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NewsBriefs - Coinbase introduces smart wallets to enhance user experience

Editor-curated news, summarized by AI

  • Bankless

    Coinbase introduces smart wallets to enhance user experience

    Coinbase has launched a new smart wallet designed to simplify the user experience by enabling gasless transactions across multiple networks such as Ethereum and BNB. The wallet features user-friendly account creation via methods like Face ID and allows balance integration from both self-custodial wallets and Coinbase accounts to prevent insufficient funds issues.

    Bankless

    • Latest

    • Reuters

      Bhutan leverages green crypto for economic growth and job creation

      Bhutan is utilizing green cryptocurrencies, mined using hydropower, to augment its economy and mitigate brain drain. The nation, which harnesses hydropower for energy demands, has profited from cryptocurrency investments since 2019, funding government salaries and incorporating blockchain and AI training to propel job creation. The sovereign wealth fund Druk Holding and Investments manages these initiatives, aiming to expand Bhutan's hydropower capacity to support the growing digital currency sector.

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      Reuters

    • Purpose Investments

      Purpose Investments launches world's first spot Solana ETF with native staking

      Purpose Investments has launched the Purpose Solana ETF, the first ETF to offer direct physical exposure to Solana tokens coupled with native staking yield powered by in-house infrastructure. Trading on the TSX, this ETF enables regulated access to Solana's blockchain, emphasizing security, high staking rewards, and operational efficiency without needing complex wallet setups. This expansion underlines Purpose's role as a leader in digital asset ETF innovation and its broad suite of crypto investment options.

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      Purpose Investments

    • Business Wire

      CI Global Asset Management, Galaxy Asset Management launch Solana ETF with 0% management fee

      CI Global Asset Management, in collaboration with Galaxy Asset Management, has launched the CI Galaxy Solana ETF, which is now trading on the Toronto Stock Exchange under the tickers SOLX.B and SOLX.U. The ETF offers direct investment in Solana tokens and will waive its management fee of 0.35% until July 16, 2025. Managed by CI Global Asset Management and sub-advised by Galaxy, the ETF aims to provide investors easy access to the Solana blockchain, one of the fastest-developing ecosystems in digital assets. The ETF also engages in Solana token staking for additional rewards.

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      Business Wire

    • The Block

      Raydium rolls out LaunchLab boosting RAY 8%

      Raydium, the leading decentralized exchange on Solana, has introduced LaunchLab, a new tool for token launches aimed at competing with Pump.fun. LaunchLab seamlessly integrates with Raydium's liquidity pools and offers third-party platforms the capability to set transaction fees. This development underscores the intensified competition between Raydium and Pump.fun, highlighted by recent shifts such as Pump.fun launching its own DEX, PumpSwap. The announcement of LaunchLab boosted Raydium's token (RAY) price by approximately 8%.

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      The Block

    • DWF Labs

      DWF Labs invests $25M in Trump-backed World Liberty Financial, announces US expansion

      DWF Labs, a crypto market maker and Web3 investment firm, announced an investment of $25 million in World Liberty Financial governance tokens and the opening of a new office in New York City as part of its US expansion strategy. This move aims to strengthen partnerships, hire local talent, enhance regulatory engagement, and support digital asset initiatives like the USD1 stablecoin within the growing DeFi market.

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      DWF Labs

    • The Block

      Coinbase Institutional signals potential onset of crypto winter amid market downturn

      Coinbase Institutional, in a recent report, highlighted multiple indicators suggesting that the crypto market may be entering a 'crypto winter.' Key data points include a significant drop in total crypto market cap, less than bitcoin, and reduced venture capital funding in Q1, which have combined with broader economic uncertainties from ongoing tariff policies and fiscal tightening to dampen investment activities. The figure emphasized that both bitcoin and the broader COIN50 index have fallen below their 200-day moving averages, traditionally a bear market indicator, confirming broader negative trends in the market.

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      The Block

    • Metaplanet

      Metaplanet issues $10 million in zero-interest bonds to fund Bitcoin purchases

      Metaplanet has issued 11th series of ordinary bonds totaling $10 million to EVO FUND, carrying no interest. The funds from this issuance will be used to purchase Bitcoin, building on earlier plans detailed in January 2025. The redemption of these bonds, scheduled for October 14, 2025, will be financed through the proceeds from the 14th to 17th Series of Stock Acquisition Rights.

