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You can now talk to Microsoft Copilot Voice in 40 more languages You can now talk to Microsoft Copilot Voice in 40 more languages Microsoft’s Copilot Voice has been upgraded with 40 new languages The AI has also improved its real-time responses Microsoft wants to encourage people to engage with Copilot in their everyday lives Microsoft Copilot Voice has become a lot more cosmopolitan. The AI assistant has added support for 40 new languages and improved its real-time responses in a bid to make conversations feel more natural and comfortable for users. Copilot Voice debuted in October, adding a vocal component to the AI, but with more power than the previous standard form of voice assistant. It can handle multi-turn conversations, recognize interruptions, and even adjust its tone based on emotional cues. It’s also free, which is a pretty big selling point in a world where AI subscriptions are becoming the norm. OpenAI has Advanced Voice Mode for ChatGPT, while Google’s Gemini Live offers its vocal interface. The expanded language support is a big deal, especially for users outside of English-speaking markets. Whether you’re switching between languages or simply want an assistant who understands your native tongue better, this is a welcome change. This also points to Microsoft’s strategy for making Copilot more of an international AI assistant through the Voice feature. Speedy speech You’ve got a lot *in* your hands, so let me help! Just get real-time updates with Copilot Voice pic.twitter.com/lF8B8UkQYJFebruary 13, 2025 Ready to make your day in over 40 languages. – YouTube Watch On Another key improvement is in real-time information retrieval. Voice assistants have always had a slight lag when pulling information from the web, often leaving users waiting while the AI “thinks.” With this update, Copilot Voice is now much faster and more responsive when answering questions, making interactions feel smoother and more natural. No more awkward pauses while you wait for an answer to a simple question. The update also highlights Microsoft’s efforts to enhance Copilot’s place as a digital assistant, not just a glorified search engine. Copilot Voice might succeed after the failure of Cortana as Microsoft’s AI voice assistant. The gap between what people expect from an AI assistant and what they actually get is closing, and voice AI tools will likely be a major facet. You might also like… Sign up for breaking news, reviews, opinion, top tech deals, and more. Source link #talk #Microsoft #Copilot #Voice #languages Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Dozens of OPM probationary employees were fired on a mass video call on Thursday and given 20 minutes to collect their belongings Dozens of OPM probationary employees were fired on a mass video call on Thursday and given 20 minutes to collect their belongings Around 60 probationary employees at the Office of Personnel Management were terminated via video call on Thursday. The fired employees were told they would lose access at 3 p.m. ET. Two employees told *** that union representatives were not present on the call. Dozens of probationary employees at the Office of Personnel Management were fired in a group video call Thursday afternoon and told their accounts would be deactivated by 3 p.m. ET, around 20 minutes after the call began. “You will receive your termination notice via email shortly, and it will include the reason for termination,” an official said on the call, according to a recording viewed by ***. “As a result, your employment with the Office of Personnel Management will end today,” the official said. “Your physical and IT system access will be deactivated by 3 p.m. ET today, and we ask that you gather your personal belongings and exit the premises by 3 pm ET as well.” A source familiar with the call also confirmed the terminations. Two probationary employees told *** that around 60 people were on the call. They asked to remain anonymous; *** has verified their identities. *** reviewed a screenshot of an email one probationary employee received earlier this afternoon with the subject line “URGENT MEETING MUST ATTEND.” An original call was scheduled between 2:00 and 2:30 pm ET, though no officials ever joined. Around 2:30 pm, employees received an invitation for another meeting, where the mass termination was announced. After the second meeting ended, workers received a follow-up email with details about their terminations. Two employee termination letters, copies of which were seen by ***, were from Charles Ezell, OPM’s acting director. A probationary employee at a federal agency has either worked in a career position for less than a year, or for less than two years in an expected service appointment that didn’t require a competitive hiring process. The two employees told *** that union representatives were not present on the call. Union officials at AFGE confirmed the terminations, and said that representatives were not in the meeting. Representatives for the White House did not immediately respond to a request for comment. Do you work at OPM or another federal agency? Share your experience and thoughts with these reporters at *****@*****.tld and *****@*****.tld, or via Signal at alicetecotzky.05 and julianakaplan.33. Read the original article on Business Insider Source link #Dozens #OPM #probationary #employees #fired #mass #video #call #Thursday #minutes #collect #belongings Pelican News View the full article at [Hidden Content]

iPhone SE 4 Debut Speculated as Tim Cook Teases ‘Apple Launch’ Next Week iPhone SE 4 Debut Speculated as Tim Cook Teases ‘Apple Launch’ Next Week iPhone SE 4 appears to be just around the corner as Apple CEO Tim Cook confirmed that the company will be launching a new product on Wednesday, February 19. The launch is expected to introduce a single device instead of multiple devices. The confirmation comes just days after reports claimed that the Cupertino-based tech giant is planning to unveil the iPhone SE 4 next week. The iPhone maker is also speculated to introduce an entry-level iPad 11 (2025) and a new MacBook Air model powered by the M4 chipset. The CEO also teased a silver-coloured version of the company logo. iPhone SE 4 Could Launch Next Week In a post on X (formerly known as Twitter), Cook posted an image of the Apple logo in silver along with the caption, “Get ready to meet the newest member of the family.” No other details were shared by the CEO. However, Bloomberg’s Mark Gurman claimed earlier this week that the company will announce the iPhone SE 4 next week, which is what the teaser post might have been for. At the moment, it is not confirmed whether the new device will be launched at an event or will just be notified via the company’s newsroom website. Usually, Apple shares event invites at least a week before the event, but Cook’s post appeared to be more of a teaser than an invite. However, a live stream of a pre-recorded video is still not out of the question. iPhone SE 4 Leaked Specifications The current iPhone SE (2022) arrived three years ago, therefore, a new iteration of the device has been heavily speculated. Multiple reports have suggested possible specifications for the upcoming iPhone SE 4. The smartphone is rumoured to resemble the iPhone 14 and could ditch the home button and Touch ID for a modern look with Face ID. It is also speculated to arrive with a USB Type-C port and support for Apple Intelligence features. Apart from this, the iPhone SE 4 could also be powered by the A18 chipset and be paired with 8GB of RAM. The smartphone is also believed to be priced higher than its predecessor, which cost Rs. 43,900 for the base 64GB internal storage variant. For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who’sThat360 on Instagram and YouTube. JioHotstar Streaming Platform Launched, Combines JioCinema and Disney+ Hotstar Source link #iPhone #Debut #Speculated #Tim #Cook #Teases #Apple #Launch #Week Pelican News View the full article at [Hidden Content]

Judge temporarily blocks termination of USAID contracts in place before Trump inauguration – The Hill Judge temporarily blocks termination of USAID contracts in place before Trump inauguration – The Hill Judge temporarily blocks termination of USAID contracts in place before Trump inauguration The HillMusk urges impeachment of RI’s chief federal judge amid court fight over funding WPRI.comGrassley: Trump has ‘taken an oath to follow the law,’ will abide by federal court orders Des Moines RegisterThe feds promised Colorado $339 million for health insurance. The money hasn’t arrived yet. The Colorado Sun Source link #Judge #temporarily #blocks #termination #USAID #contracts #place #Trump #inauguration #Hill Pelican News View the full article at [Hidden Content]

Sinkhole upends digging on troubled $26b road project Sinkhole upends digging on troubled $26b road project A tunnel boring machine on $26.1 billion road project has been forced to manoeuvre around a sinkhole that could halt work for days. Source link #Sinkhole #upends #digging #troubled #26b #road #project Pelican News View the full article at [Hidden Content]

US tariffs timeline delay sparks dollar slump, may lift rupee US tariffs timeline delay sparks dollar slump, may lift rupee By Nimesh Vora MUMBAI (Reuters) – The Indian rupee is poised to open slightly higher on Friday, tracking an uptick in its Asian peers on relief that U.S. President Donald Trump reciprocal tariff’s plan will not be implemented till later. The one-month non-deliverable forward indicated the rupee will open at 86.80-86.85 per U.S. dollar, compared to 86.8975 in the previous session. Despite the dip at open in the dollar/rupee pair, traders remained wary. “Do not expect it to sustain,” said a currency trader at a bank. Trump tasked his economic team to draft plans for reciprocal tariffs on all nations imposing taxes on U.S. imports. Howard Lutnick, Trump’s pick for commerce secretary, said the administration would address each affected country one by one and said studies on the issue would be completed by April 1. Asian currencies rose on the tariffs not being imposed immediately. The “near-term delays in tariff implementation” put the dollar under pressure, MUFG Bank said in a note. The dollar index dropped 0.8% to slip to its level lowest in more than two weeks. U.S. Treasury yields dropped and Wall Street rallied. The Korean won was the top performer in Asian currencies on Friday. The dollar was already struggling before the Trump’s tariffs announcements, thanks to the U.S. wholesale inflation data. The data indicated that the core PCE inflation is likely to be lower than previously expected. The data came a day after the U.S. consumer price index rose more than expected. While the headline U.S. producer price index came in higher than expected, the components which feed into core PCE – the key inflation measure the Federal Reserve targets – were softer and will likely lead to a more benign PCE inflation print than the CPI numbers suggest, MUFG Bank said. KEY INDICATORS: ** One-month non-deliverable rupee forward at 87.01; onshore one-month forward premium at 22 paise ** Dollar index up at 107.1 ** Brent crude futures up 0.2% at $75.2 per barrel ** Ten-year U.S. note yield at 4.53% ** As per NSDL data, foreign investors sold a net $561.4mln worth of Indian shares on Feb. 12 ** NSDL data shows foreign investors bought a net $41.6mln worth of Indian bonds on Feb. 12 (Reporting by Nimesh Vora; Editing by Rashmi Aich) Source link #tariffs #timeline #delay #sparks #dollar #slump #lift #rupee Pelican News View the full article at [Hidden Content]

Terrifying video shows kayaker being swallowed, ***** out by a humpback whale – MLive.com Terrifying video shows kayaker being swallowed, ***** out by a humpback whale – MLive.com Terrifying video shows kayaker being swallowed, ***** out by a humpback whale MLive.comA humpback whale briefly swallows kayaker in Chilean Patagonia — and it’s all captured on camera The Associated PressWatch the moment a man is swallowed by humpback whale BBC.com’I thought I was dead’: Kayaker gets swallowed by humpback whale in dramatic moment caught on camera Fox NewsFather captures moment son was swallowed by humpback whale CNN Source link #Terrifying #video #shows #kayaker #swallowed #***** #humpback #whale #MLive.com Pelican News View the full article at [Hidden Content]

