The creator of Base, the blockchain of top US-based crypto exchange Coinbase, says that the company’s stock (COIN) could soon become available on-chain. In a new thread on the social media platform X, Base developer Jesse Pollak says that eventually, every asset in the world will be on Base, including COIN. However, Pollak notes that […]
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The plans are not yet concrete, as Coinbase is awaiting regulatory clarity on securities tokenization.
Coinbase is considering making tokenized shares of its stock available to United States users of Base, its Ethereum layer-2 network, Base developer Jesse Pollak said in a post on the X platform.
Tokenized COIN shares are already available to non-US users through protocols such as Backed, a tokenized real-world assets (RWA) platform, Pollak said in a Jan. 3 X post.
COIN on Base is “something we are looking into in the new year,” Pollack said, adding that eventually, “every asset in the world will be on Base.”
2024 saw the birth of the "celebrity memecoin meta" with multiple public figures cashing in on their fame to launch memecoins, though many quickly fizzled out not long after launch.
Celebrity-themed crypto tokens had a flash-in-the-pan moment in 2024, with publicly-known figures looking to cash in on their fame amid a steady crypto rally.
But the short-lived “celeb meta” has seen the tokens plummet in value since launch or are down significantly from their peak highs, and their celeb backers have, in some cases, seen their creations possibly land them in court.
Let’s take a look at some of the tokens that burned bright before fizzling out soon after in 2024.
2024 saw the birth of the "celebrity memecoin meta" with multiple public figures cashing in on their fame to launch memecoins, though many quickly fizzled out not long after launch.
Celebrity-themed crypto tokens had a flash-in-the-pan moment in 2024, with publicly-known figures looking to cash in on their fame amid a steady crypto rally.
But the short-lived “celeb meta” has seen the tokens plummet in value since launch or are down significantly from their peak highs, and their celeb backers have, in some cases, seen their creations possibly land them in court.
Let’s take a look at some of the tokens that burned bright before fizzling out soon after in 2024.
A new animal-based memecoin is surging to start the week, as Coinbase adds the crypto asset to its listing roadmap. Moo Deng (MOODENG), a crypto asset honoring the baby hippo who became an international sensation, soared 108% as the top US crypto exchange made the announcement. The Solana-based memecoin is now up 59% at time […]
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MicroStrategy saw more trading volumes than the US spot Bitcoin ETFs combined as its shares tanked over 25% on Nov. 21.
Trading volumes for the “Bitcoin Industrial Complex” — the United States spot Bitcoin exchange-traded funds (ETFs) and stocks like MicroStrategy (MSTR) and Coinbase (COIN) has hit a new record high — reaching 70 billion on Nov. 21 as Bitcoin rallied above $98,300.
It smashed the previous record of $55 billion set the day before when MSTR was the second most-traded stock in the US, according to Bloomberg ETF analyst Eric Balchunas, citing data from Bloomberg Intelligence.
”BITSANITY,” Balchunas said of the eye-popping figures.
MSTR also accounted for the bulk of the day’s trading volume as its shares tanked over 25% from its highest point of $536.7 to $397.28 when the closing bell rang on Nov. 21.
Source: Eric Balchunas
The record was set as Bitcoin rallied 5% to notch a new all-time high of $98,311, CoinGecko data shows.
Bitcoin has slightly retraced to $98,075 but is less than 2% from breaching the $100,000 milestone.
Related: A perfect storm is brewing for Bitcoin
It comes as the US spot Bitcoin ETFs surpassed $100 billion worth of assets on Nov. 21.
Coinbase stock COIN hit a new 52-week high of just over $328 on Nov. 11, driven by a surge in bitcoin’s value and overall market enthusiasm. Donald Trump-Inspired Enthusiasm On Nov. 11, the stock of the cryptocurrency exchange Coinbase (COIN) hit a new 52-week high of just over $328. The stock’s remarkable run, which started […]
Traders have seized on optimism that the more pro-crypto Republicans could also win a majority in Congress after the party won the Senate and the White House.
United States crypto stocks ended the trading day on massive gains — most at double-digits — after a sweeping election win by Donald Trump and a new Bitcoin all-time high.
Crypto exchange Coinbase Global Inc (COIN), one of the biggest donors in the election cycle, saw the biggest gain on Nov. 6, closing up 31.11% at $254.3, now up 62.1% so far this year, according to Google Finance.
The popular trading house Robinhood Markets Inc (HOOD) also jumped 19.6% on the day, as did Bitcoin (BTC) miner MARA Holdings Inc (MARA) — formerly Marathon Digital. The BTC buying MicroStrategy Inc (MSTR) also closed up over 13%.
Bidders have pushed the price for a rare US dime to a staggering $250,000 – and they’re likely just getting started. If past is prologue, the online auction for this 1975 dime will close at more than half a million dollars when it ends on October 27th. The rare dime is missing the letter “S”, […]
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U.S. equities have joined the global downturn, following sharp declines across Asia and Europe, with Japan’s Nikkei suffering significant losses. By 11:15 a.m. EDT on Monday, the five major U.S. stock indices had fallen between 2.5% and 4.5%. This market turmoil has extended to crypto-related stocks such as Microstrategy’s MSTR and Coinbase’s COIN. The primary […]