RedotPay has delayed plans for a US initial public offering (IPO) as the stablecoin payments company works through regulatory and legal issues, according to people familiar with the matter cited by Bloomberg. The delay puts the proposed listing on hold as RedotPay prepares for its US expansion and manages a lawsuit brought by Binance affiliates
Cisco delivered the kind of earnings report that would normally support an AI-infrastructure rally: record quarterly revenue, earnings above expectations, a first-quarter outlook comfortably ahead of consensus and $4 billion of new hyperscaler AI orders in just three months. The stock fell anyway. Cisco shares were down about 9.3% at $112.41 late Thursday, extending the
Nebius Group reported second-quarter results before the open on Wednesday, and the stock surged about 18% to around $233. The report did more than beat estimates. It answered the specific question that had been hanging over the stock through a sharp pre-earnings pullback: whether the company’s enormous spending on AI data centers was outrunning its
MEXC and CoinGecko reported that 74.2% of surveyed users with a traditional finance background have moved some or all of their traditional-asset trading onto crypto exchanges, evidence that centralized venues are absorbing activity that once belonged to conventional brokerages. The finding comes from How Crypto Exchanges Are Reshaping Traditional Asset Trading, released in collaboration with
H100 Group AB has completed its acquisition of Norwegian firm NSD AS in an all-Bitcoin transaction, adding 2,455.37 BTC worth roughly $154 million at the deal’s reference price. The purchase lifts H100’s total Bitcoin holdings to 3,506.4 BTC, worth about $221 million, making it Europe’s second-largest publicly listed Bitcoin holders, per bitcointreasuries.net. The deal, announced
The July jobs report released today by the Bureau of Labor Statistics (BLS) revealed that the US economy shed jobs in July, a result almost no one forecast, and it landed nine days after the most divided Federal Reserve meeting in a decade. Nonfarm payrolls fell by 23,000, against expectations of an 80,000 gain, and
Senate Majority Leader John Thune (R-S.D.) confirmed that the Senate will not vote on the Clarity Act before its August recess, pushing the crypto market structure bill into September after Democrats withheld the consent needed to bring it to the floor. Politico first reported that Republican leaders expected to leave Washington without taking up the
Western Union has announced the launch of Stablecard, a digital wallet and Visa card that lets customers receive money transfers as a dollar stablecoin and spend the balance anywhere Visa is accepted. Built with the stablecoin platform Rain, it went live on August 4 across 37 markets, with the company targeting more than 60 by
BlackRock has launched Ethereum-based tokenized share classes for several European money market funds, extending part of its $311 billion Institutional Cash Series (ICS) onto blockchain infrastructure. The rollout marks the asset manager’s first tokenized fund offering in Europe and expands its efforts to integrate traditional financial products with blockchain-based ownership and settlement. Built on Kinexys by
American Bitcoin Corp. (Nasdaq: ABTC) expanded its treasury to more than 8,000 BTC after delivering its strongest quarterly mining performance to date, increasing production and revenue while narrowing losses despite a weaker market for digital assets. The Hut 8 majority-owned subsidiary reported on August 3 that it held approximately 8,002 BTC as of June 30,