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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.
The SEC has approved the first hybrid Bitcoin-Ethereum ETFs, allowing Nasdaq and Cboe BZX to list the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF, respectively. Each fund will hold approximately 80% Bitcoin and 20% Ethereum based on market capitalizations. Grayscale has also filed to convert its Solana Trust into an ETF, aiming to enhance investor access.
Crypto developer activity is surging in Asia, with the region accounting for 32% of global activity in 2024, a significant rise from 12% in 2015. India leads this growth, contributing 11.7% of the global share, while established developers now represent over 70% of code commits. Despite a 7% decline in overall developer numbers, over 39,000 new developers joined the space in 2024, with Solana emerging as the preferred platform for newcomers.
Babylon Chain has surpassed $3.6 billion in Bitcoin deposits, with over 36,100 BTC contributed by nearly 88,000 unique depositors. The recent surge in deposits, including $1.2 billion in just 48 hours, follows support from major exchanges like Binance and Bitrue, enhancing Bitcoin's role in blockchain security. The protocol aims to integrate Bitcoin's security features into other blockchain ecosystems, fostering a more secure environment for decentralized applications.
Meme coin PEPE has surged past an $11 billion market cap, overtaking Uniswap and Litecoin, fueled by Bitcoin's rise above $100,000. The token achieved an all-time high of $0.00002708, driven by whale accumulation and increased accessibility through platforms like MoonPay.PEPE has outperformed Dogecoin in weekly gains following listings on major exchanges like Robinhood and Coinbase. Launched in April 2023, PEPE draws inspiration from the "Pepe the Frog" meme, rallying a community around its lighthearted internet culture roots.
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