Coinbase Missed Again, Strategy Sells Bitcoin, and Is PayPal for Sale?

🎬 Coinbase Missed Again, Strategy Sells Bitcoin, and Is PayPal for Sale?
On this episode of CoinDesk's Public Keys from the New York Stock Exchange, Jennifer Sanasie is joined by Clear Street Managing Directors and Senior Analysts Owen Lau and Brian Dobson to break down a heavy week of earnings: Strategy's first quarter selling Bitcoin, Coinbase's third straight quarterly miss and Stripe and Advent's bid for PayPal.
Then, after a look at ETF flows and Morgan Stanley's launch of the market's cheapest spot Ethereum and Solana ETFs at 14 basis points.

➤ MicroStrategy reported a net loss due to Bitcoin accounting but maintains a positive outlook based on its capital allocation strategy and potential for incremental Bitcoin yield per share.
➤ Coinbase missed earnings for the third consecutive quarter, with low trading volumes being a primary concern, though prediction markets showed significant growth.
➤ The discussion also covered ETF flows, with Bitcoin ETFs experiencing outflows while Ethereum ETFs saw inflows, and Morgan Stanley launching the cheapest spot Ethereum and Solana ETFs.

#MicroStrategy #Coinbase #PayPal #Bitcoin ETF #Ethereum ETF #Solana ETF #Morgan Stanley #Clear Street #AI #Data Centers #Stripe #Advent

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Leaning Into AI Is Paying Off, Blackstone's Gray Says

🎬 Leaning Into AI Is Paying Off, Blackstone's Gray Says
Blackstone Inc. reported a 26% jump in distributable earnings for the second quarter, buoyed by artificial intelligence-related investments. Blackstone President & COO Jon Gray says the "strategic decision to lean into AI, its infrastructure and compute shortage" is making a big difference for investors. He speaks with Bloomberg's Dani Burger on Bloomberg Open Interest.
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➤ Blackstone reported a 26% increase in distributable earnings, attributing significant growth to strategic investments in AI infrastructure, including data centers and compute resources.
➤ CEO Jon Gray believes Blackstone is undervalued and should trade at higher multiples, similar to tech companies, due to its AI-driven growth and strong performance, despite operating with a diversified business model.
➤ The firm is actively expanding its AI-related investments through partnerships and acquisitions, while also managing traditional assets and seeing a bifurcation in market liquidity between AI-affected and unaffected businesses.

#Blackstone #AI #Data Centers #Private Equity #Investment

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