BitGo Revenue Hits $3.8 Billion in Q1 2026 Despite Widening Net Loss After NYSE Debut
TLDR: BitGo’s total Q1 2026 revenue reached $3.8B, rising 112.6% year-over-year driven by digital asset sales activity. Net loss widened to $60.7M in Q1 2026, largely due to non-cash Bitcoin treasury adjustments and IPO-related stock compensation. Client count grew 42% year-over-year to 5,569, reflecting continued institutional demand across BitGo’s platform. Stablecoin-as-a-Service revenue jumped 43.6% sequentially [...] The post BitGo Revenue Hits $3.8 Billion in Q1 2026 Despite Widening Net Loss After NYSE Debut appeared first on Blockonomi.
Binance to Remove 20 Cryptos in Massive Platform Cleanup, Here's the List
Binance launches fresh token delisting as 20 cryptocurrencies face removal from platform.
Akamai (AKAM) Stock Surges to Highest Level Since 2000 Following Bank of America Upgrade
Akamai (AKAM) stock soared 7.7% to a 26-year high after BofA upgraded it to Buy with a $175 target, fueled by an $1.8B AI deal with a frontier model provider. The post Akamai (AKAM) Stock Surges to Highest Level Since 2000 Following Bank of America Upgrade appeared first on Blockonomi.
Bitget Wallet taps former Uber executive Jack Zhai for Americas expansion
Bitget Wallet has appointed former Uber executive Jack Zhai as Head of the Americas as the company pushes to expand its self-custodial wallet business across the region. According to a statement shared with crypto.news, Zhai will oversee regional partnerships, user…
Intel (INTC) Stock: Chipmaker Returns to F1 Racing with McLaren Partnership
Intel (INTC) returns to Formula One through multi-year McLaren partnership, providing processors for F1, IndyCar, and esports racing operations. The post Intel (INTC) Stock: Chipmaker Returns to F1 Racing with McLaren Partnership appeared first on Blockonomi.
Ripple’s XRP open interest nears $475M: Will leverage spark volatility?
XRP trades near $1.43 as Binance open interest tops $475M, ETF inflows cool and record 10K+ wallets put $1.50 resistance in focus this week.
SpaceX IPO anticipation grows with June 2026 target amid market interest
SpaceX's IPO could reshape market dynamics, attracting substantial investor interest despite geopolitical tensions and economic challenges. The post SpaceX IPO anticipation grows with June 2026 target amid market interest appeared first on Crypto Briefing.
Foxconn Surpasses Q1 Earnings Expectations as AI Server Business Fuels Growth
Foxconn exceeds Q1 profit forecasts with T$49.92B earnings, up 19% YoY, fueled by AI server demand and strong iPhone assembly revenue performance. The post Foxconn Surpasses Q1 Earnings Expectations as AI Server Business Fuels Growth appeared first on Blockonomi.
Nokia (NOK) Stock Soars 12% Following AI Network Launch and Cisco’s Strong Earnings
Nokia (NOK) stock surged 12% after unveiling AI network tools and benefited from Cisco's stellar earnings, pushing shares to multi-year highs. The post Nokia (NOK) Stock Soars 12% Following AI Network Launch and Cisco’s Strong Earnings appeared first on Blockonomi.
Cardano Whales Keep Buying as ADA Crashes 71% in 9 Months
ADA millionaires now hold over 25 billion tokens for the first time ever, according to Santiment's latest findings.
SoftBank’s OpenAI-related debt in focus as strong quarter looms
SoftBank's heavy reliance on illiquid AI investments could strain its financial stability, highlighting risks of concentrated capital strategies. The post SoftBank’s OpenAI-related debt in focus as strong quarter looms appeared first on Crypto Briefing.
Citigroup boosts Bitcoin exposure with $41.2M in Strategy shares
Citigroup's strategy highlights growing institutional interest in crypto, signaling potential shifts in financial markets and investment approaches. The post Citigroup boosts Bitcoin exposure with $41.2M in Strategy shares appeared first on Crypto Briefing.
IonQ (IONQ) Stock Dips Despite 755% Revenue Surge and Major Expansion News
IonQ stock fell 1% despite 755% revenue growth, new Colorado quantum lab, and SkyWater deal approval. Q1 earnings miss weighs on shares. Analysis inside. The post IonQ (IONQ) Stock Dips Despite 755% Revenue Surge and Major Expansion News appeared first on Blockonomi.
Trump, Xi agree to keep Strait of Hormuz open amid US-Iran tensions
The Trump-Xi agreement highlights the strategic importance of international cooperation in maintaining global energy security and trade stability. The post Trump, Xi agree to keep Strait of Hormuz open amid US-Iran tensions appeared first on Crypto Briefing.
