XRP’s Resurgence Outshines Ethereum in Coinbase Q2 Revenue as USDT Stability Fuels Market Confidence

Coinbase's Q2 2025 earnings report highlights a surprising shift in cryptocurrency trading dynamics, with XRP outperforming Ethereum in revenue contribution. Despite a two-year delisting due to Ripple's SEC legal battle, XRP accounted for 13% of Q2 revenue and 16% of H1 earnings, surpassing Ethereum's 12% and 11%, respectively. Bitcoin maintained its dominance at 34%. This resurgence follows XRP's 2024 relisting, signaling renewed investor confidence. The stability of USDT and broader market recovery appear to be key drivers, positioning XRP as a strong contender in the evolving crypto landscape.

XRP Outperforms Ethereum in Coinbase Q2 Revenue Amid Trading Resurgence

Coinbase's 2025 second-quarter earnings report revealed a notable shift in trading revenue, with XRP surpassing ethereum in contribution. Despite a two-year delisting due to Ripple's legal battle with the SEC, XRP accounted for 13% of Q2 revenue and 16% of H1 earnings, edging out Ethereum's 12% and 11%, respectively. Bitcoin remained dominant at 34% for the quarter.

The resurgence follows XRP's relisting in 2024 after a favorable court ruling, propelling it past USDT as the third-largest cryptocurrency by market cap. Coinbase CEO Brian Armstrong framed the results as part of a broader ambition to evolve into an 'everything exchange,' integrating DEXs, derivatives, and tokenized assets.

Tether Surpasses South Korea as Major U.S. Treasury Bond Holder

Tether, the issuer of the USDT stablecoin, has eclipsed South Korea in holdings of U.S. Treasury bonds, cementing its position among the world's largest sovereign and institutional debt holders. With $127 billion in direct and indirect exposure to U.S. government debt, the firm now ranks as the 18th-largest holder globally—ahead of Germany and the United Arab Emirates.

The stablecoin giant reported a net profit of $4.9 billion in Q2 2025 alone, fueled by aggressive expansion of its Treasury portfolio. Its $105.5 billion in direct holdings and $21.3 billion in indirect exposure mark an $8 billion quarterly increase, reflecting growing institutional demand for dollar-backed crypto assets.

Paolo Ardoino's leadership has propelled Tether into rarified financial territory—the only corporate entity alongside nation-states in the upper echelons of Treasury ownership. This milestone underscores crypto's accelerating convergence with traditional finance.

CoinDCX Employee Unwittingly Enables $44M Crypto Hack

A CoinDCX employee fell victim to a sophisticated phishing scam, leading to a $44 million theft from the exchange's internal wallet. Bengaluru police have arrested Rahul Agarwal, a three-year veteran at the platform, who was allegedly tricked through a fake part-time job offer.

The breach occurred on July 19 when attackers gained access to CoinDCX's liquidity provisioning systems through Agarwal's compromised company laptop. The hackers drained significant amounts of Solana (SOL) and Tether (USDT) via the Jupiter aggregator on the Solana network.

Investigators reveal the scheme began with simple online tasks like writing reviews for payment. The attackers gradually escalated their demands, ultimately convincing Agarwal to use his corporate device—a critical misstep that exposed the exchange's internal infrastructure.

Spartans Casino Disrupts Gaming Sector with Lamborghini Prize Amid Crypto Integration

Spartans casino is redefining player incentives by offering a Lamborghini as a core reward—not a temporary promotion—while competitors like PokerStars and Hard Rock Bet rely on conventional bonuses. The platform's 5,963-game portfolio, spanning slots, live dealer tables, and crash games, generates entries for the supercar draw with every wager. Crypto-native functionality supports deposits and instant withdrawals in six major digital assets.

The Lamborghini promotion exemplifies Spartans' shift toward tangible rewards over ephemeral credits. Unlike tiered VIP systems, eligibility scales with gameplay volume across all user tiers. Live game-show productions and 4K roulette tables complement the crypto payments infrastructure, which includes Bitcoin, Ethereum, and Cardano settlements.

Tether Posts Record $5.7 Billion Profit in Six Months, Cementing Stablecoin Dominance

Tether's financial supremacy in the crypto space reached new heights with $5.7 billion in profits over six months, including a staggering $4.9 billion in Q2 2025 alone. The USDT issuer now holds $127 billion in US Treasury bonds—surpassing South Korea's reserves—while maintaining 61.7% market share of the stablecoin sector.

Behind the numbers lies aggressive reserve management and strategic investments like Rumble Wallet and XXI Capital. Tether Gold's simultaneous growth suggests the company is building a multi-pronged financial infrastructure that rivals traditional institutions.

Market dominance comes with scrutiny. As the largest private holder of US debt, Tether's opaque operations face increasing regulatory attention despite its profitability. The stablecoin giant continues to shape crypto liquidity while accumulating assets that position it as a shadow banking powerhouse.