ChainCatcher message, Ethereum Foundation's Justin Drake answered the question "How many years or months does the Ethereum Foundation have left before running out of funds?" during the AMA.Justin Drake shared his personal understanding: "The Ethereum Foundation's financial report is expected to be released soon. At the current price, the EF spends about $100 million per year, and the EF's main Ethereum wallet holds about $650 million. The Ethereum Foundation (EF) has a fiat reserve that can cover several years of operating funds. (This is the part I understand the least. As Aya mentioned, Ethereum sales were temporarily paused due to regulatory reasons, so the reserves were only replenished recently.) Roughly estimated, the foundation has about 10 years of funding reserves. This funding reserve will fluctuate significantly due to the volatility of Ethereum's price."

ChainCatcher news, NVIDIA's revenue for the second quarter reached $30 billion, a year-on-year increase of 122%, exceeding analysts' expectations of $28.86 billion. The data center revenue for the second quarter was $26.3 billion, a year-on-year increase of 154%, while analysts had expected $25.08 billion; the expected revenue for the third quarter is $32.5 billion, with a fluctuation of 2%, compared to analysts' expectations of $31.9 billion; the gaming revenue for the second quarter was $2.9 billion, a year-on-year increase of 16%, exceeding analysts' expectations of $2.79 billion; the adjusted gross profit margin for the second quarter was 75.7%, compared to 71.2% in the same period last year, while analysts expected 75.5%; the adjusted earnings per share for the second quarter was $0.68, compared to $0.27 in the same period last year, with analysts expecting $0.64; the net profit for the second quarter was $16.599 billion, a year-on-year increase of 168%, exceeding analysts' expectations of $14.64 billion; the quarterly dividend per share remains unchanged at $0.01; an additional $50 billion stock buyback plan has been approved.NVIDIA also predicts that the gross margin for the third quarter may be lower than market expectations, and the revenue is generally in line with expectations. The company's stock price fell 3% in after-hours trading, but has risen over 150% so far this year.

ChainCatcher news, according to The Block, despite Nvidia's stock price rising in pre-market trading, the prices of major AI-related cryptocurrencies have still declined in the past 24 hours. Leading AI cryptocurrencies such as Near Protocol, Internet Computer, Artificial Superintelligence Alliance, and Bittensor fell by 8%, 5%, 9%, and 8% respectively.CoinGecko data shows that the market capitalization of AI tokens has dropped to $23.9 billion, a decline of over 6%. The market is closely watching Nvidia's upcoming earnings report, which is expected to be released after the market closes on Wednesday Eastern Time. Analysts say that Nvidia's strong earnings report could drive the market to new highs, while any signs of weakness could trigger a significant pullback.

ChainCatcher news, according to analysis by HODL15Capital, the payment service provider Block, founded by Twitter's Jack Dorsey, reported that as of June 30, its Bitcoin revenue reached $5.34 billion. If this pace continues, it is expected to sell $10 billion worth of Bitcoin this year. Note: Bitcoin revenue refers to the total sales of cryptocurrency sold to customers.It is reported that the payment service provider Block's net revenue for the second quarter was $6.16 billion, while the market expected $6.27 billion, compared to $5.535 billion in the same period last year; the adjusted EBITDA for the second quarter was $759 million, with analysts expecting $685.7 million; the Bitcoin revenue for the second quarter was $2.61 billion, with analysts expecting $2.73 billion. The adjusted EBITDA for the third quarter is expected to be $695 million, with analysts expecting $669.5 million; the adjusted EBITDA for the full year is expected to be $2.9 billion, up from a previous estimate of $2.76 billion, with analysts expecting $2.8 billion.

ChainCatcher news, according to GlobeNewsWire, Bitcoin mining company BitFuFu announced its unaudited financial results for the second quarter ended June 30, 2024. Total revenue reached $129.4 million, a year-on-year increase of 69.7%.Among them, revenue from cloud mining solutions was $77 million, a year-on-year increase of 66.8%; revenue from Bitcoin self-mining business was $51.1 million, a year-on-year increase of 81%. Net income was $1.3 million, compared to $5.1 million in the same period of 2023. As of June 30, 2024, the combined balance of cash, cash equivalents, and digital assets was $155 million, compared to $76 million as of December 31, 2023.

