COIN

JPMorgan Chase (NYSE: JPM) trimmed its earnings forecasts for Circle Internet Group (NYSE: CRCL) and Coinbase Global (Nasdaq: COIN) on July 14. Both Circle and Coinbase are two of the world's biggest crypto companies. While the former is best known for its USDC stablecoin, the latter is the largest crypto trading exchange in the United States. Related: Coinbase CEO proposes surprising fix to $60B remittance fees Coinbase and Circle share a years-long relationship as both jointly built the USDC stablecoin ecosystem. Although Circle is now the sole issuer of USDC, Coinbase remains its largest distribution partner and shares heavily in the economics of the stablecoin reserves. On May 14, Coinbase announced that it is expanding its support for USDC on Hyperliquid by becoming the official treasury deployer of USDC as an Aligned Quote Asset (AQA). qHyperliquid is a decentralized exchange offering high-leverage perpetuals trading of cryptocurrencies, commodities, and tokenized stocks. It has become very popular, attracting a large number of high-frequency and speculative crypto traders. Traders come to Hyperliquid to speculate on commodities, equities, and private-company valuations through blockchain-based markets. Coinbase said the integration solidifies USDC’s role as the preferred stablecoin underlying onchain capital markets on Hyperliquid. 95% odds Messi is mentioned during France-Spain FIFA World Cup clash Cathie Wood's ARK issues bold prediction on U.S. digital dollar White House reportedly hit with key exit at critical moment But the deal forced JPMorgan to lower its earnings forecasts for both Circle and Coinbase. As per the bank, the deal created a "prisoner's dilemma" which drives Circle and Coinbase to compete with each other when promoting USDC distribution. JPMorgan estimated that Hyperliquid holds around $6 billion of USDC, or nearly 8% of the circulating supply. Under the new deal, Coinbase will classify USDC on Hyperliquid as "on-platform," collect the income generated by reserves, and pay 90% of it to Hyperliquid. Earlier, Coinbase split nearly all of the revenue evenly with Circle, the bank estimated. JPMorgan lowered its earnings estimates for both Circle and Coinbase due to the Hyperliquid agreement and dwindling crypto markets. However, the bank expects higher interest rates to boost support for USDC revenue through 2027. Related: Analysts re...

New York-based Coinbase Global, Inc. (COIN) operates a platform to buy and sell cryptocurrencies. Valued at $44.5 billion by market cap, the company provides consumers with a primary financial account for the crypto economy, offers institutions a brokerage platform with deep liquidity across the crypto marketplace, and delivers a suite of products enabling developers to build on-chain applications. The leading cryptocurrency exchange and financial services platform is expected to announce its fiscal second-quarter earnings for 2026 in the near term. Ahead of the event, analysts expect COIN to report a profit of $0.31 per share on a diluted basis, up 158.3% from $0.12 per share in the year-ago quarter. The company missed the consensus estimates in three of the last four quarters while beating the forecast on another occasion. Nasdaq Futures Plunge as Samsung Sparks Chip Selloff AbbVie vs Eli Lilly: 1 Is Clearly the Better Dividend Stock to Buy and Hold for the Next 10 Years The Nasdaq-100 Could Be Forming a Textbook Diamond Top. Here's What to Watch on the QQQ Chart Now. Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For the full year, analysts expect COIN to report EPS of $1.74, down 56.8% from $4.03 in fiscal 2025. However, its EPS is expected to rise 158.1% year over year to $4.49 in fiscal 2027. COIN stock has considerably underperformed the S&P 500 Index’s ($SPX) 20.5% gains over the past 52 weeks, with shares down 54.2% during this period. Similarly, it notably underperformed the State Street Financial Select Sector SPDR ETF’s (XLF) 6.4% gains over the same time frame. COIN lagged on weaker trading volumes and lower crypto prices, with investors rotating out of Bitcoin rather than adding new capital. Rate concerns added pressure on growth multiples. However, Coinbase gained traction in derivatives, prediction markets, and stablecoins, with USDC hitting record holdings. Management leaned on AI to lift engineering productivity 78% year over year and cut costs, while expanding the Everything Exchange and tokenization pipeline. Share buybacks of $1.1 billion and progress on regulation via the CLARITY Act support the longer-term thesis despite near-term market softness. Analysts’ consensus opinion on COIN stock is reasonably bullish, with a “Moderate Buy” rating overall. Out of 3...

