6h ago
Benchmark trims Coinbase COIN target to $267 while highlighting stronger diversification and revenue mix
On Friday, Benchmark analyst Mark Palmer lowered his Coinbase price target from $421 to $267, a cut of more than one-third, while maintaining a buy rating and estimating about 60% upside from roughly $164 per share. His revised forecasts follow Coinbase's fourth-quarter 2025 report, where net revenue fell to $1.71 billion and the firm posted a $667 million GAAP net loss, but showed growth in derivatives, stablecoin income and subscription revenue now representing 43% of net revenue. Other brokerages adjusted their targets as well, with some reaffirming bullish views and others turning more cautious on the stock.
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9h ago
US senators Warren and Kim press Treasury for CFIUS review of UAE's reported $500 million World Liberty Financial stake
Two Democratic senators on the Senate Banking Committee have asked Treasury Secretary Scott Bessent to determine by March 5 whether CFIUS should review a reported 49% stake worth about $500 million in Trump-linked World Liberty Financial acquired by a UAE government-linked entity. Their request follows a separate House investigation launched last week by Rep. Ro Khanna, intensifying congressional scrutiny of the firm's foreign ties and national security implications.
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Crypto.com's Kris Marszalek buys AI.com for $70 million in crypto and readies Super Bowl LX launch
Crypto.com co-founder and CEO Kris Marszalek acquired the AI.com domain for about $70 million, paid fully in cryptocurrency, after it had been listed for $100 million in March 2025. He said on Feb. 6 that he closed the purchase in April 2025 and will introduce a consumer AI agent platform under the AI.com brand with a Super Bowl LX commercial, while continuing to run both Crypto.com and AI.com.
CRO
CRO+2.44%
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Bitcoin mining difficulty falls 11.16% to 125.86 trillion, largest drop since China's 2021 crackdown
Bitcoin's mining difficulty was reduced by 11.16% to 125.86 trillion at block height 935,424, marking the biggest negative adjustment since China's 2021 mining ban and reportedly the tenth largest in the network's history. Over the past month the hashrate has fallen about 20% amid a sharp bitcoin price decline and Winter Storm Fern‑related shutdowns, pushing hashprice to fresh all-time lows and leaving many older mining rigs close to or below breakeven.
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Kalshi confirms Giannis Antetokounmpo's equity stake is under 1% as deal closes on NBA trade deadline
Milwaukee Bucks star Giannis Antetokounmpo disclosed on Friday that he acquired a sub-1% equity stake in CFTC-regulated prediction market Kalshi through his company Ante Inc., after signing the agreement on Thursday, the NBA trade deadline. A 1% stake would be worth $110 million at Kalshi's latest $11 billion valuation, but the firm has not revealed the exact size of his holding, which has drawn criticism over potential conflicts of interest. The partnership coincided with Kalshi's high-volume markets on Antetokounmpo's trade destination and came as the platform faced fresh legal setbacks, including a Massachusetts court order targeting its sports contracts.
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UAE Sheikh's Aryam Investment 1 bought 49% of Trump's World Liberty Financial for $500M before January 2025 inauguration
According to a Wall Street Journal investigation, Abu Dhabi vehicle Aryam Investment 1, backed by UAE National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan, signed a $500 million deal to acquire a 49% stake in World Liberty Financial four days before Donald Trump's January 2025 inauguration. Half the consideration was paid upfront, sending $187 million to Trump family entities and at least $31 million to entities linked to co-founder Steve Witkoff's family, while the arrangement later intersected with U.S. decisions on advanced AI chip sales to the UAE.
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