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Solana Company Q2 Loss Hits $30.3 Million as SOL Treasury Suffers
- Solana Company posted a $30.3 million second-quarter net loss.
- Staking drove $2.5 million in revenue at 97% gross margin.
- HSDT stock fell 5.56% and closed Friday at $1.70.
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The Web’s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans
- Micropayments died since the 1990s on cognition, not technology.
- x402 removes the human, not the friction, from the decision.
- Average x402 payment is 32 cents, not a fraction of a cent.
Bitcoin Drop Cost Abu Dhabi $118 Million: Will They Sell?
- Abu Dhabi's two sovereign funds lost $118 million on IBIT without selling a share
- The stake topped $1 billion in May before June wiped out $302 million
- IBIT is now the Investment Council's largest disclosed US equity position
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Disney Stock Extends Rally as New Avengers Doomsday Trailer Drops
- Marvel premiered a new Avengers: Doomsday trailer on Friday.
- Disney stock rose 1.96% on the day to close at $106.85.
- The trailer gives Robert Downey Jr.'s Doctor Doom a grief-driven motive.
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Anthropic’s Model 2 Beats Mythos 5, But the Public Will Not Get It
- Anthropic says internal Model 2 outperforms Mythos 5 across many key tasks.
- The company has no plans to release Model 2 to the public.
- Polymarket traders price a $1.8 trillion IPO debut near 65% odds.
Upbit Profit Crashes 85% Months After Korean Giants Paid $1.5 Billion to Buy In
- Dunamu's Q2 operating profit fell 85% as Upbit fee income dried up.
- Operating margin sank from 88% in 2021 to 14% last quarter.
- Samsung, Hana and Hanwha paid $1.5 billion for Dunamu shares in May.
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Stablecoin Banking Competition Expands Beyond Settlement
- Stablecoins are gaining ground across payments, payroll, business transfers and settlement.
- Card issuance, foreign exchange, compliance and account management offer providers greater revenue opportunities and stronger customer relationships.
- Stablecoin neobanks face growing responsibility as they combine payments, yield, credit and trading within one product.
Binance Blacklists HTX and 10 Other Crypto Platforms: Are Your Funds at Risk?
- Binance stops processing transactions involving HTX and 10 other platforms on August 23.
- The list matches the EU sanctions package that takes legal effect the same day.
- Transfers sent after the cutoff can be frozen for a compliance review.