Cryptocurrencies are tentatively recovering to begin the year’s third quarter. On July 3, Bitcoin (CRYPTO: $BTC) was trading at $62,128 U.S., having gained 1% in the last 24 hours. Bitcoin's price is back above the key support level of $60,000 U.S. that analysts say is needed for a sustained rally to begin. A week ago, Bitcoin was trading at a 21-month low of $58,000 U.S. Other cryptocurrencies are also staging a rebound, with Ethereum's price up 3% over the past 24 hours to $1,740 U.S. Heading into the July 4th holiday weekend in America, crypto prices were gaining ground as investors rotate capital out of high-flying microchip and semiconductor stocks such as Micron Technology (NASDAQ: $MU) and SanDisk (NASDAQ: $SNDK). Adding to the bullish sentiment around crypto is news that exchange-traded funds (ETFs) that track the spot price of Bitcoin have seen an influx of capital following a 10-day losing streak. Bitcoin ETFs attracted $221.7 million U.S. of capital on July 2, their biggest inflow in two months. The inflows ended a difficult 10-day outflow streak that saw investors pull a total of $2.73 billion U.S. from the funds. More From Cryptoprowl: Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge Blockchain Projects Decline 75% As Developers Shift To A.I. Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance New York Stock Exchange Invests $600 Million In Polymarket Here’s what else happened with cryptocurrencies over the past week… Strategy Announces $2 Billion Stock Buyback Program: Strategy (NASDAQ: $MSTR) has announced a new $2 billion U.S. stock buyback program as it looks to attract investors and boost its share price. Strategy’s board has also approved a “Bitcoin Monetization Program” that will allow the company to sell Bitcoin when management deems it advantageous. Proceeds from Bitcoin sales can be used to build or replenish the company's cash reserves, fund preferred stock dividends, make interest payments, and finance stock buybacks. American Bitcoin Conducts Reverse Stock Split: American Bitcoin (NASDAQ: $ABTC) has conducted a reverse stock split to avoid being delisted from the Nasdaq (NASDAQ: $NDAQ) exchange. American Bitcoin is the Bitcoin mining company that’s majority-owned by Hut 8 (NASDAQ: $HUT). The company’s shares are currently tradin...

(Bloomberg) -- Cboe Global Markets Inc. is seeking US regulatory approval to list all-or-nothing options tied to corporate earnings results, allowing traders to wager on figures ranging from SpaceX revenue and Nvidia data-center sales to JPMorgan Chase & Co.’s credit-loss provisions. Most Read from Bloomberg Meta Is Planning a Cloud Business to Sell AI Computing Power Krafton Agrees to Pay ‘Subnautica 2’ Bonuses as Developer’s CEO Resigns US Decides Against Renewing USMCA, Shifting to Rolling Talks SpaceX IPO Left Mirae With No Shares on Misunderstanding Democratic Socialist Ousts 15-Term House Incumbent in Colorado The proposed “binary KPI options” would settle based on whether a company’s reported financial or operating metric met a preset threshold, rather than on the movement of its stock price, according to a filing with the Securities and Exchange Commission. The contracts, which would be similar to binary yes-or-no bets already available on prediction market exchanges, would track 23 companies and more than 100 possible metrics. The proposal comes as exchange operators like Cboe are racing to list products that give traders new ways to hedge risk, while also competing with the likes of Kalshi and Polymarket for retail interest in event-style contracts. Other company metrics listed in the filing include Apple Inc. iPhone sales, Coinbase Global Inc. trading volume and Tesla Inc. model 3 and model Y production. Unlike Kalshi and Polymarket, which are regulated by the Commodity Futures Trading Commission, Cboe is a securities exchange operator and therefore overseen by the SEC, which has stricter rules about listing new products. Traditional exchange operators have nonetheless sought to roll out a raft of new contracts in recent months, seeking to capture growing demand for event-driven trading while keeping that activity on time-tested venues. Cboe said last week it brought back a type of contract that allows customers to place yes or no bets on the S&P 500 reaching a certain threshold, after a hiatus of more than a decade. Nasdaq Inc. has regulatory approval to launch binary index options contracts, which are expected to list later this year, while Intercontinental Exchange Inc., owner of the New York Stock Exchange, is adding new futures contracts tied to global monetary-policy decisions and US natural gas storage, Bloomberg reported earlier this week....

