Crypto World
Schumer Pushes New Agency for Corruption Oversight, Targets Crypto Ties
Senate Minority Leader Chuck Schumer has introduced new federal legislation aimed at creating an “Anti-Corruption Bureau” with the power to investigate, enforce, and prevent executive-branch corruption. The proposal also folds into a wider political fight over cryptocurrency ethics and market-structure reform, as Schumer’s remarks directly referenced President Donald Trump’s financial ties to crypto.
According to Schumer’s office, the bill—called the Anti-Corruption Bureau Creation Act—would establish a new agency designed to replace what he described as a fragmented system of oversight bodies. Schumer and cosponsors presented the effort as a targeted response to conflicts of interest they say stem from public office and lucrative crypto-related investments.
Key takeaways
- Schumer introduced the Anti-Corruption Bureau Creation Act, proposing a dedicated US agency to investigate, enforce, and prevent executive-branch corruption.
- The bill’s rationale ties to alleged Trump-linked financial gains, including references to crypto exposure mentioned in Schumer’s Thursday notice.
- Schumer’s proposal would consolidate multiple ethics and oversight functions, grouping entities including the Federal Election Commission and other government ethics offices “under one roof.”
- Supporters position the bureau as a “real teeth” enforcement mechanism, while passage could still face hurdles in the House and Senate—and a potential veto by Trump.
- The timing overlaps with ongoing uncertainty around the Senate’s handling of the Digital Asset Market Clarity (CLARITY) Act, a major market-structure effort backed by many in the industry.
A new enforcement-focused anti-corruption bureau
In a Thursday press notice, Schumer said he introduced the Anti-Corruption Bureau Creation Act. He described the agency as one with enforcement authority, designed to “investigate, enforce, and prevent executive branch corruption.” The legislation also sets out “Congress’ findings” that Schumer claims include disclosures about Trump’s earnings from investments and additional crypto exposure connected to foreign governments through a family fund, as referenced in Schumer’s notice.
Schumer framed the proposal as an institutional fix. In remarks shared through a Public Citizen forum about the bill, he characterized the bureau as having “real teeth” and argued it would help harmonize enforcement across institutions that currently operate with overlapping or inconsistent authority.
The bill’s structure, as described in connection with the forum, calls for a bipartisan group of seven members to be confirmed by the Senate. It also includes mechanisms intended to allow private citizens and state authorities to seek recovery of funds they allege were stolen through corruption, according to descriptions tied to the proposal.
How crypto ethics enters the political equation
For Democrats weighing support for comprehensive crypto market structure legislation, President Trump’s business ties have become a central flashpoint. Many lawmakers, despite White House agreement to certain ethics provisions in the Digital Asset Market Clarity (CLARITY) Act, have argued that the offered safeguards do not fully address potential conflicts of interest.
Earlier coverage from Cointelegraph noted that debates around the CLARITY Act have kept ethics provisions at the center of discussions, with lawmakers saying the measures fall short. Schumer’s new anti-corruption bill adds a separate enforcement pathway to that same broader argument: that oversight should be strengthened to prevent public office from translating into private financial benefit, including in crypto-related business interests.
Consolidating enforcement and ethics offices
A notable feature of the anti-corruption proposal is its intent to gather multiple oversight functions under one organizational umbrella. As described in the coverage, the legislation would place the US Federal Election Commission, the Office of Government Ethics, and the Office of Special Counsel “under one roof” within the new bureau.
Supporters argue the consolidation would reduce the gaps they believe exist across current watchdog systems. Schumer’s messaging emphasized replacing “a broken patchwork of watchdogs” with a single agency capable of acting “anywhere, anytime corruption strikes.” Critics of the current system—particularly those focused on ethics enforcement—often point to jurisdictional complexity and uneven prioritization across agencies; this bill attempts to address that by reorganizing responsibilities rather than relying solely on incremental reforms.
Cointelegraph reported that it reached out to the White House for comment but did not receive an immediate response regarding the proposal.
Cosponsors, vote math, and what happens next
The bill was introduced by Schumer and has cosponsors including Senators Andy Kim, Alex Padilla, and Jeff Merkley. Passage would require Republican support in the House and Senate, where the party holds a slim majority.
Even if it advances before 2028, the president would have veto power. If Trump vetoed the legislation, Congress would need a two-thirds majority in both chambers to override it, according to the rules typically governing federal veto overrides.
