According to BBX data, last weekend Gemini and BlackRock released Q1 data, with the following core dynamics:
Gemini (NASDAQ: GEMI): Q1 revenue of $50.3 million (+42%, exceeding expectations), EPS -$0.93 (better than -$1.03); $100 million BTC strategic investment (1,258 BTC, $14/share); credit card +300%, CFTC DCO license; +17% on May 15.
Coinbase (NASDAQ: COIN): -7.6% on May 15 (CLARITY Act sell-off, Polymarket 59%, Warsh Fed uncertainty, Form 144); data security costs of $180-400M hanging.
BlackRock (NYSE: BLK) IBIT: Mubadala Q1 13F (disclosed on May 16): IBIT holding of 14.7 million shares worth $566 million (+16%), over $500 million for three consecutive quarters; Al Warda holds another $408 million, with a combined peak of over $1 billion.
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Global markets delivered mixed signals. Bitcoin and Ethereum strengthened as institutional flows into spot ETFs supported a recovery in crypto risk appetite, while the Robinhood ecosystem and NFT sector also remained active. In technology, NVIDIA continued to weaken ahead of its earnings release, with investors focused on AI returns, customer capital expenditure, and order execution. PDD Holdings saw significant volatility after reporting results, while Applied Optoelectronics came under pressure following its large equity financing announcement. Investors are also awaiting new rate-path signals from the Jackson Hole Economic Symposium.




























Global markets delivered mixed signals. Bitcoin and Ethereum strengthened as institutional flows into spot ETFs supported a recovery in crypto risk appetite, while the Robinhood ecosystem and NFT sector also remained active. In technology, NVIDIA continued to weaken ahead of its earnings release, with investors focused on AI returns, customer capital expenditure, and order execution. PDD Holdings saw significant volatility after reporting results, while Applied Optoelectronics came under pressure following its large equity financing announcement. Investors are also awaiting new rate-path signals from the Jackson Hole Economic Symposium.