revenue

The Hong Kong-listed company Okex Cloud Chain (1499.HK) announced its annual results for the year ending March 31, 2026. During the period, the group generated approximately HKD 191.7 million in revenue from continuing operations, a decrease of about 46.7% compared to HKD 359.8 million in the same period of 2025.The company incurred a loss of approximately HKD 28.8 million this year, widening the loss by about 82% compared to the same period last year; the basic and diluted loss per share was HKD 0.54.The report indicated that the group terminated its digital asset proprietary trading business and technical services during the reporting period, with approximately HKD 96.55 million in digital assets reclassified as intangible assets.

New Fire Group released its interim performance report for the six months ending March 31, 2026. The group recorded a loss of approximately HKD 244.9 million (unaudited), a significant increase of about 1890% compared to a loss of HKD 12.3 million in the same period of 2025. Among them, the cryptocurrency asset trading business recorded revenue of HKD 1.9447 billion, a year-on-year decrease of about 43.4%.In terms of business segments, in the asset management business, as of the end of the reporting period, the assets under management (AUM) reached approximately USD 145.6 million; the number of New Fire quantitative trading clients increased by about 12.9% compared to the same period last year.In the trust and custody business, the number of private banking accounts successfully opened during the reporting period increased from 37 to 305; the number of accounts interested in opening increased from 106 to 668.In the cryptocurrency over-the-counter trading business, the number of OTC trading clients increased from 8 to 31, with a monthly compound growth rate of 31.1%.In addition, the group's compliant exchange in Japan, BitTrade, has accumulated a total of 288,214 registered users.

According to Dr. Crossroads' analysis, Robinhood's event prediction market revenue is expected to surpass its traditional cryptocurrency trading revenue as early as the second quarter of this year. Data shows that as of June 25, Robinhood has recorded approximately 12.3 billion event contract trades in the second quarter. Based on the usual 1 cent per contract revenue share, this is expected to contribute at least $123 million in single-quarter revenue, pushing the annualized revenue rate (ARR) of this business to $500 million. In comparison, due to the decline in institutional trading volume, its cryptocurrency business revenue in the second quarter is expected to fall below the first quarter's $134 million.At the same time, Robinhood's newly launched prediction market platform Rothera has surpassed 900 million contracts traded in its first week, bringing nearly 60% of potential contract trading increment to the company. Through Rothera's full-stack self-research and vertical integration, Robinhood plans to change the current fixed model where users pay 2 cents per contract (with the company and partner exchanges each receiving 1 cent), reducing the new fee rate to a minimum of 0.6 cents. This move aims to sprint into the top three in the industry through core price advantages while retaining the economic benefits of trade execution entirely within its ecosystem while passing savings on to users.

According to CNBC, Polymarket stated that its annual revenue has significantly exceeded $1 billion, a development that comes just six weeks after its U.S. trading platform lifted the waiting list. The platform operates independently from its international DeFi prediction market and will gradually expand user access after its launch in December this year.Driven by the FIFA World Cup, the trading activity in the prediction market has significantly increased, with trading volumes across multiple platforms rising simultaneously. Data shows that the daily trading volume on the U.S. platform has grown from about $50 million in mid-May to over $200 million on June 20 (based on Dune Analytics data).Meanwhile, its international platform set a record for weekly trading volume during the World Cup, reversing the downward trend seen in April and May. The U.S. business was previously restricted due to regulatory issues in 2022, but resumed operations in the form of a regulated exchange after the U.S. Commodity Futures Trading Commission (CFTC) and the Department of Justice dropped their investigation and did not file charges in 2024.Currently, the U.S. platform is primarily mobile-based, requiring users to download the app via a QR code to trade, with the desktop version not yet available. Polymarket stated that it will continue to optimize market experience, liquidity, and product design to enhance both institutional and consumer-level experiences in the prediction market.

Focusing on the next-generation global payment operating system driven by stablecoins, PhotonPay today officially released the "2026 Global Game Operation White Paper: From Traffic Growth to Revenue Realization." The report reveals a significant pain point in the industry that is severely eroding the profits of global game publishers: despite the top 100 mobile games worldwide capturing 57% (approximately $46.6 billion) of the mobile market revenue, the extreme fragmentation of backend payment channels is causing a substantial loss of transactions globally, leaving countless overseas game developers in the awkward position of "having revenue but unable to cash out."To address this pain point, PhotonPay has launched a multi-route aggregated payment network that can automatically convert players' local fiat currency payments into compliant on-chain stablecoins at the backend. This solution achieves second-level clearing and real-time settlement in over 200 countries and regions worldwide without altering the players' native payment experience.It is reported that PhotonPay is a stablecoin-driven global financial infrastructure operating system. Designed for modern enterprises and global platforms, PhotonPay empowers businesses to achieve seamless fund collection, exchange, and settlement between fiat currency and stablecoins through a single, compliance-first interface. The service network of PhotonPay covers over 200 countries and regions worldwide and holds relevant financial licenses in core global markets, aiming to reshape the efficiency boundaries of global payroll and global payments in the digital asset era.

