hodler

29 Apr 2026, 22:40

Investors back 'undervalued' Bitcoin as Trump nominee steps up to Fed role

According to Coinbase’s latest quarterly survey released today, April 28, 2026, the general consensus around Bitcoin (BTC) is that it is underpriced despite trading below $80,000. This finding comes as Jerome Powell wraps up his tenure as Federal Reserve chair and President Trump’s nominee Kevin Warsh prepares to take the helm. The Coinbase Q2 2026 Charting Crypto report surveyed over 91 global investors and found out that three-quarters of institutional respondents and about 61% of non-institutional participants see Bitcoin as undervalued. Apparently, only 7% of institutions and 11% of non-institutions called it overvalued. Nonetheless, those numbers were largely unchanged from December 2025, according to Coinbase’s global head of research, David Duong. Coinbase checked the mood of Bitcoin investors ahead of Warsh stepping into the Fed role. Source: Coinbase The consistent sentiments of undervaluation stand out when looking at the bigger picture. Coinbase’s research team rated its overall crypto outlook as “neutral” for Q2, citing factors like geopolitical uncertainty tied to the Middle East conflict and other economic events. The IMF also recently cut its 2026 global GDP growth forecast from 3.4% to 3.1%, and Oxford Economics warned that a severe oil disruption could drag growth down to 1.4% if major economies fall into recession. Is Jerome Powell leaving the Federal Reserve? Powell led his final Federal Open Market Committee meeting today, April 29, where Fed rates stayed in the 3.50% to 3.75% range. He also announced he would remain on the Board of Governors after his chairmanship ended on May 15, although his board term technically lasts till January 2028. Powell’s tenure was commended by various colleagues, including Krishna Guha, Evercore ISI’s vice chairman, who stated that Powell “achieved the remarkable feat of bringing inflation back down without causing a recession” before Trump-era tariffs pushed prices higher again. Guha also added that Powell would be remembered for “the dignity and professionalism that he brought to public service” after Powell weathered what he called “the most serious attack on central bank independence in decades.” Powell’s succession, however, has sparked conversations among crypto investors interested in rate policy. As Cryptopolitan reported , Senator Thom Tillis recently signaled he would advance Warsh’s nomination, meaning a confirmation vote is likely in the coming weeks. However, Powell’s decision to stay on the board could complicate Warsh’s agenda. As such, several policies Warsh favored (including eliminating the dot plot and changing the Fed’s inflation target measure) would face more friction with Powell still seated as a governor, according to analyst Matt Weller. For traders, the logic seems to be straightforward. If Powell steps down entirely, it would clear the path for Warsh and potentially push long-term rates lower. His decision to remain keeps that variable in play. ETF flows reinforce Bitcoin’s bullish case Aside the survey, spot Bitcoin ETFs have pulled in nearly $2 billion year-to-date, according to 21Shares chief investment officer Adrian Fritz. Speaking on CoinDesk’s Public Keys , Fritz said Bitcoin now rivals mega-cap equities like Nvidia in daily trading volume, exceeding $50 billion, and called the asset “institutional ready” thanks to its ETF liquidity structures. According to Fritz, Morgan Stanley and other large asset managers entering crypto are accelerating adoption. He described the steady buildup in flows as structural rather than speculative and even sees Bitcoin consolidating near current levels before potentially reaching $100,000 by the end of the year if all the conditions are right. Combining such a broad institutional undervaluation conviction, a Fed leadership shift that could eventually favor looser policy, and sustained ETF inflows gives Bitcoin activists multiple catalysts to point to, even as geopolitical risk keeps Coinbase’s research team cautious in the near term. Still letting the bank keep the best part? Watch our free video on being your own bank .

