Crypto

Tether Posts $1.5 Billion Operating Profit in Q2, Expands Gold and Bitcoin Reserves

Summary Tether, the world’s largest stablecoin issuer, reported $1.5 billion in operating profit for Q2 2026 and significantly expanded its reserve portfolio. The company added 14 metric tons of gold and approximately 1,800 bitcoin during the quarter, reinforcing its asset backing strategy. This performance highlights the stablecoin industry’s ability to generate substantial returns even amid crypto market volatility. Details According to Tether’s latest financial disclosure, the company recorded $1.5 billion in operating profit in Q2 2026. This figure reflects the interest income earned from holding U.S. Treasury bills and other high-yield assets by stablecoin issuers. ...

Coldcard Mk3 Hardware Wallet Flaw Drains 594 BTC in 25-Minute Sweep

Bitcoin hardware wallet manufacturer Coinkite has issued an urgent security warning for Coldcard Mk3 devices after a critical vulnerability was exploited, draining 594 BTC in just 25 minutes. This is one of the most significant security incidents in the cryptocurrency space recently.

[Brief] Strategy Posts $8.2 Billion Loss as Bitcoin Holdings Increase 11% During Q2

Strategy (formerly MicroStrategy) reported an $8.2 billion loss in Q2 as bitcoin prices fell over 40% from Q2 2025 levels. Despite the loss, the company increased its bitcoin holdings by 11%.

[Brief] Coinbase Shares Slip After Q2 Despite Prediction Markets Doubling

Coinbase shares slipped after Q2 results despite prediction markets doubling and record trading market share. The company said 88% of net revenue now comes from sources other than bitcoin spot trading.

Crypto Hacks Hit Record High in H1 2026 as Losses Top $1 Billion

According to a new report by blockchain security firm Blockaid, crypto hacks in the first half of 2026 have exceeded $1 billion in losses, setting a new record high. Ethereum and Solana ecosystems were the hardest hit, losing $332 million and $326 million respectively.

[Brief] Russia Outlines New Digital Depository Rules Ahead of Fall Crypto Framework Roll-out

Russia’s central bank has released draft rules for digital asset custody, requiring digital asset platforms to hold up to $2.8 million in liquid capital. This move paves the way for a comprehensive crypto regulatory framework coming this fall.

BlackRock, Fidelity, Other Wall Street Giants Back the Clarity Act as Senate Timeline Tightens

Wall Street giants including BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, and SoFi have publicly endorsed the crypto market structure bill known as the Clarity Act, adding significant weight to Senate deliberations. As the Senate timeline tightens, the bill’s passage prospects have become a market focus.

[Brief] Judge Blocks Minnesota from Enforcing Prediction Market Ban in Win for Kalshi, Polymarket

A judge has blocked Minnesota from enforcing its prediction market ban, clearing the way for platforms like Kalshi and Polymarket to operate in the state.

[Brief] Bitcoin Drops as South Korean Stocks Tumble, Senate Shelves Crypto Clarity Act

Bitcoin shed about 2% as South Korea’s Kospi plunged 11% and the U.S. Senate shelved the crypto market structure bill, leaving the market facing a pivotal Fed decision on Wednesday.

[Brief] Thailand SEC Alleges Bitkub Concealed Cyberattack That Led to $50 Million Hack

Thailand’s Securities and Exchange Commission accused the country’s largest cryptocurrency exchange Bitkub of deliberately concealing a cyberattack, resulting in hackers stealing approximately $50 million in assets. This case highlights the severe challenges facing Southeast Asian cryptocurrency regulation.