Trump has vowed to impose sweeping tariffs on Mexico and other trading partners.

Solana has a reputation as a memecoin hub, but financial institutions are looking to build on the network.

The company requires financing conditions to remain agreeable, and there needs to be continued investor demand for the firm’s convertible debt, the report said.

The firm’s IMX token is down over 13% at $1.16 following the announcement.

The Binance founder and former CEO received an ovation at a standing-room only appearance in Dubai.

The company missed consensus revenue expectations, analysts said.

The U.S. presidential election is an important short-term catalyst for Coinbase and the wider industry, and could lead to more regulatory clarity, analysts said.