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Galaxy Digital kicked off crypto earnings season Tuesday with a wider-than-expected Q1 loss, as a broad market selloff erased principal investment gains and compressed trading volumes across the sector. Hut 8 simultaneously priced a $3.25B investment-grade bond to fund a 245 MW AI data center, the largest single capital raise yet from the miner-to-infrastructure cohort. On the structural side, Broadridge Financial Solutions and Ondo Finance reached a milestone that custody desks have been watching closely, extending full shareholder voting rights to holders of tokenized equities for the first time. Rounding out the session, Eightco Holdings disclosed a $333M mixed digital asset treasury anchored by the world's largest known institutional Worldcoin position, and Exodus Movement revealed that U.K. receivers have been appointed over three of its subsidiaries following a $70M loan default. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.GALAXY DIGITAL Q1 MISS:Galaxy Digital(GLXY)reported a Q1 net loss of $216M, or an adjusted diluted EPS of (49c), missing the consensus estimate of (44c), as a roughly 20% drawdown in total crypto market cap compressed trading revenues and marked down principal investments, according tothe company's earnings results. The firm posted adjusted EBITDA of ($188M) and ended the quarter with $2.6B in cash and stablecoins. Despite the headline miss, Galaxy delivered its first completed data hall at the Helios campus to CoreWeave(CRWV)and disclosed ERCOT approval for an additional 830 MW at that site, pushing total approved Helios capacity above 1.6 GW.On-chain monitorstracked two Galaxy-linkedwallets depositing a combined 45,000 ether(ETH-USD)worth roughly $104M to Binance, Bybit, and OKX in staggered tranches overnight, a multi-venue distribution pattern consistent with pre-sale positioning.HUT 8 AI BOND PRICING:Hut 8(HUT)priced a $3.25B private offering of 6.192% senior secured notes due 2042, issued through subsidiary Hut 8 DC LLC, to finance construction of a 245 MW data center at its River Bend campus, with the transaction expected to close April 30, 2026, perthe company's investor relations website. The notes are structured as non-recourse to Hut 8, ring-fencing the parent from downside should the data center ramp miss contracted hyperscaler demand. At $3.25B for a single campus build, the deal is the largest disclosed capital raise from the mining-to-AI infrastructure cohort to date. The coupon at 6.192% reflects investor demand for contracted power assets at a time when grid-scale data center capacity remains constrained across ERCOT and PJM territories.BROADRIDGE TOKENIZED VOTING:Broadridge Financial Solutions(BR)announced that holders of more than 250 Ondo Finance-tokenized stocks and ETFs can now participate in proxy voting and access SEC filings through Broadridge's ProxyVote platform using Web3 wallet authentication, described as the first instance of on-chain shareholder voting rights for tokenized equities, as announced ina press release. The arrangement resolves one of the most-cited structural gaps in institutional real-world asset adoption, as tokenized equities previously could not replicate the full bundle of governance rights attached to traditional shares. The Broadridge integration means tokenized equity now carries proxy, information, and voting entitlements that are operationally equivalent to those of street-name holders, removing a key barrier that custodians and fund administrators have pointed to when evaluating whether to support real-world asset platforms.EIGHTCO MIXED ASSET TREASURY:Eightco Holdings(ORBS)disclosed total holdings of approximately $333M as of April 27, comprising a $90M indirect position in OpenAI equity through special purpose vehicles, a $25M investment in Beast Industries, 11,068 ether, 283,452,700 worldcoin(WLD-USD)tokens representing roughly 8.58% of circulating supply at 25c per token, and $121M in cash and stablecoins. The composition sets Eightco apart from single-asset crypto treasury vehicles, pairing digital asset beta with private-market exposure to OpenAI and MrBeast's media enterprise. The worldcoin position is the largest publicly disclosed institutional holding of that token globally, and management noted that World ID has seen rapid enterprise integration in recent weeks across Tinder(MTCH), Zoom(ZM), and Docusign(DOCU).EXODUS SUBSIDIARIES IN RECEIVERSHIP:Exodus Movement(EXOD)announced thatU.K. Receivers from AlixPartners have been appointedover Monavate Holdings, Monavate, and Baanx.com, three subsidiaries of W3C Corp, after W3C defaulted on a $70M secured term loan governed by English law. Exodus stated it intends to bid in the resulting sale process, meaning the company could reacquire the assets at distressed prices or lose them entirely to a third-party bidder.PRICE ACTION:As of time of writing, bitcoin was trading at $76,054.02, while ether was trading at $2,275.27,according to price data from TipRanks.

