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Morning Minute: Coinbase Posts Surprise Loss as Crypto Trading Dries Up

Morning Minute: Coinbase Posts Surprise Loss as Crypto Trading Dries Up

Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt.

GM!

Today’s top news:

  • Crypto majors are red while stocks grind higher; BTC -2% at $63.7k
  • BTC ETFs see $233M in net inflows, 2nd biggest day since early May
  • Coinbase posts surprise loss in Q2 earnings; Strategy books $8.2B loss
  • NY AG files petition to shut down Kalshi, seeks $36B in damages
  • Coldcard exploit leads to $38M in Bitcoin losses

📉 Coinbase Posts a Surprise Loss as Trading Dries Up

Coinbase reported $1.22 billion in second-quarter revenue on Thursday, down 14% from the prior quarter and 19% from a year ago, along with a net loss of $359 million. COIN stock fell…

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