Latest news with #CoinbasePrime
Yahoo
03-07-2025
- Business
- Yahoo
Coinbase Buys Up Token Management Specialist Liquifi. How Should You Play COIN Stock Here?
Coinbase (COIN) shares are extending gains in morning trading on Thursday after the crypto giant said it has acquired Liquifi for an undisclosed amount. The startup based out of San Francisco, California specializes in automating token vesting, streamlining distribution, and managing compliance workflows for crypto-related projects. Michael Saylor Says 'You'll Wish You'd Bought More' Bitcoin as MicroStrategy Doubles Down Wolfspeed Is Surging After Filing for Bankruptcy. Is It Too Late to Touch WOLF Stock Here? Is Microsoft Stock About to Go Nuclear? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Coinbase stock has been in a sharp uptrend over the past three months, and is currently up more than 145% versus its year-to-date low. The Liquifi acquisition is a positive for Coinbase since it reinforces its position as a full-stake crypto infrastructure provider. Integrating the Liquifi's token vesting, distribution, and compliance tools in Coinbase Prime enables the Nasdaq-listed firm to support crypto startups from inception to public listing – dramatically growing its total addressable market. Moreover, the announced transaction reduces friction in token launches – a notoriously complex process plagued by legal, tax, and liquidity-related hurdles. All in all, Liquifi could unlock significant further upside in COIN shares as the buyout reinforces the latter's growing dominance in regulated token services. Coinbase's buying spree underscores its utter commitment to diversifying revenue streams and deepening its presence across several verticals of the crypto market. Additionally, with regulatory clarity and increased blockchain adoption, COIN stock is positioned to rip higher from current levels, argued Oppenheimer analysts in their latest research note. Last week, the investment firm raised its price target on Coinbase shares to $395, indicating potential upside of another 11% from here. Oppenheimer expects continued innovation and 'more partnerships between traditional finance and crypto native ventures' to prove a meaningful tailwind for the crypto stock in the second half of 2025. Coinbase stock has rallied in recent weeks also because the Senate passed the 'GENIUS Act' – clearing the path for stablecoins to integrate more in mainstream finance. Still, other Wall Street firms believe much of the good news is already baked into COIN shares. While the consensus rating on the crypto stock remains at 'Moderate Buy,' the mean target of $296 indicate potential downside of some 16% from current levels. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-07-2025
- Business
- Yahoo
Coinbase Buys Up Token Management Specialist Liquifi. How Should You Play COIN Stock Here?
Coinbase (COIN) shares are extending gains in morning trading on Thursday after the crypto giant said it has acquired Liquifi for an undisclosed amount. The startup based out of San Francisco, California specializes in automating token vesting, streamlining distribution, and managing compliance workflows for crypto-related projects. Michael Saylor Says 'You'll Wish You'd Bought More' Bitcoin as MicroStrategy Doubles Down Wolfspeed Is Surging After Filing for Bankruptcy. Is It Too Late to Touch WOLF Stock Here? Is Microsoft Stock About to Go Nuclear? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Coinbase stock has been in a sharp uptrend over the past three months, and is currently up more than 145% versus its year-to-date low. The Liquifi acquisition is a positive for Coinbase since it reinforces its position as a full-stake crypto infrastructure provider. Integrating the Liquifi's token vesting, distribution, and compliance tools in Coinbase Prime enables the Nasdaq-listed firm to support crypto startups from inception to public listing – dramatically growing its total addressable market. Moreover, the announced transaction reduces friction in token launches – a notoriously complex process plagued by legal, tax, and liquidity-related hurdles. All in all, Liquifi could unlock significant further upside in COIN shares as the buyout reinforces the latter's growing dominance in regulated token services. Coinbase's buying spree underscores its utter commitment to diversifying revenue streams and deepening its presence across several verticals of the crypto market. Additionally, with regulatory clarity and increased blockchain adoption, COIN stock is positioned to rip higher from current levels, argued Oppenheimer analysts in their latest research note. Last week, the investment firm raised its price target on Coinbase shares to $395, indicating potential upside of another 11% from here. Oppenheimer expects continued innovation and 'more partnerships between traditional finance and crypto native ventures' to prove a meaningful tailwind for the crypto stock in the second half of 2025. Coinbase stock has rallied in recent weeks also because the Senate passed the 'GENIUS Act' – clearing the path for stablecoins to integrate more in mainstream finance. Still, other Wall Street firms believe much of the good news is already baked into COIN shares. While the consensus rating on the crypto stock remains at 'Moderate Buy,' the mean target of $296 indicate potential downside of some 16% from current levels. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
01-07-2025
- Business
- Yahoo
Circle's Trust Bank Bid: Will This Boost USDC's Market Dominance?
