Circle selloff may be overdone as crypto bill weakens Coinbase edge, say analysts
The latest draft of the CLARITY Act hit both stocks, but one analyst says the bill could ultimately shift bargaining power toward Circle and away from Coinbase.
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The latest draft of the CLARITY Act hit both stocks, but one analyst says the bill could ultimately shift bargaining power toward Circle and away from Coinbase.
Coinbase’s head of institutional, Brett Tejpaul, says institutional priorities in crypto are evolving, and investors are increasingly hunting for yield.
The institutional-focused exchange saw spot trading jump 62% to $76 billion in February, surpassing Coinbase’s market share.
Coinciding with the FCA’s announcement of its stablecoin trial, Coinbase’s Brian Armstrong criticized the U.K.’s regulatory process, saying it puts the region's global crypto leadership at risk.
The move pits Coinbase against Robinhood as it pushes to become an “everything exchange.”
JPMorgan said weak crypto markets pressured fourth-quarter results, but backs Coinbase’s strategy of investing through the cycle and returning capital via buybacks.
The bank trimmed its Coinbase revenue and earnings forecasts amid a brutal risk-off environment for crypto and delays around U.S. market structure legislation.
Emails show Brock Pierce introduced Jeffrey Epstein to the Coinbase round, while Blockchain Capital later said its fund investment was never completed as Epstein invested independently.
The ASA banned Coinbase adverts concluding they imply crypto could ease the country's cost-of-living crisis.
Coinbase VP of US Policy Kara Calvert explains what tipped the scales for Coinbase against the legislation just hours before a scheduled markup.
The move is deemed a "deliberate pause" and not a full exit, with Coinbase planning to reassess and return with a stronger product.
A tax change in Trump’s Big Beautiful Bill may steer gamblers toward blockchain-based prediction markets to reduce their IRS bill, Coinbase said.
Coinbase is dramatically expanding the assets available to trade on its platform, including novel cryptocurrencies, perpetual futures, stocks and prediction markets, starting with Kalshi.
Robinhood stands to gain more from prediction markets than Coinbase as users plan to deploy fresh capital rather than sell existing crypto, the bank said.
Mining stocks, trading platforms, and cryptocurrency infrastructure firms saw significant gains, including Hut 8, Riot Platforms, and Coinbase.
Wednesday’s update could debut tokenized assets, onchain AI agents and global Base features as crypto exchange Coinbase aims to redefine its business model.
Bitcoin is on track for its worst weekly performance since March, while U.S. demand indicators weaken as the Coinbase premium declines and spot ETFs reach a record volume.
The investment bank reversed its bearish call on Coinbase, citing renewed crypto momentum and potential U.S. regulatory breakthroughs.
Coinbase is planning to launch an Amex card whose design and rewards program are aimed squarely at bitcoiners — or those who want to become one.
The sale, if it goes through, could become the largest stablecoin acquisition to date, with Coinbase leading bids over Mastercard, sources told Fortune.