Coinbase Venture Funding Down 34% In Q2 2022
Crypto venture funding, which saw a record Q1 in 2022, witnessed the deal pace of Coinbase Ventures slow down in the second quarter, with the total count decreasing 34%, from 71 to 47.
Morgan Stanley Downgrades Compass to Equal-Weight, Lowers Price Target to $5
Morgan Stanley analyst Brian Nowak downgrades Compass (NYSE:COMP) from Overweight to Equal-Weight and lowers the price target from $7 to $5.
Bankrupt Crypto Lender Celsius Has $1.2B Hole In Balance Sheet, Owes Creditors $5.5B
A recent court filing revealed a $1.2 billion hole within the balance sheet of crypto lender Celsius (CRYPTO: CEL).
What Happened: Celsius has had an extremely tumultuous few months, facing large-scale illiquidity and having had to freeze cryptocurrency withdrawals from its platform.
Bitcoin Holds Above $20,000, Here’s The Top Crypto Movers For Friday
Bitcoin (CRYPTO: BTC), the world’s largest cryptocurrency, breached the important $20,000 resistance level and surged past $20,600 on Friday.
Hot Stocks: CNBC ‘Fast Money’ Final Trades
CNBC’s "Fast Money: Halftime Report" delivers market-moving news to investors.
Labor Market Is Tight Yet Layoffs Surge As Tesla, Coinbase, Netflix And Others Cut Staff
The recent unemployment claims numbers confirm the Federal Reserve's assertion that the labor market is tight. However, layoffs are intensifying, particularly in the tech and cryptocurrency sectors.
Oppenheimer Maintains Outperform on Compass, Lowers Price Target to $9
Oppenheimer analyst Jason Helfstein maintains Compass (NYSE:COMP) with a Outperform and lowers the price target from $14 to $9.
110 Biggest Movers From Friday
Gainers
ShiftPixy, Inc. (NASDAQ: PIXY) shares jumped 154.9% to close at $0.51. ShiftPixy reported board approval special dividend to shareholders in form of common shares of Industrial Human Capital.
Where Compass Stands With Analysts
Analysts have provided the following ratings for Compass (NYSE:COMP) within the last quarter:
Needham Maintains Buy on Compass, Lowers Price Target to $7
Needham analyst Mayank Tandon maintains Compass (NYSE:COMP) with a Buy and lowers the price target from $13 to $7.