RT BSCN (@BSCNews)🚨 Japan’s $200B financial giant SBI Group is teaming up with @chainlink to bring:- Tokenized assets.- Cross-border payments.- Stablecoin verification.Here’s what it means 👇https://t.co/YstoUYWHoJ ...

Core Viewpoint - Coinbase Global Inc reported disappointing second-quarter earnings, leading to a decline in its stock price amid a busy earnings season [1] Group 1: Earnings Performance - Coinbase's revenues contracted 26% sequentially to $1.497 billion, while adjusted EBITDA declined by 45% to $512 million [2] - The company's earnings per share, excluding one-time items, were $1.45, missing the consensus estimate of $1.52 [4] - Total revenues of $1.50 billion missed consensus by 6%, although transaction revenues were slightly higher than estimates [11] Group 2: Market Position and Volumes - Industry trading volumes declined 26% sequentially, while Coinbase's volumes were down 40%, indicating a loss of market share [3] - The company highlighted a favorable macro backdrop for crypto markets, with July trading revenue of $360 million suggesting a run rate higher than expectations for the third quarter [5][12] Group 3: Analyst Ratings and Price Targets - JPMorgan maintained a Neutral rating and reduced the price target from $404 to $342 [2] - Goldman Sachs reaffirmed a Neutral rating but raised the price target from $305 to $348 [4] - Needham reiterated a Buy rating and raised the price target from $270 to $400, citing product expansion and opportunities within USDC [6] - Canaccord Genuity maintained a Buy rating with a price target of $400 [8] - Rosenblatt Securities reiterated a Buy rating and set a price target of $470 [11] Group 4: Future Outlook - Analysts expressed concerns about the growth in general and administrative expenses and technology development costs, but noted a strong recovery in crypto volumes in July [7] - The company is seen as a preferred partner for traditional finance players looking to enter the crypto space, supported by an improving regulatory landscape [9][10]

RT BSCN (@BSCNews)🔥ARE BANKS FINALLY GOING ONCHAIN FOR REAL?Westpac and Imperium Markets tap @chainlink to settle tokenized assets with Project Acacia in Australia. This could be huge… Dive in ⬇️https://t.co/m4fMlq5hJl ...