Core Viewpoint - SOS Limited reported a significant increase in revenue for the six months ended June 30, 2025, primarily driven by higher sales in commodities trading, particularly natural rubber, amidst the recovery of the Chinese economy [3][4][10]. Financial Performance - Total revenue for the six months ended June 30, 2025, was $89.6 million, a 48.1% increase from $60.5 million in the same period of 2024 [4][5]. - Commodities Trading accounted for 94.9% of total revenue, while Hosting Services contributed 4.3% and Others 0.8% [3][4]. - Operating costs rose to $90.9 million, up 56.5% from $58.1 million year-on-year, reflecting the increase in revenue [7]. - The company reported a GAAP net loss of $14.2 million, compared to a net loss of $10.9 million in the prior year, marking a 30.3% increase in losses [10][11]. Revenue Breakdown - Revenue by product and service for the six months ended June 30, 2025: - Commodities Trading: $85.0 million (94.9%) - Hosting Services: $3.9 million (4.3%) - Others: $0.7 million (0.8%) [4][6]. Strategic Decisions - The company has ceased its internal Bitcoin mining operations to focus on expanding third-party mining hosting services, which have shown strong demand [3][10]. - A strategic prepayment of $228.4 million was made to accelerate the development of a proprietary blockchain commodity trading platform, aimed at securing long-term value [14][15]. Cash Flow and Liquidity - Cash and cash equivalents decreased to $4.2 million, down $242.5 million from the previous year, primarily due to the strategic prepayment [14]. - The company raised approximately $6.8 million through a registered direct offering during the reporting period [17].

Regulatory Landscape - Coinbase CLO argues Base, a Layer 2 blockchain, should not be regulated as an exchange [1] - Coinbase asserts it is not matching buyers and sellers of securities on Base [1] - The matching of buyers and sellers occurs in applications (AMMs/CLOBs/auctions) built on the Layer 2, not the Layer 2 itself [1] Technical Perspective - Base is described as a normal blockchain and a Layer 2 solution [1]

Theta Capital Management seeks to raise $200 million through a new fundraising vehicle, Theta Blockchain Ventures V. According to a report from Bloomberg Law, the new fund is intended to be a “fund of funds.” Theta Capital plans to invest in up to 15 venture capital firms specializing in digital assets, reportedly targeting a net internal rate of return (IRR) of 25%. Not to be confused with California-based Theta Labs, Theta Capital is an Amsterdam-based financial services and fintech company focused on ...

SWIFT, the backbone of global financial messaging, has begun testing on-chain payments and messaging using Ethereum’s Layer 2 network Linea, in a move that signals deeper integration between traditional finance and blockchain. According to the report, the project involves more than a dozen global banks, including BNP Paribas and BNY Mellon, and is exploring the use of a stablecoin-like token for settlement. The trial marks a significant step for SWIFT, which connects over 11,000 financial institutions and ...

RT Chainlink Everything (@SmartContract)ICYMI: Canton Network, a blockchain ecosystem that supports over $6 trillion in onchain real-world assets, partnered with Chainlink and joined the Scale program ↓ https://t.co/illJjiJcje ...

Blockchain & Payment System Transformation - Swift is collaborating with over a dozen global banks to test migrating its payment messaging system onto the blockchain [1] - The collaboration includes banks such as BNP Paribas and BNY Mellon [1] - The blockchain being tested is Linea, an Ethereum Layer 2 network developed by Consensys [1] - The project aims to enable a technological transformation of the international interbank payment system [1]

https://t.co/lOUID4CHwb ...

What does Chainlink do?It’s a little more than data…Here’s a breakdown of just some of what Chainlink does:• Moves data across chains• Moves value across chains• Moves value + data across chains simultaneously• Connects APIs to blockchains• Connects real-world data to blockchains• Connects blockchains to other blockchains• Connects enterprise systems to blockchains• Connects existing financial infrastructure to blockchains• Enables identity data to be stored onchain• Enables compliance policies for blockcha ...

📷 🇵🇰 PHOTO: Pakistan’s Minister of State for Crypto & Blockchain holds up a Bitcoin sign at the United Nations. https://t.co/1UgGVLeniS ...

Datavault AI, Inc. (NASDAQ: DVLT) and New Era Energy & Digital, Inc. (NASDAQ: NUAI) were tearing up the charts on Friday. Here's a look at what is driving the momentum for these two penny stock powerhouses. DVLT stock is rallying. See the real-time price action here. Datavault AI – DVLT Datavault stock was moving on a $150 million Bitcoin (CRYPTO: BTC) investment from biotech firm Scilex Holding Co. (NASDAQ: SCLX) announced just before Thursday's closing bell.  Read Next: Rigetti, D-Wave, IonQ Set To Disrup ...