q2

Arbitrum's investment strategy director Brendan Ma stated: Arbitrum's weekly revenue has risen to third globally, with treasury revenue exceeding 4.3 million dollars in the past 30 days, of which over 50% came from the previous week. Revenue in Q3 to date is approximately 140% higher than Q2, with sources including Arbitrum One transaction fees, Robinhood Chain AEP licensing fees, and treasury income.Arbitrum leads in the number of RWA deployments, exceeding 4,500, with AUM reaching 1 billion dollars. The 30-day transaction volume grew by 124% to 395 billion dollars, and tokenized stocks doubled to over 200 million dollars. Arbitrum One's cumulative transaction volume exceeded 2.8 billion transactions, with Chain GDP reaching 1.8 billion dollars, a year-on-year increase of 22%, and perpetual contract positions peaking at 1.8 billion dollars.In terms of the ecosystem, Carbon's cumulative transaction volume exceeded 100 million dollars, T3tris TVL reached 13.4 million dollars, and USD.AI TVL reached 500 million dollars. Venmo, Stripe, Shopify, and Cash App have supported USDC or PYUSD-related functionalities on Arbitrum.

According to BBX data, yesterday and in recent days, publicly listed companies in the U.S. stock market have disclosed the latest official updates regarding digital asset treasury allocations and mining operation ledgers, with the core information as follows:Strive (NASDAQ: $ASST) spent $109 million to increase its holdings by 1,375 BTC: The publicly listed company Strive disclosed its latest position updates, revealing that the company made a significant purchase of 1,375 bitcoins last week at an average price of approximately $79,281, totaling about $109 million. Following this large-scale increase, Strive's total bitcoin holdings have officially risen to 24,531 BTC, continuing to solidify its position in the scale of bitcoin treasury among publicly listed companies in the U.S. stock market.Canaan Creative (NASDAQ: $CAN) produced 243 BTC in Q2, with treasury holdings of over 1,900 BTC and nearly 4,000 ETH: Bitcoin mining machine manufacturing and computing power operation company Canaan Creative announced its unaudited financial performance for the second quarter of 2026. The company's total revenue for Q2 was $31.9 million (a decrease of 49.1% quarter-over-quarter and a decrease of 68.1% year-over-year); the net loss was $97.6 million (a 9% increase quarter-over-quarter and a 7.8 times increase year-over-year). In terms of mining output and asset reserves, Canaan Creative produced 243 bitcoins from self-mining in the second quarter; as of now, its balance sheet holds a total of 1,915.5 bitcoins and 3,951.7 ethers (ETH).

According to PR Newswire, Canaan Inc. (NASDAQ: CAN) announced its unaudited financial results for the three months ended June 30, 2026. Total revenue for the second quarter was $31.9 million, down from $62.7 million in the first quarter and $100.2 million in the same period of 2025, with product revenue of $13.6 million, mining revenue of $17.7 million, and other revenue of $600,000.Cost of revenue for the quarter was $61.2 million, resulting in a gross loss of $29.3 million, operating expenses of $40.1 million, an operating loss of $69.5 million, and a net loss of $97.6 million. Non-GAAP adjusted EBITDA loss was $74.9 million. Loss from changes in the fair value of cryptocurrencies was $9.3 million, impairment of property, equipment, and software was $9.2 million, and total inventory write-downs, prepaid expense write-downs, and inventory purchase commitment reserves amounted to $25.3 million.The company's self-operated installed mining capacity (non-joint venture) was 10.05 EH/s, an increase of 23.3% year-over-year, with an all-in electricity cost of approximately $0.043 per kilowatt-hour, mining 243 bitcoins during the quarter. Cryptocurrency reserves reached 1,915 bitcoins and 3,952 ethers. As of September 8, 2026, the company repurchased approximately 16.4 million ADS for a total of $7.4 million. The ABC project holds a 49% stake, with an installed capacity of 4.85 EH/s as of the end of July 2026.

According to TrendForce's latest research on the memory industry, in the second quarter of 2026, due to a significant increase in the contract price of Conventional DRAM, the overall revenue of the DRAM industry is expected to grow by 59.5% quarter-on-quarter, reaching nearly 154.73 billion USD.With the training of LLM models and AI inference stimulating the demand for AI Servers, shipments of HBM3e, LPDDR5X, and high-capacity RDIMMs are growing simultaneously, while Agentic AI applications are driving the demand for RDIMMs of various capacities. On the supply side, manufacturers' inventories are at a low point, and new supply is prioritized for Server applications, leading to a slight growth in overall DRAM bit shipments in the second quarter.

