Crypto World
Australia Crypto Investors Face Higher Taxes Under Proposed CGT Rules
Australia’s proposed changes to capital gains tax could lead to smaller profits for cryptocurrency traders, especially low-income earners, and could discourage “patient investing,” according to several crypto executives.
The proposed reform, announced by the ruling Labor Party on Tuesday as part of its fiscal year 2027 budget, will bring in a minimum 30% tax on capital gains and scrap the 50% capital gains tax discount on assets held for more than 12 months.
Robin Singh, CEO and founder of crypto tax platform Koinly, told Cointelegraph the proposed changes are a mixed bag: The new system “theoretically” protects investors from being taxed on purely inflationary gains, but in practice, most crypto investors will pay more tax, with low-income earners hit the hardest.
“A lower-income earner who would have paid around $3,800 under the old rules, 19% on a $20,000 discounted gain, will pay $10,200 under the new ones. That’s nearly triple. For students, part-time workers and anyone without significant other income, this is the biggest shift,” Singh added.
Many investors, particularly Gen Z and Millennials, have seen crypto as a way to create wealth and long-term financial well-being. The new tax changes could impact that notion. A 2025 report from crypto exchange Independent Reserve found that 30% of people were investing in crypto to diversify their portfolio, while 25% were trading to get rich.
“For retail and mid-sized holders, the hodl tax incentive is effectively gone. Crypto has historically grown much faster than inflation, so the inflation adjustment doesn’t come close to offsetting the loss of the 50% discount. With no tax reward for sitting on positions, expect more frequent trading and shorter holding periods.”
A quarter of people are trading crypto to get rich. Source: Independent Reserve
“That said, the market has always adapted. Investors will rework their strategies, advisors will rework their advice, and the dust will settle,” Singh added.
Crypto trader behavior will likely shift
Jonathon Miller, the Australian general manager for crypto exchange Kraken, agreed that the changes will make long-term crypto holding less attractive.
Source: Crypto Tax Made Easy
“The bigger risk is that reducing the benefit of long-term holding makes patient investing less attractive, particularly in a market where assets can be traded around the clock. That could push some investors toward shorter-term behavior, which is not necessarily the best strategy for long-term wealth building,” Miller said.
“The sector will continue to mature, but policy settings can influence whether that maturity is built around long-term confidence or shorter-term activity.”
Andrea Yuen, the co-CEO of Australian crypto trading platform Swyftx, said the tax changes could prompt crypto traders to shift to other avenues for long-term wealth creation.
“The change is likely to act as a catalyst for patient capital over the next few years. We expect a significant trend toward crypto allocations within retirement portfolios and self-managed super funds. Investors are essentially being incentivized toward structured, long-term wealth creation,” Yuen added.
Related: Coinbase launches crypto service for Australian retirement funds
Australian crypto exchange BTC Markets reported in its Investor Study Report that SMSF registrations increased 69% year-on-year during the 2024–2025 financial year.
New CGT rules need to pass through Parliament
The Australian government has argued that the changes will curb investor appetite for property purchases because, without tax incentives, property is less attractive as an investment and that could free up supply.
The new measures will apply only to gains accrued after July 1, 2027, and new homes are exempt. Critics argue that it will instead push up housing prices, stifle investment, impact business and add pressure to the new housing supply, The Australian reported on Friday.
The tax reforms will still need to pass through the Australian Parliament. Angus Taylor, the leader of Australia’s other major political party, the Liberals, has reportedly vowed to oppose the measures and repeal them if they form government after the next federal election in 2028.
Source: Pete Wargent
The Labor Party will also need to get the tax reforms through the House of Representatives, with 76 votes required to pass, and through the Senate with 39 votes. Labor holds 94 seats in the House and 30 in the Senate.
Magazine: eToro founder timed Bitcoin top perfectly due to belief in 4 year cycles
The national flags of the United States and China hang in front of the portrait of late communist leader Mao Zedong at Tiananmen Gate in Beijing on May 15, 2026.
