Bullish reports $280 million Q2 net loss as crypto trading slows
Bullish reported $92.6 million in adjusted revenue and refined its full-year guidance as subscription, services and other revenue reached a record $62.7 million.
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Summary
- Bullish posted a net loss of $280 million, or $1.78 per diluted share, compared with net income of $108.3 million, or $0.93 per share, a year earlier.
- Adjusted revenue rose 62% year over year to $92.6 million, while adjusted EBITDA increased to $29.5 million from $8.1 million.
- Subscription, services and other revenue reached a record $62.7 million, offsetting softer trading conditions as digital asset sales fell to $32.6 billion from $58.6 billion.
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Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
