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Crypto

Zerostack warns of uncertainty over going concern for next year amid $82.5 million loss

Zerostack, a Nasdaq-listed company running a digital asset treasury business, warned there is material uncertainty about its ability to continue as a going concern over the next year. Cointelegraph reported the company disclosed the warning in a quarterly 10-Q filing with the U.S. Securities and Exchange Commission, reversing an assessment made three months earlier. Zerostack reported $2.6 million in cash and a $0.6 million working-capital deficit as of June 30.

Crypto

DeFi TVL down 38%, Layer 1 market cap down 42%; Layer 2 activity down 77%

The cryptocurrency market shrank across on-chain activity in the first half rather than seeing funds rotate into specific areas, Binance Research said. Global DeFi total value locked fell 38% to $43.4 billion and the combined market capitalisation of six major Layer 1 networks dropped 42% to $246.5 billion. General-purpose Layer 2 activity fell about 77%, while losses from 207 security incidents reached $972 million.

Telecommunications & Media

Apple eyes major autumn product push with first foldable iPhone, touch MacBook - report

Apple may unveil a raft of long-delayed products this fall, an IT outlet reported. The lineup under discussion includes a first foldable iPhone known as iPhone Ultra, a new Apple TV 4K, a touchscreen MacBook branded MacBook Ultra or MacBook Pro, HomePod mini 2 and a display-equipped smart home hub called HomePad. The report said timing has been influenced by the Siri AI development schedule, while several products could still face delays.