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Coinbase Q3 earnings: record USDC, trading volume gains

, 6 items in Tech VIPs, 3 min read

In this digest (6 items)

Coinbase reports Q3 earnings with record USDC holdings and doubled crypto trading volume market share since last year. The company also cites $200M+ annualized revenue from prediction markets and >60% daily trader growth QoQ.

Key points

  • 14th consecutive ATH of average USDC in Coinbase products

  • $200M+ annualized revenue from prediction markets in Q3, >60% daily trader growth QoQ

Sources

Binance loss ~1bn, 0.69% of 144bn assets under custody

Binance has 144 bn of assets under custody. A loss of about 1 bn, or 0.69% of those assets, is claimed and will be covered from the balance sheet.

Key points

  • Assets under custody: 144 bn

  • Loss amount: ~1 bn (0.69% of assets)

Sources

Binance hack, $5.7B outflows across Ethereum, Bitcoin, TRON

Binance hack reported with outflows of $5.7 billion across Ethereum, Bitcoin, and TRON networks. Includes $1.45 billion Bitcoin and $875 million ETH losses.

Key points

  • Outflows total $5.7 billion across Ethereum, Bitcoin, and TRON.

  • Bitcoin loss $1.45 billion; ETH loss $875 million.

Sources

Binance.US not affected by Binance.com security incident

Binance.US not affected by the reported Binance.com security incident; its platform remains separate and funds are safe. Customer funds and services are secure and operating normally.

Key points

  • Binance.US is not affected by the reported Binance.com security incident.

  • Customer funds and services are secure and operating normally.

Sources

BallotBench live benchmark launches AI election forecast

BallotBench launches a live benchmark where nine frontier AI agents predict the 2026 US midterms from now until Election Day on Nov 3. The site provides live feeds of agents’ research, revised predictions and calls.

Key points

  • Nine AI agents compete to forecast the 2026 US midterms.

  • Forecast period runs from today through Election Day, Nov 3.

Sources

Polymarket supply chain attack cancels trades

Polymarket experienced a supply chain attack that executed arbitrary code on the frontend to cancel all trades and exfiltrate funds. The attack used a compromised third-party provider and was reported to law enforcement.

Key points

  • Supply chain attack executed arbitrary code on the frontend.

  • Cancelled/exit all trades, inflating gamblers’ balances and exfiltrating them to attacker-controlled wallets.

Sources