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Circle is joining the big leagues as its market capitalization closes on Coinbase and Robinhood, even as Cathie Wood’s Ark Invest reduces its stake in the USDC stablecoin issuer. Circle’s market cap surged past $63.8 billion yesterday, a nearly 750% increase since its IPO launched less than three weeks ago. Coinbase has a market cap of $78 billion and Robinhood stands at $68 billion CRCL shares hit an intraday record high near $299 before settling at $263.45, up more than 9% on the day and 865% since launch. Cathie Wood Trims Circle Stake, Buys Coinbase, Robinhood As Circle closes on Robinhood and Coinbase, Cathie Wood-led investment firm Ark Invest is taking profits. The firm sold $109.6 million worth of Circle shares across its multiple ETFs (exchange-traded funds) yesterday following a series of CRCL sales over the last couple of weeks. Ark Invest at the same time increased its exposure to Coinbase and Robinhood, buying $1.3 million and $24.4 million worth of their ...

On Saturday, June 14, millions of Americans showed up to “No Kings” protests across the United States to voice their opposition to the United States’ perceived slide towards authoritarianism. At the same time, thousands gathered for a military parade-cum-presidential birthday celebration in the nation’s capital. This celebration of the United States military, a formidable fighting force that refuses the jurisdiction of the International Criminal Court over its occasionally criminal conduct, doubled as a celebration of Donald Trump’s birthday. This event was also sponsored by Coinbase. Several years ago, Coinbase published a manifesto in which it decreed that it was a “mission-focused company” and stated, “We don’t advocate for any particular causes or candidates internally that are unrelated to our mission, because it is a distraction from our mission.” Additionally, it assured people that it does not “Take on activism outside of our core...

Summary: ⚈ Coinbase stock jumped 9.34% after news of S&P 500 inclusion ⚈ Wall Street average 12-month price target now stands at $255.10 ⚈ Several analysts raised targets following crypto rally and trade deal news Coinbase (NASDAQ: COIN) flew high in the night between May 12 and May 13, 2025, as the world’s biggest publicly-traded cryptocurrency exchange is set to join the S&P 500. COIN shares’ extended session rally, which amounts to 9.34% by press time on Tuesday and has taken equity from its latest closing price of $207.22 to $226.57, is even threatening to invalidate the already-bullish Wall Street 12-month COIN forecasts. COIN stock one-day price chart with May 13 pre-market. Source: Google The analysts represented on the stock Analysis platform TipRanks see Coinbase as a moderate ‘buy’ on average , with 11 positive recommendations, 12 neutral experts, and no ‘sell’ ratings. The cautiously positive outlook is also evident in the price targe...

Coinbase, the largest crypto exchange in the US, has announced the possibility of listing Sam Altman’s World Network (WLD). In a post on the social media platform X, Coinbase says it’s added the project’s native token WLD to its listing roadmap. Being added to Coinbase’s roadmap doesn’t guarantee a future listing, but it announces the potential for it to be listed in order to promote transparency and prevent possible insider trading. World Network, recently rebranded from “Worldcoin,” aims to create digital identities for everyone on earth by confirming their humanity with eye-scanning “orbs.” After scanning their eyes with the orbs, users are granted “World IDs” which help counter online bots and fake identities. The project’s ecosystem also includes WLD tokens and an app. Last year, regulators in Spain ordered the project to stop collecting data after receiving numerous complaints from cus...

A Coinbase user says that the crypto exchange nearly scuppered his dream wedding after it placed restrictions on his account that would have prevented him from paying for his first-choice venue. CoinDesk writer Griffin McShane claimed yesterday on X that his wedding was placed in jeopardy after Coinbase froze his deposit withdrawals and placed restrictions on his account for two months.  McShane tagged Coinbase and said, “Please explain to me how blocking access to my account for two months is protecting me because I can’t get any support information or support from your support team.” Hey @brian_armstrong, Can you tell my fiance that we can't get married at the venue we picked because @coinbase: – refused to let me withdraw my deposit – won't let me access my funds for another 2 months I've had the same bank account since I first got into crypto with… pic.twitter.com/bYfqSZNpuG — Griffin McShane (@US_SupremeShort) January 16, 2025 Coi...

$BRETT is currently showcasing strong potential within the meme coin market, backed by notable consolidation over the past week. The token’s price has stabilized around the $0.16 mark, demonstrating a balance between buying pressure and selling resistance. With a circulating supply of 9.91 billion and a market capitalization of $1.71 billion, Brett (Based) ranks among the top-tier meme coins, though it still lags behind Pepe’s $8 billion valuation. However, there is optimism that Brett (Based) could break its previous all-time high from June 2024, a period that lacked a robust meme coin rally or significant Bitcoin movement. The coin’s association with the rapidly growing Base Chain ecosystem adds to its appeal. Base Chain has seen an 11% increase in total value locked (TVL) over the past week, outperforming competitors like Solana and rivaling Ethereum. $BRETT’s prominence as a Base Chain token positions it well for potential retail investor attention, espec...

