Grewal Paul sold $32K of COIN

Coinbase (Nasdaq: COIN) closed around $148 on Aug. 7, 2026, near the bottom of its 52-week range, as a crypto downturn weighed on its revenue outlook. A Michigan federal judge rejected Coinbase’s bid to block state enforcement of planned sports event contracts tied to Kalshi, a setback for its prediction-market plans. Coinbase’s results track crypto prices and volumes.

Coinbase (COIN) shares rose nearly 10% to above $222, a three-month high, as the Senate Banking Committee advanced the Digital Asset Market CLARITY Act of 2025 by a 15-9 vote. The bill now goes to a full Senate vote, coinciding with a broader crypto rally, including Bitcoin above $82,000 and gains in HOOD, CRCL, ETH, and XRP.

Grayscale filed an amended SEC application for its proposed HYPE Hyperliquid ETF, replacing Coinbase Custody Trust Company as custodian with Anchorage Digital Bank. The filing keeps BNY Mellon as transfer agent and would trade on Nasdaq as GHYP if approved. Coinbase custody underpins most U.S. spot Bitcoin ETFs. Tether invested $100M in Anchorage in February.

A July 30, 2026 SDNY ruling by Judge Paul Engelmayer in Underwood v. Coinbase Global partially granted summary judgment in a putative class action. The court found Coinbase not a statutory seller for “matched” trades, about 99.97% of volume, but held it was a statutory seller for “inventory” trades, about 0.03%. Claims tied to matched trades were dismissed; inventory claims proceeded.

Freedom Broker cut its Coinbase Global (COIN) price target to $185 from $225 and kept a Buy rating after Coinbase’s Q2 results. Coinbase reported diluted GAAP EPS of -$1.36 (vs -$0.44 expected) and adjusted EPS of -$0.40 (vs +$0.12). Revenue was $1.22B, down 14% sequentially and below $1.29B Street estimates. Q3 guidance and run-rates also missed expectations.

Better Home & Finance and Coinbase said they will let borrowers pledge bitcoin or USDC to obtain two loans: a conforming first-lien mortgage under Fannie Mae guidelines plus a second, token-collateralized loan for the down payment. Fannie Mae will accept crypto-backed mortgages, with the first deal closing in June. Better reported Q1 funding of $1.64B loans, $47.5M revenue, and about a $70M loss.