ChainCatcher news reports that financial documents show Telegram's revenue reached $525 million in the first half of this year, a 190% increase compared to the same period in 2023. Of this, $225 million came from a one-time Toncoin advertising transaction. Telegram's digital asset value significantly increased in the first half of 2024, rising from nearly $400 million at the end of last year to $1.3 billion.According to the documents, nearly half of the revenue ($225 million) came from a one-time transaction with an unnamed institution. Under the terms of the deal, Telegram "was compensated" in exchange for allowing the cryptocurrency Toncoin to be the exclusive payment method for small businesses to purchase ads on the app.The documents indicate that this exclusive agreement was terminated on October 1. Telegram achieved a net profit of $335 million in the first half of this year. Compared to the full-year revenue of $342 million and a loss of $173 million in 2023, these figures suggest that Telegram was on track for its first annual profit before Durov's detention.

ChainCatcher news, according to CoinDesk, Binance stated in its latest announcement that it expects its full-time compliance team to reach 645 people by the end of 2024, a 34% increase from November last year. Including contractors, there are currently over 1,000 employees focused on compliance work.Binance's Chief Compliance Officer Noah Perlman stated that the crypto industry has entered a new stage of maturity, where regulatory compliance has become a fundamental standard for user experience and protection, business success, and responsible growth. The latest compliance talents include former PayPal Global Financial Crimes Compliance Head Todd McElduff, as well as special investigation experts Céline Inial and Caner Akyürek from law enforcement agencies in France and Turkey, with nearly 20 years of experience. In 2023, Binance's compliance spending increased by 36% year-on-year.

ChainCatcher news, Canaan Inc. (NASDAQ: CAN) today released its unaudited financial performance report for the period ending September 30, 2024.The report shows that total revenue for the quarter was $73.61 million, an increase of 120.9% year-over-year; total sales hash rate was approximately 7.3 million Thash/s, an increase of 93.8% year-over-year; mining revenue was $8.96 million, with 147 bitcoins mined, averaging $61,034 per bitcoin; operating loss was $56.84 million, narrowing by 49.6% year-over-year.As of September 30, 2024, the company held a total of 1,231.3 bitcoins, with a fair value of cryptocurrency assets and cryptocurrency receivables totaling $79.02 million.

ChainCatcher news, the virtual asset exchange Bithumb announced that its operating profit for the third quarter of 2024 was 7.4 billion won (5.26 million USD), turning around from an operating loss of 650 million won in the same period last year. Revenue was 68.9 billion won (49.01 million USD), an increase of 112.7% year-on-year. The net profit for the period was 3.1 billion won, reversing from a net loss of 10.6 billion won in the same period last year.A Bithumb representative stated: "With the overall increase in attention to virtual assets, investor sentiment has recovered, and the number of virtual asset trading users has also increased, leading to improved performance."

ChainCatcher news, according to The Block, the zero-commission trading platform Robinhood has released its third-quarter financial report. The data shows that the cryptocurrency trading volume reached $14.4 billion in the quarter, a year-on-year increase of 112%, but a decline compared to $21.5 billion in the second quarter and $36 billion in the first quarter. In terms of stock trading, the trading volume reached $286.2 billion, a year-on-year increase of 65%.Specific revenue data shows that Robinhood's total revenue for the third quarter was $637 million, slightly below the market expectation of $651 million. Among this, transaction-related revenue increased by 72% year-on-year to $319 million. Breaking it down: cryptocurrency trading revenue was $61 million, a year-on-year increase of 165%, but a decrease from $81 million in the previous quarter; options trading revenue was $202 million, a year-on-year increase of 63%; stock trading revenue was $37 million, a year-on-year increase of 37%.The company's Chief Financial Officer Jason Warnick stated, "The third quarter performed strongly, with revenue increasing by 36% year-on-year, most of which converted into profit. We have set a goal to achieve another year of profit growth in early 2024 and are pleased to have broken revenue and earnings per share records." Notably, Robinhood's assets under custody (AUC) increased by 76% year-on-year to $152.2 billion, primarily driven by continued net deposits from users and rising valuations of stocks and cryptocurrencies. Additionally, the company has confirmed this month that it will expand support for Bitcoin and Ethereum futures products and has launched contract products this week that allow users to predict the outcome of the U.S. presidential election.

ChainCatcher news, according to Cointelegraph, based on data released by the Central Bank of Brazil on October 29 and local media reports, Brazil's digital asset imports reached $1.4 billion in September, a 40% increase compared to approximately $1 billion in the same period of 2023.While imports surged, digital asset exports remained relatively stable, totaling only $44 million in September 2024, compared to $45 million in the same period last year. As a result, the country's net crypto asset transactions brought in $1.385 billion in remittances, up from $987 million in September 2023.The Central Bank of Brazil's report includes transactions of cryptocurrencies and stablecoins, with the latest transactions accounting for 70% of all transactions. This data reflects an increase in crypto activity in 2024 compared to 2023. From January to September, Brazil's total cryptocurrency imports amounted to $13.7 billion, a significant increase from $8.4 billion in the same period last year. Year-to-date, net imports have grown by 60%.

ChainCatcher news, according to Jinshi reports, the U.S. September unadjusted core CPI year-on-year is 3.3%, expected 3.2%, previous value 3.20%.

