Coinbase Leads Crypto Stock Selloff Following $6.3B Binance Hack
Key Highlights: Shares of crypto infrastructure firms dropped sharply—including IREN sliding over 10% and Figure Technology Solutions dropping roughly 9%—following Binance confirming a historic $6.3 billion hack. Coinbase posted $719 million in Q3 net income, bolstered by $715 million in crypto investment gains, despite net revenue dropping 34% year-over-year. Strategy posted $19.53 billion in Q3 ...
