This week, Coinbase announced a $2 billion convertible note raise, aimed at acquisitions and corporate expenses, following a 25% revenue drop in Q2. Analysts have expressed concerns about Coinbase's performance, particularly in the face of disruption from decentralized exchanges. Meanwhile, Core Scientific's largest shareholder, Two Seas Capital, opposes a $9 billion sale to CoreWeave, deeming it an inadequate valuation that could disadvantage current shareholders. Lastly, Block Inc. has added 108 Bitcoin to its treasury, increasing total holdings to 8,692 BTC, valued at approximately $1 billion, amidst growing interest in its Bitcoin retail offerings through the Cash App, which accounted for $2.14 billion in revenue in Q2. These developments reflect the volatile and competitive landscape as major players navigate investments and partnerships in the evolving cryptocurrency sector.

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