second-quarter

ChainCatcher news, according to FactSet data, Bitcoin mining company Marathon Digital Holdings reported revenue of $145.1 million in the second quarter, falling short of Wall Street's expectation of $157.9 million.In its earnings report, Marathon stated that its sales in the second quarter were impacted by operational challenges that hindered its ability to mine Bitcoin, as well as recent halving pressures on the mining industry.Marathon Digital's adjusted EBITDA for the second quarter turned from a profit of $35.8 million last year to a loss of $85.1 million, primarily due to fair value adjustments of its digital assets and a decrease in the amount of BTC mined during the quarter. The miner currently holds over 20,000 BTC on its balance sheet.Marathon Digital (MARA) shares fell as much as 8% in after-hours trading on Thursday, with a trading price of approximately $18.14.

ChainCatcher news, Coinbase stated in its Q2 2023 shareholder letter that its revenue for the second quarter was $707.9 million, exceeding analyst expectations, compared to $808.3 million in the same period last year. At the same time, Coinbase generated $151 million in USDC stablecoin interest income, down from $199 million in the first quarter. In terms of transaction fees, Coinbase generated $327 million in the second quarter, compared to $655 million in the same period last year. The trading volume in the second quarter fell to $92 billion, down from $217 billion in the same period last year. Coinbase stated that its recurring operating expenses decreased "by nearly 50%" year-over-year, partly due to a 30% reduction in staff.