Coinbase (COIN) shares surged over 8% after-hours on news of its S&P 500 inclusion. Coinbase will replace Discover Financial in the index effective before market open on May 19. The inclusion marks a significant milestone, giving broad investor/portfolio exposure to a crypto firm. Shares of cryptocurrency exchange Coinbase (COIN) experienced a significant surge in after-hours
The inclusion, effective before trading begins on May 19, will see the crypto major replacing Discover Financial Services in the index. Analysts at Bernstein estimate the move could trigger roughly $9 billion in inflows from passive investment vehicles linked to the S&P 500. At a market capitalization of approximately $52 billion, Coinbase
Coinbase CEO is “optimistic” about Senate passing stablecoin legislation soon, despite recent setbacks. A key Senate vote on the bill failed last week due to Democratic concerns, including potential benefits for Trump. Coinbase is set to join the S&P 500, a move Armstrong calls a sign “crypto’s here to stay.” Coinbase CEO Brian Armstrong conveyed
Attackers bribed support staff to access internal tools. $20M ransom demand redirected into reward fund. New protections live ahead of S&P 500 entry. Coinbase has disclosed a targeted cyberattack involving bribed overseas contractors, resulting in a significant data breach that impacted less than 1% of its monthly active users. While no funds, passwords, or private
Stock slips 6% after report on federal investigation. The regulatory scrutiny comes as Coinbase deals with the aftermath of a cybersecurity breach disclosed earlier in the day. Hackers reportedly stole customer data and are demanding a $20 million ransom. Coinbase confirmed Thursday that the US Securities and Exchange Commission is investigating
Coinbase refused to pay a $20 million ransom after a separate data breach. A class-action lawsuit accuses Coinbase of withholding key risk information. The FCA fined Coinbase $4.5 million for compliance failures tied to the breach. A global spoofing scheme that siphoned off more than $20,000,000 in cryptocurrency by impersonating Coinbase has been dismantled with
JPMorgan Chase cards can be used for crypto purchases on Coinbase this fall. Chase rewards points will be redeemable for USDC starting in 2026. JPMorgan Chase accounts to link directly with Coinbase for easy transfers. In a landmark move signalling the deepening ties between traditional finance and digital assets, Coinbase and JPMorgan Chase have announced
Circle is preparing for its initial public offering, with BlackRock and ARK reportedly interested in acquiring shares. Source link
People think gambling against Polymarket’s Jesus Christ bet is a sure win, but some theorize there’s money to be made betting on his return. Source link
Both parties have already delayed the pre-trial motion submission date twice and have now asked a judge to grant another two-week extension. Source link