Coinbase Global Inc. reported a significant beat on its first-quarter earnings, surpassing Wall Street estimates with an earnings per share (EPS) of $4.40, compared to the expected $1.05, and revenue of $1.64 billion against the forecast of $1.3 billion. The substantial increase in EPS was largely attributed to the adoption of new crypto accounting standards, which allowed for $737 million in pre-tax crypto asset mark-to-market gains, mostly unrealized. Despite these strong results, Coinbase's stock experienced a post-earnings drop, declining by approximately 5% in after-hours trading. This unexpected market reaction is speculated to be due to the earnings beat already being priced into the stock, coupled with profit-taking actions by investors.
Nice trend change for U.S. Bitcoin ETF flows 👇 +$378 million ✅ https://t.co/fpdaZmQMsy
🟥 Things I’m looking at today 🟥 Crypto rips higher after NFPs, $70m BTC lost in scam, Blast Gold causes PAC rally Crypto * BTC: 63.9k (+8%), ETH: 3130 (+5%), SOL: 146 (+7%) * Top 100 gainers: FLOKI, WIF, DOGE, STX, PEPE * Crypto bounces strongly after jobs report * ETFs see… https://t.co/hWgZjJzyTZ
🟥 Things I’m looking at today 🟥 Crypto rips higher after Fed, $70m BTC lost in scam, Blast Gold causes PAC rally Crypto * BTC: 63.9k (+8%), ETH: 3130 (+5%), SOL: 146 (+7%) * Top 100 gainers: FLOKI, WIF, DOGE, STX, PEPE * Crypto bounces strongly after jobs report * ETFs see… https://t.co/jJafgmN7oQ
Update on net ETF flows + GBTC flows (insert) https://t.co/sO2q5eHieX
Grayscale's #Bitcoin Trust Halts 78-Day Outflow Streak With $63M Inflow https://t.co/tBNp8byGxM
💥BREAKING💥 Hong Kong #Bitcoin ETFs bought 4,200 $BTC ($268 million) since their launch
Here's a breakdown of fees on various L2 blockchains. #Base is accumulating notable fees and gaining recognition every day. It's evident that #Coinbase is profiting significantly from Base. https://t.co/9YLMPk9sen
NEW: Friday marks the first time none #Bitcoin ETFs saw negative flows 🙌 In fact, GBTC saw over 4X in the inflows of BlackRock 👀 https://t.co/Ff0CPapFBu
will explain $GBTC inflows on stream tonight... https://t.co/EzqBGkHWLj https://t.co/PhOeGdD3mn
Bitcoin is stored by Hong Kong 🇭🇰 ETF after 2 days. Source: HoDL15Capital https://t.co/2JHtt4JpB7
🚨 BREAKING 🚨 GBTC HAD ITS FIRST INFLOW OF $63M FOR THE FIRST TIME SINCE ETF APPROVAL WE'RE SO BACK 🚀
🚨NEW Hong Kong #Bitcoin ETFs acquired 4,200 #BTC since launch. https://t.co/oqkAMDFOiv
Base has been one of the most exciting entrants into the Ethereum L2 space, attracting value and users. We explore the Base ecosystem here 👇 https://t.co/zAQnCQrVVh
🚀#Ethereum's Layer 2 aren't slowing down! Over 4.7 million wallets engaged with #ETH L2s this past week alone. Bullish. https://t.co/xsxy9LNvSN
Grayscale's GBTC spot bitcoin ETF sees $63 million of inflows, ending 78-day outflow streak https://t.co/c0vZDh0umY
I dont think anybody had this on their bingo cards yesterday Just 2 days after -563m outflows we get +378m inflows w/ GBTC being green as well Boomers cant affect the markets over the weekend. GL to us https://t.co/P9DyqD7rQD
💥BREAKING💥 Grayscale’s #Bitcoin ETF had its first inflow after 77 days https://t.co/GSYI8vEzFD
US #Bitcoin ETFs had a massive inflow of $378.3 million yesterday And $GBTC even had an inflow. Wow
🚨 Spot #Bitcoin ETFs have ended their streak of outflows with inflows of +$378.3M for Friday. This was the largest day of inflows since March 26th. https://t.co/HDnrBcLGm2
I believe this is the first time GBTC have inflows since they converted to an ETF? https://t.co/mahXIEvd0E
Yesterday, the spot Bitcoin ETF received a total of $378.3M in inflows. https://t.co/Y1sGYUdBJD https://t.co/Sm4lX2I7ZN
𝗠𝗮𝘆 𝟮, 𝟮𝟬𝟮𝟰 ➜ No #Bitcoin ETFs had an inflow; even BlackRock experienced an outflow. 𝗠𝗮𝘆 𝟰, 𝟮𝟬𝟮𝟰 ➜ No Bitcoin ETFs had an outflow; even #GBTC experienced its first inflow. That's how fast things change in crypto.
