Coinbase delivered blockbuster third-quarter results, with net income surging 475% year-over-year to $433 million as cryptocurrency market volatility and growing institutional adoption fueled a trading boom. The cryptocurrency exchange’s total revenue reached $1.8 billion, significantly exceeding Wall Street expectations, driven by strong trading volumes, stablecoin growth, and strategic expansion into derivatives markets.
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0 in Finance and 0 in Crypto last weekCredit Markets Wobble as Loan Losses Spark Crisis Fears
Global credit markets are facing renewed turbulence as fresh loan defaults trigger widespread risk aversion. Investors pulled $1.3 billion each from US high-yield and leveraged-loan funds in the latest week, marking the largest outflows in six months. The situation echoes concerns from last year’s regional banking crisis, putting market participants on high alert as Barclays executive Meghan Graper discussed the implications on Bloomberg Real Yield.
about Credit Markets Wobble as Loan Losses Spark Crisis FearsCoinbase Q2 Revenue Misses Estimates, Shares Drop
Coinbase (COIN) reported Q2 revenue of $1.5 billion, slightly up year-over-year but below the expected $1.6 billion. While net income surged to $1.43 billion—boosted by gains from Circle (USDC) and crypto investments—transaction revenue missed estimates, leading to a 6% after-hours stock drop. Retail trading volume grew 16% YoY to $43 billion but fell short of forecasts. Subscription services, including stablecoins and staking, rose 9% to $655.8 million, also below projections. Stablecoin revenue hit $332.5 million, up 38% YoY, driven by Circle’s IPO. Despite trading challenges, Coinbase plans to expand into tokenized assets and derivatives. Year-to-date, COIN shares remain up over 50%, outperforming the S&P 500.
about Coinbase Q2 Revenue Misses Estimates, Shares DropNvidia Earnings Expected to Significantly Impact Stock Market Movements
Nvidia’s upcoming earnings report is expected to significantly impact the stock market, with the S&P 500 projected to move 1.3%, surpassing its usual 0.8% fluctuation. The chipmaker’s shares are anticipated to swing by 10.3%, reflecting heightened interest amid AI investment concerns. Analysts maintain a positive outlook, with a buy rating suggesting over 34% upside potential.
about Nvidia Earnings Expected to Significantly Impact Stock Market MovementsDeepSeek AI Disruption Causes Historic Loss for Nvidia and Tech Stocks
DeepSeek, a low-cost Chinese AI startup, has caused a seismic shift in global tech markets, leading to a record $593 billion loss for Nvidia in a single day. The launch of its free AI assistant, which claims to be significantly cheaper and more efficient than existing models, has raised concerns about the future demand for chips and data centers. Major tech stocks, including Broadcom, Microsoft, and Google, also experienced substantial declines as investors shifted towards safer assets amid heightened market volatility.
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