Core Viewpoint - Coinbase is proactively challenging state regulations on its planned prediction market products by filing lawsuits in Michigan, Illinois, and Connecticut, asserting that these markets should be classified as commodities under federal jurisdiction rather than state gaming laws [1][4]. Group 1: Legal Actions and Regulatory Context - The lawsuits aim to secure court orders that affirm prediction markets as commodities, thus placing them under the jurisdiction of the federal Commodity Futures Trading Commission (CFTC) [1]. - Some states argue that prediction markets related to sports fall outside the CFTC's jurisdiction, but it is noted that Congress intentionally excluded only a few specific underliers from the commodity definition [2]. Group 2: Market Reaction and Future Plans - Coinbase's stock (COIN) experienced a slight decline, trading at $239.83, down 1.79% on the day, as the company prepares to launch its new products in January 2026 [3]. - The prediction market products will be powered by the CFTC-regulated platform Kalshi, indicating a strategic partnership in navigating regulatory challenges [3]. Group 3: Strategic Implications - This legal strategy reflects a broader effort to establish a federal regulatory framework, aiming to avoid fragmented state-by-state licensing issues that have affected other crypto products [5]. - A favorable ruling for Coinbase could pave the way for a clear, CFTC-governed pathway for launching innovative derivatives and event contracts across the nation, while a loss could reinforce state gaming commissions' authority, complicating compliance for US-based exchanges [6].

Core Viewpoint - Coinbase Global Inc. has filed lawsuits against Michigan, Illinois, and Connecticut to assert that the Commodity Futures Trading Commission (CFTC) is the sole regulator of prediction markets, challenging state authority over these markets [1][2]. Group 1: Legal Actions - The lawsuits aim to prevent state intervention, which Coinbase argues could cause "immediate and irreparable" harm to its operations [1]. - Coinbase's Chief Legal Officer stated that state efforts to control prediction markets stifle innovation and violate the law [2]. Group 2: Market Context - The legal actions follow Coinbase's announcement of entering the prediction markets sector through a partnership with Kalshi, a CFTC-regulated platform, with plans to offer event-contract trading starting in January 2026 [2]. - The distinction between prediction markets and traditional sportsbooks is emphasized, with prediction markets being described as neutral exchanges that match buyers and sellers [3]. Group 3: Regulatory Implications - The legal challenge could set a precedent for the regulation of prediction markets across the U.S., potentially influencing the future landscape of this sector [4]. - There is growing tension between federal and state authorities regarding the regulation of emerging financial technologies, with states like Connecticut taking action against operators for allegedly unlicensed products [3]. Group 4: Market Performance - Following the news, Coinbase's stock closed down about 2% at $239.20, having already lost 7% of its value this year [4].

Group 1 - The US stock market saw a collective rise on December 18, with major technology stocks performing well, particularly the Trump Media Technology Group, which surged by 41.93% after announcing a merger agreement with TAE Technology [1][2] - Tesla's stock increased by over 3%, adding approximately $53.6 billion (around 377.4 billion RMB) to its market capitalization [2] - The merger between Trump Media Technology Group and TAE Technology will be executed through an all-stock transaction, with both companies' shareholders expected to own about 50% of the combined entity post-merger [2] Group 2 - The latest data from the US Bureau of Labor Statistics indicated that the Consumer Price Index (CPI) for November rose by 2.7% year-on-year, which was lower than the market expectation of 3.1% [4] - The core CPI, excluding volatile food and energy prices, increased by 2.6%, marking the lowest level since early 2021 and also below the anticipated 3% [4] - Following the CPI report, there was a slight increase in the likelihood of the Federal Reserve lowering interest rates in January, with traders estimating a 28.8% chance of a 25 basis point cut, up from 26.6% prior to the inflation data release [4] Group 3 - Goldman Sachs' global co-head of fixed income and liquidity solutions, Kay Haigh, stated that the low inflation data would not impact the Federal Reserve's decision-making, as they are more focused on the December CPI data set to be released in mid-January [5]

Coinbase CEO: North Korean Hackers Even Try to Bribe Support AgentsIn an August 2025 discussion with Stripe co-founder John Collison, Coinbase CEO Brian Armstrong warned that North Korean agents are actively attempting to infiltrate US tech companies by exploiting remote work policies. Armstrong revealed that beyond fake employment, threat actors are offering six-figure bribes to customer support agents for insider access. He detailed Coinbase's strict countermeasures, including mandatory in-person orientat ...

