During Wall Street's earnings season, discussions surrounding public crypto companies took center stage, particularly with Coinbase's positive earnings call, where CEO Brian Armstrong highlighted the need for regulatory clarity to stimulate capital inflow. Coinbase reported $1.2 billion in revenue, slightly below expectations but nearly double the previous year's figure. Notably, total trading volume decreased by 18% quarter-over-quarter, emphasizing the need for market recovery. In a related note, Reddit disclosed in its SEC filing that it sold the majority of its crypto portfolio, primarily bitcoin and ether, amounting to approximately $6.8 million. Previous disclosures indicated Reddit had invested in these cryptocurrencies and held minor amounts of MATIC. This sheds light on Reddit's strategic retreat from crypto holdings, while Coinbase's performance reflects potential opportunities in the upcoming quarter.

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