Today: 2 July 2026
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NASDAQ:COIN 8 May 2026 - 30 June 2026

Bitcoin lending bounces back, Wall Street credit takes lead as $60,000 level looms

Bitcoin lending bounces back, Wall Street credit takes lead as $60,000 level looms

Silicon Valley Bank, part of First Citizens BancShares, put bitcoin-backed loans in front of credit investors again, saying the business has shifted from failed crypto firms to overcollateralized lending, bank lines, and rated ABS. CoinDesk and FinanceFeeds reported on the change in the last 24 hours. Bitcoin traded under $60,000 at the time. For investors, the key is in the loan terms. A lender who requires $2 in bitcoin for every $1 lent and who liquidates at 80% loan-to-value gets a 37.5% price cushion on bitcoin before forced selling, if there’s no repayment or collateral added. At the price on the dateline, liquidation would hit around $37,100. SVB said Ledn hasn’t reported losses from collateralized consumer loans after bitcoin’s 48% slide from last year’s high.
Bitcoin Holds $80,000 as ETF Outflows Put Rally Back on Trial

Bitcoin slips near $59,500 as ETF outflows hit options support

Bitcoin dropped to about $59,500 late Thursday in New York. But what stood out more to investors was the ETF tape. The most recent U.S. spot bitcoin ETF outflow was big, concentrated, and came mostly from funds that tend to track institutional demand. Bitcoin was down 1.9% at $59,498, after hitting a low of $58,189. The iShares Bitcoin Trust ETF slipped 1.1% to finish at $33.52. Shares of Strategy Inc, which holds the most bitcoin among listed firms, dropped 9.3% to $85.33. Coinbase Global Inc fell 5.1% to $142.52.
Fomo lands $75 million, hitting $880 per user valuation for crypto trading app

Fomo lands $75 million, hitting $880 per user valuation for crypto trading app

Fomo’s $75 million Series B sets a private-market value for consumer crypto trading, not just another funding headline. The New York company raised at a $550 million valuation, FinTech Futures said this week. Index Ventures led the round, with Union Square Ventures and Benchmark also in, according to the report. Based on company numbers, the price comes to about $880 per reported user and 13.75 cents per cumulative dollar traded. Fomo said it had over 625,000 people join since launch, with total trading volume above $4 billion and 110 million unique social interactions. That’s around $6,400 traded and 176 social actions for every reported user.
Big VCs Back Fomo’s Crypto Trading App With $75M Round

Big VCs Back Fomo’s Crypto Trading App With $75M Round

Fomo has landed $75 million in Series B funding led by Index Ventures, putting the crypto trading app’s valuation at $550 million. The New York-based company picked up capital from Union Square Ventures, Benchmark, and angels like Zynga co-founder Mark Pincus, Discord CEO Humam Sakhnini, and Eventbrite co-founder Kevin Hartz. Fomo says it aims to make on-chain trading appeal to the broader market. Crypto startup funding slows as market shifts. Galaxy Research said crypto and blockchain startups raised about $4 billion across 355 deals in Q1 2026—about half the amount from the previous quarter. Trading, exchange, investing and lending businesses still got most of the money.
Solana DEX Volume Rises, Heaping Pressure on Coinbase and Kraken

Solana DEX Volume Rises, Heaping Pressure on Coinbase and Kraken

Solana’s decentralized-exchange market is now trading at levels close to big centralized players. Recent data and sector reports show Solana-based trading volumes topping Coinbase and Kraken, and sometimes nearly matching Bybit. Decentralized exchanges, or DEXs, run swaps over blockchain protocols instead of a company-run order book. That difference is getting more attention as the trading flow moves beyond technical talk among crypto pros. It's turning into a test case for where both retail users and high-speed token traders end up trading.
Crypto trading app Fomo raises $75 million as retail interest returns to digital assets

Crypto trading app Fomo raises $75 million as retail interest returns to digital assets

