BlockBeats News: On April 1st, according to Bloomberg, the stock prices of Coinbase Global Inc. and other cryptocurrency related companies were hit hard in the first quarter of 2025 due to increased concerns about the US economic outlook.
Coinbase's stock price fell 31%, marking its worst quarterly performance since the FTX crash at the end of 2022. Almost all major cryptocurrency related stocks have plummeted, from conglomerate Galaxy Digital Holdings Ltd. to mining companies Riot Platforms Inc. and Core Scientific Inc. The situation in the cryptocurrency market is also not optimistic, with Bitcoin's market value falling by more than 10% and Ethereum's market value falling by 45%.
Arthur Hayes, co-founder of BitMEX, said in his latest blog post: "Bitcoin value=technology+legal liquidity, which is effective, and will not change significantly in the near future, whether good or bad. Therefore, Bitcoin trading is entirely based on the market's expectation of the future supply of legal tender. If my analysis of the main shift of the Federal Reserve from treasury bond QT to QE is correct, then Bitcoin hit a local low of $76500 last month, and now we start to move towards the end of $250000. Of course, this is not an accurate science, but if I take gold as an example, if I have to think that Bitcoin will first hit I will bet between $76500 and $110000. Even if the US stock market continues to decline due to tariffs, collapsing profit expectations, or decreased foreign demand, I still believe that the probability of Bitcoin continuing to climb is greater. Recognizing the pros and cons, Maelstrom is cautiously deploying capital. We do not use leverage and make small purchases relative to the size of our total investment portfolio. We have been purchasing Bitcoin and altcoins at all levels between $90000 and $76500. The speed of capital deployment will increase or decrease based on the accuracy of my predictions. I still believe that by the end of the year, Bitcoin can reach $250000
Odaily Planet Daily News: TabiPay, a product under TabiChain, is about to launch. The product integrates with social media account systems such as TikTok and supports users to quickly create Web3 wallets (TabiWallet). The core functions include issuing TabiCard cryptocurrency debit cards that support global consumption, as well as adopting a user incentive model of "consumption is mining".
According to official disclosure, its enterprise payment business has achieved an annual processing volume of 1 billion US dollars. TabiPay aims to build a payment channel that connects traditional social users with Web3.
