Headlines

Investors love AI, as long as you’re a cloud host

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…

Read More

Coinbase shares fall after $1.36-per-share Q2 loss

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…

Read More

Samsung SDS Plans Stablecoin Expansion With Upbit Operator Dunamu

Key Takeaways CEO Lee Jun-hee said Samsung SDS will combine its cloud expertise with Dunamu’s blockchain technology. Samsung SDS cited stablecoin issuance-to-settlement validation as a key competitive capability. Samsung SDS said its Dunamu investment will expand opportunities in digital asset infrastructure. President and CEO Lee Jun-hee outlined the strategy during Samsung SDS’s second-quarter 2026 earnings…

Read More

Canada crypto ownership jumps to 25% in 2026

Crypto ownership in Canada has more than doubled since 2023, even as regulators warn that many investors still misunderstand platform protections and industry rules. Summary 25% of Canadians owned crypto in 2026, up from 10% in 2023. The Ontario Securities Commission survey found 59% of respondents were aware of crypto assets. Only about half of…

Read More