Coinbase Tumbles 11% as Record Binance Hack Hits Crypto and Trading Revenue Slides; Strategy Sinks 12%, Robinhood Plunges 10%, Circle Drops 9%

Crypto stocks slump as Coinbase drops 12.5% after Binance hack

Crypto stocks have fallen as much as 12.54% in Oct. 30 trading, with Coinbase leading the losses following its quarterly earnings release and Binance’s $6.3 billion security breach. Market data at around 11:25 a.m. EDT on Oct. 30 showed losses…

Coinbase Tumbles 11% as Record Binance Hack Hits Crypto and Trading Revenue Slides; Strategy Sinks 12%, Robinhood Plunges 10%, Circle Drops 9%

A record-breaking heist at Binance sent shockwaves through crypto markets overnight, and Coinbase's latest earnings report gave investors little shelter from the storm. How these two blows land together could determine whether crypto stocks find a floor or keep sliding.

Coinbase, Bitcoin Giant Strategy Fall as Binance Hack Rocks Crypto Stocks

Crypto-linked stocks plunged Friday as a multibillion-dollar Binance security breach collided with a broader technology selloff driven by concerns over AI spending. Coinbase dropped more than 12% and Strategy fell 6%, even after both companies reported quarterly profits on Thursday night. Binance Hack Adds a Crypto-Specific Shock Crypto stocks are being hit from both sides. […]

Strategy Shares Slide as Binance Breach Compounds Revenue Miss and CFO Exit

Strategy Inc. absorbed a 7.1% decline in its share price, with the drop stemming from a sector-wide crypto selloff rather than the company’s own quarterly report alone. The trigger came from outside the firm: a security breach at Binance, reported by Reuters and disclosed yesterday, that sent Bitcoin and other digital tokens lower. The estimated […]

Coinbase and Strategy Sink After Binance Breach

Coinbase and Strategy fell sharply in early Oct. 30 trading after Binance disclosed a breach, underperforming Bitcoin and the S&P 500.

Crypto-Linked Stocks Fall at U.S. Open as Coinbase Drops 12.46%

Strategy and American Bitcoin each fell more than 11%, while every named crypto-linked stock lost at least 7%.