Brendan Smialowski | Afp | Getty Images
BEIJING — U.S. President Donald Trump’s closely watched visit to China this week has gone a long way toward strengthening a fragile trade truce with Beijing and stabilizing the bilateral relationship.
While the visit was delayed by more than a month due to the Iran war, Trump’s two-day summit with Chinese President Xi Jinping wrapped up Friday with plans for another meeting this fall.
Here’s what’s changed since the leaders met:
U.S.-China geopolitical alignment
Xi’s warning to Trump that mishandling Taiwan would put the U.S.-China relationship into “great jeopardy,” according to official English-language state media, dominated headlines at the start of talks.
Oil prices also rose after Trump told Fox News in a pre-recorded interview that China has agreed to buy U.S. oil and would help with Iran negotiations. He did not reveal when purchases would begin or at what volume.
China has yet to confirm plans to buy U.S. oil, while Washington has yet to say anything on Taiwan.
“I do think each side has delivered. There was no substantive discussion on Taiwan, though, which is not surprising,” said Yue Su, principal economist, China, at the Economist Intelligence Unit. “More discussion on Iran highlighted that they do have common ground. The fact that both sides want to describe the meeting as a win shows goodwill, at least.”
“There are limits to what China can realistically do, as the Iranian regime is operating in survival mode and will prioritize its own interests and agenda above all else,” she said.
Trade truce holds
The U.S. and Chinese sides have not yet released details on specific agreements. But Trump’s invitation to Xi to visit the U.S. on Sept. 24 means the two leaders can talk in person again before the expiration of the one-year trade truce set in October 2025.
The agreement lowered tariffs and rolled back rare earths restrictions after an escalation in tensions between the two countries earlier in 2025.
Xi said the U.S. and China agreed to constructive “strategic stability” as a framework for the next three years, according to state media.
“Strategically, Beijing appears to be trying to turn Trump’s transactional willingness to stabilize ties into a longer-term operating framework for U.S.-China relations,” said Jack Lee, analyst at China Macro Group, noting the framework could become a baseline on dealing with Beijing for the next U.S. president.
Wins for business
Trump told Fox News that China will order 200 Boeing jets, which he said was more than the 150 units the company had expected. But that was less than half the 500 planes that many initially expected.
Nvidia also reportedly got the green light from the U.S. to sell its H200 chips to major Chinese companies, sending tech stocks higher.
Both Boeing CEO Kelly Ortberg and Nvidia CEO Jensen Huang accompanied Trump to Beijing. The executives and more than a dozen U.S. business leaders — including Apple CEO Tim Cook and Tesla’s Elon Musk — participated in a meeting Thursday with Chinese Premier Li Qiang.
Opening remarks and readouts offered no details beyond China’s pledge to open up its market further to foreign business, which has occurred gradually over recent decades.
The U.S. business delegation was far smaller than the more than 30 leaders that joined Trump on his trip to Saudi Arabia last year.
“I don’t think the purpose was to have every CEO sign a deal,” said Gary Dvorchak, Blueshirt Group managing director. “I think the purpose was just to kind of flex America’s muscles and just show from an economic standpoint what a powerhouse we are.”
“It also shows a high level of unity amongst the American government and private sectors,” he said.
Crypto World
Strategy’s STRC stock logs record $1.5 billion trading volume, funds 11,707 bitcoin purchase
Heavy trading volume ahead of the ex-dividend date pushed STRC to its busiest session on record.
Hyperliquid’s native token has stolen the show from the larger-cap alts, rocketing by over 20% at one point to its highest price level since last October at $47. On this impressive way up, the token added roughly $2 billion to its market capitalization and neared the top 10 alts by that metric.
Coinbase appears to be the most likely candidate for the biggest contributors to this surge after announcing that it had expanded support for USDC on Hyperliquid by becoming the official treasury deployer of the stablecoin under the DEX’s Aligned Quote Asset (AQA) framework.
