Earnings reports and corporate moves dominated the crypto calendar this week, underscoring a divided landscape: some firms posted record top lines while others reported heavy losses, and protocol and mining updates signalled ongoing structural change as markets stayed volatile.
Earnings split the industry
Robinhood reported record revenue of $1.31 billion on July 29, 2026, a 32% increase and above consensus estimates of $1.26 billion. The firm’s crypto revenue, however, fell 38% to $100 million, indicating uneven performance across its business lines. By contrast, Coinbase’s results on July 30 showed revenue of $1.22 billion, down 14%, and a net loss of $359 million, below estimates of $1.29 billion; the exchange’s stock fell about 5% on the announcement.
Asset manager Strategy reported a net loss of $8.2 billion on July 30 driven by an impairment on its Bitcoin holdings. The filing noted Strategy held 843,775 BTC as of July 26, with a reported value of $54.8 billion, and the impairment produced the large headline loss.
Market volatility and liquidations
Derivatives markets reflected the week’s price swings: nearly $286 million in derivatives were liquidated as of July 30, when Bitcoin traded around $63,900 and Ethereum near $1,900. Those liquidations underline the sensitivity of leveraged positions to intra‑day moves in the major coins.
Ethereum’s anniversary and ETF inflows
Ethereum marked its 11th anniversary on July 30, 2026. The Ethereum Foundation has experienced a turbulent period in recent years, and institutional interest in ETH has grown alongside Bitcoin through spot ETF products—Ethereum spot ETFs have attracted over $11.23 billion in inflows, reflecting broader demand for regulated exposure to the protocol’s native asset.
Aave proposes cuts to reserves and chains
Aave put forward a proposal on July 29 to remove 50 low‑use reserves and to close operations on six chains. The proposal would affect $98.1 million in assets and $15.6 million in associated debt, part of an effort to rationalise the protocol’s active markets and reduce maintenance overhead.
Miner and equipment activity
Fortitude announced on July 30 that it agreed to purchase 9,000 Bitmain mining machines for $31.5 million to expand its Zcash mining capacity by 145%. The deal is aimed at scaling Fortitude’s dedicated Zcash hash power and represents continued hardware investment by specialised miners.
Asset manager and fund flows
Ark Invest, led by Cathie Wood, disclosed trades on July 29 showing $4.4 million in sales across Bitmain, Robinhood, Block and Bullish, while purchasing $43.5 million of Coinbase shares. The transactions are part of Ark’s ongoing portfolio adjustments and highlight active repositioning among crypto‑adjacent equities.
Crypto adoption in Canada
The Ontario Securities Commission released research on July 28 indicating that crypto ownership in Canada rose to 25% in 2026, up from 10% in 2023. The OSC’s survey points to growing retail and institutional engagement with digital assets in the Canadian market.
Taken together, the week’s results and announcements paint a picture of an industry that is maturing unevenly: some businesses and products are attracting significant capital, while others face impairments and restructuring. Market volatility and shifting allocations continue to shape strategy and operations across exchanges, protocols and miners.