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The Polylog Crypto Intelligence Brief

Morning Edition · Friday, July 31, 2026Published at 1:29 AM EDT · New York

Coinbase Falls After Posting a Second-Quarter Loss and Lower Revenue

The exchange reported $1.22 billion in revenue, down from $1.5 billion a year earlier, even as it cited record market share and growth in stablecoins and derivatives.

Coinbase Falls After Posting a Second-Quarter Loss and Lower Revenue

Coinbase shares fell after the exchange missed second-quarter revenue estimates, reporting $1.22 billion in overall revenue, down from $1.5 billion in the same period a year earlier. The company posted a loss of $1.36 per share, a return to…

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Regulated Perps Move Onshore in the US

High-volume crypto derivatives keep migrating from offshore venues into regulated US markets, with crypto-native firms moving first and banks entering only once liquidity deepens.