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Citadel Securities' Q2 trading revenue hits record $7.3 billion. 2026-08-27 13:55:02 According to Bloomberg, Citadel Securities' second-quarter trading revenue hit a record $7.3 billion, more than doubling compared to the same period last year. The firm's net profit surged to $3.3 billion, up over 250% year-over-year, driven by growth in its high-touch equities business. Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer. In-Depth Analysis

LayerZero (ZRO), together with Citadel Securities and DTCC, will launch the institutional crypto exchange ATLAS this fall. 25 Aug, 2026 byDropsTab Join Its Socials ATLAS will not have a consumer application; it will become the underlying infrastructure for trading assets on the blockchain for institutional clients. Coinbase has launched tokenized stocks on Base. Trading is available 24/7, and liquidity has already appeared on Aerodrome (AERO). 25 Aug, 2026 byDropsTab Join Its Socials Coinbase has launched tokenized shares of U.S. companies on the Base network. These shares are issued under the B20 standard and are backed by real shares held in a 1:1 ratio by the regulated broker and custodian Alpaca. Users outside the U.S. in supported jurisdictions will be able to hold and trade fractional shares of stocks, including Apple and NVIDIA, directly through non-custodial wallets. Trading is available 24/7, and liquidity has already appeared on Aerodrome. The tokenized shares can also be used in Base's DeFi protocols - for example, as collateral for loans via Aave or to provide liquidity on DEXs. B20 is based on ERC-20 and is compatible with existing wallets and DeFi infrastructure. Dividends and stock splits are accounted for via a special on-chain mechanism without changing the number of tokens on the balance. Base announced that in the coming weeks, Coinbase's list of available tokenized shares will be expanded, and later, other RWA assets are planned to be added to the network. Arthur hayes' new essay, "same same but different": Bessent repeats Yellen's pattern - Bitcoin responds with a rise. 25 Aug, 2026 byDropsTab Join Its Socials The actions of the U.S. Treasury Department, led by Scott Bessent, are starting to resemble Janet Yellen's policy from late 2023, when an increase in short-term government bond issuance helped release about $2.4 trillion in liquidity. It was precisely this factor that supported the growth of Nasdaq and Bitcoin at the time. Now, Bessent is trying to curb the rise in long-term Treasury yields by increasing the volume of reverse repurchase agreements. On August 19, the Treasury announced additional buybacks totaling approximately $20 billion, after which the yield on 10-year bonds briefly declined, and Bitcoin saw a noticeable rally. However, this volume is insufficient, and the market may force the Treasury to expand its support. Three possible scenarios: * The Treasury and the White House cut spending - unlikely ahead of the election; * Bessent announces unlimited bond buybacks at yields above 5% (following the model of the Bank of Japan) - the best-case scenario for Bitcoin; * The most likely scenario is a gradual increase in buybacks combined with the use of other reserves, including the Treasury's account at the Federal Reserve (TGA, around $1 trillion). A direct interest rate cut or a new round of quantitative easing is unlikely until the AI infrastructure market bubble bursts. Maelstrom's position: The company holds maximum risk in its portfolio - betting on Bitcoin, Ether, Ethena, and Ether.fi. Mining Zcash (ZEC) is currently 4.5 times more profitable than mining Bitcoin (BTC). 24 Aug, 2026 byDropsTab Join Its Socials Against the backdrop of ZEC's growth, the profitability of Zcash mining has noticeably increased. Currently, the Antminer Z15 Pro generates about $727 in gross revenue per 1 MWh of electricity: * Zcash - $727 per 1 MWh. * AI/HPC computing - $223. * Bitcoin on the Antminer S23 Pro - $162. * Bitcoin on the Antminer S21 Pro - $103. In terms of gross revenue per unit of electricity, Zcash mining is now approximately 3.3 times more profitable than AI/HPC and 4.5 times more profitable than Bitcoin mining on the new-generation ASICs. As recently as late June, the Z15 Pro generated around $373 per 1 MWh. The main driver behind this increase was the rise in ZEC prices by roughly 70% over the past week. It's important to note that this refers specifically to gross revenue, excluding costs for equipment, maintenance, and electricity consumption. The Entropy platform for trading pre-IPO assets on Hyperliquid has raised $14 million and $40 million in HYPE. 24 Aug, 2026 byDropsTab Join Its Socials The Entropy project has announced the raising of $14 million in funding led by Ribbit Capital, as well as $40 million in HYPE, which will be staked to develop trading markets on Hyperliquid. Entropy's first product will be a marketplace for trading Anthropic - the team calls it the first liquid way to gain exposure to the company before its IPO. Entropy is developing infrastructure for trading assets that are difficult to bring onto conventional markets: pre-IPO companies, startups, commodities, indices, and other instruments. To this end, the project is building its own liquidity-weighted oracle that will take into account the real depth of the market and enable price discovery directly through the order book. The team consists of former employees and traders from Citadel Securities, Optiver, Polymarket, and Millennium. The project's first markets are already being launched on Hyperliquid. BTC at the moment > 81,000. 24 Aug, 2026 byDropsTab Join Its Socials Join Stake 200% Bonus. Win $100k Daily. Play with Crypto, Enjoy Best VIP Club, Daily Bonuses, Instant Withdrawals.