Gemini Urges CFTC to Withdraw Event Contracts Rule
Gemini’s co-founder argued that platforms like Polymarket which offer unmatched transparency and integrity. The cryptocurrency exchange Gemini has withdrawn a proposed legislation that, if approved would prohibit all event contracts on decentralized prediction markets and has requested its return to US regulators. Gemini noted in a letter to Christopher Kirkpatrick, the secretary of the United […]
Coinbase CEO Teases S&P 500-Style Crypto Fund
Coinbase CEO hinted at a new cryptocurrency index fund, the “Coinbase 500,” aiming to offer diverse digital asset exposure similar to the S&P 500. Coinbase CEO, Brian Armstrong discussed an intriguing new strategy on the most recent earnings call for the company. With the intention of giving individual investors diverse exposure to the cryptocurrency market, […]
Coinbase Stock Recovers 3% With Solid Activity In Q2
Compared to the anticipated $55 million, Coinbase‘s trading revenue from institutional transactions was $63.9 million upon Coinbase stock recovery. In the after-market hours, the COIN stock surged by 3% after crypto exchange Coinbase (NASDAQ: COIN) reported robust earnings that surpassed Street expectations for the second quarter of 2024. The crypto exchange generated an astonishing $1.4 […]
Former Coinbase Employee Secures $5M to Launch LinkedIn Rival
Former Coinbase and Google employees established Icebreaker, an open-source on-chain professional network, to compete with LinkedIn. Former Coinbase and Google employees have raised $5 million to support Icebreaker, an on-chain professional network that aims to be the first open-source platform for professional connections. The platform aims to compete with LinkedIn by developing an on-chain solution […]
ETH Demand Is Lacking Post-Spot Ethereum ETF; Why?
The price of ETH could not surpass the $3,400 resistance level, primarily due to the increased outflows from spot Ethereum ETFs resulting from Grayscale. Despite the introduction of spot Ethereum ETFs in the United States, Ethereum is poised to conclude the month of July with a loss of approximately 1%. The market experienced an immediate […]