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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Nyan Cat Creator Calls Meme Coins ‘Wild West’, Claims $700K in Fees—But Denies Endorsement

    Nyan Cat Creator Calls Meme Coins ‘Wild West’, Claims $700K in Fees—But Denies Endorsement

    DeFi soars with tokenized stocks, but user activity shifts to NFTs: Report

    DeFi soars with tokenized stocks, but user activity shifts to NFTs: Report

    NFT market rebounds in July, surpassing DeFi in user activity

    NFT market rebounds in July, surpassing DeFi in user activity

    La Poste launches a new collection of NFT stamps

    La Poste launches a new collection of NFT stamps

    Telegram NFT Gifts Hit $49M in Sales with 322K Wallets Active

    Telegram NFT Gifts Hit $49M in Sales with 322K Wallets Active

    Bored Ape minter finally sells after 92% fall from peak

    Bored Ape minter finally sells after 92% fall from peak

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    CryptoPunks and Pudgy Penguins Draw Major Sales

    CryptoPunks and Pudgy Penguins Draw Major Sales

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

  • Gaming
    How NFT Collectibles Bounced Back with Multi-Million Sales

    How NFT Collectibles Bounced Back with Multi-Million Sales

    NFT Market Movers: The Top Performing Collections in August 2025

    NFT Market Movers: The Top Performing Collections in August 2025

    CodexField and Salvo Unite to Tokenize Game Code

    CodexField and Salvo Unite to Tokenize Game Code

    VitaminAi and WildGo Partner to Unveil Web3 Pinball Game

    VitaminAi and WildGo Partner to Unveil Web3 Pinball Game

    Animoca Brands Partnership Unveils Revolutionary Web3 Gaming Future

    Animoca Brands Partnership Unveils Revolutionary Web3 Gaming Future

    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Blockchain Bookmakers: A New Era of Fair and Secure

    Blockchain Bookmakers: A New Era of Fair and Secure

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    How It Works and What to Watch Out For

    How It Works and What to Watch Out For

    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Nyan Cat Creator Calls Meme Coins ‘Wild West’, Claims $700K in Fees—But Denies Endorsement

    Nyan Cat Creator Calls Meme Coins ‘Wild West’, Claims $700K in Fees—But Denies Endorsement

    DeFi soars with tokenized stocks, but user activity shifts to NFTs: Report

    DeFi soars with tokenized stocks, but user activity shifts to NFTs: Report

    NFT market rebounds in July, surpassing DeFi in user activity

    NFT market rebounds in July, surpassing DeFi in user activity

    La Poste launches a new collection of NFT stamps

    La Poste launches a new collection of NFT stamps

    Telegram NFT Gifts Hit $49M in Sales with 322K Wallets Active

    Telegram NFT Gifts Hit $49M in Sales with 322K Wallets Active

    Bored Ape minter finally sells after 92% fall from peak

    Bored Ape minter finally sells after 92% fall from peak

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    CryptoPunks and Pudgy Penguins Draw Major Sales

    CryptoPunks and Pudgy Penguins Draw Major Sales

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

  • Gaming
    How NFT Collectibles Bounced Back with Multi-Million Sales

    How NFT Collectibles Bounced Back with Multi-Million Sales

    NFT Market Movers: The Top Performing Collections in August 2025

    NFT Market Movers: The Top Performing Collections in August 2025

    CodexField and Salvo Unite to Tokenize Game Code

    CodexField and Salvo Unite to Tokenize Game Code

    VitaminAi and WildGo Partner to Unveil Web3 Pinball Game

    VitaminAi and WildGo Partner to Unveil Web3 Pinball Game

    Animoca Brands Partnership Unveils Revolutionary Web3 Gaming Future

    Animoca Brands Partnership Unveils Revolutionary Web3 Gaming Future

    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Blockchain Bookmakers: A New Era of Fair and Secure

    Blockchain Bookmakers: A New Era of Fair and Secure

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    How It Works and What to Watch Out For

    How It Works and What to Watch Out For

    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Mining

Coinbase’s Convertible, Core Combo Fight and Block’s Bitcoin Play

August 9, 2025
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Coinbase’s Convertible, Core Combo Fight and Block’s Bitcoin Play
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Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies.

READ ALSO

CleanSpark confronts $185m tariff risk amid heightened US scrutiny of mining gear

Crypto attracts $2.67B in funding during July, bolstered by Pumpfun and stablecoin interest

Coinbase Convertible Raise

Crypto exchange Coinbase is raising a little spending money—just $2 billion—in convertible notes.