Gurhan Kiziloz Locked Out of $213M as Tether Freezes Funds in Alleged Gambling Tax & ICO Crackdown
A single coordinated action has put $213 million of Gurhan Kiziloz’s USDT holdings beyond his reach. Tether Operations Ltd. has frozen the funds across 48 digital wallets tied to the iGaming founder, executing the freeze in support of Brazilian authorities pursuing an alleged gambling tax dispute and a parallel line of inquiry into initial coin [...] The post Gurhan Kiziloz Locked Out of $213M as Tether Freezes Funds in Alleged Gambling Tax & ICO Crackdown appeared first on Blockonomi.
SK Hynix (HXSCL) Stock Approaches Trillion-Dollar Valuation Amid AI Boom
SK Hynix (HXSCL) approaches $1 trillion valuation with 200%+ stock gains in 2025, driven by AI chip demand and record 72% operating margins. The post SK Hynix (HXSCL) Stock Approaches Trillion-Dollar Valuation Amid AI Boom appeared first on Blockonomi.
Iran restores missile capabilities, raising US military escalation risks
Iran's missile restoration heightens geopolitical tensions, potentially altering U.S. military strategies and impacting global oil security. The post Iran restores missile capabilities, raising US military escalation risks appeared first on Crypto Briefing.
Advanced Micro Devices (AMD) Stock Climbs 280% as Top Analyst Predicts $625 Target
AMD stock rallies 280% over 12 months to $445. Top analyst sets $625 target citing AI demand and record data center revenue. Institutional buying accelerates. The post Advanced Micro Devices (AMD) Stock Climbs 280% as Top Analyst Predicts $625 Target appeared first on Blockonomi.
Cisco (CSCO) Stock Rockets 16% on Stellar Q3 Results and Upgraded AI Revenue Forecast
Cisco (CSCO) stock surged 16% after beating Q3 earnings, securing $5.3B in AI orders, and issuing strong Q4 guidance above Wall Street forecasts. The post Cisco (CSCO) Stock Rockets 16% on Stellar Q3 Results and Upgraded AI Revenue Forecast appeared first on Blockonomi.
Brokerage Giant Charles Schwab Rolls Out Spot Crypto Trading To Retail Investors
Brokerage and banking firm Charles Schwab officially began rolling out its crypto trading platform to retail clients in the US, joining the list of traditional financial institutions expanding their digital asset offering. Related Reading: Poland’s PiS Proposes Total Crypto Ban As Lawmakers Review Digital Asset Bills Schwab Launches Spot Trading For BTC, ETH On Tuesday, […]
DTCC builds blockchain-based collateral system with Chainlink integration
DTCC's blockchain initiative could revolutionize global finance by enabling seamless, real-time collateral management across markets. The post DTCC builds blockchain-based collateral system with Chainlink integration appeared first on Crypto Briefing.
Cloudflare (NET) Shares Dip 3% as Workforce Cuts Follow Record Q1 Results
Cloudflare (NET) fell 3.3% after revealing plans to cut 1,100 jobs despite beating Q1 estimates with $639.8M revenue. Full analysis inside. The post Cloudflare (NET) Shares Dip 3% as Workforce Cuts Follow Record Q1 Results appeared first on Blockonomi.
'Stay Safe XRP Fam': Ripple CTO Emeritus Issues Urgent Scam Alert Warning XRPL Users
Fake XRP giveaways, wallet-draining airdrops and AI deepfakes are surging as Ripple CTO Emeritus David Schwartz warns XRPL users about a new wave of crypto scams.
Tether Hits Gurhan Kiziloz With $213 Million Freeze in Brazil Tax Dispute Over Alleged Gambling and Crypto Tokens Sale
Intense legal dispute talks are actively underway between representatives for Gurhan Kiziloz and the Brazilian government following an unprecedented digital asset freeze. Tether, the issuer of the industry’s leading stablecoin, recently locked $213 million spread across 48 distinct USDT accounts linked to Kiziloz amid a highly complex and escalating retrospective tax conflict in Latin America. [...] The post Tether Hits Gurhan Kiziloz With $213 Million Freeze in Brazil Tax Dispute Over Alleged Gambling and Crypto Tokens Sale appeared first on Blockonomi.
Ethereum bulls face $2,400 wall: Is profit-taking warning of a pullback?
Ethereum realized profits hit $74.58M as ETH trades near $2,267, with $2,270, $2,400 and $2,200 shaping the next move for market traders.
BNB Pulls Further Ahead of XRP as Bitcoin Falls Below $80K: Market Watch
The gap between BNB and XRP is almost $2 billion now after the latter's latest rejection.
Britain's Stablecoin Pivot Looks Like Concession, but It's Really About Financial Positioning
The Bank of England has softened key parts of its proposed stablecoin regime, allowing issuers greater flexibility in reserve management.
Alphabet (GOOGL) Stock Reaches Record Peak — Can the Rally Continue?
Alphabet (GOOGL) reached a record $402.01, gaining 152% in 12 months on AI strength. Analysts project $426 target with new Gemini products launching. The post Alphabet (GOOGL) Stock Reaches Record Peak — Can the Rally Continue? appeared first on Blockonomi.
