Core Insights - Coinbase reported Q1 revenue of $2.034 billion, a year-on-year increase of approximately 24%, but a quarter-on-quarter decline of 10% compared to Q4 2024. Net profit plummeted 94% year-on-year to $65.61 million [1][2] - To shift market focus from disappointing earnings, Coinbase announced the acquisition of Deribit for $2.9 billion, marking the largest acquisition in the cryptocurrency sector to date [1][6] - Bitcoin's price surpassed $100,000 on the same day, indicating a potential market rebound [1] Financial Performance - Coinbase's Q1 revenue and net profit fell short of market expectations due to decreased market activity and the valuation of crypto assets [2] - The overall cryptocurrency market capitalization dropped nearly 20% to approximately $2.7 trillion, impacting Coinbase's performance [2] - Trading volume for Coinbase decreased by 10%, leading to a 19% decline in trading revenue to $1.3 billion [2] Market Environment - The cryptocurrency market is experiencing a downturn influenced by tariff policies and macroeconomic uncertainties [2] - Coinbase's stock price fell by 31% in Q1 2025, marking its worst quarterly performance since the FTX collapse in late 2022 [4] User Trust and Security Issues - Coinbase is reportedly losing user trust, highlighted by over $45 million stolen from users through social scams in the past week [5] - The personal investor dominance index for Coinbase is only 18.3%, significantly lower than Binance's 89.6% and Bitget's 50.1%, indicating declining appeal to retail investors [5] Acquisition of Deribit - The acquisition of Deribit, which holds over 80% of the options market share, is seen as a strategic move for Coinbase to enhance its product offerings and market position [6][7] - The deal includes $700 million in cash and 11 million shares of Coinbase Class A common stock, pending regulatory approval [6] - The global cryptocurrency derivatives market is maturing, with daily trading volumes exceeding $100 billion and monthly trading volumes surpassing $3 trillion in 2024 [7] Strategic Implications - The acquisition is viewed as a critical step for Coinbase to transition into a comprehensive trading platform that includes spot, futures, perpetual contracts, and options trading [6] - Industry experts suggest that this move is an attempt to pivot towards high-value, high-barrier derivatives markets amid stagnation in traditional business growth [8]

Core Insights - The recent volatility in Bitcoin (BTC) prices has garnered significant attention in the cryptocurrency market, with notable price fluctuations prompting discussions among market participants [1] Group 1: XBIT Decentralized Exchange Platform - XBIT decentralized exchange platform is emerging as a key player in the cryptocurrency trading sector, offering a secure, efficient, and convenient trading environment [3] - The platform utilizes decentralized technology, reducing reliance on traditional centralized institutions, thereby lowering trading risks and ensuring asset security for users [3] - XBIT's trading mechanism is characterized by transparency and public accessibility, with every transaction recorded on the blockchain, making it traceable and immutable [3] Group 2: Market Adaptability and User Trust - XBIT has demonstrated strong adaptability in the face of market volatility, continuously optimizing trading algorithms to enhance efficiency and ensure stable transactions during significant BTC price fluctuations [3] - Recent technical upgrades allowed XBIT to handle a surge in trading requests effectively, maintaining smooth transaction processes and earning user trust [3] Group 3: Diverse Trading Options and User Experience - The platform offers a wide range of trading pairs, catering to diverse investment needs, whether users are interested in mainstream cryptocurrencies like Bitcoin and Ethereum or emerging digital currencies [5] - XBIT emphasizes user experience with a user-friendly interface suitable for beginners and provides 24/7 customer support to assist users with trading-related inquiries [6] - As the cryptocurrency market evolves, XBIT is positioned to leverage its technological advantages and quality services to provide stable and reliable trading solutions for users [6]

