bitgo

According to The Block, Evernorth, which holds an XRP treasury and is listed on Nasdaq, announced that it will begin deploying its XRP holdings through an "institutional strategy" starting in the fourth quarter, with initial partners including Ripple and cryptocurrency exchanges Kraken, Coinbase, and BitGo.The company currently holds 473 million XRP, valued at approximately $648 million at current prices. Two days before this announcement, Evernorth began trading on Nasdaq under the ticker XRPN after completing a deSPAC merger with Armada Acquisition Corp. II.Founder and CEO Asheesh Birla stated that the company is putting its treasury to work and is choosing to start with strong institutional trading counterparts within the industry. Evernorth's goal is to generate returns from its XRP holdings and increase the per-share holdings, rather than simply pursuing accumulation; the announcement did not specify how much XRP will be deployed. The company also plans to expand into lending and on-chain DeFi strategies once relevant features on the XRP Ledger are available.This strategy is led by newly appointed Chief Investment Officer Hugo Jeandesboz, who previously served as Co-Chief Investment Officer at Coinbase Asset Management. Jeandesboz stated that this requires a set of treasury strategies, a risk framework, and counterparties that can be clearly explained to the board of directors of the listed company. The XRPN stock price has remained relatively flat since opening at $16.68 on Monday, closing at $16.48 on Tuesday, and slightly rising to $16.6 in after-hours trading.

According to the Financial Times, DWF Labs' DWF Maas and Falcon Digital have sued the cryptocurrency custody company BitGo in the High Court of London, accusing it of violating over-the-counter (OTC) agreements by selling Falcon Finance (FF) and ESPORTS tokens before the agreed lock-up period ended, resulting in a drop in token prices.According to the lawsuit, both parties agreed that the tokens would be offered at a discounted price but must adhere to a three-month lock-up period and subsequent phased unlocking arrangements. DWF claims that BitGo transferred the tokens to exchanges about two months before the first unlocking, causing market sell-off pressure and damaging the value of its remaining holdings, thus seeking $141 million in damages. BitGo declined to comment on the lawsuit, and the related allegations have not yet been adjudicated by the court.

According to monitoring by Lookonchain, a dormant ENA whale address 0xa554 sold 37.725 million ENA through BitGo again 12 hours ago, worth approximately 9.25 million USD.Currently, the address still holds about 119.82 million ENA, worth approximately 29.6 million USD.

According to monitoring by Lookonchain, a certain whale, after being silent for over a year, deposited 30 million ENA, worth 6.98 million USD, into Binance through BitGo.The whale still holds 157.55 million ENA, worth 36.74 million USD.

According to The Block, BitGo CEO Mike Belshe warned that the failure of the Clarity Act poses systemic risks to the U.S. market, as the same company simultaneously holds exchange, brokerage, and custody businesses.He stated that this structure presents risks that even Lehman Brothers did not face: a brokerage can go bankrupt, but if the exchange holding the custody assets goes bankrupt, it could collapse the entire market.

According to Bitcoin Magazine, BitGo's CEO Mike Belshe stated in an interview on Bitcoin Magazine's BMTV that the core of tokenization is not trading, but rather expanding access.He pointed out that the current financial system can be traced back to the paper stock certificate crisis of the 1960s, when the New York Stock Exchange had to halt trading every week to complete physical stock deliveries, and the framework built to solve this problem still primarily serves large institutions.Belshe believes that the inability of retail investors to borrow against assets and the necessity to sell assets is a key reason driving the K-shaped economic divergence. He discussed how "phantom stocks" and tokenized stocks could change this situation and mentioned that long-term confidence of holders can be demonstrated through proof of reserves and setting time locks for shares.The interview also covered the new centralized risks that may arise from custodial concentration, how multi-signature and MPC can eliminate single points of failure, the aspects that still need to be supplemented in the U.S. regulatory framework beyond clarity, and the role of AI agents in asset management. Belshe also explained the true meaning behind his previous comments about the dollar going to zero.