📣 Latest News: Grayscale's GBTC stops bleeding: First inflow since launch #news #cryptonews #crypto
According to sosovalue, as of May 3, the total net assets of the three Bitcoin spot ETFs in Hong Kong were US$250 million, held approximately 4,225 BTC. The total net assets of the three Ethereum spot ETFs in Hong Kong are US$48.52 million, held approximately 16,000 ETH.…
Yesterday's ETF flows by @FarsideUK were completely positive. We had $378.3 million of inflows. $GBTC had its first positive inflow with $63 million which is very surprising considering their extremely high fees. Obviously no one with a brain would invest with them, however… https://t.co/Z2bLga40SK
Bitcoin ETF Flow (US$ million) - 2024-05-03 TOTAL NET FLOW: 378.3 (Provisional data) IBIT: 12.7 FBTC: 102.6 BITB: 33.5 ARKB: 28.1 BTCO: 33.2 EZBC: 60.9 BRRR: 35.6 HODL: 8.7 BTCW: 0 GBTC: 63 DEFI: 0 For all the data & disclaimers visit: https://t.co/4ISlrCgZdk
Well, that was unexpected. Grayscale's #Bitcoin ETF had its first day of inflows yesterday. Are we... Could we possibly be... back?
🚨 #Bitcoin ETFs Update (May 3) Total Net Flows to All ETFs + 6,124 #BTC ($378M) ETFs Hold 824,600 Bitcoin FBTC Buys 1660 BTC GBTC Buys 1020 BTC 🤯 EZBC Buys 990 BTC BRRR Buys 580 BTC BTCO Buys 540 BTC BITB Buys 520 BTC ARK Buys 455 BTC IBIT Buys 205 BTC https://t.co/7rki2lHnEs
🚨 #Bitcoin ETFs Update (May 3) Total Net Flows to All ETFs + 6,124 #BTC ($378M) ETFs Hold 824,600 Bitcoin FBTC Buys 1660 BTC GBTC Buys 1020 BTC 🤯 EZBC Buys 990 BTC BRRR Buys 580 BTC BTCO Buys 540 BTC BITB Buys 520 BTC ARK Buys 455 BTC Blackrock Buys 205 BTC https://t.co/iLWHmlWt5O
✅ # of Bitcoin held by ETFs👇 930,083 $BTC on 5/3/2024 ✅ https://t.co/z7vdbAeVIY
First $GBTC inflow Source: @FarsideUK https://t.co/OjEDUsTJVz
$BTC ETFs +$378.5m net inflows today - First positive net inflow day since April 23rd - Largest net inflow day since March 26th - First inflow day for $GBTC since conversion - Largest inflow day since inception for $EZBC https://t.co/wATtWyXv9k
🚨Blackrock buys 205 #BTC ($12.6m) Blackrock holds 274,000 #Bitcoin Very interesting, lower inflows for Blackrock then everybody else! https://t.co/2G8jzXZMCP
Interesting COIN def beat expectations across the board (nice!) but the $4.4 of eps isn’t normalized. But $2.4 of that EPS is from gains realized on crypto investments being marked at fair value $650m on net income is a one time gain purely from marking their crypto… https://t.co/sotA6kGcNn https://t.co/lyq2a75VhF
Interesting COIN def beat expectations across the board, but the $4.4 of eps isn’t normalized. Good stuff But $2.4 of that EPS is from gains realized on crypto investments being marked at fair value $650m on net income is a one time gain purely from marking their crypto… https://t.co/Uhvpixs9RQ https://t.co/lyq2a75VhF
Hong Kong 🇭🇰 Bitcoin ETFs hold 4,218 #Bitcoin after 3 days👇 https://t.co/D3SlpLiwdb
🗞️ Top5 Crypto News from Today 👇 @SECGov delays decision on eco-friendly #Bitcoin ETF #Ether to be classified as security, no spot #ETFs - @saylor Whales scoop up 47K $BTC during this pullback VC invests $2.4B in #crypto startups Trader loses $68M in address poisoning scam
✅BREAKING: Ladies and Gentleman! After 78 days of outflows, $GBTC posted the first INFLOW today https://t.co/aOV57uLDBt
Grayscale Bitcoin ETF $GBTC sees positive inflows for the first time in like ~80ish days! See for yourself! 👇 https://t.co/wirPBSSDjv
GBTC inflow 1) what https://t.co/YCYlTZCl95
GBTC outflow streak is OVER…. Took in $63mil. “The Bitcoin Shining” can now be hung in a museum. https://t.co/ObwbfBD47N https://t.co/CO7M2nVm8j
