Coinbase launches Coinbase Wrapped BTC (cbBTC) on Solana, expanding from Base and Ethereum. cbBTC, an ERC-20 token backed 1:1 by Bitcoin, enhances user flexibility and access. Coinbase Q2 2024 revenue more than doubled to $1.45B.
TrueX, a non-custodial crypto exchange launched by ex-Coinbase and Goldman Sachs veterans, is now available to US institutional investors. Using stablecoins like PYUSD for settlements, it secured $9M seed funding from RRE Ventures and Solana Foundation.
Coinbase launches $cbBTC, a wrapped Bitcoin token backed 1:1 by BTC on Base and Ethereum. Supported by DeFi platforms like @Aerodrome, @CurveFinance, @AaveAave, and Maple, cbBTC aims to enhance Bitcoin’s interaction with DeFi applications.
Bitcoin accumulation on $COIN and @krakenfx surges amid market volatility, with buy/sell ratios at 123% and 250% respectively. Larger transaction sizes and institutional investors drive this trend, indicating potential market stability despite recent fluctuations.
Coinbase’s AI agents have completed the first AI-to-AI cryptocurrency transaction using $USDC. This milestone highlights AI’s capability to independently perform financial tasks, potentially transforming the AI and crypto sectors with new efficiencies and opportunities.
$COIN and $XRP invest $100M in 2024 U.S. elections. Fairshake PAC receives $90M from Coinbase and Ripple, $44M from a16z founders. Crypto firms surpass Big Oil in political spending, achieving outcomes in 36 of 42 cases.
Coinbase will increase its $USDC holdings on the Base network starting March 26 for lower fees and faster settlements. Currently, 17% of its $220.7M USDC is on Base, with 70% on Ethereum. @Coinbase encourages others to adopt on-chain solutions.
Coinbase will migrate $MATIC tokens to $POL starting Aug. 26. Trading for both tokens begins Sept. 4. $MATIC transactions paused Aug. 26-Sept. 10. $MATIC staking rewards continue during migration. $POL enhances Polygon’s network efficiency.
U.S. gov transfers 14,000 $BTC to Coinbase Prime are confirmed as sales by legal expert Scott Johnson. Bitcoin slips to $59,155, down 3% this week. U.S. still holds $12.4B in crypto assets. #Bitcoin #CryptoNews
Coinbase criticizes CFTC’s proposed ban on US political betting, arguing it could harm prediction markets beyond politics. Polymarket, meanwhile, sees $1.1 billion in political bets despite regulatory threats. #CryptoRegulation
Coinbase opposes CFTC’s proposed ban on political event betting, citing potential harm to the broader prediction market. Polymarket users have wagered $560M on the US presidential race. Regulatory shifts could reshape prediction and crypto markets. #CryptoRegulation
The SEC seeks to dismiss @Coinbase’s request for 3M documents, including SEC Chair Gensler’s emails, calling it burdensome and irrelevant. Coinbase’s Paul Grewal stresses transparency in crypto regulation. This case may shape future crypto laws. #CryptoRegulation
.@CoinbaseDerivs to launch margined futures for $AVAX, $LINK, $DOT, $XLM, and $SHIB on July 15, regulated by the CFTC. This milestone aims to enhance market accessibility and risk management. #CryptoNews
Coinbase adds VeChain ($VET) and VeThor to its asset roadmap, causing $VET to surge 11% to a 16-day high of $0.01899. This move signals potential growth and increased investor confidence. #Crypto #Update