Circle Internet Group, Inc. CRCL, a global fintech leader and issuer of the USDC stablecoin, has formally applied to the Office of the Comptroller of the Currency (OCC) to establish First National Digital Currency Bank, N.A. If approved, this federally regulated trust institution would manage the USDC Reserve and offer digital asset custody services for institutional clients. The move is expected to bolster Circle's regulatory positioning and operational resilience. A federal trust charter would ensure compliance with upcoming legislation like the GENIUS Act, paving the way for the deeper integration of stablecoins into the U.S. financial system. By aligning with OCC oversight, the company aims to enhance confidence among regulators, institutions, and users, which is key to broader USDC trust bank would create new revenue streams through custodial and reserve management services while lowering regulatory friction across jurisdictions. It would also reduce Circle's reliance on third-party banks, improving cost efficiency and risk management. At present, the company's reserves are managed by BlackRock and held by BNY traditional banks, CRCL will not be allowed to accept cash deposits or issue with Circle's expanding global regulatory footprint—from BitLicense in New York to MiCA compliance in Europe and approvals in Abu Dhabi—this OCC application marks a pivotal step in building secure, compliant infrastructure for digital finance. The move supports the company's long-term strategy to reinforce the role of USDC in global markets and drive sustainable revenue growth through trust-based, regulatory-first innovation. Robinhood Markets HOOD offers commission-free trading across stocks, ETFs, options and cryptocurrencies. It also provides a cash management account, retirement accounts, margin investing through Robinhood Gold, and recently launched micro futures for select cryptocurrencies. Robinhood platform targets retail investors with a user-friendly app and real-time market Global COIN offers a secure platform for buying, selling and storing cryptocurrencies. Its products include spot trading, staking, crypto wallets, institutional custody (Coinbase Prime) and a derivatives exchange. Coinbase also provides a user-friendly mobile app, learning rewards and merchant payment solutions via Coinbase Commerce. Circle, as the first public stablecoin issuer, provides direct exposure to the growth of blockchain-based dollar payments and stands to gain from regulatory clarity under the proposed GENIUS Act. Hence, investors are bullish on CRCL stock, which has soared 117.8% since its IPO on June 5. In comparison, the industry has rallied 8.6% in the same time frame. Image Source: Zacks Investment Research The Zacks Consensus Estimate for Circle's 2025 and 2026 earnings are pegged at $1.21 and $1.56, respectively. In the past week, earnings estimates for both years have remained unchanged. Image Source: Zacks Investment Research CRCL currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Saylor's MicroStrategy wallet addresses revealed despite his warnings
Strategy (Nasdaq: MSTR), formerly known as MicroStrategy, has had its closely guarded Bitcoin wallet addresses identified by Arkham Intelligence, a move that goes against what co-founder and Executive Chairman Michael Saylor has publicly warned against. Arkham posted on X, 'SAYLOR SAID HE WOULD NEVER REVEAL HIS ADDRESSES ... SO WE DID,' claiming they've identified an additional 70,816 BTC belonging to Strategy, bringing the total to $54.5 billion. This represents 87.5% of Strategy's total BTC holdings, including those under Fidelity Digital's omnibus custody. 