☕️ Coinbase Posts $719M Q3 Net Income as Prediction Markets Boom Coinbase reported $719 million in Q3 net income as its prediction markets surged, while Deribit braces for an $11 billion Bitcoin options expiry.
1. Coinbase Reaches $719M Net Income on Subscription Growth — The exchange reported Q3 2026 net income of $719 million and adjusted EBITDA of $333 million [1]. Prediction markets passed a $200 million annualized revenue run rate, compounding at 82% quarterly [1]. Subscription and services drove 49% of net revenue as aver 2. Deribit Braces for $11 Billion Bitcoin Options Expiry — About $11 billion in $BTC options covering 135,000 Bitcoin expire Friday on Deribit [3]. The open interest features a 0.52 put-to-call ratio and max pain at $78,000, with 86% of contracts out of the money [3]. The expiry follows a 10-2 vote by the Federal Rese 3. Malicious Script Injection Drains Polymarket User Assets — Researchers found a wallet-draining JavaScript payload loaded into Polymarket via a third-party DebugBear integration on Oct. 29 [2]. The script hijacked active trading signers to liquidate positions, with one user losing $800,000 [2]. Polymarket removed the c 4. Tether to Issue Native USD₮ on Bitcoin via RGB Protocol — Tether plans to launch $USDT on the client-side asset issuance protocol RGB [6]. The protocol recently activated on the Bitcoin mainnet with its 0.11.1 release, supporting private transfers and offline stablecoin payments [6]. 5. French Senate Advances Cross-Border Crypto Tax Sharing Bill — The French Senate approved a bill adopting the OECD's Crypto-Asset Reporting Framework, advancing it to the National Assembly [4]. The European Commission intends to build a central repository for cross-border DAC8 crypto tax filings by late 2026 [4].
📊 Bitcoin dropped 3% to $78,803, Solana fell 6% to $96.22, and the total market cap declined 2.5% to $2.62 trillion.
