Strategy Reports $8.2B Q2 Loss Amid Bitcoin Price Decline

Coinbase Shares Drop 5% After Q2 Revenue Misses Estimates

Coinbase saw its stock fall 5% after the crypto exchange reported weaker-than-expected second-quarter revenue. The company posted total revenue of $1.22 billion for the quarter, falling short of analyst estimates. This marks a notable decline compared to the $1.5 billion in revenue recorded during the same period the previous year. The results reflect ongoing pressure on crypto-related businesses amid shifting market conditions.

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?