Coinbase (NASDAQ:COIN) is expanding its crypto infrastructure—buying The Clearing Company to internalize $100M/yr prediction-market revenue, joining the Open USD stablecoin on Base and Solana, pushing AI-agent payments and tooling, while fixing an AI alert error and remaining a top industry funder.
Previous Week Recap
- Prediction-Market Clearing In-House: Coinbase (COIN) bought The Clearing Company to bring prediction-market clearing in-house; those markets generated about $100 million annualized revenue within two months.
- Open USD Stablecoin Initiative: Coinbase (COIN) joined the Open Standard consortium launching the Open USD stablecoin, to run on Base and Solana with zero-fee mint/redemption; COIN showed intraday price gains in trading.
- AI Agent Financial Infrastructure: Coinbase CEO Brian Armstrong said Coinbase aims to be financial infrastructure for AI agents, enabling machine-to-machine crypto payments, custody and developer tools for autonomous AI transactions.
- AI Prediction Alert Corrected: Coinbase (COIN) sent then corrected an AI-driven prediction alert that falsely reported Norway beat Brazil 3-2 before kickoff; the firm fixed the error and added safeguards to prevent repeats.
- Fourth-Largest Crypto Funder: Coinbase Global (COIN) ranked as the fourth-largest corporate backer among major crypto funders, behind Ripple and Crypto.com, based on disclosed contribution totals relevant to traders.
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