{ }
Symbol COIN
Name Coinbase Global, Inc.
Currency USD
Sector Information Technology
IndustryGroup Software & Services
Industry Software
Market NASDAQ Global Select
Country United States
State DE
City Wilmington
Zipcode 19801
Website http://www.coinbase.com
Remittix (RTX) is revolutionizing cross-border payments by enabling users to convert over 40 cryptocurrencies into fiat and transfer it to any global bank account. With a focus on simplicity, affordability, and transparency, it eliminates hidden fees and middlemen, making it an attractive option for unbanked individuals. The platform also allows businesses to integrate its Pay API, facilitating cryptocurrency payments while providing merchants control over cashing out in multiple fiat currencies.
As of the 22nd, Ethereum's Layer 2 network has a total value locked (TVL) of $46.25 billion, reflecting a 12.4% decrease over the past week. While Ethereum deposits rose by 3.02%, the dollar value fell due to price declines. Arbitrum One leads with a TVL of $19.15 billion, followed by Coinbase Base at $12.8 billion, Optimism at $7.14 billion, and Blast at $1.23 billion.
MicroStrategy's Michael Saylor advocates for Bitcoin as a key asset for corporate treasuries, despite criticism labeling the company's model a "giant scam." Major firms like Marathon Digital, Tesla, and Coinbase are accumulating Bitcoin, while others like Microsoft remain skeptical. Shareholder proposals at Amazon and Genius Group reflect a growing trend of companies exploring Bitcoin's potential as a hedge against inflation and a strategic asset.
MicroStrategy's Michael Saylor advocates for Bitcoin as a corporate treasury asset, despite criticism labeling the company's model a "giant scam." Major firms like Marathon Digital, Tesla, and Coinbase hold significant Bitcoin reserves, while others, including Amazon and Genius Group, explore adopting similar strategies to enhance shareholder value amid economic uncertainties.
MicroStrategy's Michael Saylor advocates for Bitcoin as a corporate treasury asset, increasing holdings to 439,000 BTC, despite criticism labeling the business model a "giant scam." Other companies like Marathon Digital and Genius Group are adopting similar strategies, while Microsoft remains skeptical. Shareholder proposals at Amazon push for Bitcoin's inclusion to combat inflation and enhance value.
Investors are shifting focus from established memecoins like Dogecoin and Shiba Inu to five emerging cryptocurrencies promising returns up to 16,000%. Notable contenders include XYZ, a sports-driven token, and BONK, which has gained traction on the Solana blockchain, alongside new entrants like Dogwifhat, Moon Deng, and Peanut the Squirrel, all leveraging community engagement and innovative technology for growth.
The cryptocurrency market underwent a significant transformation in 2024, with Bitcoin rebounding to new heights following the launch of spot ETFs and substantial investments from Wall Street firms. Major banks now dominate trading, while regulatory changes have led to a cleaner, more professional market, integrating crypto into traditional finance.New projects and improved technology have made crypto more accessible, with gaming and NFT applications finding real-world use cases. As the market matures, institutional investment continues to grow, signaling a bright future for the crypto landscape.
Analyst Jamie Coutts predicts that the decentralized finance (DeFi) sector could surge by 4x to 5x in 2025, potentially outperforming Bitcoin, Ethereum, and Solana as traditional finance (TradFi) increasingly integrates with crypto. Key trends include centralized exchanges (CEXs) acquiring DeFi platforms, the rise of real-world asset tokenization, and significant growth in both CEX and decentralized exchange (DEX) revenues, which are outpacing TradFi. Currently, the total DeFi market cap stands at $152.616 billion.
CyberKongz, a gaming NFT project, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), raising concerns about its ERC-20 token's integration with blockchain games and a 2021 contract migration. The team expressed disappointment with the SEC's approach and emphasized the potential implications for the Web3 gaming industry, asserting their commitment to contest the SEC's position and advocate for clearer regulatory guidelines. The notice allows CyberKongz 30 days to respond before the SEC decides on potential enforcement actions.
The US Securities and Exchange Commission (SEC) has approved the first hybrid Bitcoin and Ethereum index exchange-traded funds (ETFs) from Franklin Templeton and Hashdex, set to launch in January 2025. These ETFs will hold spot BTC and ETH in an 80:20 ratio, with potential for future inclusion of other cryptocurrencies pending regulatory approval. The approval reflects the SEC's alignment with the Exchange Act's criteria, emphasizing investor safeguards against fraud and manipulation.
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