Coinbase is acquiring The Clearing Company to build out its new prediction markets feature. The deal is expected to close in January. It’s a bold move into a tricky, but potentially huge, market.
Coinbase is making a major infrastructure play for its new prediction markets business. The crypto giant is acquiring The Clearing Company, a startup founded by veterans of Kalshi and Polymarket.
iRobot, the maker of Roomba, has filed for Chapter 11 bankruptcy and will be acquired by its Chinese manufacturer. Founder Colin Angle points to protected Chinese markets and a failed Amazon acquisition as the core reasons for its collapse.
Intuit, the fintech giant behind TurboTax and QuickBooks, is partnering with Circle to integrate the USDC stablecoin as a core payment rail. The move aims to offer 100 million customers near-instant, low-cost transactions. This is a major validation of stablecoins for mainstream finance.
Elon Musk just secured a massive legal victory, reinstating a $56 billion Tesla pay package that a court had tossed out last year. The win makes him $139 billion richer, fueling his stated mission to fund a Mars colony. But a closer look reveals the timeline and logic behind his grand ambition are d
Starbucks has named Amazon grocery technology leader Anand Varadarajan as its new Chief Technology Officer. He starts on January 19, 2025, reporting directly to CEO Brian Niccol. The move is a key part of the “Back to Starbucks” turnaround effort launched last September.
The Swedish fintech giant Klarna is diving deeper into crypto. Its new partnership with Coinbase will allow institutional investors to provide capital using stablecoins, a move that follows the launch of its own KlarnaUSD token in late November 2023.
Liberty Global is continuing its European sell-off, agreeing to sell UPC Slovakia for €95 million. The deal values the unit at about 7x its projected 2025 EBITDA.
Coinbase is launching access to prediction markets through a partnership with Kalshi. The move follows Robinhood’s rapid growth in event-based trading, with billions of contracts traded last quarter.
Lovable, an AI-powered coding platform, just secured funding from a who’s who of tech VCs after hitting $200 million in annual recurring revenue. Its “vibe-coding” approach lets users describe software in plain language, promising to turn anyone into a builder. But is it too good to be true?
