Coinbase purchases $880 million worth of Bitcoin in the first quarter of 2026

According to The Block, JPMorgan analysts have stated that after the Iran conflict, Bitcoin's performance as a currency depreciation hedge tool has gradually surpassed gold. The team led by Managing Director Nikolaos Panigirtzoglou pointed out that the Bitcoin ETF has recorded inflows for three consecutive months, while the gold ETF has not fully recovered its March outflows. Analysts also mentioned that the holdings of CME Bitcoin futures and offshore perpetual futures have reached new highs, indicating that institutional investors are also increasing their exposure to Bitcoin. Meanwhile, momentum signals for both Bitcoin and gold have rebounded since the conflict.

According to The Block, Coinbase had a net loss of $394 million in the first quarter, compared to a net profit of $66 million in the same period last year. The significant drop in cryptocurrency prices resulted in an investment loss of $482 million recorded on its balance sheet. The total revenue for the first quarter was 1.41 billion US dollars, a year-on-year decrease of 31%; Transaction revenue decreased by 40% year-on-year to $756 million, while subscription and service revenue decreased by 14% to $584 million. This is Coinbase's second consecutive quarter of net loss.

PRO chip distribution data shows that in the past month, 50% of ETH's traded chips were concentrated in the range of $2293.38 to $2378.62. Currently, the ETH price is located below the chip concentration zone, about 0.12% from the lower edge of the range, and $2293.38 will become a key resistance in the near future. Pay attention to the support and conversion situation at this point. If the subsequent volume breakthrough and steady hold, ETH price is expected to further explore upward; If encountering obstacles and falling back, there is a high probability of returning to the bottom. Using the PRO "Chip Distribution Map" can clearly locate key long short conversion levels, avoiding chasing high resistance levels. The data is for reference only.

1. Tom Lee: Cryptocurrency winter has ended, now it's the arrival of spring 2. The number of initial jobless claims in the United States this week was 200000, lower than expected by 205000 people 3. Spot gold breaks through $4760/ounce, with a daily increase of 1.49% 4. Xinhua News Agency: The United States and Iran may be close to reaching a temporary agreement, including a one page short-term memorandum divided into three stages 5. JPMorgan: Strategy: Bitcoin purchases may reach approximately $30 billion this year 6. Michael Saylor: Should buy more Bitcoin than sell it 7. CZ: Binance's approximately 320 million users are accelerating the tokenization of gold, crude oil, and stocks 8. Donald Trump Jr.: The United States should become the center of the cryptocurrency revival The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/533017

According to Lookonchain monitoring, the address 0xee25 of the giant whale has opened 1.97 million TON long positions with triple leverage in the past 5 hours, valued at approximately 5.39 million US dollars, with a liquidation price of 0.944 US dollars.