Latest news with #Cryptocurrency
Yahoo
2 hours ago
- Business
- Yahoo
Bitcoin, Ethereum, XRP, Dogecoin Under Pressure As Retail Traders Short Ahead Of FOMC
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Cryptocurrency markets are trading flat as retail traders increase short positions ahead of FOMC meeting and final tariff deadline of Aug. Ticker Price Bitcoin (CRYPTO: BTC) $118,141.45 Ethereum (CRYPTO: ETH) $3,781.15 Solana (CRYPTO: SOL) $178.44 XRP (CRYPTO: XRP) $3.09 Dogecoin (CRYPTO: DOGE) $0.2198 Shiba Inu (CRYPTO: SHIB) $0.00001288 Notable Statistics: IntoTheBlock data shows Bitcoin and Ethereum large transaction decreased by 9.6% and 20.8%, respectively. Daily active addresses moved higher by 2.5% and 12.7%, respectively. Coinglass data shows 121,880 traders were liquidated in the past 24 hours for $272.38 million. SoSoValue data shows net intflows of $79.9 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $218.6 million. Trader Notes: Bitcoin is forming a bullish rectangle pattern, according to trader Mags, signaling a strong continuation setup. A breakout and new all-time high may be imminent. Crypto Seth cautioned that many retail traders are shorting Bitcoin with 100x leverage ahead of FOMC, a risky strategy vulnerable to even minor price moves that could trigger massive liquidations. Trending: Be part of the breakthrough that could replace plastic as we know it—On the Ethereum front, traders continue to eye $4,000 as the major resistance level. Michael van de Poppe sees no significant shift in ETH's trajectory, anticipating further upside momentum but warning of a potential sharp correction after hitting $4,000. Ted Pillows echoed this, noting Ethereum has reclaimed liquidity and remains bullish above $3,632 support. Solana is at a critical juncture. Crypto Bullet urged bulls to defend the current support zone or risk a drop to $160. Dogecoin shows signs of resilience amid broader consolidation. Trader Tardigrade spotted a hidden bullish divergence on the 4-hour chart, with price forming higher lows while RSI prints lower lows—often an early sign of rebounding strength in a fading downtrend. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Bitcoin, Ethereum, XRP, Dogecoin Under Pressure As Retail Traders Short Ahead Of FOMC originally appeared 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
2 hours ago
- Business
- Yahoo
Coinbase (NASDAQ:COIN) Misses Q2 Sales Targets, Stock Drops
Blockchain infrastructure company Coinbase (NASDAQ:COIN) missed Wall Street's revenue expectations in Q2 CY2025 as sales rose 3.3% year on year to $1.5 billion. Its non-GAAP profit of $0.12 per share was 91.9% below analysts' consensus estimates. Is now the time to buy Coinbase? Find out in our full research report. Coinbase (COIN) Q2 CY2025 Highlights: Revenue: $1.5 billion vs analyst estimates of $1.56 billion (3.3% year-on-year growth, 4.3% miss) Adjusted EPS: $0.12 vs analyst expectations of $1.49 (91.9% miss) Adjusted EBITDA: $512.1 million vs analyst estimates of $588.7 million (34.2% margin, 13% miss) Q3 subscription & services revenue guide: $705 million vs analyst estimates of $742 million (5.0% miss) Operating Margin: -1.6%, down from 23.7% in the same quarter last year Free Cash Flow was $328.5 million, up from -$182.7 million in the previous quarter Market Capitalization: $96.15 billion Company Overview Widely regarded as the face of crypto, Coinbase (NASDAQ:COIN) is a blockchain infrastructure company updating the financial system with its trading, staking, stablecoin, and other payment solutions. Revenue Growth Reviewing a company's long-term sales performance reveals insights into its quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Luckily, Coinbase's sales grew at an incredible 61.7% compounded annual growth rate over the last five years. Its growth surpassed the average consumer internet company and shows its offerings resonate with customers, a great starting point for our analysis. Long-term growth is the most important, but within consumer internet, a half-decade historical view may miss new innovations or demand cycles. Coinbase's annualized revenue growth of 61.1% over the last two years aligns with its five-year trend, suggesting its demand was predictably strong. This quarter, Coinbase's revenue grew by 3.3% year on year to $1.5 billion, falling short of Wall Street's estimates. Looking ahead, sell-side analysts expect revenue to grow 6.6% over the next 12 months, a deceleration versus the last two years. This projection doesn't excite us and implies its products and services will see some demand headwinds. At least the company is tracking well in other measures of financial health. Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend. Cash Is King Although EBITDA is undoubtedly valuable for assessing company performance, we believe cash is king because you can't use accounting profits to pay the bills. Coinbase has shown terrific cash profitability, driven by its lucrative business model and cost-effective customer acquisition strategy that enable it to stay ahead of the competition through investments in new products rather than sales and marketing. The company's free cash flow margin was among the best in the consumer internet sector, averaging 25.7% over the last two years. Taking a step back, we can see that Coinbase's margin dropped meaningfully over the last five years. If its declines continue, it could signal increasing investment needs and capital intensity. Coinbase's free cash flow clocked in at $328.5 million in Q2, equivalent to a 21.9% margin. The company's cash profitability regressed as it was 11.5 percentage points lower than in the same quarter last year, which isn't ideal considering its longer-term trend. Key Takeaways from Coinbase's Q2 Results We struggled to find many positives in these results. Its revenue missed and its EBITDA fell short of Wall Street's estimates. Looking ahead, Q3 guidance for subscription and services revenue also came in below expectations. Overall, this quarter could have been better. The stock traded down 7.6% to $349 immediately after reporting. Coinbase's earnings report left more to be desired. Let's look forward to see if this quarter has created an opportunity to buy the stock. We think that the latest quarter is just one piece of the longer-term business quality puzzle. Quality, when combined with valuation, can help determine if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free.
