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Coinbase’s decision not to support Celo Layer 2 upgrade causes stir among stakeholders

Coinbase said it will not support Celo’s upcoming migration from Layer 1 to Layer 2 in Optimism’s Superchain ecosystem. The decision sparked criticism from the Celo community, with cLabs CEO Marek Olszewski saying it “feels like a wrench in Ethereum’s Layer 2-centric scaling roadmap.”

theblock.co • 28/11/2024 - 11:53 AM

The Daily: Binance unveils reward-bearing asset BFUSD, Movement introduces the MOVE token and more

Binance is set to launch BFUSD on Nov. 27, a reward-bearing margin asset that generates passive rewards by simply holding it or trading futures with it. Movement developers have unveiled plans for its native MOVE token as an ERC-20 on Ethereum, with a total supply of 10 billion tokens. Talus Network has raised $6 million in a strategic funding round led by Polychain Capital at a $150 million valuation. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 26/11/2024 - 19:24 PM

SEC chair Gensler's departure sparks hope for compromises in crypto cases, regulation

Over the past few years, the agency has brought hefty cases against big industry players, including against crypto exchange Coinbase, for not registering lawfully with the agency. The agency could also go for a less aggressive approach and come to some compromises in ongoing cases.

theblock.co • 22/11/2024 - 20:24 PM

COINBASE

Coinbase Wallet introduces 4.7% APY reward for USDC holders

Users holding USDC in their Coinbase Wallet can now earn 4.7% annual percentage yield, paid out monthly on Base. Global users can access the new USDC reward, while those in the U.S. should see the feature this week.

theblock.co • 20/11/2024 - 19:09 PM

The Daily: FTX co-founder Gary Wang avoids prison time, BlackRock's Bitcoin ETF sees unprecedented first-day options trading and more

FTX co-founder Gary Wang avoided prison time at a sentencing hearing on Wednesday, according to Inner City Press and Reuters. BlackRock’s IBIT spot Bitcoin ETF achieved nearly $1.9 billion in notional exposure during its first day of options trading on Tuesday. Bernstein analysts named Robinhood the top “crypto deregulation trade,” following Donald Trump’s election win this month, raising their HOOD share price target to $51 — around 45% upside potential. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 20/11/2024 - 18:54 PM

Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51

Analysts at Bernstein named Robinhood the top “crypto deregulation trade” following Donald Trump’s win in the U.S. presidential election. The analysts rate HOOD stock as outperform, raising their price target to $51.

theblock.co • 20/11/2024 - 10:34 AM

The Daily: Trump nominates pro-bitcoin Lutnick for Commerce Secretary, Metaplanet shares jump 15% after latest BTC acquisition and more

President-elect Donald Trump has nominated the crypto-friendly Howard Lutnick to lead the U.S. Department of Commerce. Shares in the Japanese investment firm Metaplanet gained more than 15% on Tuesday after the company announced its latest bitcoin acquisition. Tokenization firm Securitize has introduced the “sToken,” a new way to gain liquidity from real-world assets while still earning a yield, using the ERC-4626 token standard. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 19/11/2024 - 20:31 PM

Coinbase’s decision not to support Celo Layer 2 upgrade causes stir among stakeholders

The Daily: Binance unveils reward-bearing asset BFUSD, Movement introduces the MOVE token and more

SEC chair Gensler's departure sparks hope for compromises in crypto cases, regulation

Coinbase Wallet introduces 4.7% APY reward for USDC holders

The Daily: FTX co-founder Gary Wang avoids prison time, BlackRock's Bitcoin ETF sees unprecedented first-day options trading and more

Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51

The Daily: Trump nominates pro-bitcoin Lutnick for Commerce Secretary, Metaplanet shares jump 15% after latest BTC acquisition and more

Coinbase to delist wBTC as Justin Sun gains influence over protocol, launches its own wrapped bitcoin token

Coinbase CEO to meet Trump to discuss 'personnel appointments': Wall Street Journal

Coinbase surges back into US Apple App Store top 10, hits number 1 in finance amid Trump-fueled crypto rally

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