TeraWulf doubles AI revenue but posts $427M quarterly loss as mining income declines

Trump Media reported a $405.9 million Q1 net loss, driven by $244 million in unrealized cryptocurrency losses as its bitcoin and CRO holdings declined significantly. The company held 9,542 BTC and 756 million CRO tokens at quarter-end. While bitcoin's recovery since March adds value, the massive loss highlights risks of corporate crypto treasury strategies amid volatile markets.

Australian police seized millions in Bitcoin from an alleged darknet marketplace operator, marking a significant law enforcement action against cryptocurrency-enabled crime. The bust underscores growing regulatory crackdowns on illicit digital asset activity globally. Bitcoin trades near $80,756 amid broader market stability. For Indian investors, this signals strengthening international enforcement that could impact crypto legitimacy and regulatory frameworks domestically.

Novig, a sports betting platform, plans to transition from a 35-state sweepstakes model to a federal Designated Contract Market framework this summer, enabling operations across all 50 states. The CEO argues sports betting should be regulated as a financial product, not gambling, citing the $2 trillion global market. This regulatory shift could reshape prediction markets and attract sophisticated traders currently banned from traditional sportsbooks.