Author: John Smith

Solana Company has reported a $30.3 million second-quarter loss despite earning $2.5 million in revenue, almost entirely from staking its SOL holdings. Summary Revenue increased from $43,000 a year earlier but fell from $3.6 million in Q1. Solana Company earned 31,200 SOL in rewards and automatically restaked the tokens. A $25.4 million realized loss on digital assets weighed heavily on quarterly results. Cash fell to $3.6 million as total assets declined to $176.1 million. Solana Company said in its Aug. 14 financial release that staking contributed $2.512 million of its $2.526 million quarterly revenue, while other operations generated only $14,000.…

Africa Finance Corporation has raised 350 million Swiss francs or about $431 million, through its first digital bond, becoming the first African institution to issue such debt through a regulated exchange and central securities depository. Summary The five-year digital bond carries a coupon rate of 1.4925%. Around 90% of investor demand came from Swiss accounts. Commerzbank and Deutsche Bank arranged the transaction. AFC will use the proceeds to support infrastructure financing across Africa. AFC digital bond raises $431 million Ledger Insights reported that Africa Finance Corporation issued the five-year bond through SIX, using its SDX digital platform for clearing and…

Bithumb has reported a 21.8 billion won, or about $15.7 million, net loss for the second quarter of 2026 as revenue fell 35.8% from a year earlier. Summary Bithumb’s second-quarter revenue fell 35.8% to 86.3 billion won. The exchange swung from a 22 billion won profit to a 21.8 billion won loss. First-half revenue dropped 48.7%, while the net loss reached 108.7 billion won. Lower Korean crypto trading activity has reduced fee income across the domestic market. According to Yonhap News Agency, Bithumb moved into the red during the three months through June after recording a 22 billion won net…

The Iran conflict grounded flights, cratered Maldives tourism arrivals by double digits, and forced the Trump family’s crypto venture to shelve what was billed as the world’s first tokenized luxury hotel development. The episode exposes a structural question the real-world asset market has avoided: what happens to a token when the real world breaks? Summary World Liberty Financial and its partners postponed the MALD1 token sale, originally planned for spring 2026, after the Iran conflict disrupted air corridors serving the Maldives and cut tourist arrivals by as much as 41% in early March. The token, structured through BlackRock-backed Securitize, would…

Ireland has introduced its first national anti-money laundering strategy through 2030, placing enhanced checks on private-wallet transfers and overseas crypto firms among its main digital-asset controls. Summary Ireland’s first national AML strategy will guide financial crime policy through 2030. Crypto firms must apply enhanced checks to certain transfers involving self-hosted wallets. Ireland ended its 12-month MiCA transition period in December 2025. Gambling regulators must develop crypto source-of-funds standards by the second quarter of 2027. Ireland’s crypto strategy increases transfer checks Ireland’s Department of Finance said on Thursday that the national AML strategy will coordinate the country’s response to money laundering,…

SpaceX has completed its $60 billion stock-based acquisition of Anysphere, bringing the Cursor coding platform into its SpaceXAI business as SPCX shares fell during Friday trading. Summary Cursor has become a wholly owned SpaceX subsidiary after the merger took effect on Aug. 14. Cursor investors will receive 389.3 million SpaceX Class A shares under the transaction. SpaceX shares traded as low as $135.53 before recovering to about $140. Morgan Stanley has retained a $300 target and a $600 bull case for SPCX. An SEC filing dated Aug. 14 showed that SpaceX completed the acquisition through X67 Inc., a subsidiary formed…

Coinbase and Ripple executives have been named among the expected attendees at an Aug. 19 White House meeting involving at least six crypto and prediction market companies. Summary Six crypto and prediction market firms are expected to have representatives at the White House meeting. Coinbase, Ripple, a16z, Chainlink, Paradigm, and Kalshi are among the reported participants. The CLARITY Act faces a Sept. 15 procedural vote requiring at least 60 Senate votes. CFTC advisers will meet one day later to discuss crypto, AI, and prediction markets. Semafor reporter Eleanor Mueller said executives from Coinbase, Ripple, a16z, Chainlink, Paradigm and Kalshi were…

BNB Chain has scheduled its Pasteur hard fork for Aug. 25, introducing three changes intended to strengthen cross-chain transfers, tighten validator controls, and raise tested transaction capacity from 1,237 to 2,324 transactions per second. Summary Pasteur will activate on BNB Smart Chain at 2:30 a.m. UTC on Aug. 25. Node operators must install BSC software version v1.7.7 before the upgrade. Two changes address cross-chain security, validator permissions, and governance voting. Internal tests raised transaction capacity from 1,237 to 2,324 TPS. BNB Chain said in an Aug. 14 announcement that Pasteur will go live on BNB Smart Chain at 2:30 a.m.…

Tokenization-linked stocks have fallen as much as 11.2% after legal and market concerns reportedly delayed the SEC’s planned innovation exemption for blockchain-based securities. Summary Bullish fell 11.2%, extending its decline from about 8% earlier in Friday’s session. Coinbase and Circle dropped 3% and 4.8%, respectively, as tokenization-linked shares weakened. The SEC reportedly faces questions about its authority and the exemption’s effect on existing market rules. Uniswap’s UNI also fell as the regulatory delay reached beyond publicly traded companies. According to fresh reports on Friday, the Securities and Exchange Commission was preparing to delay its innovation exemption again after the White…

StablecoinX shares have climbed more than 12% after the Nasdaq-listed company disclosed a 3-billion-token ENA treasury and reported its first quarterly results since going public. Summary StablecoinX held approximately 3 billion ENA tokens, equal to about 20% of the total supply. The ENA treasury was valued at $218.4 million, or about $9.09 per Class A share. StablecoinX recorded a $34.2 million quarterly net loss, largely caused by a non-cash impairment charge. Infrastructure services produced $62,372 in revenue during the final two weeks of June. StablecoinX values its ENA treasury at $218.4 million StablecoinX said in its Aug. 14 quarterly results…