Crypto Currency

9 Questions for Facebook After Zuckerberg’s Privacy Manifesto

presented an entirely new philosophy. For 15 years, the stated goal of Facebook has been to make the world more open and connected; the unstated goal was constructing a targeted advertising system built on nearly infinite data. Yesterday, though, Zuckerberg pronounced that the company is reversing course. The social network of the future won’t be…


presented an entirely new philosophy. For 15 years, the stated goal of Facebook has been to make the world more open and connected; the unstated goal was constructing a targeted advertising system built on nearly infinite data. Yesterday, though, Zuckerberg pronounced that the company is reversing course. The social network of the future won’t be one where everyone connects openly together, as in a town square; it will be one where more connections happen one to one, as in a living room. Instead of data permanence, data will disappear.

Facebook isn’t putting the current platform—worth roughly half a trillion dollars—in the garbage disposal. As Zuckerberg made clear in a Wednesday afternoon interview with WIRED, Facebook as we know it now will still exist. But it will change. And there will also just be something new.

It’s unclear the extent to which Facebook will ultimately push users toward privacy, and in what exact ways. But Zuckerberg controls Facebook, and his manifesto will make its gears start to turn in different directions. As that begins, here are nine important questions the company will have to think through.

1. Facebook knows how to make money in the town square. How does it make money in this new living room?

Private, encrypted messaging is hard to monetize. In our interview, Zuckerberg demurred when asked what the new business model will be after clamping down on the data firehose. The company would, he said, build the product first and figure out the financials later. Facebook does have nascent efforts in commerce and cryptocurrency, but there’s no question that figuring out revenue on the new platform will be a hard problem for Dave Wehner, Facebook’s chief financial officer. A former Facebook employee told me last night, “Mark is like a cartoon character who walks through a bunch of dangerous situations and always comes out on top. Dave is the guy running behind him catching the cat, stopping the ladder from tipping, deflecting the flying axe with a manhole cover.”

2. What does this do to safety on the platform?

Facebook rightly faces endless criticism for all the data it collects. But there are benefits to data collection as well. It can help stop bullies, or even potential suicides. Once those communications become private, Facebook no longer has the same powers to track and moderate. The public—from the media, to nonprofits, to academics, to individuals, to the government—also uses the public nature of Facebook to track bad behavior. If Russian intelligence operatives had just used private encrypted messaging to manipulate Americans, would they have been caught? As Facebook knows from running WhatsApp, which is already end-to-end encrypted, policing abuses gets ever harder as messages get more hidden.

In our interview, Zuckerberg explained that this, not fears about the business model, is what keeps him up at night. “There is just a clear trade-o

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Crypto Currency

Hyperliquid (HYPE) Risks Drop to $32 After Losing Channel Support

Hyperliquid (HYPE) declined after retreating from its recent highs. The cryptocurrency remained below a critical resistance area as increasing volume and mixed derivatives trends prompted interest in whether the decline would continue. At press time, CoinMarketCap data shows that HYPE is trading at $37.60, recording a decline of 0.97% in the last 24 hours…

Hyperliquid (HYPE) declined after retreating from its recent highs. The cryptocurrency remained below a critical resistance area as increasing volume and mixed derivatives trends prompted interest in whether the decline would continue. At press time, CoinMarketCap data shows that HYPE is trading at $37.60, recording a decline of 0.97% in the last 24 hours…
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Crypto Currency

Breaking Down The $100 XRP Prophecy: Is There A Timeline?

A self-described prophet who had received a “prophecy” of XRP has laid out a four-stage price roadmap for the cryptocurrency that could see it jump $100 and end at $10,000. A crypto enthusiast on X has brought these predictions back into the spotlight, pointing to a growing list of the prophet’s past calls that came

A self-described prophet who had received a “prophecy” of XRP has laid out a four-stage price roadmap for the cryptocurrency that could see it jump $100 and end at $10,000. A crypto enthusiast on X has brought these predictions back into the spotlight, pointing to a growing list of the prophet’s past calls that came true as reason enough to stop dismissing XRP’s bullish outlook.  …
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Crypto Currency

Bitcoin Could Be Quantum-Safe Without Protocol Changes, New Proposal Claims

Bitcoin Magazine Bitcoin Could Be Quantum-Safe Without Protocol Changes, New Proposal Claims Bitcoin transactions could be resistant to quantum attacks without changing the network’s core rules, a new proposal contends. This post Bitcoin Could Be Quantum-Safe Without Protocol Changes, New Proposal Claims first appeared on Bitcoin Magazine and is written by Micah Zimmerman…

