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Coinbase Global Inc. CEO Brian Armstrong has intensified his push for the CLARITY Act by pointing to the supposed priorities of millions of American voters ahead of an expected Senate vote. America Needs CLARITY In a series of posts on...
(Bloomberg) -- Circle Internet Group Inc. reported second-quarter revenue that missed Wall Street expectations after circulation of its stablecoin USDC fell from a peak amid a protracted slide in cryptocurrency markets. Most Read from BloombergTrump Says Iran Talks Going Well as Hopes Rise for Hormuz DealChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersBeer Dynasty Families Sell €731 Million Stake in AB InBevTaco Bell Met With Michigan on Parasite Weeks Before RecallSpaceX’s AI Spl
<body><p>STORY: From crypto giants feeling the squeeze to South Africa's new crypto rules...</p><p>This is Crypto Weekly.</p><p>:: Crypto Weekly</p><p>:: Coinbase posts third straight quarterly loss</p><p>Coinbase posted a third straight quarterly loss.</p><p>The crypto giant saw a drop of close to $360 million for the quarter ended June 30 - well down from a profit of $1.43 billion a year earlier.</p><p>Crypto markets came under pressure during the April-to-June quarter.</p><p>Investors turned away from riskier assets due to uncertainty over U.S. interest rates, geopolitical tensions and outflows from crypto investment products.</p><p>:: Trump-backed American Bitcoin swings to quarterly loss</p><p>American Bitcoin was another company to feel the mood sour around crypto.</p><p>The bitcoin miner is backed by two of U.S. President Donald Trump's sons.</p><p>Its net loss hit just over $57 million as bitcoin prices slid 11% from April to June.</p><p>:: South Africa drafts new crypto rules</p><p>South Africa took a step closer to bringing crypto into its financial rulebook.</p><p>The country released draft guidelines for the first time on when moving crypto across borders becomes a regulated and reportable event.</p><p>The draft Crypto Asset Manual was published jointly by the National Treasury and the South African Reserve Bank, and comes as crypto use widens in the country.</p><p>:: Robinhood Markets sees weakness in crypto trading</p><p>And Robinhood Markets beat Wall Street estimates for second-quarter profit.</p><p>It saw strong trading in equities, options and prediction markets, but weakness in crypto trading.</p><p>Analysts argue the quick expansion of prediction markets has turned investor focus away from crypto.</p><p>And market watchers now expect the prediction sector to play an even more key role in Robinhood's revenue mix.</p></body>
Coinbase Global and Circle confirmed that their commercial partnership will renew automatically on the same terms. The update ends speculation that the USDC agreement might be renegotiated following Coinbase's entry into the Open USD consortium. The renewal maintains existing economics around USDC for Coinbase without announced changes to revenue sharing. Coinbase Global, ticker NasdaqGS:COIN, is trading at $146.5, with the stock down 12.7% over the past week and 11.5% over the past month...
Hut 8 Corp (HUT) reports 81% revenue growth and secures major investment-grade financing, despite a non-cash GAAP net loss from Bitcoin's decline.
The firm is hurting from a slowdown in the crypto market, and the announcement of a new competitor will further pressure the stock.
Following the demise of its ill-fated Libra experiment, the company is offering third-party cryptocurrency options for creators and advertisers.
CME Group leads Coinbase on valuation, price gains and near-term growth, even as both expand across crypto and global trading markets.
Bitdeer Technologies Group (NASDAQ:BTDR) said it has entered the artificial intelligence infrastructure colocation market through a 16-year data center lease and services agreement at its Tydal campus in Norway. The agreement, executed with Volta Tydal AS, a subsidiary of AI infrastructure platform
Investor Cathie Wood bought $10 million U.S. worth of stock in cryptocurrency firms Coinbase Global (NASDAQ: $COIN)...
Senate to try to fit in an initial vote on the Clarity Act, Majority Leader Thune said. Cathie Wood buys nearly $10 mil in Coinbase, Circle.
