According to Coinjie.com, Reddit's revenue in the first quarter was US$392.4 million, and the market expected US$370 million; the company expects revenue in the second quarter to US$410 million to US$430 million, while analysts expect US$395.5 million. The company's stock price rose by more than 17% after the market trading.

According to the Bijie.com, the offshore RMB (CNH) was 7.2789 yuan against the US dollar at 04:59 Beijing time, down 91 points from the late New York trading on Wednesday, and the overall trading in the 7.2664-7.2871 yuan range.

According to Coinjie.com, on May 2 (UTC+8), the U.S. Customs and Border Protection Agency confirmed on May 1 local time that auto parts made in Canada and Mexico are part of the USCCA and will be exempted from a 25% tariff, which will take effect on May 3. (Source: Bitpush)

World financial company MGX will use the stablecoin USD1 to complete its $2 billion partnership with crypto exchange Binance, MGX's first investment in a crypto company. USD1 is launched by World Liberty Financial, a decentralized financial project, and is expected to be fully backed by US dollar deposits, short-term U.S. Treasury bonds and other cash equivalents.

According to the Financial Times report on May 1, former US Treasury Secretary Yellen said that the US government's tariff policy will have an "extremely adverse" impact on the United States, and both American consumers and businesses will be negatively affected. Affected by tariff policies, the possibility of an economic recession in the United States has risen significantly. The day before, former US Treasury Secretary Summers also said that the market expects that the US economy has a 70% chance of falling into recession this year. If the U.S. government does not adjust its economic policies as soon as possible, the U.S. economic situation will only worsen further, and the U.S. is now on the wrong path. (CCTV News)

Strategy reported losses in the first quarter financial report, which was lower than expected. Operating expenses increased by more than 1,100% over the same period last year, mainly due to a loss of $5.9 billion in Bitcoin holdings. The company lost $4.2 billion in the first quarter, of which the value of Bitcoin holdings was $52 billion. Nevertheless, its share price rose 30% in a year to $381.6 per share.

On Thursday, Apple (AAPL.O) estimated that if global tariffs remain unchanged, costs in the fiscal quarter ended in June would increase by about $900 million. Apple (AAPL.O) CEO Cook said on the earnings call that Apple believes the impact of tariffs on the second quarter is "limited" because of the company's transfer of supply chains and inventory. “But for the quarter ended June (Fiscal Third quarter), assuming the current global tariff rates, policies and implementation have not changed for the remainder of the quarter, nor have new tariffs added, we estimate that its impact will increase our costs by $900 million,” Cook said. In addition, Cook made it clear that the company is using U.S. suppliers. He expressed support for Apple's plan to spend $500 billion over four years, partly to expand its teams and facilities in Arizona, Nevada, Iowa, Oregon, North Carolina and other places. "We expect to source more than 19 billion chips from more than a dozen states, including tens of thousands of advanced chips produced in Arizona this year," Cook said.

Coinjie.com reported that Amazon's cloud business grew faster than expected in the first quarter for the third consecutive quarter. Amazon Web Services (AWS) revenue rose 17% to $29.27 billion, while analysts surveyed by StreetAccount are expected to be $29.42 billion. The growth rate slowed down from 18.9% in the fourth quarter of last year. AWS is the world's largest cloud infrastructure provider, with revenue accounting for about 19% of the parent company's total revenue. Its biggest rival Microsoft announced its first-quarter growth and guidance on the Azure cloud business on Wednesday, exceeding market expectations. Google, the third-ranked cloud computing provider, had revenue slightly lower than general market expectations last week.

The U.S. Congress is about to release a draft regulatory framework for digital assets in response to an important upcoming hearing. The draft is expected to be similar to the FinTech and 21st Century Tech Act passed last year, focusing on how to define the structure of the crypto market and is led by Republican lawmakers. The Republican Party is currently trying to enact legislation with Democratic support to regulate the entire crypto industry, which is expected to be discussed at a joint meeting on May 6.

Kraken achieved revenue of US$47.2 billion in the first quarter of 2025, a year-on-year increase of 19%, mainly affected by market volatility in the first quarter. Its adjusted profit before interest, tax, depreciation and amortization (EBITA) rose 17% year-on-year to US$18.74 billion, and trading volume increased by 29%. Kraken plans to conduct an IPO next year and acquires NinjaTrader to conduct derivatives trading in the United States, while establishing a brokerage partnership with Alpaca to enter the stock and ETF markets.