Coinbase

The upcoming week of crypto news focuses on several key developments, including the Coinbase-Circle USDC collaboration and analysis of FOMC minutes. Market attention will also be given to global economic indicators such as oil prices.

Researchers warn that quantum computers are advancing to a point where they could undermine cryptographic assumptions protecting digital assets. Experts indicate that over $2 trillion in crypto secured by elliptic curve cryptography is vulnerable and requires a 'great quantum migration.' The industry must replace its cryptographic infrastructure before sufficiently powerful quantum computers arrive.

Coinbase CTO Rob Witoff uses an internal beta AI tool called "Coinbase Coach," which analyzes company data sources like Slack messages and Google Docs to provide feedback on employee performance. This coaching tool provides private advice intended to improve efficiency, and the resulting reports are not used in performance reviews or available to managers. The use of such tools is part of a broader effort at Coinbase to help employees automate tasks and optimize work.

Serena Williams is focusing on mentoring young founders in the VC chapter of her career, noting that she has had to learn mentorship herself. She attributes key leadership skills by comparing how thriving in sports translates to business success and stressed the importance of being accessible. When advising her daughters, she wants them to understand that achieving success requires consistently hard work.

Coinbase has selected Abu Dhabi to spearhead its global effort concerning tokenized assets. This move outlines a significant strategic push by Coinbase into this new market area.

Coinbase has opened derivatives trading in the UK market. This offering includes futures, perpetuals, and options spanning various asset classes. These products cover crypto, commodities, equities, and FX, but service is restricted to professional investors.

Coinbase has launched derivatives, including perpetuals, futures, and options. These services are available to professional clients in the UK. This rollout follows Coinbase successfully obtaining its MiFID license.

Coinbase is launching 24/5 US stock trading services specifically for UK users, which advances its 'Everything Exchange' strategy. Keith Grose, Coinbase UK CEO, stated that this launch represents a broader push by the exchange to bridge traditional and onchain finance.

Uber’s CTO announced that the company is exiting its 'tokenmaxxing' era, an AI trend focused on maximizing usage. Although AI adoption has quadrupled, Uber plans to prioritize efficiency and cost management through strategies like improving prompt caching and using open-weight models. This shift reflects a broader industry move away from inflated spending towards better returns on investment.

Circle has partnered with Visa, Mastercard, and BlackRock as validators for its September Arc launch. The company's USDC distribution deal with Coinbase has been renewed on existing terms, and Arc's testnet has processed half a billion transactions.

Saylor’s Strategy, Coinbase, and Morgan Stanley have pledged contributions to Trump Accounts, which will invest in mutual funds or ETFs tracking the S&P 500 or another U.S. equity index.

Robinhood and Coinbase experienced a decline in crypto trading activity alongside broader market conditions. Robinhood managed to offset this weakness while Coinbase's activity remained linked to the trading cycle.

Arena's CEO reported that AI-generated fake job candidates passed technical interviews before disappearing during hiring, prompting the company to consider in-person onboarding. The FBI warned in 2025 about North Korean workers using AI to secure remote U.S. jobs and steal data, leading companies like Coinbase and Amazon to implement verification measures.

Cathie Wood’s Ark Invest purchased nearly $10 million in Coinbase and Circle stock. The firm also sold a small amount of Solmate stock as part of ongoing fund rebalancing amid market volatility.

AI consultants recommend using expensive frontier models for complex planning tasks and cheaper models for execution to optimize AI spending. This approach aims to improve ROI by reserving high-cost models for strategic work and delegating routine tasks to more affordable alternatives.

The Senate is set to recess this weekend, leaving limited time to pass the CLARITY Act, a crypto regulation bill that received bipartisan support in the House in 2025. The bill aims to grant federal agencies enhanced powers to monitor digital assets, and Coinbase Vice Chair Ryan VanGrack expresses optimism about its potential passage before the recess.

The Proof of Attendance Protocol (POAP) is shutting down after over five years of operation. Approximately 46,210 issuers, including Coinbase and American Express, used POAP to create onchain mementos for users to mint.

BitGo has launched BitGo Link, a service that connects clients to cryptocurrency exchanges like Coinbase, Kraken, and Crypto.com. The platform offers a single interface for managing digital assets held both in BitGo custody and on centralized exchanges.

A poll by Focaldata for Coinbase found over half of Americans would feel more protected if Congress passes the cryptocurrency industry’s top legislative priority. The poll also revealed 36% of Americans would be more likely to support a candidate backing the bill, with 38% of likely Democratic voters and 41% of likely Republican voters sharing this view.

