bitgo

According to The Block, digital asset infrastructure company BitGo announced that it has added minting and redemption features for USDC in its Go Account. This service is open to qualified clients of its subsidiary BitGo Bank & Trust, which is a digital asset trust bank regulated by the Office of the Comptroller of the Currency (OCC). Clients can initiate and monitor USDC orders on the BitGo platform or via API, and BitGo will process them through its Circle Mint account, charging a fixed fee disclosed before the client confirms the transaction.The service supports USDC on Ethereum, Solana, Base, Arbitrum, Polygon, Avalanche, HyperEVM, Monad, and Aptos, with specific availability depending on jurisdiction and account requirements. Eligible orders can be processed on-chain 24/7, but fiat deposits and withdrawals must still adhere to banking processing windows and settlement times.BitGo launched the Mint service for the first time in April this year, initially supporting USD1 from World Liberty Financial and SoFiUSD from SoFi Bank, allowing institutions to access related assets without establishing separate relationships with each issuer.BitGo CEO and co-founder Mike Belshe stated that the more assets institutions use, the greater the workload for managing independent accounts and relationships with issuers. The company is enabling clients to access more assets through a single BitGo account based on the infrastructure they have already used.Just a week prior, BitGo launched BitGo Global Markets, led by former NYDIG executive Pete Janney, offering institutional trading and financial services such as crypto collateral financing, options, and swaps; this business stems from the acquisition of NYDIG's institutional trading business on August 27, with about 30 employees joining as a result.

According to Onchain Lens monitoring, a transaction signed by a BitGo custodial account has unstaked 204,044 SOL and transferred it to an FTX/Alameda associated wallet, valued at approximately 16.89 million USD.This operation only shows the unstaking of SOL and its transfer to the associated wallet; it cannot yet be confirmed whether it will be sold subsequently.

According to a report by unfolded, the cryptocurrency custody institution BitGo has updated its support for Aptos and has purchased APT as a strategic holding. BitGo had previously provided custody (launching in 2025) and staking services (with an annual yield of about 7%) for Aptos, and this time added on-chain market access functionality. The page did not disclose the specific scale and amount of the holdings.

According to Lookonchain monitoring, the newly created wallet bc1qga (bc1qga...ysrjy) withdrew 1,489 bitcoins worth $111.34 million from BitGo 40 minutes ago.In the past 24 hours, three newly created wallets withdrew 1,002.86 bitcoins worth $75 million from Binance.

According to Business Wire, digital asset infrastructure company BitGo has released its latest financial report, showing a net income of 44.1 million USD for the third quarter of 2026, primarily driven by the appreciation of digital asset treasury, compared to a net loss of 19 million USD in the previous quarter. Adjusted EBITDA loss was 4.3 million USD. Total revenue was 2.85 billion USD, a year-on-year decrease of 50.9%, mainly affected by a decline in digital asset sales activities due to a weak cryptocurrency trading environment.As of September 30, platform assets amounted to 59.9 billion USD, with staked assets at 10.5 billion USD; after adjusting for a uniform price, platform assets and staked assets grew by 32% and 41% year-on-year, respectively. BitGo completed the acquisition of NYDIG's institutional trading business during the quarter and expanded its OKX over-the-counter settlement integration, while also repurchasing 24.7 million USD of common stock. Based on the September 30 price, the end-of-quarter platform assets were 83 billion USD, and staked assets were 16.3 billion USD. The company holds 2,399 of its own bitcoins, valued at 200.4 million USD.

According to The Block, digital asset infrastructure company BitGo Holdings (BTGO) announced the launch of BitGo Global Markets, its new institutional trading and financial solutions business, integrating global liquidity, trade execution, financing, derivatives, and settlement services. This division is led by former NYDIG executive Pete Janney, and BitGo completed its acquisition of NYDIG's institutional and trading business on August 27.Approximately 30 employees joined BitGo after the acquisition, bringing expertise in derivatives, financing, collateral services, and structured products. Janney initially joined the company as the head of financial infrastructure. Since 2020, BitGo has provided institutional trading services through BitGo Prime, which has now been integrated into Global Markets, merging with derivatives, collateral management, and structured financing capabilities from NYDIG.Under the new division, BitGo's Global Liquidity Layer will offer spot trading and large over-the-counter trading channels, with liquidity sourced from exchanges, market makers, and other trading counterparts; clients can use their crypto assets as collateral to borrow funds for trading positions, with BitGo responsible for qualified custody, margin monitoring, and additional margin or clearing processing.The division will also provide options, swaps, and customized structured products for qualified counterparties, as well as managed investment strategies, private funds, and research services, with clearing and settlement handled by Go Network. BitGo CEO Mike Belshe stated that Global Markets will combine custody, liquidity, trading, financing, and settlement capabilities with deeper capital markets expertise. BTGO rose 3.4% in pre-market trading on Wednesday, following a 3.7% increase the previous day.

