Coinbase039s – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Mon, 04 Aug 2025 12:59:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Coinbase039s – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Coinbase's Weak Q2 Is a Blip, Not a Breakdown, Says Benchmark https://earlybirdsinvest.com/coinbases-weak-q2-is-a-blip-not-a-breakdown-says-benchmark/ https://earlybirdsinvest.com/coinbases-weak-q2-is-a-blip-not-a-breakdown-says-benchmark/#respond Mon, 04 Aug 2025 12:59:43 +0000 https://earlybirdsinvest.com/coinbases-weak-q2-is-a-blip-not-a-breakdown-says-benchmark/

Coinbase’s (COIN) softer-than-expected second quarter results triggered a sharp Friday sell-off, but Wall Street broker Benchmark says the drop is a buying opportunity, not a red flag.

Analyst Mark Palmer reiterated his buy rating and $421 price target. He argued that the exchange’s long-term investment case remains intact as the company continues to build foundational crypto infrastructure.

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The shares are 1.8% higher in early trading Monday, after having closed 16.7% lower on Friday.

Benchmark highlights five catalysts supporting its thesis. First, Coinbase’s revenue-sharing agreement with Circle on USDC reserves positions it to benefit from stablecoin adoption, especially after the U.S. passed the GENIUS Act.

Second, its institutional offerings, including prime brokerage, crypto-as-a-service and derivatives, are well-timed because the CLARITY Act may spur further adoption.

Third, the firm is developing a crypto “super app” integrating trading, payments, non-fungible tokens (NFTs), decentralized finance (DeFi) and developer tools, a unique product in the U.S. market.

Fourth, the integration of decentralized exchanges expands token access beyond centralized listings.

Finally, Coinbase’s estimated $360 million in July transaction revenue, a 44% jump from its monthly average during the second quarter, signals a potential recovery in crypto activity.

Benchmark concludes the quarter’s miss is short-term noise. Coinbase’s evolving platform, underpinned by regulation tailwinds and increasing institutional demand, points to long-term growth.

Read more: Coinbase Slides Nearly 20% in Worst Weekly Performance Since September 2024

]]> https://earlybirdsinvest.com/coinbases-weak-q2-is-a-blip-not-a-breakdown-says-benchmark/feed/ 0 51415 Shopify to Enable USDC Payments on Coinbase's Base for Merchants Worldwide https://earlybirdsinvest.com/shopify-to-enable-usdc-payments-on-coinbases-base-for-merchants-worldwide/ https://earlybirdsinvest.com/shopify-to-enable-usdc-payments-on-coinbases-base-for-merchants-worldwide/#respond Thu, 12 Jun 2025 21:54:10 +0000 https://earlybirdsinvest.com/shopify-to-enable-usdc-payments-on-coinbases-base-for-merchants-worldwide/

E-commerce giant Shopify (SHOP) is bringing stablecoin payments to its merchants over Base, crypto exchange Coinbase (COIN)’s Ethereum layer-2 network, the companies said on Thursday.

The integration is set to roll out on June 12 to a limited group of early access merchants, with broader availability expected later this year for all merchants using Shopify Payments, the companies said.

Once the rollout is complete, merchants will be able to accept payments of Circle’s (CRCL) USDC token on-chain while receiving local currency settlements without incurring foreign transaction fees. Shopify said it plans to give 1% cash back to customers who pay with USDC. This feature that will launch later in the year.

Stablecoins, digital tokens whose value is tied to a real-world asset, are finding a wider range of uses than simply allowing traders to move funds between cryptocurrencies without converting to fiat currency. Usage is exploding, with a 54% growth in supply year-on-year, and increased usage by companies such as PayPal (PYPL) and Grab (GRAB) for payments and international remittances.

The new initiative is designed to streamline global commerce with crypto-native infrastructure, lowering costs and boosting efficiency, and is underpinned by a new open-source payments protocol jointly developed by Coinbase and Shopify.

The smart contract and commerce payments protocol supports standard features such as delayed capture, tax calculation and refund processing, and is integrated directly into merchants’ existing order fulfillment systems, the companies said.

Shopify said it selected Base for its low-cost, high-speed, and secure transaction environment, aiming to help bring crypto payments into the mainstream retail experience.

Read more: Shopify Customers Can Now Pay In USDC Via Solana Pay

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