'Previously, we tagged: – 107K BTC sent to MSTR Fidelity deposits (Fidelity does not segregate custody, so these BTC do not appear in the MSTR entity) – Over 327K BTC held in segregated custody including Coinbase Prime, in our MSTR entity,' Arkham added. Saylor, a vocal critic of on-chain proof-of-reserves, recently said, 'The current, conventional way to publish proof-of-reserves is an insecure proof of reserves... It's not a good idea, it's a bad idea.' He likened publishing wallet addresses to 'publishing the addresses, bank accounts, and phone numbers of your kids in the hope of their safety, but it actually makes them more vulnerable.' 'You publish your wallet, that's an attack vector for hackers, nation-state actors, every type of troll imaginable,' he warned, advocating instead for self-custody and verification by a Big Four auditor. Saylor's MicroStrategy wallet addresses revealed despite his warnings first appeared on TheStreet on May 28, 2025
Yahoo
28-05-2025
- Business
- Yahoo
Ethereum ETFs Outperforming in May
Ethereum ETFs have gained strong momentum in May and are outperforming the other major asset classes. This is primarily due to a surge in the world's second-largest cryptocurrency, driven by a combination of institutional investments, technological advancements and favorable regulatory crypto is currently trading above $2,600, having gained 38% this month. Grayscale Ethereum Mini Trust ETF ETH, Bitwise Ethereum ETF ETHW, VanEck Ethereum ETF ETHV, iShares Ethereum Trust ETF ETHA and Grayscale Ethereum Trust ETF ETHE all soared more than 50% in a month. The Ethereum upgrade, Pectra, which went live mid-month, marks a major milestone for the crypto. Ethereum spiked 20% alone in a day following the successful rollout of its much-anticipated 'Pectra' network upgrade. The upgrade introduces a suite of enhancements aimed at tackling persistent challenges in the Ethereum ecosystem, including high transaction fees, usability issues, and scalability constraints. It thus enhances Ethereum's scalability and reduces transaction costs (read: 5 ETFs to Ride the Bullish Wave of Ethereum's Pectra Upgrade). The easing of trade tensions with the U.S.-China and EU-US trade deal talks has sparked optimism in Ethereum. Institutional interest has increased, with significant purchases from large investors indicating growing confidence in Ethereum's value. Let us delve into the abovementioned ETFs in detail:Grayscale Ethereum Mini Trust ETF (ETH)With AUM of $1.2 billion, Grayscale Ethereum Mini Trust ETF seeks to reflect the value of Ether held by the Trust. It is the lowest-cost Ether ETF in the United States, charging investors 15 bps in annual fees. ETH trades in an average daily volume of 2 million shares (read: all the Digital Economy ETFs here).Bitwise Ethereum ETF (ETHW)Bitwise Ethereum ETF seeks to provide exposure to the value of Ether. It has amassed $230.8 million and charges 20 bps in annual fees. ETHW trades in an average daily volume of 347,000 shares. VanEck Ethereum ETF (ETHV)VanEck Ethereum ETF seeks to reflect the performance of the price of Ether. It has gathered $113.5 million in its asset base and trades in an average daily volume of 82,000 shares. From July 23, 2024, to July 22, 2025, the expense ratio has been waived on the first $1.5 billion of Trust assets. Assets above that amount will incur a 0.20% annual Ethereum Trust ETF (ETHA)iShares Ethereum Trust ETF seeks to generally reflect the performance of the price of ether. It is managed by the world's largest asset manager and leverages a multi-year technology integration developed with Coinbase Prime, the world's largest institutional digital asset custodian. ETHA has AUM of $3.2 billion and trades in an average daily volume of 12 million shares. It charges 25 bps in annual Ethereum Trust ETF (ETHE)Grayscale Ethereum Trust ETF seeks to reflect the value of Ether held by the Trust. It is the first spot Ether exchange-traded product to commence trading in the United States. ETHE has an expense ratio of 2.50%. It has gathered $2.8 billion in its asset base and trades in an average daily volume of 4 million shares. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
