Tuesday, January 16, 2024

Coinbase offering custody, trading, and financing to a majority of bitcoin ETF issuers, including BlackRock, poses concentration risk and may intensify scrutiny (Bloomberg)

Bloomberg:
Coinbase offering custody, trading, and financing to a majority of bitcoin ETF issuers, including BlackRock, poses concentration risk and may intensify scrutiny  —  - Coinbase provides custody, trading, financing for ETF issuers  — Arrangements pose concentration risk, may intensify scrutiny



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...