Author: 行政
Strategy reported a net loss of US$8.22 billion for the second quarter, against net income of US$10.02 billion a year earlier, in results filed after the US close on Thursday. An unrealised loss of US$8.32 billion on its Bitcoin drove the swing, compared with a US$14.05 billion gain in the same quarter of 2025. Company filings show five consecutive weeks without a Bitcoin purchase, the last one a 520 BTC buy reported on 22 June. Strategy, formerly MicroStrategy reported a net loss of US$8.22 billion (AU$11.76 billion) for the three months to 30 June, or US$24.45 (AU$34.96) a share, reversing…
Australia’s online safety regulator has launched Federal Court proceedings alleging Telegram failed to meet obligations for tackling extremist material. Authorities claim reports of unlawful content were not handled adequately, with some material and related accounts allegedly remaining available for extended periods. Telegram rejects the allegations and plans to defend the case, which could result in penalties of up to $54.6 million if the court finds breaches occurred. Australia’s eSafety regulator has filed civil penalty proceedings against Telegram, accusing the messaging service of failing to comply with legal obligations designed to curb the spread of pro-terror and other unlawful material online.…
Swyftx Becomes First Australian Crypto Exchange to Unite Crypto and Traditional Markets On One Platform
Swyftx has unveiled Australia’s first crypto exchange to offer access to traditional assets alongside cryptocurrencies on one platform. Eligible retail clients can trade leveraged CFDs across around 100 cryptocurrencies, commodities, major US indices and Magnificent 7 stocks. Swyftx says the regulated offering provides a domestic alternative to offshore derivatives platforms and reflects growing demand for multi-asset trading. Swyftx has become the first Australian cryptocurrency exchange to offer licensed access to traditional financial markets alongside crypto, launching a leveraged trading product that combines digital assets with commodities, major US indices and leading technology stocks on a single platform. The new Swyftx…
How a PPE company’s highly publicized $32M Bitcoin strategy quietly expired without purchasing a single coin
Rectitude Holdings’ $32.625 million financing intended mainly to fund Bitcoin purchases ended without producing shares or cash, according to the Singapore safety equipment supplier’s annual report filed July 30.The agreement was terminated on Oct. 9, 2025. That was 31 days after Rectitude publicly announced the plan, but 45 days after the company signed it on Aug. 25. Oct. 9 was also the facility’s preset outside date under the original Form 6-K.The facility gave Rectitude the option to sell shares to Constantinople Limited and Chen Zhiqiang at a 2.5% discount to a three-day pricing benchmark. Rectitude said most proceeds from any…
Bitcoin ETFs just broke a brutal $500M losing streak, but the entire recovery is an illusion propped up by BlackRock
U.S. spot Bitcoin ETFs snapped a four-session losing streak on July 29 and finished the day with $32.1 million in net inflows.However, one fund did all the lifting. BlackRock’s iShares Bitcoin Trust ETF, or IBIT, pulled in $89.8 million, enough to cover the $43.1 million that left Fidelity’s Wise Origin Bitcoin Fund, or FBTC, and the $14.6 million that exited the ARK 21Shares Bitcoin ETF, or ARKB.July 29 U.S. spot Bitcoin ETF net flows ($ millions)FundNet flowBlackRock IBIT+$89.8 millionFidelity FBTC-$43.1 millionARK 21Shares ARKB-$14.6 millionAll other listed funds$0.0Total+$32.1 millionIBIT’s inflow exceeded the complex’s net result by exactly $57.7 million because the…
A cleaning company with just $4.1M in cash and a stash of Dogecoin just committed $500M to an AI mega-deal
CleanCore Solutions, a cleaning-products and Dogecoin-treasury company pivoting into AI infrastructure, announced a Minnesota data-center venture whose operating company is a party to a 10-year colocation agreement with AI-compute company Cerebras.The estimated $800 million contract value comes with a $479 million project budget and up to $500 million in commitments from CleanCore, turning the customer win into an immediate capital test.CleanCore holds 79% of the joint venture. Its July 29 Form 8-K schedules a $40 million initial contribution as $25 million on the closing date and up to $15 million, based on budget needs, within four business days.Further calls can…
Down to its last $4,000 in cash, a crypto firm holding millions in Solana is seeking a loan to survive $1.5M debt
UK-based Supernova Digital Assets has built a multimillion-pound crypto treasury, but its latest accounts expose the strategy’s less glamorous constraint: cash.An unfinished lender switch now stands between the company and further token sales, making its reported SOL position a test of whether it can secure cheaper funding without letting liquidity needs dictate its treasury strategy.Supernova reported just £3,000 of cash against £1.132 million of current liabilities, including £847,000 of interest-bearing borrowings. The Solana-focused treasury company said replacement financing is its preferred route to limit further crypto sales.The unaudited results released July 30 showed total assets of £2.944 million and equity…
SoFi reported 388,336 crypto products, but Q2 net transaction revenue only reached $1.2 million
SoFi Technologies, the digital financial services company, reported 388,336 cumulative Crypto products as of June 30. Meanwhile, the company’s Q2 filing reported just $1.183 million of net crypto transaction revenue.The filed earnings release lists $134 million of crypto transaction revenue and $133 million of cost of crypto transaction revenue for the quarter. Their difference left about 0.88% of the gross revenue line as net transaction revenue.That percentage is not even a profit margin. The $1.183 million is simply the revenue line before broader operating expenses and other costs, and SoFi does not disclose a standalone crypto profit figure. Related ReadingMastercard…
Why 37 million Celsius bankruptcy shares are blocked from an immediate cash-out despite Nasdaq debut
On July 28, Ionic Digital, which acquired Celsius Mining assets after Celsius Network’s bankruptcy, began trading on Nasdaq under the ticker IOND. The direct listing created a public market for existing Class A shares, including shares issued in connection with the Celsius bankruptcy plan, but it did not automatically let every holder of creditor-linked stock sell. Related ReadingCelsius distributes $2.53 billion, some creditors leave funds unclaimedIonic Digital, a new Bitcoin mining company borne out of Celsius bankruptcy, said it has energized a facility in Texas. Aug 27, 2024 · Oluwapelumi Adejumo Because this was a direct listing, Ionic sold no…
Bitcoin struggles to turn US GDP miss into bullish catalyst as strong spending backs Fed caution
Bitcoin briefly topped $65,000 on Thursday after US economic growth fell short of forecasts.Data from CryptoSlate show the largest cryptocurrency trading near $64,729 as of press time after reaching an intraday high of $65,071 and recovering from a low of $63,205.The advance followed data showing the US economy expanded at a 1.5% annualized rate in the second quarter. That was below both the first quarter’s 2.1% pace and analysts’ forecast of 2.1% growth.The headline miss initially offered a favorable setup for Bitcoin because weaker growth can increase pressure on the Federal Reserve to ease monetary policy. Lower rates would reduce…