🚨Franklin Templeton BUYS 1000 #BTC ($60.9M) Biggest day since launch! https://t.co/xamMX2HkXE
Now it is clear why #BITCOIN was showing strength today. It was indeed because GBTC 78 days outflow streak was broken https://t.co/piY6F2cfaO
Breaking: For the first day since the spot Bitcoin ETF launch @Grayscale BUYS 1000 Bitcoin. ☝️👀 The bottom is in. #Grayscale #Bitcoin https://t.co/t4KTr6KQLC
Grayscale Bitcoin ETF Snaps Losing Streak, Pulls In $63 Million ► https://t.co/KJeRnkIGRs https://t.co/KJeRnkIGRs
The Grayscale Bitcoin Trust $GBTC just had its first day of inflows in more than 2 months
Thought this would happen today, but then out of nowhere $GBTC has an inflow day, to defend its lead... https://t.co/Bu1YCd6DMa
🚨GBTC BUYS 1030 #BTC ($63.1M) YES I SAID BUYS This takes their total holdings to 293,000 #Bitcoin https://t.co/qMQE6lxYXb
Thought this would happen today, but then out of knowhere $GBTC has an inflow day, to defend its lead... https://t.co/Bu1YCd6DMa
$GBTC positive flow https://t.co/pUCjDu2N4g
$GBTC was just about to lose its crown as the largest Bitcoin ETF to $IBIT and then out of knowhere, it has its first inflow day!! https://t.co/cK4b7bgT3G
After 78 days of consecutive outflows, suddenly we have an INFLOW day!!! Why would anyone buy GBTC??? https://t.co/mw90Vsn9Jm
Holy crap $GBTC had inflows today. Their 80 day-ish streak is finally over. I had to run my eyes and double check the data but it’s true. https://t.co/I4TTU4q5Q1
After 77 days of consecutive outflows, suddenly we have an INFLOW day!!! Why would anyone buy GBTC??? https://t.co/mw90Vsn9Jm
Yep, that’s right. An INFLOW into GBTC. https://t.co/9PJ2wcCsAy https://t.co/rdt5KIihE3
GBTC INFLOW OF US$63m!!!!
GBTC Inflow. I've seen it all. https://t.co/6PDLNhUKux
NEW: 🇨🇭 Two more Swiss funds have #Bitcoin ETF exposure, per 13F filings. Bellecapital International and Lugano Financial Advisors have $7.5B AUM combined 🚀
Coinbase knocked Q1 earnings out of the park. Now comes the hard part. https://t.co/JmSi0Ky6lm
KRAKEN'S INDICES PROVIDER ANTICIPATES $1B AUM IN HONG KONG ETFS BY 2024 END - COINDESK
The CEO of .@krakenfx's @CFBenchmarks sees the Hong Kong crypto ETFs reaching $1 billion in AUM by the end of the year. https://t.co/JbFUASVUJV
💥 5/3 THREAD tracking Bitcoin ETF inflows/outflows: Another interesting day w/ $BTC up 5% . . . 🍿 https://t.co/bwqNUrxDpq
“@Base has emerged as a big winner in the L2 space. Since Mar. 13, Base DAUs tripled, transaction count went up by 500%, and even with the gas target increasing to 5 mgas/s, Base blocks are still getting filled and the EIP1559 fee market kicks in.” – @ournetwork |… https://t.co/A2bcQFEmLz
Layer 2s are growing in popularity… 📈 🌟 User base up 400% YoY. 🌟 5M weekly users. 🌟 Median transaction fees below 1 cent.. Get a data-driven overview on L2s from @growthepie_eth & @web3_data: https://t.co/1BEZBGsIcA Chart via: @growthepie_eth https://t.co/BurFTCSIRw
🗞️ @Coinbase reports $1.2 billion in Q1 🗞️ @krakenfx's indices provider predicts that spot ETF products in Hong Kong will reach $1 billion in AUM 🗞️ @blocks doubles down on #bitcoin @JennSanasie has today's top crypto headlines on "CoinDesk Daily" 👇 https://t.co/AW9nQFyUHa
Amazing how fast BTC ETF flows have changed. GBTC is currently trading at the same premium as IBIT. If buying sustains through EOD, we could see the first inflows into GBTC. Keep in mind it has lost 52.7% of its BTC this year. Nonetheless, GBTC inflow could be a bullish signal.
