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$COIN 2X Long ETF(CONL.US)I’d use about $210–220 as a reasonable central target. The upside is substantial from the recent ~$160–170 area, but COIN remains heavily dependent on crypto prices/trading activity. That makes a 30–40% drawdown entirely plausible even if the long-term story remains intact. Recent analysts have actually been cutting targets after weaker Q2 results—for example, Freedom Broker cut to $185 and Cantor Fitzgerald to $184.
scary stock, my initial buy was more than 15.
• Software stocks are struggling amid mixed earnings and challenges in the AI sector.
• Some companies like Atlassian and Cloudflare reported strong earnings, while others like HubSpot did not. $Atlassian(TEAM.US) $CloudFlare(NET.US)• The Fed may consider a rate cut, influenced by job growth and inflation concerns. • The Clarity Act, a key crypto bill, faces uncertainty and may not be voted on soon. $Coinbase(COIN.US) $Circle(CRCL.US) • Sweetgreen's sales outlook worsened due to a lettuce-related illness, despite previous signs of recovery. $Sweetgreen(SG.US)
$Coinbase(COIN.US)will coinbase goes up or dn today, if goes dn, will need to dca
Arc mainnet is slated for Sep 16, and a $242 mn token presale lifted full-year other revenue guidance to $310–330 mn (vs. $150–170 mn).
However, reserve yield fell 66 bps YoY to 3.48%, and the total digital asset market cap shrank ~40% YoY, constraining USDC circulation growth to 19%.The company still targets a 40% cross-cycle USDC CAGR.0805 | Dolphin Research Focus: 🐬 Macro/Industry 1) Reports last night indicated the Trump administration is drafting new rules to impose an import ban on new data center components from China. The draft remains under internal review and is not yet a formal bill.
If enacted, it would disrupt the global AI compute supply chain, and China's data center hardware exports would likely come under pressure. It could also force overseas vendors to seek alternative supply, benefiting hardware capacity buildouts outside China. We will continue to track when the draft is released and its progress through Congress...$Coinbase(COIN.US) | Freedom Broker 𝗺𝗮𝗶𝗻𝘁𝗮𝗶𝗻𝘀 𝗕𝘂𝘆 on 𝗖𝗼𝗶𝗻𝗯𝗮𝘀𝗲 𝗚𝗹𝗼𝗯𝗮𝗹, cuts PT to $𝟭𝟴𝟱 from $𝟮𝟮𝟱
Analyst sees weaker revenue and earnings partly cushioned by expense discipline, while reiterating Buy and cutting the PT to $185.$Coinbase(COIN.US) | Mizuho 𝗺𝗮𝗶𝗻𝘁𝗮𝗶𝗻𝘀 𝗡𝗲𝘂𝘁𝗿𝗮𝗹 on 𝗖𝗼𝗶𝗻𝗯𝗮𝘀𝗲 𝗚𝗹𝗼𝗯𝗮𝗹, cuts PT to $𝟭𝟱𝟱 from $𝟮𝟬𝟬
Analyst sees a tough near-term setup as softer volumes and volatile transaction revenue outweigh promising newer bets.$Coinbase(COIN.US) Coinbase (COIN US) reported weaker-than-expected 2Q26 results.Net revenue fell 14% QoQ to US$1.15bn, while adjusted EBITDA dropped 31% QoQ to US$208mn, mainly due to softer crypto a...
$Coinbase(COIN.US) Is there any growth left in the company? Missing the numbers quarter after quarter.
$Coinbase(COIN.US) reported Q2 results, further deepening the Q1 slump.
Specifically:1) Trading remained weak: trading revenue fell 19% YoY. The company did not disclose headline trading volume this quarter, but Coinbase spot volumes dropped sharply YoY and QoQ.The industry showed the same trend. Per CoinGecko, Q2 industrywide spot crypto volumes fell 27% QoQ, and total market cap declined 11% QoQ. In the filing...COIN 2Q26 First Take: Crypto stayed under pressure in Q2 on higher-for-longer rate expectations, geopolitical frictions, and Strategy’s selling, with a sharp pullback in Jun. In this backdrop, results are unlikely to be strong. Some sentiment-driven de-rating likely occurred ahead of the print.
Beyond macro, the slow progress on the CLARIFY Act also weighed on sentiment. It remains stuck awaiting a Senate floor vote. With the Aug recess and midterms ahead, passage this year looks unlikely, removing a key catalyst for Coinbase.
1) Trading kept sliding: trading revenue fell 19% YoY. The company did not disclose legacy trading volume metrics this quarter, but Coinbase spot volumes declined sharply YoY and QoQ, in line with the broader market. That said, management’s disclosed market share metric continued to rise.
