Coinbase’s Base network became profitable in Q3 as transaction volume rose and ETH prices climbed, supporting broader gains across trading and services.
Bitcoin's action of late hasn't been great, but the price did rise nearly 7% in the three months ended September 30, boosting reported profits for Michael Saylor's firm.
The analytics firm warns that Bitcoin’s failure to reclaim the $113K cost basis may lead to a far deeper retracement amid long-term holder selling and fragile sentiment.
A 160% spike in trading volume and stop-loss cascades drove the plunge, with SUI stabilizing just above key support amid mounting November supply concerns.
The Fed's 25 basis point rate cut and Chair Jerome Powell's cautious stance led to a wave of selling, with 24-hour liquidations surging to over $1.1 billion.
As part of the partnership, Mythical will build Mythos Chain, the first layer-3 blockchain atop World Chain, the layer-2 network built on top of Ethereum.