
August 21st, 2025
Coinbase saw considerable gains in its stock price on the back of a Bitcoin three-month high rally after announcing increased crypto investments.
Coinbase has officially announced that the organization will be adding $500 million worth of cryptocurrency to its balance sheet and will also invest 10% of the profits on diverse crypto assets.
Top American cryptocurrency exchange, Coinbase Global Inc has announced its expansion into the Japanese market.
Coinbase Global stock dropped in premarket trading even though large mega banks and traditional asset managers are still betting big on COIN.
Now with unicorn status, TaxBit intends to use funds received from the Series B funding to expand physical operations into the UK and the US.
With digital currencies gaining increasing awareness by the day, there is a high likelihood that more inflow of funds will be coming into the space.
Current trends prove that all the major multinational banks in the US are taking baby steps into the crypto markets.
It was also revealed that the Senate Minority Leader Mitch McConnell questioned why the government would be spending trillions “when inflation is already sticking American families with higher costs.”
Consequently, the coins have reacted positively on the Coinbase Pro listing led by IOTX that was up 112% in the past 24 hours.
Despite great results in Q2, Coinbase stock plunged yesterday. It closed at $269.67, or 3.85% down, with a $58.98 billion market cap. After hours, its price slightly rebounded to $271.88.
With the broad capital backing cryptocurrency firms are enjoying, the FalconX valuation is a testament of the growing number of unicorns in the global cryptocurrency ecosystem.
Musk has tweeted in support of the crypto community before a vital taxation vote procedure and has urged lawmakers to not consider technology “winners or losers” in the domain of crypto.
With the integration of Apple Pay as viable payment support, Coinbase intends to attract more customers.
Founded back in 2018, Zabo provides developers with an application programming interface (API) to connect to any cryptocurrency exchange, digital wallet, protocol, or account seamlessly.
The CEO is much bullish on the transition to Ethereum 2.0 Proof-of-Stake (PoS) blockchain along with the rise of the DeFi market.