📈Coinbase 🛡️ (@coinbase):$0 → $1B challenge complete.One billion dollars of onchain loans have been generated through Coinbase, using BTC as collateral. Powered by @MorphoLabs. https://t.co/1Tk14WWLT5 ...

Translated it for you. https://t.co/xpbXsKFn0O ...

Seriously, big banks want to undo law to take away your crypto rewards - don't let them.Click here to make your voice heard and stop another bank handout. ↓https://t.co/LCCbVOsk8x ...

Core Thesis - Coinbase Global, Inc. is experiencing growth driven by onchain transparency and stablecoin revenue, with a current share price of $320.07 and trailing and forward P/E ratios of 30.84 and 46.51 respectively [1] Financial Performance - Coinbase reported Q2 revenue of $1.497 billion, slightly below the Street's estimate of $1.594 billion, with trading revenue being the largest segment at $710 million, despite a 41% decline in total volumes from Q1 [2] - Retail trading volumes accounted for 20% of activity, generating $645 million at a 1.4% take rate, while institutional trading contributed $65 million [2] Revenue Breakdown - The fastest-growing component was stablecoin revenue, with USDC's market cap increasing by 36.7% to $60 billion, leading to an estimated $396 million in revenue for Coinbase [3] - Blockchain rewards, primarily from ETH staking, added $159 million, while Coinbase's Layer 2, Base, contributed $57.82 million from transaction fees [3] - Other subscription and service revenue totaled $117 million, down from Q1, while interest income rose by 12% to $72 million due to an expanded treasury position [3] Business Model Diversification - The combination of trading, staking, stablecoin, Base, subscriptions, and interest sources illustrates the diversification of Coinbase's revenue model, highlighting a structural advantage in utilizing transparent onchain data for revenue estimation [4] Comparative Analysis - A bullish thesis on Coinbase shares similarities with a previous analysis on Robinhood Markets, emphasizing the importance of onchain transparency and stablecoin-driven growth [5]

Core Insights - Centralized exchanges (CEXs) are evolving from mere trading platforms to regulated financial services, indicating a structural shift in market access for institutions and consumers [1][2] - The rise of decentralized exchanges (DEXs) is notable, with perpetual DEXs surpassing $2.6 trillion in trades in 2025, highlighting their growing appeal due to custody-free leverage and speed [1] Group 1: IPO and Market Dynamics - Kraken has raised $500 million to expedite its IPO, while Gemini has capped its proceeds at $425 million due to high demand [3] - Revolut is contemplating a $75 billion dual listing on both the London and New York stock exchanges, which would be a historic debut on both FTSE100 and NYSE simultaneously [3][4] - Revolut, valued at $75 billion with 65 million users, has raised $3.77 billion to expand into crypto, brokerage, and banking sectors [4] Group 2: Exchange Evolution and User Engagement - Exchanges are transitioning into multi-service hubs, with liquidity concentrated in the top five venues while challengers expand regionally [5][6] - Coinbase has launched the Base App, integrating trading, payments, and social features, while LINE NEXT and Kaia have introduced Unify for stablecoin payments in Asia [7] Group 3: Regulatory Landscape and Institutional Demand - The CME has noted increasing institutional demand for derivatives, favoring exchanges that offer integrated services for spot, futures, and tokenized assets [8][9] - PwC has indicated that CEXs may be classified as systemically important, which would subject them to bank-like regulations, potentially increasing costs but enhancing credibility [9]

🚨 🚨 🚨 🚨 459,823 #SOL (95,348,470 USD) transferred from unknown wallet to #Coinbasehttps://t.co/X4tuUXARI8 ...

Tomorrow, we open the doors to Coinbase House at @token2049. https://t.co/Iv1YEkYdK2 ...

🚨 94,565,083 #DOGE (21,714,279 USD) transferred from unknown wallet to #Coinbasehttps://t.co/qbOoCR2mgk ...

Market Overview - The U.S. stock market is expected to open cautiously, with major index futures indicating a slight pullback due to concerns over a potential government shutdown and upcoming economic data releases [1][2] - September has been a positive month for major indexes, with the Nasdaq Composite gaining approximately 5.3%, the S&P 500 advancing around 3.1%, and the Dow Jones Industrial Average rising about 1.7% [3] Premarket Trading and Futures Movements - S&P 500 futures were down approximately 0.18% to 0.2%, Dow Jones Industrial Average futures declined around 0.18% to 0.23%, and Nasdaq 100 futures edged lower by about 0.16% to 0.21% [2] Corporate Earnings and Stock Movements - Nvidia (NVDA) shares rallied over 2% on Monday, settling above the $180 level, and rose 1% in premarket trading [6] - Electronic Arts (EA) surged after reports of a $55 billion going-private leveraged buyout deal, with the stock jumping 15% on Friday and climbing a further 4.5% on Monday [6] - Intel (INTC) shares were down almost 3% on Monday after a significant 20% surge last week [10] - Robinhood Markets (HOOD) saw its shares surge over 12% on Monday, closing at an all-time high [10] - Western Digital (WDC) rose 9.2% and Seagate Technology (STX) added 5.3% after analysts raised price targets due to growing demand for hard drives to support AI [10] - Coinbase Global (COIN) gained 6.8% as major cryptocurrencies moved higher [10] - Lam Research (LRCX) shares rose 3.3% after Deutsche Bank upgraded the company to a "Buy" rating [10] - Novo Nordisk (NVO) dropped 3% after receiving a downgrade to "Underweight" [10] - The energy sector was the worst-performing sector in the S&P 500 on Monday, declining 1.9% [10] Upcoming Economic Data - Key reports to be released include the Job Openings and Labor Turnover Survey (JOLTS) for August, Consumer Confidence Report for September, and Chicago Region's Business Activity Data for September [6] - The JOLTS report is expected to provide insights into labor market health, while the Consumer Confidence Report will reflect household sentiment amidst inflation concerns [6]

🚨 UPDATE: Coinbase Derivatives to launch $SUI futures on October 20, expanding its suite of futures products. https://t.co/eSDT4lRdBb ...