According to Odaily Planet Daily, U.S. crypto stocks generally fell, with Coinbase (COIN) down 16.19% and the current price being $317.67; Riot Platforms (RIOT) down 18.07% and the current price being $10.99; Circle (CRCL) down 8.02% and the current price being $168.8; Robinhood Markets (HOOD) down 8.76% and the current price being $93.90.
According to Odaily Planet Daily, Coinbase plans to launch new products including tokenized stocks, prediction markets, and early-stage token issuance to US users in the coming months, aiming to build a "universal exchange." The platform aims to enable on-chain trading of all assets. Coinbase will compete with licensed Kalshi and Polymarket, which recently acquired QCEX, in the prediction market space, and will challenge platforms like Robinhood that offer tokenized stock services.
According to Odaily Planet Daily, Bernstein stated in a report to clients that the current crypto bull market cycle is still in its early stages, and trading platforms such as Robinhood and Coinbase are expected to benefit from increased trading volume and mainstream market adoption. Bernstein reiterated its "outperform" rating for the two companies and remained confident in their performance. The report showed that Robinhood's second-quarter results announced on Wednesday were impressive, and it continued to expand its cryptocurrency products. Its trading volume soared to a six-month high in July, thanks to the recovery in market volatility and the influence of factors such as Circle's listing, which has led to growing investor interest in ETH, SOL, and DeFi tokens. Cryptocurrency trading volume is expected to rebound significantly in the second half of the year. In addition, the report mentioned that Coinbase has reached a strategic partnership with JPMorgan Chase, which has greatly promoted the popularization of digital assets. JPMorgan Chase's embrace of an industry once criticized by its CEO will accelerate Coinbase's customer acquisition. Bernstein believes that the current crypto bull market is still early, and recent developments have confirmed this view. At present, "no action is needed." (The Block)
According to Odaily Planet Daily, Robinhood (HOOD.O) reported $160 million in crypto revenue in Q2 2025, compared to market expectations of $162.1 million. Robinhood also reported 12.8 million monthly active users in the second quarter, compared to market expectations of 14.25 million.
Odaily Planet Daily reports that JPMorgan Chase doubled its 2026 price target for Robinhood stock to $98, ahead of the company's second-quarter earnings release on Wednesday. JPMorgan Chase maintained its neutral rating on the stock and said it expects earnings per share of 31 cents, up from 21 cents a year earlier. JPMorgan Chase stated that the company's investments in cryptocurrency and tokenized finance will increase operating leverage and create long-term profitability. (CoinDesk)
