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BlackRock’s tokenized U.S. Treasury fund, BUIDL, recorded approximately $447 million in net outflows over the past 30 days, marking its steepest monthly drawdown since launch, according to data from RWA.xyz. The redemptions, concentrated in the Ethereum-based BUIDL-I share class, coincide with outflows from other major Treasury-backed products, including Superstate’s USTB and Circle’s USYC, which...
Spot Ethereum ETFs had their 20th straight day of net inflows as of July 31, the longest streak of positive flows since their debut. According to data from SoSoValue, these funds attracted a combined $17 million in net inflows on the day. This sustained momentum has pushed total inflows across the nine spot ETH ETFs to nearly $5.4 billion, significantly higher than the cumulative flows seen in...
Coinbase’s second-quarter earnings report for 2025 revealed a surprising shake-up in trading revenue distribution. Bitwise’s head of research Ryan Rasmussen pointed out that XRP contributed more revenue to the exchange than Ethereum, despite its long absence from the platform. According to the data, XRP contributed 13% of Coinbase’s Q2 earnings and 16% of its total revenue for the first half of...
Bitcoin-focused firm Strategy posted $10 billion in net income for the second quarter of 2025, its strongest financial performance to date. Bitwise CIO Matt Hougan pointed out that Strategy’s profits were nearly three times higher than Goldman Sachs, which reported $3.7 billion over the same period. Strategy also outperformed Bank of America, which earned $6.8 billion during Q2, despite having a...
VICTORIA, SEYCHELLES, August 1, 2025 – MEXC, a leading global cryptocurrency exchange, has announced the listing of Tron Inc. (NASDAQ: TRON) Stock Futures, continuing its mission to bridge traditional finance and the digital asset economy. This latest addition provides users with seamless access to one of the most dynamic U.S. public companies via crypto-based derivatives. The new TRON/USDT...
Bitcoin fell below $115,000 on August 1, reaching its lowest level since July 11 after a sustained period of volatility. The drop marked a retracement from the asset’s July 14 peak, when it hit an all-time high of $123,000. The retreat to $114,000 punctuates a 7% pullback from the July high and reflects the broader instability characterizing the crypto market’s late July performance. The early...
The developers behind Samourai Wallet pleaded guilty to a single count of conspiracy to operate an unlicensed money‑transmitting business. The plea deal secures dismissal of the parallel money laundering conspiracy charge and caps potential prison time at five years. It also includes $237 million in forfeiture and a $400,000 fine. As journalist Matthew Russell Lee reported on July 30, sentencing...
The Algorand Foundation has released a sweeping new roadmap to revive its ecosystem and push blockchain adoption into everyday life. Announced on July 31, the 2025+ roadmap is a strategic pivot meant to reassert Algorand’s relevance in a market increasingly dominated by competitors like Solana and Ethereum. According to CEO Staci Warden, the Foundation is laying the groundwork for digital...
The Philippine government has officially launched a blockchain-based system to verify government documents on the Polygon network as part of a broader initiative to modernize public services and improve trust in state-issued records, local media reported on July 31. The new platform, introduced on July 30 by the Department of Budget and Management (DBM), allows users to confirm the authenticity...
Coinbase’s stock slid 8.4% after hours on July 31 as second-quarter results fell short of Wall Street expectations, before paring some losses into late trading.  COIN closed at $377.76 and fell to $346.01 immediately after the release, and later recovered to about $354.77 as of press time. The exchange reported total revenue of $1.5 billion for the second quarter, versus a $1.59 billion consensus...