Bakkt swung to a first-quarter loss as crypto services revenue fell 77%, underscoring the digital asset platform’s push to reposition itself around stablecoin payments and AI-enabled financial infrastructure. On Monday, the company reported a net loss attributable to Bakkt of $11.7 million, or 41 cents per basic and diluted share, for the quarter ended March
BitMEX co-founder Arthur Hayes, known for making bold predictions about Bitcoin ($BTC) and altcoins, says the rise in $BTC began in February and will gain further momentum once it surpasses $90,000. In a recent blog post, Arthur Hayes argues that the Bitcoin bull market has already begun since the end of February. Hayes notes that
President Donald Trump declared on May 11 that the US-Iran ceasefire is on “massive life support,” giving it a “1% chance of living” after dismissing Iran’s latest peace proposal as “stupid” and “a piece of garbage.” The month-old truce now looks like it’s hanging by a thread, and crypto markets are watching closely. The rejection
Alternative investment vehicles such as exchange-traded funds (ETFs), led by BlackRock’s IBIT, hold sway over bitcoin’s price. That is well known by now. But another ETF from the betting world has been moving in lockstep with bitcoin’s cycles since 2020, with an interesting pattern that, to the naked eye, appears to show leading signals for
Ark Invest bought $5.5 million worth of shares in Circle Internet (CRCL) on Monday as the stablecoin developer’s stock pumped following its first-quarter earnings report. The St. Petersburg, Florida-based investment manager added 41,904 shares across three of its exchange-traded funds (ETFs): Innovation (ARKK), Next Generation Internet (ARKW) and Blockchain and Fintech Innovation (ARKF). CRCL shares
Anthropic, the AI company behind Claude, is warning investors that tokenized products claiming to offer access to its private shares may be invalid, escalating a fight over whether restricted pre-IPO stock can be repackaged for retail traders. In an updated investor-warning page first published in February, Anthropic said any unapproved sale or transfer of its
Canada is handing back $148 million to 30 US-based companies after repealing the digital services tax (DST) that briefly made it one of the most aggressive jurisdictions for taxing Big Tech. The Canada Revenue Agency processed the refunds, plus $4 million in interest, by the end of April 2026. The DST, a 3% levy on
Bitcoin is testing its 200-day moving average at $82,000, driven by recent massive cash inflows and increased interest from global financial giants. Prominent figures in the financial world, participating in “The Wolf of All Streets,” analyzed the moves of giants like BlackRock, Apollo, and MicroStrategy, offering crucial predictions about the market’s future. Dave Weisberger, former
Bitcoin’s transparency was once considered one of its greatest strengths. Now, Ray Dalio says, it may be the very reason central banks won’t adopt it as a reserve asset, even though corporations and institutional investors have embraced it. The billionaire hedge fund manager, who is also a bitcoin investor, said on X that, “Bitcoin lacks