The timing is also important because the Senate is approaching a break. As described in the coverage, the Senate had just over a week left before lawmakers planned to leave for a month-long state work period. That looming calendar could affect the speed at which both ethics-related and market-structure measures move in the upper chamber.
CLARITY Act uncertainty persists alongside the anti-corruption push
While Schumer’s anti-corruption proposal targets executive-branch conduct, it arrives in the midst of unresolved negotiations around the CLARITY Act, which many see as a key step toward a clearer US framework for digital assets.
As of Thursday, the Senate had not scheduled a vote on the CLARITY Act, despite pushes from Republican lawmakers and industry stakeholders. Cointelegraph previously highlighted that ethics provisions remain a sticking point for some Democrats, and this week’s status underscores how procedural timing may be just as decisive as policy design.
According to remarks attributed in the coverage to former SEC official John Reed Stark, after a public forum hosted by Senators Richard Blumenthal and Chris Van Hollen, it was unclear whether lawmakers would move the CLARITY Act during the available window. The same report cited statements from Coinbase CEO Brian Armstrong referring to the bill nearing a critical stage, alongside continued advocacy from Senator Cynthia Lummis for a vote.
The political sequence matters for market participants: if crypto market structure legislation is delayed by calendar constraints, lawmakers may re-focus on broader political disputes about ethics and enforcement, potentially reshaping what “safe enough” looks like for legislators and regulators. Conversely, if the CLARITY Act advances, it could clarify the legislative pathway for industry—while leaving ethics and anti-corruption reforms to run in parallel.
For now, investors and builders should watch two developments closely: whether the Senate schedules and votes on the CLARITY Act before its break, and whether Schumer’s anti-corruption bureau proposal gains traction early enough to overcome House and Senate vote hurdles and any eventual veto risk.
Crypto World
Bitcoin, Ethereum Outperform Markets in July as Chip Stocks Plunge 22%
Bitcoin (BTC) and Ethereum (ETH) look set to finish July ahead of most major asset classes, with the former adding over 7% and the latter gaining almost 20% in the last 30 days.
The performance adds to a month of recovery for the two largest cryptocurrencies after a difficult first half of 2026, although historical data suggests August has been a much tougher month for BTC.
Bitcoin and Ethereum Lead July Returns
Data from CoinGlass at the time of writing showed that Ethereum had gained 19.5% during the month while Bitcoin had risen 7.37%. Meanwhile, a comparison by analyst Ash Crypto across major markets showed chip stocks fell 22% in the same period, with the Nasdaq 100 and the Russell 2000 slipping by 9% and 3%, respectively.
The S&P 500 also fell, but its decline was much smaller than that of its counterparts, at about 1%. Silver dropped by 2.64%, but gold was little changed, adding just 0.38% to its value over 30 days.
What makes the gains by the cryptocurrencies noteworthy is that before July, they had endured a rough 2026. CoinGlass data shows BTC fell more than 10% in January, as it continued a red run that had started in October 2025. That sequence continued into February, when the OG crypto lost almost 15%, before reprieves in March and April. May registered a -3.41% return and June recorded the worst drop of the year so far when the asset lost over 20% of its worth.
Ethereum’s first two quarterly performances were just as bad, with Q1 returns at -21.26% and those for Q2 at -25.28%.
Recall that BTC started July trading near $58,000 but gradually climbed the chart, hitting a monthly high near $67,000 last week before price action started cooling somewhat. It was pretty much the same with ETH, as CoinGecko data shows it kicking off the month near $1,500 and eventually ending up very close to $2,000 as July drew to a close.
At the time of writing, the world’s second-largest cryptocurrency was changing hands just above $1,900, having shed about 1% in the last seven days. However, despite the good monthly run, it’s still more than 50% lower than where it was a year ago and about 61% away from its August 2025 all-time high. Bitcoin, on its part, has settled near $64,000, which is almost half of its own ATH, after shrugging off the slight volatility that came with yesterday’s decision by the Fed to keep interest rates unchanged.
August Record Keeps Traders Cautious
While July brought relief for crypto investors, CoinGlass data points to a recurring seasonal pattern. Every August since 2022 has ended with Bitcoin posting a monthly loss, including declines of 6.49% in 2025, 8.6% in 2024, 11.29% in 2023 and 13.88% in 2022.
That backdrop has kept analysts divided on what comes next, with Ali Martinez forecasting that Bitcoin’s bear market could last until October, while traders Pepesso and Crypto Lens expect another move lower before a broader recovery begins in 2027.