21Shares’ HYPE ETF debuted earlier this week, which was also a positive development, while another one is set to launch today from Bitwise.
In addition, the US Senate Banking Committee voted to advance the Digital Asset Market Clarity Act, which gave the entire crypto market a notable price push.
The Warning Signs
Ali Martinez was among the first analysts to weigh in on HYPE’s massive surge. As he usually does, he based his X post on the TD Sequential, a metric used to determine whether the underlying asset has exhausted its move in either direction.
Martinez noted that the indicator had caught HYPE’s rebound from $22 to $44 over several months but has now flashed a major sell signal. It could lead to some profit-taking and perhaps drive the asset south to $36 or even $33.
Crypto Patel shared a similar opinion and warned traders to be wary of potentially getting “caught on the wrong side of HYPE.” The analyst believes that if the token fails to overcome $46, the roadmap looks quite painful:
$33 → First Meaningful Reaction
However, Patel added that if HYPE manages to break past $50, then this model will be invalidated, and they will flip their own view.
The 20/80 Ratio
Fellow analyst GA Crypto was also cautious, but also outlined a specific 20/80 ratio regarding HYPE’s potential to post a new all-time high. They noted that there’s a 20% chance of surging past $59, which was the peak reached last September, and an 80% probability “to go down and grab lower liquidity.”
They warned investors to be careful when interacting with tokens that have experienced such dramatic price increases in a relatively short time period.
The post Hyperliquid (HYPE) Explodes by 20% in a Day but Red Flags Appear appeared first on CryptoPotato.
Fundamental Background
UK GDP grew by 0.6% in the first quarter of 2026, notably above the revised 0.2% reading recorded in the fourth quarter of 2025. The main contribution came from the services sector, which expanded by 0.8%. Nevertheless, strong macroeconomic data failed to support sterling: CPI inflation accelerated to 3.3% year-on-year in March, up from 3.0% in February, mainly due to higher motor fuel prices linked to the Middle East conflict.
At its meeting on 30 April, the Bank of England kept the base rate unchanged at 3.75% in an 8–1 vote, while several MPC members signalled the possibility of further tightening should inflationary pressure persist. According to the International Monetary Fund, UK GDP growth in 2026 is expected to reach only 0.8%, representing the largest downgrade among G7 economies.
Technical Picture
From 6 April to 1 May, GBP/USD developed an upward trend supported by a rising trendline. As the pair approached the peak, price action became increasingly compressed, forming a reversal structure with a dense profile concentration in the 1.3480–1.3580 range amid growing selling pressure. After breaking below the trendline and moving outside the profile range, the pair accelerated lower.
GBP/USD is now trading below the horizontal volume zone, signalling continued seller dominance. The lower boundary of the profile, followed by the POC area at 1.3515–1.3520, serves as the nearest reference zone for buyers. If the pair regains the upper boundary of the profile at 1.3580, the next resistance level stands at 1.3650 near the trend highs.
Support around 1.3380 corresponds to the price extremes that preceded the April rally and acts as an important structural support area, which the pair has nearly reached. This limits the room for further downside within the current move.
The RSI + MAs indicator shows readings of 26, 38 and 43. The moving averages remain pointed lower, reflecting ongoing pressure. However, the RSI has already entered oversold territory, which should be taken into account.
Key Takeaways
Strong first-quarter GDP data has not eased concerns over inflation and monetary policy uncertainty, and this fundamental conflict is likely to determine the pair’s future direction. From a technical perspective, the main RSI + MAs reading has entered oversold territory, although there are still no clear signs of a reversal.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips (additional fees may apply). Open your FXOpen account now or learn more about trading forex with FXOpen.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
BitGo has partnered with Moon Inc. to support Bitcoin-powered card products across Asia.
Summary
- Moon selected BitGo Singapore to support Bitcoin-linked prepaid card products across Asia’s consumer markets.
