Coinbase reports $1.45B Q2 revenue but faces a profit decline, indicating tighter margins.
MicroStrategy plans a $2B Bitcoin purchase, showing strong belief in crypto’s future.
TARS AI rises 14.35%, while Worldcoin, Orbler, and Sensay experience declines.
Coinbase’s financial performance for Q2 2024 shows significant revenue but declining profits. As highlighted by CryptoRank, a top analytic firm, the company reported $1.45 billion in revenue, a strong figure but indicative of tighter profit margins.
Daily Crypto News
News:
— Coinbase posts $1.45 billion in Q2 revenue as profits decline
— Bybit will end services and stop offering products in France
— MicroStrategy will raise another $2 billion to buy more bitcoins
Project Updates:
— OKX founder Star vs AEVO
—… pic.twitter.com/2GmQd3WHyC
— CryptoRank.io (@CryptoRank_io) August 2, 2024
Meanwhile, Bybit is halting its operations in France, impacting its French user base. On a more optimistic note, MicroStrategy plans to raise an additional $2 billion to bolster its Bitcoin holdings, signalling confidence in the cryptocurrency’s future.
Turning to project developments, notable activity has been observed in the crypto sector. OKX founder Star is currently at odds with AEVO, creating a buzz in the community. In another major move, Cypherpunk Holdings has reaffirmed its commitment to Solana, indicating a renewed focus on the blockchain’s potential. Additionally, ZachXBT has raised concerns about StarkWare-backed ZKX, alleging that the project raised significant funds and launched a token with the knowledge that it might face an imminent shutdown.
Smart Money Investor Buys 4,000 ETH Amid Market Volatility
Token unlocks today show considerable figures, with $WLD unlocking $9.98 million, $ORBR $8.32 million, $TAI $3.49 million, and $SNSY $542,000. These unlocks could influence market dynamics, especially with the current volatility.
Examining market prices at press time, Worldcoin (WLD) is trading at $2.06, down 2.07% over the past 24 hours, with a trading volume of $153,880,267. This decrease might reflect broader market trends or specific issues within the Worldcoin ecosystem.
Conversely, TARS AI (TAI) is experiencing a notable uptrend, trading at $0.138541, which marks a 14.35% increase in the last 24 hours. This rise is accompanied by a trading volume of $12,170,159, suggesting growing investor interest.
On the other hand, Orbler (ORBR) is priced at $0.234308, a 1.36% decline in the past 24 hours, with a trading volume of $58,926.09. Sensay (SNSY) is also down, trading at $0.001105 with a 2.90% decrease over the same period and a trading volume of $342,445.
The post $9.98M Token Unlock & StarkWare Allegations Shake the Market appeared first on CryptoTale.