币圈最新消息：在区块链技术的浪潮中，Solana链上的原子套利成为近期国际热门话题，这一新型套利 方式正在引发市场的广泛关注。XBIT去中心化交易所平台作为去中心化金融领域的重要参与者，凭借 其先进的技术和安全的交易环境，为用户提供了应对市场变化的新选择。 原子套利作为一种创新的交易模式，通过在一个单一的、原子的区块链交易中完成多个步骤的套利操 作，消除了传统跨交易所套利中存在的对手方风险和部分执行风险。这种技术优势使得原子套利在 Solana链上的占比迅速攀升，据sandwiched.me数据显示，原子套利在Solana链上的占比已高达74.12%， 通常也维持在50%以上。XBIT作为去中心化金融领域的重要参与者，也注意到了这一趋势。这意味着 Solana链上每两笔交易中，就有一笔可能是原子套利。 图片来源:币界网 币圈最新消息显示，尽管原子套利在技术上具有显著优势，但从实际参与者的角度来看，其盈利难度较 大，且存在较高的成本和风险。近一个月来，Solana链上的原子套利获利12万枚SOL，价值约1700万美 元。然而，大多数参与者由于缺乏技术基础和独特的套利机会监测工具，最终无法覆盖基础费用。一些 开发 ...

Core Insights - Coinbase Global, Inc. reported $2.03 billion in revenue for Q1 2025, a year-over-year increase of 24.2% [1] - The EPS for the same period was $1.94, compared to $1.65 a year ago, with an EPS surprise of +4.86% [1] - The reported revenue was a surprise of -4.12% compared to the Zacks Consensus Estimate of $2.12 billion [1] Financial Performance Metrics - Trading Volume reached $393 billion, exceeding the estimated $387.82 billion [4] - Monthly Transacting Users were 9.7 million, surpassing the estimate of 9.17 million [4] - Other revenue was reported at $73.98 million, slightly above the estimate of $72.47 million, reflecting a year-over-year change of +31.9% [4] - Net Revenue from Transaction revenue was $1.26 billion, slightly below the estimate of $1.28 billion, with a year-over-year change of +17.2% [4] - Total Net Revenue was $1.96 billion, compared to the average estimate of $1.98 billion, representing a year-over-year change of +23.5% [4] - Subscription and services revenue was $698.10 million, close to the estimate of $698.46 million, showing a +36.6% change year-over-year [4] - Institutional Transaction Revenue was $98.90 million, below the average estimate of $122.37 million, with a year-over-year change of +15.8% [4] - Consumer Transaction Revenue was $1.10 billion, compared to the estimate of $1.15 billion [4] - Blockchain Subscription and services revenue was $196.60 million, below the estimate of $217.51 million, reflecting a year-over-year change of +30.3% [4] Stock Performance - Coinbase Global's shares returned +11% over the past month, compared to the Zacks S&P 500 composite's +11.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]

Core Insights - Bitget, a leading cryptocurrency exchange and Web3 company, significantly impacted the TOKEN2049 event as a gold sponsor, engaging with industry leaders and thousands of attendees [2][9] - CEO Gracy Chen highlighted the strong performance of Bitget's native token BGB, with notable growth in market capitalization and user adoption in 2025 [2][9] - Bitget achieved several milestones in 2025, including a 20% increase in total user base, exceeding 120 million users, and a 159% surge in spot trading volume, reaching $387 billion [9] Event Participation - Bitget hosted the Cryptoverse Dream Night on April 30, 2025, gathering over 400 attendees from the ecosystem for a curated evening of networking and entertainment [4] - Following TOKEN2049, Gracy Chen participated in the Hack Seasons Conference 2025, discussing the evolving landscape of digital asset trading platforms and Bitget's strategic initiatives [6] Strategic Focus - Gracy Chen emphasized the importance of real dialogue at TOKEN2049, aiming to transform ideas into actions with builders, users, and investors shaping the cryptocurrency ecosystem [9] - Bitget is committed to integrating centralized and decentralized finance while improving Web3 infrastructure, showcasing its role in shaping the future of the cryptocurrency industry [6][9] Company Overview - Founded in 2018, Bitget serves over 100 million users across more than 150 countries, offering innovative trading solutions and a comprehensive Web3 wallet [10] - The company is a strategic partner in promoting cryptocurrency, including being the official cryptocurrency partner for La Liga in East Asia, Southeast Asia, and Latin America [10]

