News linked to both this project and an event.
Venice AI founder Erik Voorhees announced on Wednesday that the company has completed its first external funding round, raising $65 million at a $1 billion valuation. The round was led by Dragonfly, with participation from North Island Ventures, Coinbase Ventures, Archetype, Liquid2 Ventures, and Morgan Creek. Launched in May 2024, Venice AI is a privacy-focused AI chatbot alternative platform designed to prevent storing user conversations on centralized company servers. Voorhees stated that Venice AI has surpassed 3 million users and has already achieved profitability in the first quarter. Voorhees said the new capital will be used to expand the Venice platform, which provides access to major open-source and proprietary AI models through a single interface and API. The annual issuance of Venice AI's native token, VVV, was reduced to 3 million tokens on Wednesday, used to reward token holders who support the network by staking VVV.
European cryptocurrency exchange WhiteBIT has announced the launch of a new market category, TradeFi. Users can now trade over 45 perpetual contracts tied to the price movements of commodities, stocks, and ETFs within a crypto trading interface. TradeFi uses USDT as margin and settlement currency, enabling users to trade relevant contracts through a single WhiteBIT account. The underlying assets cover gold, silver, crude oil, natural gas, copper, as well as stocks like Apple, Microsoft, Nvidia, Tesla, Coinbase, Robinhood, and certain market ETFs. WhiteBIT stated that TradeFi instruments are offered through its perpetual contracts interface, and these products only track the price fluctuations of traditional assets. They do not represent actual trading or investment in the underlying assets, nor do they confer ownership, shareholder rights, or related entitlements.
According to The Block, Trump's annual financial disclosure report (totaling 927 pages) released by the U.S. Office of Government Ethics shows that Trump received significant crypto-related income through his family crypto company World Liberty Financial (WLF), including over $65.6 million from the sale of WLF Holdco equity and approximately $236.25 million from WLF token sale allocations. Additionally, the report disclosed his cold wallets holding various crypto assets such as Bitcoin, Ethereum, USDC, LINK, AAVE, ENA, MOVE, and ONDO, and that he received approximately $1.8 million in Ethereum staking rewards. Trump also holds up to $100,000 in Coinbase stock and multiple investments in Strategy (formerly MicroStrategy). In contrast, Vice President JD Vance's annual financial report is only 17 pages, disclosing that he holds Bitcoin valued at up to $500,000.
after Open Standard announced the launch of its new stablecoin, Open USD (OUSD), Circle's stock price fell over 16% on Tuesday. The stablecoin is backed by over 140 companies, including Visa, Stripe, Mastercard, BlackRock, and Coinbase, raising market concerns that it could pose competitive pressure on Circle's USDC.However, William Blair analysts believe the sell-off was an overreaction and reiterated an "Outperform" rating on Circle's stock, suggesting the decline may present a buying opportunity. The firm believes that Circle holds a competitive advantage in the stablecoin space due to its first-mover status, deep liquidity, and mature payment infrastructure, positioning it well even against high-profile competitors like OUSD.Circle CEO Jeremy Allaire stated that the company welcomes competition and will continue to expand the USDC ecosystem. Analysts also noted that the overall stablecoin market is still rapidly expanding, and new entrants may not necessarily only eat into USDC's market share but could also drive broader industry adoption.
