News linked to both this project and an event.
Odaily News - After Coinbase's Q2 results fell short of market expectations, the stock briefly dropped to a roughly two-and-a-half-year low on Friday morning before paring losses to around $150. Over the past year, the stock is still down approximately 57%.Wall Street generally believes Coinbase underperformed this quarter, but opinions differ on the cause: some analysts attribute it mainly to a weak crypto market environment, while others have begun to question whether the company's growth strategy beyond its trading business can deliver.JPMorgan stated that Coinbase's results reflect a "challenging crypto environment," with new products contributing limited value to the income statement. The bank lowered its December 2026 price target for Coinbase from $196 to $148, while maintaining an "Overweight" rating. JPMorgan believes the company faces pressure across multiple business lines, with weak trading volumes dragging down transaction revenue and subscription and services revenue also under strain.Bernstein, on the other hand, believes Coinbase's long-term strategy remains attractive, but investors want to see more compelling execution, particularly in new business areas such as prediction markets and tokenized stocks.Mizuho warned that Robinhood is emerging as the mainstream alternative for retail crypto trading. Overall, Coinbase is still viewed as an important representative of U.S. crypto compliance infrastructure, but its valuation recovery increasingly depends on proving it is more than just a crypto exchange reliant on trading cycles.
Trader Doctor Profit stated that his current key positioning is the "Galactic Three", namely Circle, Coinbase, and ETH, believing that the three correspond to compliant stablecoin issuance, crypto asset custody and trading, and tokenization and smart contract infrastructure respectively, and are core targets in the reshaping of the financial system in this new cycle.
according to on-chain analyst EmberCN's monitoring, an hour ago, a whale transferred 1.032 million HYPE tokens, which they had held for a year and a half, to Coinbase Prime and FalconX, worth $57.6 million. The whale made a profit of $37.45 million on HYPE, a return rate of 186%. The whale initially withdrew 1.018 million HYPE from Gate in early 2025 at an average price of approximately $19.79, worth $20.15 million at the time, and subsequently staked these HYPE tokens. Early this morning, all related HYPE was unstaked and transferred to Coinbase Prime and FalconX when the price was $55.8.
cryptocurrency exchange Coinbase released its second-quarter earnings, which fell short of expectations due to reduced trading activity following a crypto market selloff during the period. Its stock price dropped approximately 5% in after-hours trading, as investors watch whether subscription revenue can offset weaker transaction fees.
according to Onchain Lens monitoring, BlackRock has withdrawn a total of 1,104.45 BTC from Coinbase Prime, valued at approximately $71.4 million, and transferred them to its IBIT Bitcoin ETF wallet.
According to on-chain analysis platform Lookonchain (@lookonchain), in the past 10 hours, Multicoin Capital deposited 137,100 HYPE to Coinbase Prime, worth approximately $7.51 million; Bitwise deposited 22,463 HYPE to Coinbase 9 hours ago, worth approximately $1.23 million. The two institutions deposited a total of approximately $8.74 million worth of HYPE.
Odaily reports: According to monitoring by Onchain Lens, an institution transferred 90,000 HYPE from FalconX to Coinbase, valued at $4.85 million.
according to Lookonchain monitoring, a trader purchased 3,128 ETH 6 months ago, worth $5.95 million. The loss now exceeds $3.87 million, a decline of 40%. Today, the trader deposited all 3,128 ETH into Coinbase, intending to sell at a loss.
according to monitoring by Ember, one week after Multicoin Capital transferred 395,000 HYPE (approximately $37 million) to Coinbase, it continued to apply for the redemption of more HYPE from staking.Early this morning, 1.97 million HYPE (approximately $108 million) successfully exited staking after a 7-day pending period, of which 86,000 HYPE (approximately $4.78 million) was transferred to Coinbase Prime 3 hours ago.Over the past week, the price of HYPE has fallen by approximately 10%, dropping from $61 to $55.
According to monitoring by on-chain analyst Onchain Lens, a portion of HYPE previously unstaked by Multicoin Capital has been transferred to Coinbase. Data shows that after completing the unstaking, the institution received 1.29 million HYPE from Hyperliquid, worth approximately $71.1 million at the time; subsequently, 101,340 HYPE were transferred to Coinbase, worth approximately $5.6 million.
According to Onchain Lens monitoring, BlackRock transferred approximately $10.07 million in assets from its IBIT Bitcoin ETF and ETHB Ethereum ETF wallets. Among these, 158.57 BTC, valued at around $10.06 million, was moved to Coinbase Prime, while 4.49 ETH, worth about $8,500, was transferred to the BlackRock Coinbase Prime Wallet.
