As Base, the Ethereum L2 blockchain developed by Coinbase, continues its meteoric growth, bots, Sybil attacks, and airdrop hunters are swarming the network. Human Passport, formerly Gitcoin Passport, has launched a new suite of Sybil resistance tools built specifically for the Base ecosystem to safeguard its rapidly expanding user base. Base, which recently surpassed over … Read more
In brief Coinbase’s top analyst said Thursday that the increasing dependence of publicly traded companies on Bitcoin could lead to disaster for the broader crypto market, should BTC’s price decline. Numerous companies that have collectively purchased billions of dollars worth of BTC would likely have to sell off the tokens to pay back investors all … Read more
Stablecoins are projected to drive a sharp increase in demand for U.S. Treasurys and strengthen the dollar’s global dominance, with their market expected to surpass $2 trillion by 2028, according to the U.S. Treasury Secretary. US Treasury Sees Stablecoins as Strategic Dollar Expansion Tool Amid $2 Trillion Forecast U.S. Treasury Secretary Scott Bessent testified before … Read more
Bitcoin Galaxy Digital CEO Mike Novogratz believes Bitcoin could eventually reach $1 million, a 10x increase from current levels, as adoption continues to grow across demographics and institutions. In a June 13 interview with CNBC, Novogratz laid out his long-term bullish thesis for Bitcoin, comparing its trajectory to that of gold. Bitcoin as Digital Gold: … Read more
Coinbase has launched a new metal credit card for US users that gives up to 4% cashback in Bitcoin on every single dollar spent, starting this fall. The product, called the Coinbase One Card, was announced during the company’s State of Crypto Summit in New York, where CEO Brian Armstrong confirmed that only US-based Coinbase … Read more
On Thursday, bitcoin slid into a steady decline, slipping beneath the $106,000 threshold and touching a fresh intraday low of $105,798. By 7:30 p.m. Eastern time on June 12, the top cryptocurrency had dropped 2.3% against the greenback. Bitcoin’s Slump Sends Waves Through $3.32T Crypto Market Overall, the mood stays gloomy, with bitcoin traders likely … Read more
In brief Coinbase and Shopify partnered to advance stablecoins in ecommerce. Early access for USDC payments on Base is now live for select merchants, rolling out more broadly throughout the year. The pair also collaborated with payments giant Stripe to build an open source payment protocol. Consumers will soon have the option to buy anything … Read more
Altcoins continue to perform well and investor sentiment has turned bullish on several well-known coins. There are growing signs of a potential altcoin season, with this narrative increasingly dominating the market. While crypto markets declined on Thursday, June 12—bringing the total market cap down 2.44%, the altcoin market has been rallying over the past week. … Read more
USDC’s native launch on the XRP Ledger ignites a powerful new phase in cross-chain finance, unlocking real-time payments, seamless liquidity, and zero-bridge stablecoin integration. USDC Goes Native on XRP Ledger, Supercharging Its Blockchain Interoperability Financial technology company Circle Internet Group (NYSE: CRCL) announced on June 11 that its regulated stablecoin USDC is now available natively … Read more
Coinbase also announced perpetual futures contracts and 4% cash back on BTC with a Coinbase credit card. Coinbase, the largest U.S.-based centralized crypto exchange (CEX), announced a flurry of announcements today, including perpetual swaps, a BTC rewards credit card, and access to assets trading on Ethereum Layer 2 Base, directly on the Coinbase app. At … Read more