Odaily reported that Bakkt released its Q1 2026 financial results, reporting a net loss attributable to the company of $11.7 million, or a loss of $0.41 per share, compared to a net profit of $7.7 million in the same period last year. Affected by a decline in crypto trading volume, Bakkt's crypto services revenue dropped from $1.07 billion in the same period last year to $243.6 million, a year-over-year decrease of 77%. However, a large portion of this was offset by crypto costs and brokerage fees. As of the end of the first quarter, the company held $82.6 million in cash and had no long-term debt. Bakkt stated that it is transitioning from crypto trading infrastructure towards stablecoin payments and AI financial infrastructure, and completed the acquisition of Distributed Technologies Research on April 30, obtaining an AI-native payment engine and stablecoin compliance technology stack. (Cointelegraph)

Odaily News, digital asset company Bakkt announced the completion of its acquisition of stablecoin infrastructure company Distributed Technologies Research (DTR) through an equity transaction. According to the agreement, Bakkt issued over 11.3 million shares to DTR's beneficial holders, with the potential to issue an additional approximately 725,000 shares. Bakkt CEO Akshay Naheta stated that the transaction aims to combine Bakkt's institutional-grade infrastructure with DTR's native AI-powered payment engine and stablecoin technology to build a 24/7 digital settlement layer, providing a critical bridge between traditional financial systems and next-generation digital assets. Additionally, the company has been renamed Bakkt Inc. Previously, the project raised $48 million through a stock sale in February to navigate market uncertainties and potential delisting risks. (Cointelegraph)

Odaily News Analysts reiterated a "Buy" rating on Bakkt Holdings on Wednesday but slashed the target price from $40 to $22, a decrease of approximately 50%. Bakkt's stock fell about 5% in early trading on Wednesday, trading at $9.15. Benchmark stated that this adjustment is based on an expectation of Bakkt's adjusted EBITDA reaching $59.5 million. The research report was published the day after Bakkt's first Investor Day.It is reported that Bakkt is undergoing a strategic transformation, repositioning itself as a "B2B2C" one-stop crypto service operator for traditional institutions. The company sold its loyalty rewards business last year and has begun acquiring money transmitter licenses across all 50 U.S. states to support crypto trading, transfers, and settlements. (The Block)

1. Paul Chan: Technologies like blockchain and AI empower financial services, creating a more efficient trading system;2. Iran's stock market suspends trading until next week;3. Bakkt plans to raise $48.125 million through the issuance of Class A common stock and prepaid warrants;4. A whale suffered partial liquidation after opening 40x leveraged BTC and 20x leveraged SOL long positions today;5. Iranian President: Revenge is a "legitimate right and duty";6. Ethereum's Q1 return currently reported at -32.17%, Bitcoin at -23.21%;7. Data: Polymarket platform's US-Iran conflict-related event contracts "attract" $600 million;8. Bitcoin on-chain NFT trading volume shrinks significantly, February sales fall below $25 million, hitting the lowest record since March 2023;9. Whale "pension-usdt.eth" closes Bitcoin long position, making a profit of $466,000;10. Bitwise: Bitcoin investors need to hold for at least 3 years to avoid losses, short-term trading has nearly a 50% probability of loss;11. 21st Century Business Herald: Hong Kong will provide guidance to clarify that the register of debenture holders can be maintained using distributed ledger technology.

Odaily News: Bakkt, the cryptocurrency trading platform owned by the New York Stock Exchange, announced the pricing of its registered direct offering of 3,024,799 shares of Class A common stock and prepaid warrants. Each prepaid warrant is exercisable for up to 2,475,201 shares of Class A common stock. The offering price is $8.75 per share and $8.7499 per prepaid warrant, with total gross proceeds expected to be approximately $48.125 million. The transaction is anticipated to close on or about March 2, 2026, subject to the satisfaction of customary closing conditions. (Globenewswire)

Odaily News According to a report by Businesswire, crypto lending platform Nexo has announced it will officially return to the US market in 2026. The move aims to provide a US regulatory-compliant framework for its investment and credit products. It is reported that its digital asset trading infrastructure is provided by Bakkt. As part of its US operations, Nexo has launched a comprehensive suite of digital asset services designed to support advanced portfolio management and liquidity needs.

