David Marcus’ Post

Day 879 #Bitcoin was $30K same day last year. Today, it’s $60K but I see people questioning whether it’s a bull market or bear. The crypto industry sets high expectations for itself. Which is a good thing because we strive to achieve bigger targets every cycle. Let’s have similar higher targets for user adoption as well. We need to aim for achieving ‘a billion users on-chain’ target sooner than later. Everyone can contribute to it by building better infrastructure, better dApps and protocols and by helping people understand how to use on-chain products. Let’s contribute towards the growth of this amazing technology 💪 #BuildWeb3

🚀 Exciting News from Coinbase! 📈 Coinbase has outperformed expectations with first-quarter earnings setting new records and demonstrating strong growth across the board! 🔹 Earnings Breakdown: Earnings Per Share: $4.40, smashing the expected $1.09 estimate. Revenue: $1.64 billion, exceeding forecasts of $1.34 billion. Net Income: $1.18 billion, a huge turnaround from last year's loss. 📊 Key Highlights: Transaction revenue nearly 3X this quarter to $1.07 billion. Subscription and services added another $511 million. Consumer transaction revenue rose over 100% from last year, totaling $935 million. 📈 Market Impact: Shares up 30% this year, following a nearly 5X increase in 2023. The surge in #Bitcoin to a new high of over $73,000 in March, coupled with an #Ethereum upgrade, spurred increased trading volumes and demand. 🌐 Strategic Moves: Coinbase has become the go-to custody partner for several new U.S. spot #bitcoinETFs, attracting over $50 billion by Q1's end. #Coinbase #EarningsReport #Cryptocurrency #Blockchain #Finance #Innovation #Growth

Coinbase & Circle Pave the Way for a New Era of #USDC Coinbase and Circle, who joined forces five years ago to introduce USDC, are taking their partnership to the next level. Coinbase is investing in Circle, underscoring their common vision for the future of finance. In an effort to broaden its impact, USDC will be rolling out on six additional blockchains from September to October, increasing its presence across multiple chains to 15. With more defined global stablecoin regulations, Circle will take on full governance responsibilities, including the management of smart contracts. This will mark the dissolution of the Centre Consortium, which originally oversaw USDC. #CryptocurrencyNews #USDCExpansion #FinanceInnovation #coinbase #circle #crypto #blockchain

I'm sharing what I think is an interesting experiment 🤓 A struggle many people who've been in the space face is how to get exposure to projects ahead of listings (assuming you didn't get an allocation through private investment with the foundation itself, which typically requires either some favoured relationship, and/or going through syndication, and/or large ticket size). I might be late to the party but I found Whales Market (https://app.whales.market/) which allows people with allocations to do OTC trades on upcoming airdrops or points markets. I was skeptical and so only put $1,000 to buy Ethena Labs shards (on top of the ones I had from my actual staking on the protocol). The transaction was successfully settled and I got $ENA tokens at an average price of $0.57, below the current $1.1. It's worth noting that: 1) the counterparty could've defaulted -but then they would've lost a certain collateral amount they had to deposit. 2) it's very hard to value what points are actually worth and the amount of token they'd ultimately result in. 3) there's a delay between the issuance and listing of the token and when you get your token, which worked out well this time but could've been painful depending on price action. I do love that it's all on-chain and so smart-contract based. If the transaction doesn't happen, the committed capital returns to your issuing wallet address (and so you only lost the opportunity cost of the transaction). Not sure which project I'll try this again and what amount I'll feel comfortable putting up but I have to say that, this time, it worked and was a good experience. If you've made it this far, please like and comment; it really does help :) #bitcoin #ethereum #crypto #cryptocurrencies #defi #blockchain #trading

The CEO of binance announced his resignation today. https://lnkd.in/dWPZTvrF “The last part of the tweet sort of absorb CZ and Binance and lay a foundation for binance strong commitment to keeping users fund safe “On that note, I am proud to point out that in our resolutions with the U.S. agencies they: - do not allege that Binance misappropriated any user funds, and - do not allege that Binance engaged in any market manipulation. Funds are SAFU! With that, I look forward to seeing the new leadership take the reins. Please join me in congratulating Richard on his well-deserved promotion. Onwards! CZ” Wishing the best to the new leadership of binance and the future blockchain/crypto industry And to encourage the industry to stay on the path of compliance as we continue to improve and build while enjoying the benefits of web3. #bnb #cz #web3 #blockchain #bitcoin #ethereum #decentralizedfinance #cbdc #sabichatFi #web2web3 #sabiwallet

Can Coinbase RALLY to NEW ALL-TIME HIGHS thanks to Binance's CRASH? Irk delves into the aftermath of #Binance CEO/Founder Chengpeng Zhao's resignation and potential jailtime. With Binance losing $1.5 billion in customer funds, will #Coinbase (#COIN) take over as the #1 #cryptoexchange for #Bitcoin and #altcoins? What does this mean for Coinbase's #stock? Irk provides insightful predictions and discuss the potential impact on Coinbase's stock value, user base, and reputation in the #cryptocurrency community. Irk investigates the pros and cons of #investing in Coinbase including the challenges still facing the company and the stock headed forward. https://lnkd.in/gWiseu7j

Coinbase Takes Stake in Stablecoin Issuer Circle. According to a recent press release, Coinbase Global Inc. has taken a minority stake in stablecoin issuer Circle. The two organisations have also announced that they are dissolving their Centre Consortium partnership which was used to issue the USDC stablecoin until now. Circle will now bring the issuance and governance of USDC fully in-house. Following the move, Coinbase and Circle’s revenue from USDC will reportedly be shared based on the amount of USDC held on each of their platforms, with an additional equally shared interest income generated from the broader distribution and usage of USDC. The press release also revealed that USDC will be launching on six new blockchains. #usdc #coinbase #circle #blockchain #bitcoin #ethereum #wealthmanagement #fintech https://lnkd.in/ekf4DnRx