Sep 21, 2026
A federal jury convicted Japheth Dillman, founder of Block Bits Capital, of wire fraud and conspiracy after he raised nearly $1 million from over 20 investors by falsely claiming his crypto fund used a complete, working proprietary automated trading system. The 48-year-old San Francisco resident faces sentencing for operating the fraudulent crypto trading fund.
Coinbase reported a $359 million net loss for Q2 2026 on revenue of $1.22 billion, below the $1.29 billion consensus. This marks the company's third consecutive quarterly loss as crypto trading activity slowed, though prediction markets revenue doubled and trading market share hit a record 10.3%.
Cryptocurrency exchange Kraken has added a Nasdaq 100 market to its Kraken Prop funded-account trading program, marking the program's first expansion beyond cryptocurrency. Kraken said the market is available 24/7, with no contract expiry, rollovers, or forced weekend closures.
Gemini integrated AI models including Claude and ChatGPT to enable automated trading strategies through an open protocol. The exchange describes it as the first agentic trading tool available directly through a regulated US-based exchange.
Crypto traders executed over $500 million in synthetic oil futures on decentralized exchange Hyperliquid over the weekend, betting on crude price movements as Iran's closure and reopening of the Strait of Hormuz created volatility.