Coinbase

Cathie Wood's ARK Invest is actively trading its flagship funds. Reports say ARK sold Eli Lilly and a tumbling crypto-linked stock while adding positions in Tempus AI, Coinbase and an NVIDIA-linked AI company. The firm also trimmed its SpaceX holdings, prompting debate among investors over whether it is time to sell. Her moves are drawing attention as AI and crypto markets swing.

USDC is drawing attention amid a run of developments for the stablecoin. Circle reported $103.5 million in first-half income from continuing operations, while federal bank regulators said cryptocurrency companies can keep paying interest-like rewards. Analysts are also weighing whether USDC can help Coinbase offset falling revenue estimates heading into its Q3 earnings report.

Financial commentators are examining whether Coinbase has meaningfully reduced its reliance on Bitcoin trading revenue. Analysts at Zacks Investment Research and Yahoo Finance are both weighing the question, pointing to the exchange's push to diversify through other crypto assets, subscription services and fee income. Investors are watching the results closely as Bitcoin price swings continue to drive much of the company's earnings.

Financial analysts issued a round of new ratings and price targets on major companies Friday, covering Nvidia, SpaceX, Amazon, Intel, Rivian, Coinbase, Reddit and GE Vernova, among others. The calls, compiled in a daily roundup, reflect shifting sentiment across chips, EVs, crypto and space stocks, and investors track them closely for trading signals and reads on where sentiment is heading.

Coinbase is moving to protect Bitcoin against future quantum computing attacks, work it is undertaking before such computers pose a real danger. The effort reflects growing concern in the crypto industry that quantum machines could eventually break the cryptography securing Bitcoin, prompting exchanges to prepare defenses early.

Traders are following the price of a tokenized version of Circle Internet Group stock, available as CRCL on Coinbase, with live charts and market cap data now being watched by investors. Circle, the company behind the USDC stablecoin, remains a closely followed name in crypto markets, and its tokenized stock offers exposure outside traditional trading hours.

Fintech companies Revolut, Nubank, Coinbase and Ripple have applied to operate as banks, a move being reported as a significant shift for the sector. The applications suggest these digital finance firms want to expand beyond their current services and compete directly with traditional banks, raising questions about regulation and the future of banking.

Galaxy Entertainment Group's xStock (GENTEX), a tokenized version of the casino and resort operator's shares, is now available with live price charts and market cap data on Coinbase's Netherlands platform. The listing lets European users track and trade blockchain-based exposure to the Macau gaming company alongside traditional crypto assets.

Coinbase's chief executive says quantum computing, not artificial intelligence, poses the biggest risk to cryptocurrency, framing the danger as a matter of when, not if. Quantum computers able to break current encryption could undermine the cryptography securing digital assets and wallets. The warning puts quantum readiness on the agenda for exchanges and developers who have focused more on AI-related risks.

Coinbase's third-quarter earnings report is drawing investor scrutiny, with attention focused on whether the cryptocurrency exchange can sustain revenue growth beyond its trading-dependent income. The Q3 results are seen as a test of the company's ability to diversify earnings amid volatile crypto markets, and the stock's reaction is being watched closely by market observers.