Morgan Stanley downgraded Coinbase stock rating, citing potential earnings impact from the Binance hack.

The entities involved

• Coinbase →

  American company that operates a cryptocurrency exchange platform

  • Coinbase and Andreessen Horowitz have been identified as backers of the Fairshake PAC.Wed 20:50
  • New Jersey dropped a staking order involving Coinbase on November 2, 2026.Wed 19:01
• Morgan Stanley →

  U.S. investment bank

  • Multiple financial firms issued rating and price target updates on November 4, 2026.01:04
  • Morgan Stanley provided analyst reports on Curtiss-Wright on May 27, 2026.00:33
• Binance →

  cryptocurrency exchange

  • Binance hack, US strikes on Iran, and trilateral talks in Abu Dhabi mark a volatile day of global events.Wed 22:30
  • A hack and theft at Binance caused market volatility, occurring alongside a shift in power to Democrats in the House of Representatives.Wed 19:54

Related events

• The Bank of Japan announced no surprise policy, while a Binance hack drove down rival crypto stocks, spreading market sentiment to Europe.Fri 09:34
• Binance offers lower fees and more assets.Jul 26
• Morgan Stanley reissued rating, TD Cowen upgraded, and Jefferies increased price objective for FirstEnergy amid SEC review.Aug 6
• A crypto market shock occurred on November 2, 2026, triggered by a Binance hack and influenced by MSCI's index removal list.Mon 20:20