Core Insights - Analysts expect Coinbase Global, Inc. to report quarterly earnings of $2.04 per share, reflecting a year-over-year increase of 23.6% [1] - Revenue projections stand at $2.19 billion, indicating a 33.4% increase from the previous year [1] - The consensus EPS estimate has been revised down by 8.7% over the last 30 days, showing a reevaluation of initial estimates by analysts [1][2] Revenue Estimates - Analysts predict 'Net Revenue' to reach $2.03 billion, a 28% increase from the prior-year quarter [4] - The estimate for 'Net Revenue- Total Subscription and services' is $707.49 million, reflecting a 38.5% year-over-year change [4] - 'Net Revenue- Transaction revenue' is expected to be $1.32 billion, up 23.1% from the previous year [5] - 'Other revenue' is projected at $72.47 million, indicating a 29.2% increase year-over-year [5] Subscription and Services Revenue - 'Net Revenue- Subscription and services- Other subscription and services' is estimated at $97.51 million, a 53.1% increase from the prior-year quarter [6] - 'Net Revenue- Subscription and services- Blockchain' is projected to reach $232.09 million, suggesting a 53.8% year-over-year change [6] - 'Net Revenue- Subscription and services- Custodial fee' is expected to be $46.00 million, reflecting a 42.4% increase from the previous year [7] Trading Volume and User Metrics - Analysts forecast 'Trading Volume' to reach $404.23 billion, compared to $312 billion in the same quarter last year [7] - 'Trading Volume - Institutional' is expected to be $320.94 billion, up from $256 billion year-over-year [7] - 'Trading Volume - Consumer' is projected at $83.29 billion, compared to $56 billion in the same quarter of the previous year [8] - The consensus for 'Monthly Transacting Users' is 9.17 million, up from 8 million year-over-year [8] Market Performance - Coinbase shares have returned +27.6% over the past month, outperforming the Zacks S&P 500 composite's +0.4% change [8] - The company holds a Zacks Rank 3 (Hold), indicating expectations to mirror overall market performance in the near future [9]

阿联酋迪拜, May 05, 2025 (GLOBE NEWSWIRE) -- 领先的加密货币交易所和 Web3 公司 Bitget 将以黄金赞助商的身份亮相迪拜 TOKEN2049 大会，为本年度的行业盛事增添浓墨重彩的一笔。 本次大会将于 2025 年 4 月 30 日至 5 月 1 日在 Madinat Jumeirah 会议中心盛大举行，汇聚全球加密货币和区块链生态系统中最聪慧的头脑和最具魄力的创新者。 在这创新涌动的活力之都，当加密货币社区在此齐聚一堂，Bitget 亦将充分展示其持续塑造数字资产格局的战略远见。 大会首日，Bitget 首席执行官 Gracy Chen 将于海湾标准时间下午 3:00 至 3:15 在 io.net 舞台发表主旨演讲。 在题为“Bitget 在动荡市场中蓬勃发展的两大策略”的演讲中，她将深入探讨 Bitget 如何在全球市场波动中稳健前行、蓬勃发展，在把握新兴机遇的同时，始终屹立于创新前沿。 Gracy 的真知灼见将着重阐述 Bitget 如何在变幻莫测的市场环境中创造实际价值，为在不断演变的加密货币生态系统中实现可持续发展描绘蓝图。 Bitget 为进一步扩大影 ...

Core Viewpoint - Bitget has launched a unique campaign titled "Your Team, Your Skin: LALIGA on Bitget," which creatively merges the excitement of football with cryptocurrency trading, allowing users to customize their trading experience with their favorite LALIGA team logos [2][3]. Group 1: Campaign Details - The new feature allows users to decorate the Bitget app with their preferred LALIGA team logos and participate in reward competitions, enhancing user interaction and experience [2][4]. - Users can earn points by completing gamified tasks related to their chosen teams, with weekly leaderboards tracking the best performers, emphasizing the competitive nature of both trading and football [3][4]. Group 2: Company Background - Bitget, established in 2018, is a leading cryptocurrency exchange and Web3 company, serving over 100 million users across more than 150 countries [6]. - The company is known for its innovative trading solutions, including copy trading features, and aims to redefine user interaction with trading platforms by integrating sports culture into the cryptocurrency market [4][6].

