Coinbase swings to surprise loss amid crypto exodus, but says traders are buying the dip
The crypto exchange’s stock bounced off a two-year low as it looked to ease investor worries amid a sharp crypto selloff.
The crypto exchange’s stock bounced off a two-year low as it looked to ease investor worries amid a sharp crypto selloff.
The sports-betting company sees “a massive, incremental opportunity” in the hot world of prediction markets.
Coinbase’s fourth-quarter earnings missed Wall Street expectations, with the crypto exchange reporting its first net loss since the third quarter of 2023.
Big Tech stocks are being pummeled by fears of AI overspending, but some are more at risk than others
The Dow Jones Industrial Average closed below the 50,000 threshold for the first time since Friday, as fears spread that artificial intelligence might disrupt areas of business beyond tech and software.
Long-term Treasurys had their best day in months on Thursday, as investors looked for safety in the bond market amid a broad selloff in U.S. equities.
“She is an old-school farm girl who inherited all her money and wants to pass it down to her children.”
Akamai, DoorDash and Alibaba prep for massive earnings moves, while the S&P 500’s failed breakouts signal a darkening technical cloud.
Bitcoin appears trapped within a capitulation zone where long-term holders continue to sell, and bearish onchain metrics tease further downside. Will $40,000 mark the final price bottom?
Institutional owners of Warner Bros. shares might jump ship as Paramount ups the ante.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjYtMDIvMDE5YzUzYTAtNjkyMC03Mzk0LWJiYTctZWM5NTI4NmE5ZTZlLmpwZw==.jpg" alt="Fed paper proposes initial margin weights for crypto-linked derivatives" class="type:primaryImage"></p><p>Traditional risk-weightings and models cannot account for crypto's high volatility or market behavior, according to a Federal Reserve paper.</p>
The dollar-backed token, USDCBL, will serve as collateral for onchain perps, with cash and Treasury reserves generating yield retained within the protocol.
Bitcoin’s daily funding rate has been deeply negative for days, reflecting heavy short positioning, but historical data also suggests that a squeeze on bears could be brewing.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjYtMDIvMDE5YzUzMmYtYTQ5ZC03NTA3LWI0ODctOGFmZmVmYzk3ZTEwLmpwZw==.jpg" alt="TradFi giant Fiserv builds real-time dollar rails for crypto companies" class="type:primaryImage"></p><p>Fiserv launches a 24/7/365 settlement platform for digital asset companies, aiming to reduce banking friction and improve liquidity in the US dollar.</p>
The move strengthens institutional support for 21Shares’ multibillion dollar digital asset investment platform and broadens its regulated staking capabilities.
While ETH’s price action remains weak, rising institutional investor inflows and surging network activity suggest that Ether is building a base for a possible rally to $2,400.
The funding follows a $305 million Bitcoin sale and increases a key investor’s voting power to nearly 50%, as the company restructures its balance sheet amid sector volatility.
Bitcoin and Ether spot ETF holders are nursing steep losses as the market continues to search for a local bottom, but data from Bloomberg suggests neither cohort is capitulating.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDgvMDE5ODdmYTQtOGU1OS03ZjM1LWJiMDItOWZhNWU1NmFjZTZi.jpg" alt="US credit union regulator proposes stablecoin licensing path" class="type:primaryImage"></p><p>The US National Credit Union Administration proposed a federal licensing regime for payment stablecoin issuers operating through credit union subsidiaries.</p>
A venerable City of London institution is being snapped up by a U.S. asset manager in a nearly $14 billion deal that comes amid growing fears that AI will severely disrupt the finance sector.