30m ago
SharpLink reports $1.08B six-month net loss as $1.7B Ethereum treasury may take 90 days to fully convert to cash
Ethereum treasury company SharpLink reported a $1.08 billion net loss for the six months ended June 30, driven largely by noncash, price-related accounting charges. The filing attributed $827.7 million of the loss to an unrealized decline in ETH and $267.8 million to impairments of LsETH and weETH. The loss was 934.3% higher than the roughly $104.4 million recorded a year earlier. As of June 30, SharpLink held $56.2 million in cash while its roughly $1.7 billion Ethereum treasury could take about 90 days to fully convert into cash.
ETH
ETH-2.05%
30m ago
55m ago
Westpac shares slide 6% to $35.70 after Q3 update
Westpac shares fell 6% on Monday to 35.70 Australian dollars after a third-quarter update showed net profit excluding one-off items of A$1.8 billion, up 2% from the prior half’s quarterly average, while net interest margin was steady at 1.89%. The bank’s average monthly mortgage applications eased from about 29,000 to roughly 26,000, suggesting softer momentum in a business dominated by home lending. Westpac expects Australian housing credit growth to slow from 6.8% in FY26 to 4.7% in FY27. Mortgage 90-day delinquencies were 0.58% and 85% of balances were ahead on repayments when offset accounts were included.
55m ago
1h ago
Life360 posts record Q2 FY26 as revenue rises 38% to US$159 million and users top 100 million
Life360 reported Q2 FY26 revenue up 38% year over year to US$159 million, while adjusted EBITDA rose 53% to US$31.1 million. Global monthly active users reached about 102.4 million after a net increase of 4.6 million, and Paying Circles climbed to 3.2 million. Advertising revenue hit a record US$22 million, up 315%, and operating cash flow rose 79% to US$23.8 million. The company ended the quarter with about US$467.7 million in cash and short-term investments.
1h ago
1h ago
North Korea-linked Kimsuky builds local AI setups to sharpen attacks on crypto and finance
North Korea-linked hacking group Kimsuky has been found setting up locally hosted large language model environments to incorporate AI into cyberattacks targeting the cryptocurrency and financial sectors. In the first half of 2026, North Korean hackers stole about $609 million—roughly 55% of the $1.1 billion lost across crypto hacks in the period—and Humanity Protocol lost $32 million. Blockchain investigator ZachXBT previously reported that North Korean IT workers earned more than $3.5 million in crypto by posing as developers, while leaked records showed the operation generated about $1 million a month.
HUMANITY
HUMANITY+3.67%
1h ago
2h ago
European gas jumps more than 10% as Strait of Hormuz talks fail to reassure traders
European benchmark gas futures surged more than 10% on Monday as traders remained unconvinced that negotiations involving Iran and Oman would quickly restore global LNG flows via the Strait of Hormuz. Europe’s storage sites are just under 59% full, well below the five-year seasonal norm of 76% and at the lowest seasonal level in records dating back to 2009. Citigroup strategists including Maggie Xueting Lin expect inventories to reach about 74% by the end of October if Middle East LNG exports gradually resume from mid-August, but warned of demand-spike risks if El Niño brings extreme cold spells, according to Bloomberg. Dutch TTF front-month futures settled at €61.24 per megawatt-hour, while US gas futures also posted their biggest gain in more than two months on short-covering tied to swings in weather forecasts.
2h ago
2h ago
Chicago wheat jumps 2.5% as USDA report expected to tighten global grain supplies
Chicago wheat futures climbed as traders positioned for the US Department of Agriculture’s monthly supply-and-demand report, which is expected to show tighter global grain supplies. The most-active contract rose as much as 2.5% intraday to its highest level since July 30 before giving back some gains. The Black Sea remains the main export gateway for Russia and Ukraine, which together account for over a quarter of global seaborne wheat shipments and a 10th of corn. Markets are focused on the prospect of a tighter supply outlook.
2h ago
2h ago
Nasdaq gives $675 million Avalanche Treasury until Feb. 2, 2027 to fix two listing deficiencies
Nasdaq has issued a delisting warning to Avalanche Treasury (ticker AVAT) after its closing price stayed below $1 for 33 consecutive business days and its market value of listed securities remained under $35 million. AVAT shares are around $0.32, meaning the stock would need to more than triple to meet the $1 minimum. It would also need its market value of listed securities to recover to at least $35 million to regain compliance. A related report said Eric Trump’s American Bitcoin plans a 1:15 reverse stock split to avoid delisting and holds 8000 BTC.
BTC
BTC-1.41%
2h ago