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Project Overview
BitGo is the digital asset company that has been exclusively focused on serving institutional clients since 2013. It provides institutional investors with custody, liquidity, and security solutions. Active in both centralized and decentralized finance, BitGo offers market-leading trading, lending, and borrowing services through its prime brokerage services and acts as the custodian for WBTC, the leading global stablecoin for Bitcoin.
Blockchain.com Plans to Raise $500 Million via IPO at Up to $6 Billion Valuation
Odaily News: Cryptocurrency exchange and wallet service provider Blockchain.com plans to raise approximately $500 million this year through an initial public offering (IPO), targeting a valuation of $4 billion to $6 billion, and may scale back the offering size if necessary to complete the listing.Blockchain.com reached a $14 billion valuation in 2022 and confidentially filed IPO registration documents with the U.S. Securities and Exchange Commission (SEC) in May of this year. Recently listed Gemini, BitGo, and eToro have seen their share prices drop approximately 50% to 80% from post-listing highs. (Cointelegraph)
BitGo acquires NYDIG institutional trading business for $42.5 million, expanding derivatives and financing services
Odaily News: Digital asset infrastructure company BitGo has announced the completion of its acquisition of NYDIG's institutional trading business. The transaction employs a two-step merger structure, with total consideration of approximately $42.5 million, including $7 million in cash and approximately $35.5 million in BitGo stock.The business brings approximately 30 NYDIG employees and institutional client relationships into BitGo, offering derivatives, structured products, financing, and capital markets solutions to asset management firms, hedge funds, corporations, and family offices.The transaction also includes performance-based incentive provisions, including a $10 million cash payment tied to a revenue milestone, up to $5 million in cash and additional shares tied to a second milestone, as well as retention incentives for transferred employees.NYDIG will focus on power generation, Bitcoin mining, and high-performance computing data center operations, with the company disclosing a development pipeline exceeding 3 gigawatts. BitGo recently completed its IPO on the New York Stock Exchange, with a post-issuance valuation of approximately $2 billion, and launched the USDS token. (Decrypt)
BitGo Announces Acquisition of NYDIG Institutional Trading Business
According to an official announcement from BitGo, the company has reached a definitive agreement with NYDIG to acquire its institutional trading business, adding capabilities in execution, derivatives, structured products, and financing to complement its existing federally regulated custody, settlement, and wallet infrastructure. NYDIG's institutional trading business serves institutional clients including asset management firms, hedge funds, corporations, and family offices.
BitGo Acquires NYDIG’s Institutional Trading Business and Related Assets
Odaily News: BitGo has announced the acquisition of NYDIG’s institutional trading business and related assets, incorporating derivatives, structured products, financing, and capital markets capabilities into its institutional platform. Approximately 30 NYDIG employees will join BitGo, and NYDIG’s institutional trading client relationships will also transfer to BitGo as part of the deal. BitGo will integrate the related business with its custody, trading, settlement, and wallet infrastructure. NYDIG will focus its resources on power generation, Bitcoin mining, and high-performance computing data center operations. NYDIG stated that its hash rate infrastructure development pipeline currently exceeds 3 gigawatts, with over 1 gigawatt expected to be ready for delivery in 2027 and 2028.
Consensys: Delays IPO Plans to Earliest This Fall Amid Market Conditions
according to sources familiar with the matter, MetaMask developer Consensys has postponed its U.S. IPO plans to earliest this fall. The company originally planned to submit a draft S-1 filing with the SEC by the end of February, but market demand weakened due to the market downturn in February, macroeconomic uncertainty, and Bitcoin ETF outflows. Besides Consensys, Kraken and Ledger have also paused their IPO plans.Consensys completed a $450 million funding round in 2022 at a valuation of $7 billion. Additionally, BitGo, which was the first crypto company to go public in 2026, raised $213 million but has since seen its stock price drop 36% from its $18 offering price, reflecting the public market's cautious approach toward valuing crypto infrastructure companies.
