Bitcoin continues ranging as crowded longs meet soft inflation, the quietest tape since 2019: analysts

Quick TakeBitcoin drifted below $64,000 on Thursday and couldnt build on two straight days of benign inflation data.Glassnode read the muted response as confirmation that demand has gone missing, while one analysts argued against the cautious consensus.  Bitcoin (BTC) stayed range-bound on Thursday, pinned below $64,000, as soft inflation data failed to lift crypto market sentiment.  Julys Consumer Price Index (CPI), out Tuesday, was largely unchanged — core inflation slipped a tenth to 2.5% and the headline rate stayed flat. Soft wholesale inflation data on Thursday still failed to bring in any meaningful buying interest.  Indeed, wholesale inflation gave the market nothing to fear on Thursday. The Producer Price Index (PPI) for final demand was unchanged in July, with services up 0.2% and goods down 0.7%, and rose 4.7% over the 12 months ended in July, according to the Bureau of Labor Statistics. Initial jobless claims rose to 209,000 for the week ending Aug. 8, above expectations of 202,000.  The muted reaction concerns Glassnode analysts more than the data.  “A weak response to good news is itself a warning,” Glassnode wrote, reading the failure to rally as a sign that demand remains missing.  Bitcoin price after soft July inflation data | Image: The Block.Pinned between two

2 دن پہلےانڈسٹری

Ether.fi adds tokenized stocks, metals and Aave-powered portfolio loans in latest 'neobank' expansion

Quick TakeEther.fis non-custodial neobank app “Summer” upgrade adds tokenized stock and metal trading, full-portfolio borrowing via Aave, and expanded global fiat payments, among other updates.The protocol said it is trying to be “less crypto-forward,” aimed at attracting “a much broader audience.”  Ether.fi launched an upgraded version of its non-custodial “neobank,” integrating trading in tokenized stocks and metals, portfolio borrowing via Aave, expanded global fiat payments, and programmatic buybacks of its ETHFI token into a single app designed as an alternative to traditional banks, according to an announcement on Thursday.  The projects “Summer” release allows users to buy tokenized equities and commodities through xStocks alongside crypto assets, hold them in self-custodial vaults with social recovery, and borrow against their full portfolio at DeFi rates currently near 4% to fund spending on the ether.fi Cash card or other transfers.  In the announcement, Ether.fi noted its updated app is “less crypto-forward,” and aimed at attracting “a much broader audience.”  “With ether.fi, were bridging the gap between decentralized finance and everyday financial needs,” ether.fi CEO Mike Silagadze said. “Our goal is to replace the traditional bank for most users and give them tools and benefits that were previously available only to institutions and high-net-worth individuals. That is the

2 دن پہلےانڈسٹری

Swissquote cuts full-year guidance as 1H crypto income plunges, shares slide

SummarySwissquote cut its full-year revenue and profit forecasts after net crypto income plunged 66.2% in the first half.Crypto trading volumes slid 63.5% to 2.58 billion Swiss francs ($3.2 billion).Shares in Swissquote Group fell 14% following the announcement.  Swiss banking firm Swissquote Group (SQN) cut full-year revenue and profit forecasts after first-half net crypto income fell 66.2% to 14.6 million Swiss francs ($18 million).  Crypto trading volume at the Gland, Switzerland-based fintech dropped 63.5% to 2.58 billion Swiss francs, according to its results presentation. The company cut its net revenue outlook for the year by around 30 million francs to 730 million francs.  Swissquote said price declines across most cryptocurrencies caused the business to miss its initial assumptions. Bitcoin , the largest cryptocurrency, fell 33% in the six months ended June 30. Ether , the second-largest, dropped 47% and the CoinDesk 20 Index (CD20) lost 40%.  “The revised guidance now reflects a weaker-than-expected crypto environment,” Swissquote wrote.  Swissquote also booked a 5.3 million-franc loss on the crypto inventory it holds to support trading on its SQX exchange.  Growth in areas such as non-crypto trading and interest income helped keep revenue broadly level and limited the decline in profit. Client assets rose nearly 20% to 96.3 billion francs.

