Nakamoto Posts First Positive Adjusted Operating Income
Bitcoin operating company Nakamoto Inc. dropped its first quarterly results on Thursday, marked by a wide GAAP net loss in what the company is calling a turning point in its…
MUFG PoC to bring Japanese government bond repo transactions onchain
MUFG’s experiment plans to bring Japanese government bond repo transactions onchain to achieve 24/7 settlement, as well as improved capital and operational efficiency. Source link
Bitmine’s $257M Staking Income ‘Fills’ Operational Gaps, Share Buybacks: Analysts
Bitmine Immersion Technologies, the largest corporate Ether holder, surpassed 5 million Ether in staked tokens, which will generate an estimated $257 million in annualized revenue, according to a company announcement…
SEC allows Franklin Templeton funds to invest in onchain money fund
The SEC said it will not pursue enforcement action if Franklin Templeton’s funds start investing cash in the asset manager’s own tokenized money market fund. Source link
‘DeFi Doesn’t Exist Anymore’ Just Onchain Finance: Andre Cronje
Most decentralized finance (DeFi) protocols are no longer truly decentralized, according to Andre Cronje, founder of DeFi platform Flying Tulip and creator of Fantom Network. “I don’t think DeFi exists…
Binance bStocks passes xStocks as second-largest tokenized stock issuer
Binance bStocks became the second-largest tokenized stock issuer less than two months after launch, narrowly ahead of Kraken’s xStocks. Source link
BitGo posts $19M Q2 loss despite 80% revenue surge to $4.3B
An $18.8 million unrealized digital asset loss and weaker trading margins pushed BitGo into the red in the second quarter. Source link
Securitize falls 16% after earnings miss, tokenization revenue drops
Securitize shares fell 16% from Wednesday’s close after the tokenization platform’s $14.4 million second-quarter revenue missed Wall Street estimates. Source link
Copper US arm becomes FINRA member, SEC-registered broker-dealer
Copper Markets US will offer qualified custody, staking, financing and OTC services after securing its regulated US presence. Source link
Bitwise cuts 14% of staff while still expecting growth
Crypto companies from including Coinbase, BitGo, Robinhood, Polygon and Pump.fun have announced workforce reductions this year, citing a variety of reasons, including shifting to AI and market forces. Source link