Coinbase is buying The Clearing Company as it expands into prediction markets and broadens its product lineup beyond crypto trading. Coinbase has agreed to acquire The Clearing Company, an on-chain prediction markets startup that spans digital assets, politics, sports and culture, as it expands its push to become an “Everything Exchange” offering a broad range of investment products. In an announcement shared with Cointelegraph, Coinbase said it has entered into a definitive agreement to acquire The Clearing Company, with the transaction expected to close in January. Financial terms of the deal were not disclosed. The acquisition marks a rapid turnaround for The Clearing Company, which was founded earlier this year and counted Coinbase Ventures among its investors in a $15 million funding round alongside Union Square Ventures, Haun Ventures and several other venture firms and angel investors. Read more
The Trump family’s crypto project, World Liberty Financial, has seen its fair share of controversy, and its token is ending the year significantly down. World Liberty Financial, the Trump family’s crypto portfolio project, started the year with high hopes. But as the year draws to a close, the fund has barely seen gains. US President Donald Trump announced the launch in September 2024 while he was still on the campaign trail for the 2024 elections. Led by his sons Donald Trump Jr. and Eric Trump, it marked a significant shift in tone for crypto policy in the US. The program started strong. It launched its own World Liberty Financial (WLFI) governance token and made large acquisitions of high-market-cap cryptocurrencies. Read more
Ghana legalizes cryptocurrency and gives its central bank authority to regulate and license providers to reduce fraud and systemic risks. Ghana has legalized cryptocurrency trading by establishing a regulatory framework targeting the industry. Ghana’s parliament has passed the Virtual Asset Service Providers Bill into law, Bank of Ghana (BoG) Governor Johnson Asiama said, according to a report on Sunday by the state-owned Daily Graphic news agency. “Virtual asset trading is now legal, and no one will be arrested for engaging in cryptocurrency, but we now have a framework to manage the risks involved,” Asiama said on Friday at the BoG’s annual Nine Lessons, Carols and Thanksgiving Service. Read more
Crypto funds broke three weeks of net positive flows, after US investor sentiment took a hit following delays to the long-awaited CLARITY Act, set to reach the Senate in January 2026. Crypto investment products saw $952 million in outflows, marking the first red week in four, as investor sentiment took a hit due to delays to a key US crypto regulatory bill. Crypto exchange-traded products (ETPs) recorded $952 million in outflows, led by $555 million for Ether (ETH) funds and $460 million for Bitcoin (BTC) funds. The large-scale outflows were mainly attributed to delays to the Digital Asset Market Clarity Act, or Clarity Act, a matter that prolonged "regulatory uncertainty and concerns over whale selling," according to a CoinShares report published Monday. Read more
Binance let a network of 13 high‑risk accounts move $1.7 billion in crypto, including $144 million, after its 2023 US plea deal, according to the Financial Times. Binance reportedly continued to allow suspicious accounts to move funds in crypto even after the exchange pledged to tighten controls as part of its $4.3 billion US criminal settlement in 2023. According to internal data reviewed by the Financial Times, a network of 13 user accounts processed about $1.7 billion in transactions from 2021, including roughly $144 million after the November 2023 plea agreement. The files reportedly include Know-Your-Customer (KYC) documents, IP and device logs, and transaction histories for users in countries including Venezuela, Brazil, Syria, Niger and China. Read more