Onramp completes $12.5 million Series A funding round, led by Early Riders<odatory-translate-split><p>Odaily reports that Onramp has announced the completion of a $12.5 million Series A funding round at a pre-money valuation of $135 million. The round was
Onramp 宣布完成 1250 万美元 A 轮融资，投前估值达 1.35 亿美元，Early Riders 领投，其私有客户及外部天使投资人等参投。该项目主要业务是为比特币大额持有者提供多机构托管平台，通过 BitGo、Coincover 和 Tetra Trust 等合作伙伴，确保资产需经多个机构批准方可转移。(axios)
PHP Foundation Admits Structural Failures, Critical Security Vulnerability Fixes Delayed
Odaily reports: The PHP Foundation has stated that due to hesitant decision-making and insufficient resources, remediation work for a critical security vulnerability first discovered in 2024 stalled and restarted multiple times, and it characterized the delay as a "structural failure." PHP is a programming language widely used for websites and web applications.PHP has released emergency patches for two related critical vulnerabilities. Unauthenticated attackers could exploit the flaws to execute code on affected servers without logging in. Some government websites or online services in the Netherlands, Finland, France, Germany, and Australia were temporarily taken offline to prepare for patch installation.Security firm Calif and OpenAI separately reported the same underlying issue on August 11, and Calif also demonstrated unconditional remote code execution. Blockchain security firm SlowMist investigated PHP usage in the crypto industry and found direct PHP fingerprints on 793 of the 1,488 domains it assessed.Intersect has temporarily closed its Members Area, Coinbase said it has not found any affected PHP instances, and digital asset infrastructure company BitGo said its platform was not affected. Binance co-founder Changpeng Zhao reminded users to exercise heightened caution when visiting websites recently, and OpenAI has released a Codex skill for checking for vulnerable PHP versions. (Cointelegraph)
Crypto Assets Can Be Pledged for Loans to Margin Perpetual Futures, Kalshi and BitGo Reach New Arrangement
Odaily News: Kalshi and BitGo have reached a new arrangement allowing certain customers to borrow against their custodied crypto assets and use the loan proceeds as margin for leveraged perpetual futures trading on the Kalshi exchange. The arrangement is aimed at clients of Kalshi Prime, Kalshi's US-registered futures commission merchant, and adopts a tripartite collateral management structure; loans are provided by its affiliated lending company Kalshi Katalyst, with collateral assets held at BitGo Bank & Trust. Eligible collateral assets include Bitcoin, Ethereum, and stablecoins deemed compliant with the GENIUS Act, with additional custodians expected to be onboarded in the future. Kalshi Prime CEO Jeff Bandman said the arrangement allows customers to participate in trading without having to exit their crypto asset positions.
U.S. community bank organization sues OCC, seeking to block crypto firms from entering the banking system through trust charters
Odaily News: The Independent Community Bankers of America (ICBA) filed a lawsuit on Friday against the Office of the Comptroller of the Currency (OCC) in the U.S. District Court for the District of Columbia, challenging its authority to grant national trust bank charters to crypto firms and asking the court to vacate the final rule dated March 2, 2026, and Interpretive Letter No. 1176.ICBA President and CEO Rebeca Romero Rainey said the charters give crypto firms the credibility of a federal bank charter without requiring compliance with federal deposit insurance, capital and liquidity standards, and the Community Reinvestment Act. The ICBA also seeks to revoke Protego Holdings' conditional charter, citing deficiencies in its governance and risk controls.The lawsuit involves digital asset firms that have applied for or obtained OCC charters, including Circle, Ripple, Paxos, Fidelity, BitGo, Kraken parent company Payward, Block, and World Liberty Financial. Senator Elizabeth Warren separately accused the approvals of being unlawful, drawing pushback from the industry; the OCC plans to complete stablecoin rules under the GENIUS Act by November. (Decrypt)
CLARITY Act Stalls, BitGo CEO Warns US Crypto Market Faces Business Concentration Risk
Mike Belshe posted on X stating that the failure of the CLARITY Act to advance leaves the US crypto market continuing to face systemic risks, particularly the risk of a single institution simultaneously controlling trading platforms, brokerage, and asset custody businesses.He stated that the collapse of a broker may cause localized losses; however, if the same institution simultaneously operates a trading platform and provides asset custody services, its collapse could drag the entire market into crisis, and its risks warrant more vigilance than the Lehman Brothers incident.