The post Bitcoin, Ethereum Outperform Markets in July as Chip Stocks Plunge 22% appeared first on CryptoPotato.
Crypto World
Everything is becoming a perp
Then the regulator stepped in. On June 22, the CFTC opened a request for comment on extending perpetual contracts to physically-delivered crude oil; 67 questions on reference prices, liquidity, position limits, and customer protection. And when the CME tried to self-certify its 24/7 oil contract in July, the CFTC stayed it, blocking the fast track and forcing a full review first.
This story – the market sprinting toward round-the-clock leveraged access to everything, and the rule-writers trying to decide how fast is safe – will keep repeating as the U.S. works to onshore derivatives flow and exchanges push for a level playing field with their offshore counterparts. When the biggest U.S. derivatives exchange is shrinking oil contracts for 24/7 retail access, and the U.S. derivatives regulator is drafting the rules for perpetual oil, you can stop debating whether the model won. It won.
So the interesting conversation isn’t “are perps spreading.” It’s three sharper questions: which asset classes get perpetuals next, where the leverage actually concentrates, and what breaks along the way.
On what’s next, follow the friction. Perps are most valuable precisely where the traditional market is most annoying, where it closes at night, gates you by geography, demands accreditation, or settles at a crawl. That’s why commodities, pre-IPO equities, and hard-to-reach foreign stocks got perpetuals first: enormous latent demand, hopelessly constrained access. The same logic points straight at private credit, carbon, freight, and the long tail of real-world assets coming onchain. Anything with a reference price and a frustrated audience is a candidate. The underlying almost doesn’t matter; the demand to trade it freely does.
Crypto World
MoonPay launches PayBox for ChatGPT crypto payments
MoonPay has launched PayBox, a noncustodial payment vault that lets users prepare and execute crypto transactions or online purchases through ChatGPT and Claude.
Summary
- PayBox connects with ChatGPT and Claude through custom connectors and natural-language commands.
- Users can buy, swap, bridge or deposit crypto and complete travel, dining and retail purchases.
- Passkey approvals and user-defined spending limits control what connected AI assistants can execute.
- MoonPay supports Solana and several EVM networks, including Ethereum, Base, Arbitrum and Polygon.
MoonPay PayBox turns AI conversations into transactions
PayBox allows users to connect a payment vault to ChatGPT or Anthropic’s Claude and describe a transaction in plain language. The AI assistant can then research available options, prepare the transaction, and execute it under permissions set by the user.
Supported crypto actions include buying digital assets with fiat currency, swapping tokens, moving assets between blockchains, and depositing funds into decentralized finance protocols. PayBox can also complete commercial transactions such as booking flights, reserving restaurant tables and purchasing goods from online retailers.
The launch extends AI assistants beyond research and transaction preparation by giving them limited authority to act on a user’s behalf. However, that authority depends on the security settings attached to the PayBox account.
MoonPay said the product is live through the PayBox website. Users must connect it to a supported AI platform through a custom connector before issuing payment instructions.
Passkeys and spending rules limit AI access
PayBox offers two authorization models. Under the “Always Ask” setting, every transaction requires the user to approve the action with a passkey. The approval applies to only one transaction and expires after use, preventing the AI from applying it to a different payment.
The “Autonomous” model allows the connected assistant to operate within spending limits and other rules chosen by the user. This option removes the need to approve each eligible transaction separately, but it does not give the assistant unrestricted control over the vault.
Any change to the permission model or transaction rules requires another passkey authorization. Users can therefore define how much the assistant can spend and the types of actions it can perform before enabling autonomous execution.
PayBox supports both crypto wallets and payment cards. For wallet transactions, private keys are divided using multiparty computation and stored across secure hardware environments. MoonPay said neither it nor the connected AI assistant can independently reconstruct the complete key or authorize an asset transfer.
Card payments use Visa’s agentic commerce protocol, allowing the assistant to complete approved purchases without receiving or storing the underlying card number.
PayBox supports Solana and major EVM networks
MoonPay has added support for Solana and several Ethereum Virtual Machine-compatible networks. The initial list includes Ethereum, Hyperliquid, Tempo, Base, Robinhood Chain, Arbitrum and Polygon.
The vault also integrates with x402, an open payment standard designed for services that accept transactions initiated by AI agents. MoonPay said its first x402 integrations cover travel bookings, restaurant reservations and purchases from major online retailers.
