Key Takeaways Coinbase stock fell 7% in after-hours trading as Q2 adjusted net income came in at just $33M, down from $524M in Q1. Coinbase bought $222M worth of Bitcoin …
Andrew Grant
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Crypto
Robinhood Reports 45% YoY Jump In Revenue, Kraken Sees 18% Climb
by Andrew Grantby Andrew GrantRobinhood and Kraken underscore that the crypto-fintech industry is thriving despite weathering market cross-currents. Robinhood has reported total revenue of $989 million, a staggering 45% year-on-year rise and a 7% …
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Crypto
FTX Stakes $79M in ETH, Whales Are Buying, BlackRock’s ETHA Keep Growing
by Andrew Grantby Andrew GrantTL;DR FTX staked $79M ETH after withdrawing $75M, signaling renewed activity from major crypto players. BlackRock now holds 2.5% of all ETH, adding $375M more through its growing Ethereum ETF. …
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The final week of July saw the crypto market end with obvious indications of capital rotation: while larger L1s and DeFi staples moderately cooled off, micro- and mid-cap altcoins surged …
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Key Takeaways Circle will launch native USDC and CCTP v2 on Hyperliquid’s platform. The integration enables seamless USDC transfers and new DeFi use cases on Hyperliquid. Share this article Circle …
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Crypto
[LIVE] July 31 Crypto Updates – Bitcoin Holds $118K as Powell Freezes Rates Despite Trump’s Pressure: Best Crypto to Buy Now?
by Andrew Grantby Andrew GrantThe crypto market saw another tense session on Wednesday as Bitcoin briefly dumped to $115,000 before recovering hours later back to the key $118K support level: a battle that’s been …
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The broader crypto market appears to be in a consolidation phase, with Bitcoin trading rangebound near $116,000-$119,000. Volatility appears to be muted as investors digest recent gains and await new …
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Crypto
Can SOON buyback program revive the token’s price after July crash?
by Andrew Grantby Andrew GrantThe SOON Foundation has launched a $200K Token Redemption Program, offering guaranteed buybacks at $0.14 per token — an initiative aimed at restoring investor confidence after the early July market …
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Crypto
FTX and Alameda Research stake 20,736 Ethereum ahead of creditor payout
by Andrew Grantby Andrew GrantKey Takeaways FTX and Alameda Research staked 20,736 ETH valued at $79 million after recent Bybit withdrawals. The entities unstaked over 3 million Solana tokens valued at approximately $431 million …
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Crypto
Strategy Fuels Bitcoin Treasury with $2.5B “Stretch” IPO, Adds 21,021 BTC
by Andrew Grantby Andrew GrantStrategy (previously MicroStrategy) just raised another monstrous $2.52 billion through its “Stretch” IPO to stack another 21,021 BTC. That’s now a total of 628,791 BTC sitting on its corporate books. …