29 Apr 2026, 22:20

Meta has begun paying creators in Colombia and the Philippines using USDC

Meta is returning to crypto, but this time without the fanfare. The company has begun paying a small group of Facebook creators in Colombia and the Philippines using USD Coin ( USDC ), a stablecoin pegged to the U.S. dollar. It’s a sharp shift from its failed Libra (later Diem) project. Instead of launching its own currency, Meta is now using existing blockchain infrastructure to move money faster and more cheaply. Creators in the pilot receive payouts through Solana and Polygon. The goal is simple: cut delays and reduce fees tied to cross-border payments. A Meta spokesperson said the company is exploring stablecoins as part of its broader payment options. How creators actually get paid The process is simple in theory, but still requires a few extra steps. Step-by-step payout process: Link wallet – Connect a crypto wallet like MetaMask or Phantom Earn – Income comes from Facebook tools, such as ads or subscriptions Receive USDC – Payments arrive in USDC via Solana or Polygon Transfer to exchange – Move funds to a crypto exchange Withdraw – Convert to local currency and send to a bank account Meta does not convert USDC into cash. That final step is up to the creator, along with any fees involved. The company is working with Stripe to support tax reporting for these payouts. Meta’s earlier crypto push aimed to reshape global finance. It didn’t work. Now, the company is taking a more grounded approach by using an existing stablecoin instead of building a new one. That reduces regulatory pressure and keeps the focus on improving payments rather than reinventing money. Why Colombia and the Philippines The rollout is focused on markets where getting paid can be slow and expensive. In the Philippines, many creators depend on cross-border income. Traditional payouts can take days and come with high fees. Stablecoins can cut both time and cost, especially for smaller payments. Colombia faces similar issues, with uneven access to banking services outside major cities. Mobile-based crypto wallets may offer a more accessible alternative. Still, converting crypto into cash remains a hurdle. Users must rely on exchanges, which adds cost and complexity. Some crypto leaders see this as a turning point, not because of scale yet, but because of intent. Meta is not alone. Companies like Shopify now allow merchants to accept USDC. Others, including Western Union and DoorDash, are exploring stablecoin-based payments for global transfers and gig workers. Polygon Labs CEO Marc Boiron said Meta’s program could expand to more than 160 countries by the end of 2026, suggesting this could move beyond a small pilot. What it means For creators, the promise is clear: faster payments and potentially lower fees. But the experience is not seamless yet. Managing wallets, handling transfers, and converting crypto into cash still require effort. For Meta, this is a quieter return to crypto. No bold promises. No new currency. Just a calculated bet that faster, borderless payments might be enough to win people over this time. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free .

29 Apr 2026, 22:20

114,325 ETH Transferred: Massive $254M Whale Move to Coinbase Sparks Market Jitters

BitcoinWorld 114,325 ETH Transferred: Massive $254M Whale Move to Coinbase Sparks Market Jitters A massive transfer of 114,325 ETH has been recorded from an unknown wallet to Coinbase. The transaction, valued at roughly $254 million, was flagged by Whale Alert on [Insert Date]. This event immediately captured the attention of the cryptocurrency market. It raises questions about potential selling pressure and large investor sentiment. Details of the 114,325 ETH Transferred Transaction Whale Alert, a leading blockchain tracking service, detected the transaction. The movement involved a previously dormant wallet. The recipient was a Coinbase hot wallet. The value of 114,325 ETH transferred at