Block Plans to Establish Bitcoin and Stablecoin Custody Trust Bank, Applies for U.S. Federal Bank Charter
Odaily reports: Block, the payment company founded by Jack Dorsey, has submitted an application to the U.S. Office of the Comptroller of the Currency to establish an uninsured national trust bank named Builders Bank & Trust, N.A. Proposed president and CEO Lee Woolley stated that the bank will leverage Block's experience in digital assets, the history of Square Financial Services, and the team's banking expertise to provide custody and other trust services including Bitcoin and stablecoins, and to establish a federal regulatory framework for some of Block's existing custody operations.This application joins the ranks of fintech and crypto companies seeking federal bank charters. Since 2025, the U.S. Office of the Comptroller of the Currency has received 40 applications for new bank charters, approved 21, and rejected only 2. Previously, Revolut received conditional approval, and Coinbase, Paxos, BitGo, Ripple, and Circle have also joined the related ranks.
C1 Fund Bets on Polymarket in Q2, Portfolio Expands to 11 Crypto Companies
Odaily News Crypto asset investment fund C1 Fund (NYSE: CFND) has announced its Q2 2026 performance results. As of June 30, the fund's net asset value (NAV) stood at $42.63 million, with a NAV per share of $6.49. The fair value of its investment portfolio was approximately $33.07 million, accounting for 77.5% of net assets.C1 Fund added Polymarket to its holdings in Q2, bringing its total investment portfolio to 11 companies. These span sectors including crypto payments, custody, compliance, staking, exchanges, development infrastructure, and prediction markets. Its two largest exposures are Ripple (17.5% of net assets) and Payward, the parent company of Kraken (16.9%).As of July 31, C1 Fund has repurchased and canceled 249,300 shares of its own stock at a total cost of approximately $824,000. The company is currently authorized to repurchase up to $3 million worth of shares. Management stated that buybacks conducted when the share price falls below NAV help enhance the per-share NAV for remaining shareholders.Additionally, Kraken and Blockchain.com have publicly announced that they have confidentially submitted potential IPO applications to the U.S. SEC; BitGo completed its IPO in January 2026. C1 Fund also revealed that an early partial issuer repurchase by Ripple generated approximately a 150% return on investment for the fund in just over four months. (Businesswire)
A whale bought $42.3 million worth of crypto assets from BitGo within 1 hour
Odaily reports: According to Onchain Lens monitoring, a whale bought the following tokens from BitGo in the past hour, with a total value of approximately $42.3 million: 14,600 ETH, worth about $34.24 million; 415,690 LINK, worth about $4.81 million; 16,570 AAVE, worth about $2.23 million; 144,840 UNI, worth about $1.02 million.
$10.31M USD1 Transferred to BitGo, Cumberland May Use It for OTC Trading
According to Onchain Lens monitoring, Cumberland (0x83B...Fc2e4) transferred 10.31 million USD1 to BitGo, worth approximately $10.3 million, possibly for over-the-counter (OTC) trading.
Sol treasury company SKYA transferred out 468,000 SOL in a single day, worth approximately $51.1 million USD.
According to on-chain analyst Yujin (@EmberCN), the wallet address of Nasdaq-listed SOL treasury company @skyaico (Nasdaq: SKYA) transferred out 468,000 SOL (approximately $51.1 million) within the past day, with 218,000 SOL flowing into multiple CEXs and 250,000 SOL being transferred to institutional custody platform BitGo. According to the latest disclosures released by the company on September 14, which indicated it held over 2 million SOL in reserves at that time, this transfer accounts for approximately 20% of its total SOL holdings.
