Bakkt pivots into stablecoin infrastructure as revenue tumbles 77% in Q1
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Bakkt posted a net loss of $0.41 per share in Q1 as revenue fell 77% to $243.6 million on lower crypto trading volumes.
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Bakkt posted a net loss of $0.41 per share in Q1 as revenue fell 77% to $243.6 million on lower crypto trading volumes.
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CleanSpark posted a $378.3 million net loss in its fiscal second-quarter results, more than double the prior year, with nearly 60% tied to Bitcoin price declines.
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Hyperliquid, EdgeX and Pump.fun returned a combined $96 million to token holders in 30 days, as the crypto community shifts its focus from transaction volumes to real earnings.
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South Korean crypto holdings fell to $41 billion from $83 billion in just over a year as investors shifted to stocks.
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Trump Mediaβs $405.9 million net loss was driven mostly by unrealized losses on Bitcoin bought at last summerβs peak and Cronos tokens acquired through a Crypto.com deal.
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TeraWulfβs HPC lease revenue jumped 117% quarter-on-quarter to $21 million, but a $427 million net loss highlights the costs of transitioning from Bitcoin mining to AI infrastructure.
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A Manhattan judge modified a restraining notice to let Arbitrum DAO move $71 million in frozen Ether to Aave, while preserving terrorism victimsβ legal claim on the funds.
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US spot Bitcoin ETFs have logged six consecutive weeks of net inflows, the longest such streak since a seven-week run that drew in $7.57 billion in the summer of 2025.