hodler

7 May 2026, 21:24

Coinbase Shares Slide as Crypto Giant Reports $394 Million Q1 Loss

Crypto exchange Coinbase reported a consecutive quarterly loss as transaction revenue plummeted 40% amid a volatile market.

7 May 2026, 21:22

Stocks to watch on Thursday after hours: COIN, NET, OPEN, EXPE

More on Coinbase, Opendoor Technologies, etc. Cloudflare Q1 Preview: Up 90% Since My Buy Call, But You're Too Late (Rating Downgrade) Expedia Group: Price Recovery In Line With Valuation And Strategic Business Model Cloudflare: Developer Platform Driving Stronger Growth Expedia drops despite Q1 beats; Q2 and 2026 revenue guidance include consensus Opendoor stock advances as adjusted EBITDA run rate turns profitable as of April 1

7 May 2026, 21:20

Binance is facing renewed pressure from the U.S. Treasury Department

Binance is facing renewed pressure from the U.S. Treasury Department after reports alleged that more than $1 billion in cryptocurrency transactions tied to Iranian entities moved through the exchange in 2024 and 2025, according to reports. The outreach marks the latest challenge for the world’s largest crypto exchange, less than three years after it agreed to one of the biggest settlements in U.S. financial enforcement history. According to The Information, Treasury Under Secretary for Terrorism and Financial Intelligence Gene Lange recently sent Binance a letter reminding the company that it is required to cooperate with the compliance monitoring program established under its 2023 plea deal with U.S. authorities. The letter reportedly asked Binance to provide “critical data records and documents” tied to the monitorship. Treasury has not released the letter publicly. The monitoring framework was created after Binance pleaded guilty in November 2023 to violations involving anti-money-laundering controls and sanctions laws. The company agreed to pay more than $4.3 billion in penalties and accept oversight from independent monitors for three years. Binance said it is cooperating with regulators “We recognize the seriousness of past issues and have dedicated substantial time, resources, and attention to addressing them,” the company said in comments cited by The Information. A Binance spokesperson separately told The Block that the exchange “welcomes constructive feedback from the Treasury” and sees the process as part of “continuously strengthening our compliance and anti-money laundering controls.” The latest scrutiny follows earlier reporting from The New York Times, which said Binance investigators internally identified more than 1,500 accounts accessed from Iran and traced roughly $1.7 billion in flows tied to Iranian entities, including wallets allegedly linked to Iran’s Islamic Revolutionary Guard Corps. Fortune later reported that some investigators connected to those findings had been dismissed, though Binance denied that any staff had been removed for raising compliance concerns. The allegations have since drawn attention from lawmakers in Washington Sen. Richard Blumenthal, the Connecticut Democrat who serves as ranking member of the Senate Permanent Subcommittee on Investigations, has pushed federal agencies for updates on Binance’s compliance oversight and handling of sanctions-related risks. “I am writing with concern over mounting allegations of dangerously lax anti-money-laundering prevention by Binance,” Blumenthal wrote in one of the letters. People familiar with corporate enforcement cases say monitorships are usually designed to operate quietly through structured reporting channels. Treasury’s decision to directly press Binance for records suggests regulators may be paying closer attention to whether the company is fully complying with the terms of the settlement. That matters because Binance remains central to global crypto trading activity. Any escalation between the company and U.S. regulators could ripple across digital asset markets, particularly if authorities decide the exchange breached conditions of the plea agreement. Potential consequences could range from additional fines to tighter operating restrictions or a longer compliance monitorship, according to legal analysts who follow financial crime enforcement . The case is also unfolding against a more politically charged backdrop in Washington, where Democrats have raised questions about the Trump administration’s approach to crypto oversight and enforcement priorities. Binance has repeatedly said that it has strengthened its anti-money-laundering systems since the 2023 settlement and reduced exposure to illicit activity on the platform. The smartest crypto minds already read our newsletter. Want in? Join them .

7 May 2026, 21:04

Coinbase stock slumps as Q1 earnings miss estimates on soft market environment

More on Coinbase Coinbase: Bitcoin's Rising Tide Masks A Retail Moat In Structural Decline Coinbase: The 16x EV/Adjusted Ebitda Valuation Remains Attractive Coinbase: Don't Enter Just Yet Coinbase Q1 2026 Earnings Preview Coinbase options chain signals 9% post-earnings swing

