Mike Novogratz's Galaxy Digital posted a $216 million first-quarter loss as weaker crypto prices hit asset values, while Helios data center revenue nears. Mike Novogratz’s digital asset company Galaxy Digital posted a $216 million loss in the first quarter of 2026, extending losses from the prior year. Galaxy Digital (GLXY) reported first-quarter earnings Tuesday of a loss of $0.49 per diluted share, compared with a loss of $0.86 in Q1 2025. The earnings came in ahead of expectations, according to MarketBeat analysts, who had expected a loss of $0.59 per share. Gross revenue for the quarter ended March 31 was $10.2 billion, compared with $10.2 billion in Q4 2025 and $12.9 billion in the same period a year earlier. Read more
US Anti-Money Laundering fines hit $900 million in the first half of 2025 as enforcement shifted from securities cases, while Basel rules and mandatory audits reshape crypto compliance, according to CertiK. Anti-Money Laundering enforcement has overtaken securities violations as the leading regulatory threat facing crypto companies, according to CertiK, with the United States Department of Justice and Financial Crimes Enforcement Network imposing $900 million in AML-related fines during the first half of 2025. The shift marks a sharp break from the US Securities and Exchange Commission-led enforcement cycle that defined earlier years of crypto regulation. SEC crypto-specific penalties collapsed 97% in penalty value year over year, dropping from $4.9 billion in 2024 to $142 million in 2025, according to a Tuesday report by blockchain security auditor CertiK. Transaction monitoring and licensing failures are now drawing penalties that rival or exceed many earlier crypto securities cases. The DOJ's February 2025...
Veteran trader Peter Brandt and other analysts question the $250,000 Bitcoin target, warning the current bear phase may not be over. Bitcoin (BTC) is trading roughly 40% below its October 2025 record high near $126,000 despite its ongoing recovery. Still, some of the cryptocurrency's loudest bulls, including billionaire investor Tim Draper and Fundstrat’s co-founder Tom Lee, have not backed down from their $250,000 year-end prediction, a target that would require more than a threefold rally from current levels. Is that realistic, or is Bitcoin’s latest drawdown a warning that the cycle has already peaked? Read more
Crypto projects are shutting down as token funding weakens and fragmented structures leave them with limited options to restructure or recover. A wave of crypto shutdowns is unfolding across the industry this year, hitting projects from trading platforms to analytics tools. April was no exception, as decentralized email service Dmail said it is shutting down due to high infrastructure costs, failed fundraising and weak token utility. “In prior cycles, projects could extend runway through new issuance or venture support,” Roshan Dharia, a restructuring advisor and CEO of crypto holding company Echo Base, told Cointelegraph. Read more
Four Japanese government agencies have warned against the AML risks posed by crypto in real estate transactions, instructing industry bodies to enforce stricter compliance. Japan's financial, law enforcement and real estate regulators have issued a joint guidance request warning that crypto assets pose money laundering risk in property transactions. The request, published on Tuesday, was issued by the Ministry of Land, Infrastructure, Transport and Tourism, the Financial Services Agency, the National Police Agency and the Ministry of Finance. It was addressed to major real estate and crypto industry bodies, including the Japan Cryptocurrency Business Association and several national real estate federations. “Crypto assets, which have the nature of being transferred instantly across national borders, are considered to pose a high risk of being used as a payment method in real estate transactions for the purpose of money laundering,” the request states. Read more
The integration lets employees earn yield on stablecoin-paid salaries without moving funds or giving up custody. Paxos Labs has integrated its Amplify platform with Toku to let employees earn yield on stablecoin salaries as soon as they are paid, without moving funds off-platform or giving up custody. The feature applies to balances held in Toku wallets, allowing users to opt in and earn yield on USDC (USDC), USDt (USDT) and USDG (USDG) with no lockups or withdrawal delays. The rollout extends across Toku’s payroll network, which it said processes more than $1 billion annually for workers in over 100 countries and integrates with systems including ADP, Workday, Gusto and UKG. The update addresses a limitation of stablecoin payrolls, where funds typically sit idle between pay cycles. Embedding yield directly into balances allows users to earn on their salaries without using external platforms or transferring assets out of their wallets. Read more
DeFi United published a technical plan to restore rsETH backing and unwind attacker-linked DeFi positions after the $293 million Kelp exploit. The Aave-linked recovery group DeFi United has published a technical implementation plan to restore rsETH backing after the April 18 Kelp bridge exploit released 116,500 rsETH, worth about $293 million at the time, without a corresponding burn on Unichain. The plan would convert committed Ether (ETH) into rsETH in tranches and deposit the tokens into the affected bridge lockbox, allowing the bridge to resume normal operations once the backing is restored. LayerZero and Kelp have also implemented additional security measures before the bridge returns to full operation, according to Aave. In parallel, DeFi United plans to clear attacker-linked positions across Aave and Compound to recover collateral and resolve market impairments caused by the exploit. The group said seven addresses associated with the exploiter still hold active rsETH-backed positions on Aave and Compo...