- Hong Kong retail stores and Moon’s online shop will carry prepaid Bitcoin gift cards this month.
- The deal follows BitGo’s Q1 revenue growth and rising demand for regulated crypto infrastructure.
The deal uses BitGo Singapore, a Monetary Authority of Singapore-regulated entity, as the infrastructure layer for Moon’s bitcoin-linked consumer card products.
Moon will start with prepaid Bitcoin gift cards. The cards are set to reach Hong Kong retail stores and Moon’s online store this month. BusinessWire said the program has already processed multiple wholesale transactions since launch.
Moon targets Hong Kong and wider Asia
Moon Inc. is listed in Hong Kong and has nearly 30 years of experience in prepaid distribution. Its business has included SIM cards and stored-value payment cards across Asia.
The company has also built a Bitcoin reserve and now plans to expand its card distribution footprint. The stated target markets include Japan, Thailand, South Korea, Taiwan and other Asian regions.
Meanwhile, Moon said it reviewed custody providers based on security architecture, API depth and scale. Moon COO Russ Jacobsen said “BitGo’s biometric multi-signature infrastructure, batch transaction capabilities, and securing billions in digital assets made them the clear choice.”
BitGo APAC head Abel Seow said Moon is integrating digital assets into consumer finance in Asia. He added that BitGo’s infrastructure is designed to support institutions as they enter their next phase of growth.
BitGo expands after Q1 revenue growth
The Moon partnership comes after BitGo reported $3.77 billion in first-quarter revenue, up 112.6% from one year earlier. The company’s net loss widened to $60.7 million, with Bitcoin treasury marks and post-IPO compensation costs weighing on results.
Market updates also show BitGo building new revenue lines. Crypto.news reported that its Stablecoin-as-a-Service revenue rose 43.6% from the prior quarter to $38.2 million, while the company also launched derivatives services during Q1.
Hong Kong payment activity grows
The deal also fits a wider push into Asia-based crypto payment infrastructure. Separate coverage noted that Kraken parent Payward agreed to buy Hong Kong-based Reap Technologies for up to $600 million, adding card issuance and stablecoin payment tools to its business platform.
BitGo has also been active in institutional custody. Crypto.news reported in April that OKX added BitGo’s Off-Exchange Settlement platform for U.S. institutional clients, allowing firms to trade while keeping assets in BitGo cold custody.
Bitget said commitments for its OpenAI-linked preOPAI sale on IPO Prime passed $100 million before the subscription window closed on May 15 at 8:00 UTC.
Summary
- Bitget said OpenAI-linked preOPAI commitments passed $100 million before the May 15 subscription deadline.
- Crypto.news earlier noted preOPAI offers OpenAI-linked exposure but does not represent direct company equity.
- Bitget’s own terms say OpenAI has not endorsed, approved or authorized the preOPAI product.
The product gives eligible users exposure tied to OpenAI’s possible future public listing.
The exchange listed preOPAI as the second project on IPO Prime. Earlier crypto.news coverage said the sale opened on May 12, with preOPAI priced at $725 per token. It also noted that the product gives OpenAI-linked exposure but does not represent direct company equity.
How the preOPAI sale works
Bitget’s support page says preOPAI was issued by Republic and designed to mirror OpenAI’s economic performance after a future public listing. The product used USDT or USDGO for commitments, with a $100 minimum and a $300 million total commit cap.
The IPO Prime timeline listed May 12 to May 15 as the commitment period. Distribution was scheduled for May 15 between 8:00 UTC and 12:00 UTC, with spot trading set to start at 14:00 UTC on the same day.
Moreover, Bitget’s own guide says preOPAI is not a direct investment in OpenAI. It also says there is no legal relationship between preOPAI and OpenAI, and that OpenAI has not endorsed, approved or authorized the product.
The same guide warns that IPO Prime products carry risks. These include changes in the underlying company’s valuation, the chance that a public listing or other event does not happen, and secondary market liquidity risk.
