Industry Reports

According to Glong Hui, American Bitcoin reported on May 7 that the mining company posted an $82 million net loss in the first quarter, marking its second consecutive quarterly loss. Revenue declined approximately 20 percent to $62 million, driven by declining bitcoin holdings value. The company

According to a recent global stablecoin research report released by Standard Chartered, the global stablecoin issuance has surpassed $320 billion, and in Q1 2026 the total stablecoin transaction volume exceeded $28 trillion, setting a historic high for a single quarter. The report notes that non-USD stablecoins have substantial room for expansion, with Taiwan’s score comparable to the Singapore market. Analysis of Global Stablecoin Market Concentration and Non-USD Demand According to the Standar

According to Decrypt’s May 9 report, Bitcoin miner and data center operator TeraWulf (WULF) released its 2026 first-quarter financial results, recording a net loss of approximately $427 million. Total quarterly revenue was $34 million, of which revenue from its AI high-performance computing (HPC) business was $21 million, marking the first time in TeraWulf’s history that its quarterly HPC revenue surpassed Bitcoin mining revenue.

According to a16z Crypto, tokenized real-world assets (RWA) have exceeded $300 billion in size, growing 10-fold over the past two years. U.S. Treasury bonds account for nearly half of the total, with the asset class expanding to include government debt, commodities, equities, and private credit on-c

TeraWulf for the first time in 2026 Q1 saw HPC lease revenue exceed Bitcoin mining revenue, accounting for 62% of total revenue. The main reason was Core42’s long-term data center contract; however, the company posted a net loss of $427.6 million this quarter, mainly due to non-cash warrant revaluation and interest costs. The company is driving expansion with a $301.9 million acquisition via Hawesville. It has $3.09 billion in cash and restricted cash, with subsequent progress pending power-up and new customer contract signings.

According to Galaxy Research, the firm's latest report projects that by 2030, GENIUS stablecoin could generate between $400 billion in baseline scenario credit expansion and $1.2 trillion in optimistic scenario. The report, disclosed by Galaxy Research managing director Alex Thorn, found that 60-70%

According to TeraWulf's Q1 2026 earnings report, the company's high-performance computing lease revenue reached $21 million, surpassing its digital asset revenue of just under $13 million. The milestone marks the first quarter in which HPC leasing meaningfully contributed to the company's

According to TeraWulf's Q1 earnings report cited by ChainCatcher, the bitcoin miner's high-performance computing (HPC) rental revenue reached $21 million, surpassing bitcoin mining revenue of under $13 million for the first time. The company reported total Q1 revenue of $34 million, flat year-over-y

According to Odaily, Bitcoin mining company Core Scientific reported Q1 2026 total revenue of $115 million and net loss of $347 million. Bitcoin network average hashrate reached 970.8 EH/s this week (May 1-7), up 2.67% from the prior week's 945.5 EH/s, according to Cloverpool. Bitcoin

According to the official earnings report released by Coinbase after the market closed on May 7 (Thursday), the company recorded a GAAP net loss of $394.1 million in Q1 2026. Based on the earnings report data, total revenue for the first quarter was $1.41 billion, below analysts’ expectations of about $1.5 billion; after the earnings report was released, Coinbase’s share price fell 4.7% in after-hours trading to below $184.

According to the blockchain security firm BlockSec, in a May report titled “Stablecoin Issuer Freezing Risk and Treasury Security Management White Paper,” its USDT Freeze Tracker on-chain statistics show that as of May 7, over the past 30 days Tether has cumulatively added 384 addresses to the blacklist across the Ethereum and Tron networks, involving frozen funds of about $515 million.

According to its investor presentation, Block Inc recorded a $173 million bitcoin remeasurement loss in Q1 2026, contributing to a $309 million net loss attributable to common stockholders. The company's corporate bitcoin treasury and customer bitcoin holdings together stand at 28,355 BTC, valued at

The tokenized real-world assets sector crossed a major threshold, with total value locked in RWAs surpassing $31 billion in 2026, up nearly four times from $7.8 billion at the start of 2025, according to CoinGecko's RWA Report 2026. Market capitalization reached $19.3 billion by the end of

According to its SEC filing on Wednesday, American Bitcoin (ABTC), the bitcoin mining firm co-founded by Eric Trump, reported an $81.8 million net loss in Q1 2026, compared with a $59.5 million loss in Q4 2025. Mining revenue fell to $62.1 million from $78.3 million previously, while a $117.2 millio

Crypto exchange-traded product (ETP) has mirrored a record inflow in the last week, which has helped it to bounce back to highs. According to CoinShares report the vast crypto ETPs collectively gathered $3.4 billion inflow from April 21 to April 25, the recently recorded inflow is highest since

In August this year, the crypto market lost $163 million in 16 major hacks, the highest lost amount was $91.4 million by an individual, and BtcTurk lost $54 million. The losses in August 2025 are 15% greater than the amount lost in July this year, which was $142.16 million; in June, collective loss

JPMorgan pointed out that stablecoin trading volume is rising rapidly, and higher velocity may mean market cap does not necessarily grow in sync. It estimates stablecoin market cap in 2028 will be $500-$600 billion, which is conservative compared with more optimistic trillion-dollar predictions. In 2026 Q1, market cap was $315 billion, trading volume was $2.8 trillion, and annualized volume was $1.72 trillion. This view differs from a16z’s “programmable money” thesis, showing that the stablecoin debate has entered mainstream institutional discussions.