Today: 11 June 2026
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NASDAQ:COIN 26 April 2026 - 10 June 2026

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

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

Palantir shares edged up less than 1% to $132.66 after CEO Alex Karp told CNBC that enterprise customers are privately “unhappy” with frontier AI labs’ billing practices, as AI buyers face “sticker shock” and cost savings lag, while Palantir pitches its software and embedded engineers as a solution amid ongoing scrutiny of its NHS contract in Britain.
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

Coinbase shares rose 5% to $212.01 in premarket trading after the Senate Banking Committee advanced the Digital Asset Market Clarity Act 15-9. The bill now moves to the Senate floor, but its passage is uncertain due to opposition from Democrats, banks, and election-year timing. Coinbase reported a Q1 net loss of $394.1 million and falling transaction revenue.
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

Coinbase, Robinhood, and Strategy each jumped about 5% after the Senate Banking Committee advanced the Digital Asset Market Clarity Act in a 15-9 vote. Bitcoin traded near $80,623 early Friday. The bill would clarify oversight between the SEC and CFTC but faces further legislative hurdles. Coinbase closed at $212.01, Robinhood at $80.70, and Strategy at $186.97.
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

The Senate Banking Committee advanced the Digital Asset Market Clarity Act by a 15-9 vote, sending the crypto regulation bill to the full Senate. Bitcoin traded near $80,837 after hitting $81,974, while Coinbase, Robinhood, and Strategy shares each rose about 5%. Polymarket priced a 68% chance the bill becomes law this year. All committee Republicans backed the bill, joined by two Democrats.
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 shares jumped 7.7% to $217.30 Thursday after the Senate Banking Committee advanced the Clarity Act, a crypto regulation bill. The panel voted 15-9 to send the measure to the full Senate. The bill would clarify oversight of digital tokens and set new rules for stablecoins. Coinbase recently reported a $394.1 million quarterly loss as revenue fell to $1.43 billion.
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

Circle Internet Group will report first-quarter earnings on May 11, with focus on USDC growth and reserve income. The Senate Banking Committee will consider the Digital Asset Market Clarity Act on May 14, which could restrict stablecoin rewards resembling bank deposits. Circle’s USDC circulation reached $75.3 billion last quarter, up 72% year-over-year. Circle shares closed at $113.67 Friday.
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 reported a first-quarter net loss of $394.1 million as revenue fell 31% to $1.413 billion, reversing a year-earlier profit. Trading volumes dropped amid weaker crypto prices, and an AWS outage briefly disrupted services overnight. Shares fell about 5% after the results. The company also announced plans to cut 700 jobs, or 14% of its workforce.
Coinbase Layoffs Hit 700 Jobs as AI Rebuild Intensifies Tech Worker Anxiety

Coinbase Layoffs Hit 700 Jobs as AI Rebuild Intensifies Tech Worker Anxiety

Coinbase will cut about 700 jobs, or 14% of its global workforce, as it restructures around artificial intelligence and responds to weak crypto markets. The company expects to complete the layoffs in the second quarter at a cost of $50 million to $60 million. CEO Brian Armstrong cited both market downturn and AI-driven automation as reasons for the move. U.S. staff will receive at least 16 weeks’ pay and six months of health coverage.
Coinbase Layoffs: Brian Armstrong Cuts 700 Jobs As AI Reshapes Crypto Exchange

Coinbase Layoffs: Brian Armstrong Cuts 700 Jobs As AI Reshapes Crypto Exchange

Coinbase Global will cut about 700 jobs, or 14% of its workforce, as it restructures to focus on AI-driven operations, according to a regulatory filing Tuesday. The company expects $50 million to $60 million in restructuring expenses, mostly for severance. Shares rose 6.1% in early trading. CEO Brian Armstrong said affected staff lost system access immediately and will receive at least 16 weeks’ pay.
Why Circle Stock Is Jumping Today as Stablecoin Deal Revives U.S. Crypto Bill

Why Circle Stock Is Jumping Today as Stablecoin Deal Revives U.S. Crypto Bill

Circle Internet Group shares rose about 10% and Coinbase gained nearly 5% after Coinbase said U.S. lawmakers reached a deal on stablecoin rules in a stalled crypto bill. The compromise, finalized by Senators Tillis and Alsobrooks, would broadly bar rewards equivalent to bank interest. Circle’s USDC supply stood at $77.4 billion, with first-quarter results due May 11. The deal is not yet law.
Coinbase Stock Rises as Stablecoin Yield Deal Puts Crypto Bill Back in Play

