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Dragonfly Capital invests $10M in Bitget amid industry recovery

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The exchange currently facilitates cryptocurrency derivatives trading with an open interest of $2.4 billion and has plans to expand its spot trading, launchpad and Bitget Earn products.

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Coin Market

BitGo posts wider Q1 loss despite revenue more than doubling

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BitGo’s headline revenue figure doubled year-over-year to $3.8 billion, but a Bitcoin price decline and IPO-related costs pushed net losses to $60.7 million in the first quarter.

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Coin Market

NY judge pushes back hearing for Aave’s bid to unfreeze $71M in ETH

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A New York judge has ordered supplemental briefings because Aave did not adequately outline how compounding losses could occur if the restraining notice remains in place.

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Trump’s White House weighs 250 pardons to celebrate America’s 250th birthday

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One of the developers behind the crypto-mixing protocol Samourai Wallet has publicly expressed hopes for a pardon, along with FTX founder Sam Bankman-Fried.

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