Wu Shuo learned that Coinbase announced its Q1 2025 financial report, with revenue of $2.03 billion, lower than the market expectation of $2.2 billion; The transaction revenue was 1.26 billion US dollars, and the transaction volume was 393 billion US dollars, higher than the expected 392.7 billion US dollars. Adjusted EBITDA is $930 million, net profit is $66 million, and adjusted net profit is $527 million. The balance of USDC reached 12.3 billion US dollars, an increase of 49% compared to the previous period; Derivative trading volume