Coinbase hit with 50% price target cut as post-earnings rout deepens

Crypto Insight Summary: Slowing trading activity and fallout from the Binance hack are clouding Coinbase’s revenue prospects, prompting Morgan Stanley to lower its rating on the stock. Crypto Insight Analysis: Direction: Bearish COIN Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Slower trading and hack fallout weaken Coinbase's revenue outlook, signaling soft crypto activity.