Tether Asserts Stablecoin Dominance Over Circle's USDC Amid Major Crypto Hacks [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
finance users appearing to propel USDT's market cap to an all-time high on Tuesday following another major hack. Since attackers linked to North Korea pulled off one of DeFi's largest hacks this year, USDT's market cap has grown 2.1% to nearly $188 billion, according to CoinGecko . Meanwhile, USDC's total value has increased at a slower pace, rising 1.4% to $78.25 billion. In a Tuesday note, analysts at investment bank Compass Point wagered that DeFi outflows have the potential to pressure USDC's on-chain circulation, a dynamic that would reduce gains derived from the stablecoin's backing, namely U.S. Treasuries, for Coinbase and Circle. “DeFi outflows may result in users offramping USDC or holding USDC on exchanges with yield sharing arrangements,” they wrote. “Either outcome will put pressure on CRCL and COIN's gross profit, via lower interest revenue or lower margins.” The analysts' assessment is partly based on the fact that investors “quickly withdrew” $1.5 billion in sta
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News
- New York Attorney General Letitia James sues Coinbase, Gemini, calls their prediction markets illegal gambling [CBS News]CBS News
- Prediction Market Giants Kalshi, Polymarket Eye Perpetual Futures Push: Report [Yahoo! Finance]Yahoo! Finance
- Kalshi Enters Crypto Market With Perpetual Futures Trading [Yahoo! Finance]Yahoo! Finance
- New York State Sues Coinbase And Gemini For 'Illegal Gambling' [Yahoo! Finance]Yahoo! Finance
- Coinbase Drops 7% as the Decoupling From Bitcoin Signals Clarity Act Fatigue [Yahoo! Finance]Yahoo! Finance
COIN
Earnings
- 2/12/26 - Beat
COIN
Sec Filings
- 4/20/26 - Form 4
- 4/16/26 - Form 144
- 4/10/26 - Form 8-K
- COIN's page on the SEC website