Coinbase Price Targets Cut After Q4 Miss
Wall Street analysts from @JPMorgan and Canaccord lowered price targets for @Coinbase (COIN) after Q4 earnings miss, with targets now at $252 and $300 respectively. Stock down 40% YTD. #Update #Crypto $COIN
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Wall Street analysts from @JPMorgan and Canaccord lowered price targets for @Coinbase (COIN) after Q4 earnings miss, with targets now at $252 and $300 respectively. Stock down 40% YTD. #Update #Crypto $COIN
Ramil Ventura Palafox, CEO of Praetorian Group International, sentenced to 20 years for a $200M Ponzi scheme involving over 90,000 investors misled about bitcoin investments. #Breaking #Legal $BTC
The CoinDesk 20 Index rises 2.0% to 1920.47, led by $UNI (+5.4%) and $BCH (+5.3%), while $ICP (-2.1%) and $BNB (-1.1%) lag behind. #Update #Crypto $UNI
@YorkvilleAmerica has filed for two cryptocurrency ETFs with the SEC, seeking to launch a Truth Social Bitcoin and Ether ETF and a Cronos Yield Maximizer ETF. #Update #Crypto $BTC $ETH $CRO
@Coinbase reported Q4 net revenue of $1.71B, missing estimates, with a net loss of $667M due to unrealized investment losses. Analysts lowered price targets amid weak retail activity. #Update #Crypto $COIN
The DeFi Education Fund urged the U.K. FCA to define “control” in crypto regulations based on unilateral authority over funds, warning against misclassifying developers under intermediary obligations. #Update #Crypto
Bitcoin $BTC is down 1.7% in the past 24 hours, marking its fourth consecutive weekly decline amid market fear, as the Crypto Fear and Greed Index remains in “extreme fear.” #Update #Crypto $BTC
Bitcoin’s long-term rally is deemed “broken” until it surpasses $85,000, with support at $60,000 and a critical 200-week moving average at $58,000, according to Deribit’s Jean-David Péquignot. #Update #Crypto $BTC
Digital asset ETPs reached $184B AUM by 2025, with U.S. accounting for $145B; Bitcoin leads at 78.2% share. Over 125 ETP filings pending, signaling growing institutional interest. #Update #Crypto $BTC
@PaulAtkins aims to clarify U.S. crypto regulations, but without firm legislation, rules may be reversed. Senate negotiations continue on the Digital Asset Market Clarity Act amid bipartisan concerns. #Update #Crypto $BTC
@SharpLink’s executives discuss ether as productive financial infrastructure amid market volatility, emphasizing staking and institutional DeFi strategies. Ether’s yield potential highlighted as a key differentiator. #Update #Crypto $ETH
The U.S. Commodity Futures Trading Commission has appointed prominent crypto executives, including @BrianArmstrong and @BradGarlinghouse, to its new Innovation Advisory Committee to guide regulatory modernization. #Update #Crypto $XRP
@Coinbase missed Q4 earnings estimates with $1.78 billion in revenue and adjusted EPS of $0.66, as transaction revenue fell below $1 billion. #Update #Crypto $COIN
@Fairshake begins a $1.5M ad campaign against Democratic Rep. Al Green, opposing his anti-crypto stance in Texas’ upcoming primaries, while supporting pro-crypto candidates like Christian Menefee. #Update #Crypto $BTC