CeFi

Revenue jumped 80%, but trading and staking margins weakened as BitGo targeted $15 million in annualized savings following June layoffs.

The crypto asset manager reduced headcount to about 155 from 180, while its BITW index fund ended June with $532.8 million in net assets, down from $1.03 billion at year-end.

The purchase, eToro's third acquisition signed this year, is not expected to close until the first half of 2027 and needs regulatory approvals for a broker-dealer whose chief executive settled SEC charges in 2022.

New Market Trading has named Ajdin Kahrović as Chief Technology Officer on the same day the onchain wealth management firm opened publicly to new clients. Kahrović previously architected defi.app and will lead all engineering, the technical roadmap, and platform security.

The company raised its USD Reserve to $4.0 billion from $3.0 billion three weeks earlier, funding the increase with $250 million from the sale of 3,011,361 MSTR shares.

Coinbase's Q2 filings show sequencer revenue from Base declined even as stablecoin transaction volume on the network grew sevenfold year-over-year.

A year after going live, Performa added a non-custodial layer, fiat settlement and faster self-service onboarding to its finance ops platform, along with a wider pricing model for businesses operating across digital assets and fiat currencies.

The embedded-wallet pioneer is rebranding as Newton Labs to focus on an onchain authorization layer that vets transactions against policy before they settle.

The exchange gave no specific reason for the closure, and its BMX token fell about 59% in 24 hours after the announcement.

A proposed class action landed in New York federal court the same day BitMEX announced it will close on Sept. 23, reviving allegations the exchange pocketed customer collateral.good job I as