The loss was primarily driven by $244 million in unrealized losses on cryptocurrency holdings and an additional $108.2 million investment loss.
Coindesk
Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says
Novig CEO Jacob Fortinsky said his company will transition to a federal Designated Contract Market framework this summer to launch in all 50 states, while 57 Maiden’s Adam Mastrelli said he was banned from two major sportsbooks within two months for being “sharp.”
It might be too late for bitcoin’s quantum migration, Project Eleven report argues
Quantum computing does not only pose a risk to up to $3 trillion in digital assets, it also threatens the security of banking systems, military communications, digital identities and more, Project Eleven’s report warns.
Crypto industry cheers Senate Clarity Act markup date as market structure push resumes
The bill’s progress follows talks on jurisdiction, consumer/developer protections, and stablecoin rewards, with crypto firms backing a yield compromise.
Emerging-market users are treating crypto exchanges like banking apps, Binance says
One point three billion adults lack financial services, 4.7 billion lack credit, and 1.4 billion savers in low-income nations earn no deposit interest, Binance said.
Swiss central bank bitcoin reserve push fails over signature shortfall
The initiative sought to amend Switzerland’s constitution, requiring the Swiss National Bank (SNB) to hold BTC alongside gold and foreign-currency reserves.
CME is set to let traders bet on bitcoin volatility, not just price
CME Group plans to launch bitcoin volatility futures on June 1 pending regulatory approval bringing a easy way to bet on the degree of price swings.
How DeFi is changing the financial landscape for Latin Americans
DeFi is quietly shifting from niche crypto experiment to a legitimate financial tool across the region, explains Serrano.
Crypto wallets are being rebuilt for AI agents, Trust Wallet and Mesh executives say at Consensus Miami
Trust Wallet CEO Felix Fan and Mesh CTO Arjun Mukherjee said AI agents are creating a new role for crypto wallets.
BlackRock deepens tokenization push with new onchain fund offerings
The world’s largest asset manager filed paperwork to expand its tokenized fund lineup as real-world assets grow 200% year over year.