Wall Street analysts slash Coinbase (COIN) price targets after Q4 miss — but shares still rally

Shares of Coinbase (COIN) jumped 12% Friday despite the crypto exchange missing fourth-quarter earnings expectations, as analysts reacted to the report with a mix of caution on short-term pressures and optimism about the company’s evolving business model. The company posted net revenue of $1.71 billion, below Wall Street estimates of $1.81 billion, while its core…

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DeFi Education Fund calls on UK FCA to narrow definition of control in crypto regulation

The DeFi Education Fund (DEF) has urged the U.K.’s Financial Conduct Authority to adopt a narrow, functional definition of “control” as it finalizes new rules for crypto asset activities. The Washington, D.C.-based advocacy group argued that regulatory obligations should hinge on whether an entity has unilateral authority over user funds or transactions, not merely whether…

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Ark Invest buys $18 million of crypto stocks including 10th consecutive Bullish (BLSH) purchase

Ark Invest added another $18 million worth of crypto-adjacent stocks to its holdings on Thursday, including a $2 million purchase of shares in cryptocurrency exchange Bullish (BLSH). The St. Petersburg, Florida-based company also bought $12 million worth of crypto-friendly trading platform Robinhood (HOOD) and $4 million worth of ether ETH$1,965.77 treasury firm Bitmine Immersion Technologies…

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Crypto market wobbles as investors ignore good news, look for the ‘exit ramp’: Crypto Daybook Americas

Crypto Daybook Americas will not be published on Monday, Feb. 16 due to the Presidents’ Day holiday in the U.S. We will be back on Feb. 17. By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$66,560.23 is on track for a fourth straight weekly decline in its longest negative streak since mid-November. The…

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BTC long-term rally is ‘broken’ until price reclaims $85,000, Deribit executive says

Bitcoin’s BTC$66,914.52 long-term rally is “broken” and will remain so until the price climbs above $85,000, said Jean-David Péquignot, chief commercial officer of derivatives exchange Deribit. The largest cryptocurrency has settled into the $60,000 to $70,000 range in the past week, some 45% below the record high it hit in October. It’s on track to…

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Standard Chartered sees bitcoin (BTC) sliding to $50,000, ether (ETH) to $1,400 before recovery

Investment bank Standard Chartered lowered its short-term and full-year price forecasts for major cryptocurrencies, citing continued downside risk as exchange-traded fund (ETF) outflows and a challenging macro backdrop pressure the market. The bank now expects bitcoin BTC$66,199.60 to fall to around $50,000 in the coming months, with ether ETH$1,936.34 potentially bottoming near $1,400. The world’s…

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