Cboe Global Markets Inc. is seeking US Securities and Exchange Commission approval to list binary op

ARKK also added other financial stocks, including Robinhood, Coinbase, Circle, and Bullish. SoFi’s new platform will offer fixed-rate business loans of up to $250,000 to small businesses. However, investment bank Keefe Bruyette said it does not expect a significant near-term financial impact from the new offering. Cathie Wood’s ARK Investment Management closed its second quarter by adding a significant position in SoFi Technologies Inc. (SOFI) on the same day that the fintech firm launched a small business lending platform offering loans of up to $250,000. According to Ark Invest Tracker, Wood’s ARK Innovation ETF (ARKK) bought 202,095 shares of SOFI, worth about $3.62 million based on its last closing price. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox The ETF also added other financial stocks, including Robinhood Markets Inc. (HOOD), and cryptocurrency firms Coinbase Global, Inc. (COIN), Circle Internet Group, Inc. (CRCL), and Bullish (BLSH). These purchases align with Wood’s bullish stance on the pending CLARITY Act, which could provide regulatory clarity for financial and crypto firms by defining when digital assets are treated as commodities. It would also place more oversight under the CFTC, a move Wood has previously said could accelerate innovation and institutional adoption. Meanwhile, earlier on Tuesday, the financial company launched SoFi Small Business Loans, expanding beyond its core lending operations as it targets becoming the everything app for digital financial services. The new platform will offer fixed-rate business loans of up to $250,000 to small businesses, with the company stating that eligibility checks would be completed in minutes and that funding would be available as soon as 24 hours after approval. It also features transparent pricing with no application, origination, or prepayment fees, alongside predictable repayment schedules to help businesses manage cash flow and growth plans. “Small business owners deserve financing that moves as fast as they do. @SoFi Small Business Loans are an important step in building a financial services platform for every major financial decision in our members’ lives, and all the days in between,” CEO Anthony Noto said in a post on X. However, investment bank Keefe Bruyette said it does not expect a significant near...

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors chop over the weekend, lag stocks; BTC steady at $60k BTC ETFs see $1.79B in outflows on week, 3rd most ever Brian Armstrong responds to criticism of Coinbase app promoting gambling Unlicensed crypto firms in Europe face trouble ahead of July 1 MiCa deadline ANSEM cools off after weekend run to $120M, now back at $80M Bitcoin is trading just below $60,000 and is on track for a rare back-to-back quarterly loss. It’s down roughly 12% this quarter after a 22% drop in Q1, which breaks its historically strong second-quarter pattern, with the quarter and first half both closing Tuesday. The selloff bottomed at a $58,115 low on June 26, a 20-month low, and the bounce since has been shallow. The causes have been pretty consistent: steady outflows from spot Bitcoin ETFs (another $1.79B this past week) a hawkish Fed under Kevin Warsh a dollar at 12-month highs capital rotating into semiconductor and memory-chip stocks riding the AI boom. The damage runs deeper in altcoins. ETH is down about 25% on the quarter and 47% on the year, and over the past week Dogecoin, XRP, and HYPE all posted double-digit losses. Solana held up a bit better, but is still down 43% on the year. The back-to-back losses feed the bigger debate over whether Bitcoin’s four-year cycle is breaking, since a red 2026 would push the usual three-up, one-down rhythm into a second straight down stretch. But the bulls have a chart of their own. Every prior time Bitcoin closed two red six-month candles in a row, in 2018 and 2022, it was followed by a three-year uptrend. The second red six-month candle of this stretch closes in two days. Pair that with a Fear and Greed reading of 18, deep in Extreme Fear, and the setup looks either like the start of a deeper breakdown or the kind of capitulation that has marked past bottoms. Let’s hope it’s the latter… Crypto majors are mostly flat over the weekend; BTC -1% at $59.8k; ETH -1% at $1,570; SOL +1% at $72; HYPE even at $63.13 ENA (+4%), AVAX (+4%) and AAVE (+3%) led top movers Oil even at $69.80; Gold -1% at $4,050 Stock futures are green after a new...