Two of the big four banks have moved on savings rates Two of the big four banks have moved on savings rates Banks are cutting one particular offering as they gear up for the Reserve Bank of Australia to do the same to the cash rate. Source link #big #banks #moved #savings #rates Pelican News View the full article at [Hidden Content]

JD Vance’s relative, 12, refused heart transplant over vaccine status JD Vance’s relative, 12, refused heart transplant over vaccine status A relative of Vice President JD Vance says an Ohio hospital has refused to put her 12-year-old daughter on its heart transplant waiting list over her vaccine status. Jeneen Deal, a mom-of-12 from Indiana who is related to Vance’s half-siblings through marriage, adopted Adaline from China as a 4-year-old knowing the little girl had two heart conditions, Ebstein’s anomaly and Wolff-Parkinson-White Syndrome, that meant she would one day require a transplant. The girl has been receiving treatment from the Cincinnati Children’s Hospital, a leader in pediatric organ transplantation, for almost a decade. The facility requires that heart transplant patients receive vaccinations for Covid-19 and flu as recipients are at much higher risk of infection. Deal said Adaline’s doctor confirmed to the family that she was in heart failure on January 17. “My heart’s getting sick,” Adaline Deal told Local 12. “I get tired. My legs get [too] tired to stand.” Deal and her husband Brayton, who are both members of a non-denominational Christian church, said that the vaccines conflict with their religious and medical beliefs and that they would not be willing to inoculate their daughter. The pair have broadcast both their faith and vaccine-skepticism in posts on their Facebook pages. The parents made their decision after “the Holy Spirit put it on our hearts,” the mom told The Cincinnati Enquirer. The hospital, they say, would not honor their beliefs. “The heart failure team told me they won’t put her on the list unless we give her the Covid shot and the flu shot. I was like u would let her die if I refuse,” the mom wrote in a Facebook post on January 27. “That’s their policy she said. How nuts is that!” The couple is now considering taking Adaline to a different transplant center that won’t require her to be vaccinated. In the meantime, the Deals have crowdfunded more than $57,000 of their $100,000 goal after setting up a GoFundMe page to help to pay for the transplant. Deal said that people had already judged her as a “bad parent” and called her to make an exception so the hospital could put her on the transplant list. “Yes, I’ve seen that they are already. But I just know I’m following our heart and what I feel is good for her. And nothing should be forced on us. I mean, it’s our God-given right. We can say no,” she told Local 12. On Wednesday, Cincinnati Children’s Hospital released a statement on their transplant evaluations and immunization considerations. “Because children who receive a transplant will be immunosuppressed for the rest of their life, vaccines play a critical role in preventing or reducing the risk of life-threatening infections, especially in the first year,” it said. “These decisions involve discussion between our providers and the patient’s family.” Health Resources and Services Administration and the Centers for Medicare and Medicaid Services, who oversee transplant lists in the U.S., have not mandated vaccination, leaving it up to hospitals to decide their policies. The American Society of Transplant Surgeons agrees with the hospital’s vaccination policy for patients in need of an organ transplant. “Transplant candidates and recipients frequently interact with other at-risk individuals in the hospital. The ASTS recommend routine vaccination for all organ recipients and for those on the waitlist,” it said in a position statement on its website. The Independent has contacted the Cincinnati Children’s Hospital and the Deals for more information. Source link #Vances #relative #refused #heart #transplant #vaccine #status Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Ukraine war briefing: Nothing about Ukraine without Ukraine, say European ministers – The Guardian Ukraine war briefing: Nothing about Ukraine without Ukraine, say European ministers – The Guardian Ukraine war briefing: Nothing about Ukraine without Ukraine, say European ministers The GuardianUS relations with Europe will never be the same after Trump’s call with Putin CNNTrump triggers Western anger over ‘appeasement’ talks with Putin POLITICO EuropeUS should not have made concessions to Russia over Ukraine, says ******* minister The GuardianEuropean allies demand support for Ukraine and seat at Trump-Putin negotiations PBS NewsHour Source link #Ukraine #war #briefing #Ukraine #Ukraine #European #ministers #Guardian Pelican News View the full article at [Hidden Content]

Craig O’Donoghue: Passion from Indigenous All Stars will make game against Fremantle Dockers a success Craig O’Donoghue: Passion from Indigenous All Stars will make game against Fremantle Dockers a success State of origin died a slow death as passion waned but you won’t have that issue from Indigenous players who are desperate to play for the All Stars and that gives this concept a chance to thrive. Source link #Craig #ODonoghue #Passion #Indigenous #Stars #game #Fremantle #Dockers #success Pelican News View the full article at [Hidden Content]

Aliens Could Be All Around Us—But We’re Totally Unprepared for ‘First Contact’ Aliens Could Be All Around Us—But We’re Totally Unprepared for ‘First Contact’ It’s one of the most popular themes in science fiction—top secret government experts are ready to spring into action if a UFO appears. For example, in the novella-based 2016 film Arrival, the government quickly assembles a team of military and scientific experts to learn how to communicate with extraterrestrial visitors and decipher their intentions. In real life, humanity’s search for extraterrestrial life has only intensified since we first looked to the stars and wondered who else was out there. Today, technological advancements like the Habitable Worlds Observatory (HWO) is searching for signs of life on other worlds. Scientists think it’s only a matter of time before we find evidence of alien life among the billions of stars in our galaxy. Meanwhile, the U.S. government is taking UFOs more seriously. In April 2021, the government created a program within the Office of Naval Intelligence meant to “standardize collection and reporting” of UAPs, or Unidentified Anomalous Phenomena. In November 2024, the All-Domain Anomaly Resolution Office reported that it had received 757 UAP reports since 2021. But what happens if—or when—we make actual contact with alien life? Do governments have a plan in place? Based on the picture popular media paints, we might expect that either an alien incursion or discovery of alien life on another planet might spur the government to sweep in, scoop up the best scientists, and simply press-gang them into action. The U.S. has an astronomical defense budget—$840 billion. Surely the U.S. and other major world governments have drawn up preliminary to-do lists in case we encounter extraterrestrial life. Either the answer is no, or governments aren’t publicizing their plans. The Search for Extraterrestrial Life (SETI) Director Seth Shostak, Ph.D., says he doesn’t think that U.S. government agencies or the military have a plan for possible first contact. And most military spokespeople did not respond to emailed questions about potential responses to extraterrestrial contact. The U.S. Army’s Defense Press Operations commented only briefly on the topic: spokeperson Sue Gough says it is not part of the army’s mission to seek evidence of aliens. Media commentator and former British Ministry of Defence UFO researcher Nick Pope worries that none of our current, science-driven protocols clearly say what to do if aliens actually arrive—or how to protect ourselves from any risk. “I think you’d need something far more expansive than current protocols. Most of them are only essentially concerned with verifying the signal is alien,” Pope says. From a scientist’s perspective, the potential detection of extraterrestrial biosignatures comes first, and it would follow the same scientific process as any other research. “How to respond to such a discovery is an important discussion involving a broad cross-section of the global community,” says NASA spokesperson Charles Blue in an email. In other words, the world at large would need to be involved in the response, not just scientists. For now, any existing protocols seem to lie entirely within the realms of scientific foundations like SETI and other research-based organizations that have knowledge of relevant fields like astrobiology and astrophysics. This approach makes sense to Carol Oliver, Ph.D., a leading expert on the science of astrobiology at the University of New South Wales in Australia. Governments haven’t dedicated energy to creating a first-contact plan, because they would turn first to science advisors anyway, she says. Within the scientific community, first contact protocols do exist, though they are more a set of guidelines than an action plan. SETI itself established a set of protocols in 1989, which it updated in 2010. Aside from the recommendation to form a Post Detection Task Group offering “guidance, interpretation, and discussion of the wider implications of the detection,” these early protocols were mostly concerned with how researchers would confirm proof of a signal from another civilization. However, scientific activity surrounding the possibility of first contact has only expanded. Researchers at Cornell University released a 2022 paper on the preprint server ArXiv about the geopolitical implications of proof of alien life, recommending that transparency and data sharing should rule communications between nations, in case of first contact. The paper also recommends developing post-detection protocols and educating policymakers about how to handle first contact. In the same year, SETI updated its protocols to reflect changes in communication thanks to social media, particularly the consequences of the rapid spread of false information. The updated document also discusses the ever-more sophisticated search for alien technosignatures using new, powerful telescopes. In 2023, SETI conducted a global simulation of how first contact might work, transmitting a sample coded message from Mars such as aliens might send. Citizen scientists were able to crack the code and decipher the message. NASA has worked on its own first contact protocols, conducting a 2024 workshop event about how best to communicate the discovery of alien life. The space agency also oversees the Office of Planetary Protection, whose missions include safeguarding Earth against extraterrestrial contamination. Despite all this progress, existing protocols aren’t much more than recommendations, and they’re not legally binding, Pope says. He believes there should be some sort of overall government-sanctioned plan in place, at least for the sake of biohazard awareness, in case an alien life form lands on Earth. For example, scientists know that space missions, such as those that bring back material from asteroids, can pose chemical hazards, because the material could contain certain harmful organic compounds. If an alien civilization could reach Earth, the transparent ability to travel light years would mean the aliens would already be vastly superior to us technologically. These aliens would be so advanced that our missiles and fighter jets would be like “neanderthals taking on the U.S. military,” says Shostak. If their technology vastly outclasses our own, then an alien visit would immediately become an urgent matter of national security. In that case, Pope thinks the powers that be would refer first to existing war or defense plans, rather than academic guidelines on how to say “hello” to aliens. “When I’ve engaged with political figures, [safety] is what gets them concerned, not the more esoteric factors [such as proof of extraterrestrial life],” he says. Realistically though, the first extraterrestrial life we discover is probably going to be a microbe on an asteroid or in the primordial seas of Saturn’s moon, Titan, or Jupiter’s moon, Europa. Even if superintelligent aliens exist, we’re far likelier to detect their technosignatures, such as radio waves, than to actually meet them, simply because they are probably many light-years away, and the timescales of the universe are vast. “If we’re talking about a civilization on a nearby world outside of the solar system, the chances are it’d be long dead [when we detect it],” says Oliver. On the other hand, if we discover that Earth doesn’t harbor the only life in the universe—especially if we consider the aliens to be intelligent—we’ll probably handle first contact the same way we’ve handled almost every other cultural, philosophical, political, or scientific milestone in our species’ 300,000-year history. We’ll make it up as we go along. You Might Also Like Source link #Aliens #UsBut #Totally #Unprepared #Contact Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

