Coinbase hit with 50% price target cut as post-earnings rout deepens
Slowing trading activity and fallout from the Binance hack are clouding Coinbase’s revenue prospects, prompting Morgan Stanley to lower its rating on the stock.
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Slowing trading activity and fallout from the Binance hack are clouding Coinbase’s revenue prospects, prompting Morgan Stanley to lower its rating on the stock.
Bitcoin fell around 1.7% on Monday as stocks pared early gains fueled by hopes of a diplomatic resolution to the US-Iran war.
Brazil’s exchange Mercado Bitcoin paused deposits and withdrawals after a security breach, saying customer funds and data were safe.
The regulatory approval marks another step in Animoca’s shift from blockchain gaming and venture investing toward regulated institutional financial services.
Strategy spent $208.2 million buying back STRC preferred shares and $65.5 million on Bitcoin, while allocating $98.5 million to its USD Cash balance.
Who better to judge a dispute between AI agents than a jury of different AI models? That’s the idea behind GenLayer, which is already issuing thousands of judgements each day.
Binance’s SAFU Bitcoin wallet now holds about 7,500 BTC after a 7,499 BTC transfer linked to the hack, with no timeline for restoring the $1 billion fund.
The watchdog has not named the jurisdictions under review. Initial findings on compliance with its crypto standards are due in June 2027.
Crypto exchange Gate said it froze two linked accounts as US investigators urged platforms to block transactions tied to the $6.3 billion theft.
Bitcoin lost 7.3% in October 2026 after another decline the previous year, despite the month’s historically strong returns, as analysts reassess seasonal signals.
Trezor cited July’s Coldcard attacks, in which strong passphrases helped protect some users whose wallet recovery information was compromised.
The HKMA plans to bring regulated stablecoins into tokenized government debt trials, while HSBC says its RedCoin stablecoin has reached 50,000 users.
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