Big show today folksWe are breaking down all of this macro news, Project Crypto, Coinbase and Strategy earnings + announcements + a lot moreJoin us live on Kick or spaces at 10 am ET!Farokh (Perma/Bull) (@farokh):Last one for the week and first of a new month!$COIN getting into prediction markets and @Strategy up $10B!The SEC with “Project Crypto” bombshell news, and more!https://t.co/vbbEfwYXXa ...

Core Points - The Nasdaq fell by 1.4%, the S&P 500 dropped by 1%, and the Dow Jones decreased by 0.9% [1] - Amazon's stock declined by approximately 7%, resulting in a market value loss of $178 billion, as the company's Q3 operating profit guidance fell short of market expectations and its cloud computing sales growth lagged behind major competitors [1] - Apple's stock rose by about 1%, with the company reporting its highest revenue growth rate in three and a half years for Q3 [1] - Coinbase's stock fell by approximately 11%, as the company's Q2 overall revenue was below expectations [1] - Software design giant Figma's stock increased by around 16%, following a previous trading day surge of 250% [1]

Coinbase跌约11%，公司二季度总体营收低于预期。 ...

Group 1: Market Trends - The global cryptocurrency market is experiencing a new wave of technological innovation, with decentralized exchanges (DEX) becoming a focal point for investors [1] - The recent activity of Bitcoin whales and the rapid expansion of the stablecoin market have led to increased recognition of the technical advantages and security features of DEX platforms [1] Group 2: Whale Activity - A Bitcoin whale, dormant for over 14 years, has become active again, selling 330 Bitcoins worth approximately $29.57 million in the past week [2] - This whale holds a total of 3,963 Bitcoins, with an acquisition cost as low as $0.37 per Bitcoin, and has recently transferred 180 Bitcoins to an address associated with several well-known trading institutions [2] Group 3: Institutional Investments - Galaxy Digital has made a significant investment in Ethereum, receiving 23,314 ETH valued at around $88.27 million, indicating institutional confidence in the Ethereum ecosystem [5] - The total value of the new wallet holding these ETH is approximately $233 million, reflecting a strong long-term outlook from institutional investors [5] Group 4: DEX Advantages - DEX platforms like XBIT.Exchange offer key advantages such as no identity verification, no asset freezing risks, and complete control over private keys, providing a safer environment for large asset transfers [2][6] - DEX platforms demonstrate unique advantages in stablecoin trading through automated execution of trading rules via smart contracts, ensuring transparency and immutability of transaction records [5] Group 5: Coinbase Performance - Coinbase reported a strong second-quarter performance, adding 2,509 Bitcoins to its holdings, bringing the total to 11,776 Bitcoins, with a fair value of $1.26 billion, a significant increase from the previous quarter [6] - The Bitcoin allocation strategy of Coinbase reflects a growing institutional confidence in the long-term value of digital assets [6] Group 6: Technological Innovation - The anonymity of transactions on DEX platforms protects user privacy, as blockchain addresses are not directly linked to real identities, despite public transaction records [7] - XBIT's decentralized trading mechanism, powered by open-source smart contracts, significantly reduces trading costs, with many trading pairs offering near-free trading experiences [7] - Users retain control of their private keys and assets stored in personal wallets, mitigating risks associated with asset freezing or misappropriation by exchanges [7]

Coinbase (NASDAQ: COIN ) announced Q2 earnings Thursday evening, disappointing investors with an adjusted EPS of $0.12, significantly below the $1.49 analyst consensus. Its net revenue came in at $1.42B, about 11% lower than expected. Losses were seen in most segments, with lower subscription and services sales, transaction revenue, andHarrison is a financial analyst who has been writing on Seeking Alpha since 2018 and has closely followed the market for over a decade. He has professional experience in the ...

