US Top News and Analysis | Crypto companies are trying to leave the hype cycle for a more disciplined phase, earnings show

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Crypto firms are shifting from a reliance on volatile trading revenue to more diversified, stable business models as the market cools. First‑quarter earnings showed a steep drop in transaction and staking income for exchanges such as Coinbase and Robinhood, prompting both to expand into derivatives, event contracts, tokenized commodities and other financial services. Gemini is adding predictions, derivatives, a consumer credit card and plans to launch stocks, while Bullish is pursuing a $4.2 billion acquisition of global transfer agent Equiniti to become a broader capital‑markets infrastructure provider. Circle reported solid earnings driven by its USDC stablecoin and its Arc blockchain platform, and treasury‑focused firms like Strategy and Sharplink are moving toward active on‑chain management rather than holding assets passively. Across the sector, companies are aiming to generate steady revenue streams that can weather crypto’s boom‑and‑bust cycles.

Read more: https://www.cnbc.com/2026/05/20/crypto-is-trying-to-leave-the-hype-cycle-for-a-more-disciplined-phase.html

#Coinbase #Robinhood #Gemini #Bullish #Circle #CameronWinklevoss #MichaelSaylor

US Top News and Analysis | Gemini sets sights on derivatives expansion after winning key U.S. regulatory approval

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Gemini has received approval from the U.S. Commodity Futures Trading Commission to operate its own regulated derivatives clearinghouse, allowing the crypto exchange to clear and settle trades in‑house and giving it greater control as it expands into prediction markets and perpetual futures. Co‑founder Cameron Winklevoss said owning the full marketplace “is powerful,” enabling faster, more responsive products and positioning prediction markets as a potential long‑term growth engine comparable to traditional capital markets. The clearance comes amid a lawsuit by New York’s attorney general over the classification of Gemini’s prediction‑market products and follows a steep post‑IPO decline that has seen the stock tumble from its debut high, prompting investor scrutiny over losses, executive turnover and a strategic shift toward AI‑driven trading and broader asset offerings such as equities. Industry peers like Robinhood and Coinbase are also moving into prediction markets, highlighting a sector‑wide push toward derivatives that can provide steadier revenue than spot crypto trading.

Read more: https://www.cnbc.com/2026/04/30/gemini-sets-sights-on-derivatives-expansion-after-winning-key-us-regulatory-approval.html

#Gemini #CFTC #CameronWinklevoss #LetitiaJames