CryptoQuant 分析师 Darkfost 表示，数据显示，7 月比特币现货成交量延续下滑趋势，主要交易平台较 2024 年末高点普遍显著回落，整体市场活跃度已接近 2023 年熊市后期水平。其中，币安 7 月现货成交额超过 350 亿美元，但明显低于 2024 年 11 月的 2460 亿美元；同期，Bybit、Coinbase 和 OKX 的现货成交量分别下降 85%、61% 和 67%，显示成交萎缩并非单一平台现象，而是全球性趋势。
on July 27 that during an interview with crypto KOL Ansem, Coinbase CEO Brian Armstrong stated that the crash of related Meme coins triggered by his change of X avatar was a complete misjudgment of the community's reaction. He described it as a "wake-up call" and said he will try to communicate expectations more clearly in the future.Previously, the Meme coin Brain attracted market attention because it adopted the native B20 token standard introduced by the Base chain's Beryl upgrade, and its token name was derived from Brian Armstrong. After Brian Armstrong briefly changed his X avatar to match the coin's icon, the community speculated, driving up trading activity.Later, when Brian Armstrong changed his X avatar again, Brain faced massive sell-offs and gradually collapsed to zero, sparking controversy within the community.
Coinbase Institutional and Glassnode have jointly released a market report, maintaining a neutral outlook on the cryptocurrency market for the third quarter of 2026. In the second quarter, the total market capitalization of the crypto market (excluding stablecoins) declined by approximately 12%, while stablecoin supply reached an all-time high. On-chain data suggests that Bitcoin may be transitioning from a correction phase to an accumulation phase, characterized by compressed valuations, near-multi-year lows in recent active supply, and the proportion of supply in profit breaking below historical statistical lower bounds—historically corresponding to accumulation rather than distribution zones. However, the macro liquidity environment remains tight, with the Federal Reserve maintaining a hawkish stance under Kevin Warsh's leadership, a strong U.S. dollar, coupled with geopolitical risks, selling pressure from digital asset treasuries, and net outflows from spot BTC and ETH ETFs in the first half of the year (though the pace of outflows has begun to slow), thus overall caution is advised.
Injective has announced on X platform that native INJ has officially been listed on Coinbase, the largest cryptocurrency exchange in the United States. Coinbase users can now trade INJ and directly transfer INJ into the Injective ecosystem via deposit and withdrawal features.
According to monitoring by on-chain analyst Yu Jin (@EmberCN), BTC treasury company @KULRTech transferred another 145.8 BTC (approximately $9.45 million) to Coinbase Prime 5 hours ago. After multiple position reductions over nearly 3 months, its originally held 1,021 BTC (approximately $101 million) now remains at only 100 BTC (approximately $6.47 million). The company's average BTC reserve price was $98,923, while the average selling price was only $74,368, resulting in an accumulated loss of approximately $22.62 million. Currently, its official website's Bitcoin treasury page has been taken offline, and its official social media has not mentioned Bitcoin-related content for a long time; it is widely believed that the company has abandoned its Bitcoin treasury strategy.
Odaily News Bitwise released its "Q3 2026 Staking Report," showing that 40.2 million ETH has now been staked, accounting for 33% of the total ETH supply, a new all-time high. The increase in staking this year has primarily come from institutions, including staking ETFs, corporate treasuries, and other large holders. The report also indicates that the staking rates for the networks covered by Bitwise remain high, with Solana at 68%, Near at 45%, Hyperliquid at 44%, and Avalanche at 41%.Additionally, Ethereum’s throughput increased by 73% year-over-year, while Avalanche’s transaction volume reached four times that of the same period last year. Recently, Coinbase and Circle also staked 500,000 HYPE each on Hyperliquid, signaling that institutional staking is expanding to more emerging PoS networks.
Mizuho analysts stated that if the U.S. crypto market structure bill, the "Clarity Act," is passed, while it may generally benefit the digital asset industry, the long-term impact on Circle could be negative. The reason is that regulatory clarity will attract more large institutions into the stablecoin market, further accelerating stablecoin commodification and eroding the revenue potential of Circle's USDC.Mizuho believes that the primary pressure Circle faces in the near term comes from Open USD. This stablecoin project is backed by a coalition of over 140 financial, technology, and crypto companies, with members including Visa, Mastercard, Stripe, BlackRock, and Coinbase. Unlike Circle's model, which retains approximately 38% of USDC reserve yields, Open USD employs a "pass-through" model, distributing nearly all reserve yields to distribution partners while retaining only a small management fee.Analysts also noted that Coinbase, as the largest distributor of USDC, also supports Open USD. This could give Coinbase stronger bargaining power when renegotiating its revenue-sharing agreement with Circle in the future. The distribution agreement between the two parties could be up for renegotiation as early as next month.
Odaily reports, according to Onchain Lens monitoring, a Hyperliquid whale collateralized 100,000 wstHYPE and 103,000 stHYPE on HyperLend, borrowed 2 million USDC, and then deposited the 2 million USDC into Coinbase. The address is 0x8177b8dae5b3ce7de2ca6e5449ffc6aab2f626ba.
Odaily reports, monitored by Onchain Lens, a new wallet withdrew 74,900 HYPE worth approximately $4.39 million from Galaxy Digital and transferred it to Coinbase, presumably for sale.