Antalpha releases Q2 financial report: net loss of 12.5 million USD, revenue down 28% year-on-year

Cryptocurrency financial platform Antalpha announced its second-quarter financial report, with a net loss of $12.5 million and revenue declining by 28% year-on-year to $12.2 million.

The company stated that its performance was impacted by fair value losses on tokenized gold holdings. Antalpha primarily provides cryptocurrency asset-related financing and liquidity services to institutional clients.