Tokenized pre-IPO access gains attention
The preOPAI launch follows Bitget’s earlier preSPAX product linked to SpaceX. Bitget said preSPAX drew more than 13,000 subscribed users and $171 million in commitment value at the time of publication.
Market updates have also shown wider interest in tokenized real-world assets. Crypto.news reported in 2025 that Bitget and Bitget Wallet launched trading for more than 100 tokenized U.S. stocks and ETFs through Ondo, including names such as Apple, Tesla and Nvidia.
AI exposure remains the main draw
OpenAI remains one of the most watched private AI companies. Crypto.news recently reported that more than 600 OpenAI employees sold shares in a $6.6 billion secondary sale, showing strong private-market demand for AI-linked equity exposure.
The preOPAI sale now brings that demand into a crypto exchange format. The product may appeal to users seeking exposure to future AI listings, but its structure differs from owning OpenAI shares directly. That distinction remains central for investors watching the sale.
Ripple CTO Emeritus David Schwartz has explained how XRP Ledger uses the Negative Unique Node List to handle validator failures.
Summary
- Schwartz said XRPL’s Negative UNL helps the network keep moving when trusted validators go offline.
- The mechanism can ignore failed validations without removing a validator’s wider role in network decisions.
- The debate comes as XRPL adds lending tools, security upgrades and wider XRP market activity.
The discussion followed fresh debate over XRPL’s architecture after Charles Hoskinson called the design “very elegant.”
Schwartz said XRPL needs a validator set that includes reliable operators and smaller independent participants. The issue is that large firms often have stronger uptime because they can pay for better servers and support teams.
Meanwhile, the Negative UNL is a list of trusted validators believed to be offline or not working properly. XRPL.org says the remaining validators can agree to ignore those validators when deciding whether a new ledger has enough support.
The system does not remove the validator forever. If the validator comes back online and sends matching validation votes, it can be removed from the Negative UNL after a short period.
Smaller validators keep their voice
Schwartz said the key point is that the Negative UNL does not silence a validator’s wider role. A validator placed on the list may lose its active confirmation role during an outage, but it does not lose its voice in transaction ordering, fee voting or amendment voting.
XRPL’s own documentation says a UNL is the group of validators a server trusts not to collude. It also says each UNL entry should be an independent entity, including businesses, universities, organizations or individuals.
XRPL security remains part of wider updates
The debate comes as XRPL prepares more technical upgrades. Crypto.news reported that the ecosystem is working on native lending and programmable escrow tools aimed at expanding XRPL beyond payments and settlement.
Ripple is also planning a four-phase roadmap to make XRPL more resistant to future quantum risks by 2028. The plan includes 2026 testing, validator checks, custody prototypes and a final native amendment.
XRP market activity adds attention
The validator discussion also comes during a busy period for XRP. Crypto.news reported that XRP wallets holding at least 10,000 tokens reached a record 332,230, based on Santiment data shared on X.
Separate crypto.news coverage said XRP open interest on Binance rose to about $475.4 million, above its 30-day average. The same report placed XRP near the $1.45 to $1.50 resistance area watched by traders.
Key Highlights
- Partnership with Dongfeng secures electric vehicle manufacturing for Peugeot and Jeep brands beginning 2027.
- Pre-market trading shows STLA declining despite strategic China expansion announcement.
- Wuhan-based production facility will serve both Chinese domestic and international export markets.
- Agreement provides Stellantis enhanced access to China’s growing electric vehicle sector.
- Combined investment exceeds $1 billion for new electric Peugeot and Jeep vehicle development.
Stellantis unveiled a significant manufacturing alliance with Dongfeng Group as shares declined in early pre-market trading. This strategic partnership centers on electric vehicle production for both Peugeot and Jeep brands at Wuhan facilities beginning 2027. The collaboration represents a major step in the automaker’s push into China’s competitive electric vehicle landscape.
