Crypto Biz: Coinbase downgraded, 3AC deemed insolvent and Michael Saylor buys the dip
Cointelegraph
Published Jul 01, 2022 05:30PM ET
Updated Jul 03, 2022 07:40PM ET
Coinbase (NASDAQ:COIN) has long been considered an important bellwether of the cryptocurrency market. Last year, when the company was expanding its workforce, adding institutional clients and issuing stock, crypto prices were hitting record highs. Now, in the depths of crypto winter, Coinbase finds itself slashing a fifth of its workforce, losing retail trading volume and contending with downgrades of its credit and stock.
This week’s Crypto Biz dissects Goldman Sachs’ latest downgrade of Coinbase and also looks at the latest developments surrounding Three Arrows Capital.
h3 Goldman Sachs (NYSE:GS) downgrades Coinbase stock to ‘sell’/h3 h3 21Shares responds to bear market with crypto winter ETP/h3 h3 British Virgin Islands court reportedly orders to liquidate 3AC/h3 h3 MicroStrategy scoops up 480 Bitcoin amid market slump/h3 h3 Don’t miss Where is Bitcoin headed next?/h3Continue Reading on Coin Telegraph
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Written By: Cointelegraph
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