Here’s Why JPMorgan Cuts Circle and Coinbase Forecasts
TLDR JPMorgan cut Coinbase adjusted diluted EPS forecast to -$0.01. Circle’s Q2 GAAP EPS estimate remained at $0.16. Hyperliquid held about $6B USDC, nearly 8% of supply. Coinbase will pay 90% of Hyperliquid USDC reserve […]