The network coverage lets users carry out several steps through one conversation. An assistant could, for example, help a user acquire an asset, bridge it to another blockchain and deposit it into a supported DeFi protocol, provided every step falls within the account’s permissions.
The product relies on security technology developed by Sodot, a key-management company MoonPay acquired earlier in 2026. MoonPay said Sodot’s infrastructure secures more than $50 billion in assets across over 10 million wallets.
MoonPay expands from institutional trading into AI payments
PayBox follows MoonPay’s recent expansion into tokenized financial products. As crypto.news reported in June, Franklin Templeton added its BENJI tokenized money market fund to MoonPay Trade.
That integration allows institutional users to exchange USDC, USDT and other stablecoins for BENJI through MoonPay’s on-chain trading platform. It also gives BENJI holders access to stablecoin liquidity and supports uses such as treasury management, portfolio rebalancing, collateral and liquidity provision.
PayBox targets a different part of the market by connecting consumer and crypto payments directly with conversational AI. MoonPay describes the vault as noncustodial because users retain control of their assets and neither MoonPay nor the AI provider can move funds alone.
For US users, PayBox’s use of Visa’s agentic commerce framework could make AI-assisted card payments more practical, while passkey controls may help address concerns over unauthorized purchases. Access to individual crypto assets, DeFi protocols, and payment services may still depend on location and the rules applied by each provider.
Crypto World
Senator Schumer Proposes Agency to Address Corruption, Including Trump’s Crypto Ventures
Senate Minority Leader Chuck Schumer introduced legislation to create a new US government agency focused entirely on addressing corruption at the federal level, noting President Donald Trump’s gains from “various, and extremely lucrative, cryptocurrency ventures.”
In a Thursday notice, Schumer said that he had introduced a bill called the Anti-Corruption Bureau Creation Act, which, if passed, would have the authority to “investigate, enforce, and prevent executive branch corruption.” The text of the bill addressed Congress’ findings that Trump had disclosed earning more than $2 billion from investments in 2025, including $1.4 billion tied to crypto, and his family had more than $1 billion in a crypto fund tied to foreign governments.
In a Public Citizen forum describing the bill, Schumer described the anti-corruption agency as having “real teeth” with enforcement authority, and consisting of a bipartisan group of seven members to be confirmed by the Senate. The legislation also provided mechanisms for private citizens and state authorities to recover funds that Schumer said had been stolen from Americans “through corruption.“
“This new bureau is one where these institutions work in symbiosis, strengthening each other and eliminating barriers between them which often got in the way,” said Schumer. “It replaces a broken patchwork of watchdogs, none of which were built for this moment, with one, powerful anti-corruption agency, ready to act anywhere, anytime corruption strikes.”

Senator Chuck Schumer announcing the Anti-Corruption Bureau Creation Act on Thursday. Source: Public Citizen
Trump’s ties to the cryptocurrency industry have been a sticking point for many Democrats in Congress considering their support for a comprehensive market structure bill called the Digital Asset Market Clarity (CLARITY) Act. Although the White House agreed to certain ethics provisions in the bill, many lawmakers say the measures do not go far enough to address the president’s potential conflicts of interest.
Related: Ethics remain sticking point as crypto market structure bill goes to markup
Notably, the proposed anti-corruption agency would place the US Federal Election Commission, Office of Government Ethics and Office of Special Counsel “under one roof“ within the new bureau. Cointelegraph reached out to the White House for comment on the proposed legislation but did not receive an immediate response.
Senators Andy Kim, Alex Padilla and Jeff Merkley cosponsored the bill with Schumer. The introduction of the bill also came the same week Senators Richard Blumenthal and Chris Van Hollen held a public forum to address Trump’s ties to the crypto industry.
The bill would require Republican support to pass in the US House of Representatives and Senate, where the party holds a slim majority. If it were to advance in both chambers before 2028, Trump could still veto the legislation and send it back to Congress, where it would need a two-thirds majority to override the president’s action.
Crypto bill is still under consideration in Senate
The US Senate has just over a week left before lawmakers break for a month-long state work period, leaving many scrambling to pass bills before the 2026 US midterms potentially complicate discussions on their return.
