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Markets2h 0m ago

JPMorgan cut Circle and Coinbase earnings forecasts, warning the Hyperliquid USDC deal could pressure reserve income despite higher adoption.

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Global

Who
JPMorgan, Circle, Coinbase, Hyperliquid
What
JPMorgan cut Circle and Coinbase earnings forecasts, warning the Hyperliquid USDC deal could pressure reserve income despite higher adoption.
When
Tue, 14 Jul 2026 22:06:26 GMT · 2h 0m ago
Where
Global ·
Why
The Hyperliquid USDC deal is projected to pressure reserve income for Circle and Coinbase.
The Frontline Impact

How this affects you

JPMorgan's warning suggests potential financial pressure on Circle and Coinbase due to a new deal involving Hyperliquid and USDC, impacting their projected earnings.

Story chain

4 events in this thread
  1. Currently Reading2h 0m ago
    JPMorgan cut Circle and Coinbase earnings forecasts, warning the Hyperliquid USDC deal could pressure reserve income despite higher adoption.
  2. Markets3h 4m ago
    JPMorgan has reduced its earnings forecasts for Circle and Coinbase following a new revenue-sharing deal with Hyperliquid.
    Open article
  3. Markets3h 4m ago
    JPMorgan reduced earnings forecasts for Circle and Coinbase due to a new revenue-sharing deal with Hyperliquid impacting USDC profitability.
    Open article
  4. Markets4h 33m ago
    JPMorgan has reduced earnings forecasts for Coinbase and Circle, citing that a partnership with Hyperliquid weakens revenue economics for both firms concerning USDC.
    Open article

Verified Sources & Citations