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Coinbase hit with 50% price target cut as post-earnings rout deepens

Slowing trading activity and fallout from the Binance hack are clouding Coinbase’s revenue prospects, prompting Morgan Stanley to lower its rating on the stock. Investment bank Morgan Stanley turned bearish on Coinbase (COIN) on Monday, cutting its price target by more than half as it warned that the cryptocurrency exchange’s profits could recover more slowly than expected. Analyst Michael Cyprys lowered the stock’s price target from $258 to $120, a cut of about 53%, citing recent trading trends, a softer revenue outlook and uncertainty in the crypto market following Binance’s $6.3 billion hack, according to a Monday report. The bank still sees Coinbase as one of the strongest competitors in crypto but expects profits to recover more slowly than previously forecast, putting further pressur…

Read at Cointelegraph.com

Coinhub Funded Goes Live: Crypto Prop Firm Offers Funded Trading Accounts Up to $200K & 30-Minute Tournaments

[PRESS RELEASE – Charlestown, Saint Kitts and Nevis, November 3rd, 2026] Trade 28+ crypto pairs plus forex, indices, metals and commodities on a funded account with payouts in USDT every 14 days, and compete against other traders at the Tokyo, London and New York opens. Code LAUNCH takes 25% off any challenge through November. Coinhub …

Read at CryptoPotato

Bitcoin risks drop below $76K as 7% oil slide fails to spark BTC price rally

Bitcoin fell around 1.7% on Monday as stocks pared early gains fueled by hopes of a diplomatic resolution to the US-Iran war. Bitcoin (BTC) returned below $77,000 after Monday’s Wall Street open as crypto shrugged off hopes of a US-Iran peace deal. Key points: Data from TradingView showed BTC/USD extending daily losses to 1.7% after reaching a local high of $78,750 after Sunday’s weekly close.

Read at Cointelegraph.com

Sam Altman ChatGPT AI Predicts a Huge Bitcoin Crash: Can BTC Really Go This Low?

Something potentially severe could be approaching for Bitcoin by January 1, 2027. Sam Altman’s ChatGPT AI predicts that in the event of an intentionally extreme, over-the-top downside scenario, BTC USD price could crash to incredible new lows, just as Tucker Carlson warns that the US could be gearing up to drop a nuke on Iran.

Read at Cryptonews.com

Mercado Bitcoin wallets show post-hack transfers after $46M theft

Brazil’s exchange Mercado Bitcoin paused deposits and withdrawals after a security breach, saying customer funds and data were safe. Mercado Bitcoin, one of Brazil’s largest cryptocurrency exchanges, confirmed a security incident on Monday that blockchain analysts estimated drained more than $46 million from its wallets. Despite the company’s announcement that it had suspended deposits and withdrawals, addresses associated with the incident continued to receive funds for hours afterward. Senior security engineer at Certik, Dickson Wu, published an initial post-mortem of the incident, saying the attackers “picked at eight small chains for four hours,” including Base, Optimism and Arbitrum. The attack then moved to the company’s main hot wallets before transferring tiny amounts of Ether (ETH…

Read at Cointelegraph.com

BNB’s $99 million ETF inflows came almost entirely before Binance’s hack

BNB exchange-traded funds (ETFs) led October inflows among US-listed spot crypto ETFs tracked by SoSoValue, with the largest allocation arriving weeks before Binance suffered a record $6.3 billion cryptocurrency hack. The US-listed VanEck BNB ETF attracted $99 million during the month, ahead of $35 million for NEAR and $19 million for XRP, according to SoSoValue… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

Read at CryptoSlate

Animoca Brands clears final hurdle for Abu Dhabi fund management

The former mobile games company is building out its fund management business in Abu Dhabi as it targets institutional demand for stablecoins and tokenized assets. Animoca Brands said Monday it had secured approval to manage investment funds for non-retail clients in Abu Dhabi, expanding the asset management business of a company that began in mobile games before moving into blockchain gaming and venture investing. The authorization, granted to subsidiary Animoca Asset Management (AD) Limited by Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA), allows it to oversee funds that pool money from professional investors rather than the general public. The approval announced Monday took effect on Oct. 13, bringing a process that began with in-principle approval in November…

Read at Cointelegraph.com

Anthropic Claude AI Predicts a Historic Move for Bitcoin Cash: How High Can It Go?

Anthropic’s Claude AI predicts an exceptionally bullish move for Bitcoin Cash (BCH) by January 1, 2027. It suggests a price range of $2,000 to $4,000, with a possible stretch target above $5,000 if a full-fledged crypto bull market returns and a major catalyst emerges.This scenario envisions a robust bull market in late 2026, driven by …

Read at Cryptonews.com

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