Coinbase to Hire 1,000 in 2025

CRYPTO
Coinbase to Hire 1,000 in 2025

Coinbase CEO Brian Armstrong announced plans to hire 1,000 people in 2025 due to the U.S. government's shifting stance on crypto. Speaking after the White House’s crypto summit, Armstrong noted the positive momentum under President Trump’s second term, saying it gives Coinbase confidence to expand domestically.

The summit, attended by crypto leaders and key government figures, followed Trump’s executive order to establish a bitcoin reserve. Armstrong praised the move, stating, “You can't really have a better holder of this asset than the U.S. government.”

Coinbase recently saw the SEC drop a major enforcement case, with regulatory oversight now shifting to Congress. Meanwhile, Bo Hines, head of Trump’s crypto working group, reaffirmed the administration’s commitment to making the U.S. a global crypto hub. He indicated that Treasury and Commerce officials are exploring investment strategies for the bitcoin reserve, ensuring minimal taxpayer impact while fostering growth in the industry.

TECH
Tesla Stock Soars, Then Crashes

Tesla’s stock surged over 50% after Trump’s victory, briefly reversing years of decline. Investors saw hope in Elon Musk’s new pledge to launch the Cybercab by mid-2025 and his influential role in Trump’s administration. However, controversy in Europe and declining sales in China have since sent Tesla shares tumbling back to early 2021 levels.

Despite Musk’s promises, Tesla’s fundamentals paint a different picture. The company posted $4.2 billion in 2024 earnings, yet its $955 billion market cap reflects investor faith in future ventures like robotaxis and FSD software. However, Tesla would need a 47% annual earnings growth rate to justify its valuation—an unrealistic target.

With revenue stagnating and competition increasing, Tesla’s ability to self-fund expansion is uncertain. Musk’s leadership may keep the “Musk Magic” alive, but without solid execution, Tesla’s valuation remains highly speculative, raising questions about its true worth without the hype.

TECH
ChatGPT Uses Mindfulness to Reduce Bias

A new study from the University of Zurich found that ChatGPT responds to mindfulness-based techniques, altering its interactions with users. Researchers discovered that when exposed to disturbing content, ChatGPT can exhibit “anxiety,” increasing its likelihood of biased responses. However, feeding it calming prompts like guided meditations helped it respond more objectively, suggesting AI’s potential in mental health applications.

Although AI doesn’t experience emotions, it mimics human responses to traumatic content. Researchers believe ChatGPT could eventually incorporate automated calming techniques before answering users in distress, though it’s not yet a replacement for human therapists.

With over a quarter of U.S. adults facing mental health challenges annually, some turn to AI for support. However, concerns remain, including potential risks, as seen in past AI-related tragedies. While AI can’t replace professional therapy, it could assist in mental health care by managing administrative tasks and enhancing patient reflection, making treatment more efficient and accessible.

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