According to BBX data, global listed companies and leading financial institutions have disclosed the latest developments in digital asset management scale, quarterly earnings performance, and crypto clearing infrastructure in recent days. The core information is as follows:New Fire Group (01611.HK) asset management and trading volume hit a record high, AUM surpassed 2 billion HKD: Hong Kong-listed company New Fire Group disclosed its operating data for August. The group's private banking-level digital asset custodian Bitfire Premium successfully surpassed 200 million USD in asset management scale (AUM), a month-on-month increase of about 30%. The total asset management scale of New Fire Group's global market (including the Japanese site BitTrade) has officially surpassed 2 billion HKD. In addition, the platform's trading volume has exceeded 100 million USD for the second consecutive month, and the over-the-counter (OTC) business continues to expand, currently ranking among the major OTC digital asset trading platforms in Hong Kong.Amber (NASDAQ: AMBR) Q2 revenue 13.9 million USD, turning a profit: Nasdaq-listed company Amber announced its unaudited financial performance for the second quarter of 2026. The company's total revenue for Q2 reached 13.9 million USD, a significant month-on-month increase of 38.8%, with gross margin significantly improved to 79.5%. As a result, its operating income and adjusted EBITDA both turned positive, completely reversing the loss situation of the previous quarter.Digital bank SoFi partners with Kraken to enable 24/7 USD settlement and liquidity: Digital bank SoFi has reached a strategic cooperation with the well-known crypto exchange Kraken. Kraken's parent company Payward will officially join SoFi's USD settlement network "SEN," allowing its institutional clients to break the limitations of traditional bank operating hours, transferring USD and managing liquidity around the clock; at the same time, Kraken will launch the stablecoin SoFi USD issued by SoFi, while SoFi will introduce Kraken Prime as an additional underlying liquidity source for its clients' cryptocurrency trading.Bank-led digital currency network Cari completes 32.5 million USD financing: The digital currency network Cari, designed specifically for the banking industry, announced the completion of a 32.5 million USD first round of external financing. This round of funding comes entirely from traditional banking institutions, including First Horizon Bank, Huntington Bank, Key Bank, M&T Bank, Old National Bank, SouthState Bank, and Glacier Bank. Cari aims to help regional, mid-sized, and community banks fully participate in and establish compliant digital currency infrastructure.

Meituan announced its unaudited consolidated results for the three months and six months ended June 30, 2026. Revenue for the second quarter was 104.643 billion yuan, a year-on-year increase of 14.4%; operating profit was 2.691 billion yuan, with a profit of 2.155 billion yuan during the period, a year-on-year increase of 490.0%; adjusted EBITDA was 4.098 billion yuan, accounting for 3.9% of revenue, a year-on-year increase of 47.3%; adjusted net profit was 2.524 billion yuan, accounting for 2.4% of revenue, a year-on-year increase of 69.0%.Core local business revenue was 71.531 billion yuan, a year-on-year increase of 10.1%, with an operating profit of 5.668 billion yuan and a profit margin of 7.9%; new business revenue was 33.112 billion yuan, with an operating loss of 1.739 billion yuan. The net cash inflow from operating activities in the second quarter was 9.7 billion yuan. As of June 30, 2026, cash and cash equivalents were 104.7 billion yuan, and short-term financial investments were 63.6 billion yuan.Revenue for the first half of the year was 195.682 billion yuan, a year-on-year increase of 10.1%; operating loss was 3.779 billion yuan, with a loss of 4.672 billion yuan during the period; adjusted EBITDA was 1.049 billion yuan, and adjusted net loss was 2.444 billion yuan.