2 دن پہلےانڈسٹری

Ethereum DeFi Platform Ether.fi Adds Tokenized Stocks and Portfolio-Backed Loans

In briefEther.fi is adding tokenized assets and loans backed by multiple holdings.Fiat accounts will support more than 30 currencies and payment methods.Tokenized stocks and metals will not be available to U.S. users.  Ether.fi, a decentralized finance platform known for Ethereum staking, is adding tokenized asset trading, portfolio-backed loans, and fiat accounts to its self-custodial app.  Announced on Thursday, Ether.fi said users can now trade tokenized stocks, metals, and crypto assets through its app. An integrated market using decentralized lending protocol Aave on Optimism, an Ethereum scaling network, also lets users lend assets, borrow against their portfolios without selling their holdings, and send or spend the proceeds. New fiat accounts support deposits and withdrawals worldwide.  Myriad: Ethereum next price move? Click the image to make your prediction.  “Initially were supporting existing assets and select tokenized stocks and gold,” Ether.fi founder and CEO Mike Silagadze told Decrypt. Those existing assets include Ethereum, Bitcoin, Hyperliqud, and ETHFI, Ether.fis native governance token, said Silagadze. “Quickly well start adding additional assets as collateral.”  According to Ether.fi, fiat accounts will be available to users who have completed the identity checks required for its payment card. Deposit and withdrawal speeds will vary.  Ether.fi is also introducing automated buybacks of ETHFI and offering 3%

2 دن پہلےانڈسٹری

MUFG to test Japanese government bond repos on Canton Network

Four companies within Mitsubishi UFJ Financial Group have launched a proof of concept to test Japanese government bond repo transactions on the Canton Network, with the project targeting automated processing and 24-hour on-chain settlement.  SummaryFour MUFG companies will test Japanese government bond repo transactions on the Canton Network.The proof of concept will examine automated transaction processing and real time settlement available 24/7.Digital Asset Holdings and Progmat will participate in the trial alongside MUFG, Mitsubishi UFJ Morgan Stanley Securities, Mitsubishi UFJ Trust and Banking and MUFG Bank.The project is part of Japans FSA backed Payment Innovation Project for testing blockchain based payments and settlement.  According to a Thursday announcement from MUFG, Mitsubishi UFJ Morgan Stanley Securities, Mitsubishi UFJ Trust and Banking and MUFG Bank will work with Digital Asset Holdings and Progmat on the trial.  The companies plan to examine whether blockchain infrastructure can automate more of the repo transaction lifecycle while allowing transactions to settle in real time throughout the day. The participants will also assess whether the model can improve the use of funding and capital.  Repo transactions generally involve one party selling securities to another while agreeing to repurchase them later. In the planned trial, Japanese government bonds will form the securities

2 دن پہلےانڈسٹری

Bitmine‘s $257M annualized staking income ’fills operational gaps, share buybacks: analysts

Bitmine Immersion Technologies, the largest corporate Ether holder, surpassed 5 million Ether in staked tokens, which will generate an estimated $257 million in annualized revenue, according to a company announcement on Monday.  Ether (ETH) staking is emerging as an important revenue stream that generated about 98% of Bitmine‘s revenue for the fiscal quarter ending May 31, or $45.7 million of the company’s $46.5 million, analysts from Bitfinex exchange told Cointelegraph, adding:  “It funds operations and its share buyback program: 19.1 million shares repurchased since July against a $4 billion authorisation, without Bitmine having to sell any Ether.”  Ether treasury companies are facing growing unrealized losses as their margins are pressured by the decline in Ethers spot price, which fell roughly 23% during the second quarter of 2026.  SharpLink, the second-largest Ether treasury company, reported a net loss of $394 million for the second quarter of 2026, largely driven by $391 million in unrealized crypto losses.  Bitmine ranks as the largest corporate Ether holder with 5.54 million ETH, currently worth $9.4 billion. SharpLink ranks second, with 863,000 Ether, currently valued at $1.46 billion, according to data from the StrategicEthReserve.  Ether emerges as new treasury asset despite staking revenue risk  Bitmines staking milestone demonstrates how Ether can generate native

2 دن پہلےانڈسٹری

Figure revenue doubles as blockchain loan marketplace volumes surge

SummaryFigures second-quarter revenue more than doubled to $226 million, while net income nearly tripled to $87 million.Consumer Loan Marketplace volume jumped 132% to $4.3 billion, with nearly two-thirds flowing through Figure Connect.FIGR shares rose round 5% in premarket trading Thursday, extending a 10% gain from Wednesday.  Figure Technology Solutions (FIGR), the blockchain lending firm co-founded by former SoFi CEO Mike Cagney, more than doubled its revenue in the second quarter as lending activity surged across its marketplace  The company reported $226 million in net revenue for the quarter ended June 30, up 113% from a year earlier. Net income climbed 192% to $87 million, or 35 cents per diluted share, while adjusted EBITDA more than doubled to $119 million.  Growth was driven by Figures Consumer Loan Marketplace, where volume reached $4.3 billion, up 132% from a year ago. Figure Connect, its marketplace connecting loan originators with capital providers, accounted for $2.8 billion, or about 65%, of that total.  Figure is one of the more established publicly traded companies trying to move lending and capital-market activity onto blockchain rails. Its platform connects loan originators with investors, using blockchain infrastructure to support the origination, financing and trading of assets such as home-equity loans.

