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COIN Stock Trades Near 52-Week High: Buy Now or Wait for a Pullback?
ZACKSยท 2025-07-10 17:11
Core Insights - Coinbase Global (COIN) shares are trading near their 52-week high, closing at $373.85, with a year-to-date increase of 50.5%, significantly outperforming the industry and sector averages [1][9] - The company is strategically positioned to benefit from market volatility and rising crypto asset values, aiming to become the preferred platform for enterprises adopting cryptocurrency [3] - Coinbase is expanding its presence in both U.S. spot and derivatives markets, enhancing product offerings and global reach [4] Expansion and Acquisitions - Coinbase has agreed to acquire Deribit, the leading crypto-options exchange, which handled over $30 billion in open interest and $1 trillion in trading volume in 2024, positioning Coinbase as a leader in global crypto derivatives [5] - The company is entering high-potential markets like Argentina and India, while securing regulatory approvals in major financial centers such as Spain, France, Singapore, and Bermuda, to diversify revenue streams and reduce reliance on the U.S. market [6][9] Product Development and Innovation - Coinbase is launching decentralized finance (DeFi) assets on its Layer 2 solution, Base, and has initiated a $5 million bug bounty program to enhance security [10] - The company is focused on making USDC the premier dollar-backed stablecoin globally, supported by robust liquidity and strategic investments [7] Financial Performance and Valuation - Coinbase demonstrates strong fundamentals with a solid cash balance, improving leverage ratio, and a higher times interest earned ratio [11] - The Zacks Consensus Estimate for 2025 and 2026 earnings has increased by 22.8% and 3.5%, respectively, in the last 30 days [12] - The stock is currently trading at a price-to-earnings multiple of 63.7, which is higher than the industry average of 22, indicating a stretched valuation [14]
Hyper Bit Announces Third Draw from Bit Royalty Credit Facility to Purchase Bitcoin
Newsfileยท 2025-07-10 12:30
Core Viewpoint - Hyper Bit Technologies Ltd. is expanding its cryptocurrency treasury by drawing funds from Bit Royalty to acquire Bitcoin and other top cryptocurrencies, indicating a bullish outlook on the crypto market [1][4]. Group 1: Financial Arrangement - Hyper Bit has made a third draw request of C$50,000 from Bit Royalty, bringing the total to C$150,000 to date for acquiring Bitcoin [1]. - Bit Royalty provides a credit facility of up to CAD $1,000,000, which can be advanced in multiple tranches, with an interest rate of 10% [2][5]. - The facility includes a custodial fee of C$5,000, which is also convertible into common shares of Hyper Bit [5]. Group 2: Strategic Goals - The agreement with Bit Royalty allows Hyper Bit to purchase a variety of top trading cryptocurrencies as treasury assets, enhancing its portfolio [3][4]. - Hyper Bit aims to systematically expand its cryptocurrency holdings and maximize potential growth through strategic partnerships and financing [4][9]. Group 3: Compliance and Regulations - All transactions will comply with applicable Canadian securities laws and the policies of the Canadian Securities Exchange [4]. - Securities issued in connection with the facility will be subject to a statutory four-month-and-one-day hold period [6].
DeFi Dev Corp. Acquires 153,225 SOL, Becoming the Largest Public Holder of Solana
Globenewswireยท 2025-07-10 12:30
Core Viewpoint - DeFi Development Corp. has established itself as the largest treasury holder of Solana (SOL) by acquiring a significant amount of SOL and implementing a treasury strategy focused on accumulating and compounding SOL [1][4]. Group 1: Recent Transactions - The company purchased 153,225 SOL at an average price of $154.85, totaling approximately $23.72 million [1]. - The recent acquisition was partially funded by $9.65 million in net proceeds from the exercise of the greenshoe option related to a previous convertible note offering [2]. Group 2: Current Holdings and Metrics - As of July 10, 2025, DeFi Development Corp. holds approximately 846,630 SOL and SOL equivalents, valued at around $133.1 million [8]. - The total shares outstanding are 18,577,134, resulting in a SOL per share (SPS) of 0.0456, equivalent to $7.16 [8]. Group 3: Treasury Strategy and Operations - The company has adopted a treasury policy that allocates its principal holdings to SOL, providing investors with direct economic exposure to SOL while participating in the Solana ecosystem's growth [4]. - DeFi Development Corp. operates its own validator infrastructure to generate staking rewards and fees, further enhancing its treasury strategy [4].