ChainCatcher news, according to Cointelegraph, the U.S. SEC has reached a settlement with Ideanomics over a $40 million cryptocurrency revenue fraud financial reporting.The SEC accused Ideanomics of reporting over $40 million in revenue through false accounting related to cryptocurrency trading in 2019. This false reporting led to an overstatement of financial statements, deceiving shareholders and the public, causing them to misunderstand the company's financial condition.Reportedly, all parties involved agreed to the settlement, neither admitting nor denying the findings of the U.S. SEC's investigation. Former Chairman and CEO Bruno Wu agreed to pay over $3.3 million in illegal gains, pre-judgment interest, and a $200,000 penalty.Ideanomics agreed to pay a $1.4 million fine and will hire an independent compliance consultant to review and strengthen its internal accounting controls.

ChainCatcher news, Tether released its Q2 2024 financial report, showing that its profits for the first half of 2024 reached a record high of $5.2 billion, with net operating profit reaching $1.3 billion, marking Tether's best performance ever. Additionally, Tether's holdings of U.S. Treasury bonds exceeded $97.6 billion, also setting a new record.The total reserve of Tether tokens in circulation amounts to $118,436,336,293, while the total liabilities of the company issuing Tether tokens stand at $113,101,998,938, of which $112,395,445,973 is related to the issued digital tokens.

ChainCatcher news, European market maker Flow Traders announced its unaudited financial report for the second quarter of 2024.In the second quarter of 2024, Flow Traders reported a net trading income of €79.5 million, total revenue of €76.2 million; total operating expenses were €55.2 million; and net profit was €12.8 million.As of the end of the second quarter of 2024, Flow Traders had trading capital of €624 million, generating a 56% return on trading capital.Previous news, Flow Traders had confirmed that it is the lead market maker for the 21Shares Ethereum spot ETF.

ChainCatcher news, according to Watcher.Guru, Tesla announced its Q2 financial report, revealing that its $640 million worth of Bitcoin has not been sold.In addition, Tesla (TSLA.O) reported Q2 2024 revenue of $25.5 billion, with market expectations at $24.8 billion, compared to $24.927 billion in the same period last year.

ChainCatcher news, according to GlobeNewswire, Bitcoin-listed mining company and blockchain technology provider Phoenix Group announced its Q1 financial report, with the following highlights:Net profit reached $66.2 million, a year-on-year increase of 166%;Total assets increased by 237% year-on-year, rising from $261 million to $879.3 million;Total assets grew by 5% quarter-on-quarter;Revenue increased by 18% quarter-on-quarter, reaching $68.9 million;Gross profit grew by 82.8% quarter-on-quarter, reaching $23.28 million;Total comprehensive income increased by 312% year-on-year to $102.28 million, and grew by 33.7% quarter-on-quarter;Earnings per share were $0.011.

ChainCatcher news, according to The Block, Animoca Brands stated in its latest unaudited financial disclosure that it holds $558 million in digital assets on its balance sheet, including $291 million in cash and stablecoins.The company noted that this financial data does not include the value of the company's approximately 400 minority equity investments in Web3 companies, which are currently undergoing valuation work.Animoca Brands stated that the off-balance-sheet token reserves of "all Animoca Brands Web3 subsidiaries" are approximately $1.8 billion, which includes about $1.3 billion in liquid tokens and $542 million in low-liquid tokens. Animoca Brands has multiple subsidiaries, including the metaverse platform The Sandbox.

ChainCatcher news, Intercontinental Exchange (ICE) subsidiary digital asset company Bakkt released its financial report, with total revenue growing to $780 million in 2023, but a net loss of $226 million, a decrease of 89% compared to the previous year.Bakkt stated that its revenue growth from $56 million in 2022 was attributed to the successful acquisition and integration of Bakkt Crypto (formerly Apex Crypto) in April last year. However, due to increased costs related to cryptocurrency trading, the platform's operating expenses soared to over $1 billion.

ChainCatcher news, according to Cointelegraph, the crypto data analysis platform Arkham has recently added a Bitcoin wallet tracking feature for Tesla on its dashboard. The BTC wallet associated with Tesla shows a balance of 11,509 BTC, which is approximately 1,789 BTC more than the 9,720 BTC balance reported in the last financial report.It is reported that users on the X platform are curious whether Tesla has started to buy back Bitcoin, or if the recent digital changes are due to accounting errors. Some users suggest that the company may have begun purchasing BTC after the last earnings call and might report the newly acquired BTC in the next financial call. Tesla and Musk have not commented on whether Tesla has purchased Bitcoin.

ChainCatcher news, the fintech company Block, led by former Twitter CEO Jack Dorsey, released its fourth-quarter earnings report for 2023, showing that the total sales of Bitcoin sold to customers amounted to $2.52 billion, a year-on-year increase of 37%, with a profit of $66 million, a year-on-year increase of 90%. As of December 2023, the company has achieved a profit of $207 million from its Bitcoin investments.