Ryan Rasmussen
@RasterlyRock
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In 2025… Bitcoin will hit $200,000, Coinbase will enter the S&P 500, stablecoin AUM will double, and more…. Here are 10 Crypto Predictions for 2025 by the team at @BitwiseInvest. 🧵👇.
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RT @Matt_Hougan: The probability of a 25bps rate cut in September just went from 37.7% to 81.9% according to the CME FedWatch tool (which i….
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RT @singularity7x: 2/ Implications for Crypto. Enhanced rate cut odds → positive for crypto risk appetite. - Crypto assets—particularly BTC….
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Net new ETH of issuance for the month of July: 0.07 million ETH . Net inflows into the ETH ETFs over the month: 1.6 million ETH….
Net new ETH issuance for the month of July: ~72,263 ETH. Net inflows into the ETH ETFs over the month: ~1.6 million ETH. The ETH ETFs bought 22x more ETH than was net issued by the network in the month of July. Accelerate!.
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The XRP surprise in Coinbase’s Q2 Earnings 👀.
@brian_armstrong Wow, XRP trading accounted for more of Coinbase's trading revenue this year than ETH trading. Last year XRP wasn't even broken out.
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@brian_armstrong Coinbase's stablecoin revenue is up 44% year-to-date vs. the same period last year, despite 100bps of rate cuts since then.
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@brian_armstrong Wow, XRP trading accounted for more of Coinbase's trading revenue this year than ETH trading. Last year XRP wasn't even broken out.
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@brian_armstrong Coinbase incurred $307 million of costs resulting from the May 2025 data theft incident
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@brian_armstrong Coinbase's crypto treasury:. 1. Bitcoin: 11,776 BTC or $1.3 billion.2. Ethereum: 136,782 ETH or $0.3 billion.3. Others: $0.2 billion
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Coinbase's $0.6 billion drop in cash was (in part) driven by purchases for its crypto asset investment portfolio. Throughout Q2 @brian_armstrong stated more than once that they're buying bitcoin, ethereum, and other crypto assets.
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Operating expenses jumped by $193M (+15%) driven by the data theft incident disclosed in May, with the firm citing $308 million of "other operating expenses" (typically high single or low double digits).
Coinbase Q2 2025 Earnings. - $1.5B Revenue (-26%).- 12% increase in Stablecoin Revenue.- 15% increase in OPEX.- $0.5B Adj. EBITDA (-45%).- $237B in Trading Volume.- $245B in Custody Assets.- 80% custody share of crypto ETFs.- $9.3B Cash Reserves (-6%)
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Coinbase's overview of its revenue agreement with Circle (USDC)
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Coinbase Q2 2025 Earnings. - $1.5B Revenue (-26%).- 12% increase in Stablecoin Revenue.- 15% increase in OPEX.- $0.5B Adj. EBITDA (-45%).- $237B in Trading Volume.- $245B in Custody Assets.- 80% custody share of crypto ETFs.- $9.3B Cash Reserves (-6%)
Wall Street expects Coinbase revenues to drop by 25% in Q2 with analysts forecasting declines in all categories except stablecoins.
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Wall Street expects Coinbase revenues to drop by 25% in Q2 with analysts forecasting declines in all categories except stablecoins.
Coinbase earnings today. What do you want to see?.
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Today’s Fed meeting was the first time in 30+ years that two governors voted against the committee. Last time this happened was in 1993, when Alan Greenspan was Fed Chair and Bill Clinton was president.
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Why in-kind creations and redemptions matter👇.
Sharing a few of the technical reasons why this is a bigger deal than you think. I get a lot of "what's the big deal here".
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RT @BitwiseInvest: This week, the 100th CIO Memo from @Matt_Hougan dropped. Here are some of the top columns and most prophetic takes over….
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In Q2’25, MARA…. — Grew revenue +64% vs. prior year (beat estimates).— Deployed 30K new miners.— Mined 2,358 BTC.— Grew BTC Treasury to ~50K BTC total (2nd largest).— Inked 2 strategic partnerships for next-gen AI infra.— Post-Q2 raised ~$1B for BTC purchases, M&A, etc.
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RT @teddyfuse: Tokenized stonks are going to disrupt Wall Street in ways that very few are prepared for.
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