Crypto Stocks Fall Friday as Coinbase Global and Robinhood Drop After U.S. Digital-Asset Legislation Progress Fades

Crypto-linked stocks fell Friday as investors pulled back after an initial rally tied to progress on U.S. digital-asset legislation faded, with Coinbase Global (COIN) down 7,6 % and Robinhood Markets (HOOD) down about 3,8 %.

“Robinhood expanded its crypto ambitions by introducing AI-powered crypto trading agents for eligible U”

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TradingView’s coverage said Strategy (formerly MicroStrategy) fell about 6 % after a strong rise the prior day, while the Bitcoin price slid nearly 3 % over 24 hours to around $79,000 and Ethereum dropped about 3 % to near $2,200.

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The same report tied Thursday’s stock gains to optimism that Washington was getting closer to a clearer regulatory framework, after a key part of the Digital Asset Market Clarity Act advanced in the Senate Banking Committee.

TradingView also said the Clarity Act progressed after lawmakers reached a compromise on interest payments tied to stablecoins, with an agreement that “interdit les rendements sur les dépôts inactifs en stablecoins” while allowing “rewards” linked to use of dollar-indexed digital currencies.

In a separate market-focused account, Boursorama said Robinhood shares plunged 11 % Wednesday as crypto volatility hurt growth in first-quarter transaction volume, leading the platform to miss profit and revenue estimates.

TradingView reported that analyst Mark Palmer of Benchmark Equity Research wrote that “Plusieurs points en suspens demeurent non résolus,” highlighting disagreements over proposals that would bar President Donald Trump and his family from profiting from crypto-related businesses.

The same TradingView account said Coinbase was hit by renewed scrutiny of its financial performance, including a net loss of about $394 million in the first quarter and a 22,1 % decline in profit margins to 12,7 %.

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Boursorama said Robinhood’s crypto-related revenue rose modestly overall in the quarter for trading-linked activity, but its crypto revenue fell to $134 million, down 47 % from the year before.

Boursorama also quoted analysts at Raymond James saying, “Les volumes de trading ont été plus irréguliers, avec des signes d'épuisement chez les investisseurs particuliers,” and added that revenues showed a downward trend in options and crypto.

TradingView framed the broader backdrop as a mix of profit-taking after Thursday’s rally and renewed investor caution tied to “les tensions géopolitiques au Moyen-Orient” and persistent crypto price volatility.

While prices and crypto-linked equities wobbled, multiple outlets described Robinhood moving deeper into automated crypto trading by letting eligible U.S. customers connect third-party AI agents to execute trades on their behalf.

CryptoRank said Robinhood would let eligible U.S. customers connect AI agents to dedicated crypto trading accounts with “real-time P&L tracking and push notifications,” after the company launched Agentic Trading for equities on May 27 and announced crypto support on July 10, 2026.

Crypto News | Other reported that Robinhood’s plan would allow users to authorize AI agents to manage trades within user-defined limits, with the company not announcing a launch date for the crypto version and saying UK customers would receive access after the U.S. rollout.

Crypto News | Other also tied the push to Robinhood’s broader blockchain direction, naming Johann Kerbrat and saying the network processed 17 million transactions from nearly 350,000 wallet addresses during its first week after launching on July 1.

In parallel, TradingView described how the market’s sensitivity to Bitcoin price and trading activity remained central, noting that Coinbase said total crypto market capitalization and trading volumes had decreased by more than 20 % quarter over quarter, making it “très sensible” to Bitcoin moves and trading activity.