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Home Blog Page 8599

Coinbase Downgraded to Perform, Shares Plunge 14 percent

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Oppenheimer has lowered its rating on Coinbase Global, Inc. (NASDAQ:COIN) from Outperform to Perform because of recent events. These developments consist of the SEC’s Wells Notice and the Economic Report of the President’s unfavorable assessment of the digital asset sector. As a result, the company’s shares dropped more than 14% yesterday.
The analysts expressed concerns about blockchain development in the US after the failure of three banks and these actions from authorities suggest their negative attitude towards the industry. Despite their support for digital asset development in the US, the analysts are concerned about the fairness of enforcement actions and the limited support from the US banking system in the current regulatory climate.
Coinbase has not received clear information from the SEC regarding which products are being targeted and on what grounds. They believe it may be related to spot market, staking/Earn, Prime, and Wallet. Coinbase has met with the SEC over 30 times in the past nine months, but has not received any feedback on how to register or what changes to make.

Notre Dame names Micah Shrewsberry as head coach


Notre Dame announced Micah Shrewsberry as its 18th head coach of the men’s basketball program on Friday.

Terms of the deal were not disclosed by the school for the former Penn State coach, however multiple outlets reported it was a seven-year contract. It also returns Shrewsberry to the state of Indiana, where he starred in high school and college and where he has spent the majority of his coaching career as an assistant or head coach.

“I’m very excited to be joining the University of Notre Dame family,” Shrewsberry said. “The combination of top-notch academics, plus a long storied history of success on the basketball court, made this a very attractive job for me. The power of the Notre Dame brand, and the passionate alumni family, will allow us to recruit the brightest student-athletes from coast to coast.

“I can’t wait to get to campus and begin connecting with the students, faculty and staff which make this place special.”

Shrewsberry, 46, guided the Nittany Lions to a 23-14 record overall and 10-10 mark in the Big Ten. Penn State secured a 2023 NCAA Tournament appearance and recorded a memorable opening-round upset win against Texas A&M.

“We are so excited to have Coach (Shrewsberry) join the Notre Dame family,” athletic director Jack Swarbrick said. “Throughout this process, it reaffirmed for me that this job was among the best in the country as we had many great candidates express interest.

“During our two-month process, we weekly reviewed our candidate pool and each week he (Micah) stayed at the top of our list due to his fit at the University and his commitment to the student-athlete experience. Not only do his personal & family values align with the University, but his dedication to the development of each member of his program as well.”

Shrewsberry coached at Wabash (1999-2000), DePauw (2001-03), IU South Bend (head coach, 2005-07), Butler (2007-11) and Purdue (2011-13, 2019-21) in addition to a stint in the NBA with the Boston Celtics (2013-19) before taking over the Penn State program in 2021.

Overall, Shrewsberry went 37-31 in two seasons with the Nittany Lions.

He moves to South Bend to take over for Mike Brey, who departed the Fighting Irish after 23 seasons as the program’s all-time winningest coach (483-280).

–Field Level Media

NCAA Tournament roundup: OT win sends K-State to Elite Eight


Fighting through a second-half ankle injury, Markquis Nowell put up 20 points and an NCAA Tournament-record 19 assists to lead third-seeded Kansas State to a 98-93 overtime victory over seventh-seeded Michigan State on Thursday in an East Region semifinal.

Nowell fed Keyontae Johnson (22 points) an alley-oop pass, and Johnson’s two-handed reverse slam pushed the Wildcats ahead 94-92 with 52 seconds left in overtime. Malik Hall got to the line for the Spartans and missed the second of two foul shots.

On a baseline out-of-bounds play, Nowell hit Ismael Massoud for a corner jumper with 17 seconds left. On the Spartans’ last play, Nowell slapped the ball away from Tyson Walker and added a triumphant layup at the buzzer.

The Wildcats are headed to their third Elite Eight since 2010. They are one win away from reaching their first Final Four since 1964 and the fifth in program history. A.J. Hoggard scored 18 of his game-high 25 points after halftime to lead Michigan State (21-13). Joey Hauser posted 18 points and Walker had 16.