Bilibili (Nasdaq: BILI, HKEX: 9626) announced its unaudited financial results for the second quarter ended June 30, 2026. The average daily active users (DAU) reached 116.5 million, an increase of 7% year-over-year; the average daily usage time was 113 minutes, with total usage time increasing by 14% year-over-year. Total net revenue was 7.94 billion RMB (approximately 1.17 billion USD), an increase of 8% year-over-year. Among this, advertising revenue was 3.13 billion RMB, an increase of 28% year-over-year; value-added service revenue was 2.97 billion RMB, an increase of 5% year-over-year; mobile game revenue was 1.39 billion RMB, a decrease of 14% year-over-year; and IP derivatives and other revenue was 449.8 million RMB, an increase of 2% year-over-year.Gross profit was 2.95 billion RMB, an increase of 10% year-over-year, with a gross margin of 37.2%, up from 36.5% in the same period of 2025. Operating profit was 372.9 million RMB, an increase of 48% year-over-year. Net profit was 339.1 million RMB, an increase of 55%, with a net margin of 4.3%; adjusted net profit was 703.6 million RMB, an increase of 25%, with an adjusted net margin of 8.9%. Basic earnings per share were 0.82 RMB, and adjusted basic earnings per share were 1.69 RMB. As of June 30, 2026, the total amount of cash and cash equivalents, time deposits, and short-term investments was 24.3 billion RMB.Chairman and CEO Chen Rui stated that the company achieved steady growth, with monthly active users reaching 371 million. CFO Fan Xin noted that this marks the 16th consecutive quarter of improvement in gross margin.

According to Gate market data, Okta's US stock rose 19.3% in pre-market trading due to its second-quarter performance exceeding expectations.

According to SemiWiki, WSTS data shows that the global semiconductor market sales reached $368 billion in the second quarter of 2026, a quarter-on-quarter increase of 35% and a year-on-year increase of 104%, setting a new historical high. The growth is mainly driven by AI demand, with significant quarter-on-quarter increases from memory manufacturers, SK Hynix and Sandisk at 51%, Kioxia at 76%; Nvidia's AI processor business grew 18% quarter-on-quarter, and Broadcom is expected to grow 33% quarter-on-quarter.Kioxia and Sandisk rose to eighth and ninth place globally, respectively, with both companies' revenues growing more than four times year-on-year. Excluding major AI suppliers, the other top 20 semiconductor manufacturers only saw a quarter-on-quarter increase of 9%, with guidance indicating a total quarter-on-quarter growth of about 6% for the third quarter of 2026. The growth expectations for memory manufacturers in the third quarter have clearly slowed down.Based on the latest forecasts, the semiconductor market growth rate for the entire year of 2026 is expected to reach or exceed 90%, with Semiconductor Intelligence predicting a growth of 101% and RCD Advisors predicting 112%; in the storage sector, WSTS expects a growth of 249%, while Gartner predicts 280%. Most institutions expect the growth rate to fall back to the mid-20% range in 2027.

NVIDIA's revenue for the second quarter of fiscal year 2027 increased by more than double year-on-year to $96.22 billion, exceeding market expectations of $92.17 billion; adjusted earnings per share were $2.22, surpassing the expected $2.10. Data center revenue grew more than double to $89 billion, higher than the expected $85.08 billion. The company expects third-quarter revenue of $108 billion (with a fluctuation of 2%), above analysts' expectations of $104.19 billion; the adjusted gross margin is expected to be 74% (with a fluctuation of 0.5 percentage points), lower than the market expectation of 74.77%.NVIDIA expects revenue to grow by about 70% in fiscal year 2028 and to expand its collaboration with AWS, with both parties planning to deploy an additional 2 million NVIDIA GPUs in Amazon's global infrastructure in 2027 and 2028. The company stated that revenue opportunities for AI chips could exceed $1 trillion before 2027. The third-quarter guidance does not include any sales from data center chips in China.After the earnings report was released, NVIDIA's stock price rose over 4% in after-hours trading. As of Wednesday's close, the market capitalization was approximately $5.16 trillion, with the stock price having increased by 12.4% year-to-date.

Mizuho analyst Vijay Rakesh stated that NVIDIA's second-quarter earnings exceeding expectations has become a consensus, with the market focusing on AI spending outlook. Rakesh expects NVIDIA's adjusted earnings per share to be $2.08, with revenue at $92 billion, and the actual figures may be higher. He maintains a "Outperform" rating and a target price of $300.

According to businesswire, Nasdaq-listed Avalanche Treasury Company (AVAT) disclosed that as of June 30, it held approximately 15.3 million AVAX, with a book value of about 100 million dollars; the net staking income for the second quarter was 1.5 million dollars, totaling 3.6 million dollars for the first half of the year.The company reported a net loss of 44.7 million dollars in the second quarter, of which approximately 35.7 million dollars came from the fair value changes, realized losses, and impairments of its AVAX holdings, while about 15.2 million dollars were one-time transaction costs incurred from completing the business combination. The company's board also approved a Class A common stock repurchase plan of up to 10 million dollars.