“The big question at this very minute is where the CLARITY Act stands,“ said former US Securities and Exchange Commission official John Reed Stark following his appearance at Blumenthal’s and Van Hollen’s Monday forum. “Of all the experts and political insiders I spoke with yesterday, not one could say for sure what happens this week with the CLARITY Act. There is enormous drama surrounding this legislation.“
As of Thursday, the Senate had not scheduled a vote on the bill, despite pushes from many Republican lawmakers and industry leaders. Coinbase CEO Brian Armstrong said on Wednesday that the bill was at the “one-yard line,“ and Senator Cynthia Lummis, who has long advocated for the market structure legislation, has continued to push for a vote.
Magazine: Will the crypto lobby’s $189M campaign get CLARITY over the line?
Crypto World
South Korea Arrests Suspects in Fake FXRP Scam That Stole $8.6M in XRP
South Korean authorities have uncovered a cryptocurrency fraud case that exploited interest in a newly launched blockchain token. The operation targeted XRP holders through a fake investment platform that disappeared after collecting millions of dollars in digital assets.
Authorities launched their investigation after an overseas cryptocurrency exchange flagged suspicious transactions. Within three days of receiving the alert, investigators traced the activity and froze digital wallets holding most of the stolen assets.
How the Scam Worked
According to the probe, the fraudulent website appeared shortly after the Flare Network introduced its FXRP token in October 2025. The platform promised monthly returns of 1.5% to 1.8% while claiming users’ original deposits would remain protected.
The investigation found that the group created convincing online material to support the fake project and make it appear legitimate. False reference pages, blog posts, online articles, and promotional videos were published to strengthen trust among potential victims.
The probe also revealed that victims were instructed to move their XRP through overseas exchanges before sending funds to designated wallet addresses. This process made the transfers appear more credible while helping the organizers distance themselves from the stolen assets.
Ultimately, the website operated for slightly more than one week before shutting down without warning after attracting deposits. During that period, seventy-one victims transferred about 3.4 million XRP worth roughly $8.6 million (12.3 billion won) into wallets controlled by the suspects.
Where the Stolen Funds Went
Blockchain tracing later showed that the suspects’ wallets handled digital assets worth approximately $19 million (27.3 billion won) during the operation. Officials froze about $12.1 million (17.3 billion won) on foreign exchanges, while the remaining funds have not been recovered.
The confirmed losses averaged around $121,000 (173 million won) per victim, although the amounts varied significantly. Police said at least one victim reported losing more than one billion won through the fraudulent platform.
The financial investigation eventually led to several arrests in South Korea. Three men in their late twenties and thirties were taken into custody in South Korea during the investigation. Two suspected organizers face aggravated fraud charges, while another suspect remains overseas under an international alert.
The post South Korea Arrests Suspects in Fake FXRP Scam That Stole $8.6M in XRP appeared first on CryptoPotato.
Crypto World
US Senators Sent Revised Ethics Rules to White House for CLARITY Act
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Crypto World
Coinbase (COIN) sinks 5% after missing Q2 revenue estimates
In a post on X, CEO Brian Armstrong pointed to the company’s expanding businesses beyond spot trading, including stablecoins, Base and prediction markets, noting that Coinbase reached a record 10.3% share of global crypto trading volume during the quarter.
CFO Alesia Haas struck a more measured tone, saying crypto market conditions were challenging as industry spot trading volumes fell more than 20% and the total crypto market capitalization declined by double digits. She said those conditions contributed to a 14% quarter-over-quarter decline in Coinbase’s total revenue.
Several Wall Street firms lowered estimates ahead of earnings and trimmed EBITDA forecasts as lower crypto prices weighed on institutional trading, blockchain rewards and retail activity.
Investors remained focused on Coinbase’s efforts to reduce its dependence on transaction fees.
Subscription and services revenue, which includes USDC interest income, staking, custody, Coinbase One memberships and institutional services, has become a key measure of whether the company can generate more stable revenue through crypto market cycles.
Analysts also watched for updates on newer businesses, including derivatives, prediction markets and Base, Coinbase’s Ethereum layer-2 network.
The company will host a call with investors at 5pm E.T.
Crypto World
Coinbase Q2 Earnings Miss Estimates as Crypto Trading Slows
Crypto exchange Coinbase reported mixed second-quarter results on Thursday, missing Wall Street expectations on profitability as weaker trading activity weighed on results despite the company capturing a record share of the crypto market.