Core Insights - The recent lifting of the regulatory ban on banks' cryptocurrency operations by the Federal Reserve marks a significant shift towards clearer compliance pathways in the crypto industry, driven by SEC Chairman Paul Atkins' reform initiatives [1] - XBIT decentralized exchange has emerged as a new safe haven in the global crypto market, attracting a 31% influx of institutional funds in just one week due to its technological innovations and compliance advantages [1] Policy Changes - The Federal Reserve's decision to revoke the "Choke Point 2.0" policy allows banks to restart crypto asset custody and stablecoin reserve management services, improving fiat liquidity [1] - This policy shift aligns with the SEC's new regulatory approach of "cooperation over confrontation," ushering in a new phase of "rules-guided compliance" for the industry [1] - XBIT's platform has seen a 45% increase in daily USDT/USDC cross-chain exchange transactions, surpassing 120,000 transactions post-policy announcement [1] Technological Advantages - XBIT's military-grade security architecture, featuring a quantum-resistant private key system, significantly enhances its competitive edge, with a hacking cost estimated at 10^78 operations [3] - The platform's unique "AI dynamic circuit breaker" mechanism reduces user liquidation rates from the industry average of 45% to 28% by intercepting abnormal transactions during significant price fluctuations [3] - During Bitcoin's price volatility on April 17, XBIT achieved zero liquidation incidents, supported by an $870 million insurance fund stored in cold wallets [3] Compliance and Ecosystem Expansion - XBIT continues to break through in its compliance journey by integrating virtual asset spot ETF staking services in Hong Kong, offering a 6.8% annual yield for BTC/ETH staking [5] - The platform's collaboration with BlackRock to launch tokenized U.S. Treasury products has attracted over 300,000 institutional users, increasing the share of real-world asset (RWA) trading to 23% [5] - XBIT's implementation of ZK-Rollups allows for zero gas fee transactions, maintaining a slippage rate of under 0.02%, which is 90% lower than centralized exchanges [5] Market Trends - The improved regulatory environment has led to a surge in institutional accounts on the XBIT platform, now accounting for 39% of total accounts, with major firms like Goldman Sachs and SoftBank completing over $1.5 billion in large transactions [5] - XBIT's "embedded compliance" model sets a new benchmark for the DEX industry, demonstrating that compliance and privacy can coexist [5] - Future plans include launching U.S. style options trading by 2025 and expanding to 50 fiat currency channels, with a gold tokenization project in collaboration with the Swiss central bank expected to attract over $5 billion in traditional funds by 2026 [5]

在美联储撤销加密监管禁令的历史性政策转折中，XBIT去中心化交易所平台正成为全球投资者布局数 字资产的核心枢纽。据最新数据，该平台单日交易量突破80亿美元，较传统中心化交易所（CEX）龙头 币安高出40%，其创新的"AI动态熔断杠杆系统"更将用户爆仓风险压至行业最低水平，引发机构资金加 速入场。 监管松绑催生行业变局 当地时间4月25日，美联储正式废止"窒息点行动2.0"政策，允许银行重启加密资产托管与稳定币储备管 理服务。这一决定直接推动XBIT去中心化交易所平台的合规化进程，其冷钱包储备金覆盖率达132%， 远超行业平均的98%，成为首个接入香港虚拟资产现货ETF质押服务的DEX平台。XBIT策略师指出，政 策松绑使加密市场法币流动性提升37%，稳定币USDC在跨境支付中的应用增速达215%，而平台的"零 知识KYC"技术更将隐私泄漏风险降低76%，完美契合欧盟MiCA框架要求。 技术革新重塑交易范式 面对传统炒币平台的高风险缺陷，XBIT去中心化交易所平台推出的"AI熔断杠杆"机制成为行业标杆。 该系统通过零知识证明（ZKP）与量子抗性加密技术，实时分析社交媒体情绪与链上交易密度，动态调 整杠杆倍数。例 ...