Download the Complete Report Here Key Takeaways: STKE’s DAT++ model is expanding from validator economics into a broader Solana infrastructure stack. STKE’s 2Q FY26 (quarter ending March 2026) was defined less by CAD-denominated revenue and more by its transition from a validator-led DAT++ vehicle into a broader Solana infrastructure platform spanning staking, liquid staking, privacy-enabled execution, and cross-chain routing. Core rewards remained resilient, with 5,650 SOL of staking rewards and 3,521 SOL of validation rewards, bringing total rewards to 9,171 SOL, down only 6% q/q, even as CAD-denominated staking and validation income fell 45% q/q to C$1.15 million on lower SOL prices. We believe the divergence reinforces the thesis: STKE is building value through SOL units, fee-bearing assets, and transaction-layer revenue, not simply balance-sheet exposure to SOL. Strategic execution in 1H FY26 supports the move from passive SOL exposure toward infrastructure monetization. The first half included capital-structure clean-up, Michael Hubbard’s permanent CEO appointment on March 31, the January launch of STKESOL, the April Darklake/Zyga acquisition, and the definitive agreement to acquire Houdini Swap for $18 million. Collectively, these actions extend the model beyond proprietary staking and delegated validation into liquid staking, private execution, APIs, routing, and transaction distribution, with Darklake and Houdini representing the clearest steps toward a higher-margin Solana middleware platform. The core thesis remains unit compounding, but mark-to-market pressure was significant. STKE ended March with 441,915 SOL, 82,314 STKESOL, and 52,182 JTO, worth C$60.7 million versus C$126.5 million of crypto holdings at September 30, as SOL fell 60% from $208.74 to $83.11. The offset was unit growth: SOL-equivalent holdings increased to roughly 524,000 from 435,159 at fiscal year-end, AuD reached 3.8 million SOL, and the validator network served 34,000+ wallets with 100% uptime and a 6.08% peak APY versus the 5.74% network average. The quarter therefore reinforced the DAT++ thesis at the unit and product levels, even as SOL-price compression drove a C$89.9 million quarterly loss and C$48.2 million total comprehensive loss. Darklake expands STKE into Solana-native privacy infrastructure and zero-knowledge execution. In April, STKE acquired Darklake Labs for $1...

June S&P 500 E-Mini futures (ESM26) are down -0.41%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.30% this morning, pointing to a lower open on Wall Street as oil prices continue to rise amid the stalemate between the U.S. and Iran. The price of WTI crude rose over +1% on Monday amid prospects of a prolonged closure of the Strait of Hormuz. U.S. President Donald Trump said on Sunday on his social media platform that “For Iran, the Clock is Ticking, and they better get moving, FAST, or there won’t be anything left of them.” The remarks heightened concerns that the conflict could shift back into a more active military phase, delaying any normalization of traffic through the waterway. Iran’s Islamic Republic News Agency quoted the Defense Ministry spokesman as saying the Iranian Armed Forces are “fully prepared to confront any new potential attack by the U.S. and the Israeli regime against the country.” Meanwhile, a drone ignited a fire in a power station at the United Arab Emirates’ Barakah nuclear plant on Sunday, while Saudi Arabia said it had intercepted three drones. Nokia Shares Jumped After Cisco’s Strong Quarterly Results. NOK Could Be the Next Networking Winner. Dear Dell Stock Fans, Mark Your Calendars for May 28 NVDA Earnings, Alphabet Conference and Other Can't Miss Items this Week Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! The 10-year T-note yield rose one basis point to 4.61% on Monday as higher oil prices fueled inflation concerns. Investors now see a 70% chance of a 25 basis point Fed rate hike by year-end and are fully pricing in a move by March 2027. Investor focus this week is on an earnings report from chip giant Nvidia, the minutes of the Federal Reserve’s latest policy meeting, and a fresh batch of U.S. economic data. In Friday’s trading session, Wall Street’s major equity averages closed sharply lower. Chip stocks sank, with Arm Holdings (ARM) slumping over -8% to lead losers in the Nasdaq 100, and Micron Technology (MU) sliding more than -6%. Also, cryptocurrency-exposed stocks slid after Bitcoin dropped more than -2%, with Coinbase Global (COIN) falling over -7% and MARA Holdings (MARA) declining more than -6%. In addition, travel stocks fell as oil prices climbed, with United Airlines (UAL)...

