Block (XYZ), the fintech company led by Twitter cofounder Jack Dorsey, is down more than 21% after reporting weak Q1 earnings last week. Revenue came in at $5.77 billion, missing the $6.2 billion analysts were expecting. The miss was largely due to a reduction in spending by customers using Cash App. The company still holds its 8k+ BTC.
I guess, it's official now: Cash App has maxed out its TAM $XYZ
— Jevgenijs Kazanins (@jevgenijs)
8:39 PM • May 1, 2025
Data from The Block shows that mentions of the word “cryptocurrency” in SEC filings reached an all-time high of 786 in the month of April 2025. This figure marks a 38% increase from the 569 mentions recorded in March and an 8% YoY rise over the 727 mentions seen in April 2024. Crypto is coming for the public markets.
Ahead of it’s earnings report this week, MARA released its April report card for BTC production. MARA won 205 blocks in April, compared to 242 in March while Energized Hashrate (EH/s) rose from 54.3 to 57.3. The stock is down 10% on the news. In March, the company also launched a $2 billion stock offering primarily to buy bitcoin as it currently holds 48,237 bitcoin.
Democrats reverse course to oppose Senate crypto bill (Politico)
Strategy Buys $180 Million Worth of Bitcoin (Bitcoin Mag)
VanEck files for BNB ETF (The Block)
First Bitcoin user: Celebrating legendary Cypherpunk Hal Finney (Blockworks)