New York Sues Coinbase, Gemini
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Coinbase stock gets a target boost ahead of earnings next month.
Coinbase and Bitcoin have lost 8% and 10% year to date, respectively, as I write this, but it looks like both could be turning a corner price-wise. Bitcoin recently reached $77,000, its highest price since early February. It is too early to say whether its price has actually bottomed, but its recent gains are a good sign.
Ripple transferred 75M XRP ($108M) to Coinbase on April 21. Analysis of on-chain data suggests liquidity management or ETF activity, not a dump.
Coinbase Global (NASDAQ:COIN) stock is down 7% today, sliding from $211.63 to $197.69, while Bitcoin (CRYPTO:BTC) is only down slightly, off 1.24% and trading near $75,521. That’s a striking gap. When COIN falls so much faster than Bitcoin on the same day,
Coinbase’s quantum computing advisory group says Algorand and Aptos are more prepared for quantum computing and has warned other proof-of-stake blockchains to begin upgrading as soon as possible.
Kalshi is preparing to introduce crypto perpetual futures in the U.S., setting up a rivalry with Coinbase as prediction markets merge with derivatives.
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Why Coinbase (COIN) shares are plunging today
What Happened? Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) fell 6.4% in the afternoon session after investor concerns grew over signals of softer crypto-activity and potential margin pressure ahead of its upcoming first-quarter earnings report.
Bitcoin's Coinbase premium has been positive for 14 straight days, the longest bullish streak since BTC hit its all time high of $126,000 in October. Here's what it means.