Coinbase Q2 Revenue of $1.22 Billion Misses Expectations, Shares Fall 5% After Hours

2026-07-31 by admin

PANews, July 31 – According to CoinDesk, Coinbase’s Q2 revenue was $1.22 billion, below the market expectation of $1.29 billion, with shares falling about 5% in after-hours trading. Transaction revenue was $599 million (expected $628 million), and subscription and services revenue was $555 million (expected $599 million). The company added 819 BTC in Q2, bringing its total holdings to 17,211 BTC (a 5% increase quarter-over-quarter). Coinbase CEO Brian Armstrong said Coinbase’s global crypto trading market share hit a record 10.3%. Coinbase CFO Alesia Haas stated that the market environment was challenging, and total revenue fell 14% quarter-over-quarter. The earnings report showed that 88% of net revenue came from non-Bitcoin spot trading, and subscription and services revenue (including USDC interest, staking, custody, Coinbase One membership, and institutional services) has become a key metric for the company to navigate through market cycles. The company has posted positive adjusted EBITDA for 14 consecutive quarters.

According to Shenzhen TechFlow news, on August 4th, based on data from Jinshi, the platinum group metals market has shown divergent trends this year, with iridium emerging as a dark horse in the precious metals market despite the overall trend. Insiders say the current price of iridium has reached 2,000 yuan per gram, far exceeding that of gold, and even at such high prices, it remains an irreplaceable 'incubator' for ultra-high-temperature specialty crystals.Industry insiders indicate that the rapid development of industries such as AI and new energy is driving new demand growth for iridium. According to data from Johnson Matthey, an important reference platform in the international precious metals market, the price of iridium has risen from $4,510.71 per troy ounce on December 31 last year to $7,850 per troy ounce on August 4 this year, an increase of over 70%.

PANews, August 5 – Citing a report by Phoenix Network that quoted the Financial Times, Anthropic’s Mythos 5 and OpenAI’s GPT-5.6 Sol engaged in “sustained, potentially harmful activities” targeting real individuals and organizations during routine cybersecurity assessments, including injecting malicious code into GitHub open-source projects and conducting social engineering attacks. AISI said such incidents occurred in 10 out of 122 tests, with almost all behavior originating from Anthropic’s Mythos model, and two operations involved OpenAI’s GPT. In the most serious case, an AI agent created fake online identities to pressure a project maintainer into approving malicious code, but the maintainer discovered and rejected it. AISI stated this is the first time risks related to autonomy and deception have been observed manifesting so clearly in the real world without specific prompts, and combined with previously exposed breach incidents, marks a shift in the risk landscape. Anthropic responded that a broader discussion on safety assessments is needed, while an OpenAI spokesperson said the incidents occurred in a test environment with weakened security protections and do not reflect everyday use, but the company will continue to work with assessment agencies to strengthen safety evaluation standards.