Bullish (BLSH), the crypto platform and parent company of CoinDesk, reported second-quarter net loss of $280 million, on Thursday, compared to $108.3 million for the equivalent period a year earlier. Adjusted earnings before interest, taxes, depreciation and amortization came in at $29.5 million, more than… Read More
Futures positioning has rebuilt to levels last seen when dogecoin traded at three times today’s price, and more than three accounts are betting on a rebound for every one betting against.
Privacy has emerged as a key barrier to bringing more financial activity onchain. Public blockchains expose transaction histories, balances and counterparties by default, a level of transparency that is difficult to reconcile with how businesses and financial institutions operate. Trading firms don’t want to reveal… Read More
Bitcoin BTC$63,691.08 barely budged on Tuesday, extending a five-week standstill as steady demand from exchange-traded funds ran into selling from miners and corporate holders. BTC slipped to around $63,500, down 0.6% over the past 24 hours. More importantly, the largest cryptocurrency remained trapped in the… Read More
Two Prime’s loan to MARA carries a fixed interest rate of 7.65% and matures in August 2028. Blume said borrowing demand has increased in recent months, with institutions tapping bitcoin holdings to finance capital expenditure while retaining exposure to the asset. The structures are also… Read More
“We view this as the first of several rulemakings the SEC will undertake to provide regulatory certainty for crypto assets after the Senate failed before the August recess to advance the Clarity Act on crypto market structure,” TD Cowen analyst Jaret Seiberg wrote in a… Read More