Here’s why the crypto market is going down today (May 14)
The crypto market moved lower on Thursday as hotter-than-expected U.S. inflation data, heavy Bitcoin ETF outflows, and rising macroeconomic uncertainty pressured investor sentiment. The total crypto market capitalization dropped roughly 1.6% over the past 24 hours to around $2.58 trillion.…
Moody’s says banks are preparing for large-scale tokenized finance adoption
Major U.S. banks and financial institutions have increasingly prepared for a future in which tokenized assets become part of mainstream finance, even as industry participants expect adoption to begin gradually before accelerating rapidly at a later stage. According to a…
Ship seized off UAE coast, heading toward Iran amid regional tensions
Increased maritime risk in the Strait of Hormuz could disrupt regional trade and heighten geopolitical tensions, impacting global markets. The post Ship seized off UAE coast, heading toward Iran amid regional tensions appeared first on Crypto Briefing.
Alibaba (BABA) Stock Surges 8% on Cloud Dominance and AI Revenue Expansion
Alibaba (BABA) stock surged 8% after Q4 earnings, driven by 38% cloud growth, strong AI performance, and renewed U.S.-China trade optimism despite profit miss. The post Alibaba (BABA) Stock Surges 8% on Cloud Dominance and AI Revenue Expansion appeared first on Blockonomi.
Trump meets Xi in Beijing to discuss trade, Taiwan, and tech cooperation
The summit's outcomes could reshape global tech supply chains, impacting crypto mining costs, AI development, and cross-border digital regulations. The post Trump meets Xi in Beijing to discuss trade, Taiwan, and tech cooperation appeared first on Crypto Briefing.
Israel strikes Hezbollah in southern Lebanon amid ongoing conflict
The ongoing Israeli military actions in Lebanon suggest prolonged regional instability and decreased likelihood of a near-term resolution. The post Israel strikes Hezbollah in southern Lebanon amid ongoing conflict appeared first on Crypto Briefing.
MetaMask Developer Delays IPO Until Autumn
The developer of the non-custodial wallet MetaMask, ConsenSys, has postponed its plans to go public in the US. According to CoinDesk, the listing will not occur before autumn. Initially, Joseph Lubin's company planned to file with the SEC by the end of February, engaging bankers from JPMorgan and Goldman Sachs for the process. The delay is attributed to unfavourable market conditions. In February, the crypto market declined due to macroeconomic uncertainty and outflows from bitcoin ETFs, as investors showed reduced interest in risky assets. ConsenSys is not the only company reconsidering its plans amid volatility: earlier, the trading platform Kraken and wallet manufacturer Ledger also announced a pause in their IPO preparations. Currently, the only major crypto company to go public this year remains BitGo. However, after a successful start, the service's shares fell 46.9% below the offering price. Source: Google Finance. In the first quarter, BitGo's revenue reached $3.8 billion, a 112.6% increase over the same period last year. The growth was driven by digital asset sales and stablecoin issuance services. The company also launched a derivatives trading service, with platform trading volumes reaching approximately $3 billion. Despite revenue growth, the firm's net loss increased to $60.7 million from $25.7 million a year earlier. BitGo attributed the losses to a paper revaluation of bitcoin holdings and employee compensation expenses post-IPO. Cryptocurrency Regulation ConsenSys' Director of Regulatory Affairs, Bill Hughes, urged the US Senate to expedite the passage of the CLARITY Act. He stated that the lack of clear rules forces American crypto businesses offshore. 🚨America Is Handing the Crypto Market to Foreign Competitors. The CLARITY Act Would Change That.🚨The United States is the largest cryptocurrency market on the planet. American users moved over $1 trillion in crypto transactions in the first seven months of 2025 alone. And yet…— Bill Hughes 🦊 (@BillHughesDC) May 8, 2026 Hughes warned that using foreign exchanges poses national security risks: regulators find it harder to combat money laundering and sanctions evasion. The CLARITY Act provides for federal registration of crypto exchanges and brokers. The document requires platforms to comply with AML rules and gives the Treasury tools to monitor transactions. According to Hughes, the law is necessary for major financial institutions. Banks and investment funds are ready to adopt blockchain but await a legal framework. This would help create high-tech jobs and maintain US leadership in the industry. US Senators Jack Reed and Tina Smith have prepared amendments to the CLARITY Act ahead of the final committee vote. News: Sens. Reed (D-R.I.) and Smith (D-Minn.) have filed an amendment ahead of Thursdays markup that will force senators to choose between crypto and the banksThe amendment would incorporate bank’s changes to stablecoin yield restrictions. Tough tough vote for bank-friendly Rs pic.twitter.com/ldxJRmfnQT— Brendan Pedersen (@BrendanPedersen) May 13, 2026 Over 100 comments have been submitted on the project, 40 of which were prepared by Senator Elizabeth Warren. She proposed, among other things, to prohibit the Federal Reserve from opening master accounts for crypto companies. Reed suggested banning the use of digital assets as legal tender, including for tax payments. The American Bankers Association has sent over 8,000 letters to senators. The organization's main complaint is the compromise on stablecoin yields: experts believe the new rules could harm the interests of the traditional financial sector. 🚨NEW: Since last Friday, @ABABankers members have sent more than 8,000 letters to Senate offices urging lawmakers to fix the stablecoin yield compromise, per a source familiar with the effort. It apparently does not include a separate phone call campaign.— Eleanor Terrett (@EleanorTerrett) May 12, 2026 The US Senate Banking Committee will review the updated document on May 14. Back in November 2025, Ripple's President Monica Long denied plans for the fintech company's initial public offering.