Coinbase beat earnings and nearly 4x consensus by the "analysts" The next day? Ofcourse, the price lowers coz logical, innit https://t.co/vC4FGMAjyW https://t.co/f1IHa2O2LG
.@Coinbase’s layer 2 project Base had more than twice the transaction volume seen on the Ethereum blockchain itself over the past 30 days, Coinbase CEO @brian_armstrong said on the company’s Q1 earnings call. @FrederickMunawa reports https://t.co/Snixgtwruo
Base Emerges as Rising Star as Coinbase Revenues Surge 🛜 @Coinbase CEO @brian_armstrong said layer 2 solutions such as Base are similar to the advent of broadband Internet. @FrederickMunawa reports 🗞️ Read more: https://t.co/aYSc3IwKkd https://t.co/18APeFXmQs
May 3 Update: 9 ETFs decreased 2,350 $BTC(-$144.56M). #Grayscale decreased 2,950 $BTC(-$181.4M) and currently holds 292,176 $BTC($17.97B). https://t.co/EYQTaMwxyp https://t.co/O3FsqVkyYV
Why Coinbase’s stock is shrugging off a monster earnings beat https://t.co/wMVe8lIHvw
Higher marks across transaction volumes, Base users, and stablecoin revenue. Peek under the hood at Coinbase’s meaty Q1 results, and where the company goes from here: https://t.co/3ohMUqTJuo
FOMO HOUR 111 - ARE WE BACK? • Crypto steady ahead of NFPs, memes outperform • Mr 100 buys 3,300 BTC in dip • Coinbase smashes earnings but stock still falls • M2 Money Supply flips positive, good sign for BTC • Bitcoin heading back to $70K: Hayes • HK ETFs really grew… https://t.co/cluLsfKsEe
JUST IN: 🇭🇰 Hong Kong-based asset managers report buying $112 million worth of US-based spot #Bitcoin ETFs.
Here are the top 3 #CryptoTrends from this week: ✅ Hong Kong’s market regulator has approved its first crypto-related spot ETFs 🇺🇸 U.S. lawmakers are urging the SEC to allow options trading on #Bitcoin ETPs 💸 U.S. Bitcoin ETFs saw $328 million in outflows after three weeks… https://t.co/cXHCanb341
JUST IN: 🇭🇰 Two Hong Kong based asset managers just reported owning us-based #Bitcoin ETFs. $38m by Yong Rong $74m by Ovata https://t.co/Ve3GR6721T
📊 U.S. Bitcoin ETFs, pivotal in January for pushing BTC to record highs, see a decline in new capital. Meanwhile, Hong Kong's recent launch of six BTC and ETH ETFs garnered a modest $12.7M on day one, starkly lower than the U.S. debut at $4.6B, according to @intotheblock https://t.co/iPxTKjlpAX
JUST IN: 🇭🇰 Two Hong Kong based asset managers just reported owning us-based #Bitcoin ETFs. $38m by Ron Jong $74m by Ovata https://t.co/1ZLcc3ZRqj
JUST IN: Hong Kong asset manager Yong Rong just reported owning $38m of BlackRock’s #Bitcoin ETF. The largest holding by an asset manager in quarterly filings so far. 🫡 @EricBalchunas https://t.co/QffUWpxvdb
New high water more bitcoin ETF holders just rolled in: Yong Rong Asset Management based in HK bought $38m worth of $IBIT, which makes up 12% of its reported holdings. Interesting given HK has own ETFs now. But US ETFs have that irresistable combo of low fee and high volume. https://t.co/FE2gyuIuIf
Hong Kong Bitcoin ETF info. Interestingly there was $5.9 million more inflows, I wonder if this was in-kind though. https://t.co/neM451IsdT
BTC ETF outflows only -35mm. Lfg! https://t.co/E0oHhpzTJJ
$COIN Oppenheimer’s Owen Lau (outperform, price target to $282 from $276, 23.2% upside): “COIN reported strong 1Q adj. EBITDA of $1.01B versus our estimate of $699M and consensus’s $607M
