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The stablecoin firm Circle says it’s officially launched a new testnet designed to serve as an economic operating system for the internet. Over 100 companies from finance, tech and payments sectors are participating in the layer-1 launch. Arc aims to offer predictable dollar-based fees, sub-second transaction finality and configurable privacy. Circle CEO Jeremy Allaire says it will integrate directly with Circle’s platform to support lending, capital markets, foreign exchange and global payments. “With Arc’s public testnet, we’re seeing remarkable early momentum as leading companies, protocols, and projects begin to build and test. Combined, these companies reach billions of users, move, exchange, and custody hundreds of trillions in assets and payments, and support local economies across Africa, the Americas, Asia, Europe, and the Middle East. This geographic diversity highlights a defining strength of Arc: its purpose-built to connect every l...

Coinbase director Conor Grogan is calling attention to a million-dollar pile of Binance’s native token, BNB, that has sat unclaimed for years. In a new post on X, Grogan urges citizens of Malta to start asking their government for the BNB that was donated to those suffering from terminal cancer on the southern European island in the Mediterranean Sea. Says Grogan, “In 2018, Binance and crypto users donated $200,000 in BNB to Malta Terminal Cancer Patients. The funds were never withdrawn and remain untouched, now worth $39 million due to the appreciation of BNB! Any Malta citizens, please let your government know that these funds are accessible.” BNB is a digital asset created and backed by the crypto giant Binance, and the charity initiative was launched as a partnership between Binance’s Blockchain Charity Foundation (BCF) and the Malta Community Chest Fund (MCCF). However, the two partners became entangled in a legal dispute with MCCF a...

Coinbase’s XRP futures will actually launch on August 18, 2025, and this is happening right alongside Solana derivatives trading. At the time of writing, XRP price prediction 2025 models are showing analysts targeting $10-$20 levels as the Ripple SEC’s lawsuit update continues to unfold. These Coinbase XRP futures represent a pretty major step for US crypto derivatives access right now. Coinbase XRP Futures, SEC Updates, SOL Derivatives & $20 XRP Targets Source: Watcher.Guru Coinbase XRP Futures Launch Details Get Confirmed Launching August 18. nano $SOL & nano $XRP US Perpetual-Style Futures are coming to Coinbase Derivatives. The expansion of our perpetual-style product suite marks another milestone in our mission to redefine market access for US investors. — Coinbase Institutional ️ (@CoinbaseInsto) July 29, 2025 The Coinbase Institutional has actually confirmed the launch date for nano XRP and nano SOL US Perpetual-Style Futures. The Coinbase XRP futures contracts will r...

XRP has recorded a notable large transaction after an unidentified whale moved 29.5 million tokens, worth approximately $63.8 million, to cryptocurrency exchange Coinbase. On-chain analysts often interpret such large transfers to exchanges as a bearish signal since they typically suggest the holder may be preparing to sell. Large inflows to centralized exchanges can increase short-term selling pressure, which may negatively impact prices.  The April 15 transaction comes amid growing hype around a potential spot XRP exchange-traded fund (ETF) approval.  XRP whale transfer to Coinbase. Source: Whale Alert XRP ETF hype Data indicates that XRP has taken the lead in the race for a spot cryptocurrency ETF. The token currently has at least 10 active ETF filings, more than any other altcoin, including Solana, Litecoin, and Dogecoin. Among the names of XRP ETF applications are Bitwise, ProShares, Grayscale, WisdomTree, Franklin Templeton, and Hashdex. ...

One of the many hopes for the new Trump administration, the end to the supposed war against the cryptocurrency industry, started bearing fruit in February 2025. Specifically, the U.S. Securities and Exchange Commission (SEC) began dropping multiple long-standing and high-profile cases against various digital assets companies.  The first of these wins came for the world’s largest publicly traded cryptocurrency exchange, Coinbase (NASDAQ: COIN). Though the decision remains subject to Commissioner approval, it would appear that the company is confident the matter has been resolved. Picks for you 'Rich Dad' Robert Kiyosaki: 'Bitcoin is on sale, I am buying' 46 mins ago Cronos introduces new prepaid card withdrawal Featu...

Wall Street investment banking giant Morgan Stanley is reportedly considering adding crypto trading to its online E-trade brokerage platform. According to a Jan. 2 report by The Information, the wealth manager’s decision is based on the anticipated friendlier digital asset policy in the US under incoming President Donald Trump, who wants to make the US “the world’s crypto capital.” Morgan Stanly Could Challenge Coinbase’s Dominance In the Market Morgan Stanley completed its acquisition of E-Trade in 2020 through a $13 billion all-stock deal. If Morgan Stanley adds crypto trading to E-Trade, it would make it one of the biggest traditional retail brokerages to implement support for digital asset trading. This could lead to some healthy competition for the leading US crypto exchange, Coinbase. Other traditional brokerage firms such as Robinhood, Fidelity and Interactive brokers already offer crypto trading on their respective platforms. Meanwhile, Charl...

