Multicoin just bet nine figures that a decentralized derivatives exchange can outmaneuver both Coinbase and the CFTC at the same time. Multicoin Capital invested over $100M in Hyperliquid's HYPE token, marking one of the largest institutional bets on a decentralized exchange this cycle
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When the house takes a 71% pay cut, the game itself is broken. Kraken's parent company Payward saw adjusted pretax earnings collapse 71% to $23 million in Q2 as crypto trading volumes dried up across the industry
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The most honest feedback you'll ever get might come from something that doesn't worry about getting fired. Coinbase launched "Coinbase Coach," an AI agent that analyzes internal data — Slack, Google Docs, meeting transcripts, Github — to give employees private performance feedback
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While Polymarket was busy hiring sports prediction talent, Baltimore's mayor was writing a lawsuit that could force every prediction market to choose between sports coverage and staying legal.
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The Winklevoss twins are burning through nine figures a year to prove crypto exchanges can be public companies, and the market just told them it's not buying it yet. Gemini shares dropped 7% to $4.00 after reporting a Q2 net loss of $107.7 million, despite revenue climbing 37% to $45.5 million
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The Federal Reserve's ability to gatekeep the entire banking system for crypto firms now hinges on nine justices.
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While the industry chases trading volume, Bullish just proved you can lose a quarter-billion dollars and still have Wall Street cheering. Bullish posted a $280 million Q2 loss, mostly from a $244.6 million bitcoin markdown, yet shares jumped 10-14% on the news.
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DeFi protocols used to want you to know they were DeFi protocols. Now they're hiding the wiring. Ether.fi just launched tokenized stocks, metals, fiat accounts, and Aave-powered portfolio loans, positioning itself as a crypto neobank that deliberately downplays the crypto part.
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When your trading volume craters 44% but subscription revenue hits record highs, you're not pivoting by choice anymore. Bullish posted a $280 million Q2 net loss as digital asset sales dropped 44% year-over-year
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The asymmetry is stark: nation-state hackers probe Bitcoin's defenses with unrestricted frontier AI models while the companies securing $1.7 trillion in on-chain value hit guardrails.
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The regulators finally noticed people are betting real money on fake internet markets, and they're not happy about how those markets found their customers.
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The hardware wallets people bought to avoid exchange hacks just became the target. Hackers drained $130 million in Bitcoin from roughly 7,300 Coldcard hardware wallets, devices specifically designed for offline storage
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When your crypto revenue drops 30% in a year, you don't double down on tokens. You buy a brokerage and pivot to equities. eToro is acquiring US brokerage TradeZero for up to $231 million, with the deal expected to close in H1 2027 pending regulatory approval
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The same corporate treasuries that made Bitcoin respectable are now writing checks for GPU clusters instead. Bitcoin slipped below $64,000 as corporate capital rotates from crypto reserves to AI infrastructure investments
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The tokenization hub race just got a new frontrunner, and it's not in Switzerland or Singapore. Coinbase secured approval from Abu Dhabi's Financial Services Regulatory Authority (FSRA) to establish an international tokenization hub in Abu Dhabi Global Market (ADGM)
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The UK just became the first Western market where retail crypto rails meet institutional derivatives infrastructure under one roof. Coinbase opened derivatives trading in the UK with up to 50x leverage for professional investors, covering crypto, commodities, equities, and FX
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The first major trading platform to ship a blockchain just beat every crypto-native team at their own game. Robinhood Chain generated $3.6M in revenue during its first month, topping all Ethereum Layer-2 networks in the same period
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Robinhood just proved you can sell stocks AND dog coins on the same chain without anyone questioning your life choices. Robinhood Chain hit 420,000+ RWA holders in six weeks, making it one of the fastest-growing tokenized asset platforms in crypto history
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BlackRock just made Bitcoin exposure the default setting for mainstream equity investors who never asked for it. BlackRock Canada launched IBQT, a global equity ETF with a 3% Bitcoin allocation baked in through their Canadian iShares Bitcoin ETF
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While retail panicked and sold, BlackRock quietly built a Bitcoin position larger than most countries' sovereign wealth funds. BlackRock's IBIT captured 81% of $853M in Bitcoin ETF inflows during a four-day streak, with $604M flowing in while retail investors panic-sold
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