Bitcoin price action sank to one-week lows ahead of US CPI data, while retail investors piled into gold ETFs and XAU/USD hit its highest levels in nine weeks. Bitcoin (BTC) headed lower around Tuesday’s Wall Street open as investors’ appetite for gold sent the precious metal to nine-week highs. Key points: Data from TradingView showed BTC/USD abandoning a low-timeframe rebound to drop back below $64,000. Read more
Shipfinex plans to bring 35 vessels onchain through ADI Chain as tokenization expands into the multitrillion-dollar maritime industry. Dubai-based maritime asset tokenization platform Shipfinex partnered with ADI Chain to tokenize a pipeline of around 35 vessels worth $500 million, as it looks to open new financing channels for shipowners. According to the company, the vessels will be placed in separate special-purpose vehicles, with the resulting tokens potentially representing vessel-backed credit, charter-linked income or other economic interests in individual ships. ADI Chain, an Abu Dhabi-based blockchain focused on stablecoins and real-world assets, will provide the distribution and settlement infrastructure. Primary allocations and distributions are expected to use UAE dirham-, US dollar- and other currency-denominated stablecoins. Read more
SharpLink reported a net loss of $394 million in the second quarter of 2026, largely driven by Ether’s 23% decline during the quarter. SharpLink, the second-largest Ether treasury company, reported a net loss of $394 million for the second quarter of 2026, compared to a $103 million net loss during the same period last year. The loss included $321 million in unrealized crypto losses and $76 million in impairments on staked Ether (ETH) tokens, according to a Monday announcement. The Miami, Florida-based Ether treasury company said it generated $11.5 million in revenue, including $11.1 million from ETH staking. Cash and cash equivalents totaled $56 million, up from $28 million in December 2025. Read more
Trading platform eToro will acquire TradeZero as part of its US expansion as it reported crypto-related revenue fell by about 30% compared to the second quarter of 2025. Trading platform eToro plans to acquire US online brokerage TradeZero as part of its US expansion plans, the company announced Tuesday. In its second-quarter report, eToro reported $1.59 billion in revenue, down from $2 billion in the comparable 2025 period. Of that, $1.34 billion was revenue from crypto assets, down about 30% from $1.9 billion in Q2 of 2025. However, eToro reported $1.35 billion in crypto-related cost of revenue and $19.7 million in net income from crypto assets. Total net income was $53.4 million. Equities and commodities-related trading generated $141 million in net income for the platform. Read more