The cryptocurrency custody institution BitGo has added a Stacks Bitcoin staking feature to its qualified custody services. Eligible institutions are required to allocate 5% of their Bitcoin holdings in STX to participate in staking paired with BTC.This staking form is a bond with a term of approximately six months, funded by Stacks miners. Stacks is a smart contract network built on Bitcoin. After the launch of this feature, institutional clients can complete related staking operations within BitGo's qualified custody framework.

According to Cointelegraph, World Liberty Financial has frozen 27 million USD1 and 2 million WLFI related to the Binance hacking incident, and is working with BitGo to secure the stolen funds.

According to official news, Jupiter has partnered with BitGo to launch a validator for institutions. BitGo's institutional clients can now directly use Jupiter to stake SOL through their existing custody accounts.

According to Lookonchain monitoring, MARA Holdings (@MARA) transferred 1,000 bitcoins to BitGo 9 hours ago, worth 80.66 million dollars.

According to Onchain Lens monitoring, a certain whale purchased the following tokens from BitGo in the past hour, with a total value of approximately 42.3 million USD:14,600 ETH, valued at approximately 34.24 million USD; 415,690 LINK, valued at approximately 4.81 million USD; 16,570 AAVE, valued at approximately 2.23 million USD; 144,840 UNI, valued at approximately 1.02 million USD.

According to Onchain Lens monitoring, Cumberland (0x83B...Fc2e4) transferred 10.31 million USD1 to BitGo, worth approximately 10.3 million USD, possibly for over-the-counter trading.

According to Bloomberg, the prediction market platform Kalshi has reached a new arrangement with the cryptocurrency custody institution BitGo, which will allow certain clients to borrow against their custodied cryptocurrency assets and use the loan funds as margin for leveraged perpetual futures trading on the Kalshi exchange.This arrangement is aimed at clients of Kalshi Prime, a futures brokerage registered in the United States under Kalshi, and employs a tri-party collateral management structure. Loans are provided by its affiliated lending company Kalshi Katalyst, with the collateral assets held at BitGo Bank & Trust. Eligible collateral assets include Bitcoin, Ethereum, and stablecoins deemed compliant with the GENIUS Act, with plans to integrate additional custody institutions in the future.Kalshi Prime CEO Jeff Bandman stated that this arrangement aims to allow clients to participate in trading without having to exit their cryptocurrency holdings, potentially attracting crypto-native trading firms and whales holding large amounts of digital assets.

According to Bloomberg, the prediction market platform Kalshi has reached a new agreement with the cryptocurrency custody institution BitGo, which will allow certain clients to borrow against their custody-held cryptocurrency assets and use the loan funds as margin for leveraged perpetual futures trading on the Kalshi exchange.This arrangement is aimed at clients of Kalshi's U.S.-registered futures commission merchant Kalshi Prime and employs a tri-party collateral management structure. Loans are provided by its affiliated lending company Kalshi Katalyst, with the collateral assets held at BitGo Bank & Trust. Eligible collateral assets include Bitcoin, Ethereum, and stablecoins deemed compliant with the GENIUS Act, with plans to integrate additional custodians in the future.Kalshi Prime CEO Jeff Bandman stated that this arrangement is designed to allow clients to participate in trading without having to exit their cryptocurrency holdings, potentially attracting crypto-native trading firms and whales holding large amounts of digital assets.

BitGo announced the establishment of a new research and innovation department, BitGo Labs, aimed at designing, launching, and validating the next breakthrough applications in the digital asset space. BitGo stated that this department focuses on use cases that can only be achieved through cryptographic technology, such as interest rates and yields that traditional systems cannot provide, and utilizes AI to complete builds in months rather than years.Initially, BitGo Labs will focus on the intersection of AI and cryptocurrency. BitGo pointed out that the AI economy still requires cryptographic financial infrastructure to handle micropayments, achieve instant settlements, and ensure asset security. At the launch of the department, several related projects were introduced, including the consumer application Gokubu, which uses AI-driven card optimization for user spending and is now live, allowing users to be assigned personalized AI financial assistants to help them obtain better rewards and transaction value.BitGo stated that in addition to the initial projects, BitGo Labs will also release research reports, protocol prototypes, and reference implementations, and collaborate with developers, scholars, and institutions in the cryptocurrency and AI communities. BitGo CEO Mike Belshe previously stated in an interview that AI agents are likely to use stablecoins as their native currency, and human control over AI will last longer than some predict. This statement responded to Maelstrom Chief Investment Officer Arthur Hayes' view that digital currencies like stablecoins cannot serve as the native currency for AI agents because they cannot be directly converted into computing power.

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.