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Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down

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Block Inc. posted $1.47B worth of profit in Q2 but BTC trading services profit only accounted for $41 million of that figure, with the firm citing price volatility and a lack of consumer demand.

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Coin Market

US authorities freeze $344M in crypto linked to Iran

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The announced crypto freeze came just one day after Tether said it had frozen $344 million of its USDt stablecoin in response to a request from US law enforcement.

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Bitcoin developer Paul Sztorc announces BTC hard fork called eCash

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The hard fork will introduce a new, competing layer-1 blockchain and seven layer-2 scaling networks, according to Sztorc’s announcement.

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Aurelion allocates $48M in tokenized gold to newly launched yield protocol

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The XAUE protocol lets holders earn yield on tokenized gold through lending and trading strategies while maintaining exposure to the underlying asset.

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