NewsBriefs - Coinbase commits to infrastructure upgrades amid Solana transaction delays

Jan 21, 12:44 PM The Block

Coinbase commits to infrastructure upgrades amid Solana transaction delays

Coinbase has acknowledged significant delays in Solana transactions, attributing the issue to increased activity on the Solana blockchain and promising infrastructure upgrades. The exchange is actively working with the Solana Foundation to improve service reliability and reduce transaction processing times. Coinbase reassures users that all assets are secure and adequately backed.

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• Jan 21, 12:44 PM The Block

  Coinbase commits to infrastructure upgrades amid Solana transaction delays

  Coinbase has acknowledged significant delays in Solana transactions, attributing the issue to increased activity on the Solana blockchain and promising infrastructure upgrades. The exchange is actively working with the Solana Foundation to improve service reliability and reduce transaction processing times. Coinbase reassures users that all assets are secure and adequately backed.

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• Jan 21, 12:00 PM GlobeNewswire

  Virtune introduces Finland's first crypto ETPs on Nasdaq Helsinki

  Virtune, a Swedish regulated crypto asset manager, has launched the first crypto exchange-traded products (ETPs) on Nasdaq Helsinki, Finland. This milestone marks the country's first foray into crypto ETPs, making it easier for Finnish investors to secure investments in crypto assets through regulated, euro-denominated financial instruments. The offering includes single and staked asset ETPs, providing varied investment opportunities in major cryptocurrencies and an altcoin index. This initiative significantly expands crypto investment capabilities in Finland using well-established financial platforms and trusted institutional partners.

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• Jan 21, 11:07 AM The Block

  ZachXBT cashes out $3.9 million in memecoin transactions on Solana blockchain

  ZachXBT, a known onchain sleuth, reportedly liquidated 91 million ZACHXBT tokens he received from a memecoin's developer, which constituted 50% of the token's supply on the Solana blockchain. This withdrawal from the ZACHXBT/SOL liquidity pool led to a significant decrease in the token's market capitalization from $97 million to approximately $19 million. Subsequently, ZachXBT transferred around 16,000 SOL, valued at about $3.9 million, to a market maker Wintermute via an over-the-counter trade.

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• Jan 21, 10:05 AM Cryptoslate

  Vivek Ramaswamy resigns from DOGE as Elon Musk takes leadership

  Vivek Ramaswamy has stepped down from his co-leadership role at the Department of Government Efficiency (DOGE), just after the department's inception by President Donald Trump on January 20. Ramaswamy expressed his confidence in Elon Musk, the new lead, to successfully streamline US government operations. The change in leadership at DOGE, a department aiming to modernize government technology and operations, coincided with its rebranding from the US Digital Service. Amidst this leadership transition, DOGE also faces legal challenges impacting its rollout.

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• Jan 21, 6:49 AM Wall Street Journal

  Coinbase may delist tether if required by new US legislation, says CEO

  Coinbase CEO Brian Armstrong stated that the exchange would delist the stablecoin tether if new US legislation demands it. This statement was made amid concerns about tether's use in illegal activities and its compliance with potential US regulations demanding stablecoins to maintain reserves in US Treasury bonds. Recently, Coinbase delisted tether in Europe due to new regulations, contrasting with the compliance of its USDC stablecoin with similar EU rules. The US government has yet to pass the proposed regulations targeting stablecoins like tether.

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• Jan 20, 6:45 PM The Block

  Speculation of Cuban government involvement in Solana meme coin incidents

  Allegations arose on the social media platform X about the Cuban government's potential engagement in pumping and dumping a memecoin on Solana, leading to multiple iterations of the token being released and 'rugged'. The X account of Cuba's Ministry of Foreign Affairs, which was thought to have promoted the a crypto, became inaccessible, fueling further speculation. The incident occurred amid a general uptick in the crypto market. The initial Cuba token recorded substantial trade volumes, yet the ministry has not provided comments on these events.

