Strategy reported an $8.33 billion second-quarter operating loss after Bitcoin’s 27% decline this year drove a sharp reduction in the value of its digital asset portfolio. Summary Strategy recorded an $8.32 billion unrealized digital asset loss during the second quarter. Its 843,775 BTC were worth $54.77 billion, below their $63.69 billion acquisition cost. The company…
Buying Apple hardware just became a little more like leasing a car. The tech giant has launched Apple Upgrade, a new US leasing program that lets eligible customers lease iPhones, Macs, iPads, and Apple Watches through Klarna instead of purchasing them outright. The program replaces Apple’s long-running iPhone Upgrade Program for new customers and expands…
Key Takeaways OSL says it has become the first Hong Kong exchange to offer XRP trading to retail investors. Retail customers can trade XRP through Flash Trade and OTC services. The listing expands regulated access to one of the world’s largest cryptocurrencies. OSL Opens XRP Trading to Retail Investors OSL Digital Securities has launched XRP…
The scam targeted XRP holders through a fake investment platform that disappeared after collecting millions of dollars worth of digital assets. South Korean authorities have uncovered a cryptocurrency fraud case that exploited interest in a newly launched blockchain token. The operation targeted XRP holders through a fake investment platform that disappeared after collecting millions…
Tim Cook hosted his final quarterly earnings call as Apple’s CEO Thursday evening, and it ended on a positive note: Apple beat Wall Street analysts’ revenue estimates. But it appears to have done so via a one-time windfall: an estimated $2.19 billion in tariff refunds. “Company gross margin was 50.1 percent, including a favorable impact…
MoonPay has launched PayBox, a noncustodial payment vault that lets users prepare and execute crypto transactions or online purchases through ChatGPT and Claude. Summary PayBox connects with ChatGPT and Claude through custom connectors and natural-language commands. Users can buy, swap, bridge or deposit crypto and complete travel, dining and retail purchases. Passkey approvals and user-defined…
This week, the US Federal Communications Commission banned the import of foreign-made advanced mobile robots. Humanoid and quadruped robots are specifically named, indicating the true target is robotic versions of people and animals, but something else happens to be an “advanced mobile robot”: robot vacuums. So what does this ban mean? Though it’s effective immediately,…
Key Takeaways Central bank gold demand hit a Q2 record of 289 tonnes, rebounding sharply from a weak Q1. Poland led purchases to near its 700-tonne goal, while China accelerated buying and Russia sold. Most central banks plan to continue adding gold to their reserves to hedge against geopolitical risks. Central Bank Gold Demand Picks…
Amazon reported better-than-expected second-quarter earnings on Thursday, and investors loved what they saw. Net sales rose 20%, and cloud revenue stood out as a particular bright spot. This combination of positive results was enough to send Amazon’s stock up nearly 10% in after-hours trading. Crucially, Amazon isn’t slowing down on data center spending, despite the…
Coinbase shares fell in extended trading after the crypto exchange reported a second-quarter loss and lower revenue, overshadowing record market share and growth across stablecoins and derivatives. Summary Coinbase reported a loss of $1.36 per share, reversing earnings of $5.14 a year earlier. Quarterly revenue fell to about $1.2 billion from $1.5 billion in the…
