q2

According to Finance Feeds, the Financial Services Agency of Japan plans to officially reclassify Ripple's XRP as a "regulated financial product" before the second quarter of 2026, moving it out of the "crypto asset" category under the Payment Services Act and into the more stringent regulatory framework of the Financial Instruments and Exchange Act.This move aims to align the legal status of XRP with its significant institutional application scale in Japan. XRP has become one of the pillars of the country's banking and remittance infrastructure. After reclassification, XRP will gain an "investment-grade" status equivalent to traditional stocks and bonds, which is expected to attract more institutional capital and provide a regulatory precedent for other major digital assets. The new regulations will require exchanges and liquidity providers to fully disclose asset volatility, technical characteristics, and issuer relationships, and will explicitly prohibit insider trading and market manipulation to enhance investor protection.

According to official news, the decentralized artificial intelligence computing and cloud platform IO.NET has released a simplified version of the Incentive Dynamic Engine (IDE) white paper (Litepaper). IDE is a demand-driven token economic model aimed at DePIN, designed to replace the inflation-based token economic model.The white paper introduces a new type of token economic model specifically designed for io.net, which relies on a unique dual-mode system to build a healthy and sustainable DePIN network, namely the Incentive Dynamic Engine (IDE). Currently, the number of IO tokens in circulation under the old incentive mechanism is 300 million, and one of the goals of IDE is to gradually reduce at least 50% of these tokens to ensure the network's health and sustainable development.The white paper is part of an iterative process to collect community feedback. The initial phase of feedback collection will begin on December 11, 2025, and end in February of the following year. The final lightweight white paper is scheduled to be released on March 31, and implementation will take place in the second quarter of 2026.

According to CoinDesk, as of the end of the third quarter, GameStop (stock code GME) held Bitcoin worth $519.4 million, although the company recorded a digital asset holding loss of $9.2 million during this period. Additionally, verified official documents show that GameStop still held 4,710 Bitcoins at the end of the third quarter, unchanged from the data released in the second quarter financial report.Due to sales performance not meeting investor expectations, the company's stock price fell 5.8% on Wednesday. Since GameStop announced its Bitcoin plan in March, its stock price has dropped over 22%, as investors weigh the risks of holding cryptocurrency against the impact of the company's weak core business performance.

According to DL News, Aerodrome developer Dromos Labs will launch a new protocol, Aero, and its token in the second quarter of 2026, aiming to replace Uniswap as the dominant player in the Ethereum ecosystem.The new protocol Aero will simplify the cross-chain token exchange process and enable traders to perform cross-chain transactions with just one click through built-in bridging technology. Aero will also enhance incentives to attract traders and liquidity providers by providing additional revenue sources such as MEV and distributing them to Aero token holders, allowing Aero to offer better prices to crypto traders than its competitors.Previously, Dromos Labs CEO Alexander Cutler stated on X that the recently proposed fee switch reform by Uniswap is a huge mistake made by our biggest competitor.Aerodrome is the largest DEX on Base, while its sister protocol Velodrome is the largest DEX on Optimism. This is the development team's first expansion to the Ethereum mainnet, directly competing with the long-dominant Uniswap.

ChainCatcher news, encrypted KOL Ansem posted, "I believe there is a 15% chance for the green line (Bitcoin rebounds and breaks new highs after dropping to $105,000), a 60% chance for the blue line (Bitcoin rebounds after dropping to around $90,000), and a 20% chance for the red line (drops to around $75,000). If Bitcoin drops below $100,000 this year and early 2026, buy as much as possible and sell at a higher price in 2028.I also agree that the 'four-year cycle' is no longer applicable, but I think we will remain in a bear market longer than analyst @plur_daddy expects, with a longer downward period, and the upward trend will significantly start around the second quarter of 2026. In the worst-case scenario, if a recession really occurs, Bitcoin could drop to $50,000 (5% chance)."