Major Wall Street Firm Dumps Bitcoin ETFs
Quantitative trading giant Jane Street has dramatically scaled back its Bitcoin-related exposure in the first quarter of 2026, slashing its holdings in BlackRock’s IBIT ETF by approximately 71%.
ADA bull rally back on? Cardano indicator flips after 73% crash
Cardano trades near $0.265 as Ali sees a buy signal, whales hold 67.47% of ADA supply and bulls defend the key $0.25 support.
BTSE Bhutan Receives In-Principle Approval for Digital Asset Trading and Custody Services License
[PRESS RELEASE – Gelephu, Bhutan, May 14th, 2026] BTSE Bhutan today announced that it has formally received an In-Principle Approval (IPA) from the Gelephu Financial Services Office (GFSO) in Gelephu Mindfulness City (GMC) to obtain a Financial Services License (FSL). Upon the successful fulfillment of final regulatory conditions, the anticipated Financial Services License will permit BTSE Bhutan to […]
Nvidia (NVDA) Stock Surges to Fresh 52-Week Peak as BofA Boosts Price Target to $320
Nvidia (NVDA) stock surged to new 52-week highs after BofA's $320 price target upgrade and CEO Huang's China trip ahead of Q1 earnings on May 20. The post Nvidia (NVDA) Stock Surges to Fresh 52-Week Peak as BofA Boosts Price Target to $320 appeared first on Blockonomi.
Micron (MU) Stock Rebounds From $700 Support as Insider Unloads $1.57M
Micron (MU) stock erased nearly $100B in value before rebounding sharply. A director sold $1.57M in shares days before the volatile session. Full analysis. The post Micron (MU) Stock Rebounds From $700 Support as Insider Unloads $1.57M appeared first on Blockonomi.
Crude Oil Markets Navigate Geopolitical Tensions as Trump and Xi Hold High-Stakes Talks
Oil prices hold above $100 as Trump and Xi meet in Beijing. Iran conflict keeps Hormuz closed, cutting 6M barrels daily while IEA warns of undersupply. The post Crude Oil Markets Navigate Geopolitical Tensions as Trump and Xi Hold High-Stakes Talks appeared first on Blockonomi.
Crypto policy ranks low among U.S. voters ahead of CLARITY Act vote
U.S. voters have placed everyday economic concerns far ahead of crypto regulation, even as lawmakers prepare for a Senate Banking Committee vote on the CLARITY Act this week. According to a survey released Wednesday by Politico and polling firm Public…
Trump-Xi Summit Sparks Rally in Chinese Tech Stocks Amid AI Chip Approval
Chinese tech stocks rose after Trump met Xi in Beijing, with reports of approved Nvidia H200 chip sales to Alibaba, Tencent, and ByteDance. The post Trump-Xi Summit Sparks Rally in Chinese Tech Stocks Amid AI Chip Approval appeared first on Blockonomi.
NY judge pushes back hearing for Aave’s bid to unfreeze $71M in ETH
A New York judge has ordered supplemental briefings because Aave did not adequately outline how compounding losses could occur if the restraining notice remains in place.
Trump’s White House weighs 250 pardons to celebrate America's 250th birthday
One of the developers behind the crypto-mixing protocol Samourai Wallet has publicly expressed hopes for a pardon, along with FTX founder Sam Bankman-Fried.
US in talks to establish three military bases in Greenland, with rare earth minerals in the crosshairs
The US's potential military expansion in Greenland could reshape geopolitical dynamics and influence global rare earth supply chains. The post US in talks to establish three military bases in Greenland, with rare earth minerals in the crosshairs appeared first on Crypto Briefing.
Trump meets Xi in Beijing as Taiwan language and trade terms hang in the balance
The summit's outcomes could reshape geopolitical alliances, impacting Taiwan's security, trade dynamics, and crypto market compliance in Asia. The post Trump meets Xi in Beijing as Taiwan language and trade terms hang in the balance appeared first on Crypto Briefing.
Taiwan Semiconductor (TSM) Stock Rallies on Massive $1.5T Chip Market Projection
TSMC (TSM) stock rises as the chipmaker boosts its 2030 market outlook to $1.5T, driven by AI demand and aggressive global expansion plans. The post Taiwan Semiconductor (TSM) Stock Rallies on Massive $1.5T Chip Market Projection appeared first on Blockonomi.
