The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Coinbase and Cloudflare have created the x402 Foundation, an industry group that will build an open standard for machine-to-machine payments. The effort, unveiled Sept. 23, aims to give AI systems and digital agents a seamless way to transact value directly across the Internet. Cloudflare, which powers nearly a fifth of all websites, said the new […]
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The firm white-label stablecoin systems, enabling companies to issue digital dollars without coding or their own regulatory licenses.
Cloudflare and Coinbase are launching the x402 Foundation to promote adoption of the x402 protocol, a framework for agentic payments.
Buterin's remarks follow Coinbase executives' pushback against claims that Base's sequencer makes it operate like a centralized exchange.
Ethereum co-founder Vitalik Buterin has offered rare public praise for Coinbase’s Base network, describing it as a benchmark for how Layer 2 solutions should function. In a Sept. 23 post on X, he argued that Base combines practical usability with the security guarantees of Ethereum’s core chain, creating a model that balances convenience and decentralization. […]
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Solana (SOL) investors are witnessing rising volatility as a surge in whale activity signals deadly selling pressure in the market. Despite a strong rally above $250 earlier in September, market sentiment appears to be shifting, with whale deposits into centralized exchanges hinting at potential headwinds ahead. Most recently, a staggering 312,233 SOL tokens were deposited into Coinbase, fueling concerns that whales may be positioning for significant profit-taking. Solana Whale Deposits Signal Rising Selling Pressure Blockchain tracker Whale Alert reported one of the largest Solana transfers in recent weeks, with 312,233 SOL valued at approximately $75.1 million, moved from an unknown wallet to Coinbase Institutional on September 21. The size and timing of this large-scale transfer immediately raised concerns that whales could be positioned to sell. Related Reading: XRP Price At $23, Dogecoin To $2, And Solana At $1,800? Analyst Unveils 2026 Predictions Before this transfer, Whale Alert had flagged another massive transaction of 227,928 SOL, worth around $54.5 million, being funneled into Coinbase on the same day. Together, these two deposits represent more than $129 million in Solana potentially at stake of being sold off. The implications of such moves are significant, as large holders typically send tokens to exchanges with the intention to sell, ultimately adding considerable downward pressure to the market. Notably, Solana’s price rally in September has been fueled by strong demand; however, these recent transfers raise the risk of oversupply, particularly as the token hovers around $224. If whales follow through with the selling, it could cap SOL’s bullish breakout attempt and force the price back to lower support zones. Interestingly, this is not the first time Solana has faced similar whale-driven headwinds this month. Just over a week ago, blockchain analytics platform Lookonchain reported multiple whale dumpings into various crypto exchanges. A wallet tagged “CMJiHu” deposited 96,996 SOL ($17.45 million) into Coinbase, while “5PjMxa” moved 91,890 SOL ($15.98 million) to Kraken. The same day, another wallet “HiN7sS” transferred 37,658 SOL ($6.73 million) to Binance, securing a profit of $1.63 million. These earlier transfers, combined with the latest inflows, show a pattern of whales steadily reducing their exposure as market sentiment shifts. SOL Momentum Weakens Under Heavy Selling Crypto analysts now view Solana as being at a pivotal crossroad, where strong fundamentals clash with mounting selling pressure and technical risks. Market expert Tom Tucker notes that SOL has climbed more than 150% in 2025, but its rally is showing signs of fatigue. The analyst’s chart reveals a rising wedge formation, often a precursor to a breakdown, combined with weakening momentum indicators. Related Reading: Solana price At Risk Of 10% Crash With Descending Broadening Wedge The Relative Strength Index (RSI) is narrowing into a triangle, suggesting indecision, while the MACD has flattened after months of strength. This setup, when paired with heavy whale deposits into exchanges and rising sell pressure, underscores the growing possibility of a short-term pullback. Yet, the outlook is not entirely bearish. Tucker points to optimism surrounding a potential Solana ETF, the upcoming Alpenglow upgrade, and steady treasury accumulation as fundamental drivers that could extend SOL’s long-term growth. Featured image from iStock, chart from Tradingview.com
Crypto stocks tumbled in pre-market trading as bitcoin and ether extended heavy overnight losses, fueling $1.6 billion in liquidations across derivatives exchanges.