Coinbase Stock Rises as Stablecoin Yield Deal Puts Crypto Bill Back in Play

Coinbase shares climbed in U.S. premarket trading Monday after a Senate deal limited stablecoin rewards, unblocking the CLARITY Act. The compromise, led by Sens. Tillis and Alsobrooks, would restrict stablecoin yields that resemble bank interest but allow some platform-based rewards. The bill, stalled for months, now returns to the Senate Banking Committee. Circle, which issues USDC, also saw its shares rise nearly 10%.
Ripple’s RLUSD Gets a Bigger Opening as U.S. Stablecoin Rules Shift Toward Regulated Dollars

Ripple’s RLUSD Gets a Bigger Opening as U.S. Stablecoin Rules Shift Toward Regulated Dollars

U.S. senators reached a deal to bar stablecoin rewards resembling bank interest, unblocking crypto legislation and spotlighting Ripple’s RLUSD expansion on OKX. RLUSD now trades across 280-plus OKX spot pairs and serves as margin collateral. The token’s market cap stands at $1.57 billion, far behind USDC and USDT. Treasury rules would treat stablecoin issuers as financial institutions under the GENIUS Act.
Oil Prices Are High. The Bigger Shock May Still Be Ahead

Oil Prices Are High. The Bigger Shock May Still Be Ahead

Brent crude settled at $108.17 a barrel Friday, down 2%, after Iran proposed new talks with the U.S., but remained well above normal following disruptions in the Strait of Hormuz. The International Energy Agency reported global oil supply fell by 10.1 million barrels per day in March. Some physical crude grades traded near $130 a barrel. Traders are pricing in a prolonged conflict and further price spikes.
Bitcoin’s $84 Billion Satoshi Mystery Is Back — And Adam Back Says the Clues Don’t Add Up

Bitcoin’s $84 Billion Satoshi Mystery Is Back — And Adam Back Says the Clues Don’t Add Up

Bitcoin traded near $76,000 Thursday as new claims about Satoshi Nakamoto’s identity resurfaced. Adam Back, CEO of Blockstream, disputed the documentary “Finding Satoshi,” which uses early mining patterns to estimate Satoshi’s holdings at 1.1 million coins, now worth about $84 billion. Actor Ben McKenzie said the ongoing mystery fuels crypto’s story.
Robinhood’s Earnings Week Now Has a Prediction-Market Problem

Robinhood’s Earnings Week Now Has a Prediction-Market Problem

Wisconsin sued Robinhood and several rivals over sports event contracts, alleging illegal sports betting through prediction markets. The lawsuit comes days before Robinhood reports first-quarter earnings on Tuesday. Robinhood shares closed at $84.71 Friday, down from $91.28 on Monday. The company said its event contracts are federally regulated and it will defend itself.
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Stock Market Today

  • Malibu Boats Q1 Earnings Exceed Expectations, Leading Consumer Discretionary Leisure Stocks
    June 11, 2026, 4:00 PM EDT. Malibu Boats (NASDAQ:MBUU) reported strong Q1 results with $235.7 million in revenue, a 3.1% increase year-on-year, surpassing analyst estimates by 10.3%. The company beat earnings per share and EBITDA forecasts, buoyed by the acquisition of Saxdor Yachts, marking a strategic step in growth. Lunching in the Consumer Discretionary sector, which includes companies selling non-essential goods sensitive to economic cycles, Malibu stands out among peers amid sector-wide challenges like inflation and inventory issues. Malibu's stock rose 4.7% post-earnings to $26.59. Overall, the leisure products group beat revenue estimates by 4.9% but issued cautious guidance for the next quarter. Malibu leads optimism in a sector marked by volatile consumer demand and competitive pressures.

Latest articles

Coeur Mining Climbs as S&P MidCap 400 Inclusion Approaches, Silver Stocks Gain

Coeur Mining Climbs as S&P MidCap 400 Inclusion Approaches, Silver Stocks Gain

11 June 2026
Coeur Mining surged 5.2% to $16.205 on heavy volume as investors positioned ahead of its S&P MidCap 400 addition effective June 22, following recent acquisitions and a sector-wide rally in precious-metals stocks; the company’s market cap hit $16.76 billion, with index inclusion and recent financial results drawing institutional attention.
Trump Media drops Truth Social spin-off, DJT holders turn to $6 bln TAE merger

Trump Media drops Truth Social spin-off, DJT holders turn to $6 bln TAE merger

11 June 2026
Trump Media, TAE Technologies and Texas Ventures Acquisition III have scrapped plans to spin off Truth Social and other media assets, keeping them within Trump Media as it pursues a merger with TAE; DJT shares traded at $8.03 Thursday after falling over 38% this year, with the next key event being the merger filing process and SEC registration.
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