ChainCatcher news, according to Citibank's "2024 Global Family Office Survey," the number of family offices optimistic about cryptocurrencies has doubled this year from 8% last year to 17%, with direct investment remaining their preferred investment method.The report indicates that family offices' interest in digital assets continues to grow from a low base. Whether large family offices with assets under management exceeding $500 million or small family offices with less than $500 million, the level of interest in digital assets is similar, with direct cryptocurrency investments and cryptocurrency-related investment funds being their top priorities.Compared to small family offices, large family offices show greater interest in tokenized real-world assets (RWA), with 11% of large family offices having exposure to cryptocurrencies, while the figure for small family offices is only 3%. On the other hand, small family offices have a greater demand for derivatives, with 8% holding exposure to these products, compared to 3% for large family offices.The Asia-Pacific region is leading in digital asset adoption, with 37% of family offices investing in or interested in investing in digital assets. One in every 20 family offices in the region reports that digital assets account for more than 10% of their investable assets. Meanwhile, family offices in Latin America show the least interest, with 83% of family offices not prioritizing allocations to digital assets.

ChainCatcher news, according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has shown a significant increase in enforcement actions in the cryptocurrency industry in 2024. According to a report released by Social Capital Markets, the total fines imposed by the SEC on cryptocurrency companies and executives this year have surged to $4.7 billion, a staggering 3018% increase from $150.3 million in 2023.The report indicates that the SEC has carried out 11 enforcement actions this year, a decrease of 19 from the previous fiscal year, but the total fines have reached a historic high. Notably, the $4.47 billion settlement reached by the SEC in June 2024 with Terraform Labs and its former CEO Do Kwon constitutes the "largest single enforcement action to date."Data analysis shows that the SEC is shifting towards a strategic adjustment targeting high-impact cases. Since 2020, 46% of the total fines have been below $1 million, while 30% fall within the range of $1 million to $10 million. It is worth noting that the SEC's $1.24 billion enforcement action against Telegram in 2019 (which included a $18.5 million civil penalty and $1.2 billion in asset recovery) led to an almost 2000% year-on-year increase in the average fine amount for that year, exceeding $70 million.

According to ChainCatcher's message, monitoring by Lookonchain shows that the Gas revenue on the Tron network increased by 46.54% in August compared to July. Additionally, the Gas revenue on the BSC network also saw a year-on-year increase of 6.63% in August.In contrast, the Gas revenue on the Ethereum network decreased by 33.44% year-on-year; the Solana network decreased by 48.51%; and the Bitcoin network decreased by 16.85%.

ChainCatcher message, according to a report by Immunefi, shows that as of 2024, the crypto industry has experienced a total of 154 hacking and theft incidents, resulting in a loss of $1.21 billion in digital assets. This figure represents a 15.5% increase compared to the same period in 2023, when the total losses were slightly above $1 billion.

ChainCatcher News: The U.S. Bureau of Labor Statistics has released the employment and wage survey report for the first quarter of 2024. In March 2024, the total number of jobs in the 370 largest counties in the U.S. was 153.5856 million, an increase of 1.3% year-over-year. In the first quarter of 2024, the average weekly wage in the U.S. rose to $1,527, an increase of 4.2% year-over-year.

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, Hong Kong listed company OSL Group has released its interim results announcement for the six months ending June 30, 2024.Key performance data:The International Financial Reporting Standards revenue from digital asset and blockchain platform business was HKD 123.8 million, a year-on-year increase of 17.7% compared to HKD 100.52 million last year;The loss from continuing operations significantly decreased by 90.2% year-on-year from HKD 98.9 million to HKD 9.6 million;The digital asset balance includes approximately HKD 179 million held by the Group in designated client accounts under various contractual arrangements (December 31, 2023: HKD 639 million). Additionally, it includes the Group's proprietary digital assets of approximately HKD 258 million (December 31, 2023: HKD 184 million). The balance is measured at fair value through profit or loss;As of June 30, 2024, the fair value of digital assets received from clients and held on their behalf by the wholly-owned subsidiary and Hong Kong Securities and Futures Commission licensed corporation OSL Digital Securities Limited was approximately HKD 3.612 billion (December 31, 2023: HKD 874 million).

ChainCatcher news, according to Jinshi reports, the U.S. July unadjusted CPI year-on-year is 2.9%, expected 3.00%, previous value 3.00%.

ChainCatcher news, CoinShares announced its Q2 2024 performance, with Q2 revenue of £22.5 million, a year-on-year increase of 110% compared to £10.7 million in Q2 2023. As a result, CoinShares' total comprehensive income for Q2 2024 amounted to £25.8 million (compared to £5.3 million in the second quarter of 2023).In addition, CoinShares successfully completed the sale of its FTX claims on June 24, achieving a net brokerage fee recovery rate of 116%, translating to a return of £28.7 million.

ChainCatcher news, Bitcoin mining company Bitfarms reported a 34% month-over-month increase in revenue due to enhanced mining power following upgrades and expansions of their mining rigs. In July, Bitfarms produced 253 BTC, worth approximately $16.2 million at current market prices, a significant increase compared to the 189 BTC (worth $12.1 million) produced in June.As of July 31, the company reported an operating hash rate of 11.1 EH/s, a year-over-year increase of 109% and a month-over-month increase of 7%. Additionally, the company's average operating hash rate in July was 10.3 EH/s, a 36% increase from June.

ChainCatcher news, according to Jinshi reports, the U.S. core PCE price index for June is 2.6% year-on-year, expected 2.5%, previous value 2.6%.