Crypto Currency

Bitcoin Drops To 2 Cents! Revolut Users Report Massive BTC Price Glitch

A third-party provider failure caused Revolut’s app to show wildly inaccurate crypto prices on Friday, the company confirmed, after users flooded social media with screenshots of Bitcoin listed at just 2 cents. Related Reading: Bitcoin Supply Shock: 100,000 BTC Vanish From Exchanges In Under 90 Days Third-Party Provider Blamed For Pricing Chaos Revolut acknowledged the

Published 56 minutes ago in
Bitcoin Drops To 2 Cents! Revolut Users Report Massive BTC Price Glitch

A third-party provider failure caused Revolut’s app to show wildly inaccurate crypto prices on Friday, the company confirmed, after users flooded social media with screenshots of Bitcoin listed at just 2 cents. Related Reading: Bitcoin Supply Shock: 100,000 BTC Vanish From Exchanges In Under 90 Days Third-Party Provider Blamed For Pricing Chaos Revolut acknowledged the problem in a public statement…
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Crypto Currency

Shiba Inu Price Prediction: Can SHIB Break $0.000027 Now That Tom Lee Declares the Crypto Winter Over?

The Shiba Inu price prediction just gained a strong tailwind. Fundstrat’s Tom Lee told the Consensus 2026 stage in Miami that the crypto winter ends if Bitcoin closes May above $76,000 per CoinDesk. BTC already holds $81,000, and the meme sector posted its best weekly returns of the year with SHIB gaining ground after months

Published 56 minutes ago in
Shiba Inu Price Prediction: Can SHIB Break $0.000027 Now That Tom Lee Declares the Crypto Winter Over?

The Shiba Inu price prediction just gained a strong tailwind. Fundstrat’s Tom Lee told the Consensus 2026 stage in Miami that the crypto winter ends if Bitcoin closes May above $76,000 per CoinDesk. BTC already holds $81,000, and the meme sector posted its best weekly returns of the year with SHIB gaining ground after months […]
The post Shiba Inu Price Prediction: Can SHIB Break $0.000027 Now That Tom Lee Declares the Crypto Winter Over…
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Crypto Currency

Second Bitcoin ETF issuer predicts BTC hitting $1M – but cuts timeline to within the next US Presidential term

Matthew Sigel of VanEck said Bitcoin could reach $1 million by the next US Presidential term. That puts a 1,150% increase as a 2031 target inside a market that is still trying to prove it can hold the $80,000 area. CryptoSlate’s Bitcoin page shows BTC near $80,200 on May 9…

Published 56 minutes ago in
Second Bitcoin ETF issuer predicts BTC hitting $1M – but cuts timeline to within the next US Presidential term

Matthew Sigel of VanEck said Bitcoin could reach $1 million by the next US Presidential term. That puts a 1,150% increase as a 2031 target inside a market that is still trying to prove it can hold the $80,000 area. CryptoSlate’s Bitcoin page shows BTC near $80,200 on May 9…
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Crypto Currency

Bitcoin Price Consolidates Above $76K Support With Bullish Reversal Ahead

Bitcoin (BTC) is moving in an upward consolidation phase as it maintains its position above the key support level around $76. Furthermore, the Bitcoin price breakout is also supported by the institutional and strong whale activity. According to CoinMarketCap, as of Saturday, May 9, BTC is currently trading at $80,392.62…

Published 56 minutes ago in
Bitcoin Price Consolidates Above $76K Support With Bullish Reversal Ahead

Bitcoin (BTC) is moving in an upward consolidation phase as it maintains its position above the key support level around $76. Furthermore, the Bitcoin price breakout is also supported by the institutional and strong whale activity. According to CoinMarketCap, as of Saturday, May 9, BTC is currently trading at $80,392.62…
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Crypto Currency

Trump Media’s Q1 loss widens to $406 million on bitcoin, CRO markdowns

Finance Trump Media’s Q1 loss widens to $406 million on bitcoin, CRO markdowns The loss was primarily driven by $244 million in unrealized losses on cryptocurrency holdings and an additional $108.2 million investment loss. By Francisco Rodrigues| Edited by Nikhilesh De May 9, 2026, 5:28 p.m. 2 min read Make preferred on Share Share this

Published 56 minutes ago in
Trump Media’s Q1 loss widens to $406 million on bitcoin, CRO markdowns
Finance

Trump Media’s Q1 loss widens to $406 million on bitcoin, CRO markdowns

The loss was primarily driven by $244 million in unrealized losses on cryptocurrency holdings and an additional $108.2 million investment loss.

By Francisco Rodrigues|Edited by Nikhilesh De
May 9, 2026, 5:28 p.m.
2 min read

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President Donald Trump at the White House (Jesse Hamilton/CoinDesk)
Summary

  • Trump Media reported a Q1 net loss of $405.9 million on $871,200 in revenue, widening significantly from $31.7 million a year earlier.
  • The loss was primarily driven by $244 million in unrealized losses on cryptocurrency holdings and an additional $108.2 million investment loss.
  • As of March, DJT held 9,542.16 bitcoin (valued at $647.1 million) and 756.1 million Cronos (CRO) tokens (valued at $53 million).

Trump Media & Technology Group (DJT) reported a $405.9 million first-quarter net loss on $871,200 in revenue, widening from $31.7 million a year earlier as unrealized losses on its crypto holdings weighed on results.

The parent company of Truth Social booked $244 million in unrealized losses on its cryptocurrency holdings. It also recorded a $108.2 million investment loss tied mostly to equity securities.

Trump Media held 9,542.16 bitcoin BTC$66,404.44 at the end of March, with a cost basis of $1.13 billion and a fair value of $647.1 million, the firm wrote in a filing with the SEC. That position is now worth around $770 million.

The company also held 756.1 million CRO$0.06224 with a cost basis of $113.9 million and a fair value of $53 million. Trump Media closed the purchase of $105 million in CRO last year as part of a Crypto.com deal that tied the token to Truth Social and Truth+ rewards.

Trump Media reported $17.9 million in operating cash flow for the quarter, helped by the sale of previously purchased put options on pledged bitcoin and bitcoin-related securities.

A portion of the firm’s bitcoin is locked up. Trump Media said 4,260.73 BTC, worth $289 million at quarter-end, served as collateral for convertible notes.

DJT also held covered call options on 4,000 BTC with a counterparty to hedge its exposure to the cryptocurrency’s volatility. Those options require 2,000 BTC to be held as collateral with the counterparty.

The company raised $2.5 billion for a bitcoin treasury strategy last year, then disclosed a $2 billion bitcoin stack in July.

Revenue rose 6% from $821,200 a year earlier. Media revenue was $810,100, while Truth.Fi generated $61,100 in management fees tied to ETF offerings.

Bitcoin News
Related Assets
Cronos$0.062

0.66%

Bitcoin$66,404.44

0.96%
Bitcoin News
Related Assets
Cronos$0.062

0.66%

Bitcoin$66,404.44

0.96%

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