SOL treasury company SKYA transferred out 468,000 SOL in the past day, worth $51.1 million
Odaily News: According to on-chain analyst Ember, the address associated with SOL treasury company @skyaico (Nasdaq: SKYA) transferred out 468,000 SOL in the past day, worth $51.1 million, of which 218,000 SOL was transferred to multiple CEXs and 250,000 SOL was transferred to institutional service platform BitGo. The latest filing released by SKYA on September 14 showed that the company held more than 2 million SOL in reserves at that time.
DWF Labs subsidiary sues BitGo for breach of OTC agreement, seeking $141 million
According to a report by The Financial Times, DWF Maas and Falcon Digital, subsidiaries of DWF Labs, have sued crypto custody firm BitGo at the London High Court, alleging that it breached an over-the-counter (OTC) agreement by selling Falcon Finance (FF) and ESPORTS tokens before the stipulated lock-up period expired, leading to a decline in the tokens' prices. According to the complaint, the agreement stipulated that the tokens would be purchased at a discount, subject to a three-month lock-up period followed by a phased unlock schedule. DWF alleges that BitGo transferred the tokens to an exchange approximately two months prior to the initial unlock, exerting downward pressure on the market and diminishing the value of its remaining holdings, for which it is seeking $141 million in damages. BitGo has declined to comment on the lawsuit, and the allegations remain unadjudicated.
A dormant ENA whale that had been inactive for over a year has sold another 37.725 million ENA, and still holds 119.82 million ENA worth $29.6 million
according to Lookonchain monitoring, an ENA whale that had been dormant for over a year sold another 37.725 million ENA through BitGo 12 hours ago, worth $9.25 million; it currently still holds 119.82 million ENA, worth $29.6 million.
Analysis: After the Binance Hack, Bitcoin Fell Only About 2%, Far Below the 26% Drop After FTX
21Shares has released an analysis report on the Binance hack, stating that on October 29, Binance suffered an attack of approximately $6.3 billion, of which about $3 billion in stolen assets have now been frozen, and Binance has committed to bearing all losses. Within 24 hours after the incident, Bitcoin fell slightly more than 2%, significantly lower than the roughly 26% decline Bitcoin experienced after the FTX incident in November 2022. 221Shares emphasized that this incident was a security breach affecting Binance as a single company, and that the Bitcoin network itself was not attacked. Binance stated that it will cover all losses through the SAFU fund and corporate funds. Calculated at a Bitcoin price of approximately $78,509, the 15,000 BTC held by the SAFU fund is worth about $1.18 billion, which can cover about 36% of the losses on unfrozen assets, with the remaining portion to be borne by corporate funds. The report also mentioned that Chainalysis has high confidence that the attack is linked to North Korea, but Binance and government agencies have not yet officially confirmed the attribution.In addition, 21Shares stated that the assets of its physically backed ETPs and ETFs are held in cold storage by third-party custodians such as BitGo, Coinbase Custody, Anchorage Digital, and Zodia Custody, and are not kept in exchange accounts. Therefore, they were not affected by this incident, and all of the company's products are trading normally.
PHP Foundation acknowledges "structural failure" led to delayed critical vulnerability fixes, with multiple government websites going offline as a precaution.
