How Coinbase, Robinhood and Strategy earnings signal ‘dawn of a new era for crypto’

A mentation of this communicative appeared successful our The Roundup newsletter connected February 14. Sign up here.

Hi! Eric here.

The large takeaway from Coinbase, Robinhood, Kraken, and the institution previously known arsenic MicroStrategy lately?

“It’s the dawn of a caller epoch for crypto,” Coinbase CEO Brian Armstrong said arsenic helium celebrated the crypto exchange’s 130% quarterly gross spike that saw revenue much than double to $2.2 billion.

He has a point.

Since his re-election, Donald Trump has moved accelerated to fulfil his pledge to crook the US into the crypto superior of the planet.

He’s appointed a crypto czar, nominated pro-industry candidates for cardinal positions, and fired disconnected sweeping executive orders.

Sensing wherever the upwind is blowing, lawmakers person projected some new laws and state-backed strategic Bitcoin reserves, and person interrogated slope regulators astir alleged debanking of crypto companies.

Elsewhere, Wall Street and fintechs are embracing crypto similar ne'er before, task capitalists are returning, and exchange-traded money issuers are flooding the Securities and Exchange Commission with caller applications.

Despite the astir overwhelming bullishness from these events, retail investors look a spot deflated.

Sentiment is simply a spot “meh,” arsenic Noelle Acheson said. She identified a fewer culprits: PTSD near implicit from the 2022 crash, memecoin and Strategic Bitcoin Reserve distractions, and a deficiency of crypto innovation.

And Bitwise Chief Investment Officer Matt Hougan suggested that the manufacture lacks a wide caller narrative, isolated from memecoins, that tin thrust the market.

“It’s hard to archer yourself that you’re gathering a caller and amended satellite connected the ground of Fartcoin oregon the Hawk Tuah token,” helium noted.

Hougan added that helium expected a catalyst to trigger the adjacent pump astatine immoderate clip now.

That sentiment has been echoed crossed crypto companies’ earnings.

Robinhood CEO Vlad Tenev said the trading app volition accelerate the rollout of caller crypto offerings arsenic much regulatory clarity kicks in.

Similarly, Strategy’s Chair Michael Saylor utilized his caller net to emphasise its “strategic core,” which has morphed from bundle to Bitcoin.

The question is, however overmuch of this euphoria is already baked into crypto prices?

Why Vitalik Buterin’s ‘make communism large again’ quip triggered Ethereum investors

Vitalik Buterin tweeted, “make communism large again” this week. People were little than pleased, but Liam Kelly reports what the Ethereum co-founder mightiness person truly meant.

Kraken says it’s girding for much rivals and deals amid crypto trading frenzy

Kraken braces for surging contention from accepted institutions and manufacture rivals arsenic Trump is expected to unbend crypto laws.

How an Alabama antheral hacked the SEC for $50,000 successful crypto

The motorboat of spot Bitcoin ETFs past twelvemonth was somewhat spoiled by an unfortunate hack. This is however the hacker did it.

Post of the Week

Ethereum keeps underperforming compared to its main rivals amid a brewing civil war. Buterin’s tweet this week did small to easiness those worries.