News · Cryptocurrency & Blockchain
Coinbase hit with 50% price target cut as post-earnings rout deepens
Slowing trading activity and fallout from the Binance hack are clouding Coinbase’s revenue prospects, prompting Morgan Stanley to lower its rating on the stock.
This is a short summary of a report by a third-party publisher. Newsline Press did not produce the original reporting.
Read the full story at CointelegraphOriginal publisher: Cointelegraph
This content is for information only and is not investment advice. See our disclaimers.
Spotted an error? Request a correction · Corrections Policy
Related stories
Crypto investigators flag suspected $106M theft, $786K Solana bot drain
A European entity may have lost $106 million from exchange accounts, while a wallet associated with a Solana arbitrage bot may have lost another $786,000.
Cointelegraph ·
Bitcoin risks drop below $76K as 7% oil slide fails to spark BTC price rally
Bitcoin fell around 1.7% on Monday as stocks pared early gains fueled by hopes of a diplomatic resolution to the US-Iran war.
Cointelegraph ·
Mercado Bitcoin wallets keep moving funds after $46M hack
Brazil’s exchange Mercado Bitcoin paused deposits and withdrawals after a security breach, saying customer funds and data were safe.
Cointelegraph ·
Animoca Brands clears final hurdle for Abu Dhabi fund management
The former mobile games company is building out its fund management business in Abu Dhabi as it targets institutional demand for stablecoins and tokenized assets.
Cointelegraph ·
EU entity suspected of losing $106 million from crypto exchange accounts, ZachXBT says
The unidentified attacker moved funds through ether, instant exchanges and Monero, but the victim and affected exchanges remain unknown.
CoinDesk ·
NYSE taps Wall Street giant Broadridge to bring shareholder voting to tokenized stocks
A key provider of shareholder voting and corporate services on Wall Street, Broadridge will help bring investor rights onchain for the exchange's upcoming venue.
CoinDesk ·