According to the Q2 report, Coinbase recorded a total revenue of $708 million, experiencing an 8% decrease compared to the previous quarter. The net revenue also declined by 10% Q/Q to $663 million. The company reported a net loss of $97 million and an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $194 million.

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Tether (USDT), the largest global company specializing in stablecoins, has announced the dismissal of a legal case filed against it. As stated on an official blog, a comprehensive and concise six-page verdict has been issued by Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York.

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KPMG has released a new report expressing a surprisingly positive view of Bitcoin and its environmental impact. According to the report, Bitcoin appears to offer several benefits from an ESG perspective, including stabilizing energy grids, reducing greenhouse gas emissions, and providing sustainable heat for both commercial and residential properties.

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Recalling the earlier details of the lawsuit, the SEC accused Terraform Labs and Do Kwon of orchestrating a multi-billion dollar crypto-asset securities scam which allegedly involved an algorithmic stablecoin and other crypto-asset securities that triggered a massive crash in the crypto market.

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