S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures
Coinbase Global sees its credit rating downgraded by S&P Global amid regulatory pressures, weakened market performance and competitors.
Institutional staking won’t take off unless asset lock-up solved: Coinbase CFO
Coinbase’s new institutional-focused staking product won’t be a “near-term phenomenon” while liquid staking is still being worked out.
$475M in Bitcoin options expire this week — Are bulls or bears poised to win?
BTC futures data shows bulls are not sure that Bitcoin price will hold above $24,000, but range-bound action could help them profit from Aug. 12’s $475 million options expiry.
TORN price sinks 45% after U.S. Treasury sanctions Tornado Cash — Rebound ahead?
TORN is near a historically strong support range, eyeing a 75% rebound by September 2022.
Coinbase posts $1.1B loss in Q2 on ‘fast and furious’ crypto downturn
It’s the largest quarterly net loss for the crypto company since listing on the Nasdaq Stock Exchange in April 2021.
Two more lawsuits for Coinbase: Law decoded, Aug. 1–8
Both plaintiffs claim that Coinbase made fraudulent and deceptive representations regarding the company’s business.
FTX, ByBit rise in web traffic despite overall traffic drop on CEXs
Web traffic on FTX surged 123% YoY, while major exchanges like Coinbase and Binance were down 46% and 40% traffic-wise, respectively.
2 metrics signal the $1.1T crypto market cap resistance will hold
Despite a handful of the top-80 coins gaining 12% or more over the past week, Tether’s premium in Asia and futures markets activity show buyers lacking confidence.
Coinbase hit with 2 fresh lawsuits amid SEC probe
In both cases, plaintiffs allege Coinbase made fraudulent and misleading statements about the company’s business, operations and compliance efforts throughout the class period.
Bitcoin price retests key $22.8K as metric points to ‘BTC buying spree’
BTC price bulls fail to take the market higher as the week continues, but buyer interest is giving hope.
