Crypto News
Coinbase Misses Q1 Revenue Forecasts Amid Drop in Trading Volume
The crypto exchange giant's trading revenues fell 19% from its previous quarter amid challenges that afflicted crypto markets.Source link
Coinbase’s $2.9B Deribit Deal a ‘Legitimate Threat’ for Peers, Wall Street Analysts Say
Coinbase's (COIN) $2.9 billion acquisition of Deribit will be a tipping point for the company, pushing the U.S.-based exchange into direct competition with global heavyweights like Binance, Wall Street analysts wrote on Thursday.The massive deal is more than just a platform expansion; it's a paradigm shift for the exchange and trading industry. According to the analysts, the deal signals the start of a new consolidation cycle in the crypto trading industry, as smaller exchanges face pressure and TradFi firms look to expand further into the sector.Read more: In $2.9B Deal, Coinbase Buys Deribit to Expand in U.S. Crypto Options MarketDeribit controls 85% of the global crypto options market and reported $1.2 trillion in trading volume last year. By absorbing it,...
Myriad Moves: What’s Next for Dogecoin, and Did Anyone Predict an American Pope?
Follow what's happening on Myriad Markets' most popular prediction markets from the price of Dogecoin to the next Pope.Source link
Celsius Boss Falls: Alex Mashinsky Sentenced to 12 Years for $7B Fraud
Alex Mashinsky, the former CEO of cryptocurrency lender Celsius Network, was sentenced today to 12 years in prison for defrauding customers and manipulating the price of the platform’s native token, CEL. In December 2024, Mashinsky pleaded guilty to one count of commodities fraud and one count of securities fraud, admitting to misleading investors about Celsius’sSource link
Senate Votes Against Advancing Stablecoin Bill, Delaying Process as Trump Concerns Fester
The U.S. legislation that would establish stablecoin regulation failed to take a huge step closer to reality on Thursday as a rush of Democratic resistance kept the bill from moving into a debate phase, which would have been the path toward an eventual vote on passage.The crypto industry has been closely watching the Senate, where the fate of its long-fought legislative battle hangs in the balance this year. The first of two major digital assets bills — this one to regulate stablecoins such as Circle's USDC and Tether's USDT — ran into a congressional roadblock, despite having easily won bipartisan approval in a previous Senate Banking Committee vote.A technical but vital vote to advance the legislation into days of floor...