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Globe and Mail
6 hours ago
- Globe and Mail
If You'd Invested $1,000 in Solana 5 Years Ago, Here's How Much You'd Have Today
Key Points Solana runs on a proof-of-stake network that is one of the fastest in the crypto world. The network is already processing thousands of transactions per second. The technical strength of the network has made it a home run for investors. 10 stocks we like better than Solana › Only launched about 5.5 years ago, Solana (CRYPTO: SOL) is now the sixth-largest cryptocurrency in the world with a market cap of over $96 billion as of July 30. Many investors see immense potential in Solana's network. It's one of the few cryptocurrencies to operate on a proof-of-stake (PoS) mechanism to govern the network. After realizing how energy-intensive the traditional crypto-mining, proof-of-work (PoW) system had become on Bitcoin, the world's largest cryptocurrency, several crypto networks transitioned to PoS. Instead of using high computing power to solve a puzzle like with PoW, PoS has investors stake their tokens to the network, and then assigns them at random to validate transactions and mint new tokens. The more tokens one stakes, the higher the chance they have of being selected and also earning rewards. Even more unique, Solana's network also has a proof-of-history mechanism that essentially creates a sequential record of transactions, enabling even faster transactions on the network. As a result, Solana's network can process thousands of transactions per second (TPS), but it has the theoretical potential to process up to 65,000 TPS, if not more. This gives Solana and its network immense potential to disrupt the global payments system. Investors have done well While volatile like most cryptocurrencies, Solana has been a huge winner for investors that bought the token five years ago. The technical strength of its network has made Solana one of the few altcoins that investors see a strong use case for. Roughly five years ago, Solana traded for just $1.73. Today, it trades for over $179. That's a gain of roughly 10,264%. So, if you invested $1,000 in Solana five years ago, you now have $103,636! That's simply incredible. Investors aren't likely to find too many investments like that in their lifetime. Should you invest $1,000 in Solana right now? Before you buy stock in Solana, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Solana wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025
Globe and Mail
20 hours ago
- Globe and Mail
Coinbase (COIN) Q2 Revenue Up 3%
Key Points GAAP revenue for fiscal Q2 2025 missed analyst expectations at $1,497.2 million, GAAP revenue was approximately 3.3% higher than fiscal Q2 2024 but was 5.7% below estimates. GAAP net income reached $1.43 billion, driven by one-off investment gains rather than ongoing operating profits, as fiscal Q2 2025 net income included a $1.5 billion gain on strategic investments and a $362 million gain from the crypto investment portfolio. A one-time $308 million expense related to a data breach impacted operating expenses and signals security challenges. These 10 stocks could mint the next wave of millionaires › Coinbase (NASDAQ:COIN), a leading cryptocurrency exchange and platform, released results for fiscal Q2 2025 (ended June 30, 2025) on July 31, 2025. The most important news from this earnings release was a significant miss on analyst revenue and earnings expectations, with GAAP revenue of $1,497.2 million—$90.1 million (5.7%) below the analyst consensus estimate of $1,587.3 million. GAAP revenue totaled $1.50 billion, below the $1.587 billion GAAP consensus, and non-GAAP diluted earnings per share (EPS) was $0.12. GAAP net income surged to $1.43 billion due to large unrealized investment gains rather than core business operations. At the same time, adjusted earnings and core operational profits declined, while operating expenses grew mostly because of a $308 million charge tied to a major data breach. Overall, the quarter showed setbacks in key financial metrics, but also showcased progress in regulatory compliance and product initiatives amid a challenging environment for crypto trading activity. Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report. Business overview and recent focus Coinbase operates a platform for buying, selling, transacting, and storing a wide range of digital assets such as Bitcoin, Ethereum, and other cryptocurrencies. It serves both retail and institutional customers, providing core services like crypto trading, wallet storage, custody for large clients, and digital payment tools. Recently, Coinbase has concentrated on five areas: compliance with global regulations, strengthening platform security, diversifying its product offerings, staying competitive in the crypto space, and driving technological innovation. Compliance is important as governments define rules for digital money. Security is vital for protecting customer assets and trust. Diversifying with new products and services helps the company reduce reliance on trading revenue. The crypto market remains competitive, requiring frequent innovation to remain relevant and attract a broad range of customers. Quarterly highlights and notable developments The period was notable for transaction revenue, which comes from customer trading, dropping to $764 million, down 39% sequentially, as volatility and trading activity declined throughout the market. Subscription and services revenue, reflecting stablecoin earnings, custody fees, and financing, declined 6% quarter-over-quarter but proved more resilient relative to trading, as subscription and services revenue grew 9% quarter-over-quarter to $698 million in fiscal Q1 2025. Stablecoin revenue rose 12% quarter-over-quarter to $332 million, with average USDC stablecoin