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3 Earnings Misses Later, Wall Street Will Not Give Up on Coinbase Stock

3 Earnings Misses Later, Wall Street Will Not Give Up on Coinbase Stock

  • Analysts cut their Coinbase stock price forecasts but still tell clients to buy.
  • Coinbase lost $359.5 million and missed expectations for a third straight quarter.
  • Bernstein kept a $330 target. Barclays stayed bearish at $95.
The Web’s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans 

The Web’s Missing Payment Primitive Didn’t Need Better Tech, It Needed to Ditch Humans 

  • Micropayments died since the 1990s on cognition, not technology.
  • x402 removes the human, not the friction, from the decision.
  • Average x402 payment is 32 cents, not a fraction of a cent.
3 Fed Officials Just Explained Their Rate Hike Vote: Is Inflation Winning?

3 Fed Officials Just Explained Their Rate Hike Vote: Is Inflation Winning?

  • Three Fed officials explained on Friday why they voted for higher rates.
  • Lorie Logan says inflation is stuck near 2.5%, not the 2% target.
  • All three want the same thing, but for very different reasons.
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Bitcoin Whales Scooped 40,100 BTC Worth $2.6 Billion in Nine Days

Bitcoin Whales Scooped 40,100 BTC Worth $2.6 Billion in Nine Days

  • Bitcoin whale wallets added about 40,000 BTC before a $233M ETF inflow day
  • US spot Bitcoin ETFs drew $233M on July 30, led by $183M into IBIT
  • August has closed red every year since 2022, Bitcoin's weakest month on record
Tom Lee vs Jordi Visser on the AI Trade: Both End Up at Ethereum

Tom Lee vs Jordi Visser on the AI Trade: Both End Up at Ethereum

  • Tom Lee says AI's next leg runs through crypto payment rails, not chips.
  • Jordi Visser argues the opposite, that AI's easy money is already gone.
  • Lee chairs BitMine, the largest corporate ether holder at 5.79 million ETH.
Tokyo Firm Liquidates Part of Ethereum Treasury to Fund AI Data Centers

Tokyo Firm Liquidates Part of Ethereum Treasury to Fund AI Data Centers

  • Quantum Solutions raised its ETH sale cap from 1,875 to 4,375 tokens.
  • Subsidiary GPT Pals Studio sold 1,000 ETH at $1,903 on July 30.
  • Proceeds will support the firm's AI data center business, including GPU purchases.
Stablecoin Banking Competition Expands Beyond Settlement

Stablecoin Banking Competition Expands Beyond Settlement

  • Stablecoins are gaining ground across payments, payroll, business transfers and settlement.
  • Card issuance, foreign exchange, compliance and account management offer providers greater revenue opportunities and stronger customer relationships.
  • Stablecoin neobanks face growing responsibility as they combine payments, yield, credit and trading within one product.
Australia Sues Telegram Over Alleged Failure to Remove Terror Content

Australia Sues Telegram Over Alleged Failure to Remove Terror Content

  • Australia's eSafety sued Telegram over alleged failure to remove pro-terror content.
  • Breaching Australia's online safety codes carries civil penalties reaching A$54.6 million.
  • The platform rejected the allegations and said it will contest them in court.