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      Metaplanet

    • The Block

      Semler Scientific plans $500 million securities offering to boost bitcoin portfolio

      Semler Scientific has filed with the US Securities and Exchange Commission to offer $500 million in securities to potentially expand its bitcoin holdings and cover general corporate expenses. The company, which embarked on a bitcoin investment strategy in May 2024, aims to use the funds from the various securities sales, including debt securities, common stocks, and warrants, primarily for acquiring more bitcoin, alongside other corporate needs. As of now, Semler holds 3,192 BTC with an unrealized loss of approximately $14 million.

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      The Block

    • CoinDesk

      Bitcoin retreats, Ether, XRP slide after Nvidia selloff sparks risk-off mood

      The equity and crypto markets took a downturn as Nvidia shares plummeted following a $5.5 billion charge resulting from a US government ban on its H20 chip sales to China. Bitcoin dropped to $83,600, XRP fell by over 2% to $2.08, and Cardano's ADA declined by 4% to $0.61. The broader CoinDesk 20 Index also saw a 2% decrease. Additionally, AI-associated cryptocurrencies performed poorly in tandem with a significant drop in Nvidia’s shares.

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      CoinDesk

    • OKX

      OKX announces US launch of crypto exchange and Web3 Wallet

      OKX US CEO Roshan Robert announced the launch of OKX's centralized crypto exchange and OKX Wallet in the US, establishing a regional headquarters in San Jose, California. US customers can access advanced trading tools, lower fees, and deep liquidity. The company also ensures a secure, compliant environment with a robust KYC process, fraud detection systems, and monthly proof of reserves reports verified by Hacken. The OKX Wallet supports over 130 blockchains and integrates a DEX aggregator for greater token access.

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      OKX

    • Protos

      AWS outage impacts major crypto exchanges and wallets including Binance and KuCoin

      An Amazon Web Services outage in the Singapore region disrupted several major crypto platforms. Binance temporarily suspended withdrawals but resumed services shortly after. KuCoin and MEXC also experienced service interruptions, and crypto wallet Rabby faced similar issues. The AWS outage led to operational disruptions, including problems with asset transfers and order cancellations on MEXC, though their futures trading remained unaffected.

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    • CoinDesk

      Janover doubles SOL holdings to $21M, stock surges 1700%

      Janover has expanded its Solana (SOL) holdings to approximately $21 million, doubling its stack with an additional purchase of 80,567 SOL tokens worth around $10.5 million. This move aligns with the company’s new treasury strategy focused on SOL, following its acquisition by former Kraken executives Joseph Onorati and Parker White. Since embracing this crypto focused approach, Janover's share price has soared by over 1700%. The company continues its operations in commercial real estate while also planning to operate Solana validators.

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      CoinDesk

    • The Block

      Kraken expands US equities trading with plans for UK and European markets

      Kraken has introduced US equities trading on its platforms through a partnership with Alpaca, offering over 11,000 stocks and ETFs commission-free. Initially available in select US states with plans for a national rollout, Kraken aims to provide a unified account for managing crypto, stocks, and ETFs. The expansion includes fractional investments and is part of Kraken's broader strategy to pave the way for asset tokenization and respond to growing demand for seamless, 24/7 trading across various asset classes.

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      The Block

    • NVIDIA

      NVIDIA launches first US-based AI supercomputer manufacturing sites

      NVIDIA is establishing its first US-based facilities for manufacturing AI supercomputers, including production of the Blackwell chips in Arizona and supercomputers in Texas. The company is partnering with TSMC, Foxconn, and Wistron for production and with Amkor and SPIL for packaging and testing. This initiative, covering over a million square feet of manufacturing space, aims to ramp up mass production within 12-15 months and could generate half a trillion dollars of AI infrastructure in the US over the next four years.

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      NVIDIA

    • Avalon Labs

      Bybit integrates Avalon to expand Bitcoin yield opportunities through CeDeFi bridge

      Bybit has partnered with Avalon to incorporate a CeDeFi protocol into Bybit Earn, allowing users to generate yield on Bitcoin. Avalon utilizes a 1:1 Bitcoin-pegged token for fixed-rate borrowing, operational on the Mantle and Antalpha Prime platforms. The tokens are subsequently bridged onto Ethereum and other blockchains. This integration facilitates a bridge from CeFi to DeFi, leveraging assets in high-yield strategies managed by Ethena Labs' protocols.

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      Avalon Labs