According to Onchain Lens monitoring, the Official Trump Meme team allocated a wallet that transferred 8.73 million TRUMP to BitGo custody, valued at approximately 17.99 million USD.In the past two weeks, the team has cumulatively transferred about 31 million TRUMP to BitGo, valued at approximately 70.64 million USD.

A Bitcoin wallet created on November 2, 2011, transferred 100 BTC at a block height of 967732, valued at over 8 million dollars based on the price at that time. The wallet purchased Bitcoin at a price of 3.24 dollars, with a cost of approximately 324 dollars for 100 BTC, resulting in an unrealized return of about 2,469%.On the same day, four wallets created between February and March 2013 transferred 25 BTC each, totaling 100 BTC, into the cryptocurrency custody company BitGo wallet. On-chain characteristics indicate that this batch of Bitcoin originally came from block rewards in March 2013; the miner has been continuously transferring similar amounts of BTC to BitGo in batches since August 2025. The two transfers totaled 200 BTC, currently valued at over 16 million dollars.The new address of the 2011 wallet is a P2WPKH address, which has not been marked by major block explorers as an over-the-counter trader or centralized exchange address; whether the funds transferred by the 2013 miner to BitGo have been sold cannot be confirmed by on-chain information.

According to PR Newswire, Cosmos announced the launch of the Cosmos Partner Network, uniting multiple industry service providers to assist global financial institutions in advancing digital asset-related businesses through the Cosmos Tokenization Suite and digital ledger solutions.The suite offers capabilities such as 24/7 payment settlement and fund management for banks and credit unions, and supports scenarios like programmable custody, programmable trade finance, and agency commerce. Cosmos provides tokenization and ledger platforms, while partners offer integrated services such as KYC/KYB, custody, and compliance monitoring.Cosmos Co-CEO Maghnus Mareneck stated that financial institutions understand the potential of tokenization but struggle to transition from pilot projects to high-quality real customer experiences. This network brings together relevant professional institutions to reduce the complexity of individually connecting with vendors.The first batch of the network includes 17 participants, including Anseta, Balance, BCW Group, BitGo, Blockchain.com, Blockdaemon, Coinbax, DFNS, Galaxy Digital, Hypernative, InfStones, OpenZeppelin, Peersyst Technology, Silence Laboratories, Ubyx, Utila, and Zeeve.Partners will have access to connection opportunities across Cosmos public and private networks and can participate in use cases such as tokenized deposits that Cosmos is promoting. Cosmos plans to continue expanding the network.

According to Be In Crypto, Binance founder Zhao Changpeng recently stated that YZi Labs' investments over the past few months will become the highest return layout, as they invested in cryptocurrency prices close to the lows of the bear market.YZi Labs has disclosed seven investments in 2026: in January, they invested in the on-chain trading terminal Genius and the digital asset custodian BitGo; in March, they led a $52 million investment in RoboForce and invested $1 million in the venture project Atlas Scout; in April, they made an additional investment in the prediction market Predict.fun; in May, they led an $8 million seed round investment in the AI agent payment settlement layer AEON; in August, they invested in the cross-chain fixed-rate lending platform TermMax.Zhao Changpeng believes that the influx of funds into AI is eliminating short-term cryptocurrency teams, and the return of AI funds to digital assets has already begun. Bitcoin has rebounded after a 47% drop from its peak, but it is still far below the October high.

According to Cointelegraph, Bitmine today purchased 51,000 ETH from FalconX and BitGo, worth $126 million.

