Marathon Digital becomes 2nd largest Bitcoin holder among public companies, has not sold any BTC
The earnings call for Marathon Digital revealed a strong foundation for the coming as it looks to increase efficiency and its renewable energy mix.
Coinbase burns $546M of USD resources as it reports another quarter in the red with a 55% revenue decline
Coinbase noted that trading volume has been shifting away from the U.S. as its U.S. monthly volume was down more than 50% at the end of September compared to January.
Coinbase reports $1.10B loss in Q2 as assets on exchange slump
Coinbase reported the biggest loss ever in Q2, losing more than $1B over the past 3 months. Assets held on the exchange also fell to just $96 million.
Robinhood lays off nearly a quarter of its workforce amid crypto winter
Robinhood is getting rid of 23% of its workforce due to dipping revenues and a crypto bear market.
CoinShares posts £8.2M Q2 loss due to one-off impairment hit from Terra
This is the first time London-based Coinshares has posted a negative quarter since its market debut.
Coinbase stock posts 9 week high on rumors of better than expected earnings
COIN is up 50% since July 26 as analysts forecast better than expected results upon release of the second-quarter earnings report on August 9.
Match Group shelves Tinder Coin, Metaverse Dating after company swings to a loss in Q2
A net loss this quarter has Match re-thinking Metaverse Dating and Tinder Coin despite both being viewed as potential drivers of growth in the long-term.
MicroStrategy records $918M impairment loss in Q2, Saylor moves to new Chairman role
Despite the losses, MicroStrategy stock has outperformed Nasdaq, Gold, Silver, and even some of the biggest tech companies after its Bitcoin adoption.
Ripple’s XRP sales increased almost 40% in Q2 vs Q1
The company’s recently released Q2 market report suggests that the spike emanated as a result of increasing demand for its On-Demand Liquidity service.
Tesla has sold 75% of its Bitcoin holdings, earning $936M
Tesla revealed that its Bitcoin trade brought $936 million to its balance sheet.
BTC, ETH plummet amid US stock futures decline as investors prepare for Q1 earnings
Bitcoin, ether and other major cryptocurrencies have dropped sharply over the weekend, sending BTC below $39,000 and ether well below $3,000. Crypto is tightly correlated with general markets fearing the coming week.