No. 9 Florida Atlantic 62, No. 4 Tennessee 55

Michael Forrest powered an 18-2 stretch in the middle of the second half and the ninth-seeded Owls took down the fourth-seeded Volunteers.

Underdog FAU, in just its second NCAA Tournament in program history, will face third-seeded Kansas State on Saturday at Madison Square Garden for the right to go to the Final Four.

Johnell Davis led all scorers with 15 points for the Owls, making 9 of 10 at the foul line and adding six rebounds. Forrest put up eight of his 11 points during the run that turned the tide in the Owls’ favor. Jonas Aidoo produced 10 points and seven rebounds for Tennessee.

WEST REGION

No. 3 Gonzaga 79, No. 2 UCLA 76

Drew Timme recorded 36 points and 13 rebounds and Julian Strawther buried a long go-ahead 3-pointer with 7.2 seconds left as the Bulldogs beat the Bruins in a West Region semifinal in Las Vegas.

Strawther had 16 points and 10 rebounds and Malachi Smith scored 14 points as the Bulldogs overcame a 13-point halftime deficit to reach the Elite Eight for the fifth time in the past eight NCAA Tournaments. Gonzaga has won 12 straight games entering a Saturday clash with fourth-seeded UConn (28-8) in the regional final with a Final Four berth on the line.

Jaime Jaquez Jr. registered 29 points, 11 rebounds and three steals for the second-seeded Bruins, who lost for just the second time in the past 16 games. Bailey had 19 points and Tyger Campbell added 14 points and nine assists.

No. 4 UConn 88, No. 8 Arkansas 65

Jordan Hawkins poured in 24 points and UConn won the first NCAA Tournament game ever played in Las Vegas, advancing to the Elite Eight.

Adama Sanogo recorded 18 points and eight rebounds for UConn, which is making its deepest NCAA Tournament run since winning the national title in 2014. Alex Karaban had 11 points and seven rebounds as the Huskies led by as many as 29 points and won for the 12th time in their last 14 games.

Anthony Black recorded 20 points and five steals and Ricky Council IV tallied 17 points for eighth-seeded Arkansas, which was looking to reach the Elite Eight for the third straight year.

–Field Level Media

No. 3 Zags earn dramatic Sweet 16 win over No. 2 UCLA


Drew Timme put on a performance for the ages with 36 points and 13 rebounds and Julian Strawther buried a long go-ahead 3-pointer with 7.2 seconds left as Gonzaga recorded a 79-76 victory over UCLA on Thursday in an NCAA Tournament West Region semifinal at Las Vegas.

Strawther had 16 points and 10 rebounds and Malachi Smith scored 14 points as the third-seeded Bulldogs (31-5) overcame a 13-point halftime deficit to reach the Elite Eight for the fifth time in the past eight NCAA Tournaments.

Strawther drained his 3-pointer after UCLA’s Amari Bailey hit a 3-pointer to give UCLA a 76-75 edge with 12.4 seconds left.

“This guy has made so many big shots for us,” Gonzaga coach Mark Few said while patting Strawther’s chest. “I knew if I called his number, he would deliver.”

Strawther said, “As soon as it came off, it looked like it was on line. We work on that play in practice literally all the time, and I may be joking around sometimes, but here we are and it mattered today.”

Jaime Jaquez Jr. registered 29 points, 11 rebounds and three steals for the second-seeded Bruins (31-6), who lost for just the second time in the past 16 games. Bailey had 19 points and Tyger Campbell added 14 points and nine assists.

Strawther split two free throws with 1.4 seconds left, giving UCLA one last attempt. Campbell’s 3-point shot bounced off the back rim as time expired.

Gonzaga has won 12 straight games entering a Saturday clash with fourth-seeded UConn (28-8) in the regional final with a Final Four berth on the line.

Timme notched a tournament-record 10th career 20-point outing. He is tied with six others.

Gonzaga had a commanding 50-26 rebounding edge and collected 16 offensive boards. The Bulldogs led by 10 with 2:40 to play.

UCLA went 11:20 without a field goal in the second half — missing 11 straight attempts — before Jaquez’s three-point play cut Gonzaga’s lead to 72-66 with 1:14 remaining.