Strategic Alliance Builds on Decades of Cooperation
The automotive giant and Dongfeng Group formalized a strategic cooperation framework that expands their relationship spanning more than three decades. Under this arrangement, both parties will leverage shared manufacturing capabilities for Peugeot and Jeep vehicle lines throughout China. Additionally, they executed a non-binding memorandum exploring further collaborative opportunities.
This framework specifically targets Dongfeng Peugeot Citroën Automobile (DPCA). The joint venture controls the Wuhan manufacturing complex that will anchor the upcoming production initiative. Full implementation remains contingent upon finalized contracts and regulatory clearances.
The arrangement provides the European automaker an additional pathway for expansion within Chinese markets and beyond. Dongfeng contributes extensive local market knowledge, robust production infrastructure, and advanced electric powertrain technology. Both organizations seek to revitalize DPCA’s market position through this collaboration.
Electric Vehicle Manufacturing Timeline Set for 2027
DPCA will manufacture two entirely new Peugeot-branded electric vehicles at its Wuhan production complex. Manufacturing operations are scheduled to commence in 2027, pending necessary approvals and contractual finalization. These vehicles will serve both domestic Chinese consumers and carefully selected international markets.
The upcoming Peugeot models will incorporate styling elements previewed through concept vehicles displayed at the 2026 Beijing Auto Show. The automaker positions these offerings as critical components of Peugeot’s worldwide expansion strategy. Both vehicles will showcase the brand’s evolving design philosophy.
The manufacturing program additionally encompasses two Jeep-branded electric off-road vehicles. DPCA anticipates producing these models at the same Wuhan location starting 2027. The company intends to distribute these Jeep vehicles throughout worldwide markets.
Share Performance Weakens Following Announcement
STLA finished regular trading at $7.84, advancing 3.16% during the session. Nevertheless, shares retreated to $7.64 during pre-market hours. This movement represented a 2.55% pullback following an initial decline from approximately $7.75.
The manufacturing initiative encompasses total investment exceeding 8 billion Chinese yuan. That figure translates to approximately 1 billion euros according to company calculations. The European automaker anticipates contributing roughly 130 million euros toward the overall program.
The partnership receives backing from governmental authorities in Hubei province and Wuhan city. Consequently, this initiative synchronizes with China’s comprehensive strategy promoting electric vehicle manufacturing. For the multinational automaker, this agreement reinforces its Chinese market presence while broadening its worldwide electric vehicle portfolio.
- XRP surged to intraday highs near $1.55 on renewed optimism.
- Senate Banking Committee approved the Digital Asset Market Clarity Act in a 15-9 vote.
- XRP price could target a breakout as the market cheers the regulatory milestone.
XRP price rose to near $1.55 on Friday as the cryptocurrency market cheered the Senate Banking Committee’s passage of the Digital Asset Market Clarity Act.
Other crypto assets also notched gains, with Hyperlquid, Flare, and XDC Network leading the top 100 coins by market cap.
Bitcoin also reclaimed the $80,000 level, with intraday highs coming as major altcoins held key levels.
CLARITY Act approval buoys crypto
The US Senate Banking Committee approved the bipartisan Digital Asset Market Clarity Act in a 15-9 vote, marking a significant step toward comprehensive crypto market structure legislation.
The measure will now move to a procedural merger with a similar bill in the Senate Agriculture Committee, advancing the legislative pathway for federal regulation of digital assets.
Senate Banking Committee Chairman Tim Scott engineered a last-minute maneuver to accept amendments he had previously rejected, winning over two Democratic senators after several hours of partisan debate.
While the legislation addresses a range of market structure issues, lawmakers and stakeholders acknowledged outstanding questions.
These include provisions related to law enforcement access and ethics safeguards.
Market participants nonetheless received the vote as a positive signal, interpreting it as the first major bipartisan movement on crypto market structure in months and a reduction of regulatory uncertainty ahead of a full Senate consideration.
