“The Company’s Stock Performance Has Been Booted by Progress on the Genius Act, Which Could Increase Revenue for Coinbase Through Stablecoin-Related Income.”, – WRITE: www.coindesk.com
June’s Run Is Already The Stock’s Best Since November and Caps Three Straight Monthly Gains. Coinbase’s Shares Reached Their Highest Level Since Their Public DEBUT.
Coin Hit A $ 382 High this Week Before Enduring a Slight Correction, Ending The Week at $ 353 and Seeing A Slight 0.7% Drop In After-Hours Trading to $ 351.
The Wider S&P 500 Index Rose Rose Rose 5% in June As Geopolitic Tensions Eased.
Washington’s Progress on the Genius Act, Congress’s First Rulebook for Dollar-PEGGED STABLECOins, Helped Shift Investor Focus from Trading Fees to Stablecoin Revenue.
The Bill Brigted the Outlook for Circle, Whose Shares Hit A Record High and Saw It Market Cap Near That of Coinbase This Week.
Coinbase all yield on USDC Balances Held on Its Platform and Nearly Half of Other USDC Income, EQUAL TO ABOUT 99 PerCent of Circle’s Revenue, Giveing Shareholders Cost, CNBC Reported Friday, Citing Analysts Including Citizens’ Head of Financial Technology Research Devin Ryan.
Trading, However, Remains Subdoed. AVERAGE DAILY VOLUME ON COINBASE HAS DRIFTED LOWER SINCE April.
