On August 12th, Hut 8 Mining, which is listed on Bitcoin, produced 116 bitcoins from mining in July, and the current total holding of bitcoins has reached 9152. In addition, Hut 8 sold 50 bitcoins in June and July, earning a total of $3.9 million in revenue.

Several publicly traded companies in the crypto industry have reported increased revenue and profits in their quarterly earnings reports, thanks to the rise in crypto prices and a decline in bearish momentum. MicroStrategy, which holds 152,800 Bitcoin, reported $22.2 million in net income for Q2 2023, compared to a net loss of $1.1 billion in the same period last year. Block reported a 34% YoY increase in Bitcoin revenue, with $2.4 billion in sales and a gross profit of $44 million. Coinbase beat early estimates to post $663 million in net revenue, with non-trading revenue surpassing trading revenue for the first time. CoinShares saw a 33% YoY surge in revenue and reported profits of $5.3 million. Robinhood became profitable for the first time since going public, reporting a net income of $25 million.

MicroStrategy has reported an impairment charge of $24.1 million on its bitcoin holdings in the second quarter, reflecting the decline in the price of bitcoin compared to its acquisition cost. The company's digital asset impairment is required under accounting rules and does not account for any increase in value unless assets are sold. Despite this charge, MicroStrategy's bitcoin holdings have increased to 152,800 bitcoins worth approximately $4.5 billion. The company also reported revenue of $120.4 million, falling short of analyst estimates.

CoinShares, a European manager of cryptocurrency exchange-traded products (ETPs), saw a 33% increase in Q2 2023 revenue compared to the same quarter last year, reaching £20.3 million ($25.9 million). The firm's asset management fees decreased by 25% to £10.6 million ($13.52 million), but this was offset by a £10 million ($12.76 million) gain in capital markets operations. CoinShares' profits for the quarter were £5.3 million ($6.76 million), compared to a loss of £0.6 million ($0.77 million) in Q2 2022. The company also implemented a tool called "Ledger Lens" to allow investors to verify the backing of its ETPs in real-time.

Sun Yuchen tweeted that Huobi’s actual revenue in the second quarter of 2023 will be US$193 million, expenses will be US$108 million, and quarterly profit will be 85 million, an increase of 183% from the previous quarter. In addition, Justin Sun also forecast third-quarter revenue of $200 million, expenses of $100 million, and a profit of $100 million.

On July 31, 2023, Ethereum experienced some of its largest Miner Extractable Value (MEV) reward blocks in history, according to blockchain researcher Eric Conner. MEV refers to the amount of value that miners can extract from a blockchain by reordering transactions and manipulating the order in which they are processed.

Bitcoin miners are experiencing a decrease in revenue due to a decline in demand for block space. Glassnode's block size chart shows a surge in size in February, but this was short-lived and followed by a decline. The introduction of inscriptions through Bitcoin Ordinals initially increased block size and fees, but a subsequent reduction in inscription volume has led to a more subdued state for block space and miner earnings. 

Meta plans to profit from the resale of Llama2 AI large language models from major cloud computing companies. Llama2 is open, but in addition to making the technology open source, Meta CEO Mark Zuckerberg said on a quarterly earnings call that Meta included a clause that the largest cloud computing companies would not receive free licenses to use it. Instead, a commercial agreement must be reached with Meta. "Companies like Microsoft, Amazon or Google basically resell services, and I think we should get some revenue from that," Zuckerberg said.

According to the Golden Ten report, Alphabet, Google's parent company, announced today its second-quarter financial report for 2023, with revenue of US$74.6 billion, a year-on-year increase of 7%, marking Google's second consecutive quarter of accelerated growth. Analysts say online advertisers have boosted spending in recent months, a relief for tech companies that rely on revenue to fund research on artificial intelligence and other remote projects. Continued economic uncertainty and concerns about competition from products such as ChatGPT, developed by OpenAI, have weighed heavily on Google. In May, the company gave investors some relief by announcing a slew of artificial intelligence products, including a new version of its search engine, at its annual developer conference. Google's cloud computing unit, a central part of its AI strategy, posted $8 billion in revenue, up 28% year-over-year. Advertising revenue was $58 billion, up about 3% from a year earlier. The company reported ad sales declines for the past two consecutive quarters, a rare decline for one of the tech industry's most stable businesses.

Polkadot's revenue and active addresses have decreased in the past week, but the blockchain's value has continued to increase. Market indicators suggest that DOT's price may drop further, as it has already declined by over 7% in the last week.