Bitcoin reached $62,000 while Coinbase's premium experienced a 77-day negative streak. The discount indicates US spot buyers are less aggressive than overseas traders, despite positive US Bitcoin ETF inflows in July.

New York officials sued prediction market platform Kalshi, alleging it operates as an illegal, unlicensed gambling platform. The state seeks to halt Kalshi's operations, forfeit its profits, and impose fines, while Kalshi argues it is federally licensed and regulated.

Wall Street lowered Coinbase's financial targets following its second-quarter earnings report. Analysts remain divided on the company's future growth prospects beyond crypto trading.

Coinbase’s Chief Policy Officer, Faryar Shirzad, stated that younger Democrats support the Clarity Act, a bipartisan bill aimed at regulating digital assets, despite opposition from some older Democrats. He emphasized the bill’s bipartisan nature and predicted its passage due to growing public interest in crypto.

Coinbase's revenue fell to $1.2 billion, missing Wall Street's $1.3 billion forecast for the third consecutive quarter due to a crypto market downturn. The company's stock price declined following the earnings report.

New York sued prediction market platform Kalshi, alleging it operates as an 'illegal, unlicensed gambling operation' and seeking to halt its activities and seize profits. The lawsuit, filed in Manhattan's state Supreme Court, is part of a broader dispute over state versus federal regulation of prediction markets, with Kalshi and other platforms asserting federal licensing protects them from state oversight.

New York officials sued prediction market platform Kalshi, alleging it operates as an illegal, unlicensed gambling platform. Kalshi claims it is federally licensed and that states have no authority to regulate it, while New York argues it violates state gambling laws by allowing underage betting and avoiding taxes. The state seeks to halt Kalshi's operations and confiscate its profits.

Coinbase shares fell after the crypto exchange reported disappointing second-quarter results, marking the third consecutive quarter of missing revenue and earnings forecasts.

Coinbase reported lower quarterly revenue and a net loss in Q2 due to declining crypto trading activity. However, its subscription, stablecoin, and lending businesses continued to show growth.

Coinbase shares slipped after Q2 results despite prediction markets doubling and record trading market share. The company reported that 88% of its net revenue now comes from sources other than bitcoin spot trading, with its share of global crypto volume growing.

Coinbase reported Q2 profit that fell short of estimates despite achieving record crypto market share. The company attributed the earnings miss to softer spot trading and low volatility but noted growth in derivatives, stablecoins, and tokenized finance.

Coinbase's stock price dropped 5% after the company missed its second quarter revenue estimates.

The American Bankers Association CEO supports the Crypto Clarity Act but calls for revisions to address stablecoin yield concerns. Lawmakers aim to pass the bill before August recess, facing opposition from critics like Senator Elizabeth Warren. Coinbase withdrew support over stablecoin yield disagreements, while major banks explore blockchain-based products.

Coinbase is experiencing a decline in spot trading activity, leading Wall Street to lower its earnings expectations for the company.

Coinbase aims to become Canada’s ‘everything exchange’ but emphasizes the need for clearer regulatory rules to proceed. The cryptocurrency exchange seeks to expand its services in the Canadian market under a more defined legal framework.

Coinbase and Robinhood are competing ahead of their Q2 earnings reports, with Robinhood positioned as the industry’s potential 'first hyperscaler' due to momentum in sectors like prediction markets and tokenized finance. Coinbase faces challenges from its underperforming blockchain strategy and declining non-trading revenue, while Robinhood’s higher market cap suggests investor confidence in its growth potential.

A strategy is favoring cash and STRC over BTC as crypto prices broadly decline following a memory stock slide. Coinbase introduces a meme-related feature, and the Fomo app achieves a new all-time high.

Coinbase's Chief Policy Officer, Faryar Shirzad, praised the Crypto Clarity Act as 'extraordinarily bipartisan' and expressed optimism about a potential vote soon. Some Democrats and banking officials have raised concerns about the bill's current form, particularly regarding stablecoin yields and ethics issues, but Shirzad argued that banks are already adopting crypto technology.

Coinbase CEO Brian Armstrong argues that crypto firms shifting focus to AI is 'zero-sum' thinking, emphasizing that crypto serves as foundational infrastructure for AI. He states AI agents will require cryptocurrency to enable autonomous transactions.

American tech professionals are increasingly adopting Chinese AI models like Moonshot's Kimi K3 and Z.ai's GLM-5.2 due to their affordability and efficiency. U.S. companies such as Coinbase are switching to these models to reduce costs, despite frustrations from U.S. tech giants and political concerns over potential intellectual property violations.

Coinbase CEO Brian Armstrong criticizes crypto startups that rebrand to AI. The article highlights his disapproval of this trend among cryptocurrency companies.