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Coinbase Q2 Earnings Miss Drags COIN Lower as Losses Hit 3rd Quarter

  • Coinbase posted a $359.5 million second quarter loss and missed revenue estimates.
  • COIN fell 5.44% after hours to $154.68 once the results landed.
  • Crypto trading volume market share hit a record 10.3%, up from 9.1%.
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.
Robinhood Sank After a Blowout Quarter: Rebound, or a Slide to $76?

Robinhood Sank After a Blowout Quarter: Rebound, or a Slide to $76?

  • Robinhood stock slipped below $90 despite a record Q2 earnings beat
  • Prediction markets topped crypto for the first time, hitting $156 million
  • Losing $89.87 support opens the door toward a $76 slide
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Up 439%, Then Margin-Called: Did Leopold Aschenbrenner’s Situational Awareness Actually Blow Up?

Up 439%, Then Margin-Called: Did Leopold Aschenbrenner’s Situational Awareness Actually Blow Up?

  • Leopold Aschenbrenner's fund made 439% in six months, then lost its stock book.
  • Citadel bought most of it days after a Griffin firm predicted a rate hike.
  • Filings show bitcoin miners grew from 0% to a quarter of the book.
Japan Cuts Fiscal 2026 Growth Forecast to 0.9% on Oil and Weaker Yen

Japan Cuts Fiscal 2026 Growth Forecast to 0.9% on Oil and Weaker Yen

  • Japan cut its fiscal 2026 growth forecast to 0.9%, down from the 1.3% projected in January.
  • The government now assumes crude oil at $92.5 per barrel, up from $68 before.
  • Growth should recover to 1.1% in fiscal 2027, supported by investment and public-private projects.
Veteran Macro Investor Says AI’s Easy Money Is Over and Bitcoin Is Next

Veteran Macro Investor Says AI’s Easy Money Is Over and Bitcoin Is Next

  • Google burned cash for the first time since it went public in 2004.
  • Jordi Visser says AI's easy money is gone and Bitcoin comes next.
  • Goldman says US stocks lack the fuel for a real breakout.
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.
30-Year Treasury Yield Hits 2007 High as Bond Market Doubts the Fed

30-Year Treasury Yield Hits 2007 High as Bond Market Doubts the Fed

  • The 30-year Treasury yield closed at 5.20%, the highest since July 2007.
  • Three Fed officials voted to raise rates, but the majority held firm.
  • Bitcoin held near $64,730 as US inflation cooled to 3.7% in June.