{ }
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
Bitcoin dipped to $92,000 amid a significant leverage flush, with the cryptocurrency down 1.5% on the day. Analysts noted this pullback, which mirrors past corrections, presents an optimal re-accumulation opportunity, despite a total liquidation of $1.4 billion across the crypto market.The recent cooler PCE inflation data provided some relief, with inflation coming in at 2.4%, slightly below expectations. This has led to a modest increase in market expectations for future Federal Reserve policy adjustments.
The U.S. Securities and Exchange Commission has approved the first crypto index ETFs from Hashdex and Franklin Templeton, set to launch in January. These funds will hold approximately 80% Bitcoin and 20% Ether, with BitGo and Coinbase as custodians. This approval marks a significant milestone in the growing U.S. crypto ETF market, which has seen over $36 billion in net inflows since January.
Ethereum Layer 2 networks have reached a historic milestone with stablecoin holdings soaring to $13.5 billion, driven by increasing adoption of digital assets and decentralized finance. Tether (USDT) and USD Coin (USDC) lead this growth, contributing to a global stablecoin market cap exceeding $202 billion. Predictions for 2025 suggest further acceleration in stablecoin adoption, bolstered by favorable regulatory developments and significant inflows into centralized exchanges.
Coinbase's Base platform has emerged as the fastest-growing blockchain, adding 13.7 million users in October and averaging 1.56 million new users monthly in 2024, surpassing Ethereum. With 15.1 million super users, Base excels in engagement, while newer networks like Aleo struggle with retention. Institutional confidence has surged, driven by regulatory clarity, as the crypto market evolves with trends like GameFi and AI integration, highlighting the need for meaningful user engagement beyond mere speculation.
ADADENG, a meme coin inspired by "Moo Deng," has surpassed 100,000 ADA in its presale with less than 12 hours until its listing on Minswap. The project emphasizes community-driven tokenomics, allocating 70% of its total supply to participants without fixed pricing, ensuring equal opportunity for all investors.A live presale dashboard allows users to track their contributions and rankings, fostering engagement. Following the presale, ADADENG will list at a 25% premium on Minswap, entering the market with liquidity and community support.
Base is set to surpass Solana in DeFi metrics by 2025, capturing around 40% of Solana’s DEX volumes and total value locked (TVL). Its advantages include a focus on major assets, a strategic partnership with Coinbase for asset tokenization, and lower transaction costs, attracting liquidity from Ethereum.
The SEC has approved the first spot Bitcoin and Ethereum combo ETFs from Hashdex and Franklin Templeton, set to launch in January with an 80/20 allocation favoring Bitcoin. This marks a significant step in the U.S. crypto ETF market, which has seen substantial inflows, particularly in Bitcoin ETFs. Speculation continues around potential future approvals for Solana and XRP ETFs, though analysts suggest Litecoin and Hedera may come first due to regulatory clarity.
Coinbase has surpassed Nasdaq and the Hong Kong Stock Exchange in transaction revenue, generating $5.75 billion over the past year, though it still lags in trading volume. Despite a recent revenue dip to $1.2 billion in Q3 2024, analysts predict growth potential in international markets. CEO Mouloukou Sanoh anticipates Coinbase could become a leading global exchange in the next decade.
Shiba Inu has partnered with Chainlink to enhance its multi-chain ecosystem, Shibarium, by integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Cross-Chain Token (CCT) standard. This collaboration allows Shiba Inu assets—SHIB, LEASH, and BONE—to operate across 12 blockchains, facilitating secure token transfers and advanced data integration. The integration aims to drive broader adoption and innovation within the Shiba Inu ecosystem, despite a recent decline in SHIB's market value.
As Donald Trump prepares to take office in 2025, the Digital Chamber is advocating for a significant overhaul of the SEC's approach to cryptocurrency regulation. The group emphasizes the need for transparency and collaboration, criticizing past policies and urging a shift towards a more cooperative regulatory framework.The Chamber also calls for legislative action on stablecoins and opposes the reappointment of SEC Commissioner Caroline Crenshaw, citing her detrimental impact on crypto innovation. With a potential policy shift on the horizon, stakeholders are hopeful for a balanced approach that fosters innovation while protecting investors.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.