CleanSpark said its Q3 revenue jumped 91% year-over-year to $198.6 million while net income reached $257.4 million.
Cipher notched a Q2 net loss of $46 million as it continues to invest in its HPC infrastructure, while Hut 8 saw net income of $137.5 million.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The vast majority of trading, $1.94 billion, has taken place on centralized exchanges like Kraken, Bybit, and Gate.
"The NAV multiples (market cap divided by value of ETH held) have now also started to normalize for the ETH treasury companies," said Geoffrey Kendrick.
A Nickel Digital Asset Management survey says around 10% of S&P 500 companies will establish bitcoin treasuries at some point.
Ethereum, DeFi protocols, and platforms like Coinbase and Robinhood stand to benefit most from the policy shift, in Matt Hougan's view.
As crypto equity markets become overcrowded and illiquid, Architect bets on building a Moody's-like credit rating system to unlock new pools of institutional capital.
In its most recent earnings report, Coinbase's consumer spot trading volume declined 45% when compared to the previous quarter.
On the earnings call, Joe Burnett said Semler is avoiding "fast money" tactics like issuing stock quickly for bitcoin buys.
Billionaire Mike Novogratz's Galaxy Digital has officially told the SEC it is seeking to tokenize its own shares with the help of Superstate.
Benchmark analysts reiterated a 'buy' rating and a $421 price target on COIN shares following last week's earnings print.
Robinhood generated more than $141 billion in crypto trading volumes in 2024, driven by a post-election surge.
Figure Technology joins Grayscale, Bullish and BitGo as firms with footholds in digital assets that are seeking to launch IPOs.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The deal was led by Kingsway Capital and includes over 110 investors, including Blockchain.com and Ribbit Capital.
"From buttonwood to blockchain," the SEC's Project Crypto will bring innovation back to the U.S., analysts at Bernstein said.
Bitcoin-based funds led the outflows with $404 million, while Ethereum investment products continued their 15-week inflow streak.
The analysts estimate Circle paid more than half of the total interest income it earned from USDC reserves to Coinbase.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Bitcoin treasury company released Q2 earnings results on Thursday, showing record net income of $10 billion.
The analysts downplayed a Q2 drop in transaction revenue, highlighting a 44% jump in July activity as a more important driver.
The cost to mine a single bitcoin has nearly doubled year-over-year, following 2024's halving event and an increase in global hashrate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Robinhood's crypto trading volume rose 32% year-over-year to $28 billion, the company said in Wednesday's Q2 earnings release.
Strong Q2 results from Robinhood and Coinbase's partnership with JPMorgan highlight growing traction for digital assets, they said.
Treasury companies give large token holders the opportunity for a sophisticated exit that bypasses traditional market liquidity constraints.
Robinhood said that crypto trading volume rose 32% year-over-year to $28 billion in its second-quarter earnings report.
TradFi apologists can't imagine what a crypto-based financial system can offer, according to Bitwise CIO Matt Hougan.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.