Brian Armstrong told Fox Business that Coinbase aims to be users’ primary financial account while addressing U.S. crypto rules and pressure from banks.
Shiba Inu is now entering the same space as some of the largest cryptocurrencies when it comes to discussing exchange-traded funds (ETFs). The SHIB coin is starting to gain notice as it appears on Coinbase’s radar. Coinbase already offers a futures product for Shiba Inu, and this step positions the meme coin for consideration as a future ETF. SHIB’s marketing lead claims the coin already has the necessary setup for this, while a market analyst predicts significant price growth. Both agree that momentum for SHIB is picking up now. Related Reading: From $2 Trillion To $400T? CEO Sees Bitcoin Exploding 200x – Here’s More Shiba Inu Enters Coinbase’s ETF Watchlist According to SHIB’s marketing lead, Susie S, the coin has now joined Coinbase’s “ETF Watchlist Club.” This group already includes Dogecoin (DOGE), Solana (SOL), Hedera (HBAR), and XRP. Being named in this group indicates that the Shiba Inu token is gaining more serious attention. Susie S explained that Shiba Inu is in line for spot ETF consideration because Coinbase already has a regulated futures contract called the “1K SHIB Index.” It is essential because it puts SHIB on the same pathway that Bitcoin (BTC) and Ethereum (ETH) followed before they gained approval for spot ETFs. For the first time, the meme coin now stands in the same conversation as two of the world’s largest cryptocurrencies. She added that while it may be harder for Shiba Inu to launch its own solo ETF immediately, the ETF could be part of a larger product. That product could be something like a “Top 10 Crypto ETF” that bundles together several coins. Market Analyst Sees Massive Potential For SHIB Price Market analyst Heber Mayen also sees a big future for Shiba Inu. Posting a SHIB price chart on X, he stated, “It’s gonna be massive!” His comment reflects the rising attention around Shiba Inu as it becomes more active in trading markets. Mayen explained that SHIB’s popularity on Coinbase’s perpetual markets is a significant indicator. As more traders buy and sell SHIB in these products, the trading volume goes up. This rise in volume can help SHIB meet one of the needs for an ETF to be approved. In other words, the more people trade Shiba Inu now, the stronger the case becomes for a future ETF. Related Reading: FalconX Moves 413K Solana Worth $98M – Impact On SOL Price Currently, Shiba Inu is attracting more leveraged traders, and this ETF activity may be fueling ongoing speculation. Analysts like Mayen argue that momentum is on SHIB’s side as investors seek the next big crypto ETF candidate. The price action and volume activity together create the type of market story that can push Shiba Inu further into the spotlight. Backed by comments from its marketing lead and bullish words from the analyst, the SHIB meme coin could become the next big thing. Featured image from Unsplash, chart from TradingView
The episode comes amid growing frustration among Coinbase users, many of whom alleged they’ve faced similar issues retrieving account access.
Crypto pundit and legal expert Bill Morgan has humorously predicted that the XRP price will drop below $3. He ironically alluded to a series of bullish developments as what would contribute to the price crash. XRP Price To Crash Below $3 Amid Bullish Developments In an X post, Morgan predicted that the XRP price would drop $3 as he joked about how the altcoin keeps dropping despite bullish developments. This came as he highlighted Ripple’s partnership with DBS and Franklin Templeton to provide a trading and lending solution, powered by tokenized money market funds on the XRP Ledger and in stablecoins such as RLUSD. Related Reading: 8-Year Accumulation Phase Could Catapult XRP Price To $6 Prior to his prediction, the legal expert had also highlighted how the XRP price was down despite “all the good news,” which included the launch of the REX-Osprey XRP ETF. The ETF became the first U.S. fund to offer investors spot exposure to XRP. Morgan also alluded to the CME Group’s announcement of plans to launch options on XRP futures on October 13. Meanwhile, the Federal Reserve lowered interest rates for the first time this year, a development that was expected to be bullish for the XRP price. However, despite these developments, the crypto pundit noted that the XRP price was still down. He stated that it felt like “Déjà vu,” pointing to the period between 2018 and October 2024. Meanwhile, in another X post, the crypto pundit joked that he was afraid to