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X @Wu Blockchain
Wu Blockchain· 2025-07-23 16:42
PNC Bank, the eighth-largest bank in the United States, is partnering with Coinbase to offer cryptocurrency trading services to its customers. https://t.co/FGEAMjtggi ...
Stock Market Today: Nu Holdings Slides 4.5% While Broader Market Gains
The Motley Fool· 2025-07-10 21:30
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]
X @The Block
The Block· 2025-06-30 18:35
Industry Trend - Germany's largest banking group Sparkassen adds cryptocurrency trading services [1]
Coinbase Global, Inc. (COIN) Shares Slide Amid Disclosure of Material Cybersecurity Incident - Hagens Berman
Prnewswire· 2025-05-29 17:44
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]
Compared to Estimates, Coinbase Global (COIN) Q1 Earnings: A Look at Key Metrics
ZACKS· 2025-05-09 01:00
Core Insights - Coinbase Global, Inc. reported $2.03 billion in revenue for Q1 2025, a year-over-year increase of 24.2% [1] - The EPS for the same period was $1.94, compared to $1.65 a year ago, with an EPS surprise of +4.86% [1] - The reported revenue was a surprise of -4.12% compared to the Zacks Consensus Estimate of $2.12 billion [1] Financial Performance Metrics - Trading Volume reached $393 billion, exceeding the estimated $387.82 billion [4] - Monthly Transacting Users were 9.7 million, surpassing the estimate of 9.17 million [4] - Other revenue was reported at $73.98 million, slightly above the estimate of $72.47 million, reflecting a year-over-year change of +31.9% [4] - Net Revenue from Transaction revenue was $1.26 billion, slightly below the estimate of $1.28 billion, with a year-over-year change of +17.2% [4] - Total Net Revenue was $1.96 billion, compared to the average estimate of $1.98 billion, representing a year-over-year change of +23.5% [4] - Subscription and services revenue was $698.10 million, close to the estimate of $698.46 million, showing a +36.6% change year-over-year [4] - Institutional Transaction Revenue was $98.90 million, below the average estimate of $122.37 million, with a year-over-year change of +15.8% [4] - Consumer Transaction Revenue was $1.10 billion, compared to the estimate of $1.15 billion [4] - Blockchain Subscription and services revenue was $196.60 million, below the estimate of $217.51 million, reflecting a year-over-year change of +30.3% [4] Stock Performance - Coinbase Global's shares returned +11% over the past month, compared to the Zacks S&P 500 composite's +11.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]
Stay Ahead of the Game With Coinbase Global (COIN) Q1 Earnings: Wall Street's Insights on Key Metrics
ZACKS· 2025-05-05 14:21
Core Insights - Analysts expect Coinbase Global, Inc. to report quarterly earnings of $2.04 per share, reflecting a year-over-year increase of 23.6% [1] - Revenue projections stand at $2.19 billion, indicating a 33.4% increase from the previous year [1] - The consensus EPS estimate has been revised down by 8.7% over the last 30 days, showing a reevaluation of initial estimates by analysts [1][2] Revenue Estimates - Analysts predict 'Net Revenue' to reach $2.03 billion, a 28% increase from the prior-year quarter [4] - The estimate for 'Net Revenue- Total Subscription and services' is $707.49 million, reflecting a 38.5% year-over-year change [4] - 'Net Revenue- Transaction revenue' is expected to be $1.32 billion, up 23.1% from the previous year [5] - 'Other revenue' is projected at $72.47 million, indicating a 29.2% increase year-over-year [5] Subscription and Services Revenue - 'Net Revenue- Subscription and services- Other subscription and services' is estimated at $97.51 million, a 53.1% increase from the prior-year quarter [6] - 'Net Revenue- Subscription and services- Blockchain' is projected to reach $232.09 million, suggesting a 53.8% year-over-year change [6] - 'Net Revenue- Subscription and services- Custodial fee' is expected to be $46.00 million, reflecting a 42.4% increase from the previous year [7] Trading Volume and User Metrics - Analysts forecast 'Trading Volume' to reach $404.23 billion, compared to $312 billion in the same quarter last year [7] - 'Trading Volume - Institutional' is expected to be $320.94 billion, up from $256 billion year-over-year [7] - 'Trading Volume - Consumer' is projected at $83.29 billion, compared to $56 billion in the same quarter of the previous year [8] - The consensus for 'Monthly Transacting Users' is 9.17 million, up from 8 million year-over-year [8] Market Performance - Coinbase shares have returned +27.6% over the past month, outperforming the Zacks S&P 500 composite's +0.4% change [8] - The company holds a Zacks Rank 3 (Hold), indicating expectations to mirror overall market performance in the near future [9]