JPMorgan Lowers Earnings Forecasts for Circle Internet Group and Coinbase Global
On July 14, JPMorgan Chase reduced its earnings forecasts for crypto companies Circle Internet Group (CRCL) and Coinbase Global (COIN). The adjustment followed a partnership between Coinbase and Hyperliquid to expand USDC support on the decentralized exchange. This move has implications for both firms' revenue models tied to stablecoin usage.
Topics: Circle Internet Financial Coinbase crypto JPMorgan stablecoins