Myriad integrates Chainlink to automate prediction market payouts
Prediction market platform Myriad has adopted Chainlink infrastructure to automate and settle crypto prediction markets with near real-time payouts, starting with BTC, ETH, BNB, and SOL markets. According to Myriad, the integration brings Chainlink Data Streams and the Chainlink Runtime…
Upbit delisting puts fresh pressure on NKN token
Upbit will delist NKN/BTC on June 15 and set a July 16 withdrawal deadline, while NKN trades near $0.0075 with a $6M market cap today.
Bhutan Transfers $8 Million In Bitcoin Amid Ongoing Bitcoin Liquidation
Bhutan could walk away with roughly $767 million in total profit if it sells its remaining Bitcoin near current prices — a striking figure for a Himalayan nation of 750,000 people that quietly built one of the world’s largest sovereign crypto reserves through hydropower mining. Related Reading: US Charges Trio In Brutal Crypto Wrench Attack […]
Cboe reports retail traders aggressively buying calls on Mag 10 stocks amid AI rally
Retail traders' aggressive call buying on Mag 10 stocks could amplify market volatility and signal heightened speculative behavior in tech sectors. The post Cboe reports retail traders aggressively buying calls on Mag 10 stocks amid AI rally appeared first on Crypto Briefing.
Prediction markets get CFTC relief as legal battles widen
CFTC grants no-action relief on event contract reporting, easing swap data duties for DCMs, DCOs and participants amid growing legal fights.
Top Privacy Cryptocurrencies for 2026: Analyzing Monero, Zcash, and Dash
Explore the top privacy coins of 2026: Monero, Zcash, and Dash. Learn how each works, their investment potential, and the regulatory challenges they face. The post Top Privacy Cryptocurrencies for 2026: Analyzing Monero, Zcash, and Dash appeared first on Blockonomi.
Crypto industry watches closely as Trump weighs 250 pardons
U.S. President Donald Trump’s reported plans for a large-scale pardon announcement have renewed attention on jailed cryptocurrency executives and software developers who have spent months seeking clemency from the White House. According to a Thursday report from The Wall Street…
ADI Foundation and Settlemint Launch ADGM Tokenization Rail for $30.9B RWAs
ADI Foundation and Settlemint have launched a partnership to build an integrated digital securities infrastructure on the ADI Chain. Integrated Infrastructure for Institutional Adoption ADI Foundation and Settlemint announced a partnership on May 13 to launch a new digital securities infrastructure on the ADI Chain, aiming to streamline the tokenization of assets within the Abu […]
BitGo (BTGO) Stock Drops Despite First Quarter Revenue Surge to $3.8B
BitGo (BTGO) stock drops after Q1 earnings reveal doubled revenue of $3.8B offset by widening losses of $60.7M due to bitcoin markdowns and IPO expenses. The post BitGo (BTGO) Stock Drops Despite First Quarter Revenue Surge to $3.8B appeared first on Blockonomi.
Jane Street Pivots Away from Bitcoin ETFs, Pours $82M into Ethereum Holdings
Jane Street cut Bitcoin ETF holdings by over 70% in Q1 2026, adding $82M in Ethereum exposure while boosting Coinbase and Riot positions. Full breakdown here. The post Jane Street Pivots Away from Bitcoin ETFs, Pours $82M into Ethereum Holdings appeared first on Blockonomi.
BitGo Revenue Hits $3.8 Billion in Q1 2026 Despite Widening Net Loss After NYSE Debut
TLDR: BitGo’s total Q1 2026 revenue reached $3.8B, rising 112.6% year-over-year driven by digital asset sales activity. Net loss widened to $60.7M in Q1 2026, largely due to non-cash Bitcoin treasury adjustments and IPO-related stock compensation. Client count grew 42% year-over-year to 5,569, reflecting continued institutional demand across BitGo’s platform. Stablecoin-as-a-Service revenue jumped 43.6% sequentially [...] The post BitGo Revenue Hits $3.8 Billion in Q1 2026 Despite Widening Net Loss After NYSE Debut appeared first on Blockonomi.
Fetch.AI launches AEVS for verifiable AI agent executions
AEVS enhances trust and transparency in AI agent operations, crucial for scaling autonomous systems and ensuring accountability in complex networks. The post Fetch.AI launches AEVS for verifiable AI agent executions appeared first on Crypto Briefing.
Bitcoin (BTC) Dips Below $80K Amid Taiwan Tensions and Surging Inflation Data
Bitcoin fell below $80K to $79,200 amid Taiwan tensions and hot inflation data. Solana dropped 5.6%, while Cisco shares surged 20% on strong earnings. The post Bitcoin (BTC) Dips Below $80K Amid Taiwan Tensions and Surging Inflation Data appeared first on Blockonomi.
Arthur Hayes predicts Bitcoin will surge past $90,000 amid bull market
Hayes' bullish Bitcoin forecast suggests potential economic shifts, highlighting the impact of monetary policy and tech investment on asset markets. The post Arthur Hayes predicts Bitcoin will surge past $90,000 amid bull market appeared first on Crypto Briefing.
