US financial stocks dipped Friday after headlines about Coinbase and JPMorgan surfaced, even as bitcoin held near $88,000 and the 10-year Treasury yield hovered around 4.14%. The developments underscore how regulatory headlines, rather than macro data, are currently driving sentiment in the crypto-linked sector. Coinbase fell after its CEO said a former customer service agent was arrested in India in a probe tied to alleged misuse of customer data. JPMorgan also slid after a report said it froze accounts for stablecoin startups Blindpay and Kontigo over legal-risk concerns.
Coinbase Data Probe and JPMorgan Stablecoin Scrutiny Weigh on US Financial Stocks
Regulatory headlines surrounding Coinbase and JPMorgan weigh on market sentiment as crypto-linked stocks slip even with bitcoin near $88k and yields steady.
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