The U.S. Securities and Exchange Commission (SEC) agreed to dismiss a lawsuit against crypto exchange Gemini on Friday, tied to the company's defunct Earn product, saying the suit was no longer warranted. The SEC sued Gemini and Genesis Global Capital in 2023, alleging the companies had sold unregistered securities in the form of Gemini's yield-bearing Earn product. Investors had entrusted their funds to Gemini, which had loaned them to Genesis, which halted withdrawals after the 2022 FTX collapse and the ...

Crypto firm BitGo, the industry's first initial public offering of 2026, saw its share price drop nearly 22% on its second day of trading on the New York Stock Exchange, dropping below the offering price. BitGo, which trades under the BTGO ticker, closed the week at $14.50 after making its debut on Thursday for $18 per share. The opening price was above the marketed range of $15 to $17 per share. The company raised more than $212 million at a valuation of just over $2 billion. The second-day drop for BT ...

It was a defining week for digital assets, headlined by BitGo pricing its IPO at $18 a share for a valuation just over $2 billion. Meanwhile, the New York Stock Exchange announced a new platform for tokenized securities, and Blockspace officially acquired data aggregation site Bitcoin Layers. The week also saw significant venture activity with Zebedee raising a Series C, contrasting sharply with the shutdown of decentralized social protocol Farcaster. You’re reading a recap of The Blockspace Podcast. Watc ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. ARK Invest CEO Cathie Wood predicts Bitcoin's (CRYPTO: BTC) current four-year cycle drawdown to be the shallowest in its history, setting the stage for another leg higher. Wood Expects Bitcoin To Be "Off Again" Speaking on CNBC on Wednesday, Wood said ARK gains Bitcoin exposure primarily through its spot Bitcoin ETF, ARKB, rather than equity proxies such as Strategy (NASDAQ:MSTR). She cited structural co ...

Ripple CEO Brad Garlinghouse said crypto will reach new all-time highs by 2026, according to recent comments. XRP reacted the way it usually does to regulatory optimism, jumping roughly 8–10% after confirmations that the SEC would drop its appeal. The bigger backdrop matters more: crypto prices tend to rise when legal fog clears and capital feels safe to return. This is not just about one token. It speaks to a broader shift as U.S. regulators step back from enforcement-first tactics and large players sta ...

The same dynamic that drove investors toward NFTs and smaller coins during the pandemic-era crypto boom is currently playing out with gold and silver, according to Bitwise CIO Matt Hougan. As the precious metals scale new heights, he told Decrypt that investors appear to be rotating profits from one asset to the other in a way that parallels previous spillovers in crypto, where investors trimmed profitable positions in search of greater gains. “What you’re seeing in these other metals like silver is just a ...

BitGo CEO Mike Belshe tells Bloomberg that proposed market-structure legislation like the CLARITY Act would give investors and companies a more stable framework. Belshe says BitGo supports regulation and wants crypto rules codified into law to avoid policy swings between administrations. He joined the discussion on "Bloomberg Markets" with Scarlet Fu. ...

A massive generational wealth transfer could reshape crypto markets over the next two decades as younger investors inherit trillions in assets and redirect capital toward digital assets at unprecedented rates. Nansen founder Alex Svanevik predicts the impending shift will fundamentally alter crypto market dynamics, while recent data shows younger generations already allocating significantly more portfolio exposure to digital assets than their predecessors. The transfer involves roughly $100 trillion cha ...

BitGo shares slipped on the crypto company's second day of trading, falling below their IPO price. But CEO Mike Belshe says short-term market moves don't change the company's long-term strategy, describing BitGo as a global digital-asset infrastructure provider rather than a crypto wallet or treasury play. Mike Belshe joins the conversation on "Bloomberg Markets" with Scarlet Fu. ...

The UK Financial Conduct Authority (FCA) on Friday reached the final step of its consultation on regulation for cryptocurrency firms and published a new consultation on how consumer duty would apply to this sector. In its statement, the FCA asked for feedback with a March 12 deadline on further rules and how consumer duty should be applied to cryptoasset companies operating in the United Kingdom. It also said it aims to open the application gateway for cryptoasset permissions in September 2026. The Cons ...