X @Decrypt
Decryptยท 2025-07-10 02:01
DeFi Lending - DeFi lender deploys $1 million for student loans to the Philippines and Indonesia [1] Potential Risks - The report questions the cost associated with these loans [1]
X @Messari
Messariยท 2025-07-09 18:59
Join @SteimetzKinji on Nasdaq #TradeTalks to discuss stablecoins and innovative payment solutionsTradeTalks (@TradeTalks):.@OffchainLabs @MessariCrypto @hedera & Dr. Merav Ozair join @Nasdaq #TradeTalks to discuss how stablecoins, tokenization, and innovative payment solutions are fundamentally evolving the roles played by both traditional and decentralized finance. https://t.co/6fpBQwuakp ...
X @Token Terminal ๐
Token Terminal ๐ยท 2025-07-09 14:23
RT Token Terminal ๐ (@tokenterminal)โ๏ธ๐ฑTop 10 fee-generating DEXs:1. @PancakeSwap2. @Uniswap3. @pumpdotfun4. @AxiomExchange5. @RaydiumProtocol6. @AerodromeFi7. @orca_so8. @phantom9. @CurveFinance10. @QuickswapDEX https://t.co/Qcs4qXwSzO ...
Ripple CEO Brad Garlinghouse: The world isn't going to be taken over by crypto
CNBC Televisionยท 2025-07-09 14:01
You still need a you still want a banking license, right. Even though you have this deal with with BNY. Well, yes is the short answer.We don't we have pursued uh and requested application to apply for an OC license as well as a Fed master account. We think that the key here for crypto and the kind of decentralized finance as many people call it. Ripple has been building bridges between traditional finance and decentralized finance.The world isn't going to be taken over by crypto. Instead, we think about how ...
DeFi Dev Corp. Integrates DoubleZero Into Validator Operations
Globenewswireยท 2025-07-09 12:30
BOCA RATON, FL, July 09, 2025 (GLOBE NEWSWIRE) -- DeFi Development Corp. (Nasdaq: DFDV) (the โCompanyโ) the first public company with a treasury strategy built to accumulate and compound Solana (โSOLโ), today announced it has integrated DoubleZero into its validator operations. This marks an early step in evaluating advanced observability and monitoring solutions designed to improve validator performance and network resilience. DoubleZero is a global fiber network for high-performance distributed systems, d ...
BitMine Immersion Technologies Closes $250 Million Private Placement to Advance its Treasury Strategy on Ethereum
Prnewswireยท 2025-07-09 12:00
Core Viewpoint - BitMine has successfully closed a $250 million private placement to adopt Ethereum (ETH) as its primary treasury reserve asset, aiming to strengthen the Ethereum ecosystem [1][2]. Group 1: Private Placement Details - The private placement was funded through a combination of cash and cryptocurrency, with participation from notable investors such as Founders Fund, Pantera, and Kraken [1]. - The proceeds will be used to purchase ETH, allowing BitMine to implement its Ethereum treasury strategy while maintaining core business operations [2]. Group 2: Ethereum Treasury Strategy - BitMine's strategy involves increasing the amount of ETH held per share and leveraging the value of ETH through reinvestment and capital market activities [3]. - The company aims to contribute to Ethereum's economic security by staking a growing share of ETH, which is expected to attract institutional capital and enhance demand for ETH [3]. Group 3: Market Context - The stablecoin market is projected to grow to $2 trillion, with Ethereum being the primary blockchain for stablecoin transactions, positioning BitMine to benefit from this growth [2]. - The adoption of stablecoins by consumers and financial services providers underscores the relevance of Ethereum in the current market landscape [2]. Group 4: Company Overview - BitMine focuses on accumulating cryptocurrencies for long-term investment, with operations in Bitcoin mining and advisory services related to Bitcoin [7]. - The company operates in low-cost energy regions, enhancing its operational efficiency [7].
MEME Coins Inc. Finalizes DOG Token Acquisition from Tipestry Inc.
Globenewswireยท 2025-07-09 08:20
Core Insights - Dogecoin Cash Inc. has completed the acquisition of 2 billion Dogecoin Cash (DOG) tokens from Tipestry Inc. in exchange for 250,000 shares of MEME Class A Preferred Stock [1][2] - This acquisition increases Dogecoin Cash's total DOG holdings to 4,020,000,000 tokens, combining direct holdings and those through its subsidiary MEME Coins Inc. [2] Company Overview - Dogecoin Cash, Inc. (OTCQB: DOGP) operates in the medical cannabis telemedicine sector through its subsidiary PrestoDoctor and holds patented cannabis products [4] - The company is also involved in blockchain innovation and aims to leverage digital assets and decentralized finance (DeFi) solutions to create new market opportunities [4] Strategic Objectives - The acquisition aligns with MEME Coins Inc.'s goal to develop a blockchain-aligned infrastructure and token reserve, supporting potential blockchain-related initiatives [2]