Earnings

Robinhood's shares fell over 13% following a Q3 earnings miss. Despite the setback, JMP Securities raised its price target to $33, maintaining a bullish outlook.

Following Coinbase’s Q3 earnings miss, the upcoming U.S. presidential election is now a major short-term catalyst for Coinbase and the crypto industry.

Bitcoin mining profitability has reached an all-time low, with miners earning just $43,600 per exahash per second in daily block rewards in August 2024, according to JPMorgan. This marks a significant drop from the peak of $342,000 per EH/s in November 2021, as rising network hashrate and increased mining difficulty continue to pressure the industry.

The company's loss per share doubled to $0.32.