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Share link:In this post: Pinterest’s revenue beat expectations, but profit missed, and U.S./Canada user growth stayed flat, causing shares to drop 14%. The company is growing through AI, visual search, and shopping features, and expects up to $1.05 billion in Q3 revenue. Men now comprise over one-third of the firm’s users, with rising interest in wellness, fashion, tech, and finance.
Share link:In this post: Block Inc. raises 2025 profit forecast to $10.17b from $9.96b after a strong Q2. Shares surge 8% in after-hours trading following the upbeat outlook. Cash App gross profit jumps 16% to $1.50b, beating estimates, driven by Borrow, card spending, and BNPL.
Share link:In this post: Pete Bannon left Tesla after nearly a decade; he was the VP of hardware design engineering and led Dojo development. Elon Musk’s order shut down the Dojo team; engineers reassigned or left to form an AI startup called DensityAI. Tesla’s AI strategy pivots to external partners like Nvidia, AMD, and Samsung for compute and chip manufacturing.
Share link:In this post: Meta Platforms picks Pacific Investment Management Co. and Blue Owl Capital Inc. to lead financing. Pimco will deal with the $26 billion debt portion, while Blue Owl will offer $3 billion in equity. Meta increased its investments in AI this year.
SHIBA INU (SHIB) price is underperforming while the rest of the meme coin pack is running wild. Dogecoin is up 29.8% in the past 30 days, BONK is up 20.4%, PENGU soared 151.1%, and even PEPE is up over 9%. SHIB? Just 7.9%. As the meme coin index jumps 6.2% in the past 24 hours, … <a href="https://beincrypto.com/shiba-inu-price-breakdown-risk-august-2025/">Continued</a>
TMTG aims to address the challenge of sluggish core business growth by leveraging the high volatility of crypto assets through its "Financial Engine."
Japanese Bitcoin spot ETF may not arrive as early as once expected this week. SBI Holdings denied earlier reports that it has formally filed for crypto-related exchange-traded funds (ETFs) in Japan, clarifying that the plans remain in the development phase. Regulatory Clarity Still Pending “Contrary to some media reports, we have not filed any applications … <a href="https://beincrypto.com/japan-crypto-etf-not-officially-filed-plans-still-in-development-phase/">Continued</a>
PI Network's token is showing bullish momentum after a period of consolidation, with key indicators like MACD and BBTrend signaling a potential breakout.
- 12:57Tether's new stablecoin USAT is planned to launch by the end of the yearChainCatcher reported that crypto journalist Eleanor Terrett stated that Tether held the US launch event for its new stablecoin USAT in New York. Tether CEO Paolo Ardoino said the goal is to launch USAT by the end of the year. The new CEO Bo Hines announced that the new US headquarters will be located in Charlotte, North Carolina.
- 12:35DefiLlama founder: Figure TVL data authenticity is questionable, not excluded from the ranking due to X platform follower countChainCatcher reported that DefiLlama founder 0xngmi posted on social media stating that DefiLlama discovered a serious discrepancy between Figure's on-chain assets and trading volume: BTC and ETH reserves are extremely limited, its own stablecoin supply is minimal, most loans are still processed in fiat currency, and there is almost no on-chain trading. They suspect that most of Figure's TVL may simply be a mirror of an internal database rather than real, tradable assets. As part of due diligence, DefiLlama has discussed Figure's TVL data (claimed to be $12 billion) with the Figure team in a Telegram group chat and has raised several system and issuance-related questions. However, a person familiar with the entire process spread rumors on X (formerly Twitter) claiming that DefiLlama refused to list Figure due to its follower count on X, and some even implied that DefiLlama charges listing fees, which is completely untrue. In fact, DefiLlama has never refused any project due to follower count, nor has it charged any fees, and it continues to adhere to strict due diligence to ensure the authenticity and reliability of the data.
- 11:54DefiLlama founder: Pressured for investigating and questioning Figure's claimed RWA dataJinse Finance reported that 0xngmi, the anonymous founder of the on-chain data analysis website DefiLlama, posted on the X platform stating that Figure wanted him not to conduct due diligence on the company and tried to exert pressure through both public and private defamation. 0xngmi pointed out that DefiLlama’s value lies in users’ trust in its ability to provide good data, and that providing high-quality data that meets user expectations and helps them make correct decisions is crucial. Figure claims that their on-chain RWA scale has reached $12 billion, but DefiLlama’s investigation found some strange things: 1. Figure only holds $5 million worth of BTC and $4 million worth of ETH on exchanges (with bitcoin’s 24-hour trading volume being only $2,000); 2. Figure’s own stablecoin YLDS has a supply of only 20 million, and theoretically all their RWA transactions should be based on this; 3. Most of Figure’s RWA asset transfer transactions appear to be conducted by accounts other than those holding these assets; 4. The vast majority of Figure’s loan processes are completed through fiat currency, with almost no on-chain payments found. Therefore, DefiLlama is unsure how $12 billion in assets are being traded when there are so few assets available for trading on-chain, and since most holders do not seem to transfer these assets with their own keys, whether they are simply mirroring their internal database onto the blockchain.