Latest news with #Deribit
Yahoo
2 days ago
- Business
- Yahoo
Coinbase Reports Earnings This Week. Here's How Much Traders Expect the Stock to Move
Coinbase Global (COIN) is set to report second-quarter earnings after the closing bell Thursday, with traders anticipating a big swing from the crypto exchange's stock. Recent options prices suggest shares could move close to 7% in either direction by the week's end from Tuesday's level just above $371. Such a move could push Coinbase's stock to $396 at the high end, or leave it at $347 on the low end. The crypto exchange's first-quarter revenue and adjusted net income were lighter than expected, and shares fell about 3% the day after the release. Coinbase attributed the results to "softer trading markets," which analysts expect likely continued to be the case in the second quarter. Crypto market volatility could drag on Coinbase's results in the short term, but its stock has added nearly half its value in 2025 as the company made acquisitions to position itself as a one-stop shop for crypto enthusiasts, and amid optimism about a more favorable regulatory environment. In May, Coinbase acquired crypto options exchange Deribit in a cash-and-stock deal valued at $2.9 billion. Earlier this month, it acquired Liquifi, which helps startups manage and distribute tokens. Coinbase has also stepped up its presence in the payments space, which could see greater traction following the passage of the GENIUS Act. The company launched an on-chain platform for businesses that want to manage stablecoin transactions, and partnered with American Express for a credit card that offers rewards denominated in Bitcoin. Coinbase is expected to report a rise in second-quarter revenue from a year ago, but a decline in adjusted earnings before itemization, depreciation and amortization, or EBITDA, according to estimates compiled by Visible Alpha. Wall Street analysts are divided on the stock, with five calling it a "buy," five giving it a "hold," and one issuing a "sell" rating. Their mean target is $381.40, implying upside of about 3% from Tuesday's close. Read the original article on Investopedia
Yahoo
3 days ago
- Business
- Yahoo
COIN to Report Q2 Earnings: Will Higher Trading Volume Fuel Growth?
Coinbase Global COIN is set to report second-quarter 2025 results on July 31, after market close. This company beat estimates in three of the last four reported quarters and matched in discuss the factors that are likely to be reflected in the upcoming quarterly volume in the second quarter is likely to have improved owing to increased asset volatility and improved crypto asset prices. Crypto trading remains a major revenue driver for COIN. It has been prioritizing crypto utility by investing in infrastructure and foundational market share in the U.S. spot and derivatives markets and an expanded product portfolio and international market presence are likely to have added to the upside. The company is likely to have benefited from the acquisition of Deribit, the world's leading crypto options exchange, in the quarter. This makes Coinbase the leading crypto derivative platform globally by open Zacks Consensus Estimate for total trading volume is pegged at 249 million, indicating an improvement of 10.1% from the year-ago reported number. The consensus estimate for total volume - Consumer is pegged at 46.1 million, suggesting a 25% increase from the year-ago reported number. The consensus mark for total volume - Institution is pegged at 203 million, indicating a surge of 7.4% from the year-ago reported revenues are likely to have benefited from higher fees for Consumer and Institutional. The Zacks Consensus Estimate for transaction revenues is pegged at $759 billion, indicating an increase of 23% from the year-ago reported Zacks Consensus Estimate for transaction revenues - Consumer is pegged at $647 million. The consensus estimate for transaction revenues - Institutional is pegged at $54 are likely to have benefited from market share gains in U.S. spot and derivatives trading, along with increased volumes in custody, staking and USDC assets, as well as growth in Coinbase One subscriptions. What Our Quantitative Model Predicts Our proven model predicts an earnings beat for Coinbase this time around. This is because the stock has the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), which increases the odds of an earnings beat. Earnings ESP: Coinbase's Earnings ESP is +12.05%. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Coinbase Global, Inc. Price and EPS Surprise Coinbase Global, Inc. price-eps-surprise | Coinbase Global, Inc. Quote Zacks Rank: Coinbase currently has a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here. Other Stocks to Consider Euronet Worldwide EEFT has an Earnings ESP of +2.53% and a Zacks Rank of 2 at present. The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at $2.63 per share, indicating an increase of 16.9% from the year-ago reported figure. EEFT's earnings beat estimates in only one of the last four quarters, met in two and missed in Lokey HLI has an Earnings ESP of +0.99% and carries a Zacks Rank of 3 at present. The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at $1.69, indicating a surge of 38.5% from the year-ago reported earnings beat estimates in three of the last four quarters, while missing in & Co. Inc. INTR has an Earnings ESP of +5.41% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at 12 cents per share, indicating an increase of 33% from the year-ago reported earnings beat estimates in two of the last four quarters, met in one and missed in one. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Euronet Worldwide, Inc. (EEFT) : Free Stock Analysis Report Houlihan Lokey, Inc. (HLI) : Free Stock Analysis Report Coinbase Global, Inc. (COIN) : Free Stock Analysis Report Inter & Co. Inc. (INTR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Bitcoin Seeing Severe Exhaustion of Bullish Momentum
Bitcoin: Correction risks mount Bitcoin (BTC) continues to trade directionless near $120,000 amid data from the Deribit-listed options showing a significant positive dealer gamma at the $120,000 and $120,500 strikes. When dealers have a positive gamma exposure, they buy low and sell high to rebalance their net exposure to neutral, inadvertently arresting volatility. The crucial support area between $116,000 and $117,000, validated by both price charts and on-chain activity, if breached, would likely pave the way for a retest of the May high just below $112,000. Conversely, a convincing move above $120,000 will likely bring record highs. That said, the case for an extended pullback looks strong, as the miniscule 0.12% green bar, confirmed on July 22 on the three-line break chart with daily configuration, indicates uptrend exhaustion. AI's take: On a three-line break chart, where each bar signals a confirmed trend move, the minuscule 0.12% green bar on July 22 is a significant warning. It indicates that the strong uptrend is experiencing severe exhaustion of buying momentum, suggesting a potential imminent consolidation or reversal despite the overall bullish trend. Resistance: $120,000, $123,181. Support: $116,000-$117,000, $114,700, $111,965. Ether: Hits 7-Month Ether (ETH) has risen nearly 2% in the past 24 hours, hitting a seven-month high of $3,937 at one point, which invalidated the indecisive Doji signal from last week. The momentum, however, was short-lived, as prices quickly pulled back to $3,880 as of the time of writing, validating the 14-day RSI, which did not confirm the fresh multi-month high in prices, hinting at potential bearish divergence and an impending correction. The daily chart MACD histogram also teased a bearish cross, with on-chain fundamentals like Ethereum's native fees and revenue failing to keep pace with the rising prices. The higher low of $3,510 established on Thursday remains key support, below which, the risk of an extended slide would increase. On the higher side, the $3,900-$4,100 is the key resistance range from 2024. AI's take: The MACD is flashing an impending negative cross, signaling weakening bullish momentum, while the RSI shows bearish divergence, failing to confirm new price highs. These indicators collectively point to a loss of upward thrust, increasing downside risk. Resistance: $4,000, $4100, $4,382. Support: $3,770 (daily low), $3,510, $3,000. XRP: Retreats from support-turned-resistance XRP (XRP) has reversed the gains from the Asian session, retreating from near the former support-turned-resistance level at $3.35. The pullback appears to have legs, as the hourly chart's RSI has violated the bullish trendline and the MACD histogram has crossed below zero, signaling a bearish shift in momentum. This structure favors a retest of the July 24 low of $2.96, below which, the focus would shift to the May high of $2.65. The tweezer top pattern on the weekly chart, characterized by consecutive candlesticks with highs at $3.65, also suggests a bearish shift in momentum. AI's take: XRP's impressive rally has been capped by a significant "tweezer top" candlestick pattern, a strong bearish reversal signal that warns of potential downside from its multi-year highs. Resistance: $3.35, $3.65, $4.00. Support: $2.96, $2.65, $2.44 (the 200-day SMA) Solana: Not out of the woods yet SOL's (SOL) price has recovered to trade above the hourly chart Ichimoku cloud, establishing higher lows to suggest renewed upward momentum and a possible retest of $200, the upper end of the ascending channel. Still, we are not out of the woods yet, as the tweezer top formation at $205-$206 on the daily chart remains valid. Hence, a move below $184, the higher low, cannot be ruled out and will likely lead to an accelerated pullback to the 200-day SMA at $163. AI's take: Solana's impressive July rally has produced a "Tweezer Top" candlestick pattern at its peak, signaling a strong bearish reversal that suggests significant selling pressure has entered the market. Resistance: $205-$206, $218, $252. Support: $184, $163, $126. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
4 days ago
- Business
- Globe and Mail
COIN to Report Q2 Earnings: Will Higher Trading Volume Fuel Growth?