Grayscale posted the current protocol revenue rankings of the top 15 on-chain applications, with Hyperliquid (HYPE) ranking first with $871 million in 12-month protocol revenue, followed by Pump.fun (PUMP, $459 million) and PancakeSwap (CAKE, $322 million).The accompanying image shows that some leading applications already have real cash flow and lower operating costs, but their current valuation multiples remain low. For example, the revenue multiples for projects like PUMP, CAKE, and METEORA are only 1x, AERO is 4x, and LDO is 3x.Grayscale stated that in the context of the CLARITY Act potentially advancing in the coming weeks, these on-chain applications with real revenue and relatively reasonable valuations may become attractive investment opportunities.

According to a report by Sina Finance, Micron Technology (MU) released its financial report for the third quarter of fiscal year 2026. Driven by strong demand for high bandwidth memory (HBM) and advanced storage solutions in the AI and data center markets, Micron's total revenue for the quarter reached $41.46 billion, a significant increase from $9.3 billion in the same period last year, setting a historical high for the same period. Among them, the DRAM business performed exceptionally well, accounting for approximately 77% of total revenue, becoming the core performance contribution segment.Financial data shows that Micron's GAAP net profit for the third quarter was $28.24 billion (diluted earnings per share of $24.67), and non-GAAP net profit was $28.86 billion (diluted earnings per share of $25.11), with operating cash flow for the period reaching $25.39 billion. In addition, Micron has currently signed multiple strategic customer agreements to support long-term growth, and the market will focus on its progress in addressing potential supply constraints and capacity expansion. It is expected that its new wafer fabrication plants will provide substantial performance increments for the company starting from fiscal year 2028.

Bitcoin miner revenue has continued to decline over the past year, with the current 7-day moving average daily income at approximately $30 million, significantly lower than last summer's level of over $50 million. Among this, transaction fees have dropped to less than $250,000 per day, almost negligible compared to block subsidies.Meanwhile, the price of Bitcoin is around $62,500, below JPMorgan's estimated production cost of about $78,000. This state of being below production costs has persisted for five months, the longest duration in this cycle. Historically, production costs are often seen as a soft bottom area for Bitcoin prices. Currently, it is estimated that about 20% of miners are in a loss position at the current price, and the pressure is beginning to reflect at the network level.Over the past six months, the sensitivity of mining difficulty to Bitcoin prices has risen to 0.62, indicating that high-cost miners are increasingly inclined to turn off their mining machines based on price fluctuations rather than continue mining at a loss. In the second week of June, Bitcoin mining difficulty decreased by 10%, marking the second occurrence of a similar magnitude adjustment this year. A comparable adjustment also occurred in the previous quarter, with both instances happening during periods when prices remained below production costs, indicating that pressure on the miner side is deepening.

According to Jinshi reports, Qualcomm's stock rose over 14% after hours, and Qualcomm's CFO stated that the goal is to achieve $5 billion in revenue from AI data center business by fiscal year 2027.

On-chain data shows that as of now, the HIP-3 market has generated a total revenue of 44 million USD. Among them, 22 million USD has been allocated to HIP-3 developers, and the remaining 22 million USD is used for repurchasing HYPE tokens. HIP-3 is the market creation and incentive mechanism within the Hyperliquid ecosystem, allowing developers to create and operate trading markets and earn protocol revenue sharing based on market performance. The disclosed data indicates that HIP-3 has become an important source of revenue for the Hyperliquid ecosystem while continuously providing financial support for the repurchase of HYPE tokens.

Visa announced its second quarter results for fiscal year 2026, with net revenue of $11.2 billion, a year-on-year increase of 17%; GAAP net profit of $6 billion, a year-on-year increase of 32%; and earnings per share of $3.14, a year-on-year increase of 36%, all exceeding market expectations.The board authorized a new round of $20 billion multi-year stock repurchase program in April. In terms of stablecoin business, Visa's settlement pilot has reached an annualized scale of $7 billion, a 50% increase from the previous quarter, covering nine blockchain networks (including Polygon and Base), and operating over 130 stablecoin-linked card programs in more than 50 countries.In March of this year, Visa partnered with Bridge, a stablecoin infrastructure company under Stripe, to promote stablecoin-linked cards in over 100 countries. According to reports in early June this year, Visa, Mastercard, and Stripe are exploring the co-construction of a stablecoin platform. If the three major payment networks collaborate on stablecoin infrastructure, it could establish a de facto standard for the circulation of digital dollars in global commerce.

a16z crypto Paul Cafiero stated that the technology and cryptocurrency industries are entering the "Show Me" era, where the previous model of gaining market recognition through vision, white papers, tokens, and team backgrounds is failing. With regulatory scrutiny, incidents involving bad actors in the industry, the large-scale entry of traditional financial institutions, and the rapid deployment of AI products, the external audience's tolerance for "stories" has significantly decreased.He believes that after institutions like BlackRock, Fidelity, JPMorgan, and Franklin Templeton entered the cryptocurrency and tokenization space, the threshold for serious projects in the industry has been raised. Project teams now need to demonstrate real data, on-chain transaction volume, active users, revenue, retention, deployed integrations, and verifiable partnerships. He stated that in 2021, it might have been possible to impress the market with 80% vision and 20% facts, but now that ratio has reversed.

