Crypto mining firm MARA released its Q2 financial results: its Bitcoin holdings fell 29% year-over-year to 35,577 BTC, posting a net loss of $611 million.
Bitcoin miner MARA released its second-quarter 2026 financial report. Revenue totaled $175 million, a 27% year-over-year decline; net loss amounted to $611 million, with adjusted EBITDA coming in at a negative $361 million. End-of-period computing power rose 22% year-over-year to 70.3 EH/s, Bitcoin production increased 3% YoY to 2,422 coins; Bitcoin holdings decreased 29% YoY to 35,577 coins; the combined value of cash and Bitcoin stood at approximately $2.5 billion.
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LG Chairman and Jensen Huang will meet in Silicon Valley next week, with plans to deepen cooperation in AI infrastructure and robotics.
According to Yonhap News Agency, Koo Kwang-mo, chairman of LG Group, will hold a face-to-face meeting with NVIDIA CEO Jensen Huang in Silicon Valley, U.S. next week to deepen their cooperation in artificial intelligence (AI) infrastructure and robotics. The meeting comes roughly two months after the two executives’ earlier gathering in Seoul in early June. Sources familiar with the matter said the two sides are expected to discuss potential investment scale and technology development timelines. During their June 8 Seoul meeting, Huang announced that NVIDIA would partner with LG Group on humanoid robots and next-generation data centers. Koo noted at the time that detailed discussions could not be held due to time constraints, prompting Huang to invite him to California for follow-up talks. The Silicon Valley meeting is a continuation and deepening of the Seoul discussions. LG Electronics, an LG Group subsidiary, has already carried out multiple collaborations with NVIDIA in AI data centers and robotics. This direct top-level dialogue will establish a specific framework and roadmap for the two sides’ strategic cooperation in AI infrastructure and robotics.
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A hacker address purchased 1,277 ETH, spending 2.44 million DAI.
On-chain analyst Ai Yi (handle @ai_9684xtpa) has detected that the hacker who previously targeted the prominent MEV bot Jaredfromsubway.eth, inflicting over $7.5 million in losses, has resumed activity after a month. Ten hours ago, the hacker spent their remaining 2.44 million DAI to buy 1,277 ETH, and it is speculated they will next mix the funds via Tornado Cash—this is also the hacker’s last pending on-chain fund.
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Optical network startup Lumilens has completed a Series C funding round of over $700 million, with a valuation of $5.51 billion.
Optical network startup Lumilens announced it has completed over $700 million in Series C funding, with a valuation reaching $5.51 billion. The round was co-led by Atreides Management, Bain Capital Ventures, Meritech, Seligman Ventures, and Spark Capital, bringing the company’s total raised capital to over $900 million. Headquartered in San Jose, California, Lumilens designs and manufactures optical and networking products that enable data centers to achieve faster data transmission with lower power consumption. The company said it has been supplying a hyperscale cloud provider under a multi-billion-dollar deal, but declined to disclose the specific name, only confirming the client is one of the four major hyperscale cloud providers. CEO Ankur Singla pointed out: "The bottleneck in AI has shifted from how many GPUs you can purchase to how many GPUs you can connect. Hyperscale cloud providers have told us they need two key things: a significant increase in their existing network’s optical capacity, and a path to connect thousands of GPUs directly into the same cluster." Lumilens also revealed it has recruited executives and engineers from firms including Cisco, Juniper, Meta, Marvell, Lumentum, and Coherent to enhance its expertise in photonics and large-scale networking. The proceeds from this funding round will be used to expand the company’s engineering and manufacturing operations.
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HyperLabs has redeemed $24.25 million in HYPE, and may be poised to sell.
According to EmberC's monitoring, 433,000 HYPE tokens (valued at $24.25 million) that Hyperliquid development team HyperLabs requested to redeem from staking a week ago arrived in its address early yesterday. Early this morning, these 433,000 HYPE tokens were distributed to nine wallet addresses. Based on prior unstaking transfer records, these HYPE tokens are expected to flow into centralized exchanges (CEXs) via market maker Flowdesk or will be sold imminently.
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A temporary agreement framework on the Strait of Hormuz has been reached, laying the groundwork for the resumption of US-Iran nuclear talks.
According to US media outlet MS NOW, two Middle Eastern diplomats familiar with the negotiations said Oman has agreed to reach a framework deal with Iran to temporarily reopen the Strait of Hormuz. An Iranian government official stated the agreement will establish a new shipping corridor by allowing merchant vessels to enter the Persian Gulf via an Iran-controlled route and exit via an Oman-controlled route. The deal does not include tolls for merchant ships seeking safe passage through the waterway. The proposal is a "temporary agreement" that would lay the groundwork for Washington and Tehran to announce a new ceasefire and restart nuclear talks. Iranian officials added that the International Maritime Organization (IMO) and the US will participate in the official announcement of the agreement. A Gulf Cooperation Council (GCC) government official said the arrangement has been endorsed by GCC member states. Officials have not yet disclosed when the agreement will be announced. However, whether the US will support the strait management deal depends on final details. A US official noted that Washington will only back a temporary agreement to reopen the strait under the conditions of unimpeded access and no tolls.
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