CRYPTO

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

CoinDeskMonday, November 2, 2026 at 2:29 PM

RedScroll Brief

Coinbase downgraded at Morgan Stanely; price target slashed 53% on weak earnings outlook — Image via CoinDesk

Analyst Michael Cyprys cited weak crypto trading activity and doubts about an earnings recovery.

RedScroll Signal

Impact: High
Category: Crypto
Market relevance: High
Why it matters: Crypto moves are a live stress test of liquidity, regulation, and narrative risk. Analyst Michael Cyprys cited weak crypto trading activity and doubts about an earnings recovery. Watch liquidity and volatility around Coinbase and Morgan Stanely — crypto markets reprice narrative risk quickly.

Read original source → COINDESK Edition 2026-11-02

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RedScroll Briefing

Extractive editorial brief — not a reprint of the original

What happened

Analyst Michael Cyprys cited weak crypto trading activity and doubts about an earnings recovery.

Why it matters

Crypto moves are a live stress test of liquidity, regulation, and narrative risk.

Background

CoinDesk reported on this under crypto. RedScroll surfaces the signal with an extractive brief — not a reprint of the original article. Read the source for full reporting.

Timeline

Mon, Nov 2, 2026, 2:29 PM UTC
CoinDesk published: Coinbase downgraded at Morgan Stanely; price target slashed 53% on weak earnings outlook
Now
Story is in today’s RedScroll edition. Follow the original source for updates.

Economic impact

Watch liquidity and volatility around Coinbase and Morgan Stanely — crypto markets reprice narrative risk quickly.

More on

Crypto

Source

CoinDesk

Original reporting by CoinDesk. RedScroll provides an extractive briefing only.