3 AC volunteer intern
1.5K posts
3 AC volunteer intern
@TheCryptoBee1
Leading Reply guy on CT
Katılım Mayıs 2022
405 Takip Edilen30 Takipçiler
@coinbase Whoever can make the closest forecast to Coinbase's revenue numbers will win a 20% discount for Delphi Pro!
The Coinbase Q1 2024 earnings call will be livestreamed on YouTube in 4 hours. Make sure to submit your forecasts in the replies beforehand!
youtube.com/watch?v=HXVVWH…
YouTube
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Tomorrow @coinbase reports earnings!
Our calculator's projections: $1.9B total revenue, $1.06B txn revenue.
Wall Street Estimates: $1.32B total, $768.3M txn.
Can our calculator beat the suits once again? Delve into its parameters, deduct estimates, and share your forecasts!
Delphi Digital@Delphi_Digital
King $COIN's Calculated Moves As Q1 earnings season approaches, and with @coinbase reporting on May 2nd, we're excited to introduce one of our latest tools for Delphi subscribers: 🎉Coinbase Transaction Revenue Calculator🎉 In our deep dive - Coinbase: From Sleeping Giant To Industry Leader - we examined Coinbase’s overall business highlighting burgeoning new LOBs. Yet, underscored that transactional revenue continued to be the backbone of the overall business. Leveraging this insight, our revenue calculator forecasts & models Coinbase’s transaction revenues. By analyzing real-time transactional volume data, this tool lets you adjust variables like fees, revenue splits, and trading vol, transforming raw data into insightful fiscal projections. Prior to the Q4 2023 results, the efficacy of our calculator resulted in a forecast within +2.5% and +6.7% of the final reported Coinbase revenue. In contrast, conservative Wall Street estimates were off by -14% — demonstrating the edge of our calculator. Entering Q1 earnings season, the landscape is expected to shift. New revenue streams catalyze change: 🔷 Bitcoin ETFs - for the majority of which Coinbase acts as a custodian 🔷 Surging activity on the Base chain 🔷 Explosion of the Coinbase International Derivatives exchange Nevertheless, our analysis suggests that the traditional correlation between transaction volumes, fees, and revenue will likely persist - mirroring similar patterns observed in previous quarters. On top of this, Wall Street is still projecting out conservative estimations. Using the latest Q1 2024 data, our calculator projects transaction revenue of $1.06 billion for the quarter — significantly exceeding the Wall Street consensus estimates of $660.4 million. Reiterating our belief that Wall Street undervalues Coinbase's business. 🚨Disclaimer🚨 This tool is not intended as an all-knowing predictor of total revenues, but more of a pulse check on its largest driver, with the goal of more accurately gauging Coinbase’s metrics ahead of official announcements.
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@kararesurrect @LayahHeilpern Ive seen her on so many dating apps ha
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@RetirementRight Sounds like you'll never retire then
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I am a conservative investor. My speculative play is silver. When it reaches my price target I will "cash out" and convert to gold. My price target is pretty high...
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@tokenterminal @base @coinbase How do you know net earnings from base when you don't know how much the company is spending to run base?
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Crypto moves fast.
We wrote our "Weekly fundamentals – Rebuilding coinBASE onchain" one month ago.
We mentioned that @base's annualized onchain earnings were ~8% of @coinbase's '23 net income ($8M of $95M).
Today: CB is on track to generate ~$230M in onchain earnings from Base over the next 12 months.
More than double its '23 net income.
Wild.
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3 AC volunteer intern retweetledi
Is everything coming up $COIN? The crypto exchange posted its first quarterly profit in two years, leading Needham analyst @JohnTodaro1 to raise his price target.
He lays out the investment case amid crypto ETFs and a #Bitcoin comeback for @SaraEisen & @DavidFaber.
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@CoinbaseDuck What about @JohnTodaro1 ...Only one who called for profit in Q4
bloomberg.com/news/articles/…
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Listening to the $COIN call and analyst questions and answers. So far so good.
But..(yep there is always a but)
We are not getting a lot of in-depth question on blockchain, enforcing my belief they don’t understand coinbase.
Otherwise wouldn’t we get some good questions??
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Abbott is using the Texas Guard to defy a Supreme Court ruling.
When Gov. Faubus did this in 1957, Eisenhower federalized the Arkansas Guard to ensure compliance with the law.
