Sky releases its Q3 2026 financial report: net income of $37.19 million, marking six consecutive quarters of positive results.
39 minutes ago
Sky Frontier Foundation has released the Q3 2026 report for its Sky ecosystem. The protocol’s total revenue reached $99.29 million, up 14.2% year-over-year but down 7.4% quarter-over-quarter. Total expenses fell to $62.1 million, while net income rose to $37.19 million, a 11.8% quarter-over-quarter increase. The net profit margin climbed from 31.0% to 37.5%, marking the sixth consecutive quarter of positive net income. The protocol’s end-of-period collateral stood at $11.41 billion, up 25.3% year-over-year. During the same period, $28.47 million was allocated to the Sky Reserve, bringing the reserve’s end-of-period balance to $85.08 million. sUSDS supply hit $4.52 billion, surging 118% year-over-year but down from Q2’s $5.52 billion. Institutional player Galaxy added $100 million in sUSDS to its balance sheet and approved it as collateral for institutional loans. In Q3, the protocol spent $5.6 million on open market repurchases to buy 87.5 million SKY tokens, completing its first-ever SKY burn.
Google’s stock dropped 13.7%, logging its largest single-day percentage decline in history, with Warren Buffett’s estimated unrealized loss standing at roughly $3.2 billion.
7 minutes ago
Walmart, Eli Lilly and others oppose OKXICE's tokenized stock plan, bringing the total number of opposing companies to 38.
7 minutes ago
PhotonPay announces completion of $40 million Series C funding round, led by Blockchain Capital.
7 minutes ago
In early pre-market trading on US equities, semiconductor, storage, and crypto-related stocks all fell broadly, while the optical communication sector showed mixed performance, with Marvell dropping over 12%.
7 minutes ago
Bitcoin ETFs see $134.91M inflow, Ethereum ETFs suffer $235.17M weekly outflow
7 minutes ago
The three major U.S. stock indexes opened lower across the board, with Google falling more than 11% and erasing over $400 billion in market capitalization.
7 minutes ago
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