Core Points - Nu Holdings' shares fell 4.5% to close at $13.03 on July 10, with a trading volume of approximately 107.8 million shares, which is about 79% above its 50-day average volume of 60.1 million shares [1] - The decline occurred despite broader market gains, with the S&P 500 up 0.27% and the Dow Jones Industrial Average up 0.43%, while competitor SoFi Technologies rose 3.7% [2] - Nu Holdings remains above its 50-day ($12.64) and 200-day ($12.49) moving averages, with a year-to-date gain of approximately 25.8%, indicating a longer-term upward trend [3] - The decline may be attributed to multiple factors, including potential growth slowdown, inflation concerns, and rising interest rates in Latin America, with increased trading volume suggesting institutional repositioning or profit-taking [3]

Germany's largest banking group Sparkassen adds cryptocurrency trading services: report https://t.co/5sKrDy31HJ ...

Core Points - Coinbase Global, Inc. experienced a significant cybersecurity incident on May 15, 2025, leading to a 7% drop in share price and raising concerns about its internal controls and disclosure processes [1][3] - Hagens Berman has initiated an investigation into potential securities law violations related to Coinbase's claims about its security measures and the adequacy of its cybersecurity risk management [2][5] Company Incident Details - The cybersecurity incident involved a threat actor gaining access to personal information of nearly 70,000 customers, raising questions about Coinbase's security protocols [3][4] - The threat actor reportedly acquired this data by bribing contractors or employees to extract it from Coinbase's systems, with estimated remediation and customer reimbursement costs potentially reaching $400 million [4] Industry Context - Following the incident, it was reported that rival exchanges Binance and Kraken faced similar hacking attempts but successfully protected customer data, which has led to further scrutiny of Coinbase's security measures and the timing of its disclosures [5] - Hagens Berman is investigating whether Coinbase misrepresented its security controls and delayed the disclosure of the cybersecurity incident [5]

Wall Street analysts expect Coinbase Global, Inc. (COIN) to post quarterly earnings of $2.04 per share in its upcoming report, which indicates a year-over-year increase of 23.6%. Revenues are expected to be $2.19 billion, up 33.4% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 8.7% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a com ...