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Coinbase Q2 Revenue Hits $1.45B, Net Income Drops Sharply

Coinbase reported a total revenue of $1.449 billion for the second quarter, surpassing the market consensus estimate of $1.396 billion. However, this figure represents an 11% decrease from the first quarter, partly attributed to falling consumer transaction revenues. Coinbase Q2 Revenue Drops 29% Coinbase’s Q2 consumer transaction revenues fell 29% to $665 million, down from $1.07 billion in Q1. However, stablecoin revenue increased to $240.4 million from $197.3 million. The...

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Bitcoin Follows Wall Street Crash by Tumbling Toward $62K Amid Weak US Jobs Data

The volatility in the cryptocurrency industry continues, with the leading digital asset plummeting from $65,600 to $62,300 for the second time in the past day or so. The main driver behind the latest price plunge could be attributed to the developments on US soil, as the jobs data was weaker than expected, and the stock market crashed. JUST IN: Over $2.9 trillion has been wiped out from major indices and stocks this morning due to growing fears of a global recession. This is...

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Crypto Markets Turn Red Despite BoE’s Interest Rate Cut and Donald Trump’s Reaffirmed BTC Support: This Week’s Crypto Recap

All eyes in the cryptocurrency community were on the Bitcoin Conference in Nashville last weekend as the former US president and current Republican candidate, Donald Trump, was expected to appear. Once he took the stage, the crypto markets went on a wild rollercoaster with tons of volatility due to some of his promises, such as to make the US the ‘digital asset capital of the world’ as well as to remove SEC Chair Gary Gensler from his post immediately after retaking the...

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Trump’s Sneaker Site Is Selling Bitcoin-Themed Sneakers

The Trump Sneakers website, an online store he declared fully owned in his 2023 financial disclosure, listed Bitcoin-themed high-top and low-top shoes right after he concluded his speech at BTC 2024. These sneakers cost as much as $499. Resellers have already flooded secondary markets like eBay with it, listing it for as much as five times the original price. Some were seen with an asking price of $2,500. If people are shelling out that amount is yet to be known. Nevertheless, the most...

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Neiro Ethereum Explodes Over 1,000% to Reach $0.2, Shiba Shootout Closes in on $1M

The meme coin market is at it again. Neiro Ethereum (NEIRO) has blasted off, rocketing over 1,000% to hit $0.2 earlier today. Meanwhile, fellow meme coin Shiba Shootout (SHIBASHOOT) is also causing a stir – and is closing in on a cool $1 million in its presale phase. Rapid Rise of “Ethereum’s Sister” Neiro Ethereum Neiro Ethereum burst onto the scene on Tuesday, quickly catching the crypto community’s attention. Since its Uniswap launch, NEIRO has soared over 1,000% from its...

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Bitwise CIO Hougan Says the Bitcoin Market ‘Is Not Bullish Enough’

Following the Bitcoin2024 conference, Bitwise CIO Matt Hougan has issued a bold call to crypto investors, urging them to rethink BTC’s potential upside. According to Hougan, the market is “not bullish enough” about the flagship cryptocurrency, and recent developments at the conference have highlighted a shift that could impact Bitcoin’s future value. Political Figures Support Bitcoin at Bitcoin2024 Conference As the cryptocurrency market deals with volatility and regulatory...

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