Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong reportedly faced harsh criticism from Wall Street’s biggest bank chiefs at the World Economic Forum in Davos.

The Davos Showdown

JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon interrupted Armstrong’s coffee meeting with former U.K. Prime Minister Tony Blair to confront him directly according to a Wall Street Journal feature published on Friday.

“You are full of s—,” Dimon said with his index finger pointed at Armstrong’s face, telling him to stop lying on television. 

Armstrong had appeared on business TV accusing banks of trying to sabotage crypto legislation.

Bank of America (NYSE:BAC) CEO Brian Moynihan gave Armstrong 30…

Read more on Benzinga

Earnings reality, software doubt, crypto stress

META and MSFT Earnings Reset Expectations

Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT) earnings forced a reset in how the market is thinking about AI-led growth. Meta’s results reinforced operating leverage and disciplined monetization, while Microsoft’s print highlighted how elevated expectations leave little room for execution noise. The reaction was less about whether AI is working and more about how much is already priced in.

The broader message is valuation sensitivity. Even leaders can sell off when guidance does not expand the narrative fast enough. AI remains the driver, but earnings season is reminding investors that timing and…

Read more on Benzinga

Bitmine Immersion Technologies Inc. (NYSE:BMNR) stock declined on Friday as Ethereum (CRYPTO: ETH) extended losses during afternoon trading.

Ethereum Drops 6% Despite Lee’s Warning

“Own what works. But don’t let FOMO make you abandon good ideas,” Lee stated, according to a Benzinga report on Thursday.

Metals Rally Creates Capital Rotation Challenge

Bitmine warned that gold and silver’s explosive moves are creating a “vortex” that’s sucking investor attention away from structurally strong themes like AI and crypto, according to the company’s statement. Lee explained the metals rally is diverting capital from crypto because traders are tying up funds in gold and silver…

Read more on Benzinga

President Trump on Friday announced Kevin Warsh as his nominee to succeed Jerome Powell as Chair of the Federal Reserve, yet Bitcoin (CRYPTO: BTC) plunged below $83,000 on the news.

Warsh Nomination Shifts Macro Interpretation

Technical analyst Kyledoops said a Warsh-led Fed would fundamentally change how markets interpret policy signals, given his reputation as an inflation hawk and strong-dollar advocate.

“If Warsh even hints at easing, it would be taken as genuinely meaningful,” Kyledoops noted, adding that such signals could reprice the dollar, yields, risk assets and Bitcoin.

He emphasized that markets trade perception as much as policy, and leadership often shapes that narrative.

Benzinga