China’s BYD holds mining rights in Brazil’s Lithium Valley, Reuters reports China’s BYD holds mining rights in Brazil’s Lithium Valley, Reuters reports A logo of the ******** manufacturing conglomerate BYD. Elke Scholiers | Getty Images News | Getty Images ******** electric carmaker BYD acquired mineral rights for two plots of land in a lithium-rich part of Brazil in 2023, entering the mining business in its biggest market outside of China, according to public records reviewed by Reuters. The EV producer’s acquisition of mineral rights in Brazil is its most concrete step so far toward mining strategic minerals in the Western Hemisphere. The previously unreported acquisition of the mineral rights in late 2023 was made by BYD subsidiary Exploracao Mineral do Brasil, which was created in May of that year, documents showed. The plots are just a half-day’s drive from BYD’s new factory project in northeast Brazil, which it also agreed to invest in 2023. They also neighbor plots owned by U.S.-listed miner Atlas Lithium. The subsidiary was created with a share capital of 4 million reais ($695,000) and turned a profit of about 213,000 reais from exchange rate variations in 2023, public registration documents showed. The company “is in the research phase, with neither financial movement nor operating revenues,” said a report from an October shareholders meeting seen by Reuters. BYD declined to comment on the matter. BYD, which bought stakes in major ******** miners, was one of six firms allowed to bid on a Chilean lithium project last year, and outlined plans for a lithium cathode plant in northern Chile. Recent visits by U.S., Saudi and ******** delegations have underscored global interest in Brazil as an open market in the geopolitical race for access to strategic minerals. Brazil has avoided a heavy state presence in its lithium sector, unlike its South American neighbors, even easing export controls on the metal in 2022. Its best lithium prospects are hard rock deposits that lend themselves to traditional mining, unlike tricky lithium extraction from salt flats in Argentina, Bolivia and Chile. BYD’s prospecting for Brazilian lithium reinforces the scale of its bet on Latin America’s largest economy, where the firm’s major investment in a former Ford factory complex was tarnished in December with accusations of labor abuses at the worksite. Last year, the Financial Times reported that BYD had talks with Sigma Lithium, Brazil’s biggest lithium producer, over a possible supply agreement, joint venture or acquisition. Lithium Valley BYD’s mineral rights cover 852 hectares (8.5 sq km) in the town of Coronel Murta, part of the Jequitinhonha Valley in the state of Minas Gerais known as Brazil’s Lithium Valley. The neighboring Atlas Lithium project in Coronel Murta is in the research phase after an initial geological mapping of the area, the firm said on its website in June. Atlas CEO Marc Fogassa said he learned of BYD’s presence through a third party, but never directly discussed it with the carmaker. “If they invested in these two areas it is because they saw the potential and this obviously makes my areas more valuable,” Fogassa told Reuters. Coronel Murta is around 825 km (512 miles) away, roughly a 12-hour drive, from the complex on the coast of Bahia state where BYD is developing the factory with capacity to make 150,000 electric cars per year. BYD has since it acquired the mineral rights, hired Minagem Geologia e Mineracao, a local mineral research firm, public documents show. Minagem said it would have to seek permission from the BYD subsidiary to speak about the matter. It can often take between eight and 15 years for a mining project in Brazil to start production if it is deemed economically viable, according to attorney Luiz Fernando Visconti of Visconti Law, a law firm specializing in the mining sector. Source link #Chinas #BYD #holds #mining #rights #Brazils #Lithium #Valley #Reuters #reports Pelican News View the full article at [Hidden Content]

Donald Trump unveils reciprocal tariff plan to hit trade partners – Financial Times Donald Trump unveils reciprocal tariff plan to hit trade partners – Financial Times Donald Trump unveils reciprocal tariff plan to hit trade partners Financial TimesTrump orders up a plan for more tariffs, even as inflation heats up CNNTrump outlines reciprocal tariff plan in latest bid to reshape trade on his terms ReutersThe European VAT is Not a Discriminatory Tax Against US Exports Tax Foundation Source link #Donald #Trump #unveils #reciprocal #tariff #plan #hit #trade #partners #Financial #Times Pelican News View the full article at [Hidden Content]

Toyota Tarago successor axed due to new safety regulation Toyota Tarago successor axed due to new safety regulation The company known for the famous Tarago won’t offer a people mover moving forward, except for one best known as a maxi taxi. Toyota has confirmed the Granvia, which was introduced as a de facto replacement for the Tarago back in 2019, has been axed as it doesn’t meet *********** Design Rule 98/00. ADR 98/00 outlines specific performance requirements for autonomous emergency braking (AEB) systems. While the Granvia has AEB, the system evidently doesn’t meet these requirements. This means any Granvias will need to be complied before March 1, 2025 to be sold on or after this date. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Camera IconSupplied Credit: CarExpert Toyota has confirmed final deliveries will take place in March. “We initially planned to upgrade the Granvia to meet the new standard but upon reviewing sales, market conditions, production complexity and future regulations, we decided not to proceed and to instead retire the nameplate,” said Sean Hanley, Toyota Australia vice president for sales, marketing and franchise operations. “The people mover segment makes up just one per cent of the total market with buyers gravitating towards large SUVs. In the end we couldn’t make a compelling business case for continuing with the vehicle.” Buyers after a Toyota people mover will instead have to get an enormous 12-seat HiAce Commuter, or one of the brand’s various three-row SUVs. Camera IconSupplied Credit: CarExpert Toyota isn’t the only brand that has discontinued vehicles due to this incoming regulation, with others including Mazda, Mitsubishi and Suzuki. The company cited low demand for the Granvia as another reason it axed the model. The Granvia was Toyota’s worst-selling vehicle in Australia last year besides the hydrogen fuel-cell Mirai, with just 117 examples of the people mover delivered. From its launch to the end of January 2025, Toyota has delivered 999 Granvias to *********** customers. Hyundai delivered that many Starias last year alone, while Kia sold more than 10 times as many Carnivals. Camera IconSupplied Credit: CarExpertCamera IconSupplied Credit: CarExpert In its best year, 2020, Toyota delivered 276 Granvias. Looking at sales data dating to 1991, even in its worst year the Tarago sold considerably better. In fact, the year after it was discontinued, Toyota sold more leftover Taragos than it did Granvias last year. Toyota introduced the Granvia to Australia in 2019, the same year the Tarago was retired. It was quite a different beast however, being larger, boxier, and more expensive, as well as rear-wheel drive and diesel-powered instead of front-wheel drive and petrol. Closely related to the current-generation HiAce, the Granvia is 170mm wider and a whopping 505mm longer than the Tarago it replaced. Camera IconToyota Sienna Credit: CarExpertCamera IconToyota Alphard Credit: CarExpertCamera IconLexus LM Credit: CarExpertCamera IconToyota Vellfire Credit: CarExpert It also had an initial base price of $62,990 before on-road costs which saw it priced roughly the same as a top-spec Tarago. It’s unclear why Toyota didn’t bring the Alphard or Vellfire to Australia instead, given these people movers are popular used imports here, offer the option of hybrid power (which the Tarago also did, albeit in Japan), and are much closer in size to the old Tarago. Not only that, but Toyota’s luxury brand Lexus has subsequently launched the LM, which is closely related to the Alphard and Vellfire. Toyota offers various other people movers overseas, but these are either smaller (Voxy, Sienta, Noah) or only built in left-hand drive (Sienna). MORE: The new safety regulation that’s killing multiple models in AustraliaMORE: Everything Toyota Granvia Source link #Toyota #Tarago #successor #axed #due #safety #regulation Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Judge orders Trump administration to temporarily restore funding for foreign assistance programs Judge orders Trump administration to temporarily restore funding for foreign assistance programs Washington — A federal judge on Thursday ordered the Trump administration to reinstate funding for foreign aid contracts and other awards that were in place before President Trump’s inauguration while litigation moves forward, delivering yet another setback for the president as he seeks to make sweeping changes to the federal government. U.S. District Judge Amir Ali partially granted a request for a temporary restraining order from a group of organizations that receive funding from the U.S. Agency for International Development, or USAID, and other agencies, but have since been cut off from federal dollars or had to suspend their work in the wake of Mr. Trump’s executive action ordering a 90-day pause on foreign development aid. The nonprofit organizations argued that Mr. Trump’s directive and a subsequent memorandum from Secretary of State Marco Rubio issued late last month, which temporarily stopped new obligations of funding for foreign assistance programs and called for stop-work orders, was an unlawful and unconstitutional exercise of executive power. They warned that the directive has “created chaos in the funding and administration” of USAID and other foreign assistance programs. “One cannot overstate the impact of that unlawful course of conduct: on businesses large and small forced to shut down their programs and let employees go; on hungry children across the globe who will go without; on populations around the world facing deadly disease; and on our constitutional order,” lawyers for one group of challengers, led by the Global Health Council, wrote in a court filing. Ali, appointed by former President Joe Biden, blocked top Trump administration officials from suspending contracts, grants or other foreign assistance awards that were in effect as of Jan. 19. He also temporarily prohibited the administration from issuing stop-work orders in connection with foreign aid awards that were in existence before Mr. Trump returned to the White House. The judge said at the current stage of litigation, the nonprofit organizations met their burden for temporary, emergency relief, but that their request was too broad. But Ali found the groups were likely to succeed on the merits of their claims and made a “strong preliminary showing that they were likely to suffer irreparable harm.” “Here, the stated purpose in implementing the suspension of all foreign aid is to provide the opportunity to review programs for their efficiency and consistency with priorities,” Ali wrote. “However, at least to date, Defendants have not offered any explanation for why a blanket suspension of all congressionally appropriated foreign aid, which set off a shockwave and upended reliance interests for thousands of agreements with businesses, nonprofits, and organizations around the country, was a rational precursor to reviewing programs.” In a hearing held Wednesday, Stephen Wirth, a lawyer representing one group of seven nonprofits, said his clients have been “devastated” by Mr. Trump’s executive order. He warned that as a result of the freeze on funding for foreign assistance programs, small businesses have been forced to shutter, food for starving populations abroad is rotting in ports and warehouses, and medical supplies are expiring. Additionally, at least one group, Democracy International, an international development company that conducts projects for USAID, has had to furlough all 95 of its U.S.-based workers and 93% of its employees working on USAID projects in overseas offices, Wirth said. The federal government, he said, is terminating contracts “en masse.” Lawyers for the nonprofits said that organizations that receive foreign assistance grants have tried to draw down funding from USAID and the State Department, but have not been able to access their funds. In other instances, groups have had contracts terminated and pending invoices for completed work have not been paid, Wirth said. At least 230 USAID grants and contracts have been terminated or been subject to stop-work orders since Tuesday, Justice Department lawyers said in a filing. The Trump administration has argued that its decision to issue the 90-day pause on U.S. foreign development assistance allows it to ensure that the projects the U.S. is supporting align with the administration’s foreign policy. Eric Hamilton, deputy assistant attorney general, said during the hearing that the issue is about how money that has been appropriated by Congress is being spent. He argued federal laws governing foreign assistance allow the president to determine how those funds should be used. He also noted that Rubio has approved a waiver for life-saving humanitarian assistance programs. The cases before Ali arose from recent efforts by the Trump administration to overhaul USAID, which was founded in 1961 and is an independent agency. Its operations have been in turmoil over the past few weeks amid the Trump administration’s freeze on foreign assistance funding and stop-work orders for USAID contractors and agency partners. The administration also moved to shut down overseas USAID missions and recall thousands of employees living and working abroad. The administration last week placed thousands of USAID employees on administrative leave and closed the aid agency’s Washington, D.C., headquarters to staff. But some of Mr. Trump’s efforts have been stopped by another federal judge in Washington in a separate case brought by labor unions. U.S. District Judge Carl Nichols, appointed by Mr. Trump, temporarily prohibited the government from placing more than 2,000 employees on administrative leave. He also ordered the administration to reinstate employees already on leave and blocked expedited evacuations of USAID employees from their host countries. Jacob Rosen contributed to this report. Melissa Quinn Melissa Quinn is a politics reporter for CBSNews.com. She has written for outlets including the Washington Examiner, Daily Signal and Alexandria Times. Melissa covers U.S. politics, with a focus on the Supreme Court and federal courts. Source link #Judge #orders #Trump #administration #temporarily #restore #funding #foreign #assistance #programs Pelican News View the full article at [Hidden Content]

