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Solana Writedowns Push Forward Industries to $69 Million Q3 Loss
- Forward Industries posted a $69 million fiscal Q3 loss on Solana writedowns.
- The firm held 7.55 million SOL on June 30, lifting SOL per share 9%.
- Revenue quadrupled to $10.8 million as FWDI dipped 1.36% in after-hours trading.
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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.
Novo Nordisk CEO Concedes Eli Lilly’s Market-Share Gains as Stock Slumps
- Novo Nordisk CEO Mike Doustdar admitted Eli Lilly is winning market share from Novo.
- Doctors have written over 5 million oral Wegovy prescriptions since January 2026.
- NVO shares fell roughly 6% on August 4 despite a beat-and-raise earnings quarter.
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Crypto Whale Loses $25.6 Million 2 Years After $24 Million Phishing Attack
- An attacker drained $25.6 million in crypto from an unknown whale.
- PeckShield says the hacker now holds the funds across 4 addresses.
- The same wallet lost $24.24 million to phishing in September 2023.
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Japan Escaped a 30-Year Economic Slump, But Crypto Could Pay the Price
- Japan is posting nominal growth for the first time in decades, JPMorgan says.
- Ending deflation means rate hikes that squeeze the cheap-yen funding trade.
- The 2024 unwind cut Bitcoin 25%. The next test comes by October.
Gold Price Climbed After July Inflation Data, But Bitcoin Didn’t. Why?
- CryptoQuant says Bitcoin is forming a macro bottom, but capitulation is incomplete.
- Fed pause odds hit 61.9% after July CPI cooled to 3.4% annually.
- Gold gained 0.5% as traders abandoned rate hike bets within weeks.
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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.
Why is Ethereum Price Stuck Below $2,000?
- Ethereum DEX volume has halved since spring, yet capital keeps locking in near $42B
- Whales quietly cut about $3 billion in ETH since August 10 as price held
- Ethereum price has stalled at $1,915 seven times, and try eight decides direction
