Bakkt pivots into stablecoin infrastructure as revenue tumbles 77% in Q1

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.

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.

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.

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.

South Korean crypto holdings fell to $41 billion from $83 billion in just over a year as investors shifted to stocks.

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.

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.

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.

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.