By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin (BTC) has churned between $86,000 and $88,000 over the past 24 hours, with Tuesday’s U.S. jobs data failing to inject meaningful volatility. The price sits near a major technical level which, if broken, could bring more pain. The number of BTC/USD longs (bullish bets) on Bitfinex continues to climb, reaching 72,184 at press time, the highest since February 2024. It may sound counterintuitive, but rising longs have historically turned out ...

Gemini has launched its prediction market platform, called Gemini Predictions. The new service is now available across all 50 US states through its iOS app and website. According to the company’s recent statement, Gemini Predictions enables users to take positions on events such as election outcomes, economic data releases, and broader market trends. Gemini said it will charge no trading fees during an initial promotional period. The move could help attract early participation and liquidity. The rollou ...

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Tokenized stocks likely represent a bigger revenue opportunity for Coinbase than prediction markets, analysts at Compass Point wrote in a Monday report while lowering the price target for COIN. Although the investment bank foresees the crypto exchange unveiling several products at an event on Wednesday, the analysts highlighted tokenized stocks and prediction markets as two areas that could help the exchange diversify sales away from fees on crypto trades. It could take years for the revenue to materialize ...

Key Takeaways COIN stock has dropped 18.5% in 3 months, underperforming its industry's 10.3% decline.Coinbase is expanding globally, adding assets, and exploring stablecoin ties with top U.S. banks.Despite strong growth plans, COIN trades at a premium and faces declining earnings estimates.Shares of Coinbase Global Inc. (COIN) have lost 18.5% over the past three months compared with its industry’s decrease of 10.3%. The sector has increased 2.3% and the Zacks S&P 500 composite has risen 4.2% in the same tim ...

Laura Katherine Mann, a partner at global law firm White & Case, sees 2025 as the "test-case year" for crypto initial public offerings, but says 2026 is the real proof point: the year the market finds out whether digital asset IPOs are a "durable asset class" or just a cyclical trade that only works when prices are ripping. 2025 was a busy year for crypto companies going public. Stablecoin issuer Circle (CRCL) listed in June, followed by CoinDesk's owner Bullish (BLSH) in August and crypto exchange Gemin ...

As more liquidity accumulates on centralised crypto exchanges, the risk for larger wipeouts during times of volatility is steadily increasing, according to a new report. Research firm Kaiko said on Tuesday that there is a “clear risk of concentration” in crypto markets, with liquidity collecting on a small number of platforms. The report highlighted that over-reliance on Binance — the largest crypto exchange by trading volume — was especially risky for the industry. “Despite its central role in the eco ...

Crypto exchange Coinbase will stop paying USDC rewards to non-paying customers next week, confirming to Decrypt on Thursday that only Coinbase One premium subscribers will be eligible to earn 4% on their stablecoin holdings. The exchange first made the announcement in an email sent to Coinbase customers on Thursday, saying the change will take effect on December 15. A Coinbase spokesperson confirmed that USDC rewards are now a member-exclusive benefit of Coinbase One. "Coinbase One allows you to earn 10x ...

Elon Musk once promised that SpaceX wouldn’t go public until it delivered humans to Mars (lest pesky shareholders prioritize short-term profits over the long-term project of Martian colonization). The Red Planet must be within shouting distance, judging by the financial buzz. No, turns out it’s a lot easier to land on the S&P 500 these days than on Mars, so why wait? On Wednesday, Bloomberg reported that Musk’s aerospace company is moving ahead with plans to raise $30 billion for an initial public offeri ...

The Office of the Comptroller of the Currency (OCC) has given the greenlight for banks to offer crypto trading services. Credit: Kevin Carter via Getty Images. Key Takeaways The Office of the Comptroller of the Currency (OCC) has published new guidance letting banks act as crypto brokers. Under the new guidance, crypto exchanges face new competition from Wall Street. In Europe, banks have integrated crypto trading within retail banking apps. American banks will be able to act as crypto brokers unde ...