Circle Reports First Quarterly Earnings as Public Company
Fresh off of a monster June IPO, Circle (CRCL) released its first earnings report as a public company, beating analysts’ revenue estimates. The American stablecoin giant’s revenue for the quarter was $658 million, up 53% from $430 million a year ago. While the company reported a net loss of $482 million, compared with a profit of $33 million a year ago, the loss was due to one-time costs associated with the IPO. The stock is up over 5% this morning as of writing. Read more →
Stripe Building ‘Tempo’ Blockchain with Crypto VC Paradigm
According to a recent job posting from crypto lobby group Blockchain Association, Stripe is developing a new blockchain in stealth dubbed ‘Tempo'. The posting states that Tempo is in stealth, has a team of five, and is being built in partnership with Paradigm – the crypto VC firm whose cofounder, Matt Huang, is on the board of Stripe. This follows Stripe’s huge crypto acquisitions of Bridge and Privy. Read more →
BitMine Wants to Buy $20B More ETH
Ethereum treasury company BitMine Immersion Technologies (BMNR) filed with the SEC this morning an intent to expand its capital raise offering from $4.5 billion to $24.5 billion to buy more ETH. As the largest ETH treasury company, and the first to cross 1 million ETH, BitMine is trying to cement itself as the ‘Ethereum MicroStrategy.' We don’t expect Sharplink (SBET) to go down without fighting and would expect a splashy announcement from them soon as well. Read more →
Nakamoto Prepares $760 Million BTC Buy Post-Merger Link»
Vitalik Buterin Is a Billionaire Again as ETH Flips Palantir Link»
ETH overtakes BTC in YTD price gains Link»
Paxos joins other crypto companies applying for US bank licenses Link»
Monero faces chain reorganization fears after Qubic says it controls 51% of hashrate Link»
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