Jaquez converted another three-point play to bring the Bruins within 74-71 with 45 seconds left. Gonzaga’s Anton Watson split two free throws before Jaquez drove for a layup to make it a two-point game with 33.7 seconds to play.

Timme missed two free throws with 25.3 seconds remaining prior to Bailey’s go-ahead trey.

UCLA played without top defender Jaylen Clark (Achilles, out for season) and interior defender Adem Bona. The latter was sidelined with a shoulder injury that he aggravated during the Sweet 16 win over Northwestern.

The Bruins shot 41.8 percent from the field, including 7 of 18 (38.9 percent) from 3-point range.

Gonzaga shot 50 percent from the field and went 6 of 16 (37.5 percent) from behind the arc.

The Bruins led 46-33 at halftime and were still up by 12 four-plus minutes into the second half before the Bulldogs went on a 30-8 run.

Smith drained a trey to cap the surge and make it 72-62 with 2:40 to play.

“It brings the best out of us as competitors,” Timme said. “UCLA is a hell of a team, and we’ve had a big rivalry throughout my career here. And to be able to get hit in the mouth and come back and respond, that’s what we’ve been doing all year.”

Bailey and Campbell scored 13 points apiece and Jaquez added 12 for UCLA before the break. Timme had 19 points in the half for the Bulldogs.

–Field Level Media

Lakers, Thunder clash with play-in hopes in focus


After getting a pair of much-needed victories and receiving somewhat positive injury news, the Los Angeles Lakers will carry plenty of optimism into a Friday home matchup against the Oklahoma City Thunder.

The Lakers (36-37) earned a hard-fought, 122-111 home victory over the Phoenix Suns on Wednesday. Then on Thursday, media reports indicated that LeBron James would be back in the fold before the end of the regular season.

Lakers coach Darvin Ham said of James’ workouts as the superstar looks to return from a right foot tendon injury, “They’re intense and they’re going well.”

James responded to the reports about his status with a Thursday tweet: “There wasn’t an evaluation today and there hasn’t been any target date for my return. I’m just working around the clock, every day (3X a day) to give myself (the) best chance of coming back full strength whenever that is. God bless y’all sources. I speak for myself!”

The Lakers, who are trying to lock down a spot in the Western Conference play-in tournament, have been finding a way to pull off success without their star. They are 7-5 since James was injured in a Feb. 26 victory against the Dallas Mavericks.

While Anthony Davis and D’Angelo Russell led the initial charge after James went down, a new go-to player has emerged. Austin Reaves scored a career-high 35 points in a victory over the Orlando Magic on Sunday, and that earned him a start on Wednesday. He turned that opportunity into a 25-point, 11-assist performance against the Suns.

“Since Bron’s been out, we’ve had to have multiple guys fill what he does because he does everything on the court,” Reaves said, according to the Orange County Register. “So I’ve tried to be more aggressive offensively both ways, getting teammates involved, and then also scoring and getting to the line.

“So it’s really just been going back and playing basketball the way that I love, the way that I’ve always played and having fun with it.”

Reaves is averaging 19.8 points per game in the past nine contests after putting up 10.8 per game in 46 games to start the season.

The Thunder’s Shai Gilgeous-Alexander also is on a tear, but his production was expected as he has developed into a legitimate star.

Gilgeous-Alexander scored 30 points on 10-of-15 shooting on Thursday, but the Thunder (36-37) dropped a 127-105 road decision to the Los Angeles Clippers. The Thunder saw the Clippers shoot 56 percent from the field and 48.6 percent (18 of 37) from 3-point range.

Despite the defeat, which came two days after a 101-100 road victory over the Clippers, Oklahoma City has won eight of its past 11 games. Still, the latest loss dropped the Thunder out of a play-in tournament spot in the West, although they are tied with three teams that are eligible, one of which is the Lakers.

“We didn’t execute well enough, weren’t physical enough throughout the game,” Thunder coach Mark Daigneault said. “We had moments early, certainly, but we weren’t where we needed to be. So turn the page and we have another opportunity (against the Lakers).”

–Field Level Media

Mavs open home-and-home set against lowly Hornets


The Dallas Mavericks are in a tough spot in their bid to reach the postseason.

