New Jersey regulators have officially withdrawn a 2023 order that barred residents from staking new funds on Coinbase. The rescission removes a $5 million penalty, though four other states continue to restrict the service.
Despite a massive $6.3 billion security breach at Binance, Bitcoin maintained crucial technical support levels and registered minimal weekly losses.
Major digital asset firms report their third-quarter earnings this week following a period of rising cryptocurrency prices. Analysts project mixed results across payment processors, stablecoin issuers, and mining operations.
Visa reported a $25 billion annualized stablecoin settlement run rate, representing a tenfold increase year-over-year. The network now supports five distinct stablecoins across ten separate blockchains.
Cryptocurrency exchanges Coinbase and Bithumb have reported separate data security incidents involving an external vendor and an internal employee system.
CME Group is actively suing the CFTC to reclassify crypto perpetual contracts as swaps. The legal dispute focuses on funding rate mechanics and could dictate future regulatory standards for digital asset derivatives.
The S&P 500 earnings yield closed at 5.28 percent, crossing a historical threshold associated with market rallies. Portfolio managers simultaneously executed a major sell-off of EMXC holdings.
Shares of Essential Properties Realty Trust have fallen by roughly 14 percent, bringing the forward P/E ratio to 11.9x ahead of the next earnings report.
Polygon Labs is acquiring Coinme to establish a direct presence in the mainstream payments industry and compete with traditional giants like Visa and Stripe. The acquisition aims to capture intermediary revenue and drive the company toward profitability by next year.
Life Time recorded a 15% market correction, creating potential upside. Future market performance relies entirely on the upcoming Q3 earnings results.