Trade
Basic
Futures
Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
Trade global traditional assets with USDT in one place
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
New
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
More
Trending Topics
View More18.44K Popularity
7.79K Popularity
3.36K Popularity
35.36K Popularity
250.09K Popularity
Pin
Armstrong’s Wealth Drops Over $10 Billion
According to the Bloomberg Billionaires Index, Armstrong’s net worth has decreased by over $10 billion since reaching a peak of $17.7 billion about seven months ago. The 43-year-old Coinbase founder’s current net worth is approximately $7.5 billion.
Recent developments also contributed to this decline. JPMorgan Chase & Co. revised its target price for Coinbase downward by 27% on Tuesday. The bank cited weak cryptocurrency asset prices, declining trading volumes, and a slowdown in stablecoin growth as reasons.
A large portion of Armstrong’s wealth comes from his approximately 14% stake in New York-based Coinbase Global Inc. The index data also reflect that Armstrong has occasionally sold shares. Additionally, he is a co-founder and investor in NewLimit, a biotech startup focused on longevity technologies.
Coinbase Shares Decline Alongside Bitcoin
Coinbase shares closely tracked Bitcoin’s price movements. The company’s stock has lost about 60% of its value since its peak on July 18. On Tuesday, an additional 2.8% decline was observed.
A similar pattern is seen with Bitcoin. The cryptocurrency has fallen approximately 50% since early October. The sharp fluctuations throughout the month have dampened investor appetite and shaken confidence in the market.
#BuyTheDipOrWaitNow?
#BTCMarketAnalysis
#WalshSaysToCautiouslyShrinkBalanceSheet