To The Moon

Digital asset technology company Marathon Digital Holdings said it produced 1,176 bitcoin in July, a 20% increase from last month and a 1,527% increase from July of last year. The company added that it increased its operational hash rate by 6% to 18.8 EH/s and upped its installed hash rate by 5% to 22.8 EH/s in July. Furthermore, in July about 6,100 of Marathon’s Bitcoin miners were energized at Applied Digital’s facilities in Ellendale, North Dakota, increasing the operating fleet to about 156,600 Bitcoin miners. The company’s average fleet efficiency, based on manufacturers’ specifications, improved from 27.3 J/TH last month to 25.3 J/TH as of August 1. Source: Press Release

Hello. I'm Joe Wallace, here to bring you up to speed on Jobs Friday.Stock futures are drifting up, putting the S&P 500 on course to change direction after three days of losses, helped by a rise in Amazon shares premarket.The monthly U.S. jobs report, out at 8:30 a.m. ET, is expected to show the labor market cooled further in July. The consensus: The economy added 200,000 jobs, and the unemployment rate held at 3.6%. Follow our live coverage throughout the day to keep track of the jobs numbers and the market reaction.Meanwhile, Charley Grant reports on the seasonal challenge that awaits the stock market.Live Markets Snapshot Data refreshes every time you open this email. Stocks to Watch. DraftKings : The sports-betting company's stock rose 15% premarket after it posted a narrower loss in the second quarter.Stocks have risen sharply after last year's selloff, defying any number of risks along the way. The S&P 500 is up 17% so far this year, including a 3.1% increase in July that refle

Ratings actions from Benzinga: https://www.benzinga.com/quote/COIN/analyst-ratings (END) Dow Jones Newswires August 04, 2023 05:06 ET (09:06 GMT)

Coinbase Vs SEC Hearing Today: Crypto Exchange Appeals for Lawsuit Dismissal

Coinbase Global Inc., the largest US cryptocurrency exchange, said its second-quarter loss narrowed and revenue exceeded estimates.The net loss for the little more than a decade-old-firm narrowed to $

JMP Securities analyst Devin Ryan reiterated a Buy rating on Coinbase Global (COIN – Research Report) today and set a price target of $107.00. The ...

Coinbase Posts Strong Q2 Results Amid SEC Lawsuit Withdrawal

Berenberg: Coinbase stock is “uninvestable in the near term”CEO Armstrong is pursuing expansion abroad to boost growthAnalysts don’t quite know what to make of Coinbase Global Inc.’s valuation.The sto

As Coinbase Global Inc. awaits its own regulatory fate, Wall Street has been scanning other cryptocurrency-related legal battles for signs of what's to come.Coinbase shares $(COIN)$ have been on a tea