Doubling down on this call again. Coinbase is god damn executing. The new suite of products is delivering as well. Coinbase International did $76B of volume in Q1. Base sequencer fees are now a line item on the P&L. This train is just getting started. https://t.co/I15F2moz45 https://t.co/awZ0Dz54an
Coinbase absolutely crushed earnings. Read about it in my FREE DAILY NEWSLETTER. https://t.co/qaHoVteH7X
.@coinbase had a blowout first quarter and the crypto exchange has a number of positive tailwinds including its smart wallet launch, Coinbase Prime, its layer-2 network Base and its growing international offering, analysts said. @willcanny99 reports. https://t.co/AVSl3f0LIy
The CEO of .@krakenfx's @CFBenchmarks see the Hong Kong crypto ETFs marking reaching $1 billion in AUM by the end of the year. By @JamieCrawleyCD. https://t.co/JYUNXIGIaE
Hong Kong’s spot ETFs experience decline in bitcoin inflows on second trading day https://t.co/4YzWpemlXo
On Wednesday we released our Market Intel on $COIN Yesterday @coinbase smashed earnings expectations, not necessarily a surprise for many. $COIN price rose nearly 9% yesterday before the earnings call, before falling during after hours trading. https://t.co/KQ2cts7jMO
While most of the digital asset ETF market suffers outflows, Hong Kong is a bright spot, having seen US$300m inflows this week so far. https://t.co/46dhfBdAdo
- Hong Kong $BTC & $ETH ETFs - BNY Mellon, America's oldest bank, reported exposure to #Bitcoin ETFs - Morgan Stanley about to allow its 15,000 brokers to recommend #Bitcoin ETFs to their clients - Australia about to approve #Bitcoin ETF - London Stock Exchange is listing $BTC…
BOFA CITING EPFR DATA: INVESTORS PULLED $600 MILLION FROM CRYPTO FUNDS IN THE WEEK TO WEDNESDAY, THE MOST SINCE JUNE 2022.
US #Bitcoin ETFs had a small outflow of $34.4 million yesterday Do you think the purge is over?
Spot bitcoin ETFs see reduced daily outflows, totaling $34 million https://t.co/zkz7qt0G9n
Spot #Bitcoin ETFs continued their streak of net outflows, but at a much slower pace with -$34.4M for Thursday. https://t.co/f4BWVC4xXm
🆕 Today's top #crypto news on #KuCoinMarketWatch ⤵️ 🟢 Hong Kong's spot Bitcoin and #EthereumETFs traded $68.4M HKD ytd 🟢 BNP Paribas discloses #BitcoinETF exposure 🟢 BlackRock predicts entry of sovereign wealth and pension funds into BTC ETF market soon More key news ⤵️
Yesterday's ETF flows by @FarsideUK The ETF flows were slightly negative and when it's slightly negative you know that it's always just $GBTC that has outflows. $54.9 million. Ark took in 13.3 million and the rest stayed at 0 or close to 0. Price recovered from $56.5k back to… https://t.co/qlp10Hc3qL
EPS almost 400% higher than Wall Street estimates. Coinbase is a great company. And a consistently under estimated company. https://t.co/eeDf4mPyJ6
NEW‼️ - On Thursday, #Bitcoin ETFs experienced NET OUTFLOWS totaling $34.4 million. Ark: $13.3 million Invesco: $1.5 million Franklin: $3.4 million Valkyrie: $2.3 million Grayscale: -$54.9 million https://t.co/5MsexH1bo8
SIGNIFICANT OUTFLOWS FROM U.S. BITCOIN ETFs IN APRIL U.S. Bitcoin ETFs saw a dramatic $343.5M in net outflows in April, ending a three-month streak of inflows, as investor enthusiasm waned amidst volatile market conditions. Source: The Block https://t.co/64Hk8tCb3H
Bitcoin ETF outflows just cut the bleeding—$34m, the lowest by far this week. While it’s not positive, it suggests sell-offs might have slowed. The previous day was $563m. https://t.co/2zS2JG629e
