Good morning to everyone who has set a reminder.https://t.co/tzbIruORRc ...

Kelsey clarified that “we are not encouraging individuals to invest in risky assets,” adding that the onboarding process included warnings about the downsides of investing in other cryptocurrencies.“If this is being funded in crypto there are some strings attached,” Allen told Bloomberg. “Stablecoins are less volatile than Bitcoin, but I would say that giving money in this way is very much designed to make it easier to take that money to bet on Bitcoin, because it's going to be sitting as crypto in a crypto ...

Coinbase Global, Inc. (NASDAQ:COIN) is one of the stocks Jim Cramer recently looked at. During the episode, a caller sought Cramer’s thoughts on the stock, and he replied: “Okay, Coinbase is deeply linked to the price of Bitcoin. It’s one of the many stocks that I talk about that frankly is just completely… linked and all those other stuff. I think Bitcoin’s bouncing probably to 97 to 98,000. And you know what? I think you should scale out of that thing on the way up. You just had a nice gain in the last ...

Core Insights - Hopes for a rate cut by the Fed have positively impacted stocks and the crypto market, with Bitcoin rebounding from recent lows [1] - Coinbase (COIN) is currently 38% below its 52-week high, while Strategy (MSTR) is nearly 60% off its one-year peak [2] Market Dynamics - Bitcoin's price had previously surged to over $120,000 following its halving cycle in 2024, raising concerns about a potential bubble [4] - Broader risk factors affecting Bitcoin include macroeconomic pressures, leveraged liquidations, and weak investor sentiment [3] Company Performance - Coinbase's annual sales are projected to grow by high double digits in fiscal years 2025 and 2026, with estimates exceeding $8 billion [7] - However, Coinbase's profitability is expected to decline next year due to higher expansion costs, with FY26 EPS projected at $5.87 [8] Strategy's Financial Outlook - Strategy's potential FY25 EPS is projected at $78.04, a significant increase from earlier expectations of a loss [10] - FY26 EPS estimates for Strategy have risen dramatically to $51.60 from previous expectations of -$0.40 [11] Valuation and Investment Sentiment - Despite positive EPS revisions for Strategy, the stock is rated Zacks Rank 3 (Hold), indicating caution in the current market [14] - Coinbase's valuation at 34X forward earnings appears more reasonable compared to past premiums, but the trend in EPS revisions does not suggest a strong rebound [13]

Cryptocurrency Market Overview - Leading cryptocurrencies experienced declines on Thursday despite key stock indexes rising, driven by expectations of interest rate cuts [1] - Bitcoin fell by 1.04% to $92,460.85, while Ethereum dropped 1.77% to $3,156.33, and XRP decreased by 4.30% to $2.10 [2] - The global cryptocurrency market capitalization decreased by 0.92% to $3.14 trillion [7] Trading Activity - Bitcoin's trading volume fell by 19% over the last 24 hours, indicating a loss of momentum in its recent rebound [3] - Ethereum faced resistance at $3,220, dropping to $3,070 before regaining some ground [3] - Cryptocurrency liquidations reached $266 million in the last 24 hours, with long liquidations accounting for nearly $80 million [5] Market Sentiment and Predictions - The cryptocurrency market is currently characterized by high fear and volatility, with predictions that Bitcoin's next significant expansion cycle may not occur until 2026 [6] - Analysts have identified key resistance levels for Bitcoin at approximately $92,000 and for Ethereum between $3,100 and $3,150, suggesting potential future price movements [10][11] Stock Market Performance - Shares of cryptocurrency-related companies, such as Strategy Inc. and Coinbase Global, saw declines of 1.26% and 1.04%, respectively [4] - Major stock indexes, including the S&P 500 and Nasdaq Composite, extended their gains, with the S&P 500 closing up 0.11% [8]

Solana and Base are now connected thanks to a new bridge secured by Chainlink's interoperability protocol and crypto exchange Coinbase. https://t.co/SJGPKA8GID ...

coinbase just launched the base-solana bridge secured by chainlink ccip. base processed 14.1% of all crypto transactions last month, solana pulled $460m from other chains. coinbase now owns the toll booth between the two fastest ecosystems and captures fees on 100m users flowing to solana defi through their infrastructure ...

Coinbase incubated Ethereum L2 Base network rolls out bridge to Solana https://t.co/Jhaei0AzeG ...

We're here now in Anglewood Cliffs, New Jersey, CNBC's headquarters. But earlier, you were at the New York Stock Exchange in Manhattan, where SEC chair Paul Atkins rang the opening bell. He also facilitated a meeting and you participated in that meeting.What was the big takeaway for you. Well, it was a privilege to join uh Chairman Atkins and other uh corporate leaders to talk about how to make the IPO process and the process for life as a public company more efficient, more effective, better for investors, ...

Group 1 - The SEC is focused on making the IPO process and public company operations more efficient and effective for both investors and companies, with a strong vision for reforms [2][4] - The SEC plans to allow innovation exemptions for crypto activities, which could enhance the public market participation of innovative companies [3][5] - There is a bipartisan effort in Congress to finalize crypto market structure legislation, with significant progress made earlier this year on stable coin legislation known as the Genius Act [6][7][20] Group 2 - The upcoming markup session on the bipartisan crypto market structure bill aims to resolve outstanding issues and establish clear definitions for digital asset securities [10][11] - The draft legislation from the Senate Agriculture Committee suggests increased regulatory authority for the CFTC over crypto, but lacks clear guidelines on DeFi protections [12][14] - Lawmakers are urged to act on crypto legislation to meet the expectations of the 52 million Americans who own digital assets, emphasizing the importance of timely action before the end of the year [15][16] Group 3 - Coinbase's transparency report highlights a significant increase in law enforcement requests, with over 13,000 requests received, more than half from international jurisdictions [26][28] - Coinbase emphasizes its commitment to protecting customer interests while cooperating with law enforcement to combat crypto-related crime [29][30] - The company is planning to launch a new product, potentially related to prediction markets, and is actively engaging with lawmakers on this topic [32][34] Group 4 - The company anticipates celebrating the passage of new market structure legislation in the upcoming year, while also preparing to address additional regulatory issues such as tax policy and anti-money laundering rules [35][36]