Coinbase Global COIN is set to report second-quarter 2025 results on July 31, after market close. This company beat estimates in three of the last four reported quarters and matched in one. Let's discuss the factors that are likely to be reflected in the upcoming quarterly results. Trading volume in the second quarter is likely to have improved owing to increased asset volatility and improved crypto asset prices. Crypto trading remains a major revenue driver for COIN. It has been prioritizing crypto utility by investing in infrastructure and foundational platforms. Increased market share in the U.S. spot and derivatives markets and an expanded product portfolio and international market presence are likely to have added to the upside. The company is likely to have benefited from the acquisition of Deribit, the world's leading crypto options exchange, in the quarter. This makes Coinbase the leading crypto derivative platform globally by open interest. The Zacks Consensus Estimate for total trading volume is pegged at 249 million, indicating an improvement of 10.1% from the year-ago reported number. The consensus estimate for total volume - Consumer is pegged at 46.1 million, suggesting a 25% increase from the year-ago reported number. The consensus mark for total volume - Institution is pegged at 203 million, indicating a surge of 7.4% from the year-ago reported number. Transaction revenues are likely to have benefited from higher fees for Consumer and Institutional. The Zacks Consensus Estimate for transaction revenues is pegged at $759 billion, indicating an increase of 23% from the year-ago reported figure. The Zacks Consensus Estimate for transaction revenues - Consumer is pegged at $647 million. The consensus estimate for transaction revenues - Institutional is pegged at $54 million. Revenues are likely to have benefited from market share gains in U.S. spot and derivatives trading, along with increased volumes in custody, staking and USDC assets, as well as growth in Coinbase One subscriptions. What Our Quantitative Model Predicts Our proven model predicts an earnings beat for Coinbase this time around. This is because the stock has the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), which increases the odds of an earnings beat. Earnings ESP: Coinbase's Earnings ESP is +12.05%. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. Zacks Rank: Coinbase currently has a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here. Other Stocks to Consider Euronet Worldwide EEFT has an Earnings ESP of +2.53% and a Zacks Rank of 2 at present. The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at $2.63 per share, indicating an increase of 16.9% from the year-ago reported figure. EEFT's earnings beat estimates in only one of the last four quarters, met in two and missed in one. Houlihan Lokey HLI has an Earnings ESP of +0.99% and carries a Zacks Rank of 3 at present. The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at $1.69, indicating a surge of 38.5% from the year-ago reported figure. HLI's earnings beat estimates in three of the last four quarters, while missing in one. Inter & Co. Inc. INTR has an Earnings ESP of +5.41% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at 12 cents per share, indicating an increase of 33% from the year-ago reported figure. INTR's earnings beat estimates in two of the last four quarters, met in one and missed in one. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include Stock #1: A Disruptive Force with Notable Growth and Resilience Stock #2: Bullish Signs Signaling to Buy the Dip Stock #3: One of the Most Compelling Investments in the Market Stock #4: Leader In a Red-Hot Industry Poised for Growth Stock #5: Modern Omni-Channel Platform Coiled to Spring Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%. Download Atomic Opportunity: Nuclear Energy's Comeback free today. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Euronet Worldwide, Inc. (EEFT): Free Stock Analysis Report Houlihan Lokey, Inc. (HLI): Free Stock Analysis Report Coinbase Global, Inc. (COIN): Free Stock Analysis Report Inter & Co. Inc. (INTR): Free Stock Analysis Report This article originally published on Zacks Investment Research (
Yahoo
7 days ago
- Business
- Yahoo
'Wall Streetization' of Bitcoin: BTC Volatility Index and the S&P 500 VIX Boast Record 90-Day Correlation
New statistical evidence has emerged, suggesting that bitcoin's (BTC) market dynamics are now intricately linked to the ebb and flow on Wall Street. Recently, the 90-day correlation coefficient between bitcoin's 30-day implied volatility indices – Volmex's BVIV and Deribit's DVOL – and the S&P 500 VIX hit a record high of 0.88, according to data source TradingView. A positive correlation of 0.88 indicates that the two variables are closely tied. As of Wednesday, the correlation stood at 0.75. The VIX represents the 30-day implied or expected price turbulence in Wall Street's equity index, the S&P 500. The strengthening correlation suggests that BTC's implied volatility indices are evolving into fear gauges, similar to the VIX, which typically falls during bull runs and rises during sell-offs. The BVIV has crashed from roughly 67% to 42% this year, moving in the opposite direction of BTC's price, which has risen by 26%. Historically, BTC and its implied volatility tended to move in tandem. Meanwhile, the VIX has dropped 11% this year, while the S&P 500 index has gained over 8%. According to Markus Thielen, founder of 10x Research, growing institutional participation in the crypto market, characterized by volatility sellers, is behind the collapse in BTC implied volatility and the resulting record correlation with the VIX. Volatility selling involves writing out-of-the-money (OTM) calls to generate an additional income on top of the spot market holdings. Some traders also write OTM puts. "This bitcoin cycle continues to be dominated by Wall Street participants, who are actively compressing volatility," Thielen told CoinDesk. "Rather than speculating directionally, many institutional players are selling call options to generate additional yield—mirroring traditional equity income strategies. As a result, directional flows tend to follow broader risk-on/risk-off dynamics familiar to legacy markets," Thielen added. Thielen added that the institutional framework has contributed to BTC's growing correlation with the U.S. equities, "particularly as hedge funds and asset managers increasingly apply the same macro playbook across both asset classes." Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
