On The Brink with Castle Island
Weekly Roundup 05/03/24 (CZ sentenced, Roger Ver arrested, Coinbase earnings) (EP.525)
May 3, 2024
Topics discussed include CZ's prison sentence, Roger Ver's arrest for tax fraud, Coinbase earnings report, and the chilling effects of the DoJ Samourai case. The episode also touches on Matt's performance in Jeopardy at ETH Boston, Ian Cain's Senate candidacy, and the significance of the number '4'.
43:24
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Quick takeaways
- Coinbase reported impressive Q1 results with $1.6 billion in revenue, showcasing strong financial performance.
- The Department of Justice's stance on crypto wallets creates uncertainty and potential disruptions in the industry, alarming many stakeholders.
Deep dives
Coinbase Reports Strong Q1 Earnings
Coinbase reported impressive Q1 results with $1.6 billion in revenue, up 72% from Q4. Their net income soared to $1.2 billion, a 331% increase from the previous quarter. The company also holds $7.1 billion in cash and saw a significant increase in the number of active developers on their platform.
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