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Top American crypto exchange Coinbase today beat market estimates in its quarterly results—posting $1.4 billion in revenue and $36 million in net income. Revenue was down overall—by 11%—from the first quarter of this year as crypto prices have since taken a dip. But Coinbase said in its results that its business of allowing customers to earn interest on its USD Coin (USDC) stablecoin helped the company net bigger gains, with its balance sheet growing to $7.8 billion—an increase of $733 million f...

The BlackRock USD Institutional Digital Liquidity (BUIDL) fund distributed more than $2 million in dividends in July, an all-time high for its monthly payouts. The tokenized fund distributed $2.12 million to investors in July, up roughly 16% from the prior month, Etherscan data shows. To date, BlackRock’s fund has paid out more than $7 million in dividends, with dividend yields increasing each month, a Securitize representative told Decrypt on Thursday. Securitize provides the tokenization platf...

How quickly things can change in the crypto space: On Monday, Bitcoin was closing in on its all-time high again after having touched—briefly—$70,000 per coin. But now the asset is trading well below its 2021 record of $69,044—and futures traders are getting ruined. Over the past 24 hours, as Bitcoin has dropped nearly 6% to $62,753, over $316 million in long positions have been liquidated, CoinGlass data shows. That figure refers to all coins and tokens in the space that traders had bet on goin...

Cathie Wood’s asset management firm ARK Invest has again sold some of its Coinbase stock (NASDAQ: COIN), offloading over 12,000 shares worth $2.7 million just as the crypto market takes a plunge.  A Wednesday filing showed that the firm—which invests heavily in emerging tech—sold the shares from its Next Generation Internet exchange-traded fund (ARKW).  The fund focuses on companies working on evolving internet technology such as “new payment methods, big data, the internet of things, and social...

Presumptive Democratic nominee Kamala Harris’ election odds have hit a new all-time high on crypto prediction market Polymarket on Thursday, as the incumbent vice president’s campaign ramps up. A Polymarket betting pool with more than $472 million wagered shows Harris’ odds of winning the presidential election are 45%, up roughly 6% in the past 24 hours. During the same time period, Republican nominee Donald Trump’s odds similarly decreased to 53%, according to the same data.  Harris’ odds of se...

Decentralized exchange (DEX) Raydium launched a meme coin called CTO using a new crypto launchpad, but things didn’t go according to plan. One of the largest DEXs on Solana, Raydium's meme coin launch on a new token launchpad backfired after the launch “didn't exactly go as expected,” with two identical tokens created and the first dropping 92% in just 10 minutes. Raydium, an automated market maker that has a daily trading volume over $300 million per CoinGecko, launched a token called CTO on Th...

Donald Trump’s Bitcoin-themed sneakers sold out shortly after listing and secondary sales are taking off. The listing for the “Trump Crypto President High Tops - Bitcoin Orange” sneakers saw the shoes sold out right after they became available, as shown by the official website. The website mentions a price of $499, but current Ebay listings for the limited orange edition range from $700 to $2,500. One peculiar listing is priced at $69,999, but it is largely an outlier. The sneakers were listed s...