion at a valuation exceeding $20 billion and faces ongoing regulatory scrutiny.

Bitwise Asset Management has partnered with Superstate to develop a system that will allow investors to hold shares of certain Bitwise funds as blockchain-based tokens. The Solana staking ETF is expected to be the first fund considered for tokenization, although the launch is not guaranteed. Shareholders will have the option to choose between traditional book…

Baltimore has sued Kalshi and Polymarket for unlicensed sports betting, with Coinbase, Robinhood, and Webull also named in the case for distributing sports event contracts without required licenses. Baltimore alleges that these platforms operate like sportsbooks without proper state licenses and consumer protections, seeking penalties, customer restitution, and a block on unauthorized sports betting.

The U.S. Securities and Exchange Commission cancelled its open meeting on Regulation Crypto on August 14, delaying a vote on proposed rules for certain crypto asset offerings. The meeting was cancelled due to an unforeseen scheduling issue, with no new date set. The proposal remains in the rulemaking pipeline.

Solana is planning to replace TowerBFT with Alpenglow, aiming for roughly 150 millisecond finality, down from 12.8 seconds. The activation is now targeted for October, not September. Alpenglow is being tested in Agave 4.2 and Anza is offering a security competition before the mainnet activation.

NUSD supply has dropped by 76% from $226 million in February to $53.6 million due to undisclosed reserve issues. Neutrl has paused minting and redemptions to assess the situation, affecting 615 holders and 347 active addresses. Similar issues occurred with MSUSD in June, highlighting liquidity concerns in the DeFi market.

A Hyperliquid user lost $550,000 in USDC after falling for a phishing website promoted through a Google search ad. The attacker’s addresses were identified, and Google suspended the advertiser. Similar scams have targeted cryptocurrency users before. Investigations are ongoing, but no law enforcement action has been announced yet.

The Wall Street Journal seeks dismissal of Binance’s defamation lawsuit over reports alleging compliance issues and transactions with sanctioned Iranian entities. Binance claims false implications led to investigator firings, while the Journal argues lack of actual malice. Judge Engelmayer questions 22 statements and takes motion under submission, with Binance arguing defamation.