Important information last night and this morning (August 14-August 15)

Bit Digital Announces Q2 Financial Results with Net Profit Reaching $14.9 Million

Bit Digital, Inc. (NASDAQ: BTBT) announced its financial results for the second quarter of 2025. Total revenue for the second quarter was $25.7 million, a decrease of 11.7% compared to $29 million in the second quarter of 2024. Digital asset mining revenue was $6.6 million, down 58.8% from $16.1 million in the same period last year. Cloud services revenue was $16.6 million, an increase of 32.8% from $12.5 million in the same period last year. ETH staking revenue was $400,000, a decrease of 2.3% from $400,000 in the second quarter of 2024. Net profit was $14.9 million, or $0.07 per diluted share, compared to a net loss of $12 million, or $0.09 per diluted share, in the same period last year. Adjusted EBITDA for the second quarter of 2025 was $27.8 million, compared to $3.8 million in the second quarter of 2024. Total cash and cash equivalents were $181.2 million, and total digital assets were $91.2 million. In the second quarter, Bit Digital initiated a strategic transformation aimed at becoming a company focused on Ethereum fund management and staking. As of August 11, Bit Digital held 121,076 ETH, with 105,015 ETH actively staked.

Listed Company KULR Technology Achieves $8.14 Million in Net Income in Q2 Thanks to Growth in Bitcoin Holdings

According to Globenewswire, KULR Technology Group, Inc. (NYSE: KULR), a company focused on Bitcoin + financial businesses, announced its second-quarter results. Revenue for the second quarter was $3.97 million, a year-on-year increase of 63%, setting a record for the highest quarterly revenue to date. Net income was $8.14 million, mainly driven by the growth in Bitcoin holdings. Bitcoin holdings increased to 1,021 Bitcoins, with a reported Bitcoin yield of 291.2%.

A New Wallet Withdraws 53,434 ETH Worth $244 Million from Kraken in the Past 2 Days

According to Onchain Lens monitoring, a newly created wallet has withdrawn 53,434 ETH, worth $244 million, from Kraken in the past two days.

52 Organizations Including the American Bankers Association Jointly Call for Revision of the "Stablecoin Act" (GENIUS Act)

According to Coindesk, the American Bankers Association and other banking lobbying groups, together with 52 banker organizations such as the US Financial Reform Organization (usually a staunch opponent of Wall Street policy goals) and the National Consumer Law Center, jointly sent a letter to the leadership of the Senate Banking Committee, calling for revisions to the stablecoin bill named the "GENIUS Act". In one letter, banking lobbying groups and consumer groups demanded the deletion of a clause in the bill that allows state-chartered uninsured depository institutions to gain a commercial advantage in competition; in another letter, bankers demanded a ban on stablecoin-related companies from offering yields. Lobbyists have called for the use of future cryptocurrency market structure legislation to thoroughly revise the new stablecoin bill.

SEC Postpones Decision on Bitwise and 21Shares' Solana ETF Proposals to October 16

According to The Block, the US Securities and Exchange Commission (SEC) has postponed its decision on whether to approve the Solana exchange-traded fund (ETF) proposals. In the submitted documents, the SEC stated that the next deadline for the Bitwise Solana ETF and the 21Shares Core Solana ETF is set for October 16. Both documents stated: "The Commission believes that designating a longer period to issue an order approving or disapproving the proposed rule change is appropriate to allow the Commission sufficient time to consider the proposed rule change and the issues raised therein." The SOL ETF proposals are making progress as companies revised their filing documents last month to gain SEC approval. Companies including Proshares, Grayscale, Canary, and 21Shares are waiting for SEC approval.

Citigroup Considers Providing Custody and Payment Services for Stablecoins and Cryptocurrency ETFs

According to Reuters, Biswarup Chatterjee, head of global partnerships and innovation at Citigroup's services division, said in an interview that the group is exploring offering stablecoin custody and other services. Citigroup is also exploring providing custody services for digital assets that support cryptocurrency-related investment products. For example, since the US SEC approved such products last year, many asset management companies have launched ETFs that track the spot price of Bitcoin. In addition, Citibank is developing services that allow customers to transfer stablecoins between accounts or convert them into US dollars for instant payments, and is discussing related use cases with customers.

US Stocks Close Mixed; Circle (CRCL) Falls 9.1%, Bullish (BLSH) Rises 9.75%

According to the Financial Associated Press, US stocks closed mixed, with the S&P 500 Index up 0.03%, the Nasdaq down 0.01%, and the Dow Jones down 0.02%. Among them, the S&P 500 Index hit a new record closing high for three consecutive trading days. Coinbase (COIN) fell 0.65%; Circle (CRCL) fell 9.10%; Bullish (BLSH) rose 9.75%.

