BBX: Metaplanet Q1 lost $700 million but had an operating profit margin of 73.6%; EToro crypto revenue -38% but net contribution+19%; JPMorgan Releases JLTXX Tokenized treasury bond Fund

BBX News: Metaplanet Q1 revenue+251%, operating profit margin 73.6%, but a net loss of $725.6 million due to a write down of $737.6 million in non cash BTC; EToro Q1 crypto net contribution of $13 million (-24%), overall net contribution of $258 million (+19%), quadrupled commodity trading volume, and completed Zengo acquisition; JPMorgan has officially released the JLTXX tokenized money market fund, which runs on the Ethereum chain and has $100 million seeds, designed specifically for GENIUS Act stablecoin reserve compliance. Core points: - Metaplanet (TSE: 3350): Q1 net loss of $725.6 million ($737.6 million non cash BTC write down), revenue of $19.5 million (+251%), operating profit margin of 73.6%; 40177 BTC (Q1+5075 coins), BTC Yield 2.8%， Third globally; Credit has been withdrawn for $302 million; Maintain annual guidance; The stock price is -3.82%. EToro (NASDAQ: ETO): Q1 crypto gross revenue of $2.15 billion (-38%), crypto net contribution of $13 million; Overall net contribution of $258 million (+19%, exceeding expectations); EPS $0.91 (over $0.75); 60% commission on commodity transactions; Complete the acquisition of Zengo; New York launches cryptocurrency trading. JPMorgan (NYSE: JPM): JLTXX tokenized money market fund officially launched on May 13th; Ethereum public chain+Kinexys platform; $100 million seeds; Only invest in US treasury bond bonds and overnight repo; Specially designed for GENIUS Act stablecoin reserve compliance; Annual fee of 0.16%; Minimum investment of 1 million yuan; The SEC registration will take effect on May 13th. Source: bbx.com