ChainCatcher message, Real Vision co-founder and CEO Raoul Pal stated in the latest podcast released yesterday that Bitcoin is now mirroring the ISM (Institute for Supply Management Index, also known as the "business cycle"). The core idea is: Bitcoin is now following ISM, and interest rates are also keeping the same rhythm. From 2021 to 2022, the Treasury extended the weighted average maturity of its debt from 4 years to 5 years. As a result, the entire cycle has been artificially extended by one year—turning the original "four-year cycle" into a "five-year cycle." The model shows that ISM will peak in 2026; liquidity is likely to peak earlier because the second derivative of ISM and liquidity (the rate of change) will turn first."Our guess is: the real peak will occur in 2026, most likely in Q2."

ChainCatcher news, GameStop reported a net loss of $18.5 million for the second quarter, significantly narrowing from a profit of $44.8 million in the previous quarter. Revenue fell to $673.9 million, impacted by a decline in hardware and software sales, but sales of collectibles increased.The company purchased 4,710 bitcoins this quarter at a cost of $500 million, with a year-end valuation of $528.6 million, resulting in an unrealized gain of $28.6 million, making it one of the few publicly traded companies involved in digital assets.

ChainCatcher news, Figma released its first earnings report since going public in the U.S. The company reported a revenue of $249.6 million in the second quarter, a year-over-year increase of 41%. It expects full-year revenue to be between $1.021 billion and $1.025 billion, with third-quarter revenue projected to be between $263 million and $265 million. As of June 30, it held approximately $1.6 billion in cash, cash equivalents, and marketable securities, including $90.8 million in Bitcoin spot ETFs. "We don't intend to be Michael Saylor of Strategy," Field said in an interview, "this is not a treasury company based on Bitcoin holdings. This is a design company, but I think it has its place as part of the balance sheet and diversified financial strategy."

ChainCatcher news, according to market news, Morgan Stanley, with an asset size of $1.7 trillion, disclosed that it purchased $188 million worth of Bitcoin ETFs in the second quarter.

ChainCatcher news, according to BitcoinTreasuries.NET, Deutsche Bank AG purchased $47 million worth of Strategy (stock code MSTR) shares in the second quarter, currently holding 658,725 shares, valued at over $220 million based on current market value.

ChainCatcher news, according to The Block, European crypto asset management company CoinShares reported a net profit of $32.4 million for the second quarter, benefiting from a surge in cryptocurrency prices that drove record inflows into its physically-backed exchange-traded products, resulting in a significant increase in assets under management. Driven by the rise in cryptocurrency prices and record inflows into the company's ETPs, assets under management grew by 26% quarter-over-quarter, reaching $3.5 billion.The report states that CoinShares is preparing for a listing in the United States, with a more specific timeline for the U.S. listing to be clarified this quarter. CoinShares is headquartered in the British Crown Dependency of Jersey but is currently listed on Nasdaq Stockholm in Sweden.

ChainCatcher news, according to market news, Nvidia (NVDA.O) recorded revenue of $46.7 billion for Q2 of fiscal year 2026, with market expectations at $46 billion. In addition, the company also approved an additional $60 billion stock buyback. Nvidia provided a lackluster outlook for Q3 revenue at $54 billion, with a fluctuation of 2%, while the market expectation was $53.46 billion, raising concerns about the slowdown in massive spending in the artificial intelligence sector.After the earnings report was released, Nvidia's stock initially fell by 5% in after-hours trading and is currently down 3.14%. This situation is a common occurrence on "Nvidia earnings night," where market participants typically speculate based on earnings expectations, leading to pre-market and intraday price increases. If the earnings report falls short of expectations, it results in a decline, while a slight beat is seen as "profit-taking," also leading to a drop in stock price.Affected by Nvidia's stock price decline, Bitcoin fell by 1.25%, briefly dropping below $111,000, and is currently reported at $111,405. ETH once dropped to $4,482 and is now reported at $4,513, showing slightly weaker performance compared to Bitcoin.