Bitcoin Magazine

Bitcoin Could Be Quantum-Safe Without Protocol Changes, New Proposal Claims
Bitcoin transactions could be resistant to quantum attacks without changing the network’s core rules, a new proposal contends.
This post Bitcoin Could Be Quantum-Safe Without Protocol Changes, New Proposal Claims first appeared on Bitcoin Magazine and is written by Micah Zimmerman…
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Crypto Currency

These 3 crypto stocks could actually beat bitcoin ETFs, says TD Cowen

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email These 3 crypto stocks could actually beat bitcoin ETFs, says TD Cowen Analyst Lance Vitanza is betting that digital asset treasury”companies like Nakamoto, Sharplink and Strive can outperform standard crypto ETFs by aggressively stacking coins and capturing staking yields. By Helene

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These 3 crypto stocks could actually beat bitcoin ETFs, says TD Cowen

Analyst Lance Vitanza is betting that digital asset treasury”companies like Nakamoto, Sharplink and Strive can outperform standard crypto ETFs by aggressively stacking coins and capturing staking yields.

By Helene Braun, AI Boost|Edited by Stephen Alpher
Updated Apr 10, 2026, 2:54 p.m. Published Apr 9, 2026, 8:48 p.m. 2 min read
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(Kevin Carter/Getty Images)

What to know:

  • TD Cowen analyst Lance Vitanza initiated coverage of Nakamoto, Sharplink and Strive with buy ratings, arguing they could outperform spot crypto ETPs if digital asset prices rebound and token holdings per share keep rising.
  • Vitanza’s price targets—$1 for Nakamoto, $16 for Sharplink and $26 for Strive—assume bitcoin reaches about $140,000 and ether about $3,650 by late 2026, supporting sizable projected dollar gains for each firm.
  • He contends that the companies’ operating businesses and treasury strategies, including bitcoin and ether accumulation, minority stakes, and staking income, could generate better yields than spot crypto funds and help cover costs even in weaker markets.

After declines of 90% or more in digital asset treasury companies Nakamoto (NAKA), Sharplink (SBET) and Strive (ASST), TD Cowen’s Lance Vitanza is spotting value.

He argued that each could outperform spot crypto exchange-traded products if crypto prices recover and the firms keep expanding token holdings on a per-share basis.

Nakamoto Holdings

Vitanza initiated coverage of Nakamoto (NAKA) with a Buy rating and a $1.00 price target, suggesting nearly a five-hold increase from today’s close of $0.21. He based that target on estimated bitcoin dollar gains of $394 million for fiscal 2027, a 2x multiple and a bitcoin price of about $140,000 at the end of 2026.

He said Nakamoto stands out among public bitcoin treasury companies because it combines direct bitcoin accumulation with minority stakes in overseas treasury firms such as Metaplanet and Treasury BV. He also pointed to operating businesses in media, bitcoin advocacy and digital asset management, saying those assets create “distinct synergy potential.”

SharpLink

Starting Sharplink (SBET) with a buy rating and a $16 price target, Vitanza sees dollar gains of $93 million for fiscal 2026, a 2x multiple and an ether price of about $3,650 by December 2026. SBET closed Thursday at $6.42.

He described Sharplink, which is led by ex-BlackRock head of digital assets, Joseph Chalom and Ethereum co-founder Joseph Lubin, as an Ethereum treasury company that aims to grow ether per share through treasury operations and staking. Vitanza said the company may deliver better staking yield than spot ether ETPs because fund investors absorb fees, and many products cannot stake a large share of holdings.

He also argued that even if ether stays weak, staking income should more than cover operating costs. That, he said, could help Sharplink continue to produce positive ETH yield while it waits for capital markets to reopen.

Strive

Vitanza initiated Strive (ASST) with a buy rating and a $26 price target, or nearly triple today’s closing price of $9.64. He tied that target to estimated bitcoin dollar gains of $142 million for fiscal 2026, a 2x multiple and bitcoin at about $140,000 by year-end 2026.

He said Strive is the first public bitcoin treasury company to acquire another one, citing its January 2026 purchase of Semler Scientific. Vitanza called it a “watershed event” and said it supports the view that Strive could become a logical consolidator if more treasury companies trade at a discount to the value of their bitcoin.

He also highlighted Strive’s mix of asset management, social media marketing and bitcoin education businesses. In TD Cowen’s view, those units could support treasury operations and help the company outperform spot bitcoin funds in a favorable market.

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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