Research
Earnings
BitGo made $4.3 billion in revenue last quarter, but direct costs swallowed 99.8% of it
Direct costs absorbed 99.83% of segment revenue while adjusted EBITDA stayed negative and management targeted $15 million in savings.
Research
Study finds 65,340 risky crypto addresses tied to $574 million in losses
Two newly described vectors account for about $15.7 million, while the larger estimate covers the full detected misuse corpus.
ETF
BlackRock’s Bitcoin income ETF offset less than 30% of its $1.2M crypto losses with options
The fund booked $344,849 in option gains, yet its cited NAV, Bitcoin and IBIT declines start on different dates.
Digital Asset Treasuries
Cypherpunk secures a $46M Zcash gain and turns a $4.7M operating loss into $39.4M profit
The Zcash treasury company had $7.6 million in cash as its biotech subsidiary began seeking resources for Phase 3.
Mining
Bitcoin miner HIVE’s $79M quarter runs into an $80M Swedish tax problem
Preliminary revenue reached about $79 million, yet HIVE cannot quantify the possible noncash accrual or its expected losses.
Stablecoins
Russia picks Bitcoin, Ethereum and USDT for public trading as retail faces $58,000 cap
The Bank of Russia’s proposed gate caps non-qualified residents at ₽300,000 per broker, with only Bitcoin, Ethereum, and USDT eligible.
Digital Asset Treasuries
After selling 832 BTC to clear debt, this Nasdaq-listed crypto firm is using a 1-for-50 reverse split to mask its shrinking treasury
The proposed reverse split can address the $1 bid-price rule, but it cannot replace operating cash.
Deals
As retail crypto trades collapse 73%, eToro drops $231 million to capture active US stock traders
July crypto trades fell to 1.4 million and average ticket size halved, while quarterly profit rose and eToro agreed a deal to add active US stock trading.
Hacks
Harmony weighs a full blockchain rollback after unauthorized minting floods exchanges with billions in ONE
A math flaw let attackers mint 4 billion ONE out of thin air - and 2.8 billion already reached exchanges
Staking
TON Strategy earned $15 million staking Gram while operations burned $10.6 million in cash
Fair-value gains supplied 99.1% of Q2 pre-tax profit as continuing operations used $10.6 million of cash in the first half.
Digital Asset Treasuries
Strategy’s $4.6 billion cash buffer gives it almost 3 years before Bitcoin sales create real stress
The company now treats BTC as a managed reserve for dollar obligations, testing whether sales can remain voluntary.
Investments
Bitcoin miner Bitdeer unlocks a $1B cash tap that dilutes shareholders by up to 30% to build its AI empire
The price-dependent scenario is not a forecast, but the filing creates equity capacity twice Tydal’s remaining build bill.