However, they have a nice situation coming over the next few days: a pair of games against the struggling and short-handed Charlotte Hornets. The teams face off Friday night in Dallas before meeting again on Sunday in Charlotte.

These are key games for the Mavericks, who have been teetering near the playoff line in the Western Conference.

Dallas (36-37) has lost two in a row and five of its past seven. The Mavericks’ most recent game was a controversial 127-125 home loss to the Golden State Warriors on Wednesday.

Mavericks owner Mark Cuban stated his intention to file a protest over the result due to an incident in the third quarter. After a timeout, the Warriors got an uncontested dunk off an inbounds pass when the Mavericks thought they were supposed to get the ball.

Aside from their anger at the refs, the Mavericks were happy to see Luka Doncic stand out in his return from a five-game absence caused by a left thigh strain. The superstar guard posted 30 points and 17 assists.

“Every time you lose, it’s bad,” Doncic said. “We’ve got to focus (on) what’s next. We’ve got to be focused on winning.”

The Hornets (23-51) have lost five of their past six games, including a 115-96 road setback against the New Orleans Pelicans on Thursday.

Guards Terry Rozier (foot) and Kelly Oubre Jr. (shoulder) were unavailable for the Hornets by halftime.

“We’ll get to Dallas and see how they feel,” Charlotte coach Steve Clifford said. “We’re going to have to wait and see who’s available.”

The Hornets finished Thursday night’s game with a further reduced bench because guard Dennis Smith Jr. exited in the third quarter due to an illness. That left Charlotte with seven available players.

“We got disorganized and made some mistakes,” Clifford said. “We don’t have a lot of room for error.”

For the second time in their past three games, the Hornets didn’t have a player reach the 20-point mark.

Guard Kyrie Irving has led the Mavericks in scoring eight times since early February, but he is questionable for the Friday game after sustaining a foot injury earlier in the week and the missing Wednesday contest. He has scored 20 or more points in 12 of 13 games since joining Dallas in a trade with the Brooklyn Nets.

Irving scored 28 points against the Hornets while playing for the Nets on New Year’s Eve. He blistered Charlotte for 33 points in a Dec. 7 game.

Tim Hardaway Jr. also sat out Wednesday because of illness, leaving the Dallas rotation short-handed. Like Irving, he was listed as questionable to play Friday.

Meanwhile, the Mavericks have received nice boosts from rookie guard Jaden Hardy, who scored 27 points off the bench against Golden State.

“Now with Timmy out, you look at Josh (Green) and Hardy getting those minutes,” Mavericks coach Jason Kidd said. “Again, Hardy has been fantastic in those minutes.”

Kidd said Hardy is learning when it’s best to drive and when it’s best to slow down and take a jumper.

“As a young player, it takes some time,” Kidd said. “He has the talent to do it, which is always helpful.”

The Friday contest will be the final home game for the Mavericks until a three-game stretch from April 5-9 to conclude the regular season.

Since the loss of rookie center Mark Williams to a thumb injury, the Hornets have taken severe rebounding lumps. The Pelicans pounded Charlotte on the boards by a 52-38 count.

Dallas has rebounding issues as well. The Mavericks have been outrebounded in their past three games, including by 13-board margins against both the Memphis Grizzlies and the Warriors.

–Field Level Media

NBA roundup: Cavs sink Nets on last-second 3-pointer


Isaac Okoro hit a game-winning 3-pointer in the final second as the visiting Cleveland Cavaliers rallied in the final two minutes for a stunning 116-114 victory over the Brooklyn Nets on Thursday night in New York.

The Cavaliers won for the ninth time in 12 games by outscoring the Nets 12-2 over the final 2:13.

Donovan Mitchell scored 31 points to lead the Cavaliers, who trailed by nine with 3:32 remaining. Evan Mobley collected 26 points and 16 rebounds as Cleveland moved five games ahead of the fifth-place New York Knicks.

Mikal Bridges scored 32 points, but the Nets lost their season-high fifth straight and fell a half-game behind the Miami Heat into seventh ahead of Saturday’s visit there. Spencer Dinwiddie added 25 points while Joe Harris contributed 15.

