News linked to both this project and an event.
Odaily报道 The Digital Chamber, a crypto industry group, has responded to Senator Elizabeth Warren’s questions regarding recent approvals of OCC national trust charters, stating that her claim of crypto companies receiving "improper approvals" is unfounded.Earlier, Warren sent a letter to the Office of the Comptroller of the Currency (OCC), arguing that recent approvals granted to digital asset companies such as Ripple, Circle, Paxos, Fidelity, BitGo, and Coinbase may violate the National Bank Act and fail to adhere to the same regulatory standards applied to traditional banks.The Digital Chamber stated that the OCC has the authority to grant national trust charters to qualified institutions, and that such arrangements do not equate to relaxed oversight. Representing over 250 crypto-related entities, the organization believes these charters help integrate digital asset services into a clearer federal regulatory framework.
: Galaxy Digital founder Mike Novogratz testified in the Delaware Court of Chancery that the U.S. Securities and Exchange Commission (SEC) made it very difficult for the company to proceed with the planned $1.2 billion merger with BitGo in 2021. The merger was the largest cryptocurrency merger plan at the time. Galaxy Digital canceled the deal in August 2022, and BitGo subsequently demanded a $100 million termination fee from Galaxy Digital.Mike Novogratz stated that regulatory approval was unlikely to be achieved, and BitGo failed to provide the required financial information on time, thus forfeiting its right to the $100 million termination fee. BitGo CEO Mike Belshe, however, said BitGo had provided all necessary information. The trial is currently expected to conclude this week, and the judge will decide whether BitGo is entitled to the $100 million fee. (Cointelegraph)
Galaxy Digital founder Michael Novogratz and BitGo CEO Mike Belshe are currently litigating over the failed $1.2 billion merger deal from four years ago.According to reports, the transaction was originally intended to take the combined company public on Nasdaq, but was later terminated due to adjustments in SEC accounting guidance and market liquidity crises triggered by the Terra/Luna collapse.BitGo is demanding that Galaxy pay at least $100 million in termination fees, and accuses Galaxy of failing to take reasonable steps to advance the transaction while concealing details of an investigation by U.S. regulators. In response, Novogratz stated that Galaxy was not the subject of the investigation, and argued that BitGo has lost its eligibility to claim the termination fee for failing to submit required financial statements on time. (Bloomberg)
According to Bloomberg, Michael Novogratz, founder and billionaire CEO of Galaxy Digital, faced off in court this week against Mike Belshe, CEO of BitGo Holdings, in a four-year-long merger dispute. BitGo is seeking at least $100 million in breach-of-contract damages from Galaxy, stemming from Galaxy’s $1.2 billion acquisition proposal for BitGo in 2021—the largest deal in cryptocurrency industry history at the time—which ultimately collapsed amid the crypto market downturn. BitGo alleges that Galaxy failed to use reasonable efforts to consummate the transaction and concealed material details regarding U.S. regulatory investigations into Galaxy—investigations that could have significantly impacted the merger’s completion.
C1 Fund, a closed-end fund listed on the New York Stock Exchange, has released its Q4 and full-year financial reports for 2025. Its digital asset private investment strategy continues to expand, with portfolio optimization and liquidity events advancing simultaneously.As of the end of 2025, CFND's digital asset infrastructure investment portfolio includes industry-leading companies such as Alchemy, Blockchain.com, Chainalysis, Consensys, Figment, Kraken, and Ripple, covering core sectors including blockchain development, compliance analytics, trading platforms, and cross-border payments. In 2025, the fund made new investments exceeding $10.47 million in projects like BitGo, Fireblocks, and Polymarket (Blockratize Inc.), and completed additional allocations to holdings such as Ripple, further strengthening its deployment depth in the digital asset infrastructure space. (Businesswire)