The company has posted $46.7 billion in revenue for the quarter, despite restrictive export controls from the US-China trade war. Computer chip manufacturer Nvidia reported its financial results for the second quarter of its 2026's fiscal year, beating Wall Street expectations for revenues and earnings per share (EPS). Nvidia reported Q2 revenue of $46.7 billion, a 6% rise over the previous quarter, and over $26.4 billion in net income. The company’s revenue was up by 56% from the previous year, according to Wednesday’s announcement. The company disclosed EPS of $1.08, using GAAP accounting, and $1.05 EPS for non-GAAP. Nvidia also posted a profit margin of around 72.4% for the quarter. Read more
Circle is embedding USDC into global payment networks as part of a broader push spanning Africa, Asia, Europe and the Middle East. Circle has unveiled two partnerships to embed stablecoins settlement into mainstream finance. New deals with Mastercard and Finastra aim to expand USD Coin's role to merchants and banks worldwide. Mastercard said on Wednesday that it will enable acquirers and merchants in Eastern Europe, the Middle East and Africa (EEMEA) to settle transactions in USDC (USDC) and Euro Coin (EURC). Arab Financial Services and Eazy Financial Services will be the first to adopt the service, marking the first stablecoin settlement available through Mastercard in the region. Finastra, a London-based financial software provider, also announced on Wednesday the integration of USDC into its Global PAYplus platform, which is said to processes more than $5 trillion in cross-border transactions daily. Read more
Google Cloud’s Web3 head used a LinkedIn post to brand the company's upcoming Universal Ledger as a neutral blockchain for financial institutions. Google Cloud’s head of Web3 strategy used a LinkedIn post to share new details on the company’s in-development layer-1 blockchain, the Google Cloud Universal Ledger (GCUL). Rich Widmann described the blockchain as the result of “years of R&D at Google,” designed to be credibly neutral and compatible with Python-based smart contracts. According to Widmann, GCUL is meant to serve as an open infrastructure layer for financial institutions. “Tether won’t use Circle’s blockchain — and Adyen probably won’t use Stripe’s blockchain,” he said, suggesting that Google’s network reported neutrality could help broaden adoption. Read more
A plan to halve Tron’s energy costs is winning strong support ahead of Friday’s deadline, with backers betting lower fees will expand adoption. A GitHub proposal to realign the Tron blockchain’s fee structure with broader adoption goals is gaining traction ahead of Friday’s voting deadline, signaling that network stakeholders are prioritizing accessibility — even at the risk of introducing net inflation in TRX supply. The proposal, titled “Decrease the transaction fees” (Issue #789), was submitted on Aug. 8 by GitHub user GrothenDI in the Tron Improvement Proposals repository. It calls for reducing the energy unit price to 100 sun from 210 sun, effectively halving the cost of transactions that consume energy. One TRON (TRX) token equals 1,000,000 sun — the smallest divisible unit of TRX, similar to a satoshi for Bitcoin (BTC). Read more
BNB Chain reportedly offers between 1.5% and 3% yield for staking its native token BNB, which may sweeten the pot for investors. REX Shares and Osprey Funds (REX-Osprey) have filed with the US Securities and Exchange Commission for a BNB exchange-traded fund (ETF) featuring staking yield. The filing comes as asset managers step up their push into crypto ETFs and yield-generating strategies. According to the filing, the REX-Osprey BNB + Staking ETF would allocate at least 80% of its capital to BNB (BNB), the native token of the Binance ecosystem, or gain exposure to the asset through a Cayman Islands subsidiary. The remaining assets could be invested in other ETFs or exchange-traded products offering additional BNB exposure. BNB staked on the Binance Chain, which uses a proof-of-staked-authority consensus, is estimated to generate annual yields of 1.5% to 3% for the network's validators. Read more