Google parent Alphabet profit surges 29% in Q2 amid AI splurge
The firm’s CEO, Sundar Pichai, said its AI products have already generated “billions” in revenue from its cloud business.
Citi upgrades Coinbase shares to ‘buy’ citing ‘shifting’ US politics
Analysts from Citi Group said a potential “crypto-friendly” administration and growing revenues are bullish catalysts for Coinbase shares.
Spot Ethereum ETFs seen with over $1B in trading volume on debut
Bloomberg ETF analyst Eric Balchunas said the $625 million in trading volume excluding Grayscale’s ETHE was “healthy” and expects a “sizeable chunk” of that sum will convert to inflows.
BlackRock Bitcoin ETF inflows surpass 'magnificent 7' stocks as trader eyes $88K
Bitcoin price could reach above the $88,000 mark by September, driven by continued Bitcoin ETF inflows.
Crypto Super PAC spends $1.7M on media buys as Arizona primary looms
Protect Progress used roughly $415,000 to fund a media buy for former Aspiration CEO Andrei Cherny, a Democrat running for Congress in Arizona’s 1st District.
Senator Cynthia Lummis releases report attacking Biden’s mining tax
The pro-crypto senator claimed that Bitcoin mining consumes as much energy as household appliances such as tumble dryers.
Riot subsidiary Whinstone US sues former JV partner over revenue flow
The partners at the Texas facility had troubled relations almost from their start in 2020.
Kamala Harris could be ‘far more open’ to crypto business, Mark Cuban says
Kamala Harris’ campaign team is reportedly seeking input on crypto policy ahead of the Democratic National Convention.
Wintermute in $300M funding talks, Tencent interested: Report
The crypto market maker could have a valuation of $2 billion if the talks come to fruition.
Bill targeting illicit use of crypto passes US House
The Financial Technology Protection Act passed the House of Representatives by voice vote roughly a year after lawmakers sent it out of committee.