The Commodity Futures Trading Commission (CFTC) has issued an emergency order requiring prediction market Kalshi to continue operations despite a lawsuit from New York accusing it of illegal gambling. This federal intervention escalates a jurisdictional battle over whether prediction markets are regulated as derivatives under federal law or as gambling under state law. New York seeks to halt Kalshi's event contracts and impose heavy fines, while the CFTC argues that Kalshi operates as a national derivatives exchange. The dispute highlights growing tensions between federal regulators and states, with courts now facing a key decision on regulatory authority over these markets.
Coinbase Global maintains a Buy rating as it broadens its market with the 'Everything Exchange' strategy, diversifying revenue beyond crypto trading. Although Q2 2026 revenue fell 14% quarter-over-quarter and earnings per share were negative, Coinbas...
Coinbase has launched a new feature allowing eligible U.S. retail traders to request IPO shares at the offer price before public trading begins, starting with Oura's IPO. This move gives retail investors early access to high-interest companies and en...
Bitcoin surged above $86,000 for the first time in eight months, driving a rally in crypto-linked stocks like MicroStrategy, Coinbase, and Marathon Digital. This breakout triggered a $300 million short squeeze and shifted markets into a risk-on mode,...
Cathie Wood's ARK Invest sold about $60 million in crypto-related stocks including Coinbase and Bitmine just days before the SEC introduced an Innovation Exemption that allowed trading of tokenized U.S. equities without full exchange registration. Th...
Ethereum surged nearly 6% following an SEC order that creates a regulated pathway for trading tokenized U.S. stocks, sparking gains in crypto-linked equities like Bitmine, SharpLink, and Coinbase. The SEC's five-year exemption aims to integrate U.S. ...