NVIDIA will announce its second-quarter financial report after the U.S. stock market closes on Wednesday, with market focus mainly on five aspects: AI infrastructure financing, progress on Vera Rubin servers, open model layout, sales in China, and gross margin pressure. NVIDIA recently announced a large-scale AI infrastructure financing plan and is supporting a major data center project in southern Ohio. Investors are beginning to pay attention to the company's depth of participation in related transactions and how these financing arrangements will ultimately yield returns.In terms of products, NVIDIA stated that the next-generation Vera Rubin servers are expected to start shipping in the third or fourth quarter of this year. Previously, Blackwell was delayed for several months due to design flaws, so whether Vera Rubin can proceed as planned will be an important observation point. Meanwhile, NVIDIA is reportedly acquiring technology and engineering talent from the open-weight AI model startup Poolside through a $6 billion authorization agreement to accelerate its own Nemotron open model development.Additionally, the market will also focus on NVIDIA's sales performance in the Chinese market. Regarding gross margins, the company currently maintains a high level of about 75%, but as memory prices rise and competition for custom chips and new processors intensifies, NVIDIA may face increasing difficulty in passing costs onto customers.

Li Auto announced its unaudited financial performance for the second quarter of 2026. During the quarter, a total of 98,330 vehicles were delivered, a year-on-year decrease of 11.5%; vehicle sales amounted to 24.1 billion RMB, a year-on-year decrease of 16.7%, but a quarter-on-quarter increase of 11.8%; total revenue was 25.7 billion RMB, a year-on-year decrease of 15.1%, with a quarter-on-quarter increase of 11.7%. The vehicle gross margin was 9.4%, with a total gross profit of 2.8 billion RMB and a gross margin of 11.0%. The operating loss was 2.3 billion RMB, the net loss was 1.7 billion RMB, and the non-GAAP net loss was 1.5 billion RMB.As of June 30, 2026, Li Auto had 495 retail stores in China, covering 160 cities, as well as 536 service centers and authorized stores, covering 220 cities, with 4,097 supercharging stations and 22,593 charging piles. In the second quarter, the company repurchased approximately 41.23 million Class A shares and 9.49 million ADSs. CEO Li Xiang stated that in the first half of the year, Li Auto remained the leading domestic brand in the market for new energy vehicles priced above 200,000 RMB in China, having completed the L series upgrade and advanced the renewal of its pure electric product line. CFO Li Tie mentioned that the gross margin improved quarter-on-quarter and is expected to further expand in the second half of the year with product mix optimization and efficiency improvements.In recent developments, Li Auto launched the delivery of the new Li Auto L8 in June 2026 and started the delivery of the new Li Auto L6 in July, with 30,468 vehicles delivered in July alone. The company emphasized that it will continue to focus on user-oriented products, self-developed technology, and global expansion, while balancing growth and profitability.

According to CoinDesk, Goldman Sachs disclosed in its second quarter 13F filing that it holds positions in five XRP ETFs, with a total value of approximately $86.5 million, indicating that it has re-established exposure after liquidating its positions in the first quarter.The 13F filing is a report that requires institutional investors to disclose their holdings as mandated by the U.S. Securities and Exchange Commission. Goldman Sachs' disclosure this time indicates that the institution has reallocated its investments in XRP spot ETF products, involving multiple related funds.

PDD Holdings (NASDAQ: PDD) announced its unaudited financial results for the second quarter ended June 30, 2026. Total revenue for the quarter was 112.4 billion RMB (approximately 16.6 billion USD), an increase of 8% compared to 104 billion RMB in the same period of 2025, primarily driven by an increase in transaction service revenue. Among this, online marketing services and other revenue amounted to 57.6 billion RMB, and transaction service revenue was 54.7 billion RMB, a year-on-year increase of 13%.Operating profit was 27.8 billion RMB, an increase of 8% year-on-year; non-GAAP operating profit was 29.1 billion RMB, an increase of 5% year-on-year. Net profit attributable to ordinary shareholders was 27.2 billion RMB, a decrease of 12% year-on-year; non-GAAP net profit was 28.5 billion RMB, a decrease of 13% year-on-year. Basic earnings per American depositary share were 19.32 RMB, diluted at 18.45 RMB. Cash flow from operating activities was 25.7 billion RMB; as of the end of the quarter, cash, cash equivalents, and short-term investments totaled 456.4 billion RMB.Co-Chairman and Co-CEO Chen Lei stated that the evolving global trade and regulatory environment presents both challenges and opportunities, and the company will strive to build a platform that consumers can trust in the long term. Co-Chairman and Co-CEO Zhao Jiazhen mentioned that in the first half of the year, the company continuously strengthened ecological governance and promoted trust and safety measures, viewing compliance as a fundamental priority. Vice President of Finance Liu Jun stated that in the second quarter, the company increased its ecological investments, prioritizing support for merchants' development and strengthening the industry ecosystem to promote the platform's long-term sustainable development.

