Coinbase Reports 8.6% Record Market Share and $200 Million Derivatives Revenue
Key Takeaways Coinbase reached 8.6% crypto trading volume market share, setting a new company high. Derivatives adoption lifted retail annualized revenue above $200 million, expanding Coinbase’s revenue mix. Base and USDC activity could further strengthen Coinbase’s role in digital payments….
Kalshi Hits $22 Billion Valuation After Massive $1 Billion Series F Funding Round
Key Takeaways Kalshi raised a $1B Series F led by Coatue, doubling its valuation to $22B to target institutions. As institutional trading volumes surged 800%, Kalshi’s annualized volume reached a massive $178B. Next, Kalshi will use the $1B to build…
CLARITY Act Draft Circulates Ahead of Potential Senate Vote, Report
Key Takeaways Senate Banking leaders reportedly circulated the CLARITY Act draft text before a potential Thursday committee vote. Unresolved bracketed sections, ethics language, and stablecoin rewards remain key sticking points. Polling found 52% of voters support the CLARITY Act after…
Bitcoin Drops Below $80K as Iran Rejects Trump Deal and Traders Dump $91M in Longs
Key Takeaways Bitcoin fell below $80,000 on May 7, erasing weekly gains after hitting a high of $82,833. Volatility triggered $270 million in liquidations and pulled the crypto market cap to $2.74 trillion. Concerns mount that President Trump may pivot…
South Korea Pushes 22% Crypto Tax on Gains Above $1,850 Starting in January
Key Takeaways Moon Kyung-ho of the Finance Ministry confirmed virtual asset taxation will begin on Jan. 1 next year. Over 13.26 million investors face a 22% tax on virtual asset gains exceeding 2.5 million won. The NTS is drafting final…
DOJ, CFTC Probe $2.6B Oil Trades Before Trump and Iran Statements: Report
Key Takeaways Federal investigators are examining oil futures trades totaling more than $2.6 billion. Large bets preceded Iran-related updates that appeared to move global oil prices. Authorities are reviewing whether nonpublic information influenced the timing and scale. DOJ and CFTC…
Core Scientific Buys Polaris Bitcoin Mine for $421M Oklahoma AI Power Expansion
This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The company said Tuesday it plans to scale its…
Hut 8 Surges 30% After Landing Second AI Data Center Lease Worth $9.8 Billion – Bitcoin News
This article first appeared in The Energy Mag. The original article can be viewed here. The Energy Mag (formerly The Miner Mag) provides news, data, and insights on the energy–compute–markets nexus. The Miami-based company said it signed a $9.8 billion…
CCP Games Rebrands, Partners with Google DeepMind in $120M Buyout of EVE Online Developer
CCP Games, the developer of the spaceship MMORPG EVE Online and web3 game Eve Frontier, has transitioned into an independent entity and rebranded as Fenris Creations following a $120 million USD buyout from former parent company Pearl Abyss. The transaction,…
Toncoin Jumps 32% in 24 Hours as Pavel Durov Pushes Telegram Deeper Into TON
Key Takeaways Pavel Durov announced Telegram will replace the TON Foundation as the network’s largest validator. Toncoin (TON) surged 32% to $2.89 by May 7, 2026, as market caps hit $7.6 billion and flipped LINK. Integration with hundreds of millions…
