Goldman Sachs has raised its price target on Coinbase Global Inc. (NASDAQ: COIN) to $196 from $173, while maintaining a buy rating on the cryptocurrency exchange’s stock. The revision, reported by CNBC, reflects the bank’s view that ongoing improvements in the cryptocurrency market and growth in Coinbase’s newer business lines, including derivatives and prediction markets,
Prediction markets are assigning a meaningful chance that Bitcoin ($BTC) will reach $90,000 by September 1, 2026, following one of the cryptocurrency’s strongest rallies of the year. Data from Polymarket shows traders currently assign an 8% probability that Bitcoin will touch $90,000 before September 1 after the digital asset surged more than 20% in a
Bitcoin ($BTC) fell below $80,000 into Tuesday’s Wall Street open as crypto and gold gave way to gains in US equities. Key points: Bitcoin upside momentum fizzles as $80,000 proves difficult to flip to support. Gold joins $BTC price downside after multimonth highs of $4,697 per ounce as US 30-year bond yields target three-week lows.
Bitcoin surged approximately 25% last week, reaching the $80,000 level, raising questions about whether the market has emerged from a bear market and whether a new bull run has begun. At this point, Galaxy Research has identified a critical level that could indicate a bull or bear market. According to Galaxy Research analysts, Bitcoin’s reclaiming
Renowned technical analyst and Factor LLC CEO Peter Brandt has publicly challenged the reliability of Binance’s trading infrastructure. The industry veteran’s criticism was prompted by a deep, isolated anomaly in Bitcoin’s price. During trading on Saturday, Aug. 22, a localized price dislocation triggered a cascade of forced liquidations and knocked out retail clients’ protective orders,
Digital asset manager Bitwise said it is offering automated portfolios of tokenized stocks, allowing eligible investors to hold and automatically rebalance baskets of U.S. equities directly in their crypto wallets. The products, called Automated Token Portfolios (ATPs), use Coinbase’s recently debuted tokenized U.S. stocks, with portfolio technology provider Glider handling the rebalancing based on models
Arcus, a decentralized exchange (DEX) built by the team behind dYdX, has launched a protocol on Robinhood Chain that converts perpetual futures positions into transferable ERC-20 tokens and allows tokenized stocks to be used as collateral for leveraged trading. The launch includes products such as pBTC3x and pHOOD3x, offering 3x exposure to Bitcoin and Robinhood’s
A national study released by the Bitcoin Policy Institute (BPI) shows that Bitcoin’s most repeated selling line, which is that it works as “digital gold,” barely lands with everyday Americans. Studies by the Bitcoin Policy Institute and the Cleveland Federal Reserve Bank suggest that Bitcoin’s growth runs on storytelling and trust. What will make Americans
The9’s second-quarter profit was driven by accounting for its 9BIT token holdings rather than its operating businesses, with one fair-value gain alone exceeding the company’s bottom line. The Nasdaq-listed company reported $32.4 million of net income for the quarter ended June 30, up from $22.6 million in the first quarter. Yet The9 recorded only $712,000
A trio of former executives from Danish digital bank Lunar has decided that spreadsheets and human-only bookkeeping have run their course. Together with a professional auditor, they’ve raised €8.2 million to build Repodo, a startup betting that artificial intelligence can finally break into the notoriously conservative audit market, starting with small businesses in Denmark rather