David (dburgos777)

David

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Coinbase's acquisition of Deribit could give the company a boost. Coinbase Global Inc. (NASDAQ: COIN) could have an interesting future, despite its results. The reason? The deal with Deribit, which could turn Coinbase into a derivatives heavyweight, according to Oppenheimer. Goldman Sachs also sees potential, but others like Compass Point recall that Deribit is heavily focused on institutional clients, not the retail users who drive volume. Still, Coinbase has $8.5 billion in cash to continue making acquisitions, and its President, Emilie Choi, says they will go for bigger bets if there is regulatory clarity. That said, not everything is rosy. Forecasts point to lower services revenue in Q2 ($600-$680 million), and April volume is looking weak.

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In a nutshell: Eliza Labs launches the pump fun of AI agents. Eliza Labs has launched auto fun, a platform to create and monetize autonomous AI agents without needing to write a single line of code. From managing social media to yield farming DeFi, these agents do everything, all by themselves. Inspired by the spirit of pump fun, but with more brains and less meme. The platform relies on the open-source protocol elizaOS, valued at $2.5 billion, which started as ai16z but changed its name to avoid confusion with Andreessen Horowitz. The best part? Its "fairer than fair" economic model, which mixes bonding curves with fair launches, and distributes part of the commissions via liquidity NFTs. No pump & dump here, everything is done with (artificial) intelligence. More than 15 projects have jumped on board on day one, such as FightFi's social agents, Kryptonite's CZAI, and Comput3's computational credit token.

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