Block Shares Sink Most in Five Years on Reduced Profit Guidance
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.
Jevgenijs Kazanins @jevgenijs
I guess, it’s official now: Cash App has maxed out its TAM $XYZ
8:39 PM • May 1, 2025
458 Likes 17 Retweets
27 Replies
Crypto is Coming for the Public Markets
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.
The New Face of DOGE?
There is now a new, powerful and controversial figure at the heart of the DOGE agenda. And it's time you got familiar with him. Like Elon, he is South African born. Like Elon, he is a tech billionaire… And, just like Elon, wherever this man goes… Money just seems to follow. In fact, I wouldn't be surprised to see some people become millionaires, many times over, when this man makes a DOGE-related announcement by July 22nd. See all the details here.
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Democrats reverse course to oppose Senate crypto bill (Politico)
Strategy Buys $180 Million Worth of Bitcoin (Bitcoin Mag)
First Bitcoin user: Celebrating legendary Cypherpunk Hal Finney (Blockworks)
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