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The Block (@TheBlockCo): THE BLOCK: Wall Street's early read on Coinbase's Q2 is divided. $COIN

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THE BLOCK: Wall Street's early read on Coinbase's Q2 is divided. $COIN JPMorgan cut its price target to $148, citing a tough crypto backdrop and limited P&L contribution from newer products, while Mizuho warned Robinhood is emerging as the alternative for mainstream crypto spot traders.

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