Coinbase
Is Kamala Harris Accepting Crypto Donations? NYAG Subpoenas VC Giants About Uniswap
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as a Coinbase spokesperson clarifies the crypto donations accepted by the Future Forward USA PAC, a major source of support for Harris. Plus, Robinhood Crypto faces $3.9 million settlement with the state of California and the NYAG office sent subpoenas to VC firms including a16z and Union Square Ventures about Uniswap.
Do Kwon’s Extradition Postponed Yet Again; Coinbase Argues Against CFTC Rules
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, including the delay of Do Kwon’s extradition from Montenegro at the request of the country’s top prosecutor. Plus, Coinbase argues against the CFTC's proposed rules regarding prediction markets, and JPMorgan says positive catalysts have been priced in.
How Coinbase Shares Reacted to Q2 Earnings
Crypto exchange Coinbase reported a $36 million profit in Q2, substantially down from the $1.2 billion registered in the first quarter of 2024. According to Kaiko data, revenues were lower than estimated despite exceeding market expectations, and retail volume declined faster than institutional volume. The results sent the price of COIN down 16% for the week. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Marathon Digital bought $100 million worth of BTC in the open market and said it will readopt its strategy to hold all mined bitcoin on its balance sheet. Plus, India has seen as many as 92 cases involving the dark net and crypto for drug trafficking in the past four years, and Coinbase's CBPL was fined more than 3.5 million pounds by the Financial Conduct Authority.
Biden's Exit Spurs $28M Daily Volume on Polymarket; Swan Bitcoin Drops IPO Plans
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as President Joe Biden’s decision to drop out from the Presidential race fueled a surge in Polymarket volume. Plus, Arkham Intelligence data shows that the U.S. government has transferred 58.742 bitcoin worth nearly $4 million to Coinbase and Swan Bitcoin has pulled its plan to take the company public.
Why This Bitwise Analyst Is Watching Coinbase and Bitcoin Miners
Bitwise Asset Management Senior Investment Strategist Juan Leon joins CoinDesk with insights on the position of bitcoin, ether, and Coinbase shares in a portfolio. Plus, the latest market trends as U.S. Presidential election heats up, and an outlook on the spot SOL ETF applications in the U.S.
SEC's Gensler Pushes Back Against House Bill; Crypto Exchanges Form Coalition to Tackle Scams
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as SEC Chair Gary Gensler pushes back against the FIT21 bill hours before a planned vote on Wednesday, saying that the bill “would create new regulatory gaps." Plus, crypto exchanges Coinbase, Kraken, and other firms have joined an alliance to tackle scams. And, WisdomTree won approval to list crypto ETPs on the London Stock Exchange.
Staking Has Been a Major Liquidity Sink for ETH: Coinbase Institutional
A new research report from Coinbase Institutional reveals that staking has been a major liquidity sink for ether (ETH). Analysts note that the 3 month circulating supply of ETH has not meaningfully increased, despite the surge in price since Q4 of last year. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Tornado Cash's Alexey Pertsev Sentenced to 64 Months in Prison; Meme Coins Rally
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Tornado Cash developer Alexey Pertsev was sentenced to 64 months in prison after being found guilty of money laundering by a Dutch judge. Plus, meme coins rally following GameStop's surge, and Coinbase resumes operation after major outage.
Coinbase's Blowout First Quarter; Could Hong Kong ETFs See $1B AUM by 2024 End?
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including the blowout first quarter of Coinbase where the crypto exchange reported net income of $1.2 billion. Plus, Kraken's indices provider predicts that spot ETF products in Hong Kong will reach $1 billion in AUM by the end of 2024. And, Jack Dorsey's Block doubles down on bitcoin.