📊 # of Bitcoin held by ETFs👇 5/2/2024 ✅ https://t.co/qYbVaTrd2Q
🚨 #Bitcoin ETF Update, 2 May 🔻Net outflows of 580 BTC ($34m) 🔻GBTC sells 930 BTC 🥇Ark buys 225 BTC 😐IBIT, FBTC, BITB flat on the day https://t.co/WYaCuNsGRB
🚨 #Bitcoin ETF update 🔻 GBTC sells 930 BTC 🥇Ark buys 225 BTC 😐 IBIT, BITB, FBTC were flat on the day. https://t.co/9mb1axDsCh
✅ 2 trading days after launch, the Hong Kong 🇭🇰 Bitcoin ETFs hold 4,088 #Bitcoin 👇 https://t.co/isIqhypPaw
in which we cover @coinbase’s strong quarter and its: • continued growth from a consumer crypto platform, to now the custodian of choice for many of the world’s largest ETFs and financial institutions • immense potential of catalyzing a 3rd party developer ecosystem with the… https://t.co/08QqpPGwko
Word on the street is that $COIN is ~unch AH despite an implied move of 229±25 (1SD range 204-254) because their banger 4.4 EPS is mostly due to their mark to muppet "gains" on bitcorns and shitcoins. 🤔
As the custodian for 8 of the 11 spot #BTC ETFs that launched this January, Coinbase $COIN holds a dominant position in the custody market, managing ~80% of the assets. This amounts to over $40b in AUM. So what was the impact on its 1Q24 financials? 🧵…
.@Coinbase exceeded the @WSJ's Q1 '24 estimations with an earning-per-share of $4.40 (est: $1.07) and revenue of $1.64 billion (est: $1.32 billion). Retail trade volume remains below all-time highs, at $56b in Q1 '24, compared to $177b in Q4 '21. Institutional trade volume… https://t.co/BbuoP6Cyla
🚨BREAKING 🚨 HONG KONG SPOT BITCOIN AND ETHEREUM ETFS SAW A WHOOPING $292M INFLOWS ON THE FIRST DAY. $BTC'S SHARE WAS 85% AND $ETH MANAGED TO GRAB THE 15%. BULLISH AF 🔥 https://t.co/kjtjtz4UXH
The Hong Kong #Bitcoin ETF launch was in the top 20% of launches, and 77% of local crypto holders still plan to invest: Asia Express. Via @CointelegraphZN https://t.co/8kC3D1eMz7
Coinbase Adopts New Crypto Accounting Standards Early, Boosting Q1 Results 📈 @Coinbase recorded an extra $737 million in mostly unrealized gains in the quarter by using mark-to-market rules. By @NelWang 🗞️ Read more: https://t.co/597pqxZfWu https://t.co/bZTLjg5JeI
So this is that accounting rule impact. Turns out it made up 2.75 of the 4.40 EPS. I expected it to be a big impact, this is bigger than I thought. That said, $COIN still did 1.65 EPS ex this accounting change (was hoping for $2 but still impressive). Estimate was 1.04 and that's… https://t.co/Mwmspqrbpx
The 24hr volume of China coin is more than the total Hong Kong ETF inflows since it's launch 3 days ago https://t.co/5QyD8thtsi
You may be wondering, “how did the $COIN revenue beat of a few hundred mil led to such a gargantuan EPS beat?” 1Q24 was the first time Coinbase implemented FASB’s ASU No. 2023-08. Net income benefited from $737m in pre-tax crypto asset mark-to-market gains, majority of which… https://t.co/kot47r07lj https://t.co/KKFcleQSj2
🔥 @Base is killing it! • Base increased eightfold in Q1 • Processed twice as many transactions as ETH L1 in the last 30 days • Now the #1 layer 2 solution by number of transactions processed • Base is faster with 80% cheaper fees, often below 1 cent • Integrated USDC… https://t.co/xT5DE1e0dg
GBTC Outflow $55m
$COIN nukes after a 3x beat in EPS vs estimate. "Oh, but the beat was already priced in". $COIN then goes from $220 to $450 in the next four weeks.
