Coinbase Rolls Out Derivatives for UK Professional Investors

Coinbase launched a suite of derivatives for professional investors in the United Kingdom, with perpetuals, dated futures, and crypto options arriving progressively over the coming weeks. Access is restricted to clients meeting the eligibility requirements for professional classification.

The offering spans more than 170 contracts across crypto, commodities, equities, and foreign exchange. Perpetuals trade around the clock at leverage reaching 50x, while dated futures carry fixed settlement dates at up to 20x, and options cover calls, puts, and multi-leg strategies.

The rollout follows a recently secured MiFID licence that expanded the exchange's permissions to offer derivatives in Britain. It lands a week after UK users gained access to nearly 4,000 US stocks alongside their crypto and fiat holdings.

The move adds another category to an Everything Exchange strategy already spanning equities, stablecoins, savings, and borrowing. Coinbase reported 88% of second-quarter net revenue came from sources beyond bitcoin spot trading, with global volume share hitting a record 10.3%.

Trump Media Books $360.6 Million Digital Asset Loss

Trump Media recorded a $360.6 million unrealized loss on digital assets across the first half, alongside a $238.1 million net loss for the second quarter. Combined holdings carried a fair value of $597.7 million as of June 30, down from $904.4 million.

The company held 9,477 BTC worth $557.1 million and 756.1 million Cronos worth $40.6 million at period end. It ranks as the 12th-largest public bitcoin treasury, with 4,260 BTC pledged as collateral against convertible notes.

Riot Signs $9.1 Billion AI Data Center Lease With Anthropic

Riot Platforms signed a 20-year data center lease with a leading frontier AI lab, expected to generate roughly $9.1 billion in contract revenue. Bloomberg identified the counterparty as Anthropic, and Riot shares surged 25% after hours.

The agreement covers 191 megawatts at the Rockdale campus in Texas through June 2048, with two extension options lifting potential value to $16.1 billion. Delivery phases begin with 96 megawatts targeted for December 2027, backed by $573 million in Morgan Stanley financing.

Bitcoin ATMs Pulled in Australia as Regulators Tighten

Australia's financial crime regulator suspended the registration of Cryptolink for three months, shutting the 96 crypto ATMs it operates. AUSTRAC cited failures to meet basic reporting obligations, particularly threshold transaction reports, alongside ignored requests for information.

The country hosts roughly 1,800 crypto ATMs, the most in Asia Pacific, up from just 23 machines in 2019. Federal police estimate about $275 million flows through Australian machines annually, and the suspension runs until November 9.

Data of the Day

The count of new Bitcoin addresses climbed from roughly 260,000 to over 330,000 last week, sharply reversing a downward trend that had persisted through most of the year. The surge tracks apparent wallet migrations tied to the ongoing Coldcard exploit.

Coinkite users have lost at least 1,816 BTC worth about $116 million across four theft waves since July 30, traced to a 2021 firmware bug that weakened seed generation. Coinkite has urged affected holders to migrate to freshly created wallets, driving much of the spike.

More Breaking News

• Strategy sold another 1,690 BTC for $108.6 million, trimming holdings to 840,447 coins while Michael Saylor's firm lifted its dollar reserve to $4.65 billion.
• eToro agreed to acquire TradeZero for up to $231 million, deepening its US equities push, though the stock tanked more than 10% on the announcement.
• FlightAware sued Kalshi over flight cancellation data, arguing the prediction market used its trademark without permission and created incentives to interfere with air travel.
• Luke Dashjr was removed as a Bitcoin BIP editor after the BIP-110 fork stalled, with developers accusing him of abusing editorial authority to fast-track the proposal.
• Vitalik Buterin put privacy and quantum resistance front and center in Ethereum's latest roadmap, adding privacy pools and zero-knowledge tooling absent from the 2023 plan.
• The Bank of Russia proposed admitting bitcoin, ether, and USDT to regulated exchange trading, with non-qualified investors capped at about $3,650 annually per intermediary.
• Grayscale quietly withdrew registration statements for Cardano, Polkadot, and Hedera ETFs, filing three requests within four minutes as all three tokens shed value.
• Hidden text in PDFs can hijack Atlassian's Rovo assistant, security firm PromptArmor warned, quietly shipping Jira tickets and Confluence documents to attacker-controlled URLs without any approval click.