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Coinbase CEO forecasts Bitcoin near 400k by 2030 as U.S. crypto framework advances
news4 days 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-earnings25 days 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
business25 days 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
markets1 month 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
business1 month 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
business2 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
policy2 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
business2 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
finance-and-policy2 months ago

Dimon escalates clash with Coinbase as banks push back on crypto bill

JPMorgan Chase CEO Jamie Dimon said banks will fight the Senate’s landmark crypto bill in its current form and publicly attacked Coinbase CEO Brian Armstrong, calling him 'full of s--t.' Dimon argued the bill would allow yield-bearing deposits and fail to address AML/BSA safeguards, signaling broad industry pushback even as the White House backs federal crypto regulation. The bill had advanced out of the Senate Banking Committee earlier in May amid banker objections, but a floor vote date hasn’t been set, and banks’ positions vary by business model.

via Politico|
#coinbase#cryptocurrency#finance
Coinbase Dips as CLARITY Act Advances, CEO Voices Crypto Risks
market-news3 months ago

Coinbase Dips as CLARITY Act Advances, CEO Voices Crypto Risks

Coinbase and Robinhood shares fell after the Senate Banking Committee advanced the CLARITY Act, with traders taking profits after the initial optimism. Coinbase CEO Brian Armstrong remains critical of the bill, flagging restrictions on stablecoin yields, limits on tokenized equity, and DeFi surveillance provisions. The legislation still faces a tough path to 60 votes in the full Senate amid political hurdles. Analysts here rate COIN a Moderate Buy with a $247 12‑month target, implying about 16% upside as investors weigh regulatory risk.

via TipRanks|
#clarity-act#coinbase#market-news
Crypto Regulation Heads to a Crucial Senate Vote as CLARITY Act Advances
market-news3 months ago

Crypto Regulation Heads to a Crucial Senate Vote as CLARITY Act Advances

The CLARITY Act would assign digital assets that act like commodities (e.g., BTC and ETH) to CFTC oversight, while securities-like tokens stay under the SEC, with new protections for DeFi developers. After a January delay over a blanket stablecoin yield ban, a revised compromise boosted momentum ahead of a May 14 Senate Banking Committee vote, signaling a potential regulatory framework for crypto and possibly unlocking broader institutional participation, though bipartisan support remains uncertain amid midterm politics and opposition from some lawmakers.

via TipRanks|
#clarity-act#coinbase#crypto-regulation
Coinbase Posts Q1 Loss as Trading Volumes Slump and Workforce Cuts Hit 14%
business3 months ago

Coinbase Posts Q1 Loss as Trading Volumes Slump and Workforce Cuts Hit 14%

Coinbase posted a $394 million net loss for Q1 2026 as revenue fell 31% to $1.4 billion and transaction revenue dropped 40%, missing expectations. The company also announced a 14% workforce reduction as it pivots toward AI-enabled operations, sending its shares lower after hours; management pointed to gains in derivatives, USDC and Base activity as positives amid softer crypto markets.

via Decrypt|
#base#business#coinbase