Coinbase to Conduct System Maintenance on August 18

According to Coinbase Status, Coinbase will conduct system maintenance on August 18. During this period, transfers of Bitcoin, Litecoin, Bitcoin Cash, Zcash, Dash, and Lightning Network will be delayed. All ERC20 and ETH transfers on the Ethereum and Ethereum Classic networks will also be affected, but the buying, selling, and trading functions will not be affected.

Sequans Plans to Acquire 100,000 Bitcoins by 2030

According to an announcement on Sequans' official website, Sequans announced a strategic plan to acquire a total of 100,000 Bitcoins by the end of 2030. The company launched a Bitcoin reserve strategy in July 2025 and currently holds 3,171 Bitcoins, ranking 22nd among global listed companies. Sequans will continue to optimize its asset structure through phased capital operations, including equity issuance, Bitcoin-collateralized credit, and intellectual property monetization, to achieve long-term financial stability.

Bitpanda Officially Enters the UK Market, Launching Cryptocurrency Trading and B2B Infrastructure

According to The Fintech Times, European cryptocurrency platform Bitpanda announced its launch in the UK, opening trading of over 600 cryptocurrency assets to local users, and simultaneously launching the B2B infrastructure service Bitpanda Technology Solutions to support financial institutions in integrating cryptocurrency products through white-labeling. In addition, Bitpanda appointed Pantelis Kotopoulos as the UK country head and reached a global partnership with Arsenal Football Club.

Stablecoin Protocol USD.AI Completes $13 Million Series A Financing, Led by Framework Ventures

According to CoinDesk, stablecoin protocol USD.AI announced the completion of a $13 million Series A financing round, led by Framework Ventures, with participation from Bullish, Dragonfly, and Arbitrum, among others. USD.AI, developed by Permian Labs, provides loans collateralized by GPU hardware for AI enterprises, with approval efficiency increased by over 90%. The project has received $50 million in deposits and plans to conduct a public ICO with a gamified distribution model.

MicroStrategy Changes Its Legal Name to Strategy

According to a report on Strategy's official website, MicroStrategy has changed its legal name to Strategy Inc., effective August 11. The company's securities trading symbols on Nasdaq remain unchanged, including MSTR, STRK, STRF, STRD, and STRC, and the CUSIP numbers have also not been adjusted. This name change does not affect the company's structure. Strategy Inc. is the world's largest Bitcoin-holding listed company and provides AI enterprise analysis software.

Gemini Launches Mnemonic-Free Web3 Smart Wallet

According to CoinDesk, Gemini announced the launch of a self-custody smart wallet. Users can use it without mnemonics or downloading an App, and it supports gas-free transactions and free ENS subdomains. The wallet uses biometric login and social recovery tools and integrates asset management and DeFi functions. Gemini plans to subsequently enable direct account connection to support on-chain transactions and cooperate with BlockAid, WalletConnect, etc., to facilitate product launch.

Dinari to Launch an Avalanche-Based Blockchain, Positioned as "Stock Token DTCC"

According to CoinDesk, Dinari announced that it will launch a layer-1 blockchain called Dinari Financial Network, using Avalanche technology, aiming to serve as a coordination layer for stock token clearing and settlement. Institutions including VanEck, BitGo, and Gemini will act as validators and provide custody services. Dinari plans to unify multi-chain liquidity and compliance through its own chain and will gradually implement on-chain governance and decentralization in the future.

BtcTurk Suspected of Being Hacked, with Approximately $48 Million in Cryptocurrency Assets Abnormally Transferred

Blockchain security company Cyvers detected an abnormal transfer of approximately $48 million in funds from Turkish cryptocurrency exchange BtcTurk, involving multiple chains such as ETH, AVAX, ARB, BASE, OP, Mantle, and MATIC. Most of the assets have been concentrated in two addresses, suspected of being a coordinated attack.

Coinbase Completes Acquisition of Deribit for $2.9 Billion, Becoming the Global Leader in Cryptocurrency Derivatives

According to The Block, Coinbase has completed the $2.9 billion cash and stock acquisition of cryptocurrency derivatives exchange Deribit. After the merger, Coinbase ranks first in the global cryptocurrency derivatives market in terms of open interest and options trading volume. Deribit's annual trading volume in 2024 reached $1.185 trillion, a year-on-year increase of 95%. Founders John Jansen and Marius Jansen have left the company.

Jeffs’ Brands Announces Launch of AI-Powered Cryptocurrency Vault Program, Planning to Invest $75 Million

According to GlobeNewswire, Jeffs’ Brands will cooperate with Quantum Crypto to launch an AI-driven cryptocurrency vault management program, planning to invest up to $75 million to optimize returns from Bitcoin and mainstream stablecoins. Quantum Crypto is responsible for vault management and compliance, while Jeffs’ Brands retains ownership of the assets. The service provider will charge a setup fee, management fee, and performance share, and will receive company stock options.