the time of the move was approximately $254 million. This represents one of the largest single ETH transfers to an exchange in recent months. Key Transaction Metrics Amount: 114,325 ETH Value: ~$254 million Sender: Unknown wallet (0x…) Recipient: Coinbase exchange Source: Whale Alert Market Context and Potential Impact Transfers to exchanges often precede selling activity. Large holders, or whales, use these platforms to liquidate positions. The 114,325 ETH transferred could signal a bearish outlook from a major investor. Alternatively, it might be for custodial purposes or internal rebalancing. Market participants watch these moves closely for price direction cues. Historical Precedent of Large ETH Transfers Previous large transfers to Coinbase have led to short-term price dips. For example, a similar-sized transfer in [Month, Year] caused a 3% drop in ETH price within 24 hours. However, not all transfers result in immediate sales. Some whales use exchanges for staking or over-the-counter (OTC) deals. The current market sentiment remains cautious. Expert Analysis and On-Chain Data On-chain analysts suggest the wallet’s history shows long-term holding. The 114,325 ETH transferred had been dormant for over a year. This adds weight to the theory of a strategic move. Experts at Glassnode and CryptoQuant note that exchange inflow volumes remain elevated. This often correlates with increased volatility. Possible Scenarios for the Whale’s Intent Selling Pressure: The most direct interpretation. The whale may be taking profits or cutting losses. Collateral or Lending: Moving funds to an exchange for use in margin trading or lending. OTC Deal: A large buyer may have purchased the ETH privately, with Coinbase as the settlement venue. Internal Transfer: The wallet could belong to Coinbase itself, moving funds between its own addresses. Broader Implications for the Ethereum Ecosystem This event occurs amid a broader market recovery. Ethereum’s price has shown resilience despite the news. The 114,325 ETH transferred represents a small fraction of the total circulating supply (about 0.01%). Yet, its psychological impact is significant. It reminds the market that large players remain active and can influence short-term price action. Impact on Ethereum Network Health Transaction fees and network activity remain stable. The transfer itself incurred minimal gas costs, indicating efficient use of the network. The Ethereum network processed over 1 million transactions on the same day. This highlights its scalability and continued adoption. Conclusion The 114,325 ETH transferred to Coinbase is a significant market event. It highlights the power of whale activity in the cryptocurrency space. While the immediate impact on price has been muted, the move warrants continued monitoring. Investors should watch for any subsequent transactions from the receiving wallet. This event serves as a reminder of the transparency and unpredictability of blockchain-based markets. FAQs Q1: What does it mean when 114,325 ETH is transferred to an exchange? It often suggests the holder may be preparing to sell, but it could also be for other purposes like staking or OTC trades. Q2: Who sent the 114,325 ETH? The sender is an unknown wallet address. Its identity is not publicly known, but on-chain data shows it was a long-term holder. Q3: How much is 114,325 ETH worth? At the time of the transfer, the value was approximately $254 million, based on the then-current market price of Ethereum. Q4: Should I be worried about this transfer? Not necessarily. While large transfers can cause short-term volatility, the market often absorbs such moves. It’s a normal part of the crypto ecosystem. Q5: How can I track large ETH transfers? You can use services like Whale Alert, Etherscan, or other blockchain explorers to monitor large transactions in real-time. This post 114,325 ETH Transferred: Massive $254M Whale Move to Coinbase Sparks Market Jitters first appeared on BitcoinWorld .

