ChainCatcher news, according to Defillama data, dYdX's net income over the past 30 days was $1.41 million, and the net income over the past 7 days was $184,000.Previous news, dYdX launched a buyback plan, with 25% of the protocol fees allocated for token buybacks.

ChainCatcher news, according to CoinDesk, Bitcoin mining company Hut 8 released its 2024 financial report showing that the company achieved a net income of $331 million and revenue of $162 million for the year, benefiting from the rise in Bitcoin prices. As of the end of 2024, Hut 8 holds 10,171 Bitcoins, valued at approximately $905 million at current prices, most of which has been used as collateral to purchase more ASIC miners.The report indicates that Hut 8's energy cost per megawatt hour in the fourth quarter decreased by 30% year-on-year to $31.63. As of the end of December 2024, the company manages approximately 1,020 megawatts of power and has expansion plans exceeding 12,300 megawatts.Hut 8 deepened its collaboration with Bitmain, one of the world's largest mining machine manufacturers, signing a hosting agreement expected to generate $125 million in annual revenue and jointly developing the next generation of ASIC miners. At the same time, the company is increasing its investment in artificial intelligence infrastructure, with its subsidiary Highrise AI signing a five-year GPU-as-a-service customer agreement and receiving a $150 million strategic investment from Coatue to support the development of its AI business.

ChainCatcher news, Bitcoin mining company Riot Platforms reported a record high annual revenue for 2024, primarily driven by an increase in its mining income. Riot's total revenue for 2024 reached $376.7 million, a year-on-year increase of 34.2%. Last year, its net income expanded to $109.4 million, while the net loss for 2023 was $49.4 million.

ChainCatcher news, according to data released by ARK Investment Management, in the first half of 2024, Tether's per capita net income significantly exceeded that of major financial institutions including Visa, Mastercard, Berkshire Hathaway, JPMorgan Chase, American Express, and Bank of America.The data shows that Tether consistently ranks at the top of the chart, demonstrating a significant operational efficiency advantage.

ChainCatcher news, according to CNBC, the Trump family's cryptocurrency project World Liberty Financial (WLF) has released a 13-page "World Liberty Gold Paper" document detailing the project's mission and token distribution plan. The document shows that the Trump family will receive 75% of the project's net profits while incurring no liabilities.According to the document, the Delaware company DT Marks DEFI LLC, associated with Trump, will receive 75% of the net protocol revenue. The Trump family will receive 22.5 billion WLFI tokens, valued at approximately $337.5 million based on this week's issuance price of 1.5 cents. The document emphasizes that Trump and his family members are not directors, employees, managers, or operators of WLF or its affiliates, and states that the project and tokens "are not related to any political activities."The remaining 25% of the net protocol revenue will belong to the Puerto Rican company Axiom Management Group (AMG), wholly owned by project co-founders Chase Herro and Zachary Folkman. AMG has agreed to allocate half of its revenue rights to Trump's close friend and political donor Steve Witkoff and affiliated companies of some of his family members, WC Digital Fi.

ChainCatcher news, Coinbase's second-quarter revenue was $1.4 billion, a year-on-year increase of over 100%, down 11% quarter-on-quarter, nearly in line with analysts' expectations of $1.37 billion. Net income was $36 million, and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) was $596 million. Coinbase achieved positive revenue growth for four consecutive quarters.In the second quarter, Coinbase's total trading volume was $226 billion, a 28% decrease from the first quarter, with trading revenue of $781 million, down 27% quarter-on-quarter. Subscription and service revenue grew by 17% to $599 million. Total operating expenses were $1.1 billion, up 26% quarter-on-quarter. Coinbase made good progress in revenue diversification in the second quarter, with subscription and service revenue reaching nearly $600 million. The balance sheet increased to $7.8 billion.It is worth mentioning that Coinbase's custody fee revenue in the second quarter was $35 million, up 7% quarter-on-quarter. The main driver was the average cryptocurrency asset price in the second quarter being higher than in the first quarter, also benefiting from its role as a custodian for BTC ETF products related to fund inflows. Additionally, Coinbase generated $240 million in USDC stablecoin interest income in the second quarter, up 22% quarter-on-quarter.

ChainCatcher news, according to CoinDesk, due to the pullback in the cryptocurrency market, digital asset financial services company Galaxy Digital (GLXY) reported a net loss of $177 million in the second quarter, nearly four times that of the same period last year.In addition, in the first half of the year, Galaxy's net revenue was nearly $245 million, an increase of over 175% compared to the first half of 2023.