According to Defillama data, the 24-hour application revenue of the Solana blockchain reached $2.8 million, with Hyperliquid L1 at $1.37 million, Ethereum at $1.09 million, Polygon at $954,000, and Base at $346,000.

According to The Information, the prediction market platform Kalshi has annual revenue exceeding $2 billion and has begun early, informal discussions with several investment banks regarding its initial public offering (IPO).

According to Rest of World, in order to significantly reduce operating costs, American developers and startups are accelerating the adoption of Chinese AI models such as DeepSeek, Minimax, and Kimi. Due to their high cost-effectiveness in handling common tasks like code writing, the market share of Chinese AI models is rapidly increasing. Data shows that in May, the Token usage share of DeepSeek on the service provider Vercel platform surged from less than 1% to 17%. Additionally, it is reported that Microsoft is also exploring the use of DeepSeek or other open-source models as a low-cost alternative for Copilot.However, despite the popularity of Chinese AI models in the market due to their price advantage, many American companies and developers choose to access these models indirectly through local servers or American cloud service providers, constrained by domestic political scrutiny and data security concerns. This has led to Chinese AI companies facing high usage rates while still struggling to effectively convert traffic into substantial direct revenue and long-term enterprise-level customer trust in the U.S. market.

Grayscale Research's latest report shows that Aave, as the leading protocol in the DeFi lending space, currently has a reasonable valuation range for the AAVE token of $80 to $100.The report points out that Aave's protocol revenue is expected to grow more than 6.6 times from 2023 to 2025, with an operating profit margin of about 50%, and there is still room for further improvement as the scale expands. The Aave DAO treasury has reached a maximum of $360 million, providing ample capital for the protocol's development.Grayscale believes that the current price of AAVE at around $75 implies an annualized growth rate of about 9% over the next 10 years, which is a relatively conservative expectation. If Aave can achieve an annualized growth rate of 25%, the corresponding price could reach $227; if it reaches 35%, it could reach $444.However, the report also emphasizes that Aave's future performance will still depend on the competitive landscape of DeFi lending, regulatory clarity, and the advancement of stablecoin and RWA tokenization businesses.

According to financial audit documents disclosed by technology critic Ed Zitron and verified by the Financial Times, OpenAI achieved revenue of $13.07 billion in 2025, but total costs and expenses reached $34 billion, resulting in an operating loss of $20.92 billion for the year. Due to OpenAI's structural shift to a for-profit entity that year, it incurred a loss of up to $41.55 billion from the fair value change of convertible equity and warrants. After accounting for interest and other factors and excluding non-controlling interest gains and losses, the final net loss attributable to OpenAI for 2025 amounted to $38.53 billion.Comparative data in the documents indicate that OpenAI's losses are showing a dramatic year-on-year increase. Its revenue in 2024 was $3.7 billion, total costs were $12.48 billion, operating loss was $8.78 billion, and the final net loss attributable to the company was $5.09 billion. By 2025, its core expenses saw R&D costs surge to $19.18 billion, revenue costs were $7.5 billion, and sales and marketing expenses were $5.73 billion. By the end of 2025, OpenAI had slightly over $50 billion in assets, nearly half of which was cash reserves.Additionally, the document disclosed for the first time the financial transactions between OpenAI and its major strategic partners in detail. During 2025, SoftBank paid OpenAI $867 million, while Microsoft paid $303 million. Meanwhile, OpenAI paid Microsoft service fees of up to $17.2 billion in the 2025 calendar year, of which $10.59 billion was accounted for as R&D expenses (widely believed to be for model training costs), and $6.047 billion was related to revenue costs. By the end of 2025, OpenAI still had approximately $3.64 billion in liabilities to Microsoft.

According to Bloomberg's senior ETF analyst Eric Balchunas, the BlackRock iShares Bitcoin Strategy ETF (BITA) officially took effect last Friday afternoon and is expected to begin trading around this Thursday, with the specific timing possibly being moved up or delayed by a day.

According to X user @vonzz6, during the World Cup, Polymarket's 24-hour revenue surpassed Hyperliquid for the first time, becoming the third largest project after USDT issuer Tether and USDC issuer Circle.

American software giant Adobe released its Q2 results for fiscal year 2026, with revenue of $6.62 billion, a year-on-year increase of 13%, and an 11% increase when calculated at constant exchange rates; diluted earnings per share were $4.25, and adjusted earnings per share were $5.96. At the end of the quarter, the total annual recurring revenue reached $27.1 billion, which includes approximately $480 million from Semrush. During the same period, GAAP operating income was $2.24 billion, and non-GAAP operating income was $2.95 billion; GAAP net income was $1.71 billion, non-GAAP net income was $2.4 billion, and cash flow from operating activities was $2.17 billion.Adobe CEO Shantanu Narayen stated that the record revenue in the second quarter reflects strong customer demand for artificial intelligence products.