📉 JPMorgan Cuts Circle & Coinbase Forecasts



JPMorgan has lowered its earnings forecasts for Circle and Coinbase, citing concerns over the new Hyperliquid-USDC revenue-sharing agreement.

The bank believes increased competition to expand USDC adoption could pressure profit margins, although several Wall Street firms remain bullish on the companies’ long-term outlook.
CRCL3.87%
COIN3.53%
HYPE2.04%
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