Market Overview - U.S. stock futures are lower, with Dow futures dropping over 400 points on Friday [1] - Coinbase Global, Inc. shares fell sharply in pre-market trading after disappointing quarterly results [1] Coinbase Global, Inc. - Coinbase reported second-quarter revenue of $1.5 billion, a decrease of 26% quarter-over-quarter, missing the consensus estimate of $1.69 billion [2] - Adjusted earnings per share were 12 cents, falling short of the Street consensus estimate of $1.35 [2] - Coinbase shares dipped 11.2% to $335.62 in pre-market trading [2] Other Companies - Fluor Corporation's shares fell 23.1% to $43.70 after reporting second-quarter results below estimates and lowering FY25 adjusted EPS guidance [4] - Enovix Corporation declined 16.8% to $11.15 following its quarterly financial results [4] - Innodata Inc. fell 15.5% to $46.39 after releasing its second-quarter financial results [4] - Bloom Energy Corporation shares dropped 15% to $31.82 after its quarterly financial results [4] - Eastman Chemical Company fell 12.6% to $63.50 after reporting worse-than-expected second-quarter results and issuing below-estimate third-quarter adjusted EPS guidance [4] - Aeva Technologies, Inc. declined 11% to $16.60 following its quarterly results [4] - Columbia Sportswear Company fell 9.4% to $51.26 after cutting its FY25 revenue guidance [4] - Riot Platforms, Inc. dipped 9.1% to $12.19 after releasing its quarterly financial results [4] - EchoStar Corporation fell 8.8% to $29.70 following weak quarterly results [4] - Amazon.com, Inc. dipped 7.6% to $216.27 after reporting second-quarter financial results [4]

Core Insights - Coinbase is optimistic about its derivatives business roadmap, having recently launched its first perpetual contract product for U.S. retail users, with trading volume doubling week-over-week and significant growth in open interest [1][18] - The company is focusing on enhancing liquidity and trading volume in the short term, rather than immediate profitability, with plans to provide further details on revenue contributions in upcoming quarters [1][18] - Coinbase emphasizes collaboration with traditional financial institutions like Visa and Mastercard rather than competition, while also acknowledging the competitive landscape posed by decentralized protocols [1][9] Derivatives Business - Derivatives trading accounts for 75% of the cryptocurrency market, with over 90% of this activity occurring overseas [1][18] - In Q2, Coinbase reported over $1 trillion in derivatives trading volume and a record open interest of $1 billion, indicating significant progress in this area [1][18] Strategic Partnerships - Coinbase is expanding its market reach through partnerships, such as with PNC Bank and Shopify, to provide infrastructure and services to businesses entering the crypto space [5][6] - The company aims to integrate its services into major financial institutions, allowing them to leverage Coinbase's expertise without building their own complex systems [5][14] Stablecoin and Payment Solutions - The stablecoin market has seen rapid growth, with annual transaction volume increasing from nearly zero two years ago to approximately $100 billion [7][10] - Coinbase's payment solutions include a full-stack approach with low transaction fees and partnerships with trusted stablecoin providers like Circle [8][10] Tokenization and Securities - Coinbase is excited about the potential of tokenized securities, which could revolutionize the financial system by enabling real-time settlement and 24/7 trading [3][11] - The company is exploring opportunities in the tokenized securities market, although specific timelines for implementation remain unclear [3][11] User Experience and Security - Following a recent data breach, Coinbase is focusing on improving customer service and security measures, including bringing more processes in-house and investing in automation and AI [19] - The company is also enhancing its customer support infrastructure to better handle user inquiries and improve overall satisfaction [19]

Industry Adoption of Crypto - Major financial institutions like JPMorgan, PNC, and American Express are routing transactions through Coinbase/Base [1] - Bitcoin ETF custody has reached 80% [1] Market Dynamics - Banks are increasingly compelled to engage with cryptocurrency solutions [1]

Oh my god. Not only is it Friday, not only is it Friday, >> your turn is >> I get to do the five things. I get to do the five things to know ahead of the opening bell.>> Oh my. >> Shares of Coinbase are tumbling. Second quarter earnings beat estimates, but revenue fell short.Retail trading volume grew 16%, but that was below expectation. Despite uh today's decline, the stock is still up more than 50% uh over the past year. I looked I saw someone raise their price target um earlier and I just happened to loo ...

🔥 LATEST: "Excited about our next goal: becoming the everything exchange." –Coinbase CEO Brian Armstrong https://t.co/svvr70Dx6r ...