A mysterious Bitcoin (BTC) whale from the Satoshi era has moved again, raising more questions about its dormant intentions. In a single move, the mysterious whale deposited 2,000 BTC from different anonymous addresses into a single Coinbase account. As developed, the whale consolidated 40 addresses holding 50 BTC each from Bitcoin’s mining rewards (coinbase) to make the deposit. These were Pay-to-Public-Key-Hash (P2PKH) addresses, used to make their traceability difficult when deciding to move these funds in the future. Transaction 983311045cf0bbf09b9469ed9699585194285494d048a96058e9dd444b33b7ae. Source: mempool.space / Finbold Sani, the founder of TimeChain Index, spotted the mysterious movement, posting about it on November 15. Picks for you Lee Zeldin’s net worth revealed: How rich is Trump’s nominee for the Environmental Protectio...

Top US-based crypto exchange Coinbase believes digital assets are just warming up for big rallies in the months ahead. In a new research report, Coinbase Institutional says the recent change in the macroeconomic backdrop suggests that Bitcoin (BTC) and crypto are primed for a Q4 surge. Coinbase says the Fed and the People’s Bank of China (PBOC) are now pursuing looser monetary policies – conditions that have historically been supportive of higher crypto prices. “Looking ahead, we retain a constructive outlook for 4Q24 mostly predicated on our favorable view of the current macro environment, alongside the idiosyncratic factors listed above. For example, just last week, we argued that one of the most significant implications of the Fed decision to cut 50bps (basis points) is that this provides cover for other monetary authorities to take more stimulative measures. This has been followed by China revealing a massive double fiscal and monetary stimulus p...

Caitlin Long, the founder and chief exec of Custodia Bank, a Wyoming-chartered state bank that focuses on digital assets, took to X last week to claim that there was “no #BTC available for sale on the big OTC desks.” This was before she had said that “Only ~40 #BTC available for sale at any price at one point on Wednesday, I was told by a credible source.”  This questionable claim was echoed by a variety of other accounts across X, including Lark Davis, a crypto influencer accused of doing paid endorsements of tokens. Davis made the claim that “OTC desks are running out of Bitcoin ” and cited a chart from Glassnode to support the assertion.  Glassnode notes in its description of this chart that “ this data is based on three different OTC desks ,” a less than comprehensive look at the over-the-counter (OTC) trading desk market.  These comments appear to misunderstand the role of OTC desks in the ecosystem. Specifically that they gen...

Marathon Digital, Riot Blockchain, and other public Bitcoin mining companies witnessed positive returns on Monday as Wall Street reached new milestones. The top five largest Bitcoin mining firms by market capitalization saw gains ranging from 2.98% to 6.25% on Monday evening, coinciding with record highs set by the S&P 500 and Dow Jones. While no crypto-related companies are directly listed in these indexes, the overall market excitement appears to have influenced investor sentiment. According to data from CompaniesMarketCap, Bitdeer Technologies Group (BTDR) is the main gainer, showing a 6.25% price increase in the past 24 hours. Following closely are Cipher Mining (CIFR), CleanSpark (CLSK), Riot Blockchain (RIOT), and Marathon Digital (MARA) with gains of 5.22%, 3.35%, 3.01%, and 2.98%, respectively. Shares of public Bitcoin mining companies | Source: CompaniesMarketCap You might also like: How much you could make or lose mining Bitcoin in 2024 However, not ...

This week, spot Bitcoin ETFs recorded impressive inflows as the digital currency continued to battle the bears at the $41,000 mark. Meanwhile, the crypto scene witnessed updates on the Coinbase vs. SEC case. First week of trading: spot Bitcoin ETFs This week marked the first trading week for the recently-approved spot Bitcoin exchange-traded funds. Most products saw massive inflows, with BlackRock’s IBIT recording $500 million and Fidelity’s FBTC seeing $421 million inflows, per a Jan. 16 report. The Grayscale Bitcoin Trust (GBTC), which already commanded investments before its pivot to an ETF, was the only spot Bitcoin ETF to see net daily outflows, totaling $579 million as of Jan. 16. This was attributed to its high fees, which stands at 1.5%. In another interesting metric, data confirmed that, as of Jan. 16, all the spot Bitcoin ETFs commanded a combined volume of $1.8 billion. This figure was nearly four times the combined volume of all 500 ETFs launched last year, which...

