More than a month after announcing plans to move deeper into prediction markets, Coinbase said it would launch its offering for ”sports, politics, culture and more.” Cryptocurrency exchange Coinbase announced the rollout of prediction markets offering in all 50 US states in partnership with Kalshi. In a Wednesday X post, Coinbase said it was offering trades on “any real-world outcomes across sports, politics, culture and more” following the launch of prediction markets. The announcement followed the exchange’s plans for onchain prediction markets in partnership with Kalshi in December. Event contracts on prediction market platforms such as Kalshi and Polymarket allow users to bet on the outcomes of a variety of topics, from sporting events to US politics, with the probability of each event assigned by user participation. The launch came about a week ahead of one of the biggest sporting events in the US, the National Football League’s Super Bowl championship game. Read more
The funding represented a 37% increase in Fairshake’s cash on hand since it last disclosed its holdings in July 2025. Crypto-backed political action committees (PACs) are gearing up for the 2026 US midterm elections, with industry-funded groups signaling plans to expand their influence as debates over digital asset regulation intensify on Capitol Hill. Fairshake, the cryptocurrency industry-backed PAC, disclosed on Wednesday holding $193 million in cash on hand ahead of this year’s US midterm elections. In an announcement shared with Cointelegraph, Fairshake spokesperson Josh Vlasto said the PAC had received $25 million from Ripple Labs and $24 million from a16z in addition to a $25 million contribution from cryptocurrency exchange Coinbase in 2025. According to Vlasto, these donations contributed to Fairshake having more than $193 million in cash on hand as of January, about a 37% increase since it last disclosed its holdings in July. At the time of publication, the $193 million figure was not publicly avai...
Bitcoin retreated from intraday highs after the US Fed left interest rates unchanged, but futures market data suggests traders may attempt to seize the short liquidity in BTC’s $93,500 range. Bitcoin (BTC) staged a quick rally to $90,600 on Wednesday, but the gains evaporated as the US Federal Reserve decision to forgo an interest rate cut was announced. Despite the whipsaw price action from Bitcoin, data shows traders eyeing a potential move to $93,500. One analyst said that the price level stands out as a key liquidation zone, with over $4 billion in leveraged short positions at risk of liquidation. Key takeaways: Over $4.5 billion in BTC short liquidations sit near $93,500, making it a possible stop-hunt level for traders. Read more