Sabtu, 08 Februari 2025

Coinbase is now a major financial entity with $420B in assets

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Coinbase is now a major financial entity with $420B in assets

Brian Armstrong envisions Coinbase as a central hub for unified financial transactions.

CryptoSlate

Feb 8

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Happy Saturday!

In a week marked by significant developments in the crypto landscape, Coinbase has solidified its position as a major financial player with $420 billion in assets, positioning itself at the forefront of unified financial transactions. Meanwhile, Bitcoin continues to gain traction in state legislatures across the U.S., with Maryland, Iowa, and Kentucky joining 14 other states proposing Bitcoin reserve bills. On another front, regulatory uncertainty persists as the SEC extends its review of Ethereum ETFs to April 9—its third delay—impacting key players like BlackRock and Grayscale.

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The global crypto market cap is $3.13 trillion, with a 24-hour volume of $114.44 billion. The price of Bitcoin is $96,060.08, and BTC market dominance is 60.8%. The price of Ethereum is $2,607.71, and ETH market dominance is 10.0%. The best-performing sector is Charity, which gained 4%. The Crypto Fear & Greed Index is currently Fear (44).