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‘Keeping All Options Open’
During the company’s earnings call for the fourth quarter of 2025, Armstrong was asked whether the cryptocurrency giant has plans to build its own prediction market venue.
“It’s not an exclusive arrangement,” he said, referring to the partnership with Kalshi. “We also have the ability to launch our own markets. Nothing to announce on that at the moment. But, you know, we’re keeping all options open.”
Prediction Markets Explode During Super Bowl LX
Coinbase rolled out the prediction market service in all 50 states last month, just in time for Super Bowl LX.
Kalshi CEO Tarek Mansour revealed earlier this week that Super Bowl LX volume surged…
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Popular non-fungible token collection Pudgy Penguins (PENGU) announced the opening of a Valentine’s Day pop-up shop in New York City on Thursday to celebrate love and friendships.
It’s That Time Of The Year
Pudgy Penguins’ X account posted a video showing a pink-themed space at 55 Delancey Street, with crowds queuing up outside.
A costumed “Pengu,” the mascot of Pudgy Penguins, was greeting visitors outside. Inside, heart-shaped displays glowed alongside soft toys and plush bouquets, with couples’ photo booths, real-life photo ops, and drinks and treats.
The pop-up store will run from Thursday to Saturday, each day from 12 p.m. to 6 p.m.
Earlier this week, Pudgy Penguins unveiled…
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Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong said Thursday that the company’s karaoke-style advertisement during Super Bowl LX was a deliberate bid to draw people’s attention in a crowded market.
Armstrong Defends Ad Choice
In an X post, Armstrong called the Super Bowl an “overwhelming” event where even getting noticed could be challenging due to fierce competition for viewers’ eyeballs.
“The first step is even being noticed. Only then have you bought the right to get them interested in the next step: crypto,” Armstrong said, in response to criticism that the advertisement missed educating viewers about cryptocurrency.
The cryptocurrency mogul said Coinbase is…
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Leading cryptocurrencies extended losses alongside the stock market on Wednesday, as investors brace for crucial consumer inflation data.
Painful February Continues
Bitcoin oscillated between $65,000 and $68,000, while a low 24-hour trading volume suggested a lack of strong buying interest to push the price higher. Ethereum briefly broke below its support at $1,900, but quickly reversed.
The two blue-chip coins have had it rough in February, with Bitcoin declining 16% already, and Ethereum down more than 20%.
Over $250 million was liquidated from the market in the last 24 hours, according to Coinglass, with $179 million in bullish long bets alone wiped out.
Bitcoin’s open interest slid…
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Dogecoin (CRYPTO: DOGE) co-founder Billy Markus publicly slammed Elon Musk’s X algorithm, prompting Musk to admit he doesn’t love it either.
The Algorithm Fight
Markus, who goes by Shibetoshi Nakamoto on X, wrote “I really really f***ing hate the current X algorithm.”
Musk responded a few hours later: “Don’t love it either. Working on improvements.”
Markus then explained his core complaint. Any algorithm that breaks the implicit contract of social media—showing your followers your content and showing you content from accounts you follow—is a failure.
He argued metrics should track what percentage of posts actually reach followers.
The criticism carries weight because…
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Cryptocurrency trading platform company Coinbase Global (NASDAQ:COIN) reported fourth-quarter financial results Thursday after market close.
Here are the key highlights.
Coinbase Q4 Earnings
Coinbase reported fourth-quarter total revenue of $1.78 billion, down 5% quarter-over-quarter. The revenue total missed a Street consensus estimate of $1.85 billion, according to data from Benzinga Pro.
The company reported 66 cents in adjusted earnings per share for the quarter, beating a Street consensus estimate of 64 cents per share.
The company’s transaction revenue in the quarter was $982.7 million, down from $1.56 billion in last year’s fourth quarter and down from $1.05 billion in the third…
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Bitcoin (CRYPTO: BTC) dropped below $66,000 on Thursday amidst a broader macro-driven sell-off, pushing market sentiment deeper into “Extreme Fear.”
Notable Statistics:
Coinglass data shows 119,529 traders were liquidated in the past 24 hours for $281.74 million.
SoSoValue data shows net outflows of $276.3 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ET’Fs saw net outflows of $6129.2 million.
In the past 24 hours, top losers include MYX Finance, LayerZero and Uniswap.
Notable Developments:
Trader Notes: Trader KillaXBT highlighted liquidation data showing a cluster of low-leverage long stops between $63,700 and $65,000, with a larger pocket of low-leverage short…
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Thailand is taking a major step toward integrating digital assets into its regulated financial markets.
The country’s Cabinet recently approved a proposal allowing digital assets, including cryptocurrencies and tokens, to be used as underlying assets in the derivatives and capital markets. The decision reflects a growing recognition that digital assets are evolving beyond speculative instruments into a legitimate asset class capable of reshaping capital markets.
Nirun Fuwattananukul, chief executive of Binance Thailand, described the move as a “watershed moment” for the country’s capital markets. “It sends a strong signal that Thailand is positioning itself as a…
Read more on BitcoinMagazine
XRP (CRYPTO: XRP) has gained 9% over the past seven days, outperforming much of the broader crypto market, as institutional developments and ecosystem upgrades boosted sentiment
Evernorth Plans To Leverage XRP Lending Protocol
Evernorth announced it intends to integrate the upcoming XRP Lending Protocol (XLS-66) into its digital asset strategy, aiming to unlock yield opportunities for institutional XRP holders.
While XRP has historically been used for payments and cross-border settlement, it has lacked a native yield-generating mechanism for idle holdings.
The proposed lending protocol seeks to address that gap by enabling holders to deposit XRP into Single-Asset Vaults (SAVs), facilitating…
Read more on Benzinga