By Jack HoughI'll tell you upfront that I'm about to walk us to finance hell and back, to explain an overcomplicated, profoundly risky asset class that you definitely don't need. Also, the name is weird: perps.If there's a payoff for this column, it will come in any of three forms. First, you won't…
Closely followed investor Cathie Wood bought the dip in several crypto stocks during June.Through her Ark Invest asset management firm, Wood bought more than $75 million U.S. worth of beaten down crypto stocks during June.Specifically, Wood bought $44 million U.S. worth of stock in cryptocurrency e…
What Happened? Shares of blockchain infrastructure company Coinbase NASDAQ:COIN jumped 4.1% in the morning session after its participation in a major partnership to launch a new stablecoin called Open USD continued to fuel investor optimism.The stock extended gains from the previous day, when it fi…
What Happened? Shares of blockchain infrastructure company Coinbase NASDAQ:COIN jumped 11.3% in the afternoon session after the company joined a major partnership with financial giants including Visa and Mastercard to launch a new U.S. dollar stablecoin called Open USD (OUSD).The initiative, announ…
Cathie Wood's ARK Invest increased its exposure to artificial intelligence, digital assets and next-generation healthcare during the week of June 22 to 26, while reducing positions in streaming and Chinese technology companies.ARK Invest added to several AI-related holdings, including Cerebras Syst…
Bernstein reaffirmed its Outperform rating on Circle Internet Group and kept its $190 price target, implying 203% upside, a day after CRCL stock closed down 17.5% on the launch of Open USD, a stablecoin backed by more than 140 companies, including Visa, Stripe, Mastercard, BlackRock, and Coinbase.A…
Cathie Wood's ARK Invest increased its exposure to artificial intelligence, digital assets and next-generation healthcare during the week of June 22 to 26, while reducing positions in streaming and Chinese technology companies.ARK Invest added to several AI-related holdings, including Cerebras Syst…
Multi-Asset Trading TerminalsThe integration of traditional equities into crypto venues represents a fundamental paradigm shift in global trading infrastructure. Rather than managing fragmented positions across siloed traditional brokerages and crypto exchanges, modern cross-asset market participan…
Crypto companies have contributed $189 million so far to influence the 2026 U.S. midterm elections, accounting for 37% of the $517 million disclosed in corporate political spending this cycle, according to Public Citizen.The report, published Tuesday by the advocacy organization, identified Ripple…
Former Goliath Ventures CEO Christopher Alexander Delgado pleaded guilty to his role in a crypto investment scheme that prosecutors said raised at least $400 million from investors.On Tuesday, the US Department of Justice (DOJ) said Goliath promised investors monthly returns generated through digit…
Coinbase (COIN) joined 140+ partners launching Open USD, a US dollar stablecoin mintable and redeemable free, reserve earnings shared, no volume caps, launching later this year on
What Happened? Shares of blockchain infrastructure company Coinbase NASDAQ:COIN fell 4.8% in the afternoon session after a broad sell-off in the cryptocurrency market was led by Bitcoin falling below the key $60,000 level.This price drop turned a critical support level into new resistance. The nega…
The US consumer advocacy group Public Citizen on Tuesday reported that the cryptocurrency industry had contributed $189 million toward the 2026 election cycle, following its 2024 playbook.According to a report released Tuesday, the nonprofit organization said that about 37% of all corporate contrib…
Owning exchange infrastructure is becoming a common strategy across prediction markets. Platforms that initially relied on third-party venues are increasingly bringing matching, clearing, and regulatory licences in-house, according to a new note from Bernstein.Infrastructure Is Moving In-HouseDraft…
By Joe LightTech and payments companies including Visa, Stripe, Mastercard and Coinbase Global on Tuesday announced they're part of a consortium forming a new stablecoin called Open USD. The stocks of Circle Internet Group and Coinbase, which partner on a stablecoin threatened by the venture, are p…
On Tuesday, a coalition of major payment, banking, and crypto firms, including Visa (V), Mastercard (MA), Stripe, BlackRock (BLK), and Coinbase (COIN), is backing a new dollar-pegged stablecoin called Open USD (OUSD).The stablecoin was being developed by Open Standard in an effort that would challe…
By Vicky Ge HuangA consortium backed by companies including BlackRock, Google and Coinbase said Tuesday that it is launching a stablecoin.Called Open USD, the new dollar-backed stablecoin is slated to be offered later this year on the Coinbase-affiliated blockchain Base, as well as on Solana and ot…
A consortium including Visa NYSE:V, Mastercard NYSE:MA and Coinbase NASDAQ:COIN on Tuesday launched a new joint stablecoin in a bid to broaden the adoption of the digital tokens.The venture, called Open Standard, brings together more than 140 businesses for the stablecoin network and will issue a n…
ARK Invest extended its buying spree in crypto-linked equities, adding Coinbase, Circle and Bullish while cutting Alibaba and Baidu, as Cathie Wood continues to position for U.S. crypto policy tailwinds.Cathie Wood Doubles Down On CryptoAccording to the firm's daily trade disclosures, the purchases…
Coinbase Global (COIN) launched event contracts and completed acquisition of The Clearing Company, bringing clearing in-house to expand its exchange and prediction-market capabilit