In the second quarter, Coinbase generated roughly $1.2 billion in net revenue, broadly in line with expectations but down 19% from a year earlier. The company reported a GAAP net loss of $359 million, significantly wider than analysts’ expectations for a roughly $122 million loss. Transaction revenue, subscription and services revenue, and adjusted EBITDA also fell short of consensus estimates.
Despite the losses, the exchange posted an all-time-high 10.3% share of global crypto trading volume, up from 9.1% in the first quarter, even as industry-wide trading activity weakened.
Transaction revenue totaled $599 million, below analyst expectations of $636 million, while subscription and services revenue came in at $555 million, missing the $590 million consensus estimate.
Coinbase attributed the decline in transaction revenue to weaker consumer and institutional trading activity amid a 25% quarter-over-quarter drop in total crypto spot trading volume, lower market volatility and weaker crypto prices.
The results come as Coinbase continues to position itself as an “Everything Exchange,” broadening its business beyond spot cryptocurrency trading into derivatives, prediction markets, tokenized assets and payments.
Coinbase shares fell more than 5% in after-hours trading.
Magazine: CLARITY hopes fade, BitMEX shuts as lawsuit looms: Hodler’s Digest, July 26
Crypto World
Strategy posts $8.2B Q2 loss as Bitcoin slump drives unrealized losses

The Bitcoin treasury company said it has built a $3.75 billion cash reserve to support preferred stock payouts following the launch of its BTC monetization program.
Crypto World
Coinbase Q2 Earnings Miss Drags COIN Lower as Losses Hit 3rd Quarter
Coinbase posted a $359.5 million net loss on second quarter revenue of $1.22 billion, below Wall Street’s $1.29 billion consensus. COIN shares fell 5.44% after hours to $154.68.
The selloff erased a 2.18% regular session gain that had left the stock at $163.58. Investors looked past a record trading market share and fixed on the shrinking top line.
Coinbase Revenue Miss Extends a Losing Streak
This was the third straight quarter in the red. Losses have narrowed each time.
Coinbase lost $666.7 million in the fourth quarter of 2025 and $394.1 million in the first. Diluted loss per share came in at $1.36, while transaction revenue reached $599.2 million.
Adjusted EBITDA stayed positive at $207.8 million, a 14th consecutive quarter above zero. That figure fell from $303.3 million three months earlier.
Restructuring costs added $52.4 million. The line had read zero for 10 straight quarters before Coinbase began cutting 700 jobs earlier this year. Citi had already cut its price target by 41% days before the report.
Record Market Share Lands in a Shrinking Market
Crypto trading volume market share climbed to 10.3% from 9.1% in the first quarter, a third consecutive record. Derivatives share also hit an all-time high for the third quarter running.
Meanwhile, the wider crypto derivatives market contracted by double digits over the same stretch.
Prediction markets did the heaviest lifting. Contracts and revenue both more than doubled, growing 106% quarter over quarter. The business crossed $100 million in annualized revenue.
Those gains landed against a weak backdrop. Bitcoin spot trading volumes fell toward multi-year lows in July. Rival Robinhood saw crypto revenue drop 38% year over year.
Stablecoins Now Carry More of the Load
Subscription and services revenue reached $555.1 million, or 48% of net revenue. That share stood at 29% in the fourth quarter of 2024.
Coinbase said 88% of net revenue came from sources other than Bitcoin spot trading. Average USDC held in Coinbase products hit a record $20 billion. That is more than 30% of the dollar-pegged stablecoin in circulation at quarter end.
Stablecoin transaction volume on Base, the company’s own layer-2 network, rose sevenfold year over year.
“Coinbase is no longer a bet just on the price of Bitcoin. All of financial services are getting updated by crypto, whether that’s trading or payments or lending, and Coinbase is the best-positioned company in the world to power this,” Brian Armstrong, Coinbase co-founder and chief executive, in the earnings release.
Follow us on X to get the latest news as it happens
What Comes Next
Coinbase reduced and narrowed its 2026 adjusted expense guidance. The company now implies GAAP technology, administrative and marketing costs of $4.34 billion to $4.6 billion this year.
“Despite market headwinds, our fundamentals remain strong as we consolidate trading share and continue to build through the cycle,” Alesia Haas, Coinbase chief financial officer, in the same release.
One question now hangs over the second half. Can a bigger slice of a smaller market lift revenue once trading volumes recover?
The post Coinbase Q2 Earnings Miss Drags COIN Lower as Losses Hit 3rd Quarter appeared first on BeInCrypto.
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