Coinbase Marks A $1B Loss | Weekly Round Up

Blockworks Macro
87.5K subscribers

In this week's episode, Mark and I cover this week's CPI print, the state of macro, Coinbase’s earnings miss, and a historical US ban on an Ethereum privacy protocol.

We start with a discussion on the lower-than-expected CPI print, deglobalization and ask if the Fed still thinks they can provide a soft landing.

We then dive into Coinbase’s Q2 earnings and $1B reported loss. Can Coinbase establish a sustainable business model? The numbers don’t look great, but there’s reason to believe they can turn the ship around.

Finally, we discuss the US Treasury's Tornado Cash ban and the secondary effects across DeFi.

Tune in for these stories and more!
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