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Express News | Cathie Wood: The crypto market may have bottomed out, with Bitcoin remaining the preferred choice for institutions.
Express News | The suspect who impersonated Coinbase customer service and defrauded users of USD 6.5 million in October 2024 has been arrested.
How much did you miss from the key market intelligence on December 15?
1. On-chain capital: This week, $182.1M flowed into Hyperliquid, while $136.9M flowed out of Ethereum. 2. Largest gains and losses: $BEAT, $KGEN. 3. Top news: The U.S. employment data, CPI, and index rebalancing will be the focus this week, with liquidity expected to be a key highlight.
Coinbase Update, U.S. Jobs, Bank of Japan: Crypto Week Ahead
Carvana, Robinhood, Coinbase—the three stocks that suffered the steepest declines in the 2022 U.S. equity bear market have all joined the S&P 500 this year.
Carvana, Robinhood, and Coinbase, which were on the brink of bankruptcy in 2022, achieved full profitability in 2024 and were subsequently included in the S&P 500 Index after implementing stringent cost-cutting measures and strategic transformations. This turnaround not only signifies the renewed mainstream acceptance of their business models but has also inflicted substantial losses on investors who had heavily shorted these stocks, underscoring the dramatic rotations within the market amid macroeconomic cycles.
Barclays cuts Coinbase target price to $291
Barclays has lowered Coinbase's target price from $357 to $291, maintaining a 'Hold' rating. (Gelonghui)