ChainCatcher news, according to Bloomberg, cryptocurrency broker Bitpanda stated in a statement that following a net sales of 148 million euros (approximately 160 million dollars) in 2023, the company's revenue is soaring, with Bitpanda's net income exceeding 100 million euros in the first three months of 2024, thus profits for 2024 are expected to rebound to record levels.The privately held company based in Vienna recorded a pre-tax profit of 13.6 million euros last year, while in 2022 it suffered a loss of over 130 million euros. The company is currently benefiting from the recovery of cryptocurrency asset trading, optimization of its cost structure, and investment services provided in collaboration with banks. Bitpanda founder and CEO Eric Demuth stated, "We were able to endure through the long bear market and significantly expand with high profit margins during the bull market."

ChainCatcher news, according to Bloomberg, cryptocurrency trading platform Bitpanda, backed by billionaire Peter Thiel, expects that bank trading and the rise of digital assets may drive the company's profits to rebound to record levels in 2024.Bitpanda stated in a statement that following a net sales of 148 million euros (160 million dollars) in 2023, revenue is soaring, with net business income exceeding 100 million euros in the first three months of 2024.

ChainCatcher message, according to PayPal's announcement of its Q1 2024 fiscal year performance, its net income for Q1 2024 reached $7.7 billion, a year-over-year increase of 9%. Additionally, the GAAP earnings per share for Q1 2024 grew by 18% to $0.831; the non-GAAP earnings per share increased by 27% to $1.08 (based on the new non-GAAP method, which was $0.85 in Q1 2023). Total payment volume in the first quarter grew by 14% to $403.9 billion. Payment transactions increased by 11% to 6.5 billion. As of March 31, 2024, the company's total cash, cash equivalents, and investments amounted to $17.7 billion, with total debt of $11 billion.

ChainCatcher news, ZhongAn Online P&C Insurance Co., Ltd. (ZhongAn Online, 06060.HK) announced that its virtual bank ZA Bank, located in Hong Kong, achieved a net income of HKD 152 million in the first half of this year, a year-on-year increase of 13.0%. The net interest margin further increased to 1.87% during the interest rate hike cycle. As of the end of June, ZA Bank recorded a deposit balance of HKD 10.712 billion and total loans of approximately HKD 4.916 billion, with a loan-to-deposit ratio of 45.9%.ZA Bank's net loss improved by HKD 57 million compared to the same period last year, with the net loss rate narrowing by about 60 percentage points. In its semi-annual report, ZhongAn Online stated that ZA Bank is currently providing basic commercial banking services for Web3 enterprises, while also serving as a settlement bank for local licensed virtual asset exchanges such as HashKey Exchange, offering convenient fiat deposit and withdrawal services. In addition, ZA Bank plans to launch U.S. stock trading services in due course to further meet users' diverse investment and financial needs.

ChainCatcher message, Uniswap data shows that the trading volume of the ARB/ETH liquidity pool has exceeded 200 million USD, bringing a net income of 602,000 USD to liquidity providers (LP). (source link)

ChainCatcher news, the crypto-friendly bank Signature Bank reported a net income of approximately $300 million for the fourth quarter of 2022, with earnings per share of $4.65, a 10% increase from the net income of $272 million in the fourth quarter of 2021. The pre-tax, pre-provision earnings for the fourth quarter of 2022 were $450.6 million, up 16.9% compared to $385.4 million in the fourth quarter of 2021.The net income for 2022 reached a record $1.34 billion, or diluted earnings per share of $207.6, compared to $918.4 million in 2021, which had diluted earnings per share of $15.03, a year-over-year increase of 46%. The pre-tax, pre-provision earnings for 2022 reached a record $1.83 billion, an increase of 41.3% from $1.3 billion in 2021. (Source link)

ChainCatcher news, according to CoinDesk, Coinbase's financial report shows that its trading revenue for the third quarter was $366 million, a 44% decrease from the second quarter. Meanwhile, driven by an increase in interest income, Coinbase's subscription and services revenue rose 43% quarter-over-quarter to $211 million; total operating expenses were $1.1 billion, a 38% decrease from the second quarter; overall net income was $576 million, below the $646 million generally expected by FactSet analysts and also lower than the $803 million in the second quarter.In a letter to shareholders, Coinbase stated that its trading revenue continues to be significantly impacted by macroeconomic and crypto market headwinds, and it expects this situation to persist into 2023, with trading volume also shifting overseas. (CoinDesk)

ChainCatcher news, according to CoinDesk, the U.S. crypto-friendly bank Silvergate Bank saw a 73% increase in both net income and revenue attributable to shareholders in the third quarter, with net profit rising from $2,470 in the first quarter to $40.6 million, and customers increasing from 1,503 in the first quarter to 1,677. (CoinDesk)