Why could XRP price explode?
Ripple’s token XRP has struggled to climb above $1.50 in recent weeks, but tested the level late Thursday with an intraday surge to near $1.55.
While this aligned with broader market gains, the uptick largely reflected exuberance from the “XRP Army”, which views the regulatory tailwind as a major boost to the cryptocurrency.
The cryptocurrency traded around $1.47 early Friday.
🚨 JUST IN: The CLARITY Act has officially cleared the U.S. Senate Banking Committee, pushing ripple:native one step deeper into the U.S. federal regulatory process. 🇺🇸
For ripple:native, what happens next:
1. The CLARITY Act now moves beyond the Senate Banking Committee and… https://t.co/VXiaHuH47o pic.twitter.com/r8HgVcSCBs
— RippleXity (@RippleXity) May 14, 2026
XRP’s retest of the $1.50 level comes amid signs of renewed whale accumulation, with on-chain data showing growth in large-wallet holdings and rising concentration among long-term holders.
On-chain data indicates that this cohort holds a combined 45.83 billion XRP tokens, the biggest haul since May 2018.
A more definitive market-structure framework could ease compliance burdens and encourage fresh adoption of Ripple’s payment solutions, a dynamic that might translate into accelerated demand for XRP.
Risk remains though, with the path to the final vote including further legislative negotiations and potential amendments that might delay enactment into law.
Changes could also dilute near-term benefits for market participants. Nevertheless, analysts view the regulatory backdrop as one that could support sharper price moves.
The token’s price was roughly 5% up in the past week, but it has witnessed a 20% drawdown year-to-date and hovers 61% from its all-time peak.
Bit Digital has reported lower first-quarter revenue and another steep quarterly loss as the Nasdaq-listed company continues redirecting capital from bitcoin mining into Ethereum staking and treasury operations.
Summary
- Bit Digital reported a $146.7 million net loss as revenue from ETH staking, cloud services, and crypto mining declined in Q1.
- The company held more than 154,000 ETH at the end of March while continuing to reduce exposure to bitcoin mining.
- Bit Digital said future capital deployment will continue focusing on Ethereum operations and infrastructure businesses.
According to Bit Digital’s earnings report released Thursday, first-quarter revenue came in at $27.9 million, down 13.6% from the final quarter of 2025, after weaker results across its cloud services, ETH staking, and crypto mining businesses.
Cloud services remained the company’s largest revenue segment at $16.8 million, though the figure slipped 13.1% quarter-on-quarter. Co-location services added another $4.8 million, while crypto mining revenue dropped 32.9% to $3.7 million after lower bitcoin production and softer BTC prices weighed on returns during the period.
Ethereum staking income also weakened. Bit Digital said staking revenue fell 29.4% from the previous quarter to $2.3 million as average ether prices declined and the amount of natively staked ETH decreased. During the quarter, the company moved nearly 70,000 ETH into liquid staking arrangements to preserve treasury flexibility.
At the same time, the company posted a net loss of $146.7 million for the quarter, improving from the $185.3 million loss recorded in Q4 2025. Bit Digital said non-cash mark-to-market adjustments tied to digital assets continued affecting earnings results.
Ethereum treasury strategy expands
By the end of March, Bit Digital held approximately 154,444 ETH, valued at roughly $327 million at the time, with an average acquisition cost of $3,045 per token, according to the earnings filing.
The latest treasury figure comes months after Bit Digital disclosed in November 2025 that its Ethereum holdings had climbed to roughly 153,547 ETH valued at around $590.5 million at the end of October. In that earlier update, the company said it acquired more than 31,000 ETH during the month while staking nearly 86% of its holdings to generate yield.
Back in June 2025, Bit Digital publicly confirmed it had started moving away from bitcoin mining in favor of an Ethereum-focused treasury and staking model. Chief Executive Officer Sam Tabar previously described Ethereum as a foundational settlement layer tied to tokenized real-world assets and stablecoin activity, contrasting it with bitcoin’s role primarily as a store of value.
