PANews reported on April 1 that according to Bloomberg, the share prices of Coinbase Global Inc. and other cryptocurrency-related companies suffered heavy losses in the first quarter of 2025 due to growing concerns about the U.S. economic outlook. Coinbase's share price fell 31%, marking its worst quarterly performance since the collapse of FTX at the end of 2022. Almost all major cryptocurrency-related stocks plummeted, from conglomerate Galaxy Digital Holdings Ltd. to mining companies Riot Platforms Inc. and Core Scientific Inc. The situation in the crypto market is also not optimistic, with Bitcoin's market value falling by more than 10% and Ethereum's market value falling by 45%.