On today's episode of CNBC Crypto World, Circle shares jump after the stablecoin issuer posted a 53% increase in revenue, driven by strong stablecoin growth in the quarter. Plus, eToro CEO Yoni Assia discusses the retail trading platform's Q2 earnings results, the firm's plans to offer staking and what else investors can expect as it relates to the firm's crypto offerings.
Online brokerage firm eToro posts strong results. Shares are slipping.
The stablecoin company's shares rose in premarket trading after revenue beat Wall Street estimates
The IPO floodgates have swung open for breakthrough AI and crypto companies ready to shake up the market. Figma's debut joined CoreWeave and Circle in a rollercoaster ride of quick gains and sharp dips. A fresh name hits the trading floor this week as investors scout the next IPO winners.
Bitcoin tops $116K on 401(k) news. HOOD, PYPL, and IBKR are three crypto-focused stocks with rising earnings outlooks.
Coinbase Global Inc (NASDAQ:COIN) stock's fall from its July 18 record peak of $444.64 was made worse by an August 1 post-earnings bear gap of 16.7%.
On this week's episode of ETF Prime, Cinthia Murphy, investment strategist at VettaFi, highlighted several key shifts in the ETF landscape, including crypto ETF momentum. Later, Fundstrat's Tom Lee shares insights on the success of the Fundstrat Granny Shots US Large Cap ETF (GRNY) and ethereum's future.
JPM partners with COIN to enable direct crypto access, stablecoin rewards and tokenized banking. This marks a major step toward mainstream adoption of crypto.
Bullish, the cryptocurrency exchange backed by billionaire Peter Thiel, said it would be seeking a valuation of more than $4 billion in an initial public offering (IPO).
Shares of Coinbase Global Inc (NASDAQ:COIN) were last seen down 15.5% at $319.31, after the company's second-quarter earnings of 12 cents per share and revenue of $1.5 billion both missed estimates.
Coinbase's Q2 report disappointed investors with weaker sales in key segments and lower trading volumes despite a rise in Bitcoin. Coinbase's future is increasingly tied to institutional flows within a more regulated market, offsetting retail weakness but raising questions about long-term crypto fundamentals. COIN's valuation remains stretched, around that of traditional exchanges, with high growth expectations offset by greater risks given the youth and volatility of the crypto market.
Crypto stocks like IBKR, HOOD, V and PYPL show growth promise as Bitcoin steadies, eyeing a fresh rally after recent setbacks.