Forbes
4 hours ago
- Business
- Forbes
Pakistan And El Salvador: An Example Of State-Level Bitcoin Adoption
Pakistan's Minister of State for Crypto and Blockchain, Bilal Bin Saqib, visited El Salvador in mid-July to establish strategic alliances and gain a deeper understanding of the bitcoin adoption process in the Central American country, to replicate and adapt the positive impact it's having overall in Pakistan. Bitcoin diplomacy is underway, and such is the state-level bitcoin adoption. We spoke with Mr. Bin Saqib to better understand what they found and how a synergy between the two countries could be fostered through the use of bitcoin and cryptocurrency. "One of the key learnings from El Salvador was that a clear national vision around bitcoin can transform a country's global image and accelerate digital literacy at scale. Their focus on bitcoin education and strategic nation branding stood out, as did their ability to turn a bold idea into a unifying narrative," Bin Saqib explained. Even with the different approach, Pakistan's representative said that El Salvador's "conviction" is inspiring. "While our approach differs, there's much to learn from their conviction and how they've used Bitcoin as a tool for empowerment and economic repositioning," Bin Saqib detailed. Pakistan's Path To State-level bitcoin adoption We were curious about the goals of Pakistan's strategy. For instance, EL Salvador made Bitcoin legal tender and created other laws to regulate digital assets and tokenization. Is Pakistan looking into a similar approach? Will there be a legal tender status for BTC in the country? "Our goal is simple: to position Pakistan as the crypto capital of South Asia by advancing forward-looking regulations that drive innovation, investment, and inclusion. We are focused on building a strategic Bitcoin reserve, launching pilot mining projects utilizing surplus electricity, upskilling our population, and establishing regulatory frameworks. We are carving out our path," Bin Saqib explained. "El Salvador showed us what's possible; we intend to take it even further in our context," he argued. During this visit, Pakistan's representative visited some energy and mining facilities and signed a letter of intent with the Bitcoin Office of El Salvador, a government body responsible for overseeing Bitcoin and related matters in the country. "The purpose of the LOI is to outline the mutual intention of the Parties to explore and establish a strategic collaboration in the fields of Bitcoin education, Bitcoin mining, sovereign Bitcoin reserves, and broader efforts to advance financial inclusion and digital economic empowerment through the responsible use of Bitcoin and decentralized technologies." the official Bitcoin Office X profile posted. "The visit made one thing clear: for emerging markets like Pakistan, Crypto & AI can act not only as a hedge, it's a chance to rewrite the narrative, attract global builders, and inspire the next generation to build with purpose," Bin Saqid concluded. This diplomatic encounter around bitcoin means an interesting milestone for both bitcoin and the nations involved. El Salvador is a pioneer, having created a regulatory framework and made history by declaring Bitcoin legal tender in 2021. Pakistan is an innovator, constantly seeking opportunities and learning from successful experiences. And bitcoin is not only part of laws and big conversations, it is becoming an important bet for developing countries in the race to build a better future. It appears that state-level bitcoin adoption will continue to grow along this path.
