JPMorgan Lowers Earnings Forecasts for Circle and Coinbase
On July 14, JPMorgan Chase reduced its earnings forecasts for crypto firms Circle Internet Group (CRCL) and Coinbase Global (COIN). The adjustment followed Coinbase's expansion of USDC support on Hyperliquid, a popular decentralized exchange. This move has implications for the stablecoin ecosystem and capital markets.

Topics: Circle Internet Group Coinbase crypto JPMorgan Chase stablecoins