Coinbase

Coinbase has been authorized by the UK's FCA to offer equities and derivatives to users, aligning with its goal of creating an 'everything exchange' that combines crypto and traditional financial products.

Coinbase obtained a UK investment services license to offer derivatives and equities trading alongside cryptocurrency services. The expansion allows the company to provide additional financial products in the UK market.

Coinbase has obtained authorization in the UK to offer traditional investments in addition to cryptocurrency services. The move allows the company to expand its financial offerings to UK customers.

Companies are shifting from tokenmaxxing to modelmaxxing, optimizing AI costs by routing tasks to appropriate models. Engineers like Morgan Linton of Bold Metrics direct teams to use specific AI models for efficiency, while companies like Uber and Microsoft adjust budgets. Model switching prioritizes cheaper models for routine tasks and pricier ones for complex work.

Open Standard launched Open USD, a stablecoin backed by over 140 financial institutions and technology partners, including Visa, Mastercard, and Stripe. The stablecoin aims to create a shared infrastructure for tokenized dollars, with governance managed collectively by a board of partner organizations. Its economic model allows partners to mint and redeem tokens at no cost while sharing reserve earnings after a management fee.

Crypto firms contributed $189 million to the 2026 midterms, with Ripple, Crypto.com and Coinbase leading corporate donations.

Circle's stock declined as Coinbase, BlackRock, and Visa announced support for the forthcoming Open USD stablecoin. Coinbase is a key backer of Circle's USDC.

Visa, Mastercard, and over 140 companies, including Stripe, BlackRock, and Coinbase, launched Open USD, a dollar-pegged stablecoin designed to redistribute stablecoin market economics. The project aims to challenge existing stablecoins like USDC and USDT by offering no fees and sharing reserve income with users, managed by an independent organization.

ARK Invest added $43.5 million in crypto stocks, primarily purchasing Coinbase and Circle, which have seen their shares decline by 17% and 27.6%, respectively, over the past month.

Ark Invest purchased $6.85 million in Coinbase, $6.21 million in Circle Internet Group, and $3.54 million in Bullish as the stocks rallied higher. The investments reflect growing confidence in cryptocurrency-related companies.

Coinbase, Kraken, and OKX are targeting EU users affected by MiCA restrictions by offering transfer bonuses and prizes. These exchanges, authorized under EU regulations, aim to attract users from unlicensed crypto platforms.

Coinbase's CEO Brian Armstrong outlined five strategies to reduce AI spending while maintaining token usage, including using Chinese LLMs as defaults and optimizing model routing. The goal is to sustain growth without stifling engineer experimentation.

Coinbase and Circle have experienced steeper losses compared to Oracle, Netflix, and Salesforce, illustrating the growing disparity between crypto equities and the broader market. The crypto stock slump continues to widen the gap with Big Tech companies.

Coinbase and OKX are attempting to attract users from Binance in the European Union after Binance failed to obtain a MiCA license. The failure to secure the license has prompted competitors to target Binance's EU customer base.

Coinbase's blockchain Base experienced a 2-hour outage due to a consensus problem on Thursday before resuming block production. The network has since returned to normal operations.

Mark Cuban advised AI companies to spend billions to support towns and cities affected by AI-driven job losses, calling it a 'cost of doing business.' He criticized AI firms for failing to prioritize people and losing public relations battles, urging direct engagement with creatives and workers to address concerns.

Ark Invest has purchased additional shares in Coinbase, Circle, Bullish, and Robinhood as their stock prices decline. Cathie Wood highlighted that inflation is decreasing, attributing this trend to rising productivity as a disinflationary force.

Ethereum layer-2 network Base, backed by Coinbase, experienced over two hours of downtime due to a block production issue ahead of a planned upgrade. The network has since recovered.

Coinbase's Base blockchain experienced a two-hour outage that disrupted the network. The blockchain has since resumed operations.

Palo Alto Networks CEO Nikesh Arora states 90% of enterprise employees lack AI skills, prompting companies to reduce roles in HR and marketing. Arora highlights Palo Alto's strategy of hiring technical staff through hackathons instead of mass layoffs, contrasting with approaches by Coinbase and Block leaders Brian Armstrong and Jack Dorsey.