According to the latest report from investment bank Jefferies, the U.S. "Clarity Act," although having passed a bipartisan 15:9 vote in the Senate Banking Committee, still faces significant hurdles in the subsequent legislative process. Political uncertainty may exacerbate crypto market volatility in the coming weeks. The bill aims to clarify the regulatory boundary for digital assets between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) and is considered a core legislative framework for the U.S. crypto market structure. Jefferies pointed out that passage would significantly boost institutional participation, while delays would prolong regulatory uncertainty.Currently, Polymarket data shows that the probability of the bill passing before the end of 2026 has dropped to 48%, a significant decline from 70% in mid-May, primarily due to disputes over ethical clauses, anti-money-laundering reviews, and a tight Senate agenda. Analysts note that with approximately only 20 legislative days remaining before Congress adjourns in August, it must complete the reconciliation of House and Senate versions, procedural votes, and submission to the President for signature. If it fails to advance before the recess, it may be delayed until next year, or even further postponed due to changes in the election cycle.Jefferies believes that if the bill is enacted, it will drive the expansion of businesses such as tokenized assets, custody, staking, lending, and crypto ETFs, benefiting the development of markets like Bitcoin (BTC) and Ethereum (ETH). However, if delayed, it could suppress institutional investment in on-chain infrastructure and crypto-related IPOs.Additionally, the market expects policy uncertainty to continue affecting the stock performance of crypto-related public companies such as Circle, Coinbase, and Bullish. Jefferies added that even as regulations gradually clarify, intensified competition in the stablecoin space could become a long-term source of pressure for companies like Circle. (CoinDesk)
Coinbase officially stated it is cooperating with the Brooklyn District Attorney's Office in New York to assist in investigating a long-term impersonation scam targeting platform users and supporting victims in recovering funds.According to the Brooklyn District Attorney's Office, a Brooklyn man has been charged with long-term impersonation of Coinbase customer service. Using social engineering tactics, he tricked users into believing their accounts had been compromised and instructed them to transfer funds to a "secure wallet," subsequently moving and stealing the funds. The case involves approximately 100 victims, with the total amount involved nearing $16 million. Over $600,000 has been recovered so far.Coinbase stated that this type of scam does not stem from platform security vulnerabilities but is a social engineering attack exploiting user trust and a sense of urgency. Common methods include identity forgery, impersonating customer service, and creating panic over account risks. The company stated it has cooperated with law enforcement agencies to complete various investigative tasks, including identifying suspects, assisting with victim notifications, providing data support for legal requests, and conducting on-chain fund tracing. It emphasized that blockchain traceability helps law enforcement track the flow of funds.Coinbase also reminded users that the platform will never ask them to transfer funds to a "secure wallet" or request 2FA codes, seed phrases, or password reset links. It recommends that users only contact customer service through official in-app channels. The company will continue to strengthen its anti-fraud mechanisms, user education, and cooperation with law enforcement agencies to address increasingly sophisticated crypto asset fraud activities.
Coinbase Chief Legal Officer Paul Grewal stated that former U.S. Acting Solicitor General Prelogar, representing the Coalition for Prediction Markets, has submitted an amicus brief supporting Kalshi to the U.S. Court of Appeals for the Sixth Circuit, describing it as a “masterpiece.” Paul Grewal pointed out that the document not only outlines the historical background of the Commodity Futures Trading Commission's exclusive regulatory authority over prediction markets but also presents three key arguments:1. Prediction markets can uniquely aggregate market information and convert it into simple price signals, collectively aggregated by market participants.2. Users of prediction markets trade at prices that market participants are willing to accept. They cannot control contract prices and bear the legal obligation to provide users with fair access to contracts.3. The laws of various U.S. states are unsuitable for regulating prediction markets because their core objectives are not to maintain fair markets, price discovery, information aggregation, risk hedging, or prevent market manipulation.
According to an official announcement, Coinbase will add support for Cap (CAP).
According to the official announcement from Coinbase Markets, GEODNET (GEOD) spot trading will officially launch on June 23, 2026. The GEOD-USD trading pair will become available at 9:00 a.m. Pacific Time, subject to sufficient liquidity and regulatory approval in the user’s jurisdiction.
Coinbase announced that spot trading for Arcium (ARX) will go live on June 22. If liquidity conditions are met, the ARX-USD trading pair will be available later today in regions where trading is supported.
Coinbase announced that it will launch pre-IPO perpetual contracts for Anthropic and OpenAI. The ANTHROPIC-PERP and OPENAI-PERP markets will open on or after June 22, 2026, at 19:00.
Financial services firm Morgan Stanley on Thursday filed amended S-1 documents with the U.S. Securities and Exchange Commission, updating its Ethereum and Solana ETF applications and proposing a 0.14% fee for both products. Currently, the lowest fee among spot Ethereum ETFs in the U.S. is the Grayscale Ethereum Staking Mini ETF at 0.15%; among spot Solana ETFs, the Franklin Solana ETF charges 0.19%. Morgan Stanley's latest filings also indicate that Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada will provide staking services for both ETFs, with each fund charging a 5% staking fee on rewards generated by the products. The Morgan Stanley Ethereum Trust is proposed to trade under the ticker MSSE, while the Morgan Stanley Solana Trust is proposed to use the ticker MSOL. (Cointelegraph)
the Galaxy Research Head posted on platform X, stating that tokenized stocks have garnered widespread attention. Apart from Operate, tokenized stocks are broadly categorized into two types: issuer-supported, such as GLXY; and third-party supported, such as Ondo, xStocks, etc. Coinbase has announced its own version but has not yet detailed how it will operate.
