{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-025172","form_type":"8-K","ticker":"SDEV","cik":"0001389545","company_name":"Stablecoin Development Corp","filed_at":"2026-07-31T12:44:43+00:00","discovered_at":"2026-07-31T12:50:00.314271+00:00","generated_at":"2026-07-31T12:50:23.034508+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"SDEV reports Q2 staking revenue $2.2M, operating loss $53.8M on $50.6M unrealized loss; SKY holdings 2.29B tokens","bullets":["Staking revenue of $2.2M in Q2 2026, $4.7M in H1 2026; earned 31.7M SKY in staking rewards during the quarter.","Operating loss of $53.8M driven by $50.6M non-cash unrealized loss on SKY tokens; no tokens were sold.","Held 2.29B SKY tokens (~10% of total supply) as of June 30, 2026; fair value $119.2M, cost basis $147.2M.","Eliminated all outstanding October 2025 Pre-Funded Warrants via cashless exercise, simplifying capital structure.","Relocated headquarters to West Palm Beach, FL, terminating California lease to reduce occupancy costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-025172","json":"https://secwatch.observer/filing/0001437749-26-025172.json","markdown":"https://secwatch.observer/filing/0001437749-26-025172.md","text":"https://secwatch.observer/filing/0001437749-26-025172.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1389545/000143774926025172/0001437749-26-025172-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1389545/000143774926025172/nby20260729_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-31T12:50:23.034508+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}