Public keys: Mining malaise, Coinbase miss and hey, who’s the new kid?

MARA Holdings faced a staggering loss of 533 million USD in Q1 2025. Despite raising Bitcoin holdings to 47,531 BTC, with a revenue increase of 30%, the company’s earnings missed Wall Street expectations, emphasizing mining’s challenges as output decreased.

Coinbase reported a 10% drop in revenue, totaling 2 billion USD, falling short of estimates. Meanwhile, Meta is reportedly considering using stablecoins for rewarding content creators, signaling an interest in the crypto space amidst its ongoing restructuring.

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