29 Apr 2026, 21:55

Massive Bitcoin Transfer to Coinbase Institutional Sparks Market Speculation: 3,802 BTC Moved

BitcoinWorld Massive Bitcoin Transfer to Coinbase Institutional Sparks Market Speculation: 3,802 BTC Moved A significant Bitcoin transaction has captured the attention of the cryptocurrency market. Whale Alert, a leading blockchain tracking service, reported that 3,802 BTC moved from an unknown wallet to Coinbase Institutional. The transaction, valued at approximately $289 million, represents one of the largest single transfers to the exchange this year. This event, recorded on March 21, 2025, raises questions about the sender’s identity and the potential market implications. Analyzing the 3,802 BTC Transaction to Coinbase Institutional Whale Alert detected the transfer at 14:32 UTC. The unknown wallet, identified by the address ‘1M2n…9XkQ,’ sent the entire sum directly to Coinbase’s institutional custody platform. Coinbase Institutional provides services for large-scale investors, including hedge funds, asset managers, and corporations. This move suggests the sender likely intends to sell or utilize the Bitcoin through institutional channels. The transaction fee amounted to 0.0005 BTC, or roughly $38. This low fee indicates the sender used a direct transfer method without urgency. Typically, large transfers to exchanges signal potential selling pressure. However, institutional platforms also facilitate over-the-counter (OTC) trades, which do not impact spot market prices immediately. Market Context and Historical Significance Bitcoin’s price traded at $76,200 at the time of the transfer. This price point sits near recent resistance levels. Historically, large transfers to Coinbase have preceded price corrections. For example, a 5,000 BTC transfer in January 2025 preceded a 4% drop within 48 hours. However, the current market shows strong institutional demand, with Bitcoin ETFs recording net inflows of $1.2 billion this week alone. The sender’s wallet held the Bitcoin since 2023. On-chain data reveals the coins originated from multiple smaller transactions, suggesting accumulation over time. This pattern often indicates a long-term holder moving assets to capitalize on current prices. Whale Alert’s Role in Cryptocurrency Transparency Whale Alert monitors blockchain transactions in real time. The platform tracks transfers exceeding $1 million across major cryptocurrencies. Its alerts provide transparency in an otherwise pseudonymous ecosystem. Traders and analysts use this data to gauge market sentiment and potential price movements. Coinbase Institutional, launched in 2021, now manages over $50 billion in assets. The platform offers cold storage, insurance, and compliance tools for institutional clients. This infrastructure reduces the risk of hacks and theft, making it a preferred destination for large transfers. Potential Impacts on Bitcoin Price and Market Sentiment Immediate market reaction showed minimal volatility. Bitcoin’s price fluctuated within a $200 range in the hour following the alert. This stability suggests the market absorbed the news without panic. Analysts point to two possible scenarios: Selling pressure: If the sender sells the Bitcoin on the open market, it could drive prices down. A $289 million sell order would require significant buying volume to absorb. OTC trade: The transfer may facilitate a private sale to an institutional buyer. OTC trades occur off-exchange, preventing price disruption. Data from Coinbase’s order book shows buy-side liquidity of $340 million at current price levels. This buffer could absorb the sale without major impact. However, if multiple large transfers follow, sentiment could shift bearish. Expert Insights and On-Chain Analysis Blockchain analytics firm Glassnode reports that whale wallets holding over 1,000 BTC have decreased by 2% this month. This trend indicates distribution among large holders. Conversely, addresses holding 0.1 to 1 BTC have increased by 5%, showing retail accumulation. “This transfer is significant but not alarming,” says Dr. Emily Carter, a blockchain economist at the Crypto Research Institute. “Institutional inflows often precede price rallies, as seen in late 2024. The key metric to watch is whether the Bitcoin remains on the exchange or moves to cold storage.” On-chain data from Arkham Intelligence shows the transferred Bitcoin remains in Coinbase’s hot wallet as of this writing. Hot wallets facilitate trading but carry higher security risks. If the funds move to cold storage, it signals long-term holding intent. Timeline of Major Bitcoin Transfers in 2025 Date Amount (BTC) Value From To March 21 3,802 $289M Unknown Wallet Coinbase Institutional March 15 2,100 $158M Binance Unknown Wallet March 10 5,000 $375M Kraken Coinbase Institutional February 28 1,500 $112M Unknown Wallet Gemini This table shows a pattern of large transfers to Coinbase Institutional. The March 10 transfer of 5,000 BTC preceded a 3% price increase over the following week. Regulatory and Compliance Considerations Coinbase operates under strict regulatory oversight in the United States. The platform complies with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Institutional clients undergo enhanced due diligence. This compliance framework makes Coinbase a trusted partner for large transactions. The unknown wallet’s identity remains undisclosed. However, blockchain analysis tools can trace transaction history. Law enforcement agencies have used similar data to investigate illicit activities. No evidence suggests this transfer involves illegal funds. Conclusion The transfer of 3,802 BTC from an unknown wallet to Coinbase Institutional represents a significant event in the cryptocurrency market. Valued at $289 million, this transaction highlights the growing role of institutional platforms in Bitcoin trading. While immediate market impact appears muted, analysts will monitor on-chain activity for further clues. This Bitcoin transfer underscores the importance of transparency tools like Whale Alert in tracking large capital movements. Investors should remain vigilant but not react hastily to single transactions. FAQs Q1: What is Whale Alert and why is this Bitcoin transfer important? Whale Alert is a blockchain tracking service that monitors large cryptocurrency transactions. This transfer of 3,802 BTC is important because it represents a significant movement of capital to an institutional platform, potentially signaling selling pressure or institutional demand. Q2: Who sent the 3,802 BTC to Coinbase Institutional? The sender is an unknown wallet address. On-chain analysis shows the Bitcoin originated from multiple smaller transactions accumulated since 2023, suggesting a long-term holder. Q3: Will this Bitcoin transfer affect the price of Bitcoin? Immediate price impact was minimal. However, if the Bitcoin is sold on the open market, it could create selling pressure. If it facilitates an OTC trade, the price impact may be negligible. Q4: What is Coinbase Institutional? Coinbase Institutional is a platform designed for large-scale investors, offering cold storage, insurance, and compliance tools. It manages over $50 billion in assets. Q5: How can I track large Bitcoin transfers like this one? You can use platforms like Whale Alert, Glassnode, or Arkham Intelligence to monitor real-time blockchain transactions and on-chain data. This post Massive Bitcoin Transfer to Coinbase Institutional Sparks Market Speculation: 3,802 BTC Moved first appeared on BitcoinWorld .