post more good news over fear that the XRP price may keep declining. This came in reference to Coinbase’s announcement that in just one month, the Solana and XRP Perpetual-Style Futures have scaled exponentially. The crypto exchange announced that these futures have generated over $1.9 billion in notional volume, with more than 1.6 million contracts having been traded. “No Mystery” In Why XRP Is Down Bill Morgan eventually admitted that there is no mystery in why the XRP price is actually, noting that it was because of the Bitcoin price rather than all the “good news” he had earlier alluded to. He further remarked that this overwhelming reality and the most significant factor in the XRP price movement, which is heavily correlated with the BTC price dynamics. The legal expert added that this is consistent with Ripple’s expert evidence in the SEC vs. Ripple lawsuit. Related Reading: Analyst Sounds Major XRP Warning: Last Chance To Get In As Accumulation Balloons Crypto analyst CasiTrades also noted that the XRP price is taking a hit alongside Bitcoin and that because the altcoin failed to make a new local high, the door is open for a deeper correction. She stated that the altcoin could drop to between $2.92 and $2.94 as this aligns with both the .618 retracement and the measured C-wave extension. At the time of writing, the XRP price is trading at around $3, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Crypto analyst Javon Marks has revealed that Shiba Inu has completed a bullish setup and that a rally of around 138% may be on the horizon. Fundamentals such as the new SEC rule also provide a bullish outlook for the foremost meme coin. Shiba Inu’s Bullish Setup Hints At 138% Rally In an X post, Marks said that Shiba Inu’s setup is still hinting at a rally of over 138%, which would send the SHIB price back to around $0.000032. He added that it is only a matter of time for this move to materialize as a bull signal holds confirmed, hinting at this move for the top meme coin. Related Reading: Shiba Inu Bulls Are Back: Here’s The 512 Billion SHIB Accumulation That Triggered A Spark Before now, Marks had highlighted a divergence confirmation for Shiba Inu, which led to his prediction that a bullish reversal could still be in the cards for the meme coin. SHIB has underperformed up till now, with a year-to-date (YTD) loss of around 38%. However, the analyst has claimed that SHIB could still rally to as high as $0.000081, which would bring it close to its current all-time high (ATH). The potential launch of a Shiba Inu ETF could be one of the catalysts that spark a parabolic run for the SHIB price. Marketing lead Lucie noted that SHIB has regulated futures on Coinbase, which makes it eligible for an ETF listing under the generic listing standards that the SEC just approved. Lucie stated that the big picture for Shiba Inu is that SHIB now joins the “ETF-watchlist club” with other futures-backed cryptos. She added that even before a SHIB-only ETF, the meme coin could be bundled into a multi-asset-backed ETF. A Shiba Inu ETF would inject new liquidity into the meme coin’s ecosystem and could spark higher prices. New ATH Incoming For SHIB In an X post, crypto analyst Shib Spain declared that a new ATH is incoming for Shiba Inu. He stated that the meme coin will bounce “hard” off the support zone around $0.000013 and rally to new highs. Crypto analyst Ragnar Shib remarked that SHIB is heating up, having recorded a 19% gain in the last 90 days. Related Reading: Shiba Inu Diamond Hands Are Refusing To Sell, Bulls Eye $0.00009 ATH The analyst stated that Shiba Inu remains the number one meme token on Ethereum and is fully decentralized, boasting a growing ecosystem that includes the layer-2 network Shibarium, as well as DeFi and NFT products. Crypto analyst Investing Haven highlighted that auto burns and the Shibarium upgrades continue within the SHIB ecosystem, which has helped reduce the circulating supply. However, he warned that the risk associated with the Shiba Inu ecosystem remains high. He also noted that SHIB is witnessing a tactical pullback, although the bull structure is still evolving. In line with this, he advised investors to track the burn rate and fixes in the Shiba Inu ecosystem. At the time of writing, the Shiba Inu price is trading at around $0.00001325, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bank processors and exchanges are among the fintech firms best positioned to benefit from rate cuts, according to Mizuho.
The service is powered by Morpho with allocations managed through onchain vaults curated by Steakhouse Financial on Base.
