Crypto Stocks on a Rollercoaster: GENIUS Shakes Market Ahead of Critical Q2 Earnings
Crypto-linked equities whip-saw as traders brace for volatility—because what’s a quarter without some drama?
GENIUS sparks frenzy: The latest market mover sends shockwaves through crypto stocks, leaving analysts scrambling to adjust targets before earnings drop.
Q2 showdown looms: Will crypto-correlated names defy gravity or faceplant like a over-leveraged degen? The street’s betting on chaos.
Bonus cynicism: If past performance is any indicator, these reports will either ‘change everything’ or be forgotten by next week—wall street’s amnesia strikes again.
Compass Point analysts estimate that Coinbase’s transaction revenue decreased 45% quarter over quarter.
“We’re hesitant toward shorting COIN during a crypto bull market and potential for Fed rate cuts — either from Powell or his successor,” Engel and Dilawar wrote. “However, if rate cuts and CLARITY act are postponed beyond 3Q25, this could pressure COIN’s valuation amid deteriorating fundamentals.”
Before you go enjoy your weekend (after reading the rest of this newsletter, of course), I’ll mention one other crypto-linked stock that just turned heads with its latest hire.
Nasdaq-listed SharpLink Gaming today named Joseph Chalom, BlackRock’s former head of digital asset strategy, as its co-CEO.
You might recognize the SharpLink name. It’s that Joe Lubin-led company that all of a sudden got really into Ethereum. It held 360,807 ETH, as of July 20. (For more on crypto treasury strategies, consider reading this).
Sharplink’s stock is up about 110% from a month ago, but has dropped roughly 30% in the last week. Crypto equities remain a segment we’ll be watching closely.
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