Cryptocurrency financial platform Antalpha announced its second-quarter financial report, with a net loss of $12.5 million and revenue declining by 28% year-on-year to $12.2 million.The company stated that its performance was impacted by fair value losses on tokenized gold holdings. Antalpha primarily provides cryptocurrency asset-related financing and liquidity services to institutional clients.

According to a report by Token Terminal, the DeFi protocol Fluid, developed by the Instadapp team, released data for the second quarter of 2026. The average TVL for the quarter was $3.4 billion, a decrease of 21.1% quarter-on-quarter, but an increase of 84.9% year-on-year; active loans were $1.5 billion, down 15.1% quarter-on-quarter, but up 92.9% year-on-year; trading volume was $18.1 billion, down 37.3% quarter-on-quarter; fees were $9.5 million, down 21.5% quarter-on-quarter; protocol revenue was $1.8 million, down 29.3% quarter-on-quarter, but up 9.8% year-on-year; monthly active users were 70.7 thousand, down 43.8% quarter-on-quarter.The capital structure continues to lean towards Jupiter Lend, which collaborates with Solana, with an average TVL of about $1.7 billion, accounting for nearly half and achieving quarter-on-quarter growth, becoming the largest lending deployment. At the beginning of the quarter, there was an outflow influenced by third-party events such as Resolv, but the Fluid contract was not attacked, and related bad debts were covered by the treasury and others, with no loss of user funds. During this period, Bitwise began managing the USDe market on Jupiter Lend, Liquidity-as-a-Service was launched with approximately $100 million in sUSDai liquidity facilities, and RWA-related assets such as Huma PST were also integrated into Fluid.The team stated that they will continue to promote institutional-level deployments, Jupiter DEX, and Sui expansion, introducing incremental capital and improving revenue efficiency through vertical products and institutional collaborations.

Blockworks released the XRP Q2 report, with XRP's quarter-end closing price at $1.04, down 19.9%, and a market cap of $65.8 billion, still the fourth largest non-stablecoin asset. XRP ETP net inflow was $253.6 million, marking the third consecutive quarter of positive inflows, totaling over $1.9 billion. CEX spot trading volume was $57.6 billion, down 53.5% quarter-over-quarter, and perpetual contract trading volume decreased by 44%.The supply of XRPL native stablecoins increased by 195.4% quarter-over-quarter to $825.5 million, with RLUSD supply at $676.9 million, up 257%. OKX has launched RLUSD with over 280 spot trading pairs, and the Japanese Financial Services Agency has approved RLUSD as an electronic payment tool, distributed through SBI VC Trade. The total value of tokenized RWAs on XRPL increased by 102.5% quarter-over-quarter to $4.46 billion, setting a new quarterly high, with Justoken's energy-related JMWH accounting for about half. The transfer volume of stablecoins increased by 207.5% quarter-over-quarter to approximately $10 billion, with RLUSD accounting for about 90%.In terms of network activity, total transaction volume was 222.4 million (down 6.5% quarter-over-quarter), daily active addresses were 16,800 (down 10.7%), DEX trading volume was $482.9 million (down 35.9%), and transaction costs fell to $0.00024 (declining for five consecutive quarters). The lending protocols XLS-65/66 received support from 9/35 and 8/35 validators respectively, still 29 votes short of the activation threshold, with a revised version to be submitted in Q3. In terms of institutional collaboration, Ondo, JPMorgan Kinexys, Mastercard, and Ripple completed the tokenization of U.S. Treasury cross-chain redemptions, and Aviva Investors subsequently launched tokenized fund shares on XRPL.