- COIN reported quarter-over-quarter declines in transaction revenue and transactional gross profit, a lower transaction gross margin, and positive adjusted EBITDA for the 14th consecutive quarter.
- Ark Invest bought 54,776 shares of Coinbase (COIN) worth about $8M after a >14% drop following Q2 earnings; COIN became ARKK’s sixth-largest holding, ~4.2% of the fund (~$238M).
- COIN: CEO Brian Armstrong urged Senate to pass the CLARITY Act, saying it would set crypto rules, let banks offer stablecoin/crypto services, and expand U.S. regulatory oversight.
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.