Public tests: High expectations of Hood, Custody Battle for Coinbase and the favorite metric of analysts

Public Keys is a weekly roundup of Decrypt That follows the most important listed crypto companies. This week: Robinhood and Mara Holdings were the only two crypto shares that ended the week in the Green; Coinbase gets competition for its custody Biz; And why GDP is not so interesting for asset managers.

Green shoots for Robinhood and Mara

Robinhood trading platform and Bitcoin Miner Mara Holdings managed to put an end to what another roller coaster has been for five days for markets higher than this time last week.

Robinhood, who acts under the Hood Ticker on the Nasdaq, changed owner for $ 42.75 two hours before the final bell, after he had won 5.8% since last Friday.

And this is the same week that Morgan Stanley has lowered the share, and refers to concern about the company of transactions -based income. The bank lowered its price target from $ 90 to $ 40.

So what is Are you in favor of Robinhood? It is probably not only thanks to the fact that President Donald Trump assured investors that it was a “great time to buy” just before he paused rates and stimulated markets for 90 days.

Wall Street analysts have marked Hood as a company that will experience some pain in the short term, because retail investors are probably the hardest affected by economic misery, but they are still optimistic about long-term potential.

And aside: it will take a while before Hood shares compete directly with Etoro as a Chill-Sweeps about all so-called IPOs in 2025. The rival, Etoro, says since the beginning of the year it wanted to become public. It plans to use Etor as a ticker, according to a SEC entering last week.

In the meantime, Mara, who also acts on the Nasdaq, rose 4.5% compared to last Friday and acted for $ 12.47 before the markets were closed.

Almost all crypto stocks were enriched when President Donald Trump placed a 90-day break before punishing rates. But Bitcoin Miner, based in Florida, is the only one who looks even better than a week ago.

The company reported an increase from 6% month to month in his Bitcoin production in March and captured 5.8% of the possible miners’ rewards that were paid during the period. But even more important: it estimates that it will be 40 Megawatt Ohio Data Center in a few weeks.

It is still a step in the direction of vertical integration that can help to lower operating costs – which is nowadays important for Bitcoin -my workers. The Bitcoin network difficulty has just experienced a big peak, which means that mining installations have to work harder to compete for each new block on the network, where each block pays around $ 260,000 to the Lucky Miner.

Coinbase receives guardianship competence

Earlier this week, BlackRock Anchorage Digital added as an extra custodian for his Ishares Bitcoin Trust and Ishares Ethereum Trust Spot ETFs. The fund trade on the Nasdaq under the ibit and Ethha tickers respectively.

It sounds like a big problem, right? The Ishares Crypto Funds are good for $ 45 billion in BTC and $ 1.7 billion in ETH.

But if Decrypt Reporter Andre Beganski discovered that the custody company of Coinbase is not exactly in the dough raking.

After the approval of Spot Bitcoin and Ethereum ETFs in 2024, Coinbase income doubled to $ 142 million from $ 70 million the year before, according to the most recent shareholders letter.

To put that in perspective, it is good for around 6% of the $ 2.3 billion in InvenscoinBase seen in Q4. The largest source of income from the company remains the almighty dollar or rather, the dollar of the circle, USDC Stablecoin. That is because Coinbase has a deal with Circle to evenly split the earned interest on the cash and kasequalents that support USDC Stablecoins.

BBP is old news

Does the US go in a recession? And if so, is GDP Real The best statistics to find out? Yes and no.

A lot of attention is paid to the upcoming gross domestic product report of the American trade department – but it is really driven by political circles. Every sitting president would like a large BDP number to point out, such as an A+ on a report card.

GDP has essentially built coupons for goods and services that have already been sold. It is a lagging indicator that, as coinshares head of research says James Butterfill, does not guarantee much emphasis when asset managers try to gauge the health of the economy.

And even if the GDP report does not show that the country has entered into a recession – Butterfill suspects that it will not do – there are currently many other disturbing indicators that flash red.

“Consumer confidence in particular has fallen sharply, the NFIB surveys in small companies show increasing tax and bankruptcy applications have increased 13% on annual bases Decrypt. “These challenges are likely to be exacerbated by the persistent unrest around the dispute of the liberation trade, although its impact will probably only be visible in Q2 data.”

But the purchasing managers index or PMI is a future -oriented indicator based on surveys. So what is that saying? The S&P Global PMI showed growth in March, but part of it was a strategic increase in production to be ahead of Trump’s TargeptiRade.

S&P also discovered that, under the investigated, business confidence “everywhere” has deteriorated almost everywhere “. Besides Russia!

Other Keys

• Profit, where? Strategy has informed investors that it has taken a hit of $ 6 billion on the Bitcoin who bought it in Q1. Keep in mind that MSST bought Bitcoin four times in January. Three of those four purchases were when BTC was still higher than $ 100,000. That means that the Q1 win that may have reported it during the coming income are in danger.
• A slap of $ 40 million on the wrist: Block, Inc. Paid $ 40 million to arrange a lawsuit in New York Department of Financial Services on “significant failures” with its anti-money laundering program. However, we would not say that shareholders are overjoyed. The company, which acts on the New York Stock Exchange under the XYZ Ticker, still ends the week trade for $ 53.75, about 1.9% lower than last Friday.
• Sit firm: The Bakkt Class Action right case, which claims that the company did not sufficiently warn investors how dependent it was on his crypto-services company for income, has its pre-trial hearing only in August.