Information

  • Jul 31, 2024

The Anatomy of a Crypto Bull Market

Analyzing previous crypto market cycles helps us understand the current one, says Kelly Ye, head of research at Decentral Park Capital.

  • Jul 31, 2024

MicroStrategy Reports Q2 Loss, Boosts Bitcoin Holdings by $11 Million

American software firm MicroStrategy released its second-quarter earnings report on Thursday, noting a net loss of $102.6 million. The company, co-founded by Bitcoin maximalist Michael Saylor, reported total revenue of $111.4 million as well as a loss of $200 million in the second quarter of 2024, compared to a loss of $26.7 million at the same time last year. The company also noted its subscription services business saw revenues of $24.1 million, a 21% year-over-year increase. In terms of its d...

  • Jul 31, 2024

Coinbase Posts $1.4 Billion in Q2 Revenue, Claims Improving ‘Regulatory Clarity’

Top American crypto exchange Coinbase today beat market estimates in its quarterly results—posting $1.4 billion in revenue and $36 million in net income. Revenue was down overall—by 11%—from the first quarter of this year as crypto prices have since taken a dip. But Coinbase said in its results that its business of allowing customers to earn interest on its USD Coin (USDC) stablecoin helped the company net bigger gains, with its balance sheet growing to $7.8 billion—an increase of $733 million f...

  • Jul 31, 2024

BlackRock's Tokenized Fund on Ethereum Pays Out $2.1 Million

The BlackRock USD Institutional Digital Liquidity (BUIDL) fund distributed more than $2 million in dividends in July, an all-time high for its monthly payouts. The tokenized fund distributed $2.12 million to investors in July, up roughly 16% from the prior month, Etherscan data shows. To date, BlackRock’s fund has paid out more than $7 million in dividends, with dividend yields increasing each month, a Securitize representative told Decrypt on Thursday. Securitize provides the tokenization platf...

  • Jul 31, 2024

Bitcoin Sinks Further as $310 Million in Longs Get Rekt

How quickly things can change in the crypto space: On Monday, Bitcoin was closing in on its all-time high again after having touched—briefly—$70,000 per coin. But now the asset is trading well below its 2021 record of $69,044—and futures traders are getting ruined. Over the past 24 hours, as Bitcoin has dropped nearly 6% to $62,753, over $316 million in long positions have been liquidated, CoinGlass data shows. That figure refers to all coins and tokens in the space that traders had bet on goin...

Popular Post