The momentum Hyperliquid (HYPE) exchange-traded funds (ETFs) had in May and June faded in July and early August, CoinDesk reported Thursday (Aug. 6), citing a report from JPMorgan.
Coinbase Global Inc (NASDAQ:COIN) shares fell around 9% in early trading on Friday following the company's second quarter results, which missed Wall Street expectations as weaker cryptocurrency market conditions weighed on revenue and profitability. Coinbase reported Q2 revenue of $1.22 billion, below analyst estimates of $1.3 billion, while the company posted a GAAP loss of $1.36 per share, co...
Shares of Coinbase Global slipped 5.6% in premarket trading on Friday after a third straight quarterly loss, though analysts expect strong fundamentals and business diversity to cushion it from a crypto cycle downturn.
Coinbase is no longer operating as just a crypto exchange. But the company's second quarter 2026 financials show that it's still earning like one.
Coinbase's Thursday report marked its third straight quarter missing Wall Street's forecasts for revenue and earnings.
The cryptocurrency exchange said revenue fell 19% in the second quarter to $1.22 billion, missing analyst estimates. Shares fell in after-hours trading.
Cryptocurrency exchange Coinbase Global on Thursday recorded a third consecutive quarter of losses, hurt by lower transaction revenue as a prolonged downturn in crypto markets curbed trading activity.