Sure, we hear this kind of thing a lot when it’s Bitcoin and Ethereum treasuries. But the San Francisco-based company said this raise will be used for “general corporate purposes” and “acquisitions of other companies, products, or technologies.”

The announcement landed right after some analysts (not all), decided they didn’t like the look of that 25% revenue drop in Q2.

Compass Point moved COIN from the Neutral to Sell column, saying that the revenue miss was confirmation that the company’s retail trading business is “getting disrupted” by decentralized exchanges and ETFs.

That could help explain why Coinbase just rolled out decentralized exchange trading in its app for its U.S. users.

More worrying, though, was the fact that subscriptions and services didn’t have more to contribute, the analysts said. That’s the line item that covers the premium Coinbase One memberships, stablecoin revenue, staking, and custody services.

With the presidential ink dry on the stablecoin-regulating GENIUS Act, USDC issuer Circle a few months into its tenure as a publicly traded company (remember, they have a revenue sharing deal), and the proliferation of digital asset treasuries—analysts were expecting that segment to overperform.

Core Combo Fight

One of Bitcoin miner Core Scientific’s top investors wants to cut the music on the Core fusion dance.

See also  Bitcoin Miners’ Revenues Decline for the Third Month in a Row: CEOs Speak Out

Two Seas Capital, Core Scientific’s largest active shareholder with a 6.3% stake, intends to vote against a $9 billion all-stock sale to CoreWeave, saying in a press release Thursday that the offer represents an “inadequate valuation.”

The firm said it has established such a large stake in Core Scientific because it believes it’s a strong contender to build “critical, high-performance computing infrastructure at scale”—the infrastructure very much needed to power the artificial intelligence boom.

Two Seas, which is also an investor in CoreWeave, said the structure of the deal shortchanges CORZ investors and leaves them absorbing volatility from CRWV.

“In our view, the transaction decidedly and unfairly favors CoreWeave at the expense of Core Scientific shareholders,” the firm added, chiding the board for not entertaining offers from other suitors.

The vote hasn’t yet been scheduled, but it’s expected to take place before the end of the year.

Meanwhile, Core Scientific reported its Q2 earnings after the bell on Friday. But there was too much potential merger fracas for an actual earnings call.

“Due to the pending transaction with CoreWeave, Inc., which was previously announced on July 7, 2025, the Company will not be hosting a conference call or webcast to discuss its second quarter fiscal year 2025 results,” the company said.

Block Hearts Bitcoin

Block Inc. added 108 Bitcoin to its corporate holdings in Q2, bringing its total corporate holdings to 8,692 BTC—worth approximately $1 billion at the current price.

Keep in mind, Block CEO Jack Dorsey has been a fan of Bitcoin since is earliest days. It should be no surprise that the company’s shoring up its own BTC treasury.

See also  Bitcoin fees hit 3-month low: A $12M drop, explained

With an average cost of $31,248 per BTC, the company’s sitting on paper gains of 273.29%. But the more interesting data point comes from the Bitcoin the company sold—but not its own.

Block Inc. allows people to buy Bitcoin through its very popular Cash App. And of the $6 billion in revenue the company saw in Q2, $2.14 billion of it was generated just from Bitcoin sales in the app.

That Bitcoin revenue shows only a slight slowdown from Q1, when the company reported $2.3 billion in revenue from Bitcoin. If Block Inc. wants to see its 2025 Bitcoin revenue top last year, it’s going to need to see things pick up mightily in the back half of the year.

In 2024, Block reported $10.2 billion worth of Bitcoin revenue for the whole year—meaning that it’s lagging behind that mark now.

But Dorsey had promises of other Bitcoin news during yesterday’s earnings call: “We’re going to have some news very, very soon,” he said of Proto, the company’s Bitcoin mining initiative.

And, wouldn’t you guess it, Proto has a deal locked in to sell its Bitcoin mining chips to none other than Core Scientific in one of the largest ASIC agreements ever signed.

Other Keys

Bullish makes it official: Crypto exchange Bullish formally registered its initial public offering with the SEC, aiming to raise $629 million at a valuation between $3.8 and $4.2 billion. This will be the company’s second attempt at going public, after calling off a SPAC merger in 2022.

Buying the Solana dip: When alts take a breather, treasury companies line their coffers. DeFi Dev Corp bought up $18 million worth of Solana on Monday, bringing its total holdings to 1.23 million SOL.

See also  Texas Blockchain Council including Riot file lawsuit against US Energy Department over Bitcoin miner survey

Tags: BitcoinBlocksCoinbasesComboConvertibleCoreFightPlay

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