{"id":39066,"date":"2022-12-24T03:53:03","date_gmt":"2022-12-24T03:53:03","guid":{"rendered":"http:\/\/egrowonline.com\/?p=39066"},"modified":"2022-12-24T03:53:03","modified_gmt":"2022-12-24T03:53:03","slug":"meme-token-dogecoin-edges-past-coinbase-its-been-that-kind-of-year-in-crypto","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=39066","title":{"rendered":"Meme Token Dogecoin Edges Past Coinbase. It\u2019s Been That Kind of Year in Crypto."},"content":{"rendered":"


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\n Coinbase Global
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\n went public in 2021, with a debut valuation of a snappy $85 billion. This year hasn\u2019t been exactly bountiful for the U.S.-based online crypto broker, with rising interest rates hitting risk assets\u2014in its case, anything crypto\u2014and the collapse of crypto pillars like FTX, Terra, BlockFi, and Celsius. Coinbase shares are now down some 86% on the year, hitting a new low Monday, and leaving the company with a market capitalization of $8.1 billion, CoinMarketCap data show.<\/p>\n

Other red flags are flying. Coinbase bonds that mature in 2026 hit distressed levels this past week, with yields of 20% while trading at 50 cents on the dollar. <\/p>\n<\/p><\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Coinbase Global went public in 2021, with a debut valuation of a snappy $85 billion. This year hasn\u2019t been exactly bountiful for the U.S.-based online crypto broker, with rising interest rates hitting risk assets\u2014in its case, anything crypto\u2014and the collapse of crypto pillars like FTX, Terra, BlockFi, and Celsius. Coinbase shares are now down some […]<\/p>\n","protected":false},"author":1,"featured_media":39067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[315,62,85,1852,4453,1175,452,547],"class_list":["post-39066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-coinbase","tag-crypto","tag-dogecoin","tag-edges","tag-kind","tag-meme","tag-token","tag-year"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/12\/1671853980_social.jpeg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/39066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39066"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/39066\/revisions"}],"predecessor-version":[{"id":39068,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/39066\/revisions\/39068"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/39067"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39066"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}