Solana Company posted a significant loss in Q2 2026 primarily because of accounting write-downs on its Solana (SOL) holdings, despite strong core operations. The company generated $2.5 million in revenue with a 97% gross margin, mainly from staking activities, but the drop in SOL's price caused a large paper loss. Total assets stood at $176.1 million with low liabilities, and the company raised $7.9 million recently. Future performance depends heavily on SOL's price recovery, which could reverse current losses.
This week, crypto markets experienced high volatility with Bitcoin reclaiming $80,000 and Ethereum and Solana rallying due to short covering and renewed risk appetite. Altcoins outperformed late in the week, led by Akedo (AKE) which surged 400%, driv...
The Global X U.S. Electrification ETF (ZAP) offers focused exposure to utilities and industrials benefiting from U.S. electrification and grid modernization. With 77.2% in utilities and 22.8% in industrials, ZAP aims to capture growth driven by incre...
The Shiba Inu development team announced that the Shibarium Layer-2 blockchain reorganization issue has been resolved, marking a significant step in infrastructure upgrades. The remaining task involves completing the DRPC transition to the new enviro...
The Grayscale Bitcoin Mini Trust (BTC) offers the best balance of low fees (0.15%) and high liquidity among spot Bitcoin ETFs, holding about 62,900 bitcoins—30% more than nine months ago. Despite the US Senate's failure to pass the Digital Asset Mark...
Brian Armstrong, CEO of Coinbase, forecasts Bitcoin to reach $400,000 by 2030, driven by long-term institutional adoption, regulatory clarity, halving events, and macroeconomic factors. Despite uncertainty around the CLARITY Act, Armstrong remains co...
