The market began to slide during U.S. trading hours and is now approaching local lows. As of now, $BTC is trading at $115,764 and $ETH at $3,698, with Bitcoin dominance at 61.78%.
Coinbase missed Q2 2025 revenue expectations, reporting approximately $1.5B (vs. $1.56B–$1.59B expected), as declining trading volumes led to a sharp drop in transaction revenue. However, stablecoin-related income rose 12% to around $333M, and the company highlighted recent policy wins like the GENIUS and Clarity Acts as potential long-term growth drivers.
A few other headlines include: Strategy reported a record net income of approximately $10B, driven by a $14B unrealized gain on its Bitcoin holdings; Bitcoin miner Riot Platforms posted net income of $219M for Q2; and SEC Chair Atkins debuted “Project Crypto” to modernize regulatory frameworks.
Over the past 24 hours, the top three gainers were $M, $TON, and $SAROS, while the top three losers were $ZBCN, $KTA, and $MOG.
