🔥🚀 Coinbase Breaks Records, Marathon Digital’s $200M Loss, and deUSD Revolutionizes DeFi!

NEWS
📈 Coinbase Surpasses Q2 Expectations with $1.4B Revenue!

Coinbase reported $1.4 billion in Q2 revenue, surpassing market expectations despite an 11% drop from the previous quarter due to falling crypto prices. The gains were driven by USDC interest earnings, transaction revenue from Base, and progress in regulatory clarity, highlighting the company's resilience and strategic growth amid challenging market conditions.
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NEWS
💸 Marathon Digital Faces $200M Loss Despite Revenue Surge

Marathon Digital Holdings reported a $200M Q2 loss due to Bitcoin's halving, rising global hash rates, equipment failures, and increased competition, which cut Bitcoin production by 30% year-over-year. Despite these challenges, the company saw a 78% revenue increase from higher Bitcoin prices and new hosting services.
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NEWS
🚀 Meet deUSD: The Future of DeFi Collateral

deUSD, the future of DeFi money, uses stETH and sDAI as collateral, earning yield by shorting perpetual derivatives. It hedges with longs and holds T-bills in negative funding environments. Permissionless mints and redemptions launch in December, making deUSD the default collateral in the Elixir ecosystem.
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