Category: crypto
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Trump family bought Coinbase and Strategy shares amid crypto losses
During the first quarter of 2026, Donald Trump and his family increased their investments in crypto-related stocks, including Coinbase, MARA Holdings, and Strategy. Trump-linked ventures experienced significant losses due to falling digital asset prices. Trump Media & Technology Group reported a net loss of $405.9 million, while American Bitcoin posted an $81.8 million loss. Despite…
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Signal warns Canada exit may follow lawful access bill
Signal has warned that it may leave Canada if the proposed lawful access bill forces the company to weaken its privacy tools, specifically its end-to-end encryption promises to users. Other companies like Meta, Apple, and Windscribe have also raised concerns about the bill publicly. The bill is currently under review by Parliament.
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Nigel Farage faces scrutiny over £1.4M property linked to crypto donor
Nigel Farage faces scrutiny in the UK over a £1.4 million property purchase linked to a multimillion-pound payment from crypto investor Christopher Harborne. Farage denies any breach of rules, stating the payment was made before he entered parliament. Concerns over political ties to the crypto sector continue to grow.
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Celsius executive Roni Cohen Pavon avoids prison after cooperation deal
Roni Cohen-Pavon, a former executive at Celsius, has been sentenced to time served by a U.S. federal judge for his involvement in the crypto lender’s collapse and manipulation of its CEL token. He cooperated with prosecutors, leading to a reduced sentence. Former CEO Alex Mashinsky remains in prison under a 12-year sentence.
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Strategy’s STRC hits $1.53B volume amid fresh Bitcoin treasury push
Strategy’s STRC preferred stock reached a daily trading volume of $1.53 billion, allowing the company to potentially acquire 9,066 Bitcoin. The company has been accelerating its Bitcoin accumulation since March, utilizing structured equity products for financing. Other corporate Bitcoin treasury firms are also exploring similar financing structures to support their Bitcoin acquisitions.
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Australia’s CGT plan threatens crypto holders’ tax edge
Australia is considering a capital gains tax reform that would eliminate the current 50% discount for assets held for more than a year, replacing it with an inflation-indexed model by 2027. This change could lead to increased tax bills for crypto investors, particularly lower earners, and may reduce the incentive for long-term holding of assets.…
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Bit Digital posts $146.7m loss as company cuts bitcoin mining exposure
Bit Digital reported lower revenue and a $146.7 million net loss in Q1, focusing on Ethereum staking and treasury operations instead of bitcoin mining. Revenue from ETH staking, cloud services, and crypto mining declined. The company holds over 154,000 ETH and plans to continue capital deployment in Ethereum operations.
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BitGo wins Moon deal to scale Bitcoin card products in Asia
BitGo partners with Moon Inc. to support Bitcoin-powered card products in Asia. Moon selected BitGo Singapore to facilitate prepaid Bitcoin gift cards in Hong Kong stores and Moon’s online shop. The deal leverages BitGo’s regulated infrastructure and supports Moon’s expansion into other Asian markets. BitGo reported Q1 revenue growth prior to the partnership.
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DeFi Development reports 108% SOL growth despite Q1 loss
DeFi Development Corp. reported a 108% increase in its fully converted SOL per share to 0.0670 on May 13. The company posted an $83.4 million loss in Q1 due to lower SOL prices. It remains focused on building a Solana treasury model and reaffirmed its future targets. Validator operations and partnerships are key to its…
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BitGo revenue doubles to $3.8B, but Q1 loss deepens
BitGo Holdings reported $3.77 billion in first-quarter revenue, a 112.6% increase from the previous year. The company’s net loss widened to $60.7 million due to Bitcoin treasury marks and IPO compensation. BitGo entered public markets, with digital asset sales being the main revenue driver. Stablecoin and custody demand grew, leading to new revenue streams from…