Clippers 127, Thunder 105

Kawhi Leonard scored 32 points and Russell Westbrook added 24 as Los Angeles took control in the second half and beat visiting Oklahoma City.

Bones Hyland had 16 points and seven assists for Los Angeles, which avenged a 101-100 home loss to Oklahoma City on Tuesday. The Clippers played without All-Star guard Paul George, who sprained his right knee Tuesday and will miss the remainder of the regular season.

Shai Gilgeous-Alexander led Oklahoma City with 30 points against his former team. Josh Giddey scored 18 points, and Jalen Williams added 16.

Pelicans 115, Hornets 96

Brandon Ingram had his first career triple-double, Jonas Valanciunas had a double-double and host New Orleans defeated Charlotte.

Ingram finished with 30 points, 11 rebounds and 10 assists and Valanciunas had 20 points and 19 rebounds as the Pelicans won their third straight game to strengthen their standing in the tightly bunched battle to reach the Western Conference play-in tournament. CJ McCollum scored 20, Trey Murphy III had 19 and Naji Marshall added 16.

P.J. Washington scored 18, Svi Mykhailiuk had 15 and Gordon Hayward added 12 to lead the Hornets (23-51), who lost starting guards Terry Rozier (foot) and Dennis Smith Jr. (illness) in the first half.

Magic 111, Knicks 106

Paolo Banchero scored 21 points as host Orlando held off New York despite squandering a 19-point third-quarter lead.

Cole Anthony had 18 points off the bench for the Magic, who have won three of four to move within four games of the Chicago Bulls in the race for the final play-in spot in the Eastern Conference. Wendell Carter Jr. and Franz Wagner each scored 16 points apiece.

Quentin Grimes and Immanuel Quickley scored 25 points each for the Knicks, who lost their third straight. Julius Randle had 23 points.

–Field Level Media

Clippers storm past Thunder with dominant second half


Kawhi Leonard scored 32 points and Russell Westbrook added 24 as the Los Angeles Clippers took control in the second half to beat the visiting Oklahoma City Thunder 127-105 on Thursday.

Bones Hyland had 16 points and seven assists, while Terance Mann scored 14 points and Nicolas Batum added 12 for Los Angeles (39-35), which avenged a 101-100 home loss to Oklahoma City on Tuesday. Leonard shot 13-for-15 from the floor and had six rebounds, six assists and four steals.

Shai Gilgeous-Alexander led Oklahoma City (36-37) with 30 points against his former team. Josh Giddey scored 18 points, and Jalen Williams added 16.

The Clippers played without All-Star guard Paul George, who sprained his right knee in the Tuesday loss. George will miss the remainder of the regular season and will be reassessed in two to three weeks.

Leonard opened the game shooting 7-for-7 from the field and scored 15 points in the first quarter to help put Los Angeles ahead 36-29. The Clippers shot 63.6 percent from the field for the period.

Oklahoma City trailed 42-31 early in the second quarter before holding the Clippers to 12 points over the final 10 minutes of the half, which ended with the teams tied at 54. Gilgeous-Alexander had 19 points before the break to lead all scorers.

Leonard was held scoreless in the second quarter before responding with 15 in the third. After Oklahoma City moved ahead 68-65 on a Giddey 3-pointer, the Clippers began to take control over the final seven minutes of the period.

Los Angeles owned a 92-80 advantage at the end of the third quarter after draining two 3-pointers in the final minute. The Clippers carried the momentum into the fourth and outscored the Thunder 24-9 to begin the period.

Westbrook, who finished with seven assists, scored five straight points to put the Clippers ahead 116-89 with 4:51 remaining.

Ivica Zubac had a game-high 10 rebounds for Los Angeles, which shot 56 percent from the field and 48.6 percent (18 of 37) from 3-point range.

Oklahoma City, which had won the first three meetings against the Clippers this season, shot 44.1 percent from the field and 33.3 percent (13 of 39) from beyond the arc.

–Field Level Media

MLB News: 2023 Preview: New York Mets


2022 record: 101-61, second in National League East

Offseason headlines: In his quest to bring a World Series title to Queens, owner Steve Cohen threw money at just about every free agent, signing nine contracts totaling nearly half a billion dollars. Justin Verlander (two-year, $86.6 million deal) was the prize acquisition, replacing Jacob deGrom and creating a formidable duo with former Detroit Tigers teammate Max Scherzer.

