Odaily News According to official news, Coinbase announced that it has added FARTCOIN and SQD to its launch roadmap, and may support related trading pairs in the future.

Odaily News Circle Internet Group, a cryptocurrency issuer, and its shareholders who sold their shares raised nearly $1.1 billion in their initial public offering (IPO), after which the company's stock price soared 186% at the opening, triggering circuit breakers twice. Circle became one of the few pure cryptocurrency companies listed in the United States, including Coinbase, Mara Holdings and Riot Platforms. This is the company's second attempt to go public. Previously, its merger plan with a special purpose acquisition company failed due to regulatory challenges at the end of 2022. With the friendly attitude of the US government, the cryptocurrency industry is gaining new political support. In particular, the field of stablecoins has been accelerating due to expectations that Congress will pass stablecoin-related legislation this summer. Wall Street analysts say the stablecoin market could grow 10 times in the next five years, creating a trillion-dollar market opportunity. (Jinshi)

Odaily News Tesla CEO Elon Musk publicly criticized the Trump administration's latest comprehensive tax cut bill this week, saying it would lead to "debt slavery" and suggesting that Bitcoin (BTC) should become the US reserve currency. The bill will add $2.4 trillion to the national debt and cut $3.75 trillion in taxes, and is expected to cause 7.8 million people to lose health insurance eligibility. Musk called the bill a "disgusting monster" and attached an American flag emoji in response to Coinbase CEO Brian Armstrong's Bitcoin remarks. (Reuters)

Odaily星球日报讯 据官方消息，Sui 生态 DEX Momentum 已完成新一轮战略融资，估值 1 亿美元，由 OKX Ventures 领投，Coinbase Ventures、其战略合作伙伴 Protagonist 和 DNA Fund、Gate Ventures、MEXC Ventures、KuCoin Ventures 跟投。本轮融资将用于 Momentum 在 Sui DeFi 生态系统中的增长。 目前，Momentum 上 Swap 交易量已达 30 亿美元，TVL 达 6900 万美元，在两个月内用户数量突破 42 万。 此前，Momentum 已于 2025 年 3 月完成了一轮 1000 万美元融资，由 Varys Capital 领投。

Odaily News DeFAI project HeyElsa announced that it has completed $3 million in financing, led by M31Capital, with participation from Coinbase Ventures' Base Ecosystem Fund, MH_Ventures, AbsolutaDigital, 2sharesfund, levitate_labs, etc. The funds will be used to build an artificial intelligence stack in the crypto field, converting natural language into on-chain operations and bridging the gap between SDKs, APIs, and infrastructure.

Odaily News Circle is about to land on Nasdaq. As a Web3 native company with USDC issuer as its core, it has become another milestone in successfully entering the mainstream capital market in the United States after a few companies such as Coinbase. Industry insiders pointed out that the traditional capital market has a huge demand for exposure to the cryptocurrency field, but Web3 native companies that meet compliance requirements, can be effectively valued, and are publicly traded are still scarce. In this context, Backpack is regarded as the next strong candidate for a structure close to the acceptance of the US capital market. Backpack's appeal lies not only in its innovative product matrix, but also in its complete layout in compliance awareness, entity registration, and product stratification. The market view is that Backpack has shown great potential to become a "retail financial platform" in the Web3 era. Its rapid momentum in user growth and its structural status close to the traditional financial market's comprehension make it a compelling potential target when Wall Street seeks measurable and valuable crypto companies.

Odaily News Bitget CEO Gracy Chen tweeted, "Since January, Bitget has enhanced its institutional services, such as upgrading our lending program, increasing liquidity incentives, and planning to launch a unified margin account in the third quarter to improve the efficiency of capital use. Currently, 80% of the top crypto quantitative companies are now trading on Bitget; institutional clients drive 80% of our spot trading volume, on par with Coinbase; in 6 months, its futures trading volume share has doubled to 50%, with the goal of reaching more than 70% by the end of the year; institutional assets under management (AUM) have also doubled."

Odaily News BofA analysts pointed out that Robinhood Markets Inc. is a "prime candidate" in the S&P 500 index adjustment to be announced this Friday. The stock has recently hit a nearly four-year high as the stock market and crypto market rebounded. If included, it is expected to trigger concentrated buying by passive funds tracking the index. Coinbase's stock price rose 34% in the week when it was previously included. Analysts also mentioned that companies such as Ares Management, Carvana and AppLovin also have the potential to be selected. (Bloomberg)

Odaily News According to the announcement of Coinbase Assets, Coinbase has launched cbDOGE and cbXRP on the Base chain. Both are ERC-20 tokens, supported by 1:1 managed DOGE and XRP respectively.

Odaily News According to Ember’s monitoring, 20,000 AAVE (about $5.45 million) were transferred from the address of Aave founder Stani Kulechov to the ParaFi Capital marked address and entered Coinbase Prime 8 hours ago. The transfer may be an OTC transaction by the founder, a transfer of institutional holdings, or an error in the address label.