Crypto News

Coinbase (COIN) has been downgraded to a sell rating by Compass Point, which also cut its year-end price target from $330 to $248, citing weaker-than-expected earnings and fading interest in crypto equities as key risks.COIN is trading modestly higher on Monday at $316 following last week's earnings-related 18% plunge.“While we remain constructive on the current crypto cycle, we expect a choppy 3Q alongside weak August/September seasonality and waning retail interest in crypto treasury stocks,” analysts wrote. “We also expect increasing stablecoin competition to weigh on both COIN and CRCL's valuations in 2H25.”Coinbase missed expectations for second-quarter results, and early third-quarter trends aren’t looking much better. Subscription and services revenue, a metric investors see as a reliable income stream, came in...

Bullish, the owner of the Bullish Exchange crypto platform, said it plans to raise as much as $629 million in its initial public offering (IPO) on the New York Stock Exchange.The company, which also owns CoinDesk, said it plans to sell 20.3 million ordinary shares with an expected price of $28-$31 per share according to an an amended F-1 document filed with the Securities and Exchange Commission on Monday. It expects to trade under the ticker “BLSH.”Funds managed by BlackRock and ARK Investment Management have shown interest in buying up to $200 million worth of shares at the IPO price, according to the amended F-1 document. The offerings' underwriters have the option to purchase an additional 3.045 million shares, depending...

On Monday at 9 a.m. Eastern time, XRP is trading at $2.99 to $3.00, up 3.9% in the past 24 hours, with a market capitalization of $177.31 billion. The cryptocurrency has posted a 24-hour trading volume of $4.85 billion and traded within an intraday range of $2.86 to $3.02, showing signs of consolidation after recentSource link

The crypto market is rebounding with Ethereum, XRP, and Ethena leading the way. However, most tokens remain in the red when compared to last week.Source link

Wormhole announces integration with Mezo, enabling multichain functionality for Bitcoin-backed MUSD via Ethereum, enhancing Bitcoin's utility and eliminating liquidity fragmentation. (Read More)Source link