Unfortunately for the Mets, four of those signings — closer Edwin Diaz, left-handers Jose Quintana (stress fracture in left rib) and Kodai Senga (finger tendinitis) and outfielder Brandon Nimmo (sprained right knee and ankle) — have sustained injuries this spring. Diaz (torn right patellar tendon) is expected to miss the entire season.

Spring storylines: The injury to Quintana opened a rotation spot for either David Peterson or Tylor Megill, with Peterson potentially getting the edge due to his experience in the No. 5 spot. Both have performed well, making it a decision that could come down to the wire.

As for who will replace Diaz, David Robertson is a capable, experienced closer. But how much of a blow will Diaz’s injury be to the Mets’ psyche? He creates excitement every time he takes the mound to his trumpet-fueled walk-on song and is one of the game’s best closers. That’s not easily replaceable and not how you want to start a season of high expectations.

“I never knew I loved Edwin so much until I couldn’t stop crying,” Diaz’s Mets and Puerto Rico teammate Francisco Lindor said this week. “That’s when I realized I love Edwin a lot. … It broke my heart. It did not feel good.”

Young guns: The Mets have the No. 5 farm system in the majors, according to Baseball America, though none of their prospects are projected to be with the club on Opening Day. That’s more a reflection of a strong roster than a lack of potential among the prospects.

Fall feeling: Despite the spring setbacks, the Mets remained poised to contend with the Atlanta Braves and the Philadelphia Phillies for NL East supremacy. The 1-2 combo of Scherzer and Verlander, along with stars Lindor and Pete Alonso in a talented lineup, have the club dreaming of the Fall Classic.

Odds, even: The Mets have the second-best odds (+175 at DraftKings and FanDuel) to win the NL East and the fifth-best odds to be World Series champions (+900 at FanDuel, +950 at DraftKings) in 2023.

–Field Level Media

MLB News: 2023 Preview: Philadelphia Phillies


2022 record: 87-75, third in National League East

Offseason headlines: The Atlanta Braves and New York Mets dominated the headlines with 101-win seasons, but it was the third-place Phillies who went all the way to the World Series. Despite losing to the Houston Astros, the Phils firmly believe they aren’t a one-year wonder by signing free agent superstar shortstop Trea Turner to an 11-year, $300 million contract.

Turner’s megadeal aside, Phillies executive Dave Dombrowski added Taijuan Walker to the back of the rotation, signed veteran relievers Craig Kimbrel and Matt Strahm and traded for All-Star closer Gregory Soto. As usual, Dombrowski is building a roster capable of a Fall Classic run.

Spring storylines: Turner is just what the Phillies needed, an ideal leadoff man with speed who can get on base and hit for power as the catalyst of a potent lineup. He’s been one of the game’s best the last four seasons.

Not to be overshadowed by the Turner signing, losing Rhys Hoskins to a torn ACL on Thursday and Bryce Harper (Tommy John surgery) until at least June is a tough pill for the Phillies to swallow. And when Harper does return, he may serve as the full-time designated hitter. An outfield that includes Kyle Schwarber and Nick Castellanos isn’t ideal defensively, but the Phils don’t have much of a choice right now.

“(Harper’s) doing great, very well,” Dombrowski said this week. “He feels good. He’s not having any setbacks, whatsoever.”

Young guns: The club’s No. 6 prospect per MLB.com, Andrew Painter was competing for the No. 5 spot but sustained a sprained proximal UCL in his right elbow. He has not thrown since March 1, but the Phillies are confident he’ll recover without surgery. Dombrowski expects Painter will pitch for the club in 2023.

Fall feeling: A strong, deeper rotation, and an improved bullpen and infield defense, should push the Phillies past the 90-win mark. If either the Braves or Mets falter, the division race could be Philadelphia’s for the taking.

Odds, even: Despite their 2022 World Series appearance, the Phillies have the third-best odds (+350 at FanDuel, +370 at DraftKings) to take the NL East and the eighth-best odds (+1500 at FanDuel, +1700 at DraftKings) to win it all.

–Field Level Media