Top US crypto exchange Coinbase has added support for three additional digital assets, including memecoin Gigachad (GIGA). Solana (SOL)-based GIGA, a crypto asset inspired by the photo shoot of Russian bodybuilder Ernest Khalimov, is up more than 39% from its $0.04911 low on Tuesday, the day it was listed on Coinbase. GIGA is trading for $0.06844 at time of writing. With a market cap of $657.9 million, Gigachad is the 183rd largest crypto project. Coinbase also added support for Magic Eden (ME) on the Solana network, a utility token for the Magic Eden non-fungible token (NFT) marketplace. Users can list their Solana-based NFTs for sale in ME and earn tokens from the sales as well, says the project. ME is trading for $5.15 at time of writing, down 12% in the last 24 hours. With a market cap of $673.5 million, ME is the 178th largest market cap. Lastly, Coinbase added support for Ethereum (ETH)-based Turbo (TURBO), a GPT-4 created memecoin inspired by a toad char...

A dog-themed rival of Dogecoin (DOGE) is continuing its post-election ascent after gaining support from top US-based crypto exchange platform Coinbase. In a new announcement, Coinbase says that popular meme asset dogwifhat (WIF), which launched less than a year ago in December 2023, is now available on its platform to buy, sell, end, send and convert. “dogwifhat is now live on [coinbase.com] and in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” News of the listing sent WIF flying from a low of $2.99 on November 13th to its current price of $4.05, a gain of 34%. The day before the 2024 presidential election, WIF has valued at just $1.92. WIF launched last year on the Solana (SOL) blockchain as a community-driven memecoin with a fixed supply. It displays the image of a Shiba Inu dog wearing a pink knitted hat and quickly gained popularity. Last month, pseudonymous crypto tra...

Zcash (ZEC) defied a wider crypto market downtick and jumped by 12% on Thursday as Coinbase rolled out a new feature for the privacy coin. ZEC outpaced the overall crypto market cap, which dropped by nearly 2% over the same time period, according to CoinGecko. The 141st-ranked crypto asset is also up nearly 29% in the past week. ZEC is trading at $32.95 at time of writing, up from $29.15 one day ago. On Thursday, Coinbase announced that its users can now send Zcash to TEX addresses. Zcash has multiple types of addresses, including transparent addresses (t-addresses) and private/shielded addresses (z-addresses), which employ zero-knowledge proofs to enable transaction data to be encrypted but remain verifiable by network nodes. Zcash TEX addresses are receiving addresses that require funds to be sent from transparent addresses. Explains the Zcash Wallet Blog, “TEX addresses make it impossible to send funds from a Shielded Address. In practice, that means ...

Coinbase’s (NASDAQ: COIN) Layer-2 (L2) network Base is one of the most popular second-layers built on top of Ethereum (ETH). On September 21, Base experienced an outage, going through 20 minutes without producing any blocks, similar to Solana’s outages. The event went unnoticed in the cryptocurrency market, with a discreet communication labeling it “degraded performance ” – after it was resolved. However, the problem was bigger than a simple “degraded performance,” as Base had its block production stalled, being effectively down. Jesse Pollak, creator of Base and leading developer on Coinbase, explained it was the network’s second outage since its creation. The first was resolved faster, leaving the blockchain 15 minutes without new blocks in early September 2023. Picks for you Cardano ‘flashing the...

In what is a massive development for the network, Coinbase has announced that it is bringing a wrapped Bitcoin offering (cbBTC) to the Solana network. Indeed, the cryptocurrency exchange unveiled the move at Solana’s Breakpoint 2024 event that took place in Singapore this past week. There is no specific launch date, but the expansion is certainly a testament to the blockchain’s popularity. Coinbase certainly isn’t alone. Traditional finance entities like Franklin Templeton and Citigroup announced that they would be launching services on Solana. Thereby, continuing to fortify its position in crypto. Source – Bitcoinist Also Read: Solana: Franklin Templeton & Citi Announce Network Adoption Coinbase cbBTC Coming to Solana as Network Notes Another Win There is no denying the prevalence of Solana. A network that had been dubbed the ‘Ethereum Killer’ is certainly living up to its name in 2024. It has been the go-to blockchain for several massive projects th...

Following the debut of the product Thursday, Coinbase’s wrapped Bitcoin offering (cbBTC) has reached a market cap of $100 million in just one day. The figure showcases a clear surge in adoption within its first 24 hours. Moreover, there are many who predict that it could take some of WBTCs market share. The product should also be massively important for overall activity on the Base platform. According to data from Dune Analytics, the supply of cbBTC has already surpassed 1,720 tokens. Subsequently, that supply accounts for a value of $99.8 million. Source – Coinbase Blog Also Read: Coinbase CEO Says Crypto Will Follow Instant Messaging Path to Adoption Coinbase cbBTC Surges to $100 Million Market Cap in Just 24 Hours Just yesterday, Coinbase announced the launch of a wrapped Bitcoin offering. In a press release, it noted the arrival of an ERC20 token that is fully backed, 1:1, by Bitcoin. The reserves are held by Coinbase, with both Base and Ethereum supporting the new cbBTC...

