Core Insights - Coinbase Global has made an investment in CoinDCX, an Indian cryptocurrency exchange, which is valued at a post-money valuation of $2.45 billion [1] Company Summary - Coinbase Global is actively investing in international markets, as evidenced by its investment in CoinDCX [1] - CoinDCX, the recipient of the investment, is positioned as a significant player in the Indian cryptocurrency market with a valuation of $2.45 billion [1]

Gemini Crypto. Photo by BeInCrypto US-based cryptocurrency exchange Gemini has launched a local entity in Australia, signaling a strategic effort to expand its operations across the Asia-Pacific region. According to the Australian Independent Reserve Cryptocurrency Index, cryptocurrency adoption in Australia rose to 31% in early 2025, up from 28% the previous year. Strategic Entry into the Australian Market Gemini's establishment of Gemini Intergalactic Australia Pty Ltd represents a strategic step in ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. China’s financial watchdog just threw cold water on Hong Kong’s red-hot tokenization boom, quietly advising major brokerages to pump the brakes on their real-world asset business. The move sent Hong Kong stocks tumbling and exposed the delicate dance between Beijing’s crypto skepticism and Hong Kong’s digital asset ambitions. The China Securities Regulatory Commission has issued informal guidance to at lea ...

Core Insights - The Indian government is targeting offshore crypto platforms with significant assets, as the Financial Intelligence Unit India (FIU-IND) has issued notices to 25 exchanges for non-compliance with anti-money laundering regulations [1][2] Group 1: Regulatory Actions - The FIU-IND has issued notices to 25 crypto exchanges, including notable platforms such as BingX, LBank, CoinW, and ProBit Global, for failing to adhere to anti-money laundering rules [2] - The Indian finance ministry has mandated these platforms to withdraw their apps and websites from public access in India, although many remain accessible as of the latest update [2] - A total of 50 crypto exchanges have registered with India's anti-money laundering watchdog, with previous actions taken against major platforms like Binance, Coinbase, KuCoin, and OKX [5] Group 2: Market Impact - Among the 25 exchanges targeted, 14 collectively hold over $9 billion in assets and have recorded approximately $20 billion in trading volume within the last 24 hours [3] - Binance resumed its operations in India in August 2024, while Coinbase re-entered the market earlier this year, launching an early-access program for Indian users [6] Group 3: Regulatory Framework - India currently lacks a dedicated regulatory framework for cryptocurrencies; however, the finance ministry has indicated that virtual asset service providers are subject to the Prevention of Money Laundering Act of 2002 [4] - Compliance with the FIU-IND's reporting and compliance requirements has become mandatory for crypto exchanges serving Indian users [4]

Shares of Gemini Space Station Inc. GEMI surged 32.2% during their first day of trading on Friday, bringing the cryptocurrency exchange’s total value to $4.4 billion and signaling a renewed interest from investors in digital assets.Check out the current price of GEMI stock here. Strong Market Opening Above IPO PriceThe company's shares debuted at $37.01, significantly higher than the initial public offering price of $28. Gemini raised $425 million by selling around 15.2 million shares, according to a Reuter ...

Core Points - Cryptocurrency platform Gemini has filed an S-1 registration statement with the U.S. Securities and Exchange Commission for an initial public offering (IPO) of 16.67 million shares of Class A common stock [1] - In connection with the offering, Gemini and its selling shareholders plan to grant underwriters a 30-day option to purchase up to an additional 2.3963 million and 103,700 shares of Class A common stock, respectively, to cover over-allotments [1] - The expected IPO price is between $17 and $19 per share of Class A common stock [1] - Gemini has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol "GEMI" [1]

Group 1: Company Overview - Coinbase Global operates as a cryptocurrency exchange, facilitating retail traders' entry into the cryptocurrency market, which is crucial for transaction traffic as trading shifts between Bitcoin and Ethereum [4][6] - The company has a market capitalization of $79.8 billion, allowing it to operate efficiently and convert revenue into earnings per share (EPS) growth [6] Group 2: Market Dynamics - Bitcoin is becoming more institutionalized, leading to reduced volatility, while Ethereum remains more volatile and sentiment-driven, impacting trading behaviors on Coinbase [2][3] - The current trading activity shows a significant rotation from Bitcoin to Ethereum, which is expected to increase transaction volumes and revenue for Coinbase [7][12] Group 3: Financial Metrics and Forecasts - The consensus EPS forecast for Coinbase is set at $2.18 per share for Q2 2026, a substantial increase from the current reported EPS of 12 cents, indicating potential for significant growth [9] - The stock is currently trading at 70% of its 52-week high, suggesting potential for price appreciation if fundamentals support it [6][12] - Coinbase has a price-to-earnings-growth (PEG) ratio of 0.5x, indicating that 50% of the company's future earnings growth is not yet reflected in its stock price [11][12] Group 4: Investor Sentiment - There has been a 22% decline in Coinbase's short interest over the past month, signaling bearish capitulation among short sellers, which may indicate a favorable risk-to-reward ratio for potential investors [13]

Core Points - Nu Holdings' shares fell 4.5% to close at $13.03 on July 10, with a trading volume of approximately 107.8 million shares, which is about 79% above its 50-day average volume of 60.1 million shares [1] - The decline occurred despite broader market gains, with the S&P 500 up 0.27% and the Dow Jones Industrial Average up 0.43%, while competitor SoFi Technologies rose 3.7% [2] - Nu Holdings remains above its 50-day ($12.64) and 200-day ($12.49) moving averages, with a year-to-date gain of approximately 25.8%, indicating a longer-term upward trend [3] - The decline may be attributed to multiple factors, including potential growth slowdown, inflation concerns, and rising interest rates in Latin America, with increased trading volume suggesting institutional repositioning or profit-taking [3]

Industry Trend - Germany's largest banking group Sparkassen adds cryptocurrency trading services [1]

Core Points - Coinbase Global, Inc. experienced a significant cybersecurity incident on May 15, 2025, leading to a 7% drop in share price and raising concerns about its internal controls and disclosure processes [1][3] - Hagens Berman has initiated an investigation into potential securities law violations related to Coinbase's claims about its security measures and the adequacy of its cybersecurity risk management [2][5] Company Incident Details - The cybersecurity incident involved a threat actor gaining access to personal information of nearly 70,000 customers, raising questions about Coinbase's security protocols [3][4] - The threat actor reportedly acquired this data by bribing contractors or employees to extract it from Coinbase's systems, with estimated remediation and customer reimbursement costs potentially reaching $400 million [4] Industry Context - Following the incident, it was reported that rival exchanges Binance and Kraken faced similar hacking attempts but successfully protected customer data, which has led to further scrutiny of Coinbase's security measures and the timing of its disclosures [5] - Hagens Berman is investigating whether Coinbase misrepresented its security controls and delayed the disclosure of the cybersecurity incident [5]