FinVolution Group announced its Q1 2026 results showing a 7.8% year-over-year revenue decline to RMB3.21 billion, mainly due to reduced loan volumes in China amid regulatory challenges. However, its overseas markets grew strongly with a 34.5% revenue increase and doubled unique borrowers, contributing nearly 30% of total revenue. The company maintained profitability with RMB421 million net profit and continued returning capital to shareholders via US$39.4 million in share repurchases and an increased dividend. FinVolution expects 2026 revenue between RMB11.5 billion and RMB12.9 billion, focusing on prudent China operations and expanding its overseas platform.
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