Crypto analyst CryptoELITES has predicted that the Dogecoin price could reach $5, providing a bullish outlook for the foremost meme coin. The analyst also mentioned what needs to happen for DOGE to reach this ambitious price target. Dogecoin Price Eyes Rally To $5 If This Happens In an X post, CryptoELITES stated that the target for the Dogecoin price is $5 after a DOGE ETF launches. The analyst opined that a huge wave of institutional money is about to flow into meme coins very soon, with this money coming through the ETFs. Notably, REX-Osprey is launching the first Dogecoin ETF today. Related Reading: Dogecoin Price Eyes 1,250% Surge To $3.5 – Here’s The Roadmap The REX-Osprey Dogecoin ETF will provide institutional investors with spot exposure to DOGE and could serve as a catalyst for a Dogecoin price rally to $5, as CryptoELITES predicts. New capital could flow into the DOGE ecosystem through this ETF, which would spark higher prices for the foremost meme coin. Furthermore, it is worth mentioning that more Dogecoin ETFs could launch soon enough, especially with the SEC’s approval of generic listing standards, which help fast-track crypto ETF listings. Bloomberg analyst Eric Balchunas revealed that DOGE is one of the crypto assets that has futures on Coinbase, which makes it eligible for faster listing under the SEC’s new rule. Notably, Grayscale, Bitwise, and 21Shares have filed for a DOGE ETF, and their respective funds could launch soon, which is bullish for the Dogecoin price. The launch of these other ETFs besides the REX-Osprey ETF means that more liquidity could flow into the meme coin’s ecosystem, although it remains to be seen if the $5 target is achieved. Meanwhile, CryptoELITES had also previously predicted that the Dogecoin price could reach $5 from a technical analysis perspective. The analyst cited DOGE’s historical cycles and the gains it recorded previously as the reason why the meme coin could reach this target. $10 DOGE Target Still In Place Crypto analyst DOGECAPITAL has again reiterated his $10 target for the Dogecoin price in this cycle. He believes that the meme coin can reach and surpass this target based on historical trends. He noted that each cycle’s first year (2013, 2017, and 2021) has historically delivered the strongest gains. Related Reading: Dogecoin Price Just Broke A Regional High For The First Time This Year, Why A 300% Rally To $1 Is Possible The analyst noted that in the current cycle, the pattern suggests that the Dogecoin price could be in for substantial upside this year if history repeats, although the yearly candle hasn’t closed yet. His accompanying chart showed that DOGE could even reach as high as $36 in this cycle. Meanwhile, DOGECAPITAL predicted that Dogecoin’s cycle could extend from the projected October cycle top if Bitcoin’s does. At the time of writing, the Dogecoin price is trading at around $0.28, up over 6% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
Prediction markets are entering the mainstream as blockchain rails, AI analysis, and news feeds collide, according to analysts at Bernstein.
US-based crypto exchange Coinbase has made a significant appeal to the Department of Justice (DOJ) regarding a wave of lawsuits aimed at its operations. The company is urging federal action to address what it describes as an “increasingly fragmented and hostile” regulatory landscape for the crypto market. Coinbase Urges Federal Action In a recent letter, Coinbase highlighted the steps taken by the current Administration to create a more equitable framework for digital asset regulation. This includes the introduction of stablecoin legislation and two pending bipartisan market-structure bills aimed at fostering uniformity in the oversight of cryptocurrencies. Coinbase argues that these initiatives have begun to mitigate the adverse effects of the previous Administration’s enforcement-driven regulatory approach. However, the company warns that certain states are perpetuating this problematic trend by adopting “expansive and flawed” interpretations of securities laws and implementing new licensing requirements that undermine the federal government’s pro-innovation stance. Related Reading: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow They make an example with the Oregon Attorney General, who has filed a lawsuit against Coinbase, claiming that many digital assets traded on its platform qualify as alleged unregistered securities. The letter affirms that the suit not only targets Coinbase but also encourages other states to address what the Attorney General perceives as a regulatory gap left by federal authorities. Similarly, the New York Attorney General has initiated legal action to regulate transactions involving digital assets based on decentralized protocols as securities, further complicating the regulatory environment. Coinbase has faced cease-and-desist orders from four states, which demand the company halt its retail staking services. These orders are deemed by Coinbase as “legally unfounded and inconsistent.” Unified Framework For Digital Assets In light of these challenges, the letter to the DOJ calls for urgent federal intervention to establish broad preemption provisions. The crypto exchange argues that preemption has historically been an effective tool for addressing state interference in national markets, referencing past Congressional actions. Coinbase contends that the current patchwork of state regulations not only disrupts market efficiency but also leads to unequal access to cryptocurrency services based on geographic location. Related Reading: Citi’s Ethereum Forecast: No New All-Time High Expected, Year-End Target At $4,300 To remedy these issues, Coinbase advocates for Congress to adopt legislation that would exempt federally regulated digital assets from state blue-sky laws and clarify that state licensing requirements do not apply to crypto intermediaries. Additionally, the company urges the SEC to expedite rulemaking and provide clearer guidance on why digital asset transactions and services, including staking, should not be classified as securities. Such clarity would help prevent states from imposing conflicting regulations based on their interpretations of securities laws. Featured image from Shutterstock, chart from TradingView.com
Oregon filed a lawsuit against Coinbase for unregistered securities charges, even after the SEC dropped its lawsuit.