While the S&P 500 still had its best week since November, the benchmark gauge for equities closed with a small loss of Friday after a seven-day advance. Markets ended the week in a cautious holding pattern, with momentum from earlier in the week fading.Oil remains volatile as doubts grow around the durability of the Iran ceasefire as disruptions in the Strait of Hormuz persist. Meanwhile, the CPI report showed the sharpest year-over-year price increases for consumers in nearly four years, largely driven by the recent energy shock. Even with a pause in fighting, oil flows remain constrained and supply chains are still disrupted, meaning inflation pressure doesn't immediately disappear. While the ceasefire triggered a global relief rally, investors were on edge Friday as they braced for high-stakes talks being led by Vice President JD Vance this weekend.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:CoreWeaveentered into a multi-yearMeanwhile, Anthropic is exploring designing its own AI chips,TSMCreported ain March net revenueMumbai-based Sun Pharmaceutical Industries has decided to proceed with a binding offer of $12 B for Organon,March's consumer inflation rateto last year, with the consensus expecting 3.4%.2. WALL STREET CALLS:Niketo Neutral at Piper SandlerShake Shackto Outperform at MizuhoServiceNowto Neutral at UBSCiti isin the application software group with six downgrades, including Autodeskand DocuSignIBMwith a Buy at Citi3. AROUND THE WEB:Nike'sinnovation chief Tony Bignell plans to leave the company, WSJ reportsYouTubehas raised prices for YouTube Premium and Music subscriptions, Variety reportsAppleplans to shut down its first unionized store in Maryland, Reuters reportsConocophillipswill evaluate oil prospects in Venezuela, Bloomberg reportsItaly is replacing Leonardochief Roberto Cingolani, Reuters says4. MOVERS:Commvaultrose after Reutersthe company is exploring a saleCars.comwas higher after announcing an increase to its buyback program and anZentalis Pharmaceuticalsgained after Guggenheimon the sharesFair Isaacfell after Barclayson the sharesRobloxwas lower after announcing the5. EARNINGS/GUIDANCE:WD-40reportedand reiterated its FY26 guidanceTecnoglassscut itsBeam GlobalreportedSimulations Plusreportedand cut its FY26 earnings guidanceLotus Technologyreported a year-over-yearINDEXES:The Dow fell 269.23, or 0.56%, to 47,916.57, the Nasdaq gained 80.48, or 0.35%, to 22,902.89, and the S&P 500 declined 7.77, or 0.11%, to 6,816.89.

The major averages were mixed near noon, with the Dow Jones Industrial Average in the red, the Nasdaq higher and the S&P little changed. Markets are ending the week in a cautious holding pattern, with momentum from earlier in the week fading.Oil is creeping higher again, hovering near the $100 per barrel level, as doubts grow around the durability of the Iran ceasefire as disruptions in the Strait of Hormuz persist. Meanwhile, the CPI report showed the sharpest year-over-year price increases for consumers in nearly four years, largely driven by the recent energy shock. Even with a pause in fighting, oil flows remain constrained and supply chains are still disrupted, meaning inflation pressure doesn't immediately disappear.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:CoreWeaveentered into awith AnthropicMeanwhile, Anthropic is exploring designing its own AI chips,TSMCreported ain March net revenueMumbai-based Sun Pharmaceutical Industries has decided to proceed with a binding offer of $12 B for Organon,March's consumer inflation ratecompared to last year, with the consensus expecting 3.4%.2. WALL STREET CALLS:Niketo Neutral at Piper SandlerShake Shackto Outperform at MizuhoServiceNowto Neutral at UBSCiti isin the application software group with six downgrades, including Autodeskand DocuSignIBMwith a Buy at Citi3. AROUND THE WEB:A rumor of a potential takeover approach regarding CommVaultwas highlighted in Ben Harrington's buyout-focused Betaville blogYouTubehas raised prices for YouTube Premium and Music subscriptions, Variety reportsAppleplans to shut down its first unionized store in Maryland, Reuters reportsConocophillipswill evaluate oil prospects in Venezuela, Bloomberg reportsItaly is replacing Leonardochief Roberto Cingolani, Reuters says4. MOVERS:Spire Globalrises after Canaccordon the sharesCars.comhigher after announcing an increase to its buyback program and anZentalis Pharmaceuticalsgains after Guggenheimon the sharesFair Isaaclower after Barclayson the sharesProPetrofalls after Goldman Sachscoverage of the stock with a Neutral rating5. EARNINGS/GUIDANCE:WD-40reportedand reiterated its FY26 guidanceTecnoglassscut itsBeam GlobalreportedSimulations Plusreportedand cut its FY26 earnings guidanceLotus Technologyreported ain Q4 revenueINDEXES:Near midday, the Dow was down 0.46%, or 221.08, to 47,964.72, the Nasdaq was up 0.29%, or 65.34, to 22,887.76, and the S&P 500 was down 0.09%, or 5.87, to 6,818.79.