Shares of Coinbase (COIN) jumped 12% Friday despite the crypto exchange missing fourth-quarter earnings expectations, as analysts reacted to the report with a mix of caution on short-term pressures and optimism about the company’s evolving business model. The company posted net revenue of $1.71 billion, below Wall Street estimates of $1.81 billion, while its core
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1920.47, up 2.0% (+36.77) since 4 p.m. ET on Thursday. Eighteen of the 20 assets are trading higher. Leaders: UNI (+5.4%) and BCH (+5.3%). Laggards: ICP (-2.1%) and BNB
Coinbase reported a $667 million loss in the fourth quarter as revenue declined roughly 20% from a year earlier, missing analyst expectations. The exchange generated approximately $1.8 billion in revenue during the quarter, below Wall Street forecasts. Non-GAAP earnings came in at $0.66 per share, more than 30% under consensus estimates. The earnings miss comes
The leading cryptocurrency, Bitcoin ($BTC), has fallen again after recovering to $70,000. Bitcoin is trading around $67,000, while Ethereum (ETH) is trading around $1,960, as US January inflation data was released. While volatility in $BTC continues, the whole world is focused on US inflation figures. Here are the US inflation figures that have been released:
Russian regulators intend to reconsider their currently conservative stance on fiat-pegged stablecoins and actually study the possibility of minting one this year. The statement, made by a top central bank executive, comes amid increasing pressure on a ruble-backed stablecoin issued in Kyrgyzstan and actively used by Russian entities to circumvent sanctions. Bank of Russia to
The tokenized gold market has entered a powerful new phase of growth. Investors have pushed total market capitalization beyond $6 billion, marking one of the strongest expansions in digital asset history this year. The sector added nearly $2 billion year to date, signaling accelerating demand for blockchain based exposure to real world commodities. This surge
YZi Labs has publicly warned CEA Industries (Nasdaq: BNC) about a possible Nasdaq delisting. On February 13, investment partner Alex Odagiu released a sharp letter to the company’s board. He said CEA has not held an annual shareholder meeting for more than 400 days. The last meeting took place on December 17, 2024. The letter
Ark Invest added another $18 million worth of crypto-adjacent stocks to its holdings on Thursday, including a $2 million purchase of shares in cryptocurrency exchange Bullish (BLSH). The St. Petersburg, Florida-based company also bought $12 million worth of crypto-friendly trading platform Robinhood (HOOD) and $4 million worth of ether ETH$1,958.21 treasury firm Bitmine Immersion Technologies
Kalshi is moving deeper into the sports insurance market after announcing a partnership with sports insurance broker Game Point Capital, according to comments from CEO Tarek Mansour. Summary Kalshi has partnered with Game Point Capital to expand into the $9 billion sports insurance and reinsurance market, which is projected to double by 2030. Game Point
Mirae Asset Group, South Korea’s financial services giant, has agreed to acquire a 92% stake in crypto exchange Korbit for about 133 billion won (around $92 million), mainly by buying shares from major shareholders, including NXC and SK Square. Market observers suggest the deal could prove valuable if South Korea advances its framework for security