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The Marked Chart Wire · Crypto
Coinbase
Morgan Stanley lowered its price target for Coinbase by 50 percent. The firm cited declining trading volumes and the impact of the Binance hack on revenue outlooks.
Prices from Based on Mon, Nov 2 close · Opens Tue 9:30 AM ET. Each tile opens the stock's chart and news.
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Coinbase
Morgan Stanley downgraded Coinbase Global to underweight and lowered its price target to $120.
Aave
Aave traded near $140 at 12:59 AM New York time, up 8.3% from $129 a day earlier. US-listed stocks that often move with it include COIN and HOOD.
Aave
Aave traded near $135 at 9:39 AM New York time, up 8.8% from $124 a day earlier. US-listed stocks that often move with it include COIN and HOOD.
HotBinance Hack
North Korean actors are reportedly using automated systems to launder $2.85 billion stolen from Binance across 12,000 wallets. This recovery rate contrasts with the 3 percent seized in the Bybit hack.
Tokenized Stocks
Nvidia, Nike, and Costco have objected to the trading of their shares on a planned tokenized stock venue operated by OKX and ICE. The move brings the total number of companies filing objections to 50.
Crypto Security
Mercado Bitcoin admitted to a breach on November 2 that exposed more than $40 million. A separate $106 million theft from an unnamed European firm was reported on November 1.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.