Circle Shares Drop as Coinbase Eyes Huge New Stablecoin Platform Backed by Stripe, Visa & Mastercard
Circle shares fell as Coinbase may join a new stablecoin platform with Stripe, Visa and Mastercard, raising competition worries.
Circle shares fell as Coinbase may join a new stablecoin platform with Stripe, Visa and Mastercard, raising competition worries.
Coinbase reports losses as crypto trading drops, revenue falls, layoffs hit 700 jobs, and shares decline amid weak market in 2026.
Coinbase is cutting 700 jobs (14%) to save money and prepare for AI. Costs $50–60M, mostly severance, done by June 2026.
Schwab had strong Q1 2026 results, with higher revenue, profits, and client growth. It will soon offer Bitcoin and Ethereum trading. Shares fell due to net interest revenue coming in slightly below Wall Street expectations.
Prediction markets are booming fast, with huge growth expected to $1T by 2030 as betting on real events goes mainstream.
Rosenblatt downgraded Bullish to Neutral, citing its rich valuation. A collapse in crypto activity adds further pressure.