$BTGO

Law firms have issued Aug. 7 deadline notices to BitGo investors for the lead-plaintiff process in Arsenault v. BitGo Holdings, a securities class action filed June 8 in New York. The cutoff applies only to those seeking to lead the case, not to participate in any recovery. The suit alleges BitGo downplayed digital-asset price risk; BitGo reported a $60.7m Q1 loss including $53.7m unrealized crypto losses.

BitGo announced new quantum risk capabilities for Bitcoin security, including a Quantum Risk Score to assess BTC wallet security and updated wallet settings to mitigate quantum-related threats. It also introduced a “Fix Exposed Addresses” workflow. The update targets emerging risks as quantum computing advances, which may affect sentiment around Bitcoin custody security.

BitGo said it will use Chainlink CCIP as the exclusive cross-chain infrastructure for Wrapped Bitcoin, moving more than $7.7 billion of WBTC from LayerZero and routing future BitGo-issued assets through CCIP by default. BitGo plans to standardize WBTC on Chainlink’s Cross-Chain Token standard. The firm cited risk and Chainlink cited SOC 2 Type 2 and ISO 27001.

Analysts at Cantor and FRNT said the Coldcard wallet exploit could shift some investors from self-custody toward regulated bitcoin products. Cantor expects increased flows to crypto custody providers and cited potential read-through for firms including Coinbase and Robinhood. FRNT said the breach may boost demand for bitcoin ETFs. At least 1,816 BTC (~$114M) was stolen from 5,200+ addresses since July 30.

Spotex said it connected its institutional execution venue (ECN) to BitGo’s custody, settlement and prime brokerage infrastructure. Eligible clients can trade Spotex liquidity while keeping assets in regulated BitGo custody via BitGo’s Go Network. Spotex said the deal is non-exclusive and its architecture remains custodian-agnostic. BitGo said it adds another execution endpoint on its institutional rails.

BitGo Holdings (NYSE: BTGO) partnered with Spotex to offer institutional digital-asset trading. Eligible clients can execute on Spotex’s ECN while assets remain in BitGo custody, using BitGo’s Go Network for settlement and clearing. The deal aims to reduce pre-funding needs and counterparty risk. Spotex will provide execution only; BitGo handles custody, prime brokerage, and settlement.

BitGo said it moved its WBTC cross-chain infrastructure to Chainlink CCIP, making CCIP the exclusive provider for WBTC and future BitGo-issued digital assets. The transfer covers about $7.7 billion in WBTC. BitGo and Chainlink cite CCIP securing $110 billion in DeFi applications and $32 trillion in cumulative processed value.

Bitgo said it will move all future Bitgo-issued digital assets to use Chainlink’s CCIP by default, standardizing cross-chain transfers and security controls. The firm also plans to use Chainlink’s cross-chain token standard to create unified WBTC versions across blockchains. Bitgo cited distributed node operators and configurable transfer limits. WBTC is the wrapped bitcoin token.

Italy’s Intesa Sanpaolo, according to its Aug. 4 SEC filing, tripled its stake in BlackRock’s iShares Staked Ethereum Trust (ETHB) to 349,600 shares worth $7.1M in Q2. It cut iShares Bitcoin Trust (IBIT) shares by ~94% to 40,723 and replaced most IBIT call options with put options. The bank also nearly doubled BitGo (BTGO) and added a new SpaceX (SPCX) stake.

BitGo said it is migrating $7.4 billion of Wrapped Bitcoin (WBTC) from LayerZero to Chainlink’s CCIP as its exclusive cross-chain standard, according to a Tuesday announcement. BitGo also said CCIP will be used for all future BitGo-issued assets. The move follows LayerZero’s KelpDAO-related $292 million exploit, per the article.