From Cointelegraph
April 4, 2025 4:00 PM:

The crypto industry is facing a challenging time despite regulatory alignment under President Trump. Bitcoin and Ether saw their worst Q1 performance in seven years, leading to a significant drop in market sentiment and Coinbase stock. Investors are hopeful for positive catalysts in the upcoming months.

Coinbase stock plummeted by 33% in Q1 due to Trump’s tariff war and market volatility. Despite short-term challenges, the company’s revenues doubled in 2024. The Trump family is actively investing in the crypto industry, backing a new Bitcoin mining venture and accumulating a large digital asset portfolio.

Stablecoin issuer Tether acquired 8,888 Bitcoin in Q1, bringing its total BTC holdings to 100,521 valued at $8.7 billion. Tether’s profitable stablecoin operations allow for Bitcoin acquisitions and venture capital expansion. Despite success, Tether faces criticism and negative reports from various sources.

GameStop raised $1.5 billion through a convertible debt offering to add Bitcoin to its balance sheet. The company’s board approved the plan to invest in Bitcoin and stablecoins. GameStop shares have been volatile since announcing its intentions to acquire BTC, hinting at future acquisitions.

Read more at Cointelegraph: The ‘worst quarter’ since the FTX collapse is finally behind us