In Q2 Earnings, MSTR Surges, and Coinbase Stumbles. But What's Next? - Ep. 879
Unchained2 Aug 2025

In Q2 Earnings, MSTR Surges, and Coinbase Stumbles. But What's Next? - Ep. 879

Strategy posted a record $10 billion in net income. Coinbase missed estimates and stock dropped. But analysts say both tell a deeper story about how crypto companies are adapting. It’s earnings season in crypto—and the stories couldn’t be more different. Strategy (formerly MicroStrategy) just posted $10 billion in net income, boosted by Bitcoin’s price and new fair value accounting rules. But can the company keep this up? Coinbase missed Q2 estimates, sending its stock down. Yet Owen Lau of Oppenheimer says the long-term setup may be more bullish than the market thinks. In this double interview, Unchained’s Steven Ehrlich sits down with: Lance Vitanza from TD Cowen to break down Strategy’s accounting shift, capital markets evolution, and whether its growing BTC pile presents systemic risks Owen Lau from Oppenheimer to unpack Coinbase’s earnings miss, how new bank partnerships may remake it as a TradFi infrastructure provider, and why Q3 may tell a different story Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com Thank you to our sponsors! Mantle FalconX Guests: Lance Vitanza, Lance Vitanza, Managing Director & Director of Equity Research at TD Cowen Owen Lau, Executive Director and Senior Analyst in the equity research department of Oppenheimer & Co Learn more about your ad choices. Visit megaphone.fm/adchoices

Episoder(1085)

DEX in the City: How Prediction Markets Pose a National Security Risk

DEX in the City: How Prediction Markets Pose a National Security Risk

The crew discusses whether prediction markets enable “Bloomberg terminal espionage,,” wonder how to regulate markets that could be on anything, dive into why the OCC is saying no to stablecoin yield a...

5 Mar 52min

The Chopping Block: Has Crypto Lost Its Soul? Cypherpunk Nostalgia, Prediction Markets, & Permissionless Perps

The Chopping Block: Has Crypto Lost Its Soul? Cypherpunk Nostalgia, Prediction Markets, & Permissionless Perps

Crypto’s vibe check time: Jez (izebel_eth) joins the crew to dissect whether idealism is RIP, if cypherpunks should abandon hope, how Memecoins and asset mayhem changed the game, why prediction market...

5 Mar 59min

Why Crypto Has a Good Long-Term Setup Right Now: Bits + Bips

Why Crypto Has a Good Long-Term Setup Right Now: Bits + Bips

A major war broke out in the Middle East, but Bitcoin didn’t break. One veteran investor says that price action reveals something important about where crypto stands today. --- Bits + Bips is spread...

4 Mar 56min

Bits + Bips: Is Crypto the Only Asset That Works When Geopolitics Breaks Down?

Bits + Bips: Is Crypto the Only Asset That Works When Geopolitics Breaks Down?

US and Israeli strikes killed Iran's Supreme Leader and initially rattled markets. But does the subsequent market calm reflect genuine resilience or a dangerous underpricing of what comes next? --- ...

4 Mar 58min

Bits + Bips: What Happens to Markets Now That the U.S. Has Struck Iran?

Bits + Bips: What Happens to Markets Now That the U.S. Has Struck Iran?

A former Clinton and Biden foreign policy advisor saw it before it happened. Now the question is what investors do next. Hours after this episode was recorded, the United States and Israel launched...

2 Mar 41min

Uneasy Money: Why the AI Singularity May Already Be Out of Our Hands

Uneasy Money: Why the AI Singularity May Already Be Out of Our Hands

MegaETH's Namik Muduroglu joins the Uneasy Money crew to discuss how the industry can fix token incentives, the continued escalation of the Aave civil war and more. Thank you to our sponsors! ⁠⁠...

28 Feb 1h 12min

Can Solana Edge Out Ethereum to Win the AI Agent & RWA Race?

Can Solana Edge Out Ethereum to Win the AI Agent & RWA Race?

Tushar Jain and Mike Ippolito make the bull case for Solana as competition heats up. Thank you to our sponsors! Fuse: The Energy Network – Shift your energy use and earn rewards. MultiChai...

27 Feb 1h 23min

DEX in the City: Why Everyone Is Overreacting About the Terra v. Jane Street Lawsuit

DEX in the City: Why Everyone Is Overreacting About the Terra v. Jane Street Lawsuit

Robinhood's Coy Garrison and Seong Seog Lee join the crew to unpack the Robinhood Chain launch strategy. Thank you to our sponsors!  ⁠MultiChain Advisors Robinhood's proposed chain for the tra...

27 Feb 58min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
aftenpodden-usa
forklart
popradet
stopp-verden
det-store-bildet
lydartikler-fra-aftenposten
rss-gukild-johaug
fotballpodden-2
dine-penger-pengeradet
nokon-ma-ga
rss-ness
i-retten
hanna-de-heldige
aftenbla-bla
frokostshowet-pa-p5
rss-dannet-uten-piano
rss-penger-polser-og-politikk
rss-utenrikskomiteen-med-bogen-og-grasvik