Z Highlights 开场：科技大厂竞相布局AI支付，真正的拐点浮出水面 AI圈恐怕是现在最无休无眠的战场了，各个科技大厂在模型侧的军备竞赛还在如火如荼进行，一个崭新的战场——AI支付又慢慢浮出水面。Stripe宣布将推 出自己的支付L1，Tempo，Paypal宣布投资了Kite.AI，而就在前几天，Google宣布将推出自己的开源支付协议Agent Payments Protocol(AP2, 智能体支付协 议），并将于Coinbase之前推出的X402一起合作，将X402整合到Google自己开发的A2A框架中去。 随着AI的逐渐发展，业界对于AI能力边界和商业化的思考也逐渐进入了下一个阶段，越来越多的人开始认识到，支付能力对于Agent来说是必不可少的，因 为支付并不是一个单纯的功能，在这背后所代表的是，当Agentic AI成为了新的互联网"一等公民", 会松动传统的电商运营，广告与分发以及互联网金融的 根本逻辑，以及催生出新的，以AI为核心的Agentic Commerce。 本文将会深度分析现在AI支付领域两大巨头的最新进展：Google的AP2以及Coinbase的X402，从这里入手，分 ...

RT THE ROLLUP (@therollupco)We asked @delitzer (investor at @nascent) about the BASE network token."You think @brian_armstrong doesn't want to have a stock called COIN and a coin called BASE?""A friend of mine, @mosayeri, put out a tweet the other day proposing this kind of @AerodromeFi-inspired model that they could use.""This is a very big thing to take a shot on.""Coinbase is very good at following and staying up with what's going on in the ecosystem and then finding the right partners to work with." ...

Today, crypto prices are moving lower as we head into the weekend. NBA star Kevin Durant regains access to his Coinbase account and the head of E Toro US breaks down how meetings on Capitol Hill pushing for crypto legislation went this week. Welcome to CNBC's Crypto World.I'm Mackenzie Sagallos. Crypto prices are in the red to end the week with Bitcoin sliding to just under $116,000 as of noon Eastern. Meanwhile, Ether and XRP both dropped around 3%.Now, for the week, major cryptocurrencies breaking with th ...

Core Insights - The Federal Reserve's interest rate cut is expected to benefit Coinbase Global (COIN) as it encourages investors to seek higher returns in riskier assets like cryptocurrencies [1][8] - Coinbase is well-positioned in the crypto market, offering a comprehensive financial account for consumers and a full-service prime brokerage for institutions [3][4] - Increased trading volume, driven by the shift towards equities and digital assets, is likely to enhance COIN's transaction revenues, which constitute over 50% of its top line [4][8] Company Positioning - Coinbase's strategic growth initiatives and its status as a leading "everything exchange" position it to capitalize on market opportunities [4] - The company benefits from a pro-crypto environment under the current administration, which has eased regulatory controls [2] Peer Analysis - Robinhood Markets (HOOD) is expected to see increased trading activity and transaction-driven revenues due to lower yields on traditional savings and bonds [5] - Circle Internet Group (CRCL) may face compressed reserve income from reduced rates but could benefit from increased stablecoin adoption [6] Financial Performance - COIN shares have appreciated by 38.5% year-to-date, outperforming the industry [7][8] - The company's price-to-earnings ratio stands at 52.56, significantly above the industry average of 25.71, indicating a potentially expensive valuation [10] Earnings Estimates - The Zacks Consensus Estimate for COIN's third-quarter 2025 EPS has decreased by 1 cent, while estimates for the fourth quarter and full-year 2025 remain unchanged [11] - Revenue estimates for 2025 and 2026 indicate year-over-year increases, while EPS estimates show a decline [12]

Core Insights - Coinbase has launched a lending product that offers returns of up to 10.8% on USDC deposits, with a temporary boost from DeFi lender Morpho [1][2] - Approximately 6% of the product's returns are derived from Morpho's platform, while an additional 5% is enhanced by the protocol itself [1] - The lending product's competitive yields have raised questions among users, reflecting the lingering concerns from the crypto lending contagion of 2022 [3][4] Product Details - The lending product's advertised return is significantly lower than the 20% returns previously offered by Anchor Protocol before its collapse in 2022 [4] - Morpho operates on Ethereum and Coinbase's layer-2 network Base, allowing users to create customizable markets for overcollateralized loans [6] - Steakhouse Financial is responsible for curating the vaults where users deposit funds, managing risk, and allocating USDC to various markets [6] Performance Metrics - The only vault associated with Steakhouse on Morpho's Base had $24 million in USDC deposits, offering an annual percentage yield of 5.87% and a 25% performance fee [7] - Over 98% of the vault's funds were allocated to lending markets for wrapped Bitcoin and Ethereum, including Coinbase's cbBTC and cbETH products [7]

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Kevin Durant forgot his Coinbase Global, Inc. (NASDAQ:COIN) password, which turned into an unexpected blessing. The NBA star, who first started buying Bitcoin (CRYPTO: BTC) during his Golden State Warriors days in 2016, still hasn't regained access to his account, according to CBNC. Durant's Bitcoin Journey According to his longtime business partner and agent, Rich Kleiman, Durant became curious about cr ...

Coinbase will be the first crypto bank.I have said it before and I’m telling you again.Max Branzburg (@maxbranzburg):The Coinbase app now offers a powerful set of onchain financial services:- Lend USDC to earn ~11% APY- Borrow USDC against BTC at ~7%- Trade tens of thousands of assetsWe are bringing onchain finance to 100M+ users on Coinbase ...

🚨 CMC News: Coinbase Launches $USDC On-Chain Lending Feature With 10.8% Yields.🔗 https://t.co/Q0A2pBd0jJ https://t.co/SbJEIea3iN ...

Buy it here ↓https://t.co/YMJKBCpvk0 ...

🚨 487,468 #COMP (21,851,983 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/HrQNSDSBTD ...