BitGo posts wider Q1 loss despite revenue more than doubling
BitGo’s headline revenue figure doubled year-over-year to $3.8 billion, but a Bitcoin price decline and IPO-related costs pushed net losses to $60.7 million in the first quarter....
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Moody’s awards top rating to Fidelity and BlackRock's tokenized money market funds
Moody's awarded AAA-mf ratings to Fidelity and BlackRock's tokenized money market funds, validating their safety as onchain yield products. Fidelity's FILQ launched May 6 on Sygnum's platform with JPMorgan, Apex Group and Chainlink support. Tokenized U.S. Treasury products surged to $15 billion AUM in two years, reflecting institutional demand for real-time settlement and low-risk onchain instruments.
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....
Bitcoin investors yanked $635 million from spot ETFs in a day. Here's what it means for price
Bitcoin spot ETF investors withdrew $635 million in a single day—the largest outflow since late January—as the cryptocurrency stalled below its 200-day moving average near $82,000. The pullback reflects renewed U.S. inflation concerns weighing on markets. However, the correlation between ETF flows and Bitcoin price has weakened significantly, suggesting other macro factors now drive price action more than fund flows alone.