Fomo, a consumer crypto trading app started by former dYdX staff, raised $75 million in new funding led by Index Ventures, a deal that values the startup at $550 million and points to fresh investor appetite for retail trading platforms after a bruising crypto pullback. Union Square Ventures also joined the round, Fortune reported. The timing matters. Bitcoin was trading near $64,587 on Monday and ether near $1,765, steadier than during the early-June selloff, while market watchers are tracking whether retail traders are returning after months of weaker activity.
Robinhood shares gain after layoffs as focus turns to tokenized stocks

Robinhood shares gain after layoffs as focus turns to tokenized stocks

Robinhood Markets shares pushed higher late Wednesday morning. The brokerage announced a 10% workforce cut Tuesday, and U.S. regulators are working on a policy that could expand tokenized-stock trading. The stock was last at $107.30, up $10.59, after reaching an intraday top of $107.35. Robinhood is cutting about 10% of its full-time staff as it looks to convince investors it can squeeze more operating leverage from strong retail trading. In a securities filing, the company put the charges from the layoffs around $20 million in cash for severance and benefits, plus about $8 million for stock awards and other share-based pay.
AWS, Coinbase, Zoomex move AI bots and stocks with stablecoin rails

AWS, Coinbase, Zoomex move AI bots and stocks with stablecoin rails

AWS is launching a tool so publishers can make AI crawlers pay to access restricted web content. The company says this moves automated bot payments beyond crypto circles and into mainstream internet systems. AWS rolled out a Web Application Firewall update that lets content owners set per-request charges by content path, bot type, or verification level, without touching the main website code. AWS said today’s web traffic from AI bots is now more than half for many content providers. The company added that AI-focused crawlers are rising at over 300% annually.
Bitcoin Price Today: BTC Rebounds Toward $66,000 as Fed Decision Looms

Bitcoin Price Today: BTC Rebounds Toward $66,000 as Fed Decision Looms

Bitcoin rose back into the mid-$65,000s on Monday, trading around $65,717 after touching an intraday high near $65,935, according to live market data. CoinGecko showed Bitcoin up about 1.8% over 24 hours, with roughly $27.1 billion in trading volume and a market capitalization, meaning total token value, of about $1.32 trillion. The immediate driver was a return of risk appetite, the market term for investors becoming more willing to buy volatile assets. Bitcoin climbed after reports of an interim U.S.-Iran peace agreement that eased fears around energy supplies and broader geopolitical stress. Barron’s reported Bitcoin rising 2.8% to $65,775, while The Wall Street Journal said the token moved toward $66,000 and that crypto-linked stocks such as Coinbase, Robinhood and Strategy also gained.
Palantir CEO Karp takes aim at AI spend by Anthropic, OpenAI

Palantir CEO Karp takes aim at AI spend by Anthropic, OpenAI

Palantir CEO Alex Karp on CNBC Wednesday criticized frontier AI labs, saying many enterprise clients are privately dissatisfied with those companies. Karp told CNBC’s Sara Eisen that discontent isn’t just limited to everyday users. He said most of the Anthropic projects discussed in public are “running on Palantir.” Corporate AI buyers are starting to set real budgets, not just run pilots. Business Insider said Wednesday that OpenAI, Anthropic and GitHub are steering more customers to token-based billing, where users pay for the text AI models handle. Coinbase and Walmart added usage caps, and Amazon dropped its internal token leaderboard.
Bitcoin Hovers at $61,000 With CPI Report in Focus for Crypto Traders

Bitcoin Hovers at $61,000 With CPI Report in Focus for Crypto Traders

Bitcoin fell toward $61,000 again Tuesday, erasing its early-week rise as traders waited for a U.S. inflation report that could shift Federal Reserve rate bets and weigh on crypto prices. CoinDesk said bitcoin was trading near its session low after U.S. stocks lost earlier gains. Live prices showed bitcoin around $61,700, down roughly 3% on the day. Traders are watching the May Consumer Price Index due out Wednesday at 8:30 a.m. Eastern. FactSet is calling for a 4.2% year-on-year rise, with core CPI—stripping out food and energy—at 2.9%.
Bitcoin Hits $60,000 As Crypto Selloff Deepens

