Tag: COIN

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Crypto-Related Stocks Slide Amid Global Market Turmoil

U.S. equities have joined the global downturn, following sharp declines across Asia and Europe, with Japan’s Nikkei suffering significant losses. By 11:15 a.m. EDT on Monday, the five major U.S. stock indices had fallen between 2.5% and 4.5%. This market turmoil has extended to crypto-related stocks such as Microstrategy’s MSTR and Coinbase’s COIN. The primary…
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Bitwise Heralds Coinbase (COIN) As The ‘Next Amazon’: Price Targets

In a recently published report by Bitwise, the leading crypto index fund manager, a striking comparison has been drawn between Coinbase and Amazon, highlighting a significant yet under-reported aspect of Coinbase’s business — the Base Layer 2 network. Titled “It’s All About That Base (and Other Thoughts on Coinbase),” the report authored by Matt Hougan…
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Crypto Market Downturn Hits Coinbase, Microstrategy, and Mining Stocks Hard

During the widespread downturn in the cryptocurrency markets, publicly listed companies within the sector such as Coinbase, Microstrategy, and bitcoin mining enterprises have experienced notable declines in their stock values. Shares of Coinbase have fallen by over 21% since last month, and in the same period, Marathon Digital Holdings’ shares have dropped more than 28%…
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Ark Invest Shifts Portfolio, Swaps Coinbase and Robinhood for Newly IPO’d Reddit Shares

On Thursday, Ark Invest parted ways with 133,533 Coinbase shares from its Ark Innovation exchange-traded fund (ARKK) and also disposed of 96,003 Robinhood shares from the ARKW ETF. Following these divestments, Ark Invest acquired Reddit shares for both the ARKW and ARKF ETFs. Ark’s Portfolio Pivot: COIN, HOOD Out, RDDT In This week, Cathie Wood‘s…
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Coinbase Aims to Raise $1 Billion Through Convertible Bond Sale as Shares Spike

Coinbase Global, Inc. has unveiled its strategy to generate $1 billion through the issuance of convertible bonds set to mature in 2030. This plan includes a provision for initial buyers to acquire an extra $150 million to address any over-allotments. Coinbase revealed that the proceeds would be allocated for “working capital and capital expenditures.” Coinbase…
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Goldman Sachs Reevaluates Coinbase, Eyes Neutral Stance Amid Crypto Surge

In a significant shift, Goldman Sachs has upgraded its rating on Coinbase shares from selling to neutral, citing a surge in crypto prices and record-breaking daily volumes. The adjustment to a $282 price target reflects the bank’s reassessment of the San Francisco-based crypto exchange’s revenue potential and operational strides toward profitability. Goldman Sachs Shifts Gears:…
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Coinbase Custody Accounts For 90% Of All Bitcoin ETFs – Details

Coinbase Custody reportedly now holds over 90% of all Bitcoin ETFs in the United States. This development was revealed by the crypto exchange’s CEO, Brian Armstrong, while appraising the company’s performance in the fourth quarter (Q4) of 2023. Coinbase Emerges As Major Player In Bitcoin ETF Market In an X post on February 16, Brian…
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4 Surprising Insights From Coinbase’s Earnings, COIN Sees Bullish Surge

The foremost crypto exchange in the United States, Coinbase, released its earnings report on February 15th. As expected, there were major takeaways from the financial report, highlighting the crypto company’s performance in the fourth quarter of last year. Coinbase’s Trading Volume Exceeds Expectations Coinbase maximalist Coinbase Duck noted in an X (formerly Twitter) post how…
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ARK Invest Sells Another $5.52M in Coinbase Shares as COIN Surges 107% Since November

Source: Adobe / piter2121 Cathie Wood-led Ark Invest sold another 34,261 Coinbase shares worth $5.5 million on Tuesday as the price of the largest US-based crypto exchange’s shares topped $160, witnessing over 107% rise since early November. COIN is already up 5% in the pre-market today. Ark Invest had dumped $100 million worth of Coinbase…
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Coinbase COIN Hits 18-Month High To Rally Near $117 – Is $150 On The Cards?

The price of Bitcoin hit a 2023 high, and Coinbase Global (COIN) shares went through the roof. It looked like the crypto exchange had benefited from Binance’s recent legal problems. People have noticed that COIN’s price has been doing well in line with the overall good trend in the crypto space led by Bitcoin. This…
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