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Antalpha Q2 Revenue Drops 28% to $12.2 Million
Antalpha Platform Holding Co reported second-quarter 2026 total revenue of $12.2 million, down 28% year-over-year from $17 million in Q2 2025. Revenue excluding the Cango facility declined 15% year-over-year, reflecting lower average loan balances, while technology financing fees fell 40% to $7.7 million and technology platform fees rose 10% to $4.5 million. The total value of loans facilitated decreased to $1.35 billion as of June 30 from $1.61 billion at the end of Q1, and hash rate financing stood at approximately 30.9 exahash, about 3.1% of the global Bitcoin network hash rate. GAAP operating loss widened to $25.1 million from $0.5 million in the prior year period, and net loss attributed to Antalpha was $12.5 million compared with net income of $0.7 million in Q2 2025. Adjusted EBITDA loss was $27.4 million, including approximately $26.2 million in unrealized losses related to XAUT and XAUE holdings, while Aurelion contributed a $24.4 million operating loss primarily due to a $22.3 million fair value loss as XAUT price declined from $4,667 to $3,996 per unit during the quarter. The company guided Q3 2026 revenue between $10 million and $12 million.
GuruFocus·7dRead more ▾
Digital Finance & Tokenization▲
Equiniti and Bullish Complete Elemental Royalty Dividend Distribution with Tether Gold Payment Option
Equiniti and Bullish have completed a dividend distribution for Elemental Royalty Corp. that offered eligible shareholders the option to receive payments in Tether Gold alongside traditional methods. Equiniti facilitated the digital asset component of the distribution, while Bullish provided digital asset distribution support for shareholders who elected to receive payment in Tether Gold. The initiative expanded shareholder choice while maintaining established distribution processes, demonstrating how issuer services and digital asset infrastructure can work together to support evolving needs.
GlobeNewswire·22dRead more ▾
Digital Finance & Tokenization▲
Binaxity Launches Gold Investment Line of Credit Backed by Tether Gold
Binaxity Ltd has launched a Gold Investment Line of Credit that lets users build gold exposure with double their buying power. Users contribute as little as $10 in USDT or USDC, Binaxity matches it 1:1 as an interest-only loan, and the combined funds buy Tether Gold (XAUt). Borrowers pay monthly interest starting at 6.5%, with no margin calls and the ability to redeem anytime. The interest rate is variable, rising only if the XAUt price drops, and can reach a maximum of 15.5% if the decline exceeds 80%.
GlobeNewswire·36dRead more ▾
Digital Finance & Tokenization▲
Tether Gold Outflows Hit 16x Their Daily Average as Whales Accumulate
Tether Gold recorded $17.4 million in net exchange outflows over the past 24 hours, around 16 times its average daily level, as crypto whales accumulated the tokenized gold asset. Investment firm Abraxas Capital withdrew approximately 3,931 XAUT worth around $15.96 million from Bitfinex, OKX, Bybit, and Binance, while a whale wallet resumed accumulating after a three-year hiatus, pulling 953 XAUT valued at roughly $3.93 million from Binance over three days. Over the past seven days, XAUT registered net outflows of $34.1 million, more than four times its typical weekly pace. The trend extends to other tokenized gold assets, with Paxos Gold also posting notable net exchange outflows. However, some large holders have been selling, with two of the largest tracked wallets each shedding more than 5,000 XAUT over 30 days, tempering the bullish signal.
BeInCrypto·48dRead more ▾
Digital Finance & Tokenization▲
Tether's gold reserves hit $23 billion, now used as loan collateral
Tether's gold reserves have climbed to approximately 148 tonnes, worth roughly $23 billion as of January 31, according to Jefferies analysts. The holdings back both the USDT stablecoin and the XAUT token, placing Tether among the world's top 30 gold holders. Crypto lender Ledn has added support for XAUT and USDT, allowing users to hold Bitcoin and XAUT in transaction accounts and receive or repay loans in USDT or USAT. Later this year, users will be able to borrow against XAUT, with Tether stating that loan collateral will never be lent out for interest or used to fund the business.
TheStreet·58dRead more ▾