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• Jan 20, 5:09 PM The Block

  CFTC Commissioner Caroline Pham appointed as acting chair by Trump

  President Donald Trump has appointed Caroline Pham, a current Commissioner at the US Commodity and Futures Trading Commission (CFTC), as the acting chair of the agency. The CFTC members confirmed her appointment. Pham was previously noted for her efforts in leading digital asset initiatives within the CFTC, including proposing a regulatory framework for digital assets and the creation of a Digital Asset Markets subcommittee.

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• Jan 20, 1:23 PM CoinDesk

  Google searches for 'how to buy crypto' surge after Trump's meme coin launch

  The interest in crypto assets significantly increased, evidenced by the perfect score of 100 on Google Trends for the query 'how to buy crypto.' This surge is largely attributed to the incoming US President Donald Trump's promotion of his own memecoin, suggesting mainstream acceptance of digital assets. Trump's endorsement has potentially opened doors for increased retail interest and discussions of crypto deregulation in the US.

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• Jan 20, 10:00 AM Cointelegraph

  Hashgraph Association partners with Taurus to expand HBAR custody globally

  The Hashgraph Association has partnered with Taurus to facilitate secure custody, staking, and tokenization of HBAR and other assets. This collaboration aims to enhance accessibility for banks and enterprises worldwide, especially in Europe, Asia, the Middle East, and Africa. The partnership also focuses on addressing tokenization challenges and expanding the ecosystem's reach into regulated markets.

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• Jan 20, 7:39 AM CoinDesk

  Solana sets record daily fees of $35M driven by Trump memecoin launch

  Solana, achieved a record in daily fees, generating over $35 million from heightened trading volumes following the launch of Donald Trump's official memecoin, TRUMP. The token issuance led to significant network activity, with Solana handling transactions from about 6 million active addresses and achieving revenue of at least $14 million. This surge in fees and trading volumes reflects increased demand for SOL tokens and an expanded interest in related crypto trading activities.

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• Jan 20, 4:44 AM The Block

  World Liberty Financial reports boost in token sales after Trump memecoin launches

  World Liberty Financial experienced a significant increase in governance token sales, totaling $254 million, following the launch of memecoins by Donald and Melania Trump. The DeFi project sold 20% of its 100 billion token supply and released an additional 5% due to high demand. Tron Founder Justin Sun's $45 million investment further contributed to this surge, emphasizing the crypto community's strong response to the new Trump-affiliated memecoins.

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• Jan 20, 4:00 AM Robinhood

  Robinhood lists TRUMP meme token

  Robinhood has listed the TRUMP meme token, which recently experienced a major decline in value, losing over 40% and erasing $6 billion in market value after competition from Melania Trump's MELANIA coin. Despite the sharp drop, TRUMP's price partially recovered, reflecting a 68% increase over the past 24 hours, although it fell from the top two meme coins, surpassed by Shiba Inu.

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• Jan 19, 4:20 AM CNBC

  Apple and Google remove TikTok from US app stores following Supreme Court ruling

  Following a unanimous Supreme Court decision that upheld the Protecting Americans from Foreign Adversary Controlled Applications Act, Apple and Google removed TikTok from their app stores, making the app unavailable for download and use in the US. This removal is a compliance step following a new regulation requiring ByteDance to either divest TikTok or face a ban in the US.

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• Jan 19, 4:14 AM Binance

  Binance to list OFFICIAL TRUMP token with a seed tag

  Binance will list OFFICIAL TRUMP (TRUMP) with trading pairs TRUMP/USDC and TRUMP/USDT starting January 19, 2025. Deposits will begin two hours before trading, with withdrawals opening the following day. The token is marked with a 'seed tag,' indicating higher volatility and risk, and traders must pass quizzes every 90 days to trade it.

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• Jan 19, 4:02 AM Coinbase

  Coinbase adds Official Trump ($TRUMP) to its listing roadmap

  Coinbase announced the addition of Official Trump ($TRUMP) to its listing roadmap following a significant valuation increase to $32 FDV shortly after its launch. The token, promoted on President Trump's social media accounts, experienced a surge in trading volume and price, peaking at $32.

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