CoinDCX operator Neblio reportedly filed a complaint against software engineer Rahul Agarwal after discovering that his credentials had been compromised through his work laptop.

CoinDCX employee arrested in connection with $44M crypto hack: Report

BTC price weakness outpaces stocks on fresh US trade tariffs, and Bitcoin 
traders are split over the impact of the CME gap fill near $114,000.

Bitcoin fills July CME gap 'to the dollar' amid $104K BTC price target

Crypto hacks and security threats are escalating again, with hackers stealing 
over $140 million across multiple platforms in July alone. According to data 
shared by blockchain security firm PeckShield on Aug. 1, total losses hit $142 
million last month, up…

July crypto hacks top $140M among 17 major exploits: PeckShield

PLUME crypto could be headed toward a 40% rally as smart money accumulation 
intensifies, as its dominance in the RWA sector is on the rise. According to 
on-chain data from Nansen, wallets tagged as “smart money”, including high- 
performing funds, early…

PLUME could rally 40% as smart money ramps up accumulation

The Hong Kong stablecoin bill officially takes effect. Financial authorities 
say they will start granting stablecoin issuer licenses early next year. 
Here&#8217;s everything we know about the bill. On August 1, the region&#8217;s first 
stablecoin bill in history, the Stablecoin…

Hong Kong’s stablecoin bill takes effect today, here’s what we know

Coinbase (COIN) shares experienced a decline on Thursday after the 
cryptocurrency exchange reported second-quarter revenue that fell short of 
analysts&#8217; expectations, according to CNBC. Weaker Trading Volumes Impact 
Coinbase For the period ending June 30, Coinbase reported a net income of 
$1.43 billion, or $5.14 per share, a significant rise from just $36.13 
million, or 14 cents per share, in the same quarter the previous year. This 
growth was largely driven by a $1.5 billion gain from its investment in Circle 
(CRCL) and an additional $362 million from its crypto investment portfolio. On 
an adjusted basis, the company earned $1.96 per share, surpassing estimates of 
$1.26, according to LSEG. Related Reading: JPMorgan, Coinbase Forge Historic 
Pact For Direct Bank-Crypto Wallet Integration By 2026 However, total revenue 
slightly increased to $1.5 billion, up from $1.45 billion a year ago, yet it 
still fell short of the anticipated $1.6 billion. Transaction-related revenue 
totaled $764 million, which missed StreetAccount&#8217;s estimates of $787 million. 
As a result, shares fell 6% in after-hours trading. Analysts had predicted a 
weaker second quarter following a period of market enthusiasm in the first 
quarter, when traders were optimistic about potential regulatory improvements 
from the Trump administration. As attention in Washington shifted towards 
tariffs, speculative trading by retail investors declined across centralized 
crypto exchanges (CEXs). Nonetheless, inflows into crypto exchange-traded 
funds (ETFs) and purchases by treasury companies helped sustain market prices. 
Short Of Analyst Expectations Coinbase did report a 16% year-over-year growth 
in retail trading volume, reaching $43 billion. However, this was below the 
$48.05 billion expected by analysts. The company&#8217;s subscription and service 
offerings, which encompass stablecoins, staking, interest income, and custody 
services, experienced a 9% increase from the previous year, totaling $655.8 
million. This figure was also below analysts&#8217; projections of $705.9 million. 
Revenue from stablecoins, a key theme in the crypto market during the second 
quarter, came in at $332.5 million, closely aligning with estimates of $333.2 
million. This represented a substantial 38% increase compared to the same 
period last year and a 12% rise from the first quarter. Related Reading: 
Chainlink Acknowledged By The White House As Key Player In Crypto 
Infrastructure The surge in stablecoin interest was partly fueled by the 
successful June IPO of Circle, the issuer of the USDC stablecoin. Coinbase 
benefits from a revenue-sharing agreement with Circle, allowing it to retain 
100% of the revenue generated from USDC held on its platform and approximately 
50% of revenue from USDC on other platforms. Despite the challenges in trading 
volumes, the company announced plans to broaden its services beyond 
cryptocurrencies, introducing tokenized real-world assets, derivatives, 
prediction markets, and early-stage token sales, starting with US users. Year- 
to-date, Coinbase shares remain up more than 50%, outperforming the S&amp;P 500 
benchmark, which the stock joined in May. As of this writing, COIN closed the 
trading day at $377. Featured image from DALL-E, chart from TradingView.com