Coinbase says it will fight for the federal oversight of prediction markets.

Coinbase (COIN) stock gains as Bitcoin hits $93,259 and the exchange launches crypto lending in the UK through Morpho DeFi protocol.

What Happened? Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 5.9% in the afternoon session after the company rebounded from a sell-off in the previous session, driven by a series of positive developments including a key bullish Bitcoin indicator on its platform and the listing of new digital assets.

Coinbase stock gets a target boost ahead of earnings next month.

Coinbase and Bitcoin have lost 8% and 10% year to date, respectively, as I write this, but it looks like both could be turning a corner price-wise. Bitcoin recently reached $77,000, its highest price since early February. It is too early to say whether its price has actually bottomed, but its recent gains are a good sign.

Prediction market platform Kalshi is moving onto Coinbase’s turf by launching crypto perpetual futures, aiming to capture the massive demand for digital asset derivatives within a regulated U.S. framework.

Risk assets, like Coinbase and Robinhood, gained on the extended pause in fighting between the U.S. and Iran.