Bidders have pushed the price for a rare US dime to a staggering $250,000 – and they’re likely just getting started. If past is prologue, the online auction for this 1975 dime will close at more than half a million dollars when it ends on October 27th. The rare dime is missing the letter “S”, […]
The post $0.10 Coin Hits $295,000 at Auction – Why Investors Are Battling To Buy a Single US Dime appeared first on The Daily Hodl.
U.S. equities have joined the global downturn, following sharp declines across Asia and Europe, with Japan’s Nikkei suffering significant losses. By 11:15 a.m. EDT on Monday, the five major U.S. stock indices had fallen between 2.5% and 4.5%. This market turmoil has extended to crypto-related stocks such as Microstrategy’s MSTR and Coinbase’s COIN. The primary […]
Coinbase has marked its third consecutive quarter in the black, with its net revenue and trading volumes jumping 108% and 145%, respectively, from the prior year.
Coinbase shares rose 3.2% after hours following its latest Q2 results filing — reporting $1.4 billion in revenue in Q2 along with a hefty year-on-year increase in crypto trading volumes.
The crypto exchange reported $266 million in consumer and institutional trading volumes, up from the prior year period and in line with analyst estimates, though it was a considerable drop from the $312 billion reported in Q1.
When it came to revenue, Coinbase gained the most ground from subscription and services revenue, which includes stablecoin revenue, blockchain rewards and fees. This marked a 17% increase from Q1 and nearly doubling from Q2 2023.
During the widespread downturn in the cryptocurrency markets, publicly listed companies within the sector such as Coinbase, Microstrategy, and bitcoin mining enterprises have experienced notable declines in their stock values. Shares of Coinbase have fallen by over 21% since last month, and in the same period, Marathon Digital Holdings’ shares have dropped more than 28% […]
Crypto analyst Will Clemente believes Coinbase is “the biggest kind of venture style bet in public markets” since Tesla.
Coinbase (COIN) shares have plummeted 16% over the past five days, mirroring broader volatility in the crypto and stock markets, though one analyst suggests that investors may not be seeing the potential buying opportunity.
“The street isn’t really pricing in the crypto native revenue that I think a lot of the crypto natives understand,” crypto analyst Will Clemente said in a recent Unchained Crypto podcast.
“I think Coinbase is the biggest kind of venture-style bet in public markets since maybe Tesla about five years ago,” Clemente added.
On Thursday, Ark Invest parted ways with 133,533 Coinbase shares from its Ark Innovation exchange-traded fund (ARKK) and also disposed of 96,003 Robinhood shares from the ARKW ETF. Following these divestments, Ark Invest acquired Reddit shares for both the ARKW and ARKF ETFs. Ark’s Portfolio Pivot: COIN, HOOD Out, RDDT In This week, Cathie Wood‘s […]
Top US-based crypto exchange platform Coinbase says it will be raising $1 billion worth of convertible bonds from institutions. In a new press release, Coinbase announced today its intention to privately offer $1 billion worth of convertible notes due in 2030 to “persons reasonably believed to be qualified institutional buyers.” “The notes will be senior, […]
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Coinbase Global, Inc. has unveiled its strategy to generate $1 billion through the issuance of convertible bonds set to mature in 2030. This plan includes a provision for initial buyers to acquire an extra $150 million to address any over-allotments. Coinbase revealed that the proceeds would be allocated for “working capital and capital expenditures.” Coinbase […]
In a significant shift, Goldman Sachs has upgraded its rating on Coinbase shares from selling to neutral, citing a surge in crypto prices and record-breaking daily volumes. The adjustment to a $282 price target reflects the bank’s reassessment of the San Francisco-based crypto exchange’s revenue potential and operational strides toward profitability. Goldman Sachs Shifts Gears: […]
The chief executive of investment firm 10T Holdings says that Bitcoin (BTC) could skyrocket by over 200% this year. In a new post on the social media platform X, venture capitalist Dan Tapiero says the flagship digital asset could appreciate to between $150,000 and $200,000 this year, a gain of roughly 153% to 237% from […]
The post Venture Capitalist Dan Tapiero Predicts Bitcoin Will Explode by up to 237% This Year – Here’s His Outlook appeared first on The Daily Hodl.
