Business & Technology
Business and technology in crypto means the companies, infrastructure, and product moves that aren't pure protocol news. LeoDex News covers exchange business (earnings, executive moves, IPOs, geographic expansion), mining stocks (RIOT, MARA, IREN, CleanSpark), Layer-1 infrastructure providers, partnerships and acquisitions, gaming and NFT platforms with real users, and the wider Web3 product landscape.
We track the strategic moves: which exchange is winning institutional flow, which custodian is taking share, which infra provider quietly powers a category, which product launches are real and which are vapor. Skip the press-release noise — read what's actually shipping and who's actually using it.
Latest in Business & Technology
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Equinix raises $3B in bonds for AI data center expansion
The largest publicly traded data center operator is raising at least $3 billion through a new bond offering to support its AI infrastructure buildout across 77 global markets, underscoring the massive capital requirements driving the sector.
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Luno cuts 20% of staff as automation reshapes exchange operations
Crypto exchange Luno is cutting approximately 20% of its workforce, with CEO James Lanigan citing automation and operational improvements. The move marks the second major reduction at the London-based exchange, which serves 16 million users across Africa and Asia-Pacific.
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Robinhood slides 4% despite earnings beat as crypto revenue cools
Robinhood reported record revenue of $1.31 billion and beat earnings expectations, but shares fell 4% after-hours as crypto trading revenue declined 38% year-over-year to $100 million, though gains in options, equities and prediction markets offset the slowdown.
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Coinbase Q2 earnings: Wall Street cuts forecasts as trading volumes fall
Spot trading volumes fell sharply in the second quarter as crypto prices declined, prompting analysts at Barclays, Benchmark, Clear Street and Compass Point to cut Coinbase earnings estimates ahead of Thursday's results. The company's outlook on regulation and diversification efforts may matter more than the numbers.
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RobinhoodChain hits $885.50M RWA volume in first month post-launch
RobinhoodChain, which launched in July, recorded $885.50 million in RWA transfer volume as of July 29, representing a 2,424,301% surge over 30 days. Market observers note the spike reflects the network's transition from zero activity to production use, though questions remain about sustainability and baseline comparisons.
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Russia charges Telegram's Pavel Durov with aiding terrorism
Russia's Federal Security Service charged Telegram founder Pavel Durov with aiding terrorist activity and placed him on an international wanted list, escalating a months-long conflict between Moscow and the messaging app over content moderation and state control.
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Coinbase Canada CEO calls for permanent crypto regulation beyond trading
Coinbase's newly appointed Canadian CEO Eric Richmond says the country needs permanent digital asset legislation, not temporary exemptions, to support the company's push into derivatives, tokenized assets, and decentralized finance.
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Kansas Teacher Arrested for Applauding at AI Data Center Hearing
A physics teacher in Kansas was arrested and removed from a city commission meeting after clapping in support of speakers opposing a proposed AI data center, highlighting broader public resistance to data center expansion across the United States.
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Coinbase Appoints Rob Witoff as Chief Technology Officer
Coinbase named longtime engineer Rob Witoff as its new chief technology officer, bringing back one of the company's earliest builders as the exchange accelerates its AI-first transformation.
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Core Scientific Q2 revenue hits $164M as AI colocation surges
Core Scientific doubled revenue to $164.2 million in Q2 2026, driven by AI colocation services that now represent 83% of earnings. A landmark AMD partnership covering 530 MW signals a strategic pivot away from Bitcoin mining.
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Binance commands 35% of crypto exchange TradFi perpetuals market
Binance captured over one-third of open interest in TradFi perpetual contracts, with total market volume exceeding $2 billion. The exchange launched gold and silver perpetuals in January and has expanded into equities, signaling deeper integration between crypto and traditional finance markets.
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Visa cuts 7% of workforce to accelerate digital payments strategy
Visa is eliminating roughly 2,600 jobs, or 7% of its workforce, to streamline operations and redirect resources toward high-growth areas including stablecoins and cross-border payments, CEO Ryan McInerney announced ahead of quarterly earnings.
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EU AI Act mandates deepfake labeling from August 2, 2026
The EU's AI Act requires synthetic media labeling starting August 2, 2026, with fines up to €15 million for non-compliance. Blockchain-based systems are being positioned as technical infrastructure to verify content authenticity and metadata claims.
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TPG in talks to acquire Netrality Data Centers in $3B deal
Private equity firm TPG is negotiating to acquire Netrality Data Centers for around $3 billion, marking one of the largest data center transactions as AI infrastructure demand reshapes valuations across the sector.
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Chainlink expands with eight integrations across three blockchains
Chainlink announced eight integrations across four services and three blockchain networks, including partnerships with Aave, CaliberCo, and Glacis Labs. The expansion reinforces the protocol's role in cross-chain interoperability and compliance.
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Bitcoin Quantum Threat Not Immediate, Coinbase CEO Says
Coinbase CEO Brian Armstrong said quantum computing doesn't pose an immediate threat to Bitcoin, but warned the industry must begin preparing now for eventual quantum-resistant security upgrades through a newly launched Bitcoin Security Consortium.
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XRP Ledger integrates Mastercard standard for AI agent payments
Agent payments on the XRP Ledger now support Mastercard's Verifiable Intent standard, enabling AI agents to settle transactions using XRP and RLUSD. The integration follows Ripple's June 2026 participation in Mastercard's Agent Pay for Machines ecosystem.
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Robinhood Chain's tokenized stocks surge to $70 million in real-world assets
Real-world assets on Robinhood Chain jumped fivefold to $70 million, with a dozen tokenized stocks now clearing $500,000 daily. The chain's total value locked nearly tripled to $312 million since mid-July, though memecoins and stablecoins still dominate trading activity.
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Samsung Wallet to Add Stablecoin Support, Starting With USDC
Samsung announced stablecoin support for Samsung Wallet at Galaxy Unpacked on July 22, showing a mockup holding Circle's USDC. The company hasn't disclosed launch details, issuers, or whether the feature will be custodial.
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BlackRock markets $12.3B bonds for Meta's 1-gigawatt El Paso data center
BlackRock is raising $12.3 billion in bonds to finance a data center campus in El Paso, Texas, anchored by Meta through an 80/20 joint venture structure that keeps capital expenditure off the social media giant's balance sheet.
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Poolin Bitcoin mining pool files Chapter 11 with $163.7M in IOUs
Poolin Technology and its Texas affiliates filed for Chapter 11 bankruptcy on July 22, owing 11,700 wallet users $163.7 million in unsecured IOUs. Opening bids for asset sales total $52 million, or roughly 31.8% of the debt owed.
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Poolin Bitcoin Mining Pool Files Chapter 11 Bankruptcy With $173M Debt
Poolin, which once controlled nearly a fifth of Bitcoin's global hashrate, has filed for Chapter 11 bankruptcy protection in New Jersey with debts around $173 million. The Singapore-based mining company and its two U.S. affiliates are liquidating assets, including a $52 million bid on two West Texas mining sites.
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Robinhood CEO's X account hacked to promote fake $VLAD memecoin
Vlad Tenev's X account was compromised Thursday and used to promote Vladhood ($VLAD), a fake memecoin falsely claiming Robinhood app listing. The incident highlighted rising memecoin activity on Robinhood's newly launched blockchain, which has attracted $700 million in assets.
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BitMEX shuts down Sept. 23; reduce-only trading starts Aug. 26
BitMEX announced its closure on July 23 with a two-month wind-down window. Starting Aug. 26, users can only reduce positions, and any contracts still open on Sept. 23 will be force-closed.