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The U.S.-based crypto exchange reported total first-quarter revenue of $1.41 billion, down 31% when compared to the same period in 2025.Coinbase CEO Brian Armstrong said the company is transforming from a “spot-focused crypto platform to a place” where users can trade many asset classes.

Crypto exchange Coinbase reported a consecutive quarterly loss as transaction revenue plummeted 40% amid a volatile market.

Coinbase CLO Paul Grewal said he is “very confident” the Clarity Act will pass before summer ends, urging banking trade associations to accept the deal.Grewal dismissed the banks’ core deposit-flight objection as unsubstantiated, warning that rejection of the compromise leaves them subject to the GENIUS Act and considerably less favorable laws.

Centrifuge was named as a partner for launching tokenized assets on Base, the Ethereum blockchain incubated by Coinbase.The firms have an existing relationship, with Coinbase contributing to Centrifuge’s previous funding rounds, as well as Centrifuge launching assets on Base, including the first licensed onchain S&P 500 index fund.

Coinbase has launched support for self-managed super funds in Australia, offering trustees a compliant way to access crypto.Such self-directed investment funds held an estimated AU$1.06 trillion ($758.2 billion) in assets at the end of last year, according to official data.

Coinbase CUSHY targets yield from three sources: public digital credit, private asset-based lending through Apollo, and structural alpha from tokenisation incentives and on-chain market positions.CUSHY is the first external fund issued on Superstate’s FundOS platform, which already manages over $1 billion in AUM through Superstate’s own USTB and USCC products.COIN stock rose 3.7% on the April 30 announcement as the fund arrives amid the CLARITY Act debate over whether stablecoin yield can be offered directly to users.

Finance Minister Dario Durigan said some 28 betting platforms were banned in the country amid rising concerns about online gambling.A researcher for The Block found that both Kalshi and Polymarket were inaccessible in the country.

NYAG Letitia James took particular issue with the platforms allowing people between the ages of 18 to 21, but New York State law says that a person has to be “at 21 years old to participate in mobile sports betting.”Prediction markets have been caught in a sort of regulatory limbo over the past few months.

Most crypto-related stocks now have their own unique business models that respond to different drivers.The following is excerpted from The Block’s Data and Insights newsletter.

Financial giant Charles Schwab is set to launch spot buying of Bitcoin and Ethereum by the end of the quarter, the firm said Friday.

Coinbase CLO Paul Grewal said in an interview with Fox Business that the stablecoin yield debate in the upcoming Clarity Act is “very close” to reaching a deal.Grewal said banks should not conflate the stablecoin yield issue with other challenges they are facing today.