Brian Armstrong posted on the X platform, stating that Coinbase now includes pre-IPO perpetual contracts, stock options, and will soon support tokenized stocks. Coinbase has also redesigned Coinbase Advanced and has begun integrating global liquidity between US and international users, as well as between Coinbase and Deribit users. CoinbaseDev is providing stablecoin payment capabilities for enterprises, launching fully managed accounts based on its compliance technology stack, and introducing a new developer tools dashboard. On the Base side, Coinbase announced the launch of private transactions and a web-based Base App. Coinbase is also becoming the financial account for AI, supporting wallets for AI agents, providing AI-driven financial advice, and connecting Coinbase accounts to users' commonly used LLMs.
Odaily Chicago Mercantile Exchange Group has filed a lawsuit against the U.S. Commodity Futures Trading Commission (CFTC) and its Chairman Michael Selig in the U.S. District Court for the District of Columbia, concerning the agency's routine approval of cryptocurrency perpetual futures. The lawsuit stems from the CFTC’s May 29 approval of a perpetual futures contract linked to the spot price of Bitcoin by prediction market platform Kalshi, and the issuance of a no-action position for a similar product on the Coinbase exchange. In the filing, CME argues that the CFTC's treatment of "futures" with expiration dates as "swaps" violates directives from the U.S. Congress and the Commodity Exchange Act, and requests the court to invalidate the relevant perpetual futures actions. CME also claims that Selig acted unilaterally without a full panel of five commissioners. A CFTC spokesperson stated that CME is waging a "legal battle" against the agency and the government’s crypto policy, calling the lawsuit "frivolous." Kraken has also announced the launch of perpetual futures trading for U.S. users via the CFTC-regulated platform Bitnomial.
Monitoring from the Odaily Seer Prophet Channel shows that the probability of "o1 TGE market cap exceeding $400 million on day 2" on Polymarket has risen to 89%, up 81% in 24 hours.This event will be settled based on the fully diluted valuation (FDV) of the o1 governance token one day after its launch. If the FDV of the o1 governance token at 16:00 Eastern Time on the day following its launch is higher than the stated value in the title, it will settle as "Yes"; otherwise, it will settle as "No."The token must be publicly available, transferable, and tradable to be considered fully launched. FDV will be calculated by multiplying the total token supply by the token price, with the price source being the most liquid source at the time. If o1 fails to launch a token before 23:59 Eastern Time on December 31, 2027, the event will settle as "No."Previous news: o1.exchange completes $4.2 million financing, co-led by Coinbase Ventures and AllianceDAOThe Odaily Seer Prophet Channel continues to monitor prediction markets, observing changes before pricing occurs.
Odaily Odaily, Kalshi co-founder and CEO Tarek Mansour said in an interview with FOX: "Honestly, when I think of our competitors, it's not Polymarket I think of the most, but some other platforms. We are surrounded by a group of competitors."In a follow-up interview, Tarek primarily mentioned CME and Robinhood. CME previously assisted gambling giant FanDuel in launching its own prediction market product, while Robinhood has also launched its in-house prediction market, Rothera. Additionally, Tarek also mentioned DraftKings, Novig, and Coinbase.
Odaily报道: Satori Finance, a multi-chain decentralized exchange backed by investors including Polychain Capital and Coinbase Ventures, has announced it will cease operations and begin the closure process. The platform stated that due to "prolonged unfavorable market conditions," its revenue is insufficient to support continued operations, leading to the decision to gradually wind down. Users must withdraw their assets before 23:59 UTC on July 16, after which the platform will no longer be accessible.In 2022, Satori Finance completed a $10 million seed funding round led by Polychain Capital, with participation from Coinbase Ventures and Jump Crypto. The platform was deployed across multiple networks including Arbitrum, Optimism, and BNB Chain, and initially featured 25x leverage and an "points mining" incentive model. (The Block)
according to an official announcement, Coinbase announced it will list Re (RE).
EarnOS, a blockchain-based digital advertising startup, has announced the completion of a $6 million Pre-A funding round, led by 1kx with participation from Coinbase Ventures, Circle Ventures, and Social Graph Ventures. Additionally, EarnOS has secured a four-year, $12.5 million non-dilutive strategic investment from Verona (formerly XION) to support application verification, user onboarding, and reward distribution systems. The company also announced a brand restructuring, noting that its L1 network will provide underlying support for EarnOS, enabling large-scale user authentication and task incentive mechanisms. (The Block)