Forward Industries Nears $1B Unrealized Loss as Solana Price Falls Below Its $232 Buy-In
TLDR: Forward Industries holds 6.96M SOL purchased at $232.08, putting its unrealized loss close to $1 billion. The company posted a $585.65M net loss in Q1 fiscal 2026, largely from a $560M digital asset loss. Staking rewards topped 112,171 SOL since inception, with gross APY ranging between 6.5% and 7.2%. Forward reported $21.4M in revenue, [...] The post Forward Industries Nears $1B Unrealized Loss as Solana Price Falls Below Its $232 Buy-In appeared first on Blockonomi.
Metaplanet Stock Slides as $725M Bitcoin Valuation Loss Overshadows Strong Operations
Metaplanet stock dropped 3.82% after Bitcoin's 24% Q1 decline caused a $725M loss, despite operating income surging 282% to $14.4M on derivatives revenue. The post Metaplanet Stock Slides as $725M Bitcoin Valuation Loss Overshadows Strong Operations appeared first on Blockonomi.
Forward Industries nears $1B Solana paper loss after Q1 hit
Forward holds 6.98M SOL after reporting a $585.6M Q1 loss, as SOL’s slide leaves its Solana treasury near a $1B paper loss after Q1 results.
Bitcoin risks slump after hitting ‘major bear market resistance’: CryptoQuant
Bitcoin’s rally may reverse as its price has hit a historic resistance level and traders appear to already be taking profits, said CryptoQuant in a note on Wednesday.
Bitcoin firm Nakamoto records net loss in Q1 despite sixfold revenue growth
Nakamoto CEO David Bailey said the company is focused on scaling its Bitcoin treasury, services and trading strategies for the remainder of 2026.
New York court pauses decision on Aave’s $71M ETH recovery request
A New York federal judge has postponed a decision on Aave’s request to release $71 million in frozen Ethereum tied to the Kelp DAO exploit, ordering both sides to submit additional legal arguments before a June hearing. According to filings…
Bitcoin Advocate Kevin Warsh to Lead the Federal Reserve
The U.S. Senate has confirmed Kevin Warsh as the new chair of the Federal Reserve System (Fed). His nomination received 54 votes in favor and 45 against. Warsh will succeed Jerome Powell, whose term ends on May 15. The new chair will serve a four-year term. The Senate also confirmed him as a member of the Fed's Board of Governors for 14 years. Warsh previously served on the regulator's board from 2006 to 2011. Before that, he held executive positions at Morgan Stanley. The new Fed chair is known for his favorable stance on digital assets. He has described bitcoin as an "important asset" that aids authorities in assessing the state of the economy. Financial disclosures revealed that Warsh has invested in crypto projects such as dYdX, Lighter, Polychain Capital, and Dapper Labs. He also owns tokens in Solana and Optimism. One of the key areas of focus for the new Fed chair will be interest rate policy—a topic that has frequently been a source of contention between Powell and President Donald Trump. On May 12, the U.S. Bureau of Labor Statistics reported a 3.8% year-over-year increase in the Consumer Price Index (CPI). Weak CPI data triggered a reduction in risk positions in bitcoin derivatives: open interest on major crypto exchanges fell by nearly $1.25 billion. Back in January, Powell revealed that the U.S. Department of Justice had threatened him with criminal charges over testimony given in Congress in June 2025.
Ledger Postpones IPO Amid Market Volatility
The hardware wallet manufacturer Ledger has indefinitely postponed its IPO due to challenging market conditions, according to CoinDesk, citing sources. One insider revealed that the French firm has not submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission. Confidential filing of documents is typically the first formal step in the process of going public. It is also reported that Ledger is exploring various financing options and has the ability to raise capital privately. News of the company's IPO plans emerged in January, when the wallet manufacturer was valued at approximately $4 billion—three times the figure for 2023. Major banks, including Goldman Sachs, Jefferies, and Barclays, were acting as advisors for the deal. In November 2025, Ledger CEO Pascal Gauthier also mentioned a potential public offering. He noted that as the number of hacking attacks increased, his company's revenue exceeded "hundreds of millions of dollars." Ledger is not the first crypto company to delay an IPO in 2026. In March, the media learned that the exchange Kraken had similarly postponed its plans indefinitely, also citing difficult market conditions. Conversely, custodian BitGo successfully completed its stock offering. In January, the company debuted on the NYSE. This success likely echoes the previous year. In 2025, 11 crypto companies went public, collectively raising $14.6 billion. Earlier in March 2026, Gemini shareholders filed a class-action lawsuit against the crypto exchange. The plaintiffs accuse the platform, its founders Tyler and Cameron Winklevoss, and top executives of misleading investors during and after the IPO.
Jane Street Cuts Bitcoin ETF Exposure, Doubles Down on Ether in Q1 2026
TLDR: Jane Street cut its BlackRock IBIT position by roughly 71%, bringing the stake to about 5.9 million shares. The firm’s Fidelity FBTC holding dropped nearly 60%, falling to around 2 million shares by the end of Q1 2026. Combined additions to BlackRock and Fidelity Ether ETFs totaled approximately $82 million during the quarter. Galaxy [...] The post Jane Street Cuts Bitcoin ETF Exposure, Doubles Down on Ether in Q1 2026 appeared first on Blockonomi.
