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Tokenized stocks under SEC push could lift Coinbase, Robinhood, Circle, analysts say
finance19 days ago

Tokenized stocks under SEC push could lift Coinbase, Robinhood, Circle, analysts say

The SEC’s tokenized-stock framework could allow on‑chain trading of qualifying U.S. stocks via automated market makers while preserving shareholder rights. Goldman Sachs and Citizens say Coinbase stands to gain across custody, tokenization infrastructure, and its Base/stablecoin ecosystem; Robinhood may need to add rights and features to comply with US rules; Circle could benefit from increased USDC use for settlement and collateral. Traditional exchanges are unlikely to face immediate disruption due to trading caps and issuer opt‑outs, but more on‑chain stock tokens could broaden opportunities for these platforms over time.

via CoinDesk|
#circle#coinbase#finance
Bitcoin Holds Ground as CLARITY Vote Fails; XRP Leads Crypto Selloff
cryptocurrency22 days ago

Bitcoin Holds Ground as CLARITY Vote Fails; XRP Leads Crypto Selloff

Bitcoin slid to about $75,800 after the Senate failed to advance the CLARITY Act, a roughly 1.5% drop driven more by macro factors than BTC’s regulatory status. XRP sagged nearly 8% while Coinbase fell around 8–9% in the same session, indicating the regulatory setback hit crypto intermediaries more than the coin itself. Traders will look for Bitcoin to reclaim $78,189 to price out the discount, with key supports near $75k, $74k and $72k as macro pressures like rates and oil continue to weigh on risk assets.

via 24/7 Wall St.|
#bitcoin#clarity-act#coinbase
Crypto Chief Says Charity Is a Net Negative and Isn’t in His Plan
technology1 month ago

Crypto Chief Says Charity Is a Net Negative and Isn’t in His Plan

Coinbase CEO Brian Armstrong argues philanthropy is a net negative because foundations can be captured by ideology, and he has no plans to start a charity or foundation. He previously joined Warren Buffett/Bill Gates’ Giving Pledge in 2018, closed GiveCrypto in 2023, and left the Giving Pledge in 2024, opting instead for a donor-advised fund to guide giving toward efforts he believes will advance civilization.

via Yahoo|
#brian-armstrong#charity#coinbase
Coinbase CEO forecasts Bitcoin near 400k by 2030 as U.S. crypto framework advances
news1 month ago

Coinbase CEO forecasts Bitcoin near 400k by 2030 as U.S. crypto framework advances

Coinbase CEO Brian Armstrong told Fox Business that Bitcoin is very likely to reach about 300,000 to 400,000 by 2030, citing a White House meeting with top regulators and momentum on the Clarity Act to differentiate digital assets as securities, commodities, or stablecoins. Trump urged lawmakers to pass the act, while some banks endorsed it, and Bitcoin’s price rose after the remarks. Meanwhile, the broader push for crypto legislation underscores a shift toward clearer U.S. policy on digital assets.

via Bitcoin Magazine|
#bitcoin-price#brian-armstrong#clarity-act
Coinbase slides on crypto downturn; losses deepen in Q2
company-earnings2 months ago

Coinbase slides on crypto downturn; losses deepen in Q2

Coinbase Global posted a wider-than-expected Q2 net loss of $359 million as crypto trading momentum faded, with revenue down 17% to $1.15 billion and trading revenue down 22% to $600 million; nontrading revenue also declined, though Coinbase One memberships rose to a record, underscoring diversification efforts. Analysts cut price targets amid a sluggish crypto market and weaker earnings, as the company pursues new products and regulatory clarity.

via Yahoo Finance|
#coinbase#company-earnings#crypto-market
Coinbase slides on Q2 miss as subscriptions offer a glimmer of diversification
business2 months ago

