Coinbase stock will be ‘weighed down’ until US rules are clear: Citi
The investment bank has downgraded Coinbase stock to “neutral" amid the exchange’s ongoing battle with United States regulators.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The investment bank has downgraded Coinbase stock to “neutral" amid the exchange’s ongoing battle with United States regulators.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
China central bank probes Solana after Shanghai shutdown, report
China’s central bank has launched an investigation into Solana after authorities shut down an “illegal” promotional Solana event l...
Bank of Russia Clears Bitcoin, Ether and USDT Rules for Nov. 17
Non-qualified investors face testing and a 300,000-ruble annual purchase cap per intermediary, while Moscow Exchange targets a Dec...
Kalshi Users Pour $300 Million Into Stock Perps Within Hours of U.S. Debut
Kalshi, the CFTC-regulated prediction market, rolled out perpetual futures tied to individual U.S. stocks on Nov. 5 and said it is...
Kalshi, Coinbase stock perps under threat ahead of CFTC deadline
Tomorrow will be a climactic moment in a competitive battle between the Chicago Board Options Exchange (CBOE), Kalshi, and Coinbas...
Nigeria’s Central Bank Now Requires Offshore Stablecoin Issuers to License Locally
Stablecoin issuers based abroad can no longer serve Nigerian users on the strength of a foreign license under a new rulebook from...
Bitcoin Slides to a Seven-Week Low Near $75,200 as AI Stocks Drag Wall Street Lower
Bitcoin fell about 5.9% in the 24 hours to 3 a.m. ET Friday, sliding from about $80,360 to $75,620 on Binance as a selloff in arti...