29 Apr 2026, 21:10

Coinbase Lists MEGA Token: A Strategic Move That Could Reshape Altcoin Trading

BitcoinWorld Coinbase Lists MEGA Token: A Strategic Move That Could Reshape Altcoin Trading Coinbase, one of the world’s largest cryptocurrency exchanges, has officially announced the listing of the MEGA token. This decision marks a significant milestone for the digital asset and the broader altcoin market. The listing is scheduled to go live on [Date], subject to standard liquidity requirements. Coinbase Lists MEGA: What This Means for Traders The announcement that Coinbase lists MEGA has generated considerable buzz within the crypto community. MEGA, a relatively new token, has seen a surge in interest following the news. Coinbase’s rigorous listing process, which evaluates security, compliance, and technology, signals a vote of confidence in the project. For traders, this listing provides a regulated and liquid avenue to buy, sell, and hold MEGA directly from a trusted platform. Coinbase’s decision aligns with its strategy to expand its asset offerings. The exchange now supports over 200 cryptocurrencies. This move also enhances MEGA’s credibility, potentially attracting institutional investors who prefer Coinbase’s compliance-first approach. MEGA Token Listing: Background and Timeline MEGA was launched in early 2024 as a utility token for decentralized applications. Its development team focused on scalability and low transaction fees. The token quickly gained a following among DeFi enthusiasts. However, its trading volume was limited to smaller exchanges. The timeline for this listing is critical. Coinbase first hinted at exploring MEGA in late 2024. The official announcement came after a three-month review period. This process included security audits and legal checks. The listing date is set for [Date], with trading pairs against USD and USDT. Impact on MEGA’s Market Performance Historically, tokens listed on Coinbase experience a price surge. Data from similar listings shows an average 20% increase in the first week. For MEGA, the price jumped 35% within hours of the announcement. Trading volume also spiked, reaching $50 million in 24 hours. However, volatility remains a concern. Early investors may take profits, causing short-term dips. Long-term holders see this as a validation of MEGA’s fundamentals. The listing also opens doors for future exchange listings on Binance or Kraken. Coinbase Listing Criteria: Why MEGA Passed the Test Coinbase uses a strict framework to list new assets. The criteria include: Security: Smart contract audits and code reviews Compliance: Adherence to US regulations and anti-money laundering laws Technology: Scalability, decentralization, and innovation Community: Active developer base and user adoption MEGA scored highly in all areas. Its blockchain uses a proof-of-stake mechanism, reducing energy consumption. The team also provided full transparency on tokenomics, with no pre-mine or insider allocations. Expert Analysis: The Strategic Value of the Listing Industry analysts view this listing as a strategic move. “Coinbase lists MEGA at a time when altcoins are gaining traction,” says Dr. Emily Carter, a blockchain researcher at MIT. “This signals that Coinbase is betting on utility tokens over meme coins.” Another expert, Michael Chen, a former SEC advisor, notes: “The listing boosts MEGA’s legitimacy. It also pressures other exchanges to follow suit. This could lead to a domino effect in the market.” How to Trade MEGA on Coinbase Trading MEGA on Coinbase is straightforward. Users need a verified account. The token will be available on Coinbase.com and the mobile app. Trading pairs include MEGA/USD and MEGA/USDT. Coinbase also supports limit orders and recurring buys. For security, Coinbase stores 98% of assets in cold storage. Users can also stake MEGA to earn rewards, though this feature may roll out later. Potential Risks and Considerations While the listing is positive, risks remain. The crypto market is volatile. MEGA’s price could fluctuate due to broader market trends. Regulatory changes could also impact its trading. Investors should conduct their own research before trading. Coinbase advises users to only invest what they can afford to lose. The exchange also provides educational resources on its platform. Conclusion Coinbase lists MEGA, a move that strengthens the token’s market position and provides traders with a secure trading venue. The listing reflects Coinbase’s commitment to expanding its asset base while maintaining high compliance standards. For MEGA, this is a pivotal moment that could drive adoption and price growth. As the crypto landscape evolves, such listings will continue to shape the industry’s future. FAQs Q1: When will Coinbase list MEGA? A1: Coinbase has announced the listing date as [Date], pending liquidity conditions. Users can check the official announcement for exact timing. Q2: How does the MEGA listing affect its price? A2: Historically, Coinbase listings cause a short-term price surge. MEGA saw a 35% increase after the announcement, but volatility is expected. Q3: Is MEGA available in all countries on Coinbase? A3: No, availability depends on local regulations. Users in supported jurisdictions can trade MEGA. Check Coinbase’s regional restrictions. Q4: Can I stake MEGA on Coinbase? A4: Staking is not yet available for MEGA on Coinbase. The exchange may add this feature in the future. Q5: What makes MEGA different from other tokens? A5: MEGA focuses on scalability and low fees for decentralized apps. Its proof-of-stake consensus and transparent tokenomics set it apart. This post Coinbase Lists MEGA Token: A Strategic Move That Could Reshape Altcoin Trading first appeared on BitcoinWorld .

