American Bitcoin, the Trump family-linked Bitcoin miner, reported record Q2 production of 932 BTC, with mining revenue up 8% to $67 million. The company posted a net loss of $57.2 million, improving from $81.8 million in Q1, and completed a 1-for-15 reverse stock split to maintain its Nasdaq listing. Tether generated $1.5 billion in net operating profit in Q2, driven by interest on its US Treasury holdings, with a reserve buffer of $4.11 billion as of June 30. USDT circulating supply reached $184.6 billion, representing over 60% of a stablecoin market valued at roughly $307 billion.
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