Coinbase Global (NASDAQ:COIN) reported first-quarter financial results Thursday after market close.

Here are the highlights.

Coinbase Q1 Financials

Coinbase reported first-quarter revenue of $1.41 billion, down 31% year-over-year. The revenue total missed a Street consensus estimate of $1.53 billion, according to data from Benzinga Pro.

Transaction revenue was $756 million in the first quarter, down 40% year-over-year. Subscription and Services revenue was $584 million in the quarter, down 14% year-over-year.

The company reported an adjusted loss of 17 cents per share, missing a Street consensus estimate of 29 cents per share.

Prediction markets are called out by the company as one of the…

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Bitcoin slipped to $80,000 as bulls look for new buyers to step in to extend the relief rally.

Notable Statistics:

Coinglass data shows 109,319 traders were liquidated in the past 24 hours for $358.60 million.       

SoSoValue data shows net inflows of $46.3 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $11.6 million.

In the past 24 hours, top gainers include siren, Venice Token and World Liberty Financial.

Notable Developments:

Trader Notes:

Trader Dan Gambardello said Bitcoin’s five-year rising wedge may appear bearish, but the pattern has historically failed often, leaving room for a breakout to new all-time highs. Improving global…

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Ethereum (CRYPTO: ETH) is caught between heavy whale selling and rising institutional adoption, according to fresh expert analysis.

Is Path To $3,000 Certain?

Crypto chart analyst Ali Martinez said Ethereum wallets holding between 1,000 and 10,000 ETH have reversed course after months of steady accumulation.

According to Martinez, this group increased holdings from 12.95 million ETH in April 2025 to a peak of 15.95 million ETH on Oct. 6, 2025.

Since then, holdings have fallen to roughly 12.52 million ETH, marking a 21.5% decline.

This whale cohort has historically provided liquidity during major Ethereum market cycles and their recent selling activity could create a supply overhang risking…

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VanEck Head of Digital Assets Research Matthew Sigel projects Bitcoin (CRYPTO: BTC) could reach $1 million within five years.

The $1 Million Thesis

Sigel framed the million-dollar target as VanEck’s base case over the next half-decade, driven by demographic trends and young investors’ intentions to allocate to Bitcoin.

“When you look at the demographic trends, it’s going to be like the video game industry,” Siegel explained on CNBC’s Halftime Report. 

“Thirty years ago it was kids playing video games. Now Elon Musk plays video games. People don’t quit. They also don’t quit Bitcoin,” he added.

Sigel pointed to the first central bank buying Bitcoin for reserves as evidence…

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The program is currently available to a limited group of creators in Colombia and the Philippines.

But Meta is not stopping there. The Stablecoin payout program is expected to expand to more than 160 countries by the end of the year.

Before you miss this quiet but powerful update, let me explain why it could reshape the global financial landscape. 

The Lesson Meta Learned From Its $182 Million Crypto Failure 

To understand why this is a big deal, you need to understand where Meta came from.

In 2019, Meta, then called Facebook, announced Libra, a stablecoin backed by assets, big companies, and accessible to billions of Facebook users worldwide. Due to several reasons, this project eventually…

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The Twitter Exchange Gets Heated

Philion opened the exchange by pointing out that Cardano launched in 2017 while Flare launched in 2023. 

He argued that Cardano has been “trying and miserably failing” to copy Flare’s strategy and has far lower DeFi stats despite a massive head start and vast treasury.

“Cardano will not win BTC,” Philion declared. 

“Flare will win by creating the unified DeFi layer for FXRP, FBTC, FXLM, RWAs, Stables and the rest,” he added.

Hoskinson dismissed the attack as outdated marketing tactics, responding that attacking Cardano for attention and media “is so 2022” and suggesting Philion try TikTok reaction videos instead.

Philion Fires Back With Data

Benzinga

Bitcoin continues to hold above $80,000 as Bitcoin ETFs saw $46.3 million in net inflows on Wednesday, while Ethereum ETFs reported $11.6 million in net inflows.    

Meme coin market capitalization is trading 1.4% higher to $39.8 billion over the past 24 hours.

Trader Commentary: 

Crypto chart analyst Ali Martinez said Bitcoin appears to have absorbed bearish liquidity positioned between $80,000 and $84,000, suggesting short sellers in that range may have been squeezed out.

Focus is now shifting to lower levels, where liquidity clusters worth more than $55 million remain concentrated around $75,000, $73,000 and $70,000. These areas could act as important support zones or potential…

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Schiff Attacks STRC Again

Schiff took a dig at Saylor and his firm on X, labeling the Perpetual Stretch Preferred Stock (NASDAQ:STRC) offering as a “Ponzi scheme” that gets prolonged by such commitments.

“But my guess is when the time comes, he’d suspend the dividend and crash STRC rather than crash Bitcoin,” Schiff predicted.

Strategy didn’t immediately return Benzinga’s request for comment

Will Saylor Really Sell Bitcoin?

Saylor said during Strategy’s first-quarter earnings call that the company may “sell some Bitcoin” to fund a dividend and “inoculate” the market, a rather unexpected departure from when he told holders to “sell a kidney if you must, but keep the Bitcoin.”

Benzinga