Coinbase Global Beats First-Quarter Analyst Estimates https://t.co/bzjcKppkjy via @wsj
Coinbase drilled down on its ongoing legal issues with the US Securities and Exchange Commission as well as its political donations as it disclosed higher-than-forecast results for the first quarter https://t.co/fdTuaCFuYv
Interesting tidbits from the Coinbase $COIN 1Q24 Shareholder Letter: • Base has processed over 2x more transactions than Ethereum in the last 30 days • COIN saw all-time highs in trading volume and active clients on Coinbase Prime • USDC became the fastest-growing major…
$COIN released 1Q24 earnings results EPS: $4.40 (⬆️323% Q/Q), beat analyst consensus est. of $1.15 Revenue: $1.64B (⬆️72% Q/Q), beat analyst consensus est. by $316M https://t.co/MJtLMAjdKG
"Q1 was a very strong quarter for @Coinbase and we saw growth across the board" CFO Alesia Haas told @JonFortt, adding that #bitcoin ETFs benefitted the company and ecosystem $COIN https://t.co/4rFAYQzlZd
JUST IN: Coinbase impressed Wall Street with its earnings on Thursday, posting beats across the board
$COIN 1H Massive rev beat vs expectations however obviously street knew so this was front run today (+ 17%) post market briefly down - 5% ~ Profit taking imo https://t.co/lZBKIfYNP0 https://t.co/pcp6byr7Fl
Coinbase absolutely smashes earnings but down 4% after hours https://t.co/FC2qoNpS5t
Coinbase double beat. CEO: ". Net income benefited from $737 million in pre-tax crypto asset mark-to-market gains, the vast majority of which were unrealized" $COIN: -3.3% AH https://t.co/IJGv7z18Ub
Wall Street “analysts” once again wrong about $COIN earnings https://t.co/D0j2cYvTlB
Coinbase beat but getting dumped after hours -5% $COIN
$COIN huge beat https://t.co/4qct2BxuTF
$COIN Q1 EARNINGS BEAT ✅ 📈stock not moving much after hrs Estimates going in: $1.3b revenue $281m net income Actual: $1.64b revenue $1 billion 🔥👀 https://t.co/Ch6idYaFMy
UPDATE: $COIN crushed earnings, but something is off ▪ Q1 EPS $4.40, beating expectations of $1.01 ▪ Revenue $1.64B, beating expectations of $1.3B The stock is DOWN 1%...interesting https://t.co/tJUodtboh0
$COIN reports $4.40 EPS on 5/2 https://t.co/sOswVlv5v9
Coinbase earning season: good results, yes, but here’s what people don’t fundamentally understand about Coinbase which will take it another 100x . Coinbase is still another 180 pivot from what will eventually take it to a $1T company. The bet here is on the team to execute to…
$COIN absolutely DESTROYED their earnings 🤩 • EPS $4.4 vs Est. $1.05 • Sales $1.6B vs Est. $1.3B https://t.co/DM1h6dX9Tg
$COIN $NET $BILL $SQ Worst reaction to earnings this afternoon?
Blackrock’s iShares Bitcoin ETF $IBIT notched a streak of inflows for 71 consecutive days since inception. $FBTC $BITO $ARKB $BTC https://t.co/gNkCLFjVSX
1/ Base has shown strong growth since launch. More recently, $USDC TVL and trading volume have surged. Check out our new Base dashboard with USDC and $USDbC metrics including: ➡️ TVL ➡️ Supply by protocol ➡️ 2% price impact ➡️ Volume ➡️ Active accts Dashboard link in thread👇 https://t.co/6W7J4xXWqg
Bitcoin ETFs Shed $563 Million as BlackRock's IBIT Marks First Daily Loss ► https://t.co/giOMh6DGeJ https://t.co/giOMh6DGeJ