Coinbase slides on Q2 miss as subscriptions offer a glimmer of diversification

Coinbase reported a wider-than-expected Q2 loss of $359.5 million ($1.36 per share) on $1.2 billion in revenue, missing forecasts and marking its third straight quarter of misses; shares fell after hours. While trading and stablecoin revenue weakened, the company leaned on subscriptions, bringing in $555 million, to offset some weakness, though that line also came in below Street expectations. The results come amid a flat BTC backdrop and ongoing crypto-market softness, as Coinbase doubles down on diversifying beyond core trading.

via CNBC|
#business#coinbase#crypto
Bitcoin Eyes Breakout as Clarity Act Nears Senate Passage
markets2 months ago

Bitcoin Eyes Breakout as Clarity Act Nears Senate Passage

Crypto markets stirred after signs Washington is moving toward a clearer rulebook for digital assets: Bitcoin climbed about 2.5% toward $67,000, Coinbase rose as much as 13%, and Ether traded around $1,950 after Scott Bessent said lawmakers were at the ‘1-yard line’ on the Clarity Act, with analysts noting an improved technical and institutional backdrop and suggesting a breakout could follow if the bill clears Congress before recess.

via Bloomberg.com|
#bessent#bitcoin#clarity-act
Open Standard unveils Open USD, a global stablecoin backed by Visa, Mastercard and Coinbase
business3 months ago

Open Standard unveils Open USD, a global stablecoin backed by Visa, Mastercard and Coinbase

A consortium led by Visa, Mastercard and Coinbase launched the Open Standard network and a USD-pegged stablecoin called Open USD, aiming to scale stablecoins globally with open governance; the network has over 140 partners, and Open USD can be minted or redeemed at no cost with no volume limits, while earnings from the token’s reserves are shared among partners minus a management fee, with a launch expected later this year.

via Yahoo Finance|
#business#coinbase#open-standard
Bitcoin's pullback sparks bold options bets on Strategy and Coinbase
business4 months ago

Bitcoin's pullback sparks bold options bets on Strategy and Coinbase

Bitcoin rebounded above $60,000 after a sharp 2026 decline but is down about 27% on the year and roughly half from its all-time high. Despite the drop, crypto-related stocks drew heavy options activity, with the iShares Bitcoin Trust ETF among the most traded tickers. Two notable trades aimed to profit from differing outlooks: one trader sold 125/180 call diagonals on Strategy to benefit if the stock stays below $125, and another placed a bullish diagonal on Coinbase by selling near-term calls and buying longer-dated calls, targeting a move above roughly $183 by August. The moves show a mix of bearish and bullish bets as investors weigh a potential rebound against ongoing crypto volatility, while bitcoin is viewed by some as resilient money.

via CNBC|
#bitcoin#business#coinbase
Crypto coalition pushes Senate floor vote on Clarity Act
policy4 months ago

Crypto coalition pushes Senate floor vote on Clarity Act

More than 200 digital-asset companies and trade groups, including Coinbase and Ripple, urged Senate leaders to bring the Digital Asset Market Clarity Act to a floor vote, arguing a federal framework would clarify regulatory responsibilities and bolster U.S. leadership in crypto innovation; the push follows bipartisan Senate Banking Committee progress and renewed advocacy from Treasury and White House crypto advisers, despite ongoing ethics concerns.

via The Block|
#clarity-act#coinbase#policy
Dimon slams Coinbase chief as banks push tougher crypto rules
business4 months ago

Dimon slams Coinbase chief as banks push tougher crypto rules

JPMorgan CEO Jamie Dimon publicly blasted Coinbase CEO Brian Armstrong, calling him “full of s--t” and warned that big banks will oppose the current form of the Clarity Act, which aims to plug regulatory gaps in digital assets and would subject exchanges to stronger oversight; Armstrong has been spending heavily to lobby DC to shape the bill in crypto’s favor, while banks argue that allowing platforms to pay interest on stablecoins could siphon deposits as the legislation moves through Congress.

via New York Post|
#brian-armstrong#business#clarity-act