“The worst quarter” since the FTX collapsed recently behind us

US President Donald Trump was supposed to enter into a golden age of encryption. in spite of The organizational stars are in line withThe encryption industry has just witnessed the worst quarter in years.

Bitcoin prices (BTC) And the fragrance (EthThe worst Q1 was scored in seven years, the market morale has decreased to its lowest point since the last bear market, and Coinbase has witnessed its worst sale since the FTX disaster.

With the last quarter in books, investors look forward to positive incentives for Bitcoin and the broader market. This can come in a favorable spring seasonal form, and more clarity on Trump tariff policy The policy change in the wind in the federal reserve.

Coinbase shares has suffered from the worst quarter since 2022

Coinbase stock, which has long been considered a Bellweether’s task for the encryption industry, 33 % decreased in the first quarter Despite reporting the basics of strong business and strong revenue expectations. As CointeleGRAph said, it was the worst annual decrease since the FTX exchange collapsed in late 2022.

Like other non -encryption businesses, Coinbase’s performance suffers from Trump’s identification war pressures, volatile digital asset prices and recycling financial conditions from the previous quarter.

Besides these short -term winds, though, Coinbase is prosperous. The company’s revenues multiplied more than twice in 2024, reaching $ 6.6 billion. Its modified profits rose to $ 3.3 billion, representing two consecutive years of growth.

Trump is a family that supports Bitcoin Mining Project

Despite the fear and fluctuations that sweep the encryption markets, the Donald Trump family doubles its long -term investments in this industry.

On March 31, two of Trump’s sons, Eric and Donald Junior, announced that they were Support a new encryption project Bitcoin called the American. The adventure is owned by the majority by HUT 8, a general encoding worker.

The advertisement said that the American bitcoin “aims to become the world’s largest and most efficient Bitcoin mines in the world while building a strong strategic strategic reserve.”

Despite the decrease in encryption prices, it is difficult for investors to remain a decline in the industry with the Trump family invested severely. The family is behind the Defi project The world is financial freedomWhich collected a A large group of digital assets Which includes ether, bitcoin cabbage (Wbtc), AAVE (AAVE) And chainlink (connection).

Cord chimneys more BTC

Stablecoin Source Tether It strengthened its public budget In the first quarter by obtaining 8888 Bitcoin, according to ONSAIN data that was later certain By CEO Paulo Erdino. The company now owns 100,521 BTC approximately $ 8.7 billion.

Titr is able to obtain bitcoin and expand investment capital, due to the very profitable Stablecoin operations. The company made a profit of $ 13 billion last year, against the backdrop of its huge benefits American treasury bonds.

Despite its success, Tether was the subject of negative reports by the media, industry and politicians. The last JPMorgan report argued that Tether will have to sell part of his Bitcoin holdings to comply with the upcoming American Stablecoin systems.

Spokesman Cold water in conclusionCointelegraph that JPMorgan understands “No Bitcoin or Tether”.

Gamestop is $ 1.5 billion to buy Bitcoin

Video game retailer turned into Meme Stock Gamestop Corporation Prepare to add bitcoin To its public budget after the completion of a $ 1.5 billion -dollar debt offer.

Gamestop said: “The company expects to use clear returns from supply for public companies, including Bitcoin’s acquisition in a way that is consistent with the investment policy in the company.”

Gamestop Council approved Bitcoin investment plan last month. The approval of obtaining the company that was reincarnated in the US dollar.

In addition to raising debts to buy Bitcoin, Gamestop has alluded to the use of part of its $ 4.8 billion cash reserves to finance future acquisitions.

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