MarketsTrump Media: $406M Loss in Q1 2026 After Bitcoin Bet
Trump Media & Technology Group posted a $405.9M net loss in Q1 2026. Nearly $370M came from unrealized losses on Bitcoin and equity holdings.
MarketsTrump Media & Technology Group posted a $405.9M net loss in Q1 2026. Nearly $370M came from unrealized losses on Bitcoin and equity holdings.
MiningFoundry (30% hashrate), AntPool (17.7%) and five others joined Stratum V2. Next Bitcoin difficulty adjustment: May 15, 2026. Up to 20% of miners at breakeven.
StablecoinsECB President Lagarde rejected euro stablecoins as Europe's answer to dollar dominance. The ECB backs tokenized infrastructure anchored to central bank money.
MiningBitcoin miner IREN and Nvidia announced a $3.4B cloud GPU deal and 5 GW AI infrastructure plan. IREN shares jumped 26% after the announcement.
MarketsCoinbase reported a $394.1M net loss in Q1 2026, missing revenue estimates by $90M. Transaction revenue fell 40% year over year, shares down 4.7% after hours.
MarketsKalshi raised $1 billion at a $22 billion valuation in its Series F, led by Coatue with a16z, Sequoia, and Morgan Stanley. Revenue run rate topped $1.5 billion.
StablecoinsPayward agreed to buy Hong Kong's Reap Technologies for up to $600M, adding card issuance and stablecoin payments to its B2B platform.
InstitutionalJPMorgan and Mastercard completed the first cross-border tokenized US Treasury settlement on XRP Ledger with Ondo Finance and Ripple, using Kinexys.
InstitutionalMorgan Stanley rolled out a crypto trading pilot on E*Trade at 50 bps per trade, below Coinbase, Robinhood and Schwab. 8.6M clients get access in 2026.