balances reaching $13.8 billion, up 13% quarter-over-quarter. This indicates that alternative revenue streams cushioned the company as trading volumes shrank. GAAP net income reached $1.43 billion, but this jump is not reflective of ongoing business performance. The bulk was due to one-time unrealized investment gains, including a mark-up on Coinbase's stake in Circle and a gain from its crypto investment portfolio. Without these, adjusted net income (non-GAAP) fell sharply to $33 million, signaling much weaker underlying profitability. Operating expenses saw a large increase, rising to $1.52 billion (GAAP). Operating expenses rose 37.6% year over year. The main driver was a $308 million non-recurring charge for cybersecurity remediation following a data breach in May. The event, in which hackers accessed customer data, did not result in lost customer passwords, but marked a substantial hit to trust and required high-cost remediation efforts. Excluding this, general operating expenses were controlled, with the company noting a slight decline in core expense categories. Coinbase made significant progress in regulatory compliance. Lawmakers passed the GENIUS Act, the first U.S. digital assets law, in July 2025, and the CLARITY Act, which creates a U.S. market structure framework for digital currencies and stablecoins. Internationally, Coinbase secured a MiCA license in Luxembourg in June 2025, enabling operations across 30 European countries. These regulatory steps will likely enable further growth and open opportunities for new business lines with both individual and institutional clients. Product innovation also continued with new launches such as the Coinbase One Card (a payments card), the Base App (with over 700,000 users on the waitlist), and continued international expansion in derivatives trading. The company also reported all-time high assets under custody at $245.7 billion and record institutional lending balances in Prime Financing, reflecting growing demand from corporate and institutional customers. Looking ahead and financial guidance Coinbase management provided specific guidance for fiscal Q3 2025, including expected subscription and services revenue of $665 million–$745 million, transaction expenses in the mid-teens as a percentage of net revenue, technology and development plus general and administrative expenses of $800 million–$850 million, and sales and marketing expenses of $190 million–$290 million. It expects July 2025 transaction revenue of approximately $360 million, signaling a subdued start as trading activity continues to soften. For subscription and services, management forecasts subscription and services revenue between $665 million and $745 million, expecting this to benefit from stronger crypto asset prices as July began. Total core operating expenses are projected to remain elevated, with technology and development plus general and administrative outlays set for $800 million to $850 million, and sales and marketing spending between $190 million and $290 million. While management pointed to new regulatory clarity and product launches as positive, it also warned that many key metrics remain tied to external crypto market valuations and volatility. Expense growth was mainly due to a one-time security incident, raising pressure on profitability should revenue not rebound. COIN does not currently pay a dividend. Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,036%* — a market-crushing outperformance compared to 181% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of July 29, 2025
Globe and Mail
2 days ago
- Globe and Mail
Everybody HOLD Launches on Base Chain, Advancing Its Multi-Chain Expansion Strategy
New York, New York--(Newsfile Corp. - August 1, 2025) - Everybody HOLD, a decentralized community-owned crypto project, has officially announced the deployment of its smart contract on the Base blockchain. This development marks a key milestone in the project's strategic roadmap to increase accessibility and scalability across blockchain ecosystems. Everybody HOLD Originally launched on Ethereum, the HOLD token now operates on both Ethereum and Base networks, allowing users to benefit from lower transaction fees and faster confirmation times offered by Base while maintaining full compatibility with the original contract. "The expansion to Base is a natural next step for HOLD," said a project spokesperson. "It allows our growing community to interact with the HOLD ecosystem in a more accessible and cost-efficient way, without altering our core values of decentralization, fairness, and transparency." Key Highlights: HOLD was designed with built-in anti-whale mechanisms at launch, including purchase limits and a burned majority supply to prevent centralization. Over time, the project has shifted to full community control, with no pre-sale, no airdrops, and no token unlocks scheduled. In the past three months, HOLD has experienced notable community growth, adding nearly 2,000 new holders globally. The decentralized nature of the project continues to attract users seeking long-term, transparent tokenomics. The addition of the Base smart contract reflects the project's commitment to cross-chain interoperability and sustained infrastructure development. With both chains now active, HOLD aims to broaden its user base while staying aligned with its founding principles. More updates and technical documentation about the Base deployment are available on the official website. About Everybody HOLD Founded in 2023, Everybody HOLD is a decentralized cryptocurrency project designed to promote community ownership and equitable token distribution. Built without VC funding or centralized control, the HOLD token operates transparently through public smart contracts and is governed by its growing global community.