According to Cointelegraph, the PHP Foundation admitted that a critical security vulnerability discovered as early as 2024 has yet to be patched due to flawed decision-making processes and understaffing within the security team, calling the delay a structural failure. The vulnerability could allow unauthenticated attackers to remotely execute code on affected servers. On August 11, security firm Calif and OpenAI independently reported the same issue, with Calif also demonstrating unconditional remote code execution, prompting the matter to be elevated to the highest security priority. PHP released emergency patches for two related critical vulnerabilities on Wednesday. Around the time of the patch release, government websites or services in the Netherlands, Finland, France, Germany, and Australia were temporarily taken offline, with the Netherlands shutting down its digital identity service. The Wikimedia Foundation also took some supporting services offline, causing disruptions to certain Wikipedia features. Japanese Prime Minister Sanae Takaichi called on website operators to install the patches as soon as possible. In the crypto sector, monitoring by SlowMist's MistEye service found that out of 1,488 evaluated domains, 793 showed direct PHP fingerprints. Cardano governance organization Intersect temporarily took its member portal offline. Both Coinbase and BitGo stated that their platforms were unaffected. Binance co-founder Changpeng Zhao advised users to exercise extreme caution when visiting websites over the next few days. PHP security team
PHP Foundation Admits Structural Failures, Critical Security Vulnerability Fixes Delayed
Odaily reports: The PHP Foundation has stated that due to hesitant decision-making and insufficient resources, remediation work for a critical security vulnerability first discovered in 2024 stalled and restarted multiple times, and it characterized the delay as a "structural failure." PHP is a programming language widely used for websites and web applications.PHP has released emergency patches for two related critical vulnerabilities. Unauthenticated attackers could exploit the flaws to execute code on affected servers without logging in. Some government websites or online services in the Netherlands, Finland, France, Germany, and Australia were temporarily taken offline to prepare for patch installation.Security firm Calif and OpenAI separately reported the same underlying issue on August 11, and Calif also demonstrated unconditional remote code execution. Blockchain security firm SlowMist investigated PHP usage in the crypto industry and found direct PHP fingerprints on 793 of the 1,488 domains it assessed.Intersect has temporarily closed its Members Area, Coinbase said it has not found any affected PHP instances, and digital asset infrastructure company BitGo said its platform was not affected. Binance co-founder Changpeng Zhao reminded users to exercise heightened caution when visiting websites recently, and OpenAI has released a Codex skill for checking for vulnerable PHP versions. (Cointelegraph)
Crypto Companies Send Joint Letter to AI Labs, Urging Access to Frontier Models for Bitcoin Developers
据 Cointelegraph 报道，比特币政策研究所（BPI）联合 Anchorage Digital、BitGo、Bitwise、Blockstream、Kraken、Ledger、MARA、Trezor 等多家加密机构，发布公开信敦促各大前沿 AI 实验室为比特币及开源软件开发者建立或扩展可信访问计划。 信中指出，Bitcoin Core 等开源维护者目前缺乏对 AI 实验室网络安全程序的访问渠道，被迫依赖能力较弱的开源模型，而比特币网络当前保护着逾 1 万亿美元资产，任何开源基础设施漏洞均可能危及用户毕生积蓄。BPI 同时披露，已收到多份报告显示包括潜在境外势力在内的复杂攻击者正借助先进 AI 能力持续发动攻击。
BitGo Switches Its $7.3B WBTC Cross-Chain Service Provider to Chainlink CCIP
: Crypto infrastructure company BitGo will switch its exclusive cross-chain service provider for $7.3 billion worth of WBTC from LayerZero to Chainlink CCIP. Following the $292 million cross-chain bridge exploit at Kelp, multiple projects have announced migrations from LayerZero to Chainlink, with disclosed migration volumes totaling $14.5 billion. BitGo will use CCIP for future assets while retaining control over token contracts, rate limits, and transfer settings.
BitGo CEO Issues Public Challenge to Anthropic, Claims 100 BTC Deposited in Public Address
BitGo CEO Mike Belshe posted on social media stating that rather than hyping the narrative of "creating a hacker monster," it is better to conduct real verification. He stated that he has deposited 100 Bitcoins into a BitGo wallet, made the wallet address public, and issued a public challenge to Anthropic.