Cardano (ADA) Surges 11% in May as Whale Activity and Regulatory Win Spark Rally
Cardano (ADA) gains 11% in May 2026 as whales hold 67% of supply, open interest hits $122M, and CLARITY Act revision confirms non-security classification. The post Cardano (ADA) Surges 11% in May as Whale Activity and Regulatory Win Spark Rally appeared first on Blockonomi.
Warren Files 40 CLARITY Act Amendments To Keep XRP Out of US Banking System, Expert Reveals
As the Senate Banking Committee’s long-awaited markup of the CLARITY Act nears, XRP has reportedly become a focal point of a wave of amendments being prepared for the key vote on Thursday. The bill—described by participants as a crypto market structure package that has already been delayed by more than five months—is widely viewed by […]
Starknet launches strkBTC for ZK-powered shielded Bitcoin on Layer 2
strkBTC's launch on Starknet could revolutionize Bitcoin transactions by enhancing privacy, potentially reshaping DeFi and compliance landscapes. The post Starknet launches strkBTC for ZK-powered shielded Bitcoin on Layer 2 appeared first on Crypto Briefing.
Solana (SOL) 2029 Price Forecast: Analysts Project Path to $700
Solana (SOL) 2029 forecast explores three scenarios: base case $230-$280, bull case $700, bear case $50. Weighted target sits at $275 per token. The post Solana (SOL) 2029 Price Forecast: Analysts Project Path to $700 appeared first on Blockonomi.
Nakamoto revenue jumps, but Q1 loss hits $238.8M
Nakamoto posts $2.7M Q1 revenue and a $238.8M loss as BTC marks, acquisitions and treasury strategy shape its Bitcoin pivot.
Wes Streeting prepares to challenge Keir Starmer amid Labour Party turmoil
Labour's internal strife may weaken its electoral prospects, potentially altering UK political dynamics and impacting future policy directions. The post Wes Streeting prepares to challenge Keir Starmer amid Labour Party turmoil appeared first on Crypto Briefing.
Trump loses trade superpower after Supreme Court ruling strikes down IEEPA tariffs
The ruling curtails executive power, emphasizing Congress's role in trade policy, potentially reshaping future U.S. economic strategies. The post Trump loses trade superpower after Supreme Court ruling strikes down IEEPA tariffs appeared first on Crypto Briefing.
TRUMP Token Slides 5% Following Trump Mobile T1 Smartphone Shipping Announcement
TRUMP token falls 5% as Trump Mobile confirms T1 handset ships next week. The memecoin remains down nearly 90% from all-time highs despite phone launch. The post TRUMP Token Slides 5% Following Trump Mobile T1 Smartphone Shipping Announcement appeared first on Blockonomi.
CLARITY Act Inches Closer to Law as Senate Markup Scheduled for May 14
Senate Banking Committee to review CLARITY Act on May 14. Coinbase CEO and White House support the bipartisan crypto bill after stablecoin compromise. The post CLARITY Act Inches Closer to Law as Senate Markup Scheduled for May 14 appeared first on Blockonomi.
XRP Whale Accumulation Reaches Record Peak Amid Price Consolidation
XRP whale wallets reach record 332K as price consolidates near $1.46. Analysts eye $7+ targets while XRPL DeFi vote gains traction at 22% approval. The post XRP Whale Accumulation Reaches Record Peak Amid Price Consolidation appeared first on Blockonomi.
Ripple CEO Names XRP's Main Advantages
Ripple's Brad Garlinghouse has outlined the key advantages of the XRP token.
Pepe Coin News: Holder Addresses Surge Past 550,000 as ETF Filing Adds Momentum and Pepeto Presale Nears Sellout Before Listing Triggers
The pepe coin news cycle is heating up as holder addresses jumped by 37,000 since mid-April to reach roughly 551,500 unique wallets. Canary Capital filed an S-1 with the SEC for the first spot PEPE ETF in history, and the token trades near $0.0000041 with higher lows forming since late March. With Bitcoin above $80,000, [...] The post Pepe Coin News: Holder Addresses Surge Past 550,000 as ETF Filing Adds Momentum and Pepeto Presale Nears Sellout Before Listing Triggers appeared first on Blockonomi.
BitGo revenue doubles to $3.8B, but Q1 loss deepens
BitGo revenue doubled to $3.8B in Q1, but net loss widened to $60.7M as Bitcoin treasury moves and IPO costs weighed on results post-IPO.
