
Coinbase to Launch Prediction Market with Kalshi Partnership
Coinbase is set to launch a new prediction market in partnership with federally regulated exchange Kalshi, with a formal announcement expected on December 17.

Aaron Hayes is a corporate finance correspondent for Wealtoro, specializing in venture capital, mergers and acquisitions, and the financial strategies of technology companies. He reports on major funding rounds and corporate pivots shaping emerging industries.
Portfolio

Coinbase is set to launch a new prediction market in partnership with federally regulated exchange Kalshi, with a formal announcement expected on December 17.

Paramount has launched a hostile takeover bid for Warner Bros. Discovery, directly challenging a recent $72 billion acquisition deal announced by Netflix.

SoFi Technologies stock dropped over 7% after the company announced a plan to raise $1.5 billion by selling shares at a discounted price of $27.50.

Goldman Sachs has agreed to acquire ETF issuer Innovator Capital Management for $2 billion, a deal that makes co-founder Bruce Bond a billionaire due to his majority stake.

Omaha-based American National Bank is set to be acquired by Wisconsin's Associated Banc-Corp in a deal valued at approximately $604 million.

Ark Invest, led by Cathie Wood, made significant investments in late November, purchasing over $56 million in Google shares and millions more in crypto firms.

MicroStrategy faces a potential multi-billion dollar sell-off as index provider MSCI considers excluding companies with large Bitcoin holdings from its global benchmarks.

Trump Media and Technology Group (TMTG) now holds over 11,500 Bitcoin valued at more than $1.3 billion, making it a major corporate crypto holder.

Thousands of Bank of America customers reported issues with mobile and online banking services on Friday, with many unable to view accounts or seeing incorrect balances.

Block reported $1.97 billion in Bitcoin revenue for its third quarter, though its overall earnings and revenue missed analyst expectations, causing shares to fall.

Fintech company Chime has raised its 2025 revenue forecast after a strong third quarter, driven by a 21% increase in active users to 9.1 million.

Financial technology firm Ripple has raised $500 million in a funding round led by Wall Street giants, pushing its valuation to an impressive $40 billion.

Super Micro Computer shares dropped after the AI server maker missed quarterly estimates due to delivery delays, pushing $1.5 billion in revenue to the next quarter.

Amazon shares surged to a record high of $255 after the company announced a seven-year, $38 billion cloud computing deal with artificial intelligence firm OpenAI.

The cryptocurrency market is experiencing a significant correction, with Bitcoin and Ethereum leading a widespread decline that has sent most altcoins into double-digit losses.

Ether's price fell as much as 9% to below $3,600 on Monday, following a security breach on the Balancer DeFi protocol that may have exceeded $100 million in losses.

Streaming giant Netflix is exploring a potential acquisition of Warner Bros. Discovery, a move that could significantly reshape the entertainment industry.

Strategy reported a Q3 profit of $2.8 billion, a sharp drop from the prior quarter, as the company slowed its bitcoin purchases amid a cooling crypto market.

Core Scientific shareholders have rejected a $9 billion all-stock merger with AI firm CoreWeave, citing undervaluation and concerns over stock volatility.

UnitedHealth Group reported a 12% revenue increase to $113 billion in Q3, driven largely by federal Medicare payments despite a drop in commercial plan members.