Reuters
12 hours ago
- Business
- Reuters
Breakingviews - Stablecoin buzz vexes Visa and Mastercard's repose
NEW YORK, July 31 (Reuters Breakingviews) - Cryptocurrency hype is making the outlook for the U.S. credit card duopoly more unstable than it has been in years. Visa (V.N), opens new tab and Mastercard (MA.N), opens new tab executives, speaking on earnings calls this — the first since the passage of legislation that could speed stablecoin adoption — largely dismissed the threat from dollar-pegged digital coins, which could let retailers or banks bypass their ubiquitous payment networks. Steady profit and strong valuations throughout years of potential disruptions offer some reassurance. But the soaring share price of stablecoin operator Circle Internet Group (CRCL.N), opens new tab, now worth over $40 billion, poses a challenge: both sets of investors can't be right. History suggests that the card companies will be resilient. Both beat analysts' expectations this quarter, according to LSEG data, with Visa's earnings up 8% to $5.3 billion and Mastercard's up 14% to $3.7 billion. Their networks' ubiquity and reliability, especially in the United States — where they process about 70% of all purchases, according to industry researcher Nilson Report — shielded them from past threats like Venmo-style payment apps. Meanwhile, political pressure to lower fees has waxed and waned, easing under the Trump administration. Visa and Mastercard shares are up 31% and 24% in the past year, trading at 28 times and 32 times expected earnings over the next 12 months, respectively. It's a lucrative business across the board. The duo collected from merchants a total of about $95 billion in their most recent fiscal years in swipe fees, which they split with banks and partners. The problem is that their cut is shrinking. Visa gleaned 6.6 cents of processing fees per transaction last quarter, down from nearly 9 cents a decade ago. Mastercard's similar swipe fees rose this quarter, partly due to currency shifts, but averaged 7.3 cents over the past year, down from nearly 8 cents the year before. Stablecoins aren't yet to blame. Both companies note that usage remains tiny compared to the roughly $15 trillion processed annually over Visa's network alone. They also argue that digital coins are most useful in countries with unstable fiat currencies. Still, the decline in per-transaction fees — driven by pricing pressure and business mix — exposes their vulnerability, while major merchants like Walmart (WMT.N), opens new tab are already eyeing adopting tokens. So far, Visa and Mastercard have held steady, offsetting any lost revenue with consulting and other services. But Circle's valuation, up sharply since its June listing, implies wildly optimistic hopes for stablecoin adoption, while others are crowding into the space. If that happens, the credit card giants' once-impenetrable repose may finally be shaken. Follow Stephen Gandel on LinkedIn, opens new tab and X, opens new tab.
Yahoo
19 hours ago
- Business
- Yahoo
Bitcoin Steadies At $118,000 As Ethereum, XRP, Dogecoin Push Higher
Cryptocurrency markets are up on Thursday, reversing a short-lived dip following a 'hawkish' press conference by Federal Reserve Chair jerome Ticker Price Bitcoin (CRYPTO: BTC) $118,477.01 Ethereum (CRYPTO: ETH) $3,847.15 Solana (CRYPTO: SOL) $181.23 XRP (CRYPTO: XRP) $3.16 Dogecoin (CRYPTO: DOGE) $0.2229 Shiba Inu (CRYPTO: SHIB) $0.00001309 Notable Statistics: IntoTheBlock data shows Bitcoin and Ethereum large transaction increased by 7.2% and 4.2%, respectively. Daily active addresses moved higher by 0.4% and 25.8%, respectively. Coinglass data shows 136,384 traders were liquidated in the past 24 hours for $423.35 million. SoSoValue data shows net intflows of $47.04 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $5.8 million. Trader Notes: Crypto trader George observed Bitcoin dipping slightly more than anticipated but successfully retesting its range lows. It now appears 'primed' for a breakout toward $121,000 and beyond. Michael van de Poppe noted Bitcoin experienced a brief liquidity sweep after the FOMC, but it quickly reclaimed its range and is looking strong and well-positioned for a move to new all-time Crypto Trades highlighted that Ethereum continues to respect Fibonacci retracement levels. While in 2021 price often bounced sharply at the 0.618, this cycle sees deeper retracements, often toward 0.786 or equal lows, before reversing. CW pointed out that Solana could rally to $270 but must first clear heavy resistance near $203 to unlock further upside. Galaxy identified a broadening wedge pattern in XRP, which continues to hold support around $3. This pattern often precedes sharp price discovery chart analyst Ali Martinez flagged a TD Sequential buy signal on the daily chart, suggesting a fresh leg up could already be underway across key altcoins. Read Next:Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Bitcoin Steadies At $118,000 As Ethereum, XRP, Dogecoin Push Higher originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