Multiple incidents cause traffic blockages in central Arkansas Multiple incidents cause traffic blockages in central Arkansas LITTLE ROCK, Ark. – Multiple traffic incidents left central Arkansas roadways blocked Thursday afternoon. According to the Arkansas Department of Transportation’s IDriveArkansas map, a vehicle ****** on Interstate 530 northbound .2 miles south of Little Rock caused blockages to both the on-ramp and the right lane. No injuries have been reported, but traffic could be seen backed up past Dixon Road Thursday afternoon. In North Little Rock a stalled vehicle also caused a blockage on the left shoulder on Interstate 30. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to KARK. Source link #Multiple #incidents #traffic #blockages #central #Arkansas Pelican News View the full article at [Hidden Content]

TikTok returns on Apple, Google app stores as Trump delays ban – Reuters TikTok returns on Apple, Google app stores as Trump delays ban – Reuters TikTok returns on Apple, Google app stores as Trump delays ban ReutersApple and Google restore TikTok to their US app stores CNNApple, Google Restore TikTok App After Assurances From Trump BloombergTikTok returns to Apple, Google app stores CNBCTikTok restored to Apple App Store and Google Play as ban still looms without a deal USA TODAY Source link #TikTok #returns #Apple #Google #app #stores #Trump #delays #ban #Reuters Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Adam Selwood remembers 'built-in best mate' Troy Adam Selwood remembers 'built-in best mate' Troy Former AFL player Troy Selwood has been remembered fondly by his brothers at a memorial service after he died suddenly last week, aged 40. Source link #Adam #Selwood #remembers #039builtin #mate039 #Troy Pelican News View the full article at [Hidden Content]