Crypto stocks continue to see lackluster behavior.
Timing is becoming an issue, with the bill still not on the Senate floor schedule, and any delay could push meaningful action into the August recess.
(Bloomberg) -- Early last year, venture capital firm Felix Capital set out to raise $600 million for its next fund, touting previous investments in fitness-machine maker Peloton Interactive Inc. and food-delivery service Deliveroo. But investors want to see returns from older funds before they commit new capital, and Felix is still $150 million short of its target, according to a person with knowledge of the matter.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBev
Base network hits $32 trillion volume as subscription revenue gains traction.
This earnings season, several crypto companies are reporting their financial results for the second quarter of the year. Last week, Robinhood Markets (Nasdaq: HOOD), Coinbase Global (Nasdaq: COIN), and Strategy (Nasdaq: MSTR) reported the earnings for Q2 2026. Robinhood posted $1.31 ...
On this episode of CoinDesk's Public Keys from the New York Stock Exchange, Jennifer Sanasie is joined by Clear Street Managing Directors and Senior Analysts Owen Lau and Brian Dobson to break down a heavy week of earnings: Strategy's first quarter selling Bitcoin, Coinbase's third straight quarterly miss and Stripe and Advent's bid for PayPal. Then, after a look at ETF flows and Morgan Stanley's launch of the market's cheapest spot Ethereum and Solana ETFs at 14 basis points. Plus, Grayscale Head of Trading and Capital Markets Krista Lynch unpacks the state of crypto ETF flows and Altius co-founder and CEO Annabelle Huang makes sense of the macro backdrop along with her bear case for Bitcoin to dip to the $40K range. - Learn more at https://www.bullish.com/. - Register now for CoinDesk's Policy and Regulation event on September 24, 2026: https://policy-regulation.coindesk.com/. - To get market moving news delivered daily, download CoinDesk’s mobile app: https://linktr.ee/coindeskapp.
Coinbase’s commercial partnership with stablecoin issuer Circle will automatically renew on the same terms after both companies met the contractual renewal conditions. CFO Alesia Haas revealed this during the crypto exchange’s second-quarter 2026 earnings call. This puts to rest speculation that Coinbase could renegotiate its lucrative USDC agreement following its recent entry into the Open
Cantor Fitzgerald was favorable on all three names and stated the reduced targets were attributable to modified valuation assumptions, not a longer-term outlook.
U.S. spot Bitcoin ETFs saw nearly $1 billion in inflows over a week in mid-July, with IBIT and FBTC drawing renewed institutional interest despite Bitcoin's price struggles.
Tom Lee predicts AI-powered crypto payments will become mainstream within the next five years. He believes Ethereum will be the backbone of AI-driven payments, tokenization, ...
Coinbase Global has notably underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects.
Wall Street analysts are reshuffling their bets heading into August, and some of the calls on Monday target names that range from a crypto giant to a coffee behemoth to a semiconductor darling. Find out which stocks just got slapped with new downgrades and which ones earned fresh upgrades.
The current losing streak is almost double the previous record of 40 days.
The future of the crypto market is in limbo while waiting for the Clarity Act.
Coinbase Global Inc. CEO Brian Armstrong said on Thursday that he’s optimistic about the CLARITY Act’s prospects, but stressed it would be "business as usual" for the company even if the legislation fails to pass. ‘Coinbase Would Be Fine’ During...
Ark Invest trimmed positions in Bitmine Immersion Technologies, Bullish, and Block while simultaneously deploying roughly $43.5M into Coinbase and Circle shares, a rotation that looks far more like portfolio rebalancing than a retreat from crypto equities, according to the firm’s daily trade disclosures. The Cathie Wood-led investment firm has over $16Bn ...
As AI agents hold and spend their own money, the crypto market will expand and evolve.
The debate takes place ahead of a key Senate vote on the CLARITY Act, with disagreements still outstanding on stablecoins, illicit finance rules and ethics provisions.
The company captured over 10% of the total for the first time in its history.
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