Morning Update: Coinbase Crushes Q3 Earnings Amid Sideways Crypto Market
Coinbase (COIN) reported $1.9B in revenue, beating expectations despite the crypto market showing sideways movement. Michael Saylor’s Strategy (MSTR) also posted $2.8B in profit while holding over 640,000 BTC.
Meanwhile, crypto majors fell 2–3% after Fed Chair Powell indicated a December rate cut is not guaranteed. US Senator claims Binance assisted Trump’s crypto launch linked to CZ’s pardon. Additionally, Token Works launched REKTSTR, its first ERC20 strategy.
