CryptoJJ
ℕ𝕠𝕥𝕙𝕚𝕟𝕘 𝕙𝕖𝕣𝕖 𝕓𝕦𝕥 𝕒 𝕓𝕦𝕟𝕟𝕪 𝕨𝕚𝕥𝕙 𝕙𝕖𝕣 𝕔𝕒𝕣𝕣𝕠𝕥𝕤 𝕒𝕟𝕕 𝕔𝕣𝕪𝕡𝕥𝕠 🥕 研究研究币圈，分析分析金融，有空一起喝咖啡呀 ☕️ DYOR 📖 Twitter:@JJ23_crypto
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Coinbase Q2 financial report, summary first and analysis later
1. Coinbase's main source of revenue is its transaction fees. Due to the platform's ease of use and commitment to compliance, the fees are often higher than other exchanges, but it still has 8 million monthly active users. Other revenue comes from crypto cards (only a 2% fixed fee), financial services, wallets, institutional custody services (8 institutions' ETFs are all hosted on Coinbase), Base Chain (TVL has reached $7 billion in one year since its launch), and other strategic cooperation (such as with Circle).
2. Before the Q2 earnings report came out, analysts had predicted that its revenue and EPS would decline due to the decline in trading volume across the industry. FactSet predicts that Coinbase's revenue will fall to $1.37 billion. JPMorgan Chase and Barclays have similar forecasts, expecting revenue to be between $1.36 billion and $1.43 billion. Barclays also rated Coinbase as an "underweight" stock, citing the possible impact of upcoming US regulatory policies.
2. Before the Q2 earnings report came out, analysts had predicted that its revenue and EPS would decline due to the decline in trading volume across the industry. FactSet predicts that Coinbase's revenue will fall to $1.37 billion. JPMorgan Chase and Barclays have similar forecasts, expecting revenue to be between $1.36 billion and $1.43 billion. Barclays also rated Coinbase as an "underweight" stock, citing the possible impact of upcoming US regulatory policies.
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Which governments hold the most BTC? Here’s how they acquired the assets
The US government just transferred 29,800 BTC, worth $2 billion, and BTC plummeted. This is exactly the same as the scene of the German government selling BTC in early July. Today, let’s take a look at which governments hold the most BTC and how they acquired these assets.
1. United States
According to Arkham data, the United States owns more than 183,000 BTC, and also holds 750 Wrapped BTC, 50,000 ETH, 40,000 BNB, 10,000,000 USDC and more than 121,000,000 USDT, with a total value of US$12.7 billion.
How it was acquired: The U.S. government has never been recorded purchasing any BTC, and all assets were confiscated from illegal activities.
1. United States
According to Arkham data, the United States owns more than 183,000 BTC, and also holds 750 Wrapped BTC, 50,000 ETH, 40,000 BNB, 10,000,000 USDC and more than 121,000,000 USDT, with a total value of US$12.7 billion.
How it was acquired: The U.S. government has never been recorded purchasing any BTC, and all assets were confiscated from illegal activities.
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Everyone is discussing choke point 2.0 in the United States. I have compiled a few places suitable for moving to crypto to share with you:
1. Dubai: It is rated as the most livable city in the world. It has its own encryption legislation WARA. It is now the only country in the world with a clear and independent regulatory department; there is no personal income tax, and corporate profits of more than 100k US dollars are taxed at 9%; there is Many cryptocurrency companies and individuals are moving to Dubai, which is suitable for networking; there are many types of visas and it is easy to apply
Comments on the remaining few
#Binance #crypto2023 #BTC #dyor #BNB
1. Dubai: It is rated as the most livable city in the world. It has its own encryption legislation WARA. It is now the only country in the world with a clear and independent regulatory department; there is no personal income tax, and corporate profits of more than 100k US dollars are taxed at 9%; there is Many cryptocurrency companies and individuals are moving to Dubai, which is suitable for networking; there are many types of visas and it is easy to apply
Comments on the remaining few
#Binance #crypto2023 #BTC #dyor #BNB
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I didn’t expect that Web3 could be a handsome guy, and the CEO of Blur is so handsome. I don’t want to read the report or do any analysis today, I just want to see the handsome guy, the handsome guy who graduated from MIT🥹
#Binance #Blur #crypto2023
#Binance #Blur #crypto2023
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Circle 23 Year Outlook Report Summary and Analysis
Circle published a report looking back at 22 and looking forward to 23, summarizing first and then analyzing. The report summarizes the following points:
1. Before the end of the year, 20% of USDC cash savings will be transferred to funds partnered with BlackRock
2. Cross-border transfers are the largest use case of USDC, and DeFi is the second largest. USDC has facilitated at least $30 billion in economic activity in 22 years
3. The market value fluctuations of USDC are not closely related to the prices of other cryptocurrencies. Less than 10% of USDC is in CEX
4. Different from other stable currencies, the main purpose of USDC is trading and transfer, not speculation.
5. Circle launched TRUST, VERITE and banned Tornado Cash in order to be more compliant and transparent
1. Before the end of the year, 20% of USDC cash savings will be transferred to funds partnered with BlackRock
2. Cross-border transfers are the largest use case of USDC, and DeFi is the second largest. USDC has facilitated at least $30 billion in economic activity in 22 years
3. The market value fluctuations of USDC are not closely related to the prices of other cryptocurrencies. Less than 10% of USDC is in CEX
4. Different from other stable currencies, the main purpose of USDC is trading and transfer, not speculation.
5. Circle launched TRUST, VERITE and banned Tornado Cash in order to be more compliant and transparent
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In just three months, I have already experienced AI, LSD, and ZK-centric. Now the fourth "Hong Kong Concept/Chinese Narrative" has appeared. If I slow down, I am afraid that I will not be able to keep up... Should I start first in the future? Once you get on the bus and get stuck, study again🫣
LOL JK NFA #Binance #CFX
LOL JK NFA #Binance #CFX
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