Reminder: Join us at 10AM PT for a live community Q&A.Coinbase 🛡️ (@coinbase):We'll be hosting a Q&A following our Q2 financial results this week.Live on 𝕏, on August 1 at 10AM PT.Got questions for @brian_armstrong and Alesia Haas? Comment below. https://t.co/mFGFr2lZAg ...

Core Viewpoint - Coinbase reported a significant decline in quarterly profit, leading to a sharp drop in its stock price, primarily due to reduced trading activity in the crypto market [1][4][5]. Financial Performance - Adjusted net income for the quarter was $33 million, or 12 cents per share, down 89% from $294 million, or $1.10 per share, in the same quarter last year [5]. - Total revenue was $1.5 billion, which fell short of Wall Street's expectations of $1.59 billion [5]. - Consumer spot trading volume decreased by 45% to $43 billion, while consumer trading revenue dropped 41% to $650 million [4][5]. Market Reaction - Following the earnings report, COIN shares were trading at $320.93, reflecting a 15.04% decline [3]. - The earnings miss was substantial, with a 92% shortfall compared to the expected earnings of $1.51 per share [5]. Positive Aspects - Revenue from the subscription and services unit increased by 9.5% to $656 million, driven by stablecoin-related activities [6]. - Stablecoin revenue rose to $332.5 million in the second quarter, up from $240.4 million a year earlier, aided by new legislation [6]. Analyst Outlook - Citizens JMP maintained a price target of $440 for COIN, suggesting a potential 36% upside from current levels despite the poor results [7]. - TipRanks indicates an average target price of $383.29 for COIN over the next 12 months, with the most optimistic analysts predicting a price of $510.00 [10].

Bernstein says Q2 is the 'quarter that doesn't matter' for Coinbase as stock tumbles 15% post-earnings https://t.co/KZ7PTVercF ...

Live on Kick talking this market dip, jobs report, rate cuts, COIN and MSTR + a lot morehttps://t.co/mR4ZZM6Jb2 ...

智通财经APP获悉，周五，加密货币概念股集体重挫，Coinbase(COIN.US)、Riot Platforms(RIOT.US)大 跌逾13%，Robinhood(HOOD.US)跌超8%，Circle(CRCL.US)、MARA Holdings(MARA.US)跌超5%。消 息面上，美国最大加密货币交易所Coinbase第二季度利润激增至14亿美元，主要得益于其对Circle Internet Group投资获得的巨额收益，但收入未达华尔街预期。 Coinbase二季度财报显示，第二季度每股收益达5.14美元，远超去年同期的0.14美元。利润暴增主要源 于稳定币供应商Circle 6月IPO表现强劲，为Coinbase带来税前投资收益。尽管利润大幅增长，但 Coinbase总收入仅从去年同期的14亿美元增至15亿美元，低于分析师预期的15.9亿美元。与第一季度相 比，收入环比下降26%，从超过20亿美元降至当前水平。 ...

Core Viewpoint - Cryptocurrency-related stocks experienced a significant decline, with major players like Coinbase and Riot Platforms dropping over 13% due to mixed earnings results and market reactions [1] Company Performance - Coinbase reported a substantial profit increase in Q2, reaching $1.4 billion, primarily driven by significant gains from its investment in Circle Internet Group [1] - The earnings per share for Coinbase in Q2 was $5.14, a notable rise from $0.14 in the same period last year [1] - Despite the profit surge, Coinbase's total revenue only increased from $1.4 billion in the previous year to $1.5 billion, falling short of Wall Street's expectations of $1.59 billion [1] - Revenue saw a quarter-over-quarter decline of 26%, dropping from over $2 billion in Q1 to the current level [1] Market Reaction - The overall market reaction to Coinbase's earnings report was negative, leading to a collective drop in cryptocurrency stocks, with Coinbase and Riot Platforms both falling over 13% and Robinhood down more than 8% [1] - Other companies in the sector, such as Circle and MARA Holdings, also experienced declines of over 5% [1]

Group 1 - Cryptocurrency concept stocks experienced a collective decline, with Coinbase dropping over 16% [1] - Riot Platforms saw a significant drop of more than 18% [1] - Other companies such as Circle and Robinhood also faced declines, each falling over 8% [1]

每经AI快讯，8月1日，Coinbase跌约11%，公司二季度总体营收低于预期。 ...

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]