Although investors ‘have been heavily’ allocating to Solana throughout 2023, Ethereum will still be the top smart contracts platform in 2024, Coinbase says. In a new report titled “2024 Crypto Market Outlook,” Coinbase noted that throughout 2023 net fund inflows to Solana-related (SOL) investment funds were second only to Bitcoin (BTC), surpassing Ethereum (ETH) and other multi-asset funds flows. Analysts at the U.S.-based crypto exchange attributed the surge in Solana investment to the network’s ability to handle high transaction volumes and low fees, which they say are necessary to support a new wave of highly performant applications. “Indeed, we believe that improved transaction throughput and lower fees are necessary to improve UX to onboard a series of new use cases, and Solana has an early lead in that regard.” Coinbase You might also like: 21Shares: Avalanche, Solana, Uniswap topped crypto price growth in November Despite...

Coinbase faces a money laundering investigation in Kazakhstan as the country expands its crypto industry crackdown. Coinbase, the largest cryptocurrency exchange in the United States, has become the target of an investigation in Kazakhstan on allegations of money laundering, according to a recent report by local news outlet Kursiv. The Ministry of Culture and Information in Kazakhstan has confirmed blocking major cryptocurrency exchange Coinbase in the country, citing local digital asset regulations violation. Meanwhile, the government has quietly unblocked access to global trading platforms Interactive Brokers and the New York Mercantile Exchange (NYMEX) after blocking them earlier this year. According to the Ministry of Information, access to Coinbase was restricted at the request of the Ministry of Digital Development due to the trading of cryptocurrencies on the exchange. This violates Clause 5, Article 11 of Kazakhstan’s Law on Digital Assets, which prohibits the issuance and ...

Base surpassed other layer-2 networks like Optimism and Arbitrum in terms of daily transactions but still lagged behind Polygon and BSC. Coinbase layer-2 network Base hit a new peak in terms of daily transactions , breaking its former record when it was launched in August, according to data from blockchain explorer BaseScan.  Daily transactions chart of layer-2 network Base. Source: BaseScan On Sept. 14, the layer-2 blockchain hit 1.88 million transactions , surpassing its previous record of 1.41 million transactions on Aug. 21 — the month when the network was launched. The layer-2 network surpassed other rival chains like Optimism and Arbitrum, which had a combined 878,000 transactions for the day.  Despite reaching the milestone, the layer-2 network is still lagging behind more prominent blockchains like Polygon and BNB Smart Chain (BSC). Polygon had 2.1 million transactions on the date, while BSC had 3.1 million transactions on the same day. Unlike its previous transaction rec...

Coinbase says it will add support for the Bitcoin Lightning Network. Cathie Wood praises the crypto exchange for the decision. Coinbase shares are down nearly 30% versus their YTD high. Coinbase Global Inc has decided to integrate the Lightning Network that aims at making Bitcoin a viable option for faster and cheaper global payments. How long will the integration take? The crypto exchange had been exploring adding support for the Lightning Network since early August. On Wednesday, Brian Armstrong – its Chief Executive wrote on X (formerly Twitter): We’ve made decision to integrate Lightning. Bitcoin is most important asset in crypto and we’re excited to do our part to enable faster/cheaper Bitcoin transactions. He did not reveal how long the integration will likely take, though. The announcement arrives more than a month after Coinbase reported its financial results for the second quarter that handily topped Street estimates. At writi...

Sei Labs revealed that the blockchain’s mainnet went live after a successful testnet phase that featured 7.5 million unique wallets, and over 400 million transactions. Parallelly, the network’s native token, SEI also got listed on exchanges including Binance, Kraken, and Huobi. The project’s blockchain has been specifically designed for seamless trading and the efficient exchange of crypto assets. The aggregate trade volume of the SEI token was greater than $1 billion in the daily timeframe. Chinese Journalist Colin Wu brought to light that around half of the SEI, trades took place on Korea’s Upbit exchange, featuring the SEI/KRW pair. The SEI/USDT pair on Binance, on the other hand, contributed 21.89% to the total share. Wu pointed out that SEI’s price on Upbit once had a difference of more than 100% when compared to the price on other exchanges. However, it soon bridged the gap. Owing to the ‘Kimchi’ premium effect, the asset’s valua...

Also Read: Gemini Cofounder Slams Gary Gensler: “America Deserves Better” advertisement The amici are Stephen M. Bainbridge from UCLA, Tamar Frankel from Boston University, Sean J. Griffith from Fordham Law School, Lawrence Hamermesh from Widener University, M. Todd Henderson from University of Chicago Law School, and Jonathan R. Macey from Yale Law School. The law scholars have in the filing established a clear history of the definition of investment contracts. Howey Criteria For Investment Contracts The lawyers argued in the filing that with the Howey test, federal cases recognize that “investment contracts” require an expectation in the income, profits, or assets of a business. In conclusion, the law professors stated that the Court should stick with the settled meaning of the term ‘investment contract’ in interpreting it. “An investor must be promised, by virtue of his or her investment, an ongoing contractua...