Group 1 - Broadcom shares fell over 5%, while Apple and Amazon rose over 1%, and Tesla increased by over 3%, adding $53.7 billion (approximately 378.6 billion RMB) to its market value [1] - Elon Musk's net worth reached $677 billion, making him the first person in history to surpass the $600 billion mark, previously no one had crossed $500 billion [3] - iRobot officially declared bankruptcy with a stock value of zero after finalizing its restructuring plan on December 15, resulting in a 72.69% drop in its shares [3] Group 2 - The Nasdaq Golden Dragon China Index fell by 2.17%, with major Chinese stocks declining; Baidu dropped nearly 5%, and Alibaba, Xpeng Motors, and others fell over 3% [5] - WTI crude oil futures decreased by 1.08% to $56.82 per barrel, while Brent crude oil futures fell by 0.92% to $60.56 per barrel [6] - Bitcoin fell below $86,000 for the first time in two weeks, dropping 3.3% to $85,578, approximately 30% down from its record high of over $126,000 [6][7] Group 3 - Over the past 24 hours, more than 190,000 traders were liquidated, resulting in a total loss of $670 million (approximately 4.7 billion RMB) [9] - The New York Federal Reserve's manufacturing index unexpectedly shrank to -3.9 in December, indicating a contraction in economic activity, significantly below the expected median of 10 [11][13] - Federal Reserve Governor Milan suggested that the current monetary policy is too tight and advocated for a faster pace of rate cuts, citing signs of a cooling labor market [13]

Tokenized stocks likely represent a bigger revenue opportunity for Coinbase than prediction markets, analysts at Compass Point wrote while cutting COIN's price target. https://t.co/7GdELjRewl ...

Core Insights - Coinbase is set to undergo a significant transformation from a crypto exchange to a broader fintech platform, with a "system update" event that is expected to introduce new products and features [1] Product Developments - The upcoming event will showcase new offerings in trading, payments, and onchain infrastructure, including the potential launch of prediction markets and trading of tokenized real-world assets [2] - Integration of AI agents for automating payments and subscriptions is also anticipated, allowing users to perform tasks through chatbots without manual transaction signing [3] International Expansion - The event may provide insights into Coinbase's international strategy, particularly its expansion efforts in Singapore, the European Union, and Australia, highlighting how a unified backend can facilitate regional compliance [4] Revenue Opportunities - Analysts estimate a $550 million revenue potential from new verticals such as prediction markets and tokenized stocks, although they caution that these may not significantly impact near-term earnings due to the company's sensitivity to crypto price fluctuations [5] - Optimism exists regarding the potential launch of a Base network token, which could enhance monetization opportunities for Coinbase [6] Market Performance - Coinbase's stock has declined nearly 30% since October, with a 7% drop on Monday amid a broader crypto market downturn, yet trading volumes and stablecoin market caps remain stable, indicating resilience in the ecosystem [7]

Coinbase enables direct USDC deposits and withdrawals on Polkadot.Boring to tweet. Useful to use.Pro Tips:Check out @hydration_net for DeFi.Send USDC to anyone on Polkadot in seconds for pennies.Coinbase Markets 🛡️ (@CoinbaseMarkets):Sends and receives of USDC on Polkadot are now available on https://t.co/G2Md5AXEcf & in the Coinbase iOS & Android apps. ...

Compass Point Cuts Coinbase Price Target Ahead of Expected Stocks, Prediction Market Reveal► https://t.co/TADrZluxuP https://t.co/TADrZluxuP ...

Market Overview - The cryptocurrency market experienced a significant decline, with major digital assets falling sharply and liquidations increasing, undermining expectations for a year-end "Santa rally" [1][12] - Bitcoin's price dropped over 3% in 24 hours, falling from nearly $90,000 to approximately $85,833, marking its lowest level since December 1 [2][13] - Ethereum and XRP also saw declines, with Ethereum down more than 4% to around $2,955 and XRP falling roughly 4.5% to $1.90, its weakest price this month [3][12] Liquidations - The sell-off resulted in a surge of liquidations, with approximately $573 million in crypto positions wiped out in the last 24 hours, predominantly from long positions totaling around $486 million [4][5] - Bitcoin led the liquidations with about $205 million, followed by Ethereum at approximately $156 million [5][4] Stock Market Reaction - The overall cryptocurrency market lost more than 3% of its value in a single day, contrasting with minimal movement in stock markets, where the S&P 500 was down about 0.1% and the Nasdaq slipped roughly 0.3% [7][12] Impact on Crypto-Related Stocks - Crypto-related stocks faced significant pressure, with Bitcoin miner CleanSpark falling about 15%, crypto exchange Gemini down 12%, and Ethereum treasury firm BitMine Immersion Technologies down roughly 8% [8][14] - Coinbase shares slid more than 5%, while Robinhood experienced a decline of less than 2% [8][14] Market Sentiment and Accusations - As prices fell, there were accusations of coordinated selling on social media, with claims that entities like Binance and Wintermute were involved in dumping large amounts of Bitcoin, leading to over $100 million in long positions being liquidated in minutes [9][14] - Some analysts argued that the sell-off was a result of normal liquidity flows and user-driven selling rather than manipulation [9][14] International Developments - Traders are monitoring developments from Japan, where the Bank of Japan has indicated it may start selling portions of its exchange-traded fund holdings as early as January, potentially affecting market dynamics [10][11] - The anticipated gradual sell-off of about $2.1 million to $2.3 million per year aims to avoid unsettling markets, with implications for the yen carry trade as Japanese bond yields rise [11][10]

Tokenized stocks likely represent a bigger revenue opportunity for Coinbase than prediction markets, analysts at Compass Point wrote in a Monday report while lowering the price target for COIN. Although the investment bank foresees the crypto exchange unveiling several products at an event on Wednesday, the analysts highlighted tokenized stocks and prediction markets as two areas that could help the exchange diversify sales away from fees on crypto trades. It could take years for the revenue to materialize ...

Key Takeaways COIN stock has dropped 18.5% in 3 months, underperforming its industry's 10.3% decline.Coinbase is expanding globally, adding assets, and exploring stablecoin ties with top U.S. banks.Despite strong growth plans, COIN trades at a premium and faces declining earnings estimates.Shares of Coinbase Global Inc. (COIN) have lost 18.5% over the past three months compared with its industry’s decrease of 10.3%. The sector has increased 2.3% and the Zacks S&P 500 composite has risen 4.2% in the same tim ...

智通财经APP获悉，周一，加密货币概念股走低，截至发稿，Strategy(MSTR.US)跌超5%， Coinbase(COIN.US)跌超5.4%，Circle(CRCL.US)跌超8%，Bitmine Immersion Technologies(BMNR.US)跌 超6%，SharpLink Gaming(SBET.US)跌超5%。比特币现跌0.59%，价格跌破8.8万美元关口。 ...

https://t.co/tzbIruORRc ...