Coinbase stock extended its post-earnings sell-off on Friday, falling more than 12% as weaker trading revenue and a $359 million quarterly loss raised concerns about the exchange’s near-term growth. Summary COIN fell 12.11% to $143.77, extending an initial 5.12% premarket decline. Second-quarter revenue reached $1.22 billion, below Wall Street’s $1.29 billion estimate. The stock broke
Circle has secured a New York trust charter to expand its state regulatory footprint. Summary Circle has received a New York trust charter from the NYDFS for Circle New York Trust. The approval follows Circle’s recent federal trust bank authorization from the U.S. OCC under a separate regulatory framework. Circle said the charter strengthens oversight
Shiba Inu price surrendered much of its 40% breakout after sellers rejected the meme coin near $0.0000058, leaving bulls to defend a newly established support zone around $0.0000045. Summary SHIB price surged nearly 40% before retreating to approximately $0.0000047. Daily ADX climbed to 31.03, confirming that volatility has developed into a stronger directional trend. The
The state is seeking at least $36 billion in damages from the prediction market platform it calls an unlicensed gambling operation, and has filed for a temporary restraining order to halt its contracts immediately. Summary New York Attorney General Letitia James and Governor Kathy Hochul sued KalshiEX on July 31, 2026, in New York Supreme
Quantum Solutions and Hyperscale Data each redirected part of their crypto treasuries toward AI data centers on July 30. Summary 1,000 ETH sale raised $1.9 million for Quantum Solutions’ Japanese AI data center expansion plans. 100 BTC were monetized as Hyperscale Data established a Bitcoin-backed credit facility for Michigan construction. 4,375 ETH sale ceiling leaves
New York has sued Kalshi, seeking to block its prediction markets and recover at least $36 billion in penalties and restitution over alleged violations of the state’s gambling laws. Summary New York has sued Kalshi, seeking to block its prediction markets and recover at least $36 billion in penalties and restitution. State officials alleged Kalshi
Crypto’s next altseason may produce fewer winners as institutional investors direct more capital toward a limited group of tokens, according to Wintermute’s July 30 over-the-counter flow report. Summary 72% of Wintermute’s spot OTC flow came from institutions during the first half of 2026. Institutional token coverage rose 24%, while retail clients expanded their traded universe
U.S. Senate Minority Leader Chuck Schumer introduced the Anti-Corruption Bureau Creation Act on July 30, proposing a federal agency with authority to investigate and pursue executive-branch corruption. Summary Seven Senate-confirmed members would lead the proposed bureau, with subpoena, enforcement and reporting powers nationwide. Trump’s certified disclosure entries totaled over $1.4 billion across crypto-related ventures during
The Senate released 616 pages merging two committee drafts into one bill. Here is what the combined text actually does, section by section. Summary Senate Republicans released updated CLARITY Act text on July 22, 2026, merging the Banking and Agriculture committee drafts into a single 616-page bill with more than 70 pages of new language,
Strategy reported an $8.33 billion second-quarter operating loss after Bitcoin’s 27% decline this year drove a sharp reduction in the value of its digital asset portfolio. Summary Strategy recorded an $8.32 billion unrealized digital asset loss during the second quarter. Its 843,775 BTC were worth $54.77 billion, below their $63.69 billion acquisition cost. The company
