Coinbase Stock Tumbles 7% After Disappointing Q2 Results
Coinbase (COIN) reported worse than expected second-quarter results on Thursday, sending its shares down 7% in post-market trading. The crypto exchange posted total revenue of $1.5 billion, up from $1.45 billion in the same quarter last year but slightly lower than FactSet estimates of $1.59 billion. Adjusted earnings before...
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Strategy Earned $10B in Q2 on Back of Bitcoin Price Gain
Disclaimer: The analyst who co-wrote this piece owns shares of Strategy (MSTR). Strategy (MSTR), the largest corporate holder of bitcoin (BTC), posted second-quarter operating earnings of $14 billion or $32.60 per share, and net income of $10 billion. The massive profit came as the price of bitcoin rose roughly...
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Coinbase Q2 Earnings Highlights: Sales, EPS Miss, 40% Slide In Trading Volume
Cryptocurrency trading platform company Coinbase Global (NASDAQ:COIN) reported second-quarter financial results after market close Thursday. Here are the highlights. What Happened: Coinbase reported second-quarter revenue of $1.5 billion, down 26% quarter-over-quarter. The revenue missed a Street consensus estimate of $1.69 billion, according to data from Benzinga Pro. Transaction revenue...
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Bernstein Analysts Dive Deep Into Ethereum Treasury Companies, Highlight Unique Risks
Analysts at investment firm Bernstein have discussed in detail the Ethereum treasury companies, which have begun to emerge. The analysts highlighted specific risks around their ETH operations but declared that they remain bullish on the largest altcoin by market cap. How The Ethereum Treasury Companies Are Unique The Bernstein...
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CoinDCX Software Engineer Arrested in Connection to $44 Million Hack (Report)
The Indian exchange is the latest victim of bad actors exploiting vulnerabilities and taking control of internal systems, resulting in millions of dollars being lost. The losses this year, overall, are already in the billions, and, regrettably, continue to increase at an alarming pace. Details on What Happened A...
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MicroStrategy Beats Q2 Earnings As Revenue Rises, Bitcoin Yield Climbs To 19.7%
MicroStrategy Inc (NASDAQ:MSTR), which does business as Strategy, reported second-quarter financial results after the market close on Thursday. Here’s a look at how the Bitcoin (CRYPTO: BTC) treasury company fared during the quarter. Q2 Earnings: Strategy reported second-quarter revenue of $114.49 million, beating analyst estimates of $112.96 million. The company reported...
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Bitcoin, Ethereum, XRP, Dogecoin Struggle As Post-FOMC Blues Hits Markets
Cryptocurrency markets are down after Bitcoin failed to consolidate above the $119,00 mark. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $116,606 Ethereum (CRYPTO: ETH) $3,726 Solana (CRYPTO: SOL) $174.74 XRP (CRYPTO: XRP) $3.05 Dogecoin (CRYPTO: DOGE) $0.2129 Shiba Inu (CRYPTO: SHIB) $0.00001265 Notable Statistics: IntoTheBlock data shows Bitcoin’s large transaction...
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Fold expands Bitcoin’s reach through America’s $300b gift card infrastructure
Fold’s latest play makes Bitcoin as easy to gift as a last-minute birthday card. With Blackhawk’s retail muscle, BTC is now a checkout-line option at over 400,000 stores, transforming crypto from an investment into something users pick up while shopping.…...
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Qubetics crypto price collapses 97% amid airdrop turmoil
The ambitious Qubetics project is facing its biggest test yet as traders rapidly lose confidence....
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Ondo Finance Featured In White House Report As Key Player In RWA Tokenized Finance
Ondo Finance continues to strengthen its position as a leading force in the tokenized finance space. Since launching its token in January 2024, the project has grown rapidly, carving out a prominent role in the intersection of Real World Asset (RWA) tokenization and decentralized finance (DeFi) integration with traditional...
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