11-8
Ireland's Central Bank Fines Coinbase €21.5 Million for Anti-Money Laundering Breaches
Coinbase Europe Limited has been fined €21.5 million by the Central Bank of Ireland for breaching anti-money laundering and counter-terrorist financing regulations between April 2021 and March 2025. The exchange failed to monitor over 30 million transactions worth more than €176 billion, representing approximately 31% of its total activity during a period of technical disruptions. Following a nearly three-year review, Coinbase filed 2,708 suspicious transaction reports with Irish authorities.
11-8
11-8
JPMorgan raises IREN price target to $28 on $9.7 billion Microsoft AI contract
JPMorgan increased its December 2026 price target for IREN to $28 from $24, citing the company's $9.7 billion Microsoft contract as validation of its pivot from bitcoin mining to AI infrastructure. Analysts project IREN will need to deploy approximately 120,000 GPUs and 320 megawatts of capacity within 13 months. The buildout is expected to require more than $9 billion in capital expenditure despite Microsoft's upfront payment.
11-8
11-7
Columbia University Study Finds 25% of Polymarket Volume Linked to Wash Trading Over Three Years
A Columbia University study identified wash trading in approximately 25% of Polymarket's transaction volume across three years. The research, published on SSRN, analyzed blockchain data from Polygon and found artificial trading activity peaked at 60% of total volume in December and stood at around 20% in early October. Polymarket is preparing to re-enter the U.S. market through its acquisition of QCX.
11-7