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Coinbase is facing a $1 billion lawsuit from BiT Global Digital Limited, which accuses the exchange of harming the wrapped Bitcoin (wBTC) market by delisting the token to promote its own product, cbBTC. The lawsuit alleges attempted monopolization and predatory practices under the Sherman Act, claiming that Coinbase's actions led to significant financial losses and undermined consumer confidence in wBTC. BiT Global's attorneys argue that such moves by a major exchange set a dangerous precedent for the cryptocurrency industry.
A hacker spread false news claiming that Philip Banks, creator of the "Just a Chill Guy" meme, had licensed his intellectual property to the Solana-based CHILLGUY meme coin, causing its value to surge by 22%. However, the announcement was quickly debunked, leading to a 25% drop in the token's value within 30 minutes. Banks later clarified that the posts were fraudulent and vowed to take legal action against those profiting from his art.
BiT Global has filed a lawsuit against Coinbase, claiming the exchange's delisting of Wrapped Bitcoin (WBTC) in favor of its own Coinbase Wrapped BTC (cbBTC) is a "predatory and unfair" action that breaches federal and state laws. The lawsuit criticizes Coinbase for prioritizing profit over the principles of decentralization, likening its actions to those of other centralized tech giants.
Chainlink's price is set for significant growth as SWIFT and Coinbase adopt its Cross-Chain Interoperability Protocol (CCIP), bridging traditional finance with blockchain. Analysts speculate that this could drive LINK towards $800 in the next market cycle, especially with increasing institutional adoption.The integration with SWIFT, which processes $150 trillion annually, is expected to enhance demand for LINK tokens, potentially pushing its market cap to $500 billion. A recent golden cross on the price chart indicates bullish momentum, with support levels suggesting further upward movement if LINK maintains above $21.30.
The cryptocurrency industry anticipates a more favorable regulatory environment under a Trump administration, with the nomination of pro-crypto figures like Paul Atkins for the SEC chair. This shift could lead to clearer regulations, potentially boosting the legitimacy and value of cryptocurrencies. Advocates seek light-touch regulations to foster growth while maintaining some oversight to ensure market stability.
In a recent livestream, Cardano founder Charles Hoskinson outlined a vision for 2025, emphasizing the need for decentralized governance and community engagement. He highlighted the importance of ratifying a community-approved constitution, transitioning to an annual budget process, and electing a Constitutional Committee to ensure the ecosystem's resilience and inclusivity. Hoskinson expressed optimism despite anticipated challenges, urging collaboration with industry stakeholders to secure Cardano's future.
Coinbase Europe has announced the delisting of several stablecoins, including Tether's USDT, to comply with the EU's Markets in Crypto-Assets (MiCA) regulation, which requires stablecoin issuers to obtain e-money authorization. Tether expressed concerns over the rushed actions of exchanges and is finalizing its plans for compliance in the region. Meanwhile, USDC and EURC remain compliant and will continue to be supported on the platform.
Rep. French Hill, a strong advocate for the crypto industry, has been appointed chair of the House Financial Services Committee, succeeding Patrick McHenry. Hill, who has an “A” rating from Stand With Crypto, co-sponsored a resolution aimed at reversing SEC guidance that classifies digital assets as liabilities. He has criticized the FDIC for pressuring banks to cut ties with the crypto sector and plans to collaborate with President-elect Donald Trump to investigate this issue.
Donald Trump’s transition team is considering consolidating or eliminating key banking regulators, which could create a more favorable environment for the cryptocurrency market. This potential reform includes merging the FDIC, OCC, and Federal Reserve, aiming to reduce regulatory burdens that some view as stifling innovation. As Trump prepares to appoint a new FDIC leader amid criticism of current oversight practices, the crypto sector is rallying behind pro-crypto candidates, marking a significant shift in regulatory dynamics that could enhance operational efficiency and investor confidence.
Meme coin presales are gaining traction in 2025, with notable projects like Crypto All-Stars, Wall Street Pepe, Best Wallet Token, Catslap, and Flockerz showcasing unique utilities and significant growth potential. Floki has surged 6593% due to its innovative offerings, while presales like $STARS and $WEPE are attracting substantial investments, hinting at a promising future for these emerging cryptocurrencies.
Coinbase Global, Inc.
Companies
| 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 |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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