#USELESS coin on one of Indonesia's largest crypto exchanges 👀indodax (@indodax):We are pleased to announce a new Crypto Asset that will be added to the INDODAX marketplace, Useless Coin (USELESS) @theuselesscoin, Aura (AURA) @auracoinsolana, Vine Coin (VINE) @VineCoinproject, Sahara AI (SAHARA) @SaharaLabsAI, AUSD (AUSD) @withAUSD, and Diverge Loop (DLC) https://t.co/spFyyvSKLP ...

Key Takeaways Coinbase's $2.9B Deribit acquisition boosts its role in futures, options and perpetual trading.Deals like Liquifi and One River Digital broaden COIN's tokenization and institutional services.COIN shares are up 20.9% YTD, but its P/E of 48.52 stands above the industry average of 24.3.Coinbase Global (COIN) is increasingly leaning on inorganic growth, and its acquisition story is impressive.  COIN’s targeted acquisitions are broadening its capabilities, diversifying revenues, and expanding its g ...

Bullish (NYSE:BLSH) stock surged after its IPO earlier this month. The listing was priced at $37 per share, and the stock jumped nearly 3x in early trading before pulling back on volatility. It now trades at about $70 per share. In this analysis, we outline a scenario where Bullish could roughly double to $140. The case rests on three factors: rapid growth, rising institutional adoption of crypto, and the massive market opportunity. We note that the math is simplified, but it could still give users an intui ...

Core Points - HTX, a leading global crypto exchange, has launched a new campaign called "Weekly Check-in & Win" to enhance community engagement and offer interactive benefits [2][3] - The campaign started on August 8, 2025, allowing participants to enter a lucky draw by completing a simple weekly community check-in task [2][3] - The prize pool includes both digital assets and physical rewards, with the first prize being 1,888 USDT and the second prize an Apple Watch Series 10 [6] Summary by Category Campaign Details - The "Weekly Check-in & Win" campaign is designed to provide easy participation with weekly chances to win prizes by commenting on a designated post [2][3] - The task resets every week, allowing multiple opportunities for users to engage and win [2][3] Prize Structure - The prize pool consists of various rewards, including: - First Prize: 1,888 USDT - Second Prize: Apple Watch Series 10 (Glossy Black) - Third Prize: 60,000 $WIN - Fourth to Seventh Prizes: 6 $TRX, 6 $STEEM, 6 $JST, and 6 $SUN, respectively - Eighth and Ninth Prizes: 60,000 $BTT, 60,000 $NFT, respectively [6] Company Background - HTX, founded in 2013, has transformed from a virtual asset exchange into a comprehensive ecosystem encompassing digital asset trading, financial derivatives, research, investments, and incubation [7] - The company aims to provide safe and reliable services while adhering to a growth strategy focused on global expansion, thriving ecosystem, wealth effect, security, and compliance [8]

Core Insights - Coinbase Global (COIN) has acquired Deribit for $2.9 billion, positioning itself as the leading global platform for crypto derivatives, which significantly surpasses the spot crypto market in trading volumes [1][8] - The acquisition allows Coinbase to scale rapidly in the derivatives segment, diversifying its revenue streams beyond spot trading fees and enhancing its institutional capabilities [2][4] Financial Performance - Deribit generated over $30 million in transaction revenues in July, and its inclusion in COIN's third-quarter results is expected to provide a clear indication of revenue opportunities moving forward [3] - The acquisition is anticipated to be immediately accretive to adjusted EBITDA, although it will add approximately $10 million in expenses related to technology and development, as well as general and administrative costs in the third quarter [3] Strategic Positioning - The acquisition of Deribit equips Coinbase with advanced technology and a global client base, strengthening its competitive position against current leaders in derivatives, such as Binance and OKX [4] - The integration of high-margin derivatives products is expected to enhance profitability and expand market share, aligning with CEO Brian Armstrong's vision of transforming Coinbase into a comprehensive digital asset platform [4] Competitive Landscape - Competitors like Robinhood Markets (HOOD) and Interactive Brokers Group (IBKR) are also expanding into crypto derivatives, which may intensify competition in the market [5][6] - Robinhood is attracting active traders by offering perpetual futures and micro futures, while Interactive Brokers is appealing to both institutional and retail traders with Bitcoin and Ether futures and options [5][6] Stock Performance - COIN shares have increased by 27.9% year to date, outperforming the industry average [7] Valuation Metrics - COIN currently trades at a price-to-earnings ratio of 51.2, significantly above the industry average of 20.57, indicating a potentially expensive valuation [10] Earnings Estimates - The Zacks Consensus Estimate for COIN's third-quarter 2025 EPS has increased by 11.2%, while the fourth-quarter 2025 EPS estimate has decreased by 4.3% over the past month [12] - The consensus estimates for COIN's revenues in 2025 and 2026 indicate year-over-year increases, while EPS estimates show a decline [13]

