Coinbase's earnings miss is linked to the crypto market slump, not its fundamentals. Ethereum reaching $10,000 by December 31, 2026 at 1.8% YES.

Wall Street expects a sluggish second quarter from Coinbase as crypto trading activity cools, putting all eyes on and pending U.S. crypto legislation.

Coinbase reported lower quarterly revenue and a net loss as crypto trading activity declined, while subscription and lending grew.