{ }
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
Assetera has launched a platform enabling non-U.S. investors to trade tokenized shares of major companies like Nvidia and Coinbase, as well as the S&P 500, using blockchain technology on the Polygon network. This initiative aims to enhance global access to the U.S. stock market while adhering to strict regulatory standards, including MiFID II and upcoming MiCA rules in the EU. By tokenizing traditional assets, Assetera is fostering a more inclusive investment ecosystem and improving liquidity in the financial sector.
Chainlink (LINK) is experiencing a significant rally, driven by whale and institutional interest, with Open Interest reaching a record $770 million. Recent large acquisitions include Trump’s World Liberty Financial purchasing 41,335 LINK tokens for $1 million and another whale acquiring 175,424 LINK for $4.95 million. Analysts suggest that breaking the $29.50 resistance could lead to price increases of up to $52.50, despite potential short-term corrections.
Coinbase has added support for three new digital assets: the memecoin Gigachad (GIGA), trading at $0.06844, up 39% since its listing; Magic Eden (ME), a utility token for the Solana NFT marketplace, currently at $5.15; and Turbo (TURBO), an Ethereum-based memecoin at $0.01338, up 30.3%. GIGA has a market cap of $657.9 million, ME at $673.5 million, and TURBO at $923.8 million, ranking them 183rd, 178th, and 146th largest crypto projects, respectively.
French Hill, a former community banker from Arkansas, has been elected chairman of the House Financial Services Committee, succeeding Patrick McHenry. Known for his expertise in cryptocurrency regulation, Hill authored the bipartisan Financial Innovation and Technology for the 21st Century Act (FIT21), which aims to clarify the status of digital assets. His leadership is expected to advance legislation addressing the regulatory landscape for cryptocurrencies and support for community banks.
Coinbase shares are experiencing renewed demand as monetary policy takes center stage, with expectations of falling capital market interest rates benefiting crypto-sensitive assets. The recent US inflation data shows core inflation steady at 3.3%, while the ECB has lowered interest rates, setting the stage for the upcoming Federal Reserve meeting, where future monetary policy direction is highly anticipated. Investors remain optimistic, fueled by hopes of a crypto-friendly administration following the potential return of Trump to the White House.
IG
23:54 12.12.2024
Chainlink's price has surged to $29.4, its highest since November 2021, driven by significant whale accumulation and strategic partnerships, including collaborations with Coinbase and Emirates NBD. The coin has maintained a bullish trend, surpassing critical resistance levels, with potential to reach $50 as it secures over $38 billion in total value. In U.S. politics, French Hill has been elected as the next Chair of the House Financial Services Committee, promising to advance cryptocurrency legislation under a pro-crypto administration, signaling a shift in regulatory approaches as key figures in the SEC and CFTC are set to change.
Vancouver's city council has voted to explore the integration of Bitcoin into municipal finances, aiming to address inflation and currency devaluation. Mayor Ken Sim, an investor in cryptocurrency, believes Bitcoin could stabilize the city's finances amid a housing market that has surged 381% since 1995. However, legal restrictions currently prevent municipalities from holding cryptocurrencies or using them for transactions, posing significant challenges ahead.
Solana has achieved a remarkable 83% increase in developer onboarding in 2024, attracting 7,625 new talents and surpassing Ethereum for the first time since 2016. This growth is fueled by Solana's fast, cost-effective transactions and user-friendly tools, making it the top choice for nearly 20% of new blockchain developers. As Asia, particularly India, emerges as a key hub for blockchain talent, Solana's focus on emerging markets positions it well for continued innovation and competition with Ethereum.
In 2024, Solana has emerged as the leading blockchain for new developers, attracting 7,625 of the 39,148 newcomers, surpassing Ethereum for the first time. While Ethereum remains the most popular network globally, Asia has overtaken North America in developer share, reflecting a significant geographical shift in the crypto development landscape.
Avalanche has successfully raised $250 million in a token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital, with over 40 investment firms participating. This funding aims to support the upcoming launch of the Avalanche9000 upgrade, which seeks to significantly reduce transaction costs and enhance application deployment on the layer-1 blockchain.In a separate development, the renomination vote for SEC Commissioner Caroline Crenshaw has been postponed, amid criticism from crypto advocacy groups regarding her stance on regulatory policies. The delay raises the possibility of a Republican-majority SEC following the upcoming presidential transition.
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