{ }
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
Ethereum recently dipped below $3,100 for the first time in 29 days, marking a shift from its December peak of $4,106. Despite a tumultuous 2024, characterized by both bullish catalysts and market downturns, the Fear and Greed Index indicates that retail investors view the dip as a buying opportunity. Factors such as institutional adoption, network upgrades, and market sentiment will be crucial in determining whether Ethereum can reach a new all-time high before 2025.
Interpol has issued a Red Notice for Richard Schueler, known as Richard Heart, founder of Hex, over allegations of tax fraud and assault. The charges, which include tax evasion from June 2020 to April 2024 and a violent incident involving a minor, have led to his listing on Europe’s most wanted fugitives list.Despite the serious accusations, Schueler remains active on social media, posting cryptic messages. He is also facing a $1 billion lawsuit from the SEC for unregistered offerings of crypto tokens, including Hex, PulseChain, and PulseX, which he promoted as high-yield investments.
A crypto whale moved 1.2 million WIF tokens worth $3.47 million to Coinbase, raising concerns about WIF's price amid bearish market trends. Meanwhile, Ethena (ENA) aims to reclaim its all-time high, bolstered by significant acquisitions, while Lunex continues to thrive with explosive presale gains and a promising DeFi outlook.
Operation Choke Point 2.0 is an alleged initiative by the Biden administration aimed at restricting crypto firms' access to banking services, drawing parallels to a previous program under Obama. Critics argue that regulatory actions from agencies like the SEC and FDIC have pressured banks to sever ties with the crypto industry, despite official denials of the program's existence. Trump has pledged to dismantle this initiative if re-elected, echoing his previous efforts to end the original Operation Choke Point.
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.
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