Bakkt (BKKT) Stock Jumps Over 16% After Hours: Here’s Why The ICE-Backed Crypto Platform Is Trending Over

Bakkt Inc. (NYSE:BKKT) shares jumped 16.17% to $10.13 after the bell on Monday, after Securities and Exchange Commission filings disclosed insider activity.

Insider Activity

Director Michael Alfred, through the Las Vegas-based hedge fund Alpine Fox LP, bought 365,000 shares on May 15 at a weighted average price of $8.34 per share. He then purchased another 220,000 shares on May 18 at $8.20 per share.

The two transactions totaled about 585,000 shares valued at approximately $4.85 million. Following the purchases, Alfred indirectly owns 625,000 shares.

According to a separate SEC filing, CEO Akshay Sudhir Naheta exercised 33,557 committed stock options on May 15 at $10 per share, for a total…

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Justin Sun-Linked Tron Says It Can’t ‘Monitor And Investigate’ Every User As Report Suggests Iran Crypto

Tron, Binance Used As Conduits?

Since the Iran war started in late February, cryptocurrency worth at least $22.6 million has moved through Nobitex on BNB Chain, and at least $550,000 has moved via Tron, Reuters reported.

Further analysis indicated that, from January 2023 onward, Nobitex—widely used by sanctioned Iranian institutions as well as ordinary citizens—processed in excess of $2 billion on the Tron network and approximately $317 million on the BNB Chain.

The report explicitly stated that it does not suggest the Trump family was aware of Nobitex’s use of Tron and BNB Chain.

A World Liberty Financial spokesperson told Benzinga that the company has nothing to do with Nobitex or any…

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Bitcoin, Ethereum, XRP Flat, While Dogecoin Slides As Trump Steps Up War Rhetoric : Analyst Flags Signif

Leading cryptocurrencies stagnated, while stocks closed lower on Monday after President Donald Trump hinted at a “large-scale” assault on Iran.

Crypto Goes Into ‘Extreme Fear’

Bitcoin witnessed volatile trading between $76,000 and $77,000, with volumes soaring 76% over the past 24 hours.  Ethereum also experienced rapid swings between $2,078 and $2,155, while Dogecoin fell nearly 2%.

Over $300 million was liquidated in the past 24 hours, with long position traders again taking the majority of the losses, according to Coinglass data.

Bitcoin’s open interest rose 1.07% over the last 24 hours. A rise in open interest while prices trade sideways typically indicates a potential price…

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Bitcoin Drops Below $77,000, Ethereum, XRP, Dogecoin Slide Up To 4% On Cascade Fears

Bitcoin dropped into the $76,000 region as spot ETF outflows and weakening sentiment pushed crypto sentiment deeper into fear territory.

Notable Statistics:

Coinglass data shows 124,022 traders were liquidated in the past 24 hours for $816.06 million.       

SoSoValue data shows net outflows of $290.4 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $65.7 million.

In the past 24 hours, top losers include Bitcoin Cash, Flare and Aerodrome Finance.

Notable Developments:

Trader Notes:

Bitcoin technical analyst CryptoCon said Bitcoin’s bear flag formation has now stretched to 100 days, matching the longest-running bear flag structure since November…

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Galaxy Lands Major Regulatory Win, Granted Money Transmission License – Galaxy Digital (NASDAQ:GLXY)

Galaxy Digital Holdings Ltd. (NASDAQ:GLXY) secured a major regulatory win on Monday as the New York State Department of Financial Services granted the firm a BitLicense and Money Transmission License.

Why The License Matters

The license will expand Galaxy’s ability to serve institutional crypto clients in one of the industry’s most tightly regulated markets.

The approval allows GalaxyOne Prime NY to offer regulated digital asset trading and custody services to institutions across New York, including registered investment advisors, hedge funds and family offices.

“New York is home to the deepest pool of institutional capital in the country, and digital assets are no longer sitting at the edge…

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Bitcoin Reserve Announcement Is Imminent

The White House is on the verge of a formal announcement on the U.S. Strategic Bitcoin Reserve — and the official leading the charge says the hard part is done.

Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets, told an interviewer this week that the administration has cleared a major legal hurdle in standing up the reserve. 

“We’ll have an announcement,” Witt said. “I wish I could say more… It’s a breakthrough as far as getting everything in place, legally sound, properly safeguarding the assets.” 

The signal follows a similar declaration Witt made at the Bitcoin 2026 conference in Las Vegas, where he told the…

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Standard Chartered To Absorb Zodia Custody’s Core Business In Digital Asset Consolidation

Standard Chartered announced Monday that its non-binding offer to acquire Zodia Custody — the digital asset custodian it co-founded in 2020 through its innovation arm SC Ventures — has been accepted by Zodia’s shareholders and noteholders.

The deal, subject to regulatory approvals, will fold Zodia’s regulated custody operations into Standard Chartered’s existing Financing and Securities Services business. The transaction is less a traditional acquisition than a strategic reorganization: a parent bank reclaiming the client-facing business it incubated at arm’s length, now that the market has matured enough to justify direct ownership.

Zodia was established alongside…

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Capital B Acquires 192 Bitcoin For €13 Million

Capital B, the Paris-listed Bitcoin Treasury Company formerly known as The Blockchain Group, has completed the purchase of 192 bitcoin for €13.0 million, bringing its total holdings to 3,135 BTC — one of the largest bitcoin reserves held by a European public company.

The acquisition, announced May 18, 2026, was funded through three capital raises that together generated €17.15 million. The raises included a €0.85 million placement under an “at-the-market” (ATM) agreement with TOBAM, a €1.1 million warrant issuance subscribed by cypherpunk and Blockstream CEO Adam Back, and a €15.2 million private placement of shares with attached subscription warrants (ABSA) at…

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Bitcoin Depot (BTM) Files For Chapter 11 Bankruptcy

Bitcoin Depot (NASDAQ: BTM), once the largest Bitcoin ATM operator in North America, filed for voluntary Chapter 11 bankruptcy protection on Monday in the U.S. Bankruptcy Court for the Southern District of Texas. The Atlanta-based fintech company said it intends to wind down all operations and pursue a sale of its assets — marking one of the most visible collapses in the retail cryptocurrency sector to date.

The company’s stock cratered on the news, falling from $3 to around $0.75 on the news.

As part of the filing, Bitcoin Depot took its entire network of Bitcoin ATM kiosks offline. The company operated over 9,000 kiosk locations worldwide as of August 2025, with machines…

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Iran Launches Bitcoin-Backed Insurance Service For Strait Of Hormuz Shipping, Eyes $10B In Revenue

Iran is reportedly launching a bitcoin-settled maritime insurance platform called Hormuz Safe, targeting cargo owners and shipping companies that transit the Strait of Hormuz and Persian Gulf — and projecting more than $10 billion in revenue for the Islamic Republic.

The platform, backed by Iran’s Ministry of Economy and Financial Affairs, was first reported by the IRGC-affiliated Fars News Agency, which cited internal government documents, according to Bloomberg reporting. 

The Hormuz Safe website describes the service as offering “fast, verifiable digital insurance — paid via bitcoin and settled at the speed of blockchain.” Coverage under the proposed scheme…

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