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Leapmotors official Weibo account said that its deliveries in April reached 41,039 units, a year-on-year increase of 173%, setting a new record high in growth rate.1. MUFG: Expected to lower economic growth and core inflation forecasts for this year; even if the central bank is cautious about further rate hikes, the yen still has room to appreciate. 2. Bank of America: Trumps policies have increased uncertainty, pay attention to clues of rate hikes in June or July, and the expectation of the next rate hike has been postponed from June to the end of the year. 3. ANZ Bank: Expected to remain on hold amid uncertainty in trade policy, the press conference will adopt a cautious tone, and the expectation of the next rate hike will be postponed from May to October. 4. Reuters survey: 84% of economists expect interest rates to remain at 0.50% by the end of June; 52% of economists expect a rate hike in the third quarter. 5. Fanon Credit: Inflation expectations may be significantly lowered in view of the appreciation of the yen and the decline in oil prices. Pay attention to whether it will mention that the strengthening of the yen may slow the pace of policy normalization. 6. Citibank: Real wage increases support consumption, however, considering the implementation of reciprocal tariffs and automobile tariffs, we do not expect the Bank of Japan to raise interest rates this year. 7. S&P: Japanese interest rates are not expected to change until the second half of this year, but the Bank of Japans stance will be watched as inflation continues to rise. 8. Monex Securities: Expected to keep interest rates unchanged, with a focus on the outlook. The balance between rising inflation and increased uncertainty is key to the interest rate path. 9. IG Group: Expected to remain on hold given the continued uncertainty over tariffs and economic growth risks; wage growth exceeding inflation may add confidence to tightening policy. 10. Continuum Economics: Expected to keep interest rates unchanged and not change forward guidance; tariff uncertainty plus continued inflation puts it in a dilemma.According to the Wall Street Journal: Teslas (TSLA.O) board of directors has begun the process of finding a successor to Musk as CEO.New York gold futures fell below $3,250 an ounce, down 2.09% on the day.Starbucks (SBUX.O) is considering cutting spending on store upgrades, which could help ease investor concerns about the chains cost tussle. Starbucks CEO Brian Niccol told employees at a company-wide meeting that each Starbucks store remodel costs between $800,000 and $1 million, according to a recording obtained by CNN Business. The coffee chain is looking for ways to reduce the cost of these renovations, which could involve major changes such as electrical or plumbing upgrades.

COIN Stock Alert: Coinbase Falls on Reports of Withdrawal Delays

Skylar Shaw

Sep 02, 2022 14:38

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The recent run for Coinbase (NASDAQ:COIN) shares has not been smooth, and things aren't looking much better on Thursday. The announcement that the business is now looking into a network problem that is delaying deposits and withdrawals sent the price of COIN shares down around 5% for the day.


The organization said yesterday that it has resolved delays "in processing ETH/ERC-20 deposits on Coinbase.com and Coinbase Pro." Without giving much information, it is now experiencing a different problem with another outage.


Of course, having problems today is not a good thing. Prices for Bitcoin (BTC-USD) are falling, and the whole market is also suffering.


Coinbase has been having trouble overall. Shares have lost almost 75% of their value thus far this year, with a 90.5% loss from peak to trough. In spite of the fact that COIN stock had risen from its 2022 low, almost doubling at one time, it has suddenly dropped by about 50% over the last four weeks.

What Will Happen to COIN Stock?

The business announced its second-quarter profits on August 9. As sales decreased by more than 60% year over year, Coinbase fell short of revenue and profit projections. Since then, COIN stock has been under pressure and has decreased in 13 of the last 18 sessions.


However, according to JPMorgan analyst Kenneth Worthington, Coinbase received some positive news a few weeks ago. According to him, Coinbase will "meaningfully benefit" from the Ethereum Merge.


According to daily trade volume, Worthington said that Coinbase is America's biggest bitcoin exchange. He thinks that because of the company's excessive exposure to Ethereum, it is well-positioned for a greater revenue potential (ETH-USD). With regard to ether assets, Coinbase has "a bigger market share (15%) than the 7% share it holds in the broader crypto ecosystem."


Additionally, he predicts that "incremental yearly staking income from the ether merging will be $650M assuming an ETH price of $2K and a 5% ETH return"

Of sure, this is a plus, but does it really matter?

Currently, it is probable that investors will pay attention to the equity bear market, Coinbase's price movement and financial results, and the development in cryptocurrencies. Although Worthington's claim could be valid, the current trend is alarming.