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Coinbase loses half its value in a week as crypto slumps


Coinbase
Treasury
the White House
the Senate Banking Committee
Terra
the Federal Reserve


Patrick O’Shaughnessy
Raymond James
Janet Yellen
Stablecoins
Joe Biden

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Md.
Cryptocurrency

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The New York Times
SOURCE: https://abcnews.go.com/Business/wireStory/coinbase-loses-half-week-crypto-slumps-84651436
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Summary

-- Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one-day drop ever on Wednesday as the famously volatile crypto market weathers yet another slump.Coinbase reported a $430 million net loss in the first quarter, or $1.98 per share, on declining sales and active users.

As said here by MATT OTT AP Business Writer