Coinbase Global (COIN) Q4 2024 Earnings Call Transcript Coinbase Global (COIN) Q4 2024 Earnings Call Transcript Coinbase Global (NASDAQ: COIN)Q4 2024 Earnings CallFeb 13, 2025, 5:30 p.m. ET Good afternoon. My name is Sarah, and I will be your conference operator today. At this time, I would like to welcome everyone to the Coinbase fourth quarter and full year 2024 earnings call. [Operator instructions] Anil Gupta, vice president, investor relations, you may begin your conference. Thank you. Good afternoon, and welcome to the Coinbase fourth quarter and full year 2024 earnings call. Joining me on today’s call are: Brian Armstrong, co-founder and CEO; Emilie Choi, president and COO; Alesia Haas, CFO; and Paul Grewal, chief legal officer. I hope you’ve all had the opportunity to read our shareholder letter, which was published on our investor relations website earlier today. Before we get started, I’d like to remind you that during today’s call, we may make forward-looking statements, which may vary materially from actual results. Information concerning risks, uncertainties and other factors that could cause these results to differ is included in our SEC filings. Our discussion today will also include certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures are provided in the shareholder letter on our investor relations website. Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this. On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves: Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon. Non-GAAP financial measures should be considered in addition to, not as a substitute for GAAP measures. We are once again using Say to enable our shareholders to ask questions. In addition, we’ll take live questions from our research analysts. And with that, I’ll turn it over to Brian for opening comments. Brian Armstrong — Co-Founder and Chief Executive Officer All right. Thanks, Anil. Crypto’s voice was heard loud and clear in this recent U.S. election, and it’s the dawn of a new era for crypto. President Trump is moving fast to fulfill his promise of making U.S. the crypto capital of the planet. And the most pro-crypto congress we’ve ever seen is now leading the charge on stable coin and market structure legislation. Given the U.S.’ leadership here, the rest of the world is taking notice and will be under pressure to embrace crypto adoption. So it’s hard to overstate the significance of this change that’s happened in the last few months. We have a number of new opportunities in front of us now to go build in 2025. Let’s talk about our financial performance in 2024, though, just to get started here. And it’s incredible. I mean, Coinbase had an amazing 2024. I’m very, very optimistic on this next few years. In 2024, our total revenue more than doubled to $6.6 billion, with $3.3 billion in adjusted EBITDA, making two straight years of positive adjusted EBITDA. By the way, if you look back five of the last six years, we had positive adjusted EBITDA now. So we’re completing this transition to being an all-weather company that can show a positive adjusted EBITDA. Our subscription and services revenue had an outstanding 64% year over year to $2.3 billion, driven by USDC, staking and Coinbase One. Our international revenue share reached 19% in Q4, and this is due to the improved payment rails and localization. We’ve got a repeatable playbook now that we can launch in these new markets and get them to contribution margin positive. And so, we’re going to keep doing that in more markets. And finally, we’re just so well-positioned to capitalize on these new regulatory tailwinds. It’s been incredibly validating of this long-term strategy we’ve taken at Coinbase to be the most trusted and compliant, and it’s finally paying off. All right. So, let’s talk for a minute about how crypto is now going mainstream, the regulatory environment, there’s clarity on the horizon. Every time you think about that, you should think that this is really TAM expansion for Coinbase. Coinbase is going to be the platform that’s going to power many of these companies that are coming in and trying to integrate crypto. And we like to say that on-chain is the new online. It’s a little bit like the early 2000s when every company had to figure out how to adapt to the Internet, up to 10% of global GDP could be running on crypto rails by the end of this decade and Coinbase is going to be the preferred partner to come in and build this for many of the companies out there because we have the most trusted and scalable infrastructure with the longest track record. Let’s talk a little bit about our priorities in 2025. So 2025 is going to be about growing revenue with our existing products. It’s going to be about driving utility in these new categories where crypto is getting to scale. And it’s going to be about building the foundations to power this next decade of growth. So first, we’re going to be driving more revenue in our core businesses. Let’s deep dive into that. Trading is often where we start with here. That’s the earliest thing that we got into in crypto with Coinbase. And we’re going to continue to expand on that leadership position. So we’ll be delivering best-in-class derivatives trading as part of our global offering. We’re going to be accelerating asset addition as clarity emerges there. We’re winning more and more advanced traders on our platform. And I’m really proud to share actually that we reached an all-time high for both U.S. spot and global derivatives market share in Q4, an incredible outcome due to the hard work of the team. So 2025 is looking very good. It’s off to a very good start here. We also have a stretch goal to make USDC the No. 1 dollar stable coin. We are very bullish on stable coins. We think USDC has a network effect behind it and the compliant approach that they’ve taken is, I think, going to be really defensible long term. So we’ll be accelerating the market cap growth of USDC with more partnerships and leaning into new use cases like adding payment support across our product suite. We’ll be accelerating our international expansion by replicating that successful playbook that I mentioned in these new high-growth markets and growing subscription services revenue by going on offense with in-store and retail staking growing our assets under custody for our custody business. I expect it will be a banner year for Coinbase One as well, especially in our international markets. So that’s our first prong of growing revenue with our existing products. Next, we really want to drive utility to get this next wave of mass adoption going for crypto. We think crypto is much, much more than just an asset class that people want to trade there’s going to be daily use cases for everybody in the world as Crypto updates the global financial system. And one of those big categories is payments. We’re already at scale, I’d say, on stablecoin payments. There was $30 trillion of crypto stablecoin volume last year. That was up three times year over year. And so, we’re moving with haste to integrate crypto payments across our entire suite of products. We think that will be a big business over time. And we’re also solidifying Base as the No. 1 chain for building — for start-ups to build on chain in large companies. We are going to continue to lower transaction fees on Base. We’re going to accelerate the flywheel with retail users and there’s a really nice tie-in here where CDP or a coin-based developer platform can provide a lot of the tools to help these companies integrate with Base. And so, that’s been a great time. On CDP, specifically, we’re going to keep making sure that it’s the leading platform for any company to develop applications on chain. And I think that will allow hopefully thousands of companies to come integrate and Coinbase can power a lot of that behind the scenes for them. OK. So we talked about growing revenue. We talked about driving utility. The third prong here for 2025 is about scaling our foundations. And we’ve got a world-class policy team. They’re laser-focused on getting some landmark crypto legislation passed. We are going to continue to support Stand With Crypto.org, hopefully get that to 4 million advocates by the 2026 midterms. So we’re not taking our foot off the gas there. We’re also — we announced further donations to fair shake super pack to support pro crypto candidates in 2026 and beyond. So there’ll be lots of policy efforts continuing and not just in the U.S., by the way, this will be taking place in a number of countries. And then, we’re also going to continue to scale our back-end services as crypto continues to reach new all-time highs in transaction volumes, we — every time we hit a new order of magnitude, we have to rearchitect our back-end systems and this is what supports our own products, but it also is supporting many, many third parties now. So all of the above is how we are going to expand our lead and define the future of crypto. And in closing, I just want to remind everybody. I hope everybody appreciates this. I mean, we’re really entering a golden age for crypto here. The opportunity in front of us is unprecedented to update the financial system and increase economic freedom around the world. The regulatory overhang is lifting. Governments are leaning in, and we’re shaping the next chapter of crypto from trading to payments to consumer apps and beyond. 2025 is going to be a very good year. And I’ll turn it over to Alesia now. Alesia Haas — Chief Financial Officer Thanks, Brian, and good afternoon, everyone. As Brian shared, fourth quarter was a strong quarter for Coinbase and we wrapped up a great year. I’m proud that we executed on our three financial priorities, we diversified our revenue, we generated positive adjusted EBITDA and we maintained operating discipline, while we invested opportunistically to achieve our business goals. So let’s dive into our results. All comparisons I make will be on a quarter-over-quarter basis, unless I note otherwise. Starting with the macro backdrop. Crypto markets rallied subsequent to the U.S. elections, given the election of the most pro-crypto Congress and president in history. Underpinning this, in the quarter, we saw average crypto market cap increased 33% and crypto asset volatility increased 27%. With this backdrop, our Q4 total trading volume was $439 billion, up 137%. Our consumer trading volume was $94 billion, up 176%, and we outperformed the U.S. spot market, which increased 126%. As Brian shared, this was an all-time high. Consumer transaction revenue was $1.3 billion, up 179%. We saw strong growth in both simple and advanced trading volume. Our mix of consumer trading volume was very similar in Q4 as compared to Q3. During the quarter, we listed 13 new assets, including popular memecoins like PEPE and WIF. Further, we invested in trading experience improvements, platform stability and collectively, these efforts, in addition to the market conditions, drove our MTU growth of nearly 24%, up to 9.7 million MTUs. Nearly half of our trading customers in the fourth quarter were either new to Coinbase or resurrected from over a year ago, and we’re pleased to see these market participants come into the space. Our institutional trading volume was $345 billion, up 128%, also outperforming the U.S. spot market. Institutional transaction revenue was $141 million, up 156%. In the fourth quarter, we saw strong adoption of the prime product suite across custody, trading, financing and staking. Our top clients are engaged with most of these products in 2024, and our onboarding pipeline remains robust. Our prime financing product had all-time high loan balances in the fourth quarter in connection with the strong market conditions, and we see elevated trading among clients who are using financing. Turning to our subscription and services revenue, which reached $641 million, up 15%. Our revenue growth was driven by higher asset prices and USDC market cap, as well as native unit inflows across staking, custody and the USDC within our products. I want to touch on two points within subscription and services. First, our stablecoin revenue declined $21 million or 9%. We are super pleased to see USDC market cap increase and our on-platform balances grew, substantially during the quarter. However, the lower interest rate environment and the impact of a new USDC ecosystem participants more than offset this growth. Second, other subscription and services revenue grew $33 million or 56%, this was largely driven by Coinbase One. In early December, we announced Coinbase One exceeded 600,000 paid members, and we continue to see strong growth since then. Switching to expenses. Total Q4 operating expenses were $1.2 billion, up 19%. Our expense growth primarily was driven by higher transaction expenses in connection with higher trading activity. Technology and development, general and administrative and sales and marketing collectively grew by over $84 million or 10% quarter over quarter due to high performance marketing spend, higher USDC rewards and some policy-related spend in the quarter as we pursued advocacy efforts within the crypto space. Our fourth quarter adjusted EBITDA was $1.3 billion, and net income was also $1.3 billion. Net income benefited by a $476 million in pre-tax gains on our crypto asset investment portfolio. The vast majority of this gain was unrealized. I want to note that on an after-tax basis, this represented $357 million of gains. Lastly, our USD resources grew to $9.3 billion by the end of the quarter. Our strong balance sheet gives us the resources and flexibility to invest in the business, provides capacity for acquisitions, enables us to invest in more crypto assets or opportunistically address the capital structure by a share or debt repurchases. Generally, we believe building a strong balance sheet provides us maximum optionality to capitalize on whatever opportunity we find as they arise. Before we get to outlook, I want to highlight one important change in disclosure. In January, the SEC issued Staff Accounting Bulletin 122, which rescinded the Gensler-era SAB 121, which in turn required us to record customer crypto assets and liabilities on our consolidated balance sheet. We early adopted SAB 122, which repealed SAB 121, and it reverses that requirement. As such, we are no longer reporting safeguarded customer assets and safeguarded customer liabilities on our balance sheet. In its place, we’ve reinstated assets on platform as a key business metric, which reports the amount of crypto and USDC, we are securely storing on behalf of our customers. The only material change is the location of where we disclose customer assets in our audited financial statements. No change to our operational and legal processes of securely storing customer assets, no change to our obligations or risks. As of December 31st, we had $404 billion in total assets on platform, approximately 12% of total crypto market cap. You can see our assets on platform is included in an audited footnote within our 10-K. Finally, I’ll close with a few comments on our outlook for Q1. We’ve had a strong start to the year and have generated roughly $750 million in transaction revenue year to date. We expect Q1 subscription and services revenue to grow sequentially and be in the range of $685 million to $765 million. We expect growth to be driven by higher stablecoin revenue, continued growth of Coinbase One subscribers and the higher average crypto asset prices we’ve seen so far in the quarter. With regards to stablecoin revenue, Brian mentioned earlier our stretch goal to make USDC the No. 1 dollar stablecoin. I think, it’s important to note that we hope to achieve this over the next few years. We expect Q1 technology and development and general and administrative expenses to be in the range of $750 million to $800 million. On sales and marketing, we expect the range to be between $235 million to $375 million. Where we fall in this range will largely depend on whether we continue to see attractive performance marketing opportunities, and the product USDC balances, which drives USDC Rewards. With that, Anil, let’s go to questions. Anil Gupta — Vice President, Investor Relations OK. So we’ll take the Top 3 questions from the Say portal. The first one is how did the liquidation event that took place in early February affect Coinbase users? Are Coinbase users mostly buyers of that or have you lost users as a result of the violent price action that took place? Alesia? Alesia Haas — Chief Financial Officer Well, I need to laugh at this question a little bit because volatility has been inherent to crypto. The price actions we saw in February are no different than the price actions we see on an average week or an average month within our industry. So the markets recovered quickly. And I think it’s really important to note that our retail users are long-term hodlers. We tend to see them hold for long periods of time and opportunistically come in and out in the markets when they see market conditions that are attractive to them. So there was no meaningful impact to our business as a result of the February volatility and market dislocation we saw in the broader market. Anil Gupta — Vice President, Investor Relations Second question, regulatory headwinds are shifting to tailwinds, Base is skyrocketing to be the top layer to broad USDC adoption. International purpose business is booming, AI leader. CDP is the AWS of crypto and the inclusion of Coinbase in the S&P 500 potentially coming soon. Any other promising growth drivers to highlight, Brian? Brian Armstrong — Co-Founder and Chief Executive Officer Thanks for the question. I promise I didn’t plant that or upload it myself. But I think what the question is touching on here is that we are a multiproduct business. We have a diverse stream of revenue from different revenue — different product lines that we have out there. It’s something I’m really proud of, actually, that shift that we’ve made to having a retail platform, an institutional platform, a developer platform. And so, that bodes well for, I think, the TAM of what we can get to over time. You asked about promising growth drivers to highlight. One of the things we try to do in these earnings calls is only talk about things which are now live, and I don’t like to give — announcing vaporware, but I can assure you there’s a lot of things we’re working on internally, which I’m not ready to announce today. I guess, I’ll just go back to a couple of things that I am particularly excited about that I mentioned previously. And one is just this next act for crypto. It’s no longer just an asset class. People are using it daily utility for more and more things. Base is powering crypto utility across a whole wide range of apps, payments are taking off with stablecoins, as I mentioned, things like prediction markets are providing real-world utility, lots of people who — they weren’t previously specifically interested in crypto or trading, but they’re finding it as a new source of truth out there. And then, I’d say, our international expansion is also really exciting right now and lots of M&A opportunities. But some of it will just do organically as well. We have this playbook now where we’ve been able to get contribution margin positive and I think all the countries we’ve launched in actually at this point. And so, that just tells me we should be doing more of them. And we’re going to go build out this world-class trusted trading and financial services infrastructure in as many countries as we can. Anil Gupta — Vice President, Investor Relations Great. Final question, what are some initiatives that are now possible to explore under the new regulatory regime? Brian? Brian Armstrong — Co-Founder and Chief Executive Officer Yeah, it’s really been a sea change, and it’s been great. I feel like we have access to all the relevant decision makers and folks in government now. And it doesn’t mean they’re all going to do what we want, but at least we can get meetings and share our point of view. They can take input from all the relevant parties to come up with clear rules. So one that I’m really excited about is perpetual futures. Most crypto trading actually happens with perpetual futures outside the U.S. and the U.S. was really far behind on this. We made this point to folks many times in the last administration, we couldn’t actually get approval to do it in the U.S. I’m hopeful there’s a path to do that now in the U.S., which would bring a lot of the trading volume back onshore in this new regulatory regime. I’m also pretty interested in tokenized securities and equities, the traditional securities and equities out there. I think that it offers a lot of promise to consumers around being able to trade 24/7. People internationally who maybe don’t have easy access to this being able to trade and trading fractions of a share. The clearing and settlement could happen real time. A number of kind of fee takers in the middle could be — it could be the whole thing could be simplified and optimized if it was happening unchanged is because crypto is a way to update the financial system. So that’s a pretty promising area that I think could be exciting over time. for the whole industry. Prediction markets I mentioned, sort of the loss of trust in our institutions around the media and what’s happening in the world. And so, people are trying to figure out what’s true. And I think prediction markets are a pretty interesting way to get to truth about what’s actually happening in the world, not just around elections, but all kinds of things. Yeah. And then, we are seeing more and more partnership opportunities, traditional financial firms, tech players are all reaching out in 2025 with this new regulatory environment. M&A is legal again in the United States, sort of jokingly I’m saying that, but there’s an incredible pipeline of companies out there that could make sense to purchase as well. So yeah, a lot of good things on the horizon. Anil Gupta — Vice President, Investor Relations Thank you. So with that, Sarah, let’s take our first question from the line, please. Operator Thank you. Your first question comes from Owen Lau with Oppenheimer. Your line is open. Owen Lau — Analyst Good evening, and thank you for taking my questions, and congratulations on a great quarter. So when I look at your December and January market shares for U.S. spot crypto, it looks like you started to take share away from your competitors. There have been many lower-cost products out there since 2021, like FTX and now spot ETF. Could you please talk about how you can still gain shares, not just one month or two months, but through the cycle? And what makes Coinbase different from other platforms? Thanks. Brian Armstrong — Co-Founder and Chief Executive Officer Yeah. Well, thanks for noticing that. We were really proud to see that we did hit an all-time high for both U.S. spot and global derivatives market share in Q4. And look, crypto is on the rise. There’s going to be lots of companies that are integrating crypto. We think that’s a good thing. We think that that’s — to get more and more global GDP running on crypto rails, we’re going to have to have every bank, every fintech, every payment platform around the world begin to integrate here. And so, Coinbase, we want to do that on our platform, but we also want to power this across all the other countries and companies out there. And so, we’re very focused on playing a role in that with our developer platform. So our share did grow quite a lot. I think that just speaks to the trust that people have in Coinbase as a platform but we don’t see it as a zero-sum game. We’re trying to grow the size of the pie, 100 times for everyone. Alesia Haas — Chief Financial Officer Owen, I might just add on. We’ve seen a very strong start to Q1 and we believe that the underlying efforts that we are making to add assets to continue to improve the user experience, our platform stability and effective marketing will continue to position us well to gain share over the long term. We’ve always had experiences where a certain week, a certain month that our share falls after due to different trading payers being popular in the market that we may not have either on our platform or the right pricing for, but what we see is, over the long term, we can durably gain share and retain and grow users on our platform. Operator The next question comes from Devin Ryan of Citizens JMP. Your line is open. Devin Ryan — Analyst Thanks so much. Hi, Brian. Hi, Alesia. I have a question on international derivatives. Obviously, just gaining kind of massive traction there and another great quarter of growth. It seems like the fees there are quite a bit lower, obviously. And so, I also appreciate that might make sense as you’re taking share at this type of rate. But I’m curious as you think about take rates in derivatives kind of longer term? Should we expect that they would kind of hold the line with where they are now? Or could there be an opportunity to actually increase the take rates as you get to kind of a more mature share? Just curious kind of how to think about this opportunity longer term as you continue to grow it. Thanks. Alesia Haas — Chief Financial Officer Thanks, Devin. So right now, we’re focused on building liquidity and building trading volume. And we are providing incentives to various market participants in order to focus on building that depth of liquidity in each of the order books as we put them on the platform. So yeah, I do believe that over time, our fees will evolve and become more mature as we gain to the scale and market position that we seek to have and that right now, we are not focused on monetizing at the top of the range. That said, we’re going to monetize this competitive with the market, and this is a lower-priced product than spot trading. And so, you can see us be in a competitive market position here, but not at the current levels that we are today. Operator The next question comes from Benjamin Budish with Barclays Capital. Your line is open. Benjamin Budish — Analyst Hi, good evening, and thanks for taking the question. I was wondering if you could unpack a little bit of some of the activity, the trends you’re seeing in some of the either kind of new to Coinbase or resurrected customers. Can you talk about what is the sort of activity level? Are they coming over with large accounts? Are they engaging in a lot of trading? Or is a lot of the trading coming from your sort of back book of existing customers. So what does that cohort look like? And maybe similarly with Coinbase One what is the activity level like of the new traders, how would you describe that group? Thank you. Alesia Haas — Chief Financial Officer All right. I will start this and Brian, please