News

PANews reported on February 13th that, according to The Block, SEC Chairman Paul Atkins stated at a Senate Banking Committee hearing that prediction markets are a "huge problem" and a shared regulatory focus with Commodity Futures Trading Commission Chairman Michael Selig. Atkins pointed out that prediction markets have "potential jurisdictional overlap," currently primarily under the jurisdiction of the CFTC, but the two agencies will work together. When asked about the development of clear rules, he said "we'll have to wait and see," adding that "securities are securities, and the definition of prediction markets and their products depends on the specific wording." CFTC Chairman Selig stated that he will ensure "reasonable rules and safeguards" are in place for prediction markets to prevent them from being pushed overseas. The question of who has the right to regulate prediction markets has become a focal point of contention between federal and state governments. Operators argue that, under the Commodity Exchange Act, all event contracts should fall under the jurisdiction of the CFTC; while some states argue that these platforms involve activities such as sports betting, violating local gambling laws. Prediction markets have also recently received additional attention due to insider trading allegations and restrictive legislation targeting political betting.

BlockBeats news, on February 13, Coinbase released its fourth-quarter and full-year 2025 financial results after the U.S. stock market closed this morning. Despite the overall downturn in the crypto market, Coinbase achieved multiple historic highs, with trading volume and market share doubling, but Q4 revenue slightly missed expectations and recorded a net loss.Coinbase reported a net loss of $667 million in the fourth quarter, with a loss per share of $2.49, far exceeding analysts' expectations. Total revenue was $1.78 billion, down 5% quarter-over-quarter and approximately 22% year-over-year, falling short of market expectations of $1.83 billion to $1.85 billion. Adjusted earnings per share were $0.66, adjusted net income was $178 million, and adjusted EBITDA was $566 million.Coinbase faced pressure in the fourth quarter but delivered strong full-year performance, with total trading volume reaching $5.2 trillion, a 156% year-over-year increase, crypto trading market share doubling to approximately 6.4%, subscription and service revenue growing 23% to about $2.8 billion, Coinbase One paid subscribers nearing 1 million, and platform assets and USDC balances hitting all-time highs.Coinbase stated that it is advancing its "Everything Exchange" strategy, including derivatives expansion and stablecoin payments. Despite short-term headwinds from the bear market, Coinbase views 2025 as a strong year and remains optimistic about product innovation and market recovery in 2026.

BlockBeats news, February 13th, Coinbase officially announced that the issue where some users were unable to perform buy, sell, or transfer operations has been fixed. The official has not disclosed the cause of the incident yet.

Deep Tide TechFlow reports, on February 12, according to Bloomberg, Delaware Chancery Court Judge Kathaleen St. J. McCormick ruled on February 12, 2026, that Coinbase Global Inc.'s board must disclose deposition records related to an insider trading lawsuit against CEO Brian Armstrong, venture capitalist Marc Andreessen, and other board members. The judge rejected the defense argument that 'witnesses would be less candid if they knew their depositions might be public,' ordering the company's special litigation committee to disclose deposition records of angel investor Gokul Rajaram and the head of the internal investigation legal team, Joseph R. Slights III.

According to Jinshi Data on February 12th, Shenchao TechFlow reports that Citigroup believes the Federal Reserve will begin cutting interest rates starting in May, previously anticipated for March.

BlockBeats News, February 12 – According to The Street, the ripple effects from the chain shock on October 11, 2025, are still reverberating through the crypto market. Today, these impacts are also reshaping the global billionaires list. Following significant declines in digital asset prices and Coinbase’s stock price, Coinbase CEO Brian Armstrong has dropped out of the Bloomberg Billionaires Index global top 500.Armstrong’s net worth has fallen by over $10 billion from its peak of approximately $17.7 billion. The Bloomberg Billionaires Index currently estimates his wealth at around $7.5 billion, placing him outside the world’s top 500 richest individuals.This decline is closely tied to Coinbase’s stock performance. As of press time, COIN stock has dropped about 64% from its high of $419 on July 18, 2025. Meanwhile, Bitcoin has also fallen by roughly half since early October.

PANews reported on February 12th that, according to Jinshi, the unexpected surge in US non-farm payrolls hit the US Treasury market, with traders reducing their bets on a Federal Reserve rate cut this year. Short-term Treasury bonds were hit hardest, with the two-year Treasury yield rising 6 basis points to around 3.51%. The money market now expects the Fed's next rate cut to occur in July, rather than the previously anticipated June. Asian stock index futures diverged after US stocks closed flat. Futures indicated a rise in Japanese stocks after their holiday break on Thursday, while the Australian benchmark stock index contract fell. This volatility suggests that the current strength of the US economy is offsetting market desires for lower borrowing costs, supporting risk sentiment. Bret Kenwell of eToro stated that investors should welcome the US jobs report, even if it gives the Fed more room to keep interest rates unchanged. He noted, "If the labor market does stabilize, that will be constructive for both the economy and the markets."

PANews reported on February 12th that Binance issued a clarification on its X platform: "Coinglass's data showing Binance's outflows has a bug, as its data comes from a third party. DefiLlama has also previously shown discrepancies. Their data will take another 24 to 48 hours to recover. We believe that regularly conducting withdrawal tests on all exchanges is a positive and healthy practice. When conducting withdrawal tests, please carefully verify the addresses. Only make withdrawals after confirming that everything is correct. All platforms should establish an annual 'withdrawal day' to verify the authenticity of their assets."

BlockBeats news, February 12, according to Bloomberg, Coinbase Global Inc. board members on Wednesday failed to block the release of testimony related to an insider trading lawsuit against CEO Brian Armstrong, venture capitalist Marc Andreessen, and other board members.A judge in Delaware's Court of Chancery ordered that the special litigation committee set up by the crypto company must disclose the trial transcripts of two testimonies: one from angel investor and committee member Gokul Rajaram; the other from Joseph R. Slights III, the head of the legal team leading the company's internal investigation into shareholder allegations.Presiding judge, Chancellor Kathaleen St. J. McCormick of the Court of Chancery, rejected the argument that witnesses would be less candid in their testimony if they knew it might be made public.

BlockBeats News, February 12, according to The Block, Paxful Holdings Inc. has been ordered to pay a $4 million fine. Prosecutors stated that this cryptocurrency trading platform profited from lacking anti-money laundering (AML) controls, enabling criminals to transfer illicit funds associated with fraud, prostitution, and sex trafficking.According to a statement released by the U.S. Department of Justice (DOJ) on Wednesday, prosecutors alleged that Paxful was aware its customers were transferring funds from criminal activities.