Breaking down Coinbase's S-1 filing and what it means for the bitcoin market

<p>Thursday morning, Coinbase's S-1 filing went public, revealing for the first time details about its financials, cap table, and its pitch to the investment world ahead of a planned direct listing on Nasdaq.</p><p>In this episode of The Scoop, The Block's director of news Frank Chaparro and director of research Larry Cermak unpack the S-1 filing's headline-grabbing sections and the broader implications of Coinbase's plan on the broader bitcoin market. </p><p>Coinbase has been preparing to go public for several months. For the past several weeks, the firm's shares have been changing hands on Nasdaq Private M...