Analyst Austin Hilton has sounded a major XRP warning even as the price continues to consolidate. He declared that this is the last chance to get into the altcoin before its price goes on a parabolic run. Last Chance To Get In On XRP Before Its Q4 Bull Run In a YouTube video, Austin Hilton warned that this is the last chance for investors to accumulate XRP before its major bull run in the last quarter of this year. He noted that September was expected to be a slow month with little action from the altcoin, especially as investors wait on a Fed rate cut. Related Reading: Analyst Warns XRP Investors Not To FOMO In, Wait For This To Happen First The analyst further remarked that the altcoin has even outperformed expectations this month, considering that it was able to reclaim the psychological $3 level and has held well above support levels. However, Austin Hilton predicts that a greater run lies ahead for the altcoin, with liquidity set to return in the fourth quarter from both retail and institutional investors. Another bullish fundamental he alluded to is the fact that XRP is being taken off exchanges, which indicates that crypto whales are actively accumulating the token. This could lead to a supply shock, which could serve as a catalyst for higher prices. Bitcoinist reported that Coinbase’s reserves have crashed by 90% as whales move tokens off the exchange to hold for the long term. Meanwhile, four major crypto exchanges, including Binance, saw massive demand earlier in the month, leading them to add 1.2 million coins to meet this demand. The CryptoQuant analysis that pointed this out noted that the demand might have been coordinated and might have come from institutions. This comes ahead of the potential XRP ETFs launch, which is bullish for the altcoin’s price. Institutions Set To Flow Into The Altcoin With ETF Launch Institutions are set to inject new capital into the ecosystem with the launch of the first spot XRP ETF, which is happening this week. REX Shares confirmed that its REX-Osprey XRP ETF (XRPR) is coming this week. It noted that this will be the first U.S. ETF to deliver investors spot exposure to XRP. Related Reading: What To Expect If XRP ETFs Get Approval From The SEC Bloomberg analyst James Seyffart stated that the REX-Osprey XRP ETF isn’t a “pure” spot ETF. He explained that it will hold spot directly and other spot XRP ETFs from around the world to get its exposure. The analyst also noted that the fund’s prospectus includes language that would allow it to invest in derivatives for exposure if needed. However, that won’t be the primary exposure method. The spot XRP ETFs could get a SEC approval in October, which is another factor that could serve as a catalyst for higher prices for the cryptocurrency heading into the fourth quarter. Seven fund issuers are currently awaiting the SEC’s approval to offer a 100% spot XRP ETF. At the time of writing, the XRP price is trading at around $2.97, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
The tech giant expands its open-source AI protocol into financial transactions, partnering with Coinbase, the Ethereum Foundation to integrate stablecoin rails.
Coinbase’s policy head said concerns of stablecoin deposit flight are myths, claiming banks are really defending profits from an outdated payments system.
Currently sitting at 260th in the U.S. App Store rankings, Coinbase's position suggests retail participation remains relatively muted.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The crypto industry's messaging and adverts often read like advocacy because crypto's nature questions centralized control and trust, argues Paragon's Conrad Young.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
A mix of strong liquidity, a benign macro backdrop and supportive regulatory signals could keep the crypto market rally alive in the fourth quarter, the report said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Coinbase engineers have released x402 Bazaar, a “Google for AI agents” discovery layer.