Everything web3, crypto, defi, degen
In brief Cryptocurrency exchange Bullish formally filed for IPO. The exchange aims to raise up to $629 million based on an initial share price of $28-$31. The firm previously sought IPO in 2021, but plans were spoiled due to market conditions in 2022. Cryptocurrency platform Bullish publicly filed its F-1 registration with the SEC on…
In brief Coinbase’s stock fell 17% on Friday, the day after the crypto exchange reported its second-quarter earnings. Analysts say the trading platform is poised to report stronger earnings numbers in subsequent financial quarters. Coinbase’s acquisitions and expansion beyond crypto-only services could lift its sagging stock. COIN plunged 17% on Friday, just a day after…
In brief Bitcoin, Ethereum, and XRP all continued a dayslong slump Friday, helping push crypto liquidations over the $900 million mark. The overwhelming majority of those liquidations, over $823 million worth, were of long positions. The downturn was due mainly to macro political and economic factors, including a poor U.S. jobs report, new sweeping global…
In brief The White House unveiled new tariffs on Thursday. A cooler-than-expected jobs report pointed to a tepid labor market. Odds of a September rate cut surged to 83% from 37%. The price of Bitcoin and other cryptocurrencies wavered on Friday as investors weighed the White House’s latest round of tariffs against fresh signs of…
In brief JP Morgan CEO Jamie Dimon reaffirmed support for stablecoins, calling them potentially more useful than cash, while maintaining his skepticism toward Bitcoin. Dimon said blockchain and stablecoins meet customer demand, even if they don’t align with the bank’s personal preferences. The comments follow JP Morgan’s new deal with Coinbase, allowing Chase customers to…
In brief Analysts’ Coinbase forecasts had called for $1.59 billion in total revenue. The crypto exchange giant has made multiple major acquisitions this year, including for options trading platform Deribit. The company’s stock price was down more than 6% in after-market trading. Coinbase clocked $1.5 billion in total revenue, a 25% drop from the previous financial quarter, as…
In brief Nasdaq-listed Fold is partnering with prepaid gift-card provider Blackhawk Network. The deal will result in Fold’s Bitcoin gift cards available in potentially over 400,000 locations. Bitcoin gift cards allow people to pass on the cryptocurrency in physical form. Bitcoin financial services company Fold is working with publicly traded prepaid gift-card provider Blackhawk Network…
In brief Robinhood disclosed $989 million in second-quarter revenue. Profits rose quarter-over-quarter to $386 million. The company’s stock has more than doubled so far this year. Robinhood posted a stronger-than-expected performance in the second quarter, surpassing analyst expectations yet again this year, despite a cooldown in revenue from crypto trading.The retail brokerage posted $989 million…
In brief Interest rates have remained between 4.25% and 4.50% since the last rate cut in December. The Federal Reserve’s has remained cautious amid unsettling inflation signs. Bitcoin has traded largely below $120,000 since reaching a record high near $123,000 earlier this year. Bitcoin ticked down only slightly after the U.S. central bank left the…
In brief A White House official said that Wednesday’s much-anticipated crypto report will make no mention of a federal Bitcoin reserve or digital asset stockpile. They said more information on the topic will come “probably in short order.” President Trump had requested that information about a crypto stockpile be included in today’s report, which was…
