JPMORGAN SLASHES COINBASE & CIRCLE EARNINGS ESTIMATES OVER HYPERLIQUID THREAT!
Banking giant JPMorgan has officially cut its earnings estimates for both Circle and Coinbase, citing intense pressure from Hyperliquid’s aggressive USDC revenue-sharing model.
The Deep Dive:
• The Hyperliquid Threat: The decentralized exchange's unique USDC revenue-sharing deal is actively eating into the profit margins of crypto giants Coinbase and Circle.
• Earnings Hit: JPMorgan warns that this shift in how USDC yield is distributed to users is directly impacting the primary revenue streams of centralized platforms.
• DeFi Dominance: This marks a massive milestone where a decentralized protocol (DeFi) is directly forcing Wall Street to downgrade major centralized crypto institutions (CeFi).
The DeFi ecosystem is no longer just competing—it's actively squeezing the biggest players in the industry.
#JPMorgan #Coinbase #Circle #Hyperliquid #DeFi #USDC #CryptoNews#binanaceSquare #writetoearn
Banking giant JPMorgan has officially cut its earnings estimates for both Circle and Coinbase, citing intense pressure from Hyperliquid’s aggressive USDC revenue-sharing model.
The Deep Dive:
• The Hyperliquid Threat: The decentralized exchange's unique USDC revenue-sharing deal is actively eating into the profit margins of crypto giants Coinbase and Circle.
• Earnings Hit: JPMorgan warns that this shift in how USDC yield is distributed to users is directly impacting the primary revenue streams of centralized platforms.
• DeFi Dominance: This marks a massive milestone where a decentralized protocol (DeFi) is directly forcing Wall Street to downgrade major centralized crypto institutions (CeFi).
The DeFi ecosystem is no longer just competing—it's actively squeezing the biggest players in the industry.
#JPMorgan #Coinbase #Circle #Hyperliquid #DeFi #USDC #CryptoNews#binanaceSquare #writetoearn