Tether, the issuer of the world’s largest stablecoin USDT, reported $1.5 billion in net operating profit for the second quarter of 2026, as returns from its U.S. Treasury portfolio continued to power earnings despite declines in the value of its Bitcoin and gold holdings. According to the company’s latest quarterly attestation, verified by BDO, Tether
New York has filed a sweeping lawsuit against prediction market platform Kalshi, accusing the company of operating an illegal gambling business and seeking penalties that could total at least $36 billion. The lawsuit, filed on July 31 by New York Attorney General Letitia James and backed by Governor Kathy Hochul, argues that Kalshi has been
Aave, the world’s largest decentralized lending protocol, is preparing to streamline its multi-chain footprint by retiring six blockchain deployments and dozens of underutilized asset markets. The proposal, currently under governance review, is part of a broader effort to cut operating costs, reduce risk, and focus resources on networks with stronger user activity. If approved by
Strategy (NASDAQ: MSTR) reported an $8.22 billion net loss for the second quarter of 2026 after a decline in Bitcoin prices sharply reduced the reported value of its digital asset holdings under fair-value accounting rules. The results highlight how closely the company’s financial performance is now tied to cryptocurrency market movements, even as management continues
The U.S. Securities and Exchange Commission (SEC) is prepared to move ahead with its own cryptocurrency regulatory framework if Congress fails to pass the Digital Asset Market Clarity (CLARITY) Act, according to SEC Chair Paul Atkins. Speaking with CNBC, Atkins said the agency is “ready, willing, and able“ to issue rules covering many of the
MoonPay has unveiled PayBox, a new AI-native payment vault that enables ChatGPT and Claude users to securely execute cryptocurrency transactions, interact with decentralized finance (DeFi) protocols, and even make real-world purchases without leaving the conversation. The company says the product is designed to transform AI assistants from tools that provide recommendations into agents capable of
Galaxy said on July 28 that it has acquired approximately 500 acres of land in McGregor, McLennan County, Texas, under a development agreement with the City of McGregor, to build and operate a data center campus serving artificial intelligence and high-performance computing in the McGregor Industrial Park. This marks Galaxy’s second major data center investment
The U.S. Senate has temporarily shelved the Digital Asset Market Clarity (CLARITY) Act as lawmakers prioritize a Russia sanctions package and a backlog of federal nominations, delaying one of the cryptocurrency industry’s most closely watched legislative efforts. The shift further reduces the time available for Congress to pass comprehensive crypto market structure legislation before lawmakers
Coinbase is looking to transform its Canadian business from a cryptocurrency trading platform into a comprehensive digital finance hub, but the company says regulatory modernization will be essential before that vision can become reality. Rather than offering only crypto trading, Coinbase wants to build what it calls an “Everything Exchange”—a single platform where users can
Strategy’s unprecedented five-week pause in Bitcoin accumulation has reignited debate over whether the world’s largest corporate Bitcoin holder is quietly changing course. After years of relentlessly issuing shares and debt to buy more BTC, the company has now gone 35 consecutive days without disclosing a purchase—its longest confirmed accumulation drought in nearly two years. While