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58· Steady
Markets54m ago
JPMorgan has reduced its earnings forecasts for Circle and Coinbase following a new revenue-sharing deal with Hyperliquid.
Global
Who
JPMorgan, Circle, Coinbase, Hyperliquid
What
JPMorgan has reduced its earnings forecasts for Circle and Coinbase following a new revenue-sharing deal with Hyperliquid.
When
Tue, 14 Jul 2026 21:03:10 GMT · 54m ago
Where
Global ·
Why
The new Hyperliquid revenue-sharing deal raised concerns about the profitability and economics of USDC.
The Frontline Impact
How this affects you
JPMorgan's action indicates potential shifts in the profitability outlook for major stablecoin issuers and exchanges. This could influence investor sentiment and strategic decisions within the cryptocurrency market regarding stablecoin economics.
Story chain
3 events in this thread- Currently Reading54m agoJPMorgan has reduced its earnings forecasts for Circle and Coinbase following a new revenue-sharing deal with Hyperliquid.
- Markets54m agoJPMorgan reduced earnings forecasts for Circle and Coinbase due to a new revenue-sharing deal with Hyperliquid impacting USDC profitability.Open article
- Markets2h 23m agoJPMorgan 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
- HIGHBenzingahttps://www.benzinga.com/crypto/cryptocurrency/26/07/60455805/jpmorgan-says-coinbase-circle-are-in-a-prisoners-dilemma-over-hyperliquid-partnership
- HIGHCoinGapehttps://coingape.com/jpmorgan-cuts-circle-coinbase-earnings-forecasts-over-hyperliquid-usdc-deal/
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