Oy vey! Changpeng Zhao – you know, the guy who used to run that… exchange – now has his own lab, YZi Labs. And what are they up to? Investing in BitGo! BitGo, the crypto custodian, which just did a little dance on the New York Stock Exchange. A dance that, frankly, looked a little…schleppy.
- So, YZi Labs is betting on regulated crypto stuff. Because, you know, regulations are always boringly reliable.
- BitGo’s big debut? Let’s just say it had more ups and downs than a Borscht Belt comedian’s career.
“BitGo has maintained a hack-free security record for over a decade, a testament to the technical foundation,” YZi Labs head Ella Zhang said on January 23rd. A decade? That’s like, three internet lifetimes! She’s making it sound like they invented the wheel…and then locked it in a vault.
“As the digital asset industry matures, BitGo’s regulated, institutional-grade infrastructure has become a critical competitive advantage,” Zhang added. Oh, Maturity! A concept foreign to most things crypto, but good for them trying!
The amount they invested? A secret! Top secret! More secret than the recipe for my bubbe’s brisket. But YZi Labs believes U.S.-regulated crypto infrastructure is “inevitably vital.” Vital? Oy, the hyperbole!
BitGo, started back in 2013 (ancient history in crypto years), holds everyone’s digital gold – around $82 billion worth! That’s a lot of shekels!
This BitGo thing was the first crypto IPO of 2026! (Yes, you read that right…2026). They wanted $15-$17 a share, but got $18! They raised $212.8 million, making the whole company worth over $2 billion. Enough to buy a small country…or a really big yacht.
The stock, traded as BTGO, zoomed up 36% then promptly tripped and fell, ending up back near where it started. A typical day on Wall Street…or in crypto! It’s like watching a rollercoaster designed by someone who’s never been on a rollercoaster.
They even got permission to be a bank! A crypto bank! So, you can trust them with your money… maybe. It’s a new world, folks!
Besides YZi Labs, a whole bunch of other fancy people threw money at BitGo. Goldman Sachs, Galaxy Digital, even a guy named Novogratz! What a group!
YZi Labs diversifies its investment portfolio
YZi Labs – formerly Binance Labs, because rebranding is very important – is basically where Changpeng Zhao and Yi He keep their play money. They’ve invested in over 300 things in 25 countries! They’re spreading their wealth like a deli spreading cream cheese!
And now, they’re into AI! Last year, they funded a video education startup. Because what’s more logical than that? From crypto to explaining videos… the world makes so little sense.
Read More
- You Won’t Believe How Kite Just Raised $18M To Make The Web Smarter (And Maybe Richer)
- Gold Rate Forecast
- Silver Rate Forecast
- Brent Oil Forecast
- BNB PREDICTION. BNB cryptocurrency
- Crypto’s Grand Ball: Whales Flee, PUMP Sits Alone 🕺💸
- ATOM PREDICTION. ATOM cryptocurrency
- DOGE PREDICTION. DOGE cryptocurrency
- Trump’s Crypto 401(k) Plan: Retirement or Racket? 🤔💰
- Ripple’s RLUSD: A Billion-Dollar Joke or Financial Genius? 🤡💰
2026-01-23 12:08