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Markets2h 5m ago

JPMorgan reduced earnings forecasts for Circle and Coinbase due to a new revenue-sharing deal with Hyperliquid impacting USDC profitability.

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Global

Who
JPMorgan, Circle, Coinbase, Hyperliquid
What
JPMorgan reduced earnings forecasts for Circle and Coinbase due to a new revenue-sharing deal with Hyperliquid impacting USDC profitability.
When
Tue, 14 Jul 2026 21:03:10 GMT · 2h 5m ago
Where
Global ·
Why
A new revenue-sharing deal between JPMorgan and Hyperliquid raised concerns about the profitability and economics of USDC.
The Frontline Impact

How this affects you

JPMorgan's action signals potential headwinds for Circle and Coinbase, affecting investor sentiment and future revenue projections for these cryptocurrency-related entities.

Story chain

4 events in this thread
  1. Markets1h 1m ago
    JPMorgan cut Circle and Coinbase earnings forecasts, warning the Hyperliquid USDC deal could pressure reserve income despite higher adoption.
    Open article
  2. Markets2h 5m ago
    JPMorgan has reduced its earnings forecasts for Circle and Coinbase following a new revenue-sharing deal with Hyperliquid.
    Open article
  3. Currently Reading2h 5m ago
    JPMorgan reduced earnings forecasts for Circle and Coinbase due to a new revenue-sharing deal with Hyperliquid impacting USDC profitability.
  4. Markets3h 34m 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