Bet-at-Home Q1 Revenue Falls 16% After Choosing Tax Pass-Through Path Rivals Refused
Bet-at-home.com AG’s Q1 2026 gross betting and gaming revenue fell 16.1% as the operator’s June 2025 decision to pass Austria’s newly raised 5% betting tax through to customers translated into a €22m sportsbook volume drop. Multiple competitors opted to absorb the same tax hike instead, exposing Bet-at-home to an activity decline that has now flipped […]
Donald Trump declares Iran ceasefire ‘on life support’ as crude oil tops $105
Rising oil prices due to geopolitical tensions could disrupt global markets, affecting inflation, central bank policies, and digital assets. The post Donald Trump declares Iran ceasefire ‘on life support’ as crude oil tops $105 appeared first on Crypto Briefing.
Iran threatens weapons-grade uranium enrichment as peace talks stall, raising crypto safe-haven questions
Iran's uranium enrichment threat could destabilize global markets, impacting crypto regulations and energy prices, with broader economic ripples. The post Iran threatens weapons-grade uranium enrichment as peace talks stall, raising crypto safe-haven questions appeared first on Crypto Briefing.
Claude AI Unlocks $320,000 in Bitcoin Forgotten for a Decade
A Bitcoin holder recovered 5 BTC worth $320K using Claude AI after being locked out for 10 years. The AI searched 1GB of data for just $15 in compute costs. The post Claude AI Unlocks $320,000 in Bitcoin Forgotten for a Decade appeared first on Blockonomi.
Ethereum (ETH) Price Under Pressure: Record Open Interest Suggests Bullish Reversal Brewing
Ethereum (ETH) trades at $2,220 with rising selling pressure and ETF outflows, but record open interest and positive funding rates hint at potential reversal. The post Ethereum (ETH) Price Under Pressure: Record Open Interest Suggests Bullish Reversal Brewing appeared first on Blockonomi.
Ripple CTO Emeritus Issues Urgent Warning About XRP Scams
This is far from the first instance in which bad actors have targeted the XRP Army.
Bitcoin ETF outflows hit $635M amid Middle East tensions
Institutional de-risking amid geopolitical tensions may signal broader market caution, potentially influencing Bitcoin's short-term trajectory. The post Bitcoin ETF outflows hit $635M amid Middle East tensions appeared first on Crypto Briefing.
Crypto Veteran Forecasts Bitcoin Dip to $48K Before Million-Dollar Rally
eBay rejects GameStop’s $55.5 billion takeover bid, calling it ‘neither credible nor attractive’
GameStop's rejected bid highlights the challenges of transforming traditional retail into e-commerce, emphasizing strategic and financial hurdles. The post eBay rejects GameStop’s $55.5 billion takeover bid, calling it ‘neither credible nor attractive’ appeared first on Crypto Briefing.
Susquehanna raises Nvidia price target to $275 on AI demand surge
Nvidia's rising price targets reflect growing confidence in AI's transformative potential, signaling robust investment opportunities in tech. The post Susquehanna raises Nvidia price target to $275 on AI demand surge appeared first on Crypto Briefing.
Crypto Superapp Legend Announces Shutdown As Industry Shakeout Continues
Mainstream crypto users don’t care whether a product runs on a blockchain or not. That blunt observation came from Legend CEO Jayson Hobby as he announced the closure of the DeFi mobile app he helped build — and it may be the most honest thing said about crypto consumer products in years. Related Reading: Former […]
Bitcoin (BTC) Slips Under $80K Amid Inflation Surge and Trump-Xi Diplomatic Tensions
Bitcoin (BTC) drops below $80K to $79,200 as hot inflation data and Trump-Xi summit tensions trigger selloffs and $233M ETF outflows across crypto markets. The post Bitcoin (BTC) Slips Under $80K Amid Inflation Surge and Trump-Xi Diplomatic Tensions appeared first on Blockonomi.
DeFi Development reports 108% SOL growth despite Q1 loss
DeFi Development says SOL per share rose 108% to 0.0670, even as Q1 net loss hit $83.4M and its Solana holdings reached 2.29M SOL by May 13.
Vapi reaches $500M valuation after Amazon Ring selects its AI platform
Vapi's success with Amazon Ring could catalyze broader adoption of AI voice platforms, reshaping enterprise customer interaction strategies. The post Vapi reaches $500M valuation after Amazon Ring selects its AI platform appeared first on Crypto Briefing.
United Arab Emirates conducted secret military strikes on Iran, Wall Street Journal reports
Escalating UAE-Iran tensions risk destabilizing regional security, impacting global oil prices, and challenging UAE's crypto-friendly image. The post United Arab Emirates conducted secret military strikes on Iran, Wall Street Journal reports appeared first on Crypto Briefing.
Claude helps man recover 5 Bitcoin after old wallet search
Claude helped an X user recover 5 BTC from an old wallet after finding a backup file, raising fresh debate over AI crypto recovery and risks
America ‘Must Fight To Win Crypto’, Galaxy CEO Novogratz Says
Mike Novogratz has urged Senate Democrats to move forward on crypto market structure legislation, warning that resistance to the CLARITY Act could push digital asset activity further offshore and weaken the United States’ role in shaping the industry. In a post on X titled “America Must Fight to Win Crypto,” Novogratz framed the debate as […]