Robinhood's Crypto Trading Surge Drives 14% Stock Rally to Multi-Year High
Robinhood's stock skyrocketed 14% after reporting an eight-fold increase in crypto trading revenue, adding $6 billion to its market value. The commission-free platform's success highlights growing mainstream crypto adoption, despite offering fewer tokens than competitors.
Coinbase Surpasses US Banking Giants with $420B in Crypto Assets
Coinbase has amassed $420 billion in customer assets under management, ranking as the 21st largest bank in the US by total assets. The crypto exchange's impressive growth and $273M profit showcase the rising dominance of digital asset platforms in traditional finance.
Kanye West Rejects $2M Crypto Scam Deal to Protect Followers
Rapper Kanye West reveals he declined a $2 million offer to promote a fraudulent 'Ye token' cryptocurrency targeting his fanbase. The incident highlights growing concerns about celebrity crypto endorsements and sophisticated scam tactics targeting high-profile influencers.
Bitcoin's Institutional Strength: Coinbase Flow Pulse Signals Bullish Momentum Despite Market Volatility
Analysis of Bitcoin's Coinbase Flow Pulse metric reveals strong institutional accumulation despite recent price swings between $96,000-$100,000. The absence of large-scale outflows suggests major players are maintaining positions, painting an optimistic longer-term outlook despite short-term uncertainties.
FDIC Releases Internal Documents Exposing Controversial Crypto Banking Restrictions
Federal regulators release 175 internal documents revealing systematic efforts to restrict banks from offering cryptocurrency services in 2022, dubbed 'Operation Chokepoint 2.0.' The disclosure prompts policy reversal as FDIC now plans to allow banks to manage crypto assets without prior approval.
Coinbase Acquires Spindl to Boost Web3 User Growth Through On-Chain Advertising
Coinbase has acquired Spindl, an on-chain advertising platform, to help blockchain developers expand their reach through Base network integration. The strategic move aims to address user acquisition challenges while advancing Coinbase's goal of onboarding one billion users to blockchain platforms.
World Liberty Financial Expands Ethereum Portfolio with $130M Investment
World Liberty Financial has made a significant move in cryptocurrency markets, purchasing 39,242 ETH at an average price of $3,312 per token. The fund's total Ethereum holdings now stand at 78,722 ETH valued at $257M, despite facing short-term unrealized losses amid market volatility.
Global Financial Survey Shows Growing Appetite for Crypto in Emerging Markets
A comprehensive Coinbase-commissioned study across Argentina, Kenya, Philippines, and Switzerland reveals widespread dissatisfaction with traditional financial systems and growing cryptocurrency adoption. The research highlights how developing nations, particularly in Africa, are leading the charge in embracing digital assets as solutions to financial challenges.
Coinbase CEO Signals Potential USDT Delisting Amid Looming US Stablecoin Regulations
Brian Armstrong indicates Coinbase may remove Tether's USDT if new US legislation requires stricter reserve and audit standards. The move could significantly impact the stablecoin market, where USDT remains dominant despite regulatory challenges in multiple jurisdictions.
SEC Chair Gensler's Final Warning: XRP and Most Crypto Projects Face Uncertain Future
Outgoing SEC Chairman Gary Gensler delivers a sobering assessment of cryptocurrency projects, warning of high failure rates due to regulatory challenges and lack of fundamental value. His aggressive enforcement strategy targeting major players like Coinbase and Ripple could shift as leadership changes hands at the SEC.