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Coinbase (COIN) Stock Still Looks Overvalued Despite New York Probe
Simply Wall St.9h agobearish
Coinbase (COIN) Stock Still Looks Overvalued Despite New York Probe

Coinbase Global stock is coming off a difficult stretch, with the share price down sharply over the past year even though it is still up strongly over three years, and the current valuation checks lean toward the stock looking expensive rather than like a bargain. Coinbase Global has returned about 103% over the past 3 years, which keeps the longer term story positive even though more recent returns have been weak. Moves to build regulated tokenization and trading hubs in Abu Dhabi and the...

Brian Armstrong predicts major AI crisis could be 1-2 years away
TheStreet1d agoneutral
Brian Armstrong predicts major AI crisis could be 1-2 years away

Coinbase CEO Brian Armstrong thinks a rogue AI moment may be coming, and he is surprisingly calm about it. In a post on X, Armstrong said he would not be surprised if an AI model “goes rogue on the internet” within the next year or two, drawing a direct parallel to the Morris Worm that hit computer ...

Robinhood Ventures Fund II opens startup investing to retail
Proactive1d agoneutral
Robinhood Ventures Fund II opens startup investing to retail

Robinhood Markets Inc (NASDAQ:HOOD) has raised $225.5 million for a new publicly traded fund that gives everyday investors exposure to private startups. The trading and investment company priced the initial public offering of Robinhood Ventures Fund II at $25 per share on the New York Stock...

SEC Delays Vote on Exemptions for Crypto Fundraising
Cryptonews1d agoneutral
SEC Delays Vote on Exemptions for Crypto Fundraising

In SEC crypto news today, the Securities and Exchange Commission canceled its August 14 open meeting, which had been scheduled to consider whether to propose new crypto-related rules. An SEC spokesperson said the meeting would be moved due to an unforeseen scheduling issue, and no replacement date was announced. What ...

Why Wintermute is pushing $1 Billion into traditional markets
Yahoo Finance Video2d agoneutralVIDEO
Why Wintermute is pushing $1 Billion into traditional markets

Why is crypto market maker Wintermute making a major push into traditional markets with plans to deploy $1 billion? Scott Melker breaks down what’s behind the move and why Wintermute is expanding beyond crypto. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Goldman's buying bitcoin ETFs, Tether's buying gold, and bitcoin doesn't budge
Yahoo Finance Video2d agobullishVIDEO
Goldman's buying bitcoin ETFs, Tether's buying gold, and bitcoin doesn't budge

Scott Melker breaks down the latest crypto headlines, including why Tether (USDT-USD) is loading up on gold, Goldman Sachs' (GS) move into bitcoin (BTC-USD) ETFs from NEOS, and why bitcoin barely budged after the latest PPI data came in largely in line with expectations. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.

Robinhood's second venture fund debuts, drawing retail money into private markets
Reuters2d agoneutral
Robinhood's second venture fund debuts, drawing retail money into private markets

Robinhood's second venture fund debuted on Thursday, giving retail investors access to early-stage startups that have traditionally been ‌out of reach for all but venture capital firms and wealthy ‌investors. The fintech company raised $225.5 million in the initial public offering of Robinhood Ventures Fund II, which will ​invest in early- and growth-stage private companies. Robinhood shot to prominence in 2021 by democratizing investing for mom-and-pop investors with commission-free trading.

Why Is Coinbase Global (COIN) Juggling New York Legal Risk And Abu Dhabi Growth?
Simply Wall St.2d agoneutral
Why Is Coinbase Global (COIN) Juggling New York Legal Risk And Abu Dhabi Growth?

Coinbase Global (NasdaqGS: COIN) faces heightened regulatory scrutiny as the New York City Council opens an investigation and the New York Attorney General pursues lawsuits into the company's activities in a key US market. At the same time, Coinbase Global is expanding into tokenized securities through a new regulated hub in Abu Dhabi that aims to support digital securities activity and strengthen its presence in the UAE. These developments combine a rising legal and compliance burden in the...