Bullish (BLSH), the crypto platform and parent company of CoinDesk, reported second-quarter net loss of $280 million, on Thursday, compared to $108.3 million for the equivalent period a year earlier. Most of that headline loss was due to a $244.6 million markdown of the company’s bitcoin holdings as the price of BTC fell throughout the
Bank of America (NYSE: BAC) has announced that it plans to spend $250 billion building US infrastructure in the next 18 months. The bank plans to focus on data centers, chips and power generation. The plan lands as a major boost for stakeholders of the AI and computing buildout, even as data centers ramp up
Bitcoin’s price has shown signs of stabilizing after a rough stretch, but even setting aside where prices go in the near term, asset manager Grayscale says adoption of the cryptocurrency over the medium and long run remains largely unchanged. The reason: continued, unsustainable growth in government debt as a factor that keeps inflation and currency-debasement
A new U.S. survey has found that 79% of prediction-market users lost money during the past year, while 51% used borrowed funds to place bets. Prediction market losses rise among borrowers BadCredit.org surveyed 1,000 U.S. adults and found that 15% had used a platform such as Kalshi, Polymarket, or PredictIt, placing the consumer findings against
Bitcoin was trading near $63,500 when the markets were measured at 1:30 p.m. EDT on Wednesday afternoon on Aug. 12, 2026. Across six active markets on the leading prediction marketplaces, Polymarket and Kalshi, traders have wagered more than $120 million on where $BTC’s price could head next. Traders Price a Wide 2026 Range Polymarket’s biggest
BlackRock’s iShares Bitcoin Premium Income ETF (BITA) recorded $79,073 of realized gains and $265,776 of unrealized appreciation on written options in its first operating period, helping offset losses on its Bitcoin holdings and shares of the iShares Bitcoin Trust ETF (IBIT). BITA posted an $860,335 decrease in net assets from operations through June 30, its
Talk about the concentration of risk. The two largest publicly listed bitcoin $BTC$63,373.56 treasury firms alone are sitting on paper losses big enough to rival the market value of major cryptocurrencies with strong use cases. Early Thursday, Tokyo-listed Metaplanet (3350) revealed a paper loss of $1.5 billion on its 43,000 $BTC as of end-June. Last
As the leading cryptocurrency Bitcoin struggles to hold above $60,000, its adoption rate continues to rise. At this point, one analyst says that the adoption rate of $BTC will continue steadily, and that there are three main factors supporting this increase. Grayscale research head Zach Pandl published a report stating that despite recent pressure on
Mitsubishi UFJ Financial Group (MUFG) plans to use blockchain technology to offer faster settlement of Japanese government bond (JGB) transactions, in a move reminiscent of similar initiatives by banks in other countries. MUFG is preparing a proof-of-concept for onchain JGB transactions using the Canton network to expedite the settlement, which typically takes 1-3 days by
Brazil’s largest bitcoin $BTC$63,696.02 treasury firm, OranjeBTC, is preparing to list a monthly income exchange-traded fund (ETF) that would initially put 95% of its portfolio in Strategy’s (MSTR) preferred stock, STRC, and the rest in Strive’s (ASST) equivalent, SATA. STRC and SATA pay recurring U.S. dollar distributions. The companies’ bitcoin remains on their balance sheets