Q1
Coverage of Q1 in the Nexus archive.
- Zcash Foundation ends Q1 with $36.69M in liquid assets and operating expenses of $817K
The Zcash Foundation reported $36.69M in liquid assets and $817K in operating expenses for Q1, with team compensation being the largest expense category. The foundation's financial report highlights its current financial standing. The operating expenses are a significant aspect of the foundation's overall financial health.
- Kraken parent Payward's Q1 revenue climbs despite crypto market slump
Kraken's parent company Payward reports a revenue increase in Q1 despite the crypto market experiencing a slump. This growth indicates a positive outlook for the company. The exact revenue figures are not provided in the article.
- Bullish shares dip on Q1 earnings miss, $605M loss
Bullish shares dropped due to a first-quarter earnings miss, resulting in a $605M loss. The company underperformed in the quarter, adding to the list of crypto companies with poor Q1 results. This earnings miss negatively impacted Bullish's stock performance.
- Gemini reports 42% revenue growth after expansion into financial services
Gemini has achieved 42% overall revenue growth following its expansion into financial services. The company's credit card product was particularly successful, with revenue surging nearly 300% to $14.7 million in Q1, driven by significant growth in its user base.
- Trump’s latest disclosure shows Coinbase, Strategy, MARA purchases in Q1
Trump's latest financial disclosure reveals stock purchases in Q1 including Coinbase, Strategy, and MARA. The largest Coinbase transaction occurred on February 10 and was valued between $100,001 and $250,000.
- Strive rallies 5.8% as it clears debt in Q1, unveils daily dividends
Strive's stock rallied 5.8% after the company cleared debt in Q1, despite reporting a net loss of $265.9 million attributed to declining Bitcoin holdings valuations. The company announced plans to begin paying daily dividends to SATA holders starting in June.
- Crypto exchange Bullish reports $604.9 million net loss in Q1, with growth on adjusted basis
Bullish, a crypto exchange, reported a net loss of $604.9 million in Q1 but showed growth on an adjusted basis. The company's CEO, Tom Farley, expressed optimism about future results. Despite the loss, the company seems positive about its prospects.
- Bernstein reiterates $67 Figure target after Q1 loan volumes double, sees 72% upside from tokenization thesis
Bernstein reiterates a $67 target with 72% upside after Q1 loan volumes jumped 113% year-over-year to $2.9 billion. Loan volumes doubled, supporting the tokenization thesis. This indicates significant growth potential.
- Bakkt pivots into stablecoin infrastructure as revenue tumbles 77% in Q1
Bakkt posted a net loss of $0.41 per share in Q1 as revenue fell 77% to $243.6 million due to lower crypto trading volumes. The company is pivoting into stablecoin infrastructure. Revenue has significantly decreased compared to previous periods.
- Crypto wallet provider Exodus reports wider Q1 loss as revenue falls 37%
Exodus Movement reported a net loss of $32.1 million in Q1, compared to a net loss of $12.9 million a year earlier. The company's revenue fell by 37%. This significant decline in revenue and increase in net loss indicates a challenging quarter for the crypto wallet provider.
- Coinbase loses nearly $400 million in Q1 as CEO seeks to reduce dependence on spot crypto trading
Coinbase lost nearly $400 million in Q1 and is transforming to reduce dependence on spot crypto trading. The company aims to become a platform where users can trade many asset classes. This transformation is led by its CEO.
- Coinbase stock declines 5% after missing Q1 estimates on crypto slowdown
Coinbase's stock declined by 5% after the company missed its Q1 estimates due to a slowdown in the crypto market. The decline in stock price reflects investor concerns about the company's performance. Coinbase's revenue and user growth were affected by the crypto slowdown.
- SoFi’s crypto relaunch brought in $121.6 million in Q1. Almost all of it went to costs
SoFi's crypto relaunch generated $121.6 million in Q1, with almost all of it going to costs. This indicates a significant investment in the relaunch. The majority of the funds were allocated towards covering expenses.
- Robinhood’s Q1 crypto revenue and trading volume fall nearly 50%
Robinhood reported a nearly 50% decline in Q1 crypto revenue and trading volume, but saw a 7% year-over-year increase in transaction revenues, totaling $623 million for the quarter.
- I Trusted Strangers With $10 Million in Crypto
The author recounts trusting strangers with $10 million in cryptocurrency between 2024 and 2025, sharing the experience despite hesitations to spark discussions on related topics.