revaluation

According to The Block, Jack Dorsey's fintech company Block recorded a revaluation loss of $173 million in the first quarter due to fluctuations in Bitcoin prices, resulting in a net loss attributable to common stockholders of $309 million.Block holds 28,355 Bitcoins, valued at approximately $2.2 billion. Despite this non-cash loss, Block's total gross profit in the first quarter increased by 27% year-on-year to $2.91 billion. Cash App's gross profit grew by 38% to $1.91 billion, but the Bitcoin business declined by 31% year-on-year. Square's Bitcoin business remained largely unchanged, with related revenue of approximately $28 million, offset by roughly equivalent costs, making its impact on gross profit negligible.Adjusted operating profit increased by 56% to $728 million, and adjusted earnings per share grew by 52% to $0.85. Block raised its full-year performance expectations, forecasting a 19% year-on-year increase in gross profit for the full year of 2026 and a 62% increase in adjusted diluted earnings per share.

As AI transitions from "the capabilities of a few" to "a widely used basic tool," the old models that rely on information asymmetry and poor execution are being dismantled. Projects with data barriers and closed-loop scenarios are beginning to emerge. On April 7th at 8 PM, a Space live discussion on "the new stage of the AI industry" will take place, focusing on the core changes in the industry after the popularization of AI tools, which tracks are being disproven, which can transcend cycles, and where future value ultimately lies—whether in tools, models, or scenario integration.

ChainCatcher news, according to Bitcoin Laws, U.S. Senator Cynthia Lummis has reintroduced the Bitcoin bill to the Senate, after the previous 2024 version was shelved in committee. The new version proposes to purchase 1 million bitcoins over 5 years, similar to the previous version, but there are several key differences.The 2025 Bitcoin bill sets a stricter plan to purchase 200,000 bitcoins per year (instead of "up to" 200,000 in the 2024 version). The new version also strengthens the holding requirements and removes the exception clause regarding the repayment of federal debt instruments that was present in the previous version.The bill adds provisions to coordinate bitcoin purchases with the Exchange Stabilization Fund (ESF), which was not mentioned in the 2024 version. The ESF is a reserve fund of the U.S. Treasury, with approximately $39 billion in assets, and the executive branch's bitcoin acquisitions may draw on this fund.Regarding gold revaluation, the new version explicitly states that the proceeds from revaluing the Federal Reserve's gold will be used to purchase bitcoins, whereas the 2024 version only included these funds in the general fund, marking a significant change.