Publicly traded Bitcoin miners are facing challenges, as seen in MARA Holdings' disappointing $533 million net loss for Q1 despite increasing Bitcoin holdings to 47,531 BTC. Their revenue rose 30% year-over-year to $214 million, but their mining output fell 19% as Bitcoin network halving reduced rewards. Analysts remain hopeful about Canaan’s prospects due to its North American expansion, even as its stock dipped. Meta is reportedly exploring the use of stablecoins to reward content creators on its platforms, suggesting potential future engagement in the cryptocurrency space, following the failure of its previous stablecoin project, Diem. Meanwhile, Coinbase's earnings report revealed a 10% revenue drop and a 94% decrease in net income year-over-year, coinciding with their $2.9 billion acquisition of Deribit, indicating a decline in retail trading volume amid a tough market environment. Despite these setbacks, interest in USDC remains strong for the exchange.

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