Analysis: After the Binance Hack, Bitcoin Fell Only About 2%, Far Below the 26% Drop After FTX
21Shares has released an analysis report on the Binance hack, stating that on October 29, Binance suffered an attack of approximately $6.3 billion, of which about $3 billion in stolen assets have now been frozen, and Binance has committed to bearing all losses. Within 24 hours after the incident, Bitcoin fell slightly more than 2%, significantly lower than the roughly 26% decline Bitcoin experienced after the FTX incident in November 2022. 221Shares emphasized that this incident was a security breach affecting Binance as a single company, and that the Bitcoin network itself was not attacked. Binance stated that it will cover all losses through the SAFU fund and corporate funds. Calculated at a Bitcoin price of approximately $78,509, the 15,000 BTC held by the SAFU fund is worth about $1.18 billion, which can cover about 36% of the losses on unfrozen assets, with the remaining portion to be borne by corporate funds. The report also mentioned that Chainalysis has high confidence that the attack is linked to North Korea, but Binance and government agencies have not yet officially confirmed the attribution.In addition, 21Shares stated that the assets of its physically backed ETPs and ETFs are held in cold storage by third-party custodians such as BitGo, Coinbase Custody, Anchorage Digital, and Zodia Custody, and are not kept in exchange accounts. Therefore, they were not affected by this incident, and all of the company's products are trading normally.
Institutional Validator Launches as Jupiter Partners with BitGo
Jupiter has partnered with BitGo to launch an institutional-focused validator, allowing BitGo's institutional clients to stake SOL directly through their existing custody accounts using Jupiter.
PHP Foundation acknowledges "structural failure" led to delayed critical vulnerability fixes, with multiple government websites going offline as a precaution.
According to Cointelegraph, the PHP Foundation admitted that a critical security vulnerability discovered as early as 2024 has yet to be patched due to flawed decision-making processes and understaffing within the security team, calling the delay a structural failure. The vulnerability could allow unauthenticated attackers to remotely execute code on affected servers. On August 11, security firm Calif and OpenAI independently reported the same issue, with Calif also demonstrating unconditional remote code execution, prompting the matter to be elevated to the highest security priority. PHP released emergency patches for two related critical vulnerabilities on Wednesday. Around the time of the patch release, government websites or services in the Netherlands, Finland, France, Germany, and Australia were temporarily taken offline, with the Netherlands shutting down its digital identity service. The Wikimedia Foundation also took some supporting services offline, causing disruptions to certain Wikipedia features. Japanese Prime Minister Sanae Takaichi called on website operators to install the patches as soon as possible. In the crypto sector, monitoring by SlowMist's MistEye service found that out of 1,488 evaluated domains, 793 showed direct PHP fingerprints. Cardano governance organization Intersect temporarily took its member portal offline. Both Coinbase and BitGo stated that their platforms were unaffected. Binance co-founder Changpeng Zhao advised users to exercise extreme caution when visiting websites over the next few days. PHP security team
PHP Foundation Admits Structural Failures, Critical Security Vulnerability Fixes Delayed
Odaily reports: The PHP Foundation has stated that due to hesitant decision-making and insufficient resources, remediation work for a critical security vulnerability first discovered in 2024 stalled and restarted multiple times, and it characterized the delay as a "structural failure." PHP is a programming language widely used for websites and web applications.PHP has released emergency patches for two related critical vulnerabilities. Unauthenticated attackers could exploit the flaws to execute code on affected servers without logging in. Some government websites or online services in the Netherlands, Finland, France, Germany, and Australia were temporarily taken offline to prepare for patch installation.Security firm Calif and OpenAI separately reported the same underlying issue on August 11, and Calif also demonstrated unconditional remote code execution. Blockchain security firm SlowMist investigated PHP usage in the crypto industry and found direct PHP fingerprints on 793 of the 1,488 domains it assessed.Intersect has temporarily closed its Members Area, Coinbase said it has not found any affected PHP instances, and digital asset infrastructure company BitGo said its platform was not affected. Binance co-founder Changpeng Zhao reminded users to exercise heightened caution when visiting websites recently, and OpenAI has released a Codex skill for checking for vulnerable PHP versions. (Cointelegraph)
$100M Bitcoin-backed Collateral Integrated into Dolomite, BTCcx Borrowing Enabled
Odaily reports: Decentralized trading and lending platform Dolomite has announced that, through Concrete's BTCcx infrastructure, it has integrated $100 million in Bitcoin-backed collateral into its on-chain lending market and has enabled borrowing functionality based on this collateral. BTCcx is an on-chain token issued and managed by Concrete, representing underlying Bitcoin held in qualified custody by BitGo, deployed on the Ethereum network. Concrete is responsible for the issuance and full lifecycle management of BTCcx and provides it as collateral to Dolomite's actively managed borrowing positions, allowing borrowing to be completed without the need to sell or move the underlying Bitcoin out of custody in advance. Following WLFIcx, this deployment expands the collaboration between Concrete and Dolomite from WLFI to Bitcoin and brings Bitcoin assets into Dolomite's lending market through the AssetCX architecture.
