$BTC is down since the Asia close. As of now $BTC is trading at $80,025 and $ETH is trading at $2,290. Bitcoin dominance stands at 60.93%.
Coinbase posted a $394M Q1 net loss as falling crypto prices caused a $482M loss on its investment holdings, while total revenue fell 31% YoY to $1.41B and transaction revenue dropped 40%. Brian Armstrong said Coinbase is reducing reliance on spot trading by expanding into derivatives, prediction markets, and stablecoin-driven institutional revenue.
A few other headlines include: Kraken acquires Reap, an Asia-based stablecoin infrastructure company, for $600M; Kalshi raises $1B at a $22B post-money valuation; and South Korea will begin virtual asset taxation in January 2027.
During the last 24 hours, the top three gainers were $JTO, $DYDX, and $SIREN, while the top three losers were $SKYAI, $UB, and $HASH.