Thursday’s report showed the company continuing along that path. Bit Digital stated that bitcoin mining still generates cash flow but no longer represents its primary expansion strategy, adding that future capital deployment would continue leaning toward Ethereum and infrastructure-related businesses.
Speaking in the earnings release, Tabar said the company believes it is positioned early around the intersection of artificial intelligence infrastructure and Ethereum-based financial rails. He pointed to WhiteFiber, Bit Digital AI’s high-performance computing subsidiary, alongside the company’s Ethereum treasury and staking operations as part of that thesis.
WhiteFiber previously raised nearly $160 million through an initial public offering in August 2025. As of March 31, Bit Digital held about 27 million WhiteFiber shares and retained majority ownership in the business.
Meanwhile, Ethereum prices remained under pressure during the quarter. Ether fell roughly 29% to $2,104 by March 31 before trading near $2,245 on Friday, according to pricing data cited in the report.
Investors reacted cautiously after the earnings release. Bit Digital shares declined 3.7% in after-hours trading on Thursday after gaining 4.9% during the regular session. Despite the pullback, the stock has still advanced 39% over the past month, although it remains down 7% across the last six months.
Sharna Burgess explains why she broke up with Sasha Farber over Skype before joining “Dancing With the Stars”
Pep Guardiola surprise, training switch, cramps – inside Man City FA Youth Cup final win
At Close of Business podcast May 15 2026
Manchester United reach agreement with Casemiro over contract clause amid transfer speculation
US brings back mandatory military draft registration
Steven Gerrard disagrees with Gary Neville over ‘shock’ Chelsea and Arsenal claim | Football
-
Fashion7 days agoWeekend Open Thread: Marianne Dress
-
Fashion4 days agoCoffee Break: Travel Steam Iron
-
Fashion4 days agoWhat to Know Before Buying a Curling Wand or Curling Iron
-
Tech5 days agoAuto Enthusiast Carves Functional Two-Stroke Engine from Solid Metal
-
Politics3 days agoWhat to expect when you’re expecting a budget
-
Business6 days agoIgnore market noise, India’s long-term story intact, say D-Street bulls Ramesh Damani and Sunil Singhania
-
Politics6 days agoPolitics Home Article | Starmer Enters The Danger Zone
-
Tech4 days agoGM Agrees To Pay $12.75 Million To Settle California Lawsuit Over Misuse Of Customers’ Driving Data
-
Crypto World6 days agoPROS explodes 48% as Upbit and Bithumb listings ignite demand
-
Crypto World5 days agoCZ says US crypto rivals tried to block Trump pardon
-
Tech3 days agoGM agrees to $12.75M California settlement over sale of drivers’ data
-
Entertainment7 days agoYNW Melly Denied Bond Again Ahead Of Double Murder Retrial
-
Crypto World6 days agoKraken Parent Seeks OCC Charter, Signaling Regulated Banking Access
-
Crypto World7 days ago
The Hantavirus Danger: Can a Potential Outbreak Spark a New Meme Coin Frenzy?
-
Sports7 days agoAfter Waka Waka, Shakira now drops first teaser for FIFA WC 2026 song | FIFA World Cup 2022
-
Crypto World6 days agoSolana UFO Meme Coins Surge After Pentagon Reveals Alien Files
-
Entertainment6 days agoBethenny Frankel Says She Loves ‘Torturing’ Men
-
Tech7 days agoThe Xperia 1 VIII leak finally gives Sony some swagger
-
Sports7 days agoWhy Nathan Mackinnon Remains the Hart Trophy Favourite over Connor McDavid and Nikita Kucherov | NHL
-
Crypto World2 days ago
Bitcoin Suisse expands with Digital Asset License and Investment Business Act Registration Approval in Bermuda
You must be logged in to post a comment Login