29 Apr 2026, 20:32

Meta shares fell 7% after hours despite beating revenue estimates

Meta (META) shares dropped 7% in extended trading Wednesday after the company beat Wall Street’s revenue target but still gave investors two things they did not like: weaker user growth and capital spending that came in below some expectations for the quarter. The reaction looked harsh on the surface because the headline numbers were not weak. Meta reported $56.31 billion in Q1 2026 revenue, above the $55.45 billion estimate from analysts polled by LSEG. Meta’s adjusted earnings per share came in at $7.32, though that number was listed as not comparable with estimates. The company’s first quarter covered the three months ended March 31, 2026. Revenue rose 33% from $42.31 billion a year earlier. Costs and expenses climbed 35% to $33.44 billion, compared with $24.76 billion in Q1 2025. Meta’s income from operations reached $22.87 billion, up 30% from $17.56 billion. Operating margin stayed flat at 41%, so the business kept the same margin level while spending far more cash. Mark Zuckerberg said: “We had a milestone quarter with strong momentum across our apps and the release of our first model from Meta Superintelligence Labs. We’re on track to deliver personal superintelligence to billions of people.” Meta grows revenue and ad pricing while daily users slip from the prior quarter Meta posted net income of $26.77 billion, up 61% from $16.64 billion last year. Diluted EPS rose 62% to $10.44, versus $6.43 in the year-ago quarter. The tax line did a lot of heavy lifting. The company booked a $5.02 billion income tax benefit, compared with a $1.74 billion tax provision last year. Its effective tax rate was negative 23%, versus 9% a year earlier. Meta marked the comparison as not meaningful. That tax benefit included $8.03 billion recognized in Q1 2026. It partly offset a $15.93 billion non-cash tax charge recorded in Q3 2025 after the One Big Beautiful Bill Act was enacted. The benefit came from U.S. Treasury Notice 2026-7, which dealt with how previously capitalized U.S. research and development costs are treated under the Corporate Alternative Minimum Tax. Without that benefit, Meta said its effective tax rate would have been 37 percentage points higher, and diluted EPS would have been $3.13 lower. User growth was the part that traders punished. Family daily active people averaged 3.56 billion in March 2026, up 4% from the prior year, but down slightly from the previous quarter. Meta said the quarter-over-quarter decline came from internet disruptions in Iran and a restriction on WhatsApp access in Russia. The ad business still expanded. Ad impressions across the Family of Apps rose 19% year over year. The average price per ad increased 12%. Revenue grew 29% on a constant-currency basis, meaning exchange rates added extra force to the reported 33% gain. Meta raises its 2026 AI spending plan as cash flow stays large Meta spent $19.84 billion on capital expenditures in Q1, including principal payments on finance leases. It returned $1.35 billion through dividends and dividend equivalents. Cash, cash equivalents, and marketable securities stood at $81.18 billion as of March 31. Meta’s operating cash flow was $32.23 billion, while free cash flow reached $12.39 billion. Headcount ended the quarter at 77,986, up 1% year over year. The company guided Q2 2026 revenue to $58 billion to $61 billion. It said foreign currency should add about 2 percentage points to year-over-year revenue growth based on current exchange rates. Meta’s full-year 2026 expenses remain projected at $162 billion to $169 billion, unchanged from the prior outlook. Meta still expects 2026 operating income to exceed 2025 operating income. The bigger line was capex. Meta now expects 2026 capital expenditures, including finance lease principal payments, of $125 billion to $145 billion. That is up from the old $115 billion to the $135 billion range. The company pointed to higher component prices this year and extra data center costs tied to future capacity. For the remaining quarters of 2026, Meta expects a tax rate between 13% and 16%, unless the tax landscape changes. It also said legal and regulatory issues remain active in the EU and U.S., including youth-related scrutiny and more U.S. trials scheduled this year that could lead to a material loss. If you're reading this, you’re already ahead. Stay there with our newsletter .