. We'll keep the structure.
Let's translate:
First paragraph: "Coinbase reported an unexpected loss this week as trading volumes dried up across the crypto market. The exchange's quarterly results missed analyst estimates, underscoring how a prolonged slump in retail and institutional activity is squeezing even the largest U.S. platforms. Meanwhile, Bitcoin edged lower Friday morning despite $233 million in net inflows into spot ETFs the day before — a sign that buying pressure isn't translating into price momentum. And in a separate front, New York State is trying to shut down prediction-market operator Kalshi, seeking a staggering $36 billion in damages."
Translation: "Coinbase melaporkan kerugian tak terduga minggu ini karena volume perdagangan mengering di seluruh pasar kripto. Hasil kuartalan bursa tersebut meleset dari perkiraan analis, menegaskan bagaimana penurunan berkepanjangan dalam aktivitas ritel dan institusional menekan bahkan platform-platform terbesar di AS. Sementara itu, Bitcoin sedikit turun Jumat pagi meskipun ada arus masuk bersih $233 juta ke ETF spot sehari sebelumnya — sebuah tanda bahwa tekanan beli tidak berubah menjadi momentum harga. Dan di sisi lain, Negara Bagian New York mencoba menutup operator pasar prediksi Kalshi, menuntut kerugian yang mengejutkan sebesar $36 miliar."
We need to check: "dried up" -> "mengering", "missed analyst estimates" -> "meleset dari perkiraan analis", "underscoring" -> "menegaskan", "prolonged slump" -> "penurunan berkepanjangan", "squeezing" -> "menekan", "edged lower" -> "sedikit turun", "net inflows" -> "arus masuk bersih", "spot ETFs" -> "ETF spot", "buying pressure" -> "tekanan beli", "translating into" -> "berubah menjadi", "separate front" -> "di sisi lain", "shut down" -> "menutup", "prediction-market operator" -> "operator pasar prediksi", "seeking" -> "menuntut", "staggering" -> "mengejutkan".
Second paragraph: "
Coinbase's Q2 Miss
" -> "
Kegagalan Q2 Coinbase
" or "Coinbase Gagal di Q2"? But "Miss" here means missing estimates, so "Coinbase Gagal Mencapai Target Q2" but simpler: "Coinbase Gagal di Q2". We'll use "Coinbase Gagal di Q2" as heading.
Then: "The surprise loss marks a sharp reversal from the prior quarter, when Coinbase had managed to eke out a profit. Trading revenue, the company's main engine, fell sharply as both bitcoin and ether volumes stagnated. The exchange didn't provide a detailed breakdown, but the message was clear: the retail frenzy that drove record activity in early 2026 has faded, and institutional clients aren't filling the gap. Coinbase's stock slid in after-hours trading following the release."
Translation: "Kerugian tak terduga ini menandai pembalikan tajam dari kuartal sebelumnya, ketika Coinbase berhasil meraih laba tipis. Pendapatan perdagangan, mesin utama perusahaan, turun tajam karena volume bitcoin dan ether stagnan. Bursa tidak memberikan perincian rinci, tetapi pesannya jelas: kegilaan ritel yang mendorong aktivitas rekor pada awal 2026 telah meredup, dan klien institusional tidak mengisi celah tersebut. Saham Coinbase merosot dalam perdagangan setelah jam kerja setelah rilis tersebut."
We need to adjust: "eke out a profit" -> "meraih laba tipis" or "mencetak laba kecil". "main engine" -> "mesin utama". "stagnated" -> "stagnan". "detailed breakdown" -> "perincian rinci". "retail frenzy" -> "kegilaan ritel". "drove record activity" -> "mendorong aktivitas rekor". "faded" -> "meredup". "filling the gap" -> "mengisi celah". "after-hours trading" -> "perdagangan setelah jam kerja" or "perdagangan pasca-pasar". We'll use "perdagangan setelah jam bursa" but "after-hours" is common as "after-hours" but we can say "perdagangan di luar jam bursa".
Third paragraph: "
ETF Inflows, But No Price Lift
" -> "
Arus Masuk ETF, tetapi Tidak Ada Kenaikan Harga
" or "Arus Masuk ETF, Namun Harga Tak Bergerak" but we'll keep it close.
Then: "Friday's bitcoin price dip — even after $233 million poured into spot ETFs on Thursday — highlights a growing disconnect. Analysts have noted that much of the ETF buying is being offset by selling from long-term holders or miners, or that the inflows are simply being absorbed by a market that lacks fresh catalysts. Whatever the reason, the pattern is frustrating for bulls who had hoped ETF demand would provide a steady floor. Bitcoin was trading around $62,000 early Friday, down about 1.5% on the day."
Translation: "Penurunan harga bitcoin Jumat — bahkan setelah $233 juta mengalir ke ETF spot pada Kamis — menyoroti keterputusan yang semakin besar