2) Subscriptions also lagged, with soft guidance: non-trading subscription revenue is driven by stablecoin income, staking income, Base chain revenue, and interest income. Q2 came in at $560 mn (-12% YoY, -5% QoQ). The mix is smoother than trading but still weakened.
By line item, stablecoin income largely tracked USDC market cap. Staking was hit by a double whammy of lower token market caps and yields, posting a steep decline. Only custody fees and Base chain revenue were relatively stable (+4% QoQ, -5% YoY).
For Q3, management guides subscription revenue to be flat QoQ and below Street expectations. This implies a slower near-term recovery in USDC expansion as well as in ETH/SOL prices and staking yields.
3) Continued increase in stablecoin holdings: the stablecoin market also shrank in Q2 amid the crypto slump and the CLARIFY overhang. USDC market cap fell to $73.5 bn (-5% QoQ), with more pronounced swings than USDT. This likely reflects USDT’s broader use cases, including commerce payments, and a higher non-US user base, making it less sensitive to rates and CLARIFY timing.
Coinbase kept adding exposure, with average platform-held and custodied USDC at $20 bn, 26% of circulating supply, up from 25% in Q1. The company has renewed its partnership with Circle. Both sides remain tightly aligned as ecosystem partners.
4) Core profit turned negative: with revenue under pressure and relatively sticky opex, margins compressed. Despite cost controls, severance, consolidating Deribit, and new product investments drove R&D up 22%. As a result, gross profit less operating expenses turned negative in the quarter.
5) Buybacks slowed: Coinbase repurchased $81 mn in Q2 (810k shares at an avg. $148.94), largely during the Jun selloff. That compares with ~ $1.1 bn in Q1, effectively slamming the brakes. $Coinbase(COIN.US)
Below is Dolphin Research's compiled transcript for $Coinbase(COIN.US) FY26Q2 earnings call. Section I: Core takeaways recap.
1. The Circle partnership auto-renewed on existing terms: the company met the renewal conditions, and the agreement will roll on the original terms, removing prior market uncertainty around renewal. The company will continue working with Circle to expand USDC's scale and build out its ecosystem.
2. Revenue mix is meaningfully more diversified: BTC-related trading revenue has fallen from historically more than half of total, to below half of total. ...
$Coinbase(COIN.US) a rung of the trade shares ladder sold for good profit. I still own shares and have a no green to red stop.
Source: Sunrise Trader
All of these popular retail stocks are currently up double digits or more today 🔥
$Nebius(NBIS.US) +17%$Applied Optoelectronics(AAOI.US) +16%$Cipher Digital(CIFR.US) +16%$Teradyne(TER.US) +13%$Western Digital(WDC.US) +13%$Micron Tech(MU.US) +13%$Sandisk(SNDK.US) +13%$Seagate Tech(STX.US) +12%$Coherent Corp.(COHR.US) +11%$Coinbase(COIN.US) +11%$AST SpaceMobile(ASTS.US) +11%$Ondas(ONDS.US) +10%$Coinbase(COIN.US) finally out of the choppy base gap up today should hold any pullbacks.
Source: Sunrise Trader
Some news on clarity act. Even $Coinbase(COIN.US) and $Circle(CRCL.US) are going up. COIN has a strong support at 170, ok ish resistance at 180. If it can clear 100ma, we may have a trade.
$Coinbase(COIN.US) underwater on this one. Stop not hit. See what next week brings.
Source: Sunrise Trader
$Coinbase(COIN.US) | Compass Point reiterates 𝐒𝐞𝐥𝐥 on 𝐂𝐨𝐢𝐧𝐛𝐚𝐬𝐞, maintains 𝐏𝐓 𝐚𝐭 $𝟏𝟒𝟎
Analyst sees the bull case hinging on the Clarity Act, with weak 3Q guidance expected and fundamentals deteriorating despite a stubborn valuation.Took my paydays $Oracle(ORCL.US) and $Coinbase(COIN.US) for great payday. I now settle into the full swings with cushion.
Source: Sunrise Trader
$Circle(CRCL.US) | Compass Point reiterates 𝐍𝐞𝐮𝐭𝐫𝐚𝐥 on 𝐂𝐢𝐫𝐜𝐥𝐞 𝐈𝐧𝐭𝐞𝐫𝐧𝐞𝐭 𝐆𝐫𝐨𝐮𝐩, 𝐫𝐚𝐢𝐬𝐞𝐬 𝐏𝐓 𝐭𝐨 $𝟔𝟐, 'we remain cautious'
Analyst cautiously raises PT, seeing the new ARC token as a near-term sentiment booster that could mask longer-term headwinds from COIN's Hyperliquid deal.