Coinbase Shares Drop 5% After Q2 Revenue Misses Estimates

Strategy Reports $8.2B Q2 Loss Amid Bitcoin Price Decline

Strategy, the world's largest corporate bitcoin holder, has recorded an $8.2 billion loss in the second quarter, attributed to a decline in bitcoin's price. The company has addressed investor concerns over its expanding preferred securities by building a cash reserve sufficient to cover more than two years of dividend payments. The move signals an effort by Strategy to reassure shareholders about its financial stability despite the significant quarterly loss. The results highlight the risks corporate entities face when holding large concentrations of volatile cryptocurrency assets.

28 Major Banks Complete Live Blockchain Cross-Border Payment Test in BIS Pilot

Twenty-eight global banks, including JPMorgan, Citi, and UBS, participated in a live pilot program testing blockchain-based cross-border payment settlement. The experiment, coordinated by the Bank for International Settlements, involved the movement of real money across borders using tokenized funds. The $1 million pilot marks a significant step toward validating distributed ledger technology for international banking transactions. The test aimed to assess whether tokenized money could streamline and modernize the traditionally slow and complex cross-border payments infrastructure.

Ondo Finance eyes acquisition deal valued between $250M and $500M

Tokenized-assets firm Ondo Finance is evaluating a potential acquisition deal worth between $250 million and $500 million. The move comes as consolidation activity continues to accelerate across the broader crypto infrastructure sector. No specific acquisition target has been publicly identified at this stage. The consideration signals growing ambition from Ondo Finance to expand its footprint in the tokenized-assets space.

Crypto for Advisors: Is the Clarity Act dead?