Biden must follow this example of bold, decisive leadership to end this crisis before it gets worse.
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@MamaSissieSays It is just common sense to have a border
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Imagine starting a civil war because you didn’t get permission to drown children.
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@MikeIppolito_ @Matt_Hougan @HHorsley This isn't a pivot by the company. It's almost all interest income (staking + base are negligible) which is up because interest rates are simply higher...
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@Matt_Hougan @HHorsley 100% agree, and I say that as someone that used to doubt they could pivot from transaction revenue.
USDC, staking and Base alone are monster businesses and they are just getting started.
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The most important stat in Coinbase's Q3 earnings is this:
* Transaction Revenues: $289m
* Subscription & Services Revenues: $334m
It's the first time non-commission revenues have exceeded commission-based revenues.
People worry too much about whether there will be a compression in crypto trading commissions. Of course there will be. Commissions can and will fall to zero over time in crypto just as they did for stocks.
But Coinbase's total revenues will grow as they do.
Schwab is the model here. They used to make money from commissions, and now they make money other ways. If you get people on the platform and interacting with the brand, the monetization will sort itself out.
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@Matt_Hougan Matt did you just realize interest rates are higher?
Subs & services is almost interest income. That isn't "monetizing the brand".
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@karbonbased All im hearing is the token would have gone down from $200Bn to $100m and retail would have gotten crushed on it. Bad tweet
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Opensea has fumbled the bag so hard.
If they had launched a token when they had 95% of market share, they would've commanded a $200B+ mcap
Instead they waited until their market share eroded and the token comp for the closest competitor trades at $300m and OS does a fraction of their volume and token price would reflect their eroding market share.
Like fair value at this point is probably ~$100m for OS token
⟠Palis⟠🐍@palis
Opensea considering a token Potential legal battle with the SEC: $5M-$20M Potential out of court settlement with SEC: $5M-$50M Downside of being too scared of non existent guidelines to launch a token: $12B in market valuation and another $5-10B token marketcap I know Opensea well enough to know their bloated legal team who runs the company was the sole reason they decided against a token, and now they’re losing way more than if they launched one and got sued by the SEC. The worst thing you can be in crypto is be scared of bad faith regulators and let lawyers run your company
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@jamesjho_ Where'd you get the margin from? They have more costs than just the L1 gas costs...
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@TheEliKlein @mualphaxi Boston is a small suburb and cant be compared to either.
But Chicago is no NYC
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Chicago is the most underrated city in the U.S. It is, I must inform the haters, New York's *only* peer.
You just have to survive the winter (or leave for 2 months). NYers would get vertigo when they see Chicago rents. Highrise condo for the price of a Manhattan closet
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@tedlieu Ted you are on here 95% of the working day. You'll probably use any financial part of this platform as well.
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So is the reason someone would do banking on X because they want to read right wing conspiracy tweets by the pizza gate guy while electronically depositing a check?
Or get stock tips from QAnon folks?
Or have neo-Nazis recommend whether a subprime mortgage is suitable for you?
The Spectator Index@spectatorindex
BREAKING: Elon Musk says X will have the ability to 'conduct your entire financial world' on the platform.
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@Rekt_Retail 7 years without a ring probably did it. Just saying
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@buyside4life @HiddenPivots @ParrotCapital @AlderLaneEggs He has 4.9/5 stars on tip ranks and ranks near the top of sell side analysts...
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Sell side analysts- some great ones- too many shills. Meet Coinbase fan, Needham's John Todaro. He covers 5 stocks & has them ALL buys. 2021 his target for COIN was $420, today $70. He once founded a crypto asset management fund. TY @HiddenPivots @ParrotCapital @AlderLaneEggs
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@tedlieu So weird the need for democrat politicians to weigh in on this...
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If anyone believes anyone else drinks the blood of infants, they are either stupid or bonkers.
Raw Story@RawStory
Actor promotes Trump's movie screening by pushing QAnon's bizarre infant blood-drinking theory rawstory.com/actor-pushes-q…
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The submarine thing is suspicious. It seems very far fetched that a bunch of billionaires would take such a risky trip to check out the titanic ruins. I mean surely they have more pressing things to do as billionaires... And now they've disappeared. Sounds like an escape plan.
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A 2-year-old boy in Norwalk, Ohio, shot his pregnant mother in the back, killing her and the unborn child, police say. cnn.it/3NIXygh
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