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MARA Posts Q2 Loss as Bitcoin Declines Despite Higher Output

Bitcoin miner Marathon Digital Holdings, commonly known as MARA, reported a sharp swing from profit to a large net loss in the second quarter of 2026, even as it achieved its highest quarterly Bitcoin production in more than a year. The company’s results underscore how tightly miners remain tied to Bitcoin’s market price—especially when the accounting reflects changes in the fair value of Bitcoin held on balance sheets. In its Q2 2026 SEC Form 10-Q, MARA said it recorded a net loss of $611.3 million, or $1.60 per diluted share, compared with net income of $808.2 million, or $1.84 per diluted share, in the second quarter of 2025. According to the filing, MARA mined 2,422 Bitcoin in the quarter, up 3% year over year, but that increase was more than offset by a 28% decline in the average Bitcoin price. Key takeaways MARA posted a $611.3 million Q2 net loss, with the decline largely attributed to changes in the value of its Bitcoin holdings. Bitcoin production rose to 2,422 BTC in Q2 2...
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Tokenized RWAs help offset DeFi slowdown, CoinShares says

Real-world assets are moving from the “issuance” phase into onchain utility, with activity on decentralized finance platforms increasingly tied to tokenized yield and collateral rather than general DeFi momentum. According to a joint report from CoinShares and Token Terminal released Thursday, RWA deposits across DeFi more than tripled year over year to $7.4 billion in Q2 2026, even as total DeFi deposits declined by about 15%. CoinShares CEO Jean-Marie Mognetti said the split between rising RWA balances and weakening broader DeFi inflows points to demand rooted in functional use cases. In his view, when a category expands while its host ecosystem softens, it is typically because users want financial utility—not because market conditions are broadly improving. Key takeaways RWA deposits in DeFi surged to $7.4 billion in Q2 2026, while overall DeFi deposits fell about 15% year over year. Yield-bearing stablecoins and tokenized Treasury products are currently the largest RWA categori...
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Putin Signs Russia Crypto Law; Key Rules Start in Sep 2026

Russia has moved closer to a state-regulated cryptocurrency regime after President Vladimir Putin signed a new law establishing rules for how crypto markets may operate in the country. The legislation, Bill No. 1194918-8, titled “On Digital Currencies and Digital Rights,” was adopted following parliamentary approval, according to official records from the State Duma. The framework is designed to bring major crypto services—such as exchanges, brokers, custodians, and other intermediaries—under regulatory oversight, while also setting distinct limits on what retail users can access. It also preserves Russia’s existing prohibition on using crypto for everyday payments within the country. Key takeaways Putin signed Bill No. 1194918-8 (“On Digital Currencies and Digital Rights”) into law, creating a regulated structure for Russia’s crypto market. Crypto exchanges must meet regulatory requirements and join a financial market self-regulatory organization. Retail participation is constra...
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Coldcard Exploiters Move 64 BTC, 200 ETH Into Crypto Mixers

Blockchain security firm CertiK says it has observed early laundering behavior tied to the ongoing Coldcard hardware wallet exploit: about 64 Bitcoin (valued at roughly $4.17 million) and 200 Ether (about $380,000) were reportedly sent to crypto mixing services after the theft began. CertiK-linked onchain movements include a transfer of the 64 BTC from a source address labeled by CertiK to the Wasabi mixing protocol on Tuesday, while the 200 ETH was reportedly moved to Tornado Cash on Wednesday, according to CertiK’s X updates and address-level data shared by the firm. Key takeaways CertiK reports 64 BTC and 200 ETH connected to the Coldcard exploit were routed through Wasabi and Tornado Cash, respectively. Mixing services pool funds and obscure transaction linkages, which can reduce recovery odds for stolen assets. TRM Labs’ analysis suggests most victim funds remain concentrated in a limited set of attacker-controlled addresses with relatively few mixing attempts so far. Gala...
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After Primary Setback, Crypto PACs Back 3 US State Races With $1.5M

Fairshake-linked political action committee (PAC) affiliates reported new campaign spending aimed at federal primaries in several states, according to Federal Election Commission (FEC) filings reviewed as of Thursday. The disclosures include more than $1.5 million spent on media backing House and Senate candidates in Florida, Alaska and Wyoming, after a related primary loss in Michigan on Tuesday. The latest expenditures were filed by two Fairshake-affiliated groups—Defend American Jobs and Protect Progress—each aligned with the broader push for U.S. crypto market-structure legislation. Many of the candidates supported in the new filings have voting records in favor of the Digital Asset Market Clarity (CLARITY) Act and other related proposals. Key takeaways FEC filings show Fairshake PAC affiliates spent a combined more than $1.5 million on political media in Florida, Alaska and Wyoming after a Michigan primary loss. Defend American Jobs reported over $500,000 for Alaska’s Aug. 18 ...
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After Major Loss, Crypto PACs Put $1.5M Into 3 US State Races

Fairshake-affiliated political action committee groups have reported fresh ad spending aimed at congressional races in several states after a loss in Michigan earlier this week, according to Federal Election Commission (FEC) filings. As of Thursday, Defend American Jobs and Protect Progress—two Fairshake-connected entities—disclosed more than $1.5 million combined on media advertising supporting candidates in Florida, Alaska, and Wyoming. The spending comes shortly after Protect Progress suffered a primary setback in Michigan’s 13th district, following more than $2 million in earlier advertising for the candidate who ultimately lost. Key takeaways Fairshake PAC affiliates Defend American Jobs and Protect Progress reported spending over $1.5 million on election ads in Florida, Alaska, and Wyoming, per FEC filings. Alaska’s at-large district: Defend American Jobs spent more than $500,000 supporting Rep. Nick Begich ahead of a primary scheduled for Aug. 18. Florida and Wyoming races...
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Bitcoin Miners’ AI Move Fails to Impress Wall Street Investors

Bitcoin miners are increasingly positioning themselves as providers of artificial intelligence infrastructure and high-performance computing capacity, but the stock-market reaction to fresh AI hosting deals has cooled markedly in the past couple of years. New research suggests that while contract values are growing, investors are paying less attention to the headline announcement and more attention to what happens next—execution, funding, and long-term profitability. According to an analysis by Blocksbridge Consulting published in TheEnergyMag ’s Miner Weekly , deals tied to AI infrastructure have become less “market-moving.” The report reviewed 25 AI and HPC infrastructure contracts announced between June 2024 and August 2026, finding that the average stock move on announcement day fell from roughly 24% for the earliest deals to about 10% for the most recent ones. Median gains also declined by around half over the same period, even as the reported size and value of the contracts incre...
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