feel free to add on. So, we don’t break out details on our customer cohorts in general. But what I would say is that new users tend to come on for either new coins that we list or they come on as first-time users of crypto, where they’re typically buying Bitcoin or Ethereum or large market cap assets, those tend to be two waves of new user adoption, new product or new into crypto. But we’re actually seeing those just the benefits of our effective marketing program, and we are really proud to say, over time, our marketing has always been effective at a very good return on customer acquisition. It’s a one-year return on investment. And so, that cost of customer acquisition, we get paid back within a year. And so, that’s the trading activity that really typically drives that return. Resurrected users. These were users that we’ve always had on the platform that have already said, “Oh, I’m interested in crypto, but I’m not a daily active user. I’m just someone who was buying and hodling.” And they tend to reengage whenever you see higher volatility, higher price and crypto in the news. And those tend to be similar trends we’ve seen over time with our users on our platform. They’re more engaged in these kind of more peaky market conditions. With regards to Coinbase One, we opened this product up internationally. And so, a lot of our growth has come from making Coinbase One more attractive around the world, more available around the world with new benefits. These are users who are actively trading typically every single month because they benefit from the trading fees by having this monthly payment that they make to us. So these tend to be more active users, and we tend to see Coinbase One users more deeply engaged with all products on our platform. Brian Armstrong — Co-Founder and Chief Executive Officer Yeah. I think, just to add to that, people who are holding crypto and they’re not checking it that often, maybe — and then the price ticks up, they’ll resurrect, they’ll come back to check on their balance. But every time they do that, there’s an opportunity to put other products in front of them. Maybe they want to get a loan on their Bitcoin, maybe they want to have a Coinbase card. Maybe they want to earn staking rewards. And so, maybe do payments to — peer-to-peer payments or anything. So there’s more and more products we can put in front of them every time they come back. And so, it’s all of the above, I think it’s really the short answer to your question. Those users coming back are doing everything. Operator The next question comes from Ken Worthington of J.P. Morgan. Your line is open. Ken Worthington — Analyst Hi. Good afternoon. Thanks for taking the question. We have a more friendly administration, which you noted. The White House repealed SAB 121 right out of the gate. As we look forward, what are the more or most important pieces that Congress and regulators have to get right in order for the construct — in order to get a constructive market for developers that were hoping — actually developers and markets that we are hoping to see? Brian Armstrong — Co-Founder and Chief Executive Officer Yeah, I’ll share a few thoughts on that, and then maybe, Paul, if you want to add anything. So the first part of it is really market structure legislation being passed. And another word people use for this is token classification, which is essentially answering this age old question of which of these are commodities, which of them are securities, which of them are payments or currency, stablecoins and which of them are something else entirely, it’s not regulated like artwork or collectibles. And so, if we can get that token classification clarified in new legislation or if Congress can really do that, I think it would open up huge pools of capital to flow into crypto. All kinds of good things happen. Startups can start to build. So that’s the first piece is market structure or token classification. The second piece is around stablecoins, and we really want to see a clear framework emerge to have dollar-backed stablecoins be issued in the United States with clear legislation behind it. We want to make sure that there’s a state pathway for those. It doesn’t have to just be done federally. We want to make sure that you don’t have to be a bank, although you could to issue a stablecoin. I think, if you’re not doing fraction reserve, you shouldn’t need a banking license, you could be, for instance, a trust company. You need to pass audits that show you have 100% reserves, things like that. So that would be — those would be key pillars of a stablecoin bill. Beyond that, I think it would also be great to see a strategic Bitcoin reserve in the United States. We need to make sure that there’s fair access to banking services, things like Operation Choke Point don’t happen again. And just I’d say broadly, there’s almost like a bill of rights for the American citizens that they — the right to self-custody and to own crypto and to use it. These are foundational principles that we’re hoping would come out of any legislation. Paul, anything I missed? Paul Grewal — Chief Legal Officer I would just underscore, Brian, the need for a functional bill of rights. And fortunately, I think the executive order that the president issued provides really a nice foundation for that. You saw things like statements that commit to protecting lawful blockchain activities and promoting dollar-backed stablecoins, critically ensuring fair access to banking services. So I think the bones are in place to support that. And we are also quite encouraged by the early work of the crypto task force, the SEC, in which — under which or by which Commissioner Peirce, I think, has made it very clear, she intends to move and move fast on providing real guidance to the market and especially to builders on what they can expect and what process they can expect when they come in and meet with the SEC in the months and years ahead. Operator Next question is from Pete Christiansen with Citi. Your line is open. Peter Christiansen — Analyst Good evening. Thanks for the question. Congrats on the outstanding quarter and results. Brian, I’m curious, I want to dig a little bit more into the consumer acquisition strategy for Coinbase. I’d love to hear your thoughts on how do crypto natives build up the value proposition for consumers to trade on crypto native solutions? How does that value proposition or the differentiation evolve Val versus all-in-one TradFi kind of solutions that are out there? Thank you. Brian Armstrong — Co-Founder and Chief Executive Officer Yeah. Well, a lot of people come to the platform initially. They’re curious about crypto. Coinbase has the most trusted brand. We’ve been around the longest. We’re dedicated to crypto. And so, that’s the entry point for a lot of folks. We also do a lot of traditional marketing. We do a lot of referral marketing and growth programs within the company, which are very effective and positive ROI, we try to target that one-year payback ******* that Alesia mentioned. And so, as they come in and that sort of often people’s first foray into crypto, they start to learn a little bit more about it and then they start adding on other products, right? This is where they might do payments or staking or borrowing and lending or Coinbase Card. And eventually, we see businesses onboarding as well, and they’re using it for their own purposes, treasury management, hedge against inflation, maybe starting to pay vendors overseas. And so, you can see there’s often the thing that gets them in the front door to start with, but then they start to realize there’s a broader potential here, and they start to think about Coinbase as a primary financial account where they can participate in this new economy. Today, only about half of — 1% of global GDP is running on crypto rails, but we think that that could expand dramatically by the end of the decade. And that starts — where things start to get really exciting as this is a foundational account you might have for the — your participation in the global economy. So I’m not sure if I answered your question directly. We can talk about there’s crypto-native competitors. There’s traditional TradFi competitors. There are some that are specific to each category out there. But if you have any further follow-ups, just let me know. Emilie Choi — President and Chief Operating Officer I think just to double down on that. The way that we look at the competitive set is we are a crypto-native competitor that plays deeply in and has leaned into the values of leaning into regulatory, leaning into security, leaning into ease of use. And I think one of the things that Brian realized very early on was that being crypto-native was akin to being digital native back in the day. If you look at something like traditional retailers who added digital as a feature, it was never nearly as impactful as building from the ground up digital native the way like a company like Amazon did. And I think that that benefits us because even if you are, as Brian described, somebody who is curious about crypto, you come in, perhaps you’re curious about Bitcoin. You’re then — you come into Coinbase, you have a good experience. perhaps you try other assets, perhaps you try staking and are exposed to other crypto-native features. And having that — the rails and building blocks for that, including things like Base and Wallet and USDC, I think, provides us with a much stronger durable competitive advantage over time. Operator The next question is from Patrick Moley of Piper Sandler. Your line is open. Patrick Moley — Analyst Yeah. Good evening. Thanks for taking the question. So Brian, a few weeks ago, you posted on X and said you felt like Coinbase needed to rethink its listing process given the sheer volume of tokens that are being created on a daily basis a lot of which I would assume are kind of these meme tokens where you’re seeing a lot of trading being done. So could you maybe just expand on those comments and talk about how you see your listed token offering evolving from here? Thanks. Brian Armstrong — Co-Founder and Chief Executive Officer Yeah. Thanks for reading that and bringing it up. I do think it’s an important transition that the industry is going through where we are seeing more and more tokens being created. And I think that’s a really good thing. It means people are using crypto for lots of different use cases. And it’s actually — by some estimates, we’re at about 1 million tokens a week here. And many of those are lower quality or memecoins. But it speaks to just the volume of what’s happening here. It’s a little bit like the early days of the Internet, you could list all the major websites on a single directory. And eventually, you needed Google Search to sort through because the Internet just got so big. And it’s a little bit what we’re seeing with crypto. So what this means for Coinbase is that we need to deeply integrate decentralized exchanges into our product where I think the customer won’t really know or need to care about whether it’s trading on a centralized exchange or a decentralized exchange. They just want to look up an asset and maybe participate in that. But we also need to balance giving people — the customers access to what they want with appropriate disclosures and consumer protection so that they know that they’re trading the appropriate asset. It’s not something pretending to be that asset or it’s a little bit like again, searching through — there might be 100,000 results in Google, but you kind of want to only look at the first page or if you search for some product on Amazon, there might be thousands of them, but you want to buy the one with the best reviews. So I think there’s a variety of ways that we can balance that consumer protection with giving customers access to the broad range of assets out there. Operator The next question comes from John Todaro with Needham. Your line is open. John Todaro — Analyst Thanks for taking my question, and congrats on the really strong quarter. Brian, I have a broader question about the overall vision for Coinbase to maybe become something a lot ******* than a crypto brokerage. The two areas I see are stablecoins and then the tokenized real-world assets, which you’ve discussed some, you could see a world where a lot of that transfer activity ultimately happens on Base. So one, just do you agree with that vision? And then, two, is there anything more specifically you guys can do to push both of those segments? Brian Armstrong — Co-Founder and Chief Executive Officer Yeah, well, that is definitely the plan. I think, I guess, people are coming into crypto to think of it as an asset class they could trade. And over the last 10 years, it was the best performing asset class out there, but it’s already become much, much more than that. And for people who don’t use crypto every day, they sometimes don’t fully wrap their heads around that. But if you look at that stablecoin volume, a $30 trillion of volume last year, it grew 300 — or three times year over year. If that continues, it’s going to be really a meaningful portion of global GDP. And so, that’s a huge one that you mentioned. And tokenizing real-world assets or traditional securities. I mean, eventually, real estate, the debt markets like private credit, everything should come on chain. It’s really just a more efficient way of transferring value and it can do real-time settlement and eliminate various risks that are out there in the ecosystem. So I mean, there’s lots that we can do on this front. I mean, the broadest sense of the thing that we are doing is we’re trying to make all these products trusted and easy to use. I think that’s where we differentiate the most on our brand. People — they — we see in surveys that they do trust the Coinbase brand the most. It comes from our track record of compliance, security, design, customer support, a variety of things go into that trust. And then, we’re trying to make it easy to use for the average person. So they may not understand quite how to access a decentralized exchange through DeFi and worry about private keys and addresses and bridging and all these complex topics. But if we make it simple, we think there’s an order of magnitude more people who will come and use our products. On stablecoin, specifically, for instance, we can — I think we can really fuel a lot of that growth by just driving more partnerships with global and local players like Stripe and Yellow Card to do more global adoption. We’ve been adding a number of additional stable coin trading pairs on our platform. We’ve been offering rewards to our customers when they hold USDC. So it’s almost like having a checking account in a — not even a savings account, it’d be like — I guess, like something that pays much more like owning short-term treasuries or something. But you can have that in just one account. And these are things we can do to help drive adoption of these various things. So yeah, I mean, longer term, it’s — we want to be the primary financial account for many people in the global economy. And so, you could compare that to a brokerage, you can compare it to banking, you can compare it to a payments company. I think, it has aspects of all of those things in the limit here. That’s the aspiration. And so, that’s a pretty exciting opportunity and one can think about what the value of that might be over time. Operator The next question comes from Dan Dolev of Mizuho. Your line is open. Dan Dolev — Analyst Hey, guys, great results out there. I just wanted to ask about — I think you mentioned kind of global contracts earlier. So I think your competitor was talking about sort of this is a big market of political betting or any betting. Is there any view here to use Coinbase as a platform globally to do something similar? Thank you. Brian Armstrong — Co-Founder and Chief Executive Officer OK. I think, you’re referring to prediction markets. Yeah, so we are not — we have nothing to announce today on that front, but I do think prediction markets are very exciting. I touched on it a little bit in my opening remarks. But I think the — really the United States, but the world kind of got a wake-up call on these prediction markets in this recent election. I think, it was — some of these were like that in the top few downloaded apps in the app stores during the election. And they called the election correctly, far in advance of every other traditional source that was just flat wrong. And so, this is answering a big — crypto is like the answer to this major question people have in society today, which is how do I know what’s true. Everybody is worried about misinformation. They’re worried about bias. And the beautiful thing about these prediction markets is that people have real skin in the game. And so, I actually think it’s a better source of truth than what we’re seeing in many traditional media publications. And if you look at the surveys around people’s trust and institutions. It’s like the traditional media, etc., it’s at an all-time low. So it’s just one more example where I think crypto can provide an interesting solution. We are interested in looking at it more over time. Emilie Choi — President and Chief Operating Officer One of the things about Coinbase is that we’re not necessarily always first to market with the cutting-edge products, and we’re actually comfortable with that position. We’ve watched for example, international markets that are more deregulated, launch products that then we can adopt here, especially with the good favorable regulatory climate here. Or there’s just a swath of different products that come out, and we can watch as they resonate or don’t resonate with users. That’s one of the reasons that we’ve invested so much in Coinbase Ventures. It allows us to get ahead to have multiple plays to plant many seeds. And then, as those things potentially sprout, we can take advantage of them either by buying, building or acquiring or partnering over time. Operator The next question comes from Bo Pei of U.S. Tiger Securities. Your line is open. Bo Pei — Analyst Thank you, management, for taking my questions, and congrats on the strong result. Two questions, if I may. So first is about retail trading fee rate. So historically, the retail trading fee rate has tended to decline during periods of surging trading volume. However, this quarter, despite trading volume nearly tripling, the retail fee rate actually increased slightly sequentially. So could you just provide more insight into this dynamic? Was this primarily driven by a rapid increase in derivatives revenue or changes in stablecoin trading fees or other factors? That’s my first question. Alesia Haas — Chief Financial Officer Bo, this quarter, we just saw strong growth at both simple and advanced trading. And so, we didn’t see any disproportionate contribution from either one of them, which is why the fee rate was largely similar quarter over quarter. So we just saw growth across the board. Bo Pei — Analyst Yeah. And second question is about competition. So yesterday, an online trading platform reported, I think, 400% year-over-year growth in crypto trading volume. How do you view the competitive landscape in this environment, specifically? How do you plan to compete with peers that offer a broader range of trading products beyond crypto? Brian Armstrong — Co-Founder and Chief Executive Officer Yeah. So this is Brian. I can share a little bit how we think of it. So we really want everyone to come into crypto. And I keep saying this and maybe people don’t fully believe me, but it’s really true. We are trying to get the global financial system updated and have more and more global GDP run in crypto rails. We think that that’s a more efficient fair and free world. It will accelerate progress and it creates economic freedom. And we’re going to have to have every bank, every payment company, every brokerage, etc., integrate crypto into their platforms. Now Coinbase can be the primary financial account, we can be the most trusted product out there for many people, we can also power a lot of this for other companies. And so, we’re genuinely not that worried about the competitive landscape. I mean, we have to make sure we’re meeting our customers’ needs, but — the way we do that is by going and talking to our customers, we don’t necessarily look at what other people are doing. We want more and more people to participate here. We want to power those solutions for them. And it’s just whenever you see new companies coming into crypto, you should think that is great for Coinbase. It’s TAM expansion. Emilie Choi — President and Chief Operating Officer It goes back to my thing about that we think being crypto-native and having been here for this long is a huge competitive advantage. We actually weirdly welcome everybody coming into the space. We think it’s good for the whole ecosystem. When there are free markets, when TradFi competitors and others further validate the industry for their customers. And I think one of the things Brian had said, I remember at the IPO roadshow was where they — we zig where they zag. We’ve always been about crypto first, and we think it benefits our customers and it benefits of us over the longer term. Brian Armstrong — Co-Founder and Chief Executive Officer Yeah. I think, you shared a question about just other trading products, etc. We sort of mentioned earlier this idea of tokenizing traditional securities or other real-world assets. Like all of these categories, I think, are eventually going to get tokenized and put on chain. And so, we’re focused on the on-chain economy here and the crypto aspect of it, but that’s going to grow to include more and more of the total financial system in all asset classes. Anil Gupta — Vice President, Investor Relations Sarah, we’ll take one more question. Operator Thank you. Our final question will come from Alex Markgraff of KBCM. Your line is open. Alex Markgraff — Analyst Thanks. I’ll try to squeeze in two here if I can. Maybe just one model one first. As it relates to the sales and marketing outlook, understand the logic in terms of the wider than usual range. Just curious, is that — wider than usual range, is that a new approach to forecasting that line or how you’re communicating that to us? Or is it more a function of market conditions as you’re going through the planning process? Alesia Haas — Chief Financial Officer This outlook is a function of the current market conditions. We saw wider opportunities to deploy marketing dollars post-election. We’ve seen great variance week-to-week as we’ve gone through the last eight weeks. And we wanted to recognize that the next six weeks of the quarter could be quite volatile. And so, we wanted to capture an outlook that didn’t give us any restraints on the business if we saw great opportunities to put money to work to acquire new customers, but also communicated that it could be wide. So just a function of what we see today. Alex Markgraff — Analyst OK. Understood. Thank you. And then, Brian, maybe one on CDP. When you talk about companies building on-chain, maybe just could you paint a picture of sort of non-crypto native participation today and how you would expect that to evolve in a backdrop where there is clearer regulation and legislation in the near term? Thank you. Brian Armstrong — Co-Founder and Chief Executive Officer Yeah. Well, a lot of the early adopters of CDP are start-ups, but if you’re talking about — and they’re doing interesting things with AI and like payout solutions and a lot of things sort of more native on-chain. But if you’re asking about non-crypto native adoption — and by the way, Coinbase Prime has a great API solution, a lot of parties are using that. So there’s various actually ways we can serve them. It’s not — it’s not only CDP. Like various institutional clients can automate pieces of their Coinbase Prime account with an API as well. But I think what it will look like over time for the non-crypto natives, the Fortune 500s of the world, etc. First, they’ll come in and they’ll say, OK, for just good treasury management, inflation risk mitigation, we should hold percentage of our balance sheet in Bitcoin. That’s just a — that’s the new gold standard, right? It’s just going to become like a best practice. And we can help them with that. I think, then, they’ll start to think about, OK, how much am I paying in B2B payment fees, paying various vendors and where might there be like financing opportunities. So cross-border payments, these kind of things are areas where crypto can really provide a better solution. And so, I think they’ll integrate from like a treasury management payments like those sort of things from the Fortune 500. Now some of them will actually go even further than that, I think, and they’ll start to say, OK, how do we issue our rewards points on-chain? How do we allow members of our community that are — like some new products they’re launching to participate in a sense of ownership around it or governance around it, right? Others might — like if you were building Reditt or Uber or Airbnb today, you’d probably — you’d want the early users on that platform — or Wikipedia or anybody contributing to a community or a product, you’d want to have the early users of that platform earn rewards or have governance rights over it, just like the employees working on it, right? And so, you can imagine new products being launched in those categories. So yeah, I think eventually, it will integrate into many different companies in different ways. But crypto is many different things, and we can provide those services through our — through CDP, Coinbase Prime, etc. Anil Gupta — Vice President, Investor Relations Great. That’s it for today. Thank you all for joining us, and we look forward to talking to you again next quarter. Operator [Operator signoff] Duration: 0 minutes Anil Gupta — Vice President, Investor Relations Brian Armstrong — Co-Founder and Chief Executive Officer Alesia Haas — Chief Financial Officer Owen Lau — Analyst Devin Ryan — Analyst Benjamin Budish — Analyst Ken Worthington — Analyst Paul Grewal — Chief Legal Officer Peter Christiansen — Analyst Emilie Choi — President and Chief Operating Officer Patrick Moley — Analyst John Todaro — Analyst Dan Dolev — Analyst Bo Pei — Analyst Alex Markgraff — Analyst More COIN analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company’s SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has positions in and recommends Coinbase Global. The Motley Fool has a disclosure policy. Coinbase Global (COIN) Q4 2024 Earnings Call Transcript was originally published by The Motley Fool Source link #Coinbase #Global #COIN #Earnings #Call #Transcript Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

