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Coinbase and the nonprofit GiveDirectly published results from a pilot program that distributed $12,000 in USDC to 160 young adults in New York.
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The Second Circuit Court of Appeals denied a request from Coinbase and Kalshi for an injunction to prevent New York and Connecticut from enforcing state gambling laws against their sports event contracts.
Coinbase has resumed its cryptocurrency staking services for eligible customers in New Jersey after state regulators withdrew a 2023 cease-and-desist order and rescinded a $5 million fine.
Historically, equities and cryptocurrencies have rallied after midterm elections due to reduced policy uncertainty. Bitcoin has gained an average of 54% in the year following past midterms (excluding 2010). However, the article cautions that crypto's short history provides limited data, and Bitcoin's performance may be influenced more by its four-year halving cycle than midterm politics. The regulatory environment under Trump has been favorable for crypto, though potential Democratic control could require more concessions on legislation.
Coinbase representatives joined industry leaders at the third annual Assets on Blockchain conference in New York to discuss the future of financial infrastructure.
Coinbase is successfully transitioning from a pure cryptocurrency trading platform to a diversified digital financial services provider. Q3 2026 results show subscription and services revenues reached $570M (49% of net revenues), with USDC balances surging 49% to $22B and prediction markets exceeding $200M annualized revenue run rate. Despite a 10% decline in crypto trading volumes, the company generated $1.2B in quarterly revenues. However, COIN stock trades at a P/E of 52.06 versus industry average of 13.95, and has underperformed with a 36.1% year-to-date loss. The stock carries a Zacks Rank #3 (Hold) rating.
ARK Invest acquired 64,208 shares of Coinbase Global, Inc. across three of its exchange-traded funds.