The GCC&#8217;s new logistics routes could reshape regional trade and heighten 
geopolitical tensions, impacting global oil markets and security dynamics.
The post Iran conflict prompts GCC to bypass Strait of Hormuz with new 
logistics routes appeared first on Crypto Briefing.

Iran conflict prompts GCC to bypass Strait of Hormuz with new logistics routes

Exodus Movement sold more than 1,000 Bitcoin in the first three months of 2026 
to fund a push into financial technology, raising $73 million in the process. 
Related Reading: Bitcoin Bulls Awaken As Rare Golden Cross Signal Flashes On 
Charts The crypto wallet company cut its Bitcoin holdings from 1,704 to 628 
coins by March 31 — a reduction of roughly 63% — with nearly all the proceeds 
directed toward acquiring W3C Corp., the parent company of fintech firms 
Monavate and Baanx. Revenue Takes A Sharp Hit The Bitcoin sales came as Exodus 
reported a steep drop in earnings. Total revenue for the quarter ended March 
31 fell to $22.7 million, down from $36 million during the same period a year 
ago — a decline of nearly 37%. Exchange aggregation, which accounts for the 
bulk of company income, took the hardest hit, falling almost $14 million as 
user trading activity slowed significantly. Monthly active users slipped from 
1.6 million to 1.5 million year over year. Quarterly funded users dropped even 
more sharply, falling 22% to 1.4 million from 1.8 million. Exodus pointed to 
macroeconomic pressures — including revised Federal Reserve growth projections 
and uncertainty around tariff policy — as contributing factors. The company 
also warned that price swings in digital assets could continue to affect its 
results in coming quarters. Net Loss More Than Doubled The financial results 
reflected more than just a drop in trading. Exodus posted a net loss of $32 
million for the quarter, compared to a nearly $13 million loss in Q1 2025. The 
company&#8217;s broader digital asset portfolio recorded a net loss of $36.4 
million, driven by $76.8 million in unrealized losses, though partially offset 
by $40.4 million in realized gains on asset exchanges. On the balance sheet, 
cash and cash equivalents rose sharply. The company ended the quarter with 
nearly $73 million in cash, up from just $4.9 million at the close of 2025. 
New Products In The Pipeline Even as the core business contracted, Exodus 
rolled out a new product. XO Cash, a stablecoin toolkit built on Solana with 
payments company MoonPay, allows AI agents to make purchases through Visa&#8217;s 
payment network without exposing user private keys. Related Reading: Shiba Inu 
Bullish Momentum Explodes As Buying Pressure Intensifies Featured image from 
Getty Images/GeorgeManga, chart from TradingView

Crypto Firm Exodus Drains 63% Of Its Bitcoin Reserves As Q1 Loss Doubled Year Over Year

CoinMarketCap warns it has no token or coin as fake CMC token promotions and 
impersonation scams target crypto users online.

CoinMarketCap warns users over fake CMC token scam

Bitcoin&#8217;s surge to $80k boosts investor confidence, reducing forced selling 
risks and supporting price stability predictions above $72k.
The post Bitcoin hits $80k, selling pressure eases as short-term losses drop 
appeared first on Crypto Briefing.

Bitcoin hits $80k, selling pressure eases as short-term losses drop

Jane Street has reduced several major Bitcoin-linked holdings during the first 
quarter of 2026 while adding to its exposure across Ether ETFs and selected 
crypto equities. According to a 13F filing released Tuesday, the Wall Street 
trading firm sharply lowered…

Jane Street cuts Bitcoin ETF holdings while boosting Ether exposure

Rising tensions and potential ceasefire collapse could destabilize the region, 
increasing risks of broader military conflicts and economic impacts.
The post Iran threatens US retaliation as Trump considers ending ceasefire 
appeared first on Crypto Briefing.

Iran conflict prompts GCC to bypass Strait of Hormuz with new logistics routes

Comments