{ }
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
Shiba Inu ecosystem lead Shytoshi Kusama has promised to silence critics soon, following a notable partnership with Chainlink that enhances the interoperability of SHIB, BONE, and LEASH across 12 blockchains. This collaboration is seen as the first step in a larger strategy, with more significant announcements anticipated to further bolster the project and address skepticism. Developer Kaal Dhairya hinted that upcoming developments will be even more impactful than the Chainlink integration.
Chainlink is revolutionizing corporate action data by partnering with major financial entities like Euroclear, Swift, and Franklin Templeton to enhance market efficiency and reduce fragmentation. The initiative aims to standardize data across equity and fixed-income securities, utilizing decentralized oracles and advanced technologies for seamless blockchain integration.Currently, Chainlink (LINK) is trading at approximately $29, experiencing significant price appreciation. Analysts predict potential price targets of $47 to $61 if it surpasses key resistance levels, while concerns over whale movements from Binance add volatility to the market.
Solana has surged over 10,000% since 2020, becoming a top cryptocurrency. Analysts are now highlighting Remittix (RTX), a DeFi altcoin poised to capitalize on the $250 trillion cross-border payment market, with predictions of up to 100x growth by the end of the bull market. Remittix offers instant crypto-to-fiat transactions, aiming to disrupt traditional payment systems.
Solana (SOL) has emerged as a leading cryptocurrency, known for its high-speed transactions and expanding ecosystem, despite facing challenges like network outages and market volatility. As of December 2024, SOL is priced around $182.35, with predictions suggesting potential recovery to previous highs if technical issues are resolved and market conditions improve. The future of Solana hinges on its ability to enhance network stability and maintain user adoption amidst competition from other blockchain platforms.
Donald Trump’s crypto initiative, World Liberty Financial, executed a $10 million swap of wrapped Bitcoin for tokens linked to adviser Justin Sun, founder of the TRON blockchain. Despite being marketed as a decentralized finance platform, it remains in early development stages, with sales falling significantly short of projections. The project has faced scrutiny following a controversial partnership involving Sun, leading to a lawsuit against Coinbase after the exchange sought to delist wrapped Bitcoin due to concerns over Sun's influence.
Hut 8 has bolstered its Bitcoin holdings to over $1 billion following a $100 million acquisition of approximately 990 BTC, bringing its total reserves to over 10,096 BTC. This strategic move positions Hut 8 among the top 10 corporate Bitcoin holders globally, as the company aims to enhance its financial position and shareholder returns through effective treasury management.
Roman Storm, co-founder of Tornado Cash, has requested a federal judge to dismiss his criminal charges following a Fifth Circuit Appeals Court ruling that deemed sanctions against the platform's smart contracts unlawful. Storm argues that the court's opinion undermines the charges of conspiring to violate the International Emergency Economic Powers Act, asserting that the smart contracts are not property of any foreign entity and cannot be sanctioned. He also contends that Tornado Cash is not a financial institution, further challenging the charges of operating an unlicensed money-transmitting business and money laundering conspiracy.
World Liberty Financial, backed by the Trump family, has acquired 231,726 ENA tokens for 250,000 USDC, increasing its total ENA holdings to 741,687. This purchase aligns with a broader strategy to diversify its crypto portfolio, which includes significant investments in Ethereum, Chainlink, and Aave. Ethena crypto has seen a price drop recently but remains popular among large investors, with 63% of holders currently profitable.
A decentralized real estate trading platform on Solana, Parcl (PARCL), experienced price fluctuations following its listing on Coinbase. After peaking at $0.586 on December 17, the token fell to $0.408 within two days, currently trading at $0.418, marking a 9% decrease in 24 hours. Initially, Coinbase's announcement on December 15 triggered a 50% rally from $0.33 on December 10, as PARCL allows users to trade synthetic assets representing real estate in major global cities.
Cathie Wood's ARK Invest has sold nearly $4 million in Coinbase stock as Bitcoin and the broader crypto market experience a significant downturn following a recent all-time high. The firm offloaded 13,780 shares, while still holding over 2.45 million shares valued at $672 million. Bitcoin's price has dropped to around $97,430, reflecting a 7% decline in a day, amid a market correction triggered by a hawkish speech from Federal Reserve Chair Jerome Powell.
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