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Cobie will now lead the Base app team as Base creator and Coinbase executive Jesse Pollak focuses the Base blockchain’s infrastructure, prioritizing trading, stablecoin payments, and AI agents.In a long and contrite X post, Pollak noted several of his experiments with Base’s “socialfi” features, namely content coins, did not peter out.

BlackRock’s CFO said the firm wants it so “investors never need to leave digital wallets to allocate efficiently across crypto, stablecoins, and exposure to long-term stocks and bonds.”BlackRock also seeks to eventually offer tokenized long-term investments like “Treasury funds, iShares ETFs, and even private markets.”Tokenization and crypto are “a pure organic growth opportunity for BlackRock,” the CFO added.

Kraken Institutional has tapped Upshift as a vault infrastructure provider, enabling clients to earn yield on their idle crypto assets kept in secure custody.Rather than using a pooled vault system, Upshift will build dedicated vaults tailored to each client’s specific investment strategy and risk considerations.

Crypto asset prices are down 36% halfway through 2026 while crypto equities have returned 23%, the widest split between the two in the current cycle, according to Bitwise Head of Research Ryan Rasmussen.Tokenized real-world assets hit a record $33 billion in Q2, up 45% since the start of the year.

William Blair expects Coinbase’s earnings to bottom in the second half of 2026 before rebounding next year.Analysts say Base, derivatives, and prediction markets are expanding Coinbase’s revenue beyond spot trading.

Binance serves 320M+ registered users and intermediates roughly a third of global CEX spot volume and 42.5% of futures volume, while holding $153 billion in user assets.In under seven months, Binance expanded from a crypto-only venue into TradFi and RWA-linked perpetuals from metals and energy to equities, zero-commission spot trading across 7,000+ U.S. stocks and ETFs, and tokenized bStocks, putting Bitcoin, gold, and Tesla exposure inside a single account and login.Within fifteen days of launch, bStocks grew from $5.6 million to over $100 million in assets on $458 million in cumulative volume, with 47% of trading occurring outside U.S. market hours and 58% originating from emerging markets.Every added product gives users another reason to keep activity and capital on the platform, raising switching costs, lowering blended acquisition costs, and diversifying revenue beyond trading-fee cyclicality into payments, yield spreads, and more.Users, liquidity, and distribution: The slow and expensive part of building a super app is acquiring a large, trusting user base and the means to reach it. A major exchange starts with all three in place, so it can introduce each new product to hundreds of millions of existing users rather than acquiring an audience from scratch.Shared wallet and settlement layer: Since each service runs on the same custody and onchain settlement base, an exchange can add payments, yield, or tokenized assets without rebuilding core infrastructure each time. The marginal cost of breadth is far lower than for a traditional platform stitching together separate banking, brokerage, and card systems.Funded balances: Users already hold funded balances on the exchange between trades. That capital sits ready to flow straight into yield, payments, or tokenized assets without a new deposit or bank transfer, so the platform converts dormant balances into the next product rather than competing to win the deposit for a new product line in the first place.Global reach: A single account serves users across borders without a local banking relationship in each market, lowering the cost of expanding into the emerging economies where demand is growing fastest.Revenue diversifies and becomes less cyclical: Breadth de-risks the model away from trading-fee cyclicality. Earn spreads, payment and interchange fees, conversion margins, and asset-management fees on tokenized products add complementary, less cyclical revenue lines. Binance Pay alone has cleared more than a billion transactions, a payments business that compounds independently with a cumulative volume of $7.41B as of 2025.Retention, CAC, and LTV: A unified, multi-product environment raises switching costs and lowers blended customer-acquisition cost, since every new product is sold into an existing relationship rather than acquired cold. Lifetime value compounds as users become active across more products.Deepening competitive moat: The durable edge is not any single product but the accumulated web of user relationships, trust, and liquidity built across all of them. As ecosystem breadth compounds, the full stack becomes progressively harder for competitors to replicate.Unified Security & Identity: Users only need to set up a single login and enter payment details once. This minimizes the friction of re-entering data for every service. A single identity check then carries across the entire platform, so each new product is available immediately rather than requiring its own separate signup and verification.Seamless movement of capital: With every product sharing the same balance and settlement base, users can move from spot trading into yield, spend through a card, or send assets onchain without withdrawals, bank transfers, or bridging fees.Personalization: Since trading history, balances, and preferences sit in a unified account rather than scattered across apps, the platform can tailor the experience to how the user actually transacts, from fee tiers and product recommendations to limits and tools matched to their behavior.

A proposal to restrict non-financial data on Bitcoin has split prominent developers, miners, and industry leaders ahead of a key activation deadline, reopening one of the network's biggest governance debates since the Blocksize Wars.

The Czech Ministry of Finance added Polymarket to its list of unauthorized internet games, requiring ISPs to block the platform within 15 days.

DTCC has launched a tokenization pilot with BlackRock, JPMorgan, Goldman Sachs, and nearly 40 financial firms.Microsoft, Circle, QQQ, SPY, and BlackRock Treasury ETF are among the first assets being tokenized.The pilot uses Hyperledger Besu and Canton, while Stellar-based custody tokenization is planned for 2027.

Institutional crypto OTC desks are evolving beyond block trades into full-service execution and settlement infrastructure.Growing institutional demand is reshaping crypto OTC desks into providers of execution, settlement, and treasury infrastructure.Crypto OTC markets are expanding beyond large trades as institutions seek integrated execution and liquidity solutions.

BTC cleared a key resistance level Tuesday, giving bulls hope. Prediction market traders aren't convinced.

The Bitcoin treasury giant will issue fresh preferred stock and resume buying once its Stretch shares climb back to par, CEO Phong Le said.

New York Governor Kathy Hochul signed an order to pause the issuance of State environmental permits for up to one year.TeraWulf said that its data centers in New York remain operational and that its ongoing development plans are unaffected.

Circle has a rough day. Pump.fun pumps on first major unlock. And Robinhood Chain sees its first big rotation.

A government-backed review says magistrates and judges aren't ready for a coming surge in crypto money laundering and AI-enabled fraud cases.

Ethereum staking generated $45.7 million, accounting for 98% of BitMine’s total quarterly revenue in May.BitMine now stakes 4.9 million ETH, equal to roughly 85% of its Ethereum treasury holdings.Tom Lee projects $284 million in annual rewards once BitMine fully stakes its ETH treasury.