{ }
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 holiday season may bring significant opportunities in the crypto market, particularly with five promising memecoins: DOGEN, BONK, WIF, FLOKI, and TURBO. DOGEN is highlighted for its potential 700% growth and strong community engagement, while BONK has gained traction as a top performer on Solana. WIF, FLOKI, and TURBO also show potential, but their growth may be more limited compared to DOGEN's elite positioning and focus on long-term wealth.
Ethereum (ETH) experienced a 4.50% decline following the Federal Reserve's 25 basis point rate cut, failing to reach the anticipated $4,500 target. Indicators such as the price-Daily Active Addresses divergence and the Coinbase Premium Gap suggest ongoing selling pressure, with a potential drop to $3,501 if trends persist. A head-and-shoulders pattern on the 4-hour chart further signals a bearish trend, although increased trading volume could alter this trajectory.
World Liberty Financial (WLFI), linked to Donald Trump, has swapped 102.9 cbBTC for 103.15 WBTC, reflecting strategic support from Justin Sun amid Coinbase's delisting of WBTC. This move, valued at $10.4 million, underscores WLFI's trust in WBTC's infrastructure and aligns with Sun's criticism of cbBTC's governance. With partnerships enhancing its operations, WLFI is poised for growth in the decentralized finance sector.
A federal judge in California has denied BiT Global's request to halt Coinbase's delisting of wrapped Bitcoin (wBTC), citing insufficient evidence of imminent harm. The ruling allows Coinbase to proceed with the delisting, which it justified due to concerns over ties to Justin Sun, who faces fraud charges from the SEC. Coinbase now has 30 days to respond to broader claims in BiT Global's lawsuit, which includes allegations of attempted monopolization.
Chainalysis has acquired Hexagate, a Web3 security firm, to enhance its threat detection and prevention capabilities. Founded in 2022, Hexagate has safeguarded over $1 billion in customer funds for clients like Coinbase and Consensys. This move marks a strategic shift for Chainalysis, focusing on proactive security measures in the evolving digital asset landscape.
A trader transformed a $3,800 investment in Shiba Inu (SHIB) into over $6 million by selling 250 billion tokens, retaining 2.15 trillion tokens valued at approximately $52 million. Another trader achieved a 628x return on a $2,500 investment, potentially earning $1.58 million. Meme coins like SHIB have enabled significant profits, but they also carry high risks due to their reliance on trends and lack of intrinsic value. Investors are advised to only invest what they can afford to lose and conduct thorough research.
Coinbase Advanced experienced a remarkable 191% increase in trading volumes and a 77% rise in users in 2024, driven by a surge in derivatives trading, which soared approximately 10,950%. Spot trading also grew by 47%, fueled by bullish sentiment following President-elect Donald Trump's election and new token listings, including various memecoins. Coinbase's stock surpassed $300 for the first time since 2021, reflecting the platform's robust performance in the evolving cryptocurrency market.
Justin Sun allegedly pressured CoinDesk's new owners, Bullish, to remove a critical article about his $6.2 million purchase and public consumption of a banana artwork by Maurizio Cattelan. The piece, which also highlighted Sun's legal troubles with the SEC, raised concerns among CoinDesk's journalists regarding editorial independence after its removal. Despite the article being taken down, a version remains available through Yahoo News, intensifying tensions between the editorial team and Bullish.
Pixelverse is set to launch 'MemeBattle,' a tactical deck builder game featuring characters based on popular cryptocurrency memes, including Brett and others from the Base network. Players can create squads and compete for rewards, with an initial release of 10 meme coin characters in January. The game follows Pixelverse's success with PixelTap and is supported by significant funding from Gate.io's Meme Fund and venture capital firms.
Exodus Movement Inc., the company behind the Exodus self-custodial crypto wallet, made a strong debut on Wall Street, with shares soaring 36.33% to close at $53.50. This listing on NYSE American follows regulatory approval from the SEC after previous over-the-counter trading. Despite reporting a $10 million net loss, year-over-year revenue increased by 80% to $22.3 million as the firm expanded its services.
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