Category: crypto

Coinbase shares rose 8% after Goldman Sachs upgraded their rating to “buy.” The investment bank cited Coinbase’s focus on infrastructure-driven businesses as a key reason for the upgrade. Goldman also raised the 12-month price target for COIN. Coinbase has expanded its offerings and revenue, with expectations for continued growth despite challenges in the crypto space.

Venezuela-focused stablecoin neobank Kontigo plans to reimburse customers after a security breach resulted in over $340,000 in USDC being stolen from customer wallets. The firm detected unauthorized access affecting over 1000 users and is working with cybersecurity specialists to investigate. Kontigo will fully reimburse affected users and enhance security measures.

Seven major Chinese finance associations have declared RWA tokenization illegal, targeting both onshore and Hong Kong Web3 service chains. The move contrasts with Singapore’s RWA leadership and aligns with Beijing’s digital yuan push. The notice extends liability to overseas projects with mainland staff, effectively dismantling China’s domestic RWA/Web3 support stack.

Bitcoin is in a phase of consolidation with mixed demand indicators. Short-term momentum has stabilized but underlying demand remains uncertain. On-chain activity and profit/loss metrics are improving, while spot, futures, and ETF flows are moderately rising. Options activity remains subdued, signaling hesitation among investors for a strong move in either direction.

The cryptocurrency market is experiencing an early rotation phase with attention shifting from majors like Bitcoin and Ethereum to altcoins like Solana. New narratives like APEMARS, Sui, Hyperliquid, and Hedera are gaining traction, with a focus on gaming, derivatives, and political branding. Established networks are also maintaining core use cases.

Grayscale has made history by distributing Ethereum staking rewards to investors through its ETHE exchange-traded fund, making it the first U.S.-listed crypto issuer to do so. This move could accelerate the adoption of yield-bearing Ethereum ETFs in the U.S. market and integrate blockchain economics into regulated investment vehicles.

Bubblemaps refuted claims connecting a Polymarket bet on Maduro’s removal to a WLFI cofounder, stating that exchange timing and value matching alone do not prove wallet ownership. The firm identified other wallet matches based on the same assumptions and found no evidence linking the trader to WLFI.

XRP surged over 9% in 24 hours, breaking a downtrend and reclaiming key levels. Cardano and Solana also show bullish signs. XRP reclaimed support at $1.80 and is testing resistance at $2.22. Cardano is targeting $0.50, while Solana faces resistance at $140. Altcoins are emerging from corrections.

Meme coins like Pepe, Bonk, and Floki are gaining attention in the crypto market, surpassing Dogecoin and Shiba Inu. Their sharp gains have contributed to a 7% increase in the sector’s total market value. Traders are now moving towards higher-risk meme coins, with several seeing gains of over 65% since the beginning of the year.

Prediction market platform Polymarket is partnering with real-time data firm Parcl to introduce real estate-focused markets. Traders can wager on housing price movements using Parcl’s daily indices, without owning property or using leverage. The collaboration aims to provide a structured, data-driven way for users to express views on housing prices transparently and verifiably.