{ }
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's price saw a modest recovery, circling $102,000 after a dip to $98,695, influenced by the Federal Reserve's cautious stance on interest rate cuts. While some traders remain optimistic about a potential recovery, others warn of a larger pullback in January, emphasizing the importance of holding above the $100,000 mark. The market remains volatile, with significant liquidations contributing to the choppy price action.
Crypto All-Stars ($STARS) has raised $23 million ahead of its presale's end, attracting both retail and whale investors. The project features MemeVault, a unique staking platform for popular meme coins, allowing holders to earn passive rewards in $STARS. With the presale concluding soon, early adopters can benefit from higher staking rewards, while rumors suggest potential listings on major exchanges.
World Liberty Financial (WLFI) has exchanged $10.4 million worth of cbBTC for Wrapped Bitcoin (WBTC), influenced by major investor Justin Sun's criticism of cbBTC and Coinbase's controversial delisting of WBTC. This strategic pivot reflects WLFI's preference for WBTC's established reputation amid growing concerns over cbBTC's governance. Sun's involvement is expected to enhance WLFI's infrastructure through partnerships with Chainlink and TRON, positioning the project for future growth.
Donald Trump’s World Liberty Financial (WLFI) has made significant moves in the crypto market, recently swapping cbBTC for wBTC, signaling a shift towards decentralization away from Coinbase's control. This $10.4 million exchange reflects a strategic pivot to enhance liquidity and align with the DeFi landscape, as WLFI aims to bolster the U.S. dollar's position in cryptocurrencies. With ongoing investments in various digital assets and partnerships, WLFI is poised to attract more users and investors while promoting transparency and security in its operations.
The Digital Chamber of Commerce is urging the incoming SEC leadership to review all crypto-related investigations and lawsuits from day one, advocating for a reset in the SEC's relationship with the digital asset industry. They propose pausing probes not involving fraud or investor harm and repealing key regulations like SAB 121, which burdens crypto custody providers. With bipartisan support for these changes, the Chamber aims for a more transparent regulatory framework under new SEC Chair Paul Atkins, succeeding Gary Gensler.
World Liberty Financial, backed by Donald Trump's family, has swapped approximately $10 million worth of Coinbase's wrapped bitcoin (cbBTC) for WBTC, a rival token used in decentralized finance. This move follows Coinbase's decision to delist WBTC, leading to a lawsuit from BiT Global, a custodian involved with WBTC. Justin Sun, founder of the Tron blockchain and a recent adviser to World Liberty Financial, has been linked to the controversy surrounding WBTC, although he denies any wrongdoing.
Bitcoin hovered around $104,710 as traders anticipated a Federal Reserve interest rate decision, with expectations leaning towards a 0.25% cut. Despite a dip-buying sentiment, pre-FOMC selling pressure was evident, and some analysts noted a potential gap in Bitcoin futures at $102,000 that could be filled during the announcement. Concerns about future rate hikes in 2025 due to rising inflation were also highlighted.
Coinbase's delisting of Wrapped Bitcoin (WBTC) has ignited controversy, particularly due to its ties to Justin Sun, who faces legal scrutiny. Critics argue that Coinbase's rationale lacks transparency and may be an attempt to deflect attention from its own ongoing investigations, including a lawsuit from the SEC. The crypto community remains divided on the fairness of the decision, questioning whether it was based on legitimate concerns or personal connections.
IOTA co-founder Dominik Schiener announced the launch of the $vUSD stablecoin in January 2025, aiming to transform IOTA into a payment network supporting P2P payments, remittances, and AI agents. Analysts predict a potential price surge for IOTA, with expectations of reaching $3.5 if it surpasses the $0.4 resistance level. The ecosystem is also advancing with partnerships and the upcoming Rebased Protocol, enhancing its capabilities for stablecoin integration.
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