ChainCatcher news, according to market expectation data, NVIDIA's revenue for Q2 of fiscal year 2026 is expected to be $46.7 billion, compared to $30.04 billion in the same period last year, with market expectations at $46.058 billion.

ChainCatcher news, Messari's latest report on BNB Chain for Q2 2025 shows that BNB Chain continued to maintain strong growth in the second quarter, with user activity and on-chain transactions reaching all-time highs.Daily active addresses and transaction volume saw significant increases, DeFi activity remained robust, and DEX transaction volume, as well as stablecoin transaction counts and active users, ranked first across the entire chain, solidifying its leading position in the Web3 ecosystem.Key highlights: Market capitalization and investor confidence: BNB's market capitalization increased by 7.5% quarter-over-quarter, reaching $92.6 billion.On-chain transactions and activity: Average daily transaction volume increased by 101.9% quarter-over-quarter to 9.9 million transactions, and average daily active addresses grew by 33.2% to 1.6 million; 17 million new addresses were added in May.DEX performance: DEX transaction volume ranked first across the entire chain, with an average daily transaction volume of $3.3 billion in Q2, PancakeSwap's market share at 85.1%, and Uniswap increasing by 755.4% quarter-over-quarter to $297 million.Network fees decreased by 90% to 0.1 gwei.Stablecoins: Stablecoin market capitalization increased by 49.6% quarter-over-quarter to $10.5 billion, with USD1 reaching $2.2 billion at launch, and USDT dominating with a market capitalization of $6.3 billion; BSC stablecoin transaction counts and active users ranked first across the entire chain.DeFi TVL: Increased by 14% quarter-over-quarter to $9.9 billion, maintaining fourth place.Technical upgrades: The Lorentz and Maxwell hard forks reduced block time to 0.75 seconds, and the opBNB and Volta upgrades increased cross-chain TVL to $64.9 million; Volta's block interval was shortened to 500 milliseconds, achieving sub-second finality.Ecosystem support: MVB Season 9 supported 16 early-stage projects; the stablecoin zero-fee carnival subsidized $4 million in Gas fees, accelerating user adoption.

ChainCatcher news, according to the announcement from Futu Holdings, the total revenue for the second quarter of 2025 is HKD 5.311 billion (approximately USD 677 million), a year-on-year increase of 69.7%. The non-GAAP net profit is HKD 2.66 billion, a year-on-year increase of 105.2%. The number of registered users is 27.12 million, an annual growth of 17%. During Q2, Futu's cryptocurrency business expanded into the U.S. market, with the platform's crypto asset scale growing by 43% quarter-on-quarter. The company has obtained a virtual asset trading platform license in Hong Kong and is building a comprehensive crypto financial ecosystem covering custody, matching, and trading.

ChainCatcher news, according to The Block, Standard Chartered's head of digital asset research Geoffrey Kendrick stated that Norway's sovereign wealth fund (NBIM) increased its Bitcoin-related asset holdings from 6,200 BTC equivalents to 11,400 in the second quarter, an increase of 83%. The fund primarily gained Bitcoin exposure by increasing its holdings in MicroStrategy (MSTR) stock, while also slightly increasing its position in Metaplanet.Currently, MicroStrategy holds 628,900 BTC, and Metaplanet holds 18,100. Kendrick maintains a year-end target price of $200,000 for Bitcoin and predicts it could reach $500,000 by 2028.

ChainCatcher message, according to the disclosure by the U.S. Securities and Exchange Commission (SEC), Tiger Global submitted its second-quarter holdings report (13F) for the period ending June 30, 2025. Statistics show that Tiger Global's total market value of holdings in the second quarter reached $34.1 billion, up from $26.6 billion in the previous quarter, representing a quarter-over-quarter increase of 28.2%.In the second quarter of 2025, Tiger Global newly acquired 125,000 shares of Class A stock from stablecoin issuer Circle (CRCL.US). Circle's stock performed strongly upon its listing in June, and since then, its market value has increased nearly fivefold from the initial public offering price.