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42· Steady
Markets2h 18m ago
JPMorgan has reduced earnings forecasts for Coinbase and Circle, citing that a partnership with Hyperliquid weakens revenue economics for both firms concerning USDC.
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Global
Who
JPMorgan, Coinbase, Circle
What
JPMorgan has reduced earnings forecasts for Coinbase and Circle, citing that a partnership with Hyperliquid weakens revenue economics for both firms concerning USDC.
When
Tue, 14 Jul 2026 19:34:17 GMT · 2h 18m ago
Where
Global ·
Why
The Hyperliquid partnership is impacting the revenue economics of USDC for Coinbase and Circle.
The Frontline Impact
How this affects you
JPMorgan's assessment suggests a potential negative financial impact on Coinbase and Circle due to the Hyperliquid deal, leading to revised earnings forecasts.
Story chain
3 events in this thread- Markets49m agoJPMorgan has reduced its earnings forecasts for Circle and Coinbase following a new revenue-sharing deal with Hyperliquid.Open article
- Markets49m agoJPMorgan reduced earnings forecasts for Circle and Coinbase due to a new revenue-sharing deal with Hyperliquid impacting USDC profitability.Open article
- Currently Reading2h 18m agoJPMorgan has reduced earnings forecasts for Coinbase and Circle, citing that a partnership with Hyperliquid weakens revenue economics for both firms concerning USDC.