Business – Page 88 – PK Press Club

Trump Media’s Q1 Loss Widens to $406 Million on Bitcoin, CRO Markdowns

Trump Media & Technology Group (DJT) reported a first-quarter net loss of $405.9 million on revenue of $871,200, up from $31.7 million a year earlier, as unrealized losses on its crypto holdings weighed on results. Truth Social’s parent company recorded $244 million in unrealized losses on its cryptocurrency holdings. It also recorded an investment loss […]

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Sports betting should be regulated as a financial product and not a game of chance, says an aspiring predictions market provider.

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MIAMI BEACH, Fla. — Sports betting should be regulated as a federal financial product rather than a state-licensed casino product, two panelists said Thursday. At Consensus Miami 2026, Jacob Fortinsky, co-founder and CEO of sports betting platform Novig, said the old sports betting model is structurally broken because it treats winning bettors like cheaters. “Sports

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It May Be Too Late for Bitcoin Quantum Migration, Says Project Eleven Report

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More than $3 trillion in digital assets could become vulnerable to theft within four to seven years, according to a new report from Project Eleven.. Project Eleven focuses on post-quantum security and digital asset migration and recently announced a collaboration with the Solana Foundation to prepare its network against the threat of quantum computing. “The

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Users in emerging markets treat crypto exchanges like banking apps, says Binance

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Emerging markets accounted for 77% of Binance users in 2026, up from 49% in 2020, as users in these countries increasingly used the exchange for savings, payments and access to investments, the exchange said. Binance Research’s latest report frames crypto adoption as a financial access story rather than a business story. Binance said that 83%

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How DeFi is changing the financial landscape for Latin Americans

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For decades, Latin Americans have lived with financial constraints that citizens of more developed economies rarely think about: periodic currency devaluations, inflationary shocks, limited access to credit, and banking systems that often fail to reward savers. A new level of innovation is reshaping the region’s financial landscape. Decentralized finance – DeFi – is quietly moving

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Crypto Wallets Are Being Rebuilt for AI Agents, Trust Wallet and Mesh Executives Tell Consensus Miami

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MIAMI BEACH, Fla. — Crypto wallets are being rebuilt for AI agents, executives at Trust Wallet and Mesh said Thursday, as the companies race to give autonomous software a way to hold value, prove identity and transact on-chain. Speaking to CoinDesk Miami, Arjun Mukherjee, chief technology officer at Mesh, said the change was due to

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Arbitrator Approves Release of $71 Million in ETH Despite US Seizure Fight

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Arbitration delegates expressed support, in a non-binding sentiment check, for a project to release $71 million worth of ether frozen after the Lazarus-linked rsETH exploit last month, amid an active legal battle in the United States over ownership of the funds. The first phase of the temperature check, which closed Friday afternoon Hong Kong time

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Judge allows Aave to transfer $71 million in ETH linked to North Korea hack

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A federal judge in Manhattan has cleared the way for Aave’s recovery efforts after the North Korea-linked rsETH exploit last month, allowing the transfer of $71 million in frozen ether out of Arbitrum while preserving the legal rights of victims of North Korean terrorism to the funds. In a two-page order issued Friday evening US

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Senate Banking Committee plans to hold hearing on Clarity Act Thursday

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The Senate Banking Committee plans to hold its long-awaited markup hearing for the Digital Asset Market Clarity Act of 2025 (otherwise known as the Clarity Act) on Thursday, May 14 at 10:30 a.m. The Clarity Act was largely in limbo after Coinbase CEO Brian Armstrong announced that the exchange was withdrawing support for the stablecoin

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Coinbase (COIN) Rebounds 10%, Solana, LINK and SUI Outperform as Bitcoin (BTC) Holds $80,000

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As bitcoin holds above $80,000 and stocks hit new record highs, risk appetite spread deeper into crypto markets on Friday, lifting altcoins and blockchain infrastructure plays. Solana (SOL), Chain Link LINK$10:30 a.m., ISU$1.0217 And POINT$1.3784 rose about 5%, while Near Protocol (NEAR) and Uniswap (UNI) gained about 7%. Internet Computer Protocol’s ICP jumped nearly 12%,

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