2 دن پہلےانڈسٹری

Peter Thiel-backed Bullish posts $280 million Q2 net loss as digital asset sales fall 44%

Quick TakeBullish reported adjusted revenue of $92.6 million for Q2, up 62% year over year.The exchange recorded a $280 million net loss, narrowing from a $604.9 million loss in Q1 2026.  Bullishs net loss narrowed to $280 million in the second quarter from $604.9 million in Q1 2026, the company said Thursday.  The Peter Thiel-backed crypto exchange said in a statement its adjusted revenue rose 62% year over year to $92.6 million, while digital asset sales fell 44% to $32.6 billion from $58.6 billion. Adjusted EBITDA increased to $29.5 million from $8.1 million.  Subscription, services, and other revenue reached a record $62.7 million, the company said, helping offset weaker trading activity during the quarter.  “That is our cross-sell engine at work, clients arrive through CoinDesk and Consensus and expand across data, indices, liquidity, and the exchange,” Bullish CFO Dave Bonanno said in the statement.  Bullish also revised its full-year 2026 guidance. The exchange forecasts $225 million to $245 million in subscription, services, and other revenue. It anticipates adjusted operating expenses of $225 million to $230 million and finance expenses of $52 million to $60 million.  Meanwhile, its proposed $4.2 billion acquisition of Equiniti remains on track to close in early 2027, Bullish said. The deal, announced

2 دن پہلےانڈسٹری

XRP Holders Can Now Trade Options Using Flares FXRP as Collateral

In briefDerive now accepts Flares FXRP as collateral for XRP options and perpetual futures.Users can trade through their own wallets without relying on a centralized exchange.Options settle in USDC, exposing traders to margin and liquidation risks.  XRP holders can now use Flares FXRP as collateral to trade options and perpetual futures on decentralized exchange Derive, Flare announced on Thursday.  According to Flare, users mint FXRP, a token representing XRP on the Flare blockchain, through its FAssets bridge that converts tokens like Bitcoin, XRP, and Dogecoin into ERC-20 tokens on the Flare network. They can then deposit the token into a Derive Portfolio Margin V2 account and trade derivatives from their own wallets.  Myriad: XRP price next move? Click to make your prediction.  Options give traders the right to buy or sell an asset at a set price. Perpetual futures allow them to bet on price movements without an expiration date. XRP holders can use the products to hedge against losses, earn premiums by selling options, or speculate on the tokens price.  “Options are often the last major market to develop around an asset, and XRP has been waiting for the infrastructure,” founder and CEO of Derive, Nick Forster, said in a statement. “FXRP gives one

2 دن پہلےانڈسٹری

Asia turns into testing ground for stablecoin payment rails

Asia is becoming the first region where large-scale pilot programs for blockchain-implemented payments are taking place. Authorities in Singapore, Hong Kong, and Japan are creating regulatory frameworks that will enable the use of stablecoins to transfer money under supervision. This is important because these frameworks are progressing from being only in consultation mode to being used in practice, giving payment companies a clear legal basis for their actions.  The approach is the same: create a regulated zone, then allow stablecoins to function as means of payment and settlement.  Three Asian regulators drawing the lines  According to Visas 2026 payments outlook, Singapore, Hong Kong, and Japan are among those jurisdictions that are seeing regulatory clarity advance most rapidly.  Singapore implemented its stablecoin framework in 2023. As of August 13, 2026, the Monetary Authority of Singapore includes companies such as Circle, Coinbase, BitGo, and Anchorage as Major Payment Institutions that are allowed to provide digital payment token services.  Hong Kong put in place its Stablecoins Ordinance on August 1, 2025, creating a licensing environment for issuers of stablecoins that are backed by fiat money. The Hong Kong Monetary Authority started accepting applications for licensing in August 2025. The first two licenses were granted on April 10, 2026,

2 دن پہلے
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