US consumer watchdog broadens layoffs beyond probationary staff, sources say – Reuters US consumer watchdog broadens layoffs beyond probationary staff, sources say – Reuters US consumer watchdog broadens layoffs beyond probationary staff, sources say ReutersWatchdog agency’s closure could lead to more military financial scams Military TimesFrom credit cards to medical debt: What may happen to some key consumer protection rules under Trump CNNSen. Elizabeth Warren’s two-word plan to save the CFPB from Elon Musk Mother Jones Source link #consumer #watchdog #broadens #layoffs #probationary #staff #sources #Reuters Pelican News View the full article at [Hidden Content]

Min Woo Lee in contention at wet Torrey Pines Min Woo Lee in contention at wet Torrey Pines Min Woo Lee began with a bogey and finished with a birdie to remain in contention after a rollercoaster opening round at a wet Torrey Pines. The West *********** shot a one-under 71 on Thursday to finish three behind leader Denny McCarthy at the Genesis Invitational. The world’s leading players have all converged for the signature event at Torrey Pines rather than Los Angeles’ Riviera Country Club because of last month’s wildfires that caused extensive damage to the Los Angeles area. Uncharacteristic wet and windy conditions in San Diego kept scores down in the first round. Only 19 of the 72 players in the field shot even par or better. Lee had an interesting round to say the least. He dropped a shot on the par-four first before regrouping with a birdie on the third. On the par-five sixth – ranked the second easiest hole on the day – he launched his drive 335 metres but left his second disappointingly short off the green. He then chipped in from 33 metres to grab eagle. But on the very next hole, he gave one back to the field as he made bogey. On the back nine, Lee made a bogey and then birdied the last to return to the clubhouse at one under. McCarthy, meanwhile, made an eagle on his final hole for his four-under 68 that set the pace. Patrick Rodgers and Ireland’s Seamus Power are one shot behind with world No.1 Scottie Scheffler two back. “It was chillier yesterday, a little rainier, a little windier, and it was out of a similar direction,” McCarthy said. “It’s a very difficult golf course. I enjoy the challenge of it I’m not the longest of hitters, but you’ve got to keep it in the fairway. “I didn’t do that for a couple holes coming in, I got some decent breaks, I managed to save some good pars.” McCarthy, 31, has yet to win on the PGA Tour but qualified for the signature event via the FedEx Cup standings from 2024. Other than Lee, the rest of the *********** contingent found the goings tough. Adam Scott (74) was next best with his two-over score. Like Lee, he also had a wild ride. The 2013 Masters winner started on the 10th and made three consecutive bogeys before finishing on the 18th with an eagle. On his back nine, he made back-to-back bogeys on the fourth and fifth before making birdie on the sixth and finishing in a tie for 25th. Jason Day (76) and Cam Davis (77) also struggled, while it was a round to forget for Danny List – making his PGA Tour debut courtesy of an invitation from Tiger Woods. List got in via a Charlie Sifford Memorial Exemption, named after the first African-American PGA Tour player, which is gifted to a player who represents the advancement of golf’s diversity. A Ghanaian by birth, List began his career at the Achimota Golf Club in Accra where there was no driving range, chopped-up fairways and sand greens. List’s seven-over 79 left him in front of only Rasmus Hojgaard (82) and Adam Hadwin (83), but luckily for the West *********** there is no halfway cut at the Invitational. Source link #Min #Woo #Lee #contention #wet #Torrey #Pines Pelican News View the full article at [Hidden Content]