Group 1: Bullish (BLSH) IPO - Bullish (NYSE:BLSH) shares surged 84% on their first trading day after raising $1.1 billion in an IPO, with the stock reaching a high of $117.93, more than triple the IPO price [3] - Company insiders benefited significantly, with co-founder Brendan Blumer holding a 30.1% stake valued at $3.4 billion, while board member Kokuei Yuan owns 26.7% worth $3.1 billion [4] Group 2: DeepSeek AI Model Delay - Chinese AI firm DeepSeek has delayed the launch of its new AI model, R2, due to challenges in training with Huawei chips and limited access to Nvidia's high-end GPUs [5] - CEO Liang Wenfeng has not set a release date for R2, expressing dissatisfaction with its performance [6] Group 3: Amazon Grocery Delivery Expansion - Amazon (NASDAQ:AMZN) announced a major expansion of its grocery delivery service, allowing customers in over 1,000 locations to order fresh groceries for same-day delivery, with plans to extend this to over 2,300 locations by year-end [7][8] - The expansion includes thousands of perishable items, enhancing the existing logistics network and offering free same-day delivery for Prime members on orders over $25 in most cities [9] - This development could significantly impact various retailers, including Walmart, Target, and Kroger, as Amazon increases its presence in the grocery sector [10]

Group 1 - Bullish, a crypto exchange backed by Peter Thiel, successfully raised over $1 billion in its IPO, with shares more than doubling from the initial offering price of $37 to a peak of about $118 [1][2] - The IPO was priced at $37, exceeding the expected range of $32 to $33, and significantly higher than the initial range of $28 to $31 [2] - Following the IPO, Bullish's market valuation surged from approximately $5.4 billion to over $13 billion shortly after trading began, reaching above $17 billion at its peak [2] Group 2 - Trading for Bullish's stock, listed under the ticker BLSH, was halted multiple times due to volatility, with trading interruptions occurring at 1:02 p.m., 1:12 p.m., and 1:18 p.m. [3] - Major shareholders include Brendan Blumer, who is expected to hold about 30.1% of shares, and Kokuei Yuan, likely holding 26.7% [4] - Investment firms BlackRock and ARK Investment Management have shown interest in purchasing up to $200 million of shares at the IPO price [4]

Core Viewpoint - Coinbase Global Inc. (COIN) has experienced an 18.9% decline in shares over the past month, significantly underperforming the industry and broader market indices [1][10]. Group 1: Company Performance - COIN is positioned to benefit from a broader range of crypto assets, international expansion, and increased market volatility [2]. - The company has been trading below its 50-day simple moving average, indicating a short-term bearish trend [4]. - In Q2 2025, COIN faced challenges due to lower trading activity and subdued crypto volatility, resulting in earnings that missed expectations for the first time in ten quarters [7]. - Despite a strong liquidity position with $9.3 billion in resources at the end of 2024, concerns about dilution and financial leverage arose after the pricing of $2.6 billion in convertible notes [13]. - COIN's return on equity was 16%, slightly below the industry average of 16.4%, while its return on invested capital was 10.2%, outperforming the industry average of 4.9% [14]. Group 2: Market Position and Strategy - Coinbase aims to enhance its market share in both U.S. spot and derivatives markets by broadening its product suite and expanding globally [8][11]. - The adoption of stablecoins is expected to further boost revenues, with the company posting positive EBITDA for eight consecutive quarters [12]. - The company aspires to onboard over a billion users into the crypto economy, investing significantly in core infrastructure and platforms [12]. Group 3: Valuation and Analyst Sentiment - COIN shares are trading at a premium P/E of 51.36X, compared to the industry's 20.65X, indicating a stretched valuation [10][17]. - The Zacks Consensus Estimate for 2025 earnings has increased by 93.6%, while the estimate for 2026 has decreased by 7.4% [15]. - The mixed analyst sentiment reflects concerns over premium valuation, declining earnings estimates, and a VGM Score of F [21].

Tokenization Initiatives - Trading platforms and crypto exchanges like Robinhood, Kraken, and Coinbase are competing to establish a presence in tokenization [1]

Core Insights - The partnership between JPMorgan and Coinbase Global represents a significant move towards mainstream cryptocurrency adoption in the U.S., merging traditional banking with digital assets [2][5]. Company Developments - Customers will soon connect JPMorgan accounts directly to Coinbase wallets via a secure API, eliminating third-party reliance [3]. - Starting in fall 2025, Chase credit cards will enable direct crypto purchases, and by 2026, users can convert Chase Ultimate Rewards points into USDC, linking a major rewards program to a stablecoin for the first time [3]. - The collaboration enhances compliance and security by integrating KYC and AML processes into JPMorgan's infrastructure, reducing data privacy risks and allowing better control over fiat-to-crypto flows [4]. Industry Trends - The JPMorgan-Coinbase partnership is indicative of broader institutional acceptance of cryptocurrency, paving the way for new applications like global payments and tokenized rewards [5][6]. - Other banks, such as Bank of America and PNC Financial, are also exploring the digital asset space, indicating a competitive landscape for crypto adoption among financial institutions [7][9]. Financial Performance - JPMorgan's shares have increased by 16.8% over the past three months, outperforming the S&P 500 Index, which gained 13.1% [10][11]. - The Zacks Consensus Estimate for JPMorgan's 2025 earnings suggests a decline of 2.2% year-over-year, while 2026 earnings are projected to grow by 5.3% [14].