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[ MicroStrategy Q2 net loss of US$102.6 million, Bitcoin holdings increased to 226,500]
MicroStrategy (MSTR) reported second quarter (Q2) financial results, reporting a net loss of $102.6 million, or $5.74 per share, compared to revenue of $22.2 million, or $1.52 per share, in the same period last year.
The loss was due to the company taking a $180.1 million impairment charge on its bitcoin holdings, compared with a $24.1 million charge in the second quarter of last year.
The report shows that as of July 31, MicroStrategy held 226,500 bitcoins, an increase from mid-June. The purchase price of 226,500 bitcoins was $8.3 billion, an average of $36,821 per bitcoin. At the current price of $63,500, these assets are worth approximately $14.4 billion.
The company said its “BTC yield” so far this year is 12.2%, and its goal for the next three years is to reach 4% to 8% per year.
[ The Federal Reserve interest rate swap market fully prices in three rate cuts before the end of the year]
According to Jinshi, U.S. Treasuries rose, with yields hovering at their lowest level since February, as investors believe economic data supports the Fed's three rate cuts this year. The 10-year yield fell below 4% for the first time since February, and the previously released manufacturing data reinforced the market's view. The increase in the number of initial jobless claims last week indicated a slowdown in the labor market. Interest rate swap traders expect a 100% chance of a total rate cut of 75 basis points this year, which means that each of the next three interest rate meetings will cut rates by 25 basis points.
[Montenegro court upholds ruling to extradite Do Kwon to South Korea]
According to Bloomberg, the Montenegrin Court of Appeal upheld a ruling that Terraform Labs co-founder Do Kwon should be deported to his native South Korea, rejecting a proposal to send him to the United States.
Thursday's ruling is the latest in a series of decisions in Montenegro, which has been facing dual requests from the United States and South Korea to extradite Do Kwon. The Podgorica court said in a statement on its website Thursday that no one had appealed the decision.
The ruling also upheld a fast-track extradition procedure previously issued by another Montenegrin court. After the ruling was announced, Do Kwon's lawyer Goran Rodic responded to Bloomberg and said Montenegro will arrange the extradition with the assistance of Interpol and expressed the hope that the extradition can be completed as soon as possible.
【 Cypherpunk Holdings bought another 23,000 SOL, and the total holdings increased to 86,294】
According to public documents, Cypherpunk Holdings, an investment company based in Toronto, Canada, bought another 23,000 SOLs, increasing its total holdings to 86,294 ($21.6 million).
Cypherpunk also reduced its holdings by about 110 BTC, and now holds just over 52 BTC ($5.2 million). According to its public documents, the company used about 45 of its bitcoins to execute a buy order for 20,000 SOL options, and sold the rest for profit. The company bought its first batch of bitcoins in 2018. The company also sold its Animoca shares worth $5.6 million.
In addition to $4.9 million in cash, Cypherpunk also holds $50,000 in other crypto tokens such as Chia Network, and $442,000 in private equity and venture capital, including investments in bitcoin wallet company NGRAVE.
[Data: Crypto.com has the highest market share of spot crypto trading volume among USD-supported exchanges in July]
According to Block Data Dashboard, Crypto.com had the highest market share for spot cryptocurrency trading volume among dollar-backed exchanges in July. Crypto.com ranked first for the first time in more than two years, with a market share of 38.5% for spot cryptocurrency trading volume, while Coinbase ranked second with a 35.8% share.
The last time Crypto.com led spot crypto trading volume among exchanges supporting USD was in April 2022. That month, it barely surpassed Coinbase with a 27% market share.
The Block Research said that Crypto.com’s recovery “may be indicative of a broader trend of retail investors re-entering the cryptocurrency space or changing their preferences for exchanges.” The research analyst also said that Crypto.com’s growth may be “at the expense of smaller U.S. exchanges.”
[ Solana’s DEX transaction volume exceeded US$55.8 billion in July, surpassing Ethereum for the first time]
According to DefiLlama data, in July, Solana surpassed Ethereum in monthly DEX trading volume for the first time in history, reaching US$55.876 billion, while Ethereum was US$53.867 billion, marking a significant increase in Solana's liquidity and user activity.
In addition, other outstanding chains include Arbitrum ($24.569 billion), BSC ($17.888 billion), and Base ($15.554 billion).
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