BitGo announced the completion of its acquisition of NYDIG's institutional trading business, which was completed in a two-step merger, with a total consideration of approximately $42.5 million, including $7 million in cash and about $35.5 million in BitGo stock. About 30 NYDIG employees will transition with the business, and the deal also includes Earnout terms linked to revenue milestones.The business provides derivatives, structured products, financing, and capital market solutions for asset management firms, hedge funds, corporations, and family offices. BitGo CEO Mike Belshe stated that institutional clients are increasingly looking to partner with trusted partners that can support the entire lifecycle of digital assets, covering custody, trading, financing, and settlement.For NYDIG, the sale allows it to focus on power generation, Bitcoin mining, and high-performance computing data center businesses, with the company stating that its development pipeline exceeds 3 gigawatts. BitGo went public on the NYSE this year, with a valuation of approximately $2 billion, and launched the USDS stablecoin.

BitGo announced that it has acquired NYDIG's institutional trading business and related assets, incorporating derivatives, structured products, financing, and capital market capabilities into its institutional platform. Approximately 30 NYDIG employees will join BitGo, and NYDIG's institutional trading client relationships will also transfer to BitGo along with the business.BitGo will integrate the related business with its custody, trading, settlement, and wallet infrastructure. NYDIG will focus its resources on power generation, Bitcoin mining, and high-performance computing data center operations. NYDIG stated that its computing power infrastructure development reserves currently exceed 3 gigawatts, with more than 1 gigawatt expected to be delivery-ready by 2027 and 2028.

According to on-chain analyst Yu Jin's monitoring, the TRUMP token team's address (2RH...FSK) transferred 3.837 million SOL one hour ago, worth 9.33 million USD, and entered OKX after being routed through BitGo.

According to a report by the Korean News Agency, global virtual asset infrastructure company BitGo announced that its Korean entity BitGo Korea has received acceptance of its VASP (Virtual Asset Service Provider) registration application from the Financial Intelligence Unit (FIU) of Korea on August 18, becoming the first foreign cryptocurrency corporate entity to complete VASP registration directly in Korea.BitGo Korea was established in 2024, and this time chose to directly meet regulatory requirements to enter the market, rather than adopting the industry norm of acquiring existing VASP companies. Subsequently, it will use this as a foundation to officially launch virtual asset custody and transfer services in Korea, focusing on expanding business towards financial institutions and corporate clients.

Digital asset infrastructure company BitGo disclosed on August 12 that Chief Financial Officer Edward Reginelli will officially leave on September 15. Reginelli notified the board on August 10, and the company stated that his departure is not due to any disagreements regarding the company's operations, policies, or practices, and has initiated a formal search for his successor. He will continue to serve as an advisor after his departure.At the same time, BitGo announced its financial report for the second quarter of 2026. The report showed that total revenue increased by 79.6% year-on-year to $4.33 billion, but the net loss reached $19 million, compared to a profit of $38.3 million in the same period last year; the net loss narrowed from $60.7 million in the first quarter. Adjusted EBITDA shifted from a profit of $3 million in the same period last year to a loss of $4.2 million.The company stated that it laid off about 15% of its workforce in June, and the related investment focus and operational model adjustments are expected to bring about $15 million in annual cash savings. As of the end of June, BitGo held $159 million in cash and 2,523 of its own bitcoins (worth approximately $147.7 million), with no company-level debt.

According to Arkham monitoring, Alameda Research associated addresses transferred a total of 8.25 million USD in SOL to BitGo custody wallets through 24 transactions, presumably for distribution of compensation to FTX creditors.Arkham data shows that Alameda currently still holds over 200 million USD in SOL.

According to on-chain analyst Yu Jin's monitoring, Bitmine bought ETH after the decline, receiving 13,000 ETH ($24.36 million) from BitGo 5 minutes ago.

According to Onchain Lens monitoring, a newly created wallet received 540.17 BTC (approximately 34.9 million USD) from BitGo 3 hours ago.

According to monitoring by Lookonchain, in the past 3 hours, 4 newly created wallet addresses received a total of 1540 BTC from Galaxy Digital and BitGo, worth approximately 99.4 million USD.On-chain data shows that the related fund flows may reflect that large addresses are increasing their holdings of Bitcoin.