Coinbase CEO: Cryptocurrencies will break down barriers to financing and capital formation
Related
The crypto market saw a slight recovery, with Bitcoin holding steady above $63,000, and the total market capitalization of cryptocurrencies rising by 1% in the last 24 hours.
According to Mars Finance, on July 6th, market data showed a slight recovery in the cryptocurrency market, with Bitcoin stabilizing at $63,000 and Ethereum briefly breaking through $1,800. The total market capitalization of cryptocurrencies rose 1% in the past 24 hours, currently standing at $2.249 trillion. BNB briefly broke through $590, and SOL broke through $80. Among the top-performing Altcoin were: ALICE (up 15.2% in 24 hours); TRB (up 13.3% in 24 hours); RESOLV (up 10.85% in 24 hours); and PUMP (up 8.7% in 24 hours). Tokens previously monitored by Binance, such as TLM, VANRY, and SYN, saw gains exceeding 20%.
Data: Of the top 100 cryptocurrencies by market capitalization in the past 90 days, 65 have declined, while 6 have risen by more than 150%.
According to the latest data from CoinMarketCap, among the top 100 cryptocurrencies by market capitalization over the past 90 days, 35 rose and 65 fell, with the majority experiencing a correction. Six cryptocurrencies saw gains exceeding 150%, with Binance Life leading the pack at 886.58%, followed by BEAT at 775.32%, and DEXE, JTO, GWEI, and LIT rising by 188.26%, 170.90%, 152.81%, and 151.99% respectively. During the same period, 15 cryptocurrencies rose by over 50%, 43 fell by over 10%, and 19 fell by over 20%. Among major cryptocurrencies, BTC fell 8.20%, ETH fell 15.88%, BNB fell 2.78%, XRP fell 13.22%, and SOL rose slightly by 0.93%. Among the biggest losers, M, ZRO, BCH, WLFI, and Trump all fell by more than 40%.
Last night's breaking news roundup! Fill in the information gaps in 1 minute | 7/3
1. A disappointing non-farm payrolls report ignites a rebound; BTC breaks $62,000, ETH rises 7.8% to reach $1700, and 130,000 traders across the network are liquidated, resulting in over $630 million in losses. 2. US June non-farm payrolls only increased by 57,000, less than half of expectations; the probability of the Fed maintaining interest rates in July rises to 68.5%. 3. Bitcoin spot ETFs see outflows of over 100,000 coins, marking the largest drawdown since listing. 4. BlackRock transfers 20,000 BTC, worth approximately $1.22 billion, to Coinbase in four days. 5. The US Department of Justice extradites members of the Scattered Spider hacking group involved in over $100 million in ransomware attacks. 6. OpenAI discusses offering a 5% stake to the US government; Anthropic denies similar discussions. 7. SoftBank plans to raise $10 billion by pledging its OpenAI shares to further invest in AI. 8. Kuaishou's Keling AI raises nearly $3 billion, with a post-investment valuation of $18 billion, setting a record for video big data models. 9. Iran warns US intervention in the Strait of Hormuz will be met with retaliation; scholars say its control has become routine. 10. The Trump administration considers replacing some Federal Reserve governors to pressure for monetary policy independence.
Last night's breaking news roundup! Fill in the information gaps in 1 minute | 7/8
1. The US military launched a powerful strike against Iran, 4-5 times larger than 10 days ago, escalating tensions in the Middle East. 2. The US lifted oil sanctions on Iran, causing Brent crude to surge 5.68% to $75.90. 3. The US SEC may propose new crypto regulations as early as this month, providing registration exemptions and safe harbors for startup financing. 4. The crypto fear and greed index fell to 20, indicating the market is back to "extreme fear." 5. $533 million in liquidations occurred across the network in the past 24 hours, with short positions accounting for $294 million. 6. BonkDAO has recovered some of the stolen funds after the governance attack and is investigating the perpetrators. 7. Zcash is nearing completion of the mathematical proof against the hidden issuance vulnerability, and ZEC rose over 12% in a single day. 8. US chip stocks experienced a "stock market crash," with the Fibonacci retracement falling over 6%, making Bitcoin the most resilient asset. 9. The Federal Reserve plans to use the truncated mean instead of PCE to measure inflation, potentially benefiting interest rate cuts this year. 10. SpaceX AI, in partnership with Cursor, unveiled its first AI model on Wednesday, targeting Opus 4.8 and GPT 5.5. 1⃣1⃣ DeepSeek is reportedly developing an AI inference chip to reduce its reliance on Nvidia and Huawei chips, while Zhipu is also reportedly evaluating a self-developed custom AI processor. 1⃣2⃣ Anthropic has secretly filed for an IPO, potentially delaying OpenAI's listing until 2027.
Last night's breaking news roundup! Fill in the information gaps in 1 minute | 7/7
1⃣ Bitcoin surged overnight, breaking through $64,000; $160 million in short positions were liquidated across the network in 4 hours. 2⃣ MicroStrategy sold 3,588 BTC last week, cashing out over $220 million, but the price of the coin rose instead of falling. 3. Iran fired missiles at two merchant ships in the Strait of Hormuz; the ships were damaged but there were no casualties. 4⃣ BonkDAO suffers governance attack; hackers spend $4.4 million to buy votes and transfer $21.2 million from BONK. 5⃣ Summer.fi Approximately $6 million in DAI stolen due to a flash loan vulnerability attack. 6⃣ Trump hints that Bitcoin may be included in the "Trump Account" in the future, BTC completes a V-shaped reversal 7⃣ TeraWulf signs 20-year AI leasing agreement with Anthropic, with expected revenue of $19 billion. 8⃣ Alibaba completely bans employees from using all Anthropic AI products 9⃣ Anthropic research claims Claude exhibits "conscious thought"-like workspaces in J-space. 10. Saudi Aramco lowers August crude oil prices for Asia, the largest drop in at least 26 years.
Coinbase AI news alerts have drawn criticism for misreporting match results before the World Cup kickoff.
Odaily Odaily reports that Coinbase sent an AI-generated news alert claiming the Norwegian football team defeated Brazil 3-2 before the start of the World Cup. CEO Brian Armstrong has launched an investigation, and Coinbase stated that an update has been implemented to prevent future AI-generated inaccurate information. This error occurred as Coinbase is pushing forward with prediction markets and its "everything exchange" feature, which includes AI advisors and stock options. (CoinDesk)