Fintech company Slash reported an employee spent $80,000 in AI tokens coding a 'brainrot shooter game,' which the company now promotes as a potential marketing expense. The employee, Nicolas Brilliante, admitted it was an accident, and the incident highlights growing scrutiny of AI spending in companies like Uber, Coinbase, and Walmart.

CBOE is considering converting Bitcoin (BTC) and Ethereum (ETH) continuous futures into perpetual futures as U.S. regulatory changes drive adoption of crypto perpetual futures. Competitors like Coinbase and Kalshi are also expanding their offerings, prompting Cboe to evaluate a product overhaul.

President Trump signed two executive orders to advance U.S. quantum computing capabilities and accelerate adoption of post-quantum cryptography by 2031. The measures aim to address risks posed by quantum computers to cryptographic systems, including Bitcoin's security, which could face vulnerabilities if private keys are reverse-engineered.

Harvey's CEO Winston Weinberg reported the company's AI token usage increased from 1 trillion in January to 12-13 trillion in May. He emphasized the need for cost-efficient AI deployment, comparing challenges to law firms' billable hours model.

CME Group plans to sue the Commodity Futures Trading Commission (CFTC) over its approval of Bitcoin perpetual futures, arguing the products should be classified as swaps under the Dodd-Frank Act. The CFTC approved Kalshi and Coinbase to offer these contracts, asserting they bring crypto derivatives under U.S. regulation. CME claims the CFTC bypassed standard review procedures and that perpetual futures require different regulatory treatment.

Kentucky has filed a lawsuit against Polymarket, Kalshi, and their partners Coinbase, Robinhood, and Webull, alleging the offering of sports event contracts in the state. The case involves legal challenges to prediction market activities.

Ark Invest purchased $18 million worth of Coinbase shares while selling $29 million in Robinhood. Coinbase's stock closed down 2.57% at $164.92, whereas Robinhood's stock rose 8.78%.

CoinFund and Coinbase have backed stablecoin infrastructure startup Trace Finance in a $32 million Series A funding round to expand its operations.

Satori Finance, a Coinbase-backed crypto perpetuals exchange, is shutting down amid an extended market downturn. It is the latest crypto firm to close operations due to ongoing market challenges.

Coinbase is expanding beyond cryptocurrency by introducing non-crypto products such as stocks, perpetual futures, and AI. The article highlights the diminishing boundary between crypto and traditional finance (TradFi) as a result of these efforts.

Benchmark has reiterated a Buy rating on Coinbase, highlighting its expansive product rollout and a $270 price target, indicating the company is moving beyond a cyclical crypto brokerage.

Coinbase is enabling ACATS stock transfers, allowing users to move stock portfolios, as the crypto exchange expands its trading products beyond digital assets into traditional finance.

Coinbase, a publicly traded crypto exchange, is expanding its services to include tokenized stock trading and crypto and equities options as part of its goal to become the 'everything exchange.'

Coinbase has released a System Update featuring an AI-powered advisor and global unified liquidity across its U.S. and international platforms. The update also includes options trading and other enhancements.

Coinbase introduces an AI advisor, stock options, and pre-IPO markets as part of a finance push. The updates aim to expand the platform's financial services offerings.

Robinhood announced layoffs of 290 employees, a 10% reduction in its workforce, to streamline operations and avoid a 'heavily-layered' structure. The company cited financial strength, including a $350 million Q1 profit and $1.07 billion in revenue, while other crypto-related firms like Coinbase and Algorand also reported layoffs amid a downturn in digital currency trading.

Binance, the world's largest cryptocurrency exchange, faces potential rejection of its MiCA license application in Greece, which could force it to exit the European Union market by July 1. The exchange claims compliance with MiCA standards but has not received formal denial from Greek regulators, while rivals like Coinbase and Kraken have already secured licenses under the new framework.

Coinbase and AWS are enabling publishers using CloudFront and WAF to charge AI agents for content via the x402 protocol. The collaboration allows for monetization of content accessed by AI agents through these cloud services.

The Enforcement Directorate has filed a prosecution complaint in a $20 million crypto fraud case. The accused and associates allegedly created fake websites mimicking Coinbase to steal victims' login credentials and personal details.

Animoca Brands cofounder Yat Siu argues Asia will lead in integrating AI and blockchain before the West, citing Asia's comfort with money and the West's polarization between capitalism and anti-capitalism. He highlights blockchain's role in enabling autonomous AI transactions and criticizes credit card companies for high fees compared to on-chain transactions.