Tether Clears First-Ever KPMG Audit, Revealing a $6.8B Cushion for Crypto Markets

Key Takeaways: Tether conducted its first independent financial statement audit by KPMG U.S. KPMG provided an unqualified opinion, the least adverse kind of audit opinion. Tether’s audited statements for 2025 indicate that its reserves total $6.814 billion, which is more than its liabilities. User Score 8.7 Follow us on Google News Tether has completed a […]

Soluna has 6.3 GW of data center projects on paper, only 192 MW are operating

Soluna Holdings, a renewable-powered data center operator spanning Bitcoin mining and developing AI infrastructure, reported rapid revenue growth in the second quarter alongside weaker consolidated profitability. The company reported $15.1 million of revenue for the three months ended June 30, up 145% from $6.2 million a year earlier. A new presentation of pass-through electricity costs […]

Bitcoin Bear 0x66f8 Closes $136M Short, Opens 40x Long

In a notable shift in the Bitcoin market, the largest on-chain bear, known as 0x66f8, has closed a $136 million short position of 2,136 BTC and subsequently opened a long position of 200.82 BTC worth $12.74 million. This move, highlighted by crypto commentator @Lookonchain, indicates a potential change in market sentiment and trading strategy among […]

Figure reports $4.3B in loan marketplace volume as profit nearly triples

Figure Technology Solutions reported $4.3 billion in consumer loan marketplace volume for the second quarter, up 132% from a year earlier, as its quarterly profit nearly tripled. On Thursday, Figure said net income rose 192% year over year to $87 million, from about $30 million. Net revenue more than doubled to $226 million, while its net income margin increased 10.5 percentage points to 38.8%. Figure’s marketplace volume includes home equity lines of credit, debt-service coverage ratio loans and personal loans processed through its loan origination system, along with third-party loans traded on Figure Connect, which accounted for $2.8 billion, or 65%, of the quarterly total. Volume on the marketplace, which Figure launched in June 2024, increased 262% from the same period last year. The company also added 102 loan-origination partners during the quarter, bringing its total to 489. CEO Michael Tannenbaum said weekly loan applications surpassed $1 billion in July. Figure expects consumer loan marketplace volume of between $4.8 billion and $5.2 billion in the third quarter. Bernstein analysts predicted in May that Figure would post record second-quarter volume, citing live blockchain data that they said could increasingly allow investors to track the company’s lending activity in real time. Related: Tokenized RWA market grows 420% since 2025 on regulatory clarity, accessCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

XRP Slides 69% From Peak While Existing Wallet Activity Climbs

XRP closed near $1 on Aug. 13, about 69% below its January 2025 peak. Daily active addresses rose roughly one-third in August, while new-address creation remained virtually unchanged from July. XRP Price Weakness Collides With Higher Ledger Activity XRP traded near $1 on Aug. 13, its lowest level since November 2024 and roughly 69% below […]

Tokenized ETF Trends Spark Discussions Among Crypto

The crypto market is abuzz with discussions around tokenized ETFs. Influencer Matthew Sigel recently quoted @scottmelker, raising questions about the future of ETF structures based on tokenized assets. This evolving conversation could signify a pivotal moment for investment strategies within the cryptocurrency sector, potentially impacting how traders approach altcoins moving forward. source The Key Development […]