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Crypto Market Update: Coinbase Misses Q2 Revenue Target, Tariff Headwinds Grow

Here’s a quick recap of the crypto landscape for Friday (August 1) as of 9:00 a.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrencymarket news

​Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$114,797, down by 2.8 percent over the last 24 hours. Its highest valuation on Friday was US$118,696, while its lowest valuation was US$114,322.

Bitcoin price performance, August 1, 2025.

Chart via TradingView.

Bitcoin price performance, August 1, 2025.

Bitcoin’s price drop followed sweeping US tariffs, including a 35 percent levy on Canadian imports, which rattled risk assets broadly. In parallel, the Federal Reserve’s decision to maintain interest rates at 4.25 to 4.5 percent and stronger-than-expected inflation data dampened hopes of near-term rate cuts, adding downside pressure to Bitcoin.

Ethereum (ETH) was priced at US$3,595.75, down by 5.2 percent over the past 24 hours. Its lowest valuation on Friday was US$3,591.61, and its highest was US$3,809.48.

Altcoin price update

  • Solana (SOL) was priced at US$167.55, down by 5.4 percent over 24 hours. Its lowest valuation on Friday was US$165.43, and its highest was US$179.17.
  • XRP was trading for US$3.03, down by 2.2 percent in the past 24 hours. Its lowest valuation of the day was US$2.91, and its highest valuation was US$3.13.
  • Sui (SUI) is trading at US$3.52, down 6.7 percent over the past 24 hours. Its lowest valuation of the day was US$3.45, and its highest was US$3.81.
  • Cardano (ADA) was trading at US$0.7321, down by 4.1 percent over 24 hours. Its lowest valuation on Friday was US$0.7137, and its highest was US$0.7731.

​Today’s crypto news to know

Coinbase misses on revenue as trading volumes lag

Shares of Coinbase Global (NASDAQ:COIN) fell 12 percent in premarket trading on Friday (August 1) after the crypto exchange missed Wall Street expectations for second quarter revenue.

While the company’s revenue grew 3.3 percent year-on-year to US$1.5 billion, it fell short of the US$1.59 billion estimate and was down from US$2 billion in the previous quarter.

See also  <!DOCTYPE html><html lang="en"><head> <meta charset="UTF-8"> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <title>Exploring the Lucrative Opportunities in Mid-Tier Gold Mining</title></head><body><h2>The Rise of Mid-Tier Gold Miners</h2><p>As the current state of the gold market unfolds, mid-tier and junior miners have emerged as captivating prospects for investors seeking substantial returns. In the wake of the latest quarterly results, these smaller gold producers have showcased exceptional performance, underpinned by escalating production rates, reduced mining costs, and a buoyant gold price environment. The resultant profitability surge signals a promising future for mid-tier miners, poised to shed their undervalued status.</p><h2>Decoding Gold-Stock Tiers</h2><p>The realm of gold mining is stratified into distinct tiers based on annual production capacities, ranging from small juniors with modest outputs to huge super-majors operating on a colossal scale. The VanEck Junior Gold Miners ETF (NYSE:) stands out as a key player, predominantly housing mid-tier gold stocks despite its misleading nomenclature. The delineation between juniors and mid-tiers holds essential implications for investment strategies, with mid-tiers offering a blend of substantial production, growth potential, and market capitalization conducive to significant gains.</p><h2>The Performance Paradox</h2><p>The intrinsic leverage of gold stocks in relation to the underlying gold prices manifests as a double-edged sword for investors. Recent events have underscored this phenomenon, wherein the VanEck Junior Gold Miners ETF (NYSE:) exhibited a lackluster response to gold price fluctuations. While gold staged notable rallies, the ETF's performance lagged behind, failing to magnify the upswings in the precious metal market. This disconnect unveils the intricacies of investing in gold stocks, which demand superior performance to counterbalance inherent risks.</p><h2>Unveiling Q4 Performances</h2><p>Amidst the quarterly performance evaluations of the top 25 constituents of GDXJ, pivotal insights into mid-tier gold miners' operational and financial standings emerge. The analysis, chronicling production rates, cost dynamics, revenue streams, and earnings, showcases a remarkable Q4 showing characterized by production growth, cost efficiencies, and robust earnings. The synergy of these factors culminated in substantial profit escalations, cementing the appeal of mid-tiers and juniors in the gold mining sector.</p><h2>Fueling Growth Through Production</h2><p>Production escalation stands as the linchpin of success for gold miners, nurturing a virtuous cycle of growth by bolstering cash flows and profitability. The recent performance of the GDXJ-top-25 gold miners, heralding a seventh consecutive quarter of output growth, exemplifies this paradigm. With a collective production rise of 2.8% year-over-year in Q4'23, these mid-tiers outpaced their larger counterparts, signaling a robust trajectory of growth and resilience amidst market fluctuations.</p><h2>Setting the Stage for Success</h2><p>Amidst the shifting landscapes of gold mining, mid-tier miners like Equinox Gold (NYSE:) epitomize the industry's metamorphosis. Equipped with expansion plans to bolster their standing within the GDXJ ranks, these mid-tiers harness innovation and strategic acquisitions to propel growth and solidify their market presence. The narrative unfolding in the gold mining sector underscores the strategic allure of mid-tier and junior miners, poised to capitalize on the sector's burgeoning potential.</p></body></html><html> <head> <title>Insights into the Gold Mining Industry</title> </head> <body> Exploring the Golden Opportunities in the Mining Sector

Still, net income surged to US$1.43 billion, largely from unrealized gains on crypto holdings and investments.

Coinbase continues to diversify, and noted that it is testing traditional stock, FX and commodities trading. The company was recently added to the S&P 500 (INDEXSP:INX) in May.

Assetera expands access to tokenized securities with plug-and-play API

Austria-based trading platform Assetera has launched a MiFID-compliant API that lets crypto exchanges offer tokenized securities, including US treasuries and blue-chip stocks, without needing their own regulatory license.

The service currently provides over 60 financial instruments and handles all compliance responsibilities, including KYC and anti-money laundering checks. Assetera is targeting crypto platforms in the EU and European Economic Area, aiming to break the dominance of major players like Kraken and Gemini in tokenized assets.

The company said it is in discussions with several top 20 global crypto exchanges and anticipates 1 billion euros worth of trading volume during its first year.

Strategy’s US$10 billion profit fails to impress investors

Despite posting a US$10 billion profit for Q2, Strategy’s (NASDAQ:MSTR) share price dropped 1.4 percent in after-hours trading on Friday, highlighting investor concerns about the company’s future beyond Bitcoin.

Strategy, formerly focused on enterprise software, has increasingly transformed into a corporate Bitcoin treasury. The firm now holds over 628,000 BTC, which comprise over 3 percent of total supply and are valued at US$74 billion.

Michael Saylor’s pivot has inspired imitators like Japan’s Metaplanet (TSE:3350,OTCQX:MTPLF), which has converted hotel assets into crypto. Despite this week’s share price dip, Strategy’s next moves include raising US$4.2 billion through a new STRC offering to buy more Bitcoin.

Don’t forget to follow us @INN_Technology for real-time news updates!

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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