BitGo Q2 revenue rises 80% to $4.3B as loss hits $19M
BitGo Q2 revenue rose 79.6% to $4.33B, but the firm posted a $19M loss as digital asset marks and thinner trading margins weighed.
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XRP Faces Its Strongest Selling Pressure Since May: What’s Next for Ripple’s Price?
XRP is under pressure again, as heavy leverage and bearish calls pile up.
Mirae Asset to inject additional $35 million into Korbit crypto exchange following July acquisition: report
Mirae Asset completed the acquisition of Korbit in July, acquiring 97.15% of the company for roughly $91.5 million.
Blockchain Association urges review of Custodia Bank’s master account denial
The Blockchain Association has backed Custodia Bank’s Supreme Court petition challenging the Federal Reserve’s refusal to grant the Wyoming-chartered digital asset bank direct access to its payment system. According to a Wednesday amicus filing, the Blockchain Association asked the U.S.…
Securitize posts $21.7M Q2 loss as SECZ falls 21%
Securitize reported a $21.7M Q2 loss as revenue fell 5% to $14.4M, while tokenized AUM hit $4.3B and SECZ dropped 21% after hours.
Copper US arm becomes FINRA member, SEC-registered broker-dealer
Copper Markets US will offer qualified custody, staking, financing and OTC services after securing its regulated US presence.
Bank of Korea Breaks 13-Year Streak With Gold ETF Purchase
The Bank of Korea has disclosed a $250 million position in a gold exchange-traded fund (ETF). The stake marks its first gold-linked investment in 13 years. The move gives South Korea’s central bank exposure to gold prices without expanding its…
Goldman Sachs to add Bitcoin, Ethereum ETFs in $2.25B Neos deal
Goldman Sachs has agreed to acquire Neos Investments for up to $2.25 billion, a deal that will add three Bitcoin and Ethereum options-income ETFs managing more than $1.1 billion combined to its asset management business. According to Goldman Sachs, the…
Bitcoin price steadies near $64K as HYPE leads crypto gainers
Bitcoin traded near $63,800 as July CPI matched forecasts, HYPE led large-cap gains and spot Bitcoin ETFs posted $61.1M in outflows.
Erebor at $9.5 billion: the bank that replaced Silvergate in six months
Palmer Luckey and Joe Lonsdale’s nationally chartered bank has $4.6 billion in deposits, $100 million in annualized revenue, and a valuation higher than most publicly traded banks. It opened in February. Here is what that pace means for crypto banking.…
Arthur Hayes says a $60 billion Fed cap is Bitcoin’s next liquidity trigger and needed for a price surge
Arthur Hayes says a $60 billion Federal Reserve limit is the next liquidity trigger he wants to see before adding more aggressively to risk assets, such as Bitcoin. His Aug. 11 essay focuses on the standing Foreign and International Monetary…
Important Pi Network News and PI Token Price Update: August 13
Here's the latest within the broader Pi Network ecosystem and token moves as PI tries to recover from its July slump.