[…] Coinbase revenue for the quarter reached $2.03 billion, down 10% from the prior quarter but ahead of consensus expectations. Adjusted EBITDA came in at $930 million, while net income fell sharply to $66 million, impacted by a $597 million pretax loss on its crypto investment portfolio. CEO Brian Armstrong: “We are excited about progress on stablecoin [regulations] There will be another vote next week,” Armstrong said. “With greater regulatory clarity, we believe crypto rails will update financial infrastructure around the world.”Coinbase also won a courtroom victory with the dismissal, with prejudice, of the SEC’s lawsuit alleging unregistered securities offerings. The company was among the few crypto firms invited to the first-ever White House-hosted crypto summit. Read full article […]