News linked to both this project and an event.
Odaily News Cantor Fitzgerald pointed out in its latest report that with the rapid rise of prediction markets, Robinhood and Coinbase are poised to become major beneficiaries in this sector, leveraging their massive retail user base and mature trading infrastructure. Although leading platforms like Kalshi and Polymarket remain private companies, Robinhood and Coinbase have already begun entering this market by integrating event-driven trading within their applications.Cantor noted that prediction markets allow users to trade contracts based on real-world events such as elections and economic data, with prices reflecting the crowd's probability judgments. This model is similar to stock and crypto trading platforms, primarily generating revenue through trading activity fees. Among them, Robinhood's prediction market product, launched after the US election, has grown rapidly and has become one of its fastest-growing revenue streams; Coinbase is gradually opening related features to users by integrating Kalshi's infrastructure.The report believes that prediction markets not only have retail trading potential but may also play a role in institutional hedging and macro forecasting in the future. However, regulation remains the biggest uncertainty, as its legal status is still debated between being classified as a derivative or gambling. (CoinDesk)
According to DL News, the U.S. Internal Revenue Service (IRS) is intensifying its crackdown on cryptocurrency-related tax evasion, with particular focus on new reporting requirements for the 2025 tax year. The IRS’s Criminal Investigation Division has prioritized cryptocurrency tax cases, and investors must proactively report relevant transactions before the April 15 tax-filing deadline. Starting in 2025, Form 1099-DA—introduced for the first time—requires brokers to report investors’ total digital asset transaction proceeds to both investors and the IRS; however, investors themselves must calculate and verify their cost basis. Reports from Coinbase and CoinTracker indicate that approximately 61% of U.S. cryptocurrency investors are unaware of the new rules, and 52% fear penalties resulting from filing errors. Experts advise investors to gather all transaction records and file accurate returns to avoid criminal penalties, including fines of up to $100,000 and imprisonment for up to five years.
According to The Block, U.S. Republican Senator Thom Tillis stated that a draft bill aimed at resolving the long-standing dispute between banks and crypto firms over stablecoin yield—under the “Clarity for Payment Stablecoins Act” (the “Clarity Act”)—will be publicly released this week. Tillis co-drafted the provisions with Democratic Senator Angela Alsobrooks. The draft has already undergone review by both banking and crypto industry stakeholders, though banks remain opposed. Tillis indicated he is open to further revisions of the text. The issue of stablecoin yield represents the central point of contention in the Clarity Act: banks fear that permitting crypto firms to pay interest on idle stablecoins would trigger massive deposit outflows, while crypto enterprises such as Coinbase argue that banning such interest payments would stifle innovation. Additionally, Tillis proposed hosting a “Crypto Summit” to bring all stakeholders to Capitol Hill for negotiations toward a resolution. The Clarity Act has not yet advanced through the Senate Banking Committee and remains far from final enactment.
Coinbase CEO Brian Armstrong responded to U.S. Treasury Secretary Scott Bessent’s call for the passage of the “Clarity for Digital Assets Markets Act” (CLARITY Act), expressing agreement and gratitude for his advocacy. Armstrong emphasized that bipartisan collaboration between senators and staff over the past several months has significantly strengthened the bill. Earlier, the U.S. Treasury Secretary urged Congress to swiftly pass the CLARITY Act.
Securitize announced the appointment of Brett Redfearn as President and a member of its Board of Directors. Redfearn previously served as Chair of Securitize’s Advisory Board and has now been elevated to this senior leadership role. He brings extensive experience in regulatory and market structure matters from his prior roles at the U.S. Securities and Exchange Commission (SEC), JPMorgan, and Coinbase. Securitize stated that Redfearn will lead the expansion of its regulated platform businesses—including compliant token issuance, trading, and fund management—and will focus on strengthening collaboration with regulators and institutional investors to support the development of a next-generation, tokenization-based financial infrastructure.
According to Crowdfundinsider, UK-based ClearBank has announced that it has received approval under the EU’s Markets in Crypto-Assets Regulation (MiCA) and obtained a Crypto-Asset Service Provider (CASP) license from the Netherlands Authority for the Financial Markets (AFM). The bank plans to launch digital asset services, including stablecoins, and stated it intends to support euro- and U.S. dollar–backed stablecoins—EURC and USDC—to enhance cross-border transfers and payments. Additionally, ClearBank said it will offer savings accounts through Coinbase and bring them under the protection of the UK’s Financial Services Compensation Scheme (FSCS).