Evernorth Partners with Ripple, Kraken, Coinbase, and BitGo to Deploy $648 Million XRP Treasury
According to The Block, XRP treasury company Evernorth (Nasdaq: XRPN) has announced partnerships with Ripple, Kraken, Coinbase, and BitGo, with plans to launch an institutional-grade XRP deployment strategy in Q4 2026. The firm currently holds 473 million XRP, valued at approximately $648 million, and aims to boost per-share ownership through active treasury management rather than passive accumulation. Spearheaded by Hugo Jeandesboz, former co-head of investment at Coinbase Asset Management, the initiative will later expand to lending and on-chain DeFi strategies on the XRP Ledger.
Related news
Analysis: After the Binance Hack, Bitcoin Fell Only About 2%, Far Below the 26% Drop After FTX
21Shares has released an analysis report on the Binance hack, stating that on October 29, Binance suffered an attack of approximately $6.3 billion, of which about $3 billion in stolen assets have now been frozen, and Binance has committed to bearing all losses. Within 24 hours after the incident, Bitcoin fell slightly more than 2%, significantly lower than the roughly 26% decline Bitcoin experienced after the FTX incident in November 2022. 221Shares emphasized that this incident was a security breach affecting Binance as a single company, and that the Bitcoin network itself was not attacked. Binance stated that it will cover all losses through the SAFU fund and corporate funds. Calculated at a Bitcoin price of approximately $78,509, the 15,000 BTC held by the SAFU fund is worth about $1.18 billion, which can cover about 36% of the losses on unfrozen assets, with the remaining portion to be borne by corporate funds. The report also mentioned that Chainalysis has high confidence that the attack is linked to North Korea, but Binance and government agencies have not yet officially confirmed the attribution.In addition, 21Shares stated that the assets of its physically backed ETPs and ETFs are held in cold storage by third-party custodians such as BitGo, Coinbase Custody, Anchorage Digital, and Zodia Custody, and are not kept in exchange accounts. Therefore, they were not affected by this incident, and all of the company's products are trading normally.
Institutional Validator Launches as Jupiter Partners with BitGo
Jupiter has partnered with BitGo to launch an institutional-focused validator, allowing BitGo's institutional clients to stake SOL directly through their existing custody accounts using Jupiter.
Worth $80.66 million, MARA Holdings transfers 1,000 Bitcoin to BitGo
According to Lookonchain monitoring, MARA Holdings (@MARA) transferred 1,000 Bitcoin, worth $80.66 million, to BitGo 9 hours ago.
A whale bought $42.3 million worth of crypto assets from BitGo within 1 hour
Odaily reports: According to Onchain Lens monitoring, a whale bought the following tokens from BitGo in the past hour, with a total value of approximately $42.3 million: 14,600 ETH, worth about $34.24 million; 415,690 LINK, worth about $4.81 million; 16,570 AAVE, worth about $2.23 million; 144,840 UNI, worth about $1.02 million.
Approved to operate a national trust bank, Ripple joins the ranks of Circle and others
A Fox Business crypto reporter posted on X that Ripple has received full approval from the U.S. Office of the Comptroller of the Currency (OCC) to operate as a national trust bank, joining the ranks of Circle, BitGo, and Fidelity Digital Assets.
$10.31M USD1 Transferred to BitGo, Cumberland May Use It for OTC Trading
According to Onchain Lens monitoring, Cumberland (0x83B...Fc2e4) transferred 10.31 million USD1 to BitGo, worth approximately $10.3 million, possibly for over-the-counter (OTC) trading.