A shocking reversal after a 77% shrinkage? The fancy U.S. "elite" Bakkt reaches out for survival, betting on AI to possibly return to the peak? Folks, today I have to talk with everyone about that once prestigious background and the so-called "mainstream" ceiling of Bakkt in the U.S.! The Q1 financial report just released on May 12th, after reading it I truly sighed: in the crypto world, one day is like a year in the human world, even veteran giants are almost crying from being squeezed! 😭 The financial report shows that Bakkt lost $11.7 million this quarter, compared to last year's profit of $7.7 million, it's like night and day. The most heartbreaking part is that its core crypto trading revenue directly dropped from 82.6M to 240 million, a 77% year-over-year plunge! 😱 To put it simply: people used to buy and sell coins on their platform, but trading volume has become bleak, plus other major exchanges are fiercely competing over fees, making Bakkt's "rent collection" business increasingly difficult. However, the veteran "elite" still has some foundation; Bakkt's revenue has fallen, but it still has $8.26 million in cash on hand, and no external debt, indicating the core is still there, not at the point of collapse. Even more explosive, Bakkt has finally figured it out this time: it no longer plans to fight hard in traditional coin buying and selling, but to undergo a major transformation like "last man standing"! This guy just acquired Distributed Technologies Research, gaining "nuclear weapons" in AI payment engines and stablecoin technology. It wants to tell the world: I’m not just a simple "coin stall," I want to do "AI + stablecoin payments"! 🤖💵 What does this mean for us brothers in the crypto game?

First, compliant stablecoins are the future trend. Bakkt, with its deep background, leading the charge, shows that stablecoin payments in the U.S. will become broader and broader, and buying things with coins might become as smooth as scanning QR codes.
Second, AI is starting to fully take over finance. The current market situation, relying solely on human monitoring and manual settlement, is outdated. Bakkt’s transformation into AI financial infrastructure is actually building a "highway" for the entire crypto industry. Although Bakkt looks a bit bleak now, this "amputation for survival" is actually very clever. Traditional trading fees have been squeezed out by large exchanges, and Bakkt must seize the high ground of AI and compliant payments to survive. This is not only its way of survival but also a sign of the entire crypto industry shifting from "speculative gambling" to "technological application"! Do you think this combo of "AI + stablecoins" can help Bakkt regain its throne? Welcome to the comment section for a lively discussion! 👇✨