Bitcoin Drops as ETF Outflows Mount, $60,000 Support Weakens

Bitcoin hovered around $60,719 on Saturday, rebounding after a slip under $60,000 the day before, with a session low of $59,630. Prices fell to levels traders hadn’t seen since late 2024, with many on watch to see if this weekend’s move above $60,000 can stick. The selloff is making itself felt, hitting spot bitcoin ETFs, corporate treasury buyers, and hopes for easier U.S. policy—each a leg of the last rally. Spot bitcoin ETFs, which hold bitcoin and trade on exchanges, saw about $4.4 billion in net outflows from May 18 to June 5, according to Farside Investors.
Robinhood Soars, Traders Watch Next Week for HOOD

Robinhood Soars, Traders Watch Next Week for HOOD

Robinhood Markets shares surged at the end of the shortened U.S. trading week, finishing Friday at $94.30, up 11.15% for the day. The stock posted gains all four sessions after Memorial Day, jumping about 28% from last Friday’s $73.64 close. The timing could play a role here. U.S. cash equities aren’t open on Sunday. Regular NYSE trading will start again at 9:30 a.m. ET Monday and runs to 4 p.m. ET, so investors will come back to a stock that's been repriced by crypto action, public-sector flows, and fast-moving AI-fueled retail trading.
Coinbase Stock Jumps After Senate Crypto Bill Vote: What COIN Investors Need to Know

Coinbase Stock Jumps After Senate Crypto Bill Vote: What COIN Investors Need to Know

Shares of Coinbase Global climbed before the U.S. market opened Friday, following a Senate panel’s move to push forward delayed crypto legislation. That development handed the country’s largest listed crypto exchange a new regulatory boost. COIN changed hands recently at $212.01, up roughly 5%. Bitcoin was around $80,600. The Senate Banking Committee cleared H.R. 3633—the Digital Asset Market Clarity Act of 2025—by a 15-9 margin, sending it to the full Senate. Chairman Tim Scott called the bill a way to bring digital assets “into the sunlight with clear rules,” echoing crypto industry complaints about the absence of a usable regulatory playbook in the U.S.
Coinbase, Robinhood and Strategy Stocks Jump: The Crypto Bill Traders Are Chasing Now

Coinbase, Robinhood and Strategy Stocks Jump: The Crypto Bill Traders Are Chasing Now

Shares of Coinbase Global, Robinhood Markets, and Strategy climbed as the Senate Banking Committee pushed a long-delayed crypto bill forward. Investors finally saw a more straightforward case to get into U.S.-listed crypto stocks after months of choppy regulatory back-and-forth. The Digital Asset Market Clarity Act is in focus now because it would finally spell out which powers go to the Securities and Exchange Commission and which fall to the Commodity Futures Trading Commission—the primary U.S. watchdogs. That kind of clarity means exchanges and brokers could face less uncertainty around enforcement, potentially opening the door for new products. For Strategy, the catalyst is more straightforward: bitcoin has climbed back above $80,000.
Bitcoin Rises as U.S. Crypto Bill Clears Key Hurdle—But the Rally Has a Catch

Bitcoin Rises as U.S. Crypto Bill Clears Key Hurdle—But the Rally Has a Catch

Bitcoin stayed north of $80,000, while shares tied to crypto jumped, as the U.S. Senate Banking Committee finally pushed ahead a crypto regulation bill that digital-asset companies have been waiting for. On Friday, it wasn’t token price action but Capitol Hill that took the lead in shaping crypto’s direction. After years of crypto firms navigating a confusing web of court decisions, agency crackdowns, and conflicting state regulations, this vote finally packs some weight. The Clarity Act aims to spell out whether a crypto token falls under the securities or commodities banner—or neither—and would split authority between the SEC and the CFTC, the two federal watchdogs overseeing securities and commodities, respectively.
Coinbase Global Inc Stock Jumps as Senate Crypto Bill Clears Key Hurdle — But the Hard Vote Is Next