7 May 2026, 20:51

Coinbase reports a $394.1 million net loss after trading activity weakened

Coinbase Global (COIN) missed Wall Street’s first-quarter numbers after crypto prices cooled and customers traded less on spot markets. Coinbase reported a $394.1 million net loss for the quarter ended March 31, compared with $65.6 million in profit a year earlier. The loss came to $1.49 per share, while analysts tracked by LSEG expected a $0.27 profit. Revenue was $1.41 billion, below the $1.52 billion estimate. That is the part that matters first. The exchange made less money than expected, lost money on the bottom line, and got hit by a weaker trading market. Coinbase brought in $1.413 billion in total revenue, down 21% from Q4 and 31% from Q1 2025. Net revenue was $1.339 billion, also down 20% from the previous quarter and 31% from last year. Other revenue fell to $73.6 million, down 29% quarter over quarter. Total crypto market volumes dropped 28%, while spot volumes fell 37%. Coinbase said transaction revenue fell 23%, so yeah, Coinbase did better than the wider spot market, but that is still a hard fall. Coinbase loses trading revenue as retail customers pull back from spot markets Consumer transaction revenue fell to $567 million, down 23% from Q4. The reason was simple. Regular users traded less. Consumer spot trading volume fell 35%, and that cut into one of Coinbase’s biggest money engines. The company said newer products and a better revenue mix helped soften the damage, but they did not erase it. The institutional side also weakened. Institutional transaction revenue came in at $136 million, down 27% quarter over quarter. That lined up with the wider fall in market activity. Other transaction revenue was $53 million, down 17%, as instant transfers slowed and Base revenue came in lower. Source: Coinbase The expense line was mixed. Transaction expense fell to $195.9 million, down 10% from Q4 and 35% from last year. Sales and marketing dropped to $266.7 million, down 15% from the previous quarter, though still 8% higher than a year earlier. General and administrative costs fell to $376.1 million, down 17% from Q4 and 5% from Q1 2025, as legal, customer experience, policy, and deal-related bills came down. Still, technology and development climbed to $525.6 million, up 6% from Q4 and 48% year over year. Coinbase tied that increase mostly to one-time acquisition costs from Q4 2025. Total operating expenses were $1.434 billion, down 5% from the previous quarter but up 8% from last year. Operating result landed at a $21.4 million loss, compared with $273.8 million in operating income in Q4 and $705.8 million in Q1 2025. Coinbase leans on USDC, subscriptions, and newer products while crypto losses drag earnings down Subscription and services made up 44% of net revenue, giving Coinbase a larger business outside basic trading fees. Stablecoin revenue reached $305 million, helped by higher USDC usage and record average USDC balances inside Coinbase products. Average USDC held in Coinbase products hit $19 billion, including $3 billion in corporate balances. Off-platform USDC averaged $56 billion, bringing total average USDC market capitalization to $75 billion. Revenue tied to stablecoins and corporate balances totaled $324 million. Coinbase products brought in $161 million, corporate balances added $18 million, and off-platform USDC generated $163 million. That total was below Q4’s $364 million, but above Q1 2025’s $298 million. Source: Coinbase Blockchain rewards produced $101 million, helped by more native units staked, while lower asset prices held back the final number. Interest and finance fee income was $68 million, helped by record average daily loan balances. Coinbase One subscriptions kept growing during the weaker market. The newer product list also got bigger. Retail derivatives are now annualizing at more than $200 million, and Coinbase expects that line to become its next $250 million-tier product. Prediction markets are growing fast and are on pace to become Coinbase’s 13th product, above $100 million in annualized revenue. Below operating income, interest expense was $22.6 million, flat from Q4 and up 10% from last year. Losses on crypto assets held for investment were $482.4 million, while crypto assets held for operations showed $35.2 million in losses. Other income was $61.6 million, and the income tax benefit was $70.6 million. Adjusted EBITDA was $303.3 million, down from $565.9 million in Q4 and $929.9 million a year earlier. Coinbase has now posted 13 straight quarters of positive adjusted EBITDA. The smartest crypto minds already read our newsletter. Want in? Join them .

7 May 2026, 20:17

Binance Under Pressure: US Treasury Issues Ultimatum Over $1B Iran-Linked Flows

Binance has been under heightened scrutiny in recent months over allegations that it helped facilitate illicit crypto activity tied to Iran. The latest development is that the US Treasury Department has delivered a private ultimatum to the exchange. Binance Under The Spotlight Again According to The Information, the US Treasury sent a letter to Binance in recent weeks requiring adherence to the post-2023 oversight measures. The pressure comes after investigative reporting suggested that large volumes of cryptocurrency may have flowed through Binance toward Iran-linked entities during 2024 and 2025. Estimates cited in the reporting vary, with some figures placing the total at roughly $1.7 billion. Earlier, in February, Bitcoinist reported that Senator Richard Blumenthal initiated a formal inquiry into Binance and its co-CEO, Richard Teng, tied to these allegations. Blumenthal’s letter raised concerns that the company may have enabled “large-scale violations” of US and international sanctions relating to Iran. In his message, the senator argued that Binance appeared to disregard warnings and recommendations intended to prevent Iranian money laundering schemes, pointing again to the claim that approximately $1.7 billion in transfers connected to Iran may have occurred. Cooperation Promise In response to the renewed scrutiny, Binance said it is cooperating with the independent monitor and with relevant agencies. In comments to The Block, a spokesperson for Binance said the company is providing full cooperation and transparency. Separately, the exchange acknowledged the seriousness of its previous compliance problems, stating that it is working to improve both transparency and the speed of its responses. According to The Information, Treasury Under Secretary for Terrorism Gene Lange reminded the exchange of its obligation to cooperate fully with the Treasury-imposed monitoring program. Lange’s message emphasized timely sharing of relevant data records and documents as part of the program’s requirements. Featured image created with OpenArt, chart from TradingView.com