Category: crypto

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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…

Nakamoto revenue jumps, but Q1 loss hits $238.8M

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in crypto

Nakamoto reported $2.7 million in Q1 revenue after acquiring BTC Inc. and UTXO Management. The company faced a $238.8 million loss due to Bitcoin price marks and option accounting. Revenue came from Bitcoin activities, media, asset management, and healthcare. Nakamoto is focusing on Bitcoin operations and expanding revenue streams.

New York court pauses decision on Aave’s $71M ETH recovery request

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in crypto

A New York judge delayed a ruling on Aave’s request to release $71 million in frozen Ethereum linked to the Kelp DAO exploit. Both sides must submit additional legal arguments before a June hearing. The dispute involves ETH frozen by Arbitrum after an exploit, with questions raised about ownership and creditor claims.

Forward Industries nears $1B Solana paper loss after Q1 hit

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in crypto

Forward Industries, the largest Solana treasury company, reported a $585.6 million loss for the quarter ended Dec. 31, 2025. The loss was driven by digital asset marks. Despite this, revenue increased significantly. The company holds almost 7 million SOL, mostly staked for a 6.73% gross APY. The Solana treasury model faces a market test.

Crypto industry watches closely as Trump weighs 250 pardons

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in crypto

President Donald Trump is considering announcing a large-scale pardon, possibly up to 250 people, during Independence Day celebrations. Among those seeking clemency are jailed cryptocurrency executives and developers, including Sam Bankman-Fried and Keonne Rodriguez. Several crypto figures have already received pardons during Trump’s second term, sparking renewed attention.

Prediction markets get CFTC relief as legal battles widen

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in crypto

CFTC staff granted no-action relief for fully collateralized event contracts, easing swap data reporting duties for contracts listed on regulated exchanges. The relief covers DCMs, DCOs, and market participants, with a streamlined approval process for future applicants. This move comes amid legal battles between prediction market platforms and state gambling regulators.

Myriad integrates Chainlink to automate prediction market payouts

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in crypto

Myriad, a prediction market platform, has integrated Chainlink infrastructure to automate and settle crypto prediction markets quickly. The integration includes BTC, ETH, BNB, and SOL markets, with plans to expand to equity and commodities markets. This move comes after DTCC also adopted Chainlink technology for its tokenized collateral management platform.

Crypto policy ranks low among U.S. voters ahead of CLARITY Act vote

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in crypto

A survey found that only 4% of Americans would consider a political candidate’s stance on crypto policy when voting in the 2026 midterms. Issues like affordable housing, fraud protection, and lower bank fees were prioritized over crypto regulation. Despite this, crypto industry groups continue to spend millions influencing elections.

Moody’s says banks are preparing for large-scale tokenized finance adoption

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in crypto

Major U.S. banks are preparing for tokenized asset adoption to begin gradually before accelerating rapidly. The tokenized real-world asset market has grown by over 420% since 2025. Moody’s warns that rapid growth could pressure payment processors and smaller banks. Banks are testing tokenized finance infrastructure while waiting for demand to mature further.

Bitget Wallet taps former Uber executive Jack Zhai for Americas expansion

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