Coinbase Global Inc Stock Jumps as Senate Crypto Bill Clears Key Hurdle — But the Hard Vote Is Next

Coinbase Global Inc. jumped roughly 7.7% to $217.30 Thursday afternoon, boosted as the Senate Banking Committee pushed the Clarity Act forward — a crypto market-structure measure investors have long anticipated as a regulatory win for the U.S.-listed platform. This vote lands at a tricky moment for Coinbase, which just posted a soft quarter and announced layoffs. Meanwhile, Washington is circling back to a familiar headache for crypto firms—trying to pin down just what counts as a security or a commodity, and which regulator will oversee which tokens.
BTC Slides Below $80,000 as ETF Outflows Put Rally on the Line

BTC Slides Below $80,000 as ETF Outflows Put Rally on the Line

Bitcoin fell under $80,000 late Wednesday in New York, changing hands at $79,371. A higher U.S. inflation print and more outflows from U.S. spot bitcoin funds pressured the token toward the bottom of its latest range. It dropped 1.6% for the session after reaching as high as $81,276, with lows near $78,762. This shift holds weight: $80,000 was the short-term battleground for bitcoin after its rebound from February's dip. On May 12, U.S. spot bitcoin ETFs—which track the cryptocurrency on public markets without requiring direct ownership—saw $233.2 million in net outflows, per Farside Investors. That wiped out the previous day's $27.2 million inflow.
Circle Internet Group Faces Biggest Test Yet as Crypto Bill Vote and Q1 Earnings Hit This Week

Circle Internet Group Faces Biggest Test Yet as Crypto Bill Vote and Q1 Earnings Hit This Week

With lawmakers in Washington set to consider a crypto-market bill that could influence the way Circle Internet Group and its partners generate revenue from digital dollars, the stablecoin issuer faces earnings on Monday. The Senate Banking Committee plans to take up H.R.3633, the Digital Asset Market Clarity Act of 2025, in an executive session set for May 14 at 10:30 a.m. in the Dirksen Senate Office Building, according to the committee’s published calendar.
Coinbase Stock Slides After Surprise Q1 Loss: Crypto Slowdown Hits The Exchange

Coinbase Stock Slides After Surprise Q1 Loss: Crypto Slowdown Hits The Exchange

Coinbase Global Inc. swung to another quarterly loss, its second in a row, as softer crypto markets battered trading revenue and shrinking crypto asset values weighed on results. The exchange posted a net loss of $394.1 million for the first quarter, or $1.49 per share—down from a $65.6 million profit in the same period last year. Friday’s U.S. market open looms with pressure on the company. The timing’s crucial: Coinbase is still the go-to gauge for risk appetite in digital assets. If traders—retail or institutional—pull back, the hit shows up almost instantly in transaction fee revenue, even as Coinbase leans harder into stablecoins, derivatives, and other tools to buffer the cycle. According to Reuters, digital-asset exchange volumes sagged early in 2026 as crypto prices slipped, financial conditions tightened, and macro jitters made investors cautious.
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Stock Market Today

  • Audi Drops Single-Car Plan, Pivots to China-West Split
    July 2, 2026, 5:08 PM EDT. Rouven Mohr, Audi's chief technical officer, said the automaker has scrapped its global car strategy, saying it just doesn't work with diverging market demands. In China, buyers want screens and AI, but in Europe and North America, customers still want physical buttons. Audi is setting up a China-focused brand with SAIC and has launched models like the E5 Sportback just for that market. The main Audi line will focus on Western tastes with more traditional controls. Audi hopes the switch helps it fight off rising competition in China, where local brands packed with tech are catching up to European names.
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