Category: crypto

Strategy reported an $8.33 billion operating loss in the second quarter due to Bitcoin’s 27% decline, resulting in an $8.32 billion unrealized digital asset loss. The company’s Bitcoin holdings were valued below their acquisition cost, leading to a net loss of $8.22 billion. Strategy raised cash and reduced convertible debt to improve financial flexibility.

Coinbase reported a second-quarter loss and lower revenue, resulting in a decline in share prices during extended trading. Despite record market share and growth in stablecoins and derivatives, the company generated $1.2 billion in revenue, down from $1.5 billion the previous year. The stock faced immediate support near $152.

MoonPay has launched PayBox, a noncustodial payment vault that connects with AI assistants like ChatGPT and Claude. Users can buy, swap, bridge, or deposit crypto, as well as complete travel, dining, and retail purchases. Passkey approvals and spending limits control AI assistant actions. MoonPay supports Solana and EVM networks.

Hungary repealed its mandatory cryptocurrency validator requirement, allowing firms like CoinCash to resume services under the EU’s MiCA framework. The government removed the requirement due to disruptions in the market caused by the previous regulations. CoinCash received Hungary’s first MiCA license and plans to gradually resume crypto services.

Russia’s central bank has proposed detailed rules for cryptocurrency exchanges, digital asset depositories, and market registration ahead of the country’s regulated crypto market launch on September 1. The regulations cover capital requirements, trading procedures, digital depositories, and digital currency accounts. The Bank of Russia will maintain registers for licensed crypto market participants. Retail investors will…

Binance has disappeared from Google Play in some European Union countries due to MiCA-related compliance questions. The exchange is working on resolving the issue, with users in Spain and Latvia reporting the app missing, while it remains available in Poland. Binance is adjusting operations in response to MiCA regulations.

ARK Invest, led by Cathie Wood, purchased $40.2 million in Tesla, SpaceX, and Nvidia shares on July 28 amid a global technology sell-off affecting AI and semiconductor stocks. The firm spread Tesla purchases across four ETFs, with the largest portion bought by ARK Innovation. Additionally, ARK added exposure to Solana through ETFs.

BNY has launched a blockchain-based transfer agency platform to manage fund ownership records on the blockchain. The platform will support tokenized funds from Baillie Gifford, BlackRock, and BNY Dreyfus. This move follows BNY’s expansion into USDC services and MiCA-regulated crypto custody in Europe, aiming to modernize fund transactions and record-keeping.

XRP Ledger has activated the fixCleanup3_2_0 amendment with 85.71% support from validators. Nodes running version 3.1.0 or earlier are now blocked until they upgrade to version 3.2.0, which includes various protocol corrections. The update also renames the core server software from rippled to xrpld. The activation follows a significant increase in tokenized real-world assets on…

Traders on Polymarket have reduced the chances of the CLARITY Act passing into law in 2026 to a record low of 27% after the Senate postponed action on the bill. Senators are preparing a bipartisan ethics counteroffer, and the SEC is considering writing crypto rules if Congress fails to act.