Allegiant Air officially adds new destination from this SWFL airport Allegiant Air officially adds new destination from this SWFL airport Options are always a good thing when it comes to traveling. Now, Southwest Florida travelers have another option thanks to Allegiant Air, which launched a new destination today (Feb. 13) from Punta Gorda Airport (PGD) in Charlotte County, just north of the Lee County line. Last November (2024) Allegiant announced a major expansion, adding 44 new nonstop routes. The new routes will connect passengers in 51 cities across the United States, with a focus on underserved communities and vacation destinations. Twelve new routes are being added this month, including starting today (Feb. 13) the Punta Gorda/Fort Myers to Chattanooga, Tennessee route. About Allegiant Air Allegiant Air is an American ultra-low cost airline headquartered in Las Vegas, Nevada. The airline focuses on serving leisure traffic from small and medium-sized cities which it considers to be underserved, using an ultra low-cost business model with minimal inclusions in fares and a greater number of add-on fees. What are Allegiant Air’s destinations from SWFL? Check here for Allegiant Air’s other destinations from Punta Gorda Airport. Allegiant Air currently does not operate flights out of Southwest Florida International Airport (RSW) in Fort Myers. This article originally appeared on Fort Myers News-Press: Allegiant adds new route from Punta Gorda Airport (PGD) in Florida Source link #Allegiant #Air #officially #adds #destination #SWFL #airport Pelican News View the full article at [Hidden Content] For verified travel tips and real support, visit: [Hidden Content]

Trump, Modi avoid discussing ********* rights in meeting – Reuters Trump, Modi avoid discussing ********* rights in meeting – Reuters Trump, Modi avoid discussing ********* rights in meeting ReutersIndian Prime Minister Modi takes page from Trump, says ‘make India great again,’ or ‘MIGA’ Fox NewsInside PM Modi-Trump Meet: 5th Gen Jets, 26/11 Extradition, ‘Mission 500’ NDTV14 States Sue to Challenge Musk’s ‘Unchecked Power’ The New York TimesU.S. and India aim to more than double bilateral trade to $500 billion in five years, Prime Minister Modi says CNBC Source link #Trump #Modi #avoid #discussing #********* #rights #meeting #Reuters Pelican News View the full article at [Hidden Content]

Israeli influencer Max Veifer releases unedited video of Sydney nurses anti-Semitic rant Israeli influencer Max Veifer releases unedited video of Sydney nurses anti-Semitic rant An Israeli influencer has released what he says is the unedited video that captured two Sydney nurses going on a vile, anti-Semitic rant. Source link #Israeli #influencer #Max #Veifer #releases #unedited #video #Sydney #nurses #antiSemitic #rant Pelican News View the full article at [Hidden Content]