According to on-chain data, a crypto wallet associated with the former U.S. president has transferred millions of dollars worth of Ethereum to Coinbase. An Ethereum wallet, which has been accumulating royalties from Donald Trump‘s NFT collection for months, has started moving the funds to the centralized crypto exchange. According to Arkham Intelligence, the wallet has transferred 1,075 ETH (around $2.4 million at the time of the transaction) to Coinbase. Looks like Donald Trump is selling his ETH. 3 weeks ago he started sending ETH to Coinbase after months of accumulating Trump NFT royalties. His peak balance was $4 million. Based on the deposits, so far he's sold 1,075 ETH for $2.4 million. pic.twitter.com/JZzA3cS2je — Arkham (@ArkhamIntel) December 27, 2023 While the purpose behind transferring the funds to Coinbase remains unclear, data suggests that the Trump-associated wallet still holds multiple cryptocurrencies valued at over $2.2 million. You might a...

Coinbase is launching a comprehensive paid media campaign to urge crypto users to contact their members of Congress to address the need for regulatory clarity of the crypto industry. As part of this campaign , the second-largest crypto exchange is also organizing a fly-in on Sept. 27 to bring executives and developers from different crypto companies to meet staff and lawmakers on Capitol Hill. Down to the roots As stated in Reuters, the grassroots advocacy campaign  seeks to advance a bill that would define when a cryptocurrency is a security or a commodity. This bill was advance d by a congressional committee back in July but has yet to receive a full vote in the U.S. House of Representatives. You might also like: Coinbase, Sino and Libra launch a $60m crypto fund Pushing against the SEC Part of the motivation behind this campaign is said to stem from the U.S. Security and Exchange Commission’s crackdown on the crypto industry, which started with the age...

One of Australia’s ‘Big Four’ banks, Australia and New Zealand Banking Group Limited, recently completed a transaction with tokenized assets utilizing its A$DC stablecoin and Chainlink’s CCIP [Cross-Chain Interoperability Protocol]. CCIP functions on two separate Oracle networks. One network caters to transferring value and sending messages. The other examines and ensures that the transactions are not risky. Nigel Dobson, ANZ’s Banking Services Lead, pointed out that the bank’s work with its A$DC stablecoin and the tokenization of real-world assets has already provided them with valuable lessons. In fact, the bank continued to investigate enterprise-grade use cases. With respect to macro adoption, he said, “Based on market activity, we expect the continued adoption of digital assets will result in the proliferation of multiple assets across many blockchain networks.” As Australia and New Zealand Banking Group (ANZ), one the wor...

Coinbase has amended its tender offer for 3.625% senior notes due 2031, increasing the cap from $150 million to $180 million and extending the expiration date to Sept. 18, 2023. Coinbase Global, Inc., the world’s second-largest cryptocurrency exchange, announced updates to its Tender Offer for 3.625% Senior Notes due 2031. The company has increased the maximum aggregate purchase price of the notes from $150 million to $180 million and extended the expiration date from Sept. 1, 2023, to Sept. 18, 2023. Payments for accepted notes will be made on Sept. 6, 2023. In an attempt to garner more participation, Coinbase has also adjusted the tender offer’s terms. Holders who have validly tendered their notes after 5:00 p.m., New York City time, on Aug. 18, 2023, but before 11:59 p.m., New York City time, on Sept. 1, 2023, will be eligible for the total consideration which amounts to $675 per $1,000 principal amount of the notes. Accrued and unpaid interest will be paid until the ...

Circle’s USDC is now available natively on Base and Optimism, and Coinbase accounts can transfer the stablecoin to Base for the first time. Circle’s USD Coin (USDC) has launched natively on both Base and Optimism networks , allowing Circle account holders to send USDC stablecoin from their accounts to Base or Optimism. Coinbase has also made USDC transfers to Base available, according to a Sept. 5 social media post. Circle claimed that it is working with “ecosystem partners” to develop a system for users to swap old, bridged versions of USDC for the new, official versions. 1/ It’s here. #StableSeptember. The day you’ve all been waiting for - what comes first? How about two launches on the same day? Introducing $USDC on @optimismFND and USDC on @BuildOnBase, two leading L2 scaling solutions for Ethereum built on the OP Stack. pic.twitter.com/v3SgJBZ7qG — Circle (@circle) September 5, 2023 Coinbase’s Base network launched on Aug. 9. But at launch, Coinbase users could not send USDC ...

Cathie Wood’s Ark Invest Offloads Coinbase and Robinhood Cathie Wood’s Ark Invest continues to offload Coinbase shares since the COIN stock price jumped over $100, reaching almost a 52-week high. While the selling spree has slowed, Ark Invest’s ARK Next Generation Internet ETF offloading its Coinbase holdings. advertisement On July 31, Cathie Wood’s Ark Invest fund ARK Next Generation Internet ETF (ARKW) sold 1,055 Coinbase shares worth $105k, according to transactions seen by CoinGape. Coinbase will announce the second quarter financial results on August 3. Last quarter, Coinbase ’s revenue dipped due to a significant drop in trading volumes amid crypto regulatory crackdowns in the US. While sentiment for Bitcoin price rally remains positive, Ark Invest considering the impact of the US SEC v Coinbase  lawsuit. COIN stock price closed 4% higher at $98.61 on Monday, but fell 3.17% to $95.48 in pre-market hours on A...