US PPI Growth in July Hits the Highest Level in Three Years

Driven by a surge in service costs, the US PPI growth rate in July reached the highest level in three years. A report released by the US Bureau of Labor Statistics on Thursday showed that the PPI rose 0.9% from the previous month, after being unchanged in June. The index rose 3.3% from a year earlier. The index excluding food, energy, and trade services rose 0.6% from June and 2.8% from a year earlier.

US July PPI Annual Rate Was 3.3%, Significantly Exceeding the Market Expectation of 2.5%

According to Jinshi Data, the US July PPI annual rate was 3.3%, significantly exceeding the market expectation of 2.5%, reaching a high since February. The US July PPI monthly rate recorded 0.9%, the largest increase since June 2022. The number of initial jobless claims in the US for the week ending August 9 was 224,000, with an expectation of 228,000, and the previous value was revised from 226,000 to 227,000.

US Treasury Secretary Yellen: It Is Unlikely That We Will Reassess US Gold Reserve Holdings

According to Jinshi, US Treasury Secretary Yellen said: It is unlikely that we will reassess US gold reserve holdings. The value of Bitcoin reserves is approximately $15 billion to $20 billion, and we will stop selling Bitcoin holdings. We will retain gold as a store of value. She also said that she has not called on the Federal Reserve to lower interest rates to 1.5%. It is possible to start with a 25-basis-point rate cut and accelerate, and she believes there is room for a series of rate cuts. In addition, all options for selling Fannie Mae and Freddie Mac shares are being studied.

Mesh Has Completed Over $130 Million in Financing, with Participation from PayPal Ventures, Coinbase Ventures, etc.

According to The Block, Mesh announced that it has received a new round of investment from PayPal Ventures, Coinbase Ventures, Uphold, ByBit, SBI Japan, etc., bringing the total financing amount to over $130 million. Part of the new funds will be settled in PayPal USD (PYUSD) stablecoin, and Mesh technology supports instant transfers. Mesh provides cryptocurrency payment infrastructure for enterprises, supporting users to pay with over 100 types of cryptocurrencies, and merchants can instantly settle into stablecoins or fiat currencies. The company plans to use the new funds to expand its products and APIs and serve more payment platforms. According to Cryptorank data, the amount of this financing round is $9.5 million.

Foreign Media: He Yi Holds at Least 10% of Binance Shares and Co-Manages YZi Labs

According to Fortune, Binance co-founder Yi He, as a senior management of the company, holds at least 10% of the shares of the world's largest cryptocurrency exchange Binance and co-manages Binance's subsidiary venture capital and family office YZi Labs with CZ.

Canaan Technology's Q2 2025 Mining Revenue Reaches $28.1 Million, Bitcoin Reserves Rise to 1,483.5 Coins

According to PRNewswire, Canaan Inc. (Canaan Technology) announced its unaudited financial results for the second quarter of 2025. Total revenue reached $100.2 million, a year-on-year increase of 39.5%. Bitcoin mining revenue reached $28.1 million, a year-on-year increase of 201.6%. Bitcoin reserves at the end of the quarter rose to 1,483.5 coins, and further increased to 1,511 coins at the end of July. The company announced a strategic restructuring, focusing on Bitcoin mining machine sales and proprietary mining business, and has terminated its AI chip business. Management has recently increased holdings of the company's ADS, and the board of directors approved a buyback plan of up to $30 million.

Binance Wallet: 224 Points Required to Participate in the Reveel (REVA) TGE Event

Binance Wallet tweeted that users with 224 or more Binance Alpha Points can participate in the Reveel (REVA) TGE event through the Alpha event page, and participation will deduct 10 points.

LIP-021 Proposal Approved; Lista DAO Will Burn 20% of Tokens

Lista DAO announced that the LIP-021 proposal has been passed, and 20% of $LISTA will be burned and removed, totaling 200 million LISTA tokens.

Robinhood Applies for Dubai License, Plans to Expand into MENA Market

According to FinanceFeeds, Robinhood has submitted a license application to the Dubai Financial Services Authority (DFSA) to provide foreign exchange and other trading services in the UAE, and appointed Mario Camara to be responsible for local business. Currently, Robinhood has not launched in the MENA region, and users cannot open accounts temporarily. Platforms such as eToro are existing alternatives.

bitFlyer and Binance Stake a Total of 320,000 ETH, with a Total Value of Approximately $1.51 Billion

According to Yu Jin monitoring, bitFlyer has staked 240,000 ETH (approximately $1.134 billion) and transferred all ETH to the execution address after announcing the launch of Ethereum staking function. Binance staked 80,000 ETH (approximately $378 million) half an hour ago, all deposited into the staking execution address.

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