Coinbase’s first quarter results for 2026 reflected a challenging environment, with revenue and adjusted earnings falling short of Wall Street expectations. Management attributed the underperformance primarily to a significant drop in overall crypto trading volume and lower asset prices, which outpaced growth in newer business lines. CEO Brian Armstrong noted, “We faced headwinds with a softer trading market this quarter, but we executed well on what was in our control,” highlighting continued market share gains and robust growth in derivatives trading and stablecoin transactions. The company emphasized that, despite external pressures, its core platform and product suite continued to attract net inflows and customer engagement. Is now the time to buy COIN? Find out in our full research report (it’s free). Revenue: $1.41 billion vs analyst estimates of $1.51 billion (29.7% year-on-year decline, 6.3% miss) Adjusted EPS: -$1.49 vs analyst estimates of $0.04 (significant miss) Adjusted EBITDA: $303.3 million vs analyst estimates of $398.5 million (21.5% margin, 23.9% miss) Operating Margin: -1.5%, down from 33.9% in the same quarter last year Market Capitalization: $53.17 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. James Yaro (Goldman Sachs) asked about the CLARITY Act's status and its impact. Chief Legal Officer Paul Grewal responded that passage is expected by summer, with rewards programs likely to be protected under the new framework. Ken Worthington (JPMorgan) inquired about who will participate in the crypto ecosystem post-CLARITY. CEO Brian Armstrong said institutional capital and a broader set of companies could enter, boosting opportunities for Coinbase’s platform services. Patrick Moley (Piper Sandler) raised questions on the monetization timeline for non-crypto assets. CFO Alesia Haas highlighted early traction in derivatives, prediction markets, and commodities, but declined to give per-product revenue guidance. Alex Markgraff (KBCM) pressed for details on cost reductions. Haas attributed cuts to both market headwinds and the shift to AI-native operations, estimating about $500 million in reduce...

Block (NYSE:XYZ) cut 4,000+ employees in February 2026 and posted Q1 2026 adjusted diluted EPS growth of 51.8%, with guidance calling for 62% year-over-year full-year EPS growth. 100% of employees use AI tools, and production code changes per engineer increased 2.5x. Cloudflare (NYSE:NET) announced a 20% workforce cut citing an agentic AI-first operating model, and Coinbase (NASDAQ:COIN) cut 14% of staff (700 people) alongside reporting a GAAP loss of $1.49 per share. The analyst who called NVIDIA in 2010 just named his top 10 stocks and Block wasn't one of them. Get them here FREE. Jason Calacanis used Block (NYSE:XYZ) as a case study on a recent This Week in Startups episode to argue that AI-driven productivity gains have become a prisoner's dilemma for every public company CEO. Block cut over 4,000 people in February 2026, taking headcount from over 10,000 to under 6,000. Three months later, the company posted Q1 2026 adjusted diluted EPS growth of 51.8% ($0.85 against $0.56 in the prior-year quarter), and raised full-year 2026 adjusted EPS guidance from $3.66 to $3.85, a 62% year-over-year growth target. The stock closed at $74.85 on May 8, up 6.72% on the day and up 19.13% over the prior month. The point is, companies are increasingly seeing that reducing headcount increases profits. Even if they don't want to slash jobs, their hand can eventually be forced because they'll otherwise lose to a competitor with a better cost structure. Calacanis framed the structural argument bluntly: "If there is a gain to be had, you have no choice but to take it. That's capitalism. Because if you don't take it, your competitor takes it. Their earnings go up. They can attract the best talent. You can't." As of early April, 100% of Block employees are using AI tools to do their work, and production code changes per engineer are up more than 2.5x since the start of the year. Builderbot, Block's internal AI agent, is reviewing more than 90% of production code change requests. CEO Jack Dorsey told analysts, "a significantly smaller team, using the tools we are building, can do more and do it better." The analyst who called NVIDIA in 2010 just named his top 10 stocks and Block wasn't one of them. Get them here FREE. The same week brought parallel moves across the sector. Cloudflare (NYSE:NET) announced a 20% workforce cut, with CEO Matthew Prince citing an "agentic AI-first o...

The latest financial results of cryptocurrency exchange Bullish (NYSE: $BLSH) have come up short as trading activity on its platform slowed in recent months. The company, which focuses on institutional investors, reported first-quarter revenue of $92.8 million U.S., which was below Wall Street estimates of $94.9 million U.S. Bullish also reported a net loss of -$3.85 U.S. per share compared with a loss of -$3.04 U.S. a share a year earlier. More From Cryptoprowl: Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge Blockchain Projects Decline 75% As Developers Shift To A.I. Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance New York Stock Exchange Invests $600 Million In Polymarket Management said the crypto exchange struggled in Q1 as Bitcoin’s (CRYPTO: $BTC) price fell to a multiyear low of $60,000 U.S. Other digital assets also saw their price fall sharply. Other crypto exchanges such as Coinbase Global (NASDAQ: $COIN) and Robinhood Markets (NASDAQ: $HOOD) also missed their first-quarter earnings targets due to the “crypto winter.” The latest earnings print comes a week after Bullish announced plans to acquire transfer agent and shareholder services firm Equiniti for $4.2 billion U.S. The Equiniti purchase aims to expand the company’s push into tokenized securities and give Bullish a regulated transfer agent business. Prior to today (May 14), BLSH stock had declined 40% since its initial public offering in August of last year to trade at $41.81 U.S. per share.