🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 5,869 #BTC (504,704,124 USD) transferred from #Coinbase to unknown new wallethttps://t.co/tlouBixrUM ...

Market Performance - On Monday, major U.S. stock indices collectively declined, with the Dow Jones down 0.09% at 48,416.56 points, the Nasdaq down 0.59% at 23,057.41 points, and the S&P 500 down 0.16% at 6,816.51 points [1][2]. Tesla Highlights - Tesla's stock rose over 3%, reaching a nearly one-year high, with a market value increase of over $53 billion in one night [1][4]. - CEO Elon Musk's net worth surpassed $600 billion, making him the first person in history to achieve this milestone [4]. iRobot Situation - iRobot's stock plummeted over 72% after the company filed for bankruptcy protection, planning to be taken over by its main Chinese supplier and manufacturer, leading to its delisting [1][5]. Chinese Stocks Performance - The Nasdaq Golden Dragon China Index fell by 2.17%, with notable declines in stocks such as Baidu (down nearly 5%) and Alibaba (down over 3%) [1][7]. Nasdaq Trading Mechanism - Nasdaq plans to submit a proposal to the SEC to introduce a near-around-the-clock trading mechanism, extending trading hours from 16 to 23 hours per week [1][14]. - The new trading schedule would include two trading periods: a daytime session starting at 4 AM and ending at 8 PM, and a night session from 9 PM to 4 AM [14][15].

Core Viewpoint - In 2024, Carvana, Robinhood, and Coinbase, which were on the brink of bankruptcy in 2022, achieved full profitability and were included in the S&P 500 index, marking a significant turnaround from being market outcasts to core assets [1][3]. Group 1: Company Transformations - Carvana's stock price surged by up to 11,000% from its low, and it is set to join the S&P 500 index, highlighting a major market shift [3]. - Coinbase and Robinhood were also included in the S&P 500 index earlier in 2024, indicating their recovery from the 2022 bear market [3][4]. - The dramatic recovery of these companies is attributed to their strategic shift from aggressive expansion to a profitability-focused approach [3][4]. Group 2: Financial Performance - Carvana's annual losses peaked at nearly $2.9 billion in 2022, but it achieved its first annual profit in 2024, with record revenue and gross profit per vehicle [5]. - Robinhood's revenue fell by 25% in 2022, but operational expenses decreased by 31%, allowing it to achieve its first annual profit in 2024 [6][8]. - Coinbase's Q3 revenue surged by 54% to $1.87 billion, with net profit rising from $0.28 per share to $1.50 per share year-over-year [9][10]. Group 3: Market Position and Future Outlook - Carvana's CEO expressed confidence in the company's resilience and potential growth in market share from 1.5% to 12% by 2040 [5]. - Robinhood is evolving into a "super app" with new features, indicating a mature understanding of institutional investor demands [8]. - Coinbase is compared to "AWS of the blockchain space," benefiting from regulatory developments and strong institutional client services [9][10].

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New products.New era of Coinbase.December 17, 2PM PT, live on 𝕏. https://t.co/8nbieimEn7 ...

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 ...