According to BlockBeats, on August 3, American Bitcoin, a US-listed Bitcoin mining company, released its second-quarter financial report. Driven by increased mining output, the company's quarterly output reached a record high, revenue increased, and net loss narrowed compared to the previous quarter.

Data shows that American Bitcoin mined 932 bitcoins in the second quarter, driving mining revenue up 8% year-over-year to $67 million, up from $62.1 million in the first quarter. The company's net loss was $57.2 million, a significant decrease from $81.8 million in the first quarter.

American Bitcoin was co-founded by Eric Trump and Donald Trump Jr., and is associated with the Trump family. Currently, it is majority-owned by Bitcoin mining company Hut 8.

As of June 30, the company held approximately 8,002 BTC and had pledged approximately 3,090 BTC as part of an agreement with Bitmain to purchase mining equipment. According to Bitcoin Treasuries data, American Bitcoin was ranked 16th globally among Bitcoin reserve companies at that time.

Previously, American Bitcoin completed a 1-for-15 reverse stock split in July to maintain its listing status after its share price fell below the Nasdaq minimum bid requirement. The company's stock closed down 6.4% at $5.52 on Friday, before rising slightly in pre-market trading after the earnings report was released.

According to BlockBeats, on August 3, crypto custody company BitGo announced the launch of its new platform, BitGo Link, which allows institutional clients to connect their centralized exchange accounts, such as Coinbase, Kraken, and Crypto.com, to the BitGo system for unified management of digital assets.

BitGo stated that Link aims to provide institutional treasury teams with a single interface to view and manage assets held on the BitGo custody platform and external exchanges in real time, and to support users in initiating asset transfers directly for cross-platform portfolio adjustments, meeting margin requirements, or capturing market opportunities.

The platform processes all transfer requests through the BitGo Policy Engine, allowing institutional users to set additional access controls and restrict how funds are used. Link also automatically reconciles transaction records and tracks asset settlement status.

BitGo CEO Mike Belshe stated that Link will become the "control center" for institutional trading and fund management, helping institutions achieve more efficient asset allocation across different markets and platforms.

BitGo stated that Link is built on its existing Go Network and will continue to add support for more exchanges and expand institutional treasury management capabilities in the future.

Founded in 2013, BitGo is one of the largest cryptocurrency custodians in the United States, currently managing over $100 billion in assets. The company aims to go public in 2026 and has previously received conditional approval for a U.S. trust banking license. In June, BitGo announced layoffs of approximately 15% of its workforce due to a widening net loss in the first quarter.

According to BlockBeats, on August 3, after US President Trump announced the cancellation of the planned military strike against Iran and stated that negotiations between the two sides would resume on Monday, US stock futures rose on Monday, market risk appetite rebounded, and international oil prices fell sharply.

As of pre-market trading, Dow Jones Industrial Average futures were up about 535 points, or 1%; S&P 500 futures were up 0.6%; and Nasdaq 100 futures were up 0.2%.

In the energy market, expectations of easing tensions in the Middle East pushed oil prices down rapidly. Brent crude fell 5.2% to $83.39 a barrel, while WTI crude futures fell 6.2% to $79.45 a barrel.

U.S. Treasury yields fell in tandem, with the 10-year Treasury yield dropping 6 basis points to 4.68%. Investors believe that easing tensions could reduce inflationary pressures from rising energy prices.

However, market analysts cautioned investors to remain vigilant. Adam Crisafulli, founder of Vital Knowledge, stated that similar diplomatic shifts have occurred before, and the ultimate resolution of the conflict remains uncertain.

This week, the market will focus on US employment data, with the July non-farm payrolls report to be released on Friday. FactSet expects the US to add approximately 87,500 non-farm jobs in July, up from 57,000 in June, and the unemployment rate is expected to rise from 4.2% to 4.3%.