JPMorgan Cuts Circle, Coinbase Targets Over USDC Deal Concerns
Covered by 2 sources · 2 articles
2 outlets - including Livebitcoinnews and Cryptonews - are covering this story. JPMorgan cuts Circle and Coinbase forecasts as Hyperliquid gets 90% of USDC reserve yield on its $6B balance, 8% of supply today. JPMorgan has lowered earnings forecasts for Circle and Coinbase after a reported Hyperliquid agreement changed…
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Coinbase’s Hyperliquid Deal Sparks JPMorgan Cuts for Circle and COIN Forecasts
JPMorgan cuts Circle and Coinbase forecasts as Hyperliquid gets 90% of USDC reserve yield on its $6B balance, 8% of supply today. JPMorgan has lowered earnings forecasts for Circle and Coinbase after a reported Hyperliquid agreement changed…
JPMorgan Cuts Circle, Coinbase Targets Over USDC Deal Concerns
JPMorgan cut its Coinbase target to $196 from $283 and lowered Circle forecasts, warning the pair's revised Hyperliquid agreement weakens USDC economics and creates a "prisoner's dilemma". The post JPMorgan Cuts Circle, Coinbase Targets Ove…