Robinhood Crypto Revenue Fell 18% Sequentially to $31M in Q2
The online trading platform reported second-quarter earnings after the close on Wednesday.Source
Litecoin Plunges 6% to Fresh Monthly Lows on Halving Day
Historically, LTC tended to peak ahead of its halving event, when miner rewards are slashed.Source
Binance Could Face U.S. Fraud Charges, but Prosecutors Worry About Risk of Bank Run: Semafor
The price of bitcoin (BTC) and Binance’s BNB token immediately fell following the report.Source
Bitcoin ETF Approval Odds Just Got Better: Bloomberg Analysts
“The odds of a spot Bitcoin ETF launching this year are up to 65%, in our eyes, after a flurry of developments,” analysts James Seyffart and Eric Balchunas wrote. They previously assigned a 50% probability.Source
MakerDAO’s MKR, Ripple’s XRP and Stellar’s XLM Led Crypto Gainers in July
Cryptocurrency giants, bitcoin and ether, meanwhile, lost ground during the month.Source
MicroStrategy Takes $24M Q2 Charge on Multibillion-Dollar Bitcoin Haul
The software firm reported its second-quarter earnings after the close on Tuesday.Source
GameStop to Remove Crypto Wallets Citing ‘Regulatory Uncertainty’
Leading game retailer GameStop will suspend its crypto wallets due to regulatory uncertainty in the United States, just one year after launching, the company announced Tuesday.Source
The Ordinals Team is Creating a Non-Profit to Support Bitcoin NFT Developers
The team behind the Ordinals protocol, led by Casey Rodarmor, has created the Open Ordinals Institute to grow its ecosystem without compromising neutrality.Source
Bitcoin Has Been More Stable Than Gold and Stocks; Violent Price Action Could Ensue
Prior uneventful periods preceded major eruptions in volatility for BTC’s price, crypto analytics firm K33 Research noted.Source
Longtime Environmentalist RFK Jr. Not So Sure Bitcoin Is Boiling the Oceans
The environmental argument “should not be used as smokescreen to curtail freedom to transact,” U.S. Democratic presidential candidate Robert F. Kennedy Jr wrote on Twitter.Source