04 Aug 2023

The Friday Focus 97: DeFi fears after exploit and Q2 results

DeFi protocol Curve exploit leads to broader DeFi concerns, Coinbase's new Base network, and Q2 results. This, and more, in today's Friday Focus.
Friday Focus Cover page

Top stories

  • DeFi protocol Curve exploit leads to broader DeFi concerns 
  • Crypto companies report Q2 results
  • Coinbase's new Base network to fully 'open' next week
Crypto companies report Q2 resultsSeveral crypto companies have recently published their Q2 quarterly reports. Key highlights include:
  • Coinbase exceeded analyst estimates, reporting $708 million in Q2 revenue compared to $808 million in the same period last year.
  • Robinhood's latest earnings report showed a drop in crypto revenue.
  • Tether reported a net profit of $850 million in Q2 in their latest attestation report.
  • Cash App witnessed a 34% increase in Q2 bitcoin sales, reaching $2.4 billion.
DeFi collateral concerns and rugpull on Coinbase's new blockchain
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