Tesla Trade - Ark Invest sold 23,110 shares of Tesla through its ARK Innovation ETF, valued at approximately $11.2 million, amid a stock pullback after reaching all-time highs earlier in the week [2] - Despite the recent dip, Tesla's stock closed at $483.37 on Thursday, marking a 3.45% increase, indicating ongoing market interest [3] Coinbase Trade - Ark Invest purchased 17,386 shares of Coinbase across multiple ETFs, valued at approximately $4.15 million, aligning with Coinbase's announcement of launching traditional stock trading [4] - Coinbase's new offering includes commission-free U.S. stock trading with 24-hour access five days a week, aiming to diversify revenue and reduce dependence on volatile crypto trading cycles [5] Brera Holdings Trade - Ark Invest increased its stake in Brera Holdings by purchasing 575,644 shares through various ETFs, valued at approximately $1.4 million, following the company's strategic initiatives [6] - Brera Holdings' stock saw a modest rise of 0.84%, closing at $2.39, reflecting positive market sentiment [6] Other Key Trades - Ark Invest sold 31,149 shares of Ionis Pharmaceuticals Inc. and bought 755,538 shares of Recursion Pharmaceuticals Inc. across different ETFs [8]

Get yours ↓https://t.co/tRj7PXG71a ...

RT CryptoBizzle (@CryptoBizzle)JPMorgan and Benchmark analysts say Coinbase’s product rollout, spanning stocks, prediction markets and tokenization isn't fully priced in.COIN shares are still in rough waters at the moment, trading near a seven-month low.Read more @TheBlock__https://t.co/34P6arO7Lx ...

Inflation Analysis - CPI (消费者物价指数) 年同比实际数据为 2.7%，低于经济学家预测的 3.1%，低 40 个基点[3] - 核心 CPI 年同比实际数据为 2.6%，同样低于经济学家预测的 3.0%，低 40 个基点[3] - 短期来看，核心 CPI 年化率（过去 3 个月）仅为 1.6%，为 2021 年 2 月以来的最低水平[7] - 避险、石油和劳动力这三个广泛的经济指标均显示出通货紧缩的迹象[8] Coinbase's Strategy - Coinbase 旨在成为全球排名第一的金融服务应用，而不仅仅是加密货币公司[15] - Coinbase 推出八种新产品，包括股票交易、预测市场、期货和永续合约交易、Solana DEX 交易、Coinbase Business、Coinbase Advisor、Base 应用和 Coinbase 定制稳定币[20][21][22] - Coinbase 拥有 1 亿个全球验证账户，年收入达 80 亿美元，并且收入以超过 40% 的速度同比增长[14] Market Competition - Coinbase 和 Robinhood 等公司都在争夺“超级应用”的地位，希望在一个应用中提供股票、加密货币、预测市场、永续合约、稳定币、支付和存款等服务[16][23] - 传统金融机构如摩根大通、富达和高盛预计也将进入这一领域，加剧市场竞争[24] Warrior Dividend - 美国政府向 145 万军人发放“战士红利”，每人 1776 美元[27][28][29] - 报告提出疑问，这笔资金的来源以及是否会增加国家债务[30][31]

Today, crypto prices are on the rise after the latest read of the consumer price [music] index. Acting CFTC chair Caroline Fam is joining crypto payments firm MoonPay. And Coinbase CEO Brian Armstrong explains the company's new prediction market [music] offering.Welcome to CNBC's Crypto World. I'm Brandon Gomez. Digital currencies are in the green after the latest CPI reading showed inflation rose less than expected in November.[music] By noon Eastern, Bitcoin climbed to just under the $88,000 level. Ether ...

Core Insights - Coinbase has entered the prediction market space, allowing users in the U.S. to trade on outcomes of real-world events such as elections and sports [2][3] - The prediction market offerings are part of a broader update announced during the "Coinbase System Update" event [2] - Users will manage prediction market positions alongside existing crypto and equity balances, with initial market flow coming from Kalshi [3] Industry Trends - The prediction market sector is experiencing significant growth, with analysts suggesting it could evolve into a new asset class [4][6] - Robinhood's CEO noted that prediction markets are their fastest-growing business, with 2.3 billion event contracts traded in Q3 and 2.5 billion in October alone [5] - The prediction market boom is characterized by events-based contract trading that offers transparency and liquidity, although it raises concerns about regulatory arbitrage and consumer protections [6] Coinbase's New Offerings - In addition to prediction markets, Coinbase is expanding its DEX trading integration to include Solana tokens and is introducing futures and perpetual futures trading [7]