1. Trump: Congress is working on cryptocurrency market regulatory legislation and hopes to sign a cryptocurrency bill soon;2. David Sacks: Banks will fully enter the cryptocurrency space after the market structure bill passes;3. Trump: Will announce the new Fed Chair nominee soon but worries about their "disloyalty" after taking office;4. Senate Agriculture Committee releases latest crypto market structure bill text, fails to reach agreement with Democrats;5. Senate Banking Committee adjusts agenda, crypto market structure bill review may be delayed by several weeks;6. Decentralized social protocol Farcaster to be transferred to Neynar for operation;7. "1011 Insider Whale" Agent: Attributing short-term declines in ETH or US stocks to Greenland events lacks sufficient basis;8. Ripple CEO reiterates call for coordinated crypto market structure legislation: Don't let the pursuit of perfection hinder progress;9. Trump: Both Rick Rieder and Kevin Warsh are suitable to serve as the next Fed Chair;10. F/m Investments applies to tokenize ETF shares, aims to become the first issuer to advance ETF tokenization;11. Iran's central bank received over $500 million in USDT last year to support its currency exchange rate;12. A wallet linked to the Pudgy Penguins team deposits 397 million PENGU into Binance;13. ALT5 Sigma launches AI payment service "ALT5 AI" and will integrate USD1 and WLFI ecosystems;14. Governor of the Bank of Italy: The "anchor" of digital currency remains with banks, stablecoins only play a supplementary role;15. State Street Global Advisors: The Fed may cut rates three times in 2026;16. ETHGas Foundation: GWEI token is now live, airdropped tokens are automatically staked for 30 days;17. FG Nexus discloses holding 37,594 ETH and has repurchased over $32 million worth of common stock;18. KindlyMD rebrands as Nakamoto and discloses holding approximately 5,400 BTC, with a portfolio value exceeding $500 million;19. Solana Policy Institute: Roman Storm case is not an isolated incident, calls for stronger legal protections for software developers;20. Lightning AI merges with Voltage Park backed by Ripple co-founder, valuation exceeds $2.5 billion;21. Bakkt establishes ATM plan to sell common stock aiming to raise up to $300 million;22. Dutch cryptocurrency platform Finst completes €8 million Series A funding round led by Endeit Capital;23. Coinbase CEO clashes with Bank of France Governor at Davos: Stablecoin yields and "Bitcoin Standard" become focal points;24. Cork completes $5.5 million seed funding round led by a16z, CSX, and Road Capital.

Odaily News Bakkt announced that it has established an ATM equity offering plan under its existing shelf registration statement filed in June 2025. This plan enables Bakkt (but does not obligate it) to sell and issue its common shares at its discretion, with a total offering size of up to $300 million. The aim is to enhance Bakkt's financial flexibility and accelerate the execution of its long-term growth strategy. This includes expanding the distribution of the Bakkt Agent program, rapidly scaling Zaira's stablecoin payment platform, increasing investment in the Bakkt Global program, and entering other high-potential markets. (Globenewswire)

Odaily News: Bakkt, a company listed on the New York Stock Exchange, announced that it has acquired global stablecoin payment infrastructure provider Distributed Technologies Research (DTR). It is reported that the completion of this transaction is subject to the satisfaction or waiver of customary closing conditions, including obtaining approvals from relevant regulatory authorities and Bakkt's shareholders. Additionally, Bakkt announced plans to change its company name to "Bakkt, Inc." effective January 22, 2026. Its stock ticker symbol will remain unchanged after the rebranding. (Globenewswire)

According to Odaily Planet Daily, Benchmark analyst Mark Palmer raised his price target for crypto infrastructure company Bakkt from $13 to $40, while reiterating his buy rating. In early trading, the company's stock price rose 2% to around $26. The analyst reportedly believes Bakkt's price-to-earnings ratio is only 9.9 times its projected 2026 earnings before interest, taxes, depreciation, and amortization (EBITDA), significantly lower than peers such as Coinbase (24.1 times), Robinhood (45.5 times), and Circle (49.9 times). (CoinDesk)