Coinbase downgraded at Morgan Stanely; price target slashed 53% on weak earnings outlook

Crypto Insight Summary: Analyst Michael Cyprys cited weak crypto trading activity and doubts about an earnings recovery. Crypto Insight Analysis: Direction: Bearish COIN Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Weak trading activity and delayed earnings recovery pressure Coinbase, but have limited broad crypto impact.