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KuCoin. Photo by BeInCrypto Chainalysis reported that more than $2.17 billion in digital assets were stolen in the first half of 2025, with around 69% linked to incidents on centralized exchanges. After years of such incidents, the industry has learned the hard way that trust cannot be declared, but it must be proven. As regulatory scrutiny intensifies and institutional participants demand transparency, exchanges are beginning to embrace verifiable security models. This shift marks a move away from the “ ...

Core Viewpoint - Coinbase Global Inc (NASDAQ:COIN) has experienced a significant decline from its peak of $444.64 on July 18, exacerbated by a 16.7% drop following its earnings report on August 1, yet indicators suggest a potential short-term recovery for the stock [1]. Group 1: Stock Performance Indicators - COIN is currently within 0.75 of the 80-day trendline's 20-day average true range (ATR), having spent over 80% of the last 10 days and two months above this level, which historically has led to a price increase 83% of the time, averaging a 13.1% gain one month later [3]. - A similar price movement from the current level of $301.23 could see the stock rise to approximately $340.69 [3]. Group 2: Technical Analysis - The 14-day relative strength index (RSI) for COIN is at 17, indicating it is in "oversold" territory, which often precedes a short-term bounce [4]. - Current short interest represents 6.4% of the stock's available float, suggesting there is significant potential for short covering [4]. Group 3: Options Market Sentiment - An increase in pessimism among options traders could provide additional support for COIN, as the 10-day put/call volume ratio of 0.64 is higher than 98% of readings from the past year, indicating a faster-than-usual rate of put trading [5].

Group 1 - A hacker group named Predatory Sparrow, linked to Israel, has launched a cyber attack on the Iranian cryptocurrency exchange Nobitex, resulting in the theft of 48 million USD [1] - The hacker group claims that Nobitex assists the Iranian regime in funding terrorism and evading sanctions through the use of virtual currencies [1]

Market Overview - Wall Street's seasonal adages have not held true this year, with April ending on a mixed note and May showing impressive gains in U.S. stock markets [1][2] - All three major indexes finished May in the green, with the Dow rising 3.9%, the S&P 500 climbing 6.2%, and the Nasdaq Composite jumping 9.6%, marking their best monthly performances since November 2023 [2] Financial Services Sector Performance - The Financial Services sector was one of May's top performers, up 4.5%, with notable stocks including Coinbase Global, Northern Trust, BNY Mellon, Franklin Resources, and Bank of America [3][9] - Coinbase is positioned to benefit from heightened crypto market volatility and rising asset prices, with 83% of its total revenues coming from the U.S. market [7][10] - Northern Trust is leveraging organic expansion efforts and has launched Family Office Solutions targeting ultra-high-net-worth clients, which is expected to enhance its Wealth Management segment [12][13] - BNY Mellon is focusing on international growth initiatives and has seen a five-year CAGR of 6.2% in net interest income, with expectations for continued improvement [18][19] - Franklin has grown through acquisitions and partnerships, enhancing its presence in alternative investments and multi-asset solutions [22][23] - Bank of America is expected to benefit from higher interest rates, with a projected 6-7% rise in net interest income for 2025, supported by aggressive branch expansion [26][28] Company-Specific Insights - Coinbase is investing in infrastructure to expand crypto's practical use, including a low-cost Layer 2 scaling solution [8] - Northern Trust is focused on disciplined headcount management and process automation to improve productivity and meet financial targets, achieving a return on equity of 13% in Q1 2025 [14][15] - BNY Mellon is facing challenges with rising expenses and volatility in fee income, which constitutes almost 70% of total revenues [20] - Franklin's diversification into alternative asset classes is expected to drive assets under management growth, although market fluctuations pose risks to investment management